The New York Herald Newspaper, May 28, 1849, Page 2

ee. Tuvusvar, May 10, 1849. Important Events to France—The Fourth of May—The Expedition ‘0 Rome—Magnificent Display—Its Effect on the People—The Approaching Elections—The next Pre- sidency—Important from Rome—The Cause of the French Intervention— Socialist Candidates for the As- ee ies been signalized by two conspicu- ous events—the commemoration of the oponing of the National Assembly, and of the proclamation of the re- public, which took place on the 4th May, 1848; and tho Janding of the French expedition at Civita Vocebia, andits march te Rome, for the purpose of overthrowing the Roman republic. proc/a'wed there after the exam- plo of France, and of re-establishing the temporal power ofthe Pope. It will bo acknowledged that at the first glance, at least, these two events stand In very curious juxtaposition; nor will a more close examination ren- der the comparison less remarkable. It is pretended by the leader of the French expedi- tion, that the object of the government is merely to en- sure to the population of the Roman States the free exercise of their suffrage, and to ascertain, beyond all questien, that the majority of that population are real- ly in favor of the republic which has been proclaimed, and against the restoration of the Pope to his temporal powor, I[t-is pretended that the French havo a devoted reverence for universal suffrage—so devoted, that much as they love republics, they cannot acknowledge the Roman republic, merely because the question of repub- lic or no republic hay never been submitted to univer- sal suffrage, and because a conviction provails that an immense majority of the people would vote fer the r: toration of the Pope, and the abolition of the said re- public. Now, allthis renders the comparison of the two events, simultaneously occurring, which I have nbove mentioned, as the more curious, for it is noto- rious that the question of republic or no republic has uot been submitted to universal suffrage in France, and this objection to the French republic itself, has been in and again repeated, until one is tired of hearing nay, it is further contended, and not disputed even by the partisans of the republic itself, that if the ques- tion of republic or no republic in France had been sub- mitted, or were it even now sumitted, to universal suf- frage, the republic would be revoked by an immense majority. One would think, therefore, that the grounds adopted by the French commander of the Roman expe- dition were rather ticklish, and that Mazzini might re- tort upon him with some effect, by advising him to look nearer home, At all events, the matter is too cu- rious not to excite notice, The ceremony of Friday last was surrounded with extraordinary splendor, so far as decoration, illumina- tion, and feu d’artiive went. The vast area of the Place de la Concorde was surrounded by a perfect wall of lamps; great urns or braziers were placed at short distances asunder, in which blazing fires were kept alight. The Egyptian obelisk in the centre, was sur- rounded by @ magnificent canopy, glittering with gold A square platform, approached by flights of steps, co- vered with carpeting, surrounded it, and colossal statues of allegorical figures were placed at the sides and cor- ners, The bridge of the Chamber was similarly deco- fated; four immense columns being erected at its cor- ners, on each of which a colossal statue was placed. Ascending the Champs Elysées, the great avenue was illuminated and decorated in a manner similar to the Place de la Concorde, as far as the fountain of the Ronde Point. In the evening, fireworks on an extensive scale of magnitude were discharged from the space around the Are de Triomphe of the Barriere de I'Etoile. A similar spectacle, but on a less extensive scale, was presented at the Barriere du Trone, in the Faubourg St. Antoine. Now, you can easily image that in other times, such a five would have attracted half of the po- pulation of Paris, and that large as the area is, of the Place and the Champ Elysées, it would have been dénse- ly crowded, as, indeed, it used to be at the annual fétes, very inferior in splendor, given before the revolution ‘Whatever may have been the cause, the result was not so, I was enabled to walk, accompanied by ladies and children, with the greatest facility and safety, while the fireworks were being discharged and the interest of the spectacle was at the highest point, through the Place, and along the avenue of the Champs Elysées. ‘The Place was far from being crowded, and the specta- tors took but little interest, and expressed no enthusi- asm, This has risen, in a great degree, from the fro- quency with which these exhibitions have been repeat. ed, within the last twelve months, The Parisian popu- lation, fickle at all times, have got tired of them. They are like a theatrical performance, which has been re- peated so often that the house has ceased to fill; but, independently of this, the various sections of the ultra- democratic party disclaimed all partieipation in sym- pathy with the celebration, They regard the opening of the Assembly as having been their knell. Until the 4th of May, MM. Ledru Rollin, Flocon, Caussidiere, Al- bert, Louis Blanc, and their other leaders, were in the ascendant. The moment the Assembly was convened, it became evident, from the character of a majo- rity of its members, that this party would be ren- dered powerless, unless, indeed, another revolution were to restore them to their supremacy, by the overthrow of the Assembly. Such a revolution. as you know, was ac- cordingly twice attempted—tirst on the 15th of May, and nexton the 24th of June, and on both occasions was signally unsuccessful. Some of the present leaders of the party are expatriated, and the others are in anxiety and doubt, as to their return to the next As- sembly. It is, therefore. not surprising that this party should exhibit little enthusiasm on the occa- sion’ of the commemoration of what in reality was their downfall The extreme republican party are ny sneering comments on this great celebra- sbeen said, among other things, that the he ministerial officials for at- to the great public fanction- aries, announced it, not as the celebration of the pro- clamation of the republic, but as that of the opening of tho National Assembly, the word republic not once oc- curring in the ni Notwithstanding these contlieting opinions and sen- timents. the week has passed with perfect tranquillity, One of the difficulties which beset the government on the occasion of the evlebration, was the question of the amnesty. ‘They have surmounted ever, by announ- cing that 1,200 of t ts will ultimately be pardoned and liber: must be done car sit would not be safe, at onc » Jot loose Upon society sueh a number of individuals, animated with the sentiments known to prevail among them, and without their haying the means of employ- tion cireular notes issued by tendance on the occa ewise to prevail in regard to the . a6 1 have already informed yo Sunday next, the 18th. Whon it 15 membered how Paris was covered with bills and pli. | cards, presenting every fe 1 to the public before the elections for Assembly, the actual! appeara pital is the more remarka- ble. There ar rally no lists placaré ance of af Even in the press, the subject occupies, as , 2 comparatively limited portion of the » what is this to be at ed? riainly in a very great de- confidence felt by one party and the despair as to the re A general confidence, is certainly entertained ‘ot enormous anti-republiean majority. The enemies of the republic are alarmed, or at least affeet to be so, at the extent of their own success, and they everywhere express their feara of the dangerous consequences of excluding the | democratic leaders from the pew chamber. The demo- | nwhile, do not disguise their profound disap- ust. ority in the coming chamber under the title of anti-republican. for there is no other gene ral title by which it can be appropriately designated it is #plit into factions, which are united by nocommon | bond, except their hatred of the republic, Let them onee triumph over Che republic, and these factions will | inevitably turn oyainst euch other, and we shall have | terrible civil contlicts, The Orleanists. the legitimists, the Philippists, oud the imperialists, ali hate each other more cordially and more intensely than any of them hate the’ republic. They all agroe, nevertheless, to | tolerate the republic as «hort ossible One of the results of the lections whieh is already known with consider ‘tainty, is, that the | Prynce de Joinville will be returned, by an immense majority, for the department of the Haute Marne. The Prince being under a decree of