The New York Herald Newspaper, November 1, 1856, Page 1

WHOLE Ni. 1368. ARRIVAL CF YHE ASIA. TUREL DAYS LATER FROM EUROPE, The Further Res‘rictive Measures of the Bank of Evg-and. THE COMMERCIAL SPECULATIONS IN FRANCE THE SOUND ANU STADT DUES, NTERESTING ROM JOHN BULL AT THs SOUTH. i Consols, 4) &., a 91 5-8, hc. ‘Toe British and Noriy American mail swamer Acia, from Liverpool sobdy ‘uffer ) Of Saturfay, the Asth {antent, arrived at nie o cli. yonterday morning. The Asi® brings £6,000 swriog im space, and $6,500 Prance in gol. ‘The Washington arsiy.< Setorday, the 16th inetav The screw steamer Kur Fived at Liverpool at 916 { of Tharsday, Leth, ana bout noon of tbe sam» duy arcived the Khersonese, from Portiand via St. Joos, Nowfooodlaud. Toe Kner Gonese, on the Sib, in tal. 4% 08, foag. 60 4 pasecd ap weberg 150 fect big) and of couserable extent, drifting +slowly to the southward The exchange of roves on the Sustrisn occapation of the Princ es of tho sud on the question of the fnture of those provineos et! diy des atteauon with the Neapolitan quarre! and the crista to Spain. . Mewn- time ihe i rencl governam: 9 3 speak loudly against the Austrain occupation sou polsy. Detailed news of the chavge i tho Spanteh Ministry ‘has not yet come to hans. \iryber than an oficial an- Mouvement that no police. crisis bad occurred, and thatthe change of Mivie‘ers #43 from ‘purely personal motives on the par! of (he Cocea. It ia now generally belioyod cast in consequence of the row'ag importance of the | io tows to be discassed, the Congr ese of Varia, about tor. -.ssemble, will consist ofthe Hirat pienipotentiaries, as |-ivre, and pot of the second, es was rropesed. The propg-itiva to refer the Neapoli- fam question to the Congres» cm aatet from Aueteia, Ra- for statcs that on ths first day of meeting Count Walew- ski, in the name of the Fr ) covornment, will advocate he admission of Naples. A ¢)-curston wiil then be invit- ed as to whether the Coc pill step beyond the East- ern question, for which it wa. | #! assembied, to take up the Holstein, Noufchalel, Yonwoegrin, Greek, and other questions, and whether tho Kiug of Naples shall be epresented. outharapion at 9 A.M, of from Philadelphia, ar- laoud ‘as ixed for November 8, The meeting will be | © royal castie #! Herlin, with M. Von Raumer, ne royal commissioner, prestdiag. The object of the meeting is to decide or itlons to be’ referred to nother conference composed oi ecciesiarties and laymen, ‘with the intention of re org «nizing the Evangelical church Of Prussia. Count Walewski, Freneh M thas ecat a circular to the nh diplomatic agents at Soreign courts in answer tw that of Roseis of September 2. According to what bad beet beard of (hig new document, the Fretel: government repels tha reproaches of Princo Gortsckako!, and adduces arguments w prove that he wes in error in stating mat (he coacact of, France and ‘Fnglaz i'n the Naples r 18 cootrary to treaty and to the public right of Kurops. In the Bertin Bourse Ga- tele it ls etated that Count de Morny bas read the note to Prince Gortschakoif, and that tt te full of pacidc pro. testations, and moreover con'sive the assurance that the ‘action of France towards \upies will bo of # purely dipio- matic character, - Advices from Constaviinoplo are to the 6th of Octobor, A milnisternt cries wer i pecied, att Redschid Pashe ‘was looked upon as the fulure Vicler, A Grmen had been publisbed touch pg the © national representation '’ 4m the Princtpalitics but 11 makes po mention of the union §y of Moldavia and Wollachia. The Porte hes invited the Ambassadors to a mee'ing preparatory to the convoca- tion of the Ivan on the subject of the re-organization of ties. gto the Poet Ampt Greette Prance considers it to establieh forts jet works bet eon Strasbourg ‘and Kebi, {n order to courter.alaoce the importance of ister of Foreign Afairs, the for ile brilge It i# wteated to construct om the Rhine at Colorno. Thw view hay beep communteated by the French government to the various courts of Ger- many, come of which bave already repiled that the two fortificd works capuct be pliced in comparison, because ‘nt Cologne both banks of ibe river belong to the same Power, walst at Kebl ove bank of the Raine belongs to France, and the othor to the Nuoby of Baden, a power which can never be the object of alarm to the French empire On the 14th of October the Emperor Napoleon came from &. Cloud, and, mounting at the Tuileries, rode lowly ‘2 advance of bis guards, along the ence for- midable Faubourg St. Antoine. ft was 2 o'clock, the ‘workmen's dinner boar, and his way was through the crowd, by whom ho was well received On bis retarn from St. Maur, at § o'clock P. M., be passed through the game Faubourg, but the streets were then comparatively deserve! An ambassador from Persia bw arrived at Treb!ronde, on his way to France, as the bearer of costly presents to the Fimperor, and accompanied by a large suite. A despatch from Constantinople, dated the Oth instant, states that Sefor Pacha has gained two victories over the Russians in Circassia, and bad taken from them 800 pr.« overs and 2) guns. ‘The French embassy of friendship to Porsia was re. ceived by the Shab, with bigh ceremonies, in July last. The Emperor of Ruseia bas conferred the order of Knighthood of St, Aloxander Newsy on Baron Humboidt. The Spanish government bas conceded that British Con- qwuls in the Spanish colonies may admlaistor to the eflosts of British citizens dying tntest ate. Austria refases to pay the dues levied for the mainte- nance of the lighthouse at the Sulina mouth of ibe Da. @ube, on the plea that she was no’ consulted respecting tts estab! shment. Ramor: were rife of an Intended etrike for higher wages “by some classes of the workmen of Paris, Mastorers, whart laborers and others were spogen of aa likely to stop work Prinoces Mathilde, daughter of Prince Charles Bona- parte, was married to Count Louis de Cambaceres, on the ‘J4th of October, at the chapel of the Tulleries. ‘The Paris Monifeur publishes another despatch from Marsha! Bandon, Governor General of Algeria. After tating that the Kabyles, of the tribe of Bon! Doughredaa, had male their submission, and that those of the [ien!