The New York Herald Newspaper, June 11, 1866, Page 1

WHOLE NO. 10,877. EUROPE. straining every verve to 80 prepare hervelf that on the great day she will present herself in full panoply of battle om the histotte Po or Minclo, aud be ready with ber good sword to finish the carving out of her destiny. ‘The immense task before the young kingdom is not un- known to and unappreciated in its magnitude and bear- ings by every well informed Tialian, It is felt to be a The Hibernian at Father Point and | nercuiean one, and commensurate efforts will be put Edinburg and Malta at New York. TWO DAYS LATER NEWS. Our Florence, Vienna, Madrid and Paris Correspondence. Negotiations for a Congress and Pre- parations for a Great War. Mapoleon Seeks the Presidency of the Assemblage. The Austrian General Benedek G te the Field, and Italy in a Blaze of Excitement. Repert of a Skirmish Between Austrian and Prussian Troops. SMALL HOPES FROM DIPLOMACY. PRMANCIAL DIFFICULTIES OF AUSTRIA. Spein Waking From Her South American Delusion. The Austro-Mexican Volunteers and Mr. Seward’s Mexican Policy. TWE RACE FOR THE GRAND PRIZE OF PARIS. AM ENGLISH HORSE THE WINNER. The “Fashionable World” as Repre- sented at Longchamps. &e. ae. &c. ‘We meamship Hibernian, from Liverpool on Thuraday, Mag 81, vie Londonderry June 1, passed Father Point at even o'clock yesterday morning, en roule to Quebec. \ fhe Inman steamship Edinburg, Captain Halorow, from @meepetown 20th of May, reiched this port yesterday. ‘TRS Cunard emigzant steamsbip Malta, which left om the afternoon of the 29th and Queenstown @& the B0th of May, arrived at this port yesterday after- Bose ‘Gho pews by the Hibernian is two days later than the e@vices of the Allemania, an smple report of which was published in the Hxnatn yesterday (Sunday) morning. Phe London Herald rays the Chilean Minister to Lon- em hed demanded bis passports. The British govero- ment ts said to have offended both belligerenta, Spain is fadenesd at Mr. Layard’s Innguage and Chile ie indignant ab being left in the lurch at the eleventh hour. Af Queen Victoria's birthday celebration the Cabinet ‘MMaisters all cave banquets in London as usual, upon the @veasion. Mr. Adams and the heads of the Diplomatic Body were present at that given by the Earl of Claren- @em, Minister for Foreign Affaire, At Liverpool the @agor gave & banquet in honor of the day to the foreign qxasals, the local officials, &c, Mr. Dudley, United States @ensul, spoke for the consulate body, and in the course of bis remarks expressed an earnest desire for perpetual fendship between England and America. ‘There are no further cases of rinderpest in Ireland. fm the English House of Commons Mr. Layard said that fe Conference at Paris had come to the conclusion that fe election of Prince Charles as Hospodar was illegal, and instructions had been sent to the agents of the differ- emt governments who were parties to the Conference thas no steps had been taken to recognize Prince Charies. Mr. D. Griffith desired to know whether the Confer. qmee bad authorized any Actual intervention tn the prin. digaliies. Mr. Layard—No. ‘The Berlin cortespondent of the London Times, writing om the 26th of May, says:— ‘The brothers Daven are on the point of leaving “after a short but not very profitable” nojourn In playing of tricks there is too much competi- on im Germany just now for their peculiar prosper. ‘Phe London Naw of the 201b of May, sayn:— The of the sailors now im the port of London an advance of wages, and unless the ‘serious inconvenience must arise from the outward bound ships. Several the sallora, each man wearing @ blue ribbon, h the streets of the city on Saturday The men (th high price of provisions clothing as a reason claiming an increased rate For shipe bound to Australia and round the for owners yield ‘The North British Daily Mail says:— The “lockout,” which, since the partial “strike” of @e workmen employed by a few firms, bas been Coe over the euginesring e ne ‘and sbipbui Decoestg an heranase reality” Judg! 4 from te ‘and unbending attitude assumed by both and men in antagonism towards each =. may weil be feared thet our trade will sustain depression. The steamship Palmyra, from New York, arrived at Qmesastown May 2 ‘Phe steamships (ity of Paris and’England, from New ‘Terk, arrived at Queenstown om the 29ib May. Phe Peray Quedec, arrived as Londonderry ea the Mm » ‘The Kangaroo, Now York, arrived at Queenstown em the 80th of May. ‘The Germania, from New York, arrived mt Southamp tem om the 3ist of Mag. ‘fhe steamship Merrimac, from New York, arrived at Beathampton on the 31s! of May. ‘The China, from Boston via Halifax, arrived at Queens) town June 1. ‘Phe stéamers Etna and Louisiana left Liverpool on the 80th for New York, calling at Queenstown. ‘The steamship New York, from New York, arrived at Bouthampion on the dist of May. ITALY. Our Florence Correspondence. Fronavon, May 25, 1866. Re Kingdom Fevcred for War—A Terrible Siruggle An Metpated— Grand National Uprising—Somes at the Marching of the Vowunisers—'Garibaids and Maly’ he First Blow to be Bruck by the United Prople—Mili- tary Fores at Their Command—The King Ready to Go to he North—Amertcan Sergeena Applying for Service, dc. Thaly ‘@ alive with war preparations, She does nut heals or falter a moment im arging forward troops to the front end im conding ample supplies and munitions of every kind to make her bold seidiers available. Every. body knows or believes that the propesed Peace Congress, whieh ts likely to take place very cosa, will result in Gothing. 1 vill ponpens : i f 3 i 5 forth to accomplish the work in all its details. I do not disgaise the consciousness that the struggle is tw bea terrible one, that Italy is to measure arms with @ powerful, well-equipped, well-officered army, under dis- advantageous circumstances; but I stillbelieve that she will succeed in her efforts, and that the croakings of her enemies will prove as false and baseless as the hearts of some of her own sone. The moet gratifying feature in the present state of af- fairs is the, universal enthusiasm deeply pervading al- most all classes, The patriotic ardor, zeal and enthusiasm of the populace through all the towns of Italy are some- thing inspiriting and. refreshing to contemplate. It re- calls to my mind the great uprising of the North in April, 1861, after the bombardment of Fort Sumter, when the people threw to the breeze from every housetop the glorious Stars and Stripes, and pledged themselves to place them victonously over every rebellious State, there to remain for evermore. Italy is to-day