OCR Text |
Show COLD EXPORT FORBIDDEN'. The Flnt Time in Kieht Year That the Cover i in nt Ha Taken Such Action. New York, March 1(1. Yesterday afternoon Superintendent Mason of the assay ollice received notice from the director di-rector of the mint that the $1,000,000 in gold bars ordered by two firms would not be allowed to be taken for export. This is the first time in eight years the government has refused to allow gold bars to be taken for export. Three years ago the assay ollice had $!)0,000,000 in gold and silver bars behind i' counters, coun-ters, but the steady draiu for the last two years has reduced the stack to $18,-(100,000, $18,-(100,000, and the prospect of further depletion de-pletion was plainly apparent. If the firms desire to ship gold they will have to draw gold from the sub-treasury. Washington, March 18. Acting Secretary Sec-retary of the Treasury Nettletnn, referring re-ferring to the refusal to'allow gold bars to be exported, said the action was taken with the full approval of the president, pres-ident, under tho authority of a recent act of congress, giving the secretary of the treasury discretionary power to refuse re-fuse such exchanges when deemed necessary nec-essary for the best interests of the government. gov-ernment. On the last exchange a charge of 4 cents per $100 was imposed, but as this rate does not seem to have deterred a shipment of government gold, the treasury department decided to discontinue the exchange altogether for the present. |