The New York Herald Newspaper, August 12, 1856, Page 10

€ —— — NEW YORK HERALD, TUESDAY, AUGUST 12, 1858. FINANCIAL AND COMMERCIAL. | The British Board of Trade returns for June give pe! iene the apnexed table for exports in that month this MONEY MARKET. year and last:— Mownay, Aug. 11—6 P. M. Deciaggp Vacs oF ExPorravions. ‘There was a very bine stock market today. The Fame 20, June®®, tnoreast. De, week bas opened gloomy enough for holders of | Alxali—viz., soda, £37,890 51,758 13,878 — stocks. At the first board there were large sales at Pumarcale. rand ue pa bene the mig ge! well appeared to | Candies 18,48 35.038 18,901 Bs hourly increase. demand for money was active | Cheese 7 6,8 bd ee | Se ae tS sary up to "8. x 5 f - Miinois Central bonds fell off } per cent; Cumber- | Farthetware.. 0. ‘sst4os iret S308 iand-Coal, t; New York Central Railroad, 4; Erie, ‘ 12973 — 2101 4; Reading, i) Michigan Central, j; Michigan te. seek Southern, 14; Panama, 3; Cleveland and Toledo, 3; TY ersvee 85,044 H’dwares & cutlery. 23.0 Chicago and Rock Island, }. Here is a list that will give outeiders at a distance a pretty good:idea of the present condition of things in this market, and from this they can form a pretty correct idea of what is coming. The demand for money to-day was very active, and the impression in the street early in the day was that the banks must have called in loans manufactures. pretty sharp. When the bank statemeut appeared, | 5); Ge aes and skowed a contraction of only about thirty thou- | Soap....... sand dcllars, the effect was by no means of a favorable character. I! was argued that if money was ia such active|demand without any contraction of bank loans, we might expect serious times when the edutraction commenced. The reduction in deposits is an uafa- vorable feature in the present report. The demand for money cannot be satisfactorily ac-ounted for by the bank managers. They are a little astonished at the present activity, aud well they may be. Sccka were turned out to-day in larse lots. Nearly every stock on the list was freely ofered, and all the cash purchases were hy the shorts, for delivery. When stock was taken in, it was put out again immediate- ly, on time, buyer’s orseller’s option. There are iunu- merable causes for this decline iu prices, andethese causes will operate strong enough and long enongh to bring about much lower rates. There is no out- side absorption, and there cun be vone. Outside hold- ers will soon be obliged to sell, and as for acy new purchases, it is utterly outo! the question, Those who evtertain a different opinion now will soon change their minds. After the adjournment of the board the following sales of bonds and stocks were made at auction by A. H. Nicolay:— $4,000 Cai. & Rock Island RK. ist mug . int, ad.O9Ka94 16,000 L. E.. W. &St L&T. G1 KR. 2m. mt ad: 624 100 Cleveland and Pittsburg diviaend, int added. 63 4 shares Now Amsterdam !usvrano® Company. 1045 60 New York and Erie Ratiroad Company. . 20 Raigers Fire Insurance vempany 50 Tasurance Company... § Continental insurance Company . 20 Kquitabie Iusurance Company &. Draper will sell, to-morrow, aruong other secu- | rities, at the Merchants’ Exchange, some of the | bonds of the Lackawanna Railroag and Coal Con- pany. These are first mortguge binds, secured upon @ valuable property, well ku wn to the large body of intelligent New York capitalists, who have for some time had their attention fixed upon this Lacka- wanna coal district. At the second board the market was very dull. ‘The aggregate transactions sam up only about five hundred bares of al! stocks. There are plenty of stocks on the market, but there are no buyers, The lower prices go, the greater the disposition to sell. After the board stocks genecally were lower. Erie railroad closed at 594 per gent; Cleveland and Tole- do, 73; New York Central, #5}; Michigan Soath-rn, 894; Reading, 864. All these stocks were offered at these prices, without finding buye, except among the shorts. The market is decidedly sick, and we fear the disease is of a chronic character. ‘The Long Dock Compauy of New Jersey have called for another instalment of twenty per ceat payable on the Ist of September. The Arago’s news is no later than that received by the arrival at Quebec. The detailed reports of the money ead produce marke's do net give ua any- thing more favorable. Consols were flat, without change in prices. Money was more active, and on the Stock Exchange rates ruled as high as four and a balf per cent, Tbe drain of ballion from Londoa ccntinued, and there was no probability of a let up. ‘The arrivals in London from all qaarters were sent immediately across the Channel. and it was the im- pression in financial circles that the drain would be continued. The next Sank of Pngiand return i likely to be bad. We look for a great dearth in the specie reserve. The markets for oar staple exports are not in # very satisfactory condi- tion. Quotations for cotton were withoat change, while breadstaffs were lower, with a very limited “The steamship Arabia, from Boston for Liverpool, on Wednesday, will take out between six and seven hundred thousand doliara in specie. Upwards of 000 have already been engaged, and the proba- ia that amount will be increased both from port and at Boston. We have two steamers this port for Havre direct this week, and the tio for Liverpool on Saturday. By each of these conveyances there will be specie shipments. The earnings of the Milwaukie and Missiesippi BEEES ‘Total. . * teeeeeee seen 960.178 7 Tor the corresponding month last year the earn- ings of the road were $47,155—showing a gain of for the current -eason. 