The New York herald., 1864-07-24

which would be OF ,he utmost Iu portance TO the
sian provinces and produce complete revolution IN .he
OF the regions situate between the CAS-
pan the Euphrates and the Euxne For all SUCH enter
prses, however aperod OF uninterrupted tranquility "
requisite and II Is the more necessary therefore, for
Russia avoid all external complications that would
distract her attention from improvements which are so
necessary Tor the material ard social welfare OF the
empire.
The American Question.
NAPOLEON CoQUErrISa WITH RECOGNITION, YET
AFRAID TO BEFRIEND THE REBELs-HIs EALF
AND HALF POLICY TOWARDS MEXICO, JEYr. DA-
Wis AND DENMARK.
[paris July y correspondence OF London Tines
After all that has been said about the interests or
France being Waeecr there jast that needed
support after all that the semi.oticai press has from
time TO time declared In favor OF Dennark and the sup
port by the French pleuipotenary In the Confer
enoe, yet impossible say with any degree OF
tainy what side the sympathies OF the French
government or whether The cause Denmark and the
cause OF Prussia not both equally indifferent To it.
T.e uncertainty is found tci regard 20 icdn
affairs Tor long time il was thought that the Con-
ederates honored with Official sympathy, II
such weakness sympathy has indeed, place
in ne cGetal mind. and the change that has
| como IL probably dates from the period
when such strong language about the trans ormaton
which the Mexican government has undergone was heard
Washington The feelings aud opinions OF the govern
these questions perhaps vary with the seasons.
The suit the used for winter and this,
| lmmer wear.
II in the when the government or the En-
peror amicaby disposed towards the Southern con
federacy th. leave Was very readily and Willingly gwen
for the building st Nantes and Bordeaux OF certain
| here we're, believe, two s,esm corvettes and
two rams. "Leaye, re- haps, is not the proper word
encouragement even nstiga,ion, would be tue suta
| bic term. During the building, or just as II was
nearly concluded, the change alude to was visible III
the government aud 10 whatever cause IS to be at
trbGted, the parties who bad authorized, encouraged
nstgted sent orders that the vessels should not be
delivered the Coniederaes, but sh ud either be
disposed OF 10 third party not begerents or detained
IN port TIL the war IN America was brought TO coDcu
sion. Something said about the swedish govern
being in tre ty Tor the ships but If SO, nothing
of IL private letter from Bord 'aux now men
ons that though the ground alleged Tor deaining these
ships that they constructed beligerent
the corvettes and the have been Just sold 10 the
Prussan governmept-ihot.h Prussia Is behgeren,--
and that OF them, the Yeddo cleared out OF Bor
days ago, os,eusby Tor Amsterdam, and
proceeded TO Bremerhtven, where. probably, she
mas taken on board ner war war material ana crew,
a Prussisn port, flying the Prussian flag, and
ready 70 act against nemark II is further stated that
tins transfer bellge ent effected not merely
with the sanction, but by order OF the government II
stated IN one Of the Paris papers day or two ago
that the Yeddo had been sold Its completion 10 the
Confederate government, TO replace the al bama, and
when at to take on board all that
for her equipment The statement not true, and IN
all probability the Danes viii hear something OF her and
her companions before long. This does not look like
friendly ,ocGkaess Gse part the French Government
tcclrds Us old ally, Dnrlark There are other details in
the letter refer to which OIL II, but the delivery 10
Prussia, under official saactou ships built under
Official Sanction Tor the Confederate government, s, am
assured fact.
THE FINANCES OF THE UNIoN-MR CnAsE's POLICY
AND us EFFECT-A WARNING TO THE INDUSTRIAL
CLASSES oP GERMANY, HOLLAND AND GREAT
BRITAIN.
from the London Times (city articlel, July 81
The Secretary of the Treasury Washington has OBJ
tanned power to further per bonds to the
amount of $50 o0o the interest TO be paid in coin
An annual addition Of u see coo therefore be made
TO the demand for gold. With viously existing
qurements he 70 be raised yearly by he government
specie WH accordingly drought d5o f20 900 600.
