The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-27


Two particular features In Il increase this tendency
the 6rst the practice Of 'csptAlixng large portion
Us p. ns.; the ne" t me extensive undenakiog o.
due OF capital never reaches the shareholders
except dividend upon dividend; aud by the second
ion OF specie is rendered necessary.
is money returns as money. II goes sill
yer csp,ai hack paper interest II s part
OF COCO investment that you should be able TO recsn
Your capita, ~hep you want t. But this is Just what
you do 700 export your specie 10 pay works
on Austrian a. s,Ani b always The shares may be
uass'eifea owner another and the iudvtdu.
he osess bui the country docs not get the mo1ey
c~4 TIM Il ths rub II country staad a Grain
of IS coo go 81 T. CIR ,nlsng medium without difficulty,
,hat aputher thing but few countr can and be,
heveuan~ soon be- recognized thu, the Of the
op Is'eps ~ tue edit Mobiier must be regulated
d UNI better lropo J. tuan II nov does the two
gTta. items 81 credit and capital
From the London News Oc,. H.
The hrspla canvulsion IL France Is daily oeco ming
moe e,i1us sno has BOW arrived q, pi'cn al winch
tut re. uhi 90 or no avail. From month
uorl rc9rs,.c warpcgs have oeea given Of the prec
pee TOW sFus ~hica The fatal system Of biin iy
Hs'us SPECULATION ~as hurryDg the country; yet the
trtpt govern neni has uniformly refused TO belle We
he r.sy al NE rangeTs polluted out Instead Of recog
sps us the current spscuiaons OF The nation, and
stt.ia4 10 or'gp engagements, were qui out OF pro
prtoh % ts m,sns-s slaughtered as tocse means are
oaAg the .ca,cty the ha vests and through the
epstou Of IN the receI exhnustng Wharf.-The
er,a os 81 Or 60, CON fr fesn CONCESSIONS We
atoD fon the beie thai the monetory
marks - Eps sh piee~ have at ea-t been attended
sisa tht efct suit am;ER sog so far fe
culn,r, cprcalDed, the losses inflicted by
the sxttus Bot the ossuroaEce INDIRECTLY
sicp~o our ma kei by ,hf bursting VI the storm 10
pafis Is grave swuR to the iptma OF the CON
s relshops snhsstpg bet s-en the two countries that
me progr'ss Of affairs in France Is watched with the
cio-cet eucrtun
usosn bs,ciy coucotve 9 more unfavorable document
~ h .oo tap the moutby balance snee, Just issed hy
Erei oh Bank fiusnc.ers of the ehool which
har OF late obtained much favor the
''her ,iSe ri the Channel, have not hitherto
peDtprsd hey oDd the assertion that the bank
ought held bunioI to the extern, OF ono tn I'd
O. the ro'fH circulation. THIS propo,uon may, per
hats, tuf'e u ordinary umes; out no doubt Whatever
IAN s1t IA 20 he necessity OF the bank restri ting is
OF is.nts IN proper ION the metallic declines
teow 'hi. POINT OF safety How unavorabie, thcu, are
he nietrcs to ht cduced of TINS period OF pauc from
toe return ast pubi he'd, shtch exhibits the alarming
oetci,Icy Of fs7130e1 Ia the coin and bullion. accom-
oan.d y positive increase o. 4zY 500 In tie notes
al at TIE a STOCK o. the precious metals /. nov re-
1uce6 ~ 6 65s ZOO, against ss3 500 Of n,es IN cir
rus1op Inc proportion OF gold 70 notes is thus 10 round
numbers TOD Looking ut the accounts OF the head
'fc. Ii Part Ire result is stl more striking the bullion
beng g. osz to9 against o.e 600 OF notes
state Of things IL lace of desperate efforts to Ill
The vslc o. exceptional END nctaousy supported with
orswals 81 gold from England. the United states and
o;bsr ters the resI OF tfese attempts is seen 10
toe heavy abrraetoD Of gold from he Bank Of Engand
s'ooospic.oass shown oy The se"y returns which we
All the fresh euppes that reach or shores The
the fr'Ich bark + md ated 81 tls having thrown away.
during the rast month ,oy In the shape OF premium
purchases o go.t and silver. making . total Of
$4,000 .zp' ooec during the last three rnoahs in sd
Cluo- t. the loss of ~ IL 200 incurred for TOE
.Dee during 10. FIRST hal. OF the present year
An egsnii.atou OF the other it, Of the account ex
hibs equally unisvorabe features. So intense was the
fer money hat the discounts bave Increased by
less tina, l697 soc In OF this rust for accom-
mooato,, copp,eo WITH the wholesale etux Of gold
usS vel he ASKED wig was the bank tsrdy in adopt
int the ous receive measure G. the rates
II oecruif and how nec Il that the advances made
otor Bourse securities stand stu at 80 h!sn a dearet
me n tho leans u9on French govern.
srd fa.!wsy stGufios = - more than .teI 49c
It's a course, through tic e-tCave nature & tic al
ntrs,al bod Bou-se Sc 81 rs tat he lCf.loEs
y-nhpsion vt toe C.lc. ate Compared With the
siacS Of bui1nn. i ANITA ~. ne adn that the
reluounce the baaE 10 cur;ag II: aeconmo iatlon
g egimsic tusLCgs may be ler emily viewed. Tie d.
ectors ale Dor aware hcc painl t. tic CONNER
rlel public low cstGstefsi 10 tue Emperor, would
he further uporttvt ss the rates q dscoGat But
riga sine esalces made .or BeNfse purposes, 70
reetors, upe<s he. oesiro OF pr cIptating
neral e-1 o al once taroS tine Bourse Overheard Tue
Q. the cop;ry has too ors been allotted
teahay pace II the consideration Of the rulers O. the
"a ch uon1y uSset biz TIE time has now arrived
D. asssiapo' can nc longer be exsaded By the iauk
ouhct &C ally wi'h speel,Aion Tho choice must a.
oncr be made, and the Kourse mus. 70 20 the wall.
