Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-11-03

HIG HLY I'M Pc r Il A n u
FROM
E y Il o p e.


European WAR - Asia---Critical state of
Faris---Prcbabie Revolution In Francc---
Depression In the Eondon Money Market
By the arrival Of the packet ship New York, Cap
tain Barstow morning, we received highly
important intelligence from London down to the
7th nit Icing four days later. We Immediately
and thousands sold and cent Oft TO every part of the
country. At two O'clock we received by Horse En-
press, over Long Islind, the intelligence by the
packet ship Westminster, Capt. Moore, with Lon.
don dates to the 10th, and Portsmouth to the 18th
for which we retun Capt. NJ. our thanks. Immedi-
atey after this also, we issued a SECOND EXTRA
and sold and sent it ali the city and country as
the first Yesterday was a great day for news
Our immortal Commodore brought us our papers
in advance of all the Wall street ioafers full one
hour.
This intelligence breathes Of war in the East-and
disturbance and revolution in France. The most
important point is the contest between the war and
peace party in Paris. Theirs is the head of the war
party-Louis Philippe ofthe peace party The de-
struction Of Beyrout has exasperated the French
people, and they cry for war-and il war is not si
ven them, they will most like proceed to revolu
tion.
The details of these views, facts, and opinions,
will be found in columns.
The corn crops Of Europe have turned out well
but their money market is in very deranged state
in consequence Of the menacing position of affairs
in Europe and the East.
There is overland mail from India, with dates
from Canton TO the 5h June, but it brings nothing
later than we have already published direct from
China.
On the whole, the quiet Of Paris--the position of
Loais Philippe-the peace Of Europe, are all in
more disturbed condition than they have been for
the last quarter ola century.
LONDON, Oct l0.-IEe Quarters Rerenue-We
regret TO state that deficiency upon the Quarter
will appear the statement In the Excise depart.
ment this deficiency will be rather apparent than
real.
In the Customs there is an actual deficiency. This
has been occasioned by causes obviously powerful
to operate to the disadvantage Of the Revenue The
corn averages during the quarter, compared with
IL
the duty paid on importation.
In the Post Office increase will be shewn, suf-
hcient to prove that the new system will gradually
achieve what its and ad ates have pre-
dicted-a revenue eventually equal to that derive
from the former heavy rates of postage, while vast
public benefit will have been effected.
state of Paris.
LONDON, 10Th Oct 1910.
The Paris journals who have published their OPT
Mons this measure are at variance respecting its
motives and objects One party regards it as in
ducad by desire to the Ministry from the re.
sponsibilty OF a war, on which they were deter
mined; another, and perhaps better informed por-
ton Of the press, considers il a means by which
Ministers hope to be extricafed from the difficulties
which ovsrsirained excitement light prod
il should become apparent to the public that war
to be avoided.
Out Of doors similar diversity Of opinion pre- all
ed; but il would appear from our private letters
that everywhere, except the Bourse, the prepon-
derating one was on Thursday OF the unfav orable
kind. This would, however, prove little. No new
fact beyond the spread and increase of alarm or of
irritation among the population had become known,
but the tendency Of these was not only to dcpress
the spirits Of all of the public who relied peace
but also to enhance the difficulty and the danger Of
the Government, should il be ultimately resell
we'd that war would not be resorted to. From
every seaport, and indeed from every internal
town city of France in which a newspaper
was Published, there arrived in Paris evidence
&C the earnestncss OF Government To prepare
for the worst alternative and, stupid il is,
order to work up public feeling TO the proper pitch
OF evaporation, the Republicans had also nrived
to produce in all the theatres of France, in the
Acadc mic Royalc du Musque Of Paris, calls for the
Marseillaise hymn general and pres sing, that
the Government, which at first attempted to stilc
those cries, was Obliged to order that they should
be aequiesced in, and accordingly we find, that at
the Grand Opera on Wednesday night the Marseil-
laise hymn was played by the orchestra, and sung
in chorus by the occupants Of the pit.
THE TINES OrrIce. Friday. Oct O.
Convocafion OF the French Chambers.
We have received, by extraordinary express from
Paris, the Moniteur Pdrisien and the 1fessager Of
Wednesday night. They contain the follow ing an
uouncement -
1.-THE Chambers are convoked for the 18th Of Oc-
tobcr. The ordinance Of convocation will ap,ear
tomorrow in the Moniieur."
This intelligence produced at Tortoni's, on Wed.
nesday night, new panic. A fall took place nomi.
nslly in the funds, but in fact no directing prie.
could be asceraiped The first bargain Tin the three
per cents was done at 65f 75c A slight improve
ment aerw took place and they rose to G6f; blu,
our letters state that little or no Business vas done
and that species Of stspor rcisned among the spe
culators.
The general rumours and belief were that NJ
Theirs had pressed the King to consent to take
measures tantamount 20 q declaration Of war. Tha,
His Majesty weuld only, in the absence Of ths
Chamber, gree 10 strong representation 20 tho
four Powers, the reply TO which could hardly bs
expected before the lapse Of three weeks and that
the Chambers should in the mean while be convok.
ed fer the end Of that period the views Of the
King or OF his Government woald be submitted ia
them, with the results Of the last appeal to the So.
vereigns parties TO the treaty OF the 18th Of July
LoSpos,Oet7 -Ourraris cores pondcnt writes that
NJ Theirs has already proposed and insisted, in the
Council on declaration Of war, on sending IS
TO the Rhine, and also to Alsxandrs, 10 despite Of
the blockade. On these questions, n. Theirs was
in the minority. On Monday or Tuesday similar
proposals will no doubt be made, accompanied by
offers Of resisnatos So that, whatever be the result,