New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-31
COMMENTS Al THE EXcHANGEs.
THE WILD sFECULAuONs AND DISASTROUS CHANGES
WHICH WOULD FOLLOW SILVER REMoNtTizA-

THE WILD sTECULAuoNs AND DISASTROUS CHANGES
WHICH WOULD FOLLOW SILVER REMoNtTZA-
TIoN.
Prominent members of the Produce and
Cotton Exchange. said on Saturday that they had NOT
thought there probability of the passage Of the
silver ELL They felt that such scheme, if successful
would be most disastrous to business Of every kind. aud
that il woul OXEN TIE way for immense spccuations.
and TIC markets would continue in unsettled con-
dion because of the fluctuations in the values Of cur
Toncy, such rs were experienced Turing The
EDWIN Il. LIvEENORE's OPINION
Edwin T. Iayrrnore of the firm of +. Il. & T. b. Liver
more said that the passage Of the silver Bill would d.
the most injurious action TO the country which Congress
had ever taken would actually exclude every foreign
nation from coming This country invest to the eX
tent of one dollar The country in fair way Of rcsum
ing business god basSwhch meant prosperity, hut If
the Bland silver Fill should pass The nation would be
800 nearer to specie payments than at the beginning o.
tie war. II was n movement Of Western who hoped
10 find market for their ores. II w0uld open vast
market for spccua'on western farmers were anxious
Tor the success. Of tie scheme because they thought they
could e, for thcr produce but thoy did not stop
TO think what thcy would have to pay for sugar and
other necessary articles which they did produce.
FLUCTUATING VALJ e..
Another prominent grain dealer sail that he had not
supposed that TIE hn could pass The Presidents
Veto Every bushes, should Sicn petition against
would be grc3t importation OF Government bonds and
expectation of gold, which would make values nuctuate
as they fnctuaicl during the when gr. enbacks
varied from 100 to 900.
FRANKLIN EDSON'S SENTIMENTS.
Franklin Edison OF Franklin Edson d Co.. said that
the passage If such bin would have the most damag-
ing effect oxpOrtars. The only foundation for cX-
change u hread~ufs was gold basis ait ouch FOR con-
,onouce bills Of exchange paid ~ currency. II
the bin shoud pass gram ard provisions would advance,
and the markets would become thoroughly unsettled.
G. G. MARTINS VIEW.
G. G. Martin. Of the firm Of David Bows & Co.,
thought that the passage q the Bland silver Bin would
have most dsastrous effect the business of The
country The depreciation Of value currency, the
circulation Of "a dollar only worth 81 cents. would Hat
Urav advance the price OF grlin AMI us The Supuy or
silver increased or diminished prices Womb 1uciudte
COTTON EXCHANGE OPINIONS.
Henry Heutz OF Henry Hentz & Co.. formerly pTcs-
dent OF the Cotton Exchange, believed i'm double cur
renew did rot approve OF the present bill IN Cop
cras should pass. busn"ss would be unsettled Tor
time but he thought silver would af''rward apprecia,
i'm value 0 her members OF the Cotton Exchange said
the success, Of The Bland Eil would make the market
more speculative. They declared that u WOn'd b" dis
graceful act The part ~ Congress 90 bill which
was an actual violation OF The pledge OF the United states
10 pay lis creditors the fun value o. their loans.