| Show GAGE ON OUR PROSPERITY Secretary Talks on tho Exportation of Gold to Europe IllOSmilTY HCIti C STAY omnirnl on Philippine Iotlr TriKI an a Iollllrl iiTlilnk ilrltlnlry WkIll ble llerlrilrd Kw York July lA special to the World from Washington gives a stenographic steno-graphic report of an Interview with I tocntary of the Treasury lage Th Secretary said Top notch Pres to morn well rltln low rlO of interest at home hlghr ratM abroad an aay mony Market In the United slipped a agalnat a comparaUvtly tight mare abroad tbvMi are a fw o the mot potent reasons for the recnl uporlallon of American gold Th alight exodus of lh flow metal HOW eauso no surprise or concern When foreign held American secuil tie r returning lo this country for liquidation as many millions worth have been returned efficiently because of the high prices prevailing It to I but natural that the mid paid In eichsng for these awurltlea should Ito I ehlppetl n broad 1Virelgnn holding our negotiable 1 l11 = IMIPT talls that they can now uia POM of Ilielr property at a fair profit and they have been quirk to lake advantage vantage of the prices offend Just how much mor foreign hold Anatericars e rarity will tie returned for sale no tonno of course can accurately foretell 1 Is I fortunate that we have tile money to meet our obligations aa they are from lime In time presented II takes two lo make a bargain I and an I long as foreign holder I of American securities an anxious lo sell and ware w-are willing to hOI Ihe tnnsactlon Is Hand on be term of mutuality I do not expect any heavy en rta lv Jh lions of gold I rive ten 7 nflen orta i haps twenty millions more will b trnn ferrd lo Europe but I do not be ilove the letter figure will tie exceeded 1 The payment In Spain accounts for the loss of IfOWOOCM and add lo till the reasons solvent alove and one bad a so lullon of the gold Wool rtatioan problem ttltli the balance of trade loosely In our favor much or the lrIl which hIa olr rnil oft the Vnited Stalv will cder II totally IrI returned When won wont It tit assay 1 one month U mor b six 1 month ler even a er bottler II nt baqk to hassit so Ionic on it trade tat 14 yst flossing we Me y be ire let urge 1i hill = WVW urrood 10 our shared unless Ime prefer to Ik Imtbln 0100 1 In Its PIP I Montay ao where 1 coast get the best mitard either In hn me ot Inter tot or Ito I use or exchange for rmml it When we Invoro 1 gold II lends after a little 10 produce hlahr Internet In our markets The receipt ot I 01 tile other 14 1 Condo Co make Interest rates lower there atail 1 thrre to I a IIn to an t Allen field plittiolen to joillbrium compil m liattivir to or front our shot Secretary Office belliviots the prolopper fir the I country had ConjoyI I for the last two yvatim lit her to Play Ison 111C tie added aa the people have confl Jones In the ability of the Rorernment to tar fnlflll Its obligations dollar for dot Secretary Jesse to I heartily In accord with President MrKlnley foreign Joel Icr When the flucellon tot taking all Ion I-on of the Philippine llands came up tho secretary argue1 against iulrlng the entire archliwlsgo but he now hav II I Invest in holding them lit wait RIPO 1 oil Kiseil to the psunent of JWOOOOeo to Spain aa an Indemnity but he added Indomnl pIn 10 small a matter to cloth hi I Is or McKinley and Ilabart Mr logo laid l 101rl II OV M will t be the Republican oholneds In 1MO and he anticipate blr return to otnc by a vote neier before gUn to 01 a ndllal to public enter Mr laae does not e > iert lo se Is question of trusts vitt l the Itepiib llcan potty In the next ronteet tnllko AuiVn General Irlinad ITtmater Oenernl Smith Senator llnnim I rand other lleputllcans he Ile l olbo prominent lIIIn llevea the mist question will liecom n a pllnllU Iuoolon to I ctortain to get Into In-to pa emosNal be 111 avad the government d nrlt far tile fiscal year Just h1 who wall match larger than she deficit hr the patlownt Pike I be I antiollmatil II Inrll or boad I Chnn 000 for Ih y or ending June 10 11 n decrease 1 of near half Th large shortsg for th nal was caused by the Papers of last river WA I xpwwy o the Hpanlsh wr and tile Inlok1 for Illh In Claims lnIo ln n1 lion nhlln calba and Porto Ilic art almost pelf MistalnlnK and within a tv nonths roofrig from customs tte Alit exceed llh exparip Th World correspondent to l father hh 10 Worl R 11 I r 110 ot lmlnllrn bonds durlnK the 1Inly lion Unless Ilfrn eovinto call a raid ution alitt treasury gold Secretary laws ul is said I to bot I pmthnllcally OP poaetl to tile Issue 1 of interest bearing securltlw In lime ot peace till 1 Tam Itnorlcil Montreal I July SIt I retwrled from Three Illvrra that th v Illage of rand Tbr Phil tile Immense pulp mill Ion longing to 0 n ussell A Mg 1 r hav been entirely destroyed by tire Tel llrl grapblb oommun callon 10 I Interrupted |
