The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-03

In 1861 we were earning Il per cent OF the
corresponding payments made in that year, but
to-day all but the last small item goes out OF our
own pockets and not a dollar comes back again.
The sum OF slo615s,37 OF freight money
constitutes yearly tax. that Is paid,
pro rata. by every inhabitant of this country.
II is eminently desirable that an impost OF such
magnitude, when collected. should be spent at
home; nor should it be forgotten that the entire
sum Of s134. s2l is drain upon our national
supply OF gold. since it must all be accounted for
in that medium Of exchange, and not IN paper
money. This drain has been going on now for
ten years, and yet no statesman in or out oil Con-
Rress has proposed practical remedy is 1t not
time that our political leaders took counsel this
subject Last month was the anniversary of
THE GREAT CRASH IN VIENNA
10 1873 We learn from our European exchanges
that traces OF that unfortunate event are not even
yet totally Obliterated. Sixteen joint stock COM
panies iorty-four banks, thirtyslx industrial COM
panes. eighteen building societies and one insur-
ance company, representing in the aggregate
capital value or 313 900 forms, continue to the
present day under the Bankruptcy Court With
regard to other more fortunate establishments,
which have managed somehow to weather the
storm the effects OF the crash painfully visible
IN the quotation OF shares. The shares OF the
Creditanstait, for instance, have fallen from 3l6
n0rlns to 217, those OF the Anglo Austrian Bank
have lost 1913 out Of their 26a, those OF the Es-
compile Bank have been reduced from 1,2OS to
500, Union Bank shares have fallen from 227 to 102,
Franco-Austrian Bank shares from 100 to SO,
verernsbank shares from ISL to II, Austrian Gen.
eral Bank shares from PCT to 81, Giro and Cassen-
veren shares from GAO to 2o2, Commercial Bank
shares from PSI to 90; the shares of the Bank
veren are deprecated from 1856 to ~, those OF the
from 1j2 to 60, those OF
the Observation-Disclosures from log to ID; Yer
kehrsbank are quoted al 80 instead OF 200; Laen-
derbankenverein at 45 instead OF TAI, Angemeine
Oesterreichische Bangeselschalt SO instead OF 222
and Wiener Bangeseilschaft So instead OF 1872.
other establishments have suffered in proportion.
The total loss incurred Is estimated at two mil
liards OF norins which is about the same sum as
the French indemnity paid to Germany-viz., five
milliards Of francs.
THE MONEY MARKET
Money continues easy at ana per cent on
call and ana 90 per cent for prime discounts.
Foreign exchange IS guotable at about the same
rates, noted yesterday-to w.t. 4S7M 1888; and
for demand, 1905 49I.
THE FOREIGN MARKET.
The amount Of bullion gone into the Bank of
England on balance to-day is f165,000 Erie Rail-
way shares 80. Paris dispatches quote Rentes
ut SO T. 80 c. Consols for money 92h
s23S; the account, 92h. In Frankfort
United States fve.twenty bonds 95ss for the issue
OF 1867 Prices quoted in Amsterdam are as
follows :--Central Pacific first mortgage bond,
Tx; Union Pacific, do. rs do. Stock, 234; North
west preferred, 40; ST. Paul preferred, &c; Erie.2SH.
SOUTHERN SECURITIES.
These were without change, and no sales oc.
CURED worthy of note.
THE GOLD MARKET
Gold opened at 1l21< and closed at liz.
The market was dull. The specie engage
ments for tomorrow are reported to be
100000 in gold bars and SO, 0Go In silver.
The rates paid for carrying were 2, IN, IL and
nnally l per cent Loans were also made nat
The operations OF the Gold Exchange Bank to-
day were:-