The New York Herald Newspaper, May 22, 1866, Page 3

NEW yorK HERALD, TUESDAY, MAY 22, 1866.—TRIPLE SHEET. s : eH DEFEAT OF THE SPANISH FLEET AT GALLAO. EUROPE. HIGHLY IMPORTANT. The Cuba at Halifax with Seven Days Later News. Most Disastrous Financial Panic in England. | Fichteon Millions of Pounds Sterling Involved in Failures of Banking Com- nAdnnce The Houses of Overend, Gurney & Co., Sir Morton Peto and Others Closed. Jotense Pressure’ en the Bank of Bnglind and Its Charter Act Suspended. Extraordinary Scenes in Lombard Street and the Distrust, Boundless. The Commercial Centres Shaken and Liverpool Failures Spoken of. RATE. OF INTEREST AT TEN PER CENT. ari The German Question at the Point of War. Prussia Massing Her Army, Austri cage Oat Every Soldier, and Italy, BavahRe Bussia and Turkey Arming. American Protests Against Austrian Volunteers for Maximilian. Endia, Ghina, Aastralia and the Coast of Africa. &e. eo. . The Gunard steamehip, Cuba, from Liverpoo! 12tb, sta Queenstown 13h instant, arrived ot Halifax yestey- Vax, ‘The steamer Empomurice Eugenie from Mexico arrived ebSt Nazaire, May £2, with troops and nine milliénet francs, three million for the French Treasury. ‘m England the Parliamentery proceedings were wnim- The House sf ‘Commons dévated with some wurmth question of tbe ineMetency, from old age, of two Uriah judges, “Bir Robert Peel provoked some sligtit ex- ‘eitement, “No action\was taken. ‘The Londen Merald says that at a very large ‘mreoting of Lord-Derby's supporters, on the 11th of May, it was wewe'rad tbat no opposittorebould be offered to the sev. ou:: ~ sling of the Reform bill for redistribution of the eee.) thatthe! bili ‘be allowel to go into the com- mhicn ‘The ¢helere-contin ned to prevail among the passeugers o. steamer Helvetia, and a few edditional deans, Bot confined to the German, are reported, The steamer remained in. quarantine. A large pumiber of the grew took forcible possession of tBe tenderand deserted ‘the vesre), but subdsequently were prevailed apon to re- ture. ‘The ceamen in Liverpool, and expecially those engaged em the steamers, were on a sirike for increased wages. Many of the leading firms had acqufesced in the demands of the men. a ‘The Balticfrom New York, arrived at Seuthampton om the 10th of May ‘The Persia, from New York, arrived at Queenstown on the 11th of May. ‘The North American, from | Portiagd, arrived st Liver. eepcol onthe Lith of May. ‘The Hibernian, from New York, arrived st Liverpool om the Ith of May; not Greenogk, as previously re- I ‘The steamship City of Washington arrived safely at ‘The failure dose not comproHise the w Beorwich. On the following morning (tar, May I). g excitement prevailed in the ONA0°% ciroles of I Liverpool and other centres, and lyinean was almost “ney Bama ot ‘The London Timer of May 12, 10 1 by article, eaye:— The Bonk of England yesterday raieed we rate of dive count from eight to nine per cent, ald Cees for special advances ten. The preswure, C76" Yhese terms, eas cnormons, and it was only OD UNE CP aahie ville that an accommodation could be obiaine: Meanwhile additions! and most serl0u dsa@!.g wore anavune d ‘The firet war that of womcopee > 7 Senk, the Kagiteh Joint Rock, for £800,000 Piem came that of Peto & Betus fot F Milltone ster “yen jus Of W. Ehrimpton, 177A comtrsctor, for Gath 000, 104 Goaily A was unde*0O" Sat the Inmporiat hose pid uy capital is Mercantile Credle Amewiesiem ig Consddated, Discount Diagram of the Battle at ‘A—Reruvien battery—eight 82-poundore W—Peruvian battery—eix 82-pounders, ©—Perruvien battery—two 900-poumders (Armstrong. op iron turrets, blown up.) Callao rs Iron-Clads---T otal RR E F EK R a ‘dattory—aix 82 pounders. E—Peruvian battery—two 450 pounder Blakeleye, one Sinch rifled, fve 24-poundere and ono 32.poun- der. ne EN OC B 8 F—Peravian batiery—Ave 82-pounders. G—Peruvian battery—one 460 pounder Blakeley (dis- mounted after Gret fire. ) H—Peruvian battery —two 450-pounder Blakeley®. Spanish Fleet and Peruvian Land Defeat of the Sp Om SCALE OF MILES Batteries and | LOW LawdD CABTLE 4 Manan BELLAVISTA BELLAVISTA Y MK—Peruvian battery—two 900-pounder Armstrongs, ip turreta, L—Perayian battery—four 32-pounderp ' % Von sterling must, with exrmmvly heavy commitments, } (pase into liquidation. | During the day the most intense anxiety was