The New York herald., 1869-01-03

From tho London Morning STAR Dec. IL
The Stock Exchange on Saturday morning was
agitated by series OF alarming rumors followed by
sort OF panic among the holders OF foreign secur
ties 1t does not appear from the news received up
20 evening ~ sas S s1ere was any real ground
ports that were current were supposed to
have come directly from Paris, and were
The demonstration at Montmae its suppression on
by the imperial police and the consequent
irritation Of the popular temper It was rumored
that revolution had broken out on the Boueyards
that the Emperor had been assassinated and 80
forth. These Wild stories were too extravagant to
e Stock n0ua @ o see 70
and common sense; But o. later period other
G9mors d Dropess influences Europe
ously depressing eject upon the market in
foreign stocks 1t was confidently asserted that the
Porto had given orders to the turkish Ambassador
ct Athens to return at once to constantnople; aud
this step, az indicating probable hostilities In the
East, caused an immediate AID considerable fail
Stocks wers sso seced sy ss asans
intelligence and cxperierced remarkable
depression. Towards ths close OF the day,
the impression prevailed tina the panic had been
largely induced by the dishonest schemes Of some
for which there was no foundation whatever; and
though the effect Of saturdays fright has not yet
wholly disappeared u has pro)ably done less damage
than was anticipated by those VINO concocted II.
When we examine into the grounds OF this
sudden aud turbulent mtvement among the
n0luerS oil ana spcCuiatora In foreign securities
we must Distinguish between the vague tales VI
revolution that were supposed to have come from
Paris aud tho more definite and, we are sorry to
say, more dangerous intelligence from the East. The
former appeared TO have had no CONSISTENCY clear
meaning, for though the delth OF the Emperor was
At one time noscd about aiming crowd or sellers
driven frantic with excitemelt the entire absence
OF any information froDia pubic or private
source to support these mythical sensations soon
showed the dishonesty OF thu "panc.u IL was dis.
covered not only that the Enperot's lfe was safe
and his governments unharnrd, but that Paris on
Saturday afternoon was mucl more Tranquil that II
had been for some days. Win whatever design the
movement was initiated IL temporary success
proves Two things very concusively. IL shows that
the kapoleonic system OF despotic government
with al It's outward apptarance OF prosperity,
has failed 20 conciate tie confidence OF the
CONNIE erc.a world, and II aso exhibits In some
what Iudicrous and dscrcdtabe light the tlmdlty
and rashness or the specula who deal IN foreign
securities. few instants' consideration would have
taught any one OF those frightened sellers who went
about In dismay on SATURDAY morning 70 part at
a sacrifice with their italian stock tiat the news
from France, which stirred up all The trouble, II
true would have been surely confirmed, not
from one, bot from many sources, ~ the course
or the day-indeed, before any business could have
been done. II Is impossible to suppose that rcvo-
tuition could be raging for hours In Paris without the
news or becoming known 10 London, nos 70 Tow