The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-25
FRENCH FINANCE.
Tho UnfavOrabie Elements and ozark
spots" Of the Money Situation.

SpOtsv Of the Money Situation.
Paris (0ct. @, correspondence OF London Times.l
Tho >ensaine Fiadncerc publishes long article on tho
pauic when lately Affected the OF securities tho
Bourse writer admits that false mors may have
produced certain elect tho MARKET but only OF q
temporary character aud no insists that reports
coud influenced the pubic mnd seriously
had great already set in aud prepared
IL wcro The general sentiment OF the money
listen To false representations. Two kinds Of
aaces had acted on the pubhc-one OF an economic
character and the other political. The writer says
From the economic point OF there are first ALL
the facts specially connected ah tue financial market
How could revelation SUCH ~ that whcn occurred last
month As 10 the position OK the Credit Aobiier and
lmmobiere DO made without affecting numerous inter
and exciting serious dIslrus That incident proved
that considerable capital resented by scrip the
hands oil sharehUiders menaced In integrity, and
condemned TO reu,an without revenue ior an indeunte
period To the securities Wi bout produce whca en-
cumber tie Market aud winch represent enormous
either entirely lost or compromised and
boads oil the Spanish and iaian railways 10 tue Next
bonds left in delreciation, notwithstanding the
governmental patronage waca otastiy encouraged
sir tsne wero going 70 be added tbs scrip OF
papes wGich had OF late years and exercs d
hgE and active initiative in spe uai on, able
give o prolould shock TO puulic confidence Besides
this sad surprise surged up In the midst OF economic
circumstances which RAISED perspective difficulties tor
ensuing winter We have THIS year two bad crops
In corn and ~ne-and subject TO dearness pro-
Visions manuiacturers are suffering and restrict Ia ir
operations As 10 the French funds they could not hep
being affected by the known amount oil the floating debt
and by the extraordinary expenses eulailed by
the reorganization OF the army. On the other
band pacal circu tInces are not calculated 10 coun
ferbaancs the unfdrrdte elements OF lnaoc nj
situation. We do not eli here to allude 10 moi
dents OF the Kind Of those which have appeared to
affect the Bourse during the past week. aud
beca denied by tho government We speak only OF tue
political situation from general point OF view. What
this OF things Is nccritude nd
ignorant perplexity which it indcts upon public opinion
Are affairs marching towards peaces No really
decisive has yet been given TO settle the dilemma
with sufficient eyidsuce aud Authority for the Ieesab
ishment Of public confidence on soiid bas Tue
.'dark spots" or which tue Emperor spoke month
since have not yet bsen enaced by governmental
declaration The 5foaltsur announced a few dsis
ago that the eervco OF the contingent Of the last
would last this year five months, ius cad OF
tnrsa THIS precau ion OF military instruction evidently
not correspond With ordinary STATE OF things
General Fieury Is gong from Vienna Berlin
Is not permissible TO attribute political object
Journeys The prime pat ministers at Biarrz. and
Is allow abs think that they gong doberate
with the Emperor the assures which wilt express
what the unity direction AID tue governmental views
really is--what the concerted action Of the different
Ministers aims At How the confidence OF the pub
DO restored before the results OF the councils Bar
rig are annouuced2 The presence the place OF
tue Italian Minister, n. Ngra Is Indication OF
important negotiations prepared In connection with tho
Iaan crisis that point also IN order 70 clearly,
Information required 10 the decisions which viii bv
taken, doubt must be submitted 10 uuti the nnal
word pronounced. Therefore, in no reasonable
d,ouivtuce and the agitation OF the financial
market be trbuted TO tbs inexact runors spread TO
the desals Of daily facts.