Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1870-03-19

IulEs uu9NAHAN HllN NhAhANAVN'i "NNN
that the officers must all the time
he on the watch for revolutions,
treason and other heinous offences.
-
FROM the N,wY ,Tk Herald, NLrc1 Il.
THE GOLD SENSATION.
Decline ana FaIi Of the GoIasn
RmpiFes-t ondlUIOR of Ihe mRF-
kes neutrality-suspicious. she safe
DsPO,n Vaults 81 the CiiYss
Large Amount OG specie La New
ToFk..POPulaF ImPTeSslORs'
Gold was permitted Ia rest IN a
state Of comparative equilibrium
Yesterday. Yet the Gold Room had
its usual appearance rs q nursery
for unQuiet children The brokers
made various noises, said by some
cynical person to be given in imi-
tation OF the providers of the fer
est, and seemed to subsist upon
their own interminable l~oquacity.
Ii an innocent person, bent up
on investigating the tension Ofthe
human lungs, were to visit the pit
of Gold Room he would, no doubt,
find these useful bodies in their
highest state. At any rate he
would find tongues so far possess.
ing the properties Of India rubber
that he would only wonder that
they do not come in material, rs
they often do in local contact
These tongues, picked hy long
sArURATIoN IN FIGURES,
ILL" Ill al" going, "ll'-
seem to shoot the price Of gold
about unfortunately, and the
result has been that many opera
tors have been perforated in the re-.
cent decline. It will be necessary
; to give up the Gold Room, they
say, when gold touches par, and
thus one Of the most interesting
bar-rooms in the city will be
closed. Despairing Of selecting II
. grain of good sense out Of the
, chaotic Gold Room the reporter
. went in search Of information
among some of the mighty mag
t mates of the banks. A visit was
t paid to
5 THE VAULTS or THE PARK BANK,
where the gentlcmanly manager
9 was found.
REPoRTER-Hayc there been
9 any gold deposits, unusually large
placed in your vaults as a consc
quence of the recent decline?
MANAGER-No, sir: no move
ment Of that character has beer
y noticed. Gold deposits are com
Z paratiyely small.
o A visit was made TO the vault
Of several safe deposit companies
Ibut in no instance was it fount
that there has been any marked in
4 crease In the hOaUlimg of gold
r If gold were being boarded |
is could be done without the know
+, edge of the safe deposit banks. q
every patron can place his valu'
% bles beyond the espionage Of til
I'd bank officials.
ne 1t is hardly likely that capita
Ne lists are loading up for u rise /
II gold. If such a state of thing
existed the evidences would 500
IL come to the surface. VIII
The reporter succeeded in OF
AZ taining an interview with a res
- pOnsible officer Of the Fourth M
tional Bank. He stated that tn
banks OF the city now hold moi
he gold than they have for year
IN About SIS, 100000 is the sum o
~; deposit in New York. This doc
represent the actual amount
P' coin in possession Of the bank
'r' but the aggregate Of gold certii
i'll Gates and coin. The gold Certit
IL. Gates issued by the Sub reasul
!. to depOsitors Of gold make abol
S3j, 900. 900 Of this amount, lea
AZ ing the banks in actual ~pOssessiC
nd Of S23, 100000 in coin.
he GOLD WAS NEWER MOREPLENTI.
In than now, and this is because Il
to Treasury policy has change
nd Formerly the department desir,
tn hold coin, hut now wish
III throw il on the market. +
led Fourth National Bank yesterdi
he had about $4,000 900 of gold
mn hand and the Park Bank had Il
= same amount. The former ms
."' tuition is chiefly for brokers a
the the brokers all show heavy b
re. ances Of gold. People who ha
for been wondering why many failur
have been reported in Wall strl
:" should remember that there is
the considerable short interest. tt
re is manifest from the plentitude
GUS gold and from the fact that the
/. oel have been no strong attempts n
0%corner." Then there is no ,
yer mand for gold; the short inter,
ich evidently does not want much
But it merchants are not short, q
t. gold from its own weight ]
sought its own equilibrium. SIP
" ulatiou may cause it to vihrt
Tor but from the large amount on
Ised market it will settle at its state
for positive rest, which is little alb,
par.