The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-13
Our London Correspondence.

LONDON Feb %, 1881
The Failve Of M 1ircs-4His Lia1,li,ies E:sixoed a
$50 coo 0co-LDect Upon the London Excsoue-7As
Ponsc in Paris-A Monetary Panic Prcasoea-Anssav
Concerning Afahs in America-The War spsrz -.
EroPc-A Latc English CaJino Miniaev C.arysd ssseA
Corruption in Office, DC, DC
Panic mongers have enough 10 feed upon now 10 las
a month, let times go smooth The dish 10
served up raeout with pqScnte The osnsssr-
nation which described tremendous n Paris has Cd
tended to London and many here predsstng nous-
tary crisis, II two siraws are piled upon ths
camels back The fall Of psor Mres a fearful crasA-
The amount Of the failure Z currently stated 6oepoe
600 francs, $40 900 600 Think Of that you sege-
rents who going 70 tbs subject Of Coz
ten and wooly heads The Paris Banking Hosse nax-
cuard Co. and Ernest Andre have suspended, and tAs
Credit Mosier and Perrcre great politician and ne
goator, said TO be the brink Of Insolvency Tbs
entire capital Of the Credit Mobiey s said to be swh
lowed up and the directors 10 be d Runner
says three Ministers compromised moss serisusly-
Morny, Rouher and NaRne. Gen. Feury, too is smonx
the dslinquents. The Princess Domidof-Mati,ie tho
sister Of the Emperor-is in ,he vortex, a check 4
500 eoof faving been given TO her Brises nave been
scattered right and Jeff by the reckless Hebr ew banker
the vain hope floating the Turksh los a secresy
government pressure gaggng the press end the ususa
imperial machinery all insufficient 70 pen the purse
rs found that soveregns, sultsns kings end emps-
10 ahead 700 fast, and find Themselves over
trading as well private persons Then wheo tho
crash cones carries all down soy nhcr. Francis u
was one Of these reckless specuators He overraded n
the matter o. reputation He Dsoks his promises fasi-
fed all his accounts and played uc Jeremy Daddler -
extensively that he otascds nrt TO mortgage his
crowp then allow his efectss to be- seized
and his entire estate sold tc. satisfy his Gre.
ditsss. iBe Of COURSE went into the gazette
and got exiied and ostawed.i lhe poor sultan, Abdu
Msdjd, has been overt~ding, BIS moat exsravagsa.
family, and very dahoness ser<sass, a,dh credit has
sew become 90 bad tna few o. viii trust him ana
~ he liyesfAr beyond his ncsmA. frghtfuty IN deS1
must socA sep IN and seze the whole Ths next oues-
cn s Ma choice Of adintstzAtors me estate WI prs-
baby eat up badly. Az good nony creditors are in
this osaStry y ID expected hat ~ jofn Buii,s primo
hinster wiz have hand In the administration o. bA
ono Of the executors
Without being impertinently familiar with knxiy Andk
imperial Afairs the late in PHra viii uro-
baby 10 Tar towards upsetng the dynasty os tho Bona
partcs Louis Napoleon may rosgn al his days, but Ma
poeonnm has received q shock from which u can
not recover for years. Tbere royal rod m
solvcncy u men-be they kings, empcrors or pwvsss
personswll constantly i've beyond their incomes Tbs
reign of Louis Napoleon has been extravagant one
The head of the State has neither husbaned h rspsa
ton his Hc has pfactiscd on the ores,ty cf
hs people, spent money not his own, embarked In auixc.
tic wars. aud tired q make shk purse out II sowa
ear, tHhs 0ods 1& 9ts.nal mataa caDnc, b. iG.e