exile. this return will be declared null; but it is said that the electors will again and again return him, as they did louis Napoleon, until the power of suffrage will force the Assembly to admit him, as it did the members of the Napoloon fa- mily, and as the House of Commons was forced to admit O'Connell after the Clare election. It may be interest- ing to eay that it is agreed here, on all handa, that if the republic should outlive the duration of the present Presidency, its next President will be the Prince de Joinville, All the parties who voted for Louis Napoleon would, it is said, in that case, combine their euffrages in favor of the Prince. In short, you ace the French must have a Prince, in one way OF anotner gif (hey ean- not have a crowned Prince, they will have a President Prince, On Monday night took place one of the most impor- tant debates in the Aseembly, whieh has signalized that body since the election of the President. The news which bad arrived from Rome. by telegraph, and by va- rious private letters which had appeared in the journals during the day, created much excitement. It was stated that Gen, Oudinot had effected an entrance into Rome, as was supposed, by the gate of St. Paul; that the troops had first passed over some open ground, and thata company of sharpshooters had incautiously ventur into ome streets, where they were im diately ox- posed to a destructive fire of mus ry from the win- dows, and from bebind berries nat bad been pro- viously erected. Not having the topography of ‘the ® to extricnte themselves from A company of the 28th regiment rushed and according to the reports thore were soon surrounded and almost de after this, the General-in-Chict vety searcely the app elections. to about four miles from the gates, called Castel , there to await reinforcements from Civita Vecchia. In this affair, it is reported that Gen, Oudi- toner, the orderly whe foliowed bis, Beving been, eur- " jows im hav: and sured. Such is the substance of rounded open the reports which formed the basis of int ad- dressed to the Ministers on Monday, in Assembly. Acommittee was appointed to consult with the govern- ment on the sul and to report pomeeGaety. A night sitting was held, and the committee which had been appointed. presented its report, recommanding to the Assembly the adoption of the following resolution, The National Assembly invites t sovernment to take, tany delay, suoh measures as Uisee that the expedition in tay be t aside from the object which had been assigned to tt This was followed by a sharp debate, resulting in a division in favor of the resolution, and therefore against the . lebate was not concluded until nearly two o’clock in th mnniee, Notwithstanding the news of the cheek sustained by the French at Rome was known at the Bourse on Mon- day, its effect on the funds was not considerable, the closing prices of the five per cents, as compared with frene Saturday, not being more than half a franc lower, Your readers will, doubtless, be pried to gotat a clear knowledge of the real state of this Roman ques- tion. amidst the clouds of contradiction, from every part in which it isenveloped. Tho real truth, however, is this. It is inevitable that Rome will be occupied, The Austrians have resolved to march upon it. So have the Neapolitans; and it is not improbable that before the departure of this letter, we may have intelligence ofthe advance: of both of those powers, Now, fr the French do not interfere, one of two things must hap- pen, Either Austria and Naples will regnstate the Pon- Uff in the plenitude of his former authority, temporal ‘a8 well as spiritual, and will utterly crush every liberal principle in the Roman institutions, or France, and one or more of the other constitutional powers of Western Europe, will resist such interference, and a general Eu- ropean war ensue. The present movement of France upon Rome has for its object to prevent this, by anti- ipating Austria. and by bringing about e pacific com- promise between the Pope and’ bis people, in virtue at which the Pope will be ored to his former spiritual pean and such modifications would be made in the temporal government as the spirit of the times requires, and as would leave no pretext tor the intervention of Austria and Naples, This is the simple and casily in- be ae state of the case. This, however, is opposed by the Montgnards and ultras here, because these par- ties desire a foreign war, as being more favorable tothe establishment of their principles at home. In my last letter, | mentioned to you that the cen- tral electoral committee, composed of delegates selected from the several legions of the National Guards of Paris, and the banlieu, had chosen a preliminary list of 50 names as cundidates for the Legislative Assembly for the department of the Seine, You will recollect that it was intended, out of these 50 names, by a subse- quent ballot, to select the 28 which should finally submitted to the electors, ‘The final ballot has taken lace, and you will see the list of 28 names thus selected, in the journals, Upon this list | have some observations to make, which will not be without interest. In the first place, you will observe that the candi- dates of the ultra-democratic party, composed of the red republicans, the socialists, communists, Ke , are utterly excluded from it. Secondly, you will observe that the large majority composing it belong to the party which has been understood to be adverse tothe republic, and favorable to constitutional monarchy, but which; never- theless, has accepted the republic, at least for the pre- sent. Of the present ministry there are but thr members upon the list: M. M. Odillon Barrot, Presi- dent of the Council; Leon Faucher, Minister of the Interior; and De Falloux, Minister of Public In- struction, Now, the last two are precisely those who, in the cabinet, have rendered themselves mest obnoxious to ‘the republican party, and who have been openly denounced by that party for being secret enemies of the republic, and all but de- clared partisans of monarchy, Upon 'the same list you will find almost every leading person of the different sections of the parties Orleanists, Philippists and logi- timists, Thus you will see there, Count Molé, Thiers, Bugeaud, and Montalambert But on the other hand, there is a show of tolerance towards those leaders of the pure republican party, who, during the last year, have done service to the cause of order, and have openly declared against the Moutain. Thus you will see upon it the names of Ca- vaignac, Dufaure, Bixio, and Marie, formerly members of the provisional government. On the whole, however, the list, as you will seo, ex- hibits a decided anti-republican spirit. Now this is the more striking, as Paris is the stronghold of the repub- lic. There, if anywhere, its partizans muster in the plenitude of their strength and of their talent; there they have concentration and organization, and there there great organs of the press are in most efficient ope- ration. We shall see, however, next week what the definitive result will be; meanwhile, it may be consi- dered as tolerably certain that this list—or card, as you would call it in America—of the Central Committee, will be carried, most probably without modification, As the election takes place on Sunday, there can be no doubt, that before Thursday, the day on which I des- patch my next letter, I shall be able to inform you of the result of the elections, not only in the department of the Seine, but in all those departments which sur- round it, P. 8.