New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-08-28

LoxDoN. Aug. 10, lsi9.
Mss'rs Gresly r HeEirGn
GESTLEnES ! have promised % sho" no" me
Bank Of France and the Bourse have hitherto been
the most impacstle enemies Of the Republic and
nat mean. nave been employed BY me sovereignty Of
capital 70 wheede the sovereignty Of the people or At
least 10 force The will Of the sovereign 70 demand =
refuru 70 monarchy. or something q bad. Since my
lat letter the pressure Of capital has been felt sul
more severely than ever and On the side where It
comes in toe nearest contact with young Republic.
The Minister Of Finance Acknowledges the enbsr.
rsssrnent Of the Treasury and has proposed various
.chemss for it, relief
This presents new phase Of the financial criss
which has come upon the Republic 10 every direction
and which driving H. ~ misery within and dishonor
without 70 unknown results Whenever the reaction
wishes force % step in the backward course
It promises the Of private and public credit on
certain conditions and, soon a. these conditions are
complied with neither private public credit being
restored new effort is demanded Of the people In a.
vor Of order We already in the eighth movement
commenced since The February revolution, by The Or
dcrs Of this inaexibe master. On the 2iih Of feofu
airy the cause Of order credit demanded that the
elections should take place without delay the Repu0
lie Yielded 20 the demand the elections being decided
order and credit demanded that nothing should be done
tll the meeting of the National Assembly the National
Assembly having come together, order and credit &c
m and the violent dissolution Of the national work shops
The Republic presented them with the blood OF the
people In streams during the terrible days OF June
ls4s with the state OF siege, transportation without
trial and the councils Of war This did suffice
Order and credit demanded that the the Const
tuition and the Presidency should be determined by uni
versal surage-thst is to say, by the influence Of he
priests and the large landed proprietors. The tenth Of
December arrived, with Louis Napoleon and his elk
millions Of sufrages order and credit gave some signs
Of hope but always demanded something more. beioi
they could r,Appear IL necessary at all hszaros
10 get rid Of the Constituent Assembly this brought
on the new crisis Of January 49, and then the mmense
electoral agitation which gave over three million votes
70 Socialism. 1t then found necessary to attack
Socialism directly and in order 70 provoke II 10 the
last degree Of forbesrsnce the Roman expedition wac
set on foot The 18th of June was what was wanted It
any risk This came. but vi hout blood. II was In.
possible 10 obtain from IT empire or dynsstc ro
consttution The reac ionist. must be content With
the new state Of siege which served as the preex 60
long sought for getting rid Of the Socialist programme
In spte of all this have order and credit kept their pro
mise to returni Far from IT, The index has not yet
tr.versed the dial plate and reached the hour to sound
the return Of monarchy.
The railway companies have made use OF the occs
sion 10 display their sovereign power 10 the depart
rnent of public works. They have extorted from NJ.
Passy on the preiensc Of embarrassmenu the con
ces,ion of the Lyons road cOndiiion,-mark II
weuon condition that the State shall surrender to
the Company the part Of the road already finished,
and that IL should guarantee the interest the capital
required for its completion. The Bsrons Of the 6nan.
cal ieudality do not give proof of an excessive con
nience In this but NJ Beuoit day, the future minis
ter OF nnsnce of the legitmis party will have used NJ
Passy a. NJ dc Fslloux has already used NJ. Bsrrot
aud the unhappy hnsncier of the Academy OF Mora
and Political Sciences will be prepared for dscom
future after having given the lie to all his past course
suppressed the sinking fund, proposed the reestsbsh
ment Of indirect contributions. &c.
