The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-06

to abstain from any course Of action which, while
ting temporary appearance Of prosperity BY high quo
tatinns will inevitably mperH not only the mmercal
future OF France but her political security and possibly
the safety Of all Europe.
[From the London Globe (City Ard,le), Oct. 49,
Yesterday afternoon The directors OF the Bank p Eng
land not ory their Of discount from 5
per cent up bills having 90 days to run but they
likewise advanced their charges to per cent bills
dated from 10 to IS days position winch matters
had arrived have been considered very by the
directors prior 70 their adoption o. This course such
count bills not having been made for some years
1t Is only fair to assume that the bank be in
possession of such information to compel them
adopt such course and possibly the immediate pro-
vocation TO this step was the final conclusion Of the
raj months past has hung like shroud other
continental States Previous the great crisis 1S7
although the circumstances might be totally different,
they pointed to the same inevitable result viz, de-
pletion Of the entire bullion Of the bank. The i'm
potant matter TO ascertain s, whether the Bank Of
France will cooperate with national esta blish
meDt in resi- ting that joint drain of specie from which
it equally suffers. That such Is the appears DO
proved by the fact that the directors Of establish
mept advanced yesterday lis minimum rate Of discount
on bills from 70 per cent and it is known that the
directors Of both banks have been for days In
constant communication. Notwithstanding this gloomy
aspect Of monetary affairs, the soundness of
mercia relations is ndpuable therefore, although the
utmost caution should he observed for time, the
public need b under apprehension of approaching
crisis detrimental to the public funds and mercantile
affairs in general which aarmsts and Spectators pre-
dict
On the Paris Bourse yesterday business very dull
and rentes fell from SO to 90 centmes in consequence of
the measures cone to by the Banks Of France and
EIgand and it generally understood that the two
establishments would continue to adopt the most strn
gent to prevent the further essenng Of their
Of specie. The grain market continued calm
and buyers were numerous.
The Bourse OF Vienna the 18th inst influenced
fy the report Of issue of shares Of the Bank
OF Vienna which to be made pay able for in bank
notes.
AUSTRIAN FINANCES.
letter from Vienna, the German Journal Of Frank
fort says
We learn from good authority that the Emperor has
given his sanction to all the propositions made him at
lschyl by the Minister Of Finance is therefore pro-
bable that the projected will be carried
to execution. We have particulars of these impor
tant measures, but the general outline Is to establish
institution Of credit, to receive the name of
'Bapque Generate de Credit" or sHypothek Bank"
with power advance upon public and other securities
The effect Of this Credit Aobtltr in the Austrian
pa expected to prove beneficial to the commerce and
industry of the empire, inasmuch the paper of the
bank may be negotiable in London and Paris and thereby
tend 10 increase the metallic currency of the country by
influx of gold ana silver, which almost
at present in the Imperial mint Likewise it expected
that the nndeveioped the southern donons
will receive an impetus from the probable introduction
OF new capital and the government be enabled to finish
many important public works in these oviuces such
the great southern ne OF railway from Vienna Trieste
and their contemplated docks the shores Of the Adra