man! feated to apcegtain if any stop hed been taken by leading merchants and baakers to represent to the government the extent of the criix, and-o false notification on the Stork Exchange (o the effect that an extra issue of bank notes to the extent of ten miltions had been authorized cauted at one time a geaerai rebound in prices. Later in the evening #t transpired that the governmen' had resolved to suspend the Bank Charter act. ‘The assets of Peto & Betis, even under the most de- pressed circumstances, are estimated at five miilions sterling, and it i# confidently sssumed that in a short time # proposition for the adjustment of all claims can be submitted. very one will hope that this may be the case, for Sir Morton Peto and his partner rank promi ently among those who have carried the fame of Eng- lish enterprige to all parts of the globe, while they have commanded high per-onal regard in all nations among their countrymen. It is already known that several failures among deal- ers will be announced in connection with the approach. ing half monthly settlement on the Stock Exchange. A large number of country bankers were ip London to confer with thelr London agents to provide against all danger from Jocal runs. Rumors were ‘circulated im the course of the dayofa severe run op the bank of Harnetts, Hoores, Honbury & Co., but they were entirely witheut foundation. There was aran upon two or three other banks, but being well met soon subsicied. Both in Loudon and in the country ample preparations wore very generally made for sach contingencies. The London Daily News mye there is a complete reign of terror om tre Stock Exchange, where numerous and persiatent specuiators for a fall possess for a time com- plete command of prices. American securities share in the general duliness and all quotations trelower. Satter thwait'scireular says the fall weuld have probably been much greater if there had not been large parchases for shipment to America. At Liverpool great depression Prevails im cotton and other articles, aud thore har been a complete collapse im that town. The recent extraordi- nary specutation in pig irom drove the prices up to 2x. and are now bos, In the freight mariet the threatening aspect of affeirs created war premiums, chiefly op Prassian, Austnan and Ttaliam bottoms, but the rates were somewhat lower. ‘War rinkn were-even being paid on Spanish vessels be- tween Spain and the West Indies. PANIC IX TAD TRADE CENTRES. In the Liverpool cotton market there was an increased panic at the commencement on Friday (May 11), but leax enstendiness at tbe -close. At Manchester there was a complete pause. At Ginagow the tren brokers resulved to suspend vasi- nese ill Monday. Ip the prodnoe markets s| London prices were almest Taking into eecount the depreciation that has simul- tancousty courred ip Koylish funds, railway and foreign seouritien, &e., ‘he diminution in the market value of this property simoe the beginning of the year may be BXFRAORDINARY SCKNEA IN LOMBARD OTRERT. The Leadon Ties, in an editorial, says, if enything can jomtify the suspension of the Bank Charter act, the panic which swayed the city to and fro on Friday (May M) may excuse the siep, although we believe the reign af terver wea appresching its cul and would have speed: ty reset ed mo infraction of the Bank law bee permitted. Been now it is probable the allowed fe the bank will mot be uned. bowereg, be denied that about midday causes rather than ¢o the interference of the execative ee were current at Vienna of Russian prepare- government, ‘ The London News applands the wise and prompt action of the government, and says:—During Friday the bank had extended fts loans and discounts until the amount exceeded four millions sterling. ‘TRE EPFECT. ‘The effect was to reduce the bank reserves by nearly Thre jiome. Thw diminution and the prevailing dis- | trust jastified the government intervention, THR NEWS IN PARLIAMENT. The action of the goverament was announced in the House of Commons on Friday at midnight by Mr. Giaa- stone, who had been engaged all the evewing in con- sultation with bankers and others, who represented to him that the pane in the city was without parallel in the Snarncia! history of the country. Mr. Gladetone said he had addressed a letter to the | Bank of England to the effect