After all the concessions Of the Republic on the one
aide and all the victories Of the reaction, this is our
situation according to the lsst exhibit OF the Bank OF
France, on Thursday, Aug 2
The operations of the Bank remain in the same state
of tranquility The portfolio shows decrease and
coin 10 accumulated ia the vaults IL 10 true that the
bankers do not engage in any kind OF transactions
"a. POLITICAL condition - not sHNeie1ny rm or em - oia
our ruined cOmmsrcs nth hev crtaN
Its specie and bullion represent capital OF J54 5h
OOOt The Is AL increase OF l2OOOOOO IN The lastort
niybt The books show circulation of l29,OOOuOO
q'ha Rank evidently wishes for something more, tor
the revival OF business Ia In ts hands, snd even at'
the triumphant tour OF Louis Napoleon, business doe
not revve-l2e 900 orc OF discounts ana S1foVOVO To
.uecie and bullion. Whist bitter satire, what cruel
mockery by capital OF the miseries Of the people,
Then the Directors OF the Bank OF France step 10
and tell US with the most nsnustng pOiteness, Gen
temen. II is not our fault We are ready 10 negouat
the paper that shall be offered bu, none is presented
The bankers who generally give their accounts are
doing nothing. =,
these gentlemen were the very incarnation OF pst
ofism and disinierestednessf Who would not believe
that thy suffer severely IN finding themselves OBLIGED
to let business languishf But all this IL sham ~
IL and will prove IT, The directors OF we pas
of France ara all bankers Themselves IL s their ir'ndr
ten.nd.ut. and business connexions, who present
their notes tor discount at the BANK ana VINO hSouo'
y furnish the second and third names on the paper
Hence when notes are offered II merely shows
Ne.srs A. and c. OF At least their agents bankers d.
Paris and the principal ctes OF France have refused
ther credit 10 commerce and industry, and according
cannot present the paper OF commerce ana industry 10
the On ectOrs OF the Bank OF France
This /. the snare into which private credit In the
Republic has fallen. aud IN which II must perish A.
% public credit n il the same bankers VINO make
and who give H. since the Governnents-especisiyi ne
European Governments-live only by means OF loan
aud il IL the bankers VINO buy cheap 10 se dear the
light OF making them loans. Now, In any society
whatever, when everything depends on private ereoh
.hp This credit ia found ia the hands Of certain elass
and this class 10 opposed 10 the form OF uoTernmeni
which has been established by an unexpected stroke
IA II not the most difficult OF All political problems I"
orevent this form Of Government from disappearing
s.pecauy when the principal fault Of the friends o.
this Government has been TO allow its natural eoemies
the utmost freedom OF action, and even to place them
selves In their powert
Thi. /. what has led to say that the maintenance.
Of the Republic In France would be miracle and Al
the words of Louis Napoleon cannot take from me this
belief Sutitis very possible that this miracle msy D.
realized II will De have said, in spite OF the ~ishe
T those who ls,or for It's They will neatraiz
Zach other aud duriog this time Socialism will incrcss
sufficiently % show the European democracy 'h'
method OF organizing the freedom oi industry
The speech OF Louis Napoleon ~ ours IL not Win
out interest He has returned from his excursion ou
ne Is invited from all parts OF France aud VIII 500
risit ROuen and Hsyre. lie VIII DC wei receive
everywhere, but without any enthusiasm Tor him per
.onAiy The clergy. the great lsndhnioeis, The nnAn
cicrs and their vSsssls reserve their personal co
thusiasm for aaoAa. In general, Louis Nspoieot
shows considerable shrewdness IN his speeches H.
confirms my change OF opinion Ia regard TO his taents
But you viii remark that he only avoids the idea OF
corp ea for OF opportunity, and that he reserves
u entirely for the future
Lsmsrtne has crowned this cup d'cG, about which
30 much hss been SAID with rich ehsplet OF phrases
~ which he Is himself the dupe-s thing Which ofte,
happens 70 him. The gem IS his tribute 10 the guam
ties displayed by Louis Napoleon. ! could wish tns
NJ had laid sside al person prrjudces But this nss
nothing 70 do with the sctus conditions OF the icon
.trucfion OF society In France and IN Europe Nnsi
ever he mSy be his personal chsrsctrr De mas Ger