New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-24
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reached the colossal aggregate Of s2lsoo T., t x.a
not a trif,lng sum Of gold 10 give up IN SIX ~
IL is nearly as much as the entire amount '. -
held by the Bank OF England against no'ss S"S ' W.
posts II any country of Europe had been IN
PEELED to yield 10 the foreigner s-ISvT"w IN Nm
within those SIX year. sU'l'g IN such country would
have been put TO painful test ne u ~ -. 80
in that period Of intense strain ana ST. sonntTy ss
the real source OF supply, ana Iurthei ,e S,ss III
as we have before stated H. that this IS ais eM
for export purposes. the freest market tor so,o
the world All other great financial centres s,a an,
means. and use them for putting up osrs Inc hen
For attracting gold none of which means are VS. IT,
or attempted In New-lork. A revuls.on !. n.cu
when they properly consider our record II w. nn
gold discoveries had not been made IN ooe'h "a nat
and West Australia ana larger OJpas sod prod.
uct between the years before referred TO usss sSs
the contraction and construction OF values anu
seek some relief from this avarcious grabbing -.
gold by the European banks. Happily tneir ,srnly
there has been this immense initiation In so'a pa
duction the fabric of values ana ,ne ~ ne
widened area OF the sole god standard ror III ,hs
may look with small apprenenas.Uma nd for
gold Russia according the London sS,. .t tho
April L. has very wisely decided not % ss.nt and
resumption OF SPECIE payments fG be me many BE-
fore IL undertakes 80 difficult task VIVA .s been
is doing Is simply continuing b pU.T Sslcy accu.
knaYl
mulatlng gold doubtless more "a Wal IL many OF
preparation for gold payments . hS" Of Russia
friends know that the Imperial Bans trough not
which is in reality the Russian treasury .sus. now
has in its vaults more gold than '"e
France? But this is absolutely true. =, hand the
According to the latest statement ~ equiv:
Bank Of France on April held tin A..ai Bank q
Russia March l6 held Si?6 oso@ So.nn y.r against
OF France however, holds s249. SSoGo slne, me
only s6200o0 silver in the Bank OIL vn aid above
Bank of Russia holds nearly SlSvW,~s", Is l&.
showing In cold figures the extent Oh Inst be be.
for gold When that Is appeased. az u n ou OF the
fore long. the new stock OF gold coins nd innatng
earth VIII exercise more lubricaths sha Rank Of
Germany has lost about 100000 gold anu me Bank
OF France about 81 100000. but meant'.s 40 400 and
OF England has gained In god abour 20 "a 40 Here
the Bank OF Austria Hungary about Sssta and Ia
Is locking up In the state Bank OF $50 rank &C.
the excess OF English and Austrian stare nd Ger
cumuations over the losses of the Frenc and hfty
man State banks OF about one hunireu This
millions OF gold within the twelve mn,s Tor the
with the amount used In the arts, millions OF
worlds product Of atcut two hunareu "
gold within the last twelve mohths ,d on 10.
The influence on prices, on enterprise aa,ion viii
dustry, which goes with metallic, nsa great H..
come when the abscrptive powers OF ,he rank Of
sti:uons cease The gold which goes 20 ,n e,nctions
Russia is wholly shorn OF all comnercai u ~ n rad
For the moment II Is as dead 10 commer0t, yi be
been buried In the TRIAL Mountains; H. Seg,nnIng
happy day for the world at large anu s he record
OF new era OF rising prices TO snceeeu when the
OF falling prices OF the last twenty yeas ant OF the
gold that is coming so provide 20 fruc,y
earth shall fall into commercial cha Hes ,.S i, shall
and fertize the fields of trade over ronse vas
flow IT looks as II the European .S ,nat the next
move will be to squeeze II out and seat s.errr,se
cas-, IN shower Of investment and ehte'p"