The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-25


Ia d 90 d-bu'siDg cbecss Il III "
Tie sr,vsl tf the steamship Baltic this port from
Europe pu's in possession OF Intel igence ron 81
porte Eu ope he days later than that receir red ye.
teid.y ~ the Africa Political the news is inpo taot
sbo s1teSteug Financially and commercially the sd-
vices . o at all favorable We have by this arrival
fur TIER reou,a IN quotations for consos, dull and
DEC ming cottsp market, activity in bresdstoHs
vi DOT chspgs in pr ces eat decrease in the supply
Of bu lion 10 Ba of Eogar from Banx
Of FraIcs bo~iog important decrease in is bn i'm
furd, easier money markets the Continent and the
psoLsbiy o. mother the Of interest BY
the Bank az Engatd TIE rate Of interest has, within
TIE Ia~t eve ouths been advanced from three and
lA per TO Fix per On the 9th Of September the
Bank II gland raised their Of discoua from 81
Ier cent le5 On the 7th the discount houses
Isi-d THEIR allowance for deposits 10 9% per cent. On
the I3b the Of the Bank OF Eogand again
Il cir rats o. ti.count from 70 AZ per On The
lab d,scount again raised thsir rae al
iovsDce far dspceils Z, 81 per cent On the 2O.h
hxt the directors Of the Bank OF France
tsd inoressd tbir Of sevance upon securities from
tour eve Ter cent On the eth the bank directors
again rsed the q Discount five per csnt )n the
4,h Of October the Bank Of Engian, at their weekly
board neerg sgsr put up the rate Of discount from
eve to FIVE ana tan per cent The direcsors Of the
Bank If France also raised their rate to Eve per
cent Or tn. 18th the directors Of the Bank of Eogsnd
sgaip rais@e their rate Of discount fom FIVE ard nAa
per ens 70 per cent bills of not than sixty
vs dye snd 10 seven per cent on bills having to
from SIXTY NINETY five days The dire tors Of the Bank
Of pu sued furhe, restrictive measures and
rhd ,ttir - 10 Fix per cert FMS rapid in the
rate o Interest eriouIy checked commercial operati,n
And svec the Try from all The no Of Hnsn
cisl n For time the panic was intense both
sober tn, ght conference and money
ind CATTLE psters have moveo along stesdiy bu.
i,usiy II looks though another psnic-outo o.
lee fire. ard efftc about .tizug upon puoLc
mind We really see no foundation for n sbsuro
exitmtrf particularly tbis sire If The Atlantic. We
Yesl CO where sDd those who bear in
uino RE oIe,s 81 'h- hst ca no view the move
during toe feebt OF the psroxysm can easl, turo
IL 10 ptof able account Unfortunately during the
pref Of iis ns ncai panic fw have eoough
TO the Opportunity TO advantage The ne rs from
Europ~ not Of vey us'avorse'e character, bat the
prVsc il rot at ali satisfactory The future Is not free
frou serious Bppreh.nsons tn hose interested In Euro
psp aare but iris side OF the Atlantic are not
ip,insuly cn< ntc'ea erougb to eel much alarm We
stand row m sc upon our own resources than
ever before within hist ny We bave the ability 70
meet ali our conn eria engagements at maturity
or before IL necessary ard as for American stocks
held shrt I'd to such AMOUNT there h very
little probability Of their beog returned to "A amount
b., ouS cur available means Rim aud Independent
~ we really are. the wisest policy for to pursue is
csu,icu Our present prosperity only be preserved
By strict adherence economy snd contraction While
The commercial ns.,ons Of Europe involved ia
nous for unusosi xhi the aews
Of trade are Withdrawn TO provide the snews Of var
wbie their finances oeraneed BY the drsn Of specie
tinaata pm and thsas
turs csus<s are work. 1t viii not for branch
oot into Wild specussps. and iuto ali sorts Of extrsvs
qsnos We must husband ce,, sell, IL ,ssible
than hoy, pay cebts, and keep out Of deb
resrict credit system beep bank loans reduced in
fact anything and everyth necessary 70 preserve
our finances In . SOUND heartily condiuon and we
can kok on c,mparstively indifferent 10 the result
Europ~en difBcuIies r. has ever been opinion
that the war would act & very imp mtant con
eeryatsve nfuepSe upon mercia transactions and
n puoh n hes been 70 If = blessing thsn
m wi. fhsse Is NO country on the face Of the
earth moe In ~ant Of contnus: cheeks than this. Oar
people sre 80 prone speculation that, vi nout
rts,scu rs We are ali tmei liable tn not the
euteosson Of end CANT enterprises. The Ed
ropean has done deal u good 20 far and
We the reaction 70 peace woulo bring about
Our comDercis and 6nan la, posi- ion is a this onent
more sperous and powerful than before Allied
Compared with that OF any oher ton, t is truly
able. At peace with all the ~or,o with resources
limited with system of in'ernsl improvements far in
sdvsDo~ OF the dest AND weslthiest nson of Europe
which s ppsdy openiog up and developing the renots'
sections u INN ertitoryi With productions,
nstar.I IA and climate That forrn the most in
po~'ant articles for consumption known to man;
With 8 population ndustrious and eDterprising;
vitn ered marine he sails OF which whit.n
every sss uncer the SUD, outnambsriug In ton
rsge that q Great Britain, sno ass but not
49,. with . 9overunen cslcuia,es TO extend
- .sssy5n this RloIiops combination of those ele-
sfsfsry TO Ds.iob's grovto AMI prosperity, we
ia.g y fAl FROM Euro Sssn poley whatever n