New-York tribune., 1891-03-06
THE BUENOS AYRES BOURSE PANICKY.
DIsoUIETING FINANCIAL RUMORs-THE GOLD
PREMIUM 271-A GLOOMY OUTLOOK
FOR TIE YEAR.

Paris, March "a dispatch from BuenOs Ayrcs says
"Thc Bourse became panicky today rumors of a
fresh paper issue and that the Government would
probably have recourse 10 National loan.'
Brenos Ayrcs, March 4.-Gold today closed at
OIL per cent premium.
London. March j.-It is announced that Messrs
Thomas Morgan & Co, colonial and foreign bankers
today signed the Argentine funding contract. on the
stock Exchange Argentine securities closed better.
Panama. Feb. 25.-" The BucnoS AyTcs standard ,
said January 4 In publishing yesterday the
gloomy record of the last year, give readers
dav and date for all the errors crimes and Swindles
which have reduced the country to it, present con
dltlOn The summonlng of special session of Con-
lrcss smacks much OF the calling Of the Sates-(cn
eral together Just 100 years ago in France and the
astounding pyramid OF taxes which this special Con
gross is rearing up so suggestive of history repeating
Itself, that it possibly be of some use to call pub
c attention the groove of 1891 into which the
country Is being shuntcd by the fatal Neckar Of the
hour. The taxation in this country in the new year
will be so great that 1t will completely oppress the
working classes, which hold no represe natiOn in Con-
gress In provincial Legislatures. Their earnings
taxed, their savings taxed, their food and living
taxed and il occurs TO very fair question 10 put to
Congress, Is there any member in the senate or In
the Deputies who prepared TO for the conduct
OF the workngman under such grievCs system Of tax
alton? '"
The above dispatch fsom Paris seems to confirm
the report, that the Buenos Ayres Government has
failed in its negotiation with the principal banks of
that city, from which pecraary assistance was re-
Questcd
Nearly all the private banks in DucrOs Ayres are
branches of European banks and DR.. Pelcgrni knows
that his only hope is in the assistance thoy may
give him. His policy is to pacl:y them by with
drawing the recently imposed taxation of per cent.
for it is probable that he is that foreign Gov
ernmentS would not permit him t. have recourse 70
forced loans. that plague Of spanish American conn
tries. The Interest Provincial Argentine bonds
due in January has not been paid and The Bourse Of
Antwerp seventy three stockholders, or agents de
change have discussed al meeting proposition 10 re-
fuse the official quotation TO Argentine values If the
Buenos Ayres Government shall pcrscvere in its
injurious financial policy.
II Is almost certain. however. that the intervention
of General BarOlome Mtre in Argentine affairs would
be benefcent, remarked in recent cable Dispatch
Unfortunately, he will not reach Buenos Ayrcs before
the end OF May. lie has left Paris, where he had
been living in voluntary exile. and has to spain
lie will make OF that country until May !, when
lie will embark at Cadz for La Plata. llc is cA-
ceedngy popular, as explained In The Tribune
Of January 4, when news was received that General
Mitrc had been chosen Is a Presidential candidate,
despite his prolonged absence from the country. lis
candidacy has been approved by the unanimous vote
Of thc delegates Of The fourteen province, OF the
Argentine Republic. The election l. 10 take place
next october but the term of Tire present President.
Or. Carlos Pelcrrmi. end only IN April. 1-9:. Gen
pressed the greatest confidence ia the future OF Toe
la Plata region, and said he hoped that il would
take not than four years 10 restore the former
prosperity of that county, rich IN natural Ic
sources He added that the Argentine Government
abused its credit. lie also thought that immigration
had been encouraged nconsideratcy. and had been
year would have been enough instead OF the 300 900
who landed for instance, In 1859.