14 Sowing are the receipts of tne Illinois Central Railroad for the mont» of July, 1856: — Transportation of freight $53,063 15 Tramaportation of $s + W929 8 - ‘of mail aud express + 8,706 41 Rent of road, kc , estimate 11,160 95 Total... . Si97 440 71 Receipts of Juy, 1 150,630 82 Tncreere ores . $64,809 39 ‘The increase in the tonnage of the Pennsylvania Railroad over the corresponding period of the past two years must be highly gratifying to the pro- jectors end stockholders of that great enterprise. It ia much greater up to this time than was antici- pated at the beginning of the year; and the proba- bilities are that the remaining five months will pre- sent an aggregate larger than the first seven months’ business of 1856, which amounted to 239,551 which is just beginning to be developed, promises to be a heavy item in the business of the road. One company alone, the Allegheny, it is said has contracted to deliver over 100,000 tons to in this city tefore the year closes, that amount, with the shipments of the West- Broad Top, will make a large total. tons were sent to the Philadelphia more than that quantity was sent from towns along the road. The i i i receipts at the Philadelphia depot, of flonr, grain and live stock were jess than during any month of this year, as will be seen from the following state ment, and the receipts of coal more:— Paeweyiv asta Kan.noap—Towsson Fear, Grain, Live Steck. Coal January 22,98 101,863 14,748 106,418 be 13,885, 1988 om. eet June. apr July. 47 830 ’ 648,405 trongh Rast im | West... 4.521 Hert towal “ Fast... 14.556 5,315 « bd West, 548 2,166 29,276 28408 25 23% mone 24.586 19,041 248 166,477 185,614 * 074 tons, and over Linen manufactures 370,252 Linen yarn. ARC seeds. Painters’ colors, &. Woollen yarns. Unenumerated | ai 7,98) 72,441 eo VICE C Pte stitttit tt tHeles.... 09,290 1,077,183 83,953 Total........+..85268,695 10,681,087” ‘The unusually large increase is shown of £2,492,492, in the declared value of exportations, as compared with the month of June, 1855. Not a single item of any amount appears on the adverse side. Cotton, woollen, silk and linen manufactures and, metals all figure for a large augmentation, and, among other articles, those which depend upon the Australian and general colonial trade present the chief improve- ment. An account has been published of the coinage of gold, silyer and copper at the Royal Mint of Great Britain from 1546 to 1856, inclusive, from which the following totals have been gathered :— Years, Gold Silver. ore 184€ to 1852 . £28,757,825 £1,246,873 £27,765 1863. . 11,962,39 701,544 9,072 ‘1864. - oy 140,481 60,836, 1865... 195,511 41,092 Tota)... 06+... &05,871,568 22,284,409 £138,996 Thus, while the average of gold coined in the seven years, 1846 to 1852, was £4,108,300, it has subsequently Leen £5,371,000, or more than double. Meanwhile, the increase in France and the United States has been on a scale of equal magnitude. With regard to silver and copper, the present statement shows that the cost of the adver for the coinage of the above sum of £2,284,400 was £2,214,151, leaving a surplus of £70,258 ; the copper for the coinage of £138,795 cost £69,303. The annexed statecent exhibits the average dally movement in the leading departments of the banks of this city during the week preceding Saturday morning, August 11, 1856 :— Naw Youk Crt Banks. Loans. ie. Ci 3,666,453 Banks. New York... Ba. of the State. am, Ex: hang Mech. Bk'g Ass. 1828 "461,57 Corn Exchange..1.6: 89,546 1,781; Continental... .3,186,344 15,078 2\e08214 Commenwealtn..1,129,440 848 1,058, 04 Oriental... vs. €26,91T 117,769 "405/873 Marie . 956.87 109 861,484 tlantic.. Imp. & Trade! Inland City. Dry Dosk. N.Y. Exobange Bull's Head... 121,408 N. Y. County 361,971 9, Parks... oes. .-2/808, 488 Total... .$112,192,822 13,270,608 8,676,759 93,220,370 *The Irving Dank has increased its ‘capital $100,000— making o total of $400,000, Ctearings to August 4.... Clearings to Auguat 11... Balances to August 4... Balances te August 11... . « 5,935,786 The annexed statement exhibits a comparison of the leading departments of the banks of this city for several months:— New Yous Onr Sarxa. $124,631,996 + 131,064,906 8. 3 3 ae 33 $32 =e 35283 ue? 32 $882 ne Stn ae Re wanted -} 2. ee = eee aste epee: £§32 =3 FS = i} z 25 i 2 8 BEES $355 $3 38 © 3 ++ 3 S82 52225 Bes 32 i $ 33 i : Fae ES EH >. 2383 S3S382955 Asta 2. 2. 6 S52358S858 epesprechtetuentnce: s4perszeneee E BE 2 a 3 3 FI z = = Se =. 3 bg s =s PE ETS 3 Fy 3 aeedeinansese es: B32 = 33 Ss*azs2seesesss res FS = 3 2 SESS ig ee s5588 & EE 385 S38. aEESEE? = 38 383352 | #3 5 32 288 SRBSSSE5 338 35333: 8 23 FeseEee3: 22 =*. 2 gESA5392333 greesbaes RSSS=S528 = 5¢ = = Sune 7, °66.. 103,474,021 Tune V4) "68. | 104;168.981 B83 3, 6, 7, 7, zes ns PE DePeanae 33 — 33 SSESS 3558803 8823 = i 3 i r geyae 3 3 3 July 26,°66, 111,346,580 Aug. 2,966, .132.201.508 14, Aug. 9, °66,. 112,102,922 15, The total returns, com: previous week, exhibit the following variations in the aggregates:— Feereare tn loans and discounts, Decrease in ‘specie. Decrease in deposits nominal! Decrease in deposits actually”. ‘This is far from being » satisfactory statement. The decrease in deposits is an indication of what we may expect when the movement is fairly under way. The decrease in specie is about eqnal to our auticipations, A California steamer is near at hand with a million and a half, or more; but at least one third of this remittance is already engaged for Sbipwent on Wednesday, from Boston. The total exports this week will not be much less than the re- ceipta, leaving the next two weeks’ shipments as 90 much drain upon our supplies, 3 4 2 3 2 3 mie 600 do 2000 I Cen RR bds 92 17000 BO were 860 me SceussssgsusSsS3SEE gssses 10000 do. ..,.€ 600 CIVAPit div bas 66 10 shs Met bank.. 109 5 Bank of Com.. 102% 9 Del&HudCaaCo 120 8 E 88s 850 Centon Co..... 2214 100 do... BOO 300 do. 100 do... DOO 22 100 Cum Coal Co... 19 100 do... .b60 2 200 60 733, 30 200 do..." .'b30 733¢ 100 Nie Tran ‘Go. 100 Chic& Ris Ribs 92 B50 NY CenRRopg 85% 60 do... 91% 20. do. .bo0 80% BO MUS Mise RR... 763; 100 Erie Railroad 594, 50 M&LaOrosseRb60 704 1050 dou..... 693 60 do..,,..b80 703, SECOND BOARD. $5000 Cen RR bdsb30 92 100 shsClv&TOIRR 830 7000 do. + 915% 260 do. 830 12shs Bk @om scrip. 1013 50Canton Co....b60 223 Investments in Mining Stocks. The miving industry producing the most precious ma- terial necessary to our wants, bas 80 ‘an importance for the developement o’ the public ‘as to call for “ry — serious erga on every fact connested with 2 existence, progress and prosperity. It eupplies the materials for building our cities and con- structing their monuments; the coal, to light their streets and houses; for the motion of s‘eambonats, the cars of the ocean; and to bring up the power of the “eto engines india for modern industry. it supplies mankind with all the divers metals with- out which no industry nor civilization can exist. Its products are equally needful as those of agriculture, and more difficult to reach; they want to be worked by the union of greater skill and more considerable capital. In agriculture @ single man may raise some products; in mining an association of men is necessary: hence the Revessity of working mines to furm companies. Conse- quently, when we heard around us, ‘God deliver us ‘rom mining stock’ (a sentence so many times uttered of late)—from