Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1871-10-26
rho Financial situation.

,,,,jv testing to their soundness and sta-
,I;tr The arrangements in the Euro
Yam money markets, growing out OF the
..3omnitv settlements between France
"A Germany, have caused the bank of
rooland to advance its rate of discount
three per cent, within three weeks This
,,5den fuctuation of the regulator of the
u-,rlds money market, occurring stimuli
,,neou.ly with a scarcity of gold in the
American market, aggregated in it's eff
fsnts by artificial manipulation, was pro-
5nctiye of some uneasiness, and caused
an advance in gold and decline in the
value of Government securities. VIII n
The price of stocks fell off in sympathy,
speculative attempts were also made both
At London and New York, to depreciate
the value of the new five per cent United
States bonds, with the intention of crea.
ting m apprehension that the subscribers
to the loan might repudiate their engage
ment7, and thereby cause embarrassment
to the treasury in tho redemption Of the
hundred million Of fye-twenty bonds
called in. This had temporary off-ct
and aggravated tho prevailing unsettled
feeling of the market. Added to all this,
the banks IN the olt'es were rapidly losing
their reserves, and the loan market was
steadily Verg'ng towards "hat seemed az
inevitable stfin8eney' Ano'her clFoun'-
stance tending 10 aggraVate the oad 81 na-
ton OF sIialtS' was inc aomof"l'Z ''lon
growing out OF inc exposures OF the corr
rupton OF the Ne" YORK CITY govern
ment, involving not only the credit OF the
city, but also the possibility that the mem
bars of the corrupt ring might break
down in certain stock speoulations, and
possibly carry down IN the f"i' one or TWO
banks.
Fears were bong dIss'pated and
confidence was returning IN hoancmi
circles when business AFFAIRS were again
shaken 10 Iheir centre ny ne Occurrences
OF one or the greatest col'm''les tna' na@
ever Ooi'I'en a immunity " mn 'n'
'n''' Tp'I7 VI '"o '"y WIG ','" ''
city "' Onle7-" was l''1 IL "S.es' " ,7'
tA'ng mo "no'o "DS'N'TS P0i ''ou ~ Tue
o''y' IL Is '".Iy ye, Ps'H'P7 ~ - III We
the money V"lne OF 'oe properly destroy
ed' Tor the d'ihcuity III e''m'''n% 'o'
loss ARISES from us ''''
fonsnIy e''''n"'zu al "' ,'""''so' IL ~,
non ""Il"'4' Ae'' pH,'"y ''''' y
prove U" o' III u'' "'''''' '',' "','
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