The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-10

ooun0WDtro - Q
snswer on hand. Auaria Ksesia oouia psooassy
for OF the gsd absorbsr We msht probably
find the psace Of the s.eses deGsency by tracing shs
We ace DIARY enough hss tbare il moro tnsinea q.
hand than capital to cover u u ths7e were surplaa
% ~ Ase and inves,ed IN Hors of prsspcctis utility
since that NOS 60 II We arc e7gsyec works OF purely
no u.essn M oa,
tAtm tho circle Of exchsDgcS vf stop a Anch pai s
ard those who are rsxps ,heyproperty vs' fnd that
although wealthy al future tutc they DegersG
TO-DAY Those cssscs who risk their ndnstry dsYcnd
the present interruption the circle Of Ia
and nSerer 10 there any reason to ssppose tns large
part of tho n Ade OF Europe s in this prescar
s fcr present purpos 80 far basecss aud
great societies Of Paris bnsed upon rcsi ansacpns,
wah sufficient security, others, we know. are Dov 50.
One Of the i,snuneraae ecnspauies of Pevs IS befc,-e
soo' Id 3s ln'csicncton cii the fraus Of Of ia
original dirscors and the capitol smplicatei in The If
tie and Other ssdsrrlngs - stated ~ f2 O0o OOe
We could point several Aose operations ca
7sed 0aa tat (which hdue absorbed io,9e eapitdn the
cvesote n,uisa qso n.A oss slia1 Ii is In Paris thse
certain persons Of smaL poh,,cs credit have got up
Crsdt Mooilier for Madrid. where all credit was mo-
biissd long ago. in the r,oss ud!crous of the
words, since spain capEot keep up the pay mens OF
interest on her consolidated interest OF old loars
Again Russia is askng 40 0000, ,000--or at present
Gl2 03G, ocp-for rgiways when railways every
where In q sase OF depres,sa. Austria Is seeking .
Loan IN ths npsyket Here millions upon milfoas 0f
suSu,y ano as%s,s NO na..s,y ~ .sns sn
return Ia, In fact absorption OF our already insu
Client capital IN vide feic OF anresi commerce That
process cannot 60 Il must oap But for who
arc busy engaged In the trading crowd and turmoil
there is no Trustworthy test oy sscr minating
tho true and the false. Numbers engaged ia bona
de iabofs behalf OF taose WHO trading the
real the real traders calculating pay ment they
will be disappointed, and the suspension OF pay
mens, or stoppage, witt break toe round OF In
ousry In many cuc,e OF genuine trade. Tns
is hard 4 viii create esscoutsnt sh.peaed
by injustice and by hunger. This, however,
- net the worst canger Those who suffer
pinching cyen in ooa can bear the hardship others
bear II With them Bot In the country which tae
greatest actvisyn the speculative trade there s not
the union OF classes which would soften dssp point
At once proiesssdlS c,niron,od the .seven miions';
and confronted tseh with people II m, courted
the Liabilities Of democracy wsaaut iss safssuards.
Even that is not the worst AZ rcle the enplogiDg
classes bave cast their lot with tae governmsns and
they dread It's removal for tes. Of eisin-oance and
ioes The employing Glasses have been intent
profits, on interest ter money lent They have pushed
thesr speculAt,ons, which be brought suddeaiy
10 account They have vt the same time eschs wei
the dangerous democrGy-bave stood aioof from the
many; more than tho elected OF December Any
general suspension Of payments would aiilci one class
as much another, oct the wofging classes would
thin 40 In The middle Glass taev those WHO
made money by ,he rps and downs Of the mArkespeeu
ators who have rissed suspension OF a1u.iry whcn Is
starvation in the lust OF iucrea sesvi- horde wor
shp al arbitrary aoVernment Tor tue sake or pelf-he
authors OF ruin aiion. The inciten o all
Is this simple fac. oi zsoa OF interests Ia IDEAS IN
feelings And II thero were any general trooble Ia
Frsnoe-ny Of the di,conlent which - oesotten oy
arrested wages and ear breaoti Is that separation be-
tween the classes Of the people aiCh would be o
dangerous element RS The Economic storm han even tue
everarce ol goveia aWent frcm the people. Alone,
guided, suspactag lulse wha should Aai tnose
should d, tne r 4aa n tbeir Suffering would not be
wise. We speas o0nd uonaliy, for what human lore
ssh, can recSo the events o. ths coming months but
truly we shall be glad see the son cf sprng returning
upon Europe.
The Great Russian halfway Schemes.