mining eee without which it would not be possible to work mines—itis as absurd as to exclaim, “God deliver us from plantations, farms and gardens.” Although we confess it, this shows for the min ing industry @ situation to which prompt remedies are necessary to make it as every other species of industry, the object of legitimate pursuits—of wise aad prudent in- vestments of capital In this country, when the first explorers were brought over by the hopes of discovering precious metals—when hunting mineral wealth was the object of numerous and bold expeditiors against flerce and hostile populations—is it not astonishing bow little has been done yet for that object? When all the diferent kinds of labor which afford a legiti- mate remuneration to the activity of the American peo- ple are progressing 80 rapidly as 40 astonish the oldest Dations, is it not astonishing how the mining industry, ‘with its chances of rapid fortunes, remains in a state of inferiority, and raises a8 an investment for capital, fears always increasing? Many causes produce this state of 8. Because maay mining adventures were the eee immediate and considerable benefite—because many for- tunes were made in a short time—these facts have roused hopes which cannot be always realized, and hopes sanguine are shortly suc.eeded by @ discouragement of enterprises which would require for success more perse- verance and energy. This inconsiderate notion of obtaining wealth immedi- ately in mining enterprise prevents persons making a thorough examination of the chances of mines in such an enterpris—cof calculating what amount of capital will be necestary to carry it to a successful end. The mning science, Fo difficult from the great variety Of scientific knowledge it involves, is neglected, and the number of competent men being rather insafficient, the diiheulty to obtain candid and rc liable advise leads people, in most cases, to embark in the adventure without svflicient information. For putting up a large building, they call on architects; for constructing @ Tailroad, on civil engineers: but for opening a mine, they sink at ran- com a shaft, they rpend a largesum in a great many cases o Sud out water more or leas |impid, and then the Gisappeinted ,sbarcholders exclaim, ‘God deliver us from mining stock?” If a more favorable place has been found, affording ‘ore which would pay with benefit all the work done tor discovery, no calculation or estimate having been made Veforehand about the capita! n to the end of the enterprise, the funds are exhausted when the discourage- ment is raling, ‘when it becomes more difticult to call stalmenta, and'a good and profitable adventure is wound up when the euccess was near at hand. The dicappointment of rapid fortunes induces, to reach the object to anxiously hunted for, specu lationa im stock ia place of waiting the benefits from the adventure iteelf; and in place of working mines, they are gambling in mines, For the success of these operations companies are formed with a fictitious capital; a proprictory with forty or fifty thousand dollars is put in stock at @ve hundred and ope million of dol- jars, and the value of the stock fluctuates below par, in stead of raising with the developement of the works of ‘the mine. If, in epite of afl these difficu'ties, the adventure main tains itself from ite own resources, it is overrated by use less expenses; the management is divided between the cfice located in a large city and between the otfice at the mine; for want of competent men the mining works are imperfect and too expensive, and the dividends the sin- cere shareholders are looking for never come out, and from every quarter they exclaim, ‘God deliver us [rom ‘Mining stock |"’ ' We have here slightly binted at some of the causes of | the nop-success of mining speculations on paper. We will examine some others, and show how to remedy this state of things—how mining may be mace the object of pera nent and profitable investments of capital. b CITY COMMERCIAL REPORT. Mowpay, Aug. 116 P.M. Asura.—The market was quiet, at $6 50 for pots and ‘$7 76 for pearls. Baxapert rre.—Flour—The foreign sews per Anglo Saxon, via Quebec, had @ depressing influence on prices. and sales were made at @ decline of 10c. @ lic. per barrel, especially on common grades. The sales footed up about 7,000 a 8,000 barrels, including all kinds, at about the following quotations Common to good State. Tha Common to good Michigan. 5508 Extra States... 0.0... 60a Common to goed Obio . 6008 Fxtra Obio....... eee eeeee - 6350 Southerm mixed to brands............ 7258 Do. fancy and extra... T5008 Canadian superfine and extra... 6Ga Choice ext-a George'own, Richmond City Mills ond St, Louie......% : ++ 8.00 Haxall aud Gailegos.. 1050 8 107 Among the new flour which appeared in market was Venice Mills, from Ohio, and smal! lots of new Geacser ‘our; the latter was sold at $10 per barrel. Canada was onty eold to a mederate extent, at quotations, Southern flour was plenty and lewer, with sales of about $00 bar rete at prices given above. Rye flour wat quiet at a of 305 cents for fine and superfine. Tae stock of corn meat was light and prices steady, with gales of 260 bole. Brandywine at $4 1255, wo arrive Wheat~The market was from Sc. to 8. lower, and netive at the decline. The sales embraced abow 40,000 a 60,000 bushels, including about 10,000 a 15,000 bushels Southern white, at $1 62% a $1 66, and 5,090 do do., to arrive, at $1 60; white Canada at $153 a $1 65 new Southern red at $1 59 a $1 €0; Chicago common pring at $1 20.4 $f and Milwaukie red $1 40; new white Obio at $1 62. c. lower, but the market was active, wi 6.000 a 7,000 bushes, including distilling lote, at S4c. 9 S7c , and sound Western mixed, in shipping order. at Gle. a 61 ige. Seuthern yellow’ wae at 6€c., and white was held at Te i t Sd. a Oats were unchanged, zx —The market was steady. Sales of 725 bage Rio ¢ made at 101% # I1ige., 809 do. netive Ceylon at ite. a bas, 2 and 500 saate Java at 1455: Corrox —The tales effbraced about 1,009 bales. The market was somewhat irregular in prices Femivnts.—There wag more offering for | in the way of graim, and about 76,0¢0 a 60,000 bast ere engaged, im bulk and bags, ai at O4d., ip bage: 2,960 bbls. to Ol) up, " To London rates were quiet, a! Saturday's quotations. A foreign vease! wae taken Up, to ioad at Richmond, ¥ ginia, with tobaces, for Bremen, at 27%. 