The New York Herald Newspaper, April 24, 1860, Page 4

THE RELEASE OF THE BENICIA BOY. 4 NEWS FROM EUROPE. | Arrival of the Hammonia at New York, America at Boston, and Austra- lasian at Portland. | ADVICES TO Til SDAY, APRIL 12. | THE ITALIAN QUESTIONS. - THE POPE'S BULL OF EXCOMMUNICATION. | THE PEACE OF SPAIN WITH MOROCCO. The Reported Alliance Between | England and Prussia. | OUR PARIS AND BERLIN CORRESPONDENCE, Ben Ree, ae, Three steamers arrived yesterday from Kurope—dae here, one at Boston,.and the other at Portland. ‘The America, from Liverpool on the 7th, and Queens. town on the 8th of April, arrived at Boston early yester- day morning. Her mails were received here at five O'clock Inst evening. Tho Hammonia, from Hamburg and Southampton, with the mails and passengers of the Borussia port yesterday forenoon, She brings news to the 10th instant. The Australasian, from Liverpool on the Uth, and Queenetown on the i2th of April, arrived at Portland ai Bix o'clock yesterday morning. ‘The news by these arrivals is four days later. ‘The “great international fight’ attracted much atten. tion in England. After a brief examination, Heenan had been released on bail of $250, and it was believed that the fight would take place on the 16th inst. A writ was issued for Sayers’ arrest, but the magistrate of the town where he reeided refused to allow it to be served. The public will find full particulars. of the pugilistic affair in another column of this morning's Hxratp. ‘The French governnient has sent the following official Communication to the Pays and Patric: — «On the occasion of the attempts at insurrection in Sicily | Isbor met with @ far more abun’ NEW. that the poverty of the laboror is 60 great thathe is en- rely devoid of patriotic feeling, and that even prociama tions, or instructions, or whatever they may be termod, ertfully circulated among them, showing how in France reward, and instead of beipg overridden by @ powerful aristocracy, feudal and monetary, bad open to it all ths prizes of the Km- pire, the effect would be immense. If, itis saic, there is neither patriotiem nor adequate means of insusieg either a ravalor military supply, what is there to pre- vent France persisting in her onward course, and da ying her overbearing neighbor to do the worst? It is again and sgam stated thatthe French govern: ment the most accurate information of everything relating to the country, and that the costs Las deen tho- roughly and exactly calsulmed; that the commercial treaty bas never been pot fortn asa bind; that it is realy desired to show the Engl people what bonelws belong to @ more literal commercial communication, wad thus render them indisposed to a hostile view of the projects of France. ‘Ibe Emperor, who is looking remarkably well and Vigorous, vow drives ubout, it is observed, in @ gray cout, It wes # saying oO! (he Great Napoleon, at St. Helena, thst Ube time was not far cistant whev 4 cocked hat aod gray Burtout dandled on a stick would set Europe tp flames. What tbeee little adjuncts appended to the person of the victor of Solferine way produce we shall probably know soon enough Hr Majesty drove two days ago to pay & visit to poor General Dieu, who, it may be remembered, received @ ball in bis groim m the Italian campagn, and now lies in @ precarious state. Tho Emperor ordi- narily driv a pace which distances all competitor Hus pair of horses, for beauty of form aud splendid ov, are perfectly unique. They must, at least, be worth some five or six hundred guineas. ‘There {8 something their rapidiy of tooomotion whica is evidently peouiarly congenial to bis mind; tor when holding bard his flying steec, or galloping at the fail stride of bis charger along the lines at a review, be always appears to great advan- tage He grows enormously round shouldered, and as a tow days since he rode in full military state, preceded by &company of the Cent Garde in grande tenue, and followed at # ol ance by a brilliant stat!, to hold 4 cavalry review in the Bois de Boulogoe, bis Majesty's ure on horse- back was literally that of a hunchback A fancy fair for the benefit of the Britieh Charitable Fund is to take piace at the British Embassy, in the mid- dle of May, and the lady patronesses are Madame Fould, the Countess de Morny, the Duchess de Bassano, the Dach- ess d'Istrte, the Countess Walewsiri, the Countess Cowley , Lady Rokeby, Baroness James de’ Rothechild, Baronces Alphonse de Rothschild, Lady Oriiile, &e. The objeot of ihe British Inetitution is to secure the French capital against English pauperism; in other worda, to relieve such immediate distress = as cy be shown to be accidental, and return to their native country those who have clearly no means of bettering their condition by remaining| way from it. Myself » member of the committee, I can answer for some of the healthy results which flow fromosuch an institution. There 18 no excuse for mendicity as"begaras the resident or travelling English : there ix no cause of complaint on the part of France that English pauperism encumbers ite path. Now how stands it with respect to americ Ie tt not notorious that travelling and reeident Americau are pestered to death with petitions from their 0} countrymen, that the Consul is wholly inadequate to deal with the many applications for relief whica be- «tiege him, and that American pauperism ts rife in the streets and purlieus of Paris. Would it not be well if tome simhar institution ebould be aet oa foot by iniluea- tial Americanos bere, the American Minister, like the British ambaseador, taking cognizance of it, so that the government authorities should come in aid of private fand Spain, the Pays and Patri contained lamentable im- putationg against a neighboring Power. These papors ‘Ought so much the less to have accepted these imputations, knowing that they are devoid of authenticity.”” ‘The official Gazette of Madrid promulgates the Concordat concluded with Rome. The Emperor of Morocco has ratified the bases of peave. A manifesto of the Grand Duke of Baden has been pub- lished proclaiming the principle of the independence of the Catholic Church, and adding that its laws gre placed under the protection of the consti: tution. Guarantees shall be given for the sure foundation of the legal position of the church. The contents of the Concordat shall be lawfully sanc: tioned by special laws and other ordinances. The mani- festo also promises the free developement of the Pro- teatant church, a8 well as other public requirements. The Minister of Finance, Regenauer, has been pen- sioned off. M. Vogelmanne has been appointed as his puccesror. Other changes of high functionaries are ex- pected in the Basen government. Our Paris Correspondence. Panis, April 5, 1860. Passion Week—Impoung Ceremonies at the Churches of Madeleine, St. Rech, &t. Fustache and Notre Dame—De- totion of the Pavisians—Immense Attendance of Wor- shipers— Peculiar Relations Between the Church and State Caused by the Papal Question—Grand Case of Theft— M. Fontana the Sufferer to the Tune of $50,000—A Se- cond Warning toa French Religious Newspaper—Lord John Russell’s Abrogation of the Alliance Between Eng- land and France— Distrust of the French Emperor—Tem porary Return of Coun! Persigny—War Gossip—Alleged Distoyalty of Britsh Subjects—Lowis Napoleon as an Equestrian—A