The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-09-10

The last weekly balance sheet of the Bank of France
up to the evening Of the 18th, published in the oni
tear Of the 18th, shows favorable position OF
that establishment regards the stock of bullion. On
the Goth Of April it 49, it has reached
1Ss COO co., the highest amount 1t has reached since
the revolution Of February. The issues amount
to 1854 100000, after having the 18th May exceed
Gu 4O5 OCOtOO. When one that even here, where
we are more than ordinarily prudent in this respect
the most careful fnancers acknowledge that the
alton Of the bank in the proportion of its bullion
its tissues is altogether normal rather led to
express surprise that the bank has not resumed cash
payments, since, in the opinion Of some, it would do
much for credit but sill must admit the propriety
Of over caution at such moment ~ the apart
from this the account does not show very favorable
state of affairs The account current OF the treasury
has, during the week increased nearly 5000 000 but
this sum is not equal to the amount paid into the rea
sury for the first nstame Of the loan The accounts
current Of other PARTIES have been reduced 5000 000
the unpaid bills (not protested) amount to about
the same sum-el9 $50 francs The protested bills
remain at nearly the same amount-30, 100000
These unfavorable symptoms but what is
still worse, is the successive diminution in the dis
counts. On the ed March, the bank held paper 1t
had discounted in Paris to the amount of 245,0O0000
whereas the present account shows an amount OF
S9,C0Oo GOO only and the branches he'd paper dis
counted by on the 18th May for ia 600 600 nd
now for only 1872 600 This difference is the most
affecting and proof OF the stagnation of
merce, and the falling off Of manufactures Instead
of lending the State it has already done, 5000000O
loan Of 10000 600 treasury hons and trusts of the
NnfCh is not Cne eud OF It's II 1
had come forward literally to assist commerce, 1t
would have better served the community and probably
with greater profit TO itself.
The conclusion of the loan has built up founda-
ton of credit for the republic; but it still requires
soldation This must be effected by policy foreign
and domestic, which has in view the common interests
of all, and by well regulated system of finance The
bourse feels that regards foreign policy the govern
ment appears to be taking the right course in pro-
ceeding in the path ofcon Citation and peace, exhibit
ed by its conduct regards Italy and Austria. The
peeches of General Cavagnac, in the Assembly, and
of Lord Pamerston in the House Of Commons, have
produced much confidence in the market as to o re-
turn to good intelligence between the great European
powers, and the probability of firm alliance between
the French and English cabinets, and with these, the
securing general peace in Europe. This view Of TO-
reign matters has operated to keep up the price of
funds against the tendency to depress them from the
internal position Of affairs arising out of the pubca
ton of the evidence of the Insnrrecton Committee
and the fears entertained Of the consequences of tho
forthcoming debate
Railways without any material variation. The
arrangements between the Cover and the North
is not yet defntively settled but 1t is understood
there will be no difficulty ss to it.
The prices for the week have been as under