The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1859-04-02
FINANCIAL AND COM MERCIAL.

From present appearances, 10 not very likely that
there will be much foreign capital brought into this
country, from Europe, for investment during the ensu
ing Prom the following article, which copy
from the able financial reports the New York Herald
will appear that nearly government Of ope in
comon with number Of others, is in the market fer
loan. The suhjoined article well worth perusing as
1t viii give US insight into the poverty nations
mot the least important items Of the news brough,
over oy the last steamer relate to the loans of Rus
STA and Sardinia The latter is safe have been tax
by Paris banking house 80 the 81,
francs or looJOOO dollars, and the interest is per
cent The Russian loan is only just announced 1t is
to be- it is said 25 200 600 dollars; and the Emperor's
government is in treaty with the Rothschds for its nego-
haon That firm is negotiating the Austrian loan
OF 3OoOn 600 dollars, which put
per cent Another 10 N in the London market and on
which 30 per cent had been paid by the takers the
new CHILEAN loan Of .5oo.C0O dollars. Peru has also
oeeh IN the London market for time. She desires
to consolidate her debt aud securities
an amount which is variousy stated from 25e00 ocO to
oo,OO0 dollars in order pay OF the existing state
bonds Finally the new government Of India to
borrow $1,000 coo doIers pay for the expenses Of the
war. This loan, Of course, and that Of Russia will
mand high price Thus Independently Of any portion
OF the United States loan of 1876 which may be sent
abroad the people OF Europe expected lend the
governments this spring about 1900 0oJO for thirds
VI nch thsy wiii get out per c, nt on their actual
investment. while the other third they will get from
S. 20 nse The fact conclusive againgt any revival
Ihs spring o. any European investment in American
securities; Europeans will lend home. II is further
instructive, ss showing how fairly American credit
stands at the present time Notwithstanding the sys-
enac Efforts made by the bulk the journals Of Eu-
rope 10 traduce the United States and misrepresent
their institutions and the close
between the dynases and the financial magnets
rope IL pretty clear that, with the exception OF Great
nraih hersei, no European nation can sell her bonds
10 Europeans as dear AS this country can"
The bulk of money thus be raised i'll be expended
both by Sardenia and Austria in works Of fortnca,on
which yield no revenue. Russia may spend large
en- her railways but still the possibility Of renders
large expenditure necessary for the maintenance OF
the army, and many OF the millions she is going
borrow be used pay idle and unproductive SOL
diers. The Indian loan, OF course, will go pay the
expenses Of the rebellion aroused BY the msgovernment
Of the company. Temporarily, all this money will do
good. by giving empl'ym-n ts the idle. and feeding
hungry mouths, but in the long will be found that
OF it will have been wasted.
still further intelligence from Europe is, = Prince
Napoleon, the advocate Of the policy in the Cabinet
resigned his position Minister OF Aigers and that
article favorable to piece had in the Yoniter
IN consequence of which funds both In England and on
the Continent dvanccd fully per cent; The Princes
resignation caused by i NJ Of opinion with
majority Of 'ie Cabinet, though. the Emperor himself
holds TO the polio advocated by the Prince and atho'
lie regretted his whdra~el from tie Cabaet yet con-
scented ;s 1t rattle than disclose his full views By
therefore regarded only Temporary. Il is evident
under such circumstances, that his retirement 10
gaarane- for TIE continuance OF peace aud the p=are
article in the Notsuy Doubtless intended to give
pacific aspect 10 affairs until the Etaiprrr
fully his plans. The sudden fise. therefore,
funds may be regarded merely SPECULATIVE and Of
short duration.
Since the above written have two arrival. 81
foreign stesneGstfe Kaug-roo and the Persia-rroui
the news brought date the l9h. II is
dent from the OF the public press both England
and the c, utin.ut that pacific measures have vet
been proposed either by France or Austria. wArhAe
prep ara;ion. sl going without any abatement,
and funds hsye again r-ceded the lowest figures The
resignation OF Prince NAPOLEON, instead being q p-ac.
nou- mat, IS now regarded extremely v2rk. from
tie fact that TIE Emperor has sisnied his
create lin vicersy Of Aigiers. Rumors both ~ArIike
and peaceful daily circulated in r. gland and France
for purpose. 81 speculation scarcely any Of which de-
the least credit. The prospect OF peace
gloomy
The Banking Law Q: Indiana appears to be lam in
reference 70 providing sdquste penalties Tor issuing
unsafe currency Remember hat Indiana bank.
good uaie.- by public stocks. ,,he State
Bank and Branches excepted Look cat, then ,or In
diana slim Pissters
CorsGe-s having adjourned without making any ap-
prOrria:ion for tie Pot Oc- Department. ali claims
f'r mail service will therefore. Only tn.
She postal revenue FOR the deficit, depart
~i issue rants she L. : Treasury payable
when tie next Coug-es. shall have made the necessary
appropriation to meet them. Thes. warrant. viii b..
without interest,". A. there law authorizing sue
issues their recognition u be the mercy OF cougreS.
Under these CircEmstsucs it i feared they si .oon
60 begging in tie market Al r-inoUs discount.
We are Informed Of some heavy irsnsactions in real
estate ia Chicago, CURES which indicate confidence
in the permneIcv OF present prices Movements
is evident from tie advance in lake shore residence pro
per,y a. we'll a. business lots in certain locations.
Exchange is mors stringent and is firm at u. Dis
counts remain the same A. Iss; se,k