Fancy Fair at the British Embassy—The Names of the Lady Patronesses—Amaican Pauperism in Paru—Death of Lady Elgin—A Memoir of this Distin- guished Lady—Rumored Naval Alliance Between France and Denmark, dc. ‘This being Passion week, our gay metropolis sets an example of religious decorum. Ball, concert and drama, ‘and every other species of excitement ordinarily so in- dispensable, are, for the moment, dispensed with; nothing now is heard, from early morn to dewy eve, but the sound of chorch bells and the solemn music which tells of sin and suffering—of crucifixion and atonement. The Pencfre? La Cene, or the washing of the feet of twelve poor persons, in imitation of the Savior and Apostles, and the ‘oxquisite strains of the Stabat, were yesterday performed f& the Madeleize, St. Roch, St. Eustache and Notre Dame de. Lorette, at such various hours as permitted the attend- ‘nce of ail classes ; and it must he admitted that everywhere thp population exhibited the greatest cager- ness to avail iteelf of the, privilege. Never at any time during the last ten years do I remember the sacred edifices to have been so crowded, nor to have in- stanced more emphatic signs of popular devotion. Many, of course, frequent the churches from curiosity or a sim” Ple love of sacred music; but so exquisitely touching, 80 Boul elevating, are the ceremonies of the Catholic church at this epoch that hard indeed must be the idiosynoracy which is not affected by them. ‘Tho peculiar relation of the government, also, towards the Soyoreign Pontiff is not without its effecton many minds. The priests, to be sure, are dumb, from the pre ate to the humblest of his order, and the thuuders of the Moniteur are evoked to remind them again and Again that no bull or other fulmination from the Papal Chair can be published or commented on without express authority; nevertheless, it is equally well understood as if pro¢laimed at the market place that the chief executive in France, as in Sardinia, is under the ban of Christ’s vicar; and now, ata time when all are commemorating the agony and passion of Him by whose suffering alone cometh salvation, the thoughts of many, doubtless, dwell on his time honored representative, and mingle devotion to his person with thelr more elevated sympathies. A second warning has been given by the .Minister of the Interior to the Amide la Religion for having pub- lished an article which is descrived as ‘‘containing a formal attack on the organic law, which, in promulgating the Concordat and ‘establishing the exercise of Ca- tholic worship in France regulated the relations of the Church and State,” M. Veuillot, the propriete-. Le Univers, whose voice has been summarily close aad, on his return from Rome, a domiciliary visit fron, ‘ue ™Lce, and bis papers seized. Notwithstanding that the official journa, somewhat pom- Pously calls attention to the beneficial influence which the Oommercial treaty between England and France, though signed only two months ago, is beginning to exerciseover French commerce, everything is dulness personified. ‘The speech of Lord John Russell, cutting adrift the alli- ance, is repeated in every corner of the Empire, and the peace loving part of the community, they Who live and move and have their being by trade, are paralyzed. ‘What they say is, that it may be for good or evil, but the Emperor's policy is emphati- gally one of present distrust to all—that no man knows where, to place him; no man can reckon upon his word. The efforts to keep up the funds are too trans- parent to deceive any one, and are simply a humble, or rather an abortive imitation of the First Empire dodge, the way of a scandal to the country? Prima facie, par- tiee bave no business to leave their own coun tries on loose or miscaiculated — specuiations, and if they come to grief must endure the evil. But how would America herself have grown a giantess among the nations of the earth if thus her sons had thought of satety before al! things? Lady Elgin, the mother of the late Canadian Governor and present Chinese Pienipotentiary, bas just died in Paris. This was a remarkable personage. Her husband, the Earl of Elgin, was aman of mean mind and avari- cious spirit. By her,extraordinary talent she managed, among otber surprising things, to make him respectable and even respected. This Scotch Earl, whep married to - his first wife—by whom he had three or four daughters— bad an extracrdinary desire to dispossess her of a certain estate which she alone, by her mar- Tiage settlement, had the power to dispose of. Many a time ani oft had he put in practice the legal saw, that “\a man may kick or kies his wife of any amount of goods and ehattels,”’ butto no purpose. Bat there came a day whenethe game was in bis bands, and when without tarn- ing to the rigbt hand or the left, he played it out. Having a desire vo add a postcript to a letter he had just consigned to the letter box in hia own counting house, he desired the box might be brought to him. He applied the key, when, struck by his wifo’s handwriting on a letter addressed to a gentleman whore attentions to her he had before noticed, he broke the seal. The result was his sending for the Countess and telling her oo held in bis bands na iatene of her guilt, buf that, though he could never look upon her as his wife again, still, as being the mother of his children, all should be passed by in sifence, provided she would at once make the sacrifice he had so long demand- ed, and sign over to him the estate, &c. There wasno help for it; the Coutitess signed the deed, and the next day the noble Earl wrote to her mother to come and take her adulterous daughter from bencath his threshold.as he intended to sue for a divorce. And divorced he was. The late Lady Elgin succeeds her, and by the kindness of ber disporition towards the motherless offspring, she did much to protect them against their ill fate, frequently among other things, desiring them to visit their di mother. Her attainments wore so great that she instruct- ed her sone in Latin, Greek and the modern languages, ‘and lived to see them foremost men of the State. About eighteen months ago she received a stroke of paralysis, affecting her brain and her tongue, and her existence has since been a prolonged state o{ misery. Each day, how- ever, till within four of her death, she might be seen in the Champs Blys¢es drawn about in a Bath chair. The whispers that are current concerning a naval al- Hance with Denmark, and the genoral dis; of France to form a grand maritime alliance, are causing & deal of excitement at the British Embassy. Among diplomats, it is an ordinary remark that Ear! Cowley is no longer the man for England, and that, as ambassador at this Court, his days are numbered. ‘We have had a grand case of swindling, or, rather, downright roobery, in the jewel room of the Palais Royal. M. Fontana is the sufferer to the amount of 250,000f., or $50,000, and, in order to recover his property, bas offered a reward of balf the sum, even if the discoverer should himself be one of the thieves. Two gentlemen first entered his shop. occupied with them two ladies, superbly dressed in capacious crinoline, came in and asked to look at some diamonds. Somehow betwixt the two parties M. Fontana and his nephew lost I don’t khow how many carats of diamonds. The ladies, having secured them under their crimoline, left the shop, when the gentlemen bought an opera glass and followed them. Two minutes after the robbery was discovered, and the nephew rushed out and made chase, but the parties were flown. Our Berlin Correspondence. Brau, April 4, 1860. The Vascillating Course of Prussia in the Savoy Annesa- tion—The Annexation of Savoy Considcred a Dangerows Precedent—Prospect of an Offensive and Defensive AUK- ance Between Prussia and “Resignation of Baron Schleinitz—Rumored Mobilization of the Army and Naval Corps and the Early Concentration of Two Prussian Corps d’ Armée on the Rhine—Aspect of the Po- Wtical Horizon—Prognostications For a European War— When Will It Occur?