—I received to-day letters from Rome dated the evening of the Ist, in which a flaming account is given of what my correspondent calls the total defeat of the French invaders of the Romans. I give you this letter more for the purpose of showing the spirit which pre- vails among certain party in that city, than for the purpose of information; for I must tell you that the smallest possible amount of reliance is to be placed upon the statements it contains, The writer, how- ever, says that the French under General Oudinot at- tacked the Roman suburbs on the Civita Vecchia side, und that, after @ bloody resistance, he was utterly de- feated, and retreated in disorder, leaving 600 killed, 452 prisoners, and about 1.000 wounded. On the side of the Romans, according to this correspondent, there were only 80 killed and 170 wounded. I give you this as I received it; but despatches are expected here from General Oudinot this afternoon, or to-morrow morn- ing, which will, no doubt, arrive by telegraph and Lon- don in time for yeu to receive them by the steamer which takes this letter, I have also received a letter from Turin, dated Sa- turday last, which announces that General Romorino, condemned to death, was to have been shot on Monday. Panis, Thursday, May 10, 1849, The Bourse and Money Market. The last settlement gave rise to very serious appre- hensions, for it was well known that the bulls had been speculating Very deeply, and doubts were entertained if it would pass over without occasioning, within afew days, a violent reaction in the funds, The settlement took place, ia fact, with some diffi- culty. Important deliveries of stock were made, but prices were not affected, as had been anticipated, be- cause the sellers renounced the delivery of stock so soon as they found the bulls disposed to accept the hardest conditions of continuation rather than aban don their position, During the last days of the month, the continuation on the 5 per cents was from 60 to 65 centimes, and before the termination of the settloment, it rose to 90 centimes, and we have heard the selle: who had stock in hand could not agree to a continua- tion at @ less rate than would correspend with a rate of interest of 10 or 12 per cent. When the mass of spe- culators found that the leading parties had expected ceutinuations until tke end of May, and thus held their position as bulls, they concluded that a mew as- pusional movement was intended to be effected before the elections, whence the general operations of the market at onee took their tendency. Still, the more prudent held aloof for the present, being desirous, be- fore purchasing on account, of seeing the 6 per cents detinitively pass 70. It was exp nd of li week. that this quotation had been d \y at. tained: since prices reached 91.10, but the continua- tions had the eflect of causing & decline to 80.45, wita but little doing. The rise had been so id, inthe month of that the « tion of 90 appeared exaggerated, induced the holders to sell; but the fluctuations of the 5 per cents during the month of April, which were be- tween $9 and 9, Would have appeared to have created much confidence, and to have occasioned a certain firm- ness in the market, In truth, however, our great. ca- pitalists do not concur in this confidence, and avow their belief of a tendency to a fall, whilst the present larch disposition in the market is evidently toa rise, The | elections will probably give some detinitive character to the market. if we may judge by all we hear in Paris and the Departments, there 1# no doubt that the party of order and moderation will be ia the majority, and then affairs will resame their natural course All kinds of news and rumors of news wi the Bourse yesterday, An impeachment against the President, on account of his letter to General Oudinot, by the party of the mountain; the entry of the French troops at Kome; a revolution in Saxony; « provisional government and a republic, and its suppression by Prus rian troops; ngland against Kussian intervention all bruited about by the parties whose interests were to be served by them; but although there were from time to time during the day some fluctuations, there was little business doing, and the 6 per cents ultimately closed with a decline of only 40e. on the prices of the preceding day. In other securities there is nothing worth notice. I subjoin the prices for the week :— afloat at three per Five per Bank Cents. Cents. Shares. May 3... 58.60 90 80 2.400 4... Holiday—fete of commemoration of republic. 8.30 00 35 2.405 2.400 2,405 2'390 Our German Correspondence, Benutw, May 8, 1849. Approach of the Great Struggle in Europe—Terrible Con- Slicts in Dresden, Brestaw and Leipsie—Meetings and Preparations in Germany— The Latest News, ‘The hour for « new and terrible confict between the revolutionary and reactionary elements in Europe is fast approaching, and tho signal for great political movements has already been given in Germany. We have now arrived at the most important stage lo the revolution of Germany and Kurope. The great struggle which is to precede the triumph of liberty or desput- ism in this country, and on this continent, is now at hand, Indeed, that struggle has commenced already, and on the barricades that have riven at Dresden, has already been hoisted the flag of the revolution. The greatest excitement at the prosent moment prevails throughout Germany, and it is impossible to say how soon this excitement may spread throughout the whole contivent, An insurreotion ia Poland, Austria, aad Lombardy, would be sure to follow the rising of Ger- many. From the Rhine, the Flbe, and the Danube, we daily receive intelligence of movements which have already taken place, or will shortly. Public meetings are held in every part ofthe country, in which it is resolved to adhere to the German constitution and to support the National Assembly. For the purpose of carrying the constitution into effect, and defending the Assembly, in case of attempts made to disperse it by main force, armed corps of voluntcors are being organized in Wes- tern Germany. A great convention has been held at Kaiserslantern, near the Rhine, in the most western province of Bavaria, in which tho separation of the province from that kingdom, and its incorporation with the German Empire as an independent State, has been resolved upon. A provisory government for that purpose has been appointed. Movements to the same effect are going on in the Prussian provinces of the Rhine, I havo lately seen letters from the Rhine, “addressed to persons in this city, on which every reliance can be placed, and which all concur in stating the feeling in favor of separating from Prussia and Bavaria to be unanimous in that part ofthe country, The town council at Cologne has is- sued asummons to the whole province to send dele- gates to that city, for the purpose of consulting upon the means by which the German constitution is to be mt into operation throughout the country. Aeccord- ing to the latest accounts, this convention, though it has been prohibited by the government, is about to take place, From Darmstadt, Brunswick, and other cities, we have accounts that the civic guard has al- ready taken the oath upon the constitution. But the centre of the movement, at the present moment, is Saxony. In consequence of the refusal of the king to recognise the constitution, the population of Dresden has risen, and Leipzic and other cities are about to do the same, A desperate struggle between the citizens, who are supported by the civic guard, and the mili- tary is, at the present moment, going on in tho capi- tal, It is impossible yet to state what the isauo of the sanguinary conflict will be. By the last train from Dresden, We have been informed that the troops had advanced into the part of the city called the Altstadt, which had been exclusively occupied by tho citizens for the last three days, and that several barricades had been taken by the military. The king has fled to the castle of Kwnigstein, and a provisory government, which conducts the operations of the insurrectionary forces, has been appointed. Two thousand troops from this city have been sent to the assistance of the Saxon troops, and several more Prussian regiments have already received orders to proceed to Dresden,— The military forces in that city will soon amount to a number, against which it is believed the citizens will not be able to hold out, if reinforcements from other cities will not be sent. From Leipzic a corps of volunteers has alread, pireaeeay to the capital. At the commencement of the fight, attacks were made by the people against the royal palace, and the arsenal was stormed and plundered, but the latter has since again been taken possession of by the military. | shall give you the very latest intelligence of tho state of thingsat Dresden, which I hope to receive this even- ing, before I close this despateh. ‘The negotiations between the central power and this government, which had been resumed since tho arrival of a Frankfort Plenipotentiary here, have again been suspended, in consequence of resolutions recently passed by the National Assembly, These resolutions are to the effect that the Assembly summon the dif- ferent governments, legislative assemblies, and all authorities in Germany, to unite their efforts in putting into operation the constitution of the German empire; that the Assembly fixes the 22d of August as the day on which the first German Reichstag is to meet; and that the elections for this Reichstag are to take place on the Ist of August. The Prussian govern- ment, which has already deelared that it refuses to recognise the constitution, has now entered a formal protest ag inst these and all similar resolutions which the Assembly may form, in a note to the Central Power, issued yesterday. A compromise between the Assembly and the government here, after these resolu- tions, has become impossible; and the