New-York tribune., 1874-12-12
FINANCIAL EMB1RR1SSMEhIS OF CCBA.

FLUCTUATIONS IN THE PRICE OF G0ID-DISrURB-
ANCE IN HAVANA DECREE AGAINST sPECU-
LATORs.
IPRoM Az OCCASIONAL CORRESPONDENT OF THE rRBUNE.l
HAVANA, Dec. 5.-Tne state OF the gold mar
ket has the most prominent subject Tor the past
week. Last Saturday 1t closed at 12o but speculation
during this week has raised 1t to $50 cent premium
There have been many alarming rumors regarding
events In Spain tending to innlence gold On Tuesday
last speculation Was at It's hight. The tablet In the
Office Of Ell Cabio marked the rate OF 49, when vol
unteer, accompanied by several others, came In ana
asked the price OF gold He was told there was hohe 10
sell then one Of the brokers who frequent TINS once
offered him at 124. Tue volunteer became indiS'
pant, and the dispute which followed resulted
in the volunteers drawing their swords and
beating back the crowd, which scattered 10
every direction. The excitement became gen
eral, and file Of the volunteers doing guard
duty the palace was ordered to clear the street.
There is truth in the reports that any person was
killed although that might easily have happened Gold
continued to nuctuate, that on Friday tho Captain
General published the following circular to subordinate
officials:
One OF the disturbing causes Of commerce and which
mostly affects all classes III the present abnormal conu
lon OF the value OF coin The origin Of tGls cyl II well
known, and connected with tne Various causes wnicn
had brought the aud the public treasury INTO
tue embarrassing Industrial condition In wblch L'ey
were found when IN last April took charge of the Cen
the measures which were adopted to improve thtt
conditon-for establishing the payment In coin OF tue
principal taxes Tor the purpose OF giving more stnty
10 the resources the Treasury which decreased In
value by the discount ruling Oh Ddpk bills ior provdpg
tue tax OF five per cent upon capital ID orhef 10 OBTAIN
the patriotic means offered by tue country anu when
the cost OF Carrying on the war ana OF tue
made every day more necessary and lay, Ior ievy
tax upon the net iucome OF the Islands wealth ~.
tended 10 cancel the debt OF the Treasury especially
that part m represented by bank bills ISSUED on ac
count OF the Governmeni) which. by the decrease anu
h1ctuation OF their value interrupted ana dlsuroeo
public business although formerly they contributed 10
render very Important service. Thus did the country
understand the and such conhience dd these
measures inspire that tie premium ON goid whch had
Trached 1885, fell To 65 and maintained between ~
and "a per cent for long period. .
In OF this result naturally 10 DC expected
that tue depreciation Of the paper currency ana the
variation value swOud not exceed similar nmits
when the measures adopted 10 improve the LnaIciai
condition should be uil vgOr. ana 10y vrtue OF wDe1
tnun four millions Qf dollars III BOND his shoud
have been Cancelled, as has been done.
Inspired with these lucas Will endeayor 10 see
that the agents Ot the Government watch with the
greatest ZEAL aud all who. individually or ny
agreement propagate false 10 carry dstrnst 10 All
minds aud place the autnOr of such criminal a
this General Governments In order tha
the require, they snail bc turheu over W
the courts such measCres b. tikeu ~ MAJ De uceeu
most venent IN the exceptional state O TINS isihu
anu IN yirne OF the extraordinary powers conferred
upon trust that will use the greatest aeVity
Ia the fulhment OF the foregoing INSTRUCTIONS.