what the loyal North waa in 1861. The same patriotic devotion to the flag, the same deep and firm resolution to vindicate an Outraged nationality, the same self-sacrificing zeal and the same noble inspirations are to be observed here that were exhibited inthe United States in that grand and memorable national rising. The anxiety and alacrity which the young men exhibit to enroll themselves in the volunteer force for the defence of their country and the rescue of their brethren bound in Austrian chains in Venetia most glorious and gratifying phases of the situation, Not a day passes which does not exhibit im some bew light this lofty and soui-stirring patriotism and military ardor. The demonstrations bavo been so grand and exciting that the authorities have been compelled to curb the zeal of the loyal enthusiastic people and modify in a measure their almost wild mani- *festations of love for the country and their devotion to the King. But the people avail themselves of every possible opportunity to make @ patriotic demonstration, and the first notes from «band call to the streets im- mense crowds of poople of all sexes, ages and con- ditions, who sing patrious songs, cheer vociferously and row hoarse in shouting “Live the King!” “Live ‘taly!”? “On to Venetia!”’ and other popular cries. ‘All the regular troops, or nearly all, have been sent to the front, and the National Guard ig now fntrusted with the hoo 9 and care of the city, and indeed of every town and city in the kingdom. At seven in the even- ing @ smal detachment marches from its armory through the principal streets to the Pitt! palace, the residence of the King, to relieve guard at that post, and It is headed by a through the city popular demonstration. detachinent ‘are for an hour or more beforehand thronged with people awaiting the event, Starting from {te armory, eseorted by thousands of young men, many of them wearing in their yray wide-awake hats the lit red feather of the voiunteorm, walking arm and-arm, wi! afront extending entirely acrous the street, they are cheered and applauded from one end of the city to the ‘The band plays a new national song, just out, full of soul-stirring melody, and thp immense crowd take up the chorus and Vbunder out ‘Viva Iabia,” ¢ “Viva it Re.” Tho last two lines of every verse have a patriotic hit, and the style in which the masses carry on the refrain is wonderfully effective and inspiring. At owe of the chorus the crowd cheer and applaud, and the enthusiasm and excitement are wrought up to the highest posmbie In the Via Magg:0, opposite my ruom, tx one of of the National Guard. In front of this the detachment is halted, aud the glorious tri-color of Italy brought out and handed to the color guard amid the stirring music of the band, the cheers the a the wildest of applau of the Garibaldi ‘The scene is exceedingly striking and effective, The detachment again takes up Ha, liue of march, escorted as before by thousands walking in procession belore and after it, apd to the Pitti palace, where an im- mense axyem! ‘awaits It, and receives it with round after round of cheers, The ceremony of relieving guard is performed aiid music, the singing of the Garibaidian pb ye sons new bational song, called nto di Guerra,’? and other patriotic manifest with tremend- ous shouts of “Viva i Mel” “Vea iouldi 1" Viva Malia !”” "On to the front!” ko, The Se | ovcanionally appears aud bows his sue: popules of love for country and himself. The ite transit expressions crowds are always be mags fore daily increasing in size, aud the enibusiasm, if possible, grows more lively as the day’of the conilict approsches. The people seize Sasa copsttnuhy daily afforded 1o make a demon- stration. Every moru:ug tain takes to the north a hundred or two volunteers of Garibaldi’s corps, who are not yet ip uniform, bot who wear in their hats the bit of red teath and around theui » black ribbon, with the nate of Gari: baldi printed ou it in gold letters. The; oung men, between seventeen and twenty-five years of age, gene: rally short, thick set, with frank, open, determined coun- tenances, bronzed by exposure, and evidently from the country, They march with light, elastic step, aud seem overjoyed at the ovations tendered them by the immense crowds which throng the streets and cheer them on. Every detachmeat sent off is escorted by thousands of ing patriotic songs and cheering ihe Ki teat Soar te Tag the way at hone railway station thou ands are aseembied, and ous ovation ts given the brave young teliows az they star of, The enthusiaam is most intense, and there is after- wards a great rush to the enrolling oifices to join the volunteers, The enthusiasm is equally as iniense all ever Italy. Tne other day, while coming from Leghorn to Floreuce, I observed crowds of peopiw at every station to salute the volunteers im the train; and in every field aud at every house people waved their handkerchiefs or Gheered an the train sped by. [tis this intense, deep, widespread enthusiasm, from the King down, that makes war inevitable. Although Garibuldi was to have had only ten or twelve thousand volunteers according to the first design, sach bas been the wild anxiety to join his corps on she part of the young Italians thai already nearly eighty Uhousand bave been eurolied, and the offices are crowded with applicants, thousands being unable to obtain a hearing. As ap instance of the feeling here, | am told by a gen- teman, near whose house ix an @nvolling office, that at three o'clock tn the morning hundreds of peuple were assembled near by to await the opening of the vifice lave hour. Some had been there all uight; others bi come at this hour to be om hand early. Of course, the government will nov deci! especially in thie life and death «tru; than likely that a¢ least one hundred and fifty thousand volunteers will be eurolled before ti rst gan is fired, The calling out of volunteers and placing cotmmand has cemented all classes in Italy All this Liberal and republican elemont is now attached to and bas made common cause with the government. Italian unity is at loast established at home; and its the new volunteer element with the regniar army that makes im impossibie, uniers Venetia ix to lily, ‘The government mast go to war «ingle-handed, If it may be, and wke the chances, or have @ revelation at bome, That is the dilemma tt is in, although I am pretty sure it gives the King little concern, because le is quite ax much for war as the most ardent Garibaidian. Few people believe war ia more than (wo weeks off, and every one feels that Ltaly will strike the