The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-28
The Monetary Crisis In Europe.
THE OvERIAxRD AND ILL FED W0RKNBE or PAgs5
-ALAEMINs STATE OF PUBLIC PxELING.


drawing back after all that has been said Il not done,
are the grsa. difficulty Of the day. Yesterday 1t was
sad that energetic resolution was adopted but
what meant by energet resolution we cannot learn
II II ere'y consists In recalling respective legations
and breaking oil oil diplomatic Intercourse with the King
OF Napes that might have been done without making so
much noise about the matter The fact H. at the present
moment the Emperor OF the French 10 quite as much oc
cnpied With domestic Affairs he s with NeAp,itan
question These Affairs do not present the M rlng
aspct II may be true that the resources OF franse are
vast, and that she rebounds with wonder elasticity
om depression but Is not the less that stua
ion is far from encouraging and tina. greater dais ex
ss among considerable portion of the working popula
on OF Paris than Tor long time past The arsans
aubocrRs do not conceal their discomfort aad that dis
con'ent IT, usual directed against the governmsn ant
fhe Emperor e believe beginning to Iearn the TRUTH
am told that depuntou OF wo kmen of Que OF The f,u
bour2s went to st Cloud yesterday TO lay before him
their copoiton, and the imposs, ty Of their supporting
the heavy burdens particularly OF house rent laid 90
Them. They were well received no doubt and 90 far
came back accomplishing bu, the symptom is fdll OF
piacads again found pos ed up last n.gha
the Halle sin menacng 10 the sroprletors and re
pca,ing the demand for cheap bread In some there
were the words, ''Fise rEapcsprn following the
threats; Il others they wanting. It is unror.
iunsie that The long absence Of the Emperor
conceded with the panic caused by the
financial cricis and witt. the distress Of many OF
The working classes because gave fr ;nferring
wrons'uy am sure, al indifference on his part to their
stne rigs among the Plans o. the Court return
rom Barliz war Wait 10 Conpegne to enjoy the plea.
snrer OF the chase The Emperor would act wisely by
e ,S up .. e. posonins 70 better days this par
c.9sed by the people and workngman Of the fau.
hoargs was heard TO the other day, ~ -p.ye1r ra
a IA chase; sa tan 81 aoIs aili0ns aos G.sst, Ia
ihns.e -
You do not learn now FOR the rst time that by the
Of the population tue Emperor ana no one else
considered as the government ire ministers seldom
aken into account. they supposed by these
stuonal ressoners 70 exist as matter OF FORM obey
however tAerng TO imperial vanity "a not wtuout is
'nconvspisnce; 4 ass on 'he Shoulders of one man
Aehurden which ought to be divided among many that
o. responsibility before tie public. The withdrawal
efore, OF the tuieary coun.enauce OF the Emperor
cannot in Their opinion be supplied by any other II he
IL absent nothing. they Say, can go right and bis long
absence at po and Barrtz has bee criticised
stronger terms than TO repeat by those who aay
that is to them alone he his throne Il the C,ur
persists in going 70 Comp gne for the purpose o. hunt
ing OF other reves may ind on It's return that It's 20
puiArty has fearfuy diminished The topic Is onen dts
cussed aud people asS why should not the Court the
Court Is bent ampsensnt be satisfied With the charu
4 z Tetreat Of 81 Cloud. The Emperor g. perhaps By
this better acquainted with the extent to which this feel
ing has spread taan before his return 10 Paris and
occupies his mind quite much the Neapotan cues
ton lie has himself ssen whether his reception in pub
lc nj the Opera for instance the nght-hs rst
appearance since bis re.urnwas "a 4 used TO be
Paris (oct y correspondence OF the Iondon Tines
The financial crisis is serious SUD ect oil d!sSon
ten, than The Nespossn ne panic TIA, preyas Is
silver is attributed Tor the most part 10 the immense
quantity Of specie out TO China by specuiators But
whatever be the cause. or whether the alarm be
iushaole sorne suppose u Is certain that after
rbe Crisis OF ss., and ol he ot The revolution Of
Feorusry the three per cents were at IS while Al THIS
mrmeni and alter peace esred 70 be glorious for
Fran &c, with strong and popular government and 10
the mid,t 6. tranquility, The three per cents a,e be
gent Wit On eve,yshpg, even Gu their disasters and
The celebrated saying LEaytre ~ Ia Pai Is ira
as usust blamed for slcn q state o. things We
reminded tina. In 1904 IN order 70 cheek the dear.
