The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-12-25
THE FINANCIAL ASPECT.
SETTLEMENT OF CONsOLs ON TnE STOCK EXCHANGE

EFFECT OF THE AMERICAN WAR AGITATION.
from the London Post Getty Artcle), nec. g.
Tho English funds have experienced further decline
OF nearly u per cent This was the na settling day in
consos, and there apparently of stock
delivery. The continuation until of the 9th
Of January WINS y per cent Tho market il now chiefly
in the hands Of Spectators the large dealers prudcny
buying only such portion OF stock as they may want
dispose Of again AMI the former from the position
of affairs, phich look anything bit fdrorabrs, and
the they have obtained this account by selling,
renew their operations for january oas, houecr,
ectcd that certain eminent c0pdli1 had been quetlp
getting out IF soe, and that from him large supply had
beeD obtained Tis rscefres c0Hntdnce from the
fact that mare not heard Of any Of the leading brokers
acting for the banking other moneycd Interests hartn0
brought sork 10 ,nl the first 0f tn. Trent affair
became public. The fall to-day is attributed to state
ment III the Pdhie relative to the recognition OF the
Southern States some details of which we communca cd
to readers few days since. Tho option
sos, which generally from account to account rules
al about 4 per cent, being for tho put aud ''cnll'
x per cent, sufficiently indicating thai the
shrcwd kers Of options fully alive to the
important events the tdps should upf,r-
tnnatcy take place with the Northern Sates Of America
In the meantime, universal satisfaction continues to be
Expressed at the vigorous action the part of go
vsrnment in the present critical state Of affairs that in
ne eren Of no happy MEDIUM occurring 10 perent hos'es,
Of chch regret accorsJ 10 the opinions expressed
By If most emina eity firms, ne probability de-
credse duly shall be enab od 10 strike bow once
which shall he sufficiently effective uphold prestige
protect the british dag from insult for tho future.
consols closed at oo'4 a ex div. for money,
after hours . further unfavorablc movement took
place, and the price for January rcceded to 90 a.
WHAT THE WAR WILL COST ENGLAND.
TO THE RIGHT HONORABLE THE Earl. III ssELI, SEC
RETARY STATE FOR FOREIGN AFFAIRS.
Before your lordship declares war against Brother
Jonathan taking on, Of aet,dI rcsei for traitors who
have conspred with many others TO disturb his peace
and dismember his country may beg the favor Of your
looking the following little bill and tell how
propose to provide for its payment
In the banks canals railways the bonds Of the several
States comprising the present federal Union. and in nu
merous public and private undertakings therein, have
invested capital extent exceeding hundred millions
In the trade carried between my family and that OF
Jonathan there IS usually balance due to me Of oer t
millions
This arises from tho fact that Jonathan like onr own
farmers brings his produce TO market and takes the
money home with him. whereas, my sons obliged to
travel far and wide and TO give very long credit
duce him and his family 70 consume their manufactures
Had the rebellion broken out four months later half the
last seasons crops Of cotton and brcadsus intended for
country would have been hypothetical merchants
in New York and Liverpool for English account.
In the mercantile marine employed in carrying on this
trade between our respective families, have embarked
than fifteen millions.
The amount Of this TRADE Is annually about eighty NIL
lions OF cotton and breadstuis and other material
which find extremely scrviceabc both for the employ
mcnt and feeding OF my amy, and send him return
everything his heart wish for in the shape of manu-
iactured goods the profits OF which have enabled many
OF 30 become nillionareso think eighty nal.
| hons. one-thiya of The mhoie.
This trade between and Jonathan gives employ mcnt
to very large proportion of the population in Lanca
SHIRE Yorkshire, md other manufacturing counties
| a8tount'Rg 10 at Least FIVE millions.
The instant effect Of declaration Of would be to
cancel the two FIST Items and dvoy ould 90 hundred
and fy millions IF my hard earned money This woula
MAKE bankrupt Of ntrf tenhs qf ths merchants ,dlltd
Americon. and curses not loud ~ deep wouid e heayd
london, Lrcypoo Manchester, Birmingham Leeds She
feld and throughout The kingdom on authors of such al.
amount # ruin The manufacturers dependent these
| American merchants would to manufacture
for want Of the raw material and customers for
the manufactured one; and 'roe anto that unfortunate
population de,pnden, IN h.n far their daily font
The second effect Of such national insanity our
part would be the depreciation OF all public securities
an extent o. not less than twenty por cent t~o hundred