—The Prussian Exchequer to be Heavily Tazed—War Speculations—A Prospective Heir to the Prussian Throne, dc., dc. ‘The Prussian government has just given afresh proof of that want of tact and judgment whith distinguishes their foreign policy. The indignation expressed by Lord John Russell at the behavior of Louis Napoleon had impressed them witb an idea that the moment had at length arrived when England would declare openly against France, ani join Prussia in a step whish she was all along desirous of taking if she could find anyone to back her. Carried away with this action, a telegraphic despatch was sent by M. de Schleinitz to London, reiterating the strong objections of Prussia to the annexation of Savoy, and inquiring whether England ‘would be inclined to support ber in an energetic protest Against it, and to agree with her upon the measures that should be resorted to if that protest were disregarded. In short, it was proposed to make the annexation a casus belli. Considering the intimate connection of Lord Palmer- ston with the Tuileries, and the state of public opinion in England, where, in spite of the dissatisfaction and distrust inspired by the conduct of the French Emperor, the ad- vantages ofthe commercial treaty just concluded with him are too keenly felt by all classes for them to go to ‘war on a question in which they have no direct interest, it ts difficult to imagine that the Prussian Minister would make such a proposal in good earnest, and with the expectation of its being accepted; bat German diplomatists, like the German nation itself, are apt to dwell more in the regions of cloud land than on érra firma, and to forget practical considefations among the delusions of ideology. 11 is so con- trary to their habits, too, for the popular voice to be con- sulted in affairs of fofeign policy, and they are 80 naively convinced that the people here have nothing to do but to furnish men and money to carry out the views of their rulers—a conviction which is shared by ‘most of the subjects—that they can hardly realize the dif ‘Dut without the same adequate means, for then the cel- 1 re of the Tuileries were gorged with specie. ‘The French Ambassador at the English court, Count Per- aigny, is here, and a mot of the English Foreign Minister ‘bas, since his arrival, been in everybody’s mouth, viz, hat France must be withstood now, or the peace of the ‘World has gone. Other things are likewise the talk of the salons since the return ot Count de Persigny. We hear the results of an open rupture very calmly discussed, and among other things it is ayerred, on what is called reliable @uthority that notwithstanding all the fuss now made about the volunteers, and the whole country bristling ‘with arms in England, that the masses, whether of the Sgricultural or manufacturing districts, would not fire a photin bebalf of England. . It is stated that 80 wide is the space between tho labor- ug classes and their employers, 80 complete has been the destruction of the middle class between these two— the smal! yeoman farmer and honorable millowner—that the country is now more than ever divided into the two fections of wealth and poverty. We hear it observed. ferent position of a British minister, and the nesessity he is under ef bowing to public opinion. Asa matter of Course, the inquiry of M. de Schicinitz was negatived, though in an exceedingly friendly and conciliatory man- ner, by the English government. Lord John Russell coin- cided, he ee es: the Court Of Berlin in regarding the ‘annexation VOY a8 © most dangorous precedent. He admitted that the independence of Switger- land, which would be compromised by the transf for of the adjoining districts to France, was a question 0 European importance, in which the groat Powers were bound to interfere, and added that he had remonsirated strongly with the French government on the subject, and would be happy if Prussia seconded him in his endeavors to arrange the difficulty by ‘‘ amicable negotiation.” In consequence of this intimation—which so affected poor M. de Schleimitz, who was in a high state of excite- ment at the prospect of an offensive and defensive alliance ‘with England that he has offered his resignation for the third and fourth time in as many months—the threaien- {ng protest intended to be sent to Paris in reply to M YORK HERALD, TUESDAY, Eeipeic feir with ming! benevolence in preventing what looks like something in | ‘Thouvesel’s clroular was replaced by a note, expressing lo general terms the diaapprobation with which the annexation Of Sevoy is vewed by Prussia, and reserving tbe quer: Gov 01 ibe Devtral dirtricts for @ eubsequeat co nmunica- ‘on, tbe tevor of whiob will nndoubtedly depeud upoo further pearporlers with Evgiand, Ip the mean ime, some vague rumers of wha: was goiog op began to be broited about, altnovgh the real staic Of the caso was only bnown to the inittajed. Toe partians of government talked fiercely of the imposiog attiuce = aesumed by Prussia, who would | soon sbow the world that she wag no longer the Prussia of M. ce Manteuflel, It wag whispered that a mobiliz tion of tbe army, or at least of several corps, might be shordy exproted, ahd & provincial jourpal, whion is usually ‘bought 1 he in the confidence of ministers, announced to the stardleo public tbat two armed camps were about 19 be erected Deartbe banks of the Rhine as a couuter- dep opstration t the Camp of Chalons. Trade was instaptiy paralyzed; the Bourse was paaic- tuicken, end Pruseiag funds, which bad remained un commonly steady ever since the armistice of Villairanos, experienced a tremendous fall. It is pow affirmed that all these alarmiog rumors were there canards, the inventions of some speculative bear or fabulous Tartar, ana the Prussian Gazette assures its readers that Do mobilization has ever been dream of and that the pretended camps are purely mythical, which \s quite true a8 regards the present, but must be under atood ip @ Pickwickian sense when applied to the paft, for it 6 Certarn that the most warlike resolutions had becn taken, avd orders given for an immediate display of uilii- tary force, im Case the proposition of Prussia sould be accepted by the British Cabinet. For the moment, in- deed. all such plans have been abandoned, the pea will contipue to be wielded instead of the sword, and rivers of ink to be shed instead of oceans of blood. The Stok Excbange bas been partly tranquilized by the assurances of the official organ, combined with the intelligence that France bas consented to submit the question of the Heutralized Cistricts to a conference of the Grout Powers, ano