Gold at Last

International

Until last week the standing joke about the B. I. S. (Bank for International Settlements) at Basle, Switzerland has been that its vaults contained only one bit of actual money--an antique 25-c- U. S. gold piece. The B. I. S. was created to transfer by bookkeeping methods millions and billions in all sorts of monies between central banks. Lately a very few bankers decided that the B. I. S., as the only bank in the world not responsible to any one government, might be a good place to keep gold. In its monthly statement last week the B. I. S. revealed that for the first time it is holding a relatively small quantity of gold, slightly more than $1,000,000 worth of ingots.

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