New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-22
THE STATE OF EUROPE.
From Our Own COuesy,.Aen,
LospoN, Friday, May 8. 1857.

LospoN, Friday May $, 1857.
Mr. Sampson, the able writer OF the money
article in The Times, gives to-day most eAee"ent
review of the last report Of the Credit Moblher
which fully confirms the view you have taken OF
that most gigsntic swindle of our days. The fol-
lowing extracts will show the tendency and results
of the company as regards the public. As regards
themselves. they have now declared dividend Of
% per cent:
THE first proposition of VI. Pereira and his COX
leagues s that the general intelligence OF the pubic
does not constitute rie best guide in the pursuit OF
their own interests and, consequently that the Credt
Mobilier was required TO act as g sentinel ana 70
initiate and support by unfolding prices such selected
enterprises as the Board may approve
This view, absurd as il seems to Anslo-Ameri-
accustomed to rely upon themselves, Is 50
entirely French that il explains by itself the tenn
porary success of the Credit Mobilier. The Celtic
races and the NeO-Latn nations, which are much
imbued with Celtic blood, ara accustomed TO be
led. They yearn for Capitalization. and are happy
TO have an officially approved sentinel to wara them
or to encourage them:
The Directors seem to consider Mat one of the first
among financial duties Is to keep up the prices Of the
public funds, and they claim merit accordingly. In
one single month they advanced upon rents nearly
coo sterling. In other countries fall IN the
funds would be regarded at once as the sign aud
remedy of Misrepresentation and would be welcomed
as salutarY means of inducing investments ana mus
attracting capital from the quarters where 1t was
being reckessy employed. In Paris they have SEN
tinel 10 teach them otherwise. Proportonate aid has
been accorded TO the sharemarke and during the hrs
nine months of 1856 the advances al each forghtnghty
settlement averaged 100000. 1t appears, also
hat Notwithstanding the precautionary spirit OF the
company throughout the past year, tfey nave SUD
crbed and issued on behalf of enterprises forming
their connections, bonds to the amount OF 6Oo-
600. With regard 10 the coming year, the confidence
Of the Company is undlminished Ii expects part OF
the concession for the CCmpdgnie Maritime an extern
sion of southern railways, and JOINT action with the
Spanish Credit Moblier in the construction of line
from Madrid to France. An increase of the capital
of the Bank of France, that by some mysterious
means may erfend the circulation and Keep u on par
ruth the legitimate and seTiOHS rants rhich social dc-
tirty and increased production Rcess0HtLy clam and
an augmented issue of bonds of the Credit Mobier Of
short date and small accounts are among the means
now looked to for establishing perpetual prosperity
That under this prosperity the course Of the Credit
Mobilier will be distinguished "a was that OIL the
Bank of the United States in its most Ourishing days,
there be little doubt. Nevertheless its course on
the first of of those periods oil political
or commercial cow ulsOn, in which everybody VIII
expect it to make advances upon everything, ana no
one will buy its securities in return cannot fail to be
watched with curiosity and awe; meanwhile IT may
pursue its course undsturbed by the interested and
Jealous criticisms to which W. Perera reproachtully
alludes even with liabilities Of more than "a OO0O 900 on
deposits and bonds and its assets OF seven millions
embarked in railway shares, obligations and different
securities
Parliament met yesterday. The Royal Speech
contains scarcely anything remarkable. "A year
has been wasted" as Dsrael observed; and Lord
Palmerston, remarking that the time for transact
ing business is rather short, very dctatorally re-
ouires the House either to have confidence in his
unknown policy or to disown him at once. Still,
he promises to bring in a measure of reform for the
next session, and Roebuck accordingly withdrew
. his notice of motion upon this important matter
A measure for national education is likewise being
considered in the Cabinet in order to take the wind
cut of Lord John Russel's sails. Lord Panmure
complains of the criticism upon Gen. Ashburnham,
but the news from China will, l fear, within the
next six months, bear out the opprehensons OF the
well.informed eye.witnesses of the Generals con-
duct in the field, and show whether he really de-
serves the official epithet OF gallant.
The opening of the Manchester Crystal Palace
was favored by the weather, and attracted a very
numerous crowd of visitors. The first days give
the impression that the enterprise may succeed
commercially, though London society cannot pat
ronize it, and it is rather inconyenently situated as
regards foreign visitors. 1t is to be hoped that the
Exhibition will give lesson in good taste to the
English Manufacturers. We cannot forget that it
was the acquisition of Sir William Hamilton's
Etruscan vases on behalf of the British Museum
which gave the first impulse to Mr.. Wedgewood's
efforts to improve English pottery, and which thus
introduced branch of industry into England BY
which now four hundred thousand families earn
their livelihood
General Sir J. Outram has, at the eleventh hour,
captured Mohammersh and defeated the Persians,
just before the news of the peace reached him.
This blow may induce the Shah TO sign the treaty
without delay. The battle itself was won without
any serious loss to the English, and the policy which
dictated it reminds US Of the expedition against
New. Orleans, which was likewise undertaken after
the peace was signed. In the present instance,
however England has succeeded and is now to
keep Mohammerah up to the time Of the evacuation
Of Herat.
The Emperor of Austria has gone to Pesth but
the English papers silent about his reception.
We may therefore infer that it was not over enthu-
siastc. A-fc'
I'D NCE