The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-29
MONEY MARKET.


Wall street was in perfect f.rmsnt to day. The
from Europs ha, completely business and such
is the excitement that it will require day OTTO
BILE those interested to tako calm and careful view Of
things The advicss in political point of vew Of
the most vital importance, much 70 as any ever
ceived from the other side OF the Atlantic upon matters
in which rot directly interested We can hardly
form any idea at present Of the probable effect Of tho
political movements in Europe upon financial and COM
nsrcia affairs in this country. There is no doubt but
that French merchants aud ell those connected with
France commercially, will be seriously embarrassed in
their business maers and should not be surprised
if many failures place within tho next three months
Trade throushou the Continent will be seriously inter-
rupted, and rovulsiou alarming than that rea-
Lied at the close of s47 WILL without doubt be tho
salt of the political revolution 1t will require months
bforo the political affairs Of Francs become settled
and even after form OF government has been deter
mined upon by the French people, and order rslgns
again in Paris and in the republic The unsettled state OF
the rest of Europe will for long time prevent re-es
Enlistment of public confidence and the financial af
frs Of Europe will contipus less dsrsnged, to
the destruction Of trade and private credit. We shall
f.el the effect Of this restricted export trade, in
duced prices for our great stsps productions aud ia
external demand SPECIE and unless import trade
experiences corresponding reduction, We shall be Sc
riouy en- bsrrsssed In fuances The revolution in
France in $40 had very uufavorabo eject upon
export trade with that country Although the revolu-
ton lasted but three days. and then settled down at
once into permanent government, without any impor
tant changes In It's form, exports to France tho fol-
loving year fell OF nearly Atty psr cent. If such
tue eec, Of partial changs In the government in $780,
we form idea Of the effect Of such thorough
and complete revolution has taken place in France
within the past month la 1880, the revolution dill not
extend itself much into tse neishborng countris,;
neatly every country In Europe is less affected
By the movements in Francs, aud even If the psoplo
restrained by concessions from open hostility by
such changes will DO made In the administration OF mo
narchal power 1t will weaken the thrones OF princes
snd strengthen the peopls in their position Revols-
tons go backward an old sdsge and true one
fsuccess fails to the first effort docs not de-
stroy the spirit which is merely smothered ana muss
hnd vent again. The French better prepared Tor
republican form of government than any other nation
In Europe and will be many years before more than
one extensive republic exists Ia the old world Francs
WILL however exert a wonderful Influence, and hc- OK
ample will stimulate the people in every part OF Europe,
and prevent .heir falling back again into hopeless de-
preston The whols w0tli will be benefited by the
progress France has made in establishing tho only
perfect of governments and il other nations around
her are yet prepared for such change their rights
will be respected their prvil, ges increased their
burdens Hghtened, and their condition improved IN
mxny ways The monarshs Ct Europe have learned
from this tn there is Limit to forbearance and 'hey
will be very careful how they that IN
France has sent powerful king flying from bis country
in disguise the risk of life and mo-whica mas seat
tered the royal family, hawk scatters ofoos o.
chickens.