New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-14
FRANCE.
From Our Own Correspondent.


PARIS, Oct. %, 1867.
Delhi is taken; the New-York banks have sus-
pended specie payments There two facts, ampG-
fed with details and comments are the st,ple Of
news and the absorbing theme in conversation and
the journals Of Paris Events occurring at the an.
tpodes take rank in interest with and even before,
those happening under our eyes Sach token Of the
solidarity" of the nations in modern times is, in
itself, note worthy. In the present case the sym
patty is stroog, for it in twO-fOld-moral and Pc
cuniary. The Tvs from the East cheers the Eng
lisb Exchange; the news from the West casts de-
pressing gloom over it, the French sensibilty Of
the Paris Bourse is correspondinsly affected.
The febrile papitatoas of the Paris BOurse are
also caused in large part by French internal Pc
cunary affections. Here, % in most other civilized
countries, the revulsion has followed the industrial
and financial exsggerston of the past few years.
In Paris ITSELF however, the merchants are said
noe TO feel the pressure 10 severely as In Havre,
Rouen, Bordeaux ard other provincial towns. Still,
one large French house, dealing largely in dry
gods with America, and one American house, have
failed here this week. Others are trembling. Pc
ttions from the Chambers of Commerce Of Hsvre
and other towns pray Government TO order the Bank
Of France to Suspend specie payments, and to give
the notes Of that institution forced legal currency.
These petitions quite generally approved BY the
commercial world in the Departments and in Paris.
Private bankers, since the raising of the rates of
discount by the Bank of France to y per cent-a
rate never before demanded by that bank, and, pre-
viously to the notifications Of its charter granted
last year. in violation OF the law intoTest OF 1871
Are recurring a repeal or modification of the said
law, that they may have the same privileges as
the central Bank. 1t is said that Government will
not grant the petitions of the Chambers of Com.
MERGE and shows itself unfavorable to the wishes Of
the private bankers. Its action, however, in refer
epce TO the suspension of specie payments and
forced currency of bank notes. depends on the future
increased severity or alienation OF the actual pres
sure The equalization of the position OF private
bankers who are for the most part far as lending
gees, only discount brokers or Intermediates be-
tween merchants and the central Bank, with the
position Of the Bank of France, which, so long as
the interest law Of 1907 exists ia exceptional in its
privilege, will very probably be the object of future
consideration by the Minister of Finance and the
Council Of State.
After Delhi and finance long way after, tongo
interrauo ia real public interest-cOmes that inter-
minable question Of the DaDubian Princpaltles. 1t
il the publcists rather than the public who discuss
it, not that they greatly care about it but because
il is always at hand-as we talk of the weather. 1t
is only nOticeable-to private eyesthat the members
of the Anti Union party, England, Austria and Tur-
key seem TO maintain their petition more boldly than
| they did few weeks ago when England, the head
and front of it, was sOmew hat cOwed by the dreadful
| news from India, and therefore, the more succum-
bent to its Imperial ally, and sometime guest Louis
| Napoleon. Austria, accordingly, plucks up again
it's hsre.lk courage, and the poor Sultan who Sc
| timidty is more excusable, takes again into his
Cabinet Redsbid Pssha the ablest of Turkish states
men, and the fast friend of Strstford de Radcliffe.
| The German journals claim that the Gar has sud
denly, ard since the famous conference of Stuttgart
perhaps at the immediately following conference
Of Weimar--dscovered the revolutionary character
Of the Unionist party in the Prncipslites, and re-
| lnquished his Union policy. The new Paris Con-
gress will probably meet next month to settle this
question Of Union The very decided EXPIRE ssion Of
opinion in its favor by the Pnncipates themselves
will have, of course, but secondary weight its de-
| csion. Another somewhat Important question to
be discussed ON that OCCASION will be the conduct Of
| Antria, which has been and is doing its best to
nully the 18th article of the Treaty of Paris, guar
| anteeing the free navigation Of the Danube.
In the Austrian Cabinet the pressing question
still is, shall the army be reduced The condition
of her finances, getting voice through the Minister
Oft hat department, urgently, beseeehingly cries
ies; inc Olmster Ci war and oil the INFERIOR, pOut
ing to her well-armed neighbors and to Hungary
and Lombsrdy, authentatively about, No The
Gar, meantime, safely and economically, has jus
| deered a large reducsiOn-fve eiehths, l. g., $50
bsttahons Of infantry. SO the Berlin papers ssy
1t is added, that this reduction is not merely tenn
porary measure, but is in consequence OF great
permanent modtcatit Of the Russian military sys-
tenn. 1t scccrds fully with the Czsrs policy as re-
veaied by bis acceptance Of peace on terms offered
by the Allies. 1t is the sound nineteenth century
poicy-hify years in advance of the old tradition
sry policy Of bis father, the essential dogma Of
which is, that countrys strength hes in its indus
| trial force, net In its military force. The king of
spades is stronger than the king OF clubs: now that
wise calculation has taken the place Of blind senti
ment the king Of hearts is an iupossbility; the
brightest diamonds of the crown 80 Alexander seems
to have wit enough to see, are the wealth of the
people increased by fostering and protective laws
In Prussia, official bulletins tell us that the old
King is out OF bodily danger and in the full enjoy
ment of III health. His brother, the Prince OF
Prussia, is now Regent This Prince Frederick
William Louis, 90 years old next March, is father
Of the Frederick William, heir apparent. to the
Prussian throne, who is to marry next January the
Princess Royal Of England.