New-York tribune., 1891-05-16
AMERICAN GOLD IN EUROPE.
HERR BLEICHR0DER ON THE SIGNIFICANCE
OF THE HEAVY IMPORTATIONS.
NEEDED BY RUSSIA FOR PAYMENT OF TWO
LoANS-HENRY VILLARD'S ERRAND IN
BERLIN-THE OUTLOOK IN LISBON
BRIGHTER-GoLD REACHES 200
IN BUENos AYREs.
IN BUENOs AYREs.


Berlin May 15.-The heavy imports Of American
gold into Europe in general, and Germany in par
tcular have drawn the attention of nanciers in Ger
many to the matter Herr Bleichroder, the wellknown
banker, who shares the Rothschlds' financial power
the Continent Of Europe in an Interview to-day with
representative Of the Associated Press, said All
the gold coming here from England from France is
reshpped to Russia which country has been draining
heavily from Berlin and stll heavily from Lon
don. In order to protect the Bank of England and
not drain its resources American gold was called for
but this improbable transaction. The gold
bought at loss, IL is true but we are willing to
sacrifice something. Had the Russian demand been
met by the withdrawal Of gold from London and Ber
lin, the rate of discount of the banks Of these cities
must have risen or per cent Under the present
state of affairs this would simply ruin to
thousands. We avoided it by buying American gold"
When asked what Russia wanted with all this gold,
and in reply TO the question Is she preparing for
war 2" Herr BleichIoder said;
'~You state with absolute certainty that, for
three years, Russia will not think of war. / have
received to-day positive information that Russia Is
upon the point Of changing her armament She has
adopted new rife, and 1t win take three years TO
urn her troops with the weapons. and Russia
dare not 60 in the midst of such important
change. No, do not fear war, at least from Russia.
l LOOK with more dstrust upon the condition Of the
Western bourses. Look at the London maYket; 1t
Is glutted with South American securities What
they worth Not one of those republics can meet its
obligations and yet many millions of people in Europe
have their all invested In these securities The conse
quences may be a great crash. North American
curides and railroad bonds VIII not be affected except
by the general feeling OF disust prevailing present.
"You can tell the Associated Press that Americans
have reason to feel nervous about the gold taken
away from the United States. 1t will float back.
Russia has to repay the Dutch loans Of 1890 and $780,
and that Is the reason she is accommodating all the
-bo Safr d,,%
and will naturally return whence it came"
"Win you not need gold 10 perfect the new Russian
loanY" Herr Belchroder was asked
The German banker answered "The present nego-
tations are at standstll Neither the Rotbschlds,
myself nor any other bank will advance q cent 10
Russia until things are more secure there than they
are now"
Henry Willard, of York, is now IN this city. AL
sorts of stories are told as Mr. Wizards purpose in
visiting Berlin. The old story, frequently conradicted
about a dispute between him and the Deutsche Bank
which is the representative of the German bondhoders
IS again circulated Herr Schrader Of the directors
of that financial institution, in interview with an
Associated Press correspondent, said:
"The stories in circulation about break between
the Deutsche Bank and Mr.. Willard are entirely I'M
founded. We are upon the best of terms with Mr..
Willard 1t is true that have not had any business
transactions with him lately, but this is due to the
fact that the Northern Pacific does not need any
proposition shall be only too glad to negotiate with
him.
Herr Schrader admitted that few Northern Pacific
bonds had been sold In Berlin lately. He added:
German capitalists have lost heavily in Argentine
securities, and being short of money have been com
PEELED to sell foreign bonds. There is feeling
of general distrust and insecurity here. Men viii not
foreign securities, and will not take the
new German loan, which is stiD hed by the banks
They are disposed to hoard gold in their hands"
Herr Dornburg, another director Of the Deutsche
Bank, who has Just returned from visit the United
States, confirmed the statements made by his associate
Mr. Willard also interviewed. He said There
is perfect harmony In the Deutsche Bank. l AIN here
simply for recreation. have been to the Riviera and
shall now spend few weeks I'm Berlin Northern
Pacific bonds stand higher in Berlin than they do in
New York. German hOdors buying, not selling"
The Imperial Bank OF Germany has advanced It's
rate of discount from per cent TO per cent
London, May 15.-"1he Times" believes that the
Russian Government will withdraw co, 100000 from
LOnGOn within the next month or two, and that 1t Is
doubtful whether the Bank of England Will be able TO
draw that amount from America Besides which,"
partial failure Of European crops which would cause
drain OF gold % America in the autumn"
The Stock Exchange here and the BOurse in Paris
were greatly agitated today by the report of failure
In Berlin. In Paris per cent rntes declined 10
centimes owing TO the report, but subsequently
covered telegram afterward received from
Berlin containing an absolute denial Of the report.
Lisbon, May 15.-The state of the money market
here is improving greatly In fact the change for the
better is so marked that it is now considered that 1t
Will not be necessary to issue the proposed 500 and
Buenos Ayres. May 15.-Gold further advanced yes
terday and closed at 900 per cent premium.
ment Of commission to inquire into the condition of
the State banks.