- Dou-Addon were about to do £0 likowlsa, the despatch gives an socount of operations against the Beni Nuala, the instigators of the resistance to the French. The at tack upon the villages of this tribe was made on the 7th and continued on the Sth of October, The loss of the French was 9 killed and 58 wounded; that of the Ke- byles ie reported at considerable. The results obtained by theso combats decided the Brni-Mabmond, a notgh- ‘poring tribe, also to make submission. This puts an end to the jaserrection which, under the infinence of Il-Had)- Amaz, threatened to assume ferions proportions. ‘The Kaglish Viee Consul at Stockholm was accosed before the Swedish Courts of having induced s Swedish woldier to desert apd to enlist in the service of the Hud- gon’s Bay Company. Ax oficial announcement Is mado of the betrothal ot Prince Oscar, youngest ton of the King of Sweden, to the Princess Sophia Wilhelmine Marianne Henriotte, of ‘Nassau. A new law for the Steckbolm regulation of public (echools waa published. % sanctions many improve ments on the old system, but places all schools andor the mroonditonal superinioncdence of the charch. ‘The Queon and court bad returned from Balmoral to % Londo. A letter from Tangiar says the Emperor of Morocco has ‘guthortaed his minister to negotiate @ treaty of commerce swith England, Amorg other | mportant ttome this troaty gli abolish monopolies, ——_—- A decree of the Queen of Spain revokes the constitut on of 1645 and re estabiishes the ancient regting. | Lord Vane Tempest and Cornet Birt are dismissed the army’ for’ conduct unbecoming gentiemen. All the London papers of 17th of October notice with satléfact! sa the manner in which the Duke of Cambridge has acted in this case. His lordabip not anticipating the summary process which bas been taken, had written to the J ondou ‘Times complaining of the suspense ir which he was kept by the military authorities The Zimes says —We need only, therefore, congratulate Lord E. V, Tempest oo being rid of bis suspense, the 4th Light Dragoons o being rid of Lord &. V. Tempest, and bis Royal Highness the Duke of Cambridge having had the gooa sense to ap- ply a speedy remedy to.a crying evil. At the balf yearly meeting of the Eastern Steam Navi gation Company, some information as to the progress 0 ‘be mammoth sbip Great Kastern was submitted to th: shareholders, It i: expected the ship will be launche: sbcut the middle of Avril next. The boiler? were to be delivered during the week, aud the propelling mashiaery was being procesd 4 with. Most part of the hull is plated —the extremities of the etem and stern alone remaining 'o be completed, The engineer, J. R. Brunel, bas ma tored his plan for launching. Tho agen's of Smith & Wesson, of Hartford, Conn , have exbibited: their new repea ing pistol to the British com ander in-chief, by whom it waa favorably received. A Paris correspoudent of the London News announces that the works of the Louvre are to be suspended. The exterior walla will be completed, but the interior will be left to be curried on under more favorable auspices. The prospectus bas been iseued of a London, Harwich and Continental steam company, with @ capital of 00,00, in £10 shares. Toe object is, In the first in- wich ond otterdam, and atraflis arrangement has been made with the Eastern Counties Railway for aterm of years, * Noman Catholic journal acknowledges the rece!pt of @ curious letter from an Irish correspondevt at Loviaville, Kentucky, in which the writer gives a sketob of the persecutions suffered by his Roman Catholic coun- rymen in the United States, He states that “the thing cailed @ repubhe is ruled by Protestant ascendency;"? wut he edds that, lke Kidkeany eats, the natives are al remly cutting cach otver’s throats, and if they ocllow up choir nparchy the republic ison its last legs. Le states ‘here is a flerce hostility against tho Irish for no other reason then that they are Catbolics, and that the hatred to Cathovies of all nations ts dally becoming more violent ‘le adds that a great many Irish Catholics arc preparing to emigrate to Buenos Ayrer. The Londen Times of October 16, eaye:—A letter from Bombay, September 12, to our Portamouth correspondent cives the following datatl of the proparations making by Gear Admiral Sir Herry Leeke ( sommander in-Chief) to supply the naval contingent of the expedition to Persia:— With this you will recetve the account of the expedition now getting ready ‘or the Persian Guif:—-6,060 men, bo- sides seamen and marines, who will amcunt to 1,000 more: 14 steamers, tix of them carrying from ten to four 68 pounders; 10 heavily armed gunboats, four schooners, and oth-r cratt for tanding troope; about 20 or ‘24 waneporte—it wil be very compote; tho Island of Karrack wii] be taken first, for the purpose of getting waler, but we think of taking both together. We trust tbat Sir Hengy Lecke will command the floot in person, and take the places with the seamen. If he dors he will hoiet his flag or pendant on the Asesyo or Punjab, heavy “team frigates (sister ships), carrying each tem 68 poand- ere and 240 men. All are bard at work getting the ex pedition ready, ‘The Directors ef the Bank of England have adopted further restrictive measures, and now altogether refuse to make advences on government securities, exchequer bills oply excepted. Consols closed Friday, 17th, st 91° for money, 91); a WIS, for theaccount Baltion in bank decreased £644,000. Bar silver 66 2d. Mexican dollars Ss. 14d. agles 768, 4).4, Notwithstanding tho {ncreasiag ¢ {culties arising from the unfavorable position of the money market, holders of cotton exhibit undiminished confidence. The | iverpool markit had beep active and prices firm, private circu- lars quoting 1-16 to barely | ,d. adtance on the middiing qnatities. . A fair consumptive demand hat been exhibited for wheat, at slightly under the rates of last week. Flour continued nearly as dear, and good qualities met ready sale, Indiau corn bed attracted moro attention, and was quoted 6d. a 1s, dearor. The wea'her had been unset! led, end the ground was in an unfavorable condition for seed. Freights were slightly improved. Rates (rom Liver. pool to New York were—For iron, 10e.; sult, 10s. 124, cd; dry goods, 10s. a 17. €d.; hardware, ed.; eartheaware, 8 ; parsengers £3 @ £5 Ge. gross. Manchester market (rmer, in consequence of fwrorat le Indian advices. Our London advices report business in American secu rities very limited during the week, at slightly reduced rates, The publi-bed report of |), Beil, Son & Co., Low. ever, doseribes more activity, with both State stock and railroad bonds more {reely offered for sale at the follow. ing quotations :— Caned States Six per Conte, 1867-8... 