The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-08-07
The Bullion Trade Of the World-Enect
OF the W mr. in America.

from the Bulletin of IArs, July I'll
During tho monetary crsis which prevailed some three
years the Bank Of France purchased all the silver
could obtain both in France an abroad IT indeed
at one moment overstocked with silver to have
son TO fear the necessity Of touching its II then
made an Arrangement with the Bank OF England to de-
posi-, with hfty millions of silver to receive return
similar sum in gold Thai contract scarcely
cluded when the news arrived that the with China
was ended and the crisis the United States took place
Gold Mas mted Tor America and also for Italy and the
bank employed that which 1t had procured. Mean
while China, instead of drawing silver from Europe
as previously, sent US considerable quantities
other hand, the expedition to syria drawing to
close, so that at the time the demand for silver
ceased and the demand for gold came active; and
this occurred al the very nom nj when the hank Of
France taking back the silver II had deposited with
the Bank Of England. Thus the metallic crisis caused by
through the scarcity OF gold coin Rut this side the
danger is less great owing to tho immense quantity If
gold coined Of late in all the mints of Egrope Gold will
continue circulation account Of its small volume aud
relatively high value. II is certain fac, that the very
persons who but yesterday complained Of the scarcity Of
silver coin are now greatly annoyed at having TO receive
heavy bag of coo francs in silver instead of convenient
roll OF Napoieons II Lycurgus returned to this lower
world he would find people just reluctant Ia his
cumbersome money to live on his dsagrecable black
broth.
The Hon. Mr.. Burlingsme Stin In Paris.
Paris tJay 23) correspondence OF London start
The American Minister for China is still at Paris await
ing further instructions before proceeding to the Celestial
empire II the post is not the enyiable AMONGST
those distributed by Mr.. Lincoln such Americans as
wished for diplomatic appointments, its occupant win
NJ least have the satisfaction Of being regarded
with narrow minded and undgnihed hostility such
M made the Austrian government reject the prof
ferred envoy, and BY doing remind Europe OF the
chastisomcnt inflicted by French arms and the hope-
lessnoss Of tho House of Hapsburg prodtng by tho
stern lessons Of experience. Tho absurdity of Fran
els Joseph's government in taking advantage of tho
American civil vent its spite Mr.. Bullingame
because he the first American Senator propose tho
recognition OF the Italian kingdom, is peculiarly manifest
10 those who are personally acquainted with the object OF
their fears and their hatred He Is person Of agreeable
mannersso frank and nnpretendng that but those
following the traditions Of the school Of ternich
could find in him anything of dangerous agitator In
short he Is the last person in the world likely attack
any government, unless from his seat tho Senate
House and the most unfit for the semi barbarous society
of the Court Of Pekin being refined much by
education by his natural tendencies.
But sometimes poor Mr.. Burhigaine might ask
his FRIENDS, well his enemies 10 spare him.
In notable instance tho former with the best inten
tons possible have been robbng him of his much priced
citizenship Of the United States. In last nights supple
inert to Gdligldais Messenger appeared the following
quotation from the London and Chinese TgroTh which,
with stroke Of the pen transformed him into MAZDA
rna least If contradictory sentence originally pre-
coded the quotation in queston:The Hon A.. Burlin-
game the newly appointed Ambassador to China, is the
most prominent Of the young statesmen OF that country
He is, &c" Certainly there something 1atter
ing in the Austrian stupidity which, when treating the dis
tinguished Senator Corsprator, cfassed him with
such celebrated political ncendiaes Cavour and Carl
badi