The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-20
FINANCIAL NEWS.

although speculative securities OF all kinds remain wtbout
recovery there has been tone in every depart
ment Of business Investments continue To be made bv
the public, and at one moment 9o1 paid for stock
The money market without excitement
Tnero tendency reaction 10 the corn market on
Friday, and fales OF wheat not have been presaed
except at decline of Be. 4s. from Mondav,s rata.
Lord. Berby Co., Of London in the Austrian trade
have suspended Their liabilities are ffG0O00
The fluctuations the Paris Bourse had been abou, or
cent which closed quiet Friday at 60f sOc for tho
three per cent?
On the eth says the London Daily Necs city article
the funds advanced closing with more armpess than h
been shown for some days The settlement vaa oom.
peted with only rifine failure The Stock Ex.
change may be said to have fairly emerged r,on,
the panic In the discount department Of the Banx
of England, on the 9th, the business was OF An ord
nary Character the pressure having subsidized Ia the
open market the demand Is very active, and only
the best bills having run are taken a. AZ per
cent? for two months the terms are g. and for three
montbs So per cent Gold continues to be Withdrawn
and purchased for the Continent. The fall in the Cont
nenia exchanges is checked The payment on the India
oan was promptly met notwithstanding the heavy dis
count quoted for the loan Out Of nearly million due on
Friday the default was only f24 000
The French loan Of Eve hundred million francs is
to be contracted BY national subscription. It's to be
three per oap Ssued cor 50c or four and half
per cent issued a 90f
TIE King Of Sardinia had issued decree giving forced
currency TO the notes Of the National Bank The Turin
Bank ID authorized issue additional noes u
the Of million francs and in return therefor
engages to lend the thirty million francs 1t
per cent per The OF discount here
after he advanced without consent OF the Minister
Of Finance.
Arustein Eskeies is the name Of the banking house
which has failed at Vienna
Money WAS 90 scarce Vienna that discount on drst
rate paper had advanced to ten to twelve per cent
The Bank Prussia raised ts rate of discount 10
FIVE per cent.
THE FINANCES OF FRANCE.
Translated from the Courier de Paris, May g. for the
NEW YORK HERALD
Juet az, IN battles, the troops WHICH endure tho
and with the greatest mpassibty under the can
mons bre the opportune momaut rush on the enemy
~hoee fourishne financial CONDITION permits it TO bear
without beng overpowered the heavy expenses required
by war; sure at the end, and outside Of any other
cause, 10 triumph over its rival.
Now, setting aside the UNIQUE stionable superiority in
useh MO the sons o, she vcscrs Of obtenoe hondov
and Marspgo, the enemies whom they are going 70
iace 10 tue aims OF Ionbardy Piedmont by tho re-
membusnce Of part victories, the assurance OF obtaining
once, the skill Of their leaders, and that furta
t'0neese OF which they gong 20 give new proos, "
positive fact that the financial CONDITION OF FRANCE WI
sul iaci ale their victories hasten The day OF their
Thu s PLAINLY demonstrated by the comparison OF tha
Of countries which are gong 70 war; and
Wi he shawn By entering into an examination Of tho
,esouy.es with the aid Of which the two governments will
b. enabled 10 carry on the war 80
The admirable cea,ness with which all the
6,sne,sj docu ments Of the French government
are recorded renders the present examination OF
,be condrion OF the treasury very easy II h.
IS stsreo by the Secretary Of the Treasury IN his re-
gort December H. 1868, TO the Emperor, precious
guarantee for tae country for good order in the finances
most SOL "a basis Of its prosperity and ts credit Il
savpnsee FOR the govern ut which ought 10 de-
SIRE nat m Impartial and control should enghten
public ornirn.
The 'oreiRu nations which may have thought that the
French bnnnces involved In debt and that the coun-
Try Exhausted by the expenses occasoped by the
.rrovsmeo,s in the capital and other large cee the adj
mrshe state N which all kept the rmds
be heue to which amy has boon increased and me-
large pnnbsr Of steamers OF feet convn them
selves o The contrary by looking at the French budget.
Tnsy viii see that since the i65 wnsp the ouoees
eeued with an cyerplus OF 3a4 100000, toe on1ge0
voted 20 az 10 bashce the WITH the receips
have no Increased toe pubic dcbs by renme
s'sLnp the large Of ths fasifra sar rnlcn
tNae e.en paid, and that they hsve all resulted are
ovs r0us o. receipts over eypshotaFe IaeY Val aso
learn that the finances Of France arc % solid sner mess