, 1875-05-27

EUROPEAN FINANCES.
year or two Ego Dr. na K|cscs, editor Of tho
Eapifuit In Amrtcrdan,, 1Iotlar,, visited tie North.
west tho rcqusdt O tho bankers and capitalists uf
that city III order to personally Inspect the character
and prospects, Of railways. Under date Of May
he senls the following lstor. 1In expressions ass
sometimes uttls involved: but hia language viii ~
readily understood:
sin: ID Holland liz aiount d "tayed capital. by
which yearly S:ate and ratLroad tons bought,
occda hst of ths arGe.t Histea oi Europe. i great
many OF cGuDlFynen Invested their taoney in tho
United States bondB Of 1oSl aud lsai. and sook an
enormous profit Of IT. Il the end Of the Civil Var Sc
euts, largr A,tul interests king the first aim Of
such tnycHoss Lille &c lualte with tho rcxonsces
character of rcsl-er.,e ycstlne,,s Of Which Tho t-
qurtes were often hintcrGd by tbs obscurty In which
theso estates and railroad companies were Involved.
chaf. Alko for lust nre, ali tho bonts VI tho main
snd bFan.h ucs aud tho extension of ,ho ~. Paul 1:
{t@UN.Wo for tho grtatnr past Al ubont q er cent
thu quotation Of tho t1lolnh-bonds ceng nov hearty
har a IT, atns ~. wsG. s
z hs.as. eol Il xoftlls.. stoek ,e, u
tho Irlce OF ~ rcr tr4-tno~ they +. Fer ceu&i-
Though Tho patent for thls grant VIA never given.
great rast Of THIS aud similar lpaus suppose,
pF hero Tho ruins caused III Holland by tho itcsita-
lle anu disastrous circumstances of tho last years.
bs ha of he .ssey W diersp American raso.1
aud rsal-c.sae Investments made In Amsterdam, dur
IT. ~ 'n r. ssssar pSfa q
Nsl hese aSs rsstonSa 10 be, in Tho aat mo ysars
about si5o. .oo,op Tho purchasers II these bonas
small farsness and lrades-pcupo--w believed they
were inseasing thes savings III reliable American
seeking for means Of retcss, snl she AIMS time itl.
ssiued By tue coacerc lsnlsta 10 turn sha ro-
sSs1 a. t st. s ss q s t.
but ~ YETI though aAy Of them have exised lor twg
ysa!s rs't w f sset ds IT, oy Relative ear aud .Io
lug lluwy but continually THO ioia A,!rrsan L,.us
represented hero scurcsy IN tolurliun 10 thu ,
nnts tAtY a1a nos onef ~ shothous lruatk to tAs
nafrx shs ut Msnth; tAs er;n!sn. e.g.n 10 h. b..
X: X. ,!x .xts ou tsss ill., e. It.. sS taocs ~ q
enc hayu gwen hin many friends In our country
glones. DO asi nlurh for the causrs and nrans
nFai!aal:y thS demand for AmcIic1M sulia ra4ituad
.nd ass nsassi pa.rs Gas. eussl arss,
knowledge af !hs worth u different securities, aud i
ssen,s ta1t the nysa!.uent in American bonds snl
arrangements n,ato by SONS companies lnvs n1It
al.o good itnrtrs,on. Mhat le!nngs to tAe trso Al
tisely cEast. be!ug hs uads Of stoeks very ht,ls
nearly uolllAg T 4 y eo1nplscl with thu irady Ii
largo esIdtss born out Of tho couuu1cs n Tbs Lit t~t
tsutusIss, the enormous treasures acauaIy iow,nk
from the tolouies tlars, Hu1u4trs. uornrof IL ID.
nuttcr country jolnily 10 lha lrs.ouX given " IL,
IAuc VI IBt5, did dlaappear from III. BUtk.E xeia1Iv
81 liz trado fog account 1uI4itjnR ouly ths trad
iur money, while thu othur EuroppAu ex ,hauRrs
ahdou. Paris, Isrlin, Signua} tssds for lnurcy "
unRa 10 the exceptions. Yhs practice MAKES ihS TX,
blt1on Of the Ams,erAm market yury strong, aud as
silver standard intsedishvs !4s hsalcss 70 iauudat
tho ket with fuisyn bonds and Aeenrtisa lii disas
tho ,l4en standard Will W iutro4ut u, ruuaecsu
With The stses oue, tho bankers. workipK cuun:lct
tl~Iy tu ths way, by delfsAaioa u tAa quotation Q
tussvu tI., and 70 as!actaiy creating tie IDEA ill.,
tie cotlauF. IL interests o{ AullauL hurt by til
ti. way 70 ts tbs experiences they got with II
Trench hss nnllion hne, which ransul 70 b psid
Ip4d It London, It time WHEN the Erauch AultEzt
sud Italian ta4ks nut pasiux thrr uotes tn goi
ind PrusslA wsa holding its gold prDtsnledlT It
taiLtifg new eutu. II Wa !1eritahle tlst Eualxu'
NhetS Lueh amount Of gold could upk u t1uri
touk Continually gol tro,n Auaoe. md ths La bos