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

bis ally lbe Emperor Is not prepared adopt any
sure which by possibility distnrb the repose OF Eo
re IL pas IL te pas, he WAS dis.
tncoy heard say xhsI taking tae subject 70 Mar
hai sersIo, the Spanish ?enpoten,iary By the way,
the attention which ts funcocary is receiving cannot
be otherwise than highly gratifying to Marshal ODonne
o. hondas al tue C.~mpe Eysees thrown into .
sioe OF excitement BY cavaca6e OF extraordinary
nopy. stato carriage, with elk horses, behind whic
eroSced three Iootreu III cooked hats gold lace and
The stale iser,es Of the empire, followed by
other carriage Of even greater magnucence and drawn
by eight horses accompanied by mounted grooms, &C.,
arch % Tr,unpfs under which 1t passed. proceeded
down the avenue &c fimperatce en- route to st. Cloud,
ard not til this superb cortege on It's return
soms two hours aer that The upinated learned that
the individual thus honored the Spanish Pienpoien
hay AMBASSADOR Extraor binary from tho Court Of lisa
TIE Epe,cr ia 70 hold another review or Friday
Indeed Maesty interts hold series Of reviews,
rnii the whoc Of Tho garrison Of Paris has passed under
bs eye
Our Berlin Correspondence.
BkKIIN, Oct 7, 1855.
ntery Crisis ir B,r-rhe Raz Of Discount Bassed to
Sir Per Cent by the Bank Of PrassiaPosiiioa Of the
Berlin Catinet the N,apolitan Question-PrSssa and
he Zo.luresnN aptals Of he Princes Louise-Arricol
of senool 7ootben--Proced 6.errieu beaoeen the Rus
sian and Au,r,an unprecedented Manifested in the
Rauacf the Presidential Election in the Un,ted Sates-
Fycronn TIE Fla .orste, de- dc.
For the last week two public attention has bsen
engrossed by the monetary crisis, which had been oom-
ing In the distance" tor time, and then came At last
when least expected Various reasons assign
ed for ts sudden advent attribute TO the Bank Of
Prussia having of discount six per cent
others TO the quantity Of slver that has been drifting
of se TO England and Russia others again 70 the
spprehensaons eneapglements between the Great
Powers, consequence of the Nespoian demonstration.
There doubt but that each OF these causes has had
It's share IN acceerang the crash, but they only 70
be considered accessons 1t beng evident TO every I'm
partial person that the root Of the evil lies much deeper
and may DO expressed In single word-overspecuAsion.
eDtonea In of my former communications that Ger
many bad been seized with bank mania and thai nstu
lions ate tie pattern Of the Credit Mober were sprnging
up all the country. Every little hole thought itself
entitled to Credit Noblier OF Its own, and the public
eager participate in The sncied advantages Of
there eatAb ailments that the capital required sub
scrbed times and hundred times over almost before
The pros,ec,usss ,ssued. The promises they al
held out moes edying they to give trade and
commerce new and wonderful impetus promote manu-
iactures and agriculture, extend their assistance with
equal handed literally 70 the farmer the citizen and the
merchant, and in short TO naugurale kind Of industrial
m,enitm But as Is the bank was chartered the
magnificent programme forgotten. and the drcctor
devoted their undivided energies to socobbing spscua-
tons. The SUBSCRIBER the other hand Of whom only
per cent exacted nrst nsaIment had most
good premium before tho second and third install
menE fell due and II they did mot succeed In this they
Obliged 70 sell 81 any price whom further payments
were required. II was . summons issued BY several
Of the institutions for paying up such nstamsns that
ns occ&soned that ughn In the money market wheh
fcstered and aggravated by the crcumsAnces alluded
to above resulted In the catastrophe from which COR
Bourse only Just recovering The panic was universal
beyond what the Oldest hsJsuss q The ock Exchange
recollec in the revolutionary Of ls4s there
securities that fell much twenty psr cent
in day, and would have dropped SUI lower they
could have found purchasers at any pSs rhe number
Of "Ame ducks' wAs remesdous, ana ths saosed pre-
cincss Of The Bourse Witnesses q furious pugilhtc
encounters between chapfaien bulls and trnmphaut
bears By degresa The agitation subsidized aud confidence
SussusnS CONDITION ana vii be long indeed Sssors
returns 70 healthy state Too many causes, political
soc a. and financial conspire 70 keep the COMMERCIAL
world In state OF apprehension, Of which u
itself in the midst Of apparent property and which
adcs icnfod gloom TO rs moments Of adversely by
From end OF Europe TO the other tho people are
sround down with taxes 70 enable their ruors 10
The interest on fresh loans whose chief object b 70 M The
Golfers Of the m0neyed srptocrAcy tue credit insti
iuuons, instead Of promoting The interests Of the indus.
