The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-12-21
A SHORT SCARE
Threat That Rothschilds would
Withdraw $25,O00,OO0
From This, Country at Once,
Proves a False RumOr.
CONFIDENCE RENEWED
On the London and New York
Stock Exchanges.
The American "Jingoes" Did
It All
Say the Bankers with Their
''War Talk"
A FEW ASSIGNMENTS.
Say the Bankers with Their
"War Talk"
A FEW ASSIGNMENTS.
Several More Failures Are Re-
ported Today.
Echoes of the War Talk of the
Early Week.

LONDON, Dec 2I-Public attention
here is almost entirely diverted from the
political to the financial aspect of the
Venezuelan situation. The rumor circu-
lated in this city that the RothschiIds had
decided to Immediately withdraw e5,-
00O,O00 1925, 900, ,O0O) from America is at
tracing great attention But the Roths-
childs informed the Associated Press to-
day that this report. as well as
the report of the collapse
OF negotiations for a United States
loan were utterly untrue and that no ne
gotiations were pending regarding loan
and that the Withdrawals of gold from
the United States have not been with
drawn on account of the Rothschilds.
A representative of the Associated
Press also called at Morgan. Brown &
Shipley's, Merton s. Rose and a number
OF other leading banking houses and es-
pecially those connected with the United
States. They generally regarded the
situation as being more favorable.
The head of one of the prominent
banking firms said to the Associated
Press: alt seems that the political ques-
tion is now laid at rest by the authorize
ton of the appointment of a commission
of sensible men who will have time to
make their influence felt My kilograms
SHOW 4O uCkkCOS Oh WlbitQE6NAAS lOE
boarding" Continuing, the banker said:
Il am satisfied that nothing serious will
come of it."
The manager of house whose inf1u-
ence is felt in every big financial trans
action, remarked:
"If European investors take everything
seriously, there is no knowing where the
decline will stop. But the outlook is
somewhat more favorable today. After
ha,
make their influence felt and we have
indications that really serious business
men of Amer ica are anxious to undo
the harm the jingOes have done"
The stock exchange opened with ten
dency to panic All classes of securities
were freely offered; foreign government
securities were heavy and the American
market was quite disorganizsd. In fact
it was difficult to obtain quotations.
Soon after the market opened Milwau-
kee fell 8, Louisville 4, Canadian Pacific
| 2M aud Denver (preferred) 81. This was
| followed by partial recovery.
Moro ReassurinG Wall Street.
WALL STREET, n. Y, Dec. 21.-Early
| cablegrams from London today were of
a nature to reassure operators on Wall
street who in some instances anticipated
repetition OF the slump in prices wit
messed yesterday.
Inc heaviest O0clIn0 noted on the
London stock exchange was only 1$5
per cent as compared with the extreme
break of 5 per cent reported yesterday
| The opening of the local mark
ct, however, was even wilder,
than that of yesterday declines extend
ing to 9 per cent being recorded. The
strain was very heavy for both accounts.
Leading foreign representative houses
reiterate the opinion that gold will now
be steadily shipped to Europe. This view
is held by such houses as Lazard, Freres
& Co., who are usually the heaviest
shippers of the precious metal. Rumors
of trouble in the street are now current
in view of the material decline in prices.
There is also renewed talk of action by
a meeting of bankers to take steps to
sustain the treasury gold reserve. This
also has not been confirmed up to the
present time. The market exhibited a
rallying tendency shortly after lao,
which was possibly due to the announce
ment made in the cable advice to the
Associated Press that a specific denial
had been made to its London correspon-
dent by the RothschlIds of the rumor
that the firm had decided to withdraw
$25, 000,0U0 in gold from this country
and that London bankers were consider
ing the question of Withdrawing their
credit. The panicky feeling seems to
have abated to some extent, but the
speculation is still rather feverish and
sensitive.
The day came to an end on the stock
exchange without any disastrous move
ments and prices have sustained much
| mere sErenth than had been Anticipated,