The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-05-04
AFFAIRS IN EUROPE.
Foreign Correspondence of the Rev
York Herald.
lie. &c. &c.


for The Nation, Il .asembly--Tews Of the Paties on
the Form of Gopsrnment-- The C,n,titufion Of the
United States Theatrical Matters.
Notwithstanding long continu Ance Of great popular
demonstrations ati'oupemsnts and process!ons, com-
bned With the absence OF any efficient police CONTROL
Ing military power, things have gone on here without
any further disturbance.
Partly the alar given 70 capital by tho state of
the COUNTRY and probably from utter dstrust In the
provisional government every description Of security
At tho Bourse underwent extraordinary and rapid
decline The three psr cents which year ago fucus
ted about the prices of 80 49, actually foil last
week below 81 The aves, which used to stand at lao
fell to so but this dep recistion, considerable as was
was nothing to that which affected bank shares These
shares which short time since at 500 were ao-
tusy sold fe days sncs at $50 bsing so francs below
par.
Railway shares of every description have undergone
like fall Those Of the Orleans, for example, which
were at $780, are little above AGO. and 80 Of tho
rest.
Independently Of the general distrust of the govern
ment which has tended thus to exnguish ofsd there
are various other causes which have less nHu
euos For example, impression has prevailed within
the last ten or twelve days that intended to
make an paper issue through the nstrunen-
fatty Of tho Bank Of France 1t said that notes to
the amount of thousand millions of francs would DO
isusi upon tho security of the national forests of the
estimated value Of fifteen hundred millions.
This for several days greatly dopreci-
sted every species of security. A dsy two since
however the Minister Of Finance ssnt for tho oths
Bourse and to him. In the most formal and
explicit manner. On assurance that government had no
intention whatever Of making any such issue Of paper
money This had immediately favorable effect on the
market and securities Of every description improved
nkhar hat
The threes are AZ so, aud the fves ct 6l.25
The provisional government has announced ito inten.
ton Of purchasing out the interests Of oil the railway
companies and taking these great lines of communities
ton into its hands, thus all the railways will be-
what the roads always great government I'M
dertakings These measures, however, the government
US, will be carried into effect with due regard
to the rights Of property and that the stockholders Of
the different railways In operation. will be consulted and
nothing done without their consent As to the unansh
ed railways it admitted that the stockholders cannot
complete them and that completed at all It must be by
the State With these, therefore, there will DO scru
ple They will probably be appropriated by jury In the
same building which is doomed to destrus
ton for the general improvement 81 town.
had within the last days the election OF the
superior officers of the National Guard This
sion which serious approximations entertained Of
tumult and disturbance Nothing of the kind
however, took place. and the results Of tho elections
have proved to be In general satisfactory to the mod
crate republican party.
You will probably bs aux ious to know what the
present prospects of France in relation to its future
form of government have little to add In to
such inquiry, to that have already communicated
AZ to monarchy under any sovereign, or with any re
strctions you wholly out Of the question
The mcst ardent parasus Of Henry v. aud the Count
dc Paris equally give up the idea of It, But question
Will be debated to the form Of the republic ITSELF and
ct the present moment these the questions which
will be discussed. One party viii b. in favor Of
Q republic with two chambers and o president.
These what here called the moderate rspubli
cans; they in favor Of giving preponderapg nAu
This other party advocate single Chamber and minis
try without a President These arc the more dsmoora.
tic and revolutionary republicans and their vie
understood be supported by the majority Of the pro.
visonsl government sort OF compromise between the
Two m proposed By some who suggest that The present
tive functions and that 1t shall play the part of up
per Chamb~ Such are the questions, and the oniy
respecting the form Of which likely
to come before the approaching assembly.
The interest excited by these questions has di.
rooted much public attention to Ia. structure and
organization of the republic of the United states aud
at the time write these lines, hswksrs are crying
along tfe Bouleyasds The Amsriosn Constitution :"
will be kept constantly in the eye of the Assembly 10
their proceedings to organise the Republic; still
thing sgeinst which Paris at least IL determined it Is 10
derasnl Thsidsa OF converting the Departments into
Independent States like those of America, having f.
dera government at central point will not for single
moment DO entertained The Republic, and indivi
sbs the great rAyng cry and raris viii continue as
1t always has hitherto done, to govern France.
As TO the probable composition Of tho approaching
Assembly, We have but few means at present Of
for ning any thing like certain conclusion. Some
thing, however may be inferred from a lat Of can
didates which has been published by the Central
Electoral Committee OF Paris which appeared day OF
two ago In the journals On analysing and
IT, fad that 10 point Of intelligence and rsspectabty
Thus IL feared that inasmuch the members OF the
Assembly will be paid, large proportion Of them
would re selected frsm the operative cassts fad,
however, that in the list put forth by the democratic
committee, not tn about six per cent belong to
that class. while considerably more than one-hsf
vidually considered all the candidates recommended
Of course republican, and 1t be assumed that
all those Who will be elected will either be sincere I'D
yooates OF republic, will at all events join In estab
fishing republic rs measure Of necessity and the
only means Of preventing further bloodshsd.
Tho effect Of the revolution Paris has been of
upfsvorsbe regards mmercia interests The shsp
Keepers especially thoss at the west end Of the
said to be driven almost ruin In tho Rue dc Ia
Psix, in the Rue Rivoli, and the Rus Fsubourg Ste
ouore snd similar quarters business is at stand still
The wealthy foreigners are all gone Even of the Eng
sh who had adopted Paris as permanent place Of re-
sidence very few remain The very Of republic
and the recollection of the tsrrors OF the t revolution
have scared them away. But OF the public establish
ments those which have been the most pjursd the
thestrss and especially the opera.
Inc ltAnhn opera was almost deserted from the I2d
February to the day of its close the 3st March, and
it seems at pre- snt very doubtful whether 1t will be
opened next season at all
The grand opera or the Royal Academy Of Music, has
been compelled to lower its prices nearly half and
with this reduction it IA seldom more than half
filed. The Op.ra Comique has also suffered. The
Theatre Foncdt'e has reduced its prices have
raj of the theatres the Backwards. is expected
from day to day that severa Of those will close their
doors from want of sudiences
Several causes have contributed to produce these e.
fscs Tho higher class of theatres especially the ops
"a, being supported in large degree BY Foreigners,
wouh, Of course softer by their departure.
The Lesser theatres however, would not be much a.
fected by this cause but the public Mt present
Cited by the political crisis that there b little taste for
the nmussm produced by these speotacles.
The clubs, also, which are numerously attended, oc-
cupy nightly, without whom the spectacle sf
fords but few attractions for the other These causes
are, for the part Of temporary and In time