Abstract

How a War in Europe Would Concern US
May 2, 1867 issue

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This article focuses on the effect of a possible war in Europe on the U.S. It is self-evident that as long as the U.S. bonds can be sold in England or any other part of Europe for a better price in gold than they will bring by being shipped here, they will be sold in Europe. The price in gold that bonds will bring in the U.S. market depends upon their currency price here and upon the premium on gold. A war in Europe does not in itself present any contingencies likely to affect the currency price of the U.S. bonds, and the U.S. may, therefore, safely say that the price which bonds sent to the U.S. from Europe will bring in gold depends exclusively upon the currency premium in gold.

See Also:

INTERNATIONAL trade; INTERNATIONAL relations; BONDS -- Prices; GOLD standard; WAR; EUROPE; UNITED States
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