Imperial Ambas- sador who was sent here from Frankfort is about to leave. According to diplomatic usage, the departure of a Plenipotentiary, generally, 1s equal to a declara- tion of war; and we may, in the present instance, fully regard itas such, The Prussian government has, long ago, commenced hostilities against tho Frankfort As- sembly and the Central Power, I believe I ana perfectly well-informed in stating that, long ere the present rupture with Frankfort had taken place, an undei standing between the Prussian and Austrian cabinet on the German question had existed. I now learn, from a very reliable source. that an agreement between these two cabinets, as to the best manner of disposing of the National Assembly, has already been come to, and that the project of a constitution for Germany, which is to solve all difficulties on the union question, will ere long be published. It has been stated here, to-day, that in- telligence of serious disturbances at Frankfort had been received by the government. Private letters from that city state that the excitement there was increasing every hour. From Leipsic, we have received accounts that on tho evening of the 6th, several public buildings were stormed, for the purpose of obtaining money and provisions to supply the population at Dresden. A movement was made, at the same time, to proceed en masse tothe capital. The civic guard, however, had resisted this attempt. 8 O'crock, P.M. Thave just been informed that the united forces of the Prussian and Saxon troops have succeeded in carry- ng the principal barricades in the Altstadt, at Dresden; and that it was believed, yesterday evening, that the military would be in possession of the whole city until the next mornin; It is stated that a great part of the insurrectionary forces was about to leave the city, and take refuge in the mountains in its vicinity. The pro- visory government had issued another proclamation, exhorting the citizens to hold out to the last. A rein- forcement of a body of one thousand men from Alten- burg, was on the way to the assistance of the popula- tion of Dresden, The Three Great Ev: E ih View of the Cri Europe—The on the Con- (From the London Times, May 10 ] In the present crisis of the affairs of Kurope the rapid transmission of persons and of intelligence, the unrestricted activity of the press, aud the common interests which have sprung up in thirty-four years of peace, have rendered the reverberation of each suc- cessive explosion all but instantaneous. and concen. trated in the action and reaction of a few days those impulses and ults whieh were in former times sus- pended in their operation by distance, secrecy, and the sinuosity of political art.” In consequence of this decided change in the mode of conducting all human affairs, every incident is added with instant rapidity to the sum total of political motives, and has its visible effect on the next result; so that, to form a correct estimate of the general causes which bear most closely on the peace and freedom of the world, it is necessary to embrace the whole complicated subject from Jut- land to Palermo, and from Paris to the Dardanelles, In all this vast and intricate scene it is scarevly possible to affirm that any one point is of paramount. impor- tance over the rest; we have not to deal with any single evil, like that 'of the miliiary genius of Bo: parte when it soared to universal inonarehy and ein. braced the tinent of Europe; the phenomena we witness are infinitely various, and yet they are so together that it is searcely possible apart from each other, « nls, however. claim at the present moment i¢f attention—the advance of the Russian troops into 1, the approach of a French army to Rome, and lastly the prospect of @ serious contest between all the exist- ing governments of Germany and large masses of the people, already pledged to risk everything in defen national unity and democratic iv ms. We believe that in this country these even unanimously regarded by men of all parties with serious apprehension and sincere regret. ‘They bode no good to urope or to. the times welive in, ‘They menace the world with a conilict of extreme parties, But, as the tempest blackens day by day, it is impossible to deny that the chances of any rational compromise or adjustment of those differences diminich, and they are left more and more to tie ar- bitration of the sword. Yet, even when this conflict has been fought and won, the victorious party, which. ever it nay be, will be alike embarrassed to restore the tranquillity of society and the authority of government, cither by the force of military despotism or hy the license of unlimited democracy, Our intention isnot to yecriminate upon the errors which may have been committed by miisters of this country, under circumstances of such novelty and difficulty as to embarrass the most candid and en- lightened judgment. But we at least are completel: innocent of them, We do not ascribe to any Britis Minister absolute control over such events; for the prodent neutrality to which England is’ resolved to adbere leaves her}' representatives abroad with very diminished influence, and we blame no man for misehances which fell out beyond his reach or power, But, as @ mattar of fact, we observe that it is the unhappy debility of Austria which has given the Russians thalr present footing on the Da- nube. and basgiven the French their present footing on the Tiber, If any Englishman has centributed, di- rectly or indireetly, to prolong the embarrasaments or to increase this debility of Austria, he bas likewise and thereby contributed to these two foreign interventions, ‘There was one moment, and but one, that we know of, when this catastrophe might have been averted, It was about this day twelvemonth when Austria suppli- cated England to effect a peace with Sardinia on tho basis of the cession of Lombardy. If that proposition had been vigorously acted upon, the greater part of Northern Italy would have been independent, the ar- mies of Sardinia and Naples might have defended tho Italian governments against anarchy, and the Imperial forces, not being divided between a foreign and a do- mestic war, heel diy have terminated the latter before the Hungarians had had the time to organize their present army or the arrogance to propose condi- tions incompatible with the existence of the empire, ‘The fact that the Ausuiian empire is held together by little more than the name of » sovereign and the disc! pline of an army—the fact that some pf its chief cities are disaffected, ite races incited one against another, and that its kingdoms of Hungary ‘and Lombard have repudiated the Imperial authorty_-the factsthat in Germany itself Austria is foreaken by her natu lies. and assailed by ® strange evmbination of demo- eracy and imperialism ll incontrovertible. But itis preeively because this power has been reduced to tion #0 far benenth hor ancient dignity and the baw hitherto filled in Europe, that we see the 4 the French armics in their respective po- <tr om the frontiers of Germany and in Central italy, for aithowgh both these interventions have beon ¥ & the revolutionary principle of the and the Roman demagogues, wo ible to the blow which they are » the political independence of the Austrian empire Whatever fe eentiad nm or disunite tho forces of Urepe, which are represented Wy the Germa- ie confedcration and the Austrian empire, tends in the + Proportion to tuerease éhe ralative power and W aWaien ide audition of the greae military gations of i f ible principle wi we great bs of the clane, hed fands- rences t ing it to be a funde- mental proposition of British policy, that our intetests are the either ex- to or of gas cpotead fo tne eeondeney oe reer ot ste ey gE ve de . and we deplore, the contest tureatege todivide and dismember Germany, un- der the pretext of unity, and to reduce ber to the con- dition republ a federal re] lic. under the pretext of a fe- deral empire. For this reason we lament the division of the resources of the Austrian empire which bas left the ministers of that crown no better expedient than to accept the succor of @ Russian army, and has ended in the resolution of the Magyars to do- ¢ the House of Hapsburg Lorraine; for, even if the jupgarian cumpaign were successful. the difficulty of re-organising the government of that country will re- main giro great. the dissension between Pesth and Vienna is ineurably deep, and not only Austria, but Germany itself, is threatened with the loss of those custern auxiliaries which have invariably played so im- portanta part inthe defence of the whole Germanic territory. For the same reason we regret to find that the French expedition to Rome is calculated to raise the gravest