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The effect of the French panic in England should not

be great, the British public caring little for French speculative Stocks. There are, however, two dangers to be noted. One is that French holders, who must get money, will " unload " here, selling at almost any price—the fall in Turks, Egyptians, and the like, is already heavy—and so produce great excitement, and some loss ; and the other is that some English Banks may have lent their deposits in Paris, to keep up the market. They should, under the French system, which guarantees that brokers shall be capitalists, get their money back safely ; but if they do not—if many brokers, that is, fail—there may be a bad quarter of an hour in London, too.

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