The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-04

some of the manufacturing towns Of France such as FL
that there not enough pay the workmen WITH
and manufacturers obliged 10 pay them in groupsin
other words to give veor six of them gold piece among
Cem which they must afterwards change into silver
The great establishments buy small silver coin Of the
Tail dealers premium, just premium used former
y W be paid on gold.
PRESENT POSITION AND POLICY OF THE BANK OF
FRANCE.
From the Paris Steele, Oct 20
The Bank was not established yesterday has passed
through many crises, and Is fourishing than
But read its history, shall see whether II al
by Of an increase in the rate OF discount that
resisted the crises These repeated elevations OF dis
count in fact Of much more recent date and many
merchants remember TO have seen the Bank OF France
maintain its discount at cent when the Bank Of Eng
land had fixed its discount at much higher rate and yet
~ prosperity not affected The measure Of which
commerce complains is severe than usual,
and it derives from special circumstance a veri-
table social gravity. The new law permits the
Rank Of France TO raise It's rate OF discount; but
the new law does not derogate from the prin-
ripe Of other laws regards the interest on money
The Bank can lend at 81, per cent bat bankers
arrive TO manage, in order TO make their customers
pay legally the interest demanded by the RlnkS
suppose they tnd the means of GLIDING the law
and Of violating the enactments relative TO the IN
Arest money what perturbation that would make
social relatonsS such man was usurer yesterday,
and such worthy Of being prosecuted but at present he
longer Pascal said in speaking of mountains:
"whai truth side is falschood the other But
this ii Is not mountain which separates truth from
error ii a single mnute-that which suhccs for fixing
Of discount Of the bank. AT such hour 1t
- mucl-t is 6Is-at such hour a money lender
was guilty usury and he is though he lends
still dearerY But let us make very great concession 10
those who contradict let admit that the Bank Of
France, established 10 supply the wants of French
and French credit has other OF protectiog
~ interests in October 1857. in the midst Of peace and
commercial prosperity than that OF raising its discount 20
81 per cent; that N TO say demanding from merchant
borrows 5000 nearly l00f per year for fe service
Admit this and what does proven Evidently that the insti
buton l. bad and must be reformed We demanded
reforms when the privilege renewed, and they must
be made some day. bank which charges such a high
interest not in harmony either with the wants Of mo
Aern commerce with those Of our social state.
TRADE AND MANUFACTURES IN FRANCE.
TParis oct l9) Correspondcnces of London Times
Iaiiuded last week the difficulty experienced by the
mercantile and manufacturing classes Of Paris in obtain
ing cash payments. The resolution come 10 by the d
paper from 10 "a percent has not improved
lhrn position. They have accepted the measure, how
ever, without much complaint prcferring, no doubt,
Comparatively high price for accommodation rather than
that period for scounable bills should be shortened
The retail trade has 1srd during the past week A
s.nsaerablc uuuou 0o1rsans, aud of Foreigners who
habiualy reside hcv1, levc returned for the
winter and the demand ~ warm clothing, OF which the
necessity Is gradually making Itself felt has grown brisk
The dead season has lasted longer than usual.
IN, Lyons and ~. EieHns manufacturers congratulate
nemseirss harino receiri few orders from M Unot
o M commercial crisis uhch has ocdsi0nei 50 much in
;ury the chf toicns n the Tnon The last advces from
New York announce that French silks we're selling In that
city at from twenty five TO thirty per cent under the ma
nufacturers prices az Lyons and s. Ecnne consequently
shopkccpcrs do intend 10 send orders to France
until improvement takes place
Large orders received IN the Of last week
by the manufacturers Of fancy articles (dci,s d. Pdris
from 81 Petersburg and other towns Of Russia. similar
orders u confidently hoped, viii be received Ia
greater extent fc notifications lately introduced into
lhe customs arif Of that country win multiply the com
urrcal transactions between Paris AMI - Petersburg
The consequences Of an abundant harvest in
Add felt throughout France The price - bread hns
Fallen to II the pound loaf In Fairs and 70 Il
several ~ tho departments. and these believe,
che ordinary prices in plentiful years. There
Further fall In the market last week Prices firm
but th0ni any appearance of rise. The oerS
81 wheat for sale less n the last Paris
market The farmers resisted further reduction. and
cres remained nearly the same "a during the previous
ssecks namey 3lf the 12o kllogranmcs FOR wheat Of
,hs ayst quality, aud from 2sf. Jot for other de
s.rirtons In the markets of tho central depart.
u,cris quotations lower, hut were firm or
higher in the east AMI IN Alsacc, where purchases
were made account of Prussia. The ship
up prices at Marscliles. Hard African wheat has
ren there from 3If the &c leo tres 3Jf Soc
arrears that saturday last the market nj
not oycrstocked, and that prices remained nrn without
variation from the previous week.
Although a large quantity of wine has arrived at the
qualities nor any important reduction anticipated dur
nr uIe present year. An Improvement has taken
rlaee in now wines IN the markets whore prices
Sad fallen odd R0.silun, which sold In the country
cf,rr the vintage NJ T5f the hcctore. brings s0f
and ISL nranaies also looking up. Spirits 81
distilled from beet root Is quoted ~ LOST the hcctore in
rart and iOlf at lille The dscrs in the north, who
All auprchensiuns account of the good vintage
now more confident they learn that the wines or the
presen, year will be kept for drinking from their supc
r,or quality.
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