Evening Republican, Volume 20, Number 282, Rensselaer, Jasper County, 24 November 1916 — SWAMPED BY FOREIGN GOLD [ARTICLE+ILLUSTRATION]

SWAMPED BY FOREIGN GOLD

These are busy days at the government assay office, connected with the United States sub-treasury In New York city. More than $600,000,000 in gold bars have passed through the processes of this office and now the office ds being kept busy both day and night. in the case of foreign shipments, most of which come from France and England consigned to J. P. Morgan and Company, the fiscal agents of the allies in this country, the gold, in huge bars, worth approximately $8,500 each, are shipped by express. The bars are unloaded and conveyed to the assay office under heavy guard. Once in the office, a sample assay is taken and then the rest of the gold melted down, refined and recast into large bars again. — —- Besides this foreign gold the as»ay office refines old gold and silver for jewelers. This business Is quite large at the present time. Mr. Vernle M. Bovie, superintendent of the assay office,. .signing a ten million .dollar check for a shipment of foreign gold just received.