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Commercial
August 28, 1875
Los Angeles Daily Herald
Los Angeles, Los Angeles County, California
What is this article about?
On August 27 in Washington, the U.S. Treasury Department transfers $1,000,000 in gold to support California banks, crediting them in San Francisco after agents deposit gold with the Assistant Treasurer in New York.
Clipping
OCR Quality
98%
Excellent
Full Text
Coals to Newcastle.
Washington, August 27.-Heavy transfers of gold to California are being made by the Treasury Department to-day, in support of the Banks of that State, upon official notifications which are being received at that Department that Agents of the banks have deposited gold with the Assistant Treasurer at New York. Telegraphic instructions are sent to the Assistant Treasurer at San Francisco, placing credits to the respective banks making such deposits in New York. Thus far $1,000,000 have been transferred.
Washington, August 27.-Heavy transfers of gold to California are being made by the Treasury Department to-day, in support of the Banks of that State, upon official notifications which are being received at that Department that Agents of the banks have deposited gold with the Assistant Treasurer at New York. Telegraphic instructions are sent to the Assistant Treasurer at San Francisco, placing credits to the respective banks making such deposits in New York. Thus far $1,000,000 have been transferred.
What sub-type of article is it?
Banking
Economic
What keywords are associated?
Gold Transfer
Treasury Support
California Banks
New York Deposits
San Francisco Credits
What entities or persons were involved?
Treasury Department
Banks Of California
Assistant Treasurer At New York
Assistant Treasurer At San Francisco
Where did it happen?
California
Commercial Details
Location
California
Event Date
August 27
Commodities
Gold
Key Figures
Treasury Department
Banks Of California
Assistant Treasurer At New York
Assistant Treasurer At San Francisco
Notable Details
$1,000,000 Transferred
Telegraphic Instructions For Credits
Support For State Banks