, 1870-08-19
MONETARY AND COMMERCIAL,
MONETARY.

Io-days telsgTaphio despatchea present
sone new phases in lTussian finances which
may Lave tear,ug upon our OWL 1t now
appears that the Itassiau loan OF 120, Que. 900
tAaiers Was not taken, 10 was reported. Fifty
millions OF it we're taken by patriotic town
subscriptions, and similar nudes, uh,ch were,
IN fact, considered donations Tor carrying On
the war, but III tho prupcr eeEse OF floating =
gvSeinMrnt loan, it Has u complete failure.
lle 1Tuselan Guyerhmsut II in wAut uf
nonsy, ~ r., w., and a, j. trying TO dispose Of
N,a0W9 thsless of the original 12o,-
At the same time Il Is ma IL lmuHn Mat Pxus-
sla's terms Of peace are that France shall pay
eussiA's expense in the var, and cede Aleace
ma Lorraine. It is apparent that the fiuan-
cal Question bcg,ns to prcsens a SERIOUS ~
Pect u frussas. The war is gradually rosolz-
ne l1seI 4hto = Question OF c.sh, which will
place tTussia 1t disadvantage, bec.uss ler
lteople will not quietly submit to suspension
Of specie pa.msnts, or forced loac. The
more deEpotic ruler OF the Fferth Las aItesdy
Overcome that difficulty, aud has tho specie il
the Bank Of France TO draw On, which amount
eG to 1,ii9, ,ooo, ,0oo trane-or uca,iy $780,
oG0.Ooo-July y. Ihis il sum nearly ave
Gore1nmeut would roslsc, il it, III, ,ooV. .u]o
thaler loan Was all negotiated 1t the ptieo il is
oHerea Tor lInssiA t3-slreadv hard pp :"
:, fe1 ! ms1leyy, and, therefore, cannot stand =
lrot1acted var no well ~ France. In q feN
.Bteks uoro Prussia would bs obliged to make
pescet or attempt to make forced loan from
1er oHn people In Tie latter event, good
&c oeal ot monoy might seek refuge in Initial
states bouds, hut = S6o1 many pouds wouiI
aiso 30 sent home, AID thu. affect tGe,y ,,.icu
and the Fr1ce OF gold. At all events. the
present situation shows that tho financial
s.s lass''on 1,, uuet 1iake Russia desire pe.cs
eocp, wllllo, IN far as cash is conc.rnoL.
France can carry on.tlc. war much the longest.
and Will scarcely make peace on anv ai,.i,
terms ~ demanded BY Prussia,
From our London dcspatches it anpea,s
that the question vi Al international m5i,t-
tasy nnit IL still being agitated by the banks
OF Europe. The unit now proposed IN :
twenty-five fralc piece - 900ths tlue," that i il
nine parts Of l'uro guild, and one mart of
alloy. which corresponds with tho presou,
hrtnneFs Of American gold coin, aud wpuil
be coin Of about the value OF sl5j, aud 10
aEree With that AZ an international unit our
quarter eagle would hAve to be redurcI 10 a
value Of Sl.e5. The more infinite relations
Of all the principal commercial nations of lato
yesrs hss rendered some sort Of uniform unit
Of yaiue necessary. Tho copper coius
OF Frsuce now pass current III Eu.-
l1nd-8 sou passes for au Eugltsu
half penny, and t*o-sous piece for peuu,, ),
AUD thczo Is popular desire in England for 8
now English coinage Of sen-penny aud live.
PC4A3 ltLkC2I 4AAskEAG VI t1E pltf1Gak kNGlyS
and six.penny pieces An English five-pvupy
piece, French haif-franc riece. aul tmtcd
! States ten-cent coin, all Of silver, 10 nearly
correspond in value now, that a very little
alteration would make all thrse: lisisILle L5
the sano u,it Of value
1h local finances everything vas dull 10.
day. The demand for money was uot M NJ.
two: the1o was lighter couatry demand IA,
currency, and apparently less exchause uak
ing .ngstnst ehipme ents Of graiu. Iu this p,:1
OF the country a'l business il, in rIcai
measure, dependent On tue move
ment and prices Of b.exla,ulIs
Int the war il Europe has uase,tlss
all calculations. Theoretically there ouvht tt
be N active foreign demand TO. our wasat
and willie the make Ia continue dull auu vi.I
but little legitimate consumptive demani
holders Of grain are still III hopes OF il.
Several OF the banks have m1ue stsnliu.
on'ers fof daily remittances OF currency e ou
New York. Tie receipts from there dutiut
tho rast few days havo mado barter euvpl;
Of currency he1a aud ttltfoaed the pr1ce o
exchange, Which soll between banks, to-Jsy
At fro1u l.o0 to BIC per q, 600 Oh. Ii tn,
counter BANKERS sell al lilo rea,iu1n and bu,
Al l.5u re1 IL 0UO OF.
Tue follo~ing quotations for gold in Nov
York aud securities in London were recsiye,
IS BAlratt 4 March.