first biow, although it is now the fixed intention of the government not to take the initia- tive. Austria or Prussia i@ expected to burn the fret der, and Italy stands ready to follow it up at once. matier of who shall strike fret gives liitie trouble, as every one @ faily conscious that war must come and cares nota particle how the affray begins, only lett begin. Peace is unpopular and no louger endurable by Italy. heard that ten days from yeaterday the fight would de- gin. That is abort *nough tame, but mot too long for lialy to get well fis nan Sesay chews two hundred and fifty thousand mon in whe firet fine, which embraces Piacenza, Holocna, and other fortiQed towns ia Wat duurict. his force we being augtneuted daily. The second line embraces Flo- roam, 8 About fiity or sixty thousand men will be he! reserve. The army, scoording to the sem) official statement, wii be four hundred and fifty thousand regulars, to which mast be added the vulunveers, rasing the total t over half a million of men, well’ armed equipped, and abundantly supplied wih artillery and munitions of all kinds. mene dn on papers are not permitted to pul any military intelligence for good aad qpparent reasons As the movements in detail of troopa at present would be of vw litcle interest to the readers cf the Henate it will possible mews concerning them, Garibaldi is still at Caprera He is acting with great wisdom and caution, and has regained bis old position in the estiination of every class of the people. It # aot Likely thet be will isave bis island bome before the ‘His presence will be the mgnal of war it isfirmiy betieved. The two royal carriages are at the depot, ready to the at on Lin headquarters et Viacenza, but it is impossible to aay. As the government is drawing io ail the gold te pay the (roops and tnvet Ube extraordinary expenses for puppies foe pe phage hhh saggy sb nea ek 8 pre. y seven per cont, boven of tare suas, and are aot readily” available in email (ramsactions, ly basiness has become almost stagnant The is printing bow ten frane Bole, ‘ & measore. Quite e number who have bed epplied positions im the Italian army. The subject Tee teen laid before. the goverament aad I Gouge “set wi regret to kero Lous D. Hub- ward es chimes a tanner coe. the war 00 Major Generas that of General artis and ether prominent soldtera. wae oaght to pay thie brief but feeble tribute to bw memory. _ AUSTRIA... Our Vienna Cerresponde: * Vimwwa, May 27, 1868, Active Miliary Preparations—Movements gf Troope— General dienedek Gone to the Mield—The For'(fications @ Vienna—The Congress— Financial Condition of the Austrian Empire—National Bankrupicy and Repudia- tion— Philosophical Condition of the People—The Church Property—Row Among the Mexican Voluntesre @t Trieste—The Vienna Journals on Mr. Seward—The Hedturned Volunteers, dc. The present probability, the almost certainty that a congress, or rather « “conference,”’ will meet in Paris for the purpose of attempting to quiet the ebuilitions of the European political pot without an explosion, does not seem to have had the effect to at ali retard or diminish the immense military preparations in progress bere. On the contrary, I have seen more life and activity in this respect within the past three days than during the whole previous fortnight in Vienna, The streets are filed with infantry, in companies and squads, all armed and equip- ped and all marching towards the Northern Railway, and every hotel in town has « large number quartered in it, Yesterday @ regiment of Tyrolese sharpuhooters arrived and leave to-day for the north. General Benedek, the Qommander-in-Chief of the Northern Army, alter an interview with the Rmperor, left yesterday, a4 1s stated, for Olmutz, but in reality in all Probability for Pardubita, which lies about half way be- tween Olmuts and Prague and on the borders of Saxony. This is the centering point and headquarters of the Northern Army, between two and three hundred thou- sand of which, daily augmented by large reinforcements from Vienna, form a military line of some twenty miles long along the Saxon frontier. It is announced to-day that a second conscription is soon to be ordered through- out Austria and that no commutation will be allowed, ‘every man drawn being required to serve. The mode of commutation in Austria has heretofore been a very favor- able one for the government treasury, the commutation being required to be paid before the drawing, to relieve the party liable tothe chance of being drawn. Afur drawing no commutation is permitted, and now the whole system is, for the present, suspended. Yn Vienna all the preparations continue in progress, The hospitals are being put in order, clothing and band- ages propared, money being raised, and volunteering in progress to a considerable extent. About three thousand workmen are engaged upon the trenches which are being dug for the formation of an intrenched camp about Vienna, ‘These fortificatjons will only be upon the north or left bank of the Danube, no fear being enter. tained of an invasion from the Italian side. The ditch isto be six feet deep and four fvet wide, and the arc of a circ WHict 1¢ will form, the two ends resting upon the Danube, will be about twenty miles in extent, ‘A battle has already taken place at the fortifications of Vieuna, the workmen, who receive eighty kreutzers, or about thirty celts aihiy, having struck for higher w and fallen to and beaten those who continued working. The Viennols do not tke the idea of the fortifications, and as they have no idea thata foreign army will ever be permitted vo come aw far as this, can only conceive that in case of certain contingencies which may arise the for- tiffcations are to be used against them. . There is not the slightest faith here that the Confer- evoe will efét anything. Ausiria conseuts to and par- ticipates in it simply to save appearances and prevent it Deing said Miac ‘her refusal cipitated war, But she has nothing to gain and everything to lose by entering a conference ’n Which the qneation at waue shalt be dis- |. Prussia wants the Ducbies, and Italy wants Venetia, and if these can be assured them without a war they mould, ofcourse, much prefer it. But Austria han nothing to ask but peace and quiet, and is not, I am in- clined to think, at all disposed to bargain off Venevia on any terms, She does not, in fact, ackuowledge any *‘Ve- netian questi any more than Englaud does an “Trish,’” or Bu: a “Polish” question, and it is under- stood here that ax soon as that question in raised in the Congress Austria will sotire. That the war