The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-30
BRITISH GOLD HERE
ON TREASURE TRAIN
Arrival Of S10.53t,2OO Makes
Total Of $40, O98. 400 From
London i'm Month.
$4,000 900 STOCKS TOO

The British treasure train bringing a
second shipment of gold from London
reached New York yesterday. eighteen
d,vs after the arrival OF the train that
brought the consignment of $19,o64,200,
which got here August IL. Yesterdays
cold Was "A few thousands less. L. s.
Grant. acting assistant treasurer at the
sub.Treasury in Wall Street. gave the
value OF the consignment as $19.534,20
OF the securities which formed a part
Of Yesterdays shipment nothing was
made public. There were said to be
$4,000. 900 worth. presumably Ameri-
can shares held by British investors.
The securities in the consignment OF Au-
gust II were said TO be worth 100000
900, but nothing vas made public re-
arding them. II is expected that the
S55. 900, 600 of securities i'm the two ship
ments. with perhaps others to come
later, will eventually be mad the base
Of British credit in this country.
Brought over Sea ON warship.
II is understood that a British war
ship carried both of the shipments from
England to Halifax. Admiral Sir David
Bcattie, victor in the naval action off
Helgoland, 1t Is reported. had charge
OF each consignment. The warship
carrying the gold. 1t Is understood. had
In each case an escort OF torpedo boat
destroyers on the voyage across the
Atlantic.
when the gold arrived at Halifax
on Friday morning 1t was at once
turned over to the officers of the
Dominion Express. who gave it into
the hands OF the American Express
A. aA,guV .l- ,AAAatts ~ Iaur.trhs.,a
It at the frontier. The gold was
packed in steel baggage cars under the
guard OF express messenger armed
with rifles. Then the train. preceded
BY an empty rain. was sent to New
York by way of Nanceboro, Me. Ban
gor, Springfield and the Harlem divi'
sion OF the New York Central.
II reached the American Express
office at Tenth avenue and Thirty-third
street at Sis yesterday morning after
q trip without incident. Robert E. NJ
Cowie, vice-president and general man
ager OF the American Express Com
pany. and q. Il. Christie. the express
oompany's New York superintendent
made the trip down with the treasure.
Procession of Twenty Vans.
The gold was In small boxes. eigh'
Inches ny nine lncneS DN Twelve lnCntS
each box containing 1000 ounces. Cop
per bands and red sealing wax decked tn,
outside of each box. Twenty of the eX
press company's three ton motor van
we're freighted with these boxes. Fiv'
armed men were placed in each Van and
preceded by four taxicabs in which
we're ". Pierson Hamilton Of J. p. Nor
gan & Co. and express officers, the pro
cession of vans went TO the Sub-Treas
ury. The gold was consigned 10 j. l
Morgan & Co. as fiscal agent of tn
British Government.
No police escorted the vans. whic
proceeded along Thirty fourth street I
Eighth avenue. to Thirty-first street. t
Fourth avenue. to Lafayette street, t
Park Row and down Nassau street t
the back door q the Sub-Treasury O
Pine street. where twelve pollceme
were on guard.
The fall in the rate OF sterling eN
change has not been arrested 10y III
Big shipments of gold and further Cos
slgnments at intervals OF a few week
are probable. Banker generally hol
that nothing less than "A credit q
$500. 900. 900 or $500. 200. 900 will restor
Exchange on London to the norma
These shipments from London wer
made only after Ottawa had be
drained of gold. Including these tw
consignments. about SlI2, 100000 /
gold has been received In this city frol
Canada since January ! last.