The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-09

unusual and their demonstrations not attenuea TO-
1t was no longer So They e1 tne%S thsr free aud
independent flag over every marketaoie SITUATION
throughout the world. Irregular though tney were,
they had "cor1 cred" all regular diplomacy: Their
revolutionary s'principles would on, conquering and
to conGuerS On behalf of the great American
people. as great community, he had vindi
Gated the honor of their flag: "The right
of visit and search was frankly and finally
meeting with delight the tidings being unexpected,
and as the chairman said, so credtable to British
"caDdor and fair dealing" The morality Of the
United States being proverbial, the chairman said
nothing upon the subject Why should he hang the
national morality his sleeve for Britishers to peck
at? The flag Of the United States would henceferth
protect any chevalier of the in his free and in
dependent trade When the minister had concluded
his speech young American gentleman rose and
put commercial girde round the earth in very
few seconds, showing clearly that America must for
her own interest, occupy good deal OF territory
which she does not at present occupy, and proving
also though not satisfactorily as we could have
wished. that England dourished chiefly by means OF
American capital After applauding these impor
tsnt political and arithmetical statements, the as
sembly dispersed TO consider them calmly in detail
and the public will doubtless do SO, and estimate
them at their proper market value.
Finaneis Prospects OF Enslaud--Is the Anglo
FkeLch Ahiagce Sincere
lFrcm the L. ndon Tines fCisy Article), July IL
The long continued inactivity in all descriptions OF
securities excites little public remark yet every one
is thinking Of it. The prospects OF the money mar
ket constitute, in fact forbidden topic, because
they rest entirely upon points involving political sus
capabilities. Is anything to be got by this silence?
If ashamed of our anxieties and feel that We
have ason to be So the sooner we extingnsh them
by bringing them out to open rdicnle the better H.
the contrary consider ourselves entitled to en-
terrain them shall put ourselves in more respec-
able position with the world by simple avowal to
that effect than by mean pretences of unc0ncern
fences spaept to every foreign nation as TO our
selves and calculated to weaken respect at the very
moment when it is most desirable respect should
be inspired. Is ii the case that the universal dull
ness and dstrust are attributable to offensive pre-
paraticns the part OF France: or can 1t be shown
in the first place that France is not making any ex
traordinary preparations; and in the next that even
if she were they might be viewed with the convic-
ton that their purport they could not have
any bearing ON the relations Of the two countries!
That the present state not only Of the stock and share
market, but Of general trade, IS seriously influenced
bp nsgirings as to the course of French govern
ment ,ciH it may be presumed, be denied oy no one.
The other question. whether any extraordinary pre-
paratons calculated to excite such misgvings have
been actually made, is still open.
According TO the positive ana dehberate
statement Of Mr.. DisraeIi, on behalf OF the
British government there has been nothing OF the
kind. That statement should really settle tue affair
because it is impossible for movements OF this de
scription to be in progress without the government
receiving some information. But unhappy, 1t had
no effect on the Paris Bourse, where prices almost
daily droop, although the Bank Of France has the
largest stock of bullion ever known; and It Is also
observed that the acts Of the cabinet do not pre-
cisey harmonic with their words, since they
admit the extreme importance OF attending TO
our national defences. They tell the people
that they may sleep as in an age OF peace,
and vet that they may as well put revolver
under their pillow. Of course the national defences
should always be attended to- but as 1t is scarcely
a year since nothing but the frmuess OF Lord Pal
merston prevented the only ships available for
Ipin leD
az transports tn Calcutta some strange alteration
must have occurred If is now necessary even with
these ships available to exercise especial vigilance.
At that time the constitution OF the Dannban Pfin-
cipalites and variety of other questions. remained
unsettled. Now, there is not European dispute of
any kind open. Meanwhile, our relations with
France which were then stated TO be only cordial,
have since according to Mr.. Disraeli, become conf
DENTAL How are these things to be reconciled!
Insincsrfy must be lurking somelrhere Either the
ornaments OF France must have undergone more
than ordinary increase or the recent statements OF
the Ministry 20 their sense OF what was requisite
for the national deences must have been made mere
ly for the sake Of pandering 10 the alarmsts Until
these contradictions shall nave been explained the
solemn averment Of Mr.. Disrael, that the supposed
cause of apprehension has no existence, cannot be
received with the conclusive force that should al
ways attach 70 government assurances
But there Is another party who support the
government view TO the entire absence OF danger,
without adopting the government reasons. They
admit that France has been making extraordinary
preparations, bat merely as consequence OF our
meddling policy in. the Mediterranean and else
where. France, it il said. that in that region
all counses to be effective must be backed by a
naval force. Let us leave Turkey TO her natural
fate and we shall hear no more of any overwhelming
display Of this kind. Whether 1t Is any consolation
TO be told that these ornaments are simply u ena-
BILE France 70 settle every European question accord
Jog her pleasure aud that 80 long "a they are
effective for that purpose We need personally enter
tain no disquietnde' Is q subject on which
Hitherto, with the Stock Exchange this
theory does not seem To have had much
effect. Another large section OF society are
perectly rtsed "a their insulat coDcet that Great
Britain II uDassalable IN any quarter; and another,
consisting especially OF the admirers OF the Credit
Mobilier and all kindred institutions, are equally
fortified by the conviction that the thought OF war
was never less entertained than at the present
moment, and that the world are about to witness
a fact never yet presented in history OF a pre-
dominant army aud navy voluntarily upholding
the Bourse above the camp. Sal. looking at
each of these an turn there IS nothing lake
a feeling Of reliance 10 be obfainsf BY the CONNER
ciai community OFT Of any one Of them.
Ii il coinfcrt 10 capitalists to be told that the
European sky Is more serene than az any former
moment IL they To find from the estimates
that this pacific state Is TO he accompanied by an
experditufe equal 10 tina, Of approaching war.
Neither does il quite satisfactory 70 accept the
recomn encation TO leave Europe TO herself AID rely
that we shall then however small may be our force,
exuerience nothing bat frendliness. Again. people
with goods in warehouses and Australian gold aud
China silk upon the find difficulty In resting
upon the alternative doctine OF our impregna-
bil'y; and finally. the woudbe investor 10 stocks
or shares experiences equal hesitation when
he looks at the quotations OF the Rentes, in
relying upon the promise that no policy will
ever he adopted In France but such ~ shall be
consistent with the interests Of the spectators.
The public want to know " this condition OF I'M
certainty is 20 go on forever. In France any
analogous causes Of disquietude could he dealt with
Nv putting the circulators Of unpleasant reports
into prison; but In this country men may assert
whatever they please provided IL involve outrage
on public morality there Is way ~ counterac'ing
such uneasness except by logical means. " people
choose tn invent stories of wonderful works aud
Notifications at Cherbourg, Toulon, Marseles, and
elsewhere, Of 5000 additional men being suddenly
employed at Brest, Of angmeniations ~ the Pacific
feet and the doubling Of the Newfoundland
squadron Of Algicrs having been made second
Sebastopo Of Civta vecchia being strengthened, Of