New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-27

them eucb extent Of power not only ov,r oth ;,
peoples money but over their ovn fort lnss' Ths.s
dueetions snggea 10 the better .nagsd epnueres o.
the metropolis that there must be something wrong
altogether IN the commercial morality and cOmmercis
habits Of both Liverpool and Glsssow. Apart from
the exceptional csse Of the thing called the Roys
B;ihah Bank which was in truth DO bank at ell
out mere swinde Get on foot and Carried out by
coupe Of Scotch adventuer.-spart from this organ
zed fraud which was only metropolitan 10 the accden!
OF if locsity-tbe London oint-sock banks stand de-
seryecly high Their freedom from mis-: ,nduct and
eHparastment arises in no sight degree from the bet
Ter mercantile habits of London, the greater diversity
Of Dfuep zee, The less dependence mere trading,
anc above all from the high and correct standard aud
eXsmpe OF banking set by the Bank Of Eoglard. The
mercantile feeling Of the provinces is comparatively
low toned and in those OF our great ports, where the
capital is insufficient for the trade carried on, that in
eriority Of feeling pervades and affects all trsnsac-
ttps. Bark managers rlse into personages OF the
hiehest importance not merely to traders but to d.
rector; ar thus their power over the funds OF do
positors gradually becomes absolute and Irresponsible.
They attacked and ssduced by all sorts Of social
influences and il fond Of society Of conyvs habits
the money OF the deposito Is the price paid for the
indulge nee Of tbeee weaknesses. This was largely
and most scsndslously, 1t seems, the case In Glss-
gov.
In all these three instances the Directors sppeH 10
have eft the conduct Of the banks to the msnagers
in two Of them does succession Of bad mansg
appear 10 have taught the Directors the prudence aud
prOprety Of reducing the manager to be the servant
q
pool and Glasgow, the best seem 10 have gone
giving implicit confidence to manager after manager,
lrseDtibe Indifferent to the mistakes and mis-
chief ard injury that were beirg committed, until at
last they aroused from their stoldy by the ex.
haust0n both of deposits and capital; and them in ali
human probability, will ensue a long anarchy dis
prtaon, technically. and obicsne, which nobody can
NJ dersfapd. but which every concerned will
snartly feel the effects of.
There is no expression too strong to convey public
GERS on and reprobaon of such conduit; and if 1t
were proved that il is after this fashion that l,cs
joint stock banks are generally managed. 20 far from
berg gre at and useful institutions they will turn out
TO be hotbeds of immortality and mischief
THE FINANCIAL CRISIS IN FRANCE.
The Moniteur pnbli-hes the following letter, ad
dressed by the Emperor to the Minister Of FoaDos:
"MoNsIEUR LIZ MIEisTRE: I see with pain that,
without an apparent or real cause public credit i,
sailed by chimerica fears and by the propagation OF
sodisan remedies for evil which only exists In the
msgr ation In precee ing years, 1t must be owned,
there were some grounds for apprehension. A success
sion of bad harvests compelled US to export annually
mauy hundreds Of millions in specie TO pay for the
quantity of corn Of which stood in need aud yet
were able TO meet the crisis, and to defy the sad
predictions Of alsrmists, BY few simple meaures OF
prudence taken mOmentsrly by the Bank OF France.
How is it, then. that at the present moment It Is not
understood that similar MEASURE rendered still moro
easv by the law which allows increase OF the rate
Of discount must suffice fortiori to preserve TO tha
bark the spe Gle which it wants as we are In much
better condition than We were in last year having bad
an abundant harvest and most considerable metallic
reserve in the bank
az therefore beg Of you publicly TO deny all the sb-
surd poIectf attributed to the Government the prop
sgation Of which go easily causes alarm. It ia not
without sono pride that may state thst France Is
the country in Europe where public credit rests on the
broadest ar on the most solid basis. The remarkable
report you Addressed to thereon the proof
Give heart to those who vsiDly alarmed, and
eure them that am firmly resolved not to employ
those empirical means which hsve only been had re-
course to in circumstances, happily 30 rare, when
catastrophes beyond human foresight have befalen
the country.
"Painee Of Comoilgne Nor 10 NAPOLEON"
The Honitenr publishes the following DEGREES:
"The decree Of the 22d of September, 1857, is re-
vcked (raprortf regards the prohibition of the eK-
port Of grain ard flour, potatoes and vegetables (k.
gun.s secs, chestouts and the flower Of the same.
"The decree Of the Goth OF October, 1854. which
prohibits dislstion from from any other fsr-
naceous substance used food is revoked (rapporf.
1.-THE distlation from or from any other farna.
ceous substance u'ed food must be managed that
the residue there of my be used food for cattle.
Aby disregard to the above REGULATE ns may lead to
a prohibition TO dist from farr sceous substances.
t'Tbe DEGREES Of the 18th Of February and the Both
Of July 1857 also ked (ropport(s ~ regards
the dsti.laton from rice and foreign graa.'