Gold bullion voyage shifts trade balance to New York
The Mariposa has arrived with 450,000 gold sovereigns, valued around 2.5 million dollars, destined for New York bankers. Sub Treasury stores bullion after testing, with potential saving on exchange and possible coinage into American double eagles. Eastward gold flow expected to boost New York’s balance of trade amid Pacific-origin wealth.
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Canada Seeks Aiiprotity Treaty With United States
Ottawa report says Minister Richard Cartwright heads to Boston to confer with British Colonial Secretary Joseph Chamberlain on opening negotiations for a reciprocity treaty with the United States. They will also discuss a joint British Canadian subsidy for a Pacific cable and a fast Atlantic steamship service, with policy shifts under the new Ottawa administration and changes to the proposed ship line and pacific cable support.
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