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

eI ING soouIhment o Inc DOAfd inc lOltOW1ng sAlo6
Of stocks and bonds made n auction by A. H. Moo
lay
5000 Cleveland and Toledo RR income I's. and int 10
500 New Jersey RR and Trans portation 6's d.. 9i
ie,coo Milwaukee and HORIZON Railroad s's, do. "a
5000 Iackawanna Railroad rs, do. 81
10 0O0 Memphis Ci'y 6s, do. 59h
s0sbares Wells, Fargo Il % .................3 21S
o. :. N,cSn1. .urnmg uompany.. 10
20 Brooky Gas Light Company 80
10 p nsns Tvs
- nuns heaa bSnK.......... VA
soona'ham banK '............. .....-....os hsoo
Simeon Drapers regular semi weekly sale Of bonds an
stocks viii take place tomorrow, (ruesday,) At 12b
o'clock at the Merchants Exchange
At the second board the market about the same
the whole. Some stocks advanced, while others de
clDed New York Central Railroad went up ID per cont
Illinois Central, \. Michigan southern declined X pa
cent Cleveland snd Toledo a. Erie opened aud oloseo
bIm at our quotations. The market is by means So
lively as we noticed at the close Of las. week. and buye
DO not take hold with the same avdty We should Judge
that most Of them had their lines filed up.
The Assistant Treasurer reports to day as foows:-
Total Receipts. Total Pogmsnis TJtal Balance
sls2,024 "a s762e SO sl229S,0i9 50
The payments to-day include 100000 sent TO
Washington.
The Philadelphia Ledger Of the 10th inst Says
The thing feared, should Mr., Cullen DO elected Psesi
nion and interests between The coal opera
loYs, has already shown itself Mr. gave notcs tha
allowance for dnmpago at the Richmond whar wsaI
cease nj once. We do not know what amount per to
this privilege but ess the coal operators
object TO It's withdrawal and Saturday. understand
meeting Of eighteen OF the parties interested heid
which 1t solved to r.sist the pa, ment OF thu
compaby's bills rendered. suit At law win ptooa
be amount large or small 10 Of little M smen coo,
rared with the want Of harmony which the movement
likely TO provoke
The public have been deceived by storics Of shor
Valleys, according 70 the published figures, are ou
$4,000 TONS This has been made up four times By
the Scranton, Broad Top and numerous minor outlets
and the proof 10 before u.s. in an excess Of supply
Richmond Of sixty days. shipment. Coal speculation.
subject TO the same dwelling force that any ohe,
commodity H. and supply and demand settle all doubt
and emo all disputes, the Eanagers Of the Raadnt
railroad have Just discovered To-day the large body
coal shippers ordered their coal 70 be sent by the scbul
kill canal I'LL the end Of tho season. the of the Resd
ing road having been stopped.
The news from Europe by the steamship Baltic al
his port from Liverpool does vary materially FROM
hst received few days ago BY the Canada There ha
been sght decline in oonso, and the impression
in the financial circles Of London that the back
losing much bullion. From Paris our advices are stu
unsatisfactory The demand for money unabased
and II was found that some commercial distrust hsi
The people France and Of the Continent generally
before them q financial and commercial revusou similar
that which swept this country In 1880 and 1887
about twenty years ago. The have been
operating In France which produced the CONFUSION here
and We must look for . corresponding result. Tn
Credit Mobiler holds about the Same position TO III.
Bank OF France that occupied BY the State banks
this country In 1880 with the old Bank OF the United
states. Previous 70 1880, upon the Of the pub
Tic deposits by President Jackson the banking system
Of the country became enormously expanded, and ii
kinds Of credit were inflated 70 an immense extent
States countless cities towns and individuals all ses med
DO bent upon contracting debts regardless Of the
tent means Of payment The state banks, undor G,
vernment patronage and the Bank Of tho United States
under Mr.. Bddle, were arrayed against each other
each vorng Guido the other In tho extension
credits. This, Of course, led 10 an expanson 70 hgo
prices extravasant habits speculation, and ultimaey
q collapse In 1887, from which the country NJ
largo did not recover for. several years. 10
France similar causes have been Tor Some time d,
work. When Louis Napoleon took control OF the govern
ment Of France every important interest Of u country
had been prostrated by the proceeding revelation. Con
mercial credit In bad repuie, and bankruptcy
reigned triumphant Public and private credit bslo~
par and financial srairs generally In . bad way
Tho arapciers who svnmed about the rising political
power, tomc VI Nuou, uhucf tno pfuNNt1oAi HuVesn-
ment, bad recommsr ded reputation, appeared
advocates of and tho OF the credi,
system generally upon BARS far moro magnificent IN
ne operation than ever before known rho Blns OF
France was e course the hands lhess
lnsnciers, but II too small ene,nn for thor par
pcses. II was too limited Va it, held Of scnu
and II therefore became necessary 10 looh sbou
tor some more powerful agent. Toe fertile a.
Mus Of The financial supporters Of Louis NapoeOn
not long io-s and the CrecissNobor The result
Of their bined consultations. The operation of ins
Institution has BEEN, from tho start, comprehend
enough 10 satisfy the most inorana,e scculaor Of shs
Parts Bourne. NJ you'd and bis colleagues formed a.
1rst the and council but their specuasions extended
other great capitalists brouebs 10. Very recently
the Ho,hschlds have been involved the great csudrop
or Tie Credit Mobiisr, and their revenues have adea
materially the operas,ons Of that concern From Paris
hes extended into all parts Of the Continent sAi all classes
Of people have invested largely in ia shares. While
the debt Of the government has quadruped under The
expenses Of the Crimean and pubic Improvements,
The liabilities OF the people Of France have cusdrurled
Under the exsrsvsgance and Expectations Of til, day.
Credit has been easily obtained that oil have become
involved In some scheme. Public securities Credit No
ber shares railroad shares stocks o, all kinds have
been psimed Oh upon the middle and lower casses.
absorbing all their means, BY the grca. 1nauces and
spectators OF the Bourse and ~ the expenditures Of The
more In accordance with their imaginary than
their actual means follows that later there
must be collapse throughout Francs, and per.
haps throughout the whole Of Europe, that wll
shake some Of the governments 10 the very centre.
re Bank Of France has for rome time past been up,n
the eve Of q swpensioo q spccie payments. seve-
raj Applications have been made 70 the governmcut
for leave 10 suspend bat al have been refused.
has been proposed thss We bank ssuc poe. notes. but
that would only he putting OF tho revulsicu 70 make n
more disastrous when cane. A movement similar 70
that attempted iu previous 70 The great revulson
In this country. me Bank 81 The United States ismed
pcst noscs, and for time thought tho dfscuity
had sbccu rewoved-bus n re appeared In more ter
rblc shape, and shown In the end that every
sure sdoped 70 pallae The public cmbsrrass
meus coly nAds thsm more fatal and vide spread In
Their operations 81 ibs end The disease Lee 100 deep 70
Be rcnoved BY NE application Of qusck sossrums. II
mvst run VA course and run out Suspension Of the
Bank Of France, The sue o. pos notes, and all yessyso.