The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-07

THE HONEY AlAKkT N EURoPE.
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Erect u the QcW York Panic Parass
he noosaaoa ana decline of prices On Paris BuTss
du'Dg ths early part a The week have been In great
for the sudden resoico whicn has sk,n lace within hs
iast two lays ne panio IN ~ Neso Fork usask6 = As
a % a. s e. q Pres s:,s, :.s S: ,:.
SON 70 the insertion Of the nnss in tho konr aan cuncng
identity In sne mode Of aegoasou be,ween bonds no
evident mat more % vsa reasons man noss ss.sd are
ys required 70 account stAsr for The fall rise 10
sssn SSss Vim bs s'' ns nt'r u.assa re ss
turns Of The French railway show little anaeliofannn
crease os "so can be looked os ne c,is IL as 0aied
Stairs wsU sooner or LHr e6ea, ~ soms d~ the English
marke end our ineiuseaoe com India mot suftentiy
msscia derapa In ha quarter. One certain e,ot
" Me troubles In India will be dimnishcd reoep.s Of
oescn and this time whom Vie cotton crops IN the
Speculation du Ing the week has Amos, lusvey been
oonnn3d the Orc Aobher and two lines Of rasL
vay tho Credit xobisr has faisp from ssOe 70 7oof
adding to his depreciation that Of o0f in the previous
weea We nsve me enormous nl OK aSo! 10 ornisht.
bly, mere question Of dividends, and in no ray ~
butable 70 want Of confidence In the compAnys admnis
The bank OF France remains drm during Tho decline in
other stock The Credit Foncer hes also esos ed tho
utons are exempt from sxson and are in many ,pecs
more favored by she existing leehlation.
grOCKJoBBBRs PANIC IN PARIs-rHB CRHDTr AOBI
LIKR AEB CAyssE aKSsRALE IN THAR Ds1lIsI.
From the London Tunes Sept 23
Fugsh legislators and governments have
to mach yisaperAon OF their obsn, perse
thai every has = right his fortune II
he can an TO ruin himself he thinks ft the propor
boy s1d so
they sucCesd they attribute the merit 70 their saga
CIT and among the excuses for failure they unable 10
tbostties.
The OF and the pspos OF the money
OF been attributed 70 the absence Of o
cal supervision present condition Partisan
Exchange suggests reasonable doubt whether ho theo
ries Of which prevail on the continent O.
VIDE any security 10 enterprise. II IN evidently the In
Of government to avoid a responsoiuty for
percal rctunes, even st The cost Of ei.clanins the
meYito prospe y for 10 public well - In priv yelA-
lions resentment more active feeling than gratitude On
The other sde capitalists, however blind 70 sner
OF purpose, 70 ay Mnister Of State Who might
control over their operations. government be
moves altogether independent Of the proas feazsd
The second Empire In France inherited from all its pre-
dece,so,s the assumed duty Of requesting he oomnerca
especially, claimed thu right Of interfering in every Do
psrment Of fumsn activity, but s~ono all ne less man
Jrsqueny tie ytbelotls movements Of < Sock Eschonos
He acquesed but unwilngy, In the Representations of
DEGREES that bis Ad nirs mus necessarily take s,cocut
Of winsr tides but Molten and his other nnsnoia
advisers could never make him understand that "oear
vas mot political maIcontent The admirDg historian OF
the Consulate and Empi constantly records, with he
stating protest. The impcen declarations Of bis hero
be would bring Mesieuvs ks Boirers 70 their
Napoleon III better economist, ha has committed
errors In encouraging ov In restraining speculation
he 10 mot capable Of prontng by experience. the
loudos murmurs which have been uttered sgAns. bis al
mnisraon proceed from class Of capitalists shioh q one
lime seemed enjoy IN unasusl share OF ON da favor.
mist.fe 70 Tester spirit of gsmbrng; IL msy be
doubted whether tho evil remedied either by the
fusal 10 cocoede public work., or by ho imperial
roe.gs a.srded 70 heavy comedies sg.ius. soctobbing
Pubic opinion requires 70 be undsceved Of the pre sion
that oreo depends on any support except has Of integrity
| and Of wealth.