may be post- poned for atime by shia meeting i# possible, but from all appearances DoW it is tnevitabie may break out at ony mament. ‘ipancial condition of the Austrian ire is not one which wi! warrant a.arge war itt can be avoided. The nation m, in fact, bankrupt, and the belief ix general that, sooner or tater, it must repudi- ate, wipe out its old indebtedness and begin over again. The indebtedness on the let of March last amounted to about sixteeu hundred millions of dollars, and her bonds, upon which she pays five and eix per cent intorest, aro selling at from forty to wixty coute on the dollar, People are taxed about a¥ bigh as they can well endure, and to give you a specimen of the burdens of taxation, L may siate (hat house rents pay a taa of forty percent io the government. malt and lobacco are goverument monopoles and pay enormous amounts annually. If Avstria could have peate and reauce her army she could eanily pay her interest and reduce ber debt, for her agricultural, mineral avd manufacturing re: sources are imanense, But ap army of from jour to ix hundred thousand men, which «ne considers it nevesary tw keep, eat up the substance of the penpie like locusts, and are now feeding into them at the rate of half a mii- lion of dollars # day. To face this immense indebtedness and these evormous current expenses, Austria iat an irredeemable paper cur- rency of about 400,000,000 of Horins (a forin at par value is about fifty cents), This currency is furnished, not di- rectly by the government, bat by a “rational” bank,” which alone has the privilege of issuing bills, which pass currevt in all of the Austrian einpire except Ve Betia, where the people have always refused to acvept them, aad where it hax not been considered good policy to enforce their circulation. When (iis bank was es tablished, it was restricted tu the issue of bills below the denomination of ten florins, It soon found, however, owing to the constant calls made upon it by the govern- ment, that it could wot redeem its bills in silver, aad was obliged to iasue bills of one and five orins for “urrency This the goverument winked jt, and after the liaian war the bank stopped specie payments aliogether. The ages ou its bills then kept varying from five to torty, and three months ago, with the prospect of peace and the Feanmption of apecie paym pext year, it fell to two per cent, and the nution was covgratulaing itself upon the retin to a camparatively hvalthy condition of the Currency, when the present grand preparations for war began and the ogie commenced rising, until three days ago it stood wt thirty, Day before yesterday, under the pressure of the Congress news, it Went down to twenty- tour, and yesterday rose to twenty-aix. The only apecie in circulation are the dirty Little pieces of silver and cope of ten, and the copper pleces of one Kreutzer (about half a cent), Some four years sinoe,as even this devaved coin was being hoarded aud sent out of the country, the government, wo supply the demand for change (although it had in lta charter to the national bank relinquished the privilege of ever iesuing paper money), pul upou the country soveral millions in notes of teu kreutzers (about four cents), and (hese und copper pieves of vue kreutzer are now the common ‘small change’ of Austria, These notes are irredeemabie, and are issued from the “mint,” and are by a fiction conaid- ered by the goverment as “money,” and not as @ “‘promniae to pay.’ ‘But Lue greatent dodge that a government ever adopt ed to “rane the wind,” and which shows the desperate condition of the Austrian finances, and the reckless means wo which the government is willing to resort to eke out its fuaneial existence, was adopted about a month since. The tasue of one and five florin notes by the national bank, although, as 1 have stated, winked at by he yovernment, was, to all intents and 3 purposes, an illegal one, in violation of the spirit if pot the letier of the charter. A month since the government, Ww relieve the im this matter, ‘adopted’? all bank of responsibilit; the one and five forte aotes in circulation, amount og to one bondred and fifty millions of florins, releasing the bank from any obligation to ever redeem them. The government, in fact, assumes this amount ttseif as much ase bankrupt government can assume a new indebted. ness Cpon the great principle of “compensation,” however, the government ea & hundred and fifty millions by this operation, requiring the bank to hand over to it thie amount In the ten florin and other notes for which the bank i# responsible, avd to redeem which itm said to Lave about two hundred millions of asset in its vaulia, The next “dodge,” it is supposed, will be, in case of war, to seize these, and then the currency will become utterly valueless. The people hore take the Onancial condition of affairs very philosophwaliy, and the prices of ordinary articles of convumptwoo do not rise with thw ayio upon gold. Clothing and food and hotel! bills are po bigher now than when gold was at two per cent premium, the people have got much faith im the government's edility to pay; but there seems to bes sort of in- difference aude feeling that things are so bad sow that they cannot be much worse, and that |t does not make mech difference if they are. They are accustomed to figancial Decgary and bankruptcy, and take ites easily an cole do—which are "used to being sainned.'” Austria bas but one available means of paying off her indebtedness and getting her finauce into « reasy condition, The amount of property held by the church is more than dowbie that of the national debt, and the nation would be gind to see it confiscated for (be parpose of paying it. This property is pri it ii if : . i ih fi fl i 3 t a i | manifest a little feeling of wounded pride, and imiimate ir. "Seward's plain, hiforward, definite de- mands upon Austria do not bit @ great degree of all Europe against her, and Mr. Seward takes this mo- ment © make demands upon her which he dare not make upon Franee, Is that 80, Mr. Secretary of State? 