Show A GREAT GOLD SHIPMENT IT is not often that as great an amount of coined gold is shipped to europe as was done on friday last in fact we question if it was ever paralleled so great a shipment caused a considerable flurry not only in financial centers and among speculators but throughout the business portions of the country as well it is pretty well known that coin is rarely used to effect international balances or any others where the amounts are large such conclusions being reached through the clearing houses or by means of bills of exchange aud and the excitement which the shipment occasioned was therefore natural but as the sequel shows altogether groundless it seems that the bank of england recently added one per to the price of french gold coins and the french banking houses rather than submit to the increase withdrew their patronage and transferred it to the united states for the time beling being the result of which was a great and immediate draft upon our gold supply we were well prepared for it could have filled orders for many times as much with no more notice if it had been desired if this could have been given out before the shipment took place it would have occasioned no more interest or concern than if the vessel veasel had been laden with golden grain instead of golden specie but it tends to show in what degree the yellow metal holds sway among the ibe people of the earth its reign being so undisputed and withal so serene that an apparent endangering of its power by curtailing its quantity is looked upon n with feelings of suspicion and distrust the event is not likely to occur again at least not right away financial waves become smoothed out and the waters of trade seek their level in accordance with natural law and france having shown her independence of england will cause the latter to come to terms and continue as she has been the chief supply point but even if it should be otherwise it will be a good rather than a bad thing for this country since every dollar sent out in the manner spoken of will return with a cent or so added to it |