UNITED STATES.
TOO MUCH GOLD FEARS AS TO FUTURE. New York, October 29. Britain's insistence on paying for American purchases in gold is causing uneasiness and financial circles are beginning to favor granting Britain a long terra loan without ecurity, similar to the recent Anglo-French, loan. 'ihe gold payments for British purchases from America in 101G reached 90 n-illicns sterling. Americans fear Europe will find an additional monetary .unit, leaving the United States with g/oftt stocks of gold, for which there will be a depreciated demand. Thus there is a unique situation, Americans preferring British promises to pay rather than gold.
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Taranaki Daily News, 31 October 1916, Page 5
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101UNITED STATES. Taranaki Daily News, 31 October 1916, Page 5
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