The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-26

From The LondJn News, OF IA
yho return jur sued BY The Benk u Francs 10 chiefly
interesting ~ indicating that the monetary dtrr ,asos
which going The round OF the continent tas nov erscud
ed 10 The French market The consequences II seen In he
rise In the rate OF discount In Psrs from 81 b per
cent We believe hs, tne drain OF gold, which has led
during tie Azt month 70 red action u nearly Goo 900 In
utns un,l few days ago There can DO no dou d hi,
this exporianon OF gold nom france 10 intimately
nec'ed vim the inc'ese Of more than million nos
presented " the bills discounted. or tnh In.
crease nearly the whole hn taken place In Paris,
where . large amount OF bills have seen Great ID
and the prccscds RENTED 10 other continental States
in tea shape Of hard cash Additional evidence ,nn sucn
10 the nature Of tie operation Ia progress IL Afforded py
he net ma. The DaGx o. bins into, and tue Withdrawals Or
gold frcm The oans, SEA In simullsu sously
The feature which exo'ies chief surpr In Knssh OBJ
servers hat al me very time when ths adverse
baton we're pspaby arising IN seve-s psrn OF Earope
and when the severity OF tue American panic wss
ssgiss unve sal aiienton-tne Council Of me Bank Of
France stepped for-ad " announce ner readiness
eriend Their advances on g1vernment aud rail say
securities, AZ mater OF course, nearly ell the
french journals Who set nem,elve. 40 financial tho
Int ortuned The bank 70 loser the rats Of dkcou,t
70 per cent We, on oar part see IN this indication Of
The policy OF the bark proof that lh- spirit OF the late
respected Governor the Ccun, DArfout fsr pre-
aides heir councils Tue tina. tie dscson 70
len freely pourse securities adopied ia Go
ference 70 an expression OF opinion from nigh 1arer
encs 70 oonnrm me suspcos generally entertained
TO The real motives Of thai gcHismans -thdra-a from
q pos which he had filled ritn much credi. during
than quarter OF century True - Ito policy or
cons,uuy Gag ng that si osss the spscu
sa.e public, fresh ventures, the French pfess hs-
tsrerly reiterated The ASSURANCE ths, the recsnt
nouncemeni RON the bark fUmcd Only The com.
me scemeni OF = series Of measures tending 10 ,na
material relief ~ lie cveros1ed make, 70 re
nse The fact TIA, The previoug Of s,eculs
lion vas the Of hs prolonged stsgns Ion lately
vinetd and 70 pslni 10 The necessity OF csuGn EMIL she
Effects u thai materially mtsstsd woull NOT
81 the views OF Pssis entempofses sr of the Ies
titan specustors by vrori mary Of them inspired,
Thus 10 one auGter see seriorly s.atoi mat the
Bank Of France proposes 10 set apart for employment
lcaHs on BOarse securities sum OF ibo r,ua Of ffa1ci
or six ihcus sterling Az mount At prosen employ
ed Ia thin does not exceed G282S ,JOo due ne
sdln ghe .eeh OF sctsfor aa Bourso ani May
are the cuoses svhed the sdnnisus.cr q tbs bsnk
for Atr tnghtenca oocy. 0ocafoa 10 At the zane Time
whatever facilities they accord muu be per nsnent,
shd v point 70 TIE csief which wss inissd upos nu
1srOut rse Ar year, when tao lDaBs on s)css snd
Tres, amer beirg largely extended we're suddenly con
fsced In cur onon me primary csCse o. the msch 81
tomphped Of vas ne extension, not the subsequent Don
lrtcnon voulf be merit 10 madness FOR tna Btnk OF
snce under existing circn 70 make ssvanoe 70
,nytnirf hso the snoort named Indeed the PROBABILITY
that the council vii be comp eed periev during
heightened period 10 the more rsseni policy which has
1nst been nsusuyaied By the rise he rate OF discount
tx per otnt TIE motives which prompted them on
former occasons 70 njudicousy Increase their loans
u scvstors no longer exlss-t there IL al prsse1,
no great Tenon kan " be = facillxsd.r the Paris