The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-09
FINANCIAL AND CONNER GAL

Be dismissed.
FINANCIAL AND CONNER GAL.
TUESDAY, Feb. S-6P.M
The foreign the chief topic of conversation
the street to day is of such character that be
Interpreted either way-favorably unfavoraby-to suit
Me wishes Of the interpreter Those who wish for bad
dlate upon the movements; the assembling of
French troops the Piednontese frontier and the
African shore; the marriage OF Prince Napoleon and the
political motives which underc that singular step the
astonishing candor with which the OF Sardinia
has warned its subjects to prepare for war; the fermen
ron among the Italians; the danger of long peace for
the imperial government of France, and certainty
MAI sooner later the Italians RISE On the other
band parties who interested the preservation Of
Me aata quo disbeieve the ruuors Of war and aude
rMmphanty 70 the increduly Of the leading organ of
British opinion; 70 the poverty Of most of the European
governments to the absence OF any plausible ground
hoettes between France and Austria, Piedmont
and Austria to the great works of improvement in course
Of progress in acknowledgements in the shape Of rail-
ways, &c, in which large of money have been
invested, and which would OF be ruined by host
ties 70 the vigorous effective measures OF defence
taken by the Austrans the proverba noisness and
snreliabilty Of the Italians The rise in the funds con-
nIns the views Of these theorists the fall in cotton
regarded confirming the views of their opponents
without undertaking 10 reconcile the theories or to
choose between them, may observe that this crisis
NJ which the prudent act with peculiar caution
and VIII AVOID any undertaking when european
would be likely TO render Improbable possible that
the clouds may blow But the contrary is
possible and man. under the circumstances, safe II
his business in such condition that between
xia and Piedmont would embarrass or ruin him.
Il may rot be out Of place here to notice a common
hlscy and which appears TO pervade many other.
wise sound minds. is frequently said in Wall street
Mat European would be beneficial to this country
In this faacious proposition there is semblance of
FEASIBILITY, for the nations Of Europe, ALL fel
70 fighting furiously with each oher and fought on till
their exhausted and their population deci
masei-as was almost the with France lsl5-t ia
quite likely that at the end Of the struggle, the United
States, which had kept out Of the melee would be the
strongest Power the earth. But needs argumcn,
10 show that such nternecine is here pre-
sumed could never by any possibility in the pre-
sent age. The necessities Of commerce would put end
10 II long before any Of the nations engaged
hauated The mischief done TO France, England and Rus
~ during the Crmean war comparatively moderate
yet it is well known that all parties were
resolved at any cost TO conclude peace after the fall OF
Rebastopol Exhaustive wars, like that between Rome
and Carthage, cannot occur in day And is obvious
Mat all other Injurious, only the Powers
calIy or otherwise, with them argued though,less
~, that between England France for instance
would help because the belgerents would both need
our corn and our cotton and capitalists in both
would prefer securities TO investments In the
lhe begerent nations. But plain that people would
not consume any the cotton because they
went 70 war. On the contrary, impoverish ma
sns, France and England, at with other would
bs able 10 take less Of and cotton they would
A. hi osb~-
NE valuable their business is us anything which
mpovershes them must iDure us, just the failure
~ . merchant Injuries his creditors and the persons
who purvey to his necessities and make money
by supplying him with goods and merchandise. Az TO
securities, doubt In the event of great European
war timd capitalists would prudentIy invest some
Of their money the of country not involved
10 the contest and out Of harms way But other
haad, is the mother Of debt, and any great war in
Europe would flood the European money markets With
cheap public securities, which would only supply the
general demand for investment but might actually cause
many persons TO sell out their American stocks In order To
Tenvest At home During the Napoleonic war British
conso fell 70 TO- At this price they would be formidable
competitors, in the British Market for any American &C.
curities
There was no animation at the stock market this morn.
ing The appeared conflicting that neither the
bulls the bears showed any active desire TO operat
fTces were on the whoie shade lower New Central
whose directors will probably declare per cent dividend
20 morrow, declined per cent The conviction that
ihe dividend has not been fairly earned general among
railroad men and in the street. Is difficult 10 under
stand the motive which this great can have for
pesseveripe in policy which be runous 70 the pro-
perry, and which deceives one. There was another
break down in Pacific Mail to-day. II fell about four per
cent, osasng r. In the morning much ~ four Dor
cent Was paid for sixty day sellers option There ap
pears oe nothing new in the CONTEST but that the Com
mooo1e gong 70 persevere establish rival line no
one now douots Rock Island the most active OF the
railroad stocks today Several thousand shares were
sne'ed for sale this morning, and we're taken without
material decline Thus far the railroad earnings IN ,hs
West show no recovery The closing prices were Maour
s4k NJ Central, s2ka n; Erie, lax x. Reas,nr
lsKa NJ Michigan Central, 4ox x; Southern. rusyon
iced, 4bK X; Panama, 116X lie; Illinois Central,
COX 81; Galena, dsKa q; Rock Island, ssXax. pa
cinc Mail, RIA n. The market closed inactive
The following was the business Of the Sub. Treasury
~ whcn from customs. ...........,... LOG nO0 on |
N winch on account OF loan. ........... 2l5I3q "a
rnymepw> OBSERVATION-DISCLOSURES. 273,502 a.
As" 49, $50 ,b49 80
me exchanges at the Bank Clearing House this morning
were ,29s, 74e 40, and the balances 81 ell
me Third Avenue Railroad has declared dividend Of