Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-02-10
SILVER RECONCILIATION.

Views of the London Economist as to It's
Effect on United States Bonds
LONDON, Feb. 9,-The Economist SAYS in
vestments i'll business is much checked by
the political uncertainty. A further RELAPSE
in United States bonds accompanies an in
creased belief in the probability of the legis-
lature establishing silver at par. We note.
however, feeling that some modifcato1y
measures will be taken, but of what form
nobody can profess to foretell, which will
prevent any further material decline The
adoption of a silver currency would proba-
bly-though we forbear to speak with anv
certainty upon that point-by raising the
value of silver be compensated in some
other way. We hear it gravely remarked
that no matter what the United States does
in the way of adopting silver instead of gold
dollars, for payment of coupons on its
bonds, the balance of trade favorable to
America would prevent loss to the bondhold-
ers just as the foreign holder of French rente
receives his interest in the full equivalent of
gold.
But in the first place the adoption of such
plan would cause so large an immediate
selling of United States stock that the ma
tional balance of indebtedness would almost
OF necessity, be against that country, and
further ithe parallel is incomplete, for in
France an artificial value is given to silver
by the limit put upon its coinage, and no
one can say that in America limit of the
kind will be put into operation.
The resolutions in favor of silver currencv
although distinctly affecting government
bonds, have failed to produce much move
ment in the price of silver. We presume
the market is to some extent kept down be-
cause the German government is known to
have large remainder of silver yet to dis
pose of and the feeling is that rise in price
would Immediately bring out the surplus. It
may be noticed that after some years of
cheap silver without apparent effect upon
the price of silver and plated wares, restric-
tons are here and there advertised and al
lowed by manufacturers.
The Wrecked Steamship Metropolis.
WASHINGTON, Feb. 9.-The signal service
station at the wreck of the Metropolis re-
ports that trunk marked BARTLETT CON
tanning clothing, and a tin trunk supposed
to contain money, We're found by patrolmen,
who had to break the trunk open. being una
BILE to move it and unsafe to leave it on the
beach.
Captain Harrison is taking up bodies from
the south end. He will continue to-mor-
row, and thinks he will be able to furnish a
list of all bodies identified by tomorrow
evening OF Monday. All the bodies identi-
fed will be sent to Norfolk Tuesday, thence
to Philadelphia The ship stores and cloth
ing are still washing ashore.
American Art Specimens for the Paris
Exposition.
New YORK, Feb. 9.-The American art
committee for the Paris exposition expect
to have an exhibition by Wednesday, of the
contributions of artists who have been in
ylted to send pictures. Not more than
elghty-tive, probably only seventy five works,
can be sent to Paris. There is not room for
display of more than the former number.
The committee will endeavor to make a
most creditable possible exhibition of Amer
lean art. To do so without fear or favor. it
is expected that of necessity, some worthy
artists will be disappointed when the list of
pictures accepted shall be published.
The Boston Herald's New Building.