The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-02-04
HOLLANDS BANKS A
STORE SYSTEM FOR
QUANTITIES OF GOLD

Amsterdam. Ncth.rlands.-NOt he
least yurious of the many strange m
cidcnta! effects produced by the war liz
The fact that the SINAI country of the
Netherlands %probabl, contains more
gold today than evei before IN its his
tory. In the past year. for instance,
a continual steady nfiuN uf gold from
the European continent and oversee
| has doubled rhe stocNf OF the Neither
, In uds bank, and with hollands foreign
exchanges contiauing their ever
downward courrc there IN no saying to
what figure they may not reach if the
war lasts much Longer and ~ still kept
| out of her borders.
With long queues standing daily al
the banks doors. the government at
the outbreak of war had to reduce the
compulsory gold covering the banks
callablc from 80 to 20 per those
liabilities OF ego. 90. u00 foriIs OF
s25S.333 900. are now coveted to The
extent of 90 per cent the gold stocSs
amounting To $3.50. 600 o0O nurins OF
s179.l 66. 600. On the other hand. u
review OF the year gust closed shows
that the banknotc circulation has been
a record one. reaching the figure oi
$40. zoo. 00O floriiis on November , last,
or s2i0. 29i goo.
Other evidence of the favorable fac
tors which the war has brought with
II for Holland is found N the new
years speech of the chairman OF tn,
Amsterdam chamber OF commerce.. ~
which he shows that = number al bug
inssses and Industries AVE been ahl.
to make considerably increased pronts
f, although the risks were abnormal
The Dutch shipping companies haV,
been making enormous proiitf. while
the Dutch shipbuildins yards are ~
crowded with work that orders car
only be placed for very Instant deliV.
cries.
II may be noted inc d.ntRl,y that tbs
considerable rise In the prices OF
american Industrial securities vas one
OF the principal factors that aided IL
a rapid liquidation % tn. mass %
stock loaR transactions thai bad To be-
compulsor,ly suspended hen the wal
crisis broke out ns the Dutch publ,
took adVantage of this rise 90 renliz,
"a large quantity Of Their American
holdings and obtain the ready none.
they needed.
l. There II. however. another side I,
the medal. for the fever sh activity IL
some economic departments - mor'
titan ofrss, tor the nation a. q whole
bS the big rise IN the cost 80 liVini
and the burden % the mobilization
costs. The war ioal Of some Sili.
900. 000 has long since been eaten up
and AZ the end OF the year m" iiostinl
debt of the treasury had again gruwi
to ss4,UG0. zoe. so that another his
loan seems Inevitable IN h comii,
spring. while large taxat on ncreas ci
nre already before parliament,
The export OF cut and rong' ala
monds to the United States ACCOUNTED
In the first three quarters of the yeni
To i3.7So,000 iiorirs or s5,1i5,s0t
against l2.7Sl.000 norins OF s5,32i,t00
The demand FOR rough diamonds
winch was small IN the beginning o'
the year. increased considerably, "s
pecialiy IN The third quarter OF th'
year. while prices remained frm. Am
sterdam merchants have been estab.
fishing more representatives In Amer
lea thar formerly. 80 that the incrcas'
ed stocks ~ their possession should b'
taken into account IN connection viii
the foregoing figures.