101K 8106.5 Uattec Staves S\ per Coat Bonds, 1808, 104%, & Lud Alabama live por Oent Bonds... , a) Kentucky Sia per Cent Bonds, 186! aw Maryland Five por Cent sverling a Marsachus ‘ye par Cont Steriing Lond 2100 Venneylvania Five per Cunt Srerling a 6 De. Five per Cent Bonds, 15 a 86 Virgivio Six per Cent Bonds, bse. a 8 liinots Central Seven per Ceat. 18 a 8 fo. ‘Six por Cent. 1 a 60 ix Seven per Cent, (f. lang) 60. 93 = 04 lo 5 eeeessee hal’ Mic\igeu Central | ight per Coat, 1869 ea HN N. ¥ Con. Six per © nt, not cony., 1 80 a 82 le. Seven per Cont, Ited..... ..... OL a N. \_ & Erie Seven per Cont Ist Mig, 1867. 9 «100 De. Seven per Cont Sd Mig , lo. Seven per Cont cone, bo Seven per Cent (eink. Peon. Con. Six per Cent tet My, 1 J aname Seven —— lst me. Be De. Y Our London Correspondence. Losnon, Oot, 17, 1864, Tie Mediterrancan Squadron for NaplsmAmverica Claims the Pree Navigation of the El'e, A telegraphic despatch from Parle announces that Ad mirsl Dandas bad weighed anchor and left Ajsccio, on the receipt of a despatch from the Hnghsh government. The despatch omits to ray, but leaves It to be presumed, that the squadron bas sailed for the Bay of Napics, The French Sect was to get under weigh at Toulon tiumedi- ately. ‘You will probably receive further {ntelligence betore this closes; meantime the fact has caused a stir, The crisis is approaching. It is true the report now Is that the fcets are not to cast anchor before Naples, but to show themsolves in the vicinity. ‘The vitimatwm bas been sent and deltvered. If the King does not agree to It the English and French envoys are to be recalled. If ithad not been for tho {inanciai would have been, ought to have been adopted bofore this, or else two Powers like France and England should not have sald anything at all The Neapolitan are laocbing at thom, and the King, after his last visit to Gacts, taco tiously told the officers thore that if persbasce they bm yny thoy were to tet govern. Hamburg would act shoud in futare to pay these dues, It may be observed that the tariff decreed at Dresden, in ‘1044, wae never officially recognized by the United States government. | may acd that tho note ix wi ition ina firm and decided style, and expresece the resolution of the Washington Cabinet Ga'tm from Gavoyer the free parsage of all American prodiice and merchandise. Raw Cotton is partioularty mentioned as one of the articies. No answer has yet been given. ISPORTAST FISANCIAL BEWS, of Commercial Specu- ladious of France, dic., de» THE LONDON MONBY MARKET. Lonpon, Fiapay Evasing, Oct, 17 — Coe tate and fuiure prospects of the money market contiaue to ex- cite uneasiness in the commercial world,and. the irec- tors of toe Bank of England bave, on twooccastons duting tbe past week found it necessary to adopt fresn measure Of revtriction. On Tucacay they resolved that advaace: on etek rhould be limited to seven instead of 1! deys or month, as heretofore. At werkly ‘par- tor,’” yestorcuy. they came to tbe decision to altogether refuse 0 make advanves On governmont seouritics, ex- cbeqver bills exeepted, " ‘Tuere is no prospect of an early amelioration in the money market, ipatmuch as the Bank of France con UDves 10 purchase gold as taat as it reaches, and alreaty the eupplies recived per asia aud the Champion of the seas bave beep swallowed up in the demand. Large quantities of thé precious metal have also been takoo ‘rom the Bank of Kuglana datly for tbe conticent. Tar movemen ia of bulhon are watched by the commercial #orid with the closest aitention, and bank direstors are prepa ed, tt ls etated, to again advance the miaimua rat of dl count tn case the existing rates prove insutfic:ent to cbeck the drain of gold. The payment of thedividends commenced thir week, when a large portion bad ad vances obtained from the bank during the shut a repaid, which will give temporary ease to the mar- et, A torther supply of nearly haif a million aterit be shortly ¢ Pee hy per the James Baines, tron en bourne, ax that veaeol 4 now at een sixty-nine days. ing the Tith ‘ot Uetober, gives (ee foloway meee, ending of Ocwber, gives the when compared with the previous week :— Kose Pubhe depovits.........,£8.0'1,601... Increase, £242 002 Other deposits, 848,012, . Decrease... 474,640 Rest 8,058,475. . Decrease .. 647,013 On the other aide of the account:— Govornment eecuritios. .£11,::76,005..Decrease.. £86,373 @iber securities , + 21,040,127,. Decrease... 635 847 Note unemployed . 8,725 590,. Decrease... 265,970 ‘The amount of notes in circulation is £20,642 780, b+ ing ‘& deorvase of £388,376, aud the stock of bullion in both dey artments te £10,14' 067, showing a decrease of £644,- 1H when eompared with the preceding return ‘The builion market bas been very active this week, there bavicg been larger arrivals both from Australta ‘and the United Siates, and the departure of the India mal! having caused considerable demand for export. The arrivals. being principally in gold, bave been taken almost eatirely for the Con «nent, and thus the drain on the bans -tores bas been lightened, but it is feared, only tempo rary. Ihe India mall did not take oat quite so large a quantity of silver as usual, owing, ina great measure, to tbe bigb rate of discount; but any ease iu the money market wil again bring largo orcers {or doilars and bar silver, wconearo 1M agitated atuce our laa, apa a material decline has taken piace in the value ¢f ali securities. Tbe increasing stringency of the money market, the restrictive measures adopted by the Bank of Eng'and, and the movem nts of