suspicions. and that the soldiers sent by the President to reatore the Pope are enjoined by the Assembly to fraternize with the Roman republic. Whilst Russia is enabled by these events to turn her forces with greater effect aud less resistance inst Eastern Germany or Turkey, France may gradually avail herself of similar advantages and opportunitios against Western Germany or Italy. If Germany her- self should fall from her present state’of division into actual civil war, it is by no means improbable that the two great contending principles of Eastern and Western Europe would, ere long, join in the mortal conflict on German soil, ‘These practien! results of the present state of affairs are, we presume, equally distasteful to evory class of British statesmen ; but those who have ventured to es- pouse the revolutionary cause with an ardor anda con- fdence which wo do not profess to feel, console them- selves with the reflection that these evils may be avert- ed ne the triumph of the Germanic Convention at Frankfort—by the creation of a powerful Polo- Magyar kingdom interposed between Russia and Germany—and by the ereetion of an equally powerful kingdom of Upper Italy, prepared, under the house of Savoy, to reeist the influence of France as effectually as that of Austria, These are the three freee schemes which, if we understand their policy at all, Lord Palmerston and his admirers would oppose to the triple danger of Ger- man anarchy, Russian aggrandizement, and French as- ey over Italy. If these projects were likely tobe reslized, and if it were as easy to reorganize Europe as it is to write diplomatic notes, we are not propared to contend that some such views might not conduce to the advancement and freedom of the nations princi- pally concerned in them, But the authors of such schemes have mistaken the commencement of a great period of revolution for the termination of it, None of these plans can be carried into execution without a tremendous conflict; all of them are totally opposed to every existing right in Europe; some of them would obviously fuil to accomplish the proposed abject, Thoy would make a tabula raso of the whole political structure of the continent, not for the purpose of raising another substantial fabric, but of fighting a protracted battle; and, in our opinion, the world will make a bad bargain if the entire present generation be sacrificed to the horrors of war and the miseries of revolution for no better object than to gratify its worst passious, to try its most extravagant theories, and to consign socicty for a time to the last extremities of democratic government. The Engiish View of the French Interven- ton « the French Reverse in Rome, From the London Times, y 11.) ‘The situation of the French expedition to Rome. if it has ceased to be critical, is not the less humiliating to the martial character of the French nation; and the position of the government by which this expedition was undertaken, is even more critical than that of the army. A more remarkable series of blunders and fail- ures, both political and military. it has seldom been our duty to record, and even in the last moments of the ex- istence of the National Assembly, this unlucky inci. dent has givei a degree of passion and force to the ex- treme republican party, which has well nigh crushed the administration, and which thre: 8 to exercise a very unfavorable influence over the approaching elec- tion. The root of the mischief seems to be the extra- ordinary equivocation practised by the French govern- ment to conceal their real object in this expedition. ‘They had the courage to undertake it, but not to avow the reason for which they had undertaken it—nay, when that reason was suggested to them in the form of a taunt, they denied their policy and disowned their intentions. “They have now suffered accordingly. ‘The result of the conferences of Gaeta, had been s resolution of the Catholic powers to restore the sove- reignity ot the Pope in ‘Rome, Austria and the two Sicilies were ready to take the lead in this enterprise; Spain encouraged it, and the French republic, which still kept its ambassador at the Papal court, and had re- fused to acknowledge the Roman republic, did not choose that this restoration of the head of the Catholic church should be effected without her active co-opera- tion—the more s0, a8 she heped to secure the liberal institutions granted by Pio Nono to his subjects, from an Austrian re-action. Under these circumstances the expedition started, taking advantage of the resolution adopted by the Assembly a month age, which authoris- ed the French government to occupy some point in Italy—for a very different purpose. It can the less be doubted that @ virtual concert had been arranged be. tween France, Austria and Naples, inasmuch as the Imperial and Neapolitan forces have simultaneously entered Tuscany and the Papal States, whilst General Oudinot was marching from Civita Vecchia upon Rome, But far from stating or even acknowledging this to bo the case, the French government continued to assume the credit of a demonstration against Austria, for what was in reality a demonstration approved by Austria for the restoration of the Pope. Be the policy of a govern. ment bad or good, just or unjust, none is so dangerous and absurd as that which the minister who has adopted it dares not avow. ‘The instructions to General Oudinot bear evident marks of this false and equivocal position. Instead of announcing that the French troops landed in Italy at the request of the Pontiff, whom the French republic still recognized as the lawful sovereign of Rome, they sought to evade this engagement by language equally unsatisfactory to the Papal and to the revolutionary party, as if the defence of their own influence was a sufficient justification of the invasion of a foreign ter- ritory. With these instructions General Oudinot landed, and immediately possessed himself of Ci: Vecchia as completely asif it had been a French sous prefecture. Had the restoration of the Pope been his sole and real ect. 1t would have been at least deco- rous to have occupied this place in the name of Pius 1X., and if the Papal standard had been raised, it is possible that some portion of the population might have rallied round it, as the Neapolitan army at ler- racina was actually received with cries of “ Vira Pio Nono.” No precaution of this kind was taken. and witha very imperfect knowledge of the state of Kou vhe division moved towards the city. It consisted of between 6.000 and 6,000 men, with 24 guns and no ca- cavalry, though General Oudinot himself has only served elsewhere as @ cavalry officer, The Roman provisional government, upon the receipt of this intel- hgence, very naturally sent to inquire what was the motive and the object of the presence of the Froach army jm the Reman territory. Here, again. the Gene- ral was compelled, by bis position, or by his instruc- tions, to equivoeate; instead of saying boldly that his business was to restore the Pope and put down a state of things which France and Catholic Europe re pre to recognize, he nded that he ¢ ime to prote Rome against the Austrians, and to repress anareh Exeept as an ally, either of the Pope or of the Roman republic, he had no business to do either one or the other, ‘This language was intended to suit the temper of the National Assembly at Paris, but it could neither encourage th jue his enemies in Rome, | Maxrint was perfectly aware of the position hich he stood. and he acted accordingly when the 8 advanced to the gates of the city. It has excited great astonishment that a wel pointed corps of French troops, not wholly unacqual ed with street warfare and barricades. should have iled, with considerable loss, in their attempts to cuter an open city like Rome, with no better defences than the emergency had supplied. and no stronger gar- rivon than the partizans of Mazzini and th remnant of the Roman people, No one, e iy, an- ticipated that this modern invasion would find an Ho- ratius Cocles on the bridge. But this circumstance ix of a piece with all we know of the dominant faction in Rome. As Florence was held, till the other day, in the harshest durance by a party of Livornese facchiai, so Rome is occupied and ruled by a vest of adventurers from every part. not only of Ituly, but of Europe, ‘The heads of the Roman government, and of the popular bands in this revolution, are all foreigners. ‘The fi ure of the r ry party in Sicily and G has driven ihe soldiers of anarchy to. Rome and Leg: horn as their Inst retr d repabli- hemselves, hay ble rein- nd hands which barricaded the Porta ded Poyole, had served an apprenUcerhip in Paris, on the barricades of February andof June ‘The leading spirit of the insurgents,-in