our merchants bave resumed thelr preparations for 4 feclings of bope and apprehen- tion; but every one is sure that the respite ix only tempo- rary, end tbat im the prerent aspect of the political nori von it is impeesibie to calculate upon the maintenance of Tanquillity for a cay, scarcely for an hour. In fact, the question is no longer whether we shell have war, but when we sball bave it. Many ere persuaded that it will break out this summer, and the most sanguine bardly expect ft to be delayed beyond next. That Prvgsia will bave to bear the chief brunt of the impending conflict is acknowledged on all bands; por is tt denied that it wit tax her strength, her moral and physical resources: to the utmost. We esball bb beat in the first batve say, perbape in the eecond, but we shall fot give in; a Pruesion Solferino wiil not be followed by a Prussian Villafranca, Ii was not the defeat of Jena that prostrated the monarchy ; it was tho falntheartednves and imbedility of our genera’s, who, after that catastrophe, surrendered the strongest fortresses almost without resistance, and thus enxbied the enemy to march in a few weeks from the Rbive tothe Vistula. We may hope for better things this time ; we may bave no great commanders; but we have no traitors or cowards in our ranks, and our strong- holds, our Colognes, and Erfurts, and Madgeburgs, and Wittenberge, wil! stop the progress of an invader as effec tually as the famous quadrilateral. Under the shelter of their walls our army will rally after its first check, and, reerforcea by a lewe em masse throughout the country, it will be ready to offer battle again and again, till the enemy is ruioed, like Pyrrhus, by bie very eu England, Russia, even Austria, cannot for s e eee us make head against the disturber of Europe without coming to the rescue; a second coalttion will be formed against a second Napo. leon, and the heir of the prisoner of St Helena will ex- perience the tate of Hs predeceseor. And even if Europe should cesert us—if we should bave to retire beyoud the Elbe, the Oder, the Vistula—we will defend ourselves to the ‘last extremity, and mever make peace until wo can dictate it to a vanquished foe. No ll this sounds very fine and heroic, but! question whetber such heroism: is practicable in our degenerate age, and least of all in this country. Saregossas, and Moscow, and Sebastopol, may do very well for semi barbarous nations, but well-to- do, industrious, painstaking people like the Germans can hardly be expected to sacrifice their lives and property to an abstract idea of patriotiem; and I am by no means sure that if Napoleon III should appear at the gates of Berlin the citizens would not salute hm with snouts of Vive V Empereur, and the burgomasters and common councilmen, in their gold chains, would not come out to welcome bim, as they did his ‘uncle, and testify their gratitude for his condescension in paying them a visit. As ‘or Prussia’s carrying on the war after the onemy had penetrated to the Oder or the Vistula, that is a mere figure of speech; for unless assisted by’ Auttria or Russia, the territory left her in that event would be too small and too limited in ite resources te enable her to raise or feed ap army. Spartan virtue of the may not be put to too bareh a test, and that if a war should be forced upon them by the ambition of the French Autocrat, they may ‘be better prepared for the shock than they were in 1806. Lunderstand that notwithstanding the proposed re- organization of the army has not yet been sanctioned by the legielature, measures are being quietly taken to place the military establishment on the contemplated by the government project, that the cadres of the new regiments are already formed, and that the process of mobilization bas been so much simplified that it will not be subject to the delays experienced on former occasions, but that in case of need it can be effected at the very shortest notice, The Princess Frederick William expects to preseat her husband with aeecond pledge of thelr mutual affection about the month of June. It is thought that if the politi- fee Gpeemoge lagers ‘be too eee Queen Vie- toria will come over to Present at ber daughter's ac- couchement. 3 3 The Pope's Bull. THE MAJOR EXCOMMUNICATION OF THE REBEL ITALIANS. APOSTOLIC LETTER OF OUR MOST HOLY MASTER PIUS IX.) POPE BY THE GRACE OF GOD, BY WHIGH THE PUNISHMENT OF MAJOR EXCOMMUNICATION 18 INFLICTED ON THK INVADERS AND VSURPERS OF OUR PONTIFICAL PROVINCES. PIUS PP. IX. t To the eternal memory of this matter. As the Catholic Courch, founded and established by the Lord Christ, for the everlasting salvation of mankind, bas acquired the form of @ perfect society by its Divine character, it ought, therefore, in the fulfilment of its sacred ministry, Rot be subject to possess freedom by which it may toapy civil power Apd furthermore, in order to ob- tain "that, Church required those te08 which were in accordance with the conditions and necessity of the times. It was, therefore, in ac- cordance with Divine Providenos, that, after the fall of the Roman empire and its consecutive division into several kingdoms, the Romish Pope, whom Christ bas established as the chief and the centre of his whole church, obtainea temporal power.. Therefore, it een ordered pet plone manner that, as guch & great number variety exit, the Holy Pope should enjoy the political ihe aioe he #0 much wanted, in order te exercise his spiritual power, authority and jurisdiction in the whole world without ‘any im And, therefore, it was necessary that the whole Catholic world should not have any reason to suppose tbat the Romish Pope is subject to any influence of temporal power, or biaesed in the exercise of the re- ligious powers which the Hely See has to fulfil over the greater part of the Christians. It is easily understood Uhat the dominion of our Roman church, although having the of Be. vertheless, pe 5 of & spiritual characte: holy destination which it enjoys, and Voted Lord EET Goat eee ri fairs. which conduce to the secular welfare of the peoples may be obtained by the Church, as the history of the Roman Popes during #0 many cen- turies sbows moet clearly. The general good and wel- fare of tne peoples being increased by the temporal power which we are alluding to, it is not astonishing that the enemies of this Church endeavored to weaken and to temporal reign of the embarrass it by many intrigues and all kinds of attempts. In these impious attempts they were vanqu! or later by God, who always defends the Chi whole world knows already how during these sad times the adversaries of the Catholic and Apostolic See have made themselves detestable by their attempts, which were characterized by their lying hypocrisy in trying to deprive the Holy See of its secular power. They could not obtain their end by an open attack and by force of arms, but only by false and pernicious prin- ciples, by cunning dissimulation in their con- duct, and by maliciously provoking popular risings, They pid not blush to counsel the les to sedition against their Princes, which is clearly and distinctly con- demned by the Apostle, when he says:—‘Iet every soul be subject unto the higher powers, for there is no power but of God; the powers that be are ordsnes of God. ‘Whosoever therefore resisteth the power, resisteth the ordinangg