the Bank of Franco, have all exercised @ pre udicial effect upon . Theex pectec rupture between Naples and the Western Powers, epd the reported sail: of the fisets to that kingdom, bave added to the duilness. Yesterday, oon-ols tor money opened with animation at 91°, to 913s, owing to @ very ceneral report that the Bank of France had gus- venced specie payments. The, statemnt, howover, ap- peared. to be ttally without /oundation, and a relapse took place to 91); The roarket was further affected by n announcement that the Bank of England bad decilacd to wake advences on auy covernment securities except excbequer bills; aud consols gradually declined uoti! they reached 91 for money. and ‘|, to 91%, for the 6th of No- vepLer, at which (Ley remained to the close. The consol market was better this afternoon, and closed for money at 9134 10 9145; apd for the account, 914; to 91"{. The tollowiug table will show the fluctuations {2 consola ainoe the 10th rst:-— coed? G25 Oli, Oi, OI In foreign secures tuere bas been no unportant move- ment, except ip Turkieb which haye been sub- to cneiderable fluctuat: Statements that the Porte bas been compelled to borrow at « high raie of in terest the mopoy neces for the Octover dividend have contributed maieriaily to depreciate the stock. The | onion railway share market bas generally fol- lowed the course © coneos, and trai sections have been an the moet limited scale, at a goneral decline in value. ee Se oe bavo Leen quite neg- lected, and prices are merely nominal. Vai roports were in circulation in London to the ef- fect that the Bank of France would certainly euspend #pecle payments, but these rumors seem to bave less feundaticn than tbey have hitherto had. ettors trom Ports continue 10 express un improved feeling, 4 the demand for money was stlli vory severe, and dis- count for paper baying more than two months to rua wee not to be wed. With regard to the all cou tract wih Messrs lothachild for the purchase of specie, soch*s contract dors exist, jut the amount was kept recret. M waa, however, known that large orders have been In the —— ‘toni. og for —_ ume to buy ap all the go! may ay i¢, Dot Eicaten! cate, Wut in the United Statcs and Ger- my. lv er bas been atstracted from Sweden to an extent tbat threatens monetary crisis. ‘The mat] steamer (rinoco had delivered at Southamp ton $1,060,555 im specie from the West Indies. The bankers of Leip-ic ant Breslac have bound them- relves pot to send silver abroa/|, and a similar <ecision ta ex] ®t Berlin. In connection with this subject it may be mentioned tbat the Board of Commarce of Ham- vurg bas sent to tho Senate, with @ favorable recommen- + ation, @ memorial from the mercbauts in favor of a gold »tandard for Germany, (From the London Timos, Wf Article, Friday evening Ort 17 | At the commencement of busness the Hoglish funds oy iwereased heavipess without any aasi; le ;, but, sitbough they remained dull until ly tho middie of the day, the market was ultimately firm, and the Igteet transactions were at an improvement of one q per cent on yesterday's prices. Money was in foll supply in the Stock | .schange, in consequence of tho amount brovgbt in by the public for stock. \tthe iank of England there was a steady but not an excetsive don eng, and in tho open market there was generally less predsure. ‘The letters from Paris to day are again lees diecourag wg. The half month settioment had passed off well and money was more casi!y obtainable, both in the Vourse apd In the discount markets. ‘No gold was taken from the Bank of Ungland to-day for exportation. (From the London Rowe, (ony Article,) Friday evening, } Notwithstanding tho freah restrictive measures just adopted by the bank and the antici; of an _unfayvor- able 1 torn from that institution, various Stock Fx. ehaoge markets, although opening fatly, showed a do cided increase \p firmness this mem The funds experienced @ steady upward movi firally closed *; per cent above the 4 o'clock q of yesterday. i mer: ement is main'y attributable to the invest- men's of the public, which, as wo andcipated would be the case, have been stimulated by the recent fall, The re-inveaiments of the reciptonta of d.vidends form espo- cially ap interesting feature of the market. ‘The advices from Paris relative to the progrees of tho rettioment oa ee considered than was ex; In the ‘diecount market to-day tho supply of money was rather more liberal, bot the Ls ga were fully main- exceeded. Exchange money waa also owler, the th the Stock ee dl ° dealers baving apparently over fut meetves for the, mowent, but the rates for loans were still aa bigh os 6) to 6 por cent. No tele graphic intelligence waa received from the Paris Bourse to-dey. [from the Liverpool Oct 18. ‘The condition of the money market tn thie country and in France ¢ tho week has been one of painful ing ali the precanticns wh bave been taken, and ra- mor of the Snel Treats Nevins oenpentes specie or tw Cc very departm: the iniluence of the une at tate of things. ie are ceany saat oat ratoae monetary laws, an: wo & bend, is not distant when our metalic vert bana ta.an abomination expressly devised to pope) ‘and ewell the nen bahay Sy told ven a om ach ia mada one t J wi stg at ean eee on tho Lith of October. tnd A portion of Whar nak uodoreaxing aro and & ron oes India, Company ‘end for Tor. Vey. The ratiway will enjoy exclusive will Fecctve the lane gratuitously” asd will be From the Liverpool Times, (ct. 18 ) ee calied the kr i way, and with tho Nathoritics at Constantinople. the line », connecting ith the Mediterran i it bas offered to guaranteo six per cent on tho outlay, The work will be undertaken by an Pnglirh compywy, pal Dh. TE a the cw ae wom quite op "9 Cy es a 4 valle to Turkey respecti the apeoulaticn prom! ics to be bigbly eucocestul. neg m THE FURTHER RESTRICTIVE MBASUBRS OF THE BADE OF ENGLAND. [From the Lonoo: News, (City Article), (ict. 17.) The pects Of the market are exciting in- cres uneasiness The demand for money yesterday in the otscovnt marke: wa: very a tive, and the currout rales are bow above those of the bark. in fact, money ‘Was gob< rally eoarce and ught, the aividend fonds having been quickly absorbed. ‘The director: of the Bank of Encioud bave just adupted a {resh measure of restriction, bavirg Come w the cecision to altogether refuse edvauces: Ob goverument wecuritios, exchequer bilis excepted, 1 Wad) respects this isa step of serious import. 