The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-11-08


course adopted over the greater para of Germany, or
at all events the forn kreutzer the
kreuzer twopenny piece. though the size Of six
pence actually contains t~o pence worth OF silver
whole Coz ration without refer to the state
in which was coined. We doubt whether there IL
any coin In general circulation IN Europe o. such small
and bali pencethe exact value ct the existing rate Of
exchange Of the five franc piece in stan ard godthe
sometimes felt 10 Be ncon small bu, the loss Of
quarter franc mot 50 serious As that Of piece twenty
times IT, vame Our .hreepenny bit would be consider
ably larger though perhaps Msundy twepenny nlght
approach lis size They however not 10 general cir
culaon being 50 limited in number they generally
kept curioses course TAX by the French govern
mepts however full Of interest," for fairly takes
the now raised by the unexpected sud exh,usug
ton OF email change can be maintained In metallic form
without silver We think that to great can,
and certainly prefer every other expsdent before
sorting to the issue Of small notes which, however,
seems to be the only alternative for between melting,
than both put together boarding II would hardly be IS
ioDishipg silver coinage al aost disappeared for time
franc piece even though obscouaSs from rs small
pess to such notes for twenty and three shngs
as one encounters in Germany. We believe. however,
that The partial disappearance OF silver will be
permanent and that as regards France especially, the
silver panic has great deal more to say TO than
the export and that as soon IT Itself out-as
wi! In due tme-the boarding OF which Is the mme-
oate cause viii cease of itself, and the silver will
been transmitted this country 70 India and China
and which II will take some time 20 replace; though
doss not follow that any Inconvenience w result from
is being replaced slowly Tor the extraordinary issue OF
gold Ave piecesw have placed the stock OF small
change In the country In excess Of It's ordinary require
ments
excepting, therefore, the sudden ard exceptional
tahtness, which the Emperor . meeting With
France will ultimately be placed in any position Of
serious or enduring difficulty. II Is, however. not
easy 70 say what amount Of French silver may be
absorbed by Eastern that Is evidently
the direction IN which the stream Of silver setting aud
deraneDg the money markets Of the world. India and
China are the two monsters which are swallowing our
sVerthe latter, became the people will peitaer take
our gold manufactures; the former, i1 other
the remedy or ds-we shall first advert singu.
lariy enough, England ana India have diamelrcally
the recent gold discoveries, u well known that
most countries IN Europe with the exception Of
currences upon both gold and silver silver being prac
tcally the ordinary currency Gold, however, always
In India up 1885, where, whilst the silver rupee
the common coin Of currency and account gold
sse SIDE By sd as the Snu me md e
franc. At that period, however the East India Com
pany established m exclusive standard Of silver Soon
afterwards scarcity Of gold began 10 mako itself appa
rent all over the globe must be in the recollection OF
many what relief Was felt when il announced
that two or three millions year might be expected
from the ouIA mountains; and gold was ap.
parenty Increasing IN value throughout the world,
snd more likely TO be re issued 81 profit than at loss
the Indian authorized he COLLECTORS 10 receive
In pay ment OF taxes in 1sl1, thereby establishing In
prscuce double standard, a. In France and other
continental countries and for Eve six years this state
OF tbin1 went on no ineon yenence resulting. How
towards tie CT Ne Of the decade the god discoveries
was suddenly thrown on the markei-mAny thought
that would be fearfuy Deprecated and that tae
wbsn in the early part Of 1851 turned out that I'd
drora crop OF gold was 10 be expected home
IN Ausuara-the Indian government fairly took the
alarm and ~ Il could only make legal tenders
IN silver, found thai would be liable TO considerable
loss Il received tazes IN god-Assuming, many did
At the time, that the value OF gold would undergo con
siderable depreciation relatively to tina; Of silver. From
January. ls53 gold Was refused By the Indian treasu
RES queniy looked npon wah distrust by the
Iraisn pubic Large remitt.nces IN silver. inyoylpr
mrch expense in collecting, shipping, frexat and nsu
rance, were rendered necessary from England for the
purpose Of paying q Of $50 00J. 900 that
tai, bestes the or inary calls OF rapidly Increasing in
ternsl commerce. AMI that drain commenced which 10
may be formed from the act that besides the large export
Of the present and past year the shipments Of specie TO
and General screw Companies IN 1854 amounted 70
bsV5,5I2 OF which II sbb was gold. and 81 6s9 oi7
ss so me me snpmsn. om aosana amounted
= ,5ss,sIo of tbs large sum "a .Sa,'ss was sent 70
China naney e 90; s7 irsm England, and y, 1865
anne vessels amounted to -, 66z,1Is.
The present demand on our metallic thus
EASILY accounted FOR what be found the hest pre-
of IN permanent continuance constitutes the only
diincuty. That dlcuiiy IL VII be the Urgent duty o.
The government 70 consider u the earliest possible mo-
meni
EAJIss BRorHkxs AND co.'s cRcuLAs.
40NIoy, oct. -4-5 Y. N.
steady this week. sugar firm and dearer BreadstuGs
quiet. The demand for money continues without
ar n"usy sas for Inc account usIe"n "a dollars
g. Id bar silver, S. "a American eagles, zos. AKA.
AMERICAN sroas The sales Of state stocks have beeu
10 extent including fi6oo0 Massachusetts, sterling
SIS Atss $40 600 aria 90, bonds, at ~ United
States s's, bonds Of isss alo.Aa io5A; Boston oi,y
lar bonds have been sold 81 Pennsylvania So onrta.
Gates, offered NJ "a Maryland sterling SIS Al o. In
offered at 20 or Michigan Central sterling Sc al Io2
Penney wanna Central 8s IS So Illinois Central as Is
$50 Ereeands, % asa Csnsds Vs, il21s Nova 5cotis
6's, log.
sceAl continues In good request. The principal do
maDd being FOR grocery qualities, which 3D. to L.
vity II the Improvement. sales o. West India $40
hhds, and 90 900 bags Maprtp and Feet India al auc-
Rco sold Al as eos Oh. 100 bnds. Cuba Muscoyado
partly sold n ios. cd ass cd for low 10 oolory sou
grey 2lo boxes csysd CHA sod At as %. q asa Sd.
were bought in Al high prcos only few Floretes being
placed bs SEA a. and some wsshed a, iss las 3D.
sold At as ass for No. 1oali 1850 bags brown Per-
as AS 3D.. 200 tons brown Bshs at sds., 800
bses clay cd Manila ies and 100 tons uncaysd Manila
al 10 Two floating carsoes have been cold both for T.
X 90 tons ciayed Mania 81 els. Cd, and 1i5 cases,
100 tags brown hnom also At 3ls. Cd. lard rm at ,os
BnowS, SIMPLIFY AND co.'s CIRCULAR
IIysspoot, oct "a 1859.
throughout large section Of Geor, "a and Carolina have
created much excitement 10 cotton The ssles for the
s ss .psfs.or. ann
a an advance 81 I'D ger d. Ia the Garrett qualities Of
American To-day Nc business is called u 900 bales,
With 1000 to spectators, he market closing steadily,
bSl win decidedly ale,noss At the following QUO
taiiors-
orleans. NEUTRALITY-SUSPICIOUS.. ~ s15ls
Mobile. ................,.".... ~ 81
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