2 veal of the senses oe Fyn Mexican aro now im Vienna, come up ‘Trieste within the past few daya, They sult weer their uniform, which consists of w linen blouse, buttoning fie die. Turviah tes, “tppronratl Ganenied Wak a a with @ tingle goose’s feather” half of he dyed red. I had 8 conversation with one of these men yesterday, and Le told me that he thought bis case that of many of his fellow soldiers a very hard one. He had sold out his Nittle patch of land in out @ home. He informed me that three hundred and fifty-six of the late volunteer had arrived in Vienna and were now quartered in a govern- ment building, They receive from the time of their en- listment til] they are sent to their hemes, which is done at government expense, the sum of eloven kieutzers, or about four cents, a day. About fifty or the original number have volunteered in acorps of sharpshooters in Grata, about two hundred have entered the Aostrian , and the remainder have returned to their homes. the three bundred and dfty-six here, the nationali- ties are as follows :—Austrians, 202; Prussians, 19; Bava- riang, 14; Saxons, Rasians, 2; Englixh, 1; Meck- Jenburg, 5; Holstein, 9; Poles, 76 Twenty or thirty were left sick in Trivste, ‘It seema that the Captain of the Tampico has played a good practical joke upon Maximilian, He claimed « million of florias ‘or the transportation of the troops and stores which he had on bourd. The Austrian govern- ment refer him to Maximilian, and he has now gone to Rt, Nazaire with about seven hundred thousand florins worth of stores and goods of various descriptions, which were on board intended for the Empire and its head, The lose of the men and the goods and chattels will be @severe one & Maximilian, who, it is generally thought here, will ere long be back in his beautiful chateau on the Adriatic, i SPAIN. Our Madrid Correspondence. Mapuip, May 22, 1866, Public Opinion of the Bombardment of Valparsiso—The Ciy Press for the Most Part Silent— Waking to an Un- pleasant Reality—Likely to He'd the Chinchas—The I’o- liticak Situation Dangerows—Finances and Trade— Movements of the United States Squadron, de. The preas and the people have now had a week or more to reflect upon the character of the last intelli gence from the Pacilic, and they remain silent. some of the papers have published long leading articles on the bombardment and one or two of them have claimed a great deal of glory for the Spanish arms. One of them, at the close of an article, more in the nature of a de- fence for the wanton act of bombarding an unarmed city than anything else, assures its readers that “ihe glorious flag of Spain has been covered by glory.” The others merely express satisfaction at the chastisement administered} by Admiral Nufez to the Chileans, but allude to the subject in the most gingerly and meagre style. They give more space to a description of a bull fight than they do to an act of barbarity which will forever disgrace Spanish arma. Tho universal repro- bation of the civilized world for the monstrous act has bdned their vaivglorions spirit, and they now feel the less said abort it the better. Tho a do not like to talk aboot it, which shows that they either feel — of the act or fear the results which it ts likely to entail, I take the latter reason to be the true one of their nilence, because, with few exceptions, they are lost to all sense of true honor, as they have long #ince been lost to all feelings of jason and decency. They become ter- ribly enraged ii a foreigner ventures to ask their opinion of the operations of their fleet in Valparaiso bay and abuse everybody in the roundest terms. They will not listen @ moment to any suggestion that Spain has mado axfeat mistake in bombarding ‘8.com mercial city, that whe bas by the act lost the sympathies of the civilized world, and that finally whe will have to L-4 beavy bilis a iT sustained by ecutral forviguer the the act aod ieee te oc pec fel ed re opinion oa the subject. Seusible Spaniards are not slow to aay that the bombardment was wrong and au outrage, and they express serious apprehensions of the tinal results. Vafortunately for Spain this class is very smal! and is not to be tutrusted with power. The Spaniard of Cer- vantes ts the Spauiard of twday. There is no change. The same Quixotic and absurd ideas control them. They live tn the past and believe. ail other nations weak, ignorant and worthless, Such infatuation, based on conceit, pride, ignorance and barbarity, can pever bo eradicated’ or removed. It is inberent in the Spanish nature and is cultivated with an assiduity troly marvel. lous. The government fully approves of the barbarous act of its admiral im the Pacific, and is preparing now for ap great & war in that portion of the world as \t can wage and take care of its interests at home, It was stu- pid enongh to believe that the bombardment of a com meretal city and the destroction of a vast amount of property would thoroughly frighten and dishearten the ceuth American republica, which would, craven. like, at once sue for peace, and gain it even by paying @ great sum of money, the very thing that the war was begun for by Spain, They begin to realize dimly the fact that they have been mistaken; that the South Americans are not the cowards they took them to be, and that they are now likely to have. a great war, for them, on their bands. [ kpow that the government im determined to carry on a war new in the Pacifie {f the republics do not sue Tor peace. They hoped to be able to withdraw the squadron, a& they contemplated when they seut the orders to bombard Valparaiso, as I wrote you a long ume ; bat now, I believe, if Admiral Nufes hax not already left the Pacific, he will be instructed to re- main and Carry on active hostilities, The seizure of the Chincha Isands gratifies Spain. She will make money out of them, and that is next to vblaining revenge. I think she will hold ou t thone rich deposits and reap such advan. tages a she may from jbeir almost tmexbausti- die supplins But affairs are so decidedly mixed and confused here, the foture is so une 7 aud tho prospects of becoming embroiled in the great impending contest through her efforts to maintain the imperial authority of the Pope so threatening, that no one knows what policy Spain willadopt. The minstry are to aware the Cortes ina day of two that if the South American repablies stil wish for war Spain will accommodate them, But a policy of the kind ix likely to be changed at any moment. If, ander the light of resent alaire, Mr Seward will withdraw some of his indly generalities and say boldly what most be done, pain will adopt bis views; but if he continues wo eve her w Undervtand that’ she has the sy 7 And mora! support of the United Statex, Spain will con- tine to pureae her rapacious, shame lees course, It Hee with our government to say the word. Will it be said? Volitiral affairs are much in the same sate as when I wrote you last. The same amount of crimination ang reerimination, of vitaperation, abuse and calling names, characterize the high toned Spanish press. They are the poorest specimens of new I bave yet