New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-03-20
Summary.

The accounts from France represent great
want of confidence in monetary affairs. The sus-
pension of the Commercial tank OF Hsvre, conduct
ed under the firm Of Messrs. Dubois 4 Co., has ere.
ated the greatest CONSERVATION in that city The
following is from the Journal du Hare:
An event as unfortunate as unexpected, has just
spread CONSERVATION throughout this place. Yes
terday report was suddenly circulated that the
Commercial Bank of Havre, conducted by M. C..
Dubois. was compelled to suspend payment and it
is easy to Judge of the CONSERVATION occasionedb by
the endorsements of sn establishment, the whole
course Of whose business had inspired the conf
dence which insured multiplicity of deposits and
ths security of families. Alarm, consequently,
spread rapidly throughout all classes, and although
common sense, upon reflection, tended to reassure
the uublic it is still desirable TO give more posi-
tive reasons for securing tranquility upon the sub
ect 80,
Later advIces from Paris announce the failure OF
the banking establishment OF Nj. l.. Lunyt The
honse was n highly respectable one but the la
bties are not supposed to be very considerable.
Tee commencement of It's difficulties is attributed
10 loss of 500 600 through the suspension OF DO
nafFc & Co. OF Havre which occurred two or three
months back Mention has also been made OF the
failure of firm named Jaques Reinsch X Co bank
q
fl6 600 The Havre advices state that business,
which had experienced a severe check from the
suspensiou of the Commercial Bank was now
somewhat better in consequence OF the prospect
of permanent aid being afforded TO that establish
ment.
Scarcely less important in its consequences upon
the peace of Europe is the decision OF the tmper'
or of Russia. Nicholas has grown more cautious
in bis declining days. He is by no means anxious
inst nov To buckle his armor, even IN the cause
of despotsm, or to serve his beloved cousin-Aus.
tria. In VAN does Metternch beg for renewal
of the intimacy OF by gone times and seek to enter
into an alliance, offensive and defensive, with
| the Gar He respectfully declines the advances Of
the bankrupt State.
| He cannot even afford loan but still. to serve
an old ally he is willing to invest some oths surplus
| roubles in the Austrian funds Lord Palmerstor
might well exutlast Tuesday in the House OF Com
| mons The Hero of the Holy Alliance is therefore
lett 10 contend with Italian hatred. domestic dis
| content and a bankrupt exchequer as best ht
| may. Nowonder that, under these circumstances
| he assumes n moderation which is fatal 20 his IN
| Suence.
The power of money is great We have seer
what il has lately accomplished at home. But I
will be somewhat of a novelty should we see th'
great despot of Southern Europe, Ike modern VIII!
Statesmen become the victim OF bo.tomless ex
cheQuer
The advices from Frankfort report the statemen
of accounts and the state Of affairs of three of tn
insolvent houses as follows Messrs Flershein
state assets at 4ll777s forms, liabilities a
4lO42il. In the case of Gontsrd n Son, proceed
ings had been opened for voluntary bankruptcy
to which the creditors were understood 10 assent
Messrs. Kusel of Carlsruhe and Frankfort ba'
made an offer of 25 per cent In full OF all dc
mands, which the creditors appeared disposed
accept.