The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-11-01

THE MONEY TROUBLE IN FRANCE continues TO
affect the stability Of the financial world, and to
alarm all who have dealings with the French
According to the news brought by the Asia, the
drain of gold continued, with undated steadi-
ness; the Bank Of England was defending herself
by new precautionary measures, refusing to adj
vance on government securities other than
exchequer bills; the Bank Of France was still
hesitatng between further restriction and suspen-
sion, the prevailing opinion being that she would
be compelled to suspend.
AS we had occasion to demonstrate a few days
since there is point at which no option would
be left to the Bank Of France. There are circunl-
stances under which she could only choose be-
tween suspending and breaking contraction be
ing out Of he 4ucstion. But that point and
those circumstances had not been reached when
our latest advises left Paris. Therefore, for the
present, the prospect Of suspension depends
directly on the prospect Of panic which, if any
faith may be placed in the trade circulars, was
less on the last day before the sailing of the Asia
than it had been for some days previously. At
the same time, it must be noted that the policy
DulCutQ tlit IsHiptloI IL
to produce panic. lie is enforcing absurd old
police regulations forbidding the export, the
sweating the "rcgratting' of silver which natu
rally can have no other effect than merely to
brighten people. He has forbidden the admission
Of the English journals into France, as though
the truth could be shut out by Custom House
regulations. These measures combined with the
rumors which are aiioat in the ncighborhood of
the Bourse. may create panic in spite Of the
. better feeling" which the circulars announce.
One points worthy of note-thc connection OF
the house of Rothschilds with this rcvulsicn.
had applied to them for aid: last mail we heard
that they bad contracted TO deliver thirty mil
lions OF gold 10 the Bank of France: now we are
told that the sum Is not known, but that they are
helping the bank. The fact is that the Roths-
chlds who, for the past three four years of the
revived Napoleon rtgiH'e, gave the Empire the cold
shoulder, and kept themselves aloof from it, ven
lures and its dangers, have latterly been caught
in the web which Louis Napoleon spread for them.
and are now his financial supporters. No one
would believe such u story if the old Rothschlds
were still alive; but il is well known that the
usual depreciation Of blood consequent upon con-
slant intcrmarriagcs and generations Of intel
lcctual supremacy have been felt among the
Rothschds, and that the present chiefs of tha'
stupcndous house arc by no means fitted mentally
for the responsibility that devolycs upon thcnL
This explains TO some extent the fact that they
are The bankers Of the Empire, and the rumor
which Is now gaining ground in wei informed
circles, that they have allowed themselves 10 b.
deeply involved in The financial operations which
arc now so disastrously eliminating. To what
tXtcnt they may be participators in the suffering,
Of course no one can tell; but one can readily
believe that they have such an interest in the
restoration Of ease to the market as viii account
for the stories of their contracting to deliver gold.
II would not be inconsistent with what we know
Of the Emperor il he sacrificed them at this crisis
to save himself: aud, secure Of bis power % LONG
as the army remains faithful, If lie broke all tho
SPECTATORS, great and small together, and rid
himself Of the embarrassment OF carrying the
heavy ones along.