, 1870-08-13
new YORK.
SpcculatiOnS as to the Effect of the
Suspension Of Specie Pay
mentS In France.
Decline IN Stocks and Slight Ad-
vance in Gold.
Eight Lives Lost by a lIarb0r
Collision,
Erecfa! Despatch II The Chicago Tribune.

ooLp.
IN" Aohe' aug. i--a"e ai"os1 UNANIMOUS
y! 1ne o.A " lae eo's hRs'Atl- anlnof-
ss ~. .ssa' =. pape1 en'1ehes ~ 'ne aaoont ot
,''. ..eu1Auu lui'"hs VI Han.s' "ascn saa1l pe
NAa.eaoet, 4'1' t.o"uee" N'ue sP:EeiaAon IL
eicee ~ :" tae o'ttn'Ase eueet o. tols
an- a!4'.At 'aeaau'ee VI .'s r'ee .! Boio: II tae
~. .'au'ue'' ..,,s issue "'t w 'o'
~ o.A.''' "1'a B's"an's .he eA.'1e a'aoult
u solo auo sasei ~ t'aacc "sea Us currency VIII
ts @ ~. - eu uut VI oIfcu.at"- IL elua"s eeHain
t'lat He1man5 *ala iolo" suit, anu that paper will
taAe inc pace OF INC PRECIOUS meta! II IS esti-
nated taat the amona' OF Rld and stlSes IN circl-
lauoa IL france Is $1St,o1Utoouty a1A IN Gefma15.
exclusive Of Auatria, upward of $4v, oe". .o{'-
liefe - the cRhflnDns amount OF ne1E7J ono
Thousand millions of dollars likely to fc zcmone-
tizcd or thrown out Of actise use Is currency.
specie pa5mcat Is already suspended in Aus
trla, tussla aaA l1Ais, anu OF all tue great com-
iaefclal haG1ons o! Europe, GFcat uFttalh alone
"1h be 1ikels 10 Keep on hatd basis The elect
I" these cnanRes upon Inc commercial world viii
uhoou"tesls ee tremendous anu speculation Is
n!e as 70 1helf character. inc natural result Of
suspension OF specie payments on the Continent,
aan the HaEaafa~al ol 81 Huch hatsa money from
c'fcaaaunn, *oo!d scetn u DC 10 cheapen gold
mere Already theorists on currency reform arc
sHca!atlnR On INC POSSIBILITY OF constructing some
universal paper s5stch'' *aefeoS Inc world can
get along without the cnmhrpus precious metals
as circulating medium This Of course, Is ono Of
the visionary projects which always CROP forth In
times Of great nnauctal ag1ta,,nn. In fne mn.
-. :. ,.,,.,,. -, -. f
1ace 1natketa to"<iayt ttest were lew features oil
Interest," except the return Of feeling that the war
II, Eurnre Will 1,c pr,toovcb .na rhIa n,a
i,s nvoe. -. 49,. 1, ~" ., ,",s ns'u
...,.a0 ~ S"s.s ~ 'us 'A..oes e4p'ea uola "As
eoo''e +o"'as, ana tue p1ace ADVANCED In
consequence of kilograms representing the ill.,
ptuyed military situation for the French. The
nrira n,n,o.f ~ ,,-I- orr.nso,. - s,s,. ,
P.tee optAe" =. 44sa' ahsnhccn 10 4stts aua
e'usea ~ Als- 4Ae 4A1es lAlA 1os carrying we're
3, aad Per cent The specie shipments to-mor-
row will be ahont Il. I'm, ,op'.
6ovERNMfS5R
The poyernrneut 1,on,1 ,n.,Eat ,raa nx+-orna,~
,u -, - - D,As N'"'Aes "%S sAttei1e.s
oal' AL" Prices "ete lower.
............ MONEY
continues to work with extreme ease, the range
OF rates On call Ioap5 icnR to1 r CENT 1,a1sncps
,.,trr tomnorar,,r ,.r, Of tho ,,;.as, -, ,., ~
'Ae s~@f'N@"' ~ a. '"e 'oeest 'ett9 "'lA AAe
Large dealers In government bont!s. There are
some moderate sums going West, though not Of
sutYclent Importance a. vet 10 taus,, any annr,.
ri.ha efYert an rntas 1hsra Ia r,o,,...,a 80
- - ea,,,,a.a,.,s 49, - " nap
fl9 VI eonlhetc!aa paper oneflnR. which u quoted
at GL1I4 per cent, according to tht date.
srocxs.
rnc s,oce mario. resr,.., .n,.r on, ,,4-..
"efe sto"e!: 1ae1e ate no new developments