Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1894-09-14
New York Herald. !

otdttS BOVcrHucut' ouSe ouSh IVA
sational suggestion comes from Eu-
rope, and the sponsor for it is man
high in foreign financial circles-one
who has had the closest relations with
the greatest banking institution OF
Great Britain.
1t is in a letter to New York man
of social and business consequence
that this startling theory is brought
forward. The letter is long, and 1T
goes into details which suggest that
the writer has spent much time ana
study on the question from which he
ELECTS the astonishing notion that the
United States is being secretly warred
upon by the monarchs OF the old
world. From one of the statements
contained in the letter it is to be in
ferred that before long the writer
may demand, through a member OF
parliament, answ ers from his govern
ment as to whether or not there is
substantial basis for his suspicious.
Such an inquiry would be likely to
produce marked sensation.
II is apropos of the tremendous
shipments of American gold abroad
that the letter makes most ado In
these shipments, according to the
writer, is to be found absolute evil
dence of what he badly characterizes
as "the conspiracy"
Whatever the foundation for such
suggestions may be, there certainly
is abundant interest and uniqueness
in his theorizing "a TO the cause OF
the American gold expectation move
ment, which has now extended over
period of three or four years, and
that without any satisfactory expla-
nation, for through the greater part
of that time-almost continually
the international balance OF trade
has been largely in favor OF the
United States, and should have been
causing the flow of gold this way in
stead Of from here. So much Of the
letter as bears on this alleged con.
spiracy of the foreign powers against
our government the Herald is permit
ted to quote.
Movement of the Gold.
SIT is simply impossible" says the
writer, ito PROFOUND or defend any
theory which will account for the ac-
emulation of American gold in
Europe-or, rather, the taking away
of Americas gold by Europe-if one
tries TO harmonic this gold movement
with the natural and apparent condi-
tions of commerce and trade finance.
The reason must be looked for in far
different quarter. The gold move
ment to Europe from America is not
natural. It is a manufactured move
ment. Who are the makers OF 1T and
why should they make it? None Of
doctrinaires can tell Some OF them
attempt explanations, but their efforts
are stupid and inconsequential
1.-THE United States might as well
face the facts in the case-she is losing
gold for the reason that Europe is in
q campaign to weaken and discredi'
her.
"Three years ago the United State;
had between $500, 900, 900 and $500, OOO,'
900 of gold in the government treas
nry. Your publicists and your press
were agitated over the problem of wha'
YOU could ever do to relieve yourselves
of the incubus of the surplus Now
your treasury gold is below quarter
of what it was then, and there seen
Astounding indications that the figures
will go to far lower figures.
The prospect is grave enough, in
deed, to warrant the prediction tina
before the summer season is endet
YOU will be embroiled in active worri
ment as to ways and means for re
storing your diminished gold supply
"Just as your fund has gone down
the gold holdings of the depositorie
have filled up. Give more than |
casual glance at the figures and yo'
will be astounded at the showing
When your government bad over $3.50,
900, 900 on hand, the foreign gold hold
ings were considered ample, so far q
Europe's own estimates and calcula
lions were to be relied upon. But tn
telling fact is that every European
mower of the first consequence ha
been assiduously engaged ever sine
in accommodating the yellow metal o.
an extensive basis. See the figures;
Bank Of Germany, increased in
three years................ $50, 900 90
Bank Of England, increased In
three years .............'.'.' 'oiOOV'V'
Bank Of France, increased In
three years.. .........'.'.' iOO,OoO'V'
Bank Of Russia, increased In
three years .................. lVViVOViN
Total .................... .'s0SOiVVViv
"And that is just about the amour
In aggregate which the United STATE
has during same time lost