6d. Some mea furement goods were aleo taken for Bremen, at 20s. There wes nochange to notice in rates for Havre. To California they were at 27 ',c. per foot measurement, Freir 75 bage roft shel! Tarragona alinonds sold at 18, 4 monthe, Hay was steady, at 603. 0 Oe Hives, — 000 Buebos Ayres, 22 tbs., wore sold at 2e.; and Rio Grande, at 266. Lowe was quiet, at 8c. and $1 18 for common and Jom Mar astra etendy. ‘with limited sales Navat Stores, of 290 bbls. spirtta were made at 44c., afterwards held at 45c.; and 2,600 bbis. rosin sold at $165 per S1€ The., delivered; crude was hi $0 06 & 84: and far was firm, at 82 25. Provisioxs.—Dork was inactive; sales were confined to 200 4 200 bbia., including mess, at $19 819 $19 87, and retail lots a¢ $20, and 2,000 bbs. mess were sold, iver- able in all the month of November, seller's atpt. prime Was at $17 76.0818, Beef—Sales of about 180 bbla ‘were mare in lote at $7 a $7 25 for. country prime, an! $8 25 a $9 50 for country mess. Cut mea's wore firm, at oe. 8 Bien. for shoviders, and So. a 0ic for bam. la of 500 bbis. were made at 12Ko, © 12%, and kege at 193¢¢. Batter was steady, at 160. for Ohio, and 18c. @ 28e. for prime dairies of Pick —Sales of 150 casks were made at 3\0. a 4c. Savt.—The eales embraced about 20,000 bushels Liver poo) coarse and One at private terms. Srices. About 60 cases of nutmegs wore sold at 900. ErGaRn —The tales embraced about 700 hhde., inelading 60. bhda. Porto Rico in bond, at 70. Me., and the remainder , Chietly at Be. w BAe, Winsxry.—Sales of about 200 bbie, were made at 97c., which was lower, ARRIVAL OF THE ARAGO. he Frorogation of Parliament in i Dngiand. QUEEN VICTORIA'S SPEECH. COLONEL FREMONT AND THE LONDON PRESS. The Spanish Revolution. OUR RELATIONS WITH SIAM, &0., &., ho. ‘The United States maj) steamship Arago, Gast. Lines, which loft Southampton July 50, arrived at this port early yesterday moraing. ‘The Arago brings 175 passengers, the usual mails, and 660 tons merchandise. Amongst the passengers are Mrs. Commodore Hull and daughter; Judge Willard, of Troy; C. B, Ives, American sculptor at Rome; Vicomte De Thre- ry and lady, of France; C, M. Fearing, bearer of des- patches, from St. Petersburg; and ©. Ferrero, bearer of ¢espatches from Sardinia. The Hermann arrived out on the 26th ult. ‘The steamer Baltic, hence, arrived off Point Linas at 8 A.M. of July 30. ‘We have the following account of the outbreak at Massa Carrara, in Italy. At Austrian instigation some seventy youths crossed the frontiers, but finding themselves disco- vered, returned to their homes, and all was quiet again. Count de Cavour was ruralizing at present. Later intelll- gence states that the movement at Massa had been com- pletely suppressed Only about sixty persons crossed from the Sardinian territory ; twenty were arrested on the frontier. The telegraphic communication had been re- established. The Afessagere de Modena, the official journal of Massa Carrara, which duchy belongs to the Duke of Modena, whose estates touch the frontier of Parma, in its numVer of the 18th ult. publishes another sentence pronounced by the military commission sitting at Massa, in virtue of the slate of siege existing at Carrara. By this sentence four persons, one of whom is sixty years of age and another nineteen, are convicted of having belonged to the secret, or Mazzinian Society, otherwise called Society of Freo- masons, and baying sworn to exterminate the true re- igion, to overthrow kings, &., in conzequence of which Itwo of the culprits are condemed te imprisonment in irons with hard labor fer life; another to the same punishment for twenty years, and the fourth to ten years hard labor. The London Times of the 29th ult, contains an article laudatory of Col. Fremont, and speaks highly of his po. litical address as “worthy of any people and any states- man.” The Cologne Gazelle says that a telegraphic despatch was sent on the 22d to Gratz, ordering 3,000,000 of ball cartridges to be sent from the magazines of that place to Italy. The Minister of War at the came time counter- manded the orders for reducing the cavalry and artillery to a peace footing. All the troops stationed in Istria, Oran, Heyermark and Kernthern, bave received the rentes. Prince Paul Esterhazy left on the 24th, with a numerous suite for Moscow. The game journal contains a letter from Trieste, which eays:—'* We have received to-day, by Dalmatia, igtelligence from Montenegro, which cor- firms the rumor that 3,500 men bad advanced towards Cettingen, under the command of Menki Petrowitoh. This ¢xpedition is directed against the district of Kouci, which has refused to pay the annual tribute to Priace Daniels. 5 Intelligence from Spain to the 26th ult., states that Vuca bad submitted. The Captain (ieneral of Navarre had superseded the Goveruor, and sent troops to replace the present garrison. General Ruiz, the commandant of Gerona, had evacuated the town, He was only followed by acompapy of Chasseurs of the national militia. It was not known what direction he had taken. Catalonia was, therefore, freed from reyolutionists. The militia of small localities bastened everywhere to give up their arms. Events im Catalonia were taking a course more favorable for the government of the Queen. The Revo- Jutionary Junta of Gerona had broken up, in consequence, they said, of the arrival of Rosas’ troops. General Ruiz bad teken refuge in France, as likewise the deputy, Hen- riquez Clement, one of the chiefs of the insurrection. Discouragement and disorganization were making rapid progress in the ranks of the insurgent militia, Later intelligence from Spain states that Malaga and Granada bad pronounced. The Ayuntamientos bad pro- claimed against O'Donnell. The royal troops bad frater- nized to cries of ‘* Death to O'Donnell— Viva Expartero e la Constitution !"* ‘The Courrier du Havre, of July 29, says:—According to acorrespondent of the Gazedte de Hanovre, the aegotia- ions fn relation to the Sound dues have taken a favorable turn, and this affair will, it is to be hoped, be settled in conformity with the commercial interests of the Baltic coast, All the Powers, except Ragland, have alreaty 4siven their adhesion, and are in favor of the capitalizs. tion. It is probable that the new propositions based upon: this principle will soon induce an arrangement, although some circumstantial difficulty may arise, especially about the amount of capital required to buy up the Sound dues’ right. The Patrie, of July 30, reviews the events which have Jately taken place in San Francisco, and concludes as fol. lows:—‘How will this end’ Itis the more diticult to foresee from the fact that the Committee of Vigilance dis- poses of six thousand muskets and thirty pieces of can non; im presence of which the hundred soldiers of the Governor make, it must be acknowledged, a sorry ap- pearance.”’ . Mrs. Webb, wife of a tradesman of Philadelphia, has been giving dramatic readings at Stafford House, in the presence of the Duchess of Sutherland and a large num ber of the aristocracy of England. The steamship India mail bad arrived, with (ntelligence from Caleutta to the 17th June, Bombay 26th, Hong Kong 1¢th, and Shanghae 2d. The disturbances in Kimedy were over. The revolution in China was progressing; sixty five Chitese rebels had been beheaded in Canton in one day. The mother of the ox King of Gude had arrived in Feypt. Redschid Pacha bad returned to Constantinople Intelligence from St. Pe‘ersburg says that the water of the Woiga were higher than they bad ever been in the memory of man. At Saratofl more than 509 houses were inundated. A despa'eh from Berlin of July 28, says-— ‘There is a rumor that the Neapolitan ambassador at Vierna bas handed a note to Count Buol, from his govern ment, which, while justifying the past, evinces @ disposi tion for improvement. The King (says the note) has ap pointed a #peciat commiseion of eminent persone to in vestigate abuses and point out the means of reform Our latest intelligence denios the statement that the Russiau~ eld possession Of the Island of Serpents. The Rasst ans resented themselves there to take possesston, but the urks were before them. The Russians withdrew to Odewa for fresh instructions. Toe Turks will not formally give uy Apape to the Pussiana, but will «imply abandon the pla There is comething like asmall alarm brewing again be tween Russia and the Western Powers. A letter from Constantinople of the 17th July says:— Tre Tursiane have ocoupied Serpents’ Island, at the mouths of the Danube. I cannot tel what kind of cupation it is, but the fact itself ts quite certain, as wel as that the Turkirh P Apron ge bas despatched a na: officer to ascertain the exact natore and all the circum stances of this Rusrian occu; As this occupation will cause volumes of. diplomatic correspondence, 1 nothing else, it will not be perhaps amiss to say some thing mi the position in which Serpents’ Irland was befor war. This isiandia an uninhabited barren rock, to which the Russians lay claim in consequenc the treaty of Adrianopie. That treaty does not make ypecial mention of this isiand terms, that ‘the frontier line the Danube ae far as the embouchure of St. George, so that, leaving all the islands formed by the diferent branches of this river in the possession of Russia, the right oank will remain, ag heretofore, im that of the Uttorman Porte,’ and it adds that “it shall not be per mitted to make any establishments or construct avy for Qifications upon the islands which shall remain in the ' the Court of Russia, excepting always the il be thereoa estab @ buildings which sh The Porte, which had recently relit the lighthouse there, bes sent « naval officer to ask explanation. The reprerentatives of France, England and Austria have taken the matter up Advices from Paris of 28th of July say:— ® is doubtful if the Emperor will return to Paris av early af first expected. The residence he occupies hax been taken for another month, and it seems he is not Jooked for in Paris til! the 4th or 6th of August, ‘The affairs of Spain continue to constitute the sole topic Phat excites the slightest public interest here, and even in those there ix just now a luli, altoough the crisis is by no means to be considered as atanend, A few days will, doubtless, bring ite colution. In the meantine, Marsha! Narvaez returned to Paris this morning, highly in¢.gnant at the rejection of his proffered services. He finds that he lsbored wader & mistake in supposing that he hed again become the man of the situation, ind/<pensable in ‘The Sultan has remitted, through tie Ottoman Bank, the sum of £1,000, as @ contribution to the Nightiagale {upd ip England, ‘The Wew Prussian Gasette bas @ communication from Vienna of July 24, which states that ‘the large mousta- chioe @ la Victor Emmanuel, bave been prohibited at Milan," A letter from Malta, of Juls 25, says:— ‘The French it arrived this morning, last fom the Pi bringing Marshal Pelissier, with a staf aud suite of one hundred persons. Her Ma- jesty’s ship Hibernia to have by t 4 cover bis arrival, for at 6:30. M., the good people of the dockyard were roused from their sleep by a salute nineteen guns, which was immediately returned b; after the lapse of ‘3 i gE H E Eos i ngelo, aud at the Custo House was received by a captain's guard, En! Governor's nde with Admiral Penaud aud ¢wo own staft, followed by two other carriages with others hia staff, and proceeded by the town-major and camp on horteback, the y of Crimean heroes ri to the Palace, where they breakfasted with Sir William Reid, returning on board at about 11A.M. The Roland will, it ia eaid, leave for Marseilles this evening, The London Times of July 30, says:— The new frigate, of immense size, mow in course of building at the royal dockyard at ’ombroke—the Diadem —is eo advanced in her construction as te be ready to be immediately caulked, for which pu we men have ar- rived atthe yard from Plymouth. ¢ Diadem is the first of the new class of enormous frigates, building to match the Americans, and, though only to carry thirty- two guns, yet her length and tonnage are equal to a Bhi P of the line. Her length is 240 feet, and her tonnage will wards of 2,600 tons. The armament of this me will be exormous, being tbirty two 68 pounders or 8-inc! ehells, with one pivot gun of 96 cwt., and 10 feet ia length. Her epgines are to be of 1 000 horse power, and, as her model is exceedingly good, itis expected she will be very fast. A large rumber of men is employed upon ber, as she is tobe launched as soon as possible, The Doris, sister ship, is also advancing. ‘The London Times, of July 28, saysi— We regret to learn that the severe attack of ophthalmia under which Lord Ebi been suffering, aud which bas caused him excruciating pain, has terminated in the total loss of the y -¥ of one eye, with dancer of sympathetic injury to the other. To obviate as far as possible thir latter risk, Mr. White Cooper and Sir Benja- min Brodie have determined uy the removal of @ por- tion of the orgar principally ted. A letter from Constantinople, of the 17th of July, eays:— Tt cannot be too often rej that Russia’s influence ip Asia is essentially a mora! ipfuence, and