ne CAs Generate des Chemfns do Fer s an institution
Organised by nires on The commoadie principle, in
rivalry Of Pereros Credit MobDer, and The OF
heavy fall hSssd .so.id sses as. 10 faancsl cy..s
ioos necdsoyy 70 socoum for soor Of confidence In
SsmpSns ,,s .sssA af'r ;nr.ss.s ss,s large p0rss"
pey.d stu more considerable purchasing ne con
eeso~ q ne Roman rcs.ee.s The Pope and ouse. La
would with % and responsible for ihe pync pa part his
aets Certain coal pits In The south Of France and gas
eyes Of ordinary csp auss but tas whole, pablo
ndepce has been shaken aad became desirable that
collateral object Of iDsiausns oharEcs Against The govern
ment m ingenious tie comedy was composed and ex
hei'ed . recent rec s mseliDe O the oomssny.
Caisso GeIerale, commenced The performance BY
rate expo,on Of his for retiring from hts post
doco1 rSona nacepisiuy an eieoatino ehustdsm for
ne ho~or Of soekjoobtng and : respectful dis
spprobaiicn for the recon, policy Of the 60
e scheme reppansn, y b. feslius. "su.srpr.Sn ~
says "has like war IL honor and hs glory rho aooon-
ard attractive IN lie aure In aru and In politics or
tos ambition aires mot ashamed; II 10 his Aratiou
70 Ake granc ws,s OF commentaries, 20 consrsct sant
tsry works 10 populous otes, 10 fuel from
OF he earth, 10 found manufacturing and mpinE
Bbnenis "ss, Of ALL 70 give 70 ss'ss aud governments
| asews war and Of peace ard which has eleva,ed
ansnoe 10 the level Of ponN science" London deal
n, w, ssv sn1 s,s - ns oocupa
thniercsca view Of thor unoonscously sublme fano-
tons r,se or fall Of an eighth 10 mo quotation OF aay
stock woud fear ncrost the vulgar more
earnestly than the sublime reflection that he has seconded
the oenoncsnt operations Of nature that Freroh
society Ct resent abors under similar want Of eohus
ssm. "Wh,rever you 60" ays N. NJ 60 In ss flowing
eoqueDce "st the hcst6 In drs~nE ro,ms In book, on
mere ss sn
70 business and men OF husiness-"ce q4 dppsLk
Us cfcs,a ct s Aosm qus ks font" The Bourse and "
"nses" profoundly unpopular rfe reasons vhioh
hare led 10 this general injustice only be Indicated
With caution and delicscy The pablo hsvo misunder
Minister announced that 20 neg ,sl-,y CON .. noas
would be graned and An ignorant 90 annuity hes sup
ccu.equencs s rnersl ala m. ,sil IN sr,.tius
shares and absence Of further opportunities f prod
able invest sen, The changes In The snsc lin are,
cordrg 70 nrers COOL asserrou, equivalent 70 he
phiaton Of several miops worth Of property. Al tbs
ne The beuefsctou OF The hu race -bo have
invested their moneJ In joint stock companies exposed
70 snameess oslumnss, and Il y suggested ,hu
credit only be restored by 'ns full prosecsion n
representatives, In other W5rda by securing M fYes
against criticism hChamfor has Uked tbs. Molerc,
vto brought all osher cssss o society 20
spered ananc'e anc ne sdds that Ooo,.s had induced
Louis XIV prob bit him from repvesertiBg ,hem The
inference obvious, thai n. Toud hs FAR short Of his
nous pveds cesscr
Count Hneon In equally elaborate speech, protests
against bis resolution, and II the unanimous desire OF
the meeting the menaos b eveutually Withdrawn.
The Shareholder OF the Caae 9enerale no longer
blame their repr sentative their d idends graz uay
cline and heir e. dovn In the market me In.
perA government must bear the responsibility their
losses, although would Inn speculsuous ain
- hay we're beyond the reach Of administrative
croaohmept
Rsnos likely that the Emperor his Ministers win En-