The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-08-15


leaders have been arrested but the report not
frmed up TO the time of the packet leaving Dublin.
DRocHrpA, THURSDAY EvENrNe This day about 3
O'Clock. Mr. p Maroon editor of the Drogbeda Argus
Mr. Hart, and MIR. Stephen Drew, arrested on
charge Of training and drilling and brought before
Captain Derinany, the stipendiary msgstrate in the
Tholsel After heightened investigation, MIR. Drew
was dismissed but Messr1 Marion and Hart held
to bail to appear at the mkt Meath assires
| An express arrived at Woolvch at 10 o'clock last
| night, and before IL O'clock midnight, Major Cost.
hpg's company, recently attached to the field
batteries left the garrison in Euston square, where
special r in was to be waiting to convey the company
TO Liverpool route to Ireland. Two other compa-
MES at present doing field battery duty, have been
placed under orders to proceed to Ireland a mo-
ment's notice, should thor services be required 1t
was stated this morning that steamer received on
board quantity OF ammunition and rockets at the
Royal Arsenal, for conveyance to Ireland. Large
detacbments of Royal Marines from each of the div-
sions Of that corps kept in readiness to
any part Of the country where their may be
| required on an emergency.
! pFrance.
| PARIS, Thursday Morning The sitting of the Ma
tioDal Assembly yesterday taken up with two
portant subjects-the report presented by NJ. Theirs
in the name Of tbs Finance Committee, on NJ. Prud-
hommes celebrated proposition and the oontinus-
ton OF the discussion on the law for the future regu
lation of the clubs.
The Prefec of the Police has taken novel plan
OF restoring confidence and traDqulisng the public
mind He has minated his intention of publishing
every five days official account of the acts
ed with public order which have occurred in the in
terror in order to do with the effect of exaggc-
raj reports circulated by malevolence
General Oudinot left Paris Tuesday, to resume
the command Of the army Of the Alps.
to the President of the National Assembly, has been
made the pretext Of further prose against the
press Yesterday evening commssary of police went
to the offices of all tho journals the editors
against the consequences Of publishing them. All of
them obeyed the summons with the exception of two
the .erenir and the Gdsene de France, both of which
have been seized this morning.
The Financial Measures of the French Co
vcrnmcnt.
The French journals Of the 25th u express salts
faction at the prompt way in which the assembly
cepted M Goudchaux's bill authorizing loan and
respond to the confidence manifested in this minister
on account of his clearly good intentions and sound
judgment he Chamber - says the De5ats was
quite right to haggle about terms The loan is ns
cessary 1t is the fret attempt of the republic to re.
constitute credit and the finances by regular means
The great point succeed and the sole condition
or success is to attract capital by positive
advantages. Let confidence be restored and the re-
public win find the OF repairing the sacri
nces to which she must diy resp herself
The right tep has been taken for restoring md
re establishing ORDER and all that is needfu is
France not ruined she only struck with stupor
by the false doctrines, and by the wild pro-
jects OF the last four months The loan will we
feel sure. be obtained without difficultyn
That the terms of the loaR even lower than the
nominal price would make it appear, is point ad-
yanced by both the Steele and the Ccnstuiionne in
article which give below. but neither of these
journals express dissatisfaction that account They
say that the loan Is in reality negotiated 65f 25c
ut n moment when the price is quoted at 77f 6Oc
The Constitutional has the following remarks CON-
nent'ng and explaining the financial plans Of M.
"Tbe Minister of Finance in presenting his bill for
loan certainly must have regretted not la vi ny ben
more firm en- the question of the OF the
Treasury Bonds On the Of making a n appeal to
capitalists it was desirable to show scrupulous
ity TO the existing engagements of the State BY pay
ing in full the creditors of the Treasury he would
give, to use the expression of NJ Lafitte pledge to
the return Of those principles which the founda
ton of all credit There doubt that if the upward
movement of the funds had continued the loan would
have been contracted on more advantageous terms
and that private credit would have participated
In the improvement of public credit 1t is parti-
plicabe-s He who pays his debts cpriches himself,
There Is in these few words more of financial science
than can be foundin dozen treatises the subject"
The Constitutional then expresses its appreciation
tnues -
"The bill gives the holders of the old lean Of $50
millions the facility of using the certificates of the
first instruments which formed their guaranty fund,
and which annulled in payment of the first install
ment of the Loan these certificates represe ntng
IT, 62sc In Three per Cents, will be taken the
on this Is noa os as
thus made Them they had right IL; II il SIM
%sn "n We moreover believe that NJ Goud
chaux has acted wisely in making the loan in Five
per Cents, and for two reasons The first is
that stock not only suits capitalists for specua-
ton, but for investment, and it causes less
siderable increase in the nominal capital of the pub
at which the loan is issued 1t may be remembered
that the minister when he presented the BILL left the
and when the discussion came on no price was men
toned until the articles had been adopted; and it
not until after the Bourse had been closed that he
named the price, 75f 25c., the that fixed by
the law Of 1847 for the loan the Three per Cents
This rate Of 75f 25c. does not however, the mi
mister frankly avowed represent the real figure of the
loan. There must be deducted from it the IT, 521Sc
Of which the holders of the old loan will benefit and
there must also be deducted about IF &c., in conse-
quence Of the jossance allowed to begin from the 22d
May Of that year. which brings the real price down
as being too there 70 os
had not the fault have been committed with regard
the Treasury Bonds and the savings banks deposits,
N rkadn haiti ,,UHt h.uo l.oav
obtained; but things must be taken as they are
1t was better to make little sacrifice than fail in the
operation for check Of that kind would have been
attended with for public credit
and for business in general There are, however, some
to ~
Treasury Bonds and the dspositors in the savings
banks who have been respectively reimbursed In
Threes at 55f and in Elves at 80f, while loan has
now been contracted at 65f Csc. This price certainly
sets forth act of injustice committed towards them
The receipts arising from this loan will be about ITO
millions and the undivided attention of the govern
mt should be directed avaing itself of this re-
state of thipgsn
The Commerce OF France.
The Paris Constitutional, of the 26th ult has the
shown by the Custom House returns for the last
six months and which will sufficiently show the suffer-
Ing under which our manufacturing and commercial
| The revenue of the customs dues has fallen from
c. during the first six months of ls47 which
was moreover year Of crisis to 49, 0OOf During
the month of June in particular it fell from IL O0O
0oof, in ls47, to 5,S9o6OO: We may remark that It
was in this latter month that the dreadful nsurrec-
ton broke OUT which had the effect of putting COM
plete stop business for at least days The
ing trade is the which has experienced the great
| est falling of The cotton manufactures have only
made use OF 1S2 600 metrca quintals during the half
year instead of 220 600; and the reduction has been
the most considerable during the month Of June our
| manufactures only purchasing $4,000 quntals in
stead Of $4,000, less than the half The consump-
ton Of foreign wool has fallen from 81 900 qunta
$4,000 during the half year. The silk manufactures
have only imported during the half year 1864 quntals
ofraw silk instead Of 3S42 and only 1879 of spun silk
instead Of 1924 the dminution silks as well as for
cotton has been the greatest in the month OF June.
"The falling of in the materials used for weaving has
led to reduction Of those articles used in dressing
and dying; the importation of indigo has diminished
one quarter part during the half year; olive oil the