of God; and they that resist shall receive to themselves damuation’ (St. Paul, Ep. ad. Rom,,c xili., Vv. 1,etseq.) These wicked innovators, in king the vemporal power of the Church apd its te: dominion, ‘and in despising its venerable authority, go so far in their impudence ss to fe esteem for the Ohurch and obedi ence to ber commands. And it is the more to be depl that some of those on whom, as sons of the Ga! Church, the duty was imposed to protectthat Church, ‘and to maintain its power, have sullied themselves by their wicked acts. In these mischievous and perverse dairies Ven “we ote the Sardinian Pade ment eo prin: part, as it is known bow muc in that kingaom the Chnrch has suf- fered injuries and restrictions, which we have already vehemently lamented in our Consistorial allocution of the 22d January, 1865. The Sardinian government has until now despwed our just reclamations, and has even de- Clared to inflict on oug.church great injury, and to attack its seoular power, while according to the will of God, Holy See of St. Peter, as stated above, ought to be pro- tected in the liberty of its apostolic office. The first dent signs of the hostile aitacks were seen at Congress of the year 1856, when that power, among other hostile declarations, proposed to weaken the temporal jer of the Pope and the authority of the Holy See. But t year, when war broke out between the Avatria and the Emperor of the French, and the Sardinia, no fraud, no ein was avoided, which could ex- ar aha on the States of the pre em fence, instigators were dispatched, a money was spent, arms were ‘supplied, excitement was created by bad and journals, and fraud of every kind was employed, even on the part of those who were members of embassy of brepelowiremctd erring egtimoqmae A, EN tay pa and international right, as they pretendéd their dignity, in order to be led to misuse it to Leccand their dark our men: g r, by the close istian af- But this does not prevent that all those things sooner . The understood how much the temporal power, which is made questionable on this orcesion is neceesary for the matete- mance Of the Papal power. But, we snudder im saying the Sarciniam government has not only despised our Movition apd complainta and our retigious resentmen! but, by persevering in its wickedness by force, mmasey, threats, terror, and other cunpipg means, they obtains tbe universal vote in their favor, and dared to invade our provinees, to ocoupy them, and to subject them to their power. ‘This is & great profavation, as the rights of others have been uFurped agaipet tbe law of nature and of God, every jaw bas been overthrown, sud the bases of all temporal ower apd buman society bave beep undermi! We percetve on ope side, with the greatest griet, how uscle¢s would be ail further comp ainia against those who, like deaf adders, close their ears, end who do not listen t) our 18 and admonitions; and on the other side, We 60 of onr Apostolic See, und the whole Ca. tholie world, requires for stipmatizing the attempts of those wicked men, in order, not by tarrying, to prejudice the dignity of our grave office. It resulted that, faithipi to the examples of our illvstrious pregecsesers, we exer. cise tbat authority which gives us the power to loosen wad to bind, in order to employ the necessary severity against the guilty, and to give a salutary example to others. Having invoked the light of the Holy Spirit in private and public prayers, aud baving taken the aivice of the reverend brothers the Caréinuis of our holy Chureb, we declare, ia accordance with the authori which hold from Aimighty God and the most Aposties Peter and Paul, ana also in accordance with oar own en'hority, all those who have taken part in the My insurrection im our provinces in usnrpiag, soccpying aad invading them, or ip acing @nch deeds as we com of In the above m-ntioned allocutions of the 20th of June ‘and the 26th of September of the last year; or those who bave perpetrated some of those acts themselves, as wellas these who bave been their Warranters, supporters, help- ers, counsellors, followers, as well as those who cpnnived at executing the above mentioned deeds’ under whatever pretence, aod in whatever maangr, or who perpetrated them themselves, to © taken on themselves the atonement of major excommunication and religious puaisement as they are determined im our apostolic constitution, aud by he decrees of the general councils, 68 pectaily that of Trent (sess, 22, chap. 11, 0m Reforms); and, if necessazy, we excommunicate them again, we anathomise them, fur. ther declaring that they are to loge all privileges, and graceg, and indulgence whidh they enjoyed until now from, our Papal predecessors, and that they cannotin any men. ner be releared or absolved of these cousures by aay gue except ourselves or the Romish Ponti! then reigning, ex- cept at the moment of death, but net im the event of their recovery, wheu they are again subjected to tho above pupiehment, and are unable to receive any absolution, un til they bave retracted, revoked, annulled and abolished, in public, all they bave commitied, and have broughtevo- Ty thing baek fuil anc eflicientay to ius former state, and given complete satisfaction to the Payal power. There- fore, all ibese who in the re moteat manner have partici- pated in those deeds, and also the Successors ia their of. floes, are liable to such revocetion retraction, abrogati and aboluon of the above mentioned sins to do so ropally, in reality and in truth, and to give the full satis faction they owe to the Holy See, and under no pretdace to be released aud freed, but wo alwi remain bound by itupuid ‘are worthy to obtain the beuetis of it by ‘ab. solution ‘Thus we declare by the present letter. But in being obliged by ead necessity to fulfli this part of our duty, we do not forget that we represent Him on earth who wishes not the death of a sinner, but rather that he should be came into we world to seck and to save those who die Tucrefore, im fervent prayer we implore, and we ask unceasipgly, p. the meekpess of our heart, the mercy of .the Almighty to enlighten by the light of His holy grace, and by His Almighty virtue to lead bi to the path of salvation all those against whom we Dave been obliged to employ the severity of the religious pupisbments. Herewith by thie letter and all its contents, apo all toat bes been said above, we order all who have participated in any way or in any manner, of whatever rapk, dignity, or they indivio letter bas been written, and who are not sufticicntly desig nated, or who, sbould doubt the signature or the value of this letter, oF who ebould be brought before justice, and should appeal agains it, or who should ask for grace, and that this dooument is, and sball always remain and be con. sidered vali¢, and it sball bo invariably and iocontestably observed by those to whom it refers; they shall be re sponeible before every judge or deputy, also before the auditors (canditores) of ‘the Apostolic palace, and before tbe Cardinals of the Holy Roman Empire, and before the ad Latere Legatum und Nuncios of the See, and before all who possess, or will possess, similar power ; and they shall be deprived of ail faculty and authority of judging or interpreting, and that if they do it shall be deciared invalid. As the present letter, ag