.tets IN lbs noedfai direction arc st-eafy tad.
e4ec in toe recent decision OF tie bsni
sho-.les 20 sevance only 40 per Of their va!cc
u}cr thu aet arc 20 rer cent UPON rail say securities
ut ,ae c,ss demands mnch more stringent esures
sLono ihr cepstquent fs n Bccrge Tsues be ssvere
40 n tt.etnnl oar ie aced upon .rcsb speculation,
'r'h fsurs woud te rciasr beataesl is1 otherwise,
ter imu,Ptse masses a stock would be forced rom the
tapos OF tie weak scula;ors who hoc them. aud
'aouniy pacen n lrmer channels Ice only hope Of .
rgas = % ia sos<er elements .or g rere any fear
ia tie money "a public oolh OF fTaIcc aud q tGrope,
.cga be sow Y srp-s 'efwafd 70 the saeoos Of toe
rba rassec market. we're conlie-,e slisreined that
To tnsncai an,boslss vi are % The cro;chcts 81
Which ,hsy taye 60 long been gg,dsd
80 e ass + ~ T. sS Sse q, ' Z: a so
n nntoa,e. acisd upon, &C loc wIr extreme acre
,epsion 10 me resui 81 a,trm sng 70 DO 100 much,
toe bals lp9 lie government Viii rass egefybiu FRO
atg TIE cT :, snn pcTnafs -rcdr1 irrcto iabi- com
ttaroas Aioliher rise :, tie Baas's rae q aicrcst
sslFes5y iron The cards 30 ogu f1rctel the
qae.c's the trade Of tits cogztry Is 10 DC starved
through the diversion Ct iAe yang available to
,,seo = beyooa doubt Is the Irsnce Erster ssre
shta - r.anrnaluy pagaes tue !arge surplus Of IN
at@h Over e1pore q zee Itet'ors metals, tia,
&C "a ne,e strrngihta,ng tao sT-rGc'ug belle. trat
noardig, The gc-u a. asirus', 10 1c.e rg alarm
~ ext - throughout the country TIE OF tae
Ba,x u Irntce and the invcaig arops OF n,ogor, m
qucrs ito tie aias OF a'srs IA the p-ovscss soprIv
eorruboTse this vew. sbo ID tbs absorrt ca OF lne
rncaus rnoiss Ieceive ~ ado cnai siimaus through
sny nut landbl Of the fetns Ct fusnca at tic
preacrt uost cf'Lca 4uDeturc tho ssf 81 Bauk, dc
spite tinott e,ceavor vii be DR. sc TO the earnest
B.ies 'nr, as &c co, tss, tbs sbr wo1i ,nvol da
mag ps bow to Tie to- GO erect 81 raree ard ever,
rb dynasty watch with .ritrso interest Ito moyo.
meats Of The Trench ioone: arftt
e, any one look over he s,a,r,o, Z; he G. an yobs
htf, an ins'.tuion founded tie earliest }erc CT tie
ptsent reign am iren ssy Los far TIC eoyerrrcr
~ claim 70 tbs prudence AID foresight those statutes
os'eily revised ard authorized bT tho nlrs,ers;
Count d. Norpy Of oIo1crs o. tic compauy
oilers o. item ~crc lauaies Ct ito prrcc rc,leert
they framed az 70 afnt ard encourage specus
tive enterprise On TIC largts; scale and ts Tocnders
openly svovcd Their lniea.o1 I'D expectation q
Throwing la,o Tho shade Ire great raacia opcrGtors
sh!ch other r. ehfg capitalists tao undertaken Hitherto
e.ther n Their lndiTidual Ct .oBt capacity. II was
oJnyeIiSri 81 that tTe ttai Impulse should be
tl,eD 70 the movements q lie Luurre add ttA
the quotatnrs o. public sccrrrcs thou be looked
Ufca evidence that con icbcc r. " restored
Saa taa TIC public tee TIC exsor state o. thnss
a. aia. scheme alter schtmc wrs a. nchco, aod we
ready " ADMIT that general they were not
only II rptLc utlty, be; q rrunting character a.
conno1ca paoerak 1pgs. Tho Ban IL rance vas en-
ragged - make vtry a-gC ndvGa cs rBW0y seoul
tee rente pris rose. sAa 81. with moro
prem attached "a them, were Issued the rMna had
st.ztd uIcD the pnbs, bet unt the pTcteal ycar vc
cannot inter that he paernA Of tie govern
mcbt istued . word Ct ca tor cert ~ stop ynr
the ssus Ct the Crcia Eo6Ier lends lat ycar but on
to contrary Every aDHot enont and FeIo rcprcscotc
the aha 70 OF tho cCrry as ar a si- TrWperous and
painted al tsngs coittelT d rss. auy ono turn to
aio Of The Go7i during the simmer o. 1875:
Be VII I cd 10 trace or suy anticipation OF ca
state O. itagp a. wyald account or rrpplcmontary