the Iaiter contest, is known to have arrived in Rome some co, and it has been boasted in the Nation- al Assembly, by the extreme party, that these French Propagandists will be the first to mount the barricade of Komeagainst the French troops. Heuce no efforts have been spared to debauch the French regiments now in Italy, by the influence of their own language and their own countrymen, even in presence of the on- emy; snd the uncertain spirit of the army, both abroad and at home, is @ formidable addition to the perils of the goverument, and of society in France, ‘The revolutionary party in that eountry looks to the anareby of Europe for the restoration of its power. Reinforcements have, of course, been despatched from Toulon to the coast of italy, but we should be cu- rious to learn what instractions have accompanied these reinforcements, in consequence of the last hostile and imperative vetes of the Assembly, ‘1’o prociaim the Pope and depose the Roman triumvirate is openly to defy the voiee of the National Asser: viy and expose tho ministry to impeachment. if the next Ancombly be a8 republican as its predecessor; to aeknowledge the Ro- man Kepublic is to sanction the deposition of the Pope and to break faith with Austria and Naples, whore forces are probably beforo this at Rome, in numbers reatly superior to the French army already there,— The tormer alternative is to France a violent contest at home,in which the extreme party have already ined az tage on the first onset; the other altor- ve is to pluage into a foreign war with Austria, Naples and Tuscany, and to abet the very cause which it was the object of this expedition to put down, The Freneh find themselves in Italy the enemies of Austria by their prejudices and traditions —the enemios of the Jinlian republicans by their present policy and their fenrs: they cannot adopt either the revolution or the counter-revolution as their own and they learn, too late, that the more prudent course would have been either to bave started upon some clear and definite prineiple which they could avow to their own country- men and to Europs, or to have abstained altogether from this intervention. To withdraw from the country in, however, moro difficult, and we shail probably see @ very considerable French army assembled ere I within the Papal dominions, without distinctly knowing what object it is intended to effect, against whom it 19 to contend, or whether it {4 to be used for the destrue- tion or for tae defence of the legal gevermmentes of Italy Aspect of the Canadian Question in England. [From the Louavu times. Moy ny The political experiment now waking in Canada wight have been expected to provok attentio: thun it bas yet received in England on account of the rapid growth, the augmented wealth. and the increns- ing ulation of the province. ‘The attention of most Eedsbmes haa been recently diverted from the Ame- rican eolonies by the attractions of South Australisand the exigencies of New South Wales; ¢o that. in com- templating the prospective glories ot our possessions at the Antipodes. we overlook the immediate importance of a great continental empire, within a fortnight's sail ef the British shores, a It may not be genorally Known to the people of Eng- land that the united province of East and West Canada extends in length (frem Amber-tberg to Sablon Harbor) no lee than 1500 miles; that it an average breadth of 300 miles, and con- tains an area six times as great as that of Englaud and Wales. Nor is its population insigaificant ; for, although its eapacities for supporting & nume- rous rece were cither unknown or disregarded til within the Inst quarter of a contury, its num- bers have, within that period. increased most rapidly. According to adoeument, which evinces much care and prerenetien. published by the Montresl Board of Statistice, it appears that, in the year 1825. the pro- vince of Eastern (then Lower) Canada, contained 423,000 inhabitants, in the year 1831, 511.000, which had grown to 690,000 in 1844. and that its present popu- lation may be caleulated at 760.000 or 770.000, (" of which not more than 650.000 are of French descent.’’) The records of Western Canada present a atill more striking increase. In the year 1811, this tof the colony (then the sesarate province of Upper Cansda.) hud 77.000 inhabitants, who. by the ear 1821. had been increased to 151.000, and in 1842 to 486,000, and at the present moment can hardly be less than 720.000, Upon & moderate calculation, therefors we may presume that by the year 1874. the aggregate population of the whole United’Canadian province, will bu not less than five million souls, But. should Canada resume its inpor- tance as the recipient, not only of Irish. but of British emigrants, we may reckon that, what with the acces- sion of sottlers from every part of the empire, and the natural preponderance of births over deaths in the colony, the inbabitants of Canada will, before the ex- piration of another quarter of a century, possess nearer six than five millions, As it is impossible as yet to estimate the influence which so vast a territory, peopled by British subjects, and commanding the navigation of three sueh great lakes as Erie, Ontario and Huron. may hereafter exer- cise over the whole North American continent, so it is above all things essential that its inhabitants should be inspired with love ana attachment to the interests and institutions of Groat Britain. We know not what is the destiny reserved for us and them. We may be doomed to an early separation—they toa premature inde- pendence. Be this as it may. our duty and their pros- erity are identified with the sacred observance of Sngiish laws and constitutional rights. By no other course can we insure their present attachment or their future happiness. By this means we soften the yoke of o nominal submivsion, and anticipate the consum- mation of an ostonsible independence; for, enjoying all the realities of self government, they have the less reason toalter {ts form or its name. Again, should un- foreseen events force upon loth of us a disruption of our ‘present ties we shall leave to our colonists the noblest legacy ever bequeached by rulers to subjects, In either case—that of our union or that of our scparation—our best and safest policy will be found to be that of allowing a free and responsible government. In the one it prevents a thousand complaints of metropolitan tyrenny and op- pression; in the other it leaves behind it » powerful sentiment of blended gratitude and respect. That colony which has been governed after the type and pattern of the mother country will not rashly nor pas- sionutely rise in urms against her; nor will it, when emancipated from an imperceptible thraldom. wanton- ly assail the parent and guardian of its political non- age. But to inspire such sentiments ay theso in a colony. the self-government of which we speak should be real, genuine, and undoubted, It should possess a vital energy and action; and should be free from all semblance or imputation of pretence, Such a self- government as England desires tor herself she should accord to her colonies; and such -government is that which she is now according to Cunada. Only a few weeks probably will elapso before Lord Elgin’ gives his sanction to # bill which has been con- tested with much fervor in his province, and under other circumstances might have been discussed with considerable warmth in England. As it is, we cannot help deeming it a most fortunate occurrence that a a matter which has caused such excitement in the Par- Mament of Canada should not have been brought for- ward too prominently in the Parliament of England, Canada has ere this boon made the battle-field of Eng- lich factions, and the success of the experiment was hardly such as to justify its renewal, Nothing could have been more injurious to the tranquillity aad free agency of the province than the agitation of a question like the Rebellion Losses Bill by English politicians at home, It would have given ‘metropolitan and impe- rial character to a subject entirely local in its bearings; it would have stimulated one provincial party by an external alliance, aud affronted another by an ex- ternal interference Instead of leaving the Canadians to administer their own sifairs and disburse their own money according to their own wishes, it would have controlled their actions and assessed their taxes by the arbitrary caprices of an alien majority; it would have kept alive bad passions and old autipathies by extrinsic encoufagement and factious intermeddling. As it is, Great Britain has, in a spirit of unreserved confidence, conceded to the people of Canada, as represented in their united Parliament, the disposal of their own taxes and the