New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-24
FRANCE.
Jsen Oar Own Correspondent.

Bbem Ocf Vvn correspondent
PARIS, Nov. O. 1857.
TIE financial pressure now takes precedence in
mems minds Of sll other questions, foreign or do
mestic. II grows daily more seyere-esch newly
arriving steamer fron America, each ne arriving
telegram from London, sdds TO the real difficulties
udef which French commerce is laboriug, gives 4
new shock to credit, and further arousss the grave
attention of Government to the possible political
consequences of the crisis. Nothing much i'm
presses diiinterested French observers of the
course Of events in the United States for the past
two months 81 the admirable calm Of the people;
for, were all business suspended, thousands Of
.WOrkmen suddenly thrown Cut of employment, and
in general state Of things in the commercial and
industrial world similar to that now railing in New
York to DO brought about in Paris, it is alarnngly
doubtful whether the door Of political revolution
which Was so " defnitively closed" by Louis Ma
poleon few years ago, would not violently burst
open, in spite of the garrison of Paris standing
shoulder 10 shoulder against IT, The probability OF
matters coming to sucl pass is not great the pos
sibilty however is already talked OF with alarm by
many and will doubtless suggest large precautionary
measures 10 the ruling powers.
Five years and more Of continuous aud unusual
property have placed the manufacturers and mer'
charts OF France in position to bear The pressure
thus far. AS yet. We hear Of but few failures; but
the efforts which many of them are nov making to
sustain themselves are II continued, suicidal III taelr
very nature. Silks exposed to-day IN the shop
windows, marked at prices ten and fifteen per cent
below their wholesale cost at the manufacturers Blk
weeks ago. Some houses are offering their goods
at sti greater reduction Ner can they false money
% better. terms. As good paper as can be made
was discounted on Saturday at 10 per cent-paper
that used to be sold at II. That this must be the
case viii be readily understood when the rate OF dis
court at the Bank Of France 10 "a; but the gravity
Il the ease viii only be Understood by observing that
Partisan merchant who hires money 1T 10 per cent
eomnits as suicidal an act a. iss New f0rk rner-
eksst who hires money o, ~ J.ss ossi-Asngs him.
elf 70 svoid suspepssor~
In any con parssl berueep Pseset I'D Aussr;can
k-1siness snsirs ess clrouue.aD,s sto.H D. torae
In niro hek "a "a surrpis ~ Lie k,lrssf Ioe Ia
City q commemorative spe rsDs,~rt ~ railway
between lubricant SDe rrase ~ Lac J1 o. lie eas-
tom Of frequent .0yplss; consequently tie sIcks
On merchants hands are generally DOi large. lis
recent high prices Of cotton have alec prevented lie
manufacturers from purchasing hrgeiy; they we're
not able to raise propOrhonately the prices a their
goods, and they were hoping for decline In the
raw material. Meantime they, a. well az tie silk
manufacturers, who suffer more directly the effects
Of the disasters that have beialen American COM
nerce, are contracting their operations, and begin
ming TO run short time. The ouyriers Oi Paris, alsO,
If less unfortunate than their fellows OF Lyons and
Rouen and Muhouse are likely h. want employment
this Winter.
Elegant iewery and that inaunera,le variety OF
ornamental trihes, knickDAskS Al fDnyeniences,
all bearing the inimitable marx a Psfls t4.;s, aud
ksOxn by the general name 81 eneA d. Pans, IN
Tie production and sale Of which ts sSs,NI.y 0 the
male and female working population u ;ss city fad
their means Of livelihood, form 4 barge part Of the
sum Of French expectations. For the sot Of good,
~ well as for her silks, the United STATE. in their
high prosperity and passion for extrayagance. were
becoming the best customers Of France. Order,
no longer come In from your ads OF tho water aud
lust ~ this time also home customers are some 81
the n feelicg the necessity Of making economieL
The consequence is that nj time of year whef
WORM men in this class Of goods ara ordinarily in de-
rspd there is less than usual for them to do. Ats
the holidays there will be still less. Some employ
ere in the faubOurg du Temple have already dis
missed few hands.
You may look then, this Winter, for reinforce
ment Of the garrison Of Paris, large distributions o
bread 70 the irdigent and brilliant benevolent balls
Senators ard other paid fuuctionaries Will receive
the brosdest Of hints and horatogy kicks II need De
10 spe0d their salaries freely that Partisan
"meree and Industry may march" There viii proc
ably be this Winter more misery ont of sight an
more ostensibe gayety, than even Paris is aceus
toned TO.
The urgent question Of the moment y; Wha
shan be done to prevent the drain Of gold and sill
seri The Bank Of France after following at hal
Per cent interval the Bank Of England in les sgcces
sye advances OF the late OF discount till the latter
reached per cent, now remains at "A while the
English Bank has raised 10 9, and threatens Il
rsise to 10 per cent. Awaiting the aus yer Of
Government, which the President Of the Bank OF
France went down TO seek at Compeigne last Sat
srdsy several are volunteered BY private iadvidua'
and classes. The ostfayorably received of these
,rsposit;ons, since that Of suspending specie pay.
snts has been % distinctly rejected in the report o.
the Misister Of Finance, Is to lay heavy tax on
- .Inortstiop OF specie. further rise IN the rae
- S;.scant even if it went az high as 10 per cent
ouId ncs be enough to baIsDce the profits and SOL
Re operstjQps Of iouses dealing largely IL e1poEtA