The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-02


wade federal territory.
II is believed that Immediately the Prussian van
crosses The frontier into sa1ony the news OF IT'S
Bohemian frontier OF Saxony and that they will al
move upon Dresden. Should there be any founda.
for this impression the TO Dresden will be close
one The Prussans have the longer distance 70 over
and as reans win in all probsb ty be takcn by saxony
TO allow part least Of the Austrian army oavei
by railway, the Austrian advanced guard has aSkood
chance OF first gaining possession Of tho Saxon capt
sal % y quite ,i natural TO suppos, that General
Southern Brandenbug, both bocansc tho line between
the Bohemian frontier and Berlin his probable obiec
he s said 10 be desirous Of taking advantage OF
the at plains OF Saxony and Of tho Upper Spree for
the action Of the mucA.vaunted Austrian carslIy
The German Bouvses.
BAD EFFECTS OF THE WAR ON COMMERCE. AND
FINAScE-coSFIDEscE IN AMERICAN SECURE
TIES.
From the London Tunes fciiy article) June ISL
The advices from the Frankfort Boursc state that tho
increasing probabilities that hosties only be de-
lay for few days have reduced the Transactions public
securities SO much that only parties who are compelled
tempted by the low prices 70 invest deal together is
particularly remarked that those stocks which have
hitherto boon looked the solid have fallen
than tho others Bsva ian per cents for instance which
were two mouths ago at 96 offered at so,
and Frankfort 3'i per cents have R'ne down from % 20
-. These circumstances are considered prove that
the Nile States win meet with great difficulties when
markets, and that in that respect those
the foreign position whose stocks are quoted on
that The very best DorfgdD,s . Ia,,l, ~. sy..g Ksl
mItmen,s Outstanding wh,cRtb nor any large com.
bankers to keep heavy rescros. rs Ia",d,,,m'
three months in which the apprehension Of .ne
| prevailed. According to the views and hopcs n sbs
merchants u s 3 fsl,sGy sd 70 suppose thai The % 80
! issue Of paper currency, as the notes OF the best
banks are flowing In rapidly and. with the eycep-
largely decreascd 1hi- IL Is said gives some con
| ISOLATION that the vdr carao, lat iosg a. for want
| OF money, the enormous forces In the Hell nrst
hasten decision, and ss tho misery Of the great
| masses OF the working people ont Of employ will
threaten TO bring abou, rcvolu,ion Tho experience
however OF what may be done with paper issues In
ryng on wir where future consequence dsreg
scarcely warrants much reliarce currency difficulties
ssa preventive Meanwhile III Is impossible 10 de.
scribc, II IL sad, 'ihc havoc which has been made
This thriving country N Me ree'n,. % one aaaa trade
utmost and universal anxiety prevails as to the social
changes which tho war will bring about
Am sirca sec"ritiS sW o.ya1 rsgpip .nresors, "os
capitalists regard hsrs 30 or ~ ne reach Of fse m.
pcndiay sr>afs.n
MONET DIFFICULTIES ~ FLoRxSor.
aos M ssps po,s scS 2, s@ag 5 Ss
infinite trouble and disconlenf. The way In which the
people endure the annoysEce and the loss IL something
really marvellous. and taking The motive OF their
bearancc into consideration ~ truly admirable Indeed
! the evil grows worse. This morning The small notes
a. per cent ard NOT TO be mad that price
In q former letter spoke very severely the conduct
OF tho government IN this matter Bat long
TO believe thai the shocomipg Of the government doe.
not beyond tho faults Of negligence ne-pcrness and
| imprcydcnce. The drssdfai iov which has fallen on
the community and all the suffering which has been
occasoned 10 have been dne n ne coHdus Of ne
National Bank, and not 20 that Of the government
Tha latter ln very great and inevitable hurrv conend
ed bargain with the bank by the of which /, Was
provided that the latter should lend the .overnmcn,
should issue notes 10 ,6ls smcnni, freed nom the
OBLIGATION Of Paying them IN gold, that thosc notes
that the bank should be rad nlereS. az tie rate Of one
and haif per cent per annum only No wari Of pro-
vision was made for the due supply Of the Circulating
must have been known that ID inevitably would
pass-thnt the gold and siivcr should obey the las OF
their nature In the face Of such enactment that a
\ named, and dsappear No control Whatsoever was
served 10 lhe government over the mode or nature
Of ns emission Of notes ana tue oasi ha, aied q ne
cona'ry and the most cynicai nsenslbiiy TO any
sdcalion ave the interests of ITS -hsreloders And
these must have made out OF te general distress very
rich good thing indeed. Perhr,s hank was acting
according TO the true principle OF banking; and per
hapr, II were shareholder should feel that Il had
done But the disereit whiei II In. thrown upoa
fhe government has been very gTess indeed and yery
| m schieTouA
The Dangers Of Italy.
