, 1873-12-25

coli in tho circulation Of silver,-all excerpt
enough for small chnngo,--and substitute gold
therefor. There IL nhont s300, 100000 Of silvor,
aud littlo no gold, in circulation in Germany.
After tho German Government rocoivod the
Fronoh indemnity II was resolved to got
rid Of tho clumsy silver, and substitute tho moro
portable anl valuable gold ooln. With this pnr-
poao III Wow, tho D3rlln affnt has boon coininE
about 6,0oo,d0O or COCOON Of tllalers Ior week
and thcio lnt,st DO now At least 5000, 900 600 OF
that coin rondy for distribution. but tho
Government Ia pugzlc1 what to do With tho vast
quantity Of
SURPLUS BtLvEH.
Lnrgo shipments Of 1t llayo bcen made to In
din and China, tor purchaae Of teas and other
products; but, as tho people Of tloao countries
aro not accustomed to tho silver tl,alor (about d
70-ccnt poco). tho mouoy was received With Hsls-
picion aid at a discount. but now outlet for
It Inns jnst boen discovered. For nulnbor Of
yoars tho money. OF circulation III A11strin Inns
been Government notos. irrcdeomabfo iko tho
American grconbaok, and, Ike 1t, OF u bau and
Ies s oo G op to rn n L
to oolu value, and koop It tlleio.
A fow months ago, thoro waa great financial
crisis III Austria. .-aa bad as that In the United
States, aud sprineing from tic na'no fountain:
Stocks Of nil kinds had heon "watored," bnb-
boa wore blown, and avorybody grow suddenly
rich; when. all at oncc, nj oxpioaidn was heard,
mud tho gnB and water ran ont of tho stocks, anil
collapse Of fortunes. Since thon ,(July laat),
timos have boon hard In Anstria and tito epeos-
latora doepondont; md thero Inns beou loud
call on 11erculea (tle GoveranionQ Tor help IN
sach . case 1Io wns short Of money
gamblor Ills notes wero circulating nt
discount Of 10 or "a poi. cent. In
this dlIcmmn the German Hercules Inns tcndorod
his assistance to lift tho Austrian wagon out OF
th6 quagnlIro III tho altapa OF
A s1LvEn LOAN
of 800, ,000,80o, nt per cent interest, repnYabo
| ut conVonience; Which means never. 10 long ns
tllc Interest," il promptly paid. With this fund
OF silver tic Government intends to rodeon at
least M equal amount Of ltB outstanding depro-
cated notoB, and hopca tlierahy to raiao tleir
value to pnr. Tile infusion Of tllis ooin into cir
culation, it is believed, will do mitch good IT,
tIs''''5s tho aovernnout e .eroon5schs" BY giving
| them u botter :rnolloy than lrrcdoemable,
appreciated Bllinplasters. Tho eilrel-loan kills
Bismarck to get rid Of half OF his trou blesome
surplus Of silver coins, and obtain for thom hero
after good interest. Tho withdraw Of this
amount of silver will leave desired vacuum. to
| DO INSTANTLY hllod With rccoihed Ftouch gold.
II tho experiment works we'll. it is thought that
| Bismarck will let tho Emperor Joseph haye all
tho additional old silver thalola,, florne, a1ld
ErosoAens he holds that l,o will iill him ur to
tn6 cAfb VIII tRoHl+ DJ l459 altNc!J AbetaLAttCe
it ia thought tint Atstrln will be able to ro-
sumo. and Tint coiu will onco moro become the
common money Of tl,o people.
| but 1rALY
loolts on with longing oyeB She, too, is client
Rnd friend OF Bismarck, md neods help Us badly
ns Austria. Hcr money conssts Of irrodootna-
blo doycrnmeut-ailiuplasto which nro At a dis.
count of 20 per cout. 4 silver loan of 31u0,-
000 COO from Germany would bo the best kind 0f
s'.poor mans strength gthoninB-laa.cr" and spain
| killer !" and WHO knows hut DR.. Bismarck may
shortly prescribe the sasne remedy TO It1ly tlat
he has to Austria, to stlengtlon up her back
aud restore hor digestion IIo wilt still lnvo
au enormous surplus Of silver after supplying
| Austlia and ho can't cat it, and he don't waut
to stack 1t up and lot it lie ldlo. as it WAS made
to circulate. uo will, therefore, nso some
Of hs extra silver 1l1o Oakos Ames
whore It will do tho n,ost goutl
mud how can It bo employed to better advantage
! thun IN Helping Ills Italian ally. aad rendering
her ablo to take caro- Of horsoif III hcr sauggis
with tho Ultsamontanos. mud to bo prepared fol
M assault by France when tho papal purity col
tile upper hand iu F4aucc7 shotId Dislnarc1
do .Ais, and thereby enable Italy, as well al
| Austria, to resume Bpccic-paymellts, the do
mand for tho precious metals for enrronoy-pnr
poses will bo greatly Increased In Europe; ant
nilvor, which has now fallon into considerable
discount as compared with gold, will recover I
l ,frrI,n Inn r