Show REDUCTION IN GOLD financier is inada by the director of the mint that tho circulation statistics of the treasury department will presently show tho of between one hundred and one hundred and fifty millions gold from the currency of the country alie director says in explanation of this statement that the treasury department has for years been carrying on its no longer existed in the form off money as this is a misleading entry itis deemed advisable that tho actual shortage of gold bo made to appear upon the the shortage seems to ho due to he fact that as is estimated by the director an average of about 3 12 1 2 millions of gold coin per year has been withdrawn from the of the country furuse in tho arts ot jewelry ind 1 other consumer of gold giving j arence to coin instead of to bars i ably because the coin Is already tern paired or for the director appears to base hi cs 1 timofe of annual coin withdrawals lipon a n the past six years with the above noted re suits iphis statement 0 althe shoei of one hundred to one hundich and fifty millions is correct it would seem that lie must assume that tl average or 31 2 millions per year has been withdrawn from tho currency not only since 1900 but uniformly annually tor a period extending over thirty tarco scars or since 1873 this however would make a total of only one li undred and fifteen millions in that year ahen the mint was made a bureau of the treasury department the then director made an exhaustive rc viston of the statistics of gold in j the country correcting obvious errors in the compilation and he reached the conclusion that tho amount of gold 1 liven in the united states was including 20 millions in gusej anthe pacific coast and 10 millions in banks and in the possession of individuals in view of the fact that this sum was officially as correct in it seems probable that the present director has taken uiese figures as aj anasis asis or ahls calculi i alons b which he estimates the shortage above noted tracing new coinage from the records of his bureau in order to account for increases and deducting shipments out of he country to canada mexico cuba and abroad as welt as withdrawals of coin for the j x arts to account for decreases r the discrepancy between the amount of shortage as now estimated by the director and that which would be shown by the process of annual additions and subtractions as above thus obtaining he net increase up to the present time may be accounted for by the assumption that alie director has accepted the results of a revision of the estimates of the stock of gold in the country which was made by mr robert in 1901 when he was director of the mint this gentleman made a thorough investigation of the matter and was inclined to the opinion that the gold stock was overestimated over estimated by about 50 millions no change was however made in the official statistics there being some doubt as to the accuracy of some of the data and moreover a marked disagreement between the directors estimate and that which was made by mr who con ducked an investigation while ha waa deputy assistant treasurer at new york A in the east asks oliero are our poets waiting for the eburn of spring tle king of gagum can school teachers As the king is a cannibal his preference is no doubt founded on taste directors of the philadelphia stranded bank will pay hippies hi financial losses but they have not the power romend the rent in his character |