1\ iudl- cates thai the bend Ord: itself una ¢ to alord accommo dation to the Stock Exchange, in addition to the demand frei © Gdinary co™m rcia) quarters. With a view, thece- fore, to reserve the bupk’s resources for the more logiti- mate requirements of trade, the gramung of iactiities to the Stock Recharge will for the present be suspend: d The mosi important print for consi eration is the uxteat to which this step wi! pffect whe private as joint stock Deukt +b Oo: ghout tbe eonniry, wnich are b. ere «f government rt ck, relying wpon its being at al avstieble (or rawipg loans upon ia time cf need ‘The baivra interference is tnst these establishments, in the evectof @ continuance of the pressure, will be com- ovlied to throw stock upon the market. the bank move Mbt coes not “em to have boen prompted by any imme inte increase of demand on the part of the Stock Exchopge, money being rather easier in ‘‘ the house,’ owing 10 the release of the dividends, coupled with the “te a0y ab-crption uf stock vy tbe public t the judg ment of the bapa autborities, however, this state of ‘bings probably covativuted @ tavorabie opportucity ‘or tbe ebforcemect o! the pow measures of restrictioa. Had the ecuouncement besn made at a moment when the took bachange was greatly pressed for money, the pre Judieial cflect upow stovKs ard shares would have been th wore severe Although the decision of the direc- rs ecw, in we first muatapce, govorvawnt stock only, ‘ous that ali descriptions of aecurit mast be more Or sees prejudices for i private and joint stock banks, and oiler dealere tu money, are rendered loss wil- hing to lend upon ,Overmment stock, \ follows that atill greater ondeulty will be experiouced ta obtaining ad vances, upen railway and other lear oligible securstios. Iu every port of view the measure ie caculated to ope. rat? GB O great discouragemen, to all parties who ere holding pecuriiles upon borrowed money in the bope of a tally The general appearance of the money market is evilicieftly discouraging to call for the exercise of ox teme cauhon iD everz quarter, since no oue can feel eat ence that further restrictive rousures may not be adopted At the same time it muat bo borne in mind ‘bat the tigbtncea Dow experienced ts tho very weapon “por which Oe Bank of Eog’und relies for the means of warding of tho attempts of the continent to supply iwelf with money bere Capitalists. who bave hitherto 1ouad oc\t uy tn saetng movey on stock for erapioy mont {a vbe remittance of goia to the continent, wii now find bear operations greatly impeded. Meanwhite, the un ‘im nisbed coniigence of the pubii: is indicated by their constant mvestmenuw, wdich will become more active as wees recede; end tbe soundness of trado is amply vrovea by the absence of commercta! embarrasements. [From the London Herald (City article), Got. 17.) If the directors of the Bank’ of Engtand henitatea long vefore bey raised the rate of interest ‘rom 4 Sper cent they deve cortinty Rotrbown any disposition to sontinuc ta that frame of mind curing the past fortoight. (ce measure of restriction aftor another nas followed with rapidity, and long ere the mercantile commanity rave bad time to settie down under one change they have been called upon to bear with another. On Teesday the DAD’ gave rotice advances would not’ be made om eovernment securities. ée., for longer periods thar a week ; and yestercay, tetpy but two ‘3 later, they have come to the resoln'ion mak ances u} government securitirs, 1, except upon excbeouer bills. How lopy these spasmecte changes can be endured without cisaster im @ question which is in the mind of almost every commercial nen, apd the only wonder seems to be that the n ercantile commun'ty have been able to sustain tne prereure 80 well a@ they have hitherto dove. There mivet be @ 'imit, bowever, and, judg nj: from past expe. rience. it would not appear improdabie toat that limit bas been almest reached, when it becomes an imperious ue- eewe\'y tor the government to take steps to afford the rejet which it is otherwise impossible can be obtained. It is stated, with what t uth will be seen, that the re- serve of notes in the banking department hes been re- aveod below two sa: Hons sterling am: that an appeal webout to be made to the government for the per- mirsion to issue a considerable sum in notes—in fact, vuteally to repeal the Bank Uharter act. Seoh is the re pert in circles generaliy well informed, and it is most bearvily t be demred that such a step should be takeu without lors of time. The © of gold continues, and Wili, 08 We baye re ly shown, continue whilst the Gemend for it on continent continues oc the same character as at present. it is futile to sw that the advance of the bank rate withia reasonable bounds can bave its legitimate in"vence at present, since it is not the trado belapce which is telling against ts and withdraw jug our bullion, The only which can be fodowed with safety ta that which was adopted in the midst of the penic of 1847—viz., to suspend the Hank act. expect aay count; but we do Ore an ee every consideration of hi y. polioy, “fae, to prevent the occurrence of evils @ gers which loom largely in the distance, and which can g F ‘ot be avoided unless relief speedy and oilectna! be given from the mirchie,ons workings of » carrenoy system tailt upon an ingenions fallacy. It cannot be denied that the rates charged for @scount pow approach vory closely tothe average margin of profit on commercial from the prevent wnsatistactory porition of aitairs as it war for Fra ce, because oor commerce ant enteprise bave not cxoveded legitimate bounds. The salvation of France, bowever, bas been at the expense of England, and etm. Ply and eolety because we persist in the absurdity of ‘ing & price for gold, and making that the sole basis of our currency system. Itis to be hoped that the bankers of the metropolis, ae in 1847, will Ls (oc w the govern. ment the dangers which surround the mercantile world, and paist upon the immediass adoption of measures of reil [From the London Post, (City Article) Oct. 17.