THE FRENCH CREDIT MoBILIER AND THE RAILEoAps
WHAT is THOUGHT OF THE SPECULATION. IN
ESGLANp.
lst PeufsburE Nov. 80 correspondence Of London
Times
The nne days wonder Of lhe season here Is tho way in
which the Crcon Nooplsr Count do Moruy have ,,
the ear OF The and obtained the concession Tor
four i've OF the principal liner OF rail way 10 Russia
These fines Measure by hundreds miles, 10 place Of tue
more sober reckonpgs IN Engiard OF bS tens aud h wi
ths tore surprise no one thai the extent OF work untcr
taken BY that ubiquitous comps ny should be nearly
2ecc nnles o. railway. ana involve IN expsndisars
csecipg Ts2 Ooo 600 sicrng IN s country srch being
their last ADDITION to the heavy engagements similar
undertakings IN Austra. ssnzsriand Spain and else
where
The story runs that aac Pereirs who q celebrated
for his skill 10 financial combinations. has qae cxcslsa
himself on The present occasion; the mon.yed olksf of
give him the credit but gossps wanting
who Affect TO SAP that political even more thau alancts
objects have been kept view, perhaps neld up 10
view by the ADDRESS OF The representative OF France al
II IS further rumored, though L scems difficult to vu.
ders,and ih except on The above ny ponesis OF political
consideration, that nothing known In the Depart
ment Of Public Works about the real progress made in
the negotiations between he korny Co and a certain
entosrG0e Of the Emperor until ysry few days before
the contract actually signed. Even much
mains shrouded in mystery, and the want OF positive In
formation (otner than the short ab.trac OF the pr ncpa
oondniops which have been privately circulated and
which have been already sent 10 ondon) given rise
TO variety OF reports. most Of which would be useless
TO repeat here. Some o them, however, sufficiently
plauxible 10 be worth mentioning, and those hich
are generally believed 10 be true.
zach OF tbs parties signing the contract s supposed
10 have undertaken the dispesal Of certain pro
portion OF the shares intended TO be fret issued,
Rus, couuaen, 10 sa 100 OSo s,oraa OF ssos one
half 10 be Issued In Russs the othcr 80 COO 900 ster
ling being distributed In the money markets. OF foreign
countries, including OF ctusse, England. The shares
10 be each Of l25 roubles, E!o sering or 5oof,
without reference 10 variation those equivalents
by any fluctuations IN the rate OF exchange, which
10 the pound sterling or 80 6h pence per sver roube
rsic higher than toe average OF the last lev years,
but lower the exchange OF the day which 10 about
3sA pence per rouple, rse having taken place
known ON the :, Petersburg Exchange inAi the
concessions bad been granted and the contract for the
s,egiiz and his Russian connexions are said 10 boast
o. issing no dlcny pis:ins me snstes ,lioed Tor
GLIDING Poland, whore Frsnkel tho humble servant OF
segtr Affects 70 lead In duance, and TO command the
purses OF the WARSAW capitalists.
The Credit Mobiier guided by Pereire aud driven by
Dchorry, the Hopes Of Amsterdam. and the Earrings
Of Iondon, believed TO have engaged to spread
their s.ot1 over tber respective countries We cannot
therefore expect less ths3 g. sterling OF this drs
Issue Of Russian railway script 70 be thrown, or a
least ate mped 10 be thrown The London stock Ex
Rumor adds thai the intention 10 call for 80 per cent
shcre have been cauiios money demanf led by the
Russian government Eet te most careful inquiries have
not discovery that any caution money has 10 be
deposited On the contrary supposed thai this usual
precsu condition vl no, he enforced. and, n no,
viii be another argument n least II not proof that 20
lioAl much that technical financial consid
era,icns have been prevalent, u beng well known 70
have been, until quite recently, insisted upon In
the Department Of Public Works that caution
money should be lodged by all who obtained
concessions. Aud (to revert for moment to
tho circumstances under which The concession for
Rus raways been granted 10 the Credit Mobier
OF and their r Dds) quite notorious that the
present scientific snd upright Minister oil Public Works
Tor Russia extremely anxious 10 begin the railways
on mode ssae and 70 divide the concessions
among tovtra rather than TO throw every thing INTO the
hands OF one evafhan establishment And sd less
he would any other Of common sense have been,
disposed ave such association the rent OF pre- emp
tcn Of all ober lines OF railway be hereafter projected
In Russia which right 10 rioe, positively asserted. the
Credt Mobiier have got.
for nsking 90 nesvy eau W the hrst Instance would
bind numbers, perhsp. nearly all 70 continue 70 pay ur
the other cals rather than sacrnce large install
ment and may DO that is 70 repay tho Russian gov