The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-04-29
PRICE or FRENCH GOVERNMENT STOCKS.

The lowest point touched under the revolution of 1880
was rs Tor the per and 49, % for Ss At the latest
prices lower than since the era OF the assgnats
and falling under continued disposition to sell at any
price The for this obviously the natural result
of the of the government the encroachments OF
which the rights of private property were daily more
alarming The effect Of the great fall in prices may be
tmated the fact that the difference in the stock
taken by Rolhschid last November, at TO- was AZ per
cent fi, 20O0 900 stering-say $2O00OOOO The house
Vienna took large Austrian loan in july lo7, payable
in instruments but they stipulated that the instaments
should cease stock fell below 3d. consequently they
released from subsequent insalments due Austria
The London Times estimates the whole property OF the
five brothers Roschd at t26 OOO OOO consequently the
single of the French loan would take one-sixth
Of it, If they paid up They will probably however. forfeit
their The desire OF alhoders OF funds to realize
particularly foreigners, is great, and with reason The
government issued decree on the 10th March, suspend
ing the Bank of France This has been followed by another
decree suspendng all other banks in France and Dor
rowing O00f of the Bank of Frances which item ap
pears the Of the bank for March 81 These IRE
deemable bank will become inevitably the only me-
dunn currency, and will finally become valueless, con-
stany deprecang the value of the public stocks Tor the
interest of which they form the medium OF payment IN
the tne the government resorts 70 lorceo ISSUES Oh
par Ofiese 200 to depositors In the
savings banks The then proposes to seize all
the railroads into its and issue cent stocks
at par the propretos M Louis Blanc has also issued
proje by which the government TO take all the shops
and factories in operation into its possession, re-
muneratng the in five per cent stock, at
par--the workmen be employed under the govern
ment, and diude the PROFITS for their wages lnese
three projects will require least $500 900 of6 per cent
stocks worth SO the dollar, the interest paya
BILE in deprecated bank paper This VIII raise the annual
interest the French debt to but the govern
proposes direct tax upon all funds and mortgages
the amount be measured by circumstances I'M
der these circumstances the panic in the funds not to
be wondered at particularly that it is also pro-
posed ALLEVIATE the private property of Louis Philippe
by issue of assgnas based upon them When we re-
fleet upon the history and nature of paper Credits the
proposed OF the provisional government are tan
amoun to general conscation of property the behalf
faborers While there appearance OF quiet there
FORE immense amount OF property daily leaving Pars
and the ability to meet engagements in France becoming
hourly difficult. large number OF bls drawn IRON
New Orleans Mobile Charleston and New York. must come
back agents of leading houses here profess ability
to take LII that comes.
The abundance of gold Russia seeking western invest
nent must swell the of floating capital migrating for
safety. England seemed the only country Of Europe that
offered the requisite stability but the Chartist and Irish
demonstrations that there thereas government
tai reforms remedy which, in tho process OF REFORM may
endanger property, and the capitalist however reluctantly
is obliged look the Atlantic, where the whole gov
is based upon the voice of the people, as the only
point of ultimate safety Accordingly United States stocks
demand there and many orders have been received
and executed by eminent houses for considerable amounts
Of stocks and the brought consid
cradle gold pay for them The influx of capital into the
u States these s however, in no degree 10 favofa
BILE TO the general interests the purchases OF produoo ano
these likely be greatly curtailed through the inter
rupton to industry Should, however, the war that now
appears imminent become general and the men and fields
OF Europe be employed for military purposes instead oil
raising food the production of breadsu be 20 far
tailed make the supplies from the United States the
only dependence OF Europe, and our shipping the only
means OF transportation navy being sufficiently strong
to maintain those rights that in former were trampled
upon by the insoencc Of England.
The has increased the dizziness before noticed in
the export market and very little produce is going for
pool, but Hawe. The packet ship ST. Denis
will sail the 18th proximo, with or without sOigh
With these light exports, the several markets are
heavy, with downward tendency in prices This
the case, however, with the general spring bust
ness which has become very brisk during the past week
The number of country dealers in the city IL large,
and they pay up well, throwing large sums OF country
money upon the market while their purchases are con-
siderable for the canals which will open the LIST proxi-