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

duness In markets, and deshns In
MARI 4 easier than :. the Of the weak
ard best bills iiuie under bank rates The
terms Of discount but have siuos partially rallied. A
lair business has been zone In American securities,
though in sowe instances nj decline
[From the London Times, Oct. o.
The report OF the French Minister of Finance is
elaborate argument prove that state OF thngs which
exists Ought Dot 10 exit 1t supposee either exuaord
parry Information ana dscernmeD ia the Minister
uaorir AIRY ignorance AZ toby in the French public Ia
this country we receive with suspicion calculations at
variance with factor after all the most import fact
this question the fact Of great OF money aud
red We don think everybody much the ong
and alone mucn in the right hsgne argues
from antececeit mstauces that French commevce
ought 10 be IN the soIDdest possible condition that the
balance Of usde oueh 70 be in favor OF France that there
ought 10 be 500 COO O. of Roid and silver IN the
country than there -. six years sgo-anc good daA
TO this eject but spi OF all THESE favorable
diboDs there coDm rcial crisis and most pa
mic Wren ran spi'. Of good air careful ciet, pro
per exerc Sc healthy employ Dent and every.hing ic
his favor Is nev.rnets at DEATH roor, bis case must
be desperate and by rommon instinct MS trends
their wits 10 Sorx a. had out wbetaer be has not regec
ed bis health Ia some enc particular or Other they
discover that he has ey INN ediatey coucsiy hope OF
bis cure, il not they wholly iespair Az all events .hey
don the snf.rer's BEDSIDE HIM
he oug 1t 10 be pee, we'll snd nas 10 reason
for his agony There are Indeed oI e no vii. coat 1T
dying nan With reasons why he may e&ooct "
are wen in the next world Thai may per
cual aosurcus mas much ss all the eeueuts OF toe
Question speculative ard tser- Is fact tor the con
Closlpp 10 run w. ntai but " 70 tcH .
man he ough, sh'e walk and talk, and eat and
drink ana 81 ep when be cannot for tue test Is rresen
and concu'ivs-he tries ana eanno, u n A.sne ne !
merely aFgue0 mai Fen h merce would eveDtslls
wtsut The application OF cxtraordnary aud Ia
jurious his night be enough tor that
purpose We ~ VI knnw bow mat ers wili stand
year faf hence: ou tue Minister argues thss
there Dug de uand tor money 10 com
mercla cifhculty no spprs~ch panic fact being
that there is. Tine fast Cannot De disputed; and a.
Magne has pu, himself in oppo-iton TO the iact nc rsi
be wrong
In this BAR not o. finance bet o reasoning
81 Masne has course Al last 10 really dram ATTIC .rect
A cause is assigned, which iusacquatc as 4 NAV b. 10
amount makes up TO- that Eact oy rs novel starting
criminal ,ks 81 yer, esp eta y. has become
object Of traffic to an Event 70 ssrm public ,rioa
conrists 10 ucup from certain 60 their sur cs
value Th1 sorting, which tends to upset the genera
equihbruu Of our monetary system. was formerly COL.
srered q deb spt. AMI Liable TO very
punishment" Grant tri TO be true Suppose the larger
coins 10 bave been picsed gu and melted down, or
sn ratea or clipped lie, tneun bave gone trrcugh ali
the uaps nigraticns winch silver capable Still IL
in silver ard shcre is III MIA ounce ha- been ,ost
Maene Dies net siuua'e thai has been az ported
be say that there Is aty decrease Of metallic
circulation Whai this frame come to- IL has
produced alarm - Ta2f is all toe matter, Aagne
woulc have Us believe rh Is an idle panic II II o.
So the French has not gone the way 70 1ay
The visionary II oa- forbidden money changers
to advertise p enum 40 silver IL has forsiddcn al
public dscus'on ih' nnanrnl erSs. PANS - Assay
mute uariculale II refuses 70 hear reason aLd nss
more to otter there only one wa7 70 cure II. snc
tina ia to obair eur fix its attention. to reason
with IL aua inouee to its own rsa
sonipg iacrlte Tho French government his adopted
the precisely contrary course II ha' issued AL oxpAna
ton Of paric winch siirms 10 be grourdlsss, but
nevertheess imposss check on he ordinary trade o
the noney cbsDge- and silence on the rub!c q. large
This little wat are accustomed 10 in th.s coun
try that hardly understand H. though We can Ir
dsrstnnd well enough why NJ Asgne shocd wish &c DC
secure fro and rcDy We have already, log
ago repeatedly stated elsewhere what the BAN ~
France ought t. have done what real measures ought
10 have taken 10 couneract real Crisis Bat, Ike u
hague, has ruled hnh no that the crss was nae1a.y
AMI hence the Imaginary ClAFRclts
[Frop the Paris Cor titutonnel, Oct
The fall 10 the pubic upds Tie y.a!ser Of licance
exclsus with justlce proceed. neither rom want Of
confidence from the oimnuton Of capital n france,
from sbsepce soholy IN tao securities bot ron
the multiplicity of When governmont, of.tr
havrg contracted he required Tor tie eypcadn r.
