The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-21
WII.L KEEP THEIR GOLD.


WILL KEEP THEIR GOLD.
The Daily News's financial article gives
as its opinion that a European loan TO re-
plenish the United States treasury Is an i'm
possibility at the present time. 80 severe
a panic in one department" says the Daily
News. ''as was witnessed In the American
market to-day has not been experienced for
years. The dread of receiving interest and
dividends in a deprecated currency has at
least as much to do with the indiscriminate
selling as has any political anxiety. Faith
has been rudely shaken, and whatever the
outcome Of the Venezuela troubles, ii Is
feared that the work of restoration will be
very slow. 1t is impossible to give reliable
quotations from the street. 1t would ap-
pear to be the height of folly for respon-
sible holders to attempt further realiza-
tions upon a market in a condition which
would only be warranted by an outbreak
of war"
An editorial in the Daily News, comment
ing on the grave financial crisis in the
United States, says: President Cleveland
has inflicted a heavier blow on his own
country than upon ours. He will find that
no bond issues or withdrawal of notes is
so effectual as the assurance OF peace. He
must now be conscious of his mistake. II
he is willing to repair it he will find in the
British government and people every dis
position to forget his hot words. Our New
York correspondent believes that the COM
mission will be so formed as to secure a
perfect report. 1t would be happy ending
should the commission uphold the Schom-
burg line. The earnest prayer of the Chap
lain of the American Senate will find an
echo in the heart Of every good man in the
two sister lands
The Berlin correspondent Of the Daily
Telegraph denies the report as far as Ber-
lin is concerned, of the financial writer
in yesterdays Daily Telegraph. to the ef-
feet that negotiations are pending on the
continent for loan of $50O00,o00 to the
United States government. The Daily Tel
egraph's Berlin correspondent says: IAN
eminent banker said to me that the idea
was preposterous and that not one of
the leading German banks would dream of
supplying America with a penny for any
purpose calculated to injure England"
The Telegraph's financial article says: 'Tt
is reported that other bankers besides the
Rothschilds will withdraw their balances
from America. 1t is estimated that the gold
shipments from New York tomorrow will
reach about 2.OO0,OOO. the bulk going to
Germany. where the money can be more
profitably employed than here"
The financial article In the Chronicle
says: Many issue negotiations OF long
standing have entirely collapsed. although
some have gone so far that they are un-
able to recede having made advances
against the bond issues contemplated for
the new year."
American Securities UnsalabIe
NEW YORK, Dec. 20. = The Evening
Posts financial correspondent at London
says: There was severe panic in the
Stock Exchange here to-day All American
securities. shares and bonds alike, are prac-
tically unstable here. The panic to-day
was not based so much on politics or a
war scare as on a predicted financial crisis
in America. Five million more Collars In
gold said to be engaged for shipment
from New York tomorrow, making
$40. 100000 in all. but this is not absolutely
confirmed. 1t is, however, only a question
of time when more gold will CO.
The decline in consols is not on
investors selling, but on bear sales.
In Americans. on the contrary, the rush
Of genuine holders to realize was enor-
NOUS. the shock received by the tone OF the
Presidents message, and still more by its
acceptance by the House OF Represent
atives, being one of the severest ever ex-
perienced here. Other markets were fiat.
in sympathy with small business. 1t is ru-
mored that $3,0O0.000 in gold has been en-
gagged by Rothschild for shipment from
America cannot confirm this. but the re-
port comes from good quarter. Prices
closed fraction above the worst. The
Bourse was fiat to-day, out Of sympathy
and for the reasons cabled yesterday. The
markets at Berlin were weak but were the
steadiest Of the European markets"