neon. ‘The great question now ia, shall O' Denne! be dictator papers say bo, but the Cortes will probably vote im favor of bis bill iD Mpite of outmide peees. Te army will then be increased, the navy en! money bor- rowed, bat who from 1 hive oot sliehteet bets spain will thee be in & condition to be made a catepaw by Napoleon, who will baci out the Papal chestaut the tire and feave Spain to encounter Italy in the Staies Such other bad fixes as the stupidity of rolere may oe able to pat ber im she will go into fret Nothing seems wo unwise for her to wu nowaday®, ‘The commercial panic and collapse in London caused serious troubie in Catalonia Several large in Barcelona have failed, and the banks, after a rin, were compelled to clove. madrid and the future Business ie languid io dark and gloomy The weather is now fine and becom ing In another week but ome vensel of the 0 equadron will remain im the Mediterranean, the Fepsiring the bearings to her propetier, in report of the breaking of her propeller shaft true, New bearings most be put in to tnd worn out onsen’, The Ticouderoge aalled a én since from Tovlos for Lisbon, to which point bad preerded her, carrying Kear Admiral Goidsborough and sta The ba has also r where (he squadron will be reunited im a few days ‘will sail far Southampton very soon, themes they go the north All well on FRANCE. bits ir oat HE j 28? ih ; HS Correspondenee, Pani, May 29, 1008. Brilliant Scena as the Longchamp: Course—lace for Ae etireat Pre ff Parie—An English Hore the Winner — World Out and How t was Made Up—Napolum, Rugenie and tha Prince Impertal— Sensations in (he Orvmimad Courte—“Amarican Brautia ond How Thy are Spots. ot—The Omgrena, de. Toe rece om the Longehampe course on Sunday for the great Paris prize was and you ie an affeir of more im portance im the eyes of the “upper ton’ or rather the apper hamdred thousands ef Pare than ali the polities fe the world = Ragieed hes again resevered her sseent Prestige on the Premeh ter? Coy ion, om Bagiicd bore belveging to ihe Dade of Beaufort, wom the 100,000f. priso, besides a splendia | silver vase given by the Emperor and worth at least 10,0000, ‘The second horse was{Mr. Merry’s, the Primate, and the third, Count Batbyany’s Mazeppa; both English horses, ‘The best French horse in the race, Auguste, belonging to Count Lagrange, the owner of the famous Gladiateur, only came in as a bad fourth; ¢o that this year the Eng- Jish stables had it il their own way. I believe I pro- dicted that Ceylon would win; but if I said the English had never yet won the great Paris prize I was mistaken, Is was gained in 1863, the year of its foundation, by an English horse, Mr. Savile’s Ranger, In 1864 Mr. Dela- marre’s Vermont, an “‘outsider’’ scarcely in the betting Nhat, beat both Blair Athol, the winner of the Derby, and Fille de I’Air, the winner of the Oaks, Thin victory set the Freneh delirious with joy,*and raised their stables at once to the pinnacle of racing fame, It is true that Ver- mont was of Englith blood, trained by an English trainer and ridden by an English jockey. He was born on French soil, fed on Freneb grass, hay aud oats, and belonged to ® French owner; and these facts gave the French a far better excuse for bowsting that they had beaten the English in ome of their great national ports, than did the cricket match won by the Paris Club about the same time, and equally boasted of by the Paria press, the editors of which do not know a bat from a ball and were igvorant that all the members of the Paris Cricket Club, without exception, are Englishmen, In 1865 the now fumoun Gladiateur won the prize, beating the Derby winner of thd year, Lord Clifden. It stood, therefore, on Sunday morning last that the Eng- lish bad won the great prize once and the French twice. 1t was well known at the Paris Jockey Club that the English horses this year were the best, but the mass of the French public went to the course with the idea that French horses could not possibly be beaten, and were terribly disappointed with the result, In the weighing ground when the horses were led round Ceylon was observed to walk a little lame, and a good many bets were made against him in conseqnence. ‘Whe fact is he had braised one of bis hocks in the steam- er while crossing over from Folkestone and several peo- ple had advised the Duke of Beaufort not to let him Tun, but tho latter was so confident in his horse and especially in his wind that he resolved to start him at all hazards, The French say, even now, that if Auguste, who kept the lead for a good while, had not shied wien. within a hundred yards of the winning post, be might perbaps have won. 1 suspect, however, he shied be- cause he was sick of his work. They say the jockey club has lost as much as thirty thousand dollars by the mere fact of Auguste coming in fourth instead of third. It fw a terrible blow to the French, not only to have lost the prize, but that no French horse ahouid bave been so much as placed. ‘The Duke of Beanfort neta as much as £10,000 xterling by the prize and entries alone, to say nothing oF his bets, which are believed w be very con- derablo. ‘ he objet d'art given by the Emperor, whic! ing language, is called a cup, in in reality a vace of size, It is Abaped something like the Warwick vase and made of git and oxydived silver. The girth ix orna mented with a hunting scene in ulto relieve, and two stags, one flying and the other at bay, form the handles, In the centre is an excutcheon bordered with oak branches, on which is Paris, 1866, given by the Emperor.” The vase was executed by the Emperor's goldsmith, The Empe- who inspected the vase when it was plac on @ pedestal in the front of his tribune, just before the great race came off, publicly expreeved hin admiration of it. No doubt some who read this will nee the vase beng thoy hence carefully preserved aa au beirioom at ike of Reaufort’s splendid country house at Bad mington, pear Bath. ‘The weather, which hae been extremely untoward almost all the month, cleared up delightfully for tne races, From an early hour the aristocracy and hour- ee of Parts pied through the alleys of the Boir de ologne, which is at this season greenest aud most at- tractive: There was every variety of vebicle, from the drag to the hackney carriage, Chariots and four, tan- demas, phastons, and the new fashioned carrages, nade to show off the bonnets and shoulders of ladies, rolled rapidly on. Foot passengers hardly more humer- un than those who drove in brilliant equipages. 