this influence has not only pot been impaired by the war, but has ra- ther increased. Never was Russian influence so para- mount in Persia as lately. The Circassian deputation has departed from here with a heavy heart and a deep con- viction of the power of Russia, The anxiety of Russia to keep the Kars territory up to the last moment has Ii wise no other object than the increase of this mora! influ. ence, especially on the Kurdish tribes. Galignani’s Messenger, of Paria, of July 50, has the fol. lowing items:— Sir Henry Lytton Bulwer arrived last evening in Paris, on bis route to the East, where he is commissioned to ar- range the government of the Wallachian and Moldavian provinces. The Emperor of Russia, by a ukase dated the 1Sth, has given to the Archduke Leopold of Austria the regi snt of cragoons of Karan; to the Grand Duches¢ Catharina Michelowna, the regiment of dragoons of Riga; a regiment of cavalry to Prince Alexander of Mease, and another re. giment to Count Osten-Sacken. These regiments wil! henceforth bear the names of their new owners, THE REVOLUTION IN SPAIN. Excitement in France—Napoleon’s Plans Avowed—The Fighting in the Provinces— Position of Marshal Narvaez Defined—OM- cial Changes at Madrid—O’Donnell's Influ- ence Declining. OUR LONDON CORRESPONDENCE. Lospos, July 29, 1858. Spanish affairs are still ina state of imbroglio. It ap- pears that nearly every town in Spain had risen. As the news comes through France, the O’Dounell government only allows such news to pass the frontier as is favorable to himself. The three days’ severe fighting at Barcelona ‘was ak nounced at first as a blight attempt at disturbance. ‘The news that Gen. Falcon had fled from Saragossa has proved false, and we learn by various announcements that sundry towns have submitted. Now we never learned that they had risea, and yet one is the necessary consequence of the other. Narvaez has been waiting on the frontier like @ tiger, ready to pounce upon tae first opportunity that offers itself, but he returned to Paris yesterday. Espartero is reported still at Madrid. It is said Gen. Dulse has bombarded Saragossa, but that brave city is accustomed to fighting. The Maid of Saragossa, the Spanish Joan of Arc, is not yet forgotten. 1 bear that some wholesale executions have taken Place, "Donnell is a bloodthirsty man, and disregard: buman |ife. Retaliation will follow, When his men are caught they will be shot, and we shall have a renewal of the fearful bloodshed that prevailed during the former Carlist war. The French government, after remaining silent for so Jong a time, bas, at last, come out, and, in an article attri buted by many to the Emperor, approves of the conduct of O'Donzell, The Parts Monitewr, of 27th of July, says:~ We have watched with interest the recent events in Spain, and we have approved them to a certain extent, as we fancied we discovered therein a favorable chance for establishing the constitutional ment on a firm basis, for France, which repre-ents in Earope the ideas of 1789, can entertain no other wish than that of bebolding a neighboring State, in whose pro-perity she takes a deep interest, avoid abarchy or despotism—those two shoals »0 dangerous to progress and liberty, and, as the Espartero Ministry did not seem to ther the power to pre- vent exorsses or the ri ‘ite energy to lead a great country, it is patural to hail with sympathy a change of o ature to consolidate the throne of Isabeila II. ‘Some toreign journals, blinded by their unwarranted preference for a name, have called a coup d'etat that which was simply a resignation of Ministers, accepted perely aud simply by the Quecn after reiterated refusals. ( the resignation had beea that of © Donaell, they would have found it perfectly constitutional. Party Spirit should never misrepresent things to such an extent, and thereby endeavor to mislead public opinion, The condition of had been deplorable for two y that great country, for 80 long a time tbo arbiter of Europe, whose alliance but recently was eagerly sought for, had sunk into insignificance. {t had neither finabces, Lor army, Sor commerce, nor administration, nor influence abroad. In this difficult position ambitious men, instead of endeavoring to give strength to what ex sted, attempted to overthrow it, either by fattoring the Fasaions ‘of the mob or by attempting to realize danger. ous Utoj qT 2Fe E ° ‘orders which have agitated Spain for the last few years murt be attributed to the fatal idea of certain Ministers, iour years since, to make ® coup d'ftat, when ‘Spain was tranquil and prosperous, and no cogent reaaon to urge them to maki in the laws of the kingdom. For a coup d'état to be legitimate in the eyes of poste it must be justified by a supreme nocessicy, and be ded by all men as the sole means of saving the country. We Know those who dreamt of coupe d'état not with » view to modify some institutions, but to sub. he throne or change the dynasty, either iting Portugal to Spain under the house mea or by estab! hing ‘&@ regency. We therefore give credit (mous iui savons gré) to Marebal O'Donnell for having attempted, without a up @éat, w restore order in Spain, the first 1 indispensable basis vf Mberty. fe give bim @ credit for baving, during the first moment of anarchy devoted aii his care to the reform of the Spanish array, as weil in & moral as in a material point of view; for it did not suflice to reform battalions and squadropa—it was essentially neceseary to give to soldiers who arc as brave as they are capable of great things the only mainsprings for the matntaiaance of an army, duty and fdelity to the sovereign, and diecipline. Let wa Bope, then, that the recert changes will pat an ead to these coups d’état aud to those banetul promuncia mentor, for it is our sincere desire that Spain, which con tains so many clements of strength and prosperity, should reutee, in the midet of quiet, the rank which is her due, instead of descending to the level of certain republics of South America, where neither patriotism, nor civie vir- tuee, nor high’ principle are to be found, but only a tow generals who ¢ispute the power with the help of soldiers lod matray by empty promises. VIEWS OF THR FRENCH AND ENGLI CABINETS— THE NON-INTERFRRENCE PRINCIPLE ADVOGATED. [From the London Times, July 29.) The tate article in the Aenttewr on the affairs of Spain may be taken as an announcement that the French govern nent approves the course taken by the Queen and her yen there we sudden chang: present Minister, and will give them at