French Hoarding Gold.

New York Times 100 years ago today, October 4, 1912:
People Want to be Prepared in Event of a General Conflagration.
By Marconi Transatlantic Wireless Telegraph to The New York Times.
    PARIS, Oct. 3.— Alfred Neymarck, in an interview to-day on the scarcity of gold currency in France, said:
    "What has been going on in the last three weeks is simply a repetition of what happened at the time of the Agadir coup. It is a spontaneous general movement produced by a feeling of distrust, with which the high banking interests have nothing to do,
    "It is neither speculators nor financiers who are draining gold to hoard it, but the general public, who, since the beginning of the crisis in the Balkans, have been keeping a tight hand on gold coins so as to insure means of support in the event of a general conflagration."
    "M. Neymarck's view is supported by the Bank of France statement to-day, which shows a great diminution in the gold reserve. According to M. Neymarck forthcoming bank balances will show even greater diminutions.