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Show MONTEVEDIO'S MONEV. A New Financial Dnnis Now in Ell'ert tn I raguay, . London", July 9. Tho London agent of the 'National Bank of Uragnay received re-ceived a cablegram from Moutevedio stating that the law suspending the conversion con-version into specie of notes of the national na-tional bank for a maximum period of six months has been decreed. Tho government guarantees payment of notes of tho bank, cedillas and government govern-ment debts, all of which are payable iu gold. Emission of bank notes is to be limited to $12,200,000, and to be guaranteed guaran-teed by the proper officials today. This emission is to bo received everywhere the same as gold. The despatch further states that absolute confidence prevails in monetary circles. |