The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-30

government
gigantic :srts to check these alarming drafts They
published Yesterday, reclamation to the de-
peste by protestatons Of their
under the to guaranty the sums deposit
ed In these banks They have also augmented the rate
OF interest allowed the deposits to per cent Put
asked why the depostos should leave their capital In
there banks only OF per cent, wbsn at he present
prices they can, with the same security obtain upwards
The financial pressure is also attempted to be relieved
the o, banks Of discount IN the capital
proposed to obtain the capital for these
three equal shares n.thrd to be supplied BY share
holders in them, ons-third by the municipal corpora
tons and the remaining one third by the State The
Paris bank to be established this principle to hsve
whether this project can be Realised.
Under all these circumstances, OF the causes OF
the augmentation In the interest OF money,
in other words Of tho dsprecsted value Of all sscu
ties ID the apprehension OF large Issue OF paper money
S.us 2, v:rs OF nusS
curreucy In relation to specie and financial confu-
sion Of the most disastrous kind The most sasacous
aud farsghtsd cannot ct present their out OF
this labyrinth OF dinicultss In which the country 10
The agents Of the stock Exchange here wsrs reduced
produced by the political catastrophe Of the 2sd and
danger which Threatened them BY joint resolution
Of themselves and the provisional government, to the
Of the Bourse should be settled at the last quoted prices
which for the SIS were 70K This measure defend
ed BY the questionable argument that ~ the Bourse
closed the settling day, there quotation
Of prcss by which the settlement could be made and
that under these the only practoscl.
pedient to settle at the prices OF the last dsy
ti7. tho ruin Il said viii Be- f..rfuly ..tsp:i1s
report prevailed yesterday that from forty to fifty
de change will be ba nkrupts
To turn from those to matters Of less serious import
to know what changes have taken place In the external
aspect of things here. may observe In word that
heard Of tho catastrophe from distance woui expect
The well known Municipal Guard, Infsntry and Cavalry,
have totally disappeared The numerous guard houses
of the city, inscribed with the words L6erte Ordre
pSblique have been almost invariably burned pulled
down The barracks Of the Municipal Guard situated
ia all the dissemnts OF Paris have likewise bsen
sacked and pulled to pieces The sentineIs at all public
The citizens have however, got tired Of this and we
shall now have gentine from thu regular troops Almost
very pane Of slas. in the Tuierss has been smashed
The furniture Of the private apartments of the royal
family has been destroyed and in general the articles
Of personal property Pll.sed The objects Of art how
hat in this nOursion of the populscs upon the royal
aaoo, the apartments of the duchess of Orleans and
.ar lildren have been omparstively respected.
veugeance of the mob has been wresksd princi-
,sy upon the personal apartments of Louis Philippe
cupy the palace, in spite Ct all rsnonstrances Of the
provisional government, for more than week. II
only within the last few days they persuaded to
The mairies Of the different arrsmdissemsnts were
more or less treated In the and the gni
hcsnt apartments OF the Hotelle de VILE gorgeousy
furnished by Count the late Prefect Of the
seine, became the temporary dwelling Of the lowest
rsbble
On the Bousvards, those who revisit Paris will
gret to see the finest trees out down This is less
bs% sr1 repair IN win replace
The helow pillars which at short intervals erect
I'd from end Of the Bouevards to the other serving
the double purpose of convenient place for posting up
advertising placard the outside and another not less
convenient sct in the inside ali pulled down to
ispaated matters viewer, the place
where they fell the revolution accomplished, and
same m erias Numerous ruseons are accordingly at
mis- moment employed In efecing this, and in . week
Boulevards will resume their wonted appearance.
The tri.colorsd nag has been twice changed by de-
crees OF the government which Affected however, only
the order Of the component colors The national tr
olor rst DECLARED to be composed Of three stripes
Of hus red and white the blue being the
and the red in the middle Within the past few days
another decree has changed this and the order
colors observed in the old regulation Of the flag by
he celebrated painter David has been declared to be
Toe national fsg to witt blue nearest the flagstaff white
- the middle, and red on the outer edge
haussd sugreted by the present state of
things but beosuse have probably exhausted dis
possible space You may reckon upon series Of these
letters to arrive weekly by the steamers giving you such
comments the current events Of this most monen
epoch Is you are not likely to gather from the
which none but an eye witness or ear witness on the spot
can supply.
Our Italian Correspondence.
GENOA, Feb 9th, ls4s.
Ny last letters told yea that all Italy in notion
and this new peaceful, but all psrvading revolution
which received its FIRST impulse from the glorious hand
Of the great and good Pontin Of Rome, sweeping
dsspotsm away. Naples had lien, and the king been
compelled to grant constitution to his people. Since
that time the constitution has bssn published liberal
bases In most respects has everywhere been received
with shouts songs, re Deums and illuminations. The
news that Naples had achieved its Independence went
through the Peninsula like electric shock and hur
ried the general contamination.
The moment 1t reached Genoa, the city rose in
aud rushed to the to unite In solemn and de-
vout TIE Deum to the God Of liberty and mercy. was
present and Witnessed the whole sosne-it was one Of
deep feeling The vast temple crowded BY exulting
shousands and upcount.d mutitudes gathered in
ths piazza before It, weeping with joy and embracing
aud kissing each other Every body seemed to be
sorted by unrestrainsd enthuaiasm-words give
idea Of tho spectacle witnessed An Immense process
sion formed when ths service wM over ana went with
That night the city illuminated at every window
and the entire population pouied int the streets and
another procession Of than 40 600 assembled with
torches and songs and airs and shouts Of victory OF
tee Most Of them bore beautiful and touching inscrp
TONS and the name of Pho Mono every tongue.
GENOA, Feb. IL, 1s4s
According to the general expectation tho despotism
Of Sardinia has at las yielded shock Of people,
and constitution been promised without . drop Of
blood having been she'd The king saw that he must
yield at last, and he made virtue Of necessity He
csvsd the of the constitution Of Naples by his
oourer three days before the Genoese although these
courers had to pass through Genoa their way Tu
RIM which lies lao miles to the north Of u.s. Charles Al
bert had taken q solemn oath never to grant oonstu
ton to his peoples and yet he that he must do It, or
DO worse Events are sometimes too strong for kings
charles Albert found 1t So and he at once despatched
courier to Rome some 400 mles) TO request from the
Pope absolution from his dreadful oath. The
of Pho Mono grand and worthy Of him who uttered
"Te Charles Albert said he shat oath bet wesn
him and his God no man solve, and that oath
between him and his people God never accepted. Tell
him he free from his oath not to grant constitution
he had right to make it, Tell him too not to sa
crince his people to Auftrian The courier fastened
back TO Turin and in 40 hours rode 400 miles He reach
ed Genoa ust the of the constitution Of Naples
came.
Charles Albert then called all his ministers together
and asked their opinion about granting constitution
They opposed him. and told him 1t would BIS the ruin Of