New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-06
THE SILVER CAT OUT OF THE BAG.

in clear and comprehensive manner. The evils OF
'''>'
THE SILVER CAT OH OF The BAG
srx,rop 1oxrs's IMMENSE EXPERIMENTATION
-,,,,,,r, &c tn pp urnnrGGrD AND PIVNpERFD.
my TELEGRAPH TO THE rRinUNE3
WASHINGTON. Feb 5.-Arc the silver SPECTATORS
who are spending their moucy to secure the passage
of the BLAND bill sending their bullion to France
If so they know that the assertion they so often
make that silver and gold are on an equal footing
in that country, Is untrue.
The London Economist of January 10. 1878. in its
Nancy article reuorts that:
Traces Of speculation for the rise in silver may be
observed in the returns Of the Bank o France which
on bW,on'" and thus Week further Incrcasr. making
those advances for tAe fortnight about S2,20OOCO
$1,000 d s Rd,t we ,nE S 5neT
against deposits low charge as per cent per
annu' nao on" =" TU p o' o W. d@, tcrforc
appears 10 be about S2.75o00O ts55JOJ) sicrng).
The speculttion seem, 10 be- o>co nlon 1g nog 0g
a large coinaso demand IN the United States.
The Paris correspondent of The Economist, in the
same number explains he increase Of the loans
million p 10y the Bank of France as follows:
The augmentation this week is chiefly due to deposits
OF slVc sent rom Lo2ru' a. II IS !iUM Lcl,Cu l,3
T,"t s,Icr~ = a., lis Nav lnin the limited s. tcs for dc
post ia the same manner await rise M price, ana
1 nv lends
Scent 10 tie amount of 50 per cent Of the market value
or 80 per Scn u r(,D D " cr f sok f,rany de-
probation in tho value % t3e pledge.
Do not These extracts lei IN Oh" light upon the
motives OF silver miners and bullion spectators
in this country IN Spending Their money TO secure
the passage Of the Bland bill : y hlle Oh The one
hand they are demanding. osteu>ibly III the inter
ests of the distressed people OF tie United states,
that the doors shall be thrown opeD and that silver
shall be allowed 20 flow freely INTO circulation, and
are dong everything in their p0wtr-spenGlug
money and circulating documents for the purpose
OF securing an enormous demand for the deprecated
metal-on the other hand, they are reducing the
SIMPLY by shipping SILVER TO France. In the Ian
pnoge of the street they are making a corner on
- 81 +ho C,rorcss Of tho limited States il
So - . ,l ~. COR, ,,-oll
heIplhg uVH ~ u" H. - - 'N'' NY ~
afford to have subscribed 100000 to promote The
,,ossaro If the Mand hill
D., g., ,.r,ct. o,,o4o1 disclose another eono1lv
Du' 'u0 VAO'"''' N"0
interesting fact ana that IS lhat tle b-lhetaIlIc
Erouco silver i not rs GOOD as gold as the advocates
- 90 ,. IN ., oe.on ossrt ,1,o+ Il j.
Vi 'no - ,"' 80 ~ ~ cu
While the Bank OF France VIII lena Inc lch value
of gold bars left on deposit with it security, ii
will lend only so per cent Of the market mot
!, -, Il, -. - / ,,l,. on NJ, ,o,,t
hohhdI' Faiue o. si1N@i "'' anu "'i' 90 YIN
Of the Hhrkct value when aodiilohd SECURITIES are
" - l,r, L., I.,,,,,.,. "a holm, rtd
Aish'SF i'''o pa" " " -,
per ounce, or about II per cent beioW the MINI ltl III
Frorce q ououtitv OF silver nOminaln worth 100
-. 60. ,.r., i, ,l.,. marriott sq>frarrs aud +ba
nam "' WIN - - - - r..,,.,,,