The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-07-11

mercial "criss" In America terminated the intelli-
gence still received by every successive mail from
the United States reports the continued existence Of
stagnation and distrust among the circles OF trade
and enterprise. It would seem that on the other
side Of the Atlantic there are more serious obstacles
to a revival Of activity, even when the period 0 mo-
notary embarrassment has passed away, than one
experiences in the old countries OF Europe, This
obstacle if we trace the sequence of cause and effect
through the commercial system Of the United States
is attributable mainly to the enormous extension
and multiplicity Of local banks in every district OK
the Union.
The London Ne,cs of 2lst of June comments thus
on the position Of the Bank of France:-The largest
accumulation of bullion in the Bank OF France ever
known took place in the year 1851, when the total
reached f22 74S, 500 sterling. The sum now held is
only about two millions below that extraordinary
amount; yet, apart from little superficial activity
in the speculative world the great commercial inter-
ests of France remain almost unprecedentedly de-
pressed.
The general prospects of the French market be.
come still more anxious II credit IA to be given to
such statements as that lately put forward by the
Journal des dictionaries, which estimates at be-
tween f6S 900 600 and f72 900 600 sterling the pro-
babie cost of the POI kilometres of railway which
have been actually conceded and still remain to be
constructed in France.
The London Times of 25th of June in an editorial
on the future government Of India, says:-India is
to be worse before she can be better. When things
at the worst and hope itself Ia gone, then Eng
land will renounce the false ambition OF governing
two hundred millions, and aspire 10 teacn 70 tram,
and to emancipate them.
The Hamburg correspondent of the London Post,
writing on 2lst Of June, says:The first meeting OF
the Conference of those German States which have
an interest in the navigation of the Elbe, was To
have taken place here on the l4th inst but it was
deferred until the l7th in consequence OF the absence
of the representative Of the Austrian government;
but as that gentleman had then made his appear
the deliberations commenced, and 1t Is much to
be desired that the result may prove beneficial to
the important commercial interests concerned. That
it is worth looking into it might be considered suf-
cent to say that the sums thus illegally levied both
on the river and the railways since their opening,
as compensation to the interested States, little
short of the annual of 900 900 thaers, nearly
ESQ OOO-abou four times the amount of the Stade
dues.
A letter from Hamburg, of the 10Th ult.. Says
An express train will this evening convey to Vienna
five millions of marks bancO in silver bullion form
ing the second half Of the loan OF ten millions which
the Senate of Hamburg contracted with the AUS
trian government. 1t may be remembered that the
first half was repaid several months ago. The city
of Hamburg has thus freed itself before the period
fixed from the debts which it contracted during the
crisis.
The fashion of crinoline has received a severe
check in Vienna, where the actresses Of the Carl
theatre have been prohibited from wearing it,. This
was rendered necessary by the fact that an
actress, who, in the character OF an orphan was To
have tainted away and fallen to the ground, foundit
impossible to realize the latter idea with anything
bound framework.
Berlin letter of June L. in the German Jour-
nal of Frankfort, says:-We learn from a good
source that several Russian shipsofwar have re-
ceived orders to leave Cronstadt for the Medterra
nean II is stated that they have already sailed.
Should this news be confirmed, there can be no
doubt that these vessels are going to the Adratic.
The French Governor of Algera has paid visit
line from Maison- Carree to BoufIarick Indepen-
IDENTIFY Of the soldiers, there I'll prisoners from
the Algiers division, who work In the gangs
from Birtouta TO Bounarick In all, the effective
force will be about 900 prisoners, In addition TO the
army the exact number Of which has not transpred.
Advices from Tcheran are dated May 30. The
yonng Prince the heir to the throne OF Persia, was
dangerously i'll.
A grand diplomatic dinner, given by the Sultan,
on the I'd of June exceeded in magnifcence any
thing of the kind that had taken place at Con-
stantnople. The Grand Vizier presided, having
his right the French ambassador, and his left tho
Persian envoy. The Greek and Armenian patrarchs
and the Catholic Archbishop were present, as was
also the Jewish rabbi To whom the attention paid
of his having table prepared apart for him. Before
the dinner, the guests were received by the Sultan
BY way of Constantnople we have news from
Gambia to the 9TH utmo. IL seems that the insur-
gents have accepted the favorable conditions propos
ed by Ahmet Pacha, and that peace has been
stored through his concilatory and humane terms.
letter from Athens states that peasant Of the
Peloponnesus, while lately digging in a field, found
markaby fine execution. One represents Apollo
bearing Tyre, and the other. handsome young fe-
male. They both appear to have belonged to the time
OF Praxiteles.
ltics in which 1t concludes that the Ottoman En-
pre ought TO be allowed TO work out its destiny,
free from the interference OF foreign diplomacySin
other words, IL Is eager TO the inheritance OF the
sick man" In the hands OF the socalled Christian
population.
The Paris Consfitufionnei-speaking of the new
Senatus Consultum, by virtue Of which ministers.
grand officers of the crown knights grand of
the legion Of honor, French ambassadors, senator's
and councillors OF State are TO enjoy the privilege OF
being tried for crimes and misdcmeanos by special
tribunal, called High Court OF Justice, instead OF
by jury-works itself up to such pitch OF official
enthusiasm 10 describe the zone of the
most important laws which was due TO the imperial
initiative"
The London Times Paris correspondent says:-At
o recent meeting Of the shareholders OF the Credit
Discount Bank Of FROST Co, ". FROST appeared
and supported proposition for the reconciliation OF
his original scheme OF the Federation DIES causes
DEsoomfe, by affirming that his friends had offered
70 back him for that purpose with five hundred
thousand francs. IL the Offer accepted he would
undertake TO give the shareholders in the old bank
rpt concern portion OF the profits arising from the
new speculation.
A man named Leger Feue, carpenter and poet,
has been tried for an insult TO the Emperor Napo-
leon. On Easter Monday he accompanied the
fraternity Of carpenters of Chartres in procession
which IL Is their wont 10 hold that day, and after
dinner he sang rbald song Of his own composition,
entitled Confessions Of the Emperor 20 the Arch
bshopof Paris" The Chsrtres tribunal sentenced
him to three months imprisonment. The govern
ment, not thinking the punishment severe enough,
appealed minima, and has obtained q judgment Of
twelve months.
The Paris Monifeur Of the 2lst ult. contains
In little OF it, fifth page article OF four
lines which is Of considerable Importance; 10 runs
thus:-The lioniteur omitted yesterday to state at
the head Of the note published on the hospitals of
Rochefort, that this document proceeded from the
Ministry Of Marine and Colonies. The meaning Of
this Il that NJ Delaugle, who inserted these lines,
does not share the views entertained the question
Of the conversion Of hospital property by hs prede
cessor General Espinasse, or by his colleague mo
Minister OF Marine. These few lines will add 10 tho
popularitv NJ ha Mnisfor uf the Interior.