Norman Coming

On the high seas last week was Montagu Collet Norman, governor of the Bank of England. On his ship, the Aquitania, was $7,500,000 in gold coming from the Bank of England to American Exchange Irving Trust Co., Manhattan bank.

As Governor Norman has headed the Bank of England for eight years (the pound sterling was down to $3.20 when he took office, is now back to its normal $4.85) his movements arouse rumor, speculation. Financial sharps reported that he intended to visit Governor George L. Harrison of the New York Federal Reserve Bank, surmised that the two Governors might discuss some method of preventing further movements of gold from London to New York with out resorting to raising the British bank rate.