The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-06-23
FRANCE.
The Party War Against Ollivicr-lDeria n
Union-Cnbinct Consideration Of the Plum.

The Party War Against OlIivier--IDeIian
Union-Cabinct Consideration Of the Plum.
PARIS, June Q, 1870.
Notwithstanding the violent opposition In the
Chamber against OLIVIER which has recently been
spaye1. he is firm IN the saddle for the year 1870
OF am prophet. MY reason for saying SO Is that
neither the d7ofte reactionnaires nor the gouche
Liberals are in q position to form new ministry.
"L'Un,on faH Ia force" says the Belgian motto;
but in this instance the weakness Of the parties to
which have referred is the strength OF the Olivier
Ministry.
From reliable information In my possession l am
ce. tain that the Portuguese (Saldanhal govern
ment is strainDg every nerve to effect the
union Of Spain and Portugal. France VIII
not object to the Union. The Portuguese AM
bassador here has had several interviews with the
Emperor on the subject. England will not con-
sent, and great efforts are being made to induce
Lord Clarendon to simply protest. much doubt
his agreeing to this arrangement, and should Eng
land remain firm and France not give waythat is to
say, follow the English poicy-serious complications
may arise between the two countries. The new Por-
tuguese Ambassador, VINO is the brother of Sal
danha Will not reach Paris before the first week In
July The political horizon looks squaliy, but the
signs OF coming storms may yet clear on. Now that
the p,eb,scite has already given some impetus to
business, the commercial classes will complain bit.
terly should foreign policy create renewed uneasi-
ness
FINANCE, BUT LITTLE CREDIT.
without sou to-day, within few months q mil
lonnare is the fate Of many adventures in Paris
who have sufficient pluck to risk contact with the
parquet. The French anathematize loudly English
and American swindles; but from time to time cases
occur here for which, with regard to ingenuity and
rascality, II would be difficult to find their equal
We all know that in Paris there is but little credit
| II an unhappy but honest dog owe few thousand,
nay, few hundred francs, his existence is in-
toierable. lie had better have mill stone round
his neck and jump into the nearest puddle hav Q
the smallpox, put his feet III hot water" the
ginteman in county Zip said, or suffer any other Of
the mIseries to which humanity is heir. But let him
defraud tue multitude OF millions; let him live III
great style: let him keep several mistresses in add
tion to VIE, and he Is petted courted fondled and
decorated until st last over-cOnhdence in his own
consequence causes him to ''run muck' and ''bust
up.n For weeks past the financial and commercial
worlds and journals have occupied themselves with
the situation Of the directors Of the Union des Ac-
ttonnaires ana Credn National Some three years
since II my memory DC correct, but few In Paris
would trust The founder, N. David, to any amount,
tune brought splendid 0fces IN the Chasissee uAi-
tin anu bank notes rolled In tOrrenis postmen stag
gered with the weight OF letters containing orders
for M David, the proprieOrs OF two newspapers re-
| aucsting that gentleman to invest money for the
! writers, Tue Chaussee d'Antin within Few months
became too small TO hold the mionnafre; perspir'
ing army OF clerks were unable to keep pace with
the demand. The ante.chambers were crowded with
latge and small capitalists craving the honor
OF an Interview with the great fnancier In order 10
Induce hat p0entate TO cOndescend to the transfer
VI Their money into his own pocket. The establish
ment emigrated TO the Place ycadome. Splendid