| Although the direetors of tho Bank of lingland havo not made any aiteration 19 the rate of discount, they bave taken @ step Of sewrcely less importance—namely, tho refarai to make advances except uj exebejaer bills. it can therefore no lovger be co: that the )osition of the ban¥ bas almost reached that point when the di- rect interference of government must be sought and ob- tained iu order to put an end to the unsatisinctory state of affairs at present existing. Indeed, it ts steer thast reserve of notes has bron reduced to a point so low it bow not been paralicled since the di rous year ot 1547, and it ia said im quarters well informed *hat to ask the permission of go. ernment to ise xe an excess of notes: bas almost been determined ujon ia the bank parlor. The prevent posture of ailairs is therefore most sorious, And it world be almost amusing to watch the shifts to which the bank directors have wut of Into, were It pot that cach expedient carries with it the gorm of dixas ter apa ruin. it #@ no longer the time for discussing the mer te of such steps aa have been taxen during the jaat week are 80 tracepareatiy the o «pring of the mowent, essentially of the character of e\,eriment, ‘hat they are scarce worthy of serious consideration © cept a8 producti, ¢ of distress throughout the len. tb and breadth of the and. Unless the directors of the bank intend to follow agp their work of yesterday by a u for of the Bank Charter Aci, it is searcely poreible to calculate the amount of injury that wil! result to the commercial classes from tho refusal to make ad- vances on apy devcription of government exchequer bili. In the Stock a this will bo felt pte Chg anne omag hg noe en to afford reticl, n cnormous depreciation in valuo of the national so- enritios must ensue. It must therefore act. It this de cone, it will unquestionably ailord rohet to the commercial world, and in ali probsbility will act aa much \ike a charm as did the # of the Bank F au 23 : 3 j s i i t wile i rife Beet ! Mer another long disetesion the «trectors of the F of Kogland have come to the resolution to make advances whatever een LE ay | thetr modation in the nOeR Es et ie Exeb equer: bills. i Ht if: i a if; 3 3 EDITION-SATURDAY, NOVEMGER 1, 1858. gam ty notes wherewith (> meet the Gemend fer dis counts, Tbe repayment in a few daye of the outstanding advances will necerr rll 7 omere some preesure for money doth oo the Stock F.xchange aad out of doors, and may bring stock to market. Under avy circumstances, it bas 8 tendency to caure increased cepreesion in the funds. With reference to our table of Puctday last, ehowing cer tan movements in the Bank of “ngiaud returns durmg @ Period of #3 weeks, We Would meetin direct particusar ub- ebUon to the features there disclosed. [he table snow- ed ap ipervere in the ‘Other Secariies’’ of uo less than 47.000 060 iw the hort space of osly #ix weeks We fear the sigpifeant {mpor tance of this (acrease ts wo: geasraily sppreoiatec, much lees enedrstood. livery one appears to be ulierly unable to explain tte meaving. We wbail, therefore, “as this matter i# one of great pubic iwtereast, endeavor briely to explain aud illustrate so remarkable 92 avgmentaion in this item of the bank account, First. then, the tocrease of £7,000600 of discounts im ibe — {noredihl: short epaee of six weeks, granted by the Bank of kogians is not the resait Of an¥ operauons of trade, We emphati cally say that it bas, comparativey speaking, rothiog whatever to do with trace, for the trade of the couatry bas been the whole me singularly quiet, and is so still. ‘Then is the solution of this mysterious iucrease in the cl-coonte, Nearly the whole amount bss been copueced with the export of gold. No one will dispute the fact that the increase represents any ordivary transactions of trade, Sud Do other solution than the one we have now kiven can ve fornished. We must now direct attention to tbe subioined table, showing the weekiy imports and exports of buition, and the weckly draine apon the stock of bullion tm the Back of Eogland, during the six weeks rolerred to Export f Bulli Oct. 11 £204,00 i000 “ 362.600 1,220,000 £046,116 416,000 20 000 08.250 290,000 402,000 8,703 426,000 180,000 87.457 #46 000 $62,000 208,340 136, 006 65,000 186 450 465,000 640,000 19 868 $8,525,000 4,478,000 1,808 168 It will hore be seen tbat the {mports of the precious metals have been to ihe extent of £5,526,000, and the de {a the hapk builion 51,600,000, together say £5, 0,000, agninst £4,479 000, the ascertained ebipments of the precious meals. Tho list of exports, however, bere given does not, with the exception of the wk ending October 11, iuclude the wihdrawal from the Hank of Eog ‘and, abd Coneequently thottems must be added together, which gives 26,2500 as the pearest approach i the actusl exports. This is very near to the amount of the moreage in the other securitt:s of £7,000,000. The diffe rence between the two in, say £750,000, which leaves an average of about £126 600, as the weelly additions to the seourities representivg the discounts connected with the bona fide and legitimate trade of the country. Or. if #6 ‘ake the impor te of bullion and the withdrawals feom the benk, and deduct the proceeds from the increase ta the other scuritien, We have a margio of irade discounts, eay of 21,870,000, Which is at the rate of ubout £211 666° per week—an everage which, we think, pe one w:ll consider out of the way e8 r presenting the trade of this country during the period uucer pouce. In either case the major part of the addition of ooy2a millions sterling to the item of otber scourities, ip the Dank returns, goos to account of theexport cf the precwus metale. All the bills that ere obtay able have been purchased in order w carry ov ‘hese shijgoents, and «large amount, there can be no doubt, bas been manufactured for the purpose. Tudeed, we are aware of tbe fucis to some extent, being able to ace them in tie operation. We shell not prolong the