The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-06-21

sembly NJ Dupin Indeed it is impossible BY any de-
ssrPion TO give an adeauase ,aea OF the scene which
in the former Chamber were, II possible outdone How
the triumph Of the minister complete He
read the instructions which he had given the pre-
ects the subject of the elections which evinced
strictest impartality and forbade all improper inter-
ference.
On Tuesday, NJ. Proudhon arrived In Paris by tho
Northern Railway and. stepping from the conpoi
looked carefully about him. to observe II any precau
tons had been taken for his arrest but everything
wearing indication Of his arrival being unexpected
by the authorities he walked boldly into the town. fol-
lowed only by a understanding man in q blouse He
proceeded way his course, when opposite to
barrack his companion OF the blouse stepping up to
him, told him he was bis prisoner He attempted re-
sistance but hero of the blouse discovering him.
self to be agent of police and calling the guard
for assistance the great socialist placed in
riage, and deposited at the Prefecture of Police.
The message of the President of the Republic to the
Assembly according to the terms of the constitution
at length delivered yesterday to the President OF
the Assembly 1t not read but at to the
Monietr, for publication. AS it is document of the
highest Importance ! have thought 1t better to send
not receive it by the journals in the ordinary
PANS, June 7, 1S49.
The Bourse and Money Market.
After the fearful fall which in few days caused a
difference Of IS per cent in the per Cents the settle
ments, told you in my last report caused the great
est apprehensions This fall occurring at time at
which, you will by my preceding reports, opera
tions rise had been undertaken on an extensive
scale and persisted in by the bulls that they
tinued their accounts month after month at ruinous
prices would have had rreparabe consequences if the
settlement had CHANGED to have taken place without
any interval because the bulls would not have had
time to adopt the opportunity Of taking bear accounts
and must thus have settled their losses the footing
of 10, instead of "a rs. They were however afforded
this chance and most of them avaed themselves fit
Notwithstanding this however the settlement has been
most disastrous and very heavy losses have been
sustained by the bull party. The Agens de Change
found the necessity OF compelling most Of their clients
to lquidate their accounts, and refused, in almost
every case, to continue them for the succeeding
month. In addition to this the bear party, who had
from month to month continued their transactions
at high prices refused to do for the ensuing month
and declared, almost to man. that they would
deliver stock at the settlement. As very heavy
amounts involved in those determinations it be-
came necessary to adopt SEINE extraordinary
save the market from catastrophe; and arrange
ment was said to have been made by the Bank of
France to advance to the syndicate Of the agents do
change IL millions, the deposit of stock to effect
combinations The announcement Of this facilitated
the settlement. The bears again consented to
settlement consequently arranged without oil the
disastrous anticipated Disasters enough
however, have occurred to render the settlement of
May, 1S49 memorable.
Nothing material has taken place, the settle
ment. Prices have been gradually and steadily rising,
until Tuesday, when the presen alton of the
sage Of the President Of the Republic to the Assembly
which had been promised by the minister to the
Chamber on Monday causing apprehension that
there some disunion in the cabinet, and ru-
being Giro ulated that the French army had
menced the bombardment of Rome, brought about
decline which continued, also, from tho same causes,
yesterday. Before close my letter, will ascertain
what has been the effect the market Of the message
which at length delivered yesterday the contents
the weeks prices the funds having nothing parti
cular to observe to other securities