Omaha daily bee., 1921-04-25
Unprecedented
Amount of Gold
Coming to U. S.
Fear That Flood of Money
Will Stimulate Speculation
Unfounded, Say Ablest
Bankers.
By HOLLAND.

About 20 wears ago SlU,UtN,ulp
9, .;,,,,,,I,, ,,ere cont in
III SOlu approximately "N'N sN' '
, fo, noeks 10 the United States
~" "NN"' 4,
from other countries, prinCipaily
c.. u :.: I. .st,hI;Shed new
htedt biitd'h' ~
record. The amount was 50 ld' &c
that ,Lc rlcaring house authorities
'''"' '''N g. ,L.y ,yere
were niuCh concerhcu' ioi ."eS w.
aprrehensiyc that the vaults OF this
atlr:,.; ,,,,, ;,.,o,hIe of stor-
association We'S iheap"o'e
ing II.
That in,or, NJ gold ba. pa.sed into tho
it', 10 a., ,S ~ ,inan,iai al strict No one
y, that won,a psVc venturcd 10 say that
~. i,an,r,s 81 vnld 4, a fe,y uonths would
Sne "rea, no com",etsiy 10 dwarf the
ou,nw,t that was sent ahnut 20 years ago
Th,s amazing Import Of gold Is one of the
phenomena that we're suddenly dcNelopeu
by ie eNigencles or the war Inc 'lealihs
house vaults enlarged as they nave been,
would be of Insufficient capacity Tor the
storage OF this gold. we now nave tcderai
reserve vaults and they are ample TO takA
the United States in addition to the onor"
nous amount which has already been i'm
ported
thrush Of Gold.
-, ~ ,,. -, .nr, ,,a ro,a ,o,r 4,
On me hrs, ol Apr, tne tro, soiu hroaS ND" os y"
sns, sss eoo onoS ~, a,,css of ne aoId which
L..
was neIo ne.e seui 49, ~. Az hr,,gs ,,,o' coi
coi,'ine' A''.,os' @ 80 .ans nn,, =, ~
anu III e''s u"9 nao ono a. ,a,"o ro,,, tha
value OF |',"Dvv'o was ,sa saNan VA" ,rn, n
a teaiasiieS Mn''r ia' Sa'' inr,.
nurope' inese Mc,U INC i'npVa,S p',',.h oi ,,,a
single day "ouid not aston'sn nn a. aoe ane
banking authofltles IL ny July so'V,Vvv'VVo
IN gold IN excess OF the amount helu on
July | OF last year were IN the vaults OF
the Feueral reserve bank or In the vaults
or the banks
Occasionally the remark mas been mads
that we do not need this gold and, from
one point of view. that statement Is ac-
curstG. sometimes II Is salu 'hat tne ac
| cuiiu'alol VI ms ehoi NOUS uepuslt oL
so.u' m unpreesucnesu , t III % .ne wor'I n,story
may be oil dangerous tendency because IL
may stimulate unreasonable speculation.
But the ablest bankers say that this ap-
prehehslon Is unfounded'
Why Gold Is Here.
! This cold has oor,. no, n.c.us. ,sd
u or be.e anmandaG ~ o' ,u, haee,sa ,ho.a
IN foreisn ,ands rihu hsys ut ho"vht n,ar,
can ' commnJitiss lilies havo a discoverad that r.
is cheann- r. nee goIa ~ ra,I,ont tr
tbosa can,mndi,;oa tSen 60 az Nv, ni.hani,n ~
Thst IL; ,ntStn man ~ ouS 80 - AInse' h
nennd tbat fnreign .xnh,na ho hhap haar
quoted al such hlsh figures that 1t has
peen pent iopha q, aatantaseous h,i 70 use gold in
hstnn Oh W uu,s a'ioiiS A"s'eao oi Pu'-
,rla ne 49, ~. ma Ina, these shipmehts OF golo
ron o.nef iands 10 me United staes are
t We are nalntalhihs our foreign trade. al
.nGush ,ap, IN Marcn OF thls year the money
aa Va.ue Oh mat trade was less by 800, ,o0O,-
wv man was @ ,ne IKE Faiue OF the trade
IN March OF last year. The exports In
March OF last year were caused by spe-
car demands. net gold continues TO
come and very likely this movement will
De IN progress for several months. There
no other explanation for these imports
Oh eoid tnan the use OF 1t by our debtors
IN othef iands SO that IN this way they
can pay Tor the commodities which they
are buying.
fuzzllng Feature.