The Monte Vista journal., 1897-10-16
GOLD COMING FAST.
Currency aad xp~rls shipped Across
Country by Nall.

Country by Nall.
New York. Oct. 1.-Two million aNl
half do.iars In gold arrived from Eng
land IN two steamers saturday, and s..
0O.O0O ia on the way. The engage
ments already mnsle will bring this to-
tai up to ~ 5,OO0,OOO before the end Of
the month, and bankers here esstima to
that the receipts for the month Of Oc.
tobcr wiN reach $4O.OOO.OOO II mot $780,
100000 Some people say this money Ii
being imported to pay fer the Union
PSCific railroad. which Ii to be sold Mt
auction the nrst OF November at Oma-
Ina, and will be purchased for not less
than &JO.O0O,OOO cash by q syndicate
that has already been organized aud in
cflties several OF the most important
banking houses In New York; but the
prevailing opinion among flnanciers IN
that the hOw Of gold this why In per.
fectly natural and IL, tIused by the dow
Of wheat and other breatiatuffs and pro-
visions In the other direction. The ex-
ports for August were larger than for
many previous months In the history
Of the United States. and II is predicted
that when the figures for September
arc announced they will exceed tl,ose
OF August. There expor.S hnve been
paid fer. and the money. sooner or hat
or. must come home to the men who
sold them. And there Ia a steady
stream OF gold flowing INTO the sub
treasury here from the other direction.
The rum Of f7OOOOo was received from
San Francisco recently frOm Australia,
and there In 70 much coin On the Pacific
coast that lhOp.c want to get rid Ct It,
sun Fraik.issO bank which not hong
: <AfTO b... 81
several millions OF god coin for New
York exchange to save the cost Of
transportation has rcsorted To u novel
plan for transferring god across the
continent at the expense OF Uncle Sam.
II IN being slhpptd by mail In small
canvas bags about the size Of sausage.
each bag containing fifty $40 gstd
pieces. an1 there are seven or eight
l'ags on every mail. Over 100000 ltin
already been received In this way. The
packages are fealtsi. registered and sent
under letter T,ostnge' nt the rate OF one
cent an ounce. A double eagle weighs
about an ounce. and fifty ounces II
about as heavy package M the postal
authorities Will accept. The pOrt,ige on
each package In nifty cents. more or
les~. the fse fUr registration is eight
cents. and the money Is insured ut the
rnte Of 81 per 1900 against loss by fire.
robbery or accidents. Therefore tlic
cost OF translp1 rtation amounts to about
Sl.00 for every &I.UO. The express
rates. inclMlinR Insurance are E..D per
Sl.Os. and the saving " therefore
about $50 PER &l.GD. or 7O0 timc., that
much on shipments thus far
TIE government assunes no rcspOn-
sibiEty for packages inirusted to the
miils. The registration is only . safe
guard AMI a receipt. which In admitted
as priuM facia evidence In the courts,
so the insurance companies take nll the
risk. Small packages Of gold have been
transmitted by mail frequently for
years back. and there has never been IA
lO<s. but this In the first rime that hank
ers have shipped II by the Wholesale.
1t Ia common practice to send paper
money In the mails. A thousand or "a
$1,000 hill docs not weigh any more
than 81 ~ ~ hill. and the postage
charge is nominal. The registration fec
is cents. and there are several in~ur-
ance companies which mSIr h,sincs~
OF taking risks n this kind. their. pre-
miums beinG geus1aily covered by dis
tan'c. Al any hank you can SEQ q
schedule of the cost Of insurnx ship-
m'nts of money by mail frcsn New
York to alnC Il every town In the coun-
try. ard hundreds Of thousands of dol
lars are received and sent In that way
evC.y day. I.ast week I SAW In New
York hank two packaEe~ ss'al,d. stamp
cd Iid ad;rsr scsi to ~. Paul that cON-
tains,l f.b.pD each. and they wcrr not
much larger than n packet OF ofiicial
envelopes. The postage was 10 cents.
il~, registration fees III ceu,s and the
Insurance. S:s'. making y total cost Of
$.l'.:h; while the express chIrgc at fhc
regular rat. would have been &i...5 per
$1,000
Tln. express rate 10 Chicago Is ~ pr
N.CzD. ani The insur:R1se ON postal
packages ~ cents THE exprs~s rate to
Denver is s.. aud the Insurance rate
"a c-nta 20 that there " economy In
the mail business. although the risk il
grHtsr. AMI some II these days there
will bc a big robbery on the rDdd.