adjudication of their own controversies. ‘Whatever may be the present and immediate result of such confidence, its future consequences are of inesti- mable value. The recognition of a great public prin- ciple has been evidenced by a sceming sacrifice on the part of the crown, The people of Canada have learn- ed that they are governed by their own representatives, not by a majority in St. Stephe or @ back room in Downing street. Every Canadian, therefore, feels a renewed pride and reliance in the worth and strength of the institutions under which he lives. He feels that he has a real and tangible interest in their safety and reservation. Whatever exultation may be felt by the french population after a party triumph, will soon be sobered down into the more general and more patriotic appreciation of a principle which secures the adminis- tration of the Province, not to one sept, ot nation, or clique, but to those who possess the aggregate confi- dence of the whole Province. The Freuch know that the fortune of this year may not be theirs next year; the Britich know that Parliamensary majorities are fluctun- ting majorities; that they depend upon conflicting into- Tests, antagonist talents and tactics.a thousand acci- dents of passion, indifference. adroitncss, mismanage- ment, fusion. or disruption; that no party in any repre- rentative chamber ever remaincdintact or unbroken for a dozen years; and that it is the most absurd thing in the world to apprehend that where two parties are so nearly equal as they are in Canada, one should exer perpetui ation over the other, Nor need the; look fur for an iliustration of this. They have it at hand. The very majority which carried. the rebellion lorses bill melted away before it could carry the bill for electoral reform rench party, whieh held toge- ther for one project, lost its cohesion when itattempted asimilar one, Dutif either class or race is destined to be subordinate to the other, we need only look at the statistics of population to see that that cannot be the men of British race. We do not tear, therefore, the British confederations of which we hear North America is now rife. We be- lieve that the discontent of the loyalists is, or soon will be, atan end. If they are men of sense, they wi the great absurdity of whining xbout French ascend. axey; if they nze loyal men, they will seo the folly and wickedness of mouthing about annexation Congresses and eonfederations, therefore, for the pur- poses of rebellion, we childish threats Who- trade and » and Nova ith their futare shall have advanced fur- iness and wealth, such confederations may cide; but of this not be Usefal, we do not pretend to di we ere sure, there ia no intelligent British subject in the whole lepgth and breadth of our North American provinces, who can help tecling proud of the mother country, when he sees hor institutions and her polity so truly and literally transferred to the greatest of her Amerie¢an colonies, American State Stocks. THE LATEST LONDON PRICES, MAY IL, 1849, United States’ Six per Cents, 1868..... Louisia Five per Cents, (Union Bank) °50- A Maryland Five per Cents, (Ster, Bonds) Miséissippi Six per Cents, (Plantors’ Ba 1641 : New York Five per Cents, 1806 to 1 4 a 95 Pennsylvania Five per Cents 73 8 79 Ohio Six per Cents, 1850 eeoee 93. a OF Do., 1850... 6 « . 97 a 99 Do., 1860... . . teens wT a Mass. Five per Cents, (Ster. Bonds.) 1868...101% a — S.C. Kive per its, 1858-68, (Baring & Co.) 88 a 90 Do., (Palmer & Co.) 1266. 85 a 86 TO TEO ov vse oe 3 50 a — Do. Six per Cents, (Union Bank), 19 a 20 Alabama Five per Cents, 1863... , wT 8 = Do. do., (Sterling Bonds,) 1858-01-66. 60 a 62 Virginia Five per Cents, 1854...... 80 a 82 U, Can, Five per Cents, (Debentures,) 1855. 88 a 90 ‘THE LATEST MARKET REPORTS, Excmanar Chas ienroor, May 12~12 M, Sin—The sales of Cotton, to-day, may reach 4,000 to 6.000 bales, ‘There is a fir inquiry for cotton, this morning, but no change in price, Our market remains flat, a8 reported yesterday, :1,—Fhupay, May 11, Lo'elock, . M.— The news from Paris and Saxony is still very un- favorable, but has not exercised so great an influence upon the English stock market. Prices are steadier, and have an improving tendency. Consols are 9144 to +4 for moncy and account, reduced three per cents 8954 to i, long annuities 89-16. exchequer bills 46 to 49 prem., bank #lock 39255 to 104, ‘Tho foreign stock market is dull, and rather hea Dutch two and a half per cents have been done at 4 to 60, ditto four per cents 764, Spanish three per cents 83, ditto five per cents 17%4. Russian 103% te 105, Por- tuguese 2535, Mexiean 80%, ditto ex-coupons Kt Equador 334 to 4%, French three-per cents 66f. 60c , a an exchange ot 26 ‘The railway market is a shade firmer than yesterday, but no further rise than then ocourred ean be noticed. Great Western closed at a rise of £2, Northwestern and Midland at £1 each per share improvement. Pur- chases bave to-day been made in all at tho highost prices current ‘Three o’clock,—Consols for money and account 907% to9l, Mesars. Brown, Shipley & Co.'s Circular. Liverrour, May 11, 1849, The quotations for cotton are continued just as wo gave them in our Inst circular of Friday the inet., say 434. for fair upland and fair Mobile, 4%d_ for fair Orleans, 4); for middling upland and Mobile, 4d a 44d. for middling Orleans, and 334d. @ Mad for the ordinary qualities, At the close of Inst ek and in the carly part of this, the market was firm avd buoyant, giving sellers some advantage. but the nx Fince been the case, the quantity offering exceeding the demand and tho turn being decidedly In favor of bu 5. The sates for the wouk ended to-day amount to 42,680 bales, (the largest portion three days of it), of alot 6,000 ca pir yn 6 of 12900 upland at Bd, a B47 13,950 ad; a Skea and 6d. 060 Alabam: and 660 Sea island at a 11444 per ib. winds having been unfavorable for arrivals, the in the same time is only 25.600 bales. ‘The very unse- tisfactory of the continent, kas been more sensibly felt on the Manchester trade this week than sirgs >. Boos Some market, be ee amenduieat, come heay and 22s, bbl. has been accepted for oo Aderable ois of Western Canal. Some small sales of Baltimore have been mado at 238, and of prime Ohio at 23s 6d. In- dian corn was also in improved demand and at rather better prices carly in the week; but that advance is lost the last two days, the present quotations being 31s a 32s. for white and 33s, 6d. a Sts. 6d. per quarter for yellow, with a moderate demand. In turpentine only, ubout 840 bbis. have chunged hands this week at 6. for crdinary to 7s. per owt. for good quality. Com- mon rosin dull at 3s, per ewt. Black, Barnes, & Whittingham’s Circular, Livenroot, May 1L, 1849. Tatrow —600 casks stranded P. Y. C. sold freely by auotion. at 378 to 37%, 9d; and 176 boxes E. 1 were disposed of at 37s. Gd. ‘he sales of South American are confined to a few retail lota, at quotations, Paro Oi. —Small parcels continue to move off, at £31 to £31 108, Lanp.—The sales of lard are about 100 tons, at 32s. to 34s. for ordinary; fine quality is more sought after. Provisions —8.000 boxes American bacon, and a parcel in bulk, were brought forward on ‘Tuesds; olders showed no disposition to meet the wants of trade. consequently only 300 to 400 boxes were sold; since then sales to a considerable amount have been made for Western long middle.rib-in, at 32s. 6d, to 34s., and 334. to 388. tor the same, treo from bone. Fine Eastern long middles have attracted more attention, and 300 to 400 boxes have been disposed of at 378. to 41s, A large parcel of shoulders and hams in bulk was offered by auction. but withdrawn for higher prices. Hams meet no alteration, and can be bought at 283 to 35s. according to quality. Beef und pork are selling in retail lots for the immediate wants of the trade. Fine cheese is wanted, and is in good request. Grain anv Fioux.