Rensselaer Republican, Volume 27, Number 3, Rensselaer, Jasper County, 13 September 1894 — DEFUNCT TREASURY. [ARTICLE+ILLUSTRATION]

DEFUNCT TREASURY.

TARIFF AND FINANCIAL BLUNDERING THE CAUSE. The Democratic 7 Party !■ Hopelessly Aa= - competent to Do Anything Except Plunder the Masses of Work and Earnings—Hot Shot. Just before the country passed into control of the present administration, i Jan. 31, 1893, the gold reserve in the ' national treasury amounted to SIOB,- j 000,000. QA year later, Jan. 3), 1894, it had been reduced to $65,000,000. By , the aid of a. 850,000.000 bond gold loan, j and the premiums of $8,000,000 on that ] loan, the reserve gwas again restored above its legal limit of $100,000,000. Last month, July 23, the gold reserve had again fallen to $60,375,695. Deducting therefrom the $50,000,000 gold lohn and the SS, 000,090 of premiums on the loan, we would have only $2,375,695 remaining as the balance of the treausry’s gold reserve to maintain the credit of the eouiitrY after less than eighteen months of a democraticadministration that has threatened the country with free trade Thus: NATIONAL GOLD RESERVE. Jan, 31, 1893... .$108,000,000 July 23, 1894 $60,375,965 Deduct: Gold 10an...... . . $50,000,000 Premiums 8,000,000 58,000,000 Balance without 10an....... $5,375,965 No account has been here taken of the $10,000,000 in gold secured from New York bankers last month, by a transfer of funds, in Order to relieve the treasury gold fund. Without this $10,000,000 and without the loan the gold reserve would have been com-

pletely wiped out of existence, and there would have been a deficiency of $7,624,035 in meeting the demands for gold that have actually been made upon the treasury with not a dollar of gold security left for the payment of treasury gold notes. This is the result of less than eighteen months of a democratic administration and the fear of free trade.

“Tariff Reform.”

THE GOLD GOES.