is well known, cannot be safely published everywhere, and cspecially in such places where it would be most required, we will that this letter, or copies of it, shall be posted on the doors of the Lateran Church, on those of the Church of the Prince of pr ered (Basilica Principis of the Apostic Chancery and General Curia (Quria Generalis) in Monte Cvatoris, and at the corner of the Field of of the city (im Acie Campi Flora de Urte,) ‘8 is uaual, and the 80 posted and published letters, and each of these letters, shall have the same power upon every one whom tf concerns as if they had been presented noménatim and, ‘We order that translations as well as copies of the printed letters shali be signed by some public notary, and sealed by some a who holds an ecclesiastic di : their Fall be reoelvable in every aoe ty yl in courts of justice as in any other place; as valid as if they were presented and de- livered personally. Dated at St Peter’s, Rome, under the ring of the Fish- (el ne Gacarauim ama eaniaair ok Ae of our jom. testimony shall count they PIUS P. P. IX. In the year of our Lord 1860, Indict III , the 20th day of March, the fourteenth year of the Popedom of our most Onrist, Pius IX., the present apostolic letter was pnblished and affixed on the doors of Holy Lord and Father in pap teaion pe h g churches, the Apostoli>; Chance- ry, the field of Fiors, by me. Avors Serarma, Apostolic Cursor. Pururrus Ossani, Magister Cursor. a were coachfulls of wounded, Swooning women.. be almos$ lifeless. was ieft on the ground with two sabre cuts; (Corapia) had received two d im the arm. Another (Zaccaleoni) was fallen upon in the Vicolo del- Jo Sdrucecioio, and knocked down by three biows with a loaded bludgeon; @ priest, near the Café Sam Carlo, re- ceived a thrust of a sabre, and was felled to the ‘@ severe sabre cut in the neck. baby were both struck with the same legs of a lady seated in another carriage, severely; another lady, who had fainted, was being carried inside the Bernini Palace, the breast with a gendarme’s broadsword. The above barbarous onslaught upon peaceable ditizens om the 19th of March seems to oe but the commencement On the 27th of March the London of trouble m_ Rome. ‘Times correspondent writes :— On Saturday, the 24th, morrow bring the women with you, nor yet t for we must have our revenge.”’ night, like an en U bil the had been all the foregoing every description. campment, thronged with troops Towards tiv barracks of the bint of the Piazza dal Precautions taken by King Bomba. In the moruing,, however, nothing hap. pened. The tanners, who really thought those bills had been stuck up by the Liberal Committee, were prep! sor vengeance. The same did the Trapsteverini, the ‘batfrom several villages men in arms came to town to bave their revanohe. Toe Liberal Committee, aware of the danger, and knowing the instigators of the im; "7 been perpetrated. You wish for vengeance, ana it is due to you. It goes bard against our own hearts to have passions of a people provoked to the to moderate the of excesses by the most abject of Governments, bd public no less than in private life we must learo to endure and wait, to conquer our feelings and give them vent only when we have at least a chance of suc- cers. ly, if our only object were to show the priests that you do not dread their cut throats—those starrt whom, with a cruelty unknown to the Bourbor or even to Austria, they, the ministers of Christ, have armed with daggers—you well know the trial would be neither jong.nor ardyous. But our purpose is to free Rome from their yoke. The time for it -is not far off, but it hes not come yet. Any mevement at this moment would be not only unseasonadle but we might increase the difli- culties the noble defenders of the national cause have to contend with, and might come into collision with the Freneh, to whom , 8 Italians, owe adebt of gratitude. of discretion. Those ll see at a proper moment .__‘Thowe who are now prompt- ing you to violent revenge act in the interest of the go- verpment; they would wish to shed fresh Roman blood— a blood which would do no harm, not good to the coun. trv. These & Come from the priest! St foes Pay ot These few lines had a wonderful effect. The went to the Minerva, Some of his friends cheered him, In the afternooa the Corso was almost entirelyempty. Thus did the scheme ‘mis- bat the town was mute. The War im Morocco. TEXT OF THE PRELIMINARY TREATY OF PEACE. ‘The Madrid Gazette of the pretimins- APRIL 24, 1860.—TRIPLH’ SHEET. converted and live, for he ay be, or whethor they are. ly mentioned or pot, for whose sake the present for any reason or pretence whatever, church of Innocencia, and at the top of the I saw one , with an ugly gash in her left & child with a deep out in the One Mazzotti ound with the butt end of a horse-pistol. One de Angelis was plerced by three sword thrusts; Rossi, a merchant, had The American Vice-con- sul is laid down with a severe stab in the side; & German artist with a deep dagger wound inthe arm; a nurss and weapon in the car- riage where they sat; another sword cut struck both the ‘wounding them and in that atate ), Was struck in ted bills were seen stuck up at the street corners, which said,“ Romans, do not to- children, Elsewhere I road, “‘ Gendarmes, to-morrow we await’ you at the Corso !’’ pe alate hour in the morning of Sunday I saw these ith my own eyes in the Corso; and yet, mark well! re on Sunday morning two guns went out of Porta Angelica, and were taken round ‘to the Popolo,—a, clear Government, which harbored designs evidently in the style of to our regeneration. Beware of Art. 4. Asa justindemany bie Majesty the Kin; Morocco engages to pay to Majesty the Queen ins the sum of twenty mil- of paying this sum will be 12 With the whole of the torri- tory that formed the ancient pashalic will remain in the possession ‘Spain as security for the execution of the obligation speol- fied tp the aforesatd article until the complete payment i the war wwdemnity, immoecietely after the said pay- ment ebal) bave be made in full, the Spanish troops will evacusie the suid town and territory. Art 6, A treaty of commerce ehall be concluded, in which will be ati; ulated, in favor of Spain, all the advantages that would bave been or shall hereafter be conceded the most favored pation. Art 7. To avoid, in future, eventslike those that ecca- tioned the present war, the representative of Spain at Morocco may reside at Fez, or at the spot beat suited f ‘the protection of Spanish interests aud for the main! nance of good relations between the two States. Art. 8. His Majesty the Emperor of Morocoe will ene rige the cetabliehment at Fez ofa house of Spanish mis- sionaries, like that which exists at Tangier. Art. 9 Her Majesty the Queen of the Spaing will imme- diately appoint two plenipotentiaries, who, with two others sppeinted by his Majeety, the Emperor of Morocoo, wit bave to draw up the definitive articles of the treaty of . ‘These plenipotentiaries will meet in the town of Trentan, and their labours will have to be completed with the least possible delay, the time in no case to exceed thirty days, reckoning from this date. Leorotp O'DONNELL, March 25, 1860. M The prelimivary bases of the treaty of peace havigg ‘deen agreed by Leopoi Chief of the Span Caliph of the empire of Morocco and Prince of the garbe, all hostilities pon and signed between Spain and Morocco , Duke of Tetuan, Captain General.in- army in Africa, and Muley Abbas, will cease from this day between the two armies, the bridge of Bureja being the line that is to divide the armies. The undersigned will give most peremptory orders to their respective armiss, severely cbastiee avy one contravening them, Muley Abbas engages to prevent the hostilisies of the Kabyles, and if by chance they should nevertheless commit auy, be authorizes the Spanish army to chastise them, without the peace being considered to be thereby infringed LEOPOLD O'DONNELL, Marcu 25, 1860. MULEY ABBAS. Lord Macaulay om Democracy. 