—The demand for wheat and flour bas been quite of a retail character during the week; the former has receded 1d. to 2d. per 70 1bs., aud the latter 6d per barrel. Indian corn has been more sought after for the Irish market. and at an advance of €d. per quarter. No change in beans and peas. Oats and oatmeal remain steady We bad a fair attendance at our grain market to-day. We have no change to note in price of whoat or flour. Indian corn was fully dd. lower, with less demand, Marquis, Baxter, & Co.'s Circular. Liveivoor, May 11, 1349. Woe have had a better demand for raw sugar, at full. prices for colonial, and Gd. per cwt. advance om forelza; the sales of the former are 750 hhds, B.P., 6 000 bags Bengal. snd s small parcel of Mauritius; and of the latter £0 hhds., 50 bbls, Porto Rico end 60 bags Venezucla at 208. Gd. to 428, per ewt.. 3.100 bags Por- naimbuco at 18s. 6d. to 194, in bond, with a cargo of about 300 tons brown Bahia, afloat, for delivery at » continental pott. We have only to report in molasses asaie of 160 casks Demerara at 19s. 6d. per ewt, from the quay. In retmed sugars a moderate business has been done; crushed hay been in fair request at the present low rates, THere is a steady sale for syrup, of good quality, at about previous rates, Although we have the prospect of diminished supplies of treacle, yet the inquiry for the article remains exceedingly limited, the sales being only in retail quantities, bout the Tutes of last week, ‘The transactions in tallow are very trifling, com- prising a few casks South American at 36s. 6d. to 368, und 176 cases East India at 37s. 6d. per ewt. ‘ibe palm oil market having been rather more frocly supplied, the price has varied from £31 10s, to £323, 10s. per ton. the business at these rates being limited, Rice is dual of sale, at our quotations, A few parcels of linseed cake offered throughout the week. have been withdrawn at £6 for thick round, and £7 per ton for thin oblong, about 10s. per ten less having been bid in both cases, Gvano has been sold to a fair extent, at about pre- vious rates, Anenicay Provisioxs.—Lard has becn in fair request throughout the week, the sales amounting to about 108 tons ut 338 to 348 perewt. At Tuesday's auction, the large quantity of bacon brought forward had the effect of depressing the market to the extent of 28. per cewt., at which reduction, importers being unwilling to realize, little business took place; since then, with slightly improved demand, a few sales haye been made at rates about 1s. per ewt. under those of last week. Hams ofalmost every description have beon nearly un- saleable since our last, except at ruinously low fig yesterday, 258. per ewt. was accepted tor 100 tierces of ordinary quality, in dry salt. Good shoulders meet a free sale, at about previous rates, A parcol of bulk incon, hams, and shoulders, of a very rough cut, re- cvived from New Orleans, have partly sold at 26s. to 268. Cd. for buen, and 238. for shoulders, the hams finding no purchasers, Choose has been in ordinary request, fine realizing full prices. Beef moves off slowly, without change in value. A very limited business has aguin been done in pork, at rather lower figures for or- dinary prime mess. Sine > this day week the demand for wheat limited, at a decline of 1d. to 2d. per 70 Ibs, Oats and outmesl are without change. The salosof American barrel flour have been considerable, at are- duction of 8d. to Gd. per barrel. Indian corn and In- dian corn meal continue in good request, snd a further advance of 18, per 480 Ibs., and 6d. per barrel reapect- ively has been realized, At to-day’s market the attendance was fair, anda moderate business was done in wheat at the above noted declive. Oats were held firmly at our quotatio Holders of flour were rather firmer, and whers sales were effected, prices were 1 favor ot sellers, No ch: in oatmeal. ‘The inquiry for Indi active; white brought 32s, to 33s, and yellow 4s, to 36s. per 4801bs., at which rates a moderate quantity was disposed of. Liverpool Prices Current. For the week ending May 4, 1849. ARRANGED BY A COMMITTEE oF BROKERS.—T. M. Mreas Srenetary, Svcan.—There has been a moderate demand, and 500 hhds, B. P., chiefly new Barbadoes, sold at 87s. to 43s,; 1,600 bags Bengal and 400 bags Mauritius have also been disposed of, at rather easter prices, Foreign—200 hhds. Porto Rico, of the new crop, have been sold at from 40s to 42s. 6d. per ewt. duty paid. and a cargo of brown Pernambuco at 18s. 6d. aff®at, deliverable here, In the carly part of the week, 460 puns. Molasses were sold, to arrive, at 22s, for Porto Rico and Cuba Musco- yado; since then, however, the demand has abated, and the only sale on the spot is 240 puns, new Barbadoes at 2is, Od. per owt. Cotfee—The business ix confined to the sale of 650 bags damaged Costa Ricoat 25s, 9d. to de. per ewt. No sales of Cocoa, Ginger, Pepper or Pi- mento, Rice—There has been more inquiry, particu- larly for export, and 11,500 bags East India’ sold nt 8, 8d, to Ss. 6d for broken and cargo, up to 10s, 9d. for very good new white Bengal, and 150 tes, Carolina at lis’ to 17s, 6d per ewt. The demand for Rum con- tinues limited, and rather lower prices have boc ac- d; the sales are 150 puns, Demerara, lack Teas continue without change, with a modo- rate amount of business doing; the market i# well sup- plied with grecus, and prices are again in favor of the buyers, The sales of East India drysaltery art only to moderate extent; ‘small pare cold at 10s,.200 bags Sago flour at 18s. 6d., and 110 cases of castor oil, of fine quality, brought 10d. to 104¢d. perlb, In Saltpetre, about 1,800 bags disposed of at 26s, 6d, to 203, per owt, Nitrate of soda rather dull, with only small lots gold, at 11s. 6d. per ewt. Guano—A fair extent of business done, and at rather improving rates. Dyewoods—Soyeral recent arrivals of Jamaica and St. Domingo logwood having been brought to public sale, upwards of 400 tons found buyers. at £4 158. to £4 17 6d, for Jamaica, and £5 2s, 6d. to £5 5x, for St. Domin go, with 20 tons good Campeachy at £6 58.; of fustic 60 tons Tampico sold at £6 17s. Gd to £6 4s. 6d., and 90 tor ba at £6 1s. to £7; sales of this sort were alo made last week at £7 per'ton; 30 tons Lima Nica- ragua wood brought £17 lds. to £18, and 20 tons Cam- wood £20 perton, The only sales of turpentine con- sist of 200 barrels, nt 7s. from the quay, American tar is lower, 600 barrels having been sold lis, Gd. Of Ame- rican rosin, 700 to 800 barrels sold, at 38, for common, and at higher prices, according to quality, Pot and pearl ashes go off in small parcels, at about previous rates—New York pots at 42s, and pearls at 388,; a few barrels Montreal pots brought 4§s., and pearia 38s. per ewt. Seeds—Beyond the sale of 45 bags. Dutch red el ver seed, at 348, per ewt., duty paid, any Dusineds ig quite immaterial, and the season about closed. ags East India linseed are reported at 30s. per quar- ter, About a ton and a half of bees’ wax brought £6 2s. 6d. per ewt, for fine Jamaica, Hides—Thoro $s no- thing of moment to report. ‘Thore continues to be a good demand for Brimstone, and 200 tons have been sold at full prices. Sicily Su- mac has been less inquired for; small lots continue to find buyers at 12s. perewt. Nothing worth notice dono in Angols. Cream of Tartar is held at advanced rates. The sales in Quercitron Bark are 200 hhds., at 08 tos. 6d. per cwt. For Olive Oil there has been rather more inquiry, and upwards of 60 tuns sold at the quotations, Mish Oile.—Hetail sales only have been made at the quotations, 20 tuns Cod are reported at £25 10s, to £26 per tun, 25 tuns Linseed Oil realized 268, 6d. to 278, per ewt., and small parcels of Rape 41s. per cwt. 80 tuns American Spirits of Turpentine have been sold at 30s. per cwt., and 31s, is now the lowest price, Small sales of Palm Oil are reported at £32 10s., but the market is flat, the demand being vory limited at the present comparatively high price. No- thing doing in Paltic Hemp. 1,200 bales Jnte are re- jorted at £15 to £16 10s. per ton, The Tallow mar- ot is stendy, at 30s 6d, for Y.C.,in small lots; 200 easks North American (B, M.) sold at 38s , and several parcels of South American at from 34s. te Od. per ewt. About 60 tons of Lard are reported at 33s, to 35s, per cwt., and the demand has rather increased, Grain,— Wheat is without change. Western Canal Flour is selling at 23s, per barrel Indian Corn in good demand at an advance of Is. to 1s, 6d. per quarter on all kinds, Indian Meal is selling at the quotation No alteration to notice in Irish Oats, Egyptian Bew command 24s. per 480 Ibs, Havre Prices Current. Hayne, May 10, 1849-6 P. M.—Cotton—The ap- proaching elections and the important receipts sinew our last, havo rendered our market extremely heavy during the week, and from Wednesday to Saturday the sales scarcely reached 300a 400 bales per diem; in con sequence, our prices were loving ground, and severs transactions even took place, under the annexed quo- tations, after receipt of advices per Niagara, announe- ing seventeen new ships onthe berth for our port; but on Sunday last we received three days lator news per Hermann, from New York, mentioning only ono new ship, and an improvement in that mar! which took place on receipt of our advices from Europe of the 7th April; on the Monday following, our market became more animated, with firmer prices. and 1, bales changed hands, and yesterday's sales reached 1808 bales, at steady rates. The nomination of the Legislative Assembly pro-occupies the public mind for the prerent Momcat, but does not giyeany apprehension