Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1907-11-05
IMPORTING GOLD TO
RELIEVE STR|NCENCy
ENGAGEMENTS FROM FOREIGN
COUNTRIES ARE NEARING
sso,ooo,ooo MARK.
BANK OF ENGLAND'S
STOCK is SHRINKING

Treasury Officials Declare Situation Is
Improving Daily-Banks Taking
Out Additional Notes-Cash on
Way to Chicago.
New York, Nov. Arrangement Of
gold for import to the United States,
necessitated by the recent period of
money stringency in this country, are
approaching the s30,00O,O0O mark. An
nouncement was made Saturday that
the National City bank had engaged a
total of $1,000,00O in United States
gold coin in Havana for import; that
N. w. Harris & Co. of Boston "a
branch of the Harris Trust and Saw
ings bank, Chicago) had engaged $780,
900 in gold and that George H. Nc
Fadden & Bro. of Boston had 100000
in gold now en- route to the United
States from Europe on the steam Lusi-
tania. These sums bring the total en-
gagements up to this time to SIS, $780,
900.
Pittsbure Imports Gold.
Word has been received here that
the First National bank of Pittsburg
has made arrangements for the impor-
tation of 100000 in gold from Lon
don. This is the first engagement Of
gold for import ever made by Pitts
burg institution. Shipment was to be
made to this country on the Lusitania
and is expected to arrive next week.
These sums bring the total engage
ments up to this time to s2s,75OO00.
More British Gold Coming.
London, Nov. 4.-The Bank of Eng
lands stock of gold was further de-
pleted Saturday by s22O,0OO in bar
gold and G109, 900 in American eagles,
which were withdrawn for shipment
to the United States.
Financial Situation improving.
Washington, Nov. Treasury of
ficials are agreed that the financial
situation is distinctly improved day
by day and advices from financial
eenters Saturday were of very re-
assuring character. News of the
opening this morning for business of
the banks in Oklahoma and New Mex
leo was received with general salts
faction and there is said to be abund-
ant evidence that the fear of more SER
ious conditions is subsiding. Nation
al banks in all parts of the country
are arranging to increase their circu-
lation and the treatury officials and
clerks are working overtime in the
effort to keep up with their vastly
increased correspondence.
In the rush of business it is
possible to obtain only few of the
names of banks that are perfecting
arrangements to take out additional
bank notes. Among them are the fol-
lowing: National City Bank of New
York, $2,000,000; Whitney Central
National Bank of New Orleans, $780,
900; Hibernian of New Orleans, $780,
600; First National of Cincinnati,
$4,000. Monroe National of Chicago,
$4,000; Merchants of Providence, R.
l., $4,000; Hartford of Hartford,
Conn, $4,000; Continental of Chicago,
$4S0,000; First National of Van Vert,
O., $4,000; Irving National Exchange
Bank of New York, s1,O0O,OOo; Mer-
chants of Wilmington, N. c., 100000;
National Bank of Commerce, Cleve-
land, O., 100000; First National of
Galveston, Texas, 100000; Hunting
ton of Columbus O., $4,000.
Several large shipments of currency
were made from here at the close of
business Saturday evening.
Bank Notes Aid Chicago Situation.
Chicago, Nov. 4.-Bank notes to
the amount of $4,000 are comprised
in a shipment of new currency now
on the way to Chicago. This sum was
started from the United States treas
ury Friday, consigned to the First
National bank, and will be available
for business Monday. 1t forms a mart
of $2,000,0OO additional currency which
has been arranged for through the
banks president, James B. Forgan.
News of the shipment was one of a
number Of events which have led Chi
cago bankers to express satisfaction
over the results Of the week.
Treasury Aids in Frisco.
San Francisco, Cal, Nov. 4.-The
United States government came to the
assistance of the San Francisco banks
Friday, announcing kilograms that it
had taken steps to expedite the ship
ment of coin to the Pacific coast. This
action was the result of an appeal
by local financiers to Secretary Cor.
telyou Of the treasury department. A
sum said to be in the neighborbood of
S1,O00.000 is to be transferred by the
government for the use of the San
Francisco savings banks.
Nebraska Bank is Solvent.