10 THE EDITOR OF THE LONDON STAR. In connection with the letter of Lord Macaalay to Mr. Randall, of New York, which you have published in the Star of this evening, you may perhaps think it worth while to insert the following extract from a speech of “he same nobje lord, delivered in the House of Commongon the 24 day of March, 1831. “The subject of debate was the Reform Diil, and Lord Macaulay used these words:—I believe there are societies in which every man may eafely be admitted to vote. I say, sir, that thore are countries in which the condition of the laboring classes is such that they may safel; This is sal electing members of the Legislature.” that the supreme authority in a entrusted to the majority of citizens told by the head.” Of course, this also is written im reference to the institu- Uiope of the American republie. Now, sir, I think thet most meg will agree that from this state of facta only two inferences can be drawn; either that Lord Macaulay, in spite of his wonderful memory, has forgotten what he sndali, is par- Iam, sir, your obedient ser- actually did say, or that the letter to Mr. tally or entirely a forgery. vant, W. F. H. ALWOOD. No, 2 ALexanpuR TeRRAck, Westbourne park, April 7. THE NEWS BY THE AUSTRALASIAN. The steamship Australasian, from Liverpool at noon of the 11th inst., via Queenstown on the 12th, arrived at Portland at six o’olock yesterday moraing. She has been chartered for the voyage by the Canadian ‘Steamehip Company, to take the place of the Nova Ssotian, which was to have a now screw put in her. ‘The steamship Asia, from Now York, arrived at Liver- pool at 1 P. M. of the 8th. ‘The Cunard screw steamer Etna, from New York, ar_ rived at Liverpool at 1 P. M. of the th. ‘The screw steamahip North Briton, from Portland, ar- rived at Queenstown om the evening of the 10th. GREAT BRITAIN. ‘There is no news of political importance. Parliament was not sitting. ‘The French and othor Continental journals accuse the Of her Majesty the. Quoea of ly be entrusted with the right of with evident reference to the institutions of America, for a lit- Ue further on be remarks that ‘‘universal suffrage exists im the United States without producing any very frightful consequences ” And yet, sir, in the letter to Mr. Randall he is made to ray, ‘I am certain that I never wrote a line, and that! never in Parliament, in conversalion,or even on the hustings * * uttered a word indicating an opinion ‘State ought to be Fnglish Parliament of favoring the recent Carlist attempt in Spain and the insurrection in Sicily. A reform meeting was held in Hyde Park em Sunday, the 8th. The proceedings were tame, and there were not more than a thousand present. ‘Tho submarine cable for Gibraltar will be ready by the middle of September. ; FRANCE. An Imperial Commissioner was travelling through the neutralized provinces of Sardinia, and is said to have been coldly ‘The government im some places. reprimanded the Rays and Patric for giving currency te rumors that Eagland is blamable for the outbreaks in Spain and Sicily. ‘was quiet and unchanged. ‘The fluctuations on the Bourse were slight; the rentes closed on the 10th at 69f. 90—market dull, but firm, A new journal, the Correspondent, hadjappeared at Stras- ‘burg as an organ of the French government, and advo- cates the maintenance of the boundaries of France, Ger- many and Italy. ITALY. ‘The King of Sardinia was about to make a tour of in- auguration through his new dominions. The British Am- bassador (by orders from London) and the Sardinian Court accompany him. The Parliament of Tarin would adjourn, to enable the members to join the royal cortege. Garibaldi bad arrived at Turin and taken his place in | the Chamber of Representatives. HUNGARY. There had been a great anti-Austrian demonstration at the capital, the occasion being the funeral of « student who died of injuries received from the police in the re- Cent cemonstration. Six thousand persons followed the corpse te the grave amidst patriotic cries. The police Gid not interfere, and there was no disorder. SPAIN. The Emperor of Morocco had ratified the bases of peace. General Ortega and three persons of the highest rank had been arrested at Calandron. Ortega is to be tried at Tortona. A small body of insurgents had been defeated at Bilboa Previous to Ortega’s act, A concordat had been concluded between Spsin and Rome, and was promulgated. , GERMANY. ‘The Grand Duke of Baden, despite the vote of the Se. ecod Chamber, had proclaimed the independence of the Catholic church. He declares that the provisions of the Concordat shall be sanctioned and special laws or- dained. The German States of the Rhine are making special de- fensive preparations. JAPAN. Affairs in Japan wero unsettled, THE LATEST, VIA QUEENSTOWN. Loxpor, April 12, 1860. The tightness in the money market had an unfavorable effect on the stock market, and the funds closed lower The reaction in the share market was more decided. Money was very active, and 534 per cont was demanded in many instanees for short billig. The Colonial produce market opened dull, the Bank having raised its rate of discount 3g por cent. Consols closed at than yesterday. 94%. * SICILY. The insurrection im Sicily is sproading, and the des. patch of troops from Naples continues. : NAPLES. An ineurrection has broken out in Naples. The royal troops carried the convent by assault, after battering a breach, and the rebels and thoir arms wore captured and the demonstration in Naples crushed. The streots were cleared by patrols. SPAIN. Great efforts are making to capture Count Montemolia and his brother. ‘ The boundaries of Ceuta have been amicably arranged. ‘The value of the territory ceded to. Spain is throe hundred million reals. SAVOY. ‘The answer of Austria to the circular of M: Thouvenel on the annexation of Savoy, like that of Russia, raises no objection to the annexation, 80 long as it is the free con, coasion of Piedmont, and not an appeal to universal suf- frage. She desires the neutrality of Piedmont. MOVEMENTS OF STEAMBRS. The steamship Teutonia, from New York, arrived at Southampton on the 12th. The Paris flour market was heavy and lower. Wheat ‘The steamship Fulton, from Now York, arri ‘Southampton on the 11th. jie oultali COMMERCIAL GENCB. LONDON MONEY MARKET. Consels clesed on. Tuesday at 94% 0 9424 for and account. The market for Amoricam etocks had ae upward ton- dency. Illinois Central shares 43 discount; do. seven per cent bonds 793; New York al shares 69; Erie shares 11; Pennsylvania Central 97 40; ditto Sixes, ‘1st mortgage, 88 « 89. LIVERPOOL COTTON MARKET. Livarroot, April 11, 1860. ‘The sales of Monday were 12,000 bales, incinding 3,000 and for export. the market closed ly for tne infeaior STATE OF TRADE. : ‘ ‘The Manchester market wes quict, and in seme Previous prices were barely sustained. LIVERPOOL BREADSTUFFS MARKET. A holders demaading : salen of red at 10s. 34. 