that if they should find occasion to afford relief to the wants of ligitimate com merce, and make such advances as would require the issue of notes beyond the amount allowed by act, the government recommended them not to hesitate in doing 80, and underiook, in the event of that emergency, to make immediate application to Parliament for an act of indemnity. THE LaTESr. Lrvenroot, May 13—Kveuing. There is a better feeling and a general improvement ip ‘most securities to-day. » There are rumors of failures in Liverpool. | One house, well known im American trade ix freely | named, THE GERMAN QUESTION. The War Attitude Maintained tea Poin Near Actusl Mostititie—The Whole Prussian Army Maseed on the Frontiers and Austrie Calling Out Every Soidier— Hopes of a Congress. ‘The question of war for the moment is overshadowed by the financial panic. There is no modification im the threatening aspect of affire ‘A Vienna telegram of the 9th says that si! bopes of « bilization of troops, #0 that the whole Prussian army |* w mobilized. ‘The town of Erfort had been ordered to be placed in a state of defence. The London Time, in s eummary view of affairs on ‘the 11th inst., says the whole Prassian army and great dodies of troops are massed siong the frontiors. Austria ie bringing into the fisid every man she can reise, and it is enough to sey the whole nation is panting for war. There were rumors of communications by France and England with Anstrs, with « view to avert ‘an outbreak, bat nothing authentic. Florence and other cities. Italian manicipalities continued to vote rewards and penmons to soldiers who shali have ditinguished therm. velven, and at Mensina the sum of thirty thoussad francs ‘wag voted for the crew of the first Italian man-of- war that shall take distinguished part in operations agaipet Venion. The city of Venice is said to be closed to traffe from without. Italian and German journals bad become more reserved in thetr erovants of armaments and military A corel Cocos, an aE So OO Se , die solving Cbamber ‘This mengure was = the King fh order that » ‘might the real feet. thie wight of Bertin, in announcing army, the = 0 doe re that it it Hf H iil z § t been also issued from Constantinople that , and call. despatches from Vienna say that the aspect of affairs is recarded as threatening. Mopes of mediation and peae are being regarded as illusory. A loyal mani- festation and active military measures are reported from various parts of Austria, The Archduke nier had left Vienna for Verona. The Vienna Neue Preundentiatt saya the reply of Prus- sia to the last Austrian note has yn received, and is calculated to,¢nnse a complete rupture baweon the two ore, ENGLAND'S POSITION. In the House of Lorde inquiry was made if the Bng- lish government had te ite mediation im the German-Italian difieulty. Lord Clarendon said to let it be known that England's good offices would be freely tendered if desired, but the result was d scour. ‘aging, and England conld do nothing alone. He feared the government had taken care | the consequence now that a million men were urmed | and ready for action, and he denounced the war as un- | justifiable aad without cause. NAPOLBON OX THR TREATY OF 1AL5. Some days to the sailing of the Cuba Napo- leon made a mpeech at Auxerre, in whick be smd be ‘the treaty of 1815. The Puris bourse had accepted it asa@ signal for war, Severe panics bad set in. Rentes fell two per cent. ATTEMPT TO ASSASSINATE RISMARK. An attempt was made to asaaesinate Count Biemark os he was walking in Berlin. The ssgmesin fired several shots from a revolver, Bismark regcived only a slight contusion assassin was arrested, but committed suicide in prison. THE LATEST. Lavenroot, May 12— Evening. | dewpatch Ce are mill entertained in | some quarters | the ground that Austria will make some concessions. It believed that po treaty has yet been concluded between Prussia and e Pare tof the Lopdon 7% be- res, 0m good , that there ty till a chance for peace if Kngiond and ‘Wil join France im a con- green ad hoe. tacranale May 19, 1806. German politics are It ls reported at Viewna the last reited Mexican volunteers will enter the Anstrian army | | ! for Max: | Mr. | Times onye The Parie Cmaltiationnd of the 12th pabliches an ar. ticke which states thet France hes not onased to give counsels of moderemon to Pruma, Ansiria and iy i i i ‘i iat jal tl itt i ‘i i i rf STER “ie ef Ei hi mi adil leh ites ? 