Year: 1866

sssnvy, n was argued upon high authority that { d
future per cent would probably be the natural In
Ssrest upon capital instead Of three.


Whence then, Il will be asked, comes the present dis
App0intmentf We answer, from the eztTaudgance 10Th
scicA usual all such occasios TIE nesv system has
teen employed Probably money is really worth more
than ever because there are more opportunities OF rn
ing It to account but the number Of new finance compa
nies was SO great that there competition In the
lending trade, and while high profits expected Il
was inevitable that inferior security must be received
There was new field for money beyond doubt and
many enterprises which had formerly been monopolzed
BY . few great capitalists at the command Of
every shareholder in Joint stock money company. But
snese good things were not atainable in hurry or with
out hmit nor did the new condition OF the market re-
lease money lenders from tho obligations OF commercial
prudence Shareholders, however ,oanted A<ir Is pr
cnf and ,0hen t,ceny concerns together e look at
Tor Prcs on Mfs scale the trade ievIdbly hazard as
First rate security implies moderate interest," the In
terest TO be increased the security must to some ex
commercial intelligence and good management may
command profit and safety too. Unfortunately, the
new nc anance did not and perhaps r SoHc
on advantageous terms but with defective security, and
tho result was disaster.


Spirit OF the Foreign Press.


All the French journals OF May contain the decara-
ton made previous day before the House Of Repre-
seutatlves by Rouher the Minister OF State every
paper commenting less the subject The
Pays in summing up the Minister'S declaration says: -


n Rouher has spoken. and bright light is shining





complications This situation is clearly defined hat
not voice could be heard throughout the world 70
cuse her of policy Of ambition and ambiguity or to
throw suspicion upon the truthfuness and moderation
Of her language Let any compare NJ Rouhcrs last
speech on German affairs with all that he have said
In previous discussions and they will find that his Ian
guage has ever been the In the present situation
It's highly satisfactory to feel assured that France will


be led In spite OF herself into struggle in which she
undetermined not TO take active part.


The Opinion Natondie Of May after reviewing the
German situation, gives the following


We ask all men Of common sense who are blubberng
In anticipation Of the evils of war the state
Europe normal oneS No treaties-those OF 1915
having been trampled upon at Warsaw and elsewhere
no more international rights people could not even
agree any more upon the signhcation of words some
calling right all usurpaons consecrated by diplomatic
Iarchmens and dynastic inheritance, while others
serted the right OF nations govern themselves by
placing tho national sovereignty expressed by universal
suffrage above the dead letter of treaties which
asunder neither peace but armed peace, dan
gerous liberty and ruinous to countries To
q situation Of this kind there but remedcs-a
European congress or war; Nobody desired congress
nobody is desirous OF which is imposing itself
Europe disease imposes itself TO the exhausted Or
Yanism