% iood N the capital The system Of compensatons
imagi1Dt and toe sGis a. trsiasf eststfshed
rhs, Nyou remember was applied 10 keeping dowu tue
pree Of breon by means OF 5rfcns by the city during
ytars Of scarcity on condon thar the Cit should rcim
bure iise by keeping the Price IN OF abur
dance The result Of s sAi ful stroae OF political
ron was 70 burden the city with debt Of 20 COO oo0
from which hardly any system Of compensation re-
hGye u. Et WA polite 10 suppl' bread eauve cheap
during dear years. II Will be mpo.ic make the citizens
o rsrs p.y dsarer for Their aay food than other ees
the ONLY m'ans o. eiecing H. would be hardly vcntured
on 10y ihs gouer nment
Another cause Of complaint against Official inter
venuon N commerce nj mae-s Is .he decree relative 10
tie expectation of grain and other such articles and
which has dlp'Dshed importation, and couscq Gently
tended 10 rase tie Price of corn The complaint Is prn
cpaiy founded on the improper inermcddiug In the
foreign market When Il VAS ascerained that the bar.
Of 1850 dt6c.tlt the aitsr announced thai
the government bad resolved 10 leave TO private CO
merce 10 sppoy that deficiency. Full confidence at
fni Tepoed in that declaration but remarked that
N the month Of May April enormous sales OF -four aud
81 wheat to tae place as Havre the agency
Of well Known house IN Paris, and account OF parties
whose names, a - sad. were carefully concealed.
fall oil course 'apdly ensued: the ira 10 took alarm,
ard many who had kept their stoc~s in expectation
81 rise we're forced 10 fe ai less Than The first cost OF
the article The Fss9lt loss I, vas
affirmed at tho tine thai the mysterious party whose
these large tales Effected the govern.
meat wnbsa1dng tho announce mert In the Meafew.
lame nse quantities OF -four and wheat were purchased 10
tho lnited Slater, which naturally produced greater
rso than private traders boughi On their owp account
and then sold 10 Trance for the purpose keeping down
the market II was calculated that ibg operation was a.
tended with loss 10 the treasury about L. 000f
with the &C aiion. isad OF preventing the re1u
IN .kr ~ tvoru
dertaknE these operations fearful, they De OF
again ensouneTipg so formidable eeDps'ition. The
quence Of tits ahsisining would be dminuon Of
supply IN case Of ces.iy, and, Of course, the high
p ices wb.ch follow scarcity.
IL g unio iunste that the financial crisis which now
prevails had aot been orese,n nd provided for. lxno.
can hardly be pleaded, for believe timely
rg was tlEen by compeicn; persons. The premium on
specie Is 80 high a. 10 almost Danish altogether
from Circulation ~ cannot be received but a the cU.
value Is calculated that during tic last Eve ytn.
about 400 Ceo IN silver have len the country, wha
rot than ftol 0t0 have entered H. n this cal.
cuiaon be correct; France has lcs within that period
go 0Oc o0c Of IL silvcr coinage and has received dor
tile hat IN gold. The result the greatest
vrnencs IN commercial aions generally and par.
ucvlary IN the Manufacturing districts, where silver Ia
Indispensable FOR the payment Of wages 10 the working
assoc. In truth, silver can hardly be found any
where 20f and itf. pieces, In gold, only are 10 be
tad. and or, 81 III and 6oc. pieces have nearly
disappeared. Tie esporisaon Of that metal e
speakng but q all amount OF manufactured produce
ana uently oeigcd 10 pay Tor foreign merchan.
vicious OF her custom houses, which the govern
ment afraid " touch. II "a evident that II tie
manua urDg products q this cornry cond be sold
rca. ely low price 20 the ned States she could scnd
them instead Of The precious metals In exchange i,r the
grain OF the American srmers and such crises tie
present would rarely take place. or would be less severe
" fcit
Another cause 10 " ch the crsIs q attributed
while taking rto account the eject Of that Germany
on the French market. is the enormous budinv mania
ol the Parisans The Mori,eir announced some time
since. y with satisfaction, that during the last nve
ears the constructions the capital estimated at
sl2 COG 6cof and that Tor 1859 alone the amount
gsQc(Oo,oc, white in 1850 ouly reached ~ o0c oGcl
10 il a one Ting 20 adorn capital with splen.
ala bu5ipss spacious streets and bouicvsrds and mag
nncent squares but nse every ether passion, liable
10 be carried TO a mischevous excess. 30 great
oton Ia The article Of public wo,ss bas Is earcf far
excseoec The dlsposabe capital and 10 certain degree
u,,ae. the remark OF some persons that have the
ostisss nanongur established. Tho i,crease
IN Paris Of the working CLASSES for the last Eve years 10
ssld 10 be very great In many 10 costly
dsrsirss have been without profit Many OF the houses
that have been demolished 70 make room for new build.
ues night have served for years. and several that have
been constructed at an immense outlay have remained
uneranted The government, by urging these works
beyond msasure bas cccasoned the secumuston Of the
worhnr population in one spot, 70 the prejudice Of the
rural dslcs, where during the Last harvest complaint