OCR Text |
Show The exports of gold have been attracting at-tracting attention during the past few weeks. Sitice the first of April the stock has been reduced J'.'j.OOO.OOO, and there seems to be uo prospect of the outward How being checked immediately. immediate-ly. Some of the gold alarmists profess to see great danger in this, but the fact that it occurs without any inllux of silver sil-ver seals most of their mouths. If we were importing a few millions of silver mouthly this export would be dwelt on I by every goldbng in the country, but uuder existing conditions so emineut a I monometallic as Director Lr.r.cii of the mint calmly assures the country that the matter is an insignificant incident of commerce. IIo is eminently correct iu this, but if tiio movement had occurred oc-curred when silver was up to $1.15, the entire single .standard contingent would have joined in a cry that the country was going to financial perdition. Just let it be borne in mind all the time that neither the exportation of a few millions of gold nor the importation of a few millions of silver can hurt us. We do not want to loo either, but the people will insist that gold exportation shall not be used as a club against silver at auy time after this oliicial declaration that the sending away of $2r,G)0,000 of the metal is a trilling matter. |