New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-05

Fears orce snfi.sntlv exe,xd il nd he passed
With panic rush. that in ITS pas,ing ~o1Id shAae
thevery foundations of the Imperial tnrope II II DID
not sweep il quite away. wen, tue sug2-su"h Tor
fear exists in the acts Of the RBe - Denis and OF
LIONS. The French are msgibative and their inn
acinatious were fast rising ~ activity. One thor
o1ohly. scared Frencbman Will infect d thousand
with his fear The French are not peculiar 10 tns.
In addition then 70 real commercial crisis Of sui
fcient severity-but that Of itsef the country was
strong enough to bear-we were two weeks $50
threatened with a panic, the effects Of which
wtuld have been TO multiply the difficulties OF the
real crisis ten fold, and 10 make imaginary difficult
ties real. What was mostly to be feared was fear.
Who had most TO fear vas LOuls Napoleon, for
cr.s in France, rising 10 the proportions of that 10
America takes t. Itself the airs Of revolution AZ
fear il contagious 50 is confidence and never more
so than when eviuced by the head Of Government
to which the people are taught TO look "a their
Providence
Louis Napoleon then, writing to the mass OF the
people skillfuTy enough expresses hls utter conn
deDce BY the tone of petulant yexatiOn with which
his letter opens His graver declaration that the
e1traordipsry measures such as that of suspensOn
of specie payment BY the Bank OF France-.hch
some bad aked for, are not needed and will not be
applied was an expression OF confidence likely tOen-
courage the very classes whom the outset he insults
The letter, however, would still fail Of its purpose,
wer. not the author able by virtue Of the organic law
regulating the newspaper press, to at once furnish
bis own commentaries and prevent those Of others.
Thus the same number of the MOniteur which gave
the imperial epstle to the public, contained copy
OF warning given TO the Pdrie of the same date for
an article on the financial situstiOn Of France, in
which, among other remedies, the suspension OF
specie payments was recommended. Note that the
Patrie is a thorough going government paper, and
that the writer Of the article III question was gov
eminent candidate for reelection TO the Corps Leg
is atif last June. You may judge Of the effect OF
such warning upon all writers of money articles.
Still it was not exactly regime Of silence that
weuld best serve the EnperOrs purpose-for fear
never grows faster than in the dark. Financial ed
itOTs then, continue to write their money articles,
or the usual Lumber of lines under that head, but
carefully avoiding any intimation that things are
come or coming TO dangerous pass The coDse
quence is that the feeling Of alarm, lacking por-
ton Of its nourisbmeDt, is considerably Gained,
though the real pressure is rather increased than
diminished. After all this-eyils declared 10 be
purely imaginary and writers who suggested the
reality Of them being warned TO Order-GOyernmen!
takes certain measures in quiet way for diminish
ing or ave ring them. Such are the sliding Gale of
discounts Instituted by the Bank Of France, the
strict application of the law which fobids the melt
ing or trading in the coin of the realm, the repeal Of
the DEGREES which forbade the expOrtatn of grains
and the dstillaton of grains 1t stems also now to
be well understood that the first business of the
Legislative Body, which is soon to meet will b to
pass a bill modifying the usury law which, since the
new Charter was granted 10 the Bank of France.
gives to that institution large advantages not enjoyed
by other money lenders.
lamzsy, wEO writes the weekly financial and
CONN ercal articles for La PreSSo, and who 10 the
best authority here in his department, cautiously
combining himself to facts, says in the number of
the 18th:
co,a boueos obl;oed N d;enosa of fbar ooods IN
meet their engagements, make up their minds to sell
at loss and force their competitors to follow their
ex ,mple or not eel at all The houses OF the
Rue St. Ders Ico,hs and silBs have been obliged 10
se the past week. at great lo's. Retail trade in all
branches is dulI. Is Partisan dealers have
entirely ofthe manufacturer The adj
vices received from manufaeur es in the provinces are
very bad. At Lyons, st. Eieppe, in Alsatis, at
Rouen, Ebouf and Roubslx siIks, cottcns and wool
ems great number Of looms are stopped, and work
mems wages are reduced Meantime, the
commercial world bss thus far borne the pressure ad
mirsbls. Bui few failures are announced, and they
are mostly Of small Importance. This is owing % the
extreme caution observed for long time In French
commerce. Neither manufactures nor stores afe en-
numbered with goods, and most Of our merchants have
avoided giving long credits.
On the whole there is better feeling. The BOurse
this week, has been looking up-not vory boldly nor
steadily, it is true but wnkinglS, so to speak.
There could be no better tai-piece to this l'tter
on French france and poltcs-and it should not be
forgotten the Imperial financial eplstle peculiarly
and strikiDgly document in French poincs-taan
the following laughing passage, which translate
from The Sunday feuilletOn of the Spectator. The
writer who, ss a matter of course, has filled part
of bis light weekly chronicle with talk about money
matters which are the theme of universal to W.
talk, says:
land spropos Of this, they cav that ths forest of
Coppiegne 10 palace where the Court is passing the
hurting season presents nguar spectacle when the
chase is over. The mort is sounded; it is o'clock
the huntsm return triumphant; numerous troop OF
guests prance along the Suddenly one OF the
hoIsemen looks at his watch putt spurs TO his teed and
dsshes down side alley at breskneck speed. Another
and initiates him, and another fourth follows;
then all start at q dead run FOR the town. IL is
verable steeple-chsse il which dplomsts gentlemen
Of leisure distinguished strangers, and all those noble
guests who fill the forest with the reverberaons Of
their horses boofs take eager part They choose the
shortest cute Jump bitches and hedges and rush into
the town of Compiegne like squsdron OF husssrs
changing battle field Whittier are they goug al
such reckless rate like the phantom hunters Of the old
legerdf
dc la Cloche Not in quest of dinner for the Chs
team OF CompiegDe offer them most sumptuous one
gratis. They go in guest Of the quotations OF the
Bourss. They all enter pei mel. There young
brokers await Them, notebook In hand, and now be-
gins turnut Of questions and answers.
"Ifow lie the rentel The Moberi Up or down I
How much Did you sell my Orleans! Are the
Ausrians frm Railway haIes All sorts of shares
End values are discussed and passed in review; the
talk il of profits and osses of sales and purchases
srd then the hurtsmen return 10 the palace their
thoughts are less upon the stag than the bears.
AT 10 o'clock next morning they retarn one by
to the Hotel lie Ia ClocLe, where the same brokers
swat them and write down their orders for he Bourse
Of ihe day.
THAT is what IL called Playing at the BouIss!"
For this bit of pleasantly, which he declares
presmbulatvely, to be radically false. the Minis
ter Of the Interior serves Advertisement the
| writer and the newspaper in which it appeared.
Yon see gay cites and grsytes are equally flrbidden