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published in to-day's France upon the bankruptcies of States, proposes the establishment of a grand international institution of credit, under the title of La Banque des Etas, which is to operate by dealing with nations who are in want of funds, just as the Bank of France would proceed in the casa of private applicants for credit. Whatever may be thought of this project, it scarcely presents a panices for the present woes of Turkish and Egyptian bondholders. What the world would seem to demand just now is a bank to cover the deficiencies of the past, rather than lock the stabledoor in view of future contingencies.-Paris Correspondence London Times. RAILROADS AND BUSINESS. Railroad earnings have started 06 on a down grade. Thirty-five roads report for January and February aggregate earnings of $19,536,341 against $16,974,787 during "the: arme months last year, a gain of 15 per cent. or these only twenty-nine have reported for March, and these same twenty-nine earned in January and February $13,648,174 against $11,415,103 during the same months last year, & gain of 20 per cent. But their earnings in March were $6,583,055 against $6,220,115 during that month last year, a gain of only 5 per cent. Finally roads have reported for certain weeks of April. and their earnings for those weeks aggregate $2,342,730, but during the same weeks of 1875 the same roads earned $2,329,920, so that no gain at all appears. The worst of it is that nearly all these returns were prior to the beginning of the war in freights, which threatens to reduce earnings much below those of 1875. As an illustration of the decline in business, it may be mentioned that in April, 1875, there were handled at Indianapolis 35,871 loaded cars, and in April, 1876, only 30,972 loaded cars.-The Public, May FLUCTUATIONS IN MINING STOCKS. The Alta-California of Saturday last says, with TOgard to the onslaught made upon the Bonanza stocks The week just past has witnessed more gyrations of stocks than any other similar period this year, or since the days of the panio last August. For the breaks of the past week there have been less causes than for any like course for the past several years, and certain prominent brokers have whataver credit-if there is any attached-for the success of their plans, enriching themselves at the sacrifica of all claims to rectitude. The promulgation of false stories about the mines, the employment of customers' stock, and the concentration of capital. were the means combined that didithe work. Never before in the history of the Comstock have there been such flattering developments and prospects. All the way from Sierra Nevada, on the north, to Knickerbocker, on the south, the, most extensive preparations are being made to run drifts and cross-cuts, and to sink winzes, to either prospect the mines or drain those filled with water, in order to put them in a condition to admit of the resumption of work as soon as possible. California is contributing her millions and Con. Virginia continues her usual heavy shipments: Ophir and Belcher are running over & quarter of a million each a month. There is nothing the matter with the mines-the difficulty lies with the depression in prices. SAVINGS BANKS. The comparatively high rate of G per cent interest paid by savings banks often leads them to take risks that would be avoided by conservative financial institutiona. The savings banks which have collapsed in New York have in nearly every case exhibited a melancholy assortment of broken securities that promised impossible rates of interest, and of risky negotiable paper. The Bucksport Savings Bank of Maine, recently suspended, had the most of its deposits invested in railroad bonds, on which the interest had been defaulted. The necessity of paying 6 per cent interest is burdensome and dangerous in these days of depreciating securities and shrinking values. It would be better to lower the rate 80 that the banks could make safer investments. Gov. Ingersoli, in his latest message, gives an on couraging statement of the condition of Connection savings banks: I have reason to believe that the banks have been very carefully and thoroughly examined by the Commissioners of the State during the year. and the report of the Commissioners shows that they are generally in a sound and satisfactory condition. 1 doubt if their affairs were ever administered in closer conformity with the laws of the State than they are at present, and nothing more than this is needed to insure their soundness, NATIONAL BANK RECEIVERS. The bill reported by Senator Sherman from the Finance Committee, on Tuesday, 'authorizing the appointment of Receivers of national banks, and for other purposes, is, with amendments. the same bill that passed the House on the 5th of April. The first amendment strikes out the provision whereby a single creditor can enforce the individual liability of banks in liquidation, and make it BO that all the creditors must join. The second strikes out Sec. 4, which prohands, posed to authorize the money in a Receiver's belonging to a national bank in Liquidation, in United States bonds, pending the acttlement, The next amendment strikes out the proviso to Sec, 7 of the House bill, which says that savings banks authorized by Congress shall not be required to have a paid-in capital exceeding $100,000. Sec. 8 of the House bill is stricken out. If proposed a repeal of the act of Congress authorizing the organization of savings banks in the District of Columbia. There are some other unimportant amendments of detail-Washington Correspondence New York Daily Bulletin, GOVERNMENT BONDS Bid. Asked.
