The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-03-25
COMMERCIAL.
Eros. oar Cs-a...rvl.I Osrr..p..a.ns.
NEw YosK, March 2a--rhur.dnx

NKw Yoxx, March z9--Thursday 4 D. m.
Inc buoyant ana improving state Of affairs which the
money market al the close OF last week. received
sudden check by the arrival Saturday most UNI
expected news of revolution in France, and the appre
tensions which that naturally in relation To its
influence upon commercial affairs Its immediate efe CT is
excite the appehensions in regard French bills
that the revuson last fall produced in relation to sterling
Accordingly all bills much higher; houses ask
cent and money has become tight, under fears of
wed export OF coin. The accounts left everything
state of uncertainty the of events IL would APP
pear that the King had abdcaed regency been rejected
the Count de Paris aside and republic declared
This latter is step far in advance, make return
to old theories impossible. II remains TO be how far
the organization will be peacefully carried forward
It's supposed there is material of resistance to the
pie, that evaporation further violence is be
apprehended; in which case, the revolution of
July temporary arrangement OF exchanges is all that
Is to be apprehended In the years 1929 and $780,
events pointed strongly revolution The pernacity OF
the Poiignac administration alarmed English holders
French funds, and Immense sales made. This with
similar operating France, shook credit
government TO its foundations and disposition hoard
and contract credits, made money very in France
The effect OF which was to gold flow from England
AT the date OF the revolution, the Bank OF England held
fl2 OOO, OO0-about the that holds The de-
rangement of money affairs in France caused to flow
steadily until February l83 when it had reached
rs 293 l5O Money then in England, and con.
fdence being restored in France the exchanges again
came favorable to London At that crisis however the
number OF failures in France large. The bankers
of Paris understood the nature the events and freely
ported their customers, who had also been oewarned by
the aspect of politics. At this time there has been great
contraction OF credits in France caused by revulsion
in England the railway crisis verywhee, and the nan
cial distress OF the French government Hence there
undue amount of liabilities adoat. That exchanges will
turn against England and portion of her recent large
imports of specie flow back to France is inevitable
Already gold had risen considerably in price in Paris, and
this will affect the United States markets for a time.
is not probable that any ongconnued difficulties OF
the government will interfere with the of trade.
Although the revolution has come suddeny-a little sooner
than il looked fort altogether pecled.
Since $780, there has been nothing oppose revolution
With the exception OF the stockholders and those in the
employ the there has been that would DO in
ured by it. There large andhoders, except the
King, (who, Due d'Orleans, has forest OF
~ O 900 per annum, and ST. 0OO0 900 from crown ands
and "a few leaders in the Deputies, like M Roy late Min
lister of Finance; and small occupiers only for
remission OF taxes, which popular government Will
effect The peers have power and were extiDguished
by single line from the provisional government. The
OF France derived entirely from
materials import of $26 900 900 worth Of cotton
per year from England and the United Staes the day
IS 0O0OO and the Goals and iron swelled the
amount $l2.OOO,OO0 The tobacco monopoly gave
the government $8 600 600 per The large class
OF wine growers have been the point of insur-
rection for years. because of the injury done to their
by the policy OF the Every class OF
citizens has felt the iron wearing into the bone. The bou
geois middle class, have clearly in the expose OF
VI
NJ Tese the ncon,rovertble fact that the government
of corruption extortng money from the unrepre-
sented many, to pay government adherents ALI these
classes recognise the fact that the electoral colleges COM
posed Of 0O0 OF 30 900 of people, form the only
asocratc body in the country; and that republic is
simply enlarge the number Of from 200 900 to
100000 and substitute elective head for hereditary
This change there is resist The people. the
national guard and the troops of the line The
Count de Paris and Guizot two; but these were
taken by surprise, the ambassadors Of all the
crowned heads and the latter have nothing say, until
they get instructions from their astonised governments
each and all of which WILL by this time have learned that it
is safest let F,ance manage her government in her
way. There have been fifteen ministries since 1885,
and these fifteen governments have been different comb
nations Of hall dozen men, Sout was in fve alternate
with and in opposition Gnizot, who times
in office. Theirs in six different ministries Vile
main, Martin, Duchate Mole, Testc, and 9TH
ers, formed the whole in various combinations Each one
acted with and against all the others in turna corrupt to
the Marshal Sou turned out of the fifth minis
try for piring and mafeasance in office, yet took Office
again when the blown over and the corrup-
tons of subsequent ministers well known Each OF
these ministers has adherents however, because each
while in Office disposed of great number of places.
Theirs, for instance bestowed Co. 900 offices while himself
in Thus there among the corrupt electors Mole
s Thiersists, Guizotsts &c but the cold of the peo
pie is upon them ALL These all little factions but there
is properly speaking, but party in France and that
embraces the nation- is the liberal party faithful
the revolution of 1879, to the constituent assembly
l79I. They dlsavowed the OF the
ton, opposed the despotism of Napoleon, commended
for liberty under the restoration, deceived
taught wisdom by the revolution of July and are now
in power in their right. This party, it may not
be doubted, will cooly and methodcaly, firmly and
peacefully, organize republican government; and, while
past abuses swept away the commercial policy of
France will be restored basis that will double her
with the United States be supposed
that a republican government will repudate the debt be-
cause by doing, they will ALLEVIATE the stockholders
(who in France numerous) from the cause,
throw them into the of the royasts, of which to
form party 1t is, however, very certain that the right of
suffrage be extended in France, without involving
Il similar movement in England. If the 100000 in
Great Britain but doubled in the present temper the
nation, the national debt may be considered among the
things that tendency to such result will pro-
duce migration OF capital the United States of which
the virgin subscription of the Rothschids United
States loan will be but the precursor.
The spring business has progressed thus far fairly
siderable export trade has been done in domestic and for
eign goods for Canton South America and Mexico. where,
ii would seem, American goods successfully compete with
those from England and Germany. The Vera Cruz mar.
represented active under the purchases of dealers
from the interior, in anticipation of settlement OF difficult
the OF the treaty in relation duties. Many
leading and southern dealers have been in the city,
paid up we'll purchased fairly and gone home The New
York canals will be opened until May LIST and it is to
be feared that undue influence is endeavored to be
by fowaers and large owners delay the open
ing the accumulation of goods may enable them
charge exorbitant eights and expenses by which inn
mense injury trade results Auction sales of dry-good
continue well attended, and buyers take goods freely-at,
indeed, low prices. The stock OF cloths is very large and