The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-25
that she win be aoat in the course Of thirteen or tour
teen months.

caused com pIee stoppsge Of uanssctioos which has
produced however, only very slight reaction owing
the smallness Ct the stocks In hand ,sButn is ve-
Marked shouid the stagnaton continue until November
when the new SILK arrives more sbundany In the mar
ket severe fall will very likely take place.
The English Board Of Trade bad received copy OF
despatch from her Msjesys Ambassador at Paris enco
sing French Imperial Decree converting the ad valore
duty hitherto levied upon tobacco Imported into Algeria
into the following duties chargeabe by weight-robac
in leaf or stalk lo per 100 kilos Tobacco manuf4c
tuTed 20f per 100 kios Except tobacco imported
France and bearing the government stamp and mark
The Hong Kong correspondent OF the London Tines,
writing on August 10, says-The United States seame
ssn Jacin'o has returned TO this port from whAmpoa
having completed her REPAIRS and we understand that
she will very shortly proceed to Japan.
DIR. Parker, the American commissioner, has made
strong representations to the vceroy regarding the late
sGray and the death Of Mr.. Cunningham and the mpe
rial authorizes appear anxious to deal mparaly in the
mater.
The London Times, OF the 9Th inst eays:-The Magda
lena oday from the West Indies has brought
o which ft4 600 is silver The shipments OF specie TO-
day by the Pennsuiar and Oriental Pers amounts
to f77s, 7e3 OF which f3 7l3 gold tor Alexandria Coy
on Madras and Singapore ano f776 06o silver for Bonn
bay Calcutta Penang Singapore Hong Kong Canton and
Shanghai.
The French Budget In 1857.
The Paris M,nttw Of October publishes the following
report to the Empe, or from Magne -
SIRE At the mement am preparing the draught Of
the budget 1885, 70 submit TO the Of the
your orders ummary Of the principal facts the cur
rent year. 70 serve as guide Tor our provision OF receipts
The circumstances have had to 60 through, Sre
have been very difficult; every evil seemed TO have
occurred al the same umevar, cholera, inundations,
prolonged desrth oil provisions. single Of these
calamities uced in former times 70 dry up tho
Of wealth and labor create disorders in the STATE
to comprom At the time public and private for
tune. In the accumulation Of calamtes that weighed
upon us might 1t least have been feared that confidence
would bave been shaken and that the sarpsnded action
e industry and Of commerce would have led marked
diminution In the revenue Of the Treasury.
Well sire, misfortunes too numerous have doubtless
very sincere friend Of truth aud Of bis country reel
happy in Acknowledge the fact perhaps unprecedented
by your Msesiy was security more Complete and order
mere perfect; never the national activity de-
veoped never was the increase OF the public
rapid.
Singular circumstance the embarrassmens OF tho
situation from prosperity itself, and in
sure from the excess Of confidence BY happy
sty the efforts Of the government directed mot 70
provoke but to the general eagerness and TO
keep speculation by reiterated warnings within the limits
ihe progress Of the current budgets, credit the bank
The treasury are the points where the symptoms most
chiefly converge and manifest themselves which st .
given characterize the economical position of the
country and provide the most Of ts
y
appreciation Of the of the resources the fu
ture. beg OF your Majesty 10 allow TO make them tho
The budget Of 1854 in the way Of settlement. Its
on pr s ss so
ducsd 10 10 COO, ,ootG IN tr~ oe6us.lvc accouut
The budget OF 1855 has just been ciosed Everything
induces The hope that deficit win not xoeed
10 90 0co.0o0
These reures will appear satisfactory SIRE comparei
wnh the average nsucency Of the Ave preceding years.
which not less than 80 900 C0of, and into
account the enormous ouays cawed by puolic calsmi
es exclusive OF the which fell upon the Ordinary
budgets Of 1874 and 1850 and which caufed very high
supplementary crses For 1854 l2S 900 ooof for 1855,
Ikis relatively favorably results 70 the extraordinary
the epormous nsure of 1000 0o0. without counting
33,oto.t0tf. arisins from new taxes
At no period, under tho bappest Influences, hes The
strength Of The nation manifested itself By such
bikrnR siue.
