Show bilyi islA raid was made on the gold reserve A WILD AFLOAT to the effect that the bond syndicate would withdraw its support NEW YORK sept IS this day was an exciting one and for a time bid fair to be a critical one in the allnan cial field aso that many feared that it might pass into history as a small reproduction of the B ack friday of years ago but tonight the disturbing elements are better understood and the outlook for the treasury and ac maintain ance of its gold reserve la comparatively clear uncertainty as to the intention of the government bond syndicate to maintain the reserve at the century mark and as to its ability to do so has disturbed tiie moneyed interests increasingly throughout the week A crisis was reached this morning when announcement was made that the airm of lazard freres which is a member of the bond syndicate had engaged of gold for shipment this announcement naturally gave rise to the impression that the syndicate bad withdrawn from its controlling position behind the throne and it sent quotations tumbling in wall street beside starting stories that the syndicate had dissolved that a bond issue was imminent and that the treasury was fast drifting back to its old position of the dark daya of last winter before the afternoon afier noon had passed however the city banks had come to the aid of the sub treasury with deposits of gold made in exchange for greenbacks green backs explanations had been made by members of the syndicate and the firm which started the panic and quiet had been restored alien the moneyed institutions closed their doors for the day |