The New York herald., 1864-11-01
Some or tho Causes OK .he Panic.

S0sne OF G0o Cau OK siae Pantc
EFFECT OF THROWING UNITED STATES BONDS ON
ENG AND GERMAN tTAgEaTs.
From tho London Times (cty ar,icel Oct. IS.
The recent upward movements the rates Of discount
or tho various conuentlI Banks strcng hers u very
con5id.r able extent the proc u alton o. the
produce markets. 10 healthy ata O. Tr recent specula.
i've rs,rcs an E,caud ouped with tns ionp crnt,nu
Of Unc cent rate or discount OF course,
circulated not Only to cause foreign shippers 10 deset
eorsigniug urther quantities FOR the
present but also ia lead frms 10 nternand
orders wherever prscticebe 50 long however ss the
b uks OF France and Holland kept their rates Of
DISCOUNT two three per cent below
much Of the beneficial result thet shoald, have
cora,n to bs ccunierncted. IL Enel-h ecnaiors
TO- ced 10 caution bscause tbev could
In France ard Howard were not subjected ike
srant. and until some approach 10 equalization Of
rates took place the high terms curreat I'm would
" have thc effect OF dyerI!ng large rrepnr Of
the cons ginrnts that would otherwise have been
ceived AZ Liverpool or london 10 Hayre Amse dam.
Tho pressure OF stocks on those markets would have
iscscsied and utim'tly, on the slightest turn Tor
french specustions we're bro,ght to a bseak up.
tbeeo acc mutations would have heon liable 20
adopted this Contingency win lie ayered, and the temp
tat ns for indian Egy?,inn American producers 10
send forward Their cargoes viii 20 srrsscd as regard.
ct merely Lnon hut Euvope. Thus The only ep that
was ntng Ia give completeness to the corrective pro-
60 commenced on this side mas taken liace and the
STEADY alth ueh slow return tn sound state nf the
kcts for tae future seems 10 have been rendered
secure o-#a tf&
The advccs from Frankfort stato that Iis H1i7dfton
foy the R1sddis ~ hs mon IN td MARKET cf the
W,rs far iong t,me me tnaus Of Ana.rs
tcrds, aOAich No. jef iona h,re
an annnfant f M mn bccaa'c Suddenly anps
rent, @d rs much as per cent interest
was paid carrying transactians forward 10 next
count "hc Austrian funds Tor which in the beginuDg
seven To etaht cont way charged, were ultimately
taken mt intcc cent BY spscnlaLr for fall As
500 ~ the liquid ,on was over foreign orders and
home srscnaon agaa sent the price Of American bonds
cent, wh,e the market for all other kinds ~
stock extremely GULL AZ the other continental
banks arc all bidding high rates for the Frankfort
Bank fees und c.se greater caution than her
te. N
remark "a general that he os ring Of he
Fsnca M,ier, r,ch as fhs Eatiqa AID ne Ne r'cnds
Not"e the real ca,sA Of his div ,1sdnce OF n0y
masiet, IL bly, reported tha, the Rsnk 0f
Amsterdau, ia.0uo. 200 Cor MS bills Of such
banks nard, VIII cb lhey will not renew. Up to the
present lime failures have been reported t FRANKFORT
ot0ey part OF Gcrmanv With the exception of
Auetg. were mspv nave occurred particularly 10 con-
lnsnue OF tue depressed stale OF tho sugnr trade
Tn. pred ction repeatel during the past two
that all tue seceders would join
tho olvrrein and that the ccut,ct wnnd ninoupt to
nothing come tn rte French treaty Ia.
ts unnoluced accapei ny al psrtos and our protoc-
ti1nists have been defeatet ou tne who'e line