| OCR Text |
Show Tite past week in financial circles has been marked by a feeling of anxiety, growing out of the extraordinary extraor-dinary How of gold aboard; a feeling which, though it has greatly decreased, de-creased, has not wholly disappeared. The drain this year has been nearly $4o,(KK),000, occasioned by the necessities ne-cessities of foreign countries. It is a great deal that the United States should be able to relieve the European listress to such an extent, and it may be said that in contributing to the relief of the necessities of Europe we are probably averting a continental i catastrophe, w hich might be neaily as fatal to us as to Europe. But this feeling of pride in our National re sources is not sufficient to allay all the fears produced by the grave financial situation abroad. The be- lief that Europe cannot hoard this! ; gold for long, that, when it begins to I j buy our wheat and provisions to sun- i j ' ply the deficiencies of its crops, it will be obliged to part with a large part of the gold drawn irom America, has served to diminish in some degree the fears caused by the outward movement. move-ment. ' |