1 saw vary low jower of Yaris ww aud care Sa ile about racing, and a» rule they dislike comparing thelr course with the jodeseritable luxury of the higher classes A Prench gen or po justly remarked to me that ft i# only on the road to Kpsom you see the principle of equality fully carried out. Lovuld uot help observing on Sunday that the few workmen whom I saw going to the races seemed ebapfaiien and as if cowed by the luxury around them, There was bo inclination fora “terk” in warter, Fun was never droamt df, for thore in no jollity in @ respectable Freneh crowd, ’ In- trigue and display were what both meu sod women sought, and of that (here was plenty. The whole of the road w Lonashemnpa cqonened & scene puluted fora theatre; and there could be no prettier deow than the racing ground, with its chalets, old windmill lower, rus tie bridges, artificial rivulets and the cascades and wood j@ front, and the bilis of St. Cloud and suresnes fore back ae In the reserved ground about the grand stand and the Imperial trivune was collected that curious mixture called the fashionable world at Paria, Mre. B., « eto. TloGs divorcee, now, as before ber marriage, an undvubted member of the demimonde, formed the centre of 8 group of distinggished brief celebrities, politicians and I know not whit else, many of whom were Kuglish and Jn all probability ropresented Lords and Commons. ‘This lady, whose gorgeous diew was worth at least five hundred dollars, aud wore on her bead several poonds of dyed red hair, wax got ap by the eae milliner, dress maker and coifieur a the greatest ladies, such as the Princess Metteraich and Princess de Chimay, and talked to the genuemen they talked to. [heard ber boast w Count Hathyany that #he bad won seventy-five thournnd fraucs in one bet, but 1 afterwards heard it was not trae, and that ft is her babit to talk in that way. Shortly afterwards, bor presence having exciled atiention, it was intimated to her that abe mast retire from the weighing ground, to which it is against the rile for the demi-monde Ww be admi'ied, and she therenpon went acromn the cuurse to her carriage, where, like many Other Celebrities of the ¢ tad hampers of champagne aud ealabies (0 distribute We etmeroas ad. mirer, The great Jew financiers Rothe bild and Pereire, who who 0 not speak, were elbuwing each other under the Kany 8 balcony, aud sear them Leaw the young red hawed Duke of Hamiiton, Baron liauwmann, ibe fine of Persixny, M. Fuuld, aud « host of great functiouares of the empire. The indie’ dremses—I am sow speaking of the fral Grand mnde-—were semehing dassling. bere was no Inedium between «Lott pettovats not reach!ag below the calf and trans acouple of yards looe. A lady who trailed 4 hundred pounds worth of silk and Ince along (he Gravel was Ly bu Means singular But One horses were rarer than I have evr seen them At Longchatmps The three first placed were incompar ably superiot (0 all the others, but none of them were anything like so beautiul ae Hille de i'Alr, Wiait Athol end Lord Childen. Tvever saw (he Emperor looking better, He seemed Unusually Joyous aud aflabie, bul perhaps (he reason was that he bad sitting by Lis side an imperial guest—the Graud Duchess Mane of Russa—and no man Knows bev ler than Napoleua LiL bow to pay attention Wa distin uated vis-tor. Tue Empress ie lene well looking (han she wae She shows ber thirty-nine years, growing pully about ihe eyes and ber checks now fall like @ doable chin. ‘The Prince Linperial was also in the Imperial bor He wax eccompanied by Gye boys & hie own age, sms of Dr, Conneas, Geweral Fleury and the late General Kap: nawe These lade all appeared to be ou the closest terme of Intimacy with hit aud in bo way overawed by the Ubetnows company about them. They ail siraddied ere stone baluairede yet op end down stalre fred about io the saad wade themselves aa dirty engraved * nd prize of Marie, who, by the way, wan brought (rom the rend Hotel by the Kupress in person, was aorompanied to Langeheampa by ber two daug liters the Princes Kugenle of Leuehtenberg aod the young eunlem ae Bow ia ber tents your; for he a | PRICE FOUR CENTS. notice of nice yang American girls who were utterly spoiled by the pufls Tead of themselves in the Gasstle 4 Ktrangert, Which they were not sufficiently learned in Europeap’ ways to perceive w nything but re speetiul, The annual funeral service in honor of the Empresa Josephine, who died May 29, 1814, was colebrat morning at the Chure uiel, bear Malin | Was on Chis date that Louis Napoleon made bis tira ap- Pearauce in public ax a chief mourner ab his graud- mother 4 funeral © fresi news worth mentioning a to peace or war. The following from the Prop ecmny on ht preanen diiler- @UL Views:—There is no doubt that to war man bow in Frauce ai tracted attention in high places however, that th feller, Be A more easily found, ore than yesterday can be seen the compensation which might be offered to Austria in exchange for Venetia, the cession of whieh is the base of any practical arrangemer which Austria will uot certainly gi @ territorial equivalent, but if the al horror inspired by the monstrous butchery with which Europe was apd remains still 1: Dak caused an appe a sort of ie arbitration of he Europ aa Por gr much more will the idea stimulate the diplomat carry their task to a successful iesue when th that their separation will give Wie igual for in which nearly three millions of soldiers, wet un foot at afl points of Europe, might eventually wke park It te m this sentiment, T repeat, even moro than in the chances, to-day almost ulusory, of wn understands that the motives must be sought to reaeure uso ite To impose a trace upon a struggle which w ray on the eve, but at the very instant of is the greatest triumph that for many years, periaps, the rectitude of public spirit has obtained in Ue civ nized world, Will it permit itself to be conquered now? Facts say yer; the general conicience, no, Let us bope thet the latter may not be intataken, THE GERMAN QUESTION. World Exetted, Undeotded, and in a Dangerous Crisis. THE CONOKESA. The Hibernian (June 1) reporta:—Telegrams from various points confirm the statements that Austria, Vromia and Maly have accepted the invitation to the Conference. A committee of the Federal Died has also resolved to accept the invitation given the German Confederation te the Conference, and would probably elect Baron Vou Der Pfordten, the ‘Bavarian Miuister for Foreign Affaire, a@ their representative Communications were belng interchanged for arrang- fog a day for the first meeting. It iw slated that the different Mintsters of Foreign af. fairs would reprosent their roxpectty governinents From Vienna, however, it # stated (hat Austria would not be represented by Count MenadorT, bor by Prince Metternich, Count Blume or Baron Mey“euberg. Various conflicting statements were made a to the programme for the Conference and the terms of accept anos of the armed Powers. It is agvortod that Austria categorically refusos all propositions relative to the ceesion of Venetia, that she calis for the convooation of the Estates of ihe Duchies to nettle the Schioewig-Holstein question, and demande that the Congress aball not be coinpetent to dscum aay proposal for reform of the federas coustit Vrunsia ix also said to demand, that the Conference nhall not discues questions relating exclunvely to the internal interests of Gerivany, aud Liat ite deliberatove shall speedily prove that a real prospect exists for the Preservation of ‘ The note of the French government tnviting the Federal Diet to sond a representative to the Conference ba pablistied st Brasktort. 