5 F if ate i = 2 E i | af f | proving the eootie trade and the mercautilo arrangements of he country. Treachery had been discovered in the imperial camp at Hankou, "Seventy-seven Nien-Taein spies bad been canght and executed, Commercial Intelligences THE LONDON MONEY MARKRT. Lonpom, Friday, May 11, 1866 Consols closed at 86 a 8644 for money, Univ five twenties, 64 & 65, Iiltnois Central shares, 74 « 76. Erie shares, 43 a 45, The bullion in the bank bas decreased £35° 600. Baring’s Circular saya there is nothing doing in Amer foan securities owing to the prevailing distrust, United States five twenties are nominally 60 05. The Bank har raisod its rate of discount to 9 per cont, TUK PARIS HOURSE Pane very irregular, but Loxpos, May 12—P. M. Console for money, 86%; 2 864, Uniled States five-twentier, 64 a 66. Iilinois Central shares, 76 4 78. Erie shares, 44 0 45, ‘The Bank ra as towday advanced to 10 per cent ‘There was a boiter feeling and a general improvement Jn mort securities to-day. LIVERPOOL COTTON MARKET. Lavenroot, May 12—A. M The Brokers Crosland reports the sales of cotton fur the week at 46,000 bales, of which 8,600 were to specula- tors and 4,000 to exporters. ‘The market has been very The Bourse Rentes, 64f. dil and prices declined ¢¢. @ 1d. for Americany and }, a ligd. for other deseriptions, The authorized quota tows are.— Pair, Middling. Urieaue. 164 13494 Mobiles Ib Uplands ise 44 12d. The sa Friday were only 6,000 bales, the market closing dull and weak owing to the Snancial panic, the failure of Overend, Gumey & Co and the further ad. vance of the bank rate to 9 per cent ‘The stock in port Is estimated at 870,000 bales, of which 968,000 are Americau TRADE IX MANC HORST RM. The Manchester market i unsettled. There w tranariion* yesterday in conseqnence of th pamie, LIVERCOOT, BREADSTCFFS MARKET. Bresdsint® linve an advancing tendency, byt cloee quiet, Flour quiet end ffirm at an advance of 6d. » Le per mck on the week Wheat firm at an advance of a4 winter red 10», 3! a 10s. bd, Corn firmer and Is. bigher mined 2%. % tends downward LIVERPOOL PRODUER Ashes—Smail sales aud prices lending @ownward Bogar quiet aud steady inactive the tendency downward. need easier quiet and steady. Sperm oi! steady, ot £129. Horie dy. Spirits torpentine quiet at dam Petroleum fet a. for refined and £14 16s. for ernde. LONDON MARKETS, Kine quiet ond frm. Toa qu niingdowawert Petroier in quiet at Ge 86 a 2+ Bhd. for refined. Tallow dull end unchanged §=Linreed wil setive for export to Amerie wales at 344 2 Sha Ot Engileh tn advanced Os « te. TUR LAYPRT MARKERS, Livenrom, May 12—Evening Corton. — The ealer to-day were 20.000 bales, including 6,000 to speculators and exporters = The market te Grmer fad prices ‘a or Middling uplands abowi 124 * wy Breas fig quiet sod firmer acl and ending down werd. Avourts, Ge. Gencrele Siomimon and Fullerton bad an Mavanran Matonday WA the General Conference of the Afrivan Methodist Charch, composed of Glesgymen from Georgia, Plorida and South Carviloa bere declared that the Jomande « comtinnance of te Buress present. Three others tewified to sence of Bureac agente io Booth Careline biecks having been deprived rome of thew jabore and cructty puniahed. Geoera! Si-ei cas, \o copelanon rged the importance of cult rating tind fexlings with late antore, sewured thet Seg wee Ree a1, 1808 ered oterret one the f Jett for Florids on Me “ The berk Yokohama, Captain Camperiae, from Bete | vin, haw arrived, bringing’140,600 pounds of wager sud | 2.440 bage of cottes, Mephen Maxwell, second mate of the whale ship Jo rh pare, of New Bedlora, wea drowned at me a ; on oan ao ; Wotkine, ie! elied Pagume, is tory mY tremens, of won mot \gnoremt | Our Special Story of the Pro- gress of the Spanish War. BLOCKADE OF VALPARAISO RAISED Admiral Nunez Sails with His Fleet for Callao. The American Squadron Follows, but Does Not Prevent Fusther Out- rages by the Spaniards. GREAT BATTLE AT CALLAO Terrible Defeat of the Spanish Squadron After a Fight of Five Hours. THREE OF THE SHIPS DISABLED. The Peruvian Batteries Splen- didly Served. ADMIRAL NUNEZ BADLY WOUNDED The Peruvian Minister of. War Killed. ~ oo”, THE CITY NOT*BOMBARDED. 