The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-28

the steamer will prove disastrous than any thst
has heretofore reached The fear IL that the Char
fists movements will entirely overturn confidence that
the credit of the Bank Of England the government
mo. commercial cst abshmsnts, will yield to q common
chaos, and q natural consequence the reaction on
this country will be tremendous Deprived of the usual
facilities for sending forward produce through the
means Of exchanges Wa shall be compelled 70 make
large in specie dsch
goods importing; and should this counter our
rent prove extensive 1t is essy to anticipate what will
be the condition of our banks. Tho last accounts
brought US tidipgs OF the withdrawal of large deposit
from the savings Institutions in Ireland, which had
ted the most serious alarm to the Royal Bank of reand
and to such an extent were those premonitory symp
toms that apprshensions entertained that similar
course would be pursued in Englsnd, causing heavy
depression in tho price of the capital stock Of the Bank
Of England 1t is impossible to foresss to what
travansanoes these monetary endorsements may 20
whether the suspension Of general confidence will not
throw back the United States every bill Of credit
which has been negotiated and not run to maturity be-
fore the crisis There IL scarcely or banking
establishment in this country that may not DO compe-
cd to rest entirely its independent resources but We
fear there very few entanglsd with foreign connec
tons, who are crcumstanced to DO able to with
stand the general wreck and crash Of European conf
dence 1t il in vain speculate the strength of the
berings, honeoulloe hopes inc bsnk5 Oh cussnu snd
Of France, Of whom resist the power Of the
general food and In such periods Of political overthrow
the financial collapse becomes universal
The last quotations for United States Government
stock, in London, show an apparent improve
ment but there 10 much reason to believe that
the rise was artificial, In order to produce an
effect In this country, that those who had
Gently taken our treasury loan might have opporu
nifty to dispose of their interest better advantage 1t
is well known that the nearly
four millions of treasury notes. and squsly
rous that they are extremely crippled not having the
ability to meet their responsibilities to the
French government Thus then have they undertaken
this stockjsbbing movement in London There need be
no better evidence Of the probable accuracy Of this
picion than the fact, that while sudden imitation
given to government stock, the soundsst State
stocks pressed the London market, at depre-
cia cd prices by their continental owners-the Hopes
Rothschilds, &s.
is also matter of certainty that large amounts of
bills drawn full credits and property consigned
and In some instances where there joint interests
have been refused acceptance II this wouon species
Of dishonor this disregard Of commercial faith, be
tended to the final return Of the exchange the
Southern banks must become seriously embarrassed;
and as most Of their exchange has been negotisted
through this city is easy to foresee that shall DO
placed in situation Of extreme peril Tho end will be-
great financial and commercial distress, throughout
the Uuited States, productive of much misery, bank
ruptcy and public and private sacrifice of credit but
should be able to resist the torrent every important
interest in this country must, and hope will flourish
beyond any former period of success
The annexed statement exhibits the aggregate
Of the specie currency of France according the latest
official reports from the Mint The circulation Of paper
In France limited than in this country in
nr>.k p,Sko t. of
the Bank of Frsnee issue bills Of less denomination
than Ave hundred francs equal to hundred dollars;
and the principal circulating medium Of the masses, in
their daily transactions therefore, gold and silver
The recent decree Of the provisional government grant,
ing tho Bank Of France the privilege Of issuing bills Of
tho denomination low hundred frsncs will In
the paper the country and supply the
place of large amount of gold and silver which will be
boarded by those who have faith in tho stability of
the new government.
COINAGE OF GOLD, SILVER CoPrER CoIN FRANCE
Manufacture Of gold pieces Of coin on
Manufacture Of silver conn., ........ $3.50, O42 S97
Total OBSERVATION-DISCLOSURES. fr 4s22 ,4s4,ll7
To this amount must be added the coinage Of bullion
and copper pieces made from l726 to 1875 which would
present total Of fir 10 dsductng several pieces
Withdrawn from circulation by various laws, and
coin.d would reduce the above amount to abou,
( So s77 ,20s, which, added to the above sum Of
fra s2a ASA III, makes . fetal of fra $50, s6l $40.
1hs following is the account, according to each
vsral pisoe:-
franc pieces with Hercules on them,
coined before 1903. fr. lO6 2s7 256
Gold and silver pieces Of the LIST Consul
and Napoleon .................. l4l5. s54 496
Louis 18th pieces. ............... 004 1853 40
Charles 10th pieces. 695 43O 240
Louis Philippe pieces. l7I5 1913 957
Copper coins OF different reigns. 52,s77 203
---
Total ............"....... IF. $50, $40
The gold coin is divided as follows -
Pieces of 40 francs. ................ 3O4 4s2 $50
20 francs. ................... s63 ,O09 $50
Total ...""..... 1857, ,72o
The silver coin is divided as folows:-
Pieces Of francs. NEUTRALITY-SUSPICIOUS.. s,el6, 2se sos
&" francs. ACKNOWLEDGEMENTS. 90 SSl ,230
4" l franc OBSERVATION-DISCLOSURES. 81 002 4s3
" 500. NEUTRALITY-SUSPICIOUS.. "a $50 295
"a" 25c. ACKNOWLEDGEMENTS. 5079 6s4
Total. ...-............. $3.50 O4a S97
Thus, France possesses In specie, q capital which,
,uts0 ko al IN fnv,~