trial clstser, only nd TO duse the spirit Of stockjoobpg
to discourage honest labor. In spite Of plentiful
harve the prices Of provisions and al The necessares
q life ART kept up an exorbsnt height by league Of
hearess rptcHAics, srd subdaed but incnss spirit Of
dFsatf action 10 spreading throughout tho community
every ene seems TO feel that the cain nov rcirsinS in
Europe equally dtrsve in " appearance and precari.
Gus IN iis duration, ard that the slightest spAsk falling
The whole blaze This why The Neapoltsn AMIR
sbch al ofer periods woui have scarsly excited any
attention, NJ have blown without The least serious
difficulty has assumed such threatening proportons ana
keeps the political ard financial world on the uptoe OF
The Prn,saD government docs rot appear M.
olired TO interfere In this business, although
there 10 no doubt that II fully ocDcades With tie
Goschafor Despatch and nore coverty by NE diploma
TIC organs 81 Austria. Al the present moment no sever
@ amsrass TO Iu. Napoleon sa. sncss toos on .se
csIcusies upon In her awkward dvsE WIN the Swfss
me- hs rSn sr.s 0 81 n me s.
Ceupt Hatfield, the Prrssan envoy IN PArs had pre.
.tnied 70 NJ &c wsews sriar 70 NE c,rcalsr Of
foundation The fact tha. fren has aos too much IA
do n home 70 trouble herself particularly about mAers
the hsca administration OF the country daily becoming
imperative 70 meet the ncrcss cd demands a. ma
various eepsr'men Of State, and more especially Of shs
army, Which In spite Of the vast sums expended on H. "a
said 70 be 10 very ursssfsory copdion ~ resards
numerical strength and military sfaciency. Al the sane
time reforms In the custms department under cons-
derahcn, which " carried out 10 Their full extent NAV
hsve The enec, Of breaking up the zoyvreu casssre-
pho apparently by no mcars improbable the members
q this greet commercial Union known TO have been
Al outs Tor come Year, past, and II the late
conferences Al Hsenech the views o. their Representa-
n conclusion single question. Your readers
may not be generally aware that alteration IN the
taf zoverein take place unless agreed 10 una
nnousiy, that tlseenteut vote from the smallest
stfces N render nugnory proposal vocased bv
ali the three others Thus, Prussia anxious for : re-
ducton AZ the duty hon which is ncccssarv ,ov shs
development N her manufacturing system but Il stresu-
opsly opposed by the Sistos of Southern Germany Who
slhuueh The produce OF their Iron works "a hardly
~trih srshins OF, are clamorous for protection. and
eaousy svere to composition. The duly on beet root
sugar Is another stumbling block, and st more thai on
tobacco, which the South vould 20 have raised m
order 70 approximate Y 70 the tariff OF tho Aus.
TRAN fetN, pm which peremptorily rejected
by Pyussis " shese differences should evensralv Ia
70 tRtouuon o. the Iovereio this couusry would form
new league with the North German states basal no
more hheta commercial principles than the preaen, cs
tcceraon, while the South would probably ioin Austria
unnecessary 70 add that this would amour, h com.
pete revolution IN the commercial system Of Germany
The nuptas of Princess Louisa ard tho arana ~. NJ
Baden came 90 towards the end OF month and rave
rise 70 good deal OF esstns and unettng The court
circles Afev DAYS AMER the ceremony the King aud
Vuecn started for Hohenzoer the castle ~ his