The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-05
ADDITIONAL FROM EUROPE.
The Financial Crisis in france and
England.
AFFAIRS IN soUrHERS RUSSIA,
THE FINANCIAL CRISIS IN EUROPE.
The Condition 0t the Banks Of England aud
rrancs-The DRAIN of GOld-Whcre Does
II G~!--Hne Faau Question. Sc, Sc.

The Contlit,o. at tho Banks Of England aud
+ ranc.-The Drain of Gcid- Where Does
II GO!--Tac Fs,au Question: &c., Sc.
from the l. ndon Chronicle CITY Article) Oct. oo1
fs discount houses yesterday gave notice that rney
viii allow per eent for deposits Of money placed on de-
usud Til, is the rate the joint stocs banks
allow for deposits placed call or at seven 70 ten days
Do,ice and is, therefore degrce 81 hceraNty twards
the public which must attract capital more freely than
Lombard street. II however shows that there Is
very active inquiry Tor money, and that the discount
brokers are resolved WI. supplied For no days
past they have daily seeking Tor the surplus balances
The banks others but the offer of taxing de oss
on Demand Instead Of a. caH Tor three days will probably
render such duty npnecessary.
The following table Of the current rates of money wall
be useful:-- Per Ce,a
having more shan sixty days to rum ............
tto-Siaxmnm dor bills not having
ne joint sack nsuSpe on cali with seven
70 ten Days notice III ithdrawai) ..........
The Iiscount Brokers-Depost on demand $500. o
We would again direct particular etten'ion To the
Bank OF England re1rus gwen below. IL VIII be seen
that they again uraih evidence Of the severe pressure
upon the of the establishment 1t is imp
also notice that the dminution In the stock OF sa
hon, which is the OF the whole OF the advance
made the rates discount Of fate continues aud
while it does SO, the public must expect the raVe 10
COUP 49,,
Public oepc its "a 1853, s51-necrease. 60, 1885, 7s
Saveru asp Securities oto-ecrsass
Other secu ties. ~ 26G 4tS-Decrea.e.. 6t0s7
Reserve Of notes. 5h1 4so-iecrease si5 $50
The raising Of the rate # interest by the hanks Of Eng
land France simultaneously according previous
arrangem between the two boards If direction In the
event of the application OF the to the Chancellor OF
the txchequr tor limitation to tho restrictive poll
cy Of The bank charter being refused has caused much
greater sensation throughout London and tue
generally than any previous advance during the las few
weeks. The present quotations establishes in Thread
needle street concurrent with the di heartening
counts received ff,m faiis, aud the we'll grounded
pectaions that the value OF money has not yet its
INIT have not rnnn, uraily caused the remark to be
RfD-R Ut m. and Ia atn 10
o. things t. endY The answer to the inquiry has not
been q reassunc character to those who would wish
It IN be thought that there Is for uneasiness
aad that money has reachei its maximum of value
kacts speak with hundredfod influence than any
reasoning upon mere suppositen the FUTURE and
the effects ID influence Of the present STATE Of things
The commerce trade OF the country T. conoundei with
much mi chen zion have been The present
II monetary In It's mot strict sense aud not
q commercial pressure for money; In ordinary cases
but one but this Is not in the present instance
The primary demand for money is not for commercial
but for exceptional purposes arising from exceptional
canees. and has no more to do with ira 10 than the
college of Oxford Cambridge The demand of
A,e for gold has been caused .,iy by The war
Sr war purposes. and while the war continues the de-
1and will continue and increase. The inquiry for money
H. by government not BY private individuals comma
mites, and uni the war Isl Terminated the demand will
not cease. Al the present the gov Of
England France Spain, Russia, Austria, dina, &c,
al have esfed demauc upon them arising from The
but h0ke which feel il in the greatest degree
are france, Russia Austria aud ENGLAND. England feels
BY the enormous unproducti,e expenditure of otaer
countries Sic has not only to supply her wants.
but thote al others and there certain indications Of
ssil greater demands upon her Fresh loans appear,
pot in The distance but close at hand--not for mil
hon but for several The demands upon France are
eAtr. mely heavy, much greater than upon England,
and in me shape or way this cou ntry has
been made and will be made 70 supply her wants. At
the came time in erna difficulties beginning TO arise
Popa or indignation is being lsed the subject of
the high price Of bead and that the French govern
y July alive to the threatening Of affairs is we'll
an W. The public IS France are nos becam,ng aware
Of the real unsoundoess of their ae prosperity
sented by the earny rampant state OF spccua
hcD and they rot unnaturaiy and fear the
scfion which has already commenced aud made IL
sasy for the Bsuv OF France To adopt stringent
10 check The speculative tendency by reducing
ITS .ovnnces to only 81 per cent on the vaioe Of stocks
& Instead Of driving gold away from France it should
be the policy Of the Emperor 10 draw il Is mucn rs
sons to believe that this the goveromen, hss n
aSt resolved upon doing and. further, that let The
kss be what II may, ii will import both goi and ci.
