The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-11
BRITISH $5O,OOO,OOO
GETS HERE TO-DAY
Includes Largest Shipment Of
Gold. $4,000, 900. Ever
Made to America.
TO BOLSTER EXCHANGE

THE largest shipment Of gold ever
made to this country from a foreign
,,t,on will arrive here Mt 8 o'clock this
uorning. 1t was shipped from Great
Krtain by way of Halifax. The gold is
valued at s3i. 900, 900. with It will come
securities which increase the value of
,hc shipmen to $4,000. 900. The gold
is British coin.
The purpose Of the shipment IL to
holster the present low prices in sterling
exchange. according 10 information re-
re,yed in high banking circles. 1t is
securitie. will follow.
This makes the total gold imports
from ottawa and London about $780,
OOO. 600 since January /. or this amount
nearly ,si33, 100000 has come from
Ottawa.
According to Robert E.fM. Cowic.
yice-president and general manager Of
the American Express Company, the
gold and securities were sent from Eng
land to Halifax in a fast British battle
ship. which wa probably well guarded
by a feet Of ~destroyers until safely out
Of the wal zone. on its arrival in
Halifax the treasure was Immediately
placed in the hands of the American
Express Company. which stored It away
in seven steel cars OF heavy construction.
A special engine brought the seven
treasure cars to New York. No other
cars were attached to the train. Every
car was guarded by heavily armed men
in the employ of the express
They did not leave the cars for a
moment.
VIII FIJI Twenty-Five Trucks.
on its arrival in New York the
treasure will be transferred to twenty
five big motor trucks, which will take
1t under guard TO the financial district.
Mr.. Cowie estimated last night that 1t
would probably require an hour &c load
another hou to unload IT after 1t had
reached Wall street.
The gold and securities are consigned
to J. +. Morgan Il CO.. who are acting
as the fiscal n commercial agents forthe
British Government in this country. 1t
10 probable that the gold coin. although 1t
10 said to be British. will be stored i'm the
vaults Of the Sub-Treasury. The securi-
ties will probably go into the vaults of
the banking firm.
Whether the securities are American
issues which have been bought in Great
Britain and are to be used Az a basis
Tor a credit In this country or whether
they consist Of a portion of the new war
loan bonds could not be learned last
night. Ii was recalled that France
effected an agreement not long ago
whereby she was enabled to borrow in
this country on the basis of French
held American securities which were
sent here AZ collateral.
Seldom has a gold import or EXPORT
movement been shrcuded in as much
mystery as encircle1 the movement of
the $4,000, 900 gold and securities Just
imported. At the Off es of ]. l.. Morgan
4 Co. the members OF the firm preserved
an unusual silence regarding the ship
ment. They conceded that they were ex-
pecting a shipment of gold from Great
Britain and that 1t was coming from me
Bark Of England. AS to how the gold
reached Halifax they professed igno.
rance and refused to discuss tho amount
beyond stating that f. was nothing un-
usual.
At a late hour last night n member of
the hrn said that "A statement would
probably be issued this morning around
10 o'clock.