The daily union. [volume] (Washington [D.C.]) 1845-1857, 1855-02-01

FROM OUR oossEncIAL CORRESPONDENT



xrw Yoax Jan. 30 1885.
The Of peace abroad brought by hs last
Impaired for the extra animation 70 the
kets which, however sabsaed In many quarters the
idea ncalcaed that peace not the powers Of Europe
would asre o. money and that the effect a %
BY reaaelng the price and making Investments
tempting would induce the withdrawal u funds from United
however be hardly probable Ii IL well that with the
exception Of Holland Great Britain there country
Europe which hns not during the past quarter Of
tury is inoae time Of profound peace Austria
struggled desperately with insolvency and France in nine
years up the r~voasinn Of Isss enhanced its debt
$500 eoa o The industry az European people doubtless
added annually to the national
productive when suddenly the revelation barss forth
Consos England Under the ont influence cf famine and
the eartss feb TO 10 and suddenly did popa-
lar conruon strike down property in France thai the house
q Rofhscd took in November loan Of ESQ Geo 600 francs
rs, which eoald be soid 80 In the following
April. Government stocks, railroads. banks, and every
description Of property, became suddenly valusless in
battle the forecast Of the best informed and
sagacioas The moneyed interests Of Europe have
by the intercourse Of long peace become closely uni
ted that although the borrowers consist Of race
government the they may AL be said 10
bank with the firm The head of the firm nay be called
the house Of Kothscild which has brother resident IN
nearly az the capitals u Europe and whose joint fortune
has been placed fas ooo oou say $780, 600 affiliated
with this all the leading houses through whom the
fabric Of government debt in Europe has been rolled
This and lis rnmhcations embrace all the
ssockodes and corporate, in Europe and whatever
government predominAtes they must support credit The
loss d credit would be their destruction and the
machinery in fact applied the popular and TO alb
sontis Either dethrone sovereign 70 support him
funds necessary and both these extremes Of
keep with the stock interest So precarious
however position that the house ii Rohsehild which
heads IT, with difficulty escaped the popular upturn
ing Of Is4s The republican government however, wanted
money than eeced monarchy and to obtain the
credit resored With the restoration
peace new loans discharge debts incurred by umults
required France Russia, Rome Austria, Denmark Prus
slain short, every leading governmsnt-csne forward
and English capital joined TO that Of Russia, because the
Gar then, foar years ago. the ..preserver Of Eu
rope" and "Louis Napoleon" only ''seedy swell Al
Europe was of money for defence against
olutiun. Those bankrupt and lettering government
nov demand money hght each other; but who vii
guaranty the continuance Of popular quiet In thirty
days s4s Paris witnessed the loss Of funded prop
er than total value Of all the debts Of the United States
That NAV moment. Such securities ars
not of nature tempting induce prudent Il
withdraw from United States stocks merely be
supply has depressed renes HORNS, or netaes
few per The United states exposed neither
popular commotion The debts existing are author
BY the people, extent, and railroad enterprise
although Of the available capital here u
atey pay Conso vary 20 per cent in from politica
years. and French rentes, have
per from political thai cannot be foreseen by thu
informed bankers while those fluctuations take pac
United per sell uniformly and steadily at pre-
mum State stocks have huctuated under the influence
pecuaons based upon them but they rapidly regain
their par values.
Although the the East continues be talked about
as cause pressure and the bear party clamor loudly
about effects whenever prices rise upon them yet tbs
prudent merchant looks steadily at the fact that aubsidnl
bank speculation home and the reduction of individual
credits has far more practical bearing the mattel
than the operations in the East The bad faith OF ih
Gar be injurious the London exchange, but tn
defacaton OF Schuyler is damaging in Wall street
the explosion Of western bank effective affair
in Wall than that of Lancaster gun the wall
of Sebastopoi consequently, lind that although thu
Crimean expedition thus far disastrous. money is be
coming daily plenty and confidence stronger in Nep
York money plethora is nj hand. The banks sold NOR
money before, and the tide lie still food The de
for money the other hand is small Gold has gon
freely the channels Of trade created BY bank rags tn
West until shop keepers surprised at the receipt Of
shnpassers The weekly bank return again show
An increase Of $50 last week in discounts $685.
Lbs in specie and s4seo 900 in deposes, and decrease
10000 in the daily eiearngs. As compared with th
lowest point of discounts December ., the result is