National Republican. (Washington City (D.C.)) 1872-1888, 1875-03-19
THE THIRTY.MILLIoN CALL.
Its Probable Effect Upon the Gold Market and
tina Ravivai of Businaas

h6
Az - p.,,,SiI - p,,ssSS.. -
- -, ~ .,'I- " Us
Ine Dos.VH .I' W ene souuuuess y,
m ~ = mneu orssteu
VI P. Y, 1850 - - -. suO WINS JNss . oo
men, upon .ns p.,Vy Y, tne Ha's Gall 'Or 'hiV
ss,,TSt'., y" ~ =. iung
49, ~ ,,. !. io ~ So1Iesl anu I,t .rs
is'... 49,. " Wv ~, - ~
~ III ns.s ~ ~ ~. "O..
W. 49, ~ wy SUI PaiS w. " wy
80, ~ - ~ N,PtstS.,. 'nHI. ~,
re - 49, go GO sns,,. 800.
~ 1870" 49,, - 80 40 ~ 80
S,s bsId IN nj sonntrv iargs smonn,, nIIry ~
$3.50 ,.i.ss hsSin, h.sn In.nns,ad -. -
onsri,g oS a.. yssr -'o 'A'
~ ,hi, stnv;rr n. y.,,a.d hv Oh. s,,,. nil.
orn baiT NJ the snoUnt ~ honi. osIIsd Iii d.
lid "a, IN domsStic hnids,, 80 ,Ss, sT,ona, ~
IoId Re ,stoircd IN ths .o,,n,.,, h-asLInS 49,
Tho rombIratIonG M the s,rsst snsIrg ths inn
inc Ishors M ,rs,rbortS srd .Jvirs . no.I'Iy.
'Is I%SV -. a. IHu sHHS PosnN0
stimulus 10 INDUSTRY ana trsde N Ill prAnehet'
As for the other half Of the bonds, held abroad,
their purchase IA moro IIkely than not by raising
the prtcs a. sttruIata oddi,InroI Inyostront ~
so..I .rt,.T a. H-,.., S.sIt,. - ~
foreign eApilAl IN american heouIlues' ana 80
bring more gold back, II the exchanges favor
than will have been sent out, In regard to the
efIsct urop'tta hanks which boIa snhstantIaII,
sF :. =, S.. -, 10y
tne ehllIe amount u INC LessteleG ponus issued
as security Tor their circulation, larger call Tor
this class Of securities must have disturbed them
serIousIv since the bonds piyen nm nv than for
- - 49, % ~ -a,,Ien.d a., -. 80 -
k"iu "'uiu nH'S " ~ tSP'"o0N' VI 04'e 'uel SF-
culation would nave 10 De returned anu general
contraction follow.
Narrower. thew would haye to exchanoe n sly
TO- g. ~ cort socrrI,, "a n o1o -, oont
IOt NV Pl ~ s.Stt1S' HHu . one PeI Se1''
loss De entalleu upon them as their part OF the
transaction. So far, too, as this purchase is re-
lated TO the state of the debt it is to be said that
il is no dimiputiop oflhat. Nothing lint the az
~ -s ~ - " '-S -,
ceSs VI 'ne LeNenuee oNef tne eAPeuuituies VI INC
Government is capable OF paying OF any portion
Of the public debt 1t is precisely as 1t is with an
irdI,IGrol he con nov Me dehts onIv rror, his
- s - 90 r.! - a., - - -
pIohts. II II DC saiu that 'he HoFerh"neu'I Is pay
ing on It's DEBTS with It's gOld reserves, IN the
present transaction taking half Of them to do It,
the answer to make to that is that II il mt by
JarIo.Ira ,ho ,T-oosr,r oF its ooiD tbo. tb. L..
uePi'.'Hs 'A "! Va 80 ~ 'HHS 49,, w -"
1879 is to be put in the way of certain execution
Nevertheless so large sum OF gold as will be TO-
leased from Treasury by this Transaction where
it is losing interest, and the purchase of six per
cent hands of canal amount that are rolling up ST.
0C0 O0O interest against the Treasury every year.
cannot fail TO enliyen and stimulate gil kinds of
business operations Just at the time when they
are waiting for a start OF this character. The
best practical evidence to be had of so welcome a
fact is the recovered tsne IN business circles in
New York which gives the impetus to the entire
outlook is one Of restored confidence and reViTing
activity.
Exports are BEGINNING to increase. the iobbers
are making ready to distribute their stocks buy-