The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-16
EUROPE'S CRY FOR GOLD.
ALL THAT LONDON AND BERLIN
GET GOES TO RUSSIA.

London and Berlin Cbiged to Draw
from This Country to Avoid a Ruin.
Gus Advance in Their Discount
Rates This Country Said to Have
Nothing to Fear.
BERLIN, May l5.-Ths heavy imports OF
American gold into Europe In general, and
Germany in particular, have drawn the
attention Of flnanciers in Germany to the
matter. Herr Bleichroder, well-kuown
banker. who shares Baron Rothschild's
financial power on the continent Of Europe,
in an interview on the subject to-day with
a representative of the Associated Press
said; "Ail the gold coming here from Eng
land or from France is re-shipped to Russia,
which country has been draining heavily
from Berlin and still more heavily frou,
London.
GOLD BOUGHT AT A LOSS.
"In order to protect the Bank Of England,
and so as TO not drain its resources, Ameris
can gold was called for. but this was an un-
profitable transaction. The gold ives
bought at a loss, ID is true, but we are will
ing to sacrifice something. Had the Rus.
sian demand been met by the Withdrawal
Of gold from Loadon and Berlin the rate Of
discount of the b inks of these o,ties must
have risen OF z per cent. Under the pres~
ent state of affairs this would simply mean
ruin to thousands We avoided 1t by buy
ing American gold.
RUSSIA NOT GOING TO WAR.
When asked what Russia wanted with
all this gold, and in reply to the question,
"is she preparing for war;" Herr Bleioh-
rcder said; you can state with absolute
certainty that for three years Russia will
not think of war. We have received to-
day positive information that Russia is
upon the point Of changing her armament.
She has adopted a new rife and It will take
three years TO arm her troops with the new
weapons, and Russia dare not 90 TO war In
the midst OF such an important change.
No, do not fear war, at least from Russia.
SOUTH AMERICAN SECURITIES.
''i look with more distrust upon the con-
ditioa OF the western bourses. Look at the
London market; it is glutted with South
American securities. What are they worth
Not one Of these republics can meets It's
obligations, and yet many millions Of peo-
pie in Europe have their all invested in
these securities. The consequence may be n
great crash. North American securities
and railroad bonds will not be affected ex-
cept by the general feeling OF distrust prev
alent at present.
AMERICANS ALL RIGHT.
you can tell the Associated Press that
Americans have no reason to feel nervous
about the gold taken away from the United
States. II will soon float back. Russia has
10 pay dues on the loans Of 1870 and 1850, and
that 10 the reason she is accommodating all
the gold she can. BY and by this gold
must be paid out, and will naturally return
whence ii came"
"Will you not need gold to perfect the
new Russian loanp
To this question the banker replied: "The
present negotiations are at a staudstlll
Neither the Rothschilds, myself nor any
other bank will advance a cent to Russia
until things are more secure there thar they
now sre."
MORE TO BE SHIPPED.
New YoRK. May 15.--The gold coin or
dered to-day for shipments to Europe by
to-morrow's steamers is as follows: Heidei-
bach, IckeIheimer G. Co., $1,000, 900; Won
Hoffman g. Co., 81. 200. 900; Lazard Freres,
81, ,250, 900; Ladenburg, Thalmann & Co..
100000; total to-day, s.. 750, 900; for the
week. 81, T25, 900.