IRON the Revue dr. Deur Monde Of Pars June ~ II
1 The Italians say thai armed peace
/ hauE's ihcm; bn, wsr would cxhsr- them s,in more
Haye they, fact, ihs cans Of carrying t on Not
ss Pc hsy soa7 y and
sue honorable career; but the aa'ssc'
sop a. we'll veil a. vi Kings asua = % 70 hss
that the itaisns Who had displayed admirable spirit
before being united into singe State. have no; been
the samc sncc they have formed only realm
tbe MInrie % The southern extremity Of the former
Kingdom x the Two sciliss Tho vuion which bad
been remarked IN them until tlsen bas experienced
total eclipse one nsa polns-ke En1acsI Tley
have not known how 70 frame budxe' and have scca
errs are asnmous IN .cls, Ing si osn |. re Saro.
which ought 70 10 reserved for tune of war ihe iisi
isns Iva ca,rs ted IN tines cf psscs -sy@os. forssn
France especially, unhxpiy FOR the small espL
tass af Paris, who have eBgGlphei ihfr saving IN
them They have seen totally Wanting In resolution 70
o. 10 feduce their expenditure to tho isre ~ their pos.
sibe receipts This sras~ fsul, of which ., pressns
ihsis Mnisssre o rlnsnos ssils lssnsy
thea 70 impo'e tax~~ tisnizelyes. Y scalo,a hs-
repeated With all hs oee so,lsr ~sicsary rsccmnsnls
tons bat they c0Fei fhsir UNFIT TOO late rnsy
have given themselves tho satisfaction OF utserng nns
sentences and nour.hed themselves with
as % n ~Ssn .s ~ S ~ sss s% lss ssa he ss
anctiou the ground on which Hannibal was encsmprd
ih.y though. hoy soall s,ss msgnoeen, ss.mp's q
Venice and The fasons Qiadrates by which, In The
judgment Of lhs mot sspe~'1cef men sud of ter
SINGER friends n<y k6r, sacs Nsir sf.afss NJ the-
inconsidersie they hare irrtstei snrtny II
was Their Interest 20 sppeae - that once enlofea uca
oi eoncission they could have pegoialcd and
treated fs tbe vrness equ,sblo cunditlons
Tor Which when sli Isrtles wefn cool ~ ssrs@'fsas
would very likely have been pessipe.
The Money crisi..
nKroETEp KFFssr or THy xsgLisr rA.iC 0S
AEkHfcAs rRApE-THr DRAM oF srkcts 70
susors asp rax eoLp sssxgr ~ wsLL
sTREEr.
fFrom the Losdcn Globe Evening", June IaI
The monsisyy crisis 10 London of May 10 and II
partially echoed IN the untcd states arrival ~
the Cuba al Halifax The nst The rssurn mail
brcught two sccoun,s u the nrst effects American
trade which may b. relied upop couipg not from
English visitors who woud he iIkely 10 eain only su
perscis knowisdse of such sudden events bnf from In
deps.ssu, Ams..eas writer's vboss eloss .Ssemsn, IN
Both letters bssr date hay a. We hsvs t~ls.
grzms up 10 Juns II spresrs that In the oonr~~ ~
hres days upwards Of two millions st~rj,na In sod w~vs
shipped for rngiand, thst IN the of f0rnlghs
the whole smounf srportss cot iess than -four MI.
lions hsd Isn the oountxy No wosdsr the premium on
gold fast Before the deNsyy NJ ths bro.sht
BY the Cuna The aaotaton l2p $50, ths on
| The morning oF Monday The 11sL On she folo~ins
wednesday the pric~ wG f3o ana % Friday 1871 from
Which hes srt ''''s- vss vss occurred seswi,hssnd-