The Indianapolis journal., 1890-12-19
MONEY IN GERMANY.
No Bad Effects from Barring Bros.' Failure
Europe Wants No Bimetailism.

No Bad Effects from Barring Bros.' Failure
Europe Wants No Bimetailism-
Chicago Post
II. Kreismann, one of the prominent finan-
clers OF Berlin, Germany: gave cnme views
upon the financial situation OF his country
of an interesting nature. Besides being IN
charge of all the surface railroads of Berlin.
Mr.. Kriesmann is a large handler OF Ameri-
can securities and an intimate financial as
sOciate of Henry Willard. Asked at the
Grand Pacific Hotel, this morning. as to the
effect upon the German money market or
the Barring failure. he said that but little
difference was noticeable. There was
some," he added. and owing to it. money
became for the time little tight and the
rates OF interest were trif1e advanced.
But there was no such marked effect as
characterized the American market. Whyf
Because of the greater conservatism
nc not % branos s'a oas in n'essI1 risky enssrpriss @
with the b0ldness Americans. Germans
prefer to place their money in sound
securities which practically ssure
moderate return, Ito securities which prom
lse large returns. but which may not only fail
to keep their promises, but may collapse en-
tireIy, carrying the principal with them"
What Germany is most interested in at
present is the prospective action OF yorr
very much fear that the free-coinege bill
will be passed, in which event premium 10
likely TO be placed on gold. Now there are
held in Germany $500. .000, 600 worth of Amer
Jean railroad securities. German govern
ment bonds pay but from TO per cent. in
terest. and to find larger prof. "a for their
money Germans invested largely In North
ern Pacific, Illinois Central, c.. Is. & Q. and
other railroad securities. But before they
did go they were guaranteed the payment of
their dividends in gold. Now, with prem
ium on gold it would not be unlikely for
these guarantees to be broken. And II IL
on this account that we are watching the
,fo ell larr olaff m al
degree of interest We are all gold coun-
tries abroad and have no use for bi-
bimetalhsm."
us there no probability of Germany
adopting bimetallic standardfn
Not the slightest. No European country
would do such a thing. France is using
silver, but gold is her standard, and she
has more gold stored than any other
country
"in an interview published this morning
Jay Gould expresses hope that England
and Germany will join France and the
United States In proposition to adopt
bimetallismf"
"If Jay Gould said that be is q fool; for
he shows himself grossly ignorant Of the
financial affairs of Europe, and Ignorance
on that subject is widespread In the United
States. You may publish in the most en-
phatic manner that bimetallism will never
will be the only standard. Why, even
Austria and Russia. which have been COM
PEELED to repudiate specie payments and
have recourse to paper currency. are hord-
ing all the gold they can get IN order To re-
sumo specie payments at the earliest possl-
BILE date. But they would not entertain for
one moment q proposition to adopt bImetal-
llsm. No, we shall never have that In Eu-
rope, and unless your free-silver ruen and
TAR sdo n aS
the normal condition of the worlds money
market will be restored"