The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-24
THE AMERICAN CRISIS IN EUROPE.


Clouds are gs'hcrrg rapidly on tho financial hoyz,u.
II but ZOO evident has ,he value or N ,ney has ouonoa
s ove., point FOR .he presee. ear, and thai
ne eve OF sn unfavUable change With Tho srg,e OF.
cecn Of Paris where ,ns Council OF ihs Banh Of Frasoo
corsser themselves uaed In incys Asias lholr oAna
symptoms Of monetary disturbance nsa,ly sn over lho
Continent These poms bes anifot theuaslyss
10 decided orm so or hres weeks ago. aud have darsg
especially Observable In Gernsny, which st suffering
from the consequences Of oc 10 me az
three yesr The mania fer new underahlrgs has chiefly
taken the direction -f~sys and banks The lacs being
railway prr ss sss sosn 30 sIrsvsIau,y our Of p,opo,
lion 10 The means al thai tbs ses5s Of pro1nsed
s,ac,ny have ss .oss' soa mere every oosoiy
% s.c'1si ~ = On 81 ,r'su.iy .jn p,a, ira ooasisrss.
veus coriir entail ,vemsn, shisa pci pace seous ms
season In lhe yes 1858 end 1888 Ia all lhs sevmsn
week. Al b rim the rate q discount il nos ex pc-
cent; q Hansurs, PER mt; and ~ FvanG'ovt, pcx
cent Ihs,e can be Lite doubt that . corrsspoaG
ether foyesn cities, including Amsterdam vhers the rao
stands ALREADY a. ave oen unusually high qoos-
viii Escape The hnasnoe for the Baak OF Franco ha.
found dfcuy In fee,ny no i.s IL Of bullion oven bv
ihs r of the Conraept Offers higasr ,s, me n, osrsI
In he automn Of 1866 and 1886 snilsr mcvencnto 90
the Continent cauad ihe Rsns Of EaGissd 70 Zoo
fate OF du count ~ siH cent ard uJusr4s wse
resson 70 doubt Ma tbs usut viii be aTNn whneusd
here end for Ahous some " tbs esoour-
ssrs feaiures Which wsrs preeensd 81 Tho 40 peroin
refc, rcd 70 happily sbssni-tee aspect q aars
10 In oifer rupecis Gee dtdly com cslci II ID ovt
mMhes, especially lerovsh We Increased ssd nsvnabie
demsnd for funds for siaie purpses Governmens may
abstain - lor . possible nem pres,Ds re Esss iadls
cssly TIE me effect produced upon moaoy mashea
By me ssrc entered into hy The Bss Eeglasd n
'orp Spsa s. .soary ot Ids s.nS isa,.a m,
perioss VII be o. opinion that Ian In TIC open
srcissd in really far less asiassinr 1ts lsn,erss.
. public osn tends 70 draw moaey from 4 vsr,St,
o. eOu,ess, whilst By eorro.Ins dIrs,s from NO
ser, extent ppoo The ;spd available for genera con
ncreisl purposes, srd lss contributes In an n ,ostans
srspsct thai The Fast rusia opmpsnv are part,snls,v
ssIcus svo'o, possbls Me reoessy Of cAllss upon
he Yah govern nert for aasacal asssisuce me real
mosl,ee OF THIS reluctance obvious; n no pdthh
tovevnment place the purse slrpss Of NE rsuoa 81 he
shpesI o. the hdian srlhovues propc ss for rsaisi
snssse we Cskm o. indian ada ainsirsuco ~ rrocs-
Beth addition 70 tss elements o. dsiurosoce avclsed
s.ps ,na IN s.Ss0s s %0'sy ss, 81 s.,s5
hc expenditure incidental NE Iasan war, Ne
snenoinr monetary Lsr.o 10 tbs United ssios sun-
ssssd Of our rscevips gold rrcm America, ~ ve have
been accustomed /, 40 for ysars pat "a eeoomiss
Tor the fan in the exchange % e,naidsseie aisss
70 allow Of Me orcrsiior TITS obvious hss ~ We pre-
enccupsed ID Nes orb below Is 70 ~ per csst pss ao.
nun asd vhtn there actually premium specie q
some OF western cites sery cr1ffon uSl u xads ~
Ir.evscdn Aoss posJn ne pdtss u ofth6 den 10 nss
ocurfvv and % aYati caBtnL ErssA fy~s ul hie,v.se
w,y,cdn ayttn al s;h eryaoriiHary Meh ross Al me
A ne mpw Of British Ids 9th greatly ohers 81
and shpmsnn OF Amercsn produce samula ed-H ssces
sary Al reduced prices 40 consderabs am uut az Aue
ricAs railway and other scurues sso being sscybed
By Esssh nvestcvs ~ the depvecated quo atlous VII
be or prudent 70 coh fcy prccsgsd depressl.n Of e
between Am erica ani Eseiand Al rhlladepa
md Blrmore peayy tbs -hc Of NE banAs have srrysd