People's Pilot, Volume 3, Number 20, Rensselaer, Jasper County, 3 November 1893 — OUR GOLDEN EAGLE. [ARTICLE]

OUR GOLDEN EAGLE.

Value of American-Coined Money at the Bank of England. New York, Nov. 2.—The Bank of England has reduced the price of American double eagles to 73s 9d. The meaning of the Bank of England’s, action in reducing the price of American gold coin is interpreted here as. being a move on its part to protect its supply of sovereigns ia view of the threatened withdrawal of gold from the bank in the immediate future for shipment to the United States, which Landon seems to consider certain despite the fact that the current rate of exchange does not admit of a profit on such transactions.