216s. 9d., amd white at 10s. Od. a 12s. Corm advanced 6d. a/1s.; yellow, 34s, 6d. @ 35a. Cap; white, 378, 0 888. f Pxovisions.— Wakefield, Nash & Oo. report Beef quist, and buyers demanding areduction. Pork steady. Bagon quiet and easier, and quotations unchanged. Prosvox.—Rosin dull. Spirits Turpeatine firm and slightly advanced. Sugar firm. Coifee quiet. Rice quot. Ashes quiet. The holidays proiuce quictncss im all articles. . LONDON MARKETS. Breadstufls dull but steady. Sugar quiet, ‘Tea dull. Tallow quiet at 568. a 566. 6d. Rice seed off 278. Od. w 288. THE LATRST YIA QUEBNSTOWN. Lonpon, April 12—P. ‘Tho Bank of England has advanced its rate of interest to five per cent. Consols closed at 9114 0 949{ fer money, and 91% @ 9434 for account. Lavearpoot, April 12—P. Mw. Cotton—Sales yesterday and to-day 20,000 bales, in- cluding 5,000 to speculators and exporters. The market is unchanged, but prices are irregular aud favor buyers. Breacetufls frm, with » good demand. Provisions quiet. Produoe quiet, Se err EEPEEErECeEEEEEEEennnenmmnmmermmamamatmemmennss FINANCIAL AND COMMERCIAL. Coffee din, Quiet. Bia Monpay, April 23—6 P. M.\ The bank statement of to-day compares 'as fol- lows with that of last week:— ’ Week end’g Loans. Specie. Circulation, Deposits. Apnit 11. $120,019,015 23,626.982 8,775,207 84,897,598 April 21... 128,448,868 23 283,314 8,790,459 $2,386,108 2,611,096 | 15,162 This movement is unexpected. The decline ia deposits proceeds from the withdrgwal of fanda by country banks, which require their meang at home, in consequence of the opening of naviga- tion. This r appears to have compelled the banks to red eir loans more rapidly than theic inclinations and their specie resources had led ob- servers to expect. The loan column is now as le, as it was three weeks ago, and $700,000 lower it was a year since. This statement will strengthen confidence, and impart courage to the meresntile community. Before another statement is made another shipment wil have been ‘received from California. i The news by the Australasian, that the Bank of England had advanced the rate of interest from 4 to 6 per cent, though generally expected by bank- ers, took the public at large somewhat by surprise. The cause of the advance is clear enough. The heavy drain of specie to India to pay for the rupee stocks which have been so favorite an investment of late with the speculative public in London; tha general activity of business; thi long credits grant- ed to foreign purchasers of British goods, and above all, the unusual tardiness of specie remit- tances from New York, are quite sufficient to ac- 5 gount for the phenomenon. Up tv the present date, our specie shipments to England since Jan. 1 are $7,500,000 less than the shipments of the cor- responding period of 1859, and $5,800,000 less than ‘those of the corresponding period of 1858. Had the cotton crop last year been less abundant than it has proved, the Londom money market would have probably received, between January] and the present date, over $8,000,000 more gold than we have shipped, which would have enabled tt® Bank of England to supply gold for the drain to France, without raising the rate of interest above $a 3} per cent. We have kept the gold, and the consequence is a British bank rate of 5 per cent— rather higher than the current rate here. Some uneasiness is felt in certain quarters as to the effect of the movement upon our money markets. Some + Persons this morning seemed almost apprehensive of @ panic. . Such fears are gratuitous. Panics and commercial disaster8 will never arise here from embarrassments of foreign communities, but al- ways from imprudences of our own. If the bank rate of intereat in England remains at 5 per cent, while money is very easy (as is the case present) at 5 in New York, certain foreign houses which have large balances here will send them to England for temporary employment; and the transfer will speedily equalize the rate of interest in both countries. It is further probable that the advance value of money in England will hasten specit shipments from this side; but so long as our commerce is conducted on sound principles, and our, staple products continue to be supplied iz adequate quantity, there need be no apprehension of any evil consequences from a resumption of specie shipments. Indeed, it is now becoming rather desirable that the usual sammer export of specie should commence. The United States should—to make their exports balance their imports—ship at least $45,000,000 of specie to Europe this year." Thus far—though one-third of the year has nearly elapaed—the total exporta have not been over $8,000,000. There was rather more activity in the exchange market to-day, and bankers were asking 109} for sterling 60 day bills, and 110} a3 for short sight; but even at these rates it requires very nice management to ship specie without netting a loss. The leading drawer on Paris has advanced his rates to 5.12} and 5.16* The Persia will take out between $600,000 and $750,000 in specie, about $100,000 of which will be in silver. Money was not affected by the news ‘ froi ‘ope. ié is still amply supplied.at5 pec per Cent on call, and 5 for short, and 5486 for long first class double name paper. An advance of one per cent in money seems quite likely, if specie begins to flow outward freely; it would be a healthy indication. The realization of profits by opefators on the Stock Exchange, which began on Saturday after- noon, continued to some extent this morning; and, the news from Europe being unfavorably construed by speculators, a general decline was the result. It may be remarked, however—and the circum: gtance is noteworthy as throwing light on the cha- racter of the market—that the bond market did net share in the decline. State stocks were very firm, and the issues of the Hudson River, Michigan Southern and other railroads were all either or a fraction better than om Saturday. The decline ‘Was most marked in Central and some of the West- ern stocks, which have been largely bought on speculation at lower prices. Central declined to 794, closing at 79 bid, against 79§ bid at) the close on Saturday. Other speculatiy stocks fell off nearly as much. Comparing transactions at this morning’s board with the ng prices on Saturday, Rock Island declined Toledo, }; Galena, #; Mlinois Central, 4; Mic Southern }, 4; Michigan Central, j. Pacifie | Mail and Panama were steady. This afternoon the market was quite active, and stocks closed weak at the following quotations:—Virginis 6's, 933 a 4; Missouri 6’s, 84 @ 4; Canton, 21 a 3; Cumberland Coal preferred, 15; Pacific Mail, 1043 a.1065; New York Central, 79} @ 4; Erie, 173 a 18; Hudson River, 41 a 4; Harlem, 13; a 3; Harlem preferred, 3904; Reading, 43} aj; Michigan Central, 47j a 48; Michigan Southern and Northern Indiana, 123 a 13; do. guaranteed, 233 a 24; Panama, 136 a }; Illinois Central, 593 a 60; Galena and Chicago, 66] a Cleveland and Toledo, 29} a §; Chicago and Rock Taland, 633 a 64. The following are the last quotations of sight ex-