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Show The Movements of Gold. San Krancisco Chronicle. While American bimetallists are busy lamenting the possibility of the loss of our stock of gyJd, Tuiropean nation which hare givife a their adhesion to the monometallic theory are compelled to buy from us at a sacrifice supplies of .(! yellow metal to strengthen their reserves. A fact like this should conclusively con-clusively demonstrate that no legal enactment will operate to retain in a country or drive from it the precious metals? Their How is entirely independent inde-pendent of legal enactments, and that country will h-ive the greatest supply which has the most articles to spare with which to buy gold and silver, for that after all is what tho settlement of trade balances between nations amounts ; to. If a nation has the balancs of trade j in its favor ainl accepts in settlement j t'o'il, it buys the metal just as much nl j though it had made a direct bargain for it. A comprehension of this indisputable, indis-putable, fict would save somo of our alleged financiers a great deal of needless need-less anxiety, for if they once perfectly realized that gold could only leave us to be exchanged lor something considered better they would not mourn its possible pos-sible departure. |