, 1876-07-15

FoNc11N o1A4t EA kOA6sAuAs
Tho bill to empower tho Government to restrict
the coinage OF silver trnnc pieces before tho
Senate again for second rea1lng ns the end Of last
week, when fresh dscusston took place, tho prn-
cIpal speakers being, as botorc, MM. de raricu,
Leon Say, u,ld Ruuland. II. do Leon Say, rDtcr.
ring u the co!nage OF that nonuy On account Ut
tue State In 1876. said that the operation had left
profit Of 3, 600, 200 frnnca, tic State having pur-
chascd silver foE u sdm Of $4,000, 000 francs,
which yielded ~, 600, GOO after coinage. II. dU
ParIeu glntcd that he had received Information
from very trustworthy authority In Germany that
the German Government was abont 10 rueh for.
wnrd rapidly the ni0nNtnFy reform, anh Ind nt!oped
measures for sulllng lao tons Of rvcr monthly, In
order 70 Ect RID Of !. while slurc was still market.
rnS se",isnt e e uss W oS 0"' u'
HEAVY DEcLlNN IN bonanza STOCKS.
Tie Han Franciscu Alta- Call }ornla reports tho
stock market, July 2:
The price, realized Or tie hid. made wsra greatly
y ta S' III il:Eass tio;s .:ssSs' ~ ,s!iss. s
:s,'ss {fs ef 81 AZ VI, I'll sassHn; 'S S
i 3D. t.
g9s e = tie ,: a: I, M Mi III Il e
lSsss 70 y TTsiscs liz nsis!nai .tSsk sss!, Thesa
81 @ SsSss y fss sS
s4 S VI n. X ill., s
market Y present Thctv xss no change foE tho better
hoW. ssns saag u ''
THE DOLLAM or OUR FATHERS.
The downward movement In silver continues, tho
prlca In London having fallen to 401td per ounce,
ind With tho market 40 thoroughly unsettled that
bankers here have at tmes been willing bid only
" per ounce Il, 600 tno). The dcclne IN tho pnst
week has createA almoat panlc In tho MARKET aud
Il would not 10 strange II there should be on up.
ward reaction even II tho prlcc should ultimately
to much lowur. II has already been made apparent
that tbs production Ut the American miMca ~ t.ot
by any ineana, controlling influence in dc.etmiu.
lug the market pslc0 Of tho metal. II IL evident,
however, that II our Government could be brought
to Ec-cstablish the double ytandasd, tho demand
bcre would be 10 enlarged ~ 10 have a stendy-
ing and Strengthening influence on the En-.
ropean markets. II II, therefore, 10 be ex-
pectcd that the bouunza efforts 10 secure
= ,re-estab,ishment Of, the double standard
thAt their purposes will bu s0rvud by anpportlng
lhs movement Of tho bonanza mlnu.ownurs, and
II our fathers" a. they wore for tie adopslon ii
ias rsaartonisn p, Plan or ,FedicHni1g i IN the 6o'd. r.
o five q os, oad @ IL
baek dollar l. now worth abont SDh cents, The
dol!as. mud thcas seli It % cents paper, but,
There u larEs Rroat in converting S bullion lnto
&hAa VI Cauts In Kuld), they coming Into caE-
culation. OF couEuo every one Of them adds 10
ths appreciated currency aud inaatcs It's volume.
colns. ,while worth In gold less than 74 centa 10
The dollar, sell At 101 paper whereas the trade dol
laf, which u worth b0h gold, aetts u on1y 10 pa.
per.-EsW York Natloa, July IL.
FINANCES IN NEW YORK.
Tho Now York Daily Duilstsn Of July IL says:
The Aupp1y uf commercial bills u very sma, and 4
u so VI ~ sad that u G1snd fur c1c4Axu analt.
tlu mercantile demand tclng 41Oat n1tllluK. Btcu.
!,ttys ahafes gsfs 5aI ny lsays M.1sy hese W..
brokers pu1L The supply strictly paper y
very AnlaI &nd With 4tlo dAp0Aluon 90 khs part Vt