Ba. IN. movement, which attributed to the UnI
versal Exhibition, ceastd In lsb6S
II was thought So and said SO, but II s quito mis-
tale The proof, in fact, decisive. II the produce
Of 1858 was 10 be attributed 70 accidental cause
should have what always hsppcns after
prodgous eort-a sudden stop progress and the pro-
duce OF 1855 fall or, and below that Of 1854.
am happy 70 say, SIRE that the contrary has taken
Not only has the amount Of 1854 been reached and sx
ceeded not only hitherto ~ least has the extraordinary
level OF 1855 been attained out the hrs month OF she
rresent year compared with the corresponding months
o. last year, have given us considerable increase.
This increase nrst alone 63 0oo 900
than In 1854 and nearly ~, coo 900 above 1855.
Is tue that the comparison Tor the month Of August
s less favorable; but IN not OF consequence; Ia
planned by the anticipated pay ments made In August Of
last year with view 70 avoid The rapp,ioancw
soon be made good The nformaton received allows Us
to hope that In the month Of september The nca win
Finally the progress of the old saxss and the amount
Of tho forn in tho draught Of the budget for
tho nine rst months Of tho curren, year. an excess Of
Tho i'm portance Of this figure sbeyond question.
fbus, sire, without giving way 70 Illusions, we have
ircs many years budget for 1859 despite expense
q loans. viii have real balance d accounts. This most
desirable result obtained NJ more difficult period the
bert proof that the rising movement OF The public wealth
Ia far nom havu z islen on
Il a contrary proof 10 be found in the momen,Ary do
plecisuon 3t public securities'
N my opinrn this also would be an error
me subject very delicate and dincut OF appre
cianon In the alternatives Of and fall great deal
aud Unexplained. Bot q general and reAseurng fAct
stand iot,h, and cannot s prevail the depreciation
Of public securities does no, arise every sincere man
wil own, either from want Of confidence or from d
minuron Of capital In France from want Of solidy
IN The securities, but solely nom their great number No
man must be surprised al n; n n th. invarisble of
commerte every merchandise loses In value according
20 The amount On HAND, espsciay exceeds Tho wants
and avaisb resources OF the moment
Now sire The resources OF France great they
mmep,e: recent fsots have shown their ex,ont There
could only be any serious danger the conviction gained
ground thai hey uimed aDd that they suff-
riept 10 make IN one day In France, and even sorosd
hat which be len the psusn, wo,k of time But
.tthe rcommepdstions Of your Majesty listened
H. LEI time be for the surplus 70 or tho csss
hcaicn vii be rapid, and the level will soon 90 attained
repeat the foundation In solid, the present securi
rest generally sound and productive enterprises
and in reality credit has maintained t,s fu power En-
barr sssmtnu cannot repeat II too ot only
sre from excesses aeslnst which speculation, 20 De
hopcd viii spow how 70 guard itself
TO The cause must be attributed the counter blow
which last "a this compelled the Bank OF
France N adopt some restrictive measures
Those measures were wrongly understood BY portion
of the public because they not aways considered
the proper htht or with impsuality Thai great o.
Enlistment " connected with many and such dne
rent iptereste that Whatever does, cannot AVOID
woundipg some Of them; ana however prudent may be
the adcrs, thai course n 70 be blamed by
the interests that have suffered by H. what wss hs 20
stion The daily discount assumed exorbitani proyov
tons. The receipts diminished rapidly. Every ad-
mi,ted that immediate remedy required whsi
that remedy vss 10 be was the only point ot discussion
expedens Of the most serious character proposed
hat DID the bask dof What had always SUCCESSFULLY
done under nearly all preceding governments under smi
lar circumstances said 10 the public However hbe-
raj may be statutes there exists however, regards
the ssue Of my stock to limit which pvu sence
" not law bids adhere 70. To enable 10 oone 70
the support of bcs OF every