The New York herald., 1845-11-10

in continental railways will without doabt, cause
drain Of bullion from the Bank of England and therefore
produce restrictions in the money market The bad har
alone are sufficient seriously affect the vsue Of
money, and make contractions in the currency by
creating external demand for bullion The rate of
interest has already advanced the continent The
Bank of England announced the 18th of October its
intention charge three per interest on short pa
per from that date and learn, from semi.oicial
source, that further advance will soon be made These
movements show that the directors of the principal
banking institutions OF Europe anticipate some crisis in
the umes, and are making preparations accordingly
The money markets Of Hamburg, Paris, London, and
New york. are so intimately connected that whatever
affects one affects the WHOLE and we shall feel the ef
fects OF an explosion the railway specuatons and the
contractons in all the departments of trade in conss-
quence OF the deficient harvests almost severely
we were more directly interested in them. All these
Things tend to advance the views of the bear party
they result they anticipate, their ends will undoub
edly be ultimately accomplished. Should the dark specs
that are now visible in the POLITICAL financial and
commercial horizon, not increase disappear alto
gether the bul party will remain in the ascendancy
and the prosperity Of the country will increase with
rapidy The the bears in the stock
ket depends upon complete prostration of government
State and individual credit and upon universal revu
sion in commercial affairs throughout the world, while
the success Of the opposite party those operating
an Improvement in stocks depends upon permanency in
the peaceful relations existing between all nations
upon an improvement the condition of all classes and
upon an increase in the general prosperity of this and
every other country in the world.
The Courier Enquirer, of Saturday stated that the
agents of the government brokers at Washington had
been in the market selling United States and State
to large amount on time, sellers option. We pro-
nounce the statement unqualifedly false in every
particular and the only foundation for the staement
was the fact that one Of the partners of the house
alluded to, in this city on the day previous
to its publication. The house in Wall street re-
presented as being the agents OF the government
brokers, and operating for them soid on the day al
luded to, stock to large amount foreign account
The object aimed at by the Courier in making this state
ment was to depress the stock market generally and we
must admit this was a very shrewd movement 70
that purpose Had it been true that these br O.
kers were large sellers of government sto.ks
the effect upon the stock mark ct would have
Deen sufficient to have met the views of the most Bit
ter Dear" The position they occup py as govern.
men depository and the connection supposed to exist
between them and the Treasury department are snfi
Client to give them the credit of being thoroughly in
formed IN relation to the movements Of the executive
upon our foreign affairs and gives their operations
character not enjoyed by any other house in the con
try. We do not think for moment that thew sccunv
any such position or that they any better
with cabinet secrets than many but nany think
the contrary, and would not hesitate to believe any as
sertions from any quarter confirming their impressions
The Courier was perfectly well aware of this, ant
knowing the importance many would att acb to the as
sertion, did not hesitate to give publicity knowing
also that it was without the slightest foundssion.