consideration o the subject any further, our object being — first, to ehow thst so remarkable aa augmentation ip the discounts is Rot the reso!t of teade: and secondly, vo afford some cxplavatien of an inc/ease which, the more it ts connidered, the greater appears ite importance. (Srom the London Trmea (City Article) Oct. 17.) tava ¥ Evavine, Oot. 16, 1856, Tho anomalous condition of the English money maricet remeize without mitigation, and the fuasa, alter some extepsivo Luctuations. have closed this evening at a fur- ther decnve of uw qoarter per cent. Console for mouey, which le't off yesterday at O1'; to ‘¢, opened with ani Mation at ¥) >, to 34, OWlNE ww Vory general report that the Dankof trence bad euxponded apecte paymeata. It es seen that, isuch wero the case, the artificial de d for gold now existing on this side would at once cease. The stacement, however, appeared to be totally wcopsietevt wrth the expectations heid ou; in the letiers from Fravee during the part two , onde relapse ok place to 91';, Some purchases by parties \nown to be cor pected with the Mars Bourse then caused @ re rewed bobef in its probsbility, and thore wae a sud- dep advance of « half per cept, transactions baving oceurred atf]);. The non arrival of any official con- tiswa'lon soon’ produce a fresh tendency to reaction utd at this period the mar! ct was further affected by aa apnonnoement that the Bank of Hogland had declined to make acvances on uny government securities exorpe jer bills. The Court of Directors bad heit ® pretrected sitting, and upon an application being made shortly alterwards for a tony of 00,000 upon stock, thi« vecision was made known. Mvery deparimeat of basi ress waa afierwards e¢xccedingiy heavy, and consis gradvaily declined until they react ed: 91 for and 9124 to 9% for the 6th of November, at which 1noy re- aiDad 10 the close. Nevertheless, the course pursaed the bank was atmitted to be perfectly ‘The Fificniene Sr cessent one ee eewemel large, andif at the rame time the wants of the Stock je were or to resort to sales of stock om their owa account. The fius! qoo ations from tne Se Gee failed to arrive, tho telegraph, probably, being employ in the communications betwcen the two governments on the Neapolitan question, Shortly after the opentng trans- actions took place in the Three per Cente at o7t. bc. for we end of the month, ehowing a farther recovery of three eigbtbs per cent. ‘The acounts from Pars today regarding the Bank of France are rather at the Just eilec'ed on this sive, the accounts should dering the bext week sppoar unsatisfactory, the prospect of apecie payments being maintained will beatwost giveu up. Ac cording 10 some rumors, an issue of potes ls contem- plaved of 26f. and 50f. each. ‘The Bank of Amsterdam bavo raised their rate of dis- count from 435 per cent, at which it was tixed on the 20d ult , to five cont. Tits stated ‘that the shipments of specie by the Penin. sular and Oriental steamer Indus on the 20th will about £460,000, On this occasion there w no mail wo THE GOVERNMENT TAXES AND REVENUE OF FRANCE. [Parts (Oct 16) Correspondonee ot London Times. | The Moniteur publishes the returns of the indirect taxes and revenues during the nine months of 1866, ended on tbe 1st tpst., which amounted to 764,215,000, ‘Compared with the receip's of the corresponding period of 1866, thoro 18 an increase of 64,4291 06f. ‘The different items of these returns aro)— Re a ort; duties, ke. Ptr ‘ogistry duties, mortgage % d Stamp doties......... 000 Import duties oa core... 000 Do. mercbendive 000 f = 2 3 Transit duty on foreign corresjondence . sete cece eee eee ceee eee TOE 218,000 The items which exhibited an incroase, compared with 1868, were —Regirtry du! Ly = dutics, &c., of 17,241, CO0f ; etamp cuty, 9,582,000f . import duty on corn, W ; do. o French colonial sugar, 0007. ; ox- port duties, 247.000F ; on thuors, 21,769,0008.; do. on Oot; miseelaneous duties and tale of tobacco, 7,520,000f.; enle of gunpowder, 1, OCO1; postage of iettors, 1,590,000f.; duty of two centon money forwarded through the ‘tice, , transit duty on foreign 4, 00OF. , aociden- tal rece!pt, % 344, 6008 ‘Total imerease, 8¢ 3 The iter which exhibited « decrease’ ware duties on merchandise of 8. 8¢2,000f; do. on foreign 4 16,C51,( 001; euncry custome duties and revenues, a cbt alt (ax, 459,000f. ; fares in mat] cons: 77,0001, ; packets, 8,000, Total decrease, 718,008. tho decrease of tho receipteduring that quarter, Itie only the jnenoe of the paymenis mado tn July leet year in tion of the new do. cime. A diterence of seventeen millions took place in eG 1c Uuch depended on epost Geen, wn it tbie wi soon be recovered. Already the month of September PKiK TWO CENTS. ies. ee ‘The bar Prd a sarees by the re- ure mare then prove actual Arreumenhe roceed, as was said by Me Minister of Finaxes, frow ‘o¢aments! Cause, but from causes of # mere tomiporery ature. THE AUFTRIAN BUDGET For IRGT, [Vienpa, . 14) Correspondence of the London T Yesterday eveving Baron Bruck left this euy for end tt is whispered that be basteken with bia & bu for the yeew 1857. in which the vevence t# m to hunce the exp rditure. Of course, no guarantee ix gtvem fea the correets eas of the last pait of tho eee, bot, as the Mtoister of Pinance proposes to raive some the taxes alytady exirtiog and to impose mew ones, tt’ wy tefely be concluded that in 1087 the dofie:t will be @ Dore tri ‘ie iveomparigon to what it bas beer duriog the leet vigbt years, If proper ecovo is observed in the War Departnert, an? Baron Bruck remains {9 offive the finances of Auswia will probably be * Tebsiultatet,* but im my opi ome time must elapse betore epee ean be made to mect. ‘The porition of the Ni Bork bas improved greatly, but it need bardiy: be set that tis not tikely to resume its cash payments for masy 4 long day tocome. As yeu learnt from me come a ce, the stock of apecie actually to the cel ars of ok amconts to about £8 100,000, but infer mation bas been eeqnired that the iaetitution tp ques ‘on 13 alto ip possession of foreign btlie—on ye rg, Parix and Sondon—of the valne of £1 400, 2 lebough the meia'ic reserve waa far larger in Septom~ ber