contracts Tor both have been entered into with this
country and the UIed States with this view, and
tho e that have been completed have replaced by
fresh engagements These measures much m,re
likely to reev. the government ard the bark from
dhcuifies which surrounding both, and which
.esn such serious consequence, II not bold and
nrnly taken In hand. In times like the present. the
pecu iar characteristics of the French nation should not
b ogotten here and they certainly forgotten
BY the gov rnment az France which is taxing
accordingly The FEELING in monetary and commercial
circles las to-day ben much less aorJd of the future
1o" at period since tte pressure for money com
Ss,ce The present Of interest il is perceived
must put most decided check trade Of every kind
wh,i-t the probability, II not the certainty OF tho
rates being higher. has a s-iI more extensive infn
ence The reception which the news Of the hank rate
having been put mp met with yesterday at Liverpool
where great excitement prevailed HI, moro than any
hing cte, perhaps tended pro gloomy feeling
MT previously apparent in the business circles of London
ihs was the more remarkable, the supply of money
was very plentiful ami the demand extremely light. The
ease however, IL but temporary and therefore has had
but title, any, influence ia counteracting tue depres
d n 40 gene ally prevalent.
The Bank oi e. gland return for the week eating The
~ inst when compared with that for the preceding
~eei exhibits the folio wing changes -
IN the liabilities, dec of public deposits Of
746 673 an incrsase 81 other deposits 81 et oss as2
dcrease rest OF 1854 $40 and rease of seyen "
and other bills of toS, 80
10 he assets, the return shows decrease Of othar
seeo tiles OF f5le SAT decrease Of of notes at
fSi5,sS0 an increase of gold nnd silver If sl $40
and dec ease in The nmeut securities u eS5f Io3
he bullion in the issue and banking oepartm~as ~
ge'her anoupted To ell 752 Al which, comp .r,d viii
IL z,-si me amount u the previous weeks return,
alb We q decrease Of G5et SEQ.
The notes in circulation amounted 60 Go els.3s5
which az compared with GO, 2ol $50 The amount of
TIE previous weeks return, shows decrease of
This statement, is sgain Of an uuiavorahc eharac,cr
and IL only very partially redeemed by one sasisfl,
Tory item II VIII be observed that under the heads
oi public defosits and the rest the b,pR hai paid
out 81. coo more notes, of which Il hat
received back on account Of the o'her pi
vste deposits fl,0o.0c0 leaving e. 200 0OD s
out The bank had therefore, soi stock the extent Of
a. 0SQ which, ~h dec al "a o 100 IN the thor
securities or excess ri bills OF against red .c,unt.
sonDted FIR bu which appears in IN. decrease 90
IN The baon AMI tae increase of fss in the cr,u
ton We have thus traced The ope atoms II the pa nix
hr the past week In familiar style that the public
generally may comprehend the various charges IN he
sese al mootant items II the The resul, a.
that although the amount Of bills ~orh dirc,ant
frtee decrease Of half MILL, sterling m. nd
M h had not ceased AMI the drain up the bank
sources had been very great oblng to sell STOCK 70
neay one million sterling and yet Bringing dowa It's
r.et,e II notes 70 four AMI hsF mill n.
me Court Of Bankruptcy Ia day an aijournment 81
an he INK mt nj
eo,sc neres'ord ordered, with the consent Of Mr.
'n ~, Sho apIeared for the assgnees.
" .ae .,ur' ot henkrapfey petition which has heen
:" ne uh,e pending against Sir Robert Price Bart
- :. TOT hs,e'oid, under the private arrangement
clauses, has been converted into a b.nkrup CIV rhe
srounf OF the dents and liabilities which pasf, ar,se
from Tho bsnkrupts connection with the an morgan IRON
and Coal Company's works Brii,end Goes =. nra
sent be nscerta,ped; the assets Mia Nv uncerair
fsron the London News (city ar'lclel, oct so1
The English funds continue fall. Afurther ,a.l,,.
of per cent estabhed yesecay afternoon AMI mo
closing quotations were "a cen below those the dav
previous. One Of the immediate oe the S
cline has rested with the fact hat he Bank - England