Show I i Curb for or Gold Bugs II W- W WHILE Hl HILE E the g gold old holdings of the United States are far gr greater ater f t. t than those those of any other nation or in fa fact t ti of several countries countries countries coun coun- tries combined and much larger than at any time in he the history o ofA of A erica previous to the later months months' of 1919 there is such a persistent drain dram although co comparatively light that financiers hive have bc begun a un to discuss th the advis advisability of placing an an emb embargo upon gold golc S 'S t I Europe is I If sitting tight on it its s' s told gold old holdings in iii spite pite of the heavy balance a against gain t her in iii f of this c country count Y YUt while th the Ut United States is the only free gold market in the world and is shipPing ship hip shipping hippi pi ping g gold to the Orient and S South Amer America c in payment of trade de deLts ts t t N Not t only is England for for ex holding onto what gold golc it possesses possesses after havin having sent the greater part of the billion dollars in I gold old gold to the United States in the e early stages of the war var but in or Ord order JIt erto to replenish its its' stock of f gold is paying a good premium to So th African miners mine is s 's for fr the yellow the metaL yellow metal i f f This British premium it seems also is at attractive active to to some A American ex exporters ft s and financiers who are willing to sacrifice the cr dit of t their country that they may make a profit through ex exchange x hange operations or or or in iii premiums I I While t the le gold situation in rea reality i is a a a test or of Americas America's cl claim 1 lm im as a free ree gold old market ar et and the ability df of f the United States to top p ply play y the tIle r role of international b banker i ij It would seem advisable fo for forth forthe th th the i federal g board to issue regulations whereby where y gold sold might be el taken f for lr export export ff orif only y on on affidavit vit of the shipper that it is is is' for forthe J the of tl ng a r 1 purpose a bona Dona fide debt I With the gold bugs cur curbed d ern in such a manner it is Js believed th t all legitimate te transactions ansac o necessitating e e the the exportation of g gold ld c co ild ld be taken care care of without endangering the country country's reserves reserves s. s |