The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-04-22

venienee them, hut the moment they compelled
to lock for market-the moment they have
rsslise-that mcment prices must give way and
rapid depreciation take place There Il single
fancy stock in the list, depending upon rs real
merits not one in which there is any connection
between actual and market valuc-uot one bu; that
Is inflated by the most artificial means the current
price II which Is not likely be deprecated by the
mort trivial uniavorable event. Even government
securities are held to such extent speculation
shat few turns OF the upon tho money
market or any important adverse political
In This country, or in Europe would send them
tumbing down several per cent The stock market
Is, In our opinion, subject to great and lien huc-
tsations, and destined. before the lapse Of many
days, to experience collapse, ruinous holders
or unguaranticd unproduetiye securities
The whole OF Europe is in very unsettled, dagger
GUS condition, and must be prepared for uphea
wing of the discordant elements ut work below the
surface Of society, particularly on the continent,
which, when ia operation, will perfect the
purposes so inperfectly accomplished by the recent
political revulsion Revolutions go backward,
IL as true now il afy years ago, and shall
it's fun force illustrated The governments OF
the old world have merely been patched up and they all
stand upon very slim foundation. The attempt
made in 1878, overth and destroy the old
ehies partially unsuccessful bat the people have
learned their power, and win be content until
blood, they will be- satisfied until they have sati
sted their appetite The result of the effort has
taught them discretion and the next grand demon
stratm made, will. without doubt, sweep away every
vestge of loyalty and the seeds of republic
broadcast througlinut the entire continent The
people only slumbering the democracy
Of the old world is merely dormant. the real
republicans of France hiding their time,
and when they awaken it will be in their full strength
Jete IN he
begun in 1sls and establish the form OF government
their hearts and souls have been long yearnng for
IL is now merely question Of time. Republication
egns supreme in the minds Of the In the old
world well az the new, and ii must have vent. The
policy pursued by the governments Of the most revo
lutonary countries the continent is of all Others
best lcuated to feed and fan the fame that is des
tined to consume them and it certainly appears
though they were trying to how much the people
could be opprcsscd~how much tyranny and taxation
they would could bear before they would rise in
their might and shake off their opnrcssors.
IL TO be the fate Of the people of France TO be
cursed with bad government The election Of Louis
Napoleon was fatal mistake We have made such
mistakes in this country. and may do again
but have much faith in that great regu-
lator--ths ballot box-that patiently bear the
evils of imbccilc cabinets, and learn from cxpe-
Renee to put no faith in no-party promises
The people Of France have not yet learned that
after all, the great revolutionzer is the silent
hut all powerful arbitrator the ballot box; and It will
be years before they will appreciate the privilege Of
universal franchise. 1t is the impression OF many in
tcllgent politicians in France that there win be no at
tempt made to overthrow the present government of
that country, that the most radical republicans will
wait the general election and then put power those
who advocate their princi pies and deeply imbued
with any or all Of the popular isms Of the day The
success Of the socialists in the elections which have
recently taken place. and the with which they
have carried their point in the principal departments
would certainly warrant such conclusions; but the
people Of france have ordinary evils to contend
against. the have ordinary burdens TO bear
and long before the general election arrives. their
backs may he broken and crashed to the ground
The truth Of the remark, whom the gods
with to de~;roy, they first make mad" Is iorcibly
Illustrated in the policy pursued by Louis Napoleon
and his advisers and adherents They are fastening
their own dcstrustion by the restrictions placed upon
the press, by the imprisonment and Punishment o.
political opponents by the enormous expenditures o
tbe treasury by the rapid increase in taxation and
the public Indebtedness We doubt II the people o,
France will peaeeaby put up with these things for
two years. ~ ia not eharaeteriie, aud therefore
70 beexpscted.
The eondrct Of the regiment referred in last
accounts frem France, shows that the army is very
slender reed for the government to lean upon for sup
place In the minds of the soldiery in relation the
government ofLouis Napoleon than in any other class
In the country and very little Dependence be
placed upon them, 10 put down any popular political
movement on the part of the people We should not
be surprised to receive by any steamer, adyces 81
Mt made In Paris to revolutioniIe the govern
mtnt Such event is not far distans and the ee-
msnts at work that must surely bring Il about
France will be- che has been the leader in the
fealr oiutio in nd twill
from Paris 10 all parts Of the Continent with o
rapidity and Intensity. before realized in the
progress Of such movement The next time Il
viii be thorough and complete. II viii not leave
one stone Of u single mensrehcal government In
Europe upon another aud as for kings, empcrors,
ything else OF royal order. they doomed to
utilization. In France, Prussia, Austria Hungary Po
land and through the whole continent. republic
esnIsm will stride with terrific power. For time
anarchy will reign triumphant the ruins OF
thrones and monarchs, and many years must elapsc
before firm and proper governments will arise from
the wrecks around The people Of Europe yet
prepared for self government They must be properly
educated before they consolidate the prime pies of
rcpublieanism in perfect whole; but they on
this account not less disposed determined to
msuee the great work Of reformation
Although we stand aloof and take active part In
the political revolutions Of the old world by
means disintcrested spectators indifferent to tho
re.ult. SO far rs aid them by encouragement
and sympathy We have been foremost. and We 10
act object TO share portion Of the sacriaec In
financial and commercial point Of view. sufferers
by any arrangement Of the political systems Of the old
world. Any change Is. for the time. injurious to our
uo.t interests; but the great pioneer In
canism must bear patiently any temporary
evil caused by others following the example have set
For time the markets Of Europe would be destroyed
for cur staple exporting products and all the ramhca-
hon. Of trade deranr,d; but ultimately prosperity
would be immeasurshy augmented. our commercial
position advanced our population increased by emf
grafton our rapidly developed by the
addition Of foreign capital; and the people Of the
aid world under more liberal form Of government,
morn ennniaical astraiinn Of nuiAic AFFAIR."