The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-03

.assyal sssAsss, Ne political Independence and the do
einayy or mere ncYAp influence; speak Of power
ful conbnaton more han political, more personal than
congress Of diplomatsts or princes.
The Emperor Napoleon has long been engaged In the
doayor 10 draw out The enterprise o. ms su1)ecss and
:ss effect throughout France great Any Traveller IN
change in the aspect action and condition OF the people
The trading class well ~ the industrial olasses are
animated by spirit of energy hitherto unknown 70 the Gel
tic population They have learned not only TO employ their
time with vgor but employ theitavngs-to venture
France was almost virgin SOIL and the effect Is described
by the traveller as marvellous. Thus far a blessed
sersa .hsy did not wpsn. the Ssa IN he Imperial mna
have seized the same opportunity TO project movements
for the further development Of capital, its power and
productivity The great speculatOr In this differs in
some degree from the ordinary trader The money
chant obtains his profit entirely from the simple Of
exchange and he does equally whether the original
holders prontng in the transaction He may
the broker between two communities who running each
ether and build his fortune upon their downfall And in
dvidual trader in this merchandise viii be nstgated pnc
paly by the desire 70 grasp large and promppohs He
not cafe councillor for those who have in charge the
munity immensely accumulated wealth, boards of gold
are essential well diused supplies Of the neces
earies OF life and is eniOymcnS But the
which gave an impulse to the commercial spirit in France
made the largest opening that the world has
forward movement Of great CAPITALISTS and they have
spatched It Alarmed at the vast proportions hch these
Joint stock combinations have attained in France, the En-
peror and his political minister's have issued their protest
against in that direction they have followed up
profess with restrictive mposs but still the movement
goes On. l
real trade would with much steadness rapidty in
the available of the French people, would
make them independent Of the casualties of the
sons--woud make them comfortable, more orderly
capable Of supporting their ruler obedent to
his DEGREES 1t easily 70 be understood why the En-
percr Napoleon desires to add that element Of English
der to The military capabilities and energy of the
French He has in great part succeeded But the excess
of speculation invoked by those who have stood ready to
take advantage Of the impulse, has, again in the
moment il did in the autumn Of last year threatened TO
defeat the Improvement by OVERRIDING it, and we in Eng
land under the commercial pressure which vi
sited in the At the time there appears
TO be suspense in developing extending and multiplying
the immense Joint stock combinations which the French
emperor has endeavored to restrain: though at such
time such operations ought to be entirely suspended We
see the stocks the new International Society OF Com
merclal Credit whose founders connected with the
great money corporations in every capital Of Europehe
banks of France England Amsterdam, &C. The list Of the
Council of Administration OF the grand company hes be-
fore OF the great Russian Railway Company half of
the members short Of Russians and the greater
the service of the Emperor Alexander. In that Russian
half, however, see the name OF 4" Thomas Barring,
banker in London" The other hall consists OF men whose
names are well known 10 every capital: Gwyer, mem
Der Of the Conacil Of Commerce, Ernest Slem, part
ner in the house of Hope Co., at Amsterdam;
banker London; Henri Hottinguer banker in Paris;
Isaac Perere, administrator Of the Paris and Lyons Rail
way Baron Seillere banker in Paris NJ Auguse Thur
peyssen, administrator of the West Of France Railway;
and NJ Louis fould brother OF the well known State nan
Cier Some OF these the names so constantly en-
counter that comparatively small list of men who
administering the greatest financial operations in Paris,
Vienna, 81. Petersburg Amsterdam and London The OBJ
ec OF this company is to take forty five millions OF
aI-a which could easily be raised for reproductive
purposes but which they intend TO sink in railways
through inc Russian deserts WINE tne actua sue Of he
whole worldof Europe, England, America, and the far
EastpToves that cannot spare that forty five millions,
even the hrs nsaiment Of IT, fe, these few gentle
who rule the world at present have determined that
shah be taken, despite the Emperor of the French, the
Bank Of England The commercial public of this country
II said that The position OF 81 dc Morny is not sasfae
tory either the Emperor OF all the Russas To the En-
pcror Of the French: but NJ de Morny Is fulfilling
which has become independent of empcrors He has at
ached himself 10 the Grand Council Of the International
Finance, ard IL that Grand Council AT present which
ranges the affairs Of the world by the power OF the
let IoteDates and Iaraments think what they may. The
Emperor Of the French at present engaged in attempting
restrain the Of fictitious ttlescouncs, securities,
and baronesbaubes at which the arstocracy of wealth
may laugh. The power OF that order, which Is the
powerful because lis members comparatively limited,
proceeds in IL action independently OF these ordinary
htcai movements. and shows itself pursuing lis
uninterrupted, undvertcd whatever be the state Of
the copmefcal world whatever may be the mood OF the
Imperial mind, whatever may be the action Of ordinary
siaiesnpn.
that may from speculation the ruin thai may
wit shareholders IN these huge joint ock companies,
from which the directors always Withdraw before the
crash We are not considering the commercial disturb
croad b. the necessity which Is forced up Europe
Just p,eeni, OF undergoing high OF interest
ordinary REAL accommodate oD while millions are
he'd uyon the OF those million.
We simply considering the agntude
and the Independence Of that power of combined millions
II new order, new administration In the world. The
names nt, conspicuous IN remark able for certain
character pics Read them again--Rphschd, Biving.
sterlI, ferere, Hottrguer, and Fould; with second
order. ComprisIng The Weguelns the Hopes, and the
ssieres. The! form grand council OF small numbers.
that could AL be sss'mblcd In dining room They
remarkable for beng closely connected with the
governments of al The principal States IN the world,
while al the same time the, are not closely con
Decied with the ates under those governments You
wouli not accep Baring being peculiarly representa-
tive of fngans you must choose many other names be-
fore 1.-THE Russe the SANKEY'S he salts the shays
Cobdeus and Tyres. Franco would certainly no., be re-
presented by iererc, no country by Rohschd S,cg
ltz y by no means exclusively Russian, any than
Fouh French The class ~ alien 90 any particular coun
try, and vet deeply rooted In the administration Of each
country II can command not only OF capital enough
TO determine the financial operations OF government the
failure Of State loaD but influence bcne
bcay fatally the Of trade, by turning upon am
one branch The combined mass Of capitals fro States else
where, just the i've poientaes of Europe muster AN
army which would crush the people OF any empire
mutbyng against any one Of the ave. But this grand
council az monaires haz proved that Il superior 10
political administration 81 the separate countries. II "a
at once alien 10 The arstocracy Of any country
and yet becoming more Powerful and therefore more
respected, Than any arsccracy. Unlike any order
which have yet seen, has its home equally In Paris
Berlin Vienna, Amsterdam, 81 Petersburg or London Il
IS republican, but of the aristocratc republic close
than the Grand Council Of enice infinitely arbitrary
Like that commercial republic, kings bow down IL but
the kings that bend the giant empcrors OF day.
not the Drawing leaders Of the middle ages. The debates
Of this council not reported its constitution Il vet
unasccrained and undetermined We feel It's power be-
fore we can define T. IL is independent OF political
cs higher than political responsibilities, ignorant of con.
suioa checks II stands confessed in the actual events
Of the present week and In Us independence perhaps ds
regard 6 the interests which overridcs ex,ofis from
the question whether any account has yet taken
OF the immense institution that has sprung up while enpc
rors and common politicians thinking settle the
world with armies and treaties.
speech OF the United states Consul In
Liverpool.
a pcW roe