New-York daily tribune., 1857-10-26

Il
ccni.. ot ospatch to New York. and the Withdrawal.
Of coin " country bankers the steamer Ce took ou
yesterdsy tiu5t 500 in specie for the Cape Of GOOD
| HOPE ard tie Australssian $50 coo for Alexandra
nuet b. be made for the large QUANTITIES oi
SILVER in couse Ofcolecon on the Continent. Onthe
| other hand mcs, important point IN our favor
geLera ard decced rise in 6e Contin 'nta e1chsn ges
ccnst queIt upon the advance IN the value o. money
here. There Withdrawals of bar gold frvni
tte Bark today and owing to the more advantageous
medium Of Iemtsuce nOw presented BY bills coGprd
with ihe s1ivsl Of a large sum from Australia and
Russ'a it is hoped that the drain OF gold from the
Bank to the Continent is for the present at least
stayed. Coupling with this feature the ia It tnat ths
extraordinary bigh rates nov allowed for deposits
have attracted more liberal supply OF money for
rloymsrt in the open msrket, think that the gen
ern aspect Of affairs may be confdered more satsac
| toIy than Il az presented yestt rday.
Ii was announced this morning by telegraph tha, the
Bank Of France have raised the rate OF dlscoun! from
| 81 TO J per ceLt
At Paris to-day the Bourse showed considerable
steaGir ess considering the shock given to the spacu
laors by The rise in the rate of discount at the Bsuk
of FrsIce. coupled with the gloomy tone Of the Ger
iran arc Dutch advices The Three Per Cent Rentes
closed at G67O both for money and the end of October
being Only 20 per cent lower than yesterday.
AT Amsterdam yesierdaya conp'ete panic prevailed
on the Bourse. The fall in Dutch stock smoubted to
about per cent; IN Austrian to nearly per cent; n
Portuguese TO Fer cent, and in Granada Active
BOrd ard Spanish Old Three Per Cents 10 per cent
The other Continental stock markets are much lees
disturbed.
From The Daily Mere fleddiag a,tee) Oct H.
We have already pointed out the circumstances
which lead to believe that, serious the existing
ey pressure is, thtre is DO apparent ground 70.
par c, and that the natural course of events will IN
few days materially relieve the present excessive stn
genCy Of the money market AZ natural conse.
quence Of the increase Of the Bank rate to per
here the Bank of France has also raised its rate to g.
per cent, me asure which it is said would have been
adopted earlier although not to great extent had
not the higher powers strongly objected 10 such act
Of IIudeIce. In face Of the recent return OF the Bank
Of Farce, showing heavy increase CT bills discount
ed and large dimnutiOn Of the bullion notwiih
stanoiIg purchases which we may estimate at above
two nuUns, it ia difficult TO understand on what
grounds the Bank extended The margin of its loars
stock aid shares 1t may have had reason to believe
tLat this cOrcesson would be little acted on, and it is
certain that the increase Of the advances on those
cuIies was but of tihDg amount Ii is nevertheless
certain that money has for some time past been less
and less abuI dan in France, Notwithstanding the
celtnt accounts received Of the wine aad grain crop,
in general The traffic the railways has diminished,
although the commercial published by the
Government are on the whole very satisfactory there
is undoubtedly state Of things existing Which causes
serious anxiety
We look upon France financially, as eminently an
example OF unstable equilibrium" aud we dread
every event which may throw the balance on the
wrong side. We deprecate It, not only from the nevi.
table reaction which it would in other parts of
Europe, but from the check that would be given to
The Iapdly increasing prosperity of country with
which we have been 80 intimately allied, and whose
well being is of such general interest to us. We wait,
therefore with great anxiety the effects Of this COM
mercia catastrophe in America uPen the manutac.
tureTs Of the South OF France more especially, OF
whCm the United States were nOtorlousy the largest
customers, they we're TO a numerous class OF the
PFC ducers in Paris The Lyons houses are beginning
eeedy to feel severely the fail in silk generally and
the difficulty Of fiji ding purchasers for goods manufac-
tureG from raw material at an excessively high pllce
increases from day to day 1t only by the facilities
that exist for obtaining cre6t tina: they are enabled to
h., fA
yet unknown by the failures i'll the United States; and
we cerely hope that the sor: of crises through
which we are passing may not produce most dlsa4-
tIOus effects il France.
From The London Star fIeading article Oct II.
There is a panic among merchants and money
dealers. Money has become scarce commodity IN
the market and OIL be had on terms which re-
mind of the Old adage about gold being bought too
dear. AT time when our own trade is prosperous-
when imports and exports increase at an enormous
rate every monh-at a time, too, when this trade is
generally admitted to be conducted on SQUAD and
healthy basis, the calamity has befallen Us.
There perhaps never was monetary cfisls whele
the causes Jay completely on the surface as IN the
present instance 1t is unnecessary to remnd our
readers how much nelgbbors in Francs have sat-
fered of late from a speculative trade. TIE collapse
III tie prosperity Of the Credd Mobder SJciety winch
was at on time expectt to revouioIze the com
merce Of the wCrld must be ite IN every one re
membrarce. 1t is Lo less matter OF notoriety tqa
for col siderable time pas. there has bean scarcity
Of morey all over the Continent. The American psnlc.
after pOsratrg many mercantile houses OF iar credl
ard high standing the Eastern sea board, Is now
spreading through the Western States, carrying ruin
aud desOetOn in its train The disturbances in lnda
sdd their quota to the distraction Of the commerce oil
the world. One million has already been Withdrawn
from the Bank Indian account, and II thai
dip into the fund which set spatt for other pur'
poses Las lot been repeated il is not the fault OF ne
East Ipoian Directors. Nor must we overlook IN ths
enumeration of the monetary phenomena OF the word
tta our trade with China altogether in an unnatural
state ard that while we continue to import tea largely
from country with which we are substantially AT
war we canrct expect that they will accept anything
but solid gold in ietuIn.
1t gives US an extraordinary idea Of the wealth and
opulerce of Great Britain that in this hour OF more
the s,orehouse from which their wants must be sup
piled HeIe, alter all, Is our security. There Is no
ne, Of exaggerated alarm panic on the su9sct OF
tfis money secretly, as if we should be overwhelmed
in the crisis that has come upon