Show HOW GOLD IS EXPORTED packed in hard wood kegs sealed for security the process of shipping gold across the ocean ie is thus described by the boston commercial bulletin each keg contains con taine in clear gold it is from the bank of america at new york that most of the gold is hipped shipped from that city the foreign steamships bailing bailom fr from om boston new now carry little or no gold although the reverse was the case years ago the shipments of gold are not generally on the baake banks account at a first glance persona persons might well suppose that when the demand arises lor for gold golato to end send abroad the shipper would only have to his hio order for his hundreds of theu thou to the sub treasury where millions of specie are on deposit but there are sufficient reasons why w hy this plan will not work the sub treasury can pay out its coin only to cre creditors ditora of the government with the bank of america the associated banks keep on deposit constantly an enormous sum of gold sometimes amounting to 40 I 1 to the members of the bank association the bank of At america issues its own certificates against these there deposits redeemable on demand so when there is occasion for making a geld gold shipment the coin is prepared for that purpose ose in the rear office of that bank tere here it is is ba bagged ged and begged and made ready for or abiam shipment nt kegs in which gol gold ia is packed it specie kegs as they are called are made of extra hard wood they must have an extra iron iron hoop the specie is not thrown loosely into a keg nor upon the other hand is it carefully wrapped in ti tissue s ul paper and aled piled up one coin upon another the keg eg serves only as a pr protection for canvas bags begs into thich the go gold isy ia placed laced in the ordinary hit and nod who TOR fashion of pennies in a mans pocket into each bag go and ten bags fill a keg in the interests of security each keg is treated to what is technically known among shippers as the red taping process at each end of the keg in the projecting rim of the staves above the head ara are bored four holes at equidistant intervale intervals A piece of red tape ia is run ruil through these holes crossing on the head of the he keg and the ends finally meet meek in in the center at the point of th meet beet ing the tape is sealed to the keg aega P bead head by wax hearing the stam stamp P of the goit ab shipper per gold crosses the ocean very much as its does every other kind of freight without any special looking after the average rate of insurance Is is about 2000 on a shipment of there thero are shippers who do not insure having to ship they give it in equal parti to bal half a dozen diffie different rent vessels it is a strict julf with some firms never to trust more than at a time on any ship A certain party furnishes all the kegs for gold and packs them the man who does this is is a monopolist in his way shippers of large sums always lose a few nofare by abrasion but not exceeding sixteen ounces on ou a million dollar sh shipment i in ent the only protection to be found against abrasion liea illes in the shipment of gold d in bars it ine teed istead of coin gold bw are ore net not readily obtained |