The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-24

this autumn In avery qua yester5ay Including tbs
dalton the sdvanced rates In Lombard street oDy the
best bills conld be dsocuued per cent II 4. sauh.c
tory TO remark that No more Id rAs withdraw lro me
bank for exportuon but this may be parity owing - tue
arrival OF large supply OF The precious me ~ VI.
Egypt In many quarters fears are expressed NAV
femiAnces OF god the mi ed Sstes may take uase
hare veasoS to tnoU hR sons n the po7aciai
BANKERS peyhops out Of ercensue eatison hdue already
Of ,nss vo been 90 in ho
use Of the HAT en days thst any exceptionally nes
demands spcn the m would probably 90 me oy iarn%
In the OF uisoorpk Fom OF two facts wac
have Uunspre II II infe red that the bank ell refuse
loans gove'nuent secu lee afer the 70 Opening
o. The transfer books From the polk 81 which 10 IN 20
thus bvi fly ,asced will be shat Il. 10 need OF
grea caution he part OF the commeroA u communM!.
Nor hsndips TIE esen OF the crash on the Other side
OF the Atlantic is no ed tha confidence win main
tanned the general stability OF cur cream lie poson
and Assuming this, there pohips NJ oes ay
Iut % or three yea abundant demon'1s'os FOLLOW.
ing the movement At the bank toe L>m' street dis
count houses raised tho rate allowed de posts
per cent The rates hEed until farher notice ASK
Per oeDs ., akd ~ per cent Il sven da,s notice.
ieS me j,in dock banks have Increased ths ao y
ance &c fosas from ~ 20 psr cent
From The London Chronicle 90. 81
The l, ss S Su1ns ss ~, ou ~;
dan SUPPLY Ct gold du,rg the last years has osu,e
nos beta % he-e mutt have been retogrs msvs
In the ,alue e gold ise-a rssal however, raos I'm
q
W hing demand r gold however bot, here and abroad,
for me DEVELOPMENT OF tAdo and national h
AeA the price Of the meta steady, and, ~ M
tuYal consequence, raised TIE value Of Jducsve
materials che trade OF Engl and and other atres
Immensely the time With the rre 10 piic
nna Thu. :. were ,ns .as' o. msnsy ~,
things nd as Whether the course pursue1 o. tmsi
BY the bank directors In dxins the rate Of interest be
al times judic0us II neceuAry, or whether toe act OF
by wbch toe Of the country 10 ragu
lated upds present circumstances expedieoi or DON
sIA
OF ben, TO traders questions which admit grave
doubts but which sha not now stop TO inquire Az
having raed the rave Of dhoount frem IS to per oea,
the BIO little doubt that They no, only bount bg
cruss erc but compelled by ne ess % adopt re osve
measures for some days past lhsfe hes been "a ex
pressure for money, both notes md gold and the
bans's position naturally altered in consequences.
I'll numerous and FOR an extrao-dinAry amount
In the aFgesste. Az the same time its power OF
iuSg n5s' ~, so sn n,iSH CSrs' &c ~ Ss n
tnen, fh.re Ads hus been rye omount Of wony boh
paper and @4al, tax o,a cssl Nothing has gons sto
there is moi tie f.,nest pro.pe ,f t aoAs nen on
the contrary md fenoe tie directors rased the 70 or
oss hs
txtepson II most wanted Yet Il mast Dc distinctly
that we do no. edvoosse tue ether extreme ~
~ urlmed panson which wou'd be ist ., bad - liz
artethesiA When T. ale 10 beAloy and credit soind A.
siGsnce cpgh be rendered The public we're fully pre-
seiver We perceive what Is but the neroemen Of .
restrictive pocv rendered omI Gus by the events in
India ard tbs Uned states, vel by the nordn.e
SPECULATION which has been gor In sign and colo
NAL proc uce for some time past
Iron The London Globe, OCT
should however scarcely have reverted 70 the sub
jet but for remarks which see thro wing out the hot
STORY kind and hs. the occasion for greater ssrc.