least its moral support. We cannot believe that the public opinion of thie countey will acquiesce ia the judgment of the Tuile ries, but, a® France #eems not likely to convert approval clive interference, and sé Pngland bas long aban- et the notion that liberal institations can be establieh- <4 ip any lend by foreign intervention, the disagreement +, perbaps, more speculative than practical. Treating, then, the article in Monicur aa merely an essay on point of cotemporarf politics, we may be allowed to re- inark of what seems to us its erroneous views of a coun- try whieh has for many years boen the subject of atten- tion, but i# even now but little understood. What are the occurrences which within the last few doye bave agitated Spain? A conatitutional Queen, who holde her title to the crown by legal epactment againet a relative claiming by divine right, has guddenty dis. misred, or causec to resign, the Minister who during his wbole career has been the champion of responsible go- vernment im her dominiovs. Another politician, known only a8 a resolute and unscrupnious soldier, has been raléed tosupreme power. This substiition of a nto. riously absolutist Minister for a man of strictly constita- tional views would 6cem to @ foreigner a dangerous act. We might, however, be in the wrong. But when wa seo the actual and immediate reau'ts we can_po longer heat tate ne to the charact’r of the change. We find that in * rreetion Immediately followetin Madrid, and that for this inewrs ection the pew government was thoroughly pre pared beforehand. We find that O'Donnell, taking ad. vantage of bis position as Minister of War, bad concentrated twenty thousand men on the capital. His firet step was to surround himself with colleagues, et who had two years before, when for a few hours in turned the cannon of the army against the ‘ret et of the new Ministry was the martial law. The Legisintive Assembly was dispersed by force, fred upon whea proceeding in deputation to the presence of the sovereign, and driven their legal of meeting by grapeshot. We find the pees seeat this “‘reapoaable of publ i and we bear of a desperate contest, in which Nati: Gourd, after severs! hours’ figh sin; t rge concentrated on . nce is that ihe Cortes have fled to « provincial receives the national assembly, which declares that it has been dispersed by a monatrous act of violence, Barcelona is soon in revolt, and the fame spreads. At the present moment Saragossa is hold by an insnegent armay, and we learn in the South, and Granade have not yet submitted. Ihe Ministry tent on cruebing all resistance to its power, and ev thing is post) “until after the pacification of Sie net ane confidant concent ‘on. ed batile with Fie easier, fight a pitoeed ‘ae PP Gre pad are now engaged in c iboralis: ton is, whe are we to think of suck provinces, The quest enact? speci not be calleda coupd’eat. Itdppears that “blinded by an unwarrantable preference @ name,’ bave called the affair we bave just described » d'cat. To this the Monileur takes exception. It was coup d'etat, Not that wishes to ezolude Spanish Court more than any other, @ such an lent, it proceeds to lay down the Queen and O'Donnell, it seems, & coupd'ctat, Now, we have no wish to 0 On the precise signification of this popular ph ase. Neither the words nor the idea they express are English, and wa may besides well concede to the AMoniteur stricter agcu- racy in the use of a political terminology which it has borne no small part in creating. Whether, O'Don- nell bas or has not executed a coup e’etat, ho has, by vio- lence and in pursuance of a promeditated plan, dispersed the Legislature, disbanded National Guard, and over- thrown the constitutional liberties of the country. We carnot think that this is a fying conclusion to all the struggles and sacrifices of during more than tw yea We cannot think that the man who has com: (ed this act cap be fitly described as “‘having attumpred to restore order to Spain, as the first and most indispen- sable basis of liberty.” Knowing, a3 we do from experie rnce, that repression must produce corresponding resiat- ance, and that, however extended and it may be, that “iris natural do had with “eyiapathy a change of & it ‘it is nat sympathy a c! a nature to consolidate the throne of Isabella II.’” It is not to be denied that on the Continent England is iy many minds the object of suspicion, on the ground of supposed selfish and Machiavellian policy. We who kpow our own country, how little the people care sbout freigy affairs, and how completely in this their govern- ment represents them, can hardly conceive that the ac- tions of even well infor pi 's time Dipations sgainst France, over the second rate States, should take the lead. notion, as wild as that of the bourgesis about Bag: jand’s desire to monopolize the commerce of world, was once widely prevalent, and seems to baye left som ‘editions even after it has itself paseed away. One of these is the dislike of Espartero which has distinguished successive French governments, regal, repubiican and imperial. The chae racter of this woll meaning old gentleman is well kn-wn. He has proved himself during along career an honest, brave and good bearted man, with [cee to which he has always been ready to sacrifice his personal intoresta. His defects have been timidity and irresolution at a sud- den crisis, ® want of foresight, and a nature easily im- ported upon by the kind of persons with whom he was likely to be surrounded at the Court of Madrid. A politi- clan who does not feel the great truth that mon are bound to him, nos by what taney have received. but by what expect, is hardly likely to be long in office anywhere. Ka; ro is one of these, and, consequently, he hag now to lament—if it be ‘ot any use—the ingrati- tude of the Queep, the King, and of O’Donneli bimaelf, his own familiar friewi and disciple, This is the mam who, according to notions now 4 quarter of a cent old, is the representative of British influence at Madrid, It is needless to tay that he Las never dune anything for us in Spain, since, of course, there is nothing that we wish done. Beyond our rock of Gibraltar we hold nothiag om Spanish, cr, indecd, on continental ground, and our oniy interest in Spain is that there should be a stable eru- ment, under which the people ahould live happtly and develope themselves and their resources tu their own way. Nor baye Englishmen any wish to uphold a constitution merely because it is acopy of their own. The timeis past for any such partiality. For