The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-27
fs7,l92,l62

BANKING DEPARTMENT.
Pro Pr sia.sss,9oo Government seeu
Public deposits, dead weight an
Suer bills saving oher Securities Il" isslsYss
sio 9e Of Saon co osds silver coin 5soss
ehsr dsTRsssils;.:.;. nis'sSs
other blls...... lool,74s
Total .:...... sO7,os2 Total..... 1885, ,os2
N'' : N. MARSHALL Chief CASHIER
from Galeguanis Messenger, October III
money market was very fiat yesterday, the spec
uators aPpIehendsd new rise Of on the rate Of dis,
count Of the Bank Of England. But as Consols had
eighty improved there was rally securities.
Nothing officially known about the result of todays
sitting Of tho Directors Of the Bank Of France but
tanned at per cent but the bank would the
measure concerning the bills at 70 days date.
&c., and the other securities remained at the range Of
yesterdays prices. reported at the end OF the
Boure that the Directos of the Bank OF France had main
tanned the which they had taken last week. The
Railway shares firm, but without much business.
Nothing particular in misceanies and foreign stocks Tho
From the Liverpool Journal Getty Articie), Oct, 1871
The embarrassed state Of the money market has found
no leiie duirg the present week. Whether the drain
Of gold is attributable to the casual necessities Of the
quence Of proactcd and expensive war; it equally pre-
JUDGES general trade and the recollection of its runous
possible noes now, which The knowledge that
every country in Europe has during late years. largely
inc,eased its gold circulation cannot entirely aIlay
further advance in the rate Of discount by the bank a
ready raised to 5 per cent expected yesterday and
the absence Of such measure, arguing its being
cessary, has already tended to increase public conf
dence. Perhaps previous occasion has pressure
like this the finance Of the country occurred, when
the stocks of produce have been small or when there
was SO general an absence Of commercial speculation
excitement The demand for cotton during all the pre-
sent week has Leen almost confined to supplying the
present waits of the rade only 5000 bales been taken
speculation for export and the total sale have not
exceeded $50 bales To day there is rather de-
precious rates. American descriptions have been offered
very freely and they have declined fully I'D per h.,
sales having been partially made at greater conces
sion in prices. Tho authorized quotations for .fr'
American uniformly reduced I'D, per ID. Brazils
aid Fgypanc only in limited request, and they too
hrye declined about I'D per Id.
CONDITION OF THE BANK OF VIENNA.
Vienna (Oct 81 correspondence OF the London Times
h The measures which the finance department has taken
for restoring the credit Of the bank have not produced
such favorable impression the Vienna exchange as
might reasonably have been expected. Up to the year
1873 thing that could throw any light on the state
Of the public that but few persons knew any
thing Of the relations between the State and the bank
Since the revolution the public have obtained consdera
BILE insight into financial matters; and, The subject
one II importance comprehensive though concise
count Of the relations between the bank and the State
will now be laid before you.
In consequence OF the discreditabe "Fnance Patent
of 1871, the country was inundated with State notes
the 1st Ct jane 1876 deced that quantity OF them
the nominal value Of 1C0 000f should be withdrawn
from the circulation. In order to effect this,
solved to establish Discount Bank. This institution,
wbish the present Austrian Bank empowered to
issue 100 shares each of which to cest 0OO in
Vienna paper currency and 100f in lard cash. In July
1876 when the carried out the value the
State note representing C00f had sunk to 204a in
yentional money, 20 that in reality the bank only
ton, which had many privileges, prospered and
the I'd Of March, 1890 It undertook to redeem all tho
base paper still in circulation, which amounted to
4o s25a at the fixed rats Of 1oOa in notes
silver for .5oh in State notes. That the affair pro-
its working capital by selling $40 Of the shares
which II stil had in hand. At different times ous
dea,s took place between the State ard the bank;
tion founded the State became the debtor Of the
bank TO the amount Of 81, 600 o0oa After the year
and at various times the bank advanced S. 900 OOOa,
Tor which sum: on the 23d February, 1852
As the bank had such eood security for thy s
mentioned IS 0CO c0Oh tho state only paid per cent
interest subsequently the State incurred another debt
OF A. Geo C00f for Rchs schdschene (exchequer bls,
which the bank had withdrawn from circulation. When
the national lean raised the Finance Department
find that the state had borrowed so 600 OO0a from
the bank since November last The State is iniebt-
ed to lie hank $40 o,oooa. As you are aware the
State will cedc domains TO the bank to the value Of
100 eco 0Cof., Tut the latter viii no longer have
tie salt works security for the above mentioned
55,CC0,0CCf. The Finance Department has also
nounced that the per cent interest the SIS 000a
will no lcrger be paid, the bank will receive the
the transfer Of them is made. 1t appears to
be the intention OF the Finance department to reduce
It's deb TO the Bank either TO so COO 00oa to the orig
nal Of G., 0C00Coh The Bank Ia evidently In
better position than il in fcw Gays since, but still
its thnes have fallen. Among the reasons given for this
part or Of the whole of the State domains be con-
cluded without the approval of the imperial admintra
ton As no interest will in future be paid on the
sp ailer In my opinion neither Of these reasons is
satisfactory. It is natural that the Finance Depart
ment should watch the sale OF property Of the
state and that 1t is not disposed Of for less than
its real value, and IL will be strange indeed II the
Pank manage to get per cent per out of
Brck as appears to me at least has done his utmost
to esore public confidence but the reckless improydnee
and positive d honesty Of the Finance Department after
the great French is still well remembered by the
Austrian mcneyed world. When the expenditure no
stored but certainly not before Within the last four
five years tho value Of landed Ierty has increased
ae ~ e s Sv nul ans
lists to ranmute their Seae and bank paper into real
property. Reliable information has to day been given
that Tie matter OF the Mortgage Bank Is SETTLED be-
tween the Minister Of Finance and Baron Rohsc!ld.
THE FOOD QUESTION IN BELGIUM
The Aonite,r Bcge publishes the following circular adj
dressed by the Mnster Of the Interior to all the govc
mons OF pIovinces:-
NJ. GouvrRSEuR-The high price OF articles Of food
las placed all nations and Belgium in particular, in
situation oalamtous for the people. This situation pro-
Icy awaiens the most lively and constant socudc Of
governments 10 meet Its exigencies II Is fitting that oil
CtEfecf q inc ruminstrhtiNe HieTArrny sn0Hd snow
tlt mseyes active ami more intelligent than ever,
ard ,uld exhibit that real and devoedncss which have
distinguished the authorities Of Belgium during the
crises which the country has passed through in the
course al ten years.
The starting point in studying the wants which are to
c sasfed exact knowledge of the yield of the har
vcs, this year. have already invited you to transmit
10 me the fullest information you obtain on this point
the 10th OF October especially concerning wheat
81 cit rye, buckwheat and potatoes
i recommend you to exercise the most scrupu-
Ions care rs TO the exacness OF the indications which
IN mn nd
me general sketch Of the agricultural situation Of
province. -. a.. -.
% The quantity Of corn the remains OF the last
harvest which e stii in the hands q the farmers
cIan.s FOR this purpose consult the most experienced
sn monu the chiefs the various departments Neg
lert useful information upon this important matter
and keep regularly oa covran with all that relates
TO 10.