The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-06-27

early in the spring. Under this impression, hold
ers OF wheat last Tuesday submitted to decline
OF Sd per az lbs. from the rates of the previous
Tuesday; Flour also declined Sd per sack and
per barrel.
o'clock, p. M.
The weather Is now fine, and likely to continue
so: Wind W.N.W; fresh breeze.
i cannot hear OF anything further worth commu-
nicating to you. The britannia" sails at $3.50
TINS afternoon ALBIoNA.
PARIS, June 7, ls4s
The Bo1se and Money Market.
The general heaviness of the money market Is
the surest indication of that want of confidence
from which all classes of society are suffering.
Confidence cannot be restored until the National
Assembly, the interim government, and the Minis
tiers, are unanimous, and seriously set to work to
form real government, and restore affairs to that
regular course which was interrupted by the revo-
luton OF February. Public opinion demands of
the majority of the Chamber to declare ITSELF and
looks anxiously for the project of law, the decree,
the vote of confidence, or the division which will
mark out its distinctive character, be it republican
of the "peiNe," or republican of the setden,a TO-"
On the day when this majority shall be declared,
we shall know In what hands Is the power; we can
oppose or support It, and can form judgment as to
the, probable stability of the new order of things,
and place such confidence in il as we NAV deem
wise 1t is this which is desired by men who have
devoted their lives to commerce, to industry, to
agriculture, to all the professions the active pursuit
of which depend the riches of the country. They
commend the report of NJ Talloux on the amelio.
raons in the arrangements of the atciicrs natioamr
of the Minister of Public Works, tending to the
same end and conceived in the same spirit of JUS
tice and trmneess; but unhappy this Sbut an ex-
cepton to rule. We see NJ. buclerc, the Minis
ter of nance, at war with M. BiIlault the chair
man of the Committee of Finance; and worse
than thus, two committees ofth government, hold
One says. "repurchase the railways the other,
'do not violate contracts" The Minister of FL
nance requires the repurchase the basis of some
great scheme of finance that is to relieve us from
all our embarassments, but refuses to declare what
Is his scheme. The chairman of the committee
declares has no foundation solidity, be it what
It may. When arc we to be relieved from thiz con-
fusion! We advocate strenuousy respect for con-
tracts, and fulhlment of all our engagements; but
to accomplish these we must have government
who possess power, flrmnesS and Intelligence
With restored confidence, there would be no diff
Guilty IN finding capital, difficulty in contracting
a loan OF four hundred millions, no difficulty in
meeting all our engagements-without confidence
restored, every step we take will only plunge us
into further embarrassment.
The funds have varied but little since my report
OF last week. In railways nothing has been do
ing since holders will not sell, and no one will
buy under present uncertainty to the measures
OF government with respect to them.
Bank shares are at IL 30, the last weekly bal
ance sheet being very unsatisfactory. The Bunk
has now IN hand upwards of fifty millions of
francs in discussed and protested bills 1t has
not, nor is it very likely soon to resume cash pay
ments.
Treasury loans have considerably improved,
being at only % to Fl discount; this Improvement
has arisen from the declared intention OF the Com
mitee OF Finance to recommend their conversion
into hive per cent stock at 10.
Italian stocks have considerably improved with
IN few days, on account of very favorable news
received from the seat of war of victory obtain
yy Tho If..It
render of Peschiera.
A meeting has taken place to re-establish the
| cortisse tor the purpose of time bargains, but
yet no dehntive. arrangements have been made;
1t Is said, the sales will be more stringent than
heretofore; at present. however, its re-establlsh-
ment Is not OF much Importance, as, under actual
circumstances, there are very few, if any time
bargains done beyond bargains for the day.
Threes are at 46 Is. Elves at IS.
Irish Intelligence.
At great meeting in Dublin, the preparatory
step towards consolidation of all repealers, Mr..
Meagher delivered the following eloquent speech
Mr.. THos. F: MEAeHER next presented himself and
was received with the most rapturous cheering. He
said-Citizens of Dublin since We last assembled in
this hall event has occurred which decides
We are no longer masters Of lives They belong to
the country-to iberty-to vengeance. loud cheers)
Upon the walls Of Newgate fettered hand has in
scrbed this destiny We shall be the martyrs the
rulers Of q revolution. Zone, two three-aye, hun
dreds shall follow men exclaimed the glorious citizen
who was sentenced to exile and Immortality upon the
morning of the Goth of May. Cloud and prolonged
cheering) Such was his prophecy and his children
will live to say it has been fulfilled. Let mis-
sensible othe obc alton they impose II is an ob ,H
ton from which there is exemption but through in
fanny. cloud cheersl Claiming your trust however,
-depression->shame Doubt, the truth Of
those whose advice restrained your daring D-pres
son inspired by the loss Of the ablet and the bodes
man amongst us. slIear, hear, and cheers) Shame,
excited by the the insoence the impunity with
which he was hurried in chains from the island to
whose service he had sacrificed all that he had
all that made life dear and honorable, and glorious
to him-his home, his genius, and his liberty cloud
and continued cries Of hear, hear In those feelings of
depression and shame deeply share; and from the
mistrust with which of you, least may regard
the members of the late Council shall not hold nv
self exempt. II they to blame. so am l. Between
the hearts of the people aud the bayonets took my
stand with the members of the Council, and warned
back tho preciptatc devotion which scoffed at pru-
denee as crime. loud cries of hear, hcar) / am
here to answer for that act If you believe it have
treat ME with no respect-vndicate your courage in
the impeachment of the coward. (Cheers) The ne |
cesses md pcrils of the forbid the interchange
of coureses Civilities are out of place in the whr
tumut of tho tempest And do not fear that the for
FIXTURE of your confidence will induce in the
citation Of the In the ranksby the side of the
poorest mechanic shall proudly act, under any
cutive you may decree. Qiear and loud cheers) |
summon the intellect and herosm of the democracy
fron the workshop the field tho garretbnd the brow
Of labor with the crown Of sovereignty place the
sceptre in the rough and blstered hand-and to the
death shall he the subject and the soldier Of the
pebeian king enthusiastic cheors) The address of
the Council to the people Of Ireland-the address
signed by William Smith O'Bren--bsars witness to |
your determination. II states that thousands of the
Confsderates had pledged themselves that John Mitchell
should not leave these shores but through their blood
(Cres Of hear, hear) We were bound to make this |
aforementioned in justice to you-bound in nor to
spring from that scene Of victorious defiance in wbicg
the government played its part without stammcr
check none falls on you You would have fought had |
we not seized your hand', and bound them Cloud |
cries Of hear hear) Let foul tongue, then. spt it..