New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-04-08

charge OF English servants and operatives Fur.
niturc. plate. carriages, all yaluabes are being
sold at auction az enormous sacrifices and the Eng
lish are flying from the city with all haste, fearing
another revolution. The hotels, lodging houses
and shops are not doing sufficient business . pay
their rent Manufacturing and industrial estab-
lishments making halt time, or are altogether
closed. Thousands Of Operatives are without work
and in desperate state Of restitution From
these idle aud destitute il is feared that Sc
rlous troubles will spring.
The MoH,teHr Of the 18th published a report OF
the financial state Of the country. The public debt
amounted on the lst Of anuary lsi-. % ) 1854
100 francs The Minister, after shO wing that the
budgets under the late government had increased
enormously. says that the sinking fund should be
maintained and that the government intends 70
make a great reduction in the number OF public OIL
GERS and 70 greatly reduce their salaries He then
declares that the crown diamonds, jewels add plate
found AT the Tueres belong 70 the nation He adds
that the private domain remains sequesered at the
di.oosal of the National Assembly With regard
70 the loan the Minister states that il is doubtful II
the rernsinder ii the instaliments will be paid up
by ~ Rothschld, and be proposes to borrow
100 600 900 by way Of patriotic national loan, %
be issued at 3 per cent.
This financial statement had An unfavorsble effect
at the Bourse. The Threes which were quoted the
day before at 80 go opened az 40 and closed at 80
The synopsis Of the reckless exuavae ance OF the
late government produced an explosion Of lndigna.
ton from the opponents Of tine Dynasty Of July, ana
covered IT'S friends with confusion. IL "a stated that
the financial chaos could not long have been adjourn
ed under the monarchy Of Louis Philippe and Guizot,
az a country expanding at the rate, for several
years, Of sixty millions sterling per annum upon an
income Of about forty four could hardly al TO De
brought 10 a stand sooner or later and produce
financial confusion and great disaster.
The Provisional Government Issued decree on
the 9TH empow ering the Bank Of France 10 sus-
pend specie payments. Bank notes have been
made legal payment. and the issues OF the BANK
have been limited This measure created much
alarm at first, but is said that It's ultimate effect
will be to keep from bankruptcy many banking
and commercial houses, which must otherwise
have Welded to the commercial and monetary
crisis Of France
On the 18th the news reached London OF the
stoppage of the Bank of Lattte, Blunt y 20.
which was caused in part by the failure OF GOuia
u 90. and by the great depreciation IN railway
shares. This event caused serious embarrassment
TO a great number Of English residents In Paris.
On Monday the 9th four Paris bankers stopped
payment Bandon Etienne and F0urchon-On the
same day it was reported that Rothchiid intend
ed to close his banking house. and lquldate his
affairs. A letter from Paris was received IN Lon
don, last week, which stated that this eminent
house had stopped payment The announcement
OF this report in the city caused the greatest eA-
1
dicted the report.
cannot write at this time about the ordinary
news Of the day. | may, however, add two OF
three items.
Mr.. Elihu Burritt is now in London, and will de-
liver lecture at Exeter Hall on the Gath inst on
the PHILOSOPHY of Labor" This lecture Will be
| delivered before the Metropolitan Early Closing
Association" 1t will no doub, be brilliant affair
and will be listened to by upward OF three thousand
persons. l will give you synopsis OF It In my mex
letters.
The steamer WAsHISeT3s made such RAPID
| voy age from Newly ork 10 southampton that sht
took every body by surprise. Her trip OF only jour
teen days advanced her reputation at once as fast
vessel. she was only thirty ak hours coming from
| Bremen to Southampton, and, consequently, brought
! important news from the Contir emit which was sem
to London by the telegraph and Immediately puo
/ lished
She will leave for New.York to morrow morning
and by her you will receive the London papers o
the 2lst and a teleeraphic despatch which shal
forward to The Tribune.
Your very obedient servant, 7.