The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-10

than enough, to deprive them of all decent pretex
for attack, and this is the reason why they are mos
furious. 1t has done every thing except destroying
the rights of property and the ties OF family
Madame Georges Sand, whom you must know il the
most Iabid of democrats declares that President eli
gibe at intervals of four years, only three Al
bad King; and Chambers lasting three years, hav
all the vices Of monarchy. This remarkable lady
would have annual psrliaments, annual presidents an
nual magistrates in fact nothing would be stable II
bad her will and Franco would be the theatre of chronic
excitement
Another event which has signalized the interval
since my last letter. has been the of Prince
Louie Napoleon, who you will recollect elected
representative in the Assembly for less than fSu,
departments
Nothing could exceed the popular excitement which
followed tho announcement of bis approach to the
French capital. The executive government resorted
to every practicable to induce the Assembly to
pronounce his exclusion, but all in vain his ad-
mission was voted by a large majority Tho letters
which he addressed to the President Of the Assembly
afterwards became subjects Of and discus
sion. His name was adopted as w.tchword in the
streets by the populace and In instances in the
barracks by the military The government became
alarmed, and announced that they would apply
to the Assembly again for decree Of exclusion. In
the midst Of this excitement another letter arrived
from the Prince greatly to the atonshment of ALL in
which be resigned his commission represe on
the ground OF not wishing to be the Of exciting
disturbances in France, imputng however, the distur
Dances to the hostility manifested against him by tho
government
in full in the London journals This resig nation of
course put end to any further hostile proceed ngs
mented the popularity of the nephew of the Emperor
have just learned that he has bee elected OF
ofthe legions of National Guard of the
and likely to be elected Colonel Of the End legion
Paris No entertains doubt that he will again be
ed by still larger majorities for more de-
partments In a word the melee which is now about
France Of
will make the chances Of the Imperial family not at all
bad.
Is the Duke of Bordeaux the Prince de Jonville who
is the uncle of tho Count de Paris the Prince of Leuch
tenburg, soninlaw Of the Emperor of Russia another
Canine, and Jerome ex-King of Westphalia.
will scarcely be believed by your public, that the
republic here is now actually unpopular with the
masses The fact is nevertheless indubitable.
For several nights the populace have collected at va
rious points, and particularly in the square front
the Hotel dc Vile, where The general cry has been
sIiue Napoleon ~ g Vive PEmpereur !" The night
before last individual had the imprudence to cry
I" Fra Ia Repubhque ~ when he immediately sez-
ed by the mob and carried to the quay wall to be Jung
into the river He only saved by the interpolation
of the military and police the latter Of whom suffered
severely in the conflict
The Bouevards and other public thoroughfares
medals bearing the efagy of Louis Napoleon Some
millions of these have, they say, been put in orcula
ton Portraits of the Prince are also stuck up in the
principal thoroughfares Hawkers also selling
these portraits, bearing one stuck on board at the
end of pole
Innumerable caricatures are exhibited having refer
this state of things One of them repre- ents
the Prince de Joinve and Prince Louis Napoleon pre-
sentng themselves to the French populace the former
bearing the Gallo cock and exclaming Je Poncie
de ~ and the latter bearing the imperial
eagle, and saying, "Je suis ie neven de mon oncie '
Meanwhile misery stalks abroad. Wealth. rank and
fashion have vanished from the French capitalize
places of public amusement empty, and threaten,
is said to close their doors There are 100 600 un
employed operatives in Paris alone, receiving daily
stipend of thirty from the State for nominal labor
and in the whole of France it is estimated that tho
operatives similarly supported, receiving from the
ate gratuty at the rate of $4,000 millions of francs
year Private enterprises thus doubly rendered
incapabe the necessarily consequent the
present state Of things would be bad enough but the
operatives now demand exorbitant wages, knowing
that they have the aeliers naonau to fall back upon
the higher classes fear it will terminate either in
anarchy and terror the one hand military des-
potism on the other INVESTIGATOR
PARIS, June %, IS4S.
The Boursc and Money Market
The adjournment of the discussions on the rail-
ways has nearly put stop to all business, and this
added to the uncertainty of all financial measures
enables me to report no changes of any importance
since my last
Every was disposed to think, before it was
made known, that the great financial secret of M.
Duclerc would exercise a marked influence on the
public funds; the Minister himself made it mys-
terry, under the apprehension, as he SAID, lest it
should be known too soon, and occasion mop
perfume rise; but the speculative world do not hold
1t seems, the Finance Minister in sufficient rever-
ence, for on the very day when it was published,
there was only rise Of twenty-five confines the
five per cents, and none at all the threes This
proves that at the Bourse this much boosted scheme
considered impractcable and that spectators have
sufficient confidence in its being rejected by the good
of the National Assembly.
Bombastic and exaggerated language goes for very
little at the Bourse they apt to be convinced
by dry figures and lpans and they not
assertion. that he had found Of convert
ing the large deficit bcqueathed by the monarchy into
a surplus. They are not therefore, very much disap
pointed in the abortve scheme Of his ccum enens, NJ
Duclerc. In the resources pompously exhibited,
there is but serious item loan of $50 millions
BY the bank but this would have been las NJ Theirs has
very justly said in the Committee of Finance) much
better negotiated directly with the public 1t involves
the creation of certain amount Of money the
bank and although the Minister has decidedly wisely
set ms lace against paper money, we must not de-
ceive ourselves by mere phrases NJ Duclorc does not
1t see like the idea Of negotiating loan wing
cent at TO- it, with the able policy which directs
public affairs, there not much greater chance that
prices would rule below rather than above that quota
ton. But 1t is Of little avail to discuss his plan since
it is pretty well understood that 1t will If not altoge-
Their at least all except tho loan of the $50 millions be
rejected.
His budget says not word Of the ateiers Nationaur
that grave question which perhaps alarms the National
Assembly still more than the Bourse. Men of business
.4feitrs Nahondur-it Is to open private establish
mens. But to effect this confidence must be restored
and to restore confidence there must be end put to
troubles by the authors of circulars and placard by
those who conspre for anarchy by those who wish
introduce communism into business who menace all
trades, all property, and daily renewing alarms ;
and those fnancers who proclaim in the Assembly
that public faith Is not involaby to be kept must hold
another language Let these men their projects
and capital and confidence will reappear.
In brief there will be complete stagnaton Of affairs
at the Bourse until order shall be firmly restored and
the great financial question be placed certain
and settled basis.
Threes closed yesterday at As So and fves at SO a
so the post leaving too early to enable to give the
quotations Of to-day.
Since the above written the Committee Of
Finance charged with the examination of the fnan-
cia state of the country has made its report to the
Assembly, in which It says, that in lieu of the $50
millions Of dsposa BILE funds stated by the Minister to
result from his plan, they only find that it
would amount to $50 millions, viz: 100 NIL
lions, the loan from the bank, and 100 millions from
the issue of stock to the receivers general In the de-
partments and the sale Of certain parts of the lands