, 1870-08-22
THE WAR IN EUHOPE.
The Bnnk OF Frunco-Its Suspension
OF Spcetc Payments and FtnRnclnl

The Bank OF Fruncc-Ita Suspension
OF Specie Payments and Ftnnnclnl
Condition.
The New York Tribune, in an article On the
suspension OF specie payments by the Bank
OF FI1Ece, g4sA:
"The grave measure Of suspendlnG specie pay
ments, adopted by the Bsnk Of France, Suggests
iuqulEI .h.o The alalEs al tnat concerl. The
bank iK-.cssest on the s5th ultsmo the large SUM
Of fsss, ssAs IN coin ani bulltoa treekoninE
francs 70 TIC dollar, ptnttc the notes issued
aInuunleh n 93S 45s,t9Q, about tho circulation
Of The National Banks ef this country. Tae de-
poSlts IN I.alts aud the Provinces amounted 70
si1d,f1 ,3s61t, which illustrates the widespread
Interests Affected t'5 the course adopted. In both
p11rAre and commercial c1rclea- ..
The statement alive quoted proves That the
hank Is In ptrtectl5 sotsent clndiuon. Il y.
thefe!orr, only as sFar measure Of The most tr-
gcnt character that the present step c1n be ac-
cuuIted for, the Directors having until quite re-
ce!tty nos even de1gned to take Into consideration
the suggestions Of some Journals Ia 1avoE or s1s-
pensiop. ...
There have, however, been naaag indications
that The h4nE was drifting toEari SUSPENSION.
notes. lhe bank last month tu1k aityAuta1e OF
silver still belng leSai-tecIc!, 10 set nd Of the
s3s - q sssr S9ln thss is' nas
notes it gave aalI IN Ee1l AID half in silver;
tLcu 1t changed. and gave per cent IN gold,
na 2' Per o CIT ~ syrs. .1S1 na sn s5
rest In 50 franc t,otes- There WAS moth
tag Of cturse to prevent the 80 franc notes being
the ho1ters we're relMbarArd entirely iu silver.
The bank thus did Rood st,oks Ut business, but
the rubltc Hfte anuo3c al being obliged 10 re-
almust forgotten tlye-fraar pieces. ,toues.chaus-
els, OF whom there are a multitude IN Fufts, were
on their part, however delighted with the resolu-
'ian Of tie bank. They leriest +" fancy prices" on
The public Who waited Eo:r' fur notes or silver,
and received 10 i per Seus. PREMIUM III their
EnpF" Important dealings.
considerably elgsgcti the Intention uf the French
press III the Lktafs, u. Leon Say wtll-knnTn rnr
nie E1!tuss un Fo!ltlrai etusu'Ms. sa1, On
III tut s::on ct establishing fnscetI currency:
"sls unfortunately happens tnat ine:,. are many
PEOPLE who rexke to neastn when you talk to
:ltsm Of fInssia, and who would aet the Nest
1ata1 INJURY be t10ne 10 1elt country II could
coptrisc to give srh acts the false ctlofs Ut ps-
GiVt:sIu. furceti CURRENCY means bankruptcy, II
ts the aFH~al n{ impotence an,t wcaknea., aa.h
We are 10. strucA By either or the othcf: such
Is What shcuId be satd III a spirit " patriotism.
fGr 1t Is ~ our honor, and It Is lruc. Gn1lsr Prus
s:ar Vt have co1nuctce which she pre.in,!nsr1es
=s!ule IT pen, thcfc arr people who Wnu!d have
Ms l1se the advantage Of iaas atMlrabEs situation.
Tp s3,ss e. - wo1d ass b. 1 stnp anss f III Bank
1.4E. COO 90 III natcs; and they would have it
t'nhlcly fHti ~ Meel IT. eiEasetaenss We cun
.n!s ftptss that tbs Ton.a IL foliS; they may
huFc ftr 1t In Prussia, but 1t will not uc:ur 1n
France
.He proceeds to argue tha. Prussia could not
~:thtraw gotl ffurs France without 9ssing an
c9uvRlebt. which hostslites zenIcr It Impossible
:ur ter IL no. but e fxuo:es tho fact that the bank
wt'uJl 1ays IL conten'l with The acnaard fnr cotu
xh'sh n'iNlsry styeEscs wt'uli aznuse among
French hntehofLers atd fenosith56. Evidence Of
THIS IS seen Ia the run on last filthy TAD Satut-
'lay, Whet. some persons bad to walt i've hours fur
'sir turn Md 1850 0oo francs III cola were paid
out lie concludes by iemarEinE that OF the Sc
.Httes held III P1ussta tacrc as hGt ane Kind uego-
!ssh,e ahI. ai. that +. American bou.ts, hus Il
In 1r1,