New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-12-03
STATE OF EUROPE.

y,s. Our Owr Correspondent
LONDON, Friday, Nov. 16, 1855.
The financial position Of France continues to
sive hope to the Republicans and uneasinesato the
ynperislisis the Government and nation Of England
heluaed. The lastmonthly return of the Bank of
France, carried down TO Nov 6. shows in com
psrison with the previous month again decrease
IN The metallic reserves to the amount Of 2o,eoo'
900 frances and the fact that the notes In circulation
have in the same time decreased BY So,ooo'ooo,
housh not unfavorable to the Bank, sho "s clearly
The restriction Of business, and consequence OF
which thousands of hands are constantly discharged
from the manufacturing establishments. The sin
sslar operations of buying up gold IN England,
which have been conducted for the purpose Of sup
pertips the position of the Bank Of France and
s,sistipa the Austrian Financial Minister IN the
foundation of bis projects for retrieving the credit
Of his country have now ceased for while, espe
cially since the Banks Of England, Amsterdam
ma Prussia have increased their terms for the ne
eetiation of mercantile paper; still it is asserted
that notwithstanding their temporary cessation
they win be renewed "One Of the worst features
q Of the Paris money, sto,k and share markets."
says The Observer, paper rather favorable
to the Imperial Government in France,
ais the heavy amount to be paid up on loans and
"sbares for months to come. According to some
statements these reach in gross the amount Of
moro than $3.50, 600 of francs, or say in
"Iound numb. RS 954 600 900 sterling, spread over
months TO come, at the calculated average OF
f3,O00,000 per month. Now, considering that
Z" the monetary troubles are mainly the result Of
the speculation in stocks, railways and all pos
"sIble variety Of shares and schemes which have
81 been raging in France for nearly two years past,
cit IL natural to look with anxiety TO the other,
even graver elements OF disturbance in France,
from the failure Of three successive vintages and
two grain hsrvests. The cost of all sorts Of grain
"pow being and to be imported to France, and
"of wines and spirits from Spain and elsewhere,
cannot be calculated at less than E20,O0O,O00
from this to next year."
The French crisis could not but react on En-.
Gland. While the discount is at per cent
bread of second quality has risen to l04d per lbs
and best bread to 1s. the qusrtern loaf sugar, b.
osn and pork, candles and soap are all rising in
price, and though the money market is not dis.
turbej, the lower classes in great dis ress and
at Manchester we have the first symptoms of a
strihe.
The Governors of the Bank bad on Wednesday
IN interview with the Chancellor of the Exchequer
in Downing street, and as there is a strong agta-
ton against Sir Robert Peel's Currency bill--it
was rumored that the Government have intimated
IN intention to authorize the Bank to increase the
notes they are allowed to issue on securities, be-
yond the present total Of 100000. Still The
Nmss's reporter of the money market assures us
that the Government did not 60 80 far, and only
intH sted that whenever it may be thought desira-
be the subject may be taken into consideration.
The schemes Of Baron Brick the Austrian
Minister Of Finance, have 30 far scarcely met
with the sympathy Of the financial world The
Bank shares have positively declined since the up-
funded debt of the State to the Bank has been
funded by transfer Of the crown domain, and the
premium on silver ranges between fourteen and
fifteen per cent. Spain, unable to extricate her.
self from her financial difficulties, has had to rein
troauce the excise duties in all the towns of the
country. Turkey and Russia feel the pressure OF
the war most heavily. Prussia of the great Powers,
and Belgium, Holland and Germany, are the only
countries in Europe whose finances are now in a
healthy condition.
The official report of Gen. Williams on the bat
tie Of Kars, on the Goth Of September, sheds sddi
tional glory on the heroism Of the Turkish gsrri
son and the energy of Gen. Kmety, the gallant
Hunaarisn hero. The dispatch is written in
clear and graphic style, far superior to the msera
bic reports of the late Lord Raglan and his sue.
cessor, Gen Simpson. 1t is evident that the i'm
portance Of the action was at first moderated by
Lord Radcliffe, probably with design, that the
glory of the storming of the Malakof and Redsn
might not be eclipsed. 1t Is now authenticity
tabliAhed that the Russians left more than 5000
dead on the field, and that their total loss must
have reached $4,000 Still, as the garrison had
no cavalry the horses having been partly devoured
and partly destroyed BY famine. the victory could
not be pursued. According to the last CONSTANT
neple sdvices, convoy Of provisions and smmu-
milton has since reached the invested fortress,
ale Gen. Muravief has in consequence begun
His retreat, which has been rendered the more ur-
gent by the advance Of Omer Pasha into Inertia.
Emir Boy, the Nab or lieutenant Of Shamyl, in |
the central mountains Of Circassia, has like wise |
succeeded In nterceptiDg Russian convoy. AT. |
Airs have taken, on the whole, rather serious
tlrn In Asia, and the mountain tribes, which I'M
til now have remained neutral, being reassured as
10 the intentions Of the Allies, are ready for .
descent upon the Russians in the valleys Of Min
grelia and Georgia.
private telegrsphic dispatch has been received |
at Paris, announcing new victory Of Omer Pssha |
ever the Russians. The place where the Russians
were defeated 10 not mentioned. The date 10 the |