Show GOLD COLD AT A PREMI PREMIUM Uble and yet win WH street has H survived tho the shock gold is at a premium on thursday 27 last it was 1 alper per cent how wall street survived such A shock Is one of those mys mysteries that will probably never be explained vor fot two years past the appalling p picture leture of 0 gold at a premium has been kept in the very focus of the public gaze true the gold people never specified particularly just how we were to be ruined by bj it they left that to the imagination gold has been at a premium over commodities modi ties and other forms of property for more than twenty years that however has given the gold worship per no concern the fact that the producer had to labor twice as long or twice as an hard bard to get a dollar was a good thing for the man who already had the dollars but at the idea of some importer or wall street speculator having to pay one or two per cent premium in order to get gold for export he actually stood aghast but the dread moment came gold went to a premium of a cent and ti a quarter and except for the telegraphic mention ol of the fact we should never have known the difference it dinow is TIOW in order for the sold gold whose whole soul has been wrapped up in the idea of parity one dollar as good as another etc etc to rise and explain it will probably be said that the premium was small email and that it was only temporary well how great must the premium be and how bow long must it last to hurl us down the awful abyss ot of financial ruin it if 1 14 per cent is no not t enough will 2 per cent do the work or 3 or 4 or how many per cent must it be the th e profits of the kyndl die te on the first secret bond deal represent a premium of 16 per cent on the gold furnished to the government even that bad as it was in every respect did not ruin the country it only disgraced it we expect to see eee a premium on gold a good many times within the next year and we expect to see the goldate shift his position concerning it as often as he has with reference to the danger point of the treasury reserve the reader will remember that for a long I 1 time the line was sharply drawn at on one e hundred millions then the line was lowered to ninety millions millio ns then to sev enty five and now it seems to be altogether indefinite so will it be with tho the premium on gold |