than ip the pet ing month, the balsoce short of the bark showed tnat the wazt of money had beeo a great bere ue cleewhove The bank notes in circuladem~ \y September bad a pomtns! value of 286,824,920 — which 's simeet 8,000,000 move thax tp Augnst—amd (he bul portfolio waa ierger by 10,606 00d than tt bed been (or many months before If is Armly belteved tm Oeder city hat the fran es of Bronce are in much tne same date’ ae these of Aust ia were after the Hiclan and Ee wars, ane that she will eventually be obliged (9 have recoree the same exreme mowires One of thoxe measarem was, that the legs were obliged to take the noser of the State and Bank at a ‘forced course,” ema: tbe result of it was that the prices of ah the none aries of Life immediately rose im proportion to te ovference which there wae in the market betweem realand Domai money. Av the highest premium om silver was come 48 or 80 per cent. the trades people tudo that aiflerence in their prices, aud those prices ere aluost urchapged, withong? the premium on silver few long been but trinivg. There is a vas: difference betwoam tho character of the French gad Austrians, aud the Raa~ peror Napoicen will perhaps, do wel! to recollec that © measure whiob could be taken with fopunity in (hts Ovmme vy may be attended with very disaetrous comequeneer ‘a Frapce. A strong impression prevails here at @e tar of Napoieom is on the del ne, aad therefore F eet wud Engtizh d!plomatists will do well to keep both over 4 are open. Austria ba: aways been ovliged to hawe ‘ome great continental Power to lean on, and the probe. buity 1s thet rhe would immediately endeavor to renew the alliance with Rus-in if any untoward event chow cecur ip France. The tact that the Austrian Court woutd attae) no importance to the alliance of Eugiand withes that of Frauee ougbt aever to be lost -ignt of by Bettas statesmen and diplommti-ts. COMMERCIAL SPECULATIONS IN FRANCE—Tmp FRENCH RAILWAY DEPAUUTEES IN NEW YORE. [Frou the Loudon Times, Oct. 17.) Mr. Robson, of the Crystal Palace Company, has fare been doing. on a er scale, what the rinaway ¢m> ployees of the at Northern Railway of France meve bern eMeeting in @ more magniticent and wholesale mame ner, The charge exhibited ageinst the Fresh tuguves who have just been arrested at New York amounts te ibs, that Carpentier and Grelet the elder abstracted from the celiars of the Great Northern Railway Osa» wony o large number of shares, the property of the Kotbscbild house, bet deposited with them for bone sake, ond that Parot and Grelet the younger, a yours some teventeen or elyhteen years of age, wore siding upd abetting in the crime. here appears t be a ear- tain doubt as to the guilty complicity of the person mas pemed: and, considering bie extreme youth, we tbat the dovdt may be sustamed. Never was heres robbery or fraud more easy of coraprehenaion. M: «Pild, as we have said, bad deponited with tho compapye pumber of ehares. Of these the two prisoners, were io (be employment of the company. bed abstracted: 4,100, ard spread ther upon the market in the hamds of diterent hoiters, It vas teken eas @ metwr such evident notoriety that M Hoths utld was ben totally: ‘wierested in the shares in question, and that the neces sary Cocoments were in the costocy of the company, thas he ws pot called upon to produce the cou; - ryidepds upon them accrued due. These dividends veld 68 @ matter of course. On the otber hand, +e of the coupons which had been sbatracted ‘bem for peymeot in due ecason, ead they repeection Op the face of it was pe «ived their dividends. Fore time the fraua with success, but ii was tp the nal qury Tmust €00n arise. and then ex; he secomplices < ted bm reachirg New ms fier some celay, they were brought up before entered {nto betwren United States and France some ten years «go. phrase im thie convention whien bem cccurr in the second articte, in whieh * ment by public officers * is spect ted ax one of tor which {12 provisions are to be pet in force eg tves from jnstiee Now, w ii ® 3 E ' | tm safety. In f ’ vf 538 HF ! very desirab! +ueb @ description ebould be brought to the other band, trom whai wo cam see which they appear resolve. te defend themsei: ie prosecution carrie? on ogeinst them ip preecot moment, and ip the actual critical condition Frerch finances, will provabvly be atten ied with so weundal a8 prove ap omburreasment which the goverm- ment would giadly sro'd With rd to the accusations which these met the lead’ capt must rever cy owe sight of tne that ‘bat tl are actoally thieves and romaways. Their tee timony the testimony o” persons whe are dwcredited. 00 Dot nitempt to deny the crimes of which 4 are necused, bot way, io “We are no worse why neighbors. tend perropage ‘n !'rance com tinggas 4 they, however, bad political power to bolster frauos, apd the means of commanding ance of it. Above all. they have Now, we do not for one moment mean to forth as the dafenders of stock jobbing in Paris, Jeast the dishonesty of ctoers constitutes no exc the open and apparent crime of toe New York prisonare. It is no paltiation of a frand such a* theirs to say, “There was fraud in tho air, thero was fraud above us, aad (read «round us, and fraud beneath oar feet’ If ovory jobber who entered the Parisian Bourse was tralicking without means of payment {np caso of reverse, we cannot noe. why Messrs. Carpentier, Grelet, and Parot should beve stolen M. lothsen{id’s shares, and disposed et them to eatiefy claims which arose out of their ows in- rane spec Whatever otbers may have bees, they are palpable cheats ani Uueves, conv cte’ upom their own testimony. itis, no doubt, most deeply to bo deplored that leading French state-men, the rellors and immediate advisers of be reputed stockjobbers. Thi ie the world that the ites ii upon this subject are very different from oar ows. Wero the portraits of all tho French statesmen whe bave reared tho edidce of their own fortenem i i i E é & ples ra¢ically vicious. If for the time a government may attain a certain d. gree of popularity by aiding commerce fon to tide over @ difiicuity, the of reaction will surely come, brery leuiens every til vend oy the 7a iy 3 & f i i