Salt Lake Tribune | 1917-11-20 | Page 6 | Export of Gold

EXPORT OF GOLD. The embargo n.'tinst the exportation of gold w:i? rniod the other day to tho extent of allowing two and a half millions mil-lions of dollars' worth of tbe yellow metal to be shipped to Chile in payment pay-ment for nitrates, but the amount was not large and our reserve will not suf- for to any appreciable exfent in eonse-quenee. eonse-quenee. We may be compelled to make other payments in gold ft om time to lime, but !ho sums will be small and in the main the embargo will be enforced. Si n-e we have taken u the work of financing (Jreat Britain and the allied nations, imports of gold have pra'tienlly i-eased, and Jt may he that our resere lias reached its maximum. It is a very Wealthy reserve, however, and if we are vefnl in keeping the grea'rr part t-f it together we chilli be in good financial fi-nancial condit ion at 1 he dose of t he war. The lenks to .fapnn find Spain v. ere v topped some time ao, and no other country is attempting tu draw upon uui xtorr- of gold. The Mrl" dab Fnt to' ' hile does not count. There is ery lit- tie of tbe vellow pioe.es of money in cir- j eolation in any country in the world i just at the present time, and we dare Nay it will be .onie yenrn after the war before they iv ill aain come into general gen-eral ue.