The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-06

Pauls securities which II was impossible
not to have known were not his to pledge-toa very
large amount; and when the failure occurred, in or
der to put the whole matter straight and save the
reputation of the firm the house returned the Sc
curtes and forfeited something like GOO 900 ster.
ling. Old Sam Quincy, who lately fell Ill and died
in Paris always spoke of it as his death blow. Lord
Palmerston may have been afraid of sending another
bill broker to his account; but il is reasonably asked
whether henceforth il ia to be a law OF England
that in all Of disturbance of prices from panic
and misconduct, the government is to step in be-
tween those who would respectively gain and lose by
that panic to the benefit Of one party and the injury
Of the other. .
is that the cloud which has been SO long hanging
overhead has not yet burst 1t looks awfully threat
ening and all men, with bated breath, seem listen
ing for the thunder clap; but light WIND may even
yet spring up and disperse the threatened tempest
The accounts which reach Parisfrom Lyons, Rouen,
and all the great manufacturing towns, are OF the
most depressing character and every one-if not pre-
pared-appears TO be looking out for the worst In the
particular department of trade in Paris which has
been accustomed to look for orders from America,
there is nothing whatever doing; hands are knocked
Off and the deadness of all commerce communicates
dom had to speak of greater dulness than the pre-
sent Every trade looks moody and all seem to fear
that some terrible visitation is ut hand.
The Emperor seems to be thoroughly on the alert
and to know full well that anything in the shape OF
a financial panic would break his staff in his hands
The festivities of Compiegne have been brought to
close, and the imperial baggage has reached st.
Cloud. 1t is indeed, no time for junketing. There
is a soreness with England about those Danubian
Principaties: and certain observations made by Ma
poeon to the Emperor of Russia endorsed by him,
respecting the English difficulties in India are afoat,
which do not tend to improve the relations between
the two countries Perhaps the threatened panic in
the financial market may ultimately prove god,
send, by inducing spirit OF conclllaOn where pre-
viously something very different was intended,
There be doubt that the observations of Lord
D,Ip M 1a Tord Mav Apna ual
to the Emperor Napoleon though nominally to the
Emperor of Russia. Something of the tone OF as
cerbty at present prevailing between the TWO
governments Of France and England may be gathered
from the bitter observations which from time to time
are suffered to escape from that part of the French
press which rejoices in the government patronage
respecting the recent capture of Delhi which pretty
generally characterized as a stigma on the English
arms. Indeed, suspect that could the Emperor
Nicholas conduct with reference to the Danubian
Principalties, which subsequently occasioned the
Eastern war, have been viewed by the hght
of the quarrel with China, the mutiny in India,
and the utter mpossbility of regeneration in Tur-
key, not one of the great events that have rung
through the civilized world would have occurred;
the Emperor Nicholas would still have been the an
cent ally of England and the Emperor OF the French
have been left to struggle through his difficulties
as best he might. But the wisest are but blind
leaders of the blind. / do not believe the time has
yet arrived when really honest alliance between
two such powerful countries "a England and France
exist. Old rvalries are as fertile as ever, ma
tionally as well individually and it is much ques-
toned if Turkey which the cause OF fallacious
union do not prove the bone of ultimate contention.
It exists only by the rivalry of the Christian Powers
of Europe aud of will continue playing fast
and loose with after the other according to its
necessities. One day the Ministry Is French in its
tendency another English, and another Russian, as
its policy incines, and it will be very strange if it do
not at length excite bad blood between the various
claimants to supremacy.
In the midst Of much that is unfavorsble COM
B1vat,s
gard to China when-if may judge from private
letters which ] have seen. written by Sir Michael
Seymour, the Admiral, to his friends here-the Ce-
lestial Empire seems bent on bringing all Europe
about its ears.
The writer's too, on scientific subjects in
the Paris press have formed themselves into
a society called the I" Circle de la Presse Scient-
fque, for efiecting tunnel communication between
France and England. NJ. Thome de Gamond, the
protector, at the first meeting, communicated the
details of this astounding enterprise, which has all
the gigantic proportions of French theory The first
idea Of this tunnel it seems, originated with the en-
gineer Mathew, some so years ago. NJ Thome took
il up in 1888, while engaged in series OF geologi-
cal Investigations entered into for another purpose
1t was then he struck with the similarity OF the
soil on both sides of the Channel and upon closer
examination found that the chalky deposit-the
striking feature either side the British Channel
constituted a kind Of convex lens, hitting IN
concave one Of jourassic formation-that Is. COM
posed of the argillaceous and stony deposits OF
sea which formerly covered large tracts Of the west
ern part of Europe Well, not to enter into all the
scientific details this gentleman proposes to run
tunnel from Cape Gronez IN France to Eastware
Point in England crossing the Varne Bank in the
middle Of the channel. The surface Of this bank
raised above the level of sea- and the island formed
at one Of its extremties, is proposed to be followed
ont or pierced with an immense ellptical shaft 200
metres in length by 100 in breadth; the base OF this
hollow tower forming resting place for the trains,
whence spiral road winding its way mp along
the walls OF the tower, leads to the top,
where large port Is proposed to be formed, &c, &c
The limits of letter only permit me to add the esti
mated expense of this gigantic enterprise, which
suspect very few Of win live TO see accomplished
other than in imagination
Francs.
The construction of various islands "a 900 900
Piercing the tunnel ACKNOWLEDGEMENTS p. 900 900
Masonry ....................6 GO, 900, 900
Accessory galleries ..............,.2l, 450, 900
Branches of RAILWAYS .........,., 10 $50 600