The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-19

where. Rumors are circulated day after day,
sometimes that Mr.. Walker is willing to modify
the sub-treasury system, provided the banks
will take the loan. This is followed up by
another, that Mr.. Belmont, the agent Of the
Rothschilds in New York, will probably take
the whole loan ; and others assert that the EN-
peror of Russia has also turned financier, and is
willing to take slice.
These rumors about Rothschilds and Russia
are undoubtedly the idle talk of the day. The
Washington Union, the organ of the government,
has contradicted the frst-the last is too absurd
TO believe or repeat. During the tendency OF
the last loan, when every body was wondering
who would take 1t, one of these financiers in
Wall street, who have since failed, and cannot
pay 20 cents in the dollar, thrust his hands into
his empty breeches' pocket, and sagely remarked
Z" III take the loan-the government need not de-
spair-I'll take it" eyes," some one replied,
"no doubt you will take t-you'll take anything
you can get, but who the devil is fool enough to
give II to you" Probably many of these loan
takers are like this broken financier.
Yet there seems to be great deal of confusion,
both in Wall street and IN Washington, about
the loan--about the debt of the United States
about the probability Of negotiation, and about
everything else connected with the financial
action OF the American government Some men,
bers Of Congress seem anxious to represent that
the Mexican war will entail debt of 800, 900
in less than year, on the finances aud revenues
Of this country, and are ready to cry out bank
ruptcy of the government and destruction 10 its
credit-others think the increase of the debt will
help the manufacturing system, and cause an
increase of the tariff laws. There is one view,
however, of the present financial system of the
government, in it's conn ection with and relation
to similar positions of the governments OF Europe
and capitalists, which we have very seldom seen
taken by any newspaper or statesman in this
country We will explain.
About eight or nine years ago, before the first
State reputation took place, by Mississippi, in
this country, the Rothschilds, of London and
Paris, had made arrangements all over the con-
tinent, to negotiate vast amounts of American
State stocks in every large capital in Europe.
They engaged very eminent financier of this
city, who was we'll acquainted with the German
and French languages, polished in his manners,
and capable man Of business, and sent him
on a mission through all the principal CAPT.
tails of Europe, for the purpose of preparing the
way, in every mode, for the sale Of American
State stocks, which were to be purchased and
COutldCtcu IOI HcIc ny lHCIH, anu Scut tHCIc ny
their agents. We have been given to understand
that twenty or thirty millions of dollars, in State
stocks, would have been sold in the various mo.
ney markets of Europe, through this arrange
ment made by the Rothschilds and their agents,
the continent but unfortunately for this grand
operation, Mississippi repudiated part of her
debt, other western States followed her ex ample,
and the whole thing was blown to atoms, and
never more heard Of Before that explosion,
Rothschild, on London change, advised every
one asking his advice" invest in American
stocks"
During last winter, when we resided in Paris,
we became acquainted with several financiers
connected with the Bourss OF that great metro
polls, and who associated intimately with the
capitalists of Paris, London and Germany, and
were acquainted with the financial operations Of
Europe and the United States. On several occa-
sions, we heard it suggested that the probability
was, if another revolution should take place in
France, or any part of Europe. it would create
a general revolution throughout the continent,
and embrace in its vortex principally Germany,
Italy, France, and England and in the event of
such popular outbreak, where railroads, and
steam, and all the other improvements of the
age were gradually extending, it was stated that
the first shock would be against the credit of
those governments, by which an amount of
property equal to nearly five thousand mil
lions of dollars, being the gross amount of
the respective public debts of the various States
of Europe, exclusive of Russia, would be rem
dered almost worthless, and those who depended
on such property, would be reduced to penury
and want Now 1t is we'll known that the Roths-
childs, and the Barings and all the great capital
lists of Europe, own vast amounts OF public
stocks of the different governments. In fact, be-
yond the furniture of their houses, and the small
amount of gold and silver they retain for balances
in their Offices, the most of the wealth of the
great fnanciers of the old world, consists of
the public stocks OF the various governments.
During a season of peace and prosperity, the
interest on those stocks are regularly paid, and
| of course their value is kept up; but in the
| event of any popular disturbance, leading to a
| revolution IN those countries, taking place,
or the death of Louis Philippe, which may bring
about that, we have frequently heard it suggest
ed, that, in such case, there would be no stable
government in the civilized world, on which
such capitalists could rely, but those of the
United States and Russia.
In this view of the matter, it was supposed pro-
b4ble that the time would soon come when the
Rothschilds, the Baiings, and other great capital
lists, would gradually withdraw their pro-
pery in the different government funds in Eu-
rope, and endeavor to trensfer it to the United
States. 1t is even now said that Louis Philippe
has agents in this country investing property for
him, in case his family should, after his death,
be driven from the throne OF France, and we
have heard it estimated that it is probable mil
lion of dollars is invested in various ways, in
houses and stocks, in this country, in anticipa-
ton Of some outbreak in France.
At that time, about year ago, in Paris,
the Mexican war was in mid-career, and it was
feared that it would compromise the United