4 percent! Ab ; THE WAR VIRTUALLY AT AN END. Sy. ae. ae! ae pe By the arrive! a6 (bis port yosterday of the steam ship Arizous, Captain Maury, from Aspinwall en the 1 isch tose, we have received very important intelligence respecting the progross of Ue Spanish-American war, by which it will be seen that the Spaniards have been badly beaten off from Callao, (heir vessels shattered aud their Admiral wounded _ The Arizona bi ti very full complement of paseem- gors and the followbng consignments of treasure — Panama RR. Co... $20,079 PROM ABPINW AL! Dancan, Sbermen Fitnt & Hall 400 & Co 65,907 8 1. Teaaow 100 JW. Seligman & Co 42,900 Trevour & Colgate 4,000 Weill & Co 041 Hloatley. kus 1,200 Bacon & Wells, Farg »& Co 2478 Mareal ato... 210 *, Ackerman ono Total, $1 2 Oe { FLEET. OUR VALPARAISO CORRESTONDENCE. Vauranamo, April 13, 1866 Nothiag of importance the Spanish-Ameri- war bas transpired » my letter of the 34, detail ing the particulars of the bombardment, exceps the arrival Of the Spauish (rigate Almansa, forty-four guns, from ‘pain, to reinforce Admire| Nufes's feet. The excitement incident to the bombardment has subsided, but there is still a feeling of serous apprehension p among the people, foreign as well as native; aad the blockading feet st anchor in the bay ie hourly watched with the closest atiention, to discover, if poss bie, some movement indicative of the enemy's plana In the harber everything remains quiet, The United Mates were Vanderbili, Powhatan, Tuscarora and Mebongo, and the monitor ork are anchored in Hie, close along the rout of the city, and Just Lack of Uhewe are the Kngliah @igates Butie) and Leander and steam sloop | Devastation The storeehipe of there squadrons and | another vey are he uly other | sets in the be ception of 8 few bulke spew wlgeb eumponded inet year, by | the announcement of the blockade, Vive miles out | the Spaniard are at anchor wear the potas whieh forme | | repaire were the worth ndary of the bay. A fow prase A846 transport are toning upon the waves whe we coaring!y @weep in [rom the open ee, and from the oly we can see with the naked eye the tmmener frigates rocking to and (ro and (heir masts ewinging like # por 4 jum, varie THe womanCtA, T recently evalied myself o' an opportunity to viet the Numancia and «pent some me on board, Walking up the starboard reps the rietor passes through the bat Werks, Shich are about seven feet bigh, om the upper i K, and turos of to the Admire! #cabia, Thin apart- {te plainly furniabed, containing sofas permanentiy hed to the wides of ihe room, & table, « few chair ard & ermal ool grate The Spestsh cost of arme oh (he (able were somttered paper, pent ond they materials for are (requently made to th Cabin in & email epece for th oem iT OF ak . a The Admiral @ smell in re, i iaive im hin Poovemenia, exceed ngly Courteous and impremes ene very favorably, the bar, eightly mined wah grey, le cot close, bus epee are Keen 00d (eviews, tnd thie face, | with Deavy tide whiskers ahé prominent fenteren, leaves | «0 mpreemon oo the memory not Kiely to be soon | afecet ie free © cleborste but net geedy. In tom | vereetiom we ot ute of mommy exyreerive gesture, but when view! bis lipe are emly compressed end bie ote | b de at of deep atmtrertion. roeabie loterview, in whith be empreased | regret @t the war and bis relectance town afer Fog | calling (he @ties ond Qomemeree of thie Cone, I teak « | riot otro about (he @ip, escorted then forword aif the teniries on duty, The cohen foe wae white and emowth ami a the epper works looted trim; though below 1 found mech lee nestnegs than te beerved in oyr vemele wer Peasin ret vietied ihe ward room, where cont ottabee 08 ovat, be Cratred, sat (he Ge, Wirty four ataty. Be asa Ng, te “de The penn cotlamees, ke, in (he reeks forward, were clean a0 thowet good care, end the “meooe were polleked 6 | drightoens like oer own The portholae ale very emai, Bot allowing en slerecion of & gue of more than © degree an! abel! and out be crlromely @fewlt @ meee teriona \ajory ope an Opteming vemel whith with heny. er Gone might heey oT at long range amd Below tbe gun deck ore the eng net, the tbinty-one fant of ester, ond, it ie claimed by her of | corn, cam make fees knee an hoor | Pegarded co doubila! vy officers of the | fhe bare formate spar on her bow, ‘ohh oleh the belies of the freee esperieg tap