Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1848-04-15
Late and Important European News.
TWO STEAMERS ARRIVED.

TWO STEAMERS ARRIVED.
We stated in last, that at O'Clock the previous
evening, the steamer Washington, from Bremen via
southampton, telegraphcd below New York,
wherea she arrived at III and in "a hours thereafter,
the steamer Hibemia from Liverpool also arrived al
the same port-thc former bringing advces from Lon
don and Liverpool Goth, and the latter from London
and Liverpool to 9th and 25th March
There were no further outbreaks or tumultuous dis
urbances in France; and the apparently Instruction
airy movement, threatened in Dublin, with the i'm
posing title of ''NIonster Meeting quoted by
the timely arrest of three four of its leaders. But
the Spirit of Rcform-of Revolution-is abroad
throughout the length and breadth of Europe, as is
distinctly pcrccpbc by the tone of the public papers,
and by private letters which have not found their
yet into general circulation-or by what is, much
more may be inferred of what is not, written. We
have not space, in weekly, give 1.-THE of the
induces that point to approaching crisis, and that
crisis not remote; for all Europe, although thousands
millions of its inhabitants may be inscnsible of the
fact, appears to be moving volcanic surface
american StOcks.-(W quote from Barings' Cir
cular, London, March 2)-Somc parcels sent from
the Continent for realization, prices have rcCcded.
Sales of Ohio, New York, Pcnna., Md, Mass, and
S. c. at quotations. Since our last adviccs the three
last mentioned stocks not Of easy salctOr deal
in9s IN other stocks, our quotations cannot be relied
current, and the prices must be matter Of nego
tation Aab, fives, 52a55; do. Stg. 55a55; Ind old
Bonds, 3Oa33; Illinois 33a37; Ky. 6's, S6uS9; Lou.
Union Bank, 76as0; Miss. 6's, lS6l 50-buycrs; do.
SIS, stg. l5a2O; Michigan, 25aSO n. Y. SIS, eXdiv.
S5aS7 Penna. 635a66; 5. c. 5s 1855 to 1865 S2aS5;
Tenn. S5aoS; N. c. City, 75a75.
France.-Fiaancial Crisis.-1hc commercial and
financial crisis still continues, but additional fea-
lures OF any great Importance have since been
ced. The Bank of France and the Government are
exerting themselves in praseworthy manner to meet
the difficulties oGthe country The system of bonded
warehouses established by the Minister OF Finances,
though of ancient date in England, is to France,
and the effect is expected to be salutary The Coun
Gil of the Bank of France has determined that it will
not take steps for the recovery OF protested bills till
after notice and delay of relays. Anothcrmras-
ure, conceived in the same spirit has been adopted
1t consists in authorizn the presentation Of the
bills and promssory notes Of houses which have
pended their payments till the said effects fall due.
The object ofhe Bank is givee every one time look
about him, 10 collect his resources and to make face
against the almost overwhelming difficulties by which
the mercantile community is surrounded.
Another calamtous commercial failure has taken
place. The Bank of D'Echthal & Co. has stopped.
The house had large German cotton, particularly
with Munich, and its failure is considered TO be the
greatest commercial disaster which has yet occurred
The French Revolution--Its Progress.
FRANcE.-The state of the country is unsettled
and doubts and fears agitate its friends. The rcck
less, prohigate expenditure of the government OF
Louis PHILIPPE has brought the greatest embarrass-
ment upon the whole country, and will seriously
trouble the new administration. As appears from
the report of GARNER Pages Minister OF Finance, the
deficit for the year lS4S is estimated at SO,OUOOOO,
independent of supplementary and extraordinary ere
dts, which raise the total deficit created by the late
government TO CO.,, 525 ,00Of This report recon-
mends that the Sinking Fund should be maintained,
it is engagement made by the State for the Sc
curity Of the public creditor The report concludes
by observing that, notwithstanding the large deficit,
the position of the Republic regards its finances,
is not so alarming, nasmuch as after few years OF
prudent, firm and honorable government, the credit
of France will stand higher than that of any other
State in Europe.
'sAs for the means of extricating the State from
this desperate situation, says the London Times the
principal proposal is that of voluntary national loan
of 100 millions OF francs; but cannot conceive
that the authors of this suggestion have any faith in it,
The national loan of 1880, under very different cir
cumstances, did not produce twenty millions As for
the other cxpedents, what are the sale Of few dia-
monds or the coming Of some plate to relieve the
necessities Of a nation?
Zone of the immediate measures of the govern
ment was decree prohibiting the payment Of more
than l0Of i'll specie to each holder of stock in the
savings bank, the rest of the deposit of which
endorsement may be demanded to be paid i'll Trea-
sury bonds at four months, bearing interest OF
per cent?
But the most startling event is the partial suspcn-
sion of specie payments by the Bank of France.
This took place on the 18th March by the following
decree of the Provisional government:
Dirt. !. From the date Of the publication of the
present decree the notes of the Bank of France shall
be received legal tender by the public officers
and private individuals.
Art. 3 Until farther orders, the Bank is dispensed
from the obligation of paying its notes in specie.
Dirt. g. In case shall the issue of the Bank and
its branch banks exceed $50, 000f
Dirt. 4. In order to facilitate the circulation, the
Bank of France is authorised TO issue small notes,
hn nina
ton than l0Oi.
1t would appear that this measure deplorable as il
is, could not have been avoided The run upon the
Bank of France Wednesday, 10th, was awful
The applicants for money were so numerous that
they were obliged to place themselves en- queue as
at the entrances TO the theatres on crowded nights
and although this facilitated their progress, the last
conner hour and a half before he reached the
cash office of the Bank.
The state of the Bank at the close Of business on
the 10Th has been published Among its debts are
notes in circulation, including those of branches,
275 SIP francs due Treasury, 1853 092 francs
its assets included bullion and cash in branches,
1913 S43 500 francs; bills receivable, BOG, Oo3 SO9
francs, &C.
In the crisis the Government have rcsorted to ad-
ditional loans appears by the following decree III
the 1ionite,r of the 18th.
"Thc Provisional Government, considering that
the interests of the Republic requires that powerful
assistance should be Immediately afforded to labor,
industry and commences considering that 1t is not
necessary less urgent to reorganisc the military
forces of the Republic, DEGREES:
"1herc shall be raised temporarily, and for the
year lS4S, 40 centimes additional on the entire OF
The four direct contributions of that year.
"The centimcs bearing on the contribution levied
of landed property shall be at the charge OF the
propretors alone, Notwithstanding any stipulation TO
the contrary contained in any lease or convention
The amount of those temporary centlmes TO be I'M
mediately demandabc without any farther notice TO
the tax payers. The expenses of the collection OF
those additional centmes are fixed by the inspectors
at one fourth of the per centage paid on ordinary
contributions. No additional salary is TO be paid TO
the general or particular collectors.
"Made at the Government Council, the 10th OF
March, lS4S.'