The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-26

the Treasury bills recently issued advances upon NOR
chandise are being done at 9k and even per cent.
The shares of the North German Bank have fallen
sderahy Of late, having shown very large amount OF
that have thereby been enabled to through their diff
cutes This bank has rendered valuable service the
merchants turing the crisis.
9th inst that the Committee OF Deputies Of the Ex
change, the Bank, and the Finance Department intend
presenting petition the Minister OF Finance for loan
10 the bark OF oOc rechsthalers. The public mind is
stin gloomy. but failures have been announced.
The failure Of the DaDtxc arm Of Joel Co. has caused
crisis in posnd especially at Warsaw and the stoppagc
of the extensive banking house OF Hermann Meyer Kunz
Co. with several others will probably be followed by
from the london News (Csty Artcle), Dec. l2I
Advices from Hamburg state that the sum granted by
the Danish To assist Mossrs Pontoppidan Co..
of that city is marks banco or about fll0 900
sterling mentioned that the National Bank OF Copen
hagen asking from the government assistance TO the
extent Of four Or I've millions o. FIX a4ars IN order %
grant liberal assistance 10 the Danish merchants
strong hope expressed that the will accede
70 Denmark the more especially they haze large al
their eosmand, arising from The payments on accouM Of ne
Sound dues
Ii,er1in (,ec 81 correspondence OF London Timesl
Senator Mohrng has arrived here from Hamburg, on
secopd visit which understood TO have for its object
Of 10 G0n 900 marks banco in silver The reports
from that place describe the panic there by
end; fresh failures mentioned rs having
ccurred and more are spoken Of as imminent and the
whole OF the loan Of Is 900 900 by the Hamburg
for the purpose of facilitating discounts Is
spoken of perfectly Inadequate to meet the enormous
demands OF the Hamburg Bourse.
(gsmhurg Dec 81 correspondence of London News.l
decided Improvement has taken place to day, and
COMIC beginning TO return One reason for this is
realization Of the hopes that il would be
possible to rehabiiae the great Danish house OF potop
pdan Co., of this city, without their being obliged to
suspend payment This has just been accomplished ana
caused the most lively satisfaction, il the HOUSE. mad
fallen inevitably have brought the ruin of Altoona
and Copenhagen In its train.
TParis dec ~ correspondence of London Postl
Notwithstanding the arrival of about 100 600 COO
(francs) in silver, at Hamburg during the past week
Notwithstanding the decisions OF the Senate yesterday
failures have succeeded another without ntermsson
The amount Of bills OF exchan protested since The com
meceent fthe CRISIS Is eimoted al one hundred and fy
hundred and fifty millions
Yesterday the panic was at its height Many hitherto
strong houses declared nsolvent though possessed
of considerable assets.
Paris (Dec ll-Teeraphic) to London Post
The National Bank of Vienna has come TO the aid of
Hamburg, by lending 10000 600 mares banco (about
20 eco 600 francs at six per cent repayablc in year
Geographic despatch dated Hamburg, Wednesday
The firm OF N. Pontoppdau the Danish Consul, has
ceved assistance from the Danish government, and is
enabled TO continue its operations.
RUSSIA INVADED BY THE MONEY PANIC-EFPEcr OF
THE AMERICAN CRISIS ON TRADE IN THE CITIES
berlin dee y Correspondence of the London Times
The disturbing influence Of the American panic has at
length ztendsd far Warsao, learn from the
latest adrfcs from that ptoce As appears from the &C
counts they contain the effect there partakcs OF what has
characterized both this place aud st. Petersburg While
there have been plentiful failures there Of manufacturers
and others carrying business with borrowed or insult
cien. capital there have been yet hardly any suspen
sics pay ncn by bankers merchants OF importance
have acknow lodged good Investments such govern
mcnt funds suffered depreciation OF more than two or
three cent has been the here on the other
hand there has been demand for SPECIE proba
bly, for expectation has been the st. Petersburg
For silver in exchange for Russian Polish bank notes
even Is per cent and, strangcst of all Prussan money
whether In cash or in good bills Berlin or Breslau has
commanded premium OF 49, 20 and on one day ~ per
cent This latter ve singular appardon Is probably con
pected with the Prussian prohibition of all foreign notes
circulating Prussia after the LIST OF January 1885,
that persons make purchases payments
Ill this country find themselves henceorth obliged 70 pro-
vide themselves with Pruss ian money; and rs Warsaw
derives very considerable supplies from this country
cuary in the winter aud the excellence OF the late har
vest here has much grain from being purchased
ia Poland, would be natural enough that the money
changers Warsaw should Just experience unusual
there for Prussian money The Polish Jews, who
in Warsaw than here else have OF the
lower strata Of the money world had also taken advan
ge OF this general demand for specie and had absorbed
into their hands almost the whole Of the silver small
money necessary TO the daily wants OF the circulation,
thus compelling the whole buying and selling community
TO pay them from TO per cent premium for small
change.