seventy years wehavescom the venerable institutions of this king micked with every variety of the sad, the horrible, and the burlesque, by the unprepared intelligence of two hemispheres. We look to the establishment of Upper and lower Chambers, the inauguration of Prestdente, and the regulation of Par- Namentary jures, only with feelings of apprehyasion sud distriat. Neither from any hope of material advan- tage, nor from any ambition for influence and prestige, nor fromany national vanity, have the people o: this country given their sympathies to the cause of moderate govern- ment in Spaip, and to the man who, to the beat of bis ability, has been its constant supporter. Yet it is dificalt to say how much a supposed identity with British iatoresta may not have wjored that Liberal cause which for the prevent secins 80 utterly wrecked. Ovr London correrpondent adds:— Now, whether the Emperor Napoleon wrpte the article or not {s therame thitg. There is no liberty of the press in France, and the Momileur is his own Speclal organ. He dwells, you will observe, at greatienglth on the “coup @’ dat;” Le is evidently jealous of bis reputation as @ performer of those feats of prowess. This article, coupled. with the fact of of 26,000 French soldiers on the Spantal frontiers and two French liners at Barcelona, has given: rie again to the remor ot French intervention tn § I dowbt it, as England would not tolerate ut. are we to baye another Peninsular war! ‘The Emperor has ordered Prince Louis Lucien Bona- parte, who is in Spain, to return to France. The Prince Jmperia) of France has been delared a sitizem of the Basque l'rovincee—bis mother being « Spaniard. The Paris Monitewr publishes the following items of in- telligence:— PRRrGNaN, July 26, 1866, Tho Prefect of the Eastern Pyrenees has sent the fol- re] despatch to his Excellency the Minister for Foreign fairs ‘The events in Catalonia continue to be more and more favorable to the cause of the Queen. The rev: ta of Gerona is dissolved, cousequent, it dm aatd, ival of the troops of Rosas. General Raia has fled to vance, a well as the Deputy, Henriquez Ciement, one of the lesders of the insurrection. ragement and disorgavization were making rapid progress in the ranks: of the insurgent militia. Sr Smantian, July 26, 1866. Tho French Consul bas sent the following despatch to bis Excelteucy the Minittor ior Foreign Affairas— Geners! Kebagne iv still at Alagon, near Saragossa, He has established a telegraph olfice, and communicates with us, ‘The insurgents of Saragossa have demanded « sua pesnicn hostihties for five days; it bax bew ited. ipadier Smid bas waited upon General Echague, He ia to bring Over some trovps desirous of submitting. Great diecouragement prevails at Saragossa. The truth is be- ginning to make ivelf known. These advices ure of the 26th. To-day, the 26th, the General infortus we of the surrender of Jaca The garrison has been’ relieved and the Governor changed. Other advices réguived at Parte B.nounce the arrival of General Duice bolere Saragossa. [From the Madrid Gazette, July 29.) The moment intelligence of the chauge of Ministry reached Barcelona the extreme parties wo raise the rebeitiom Decame known, and it was thon evident that collision was imminent. Dering the nigat of the Lith symptoms of disorder were observed. In the authorities were under the painful necessity of ropeill fores by force. Ihe barricades erected ip the street del Conde, del Asalto, and de ia Union, which lead t the Rambia, were carried and destroyed, and thoir defenders driven from position to position to the gates of thecity. They then sought refuge to the suburbs; and atthe de- pene of the mail, op the 10th, they were surrounded y the troops. The rebels suilered severely. Numerous were taken and banced over to the Miitery u. General Barsols, Deputy Commander of Cotalonia, who with the forcs onder his order, carried three barricades, was wounded. The Ist, 3d, 4tn, and 15th battalions of the national m’ been dissolved rmed ollowing despatch is also published by the Carette:— The Captain Genoral of Valencia writes, under date ‘21st, one o'clock P.M. Brigadier Manas on the 19th, the Insurgents of Rense, and disarmed the National Guard of the town. Tranquillity ts compieteiy rostored ~! the ethene Mite ee mee At Carthagena the dirol- pling and Joyaity of the troops prevented a populist move- ment. The Gevernor of the city, General Ping, refuted to obey the goverument, but Colonel Toran, who com- mands the regiment of Valencia, assumed the govern- ment ot the place tu the Dame Of the Queen. At Aibacste t ity is re established, and the portion of the ma- t militia which effect d the pronunciamento i# being dicarmed, Nothing new occurred in other disertots sub- sequently (o my coxpateh of yesterday , jalagn and Granade baa not yet ps ES ‘The moverados were strenuously 4 themselves to prevent the reorganizatioa of the Natioanl dnard. ‘The progresistas appeared inclined to support General (Pennell, as the Iaat hope of the liberal party, but had not yet made known their deoisioa on the #abject. It was considered certain that the present Cortes wonld be dissolved. ‘The Cabinet is not to publish its programme until the eatire pacifontion of the country. The Queen bad not accepted ¢ rovigustion joneral fan Miguel as Captain General of the berd! M. Fleros, Intendant Genoral of the Paivoo, had like~ wiee tendered bia teri gration, add it was bei ved that der Majesty would accept it, Genera} Roa de Olano had received the Graod Cross of Charles 11. Instructions from the ce had hoon sont the night before to General Repartero; their coutenta, bow- ever, bad not transpired. MARSHAL NARVARZ AND QUEEN [SAREELA—NAPO- LEON’S POLICY AND ORDERS, [Correspondence of London Jimes.) Pare, Joly 26—6P. 4. ‘The affaire of continue to coystitute the sie topie thet excites the si lie interest hore, ani é¢ven im thore there is just now — the crists ls by no ‘menns to be Considered as atanend. A few d vil doubtiers, bring its solution. Inthe meantime ‘arvacs revurned to Paris this morsing, highly indignant ae reiection of his proffered ser; ices, ‘te finds thas ro labored under ® mistake in supposing thet he had pgnin become “the man of the cituation, i Bea His Cay may still come, but jt has not yot arrived. ere War a certain dignity and a firm bia own value ip the manner in which ceeded on learning that his restless feain at loggerheats, Down to the once burried, and calmly awalted the ‘when bis sovereign ghould seek pad eecure safety poeon mi