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Show liilLI) I'UJIINO (JIT, WW Europan Bankers Agree that $300,000.-0C0 $300,000.-0C0 ia Bullion Will be Soutto Amerioato Pay for Graiu. A SILVER CEI3I3 IS PKEDI0TED. A British riuar.cior Says it Will Corns ia Tobruary nn 1 That it CaiiUut be Averted. I.omiOS, Sept. i:. A representative : j of the Associated l're.-s had an inter- I view with the Kothsehilds, Speyt-rs. ' I Laard Fros., and other banker", and j j they ail alined in their statements ', j that further large shipments oi gold ; , were ttuiujf to Ametica. 'iiit; lloths-i j cbilds dispatched an additional luO.'j'IO ' j pounds today. ! In an interview with Robert Ciffen. ' i l.er.d of the comnKTcial departiuot J Hud comptroller of the corn teturus of the liritish board of trade, he w as i asked what truth there was iu the cal- j dilation that Filmland and the contin- j ent would be forced to part with oid i amounting to ti0,00l!,l)00 pounds to pay for the imports of American graiu. j (iiil'et) ridiculed the estimate. 1 He said that beroro 10,000,000 pounds in bullion had been Bent to America, botii the Lank of Fngland aud the liank of France would raise their rate of dis-eunt. dis-eunt. aud cheek the drain. According to (iilTen, not bullion, but securities and export will go to America to pay i for ifrai'i. j ' I.'niloubteilly," he said, "there will ! be a heavy drain of ftold for several ! mourns io come, out; payments tor j grain will be the solo causa of such ! drain. An important factor in the ! financial situation is the silver question. American houses are making prrpara-! prrpara-! tions to face the silver crisis, which is now inevitable, by making goid the purchaser iu Europe." j When asked if such a crisis was in-i in-i evitable, GitTeii replied: "In my otiin-ino, otiin-ino, it is impossible to avoid it. The United States has become overloaded with paper currency. The issue of silver certificates to the amount of 12,-000,000 12,-000,000 pounds sterling annually was a gross legislative mistake, and is bound to bring a crash speedily." In response to an inquiry as to how soon the crash he predicted could be looked for, (iitl'en said: "February will probably reali.e the worst of the position. posi-tion. I do not see how the trouble can be averted by remedial legislation. There is hardly time to avert it, even if the parties in congress could agree upon the means." |