New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-12-06

straight in but finally the whole subject was post
poned to Tuesday next. The members then drew
for seats, and the House adjourned to Monday.
The indications brought from Europe by the two
steamers which have arrived this week, certainly
seem to postpone to future day the final collapse
Of speculation and stool, jobbing, which men on
both sides Of The sea instnctivey anticipate as with
fearful looking forward to some inevitable doom.
That collapse s none the less sure from this post
pOnement; indeed, the chronic character assumed
by the existing financial crisis only forebOdes for it
q more violent and destructive end. The longer
the crisis lasts the worse the ultimate reckoning.
Europe 10 now like a man on the verge of bank
ruptcy forced to continue at once all the enter
prises which have ruined him, and all the desperate
expedients by which he hopes to put of and to
prevent the last dread crash, New calls are made
for payments on the stock of companies most OF
which exist only en- paper; great sums of ready
money are invested in speculatiOns from which
they can never be withdrawn; while the high rate
Of interest-now seven per cent at the counter Of
the Bank Of England-stands like stern monitor
Of the judgment to come.
With the utmost gu ,cess Of the financial devices
now to be attempted, it is impossible that tie count
ssstock obbDg speculatiOHs of the continent should
be carried much further In Rhenish Prussia alone
there are seventy-twO new companies for the work.
ing Of mines, with subscription capital Of 79, 49,
1888 thslers. At this very moment the Austrian
Credit MObilier, or rather the French Credit
MOber in Austria, meets with the greatest diff
cultes in obtaining the payment of its second call
paralyzed as it is by the measures taken by the
Austrian Government for the resumption of cash
pay ments. The purchase. money to be paid into
the Imperial treasury for railroads and mines has,
according to contract to be handed over in specie,
causing drain on the resources Of the Credit Mo-
bilier of above 81 zoo, 600 every month till Feb
ruaIy 1858. On the other hand, the monetary
pressure is severely felt by railroad contractors
in France, that the Grand Central has been CON-
PEELED to dismiss five hundred employees and ff-
teen thousand workmen on the Milhouse section,
and the Lyons and Geneva Company has been
obliged to curtail or suspend ts operations. For
divulgiDg these facts, the Ixdtpendance Beige has
been twice seized in France. With this irritabiity
Of the French Government at any disclosure of the
real situation of French commerce and industry, it
is curious TO note the following passage, escaped
from the lips of NJ. Petit the substitute of the
Procureur General, upon the recent reopening of
the courts at Paris.
Consult statistics and you will find some IN
terestIg formation upon the present tendencies
1851 there were 1906; in 1852, 2y47si in
1853, 2,67I; and in 1854, 1861. The same
increase to be noted for fraudulent as for simple bank
ruptcs. The Increase of the former has been, since
1851 at the rate Of 66 per cent and that of the latter
100 per eeLt As to the frauds committed upon the ma
tnre the quality and the quantity OF things sold and
the employment of fake measures and weights there
have augmented in frightfa pr9Po5tion, 10 iSSa
III such were furnlshed Ia ioo2 o'i III i0S
1914; and in 1854, .s3l."
1t is true that in the face Of these phenomena on
the continent, We are assured BY the British press
that the worst Of the crisis is over, but We seek in
vain for conclusive evidence of such fact We
do not find it in the raising Of discount to sever Per
cent BY the Bank of England; pSar the last report
of the Bank Of France which not only exhibits in
teF6ai proofs Of having been cooked, but even form
ally shows that in spite of the severest restric'
ton upon loans, advances, discounts, AMI ennis
sion of notes, the Bank has been unable to
check the eflux Of bullion or to dispense with the
premium on gold. But however that may be, it is
certain that the French Government is far from
partaking in the comfortable views which it takes
care to spread both at home and abroad. AT Paris
il is known that the Emperor has not recoied from
the most stupendous monetary sacrifices to keep,
during the last six weeks, the Rente above 66, it
being not mere conviction but settled supersti-
ton with him, that the fall below &c will rog the
death knell of the empire. 1t is evident that the
French differs in this respect from the Roman En-
pre-since the one feared death from the advance
of the barbarians while the other fears it from the
retreat of the stockholders.
OF one thing too, we in America may be per-
fecty assured; and that is, that when the downfall
of this vast structure of swinding comes We shall
90 with it. We boast of our prosperity, but it is
hollow We are mere colonsts and dependents of
Europe. Let Napoleon tumble, and the event will
be deeply felt not only in the Golfers of the Wall
street gambler but still more in the workshop and
the home of the American laboring man.
The postma ster- General surpests certain obvious