The New York herald., 1851-12-29
MONEY MARKET.

MONEY MARKET.
SUNDAY, December 2S--8 Pm
The past week has been Of considerable excitement
in political and financial circles The arrival Of sever.
steamers from Europe with intelligence from France Of
interesting character has had tendency to depres
commercial epention', and great many cal psl-
lists to withdraw from the market and wst the course of
events This is without doubt the safsst and surost
policy to pursue. mastery inactivity In timer
OF doubt and distrust, is unattended With fears or
apprshensions; and moneyed are naturally timid
the effect Of the coup eat Of Louis Napoleon is likely 70
10 rather unfavorsble to some Of most important in
terests 1t is calculated to restrict exports and
augment imports b calculated to induce shipper.
this side Of the Atlantic 10 keep back for time SUD-
pies Of principal staples and to induce
on the Continent to hasten their exports this country
fearful that some political movement will be made that
will throw uEon the markets of the United sta,ss such
quantities Of siniar fabrics win materially dsprs-
ciate prices Such 10 the natural effect Of political rrvo
lutions abroad, while peace and quiet reign OF home
The manufacturers Of Europe peculiarly senssvei In
regard these matters They find markets here for nearly
hundred millions Of dollars Of their goods annually.
and in times Of their greatet troubles and din cutiss
their attention is turned TO this country for aid ana
support There no other markets in the world 90
sure, rsmunerating, those Of The United ststss
Tho probability s that inpo1tsons for the wear
1852 viii exceed those Of any previous yesr and larger
per cent of as sggeeats, than usual, viii be- without
doubt, foreign account The people Of Europe have
for some time pact been rapidly boarding the pre-
cious metals. Savings from their industry have
been put to safe places in the shape Of coin, and
they wi without doubt economize and norssss their
surplus much possible, In view Of revolution Of
some kind. This feeling viii make them moro than or
dinariy industrious and THAI ordinarily economi-
cal The result will be greater production snd smaller
,ensuppton Of manufactures throughout Europe lesv
ing larger sur lus to find markets abroad That We
shall get full share Is beyond doubt The effect Of
the political eruption In France upon The apsssts of
the Old World, will doubtless be great and q mme-
date - upon any other class. Those connected with
and deeply involved ip the public debts Of European
powers, may not Do able to withdraw their interests
without suinous sscrnee but those who have available
means will De nducci to tura their attention to the
public Investments Of this country, whore pemanspee
and security guaranteed where political sgtators
are harmless and where the doctrine Of intervention
or nonntervention Is not Of sufficient consequences to
occupy the public mind for any length Of tipe Every
political demonstrstion in Europe ultimately operates
Avorsby upon most vital interests The nrst eject
usuay bad because the operation 10 net properly un
derstocd sort ,f apathy sdres upon thoso Who are
much extended in their mercantile transactions and NO
TO know what the result Is likely be- After
,ine--afer little cool they ind they have
been fghte ned than hurt aud begin 10 look about
TO turn the very thing which but short time be-
fore sure ruin them, TO profitable account II
10 now the prevailing opinion among the oommer,ia
,lnsse that whatever tends to unsette or upset pot
cal and financial affairs In Europe wi sooner or later
operate materially In favor Of this country; In nc
other way by the tranfer Of capital to shores and
t..ar l..
Troubles In Europe induce holders OF American secur
ties to tighten their grasp and others to their for
tunss beyond any contingency that may happen st
hcDe.
few years will give iderent class CT emigrant,
and many who have long since sent ther property here
vfl follow it, The development. Of our most valuable
has been restricted fos the want Of capital
Public and private wealth has b, en- limited for he
Of means TO give facilities activity Our natural in
crease has never been sucen, keep pace With our
wants. and the accession Of foreign capital has therefore
ut all times, been matter OF vast Importance The
volution in Europe In 1873 gave great impetus to the
trnsfer Of capital TO securities. The nvesment
since has been steady, and has reached an imusnse
amount. II IL therefore probable that the present
state Of things In Europe viii give smother inpul.e
to the movement and largely insresse the sscuritie.
now held by foreigners This Ia BY no means the
most important eject Of such coup d'tiafs ss Lou.
Napoleon practices Capital for employment in &C.
tive industry is eeming out In large sums. Manu-
acturers, mechanics, and artisans and opersves OF
all kinds are emgrating to our shores ard with their
money and their kill engaging in the tranch os
industry here. guaranty that they viii be protected
in the prosecution Of their art b alone sucsrt 10 re-
tain al tina; and induce others follow The
GLITTER for manufacturing great and good In th
ssuntry in sny other part Of creation We have i'm
markets within limits, and favorablyio-
Gated with regard to markets OF other countries rsans
pcrta;;on, nterr ally and externally easy cneap
and expeditions In this country In any part Of Eu
rope end the time Is not far Distant whom, asa nsnasc
turing nation shall stand second 10 no other on the
face Of the earth All want capital. Al all basards
we shsl acquire that sradusIy but thankful for
any movement calculated to induce capitalists in other
psrts of tie world to not only transfer their money 10
our shores but to with it, for whore their treasure
i., there viii their heart be also.
The .7sny sunsl gives the annexed abstrsct Of the
returns Of come Of the railroad companies of this state
In theonce OF the State Engineer for presentation
70 tho Legislature made for the year ending septeter
30 1851
Rrirosps tF rsr srsrE or Nsw Ye,E
Length Cesf. EGn;nss E1euse-
rifles.
syrscusc aud utics.. SO S2s709s2 sses 1ss s2laoo,
no,b avrs A eaJ oao