, 1874-09-02

EUREi1H EAEiANuE.
Horny Groenbnum 4 Go. quote foreign ex-
change: Frankfort, 40116@411: Berlin, 7135@
"a; Bromen and Hamburg, ge1a@90; Paris,
61G4@5l351S; sterling, 4s7@4S9]11.
WEST CHICAGO rAnK uONDS.
Wcat Chicago park bonds aro olfored at 90 per
cont. Thoso bonds arc duo in 1890, and bear
cont interest. They aro issned In conformity
with tie net Of tho General Assembly Of Feb. 27,
1902, creating tle board Of Park Commissioners
Of tho City Of Chicago, and authorizing q tax IN
tue Town Of West Chicago. For tho puuotuai
payment Of the principal md interest Of those
bonds: tho cash RESOURCES of tho Board Of Park
Commissioners, aud tho credit Of tho
Town of Vest Chicago, are irrroyocably pledged:
This provision Of the law makoa tie bonds d
lien on MI the eaxablo property Of the Town Of
Wost Chicago. Tho issno amounts to 1861, 600.
THE Cost OF THE sILyER-REsuMrTloA roLlOY
Secretary Dristow has issued orders discon-
tinuing tho silYor payments for which we were
indebted to tho 1ate Secretary, Mr. Richardson,
Tho fag end Of the silYer-reaumption policy
has at length arrived. If all Mr. Richardson's
errors had boen as harmless as this ono ho
could bo forgvon; but, unfortunately, tho
country hns yot to suffer III addition to what has
been undergone during the past cfoyon months
for mistakes on his part Which no man pos
aessing ordinary acquircmonts as tlnauoisr
could hhyo made.
GERMAN PAPER MONEY,
Tho Official Monltcar Of 0te German Empire
has just publlahed the bill relative to the circu
In Germany considerable number Of inBtitu-
tons OF credit duly recognized and regularly con-
htitutod, which haTo nsBumed nl extraordinary
development since 1866, aud put in circulation
mn enormous nlass OF pnper which their metallic
reserves aro far from covering. Several Of these
establishments from tho Bank of Prussia down
to those Of tue petty States, are connected with
tho Government by reciprocal relations.
for example, which iu 1866 wau only 160, 100000
OF marcH, has been increased to nearly 760 QUO 900
in the years 1871 to 1873. 80 that Il haa quin-
tuplod in the Interval Of sixteen years, For
ing reform Of the paper syaten, and notably
the lniflcation OF national credit by means of q
Bank Of tho Empire, like taoHo OF Franco and
England. Tho Imperial Government haa not
far; tue new project allows the diversity OF
banks to subslst, Gut reduces to less than one
third tho prcsont amount Of tLo noses; more
oycr, it subjects to precise Legislation those
elasticity. The bill, besides, lays tax on tho
excess Of papor circulation not covered by the
reserve in spocie.
SHIPPING SECURITIES.
The Philadelphia North american 10 Of opin-
ion that tho Secretary Of the Treasury in future
ora from TINT port, as thoy aro tho only yesaels
which carry tho American flag. AS a further in
centive to this stop tho editor n,onsiona that tho
ateamer Ohio, which sailed On Wednesday from
u
lars in the bopds Of the lloadiug Railroad COM
pany, in quick following to tho million Bent out
OIL tho last trip of the Illinois.
NEW ORLEANS lAIK MORALITY,
Abont two yeaH ago ono P. J, Kennedy, who
Was then Btockho!dor in the Citizons' Bank Of
Now Orleans, borrowed from Mr.. Dolery. tho
Cashier, the aum Of 73i, 900, and depositcd loyoo
bonds as security to an amount which aggregated
IL valllo mora than tho lonn. Tho bonds sibBc-
quontiy deprecated, and the Cashier who had
made the loan OIL his own responsibility. kent
the fnct to himself, hoping for something to turn
up. which did not. Hence no Las surrendered
lis property and position to tho officers Of the
bauk although they wholly cxonernte him from
any intcntion Of wrong.
UNION PACIFIC INCOME noNDB,
The Now York Herald Eayy, Aug. 90:
III regard to the Union PACIFIC Coippauy'e funding
operations, We learn that tie exchange Of income
bonds for sinking fund amount to $4,000 Qc0 ont
Of the whole esno Of $40 GOO. This origina, Offer Of
the Company, to give the holders Of nro,Iles thn epE
bouB lu tho proportion Of AYo Of tho forner
for Sir Of As hitter, LIBERAL we have before
noticed not 10 layD been satisfactory to SONG Of
the managers OF tho Company, and wo ao,ld NOT bo
surprised H. before intlnaed, there aro any bonds
unexchangcd utter Sept. they could then only 10 ia
equal amounts. Considering thu times, and the al
aeuce from the city during the weather of MANY
interested, tho Comranys proposition has Neon well
received on Sept !, when the coupons collected,
will be then.
GOLD QUOTATIONS.