AS very largo portion or the federal debt Is held In
Germany and Holland, whore agents have been employed
at splendid commission tempt all the qs sar,nc
eopenrge,S, the periodical rentances for interest
30 Europe be proportion. Already the expendi
Of he federal and the general consump
ton OF imported goods on scale the payment for which
ory absorbs all the metallic supply from san Francisco
but leaves baiauce to be furnished from What
ever boards Of gold may yet remain 10 the country No
decide how long these funds will be fortncomiog,
but all can understand that the question OF soppage
must be SIMPLY II Previously to the the
pc In consequence of abundant harvests had become
ch god and the substitution OF nconyertbe paper
Tor tic currency has since rendered large add
tiona smount available for expectation. But taxing any
preposserous estimate that the most sanguine federal
could suggest the probable aggregate OF specie thus
disposabe the end easily be calculated. For three
four years he dram has already been and
may be assumed that before the country could be
swept OF all It's cash panic would set IN that would
e.i 10 boarding, is impossible to doubt that the dua
hour Is RAPIDLY approaching That II has been delayed
SO long Is soey consequent on the fact that the sale
OF bonds in Germany ano Holland has enabled specie
FOR their amount 10 b0 obtained from those countries
IN proportion Guch draughts can continue TO be
made, long III he break ~ be partially retarded bu,
there apprehend that these investors viii
got dividend IN coin, except SO long as they
to supply The coin themselves Il is not question
OF honesty the part OF the United States. ~ is one
possibility. They may the face OF their bonds promise
TO pay In gold and IN their financial ignorance they my
believe they viii be able to do But Will they explain
where tho gold.is 10 come from?
Up 10 certsin stage, in this country, Mr. Chase
found people who were astonshed at s'success and
who talked OF his financial ability Some Of these parties
also angry mat auy doubt should be thrown upon
for tbelr devotion 10 trade and money making. But
they we're warned that the success was simply that
Of spcndthrift, who win not pull up go long as be
"A raj
away with, and that just according TO the proonga
ruin AT The mere prediction that suspension OF
specie payments would rapidly eDsue was treated as an
idle manifestation Of III WILL and subsequently the anti
cpatlons that gold would 60 TO 1y per cent premium,
aud from 1ty per cent TO one hundred met with
stl stronger protesstions. THIS determination TO shut
out AL logica couclus sons has, happily, not ben SUI
tcientiy polofui 70 nisch,5 in L0rdOn bat The
CgHiaeat the deitson has en- so extensive thai GsTt can
D. d3ub Of mo serious conss2tencs whenever hdH ID
dipetd At the present moment pureh ses are actively
Continued, each new fall 10 price merely inducing
previous holders 10 buy 10, order to make an
sse. Al the beginning Of ths year the Washington
government despatched 70 Europe two Of posi-
for raising losps one OF these agents, Hon. Robert j.
Walker, published q pamphlet IN London TO show the
busnces and resources OF America. Gold after having
had then twenty seven 1his Mr. Walker point
ed out 70 be natural consequence OF MIR Chases sys
tem-a system wh,ch IN us conpltenes AMI brti,dHcg
uds "Wtisout precedent IN hisfory." w s not doubt
ed" Mr.. walker continued, 'that before the 3oth q
June next this premium must dssppear:i and be
pccordngv urged all possessors OF god to sdvan
tage OF IL and invest IN federal bonds while
yet time st eucn favorable terms. We have yet 10
learl what the lua quotation OF gold q, New
ioSk Thursday last the predicted goth Of June; but
happened that that whah had then arrived Ia London
I46 premium. The moral is surely pain. Although
there IL no need 70 charge Mr. Walker with any want u
sincerity, the fsllibity OF judgment he and his
patriots have she should lead the Of great
caution IN any future representations with the view Of
inducing the Industrial populations Of Europe TO part
with the hardly earned means which constitute many
cases their sole provision for old age
The Danish War.
NAVAL ENGAGEMENT OFF THE ISLAND OF RCGEg,