OF the CfmeGb decisiec that II serld not ger
mt any fresn er,e' prise TO be quoted on iae BpGrse
o1ertaa saiutsry Ssrnng THIS vas al INVITATION 10
prudence ca moderaon but uu'ofiunsteiy The invila
ion not aecetter, or retbnps II was net under
stood. speculauun mae p.oress lev process we're
formed, and, what II Sors- France become the Gee
ire rf seti, &C c'ercr nfen SCI mes, which
we're established wthos capital The Init o! tie
cgp<sanle resources ~ country WAS thus passC
ard when to- securities we're thrown on the
rnartet an uravoidab dep ecstion Of their topk
With rep Ct "a 'he monetary ombarT assmentine
ctoceed likewise non br exasgerarons Of speculation
Wlibort q coubt the Expectation OF p'oc.cns meiass
which fas taken place Ia pew Tor the cora and
silk pusct anros has partially caused these euoar
But rs'ity 81 Dgloo has boon produced
chiefly by the hacepce Of ins mass Of e proccts aud
enter ycs tbcse have dts rvsod hrcr over al intny
pascs the spcy hs. not csarpearcd, or he's
be, spre "a th. workshops where p,the
Work. are carried on
,sron th- London rot. sept. IL
The ureasiaes: Which Underlaoy exist u ne Tfsr,a
Itrescrta,cn by ons cass of re sons french credit
otc hTed To De- upon the very verge o. ruiz
ana rrG .ss s0sP pSss,v ,yeo ene .ron
danger. but actually arguopung IN strength auc
security. Political inie-sst has mush 70 do 1th
both these statements Ttsrc Advocates CT ether
o. basties who wib ,uppor ytias tia, will overitro~
ueprcseDt There are TemDapts 81 the republic ever
III xlors with both hands 70 inlare the tie
re. The opc are r,aoy at m The o-s;eoce o! evils
icy csDnot prove and be other 20 osay advantage.
Which they cUroi bst The least change In the
current the ala hict disturbance q the .ov o.
puelir Affairs II ih.r trpo-iuy Wnen rance vcz. 20
the ocanists thought their day o. roo. Tpton
risc TO Inc occasion unaer an7 dynasty but Their oS-
they looked conhdcny for a crisis that never
come--for disasters tbas never happened, and po
itcil disturbance that never took place. Events
df lot fsyor thtm ard they are Gov qriot
again. The did not sc-re their tcrn-lt served
the turn Of Frapce-hich next 70 ths; Of the pubic
csuse OF Europe. u legitimate resut Ger owh
shaie IN u served our Turn and We o.ce . iah arg
m nied slory which y has orought . CT naiior
end u bas Injured nome bit the aggressive POI
against which u was wagcd, sud has contruod, "a
Iher than endangered The stability o. tho french o
Pre-.
temporary tightening Of the Pns moaey
nafSel has opeooo sat q ees VEG .or ,aese y q
10 French croor. Bu, though world bc absurd &C
deny that the tightDcss " severe While i Aasts, 1
would DO equally to conclude that = argues cr
Augprs spy important disturbance Of tc public
On, noes Tho public securities have certainly fallen
orer point than thcy any Of the great revolt
tons 4 those revolutions had boen ought about by
the iall Of public securities there would lie good Frorud
for xieiy lest like case should again proc ice ii
result, But those dsastcra every reader o. hstory
knoss bad their orgus IN proyocaions fundamentally
dicrcft aud The aud rot the consequences
The decline In the fun1s. Those who do not SD vel
France under the empire. may iax their ingenuity to
mako out uniavorabo but any impartial ooser
on, OF ordinary powers Of comp ehcnson, viii e1snnc
The depths Of the subject BIO viii see that the present
state o. Tho Bourso has element Of either ptrma
nent embarrvs IN. nj or 10 itcal anxiety.
IL stnply . question Of time. The and the
extent Of the nisct cf deStc and ea ~ traceable
In nry situated rance has been for tic last We
years IN Impossible that periodical ranics should not
occur 1bey happen under old fashioned rys
ION. and In spite Of n roi says AND The unmpeach
ablc stability of constitution Much more they
30 Looked Tor country whose uncxauped property
catc, bui IRON three years osek which las just
through war Of inmeBse coat, and has embarked u
enormous pnbic works bot only ~ is o~n bit IL otber
countries II tho present pressure be more itt 10
France than the IKE Of would he n l1gland, 4
s entirely owing 20 tie difference Ia he bssis q