We us, that readers who have paid any attention 10
remarks which have from time 70 time submaed, Will
ros .s1 ~ sn oa sTon IN ss
even In TIE Bssk OF Holla d s nowsk Ia Paris no
business 10 done under The minimum bank rais Of ~
and EencteB IN Paris haze prevented, or could pre-
unusual degree Of caution In selecting from the
apperons ihoee which could be aclepted with the gres.
cious the attempts prop up certain specu,anons
by Artificial mean letter from Paris 70 day shows
thaa We wsss spsslss oy NE card me crss 10 AMER
OF that NY vii speedily enable u traders - rally
bat VIII TAI some tune to ses ,he present confession
And although usde sound u the core, there are cir
cumsances own posiuos-the necessity or meeting
heavy exuerd ture in Inda, and Of sending bullion N
large america 10Th check N ne i'm
porfas, anche, Of cur India and fabric a'es,hss
render necessary 70 plsos CORES poo ling check on any
waste Of our resources :. no wat q eo.aaeaoe, no
oblivion Of really coniouous prosperity thai egests
these the desire 70 ma,ntaia soundness,
70 preserve our rspersy uniptsrr pad, and ersn 70
spare the Individual dhs point nent that might be
s ned ey ssnoonns cacuaoos MOI based on NE aosaaI
crcumstar CO. Of The period.
[Fron The Lond u Poet (Cty Article oa 81
TIE advance OF the rate Ct ineres. scou fro
ass to per cent the Bank Of 81 nd car scsroey be
s :. have csrsso any feeIss q M 70 c'n
the United Stoe and the rreme rrocdLi9y Mo "A. rsduc
ncn W the rate II exchange his country could eipse
siderable export Of bt,ow and spccie % Aw1ica well
he generally uLfavcrabe aspect Of monetary Affairs
he ocn inent lad led the mcrcai public TO anticipate
l,, .sss sn.i The bnr director. Ssa pos:pooed making
the alte ratio ihsn shin - announced hA, hcy bad
s Ss' p.:sou dsy -oue.; n s,. " ss
Ing very serious, add the ncrease In oom-
mcrca failures Of late shows TEA tbs pressure 70 which
begpnrg 70 VI with calsnitcus eG urcn the
putioD Of the tadioe commonly. Fac increase in ne
"a .s ncn q . q o ssarsd sui een,,ns' and s!snd
Accoi ding I, The prem mocc Of regulating tie moaey
81. o. tbs oounry the directors Of ,he Bank havc Az
tie f.c, .b the lrcr, sse q one hail psr cent viii Iy the
Strength o. mo and will prove, 70 DO feared, an Ia
nv, b. Is Ss1e Cd Se sm. for he reesp Of
money call 10 81 yer cent md the j,ni stock banks
receive depsss =. the ate Of per sent per
The EnsIi,h furds to day have cis .lAysi Increased
vsakress snd fall OF about per mt nas been est,
f1r,ber oecins Is 10 be -four In tue general eIsure or
money the advance In The nmum ale OF Interest Ani
SscoIn, y The Bark srec.o ,e,.srasy 10. having sai
psry accommodation. II IL consequently nterr thu,
very probable hat The Bank authorities irli haze 10
and tho general rise III hss ,ken place 10 tbs rates
OF iDere.' tie Ointment 10 held 70 be smnt rsvs
o. 70 ~ necessity. 50 Ia, therefore, me v1eWt
entertained OF he future far from az ng,
and Il Il feared that the advance tf tie minimum !,
per coit mot sticien, 70 chsos the export Of baAon
regarding the qufs fro m the most r. vorabie p,a Of
vsw Il rupoved the, The Bank OF France VII shortly
The OF otercs, and ciscoun, In ooneqasnce Of
the p-siou OF the asss and naties OF tue establish
nsni having become very unsatisaobry durinE the past
mohth. Whe h tells be true mot n csra,n hs, the
rtuTn ruoiished 10 the kni>ur this morning anything
but reasurinf; and the least tna bs eIpecet 10 N
en,ed purchases Of buon win be mxae here In der
70 ihsnshen The POSITION o. tho eft,blshmsbt -Uniar
these o. cumstsnres the market for The p1blc fdnds
has been txceedingy doll, and 81 one time de
oiire or nearly Is per c'nt vM established; bat
81 the close OF business prices we're rather nrmr,
and the decline was eve nualy ao.ut Il per oenl
There bas bsen active irquy for money day. and
In nearly all cafes he fu advance In the vAde OF money
hiss bccp ersced for the discount OF commercial paper
Much spxiey u fell In all qua-ers and the paper snere
for cbcount 10 sly ssrusized. TIE I1ro. fdflra
uAh hare taken place tie oLhey side If "a. Aua sc II 10
oJ7rshsnded NIL fruos firms MA ride IN Way ssei,
and oo.,s1uengy failures lci for, aad indeed hare
bee. vp rtcd although h1pe nj Ten adj. n rsry ne
rntmeru 10 urq aenlonsoy ositcd period FOR the
commercial o,nm unity snd. shsouga can scare ly be
ed that eli si The s1u OF The oanic and
III neYyla OF The United