The fall of the house Of JOEL in Dantzic had pulled
down several dealers m grain in Wlozlawek and some
few houses in Warsaw, at the head Of which may be
mentioned the bankers Hermann Meyer, Konitz Co.
OF several other houses Is said that they have been
shaky and that others have sought and found assistance
There have been lots OF bills protested and there have
The Bank Of Poland had also taken step charac-
terized IN Warsaw letters as very wise and pru-
dent one, but the wisdom of which passes my finite
comprehension had taken steps to buy up its
notes abroad, and this said to have had the
effect Of reducing the premium gold and silver In tho
Polish capital also several the first bankers had
together and proposed TO borrow OF Bank 900
forms their JOINT security 10 be advanced to certain
bankers Of the second class who required little blister
ing up but this proposal has been rendered futile ty the
opposition Of two gentlemen at the head OF argecom
mercia house there.
caused by the American, English, and German pa,ics;
the prices ~ goods generally bought by English hotses
have experienced some depreciation and as regards m
ports there y no willingness to purchase AT present,
from the impression thai with great demand Tor
money london and Hamburg the prices Of Over
sea goods viii necessarily como down very son.
One If nc ,corx. Elects that this destruction Of csa.
merct1i crsdl IN diJer pats If the ,oorid ecd
% produce in ~ Petersburg ices, that ,oould fr9atr
priraic pcrsuas asuy from inpsag r capital IN
meycioi srierpriss and thus unn,ate The small comnsnr
mert TIA, Russia had ALREADY male in this directions during
The subscription that has been opened among the Eng.
lish residing here, in Berlin, yesterday closed md
the amount has produced, 52 thaers, RENTED 70 fug
land; Of this however less than $50 thaers lad
been cortrbnfed by Lord and Lady Bloomfield. There
are veryNw English now resident in Berlin, and to.e
few laboriDg for livelihood rather than blessed With
a superfuiy worlds goods they In the later
happy position they would longer stay here, where all
that they want as dear A. a, home, aud most Of What
they wish for u not 10 be had AZ the subscription has
pcen strictly confined 10 the English. not
surprise 70 find no German Nance in the list the varous
vertised declined 81 their accord take any Jay
mcnt for their advertisements
EFFECTS OF THE CRISIS on THE CONTINENT AND IN
THE EAST.
prom the Paris Debais, sept, u
The continuing echoes Of The crisis in foreign countries
sli commands great prudence; but French commcce
feels confident that the storm and that there Is
little 70 fear. second dmnution in the OF Ais.
count coming sooner than was expected and promp,cib
increase OF bullion in the Bank Of Franco, the
swer 70 the exaggerated apprehensons that
taned for the end OF the year and promises return
normal conditions. Tho eec, of this measure IL already
pcrceyible will be from price currents mat
several descriptions of merchandise quoted higher
This the truo remedy. Abs,aning from doing BUSINESS
Is hut palliative. No doubt time, period OF crisis
VI der circumstances the most precious 81 all capitals
but II at the end 81 certain time things better
disasters are merely postponed, and not prevented
Now, the worst symptom Of the crisis was
the depreciation IN the value Of stocks hand
n rise in prizes must be evidently the best
thing that could happen The Dsb1n here analyses the
latest commercial news from America England, Hamburg
Prus "a, Denmark and Spain and continues llevicwnq