, 1881-02-25

l4lkll klltAt lV 3U1Ul:I LslC HhIkS /
t,uMNEScrp To rOru MONEY tST, THE
'~''' rttnAs,.i.y 49,"
,,,,,, t,,,n .,,orr,n,, ,nI,ni CO. mn nm ~
lonl*. liz titI 10y "irer t" huy bontls, hit
TfInt call prNGtiCN'iy l0CkGtl up all tho
Hltrpliis r:vGnttt liz l1nS on -, h11d,
H ~ tnnt ~, - 'krs str % - accMl''lae "nS;
Wacll ilitli t'lo stieet y running wiltt aiMr
nn1 h',,s. u M ,y,s,.oIa,, s,.t H. WI" % ~ u rt" ~
% takss tic ' 6ait. IT, i''Hi il xs.s tio ~, ~ ,t%',N
tilss lM''i.'s ''re Ssn,1tsr ~ WGr tle co.l
", ."s ~, ~, 49,. 1ut'irt 10 ut ~ o;rn"t v"rn
W., ,,fs III H. ra It.,rss ny ~, th ,ti w,
t H., ,'ni !" ~ t'e'ea' VII '''e "'''' ''''
'"'' u''s posS'''e. .,,,. ,,..,.
roh+ WIZ, WIZ; I.;s4is;,, nnn.n; firm
NEw Yu,iK, Eei,. AI.-Thn Tostsnys: "The |
tlrail! Of moliey lro,,l thu bank reserves, into
tliu Treasury, where IL will renail until taitl
out for nM!es "f hunks giving up their clrctl-
mttml, will !,ayc aserl",as el'tct ull thG nsocy
market of ttr conutry unless thu Treasury
PROMPTLY rcirlses lhe surplus r. rtysilaSS ;Ii !
this: First, By the general purchase 0f bonds
for tho Sinking Fluid; aiMi stcDlId. TO give
notiee !hat hn will lrcpny $s.Uoo,ooo nf o.,
which lave been tMtgtl III for redemption n!i
the .lst hi May. This latter lnoae o! ixllcf
,n oscIe!aFs HS "Geue" a' III ~ roaiDni
IL s aiiii i;rr iiii!,4 ' ~" ~ tn" ssTrras1,ry' n
",,.c n.i"'o ,.''"'. ~ ,.,.,, r.,,.-
urrr d dc Eniltt& snts ut Nt,o Turk: The l,c.
!n'rt1en w,lt re'le:.' hnls v.I,t'.,lI; within
tntlon nj ihls department tWarlInXtnt'I with
'"'e's'' ~ 'no e'oSs inIn r. sWt,tMsS. seerttarr.
,.,r,,,, ,,,,.,. r", ,,.., t.t., ,,,x,,.
,, ,,,,l III t., All ,' H., t,,a ,,a., .,r,,er oro
sriIinr ~I III r. tia In ,arkei at 1tiSfGlQoss, Tho
treasury Mt!! MS ior t,ie'Li ai'' aeeruen .r ~,
tytsst to ,lato Of Irseltnti'% =, y Hin l ,s,, "c.f x
1lhsfrst hilion'tS y y, e, oa!. nMG n,MG nft Wlcf
these bollds nrn now plGalgStl IT. NMsi'lilgton y @
to secure bu1lk-ote circulation, hill, II tliU
banks couse, tlcy eaii W presented; niiti tl'o
,,I,I.,. III; IT ,,..., H., ~. t,, t IT, =,
."t I1nltl or thes,. ca lid bolltts.
rllE EFFECT OF TIE MEMS
tlat the treasury taa come u 1ne rcscs!e WMs
clectrlya! III ttte stnck !inrket. I!'e nsa[kSt
Gpesa 's e rst IL or u 81 I'LL pPces ts M @ to
per cent Ing ctIaf,Ee n'l tns fe@s ' I'9teM s,.,
was US sudden ~ cal 1e IMAGINED. nl'd pficeS :'
Ment buck lIke q rubber strip wilich Ind
been strSlcl'cd and one el's1 suddenly ! r., +
leased. Tie rgcsyery RANGED @ i!pnl ! to y
points, a1d where there was Sonct,;;ing !iko
1ull palllc there was n sudden chailgo 10 Il
oe"r panic.
III the Inst hour wus extremely severe, md
stukbrokcrs iaitl ny it'll. rs 4 if rer
cent per ,lay il, adtlltlon to per;: cent lerr
| nnntlna. Nh LiKtt rutl las mt beet t}ki{l
strinpeu"y. lis stock market. whflo very
feyerisH. adyalcctj. ISen.sr Of d dispatch
frn,n W,,shinri,,,, suylnr tlmt. in n,ditiO,, 10
urrm,y , yinr 1T t,ar and occric; interest s.lci,
Sof ts s43s;. ito of caltctt inntis duo May
ii u Isl may l,e presented ut Washington, tho
for ti1e SinkIns Find, to ~ n, vxtel,t iinitesi
I nl,Iy 6y lis SURPLUS reserves. Ii this
,.in{n,rI IT. Ia ntijcta,. thu prescnt
tr",hIn witlie s,,rcessf,sIlv init N,, oyerrIl,c.
Npnv n,her rl,,,It,rs wero current. a|( tcuIsilE
tn i,1t,rovr ,hr frrnu III t,,a St,Mk Exehnt,rc.
IN i'nt ,'pne cn,'j nj IL. vsr,tiri Tia Treas,ry
! to.tny received for tic purpose Of With:
draw, bank.nute circulut,pn In lawful
mnn"v sS Msi tsx1 nnT In rhrrks rnyabn t,.
t""rrw nd T., II, cs,,,t,trJ In tt,.,,ls,rrow's
rrnos,ts. siID.0 mTkinr II tota! for TIC ,ny
NJ :. III, iii nrnfnst s3. iii. .Tn1 vrstcrtny
u y, n;,'iENl sf"n,iuS ann 81 iii 0o Snti,ray
;TEIs makes tiia t1tai .Ictusits for ruducilot
, ,f l,a@K.1otu circWlas!on siI, oil, ,oo0 nj iii
J citv n'n,,rH o~"''''S''
! ett' "4"'e' ,,,v ..,.,,,urnr,.,n