The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-17


pendent asserts thai here the people think you viii soon
GtIe rince Alfred come other member OF the royai
family 70 govern you ! am sure that no such sanli
ment Was expressed by any French people. your
correspondent may have heard thess things at the Eng
gish Embassy, but surely he did not In any Partisan
c,cics On the contrary, the people here have sense
enough to appreciate their just worth the demonstra
tous made by the American people upon the occasion
the yisit OF the Prince OF Wales They do not as asserts
your correspondent imagine them TO be aspirations after
royalty but the free welcome OF free people, who gene
rous receive the descendant Of former enemy and the
son o. a sovereign esteemed for her virtues.
The London Money Market.
(from the London Times, Dec. L.
The cessation of the artificial drain Of gold for the
Tank of France has been Immediately followed by do
mahd "a an equally abnormal, although relatively unim
portan, character for America The aiyces toAy from
New York Of the extension Of the political pano have
led the London correspondents OF various firms IN that
city to make shpments soveregns and gold bars by
the Europa which sails tomorrow from Liverpool for
Boston, and the Atlantic which is to leave southampton
on Wednesday direct for New York vii, probably alSo
morning from the Bank In London was about
go 600, and il is not unlikely that a larger total
will have been taken from tho Liverpool branch
In addition 100000 Of bar gold has also been
despatched The shippers of these parcels, looking at
Tho probability Of early reaction In proportion u the
violence of he recent movement, do not appear TO en-
terrain much idea that the operation will prove directly
profitable but seek rather to furnish their friends with
the means ot advanageousy meeting all contingencies,
especially as the latest reports mention that discount Was
not TO b. obtained under per cent per month and that
foreign bills Of exchange unsaleabe. The effect Of
these circumstances the Stock Exchange to-day
manifested only in slight depression Tho English funds
Of eighth The first quotation Of consols for money
was 035s " =. and the final bargains at 80 to
Tor money sS3s TO a. or s27 TO ~ OK DIVIDEND for the
10th of January Loans government securities were
IN increased demand at per cent.
The accounts from New York by the Atlantic to-day do
Tho money panic had at length reached stage
bling of the worst days OF 1857 but all the Lpfrng
commercial le eeoed 10 Dc d'odre " its utter goundtcss
~ 50 thai the alarm Tds by no means equal 10 the 2d
tion.
From the London Gazette, Dec. Evening
The Bank OF England returns for the week ended Wed
nesday last show increase in the bullion of E50324
the toa being UP fl3,s60376, bat f336 496 of this
from the receipt OF silver bullion from the Bank
France, for which gold bullion has be shipped in
turn but which must ultimately make the tota so much
less This ecycs the actual ncrsse Of the Banks stock
Of bullion EGG TAO The OF notes, which the
next item OF importance al this moment, shows an in
Of lcss than Ct 022 $50 which brings up the
total stock Of notes III hand TO Ct 1886 800 This LSge
augmentation Is due to the increase Of f442 OILS in the
pubic or government deposits, and fT6l ,2lS in the
other or private deposits together making Fl la ,
securities being bills under discount, &c, makes about
the amount OF the increase OF tho Of ioove
mentioned The decrease IN the active Circulation, or
notes out with the public, is f497 800 The official
statement Of the ment Of the metals for the
week ending Wednesday gives the following results
Total imports, t422 ,054 total exports, E373, 1856.
The bullion market is quiet Just now but there are
some shipments OF gold GONG forw Ird to America in
consequence of the fall the exchanges II is, how
important to observe that at the date OF the pre-
sent New York adv.ces they not of the rise
here il the Bank rate from az to per centa difference
great must cause surprise Further 1t may be OBJ
served that The fH in tie or exchange there cannG
La1g h maintained caused grc1n measure, by
drtiicial mans.
CLOSE OF THE MARKET. #@.
The market for the English funds presents fresh fca
ture and prices closed steadily at previous quotations
consols being 81 81 10 Y for money and account and Ex
chequer bills As. to II. discount. e
From the London Chronicle, Dec. IL
IN mn iQan adx hk he in nn1
ance, Of very alarming character, bat the recor6 If s
ectteent said 10 Jreru in the Southern Mates highly
clcred Nv ne distortion II iadn matters Of Jht in them
selves important no doubt, but which when magn.tcd
calculated mislcad and do mischief Tho 'panic
monger had been successful in checking trade, and
causing large fluctuations in both the stock and money
market, blt redction eTsced There had been
heavy fall in securities and the rate q exchange with
considerable strngency in money, the ordinary Of
bills being ut IL 10 Is cent The exchange for
chants drafts down low as los los; but bankers
drafts at 1857. run upon two banks hal
taken place. but every demand had been promptly met
The following letter received by Messr. Robert Benson
Co., from their agent in New York, will give very
correct idea OF the state Of affairs in America when the
Atlantic left
Os1IcK ILLINOIS CENTRAL RAILWAY CoxrASY,l
NHw YORK, Nov IL, 1860. \
GsST xNKS-Ihcre appears 70 be excitement in
regard TO political questions than at the date OF my letter
Tie the suspension q some Of the southern
banks has derangcd tho exchanges, and given thu
chants OF the different cities Increased nquetade touch
| ing their receipts, and required OF them additions
exertons TO provide against any contingency which
may arise IN regard to their future payments These
fears rather abang with the improvement In South
ern exchange movements
IN considerable amount Of specie which has gone for
ward 10 New Orleans has already induced market there
for bills New York; but AT Chicago aud other Western
cities desirable bills difficult W be obtained
high premium. Business 81 course much obstruccd
This sudden and unpleasant state OF things may
tnuc several weeks, and the movement u produce
to be checked maeriay-to the injury Of trafic
this notwithstanding through Cairo.
The falling of IN tn earnings in the first week of the
present month owing partly TO several days of rainy
weather and partly o. the attention Of the peope being
taken up with the election which employs time and
attention, perhaps than usual.
the unfayorabc slate Of the exchanges and the
tament IL currency continue, Il Will tend To impede the
business Of the conniry by decreased OF the
crops, and thus lessen gains from traffic this month
that any falling of should any shown at the
end of the mouth, viii not b. uaceabe to any want OF
Product but To decline IN prices and temporary absence
q demand caused by these conflicting checks TO the rcgu
lar busincss
Changes are, however, 30 quickly brough, about in
few days very often entirely alter their action that
may hope again 10 the wheels set IN regular
ton, and business relations proceed their
The scs IN the Land Office, To the 14th inst foot up
about ev0 900. and The collections about 50 900.
gentleman Just from Chicago, who spent day last
active numerous buyers OF the best class OF set
tiers, each wanting forty TO eighty Of land and
very few the latter quantity This In the very best
evidence have that the Land n wanted for cult
ton and for houses which 4 exactly what the company
wants ~ II viii give its road the needed traffic. The
THOMAS r. WALKER,
Chairman. Executive Committee.
Fashions for December.