The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-10

sOA WAL VIC OWN Suu pOtCut WuoucVcI Iu0 OC'
casion shall arise. And having completely set
tied her disputes with Central America, and re-
covered her ancient influence there by q show,
at least, of magnanimity, the feeble republics of
that country will not be slow to ask her aid in
their behalf whenever an attempt shall be
made on their territorial integrity. These are
circumstances which the managers of the new
Southern confederation will not be able to dis
regard in framing their plans and fixing their
exterior policy.
Stock Gambling In Europe and Anne
rica-Thc Mires Frauds.
The arrest on a charge Of fraud of NJ. Mires,
the well known Paris 6nancier, is an event that
demands some notice. This person was the
founder of the great banking establishment
known as the Caisse Generate de Chemins de
| Fer and held the contract for the last Turkish
loan. The Constantinople bills accepted by
him, and falling due on the goth and 2lst of
last month, amounting to about 81, 100000,
all went to protest. The French government
| is involved in his transactions, and will pro-
badly have to assume the liabilities arising out
| Of them. To protect itself it has thrown Mires
into prison, and sequestrated his assets. As
in the case of the defaulting banker FROST, it
will squeeze cut of him all that is to be OBJ
tanned, and then hand him over to the law, to
| be dealt with in the rigorous manner in which
the French courts usually deal with such Of
| tenders.
Although the delinquent will no doubt be
proved to deserve whatever punishment may
be awarded him, we question whether the gov
erpment is not equally culpable, in view of
the temptations and inducements which it held
out to him. The Emperor is surrounded by a
knot OF needy adventurers, like De Morny, who,
in order to enrich themselves, have procured
privileges and concessions without end for the
unprincipled stock jobbers with whom they are.
in league. There is reason to believe that the
Emperor himself in his early necessities was
glad to profit by the operations of these specu-
lators. The exposures threatened some
eighteen months since in connection with the
Credit Mobilier might but for their suppress
sion by the Minister of State, have given us
the clue to this Mires business. As it is, we
shall probably know no more of the facts than
that the affairs OF the defaulter have been
wound up by the government and he himself
consigned to q place of safe keeping, from
whence it will not be prudent for him to
speak.
In England we have witnessed, within few
years, similar fragrant examples of financial
and commercial Generalization. The frauds
committed by Hudson, the railway king;
| Strahan, Paul & Co., of Lombard street; Red
path of the Union Bank and Sadlier Under
Secretary of the Treasury, all caused an
immense amount of confusion and misery.
In the government departments the Parliamen-
tary Committee, appointed to inquire into the
conduct Of the Crimean war, made discoveries
that proved equally the immortality and dis
honesty prevailing there.
The outcry raised by foreign journals against
| the comparatively venial abuses and corrup-
| ton of our republican system was, in mea-
sure silenced by these facts. We are now,
however, entering on an epoch in which we
promise TO transcend whatever has been &C
complished in that way by the financial and
| commercial genius of Europe. For the next
| four years the stock jobbers will have complete
and undispnted possession of the government.
| AS the new administration can only live by
Wall street, Wall street will take care to make the
most it can out of the uncertainty and confu-
sion into which the triumph of the antislavery
faction will plunge the country for that period.
In a policy constantly vacillating between
peace and war, according as the radical or con-
sentative elements get the upper hand in the
Cabinet, there will be frequent chances for
large operations in the stock market. The 60
vernment officials who furnish the information
will, of course, take care to have finger in the
| pie, so that in a short time there will be few
persons confdentially connected with the ad-
ministration who will not be implicated more
or less deeply in these transactions. Where
every one CANDLES, however some must lose,
| and it will be found that the government will
have TO make good the defalcations Of many
| who, like M. Mires have been the victims of
| misplaced confidence. These are some of the
benefits resulting from the advent TO power
| Of an administration which has no settled
policy and no hold upon the respect and con-
fidence of the country. Living by shifts and
contrivances, like the European despotisms, IL
will have to sell itself to stock jobbers and
| capitalists in order to procure the means of
dragging out an odious and painful existence.
| HERCULES HAoKIEy AGAIN-Our mctropoli-
| tan Hercules Is quite fortunate; the winds aud
| the rain both assist him. I'd )he past few days
tho winds have pjyen the streets good sweeping