Marshall County Democrat. (Plymouth, Ind.) 1855-1859, 1857-10-01

avowed purpose of bringing all the princi-
pal undertakings to ruin. Unlike those of
any other country, the majority of the lead
ing spectators of New York are devoted
to the task of depreciating national credit.
Whether this arises from the extent to
which American liabilities are held by for
eigners need not be disclosed large body
of active persons are known to be associa-
ted for this purpose. They influence the
press to work out their views, and are able
not merely to operate with joint capital, but
to hold regular meetings and permanently
to retain legal advisers, whose chief voca-
ton ii may be assumed is to discover points
that may enable the validity of each kind
of security to be called in question, and
thus create distrust.
g They are also said TO succeed, in a
large number of instances, in getting their
own creatures into control of companies,
ostensibly supporting or opposing them, as
may best suit their tactics In each particu-
lar case. Each new revelation of fraud is
hated as triumph, and suck directors and
shareholders as may show disposition to
take advantage of technicalities to defeat all
equitable claims, Instead of being booted
fro N the exchange, find circle of admir-
era. Of course this state of things would
end, or be greatly mitigated. if stock and
bond holders were to exercise vigilance.
In most instances the proceedings are so
notorious and the laxity of management SO
complete and long continued, that English
investors, if they had any rational agent on
the spot, could not fail to be warned. But
there is no London committee of American
stock brokers, and apparently no possibility
of forming one. Yet something should be
done if possible to remedy the evil. Some
persons will say the best remedy would be
found by an avoidance of American invest
mcnts altogether; but this. although ii
forms likely enough to be brought about
unless the respectable portion of the Amer
lean mercantile community can contrive to
influence public opinion, is not result
that any one anxious for the advancement
of the best interest of both countries would
wish to see take place. No field for the
employment of capital is superior to that
of the United States, and the sympathies
of business beget universal disposition
here to seek it. Under such circum-
stances it is deplorable that, owing to a
want OF concerted action among portions
of two communities, depraved minority
! should command all the channels of enter.
r prise and render confidence impossible"
A memorandum had been issued from
the Horse Guards, to the effect that gen
tlemen qualified in other respects NIGH
obtain commissions in the army by raising
100 recruits.
. meeting Of the Manchester Cotton Suppl,
: Association, Chamber of Commerce, etc
for the purpose of explaining the CONNER
cial resources of Africa. He said tina
country was well adapted for producin!
!. cotton, sugars, etc., and he proposed devot
ing the next few years of his life TO specia
efforts developing these pursuits in Africa
Resolutions were adopted calling on tn
] government to furnish Dr. Livingston wit
a steamer to ascend the Banbest river, An,
to enlist the Portuguese government in ia
!. vor of the enterprise.
. The renewal of the religious riots a
: Belfast had caused the government to issu
. commission of inquiry into matters, witt
a the view to punish the offenders and adop
y preventive measures in future The GOV
4 eminent promises prompt and vigorous &C
If ton. The Catholics of Belfast have organ
q lied a Gun Club, with view of armin,
themselves as protection against the vic
:. lence of the Orangemen.
e steamer Fox, at paul's river, in Greenland
!, : report the progress of he expedition, an
say that it has exceeded their expectations
:, and that the vessel answers admirably
The weather had been very severe, whlc
would have the effect Of breaking the ic
!, up and rendering the head of Baffin's Ba
: clear.
FRANcE.-The assemble Rationale re
# appeared on Tuesday, under its compulso
i ry new name of the Spectator.
Il The Emperor was engaged in militar.
n operations with the troops at Chalons camp
i 1t was said he would meet the Emperor c
= Russia at Stuttgart on the Goth inst.
=. = was also ramoIed that the kings of Prussi
# and Bavaria would be present at the meet
# ing.
:. Auguste Compile, Chief of the Moder
: School of Positive Philosophy, is dead.
N PARIS, Fiiday.--The Bank of Franc
70 returns show an increase in the stock {
70 coin and bullion of one hundred and twelv
70 thousand pounds, while the discounts hay
- diminished by about three quarters of
million sterling. The general position {
!, the bank is somewhat stronger.
n The Daily Nesos' correspondent write
IS that it is positively asserted that the Diret
= tor Of the Credit 1fo6ilier intend bringin
in an action against tie Times, for an articl
ie published by that journal with reference
| that society.
= The Council General Of the Departmei
Of Of Gironde. have passed resolutions in Fl
4 vor of free trade. Only two out of eighty
= six departments have declared them selve
l. favorable to this policy.
y SPAIN--Reinforcements were continuin
: to be sent to Cuba. Within a few days Az
: had sailed from Barcelona, and 800 frol
. Ca9iz and Malaga.
: AUsTRIA.---It was stated that differene
!, had arisen between Austria and France O
:. the Italian question, Austria refusing
ioin France In bAr efforts to nrOmote I'll