18 states. thy Selanis of Se Conference to be a diplomatic settlement of the questions: Of Kchleswig-Holsteia and Venetia, and also of foderal reform so far as it aflecta European equilibrium, The note concludes as follows —'The government of the Emperor trusts that the powers who have made preparations for war wiil, if they accept the Conference, suspend their srmaments even if they should The O1 seruple to restore their military establishinent 0 a peace footing," yoR wan. There is no indication of » relaxation In warlike preparations, A Vieuns deepateh of the 20th May say#:—Prepare- tions for war contimne in all parts of the empire; bat the execution of the late decree for @ lovy of freak troops will not be proceeded with at present, the re- quirement baving already been fully met by the recent large «nroliment af valunteers, Many thousands of men are already engaged on the fortifications of Vienna. The army headquarters were abont to be transferred to Prague, where Field Marshal Henedek will shortly im- spect the truope. Jt is reported that « #t Prussian of observa- tion was being concent on the froutler of russia, bear Silesia and Galicia. ‘A telegram from Kiel reports an affair between Austrian and Prussian | cathe occurred. An ofc inquiry had been A Vraxeian patrol bad endeavored ( inspect the Aus. trian troupe om the frontier near Nachod A decree had been iasued at Florence for the formation of twenty additional battalions of volunteers, two bet- talions of bersegiieri, and a squadron of guides It be stated that communications received in Landom om the Suth of May arsert that Garibaldi was mill oo bie sland of Ceprera and bad no immediate intention of leaving it. ‘The Austrian governmes ad ordered & forced loan of twelve mliions of furins in Lombardo. Venetia, It iw asserted in the Heriln Journals thas Austria wan im treaty with a Polih leader, who distinguished himself im the Voliah insurrection, with the view of placipg ulm ob the bead of « revoiuti n in Prumlan Poland, THE Latest. Levenroo, Jane 1, 1868. Affuirs are unchanged 1 of Use Conference bas not been # of Say raya: —Prowla, im “ = Confereuce, aceeies to preneed \p the letter uf invitation, that the ore khenuld not make luriber miliary move during ite deliberations Great Britain. The Hones of Commons bad debated Mr Clonee! bin conferring Use elective frauchise on any permvn of O education. Mr. Gladstone oppored it on (he ground that an edoce tional test would break down, although he eduiiiied that the bill was good im prine ple A peneral debate rind, without action ‘The Britieh trade revorns for April show the value of the exports to be over tree and 8 quarter millioas war ling in exorse of April of lam year é; 4 THR MONEY Panic. \nancial aT air conti nue to eth bit a steady progress in recovery, and © gradual return of cratdeota "The pressure for discount at the Hank wae diminiabing, ab though Wt was still exiremely large and the rete remained At ten per cent The rumors of assistance from the Rank of Francs, With ite Itomense aceomids ou of apecie, lo the Bank ob Engiand, were wot authen The Loudon Times eae fuck a sep in the bright of |b riaie might have proved bepedicial, but it ty pow wane evary The funds and srourties peurrs firianees aod prices bad advanced ail roved HL J, Guthover & Bon, of Loudon. principally engaged \n the metal trade, hed. sspensed., tiabisbes early £300,000, sanets believed to be ample. Katierthweile'® Circular of the evening of the 3h of May says Ui market for American securities daring the past week has developed extensive males of both govern ment stork aed railway shares oo English sa well Continental econ gt, DUC Lie hae been more than met rerpert to Mew York, every mail om <t i Pr . ree on the 000h was very frm Rentes of. 64 ae + fireworks in « factory at Aubie klied ifed Ofieen perwma Tarkey. Three Turkinh war vessels hed arrived et te pad be const of Albans againat auy odéen landing of laine yolupieers Commeretal Intett THR LOWDON mown Comacia chaned at WIN 0 ATK sales bre iwention O46 0 COX, Rive shares lilusirious Indy made two love matchea Her fret bus band was son of Eugene Beaubaroals, an officer in the Kmperor Nicholas Geard; and ber seound had bens in het own service, ih the Capacity of equerry ia wall ng. The Priscem Komax)- Norma foo beck for (be races, from some temporary piace of Urement She was st the sand house the obeorved of Ai) cleervers, owing toe lomg tran of delice Untied Lise wilt, bordered with tra rome, whiel she traded atver ber! Har parasol wes alee of lilac, with tee Borat adornments aad lie boots of Whe emme eta, wih © lee rose on each inetep. The records of the Amin courte (his semton are wail seasoned with sensational crimes In the Nievte @ eo man bas been convicwd of Damoning bve-t ber cuiiren, mae aller (he other, when (he lockiew: inporrnts were dl om the bream §=They were of convulsions, © very (requen souree " At omny ae seven intents of a8 HA i wut of the world by the same malady @itbe@! erciiing any Conder Khe erat polareed her husband, then ber parmmowr, them ber grandetud aod ber om naw «Her guilt wae clearly estab lehed, for four of the victiine’ Corpane were, 0 Vo #peax, embalined with the quantity & arenk sdminatered And sue is the names of Fremeh juries to coptial po nishment thet the mousier gat the benekt of exteou- ing C1 ume COe lee at Mra f Umnted 464 4%, lines Cootral THe The bellioo .e (ue tank bee inereeaed £2) 000, Retierthwalee cieewiar, daied Wednesday srscine. (May 30), sare since out laat we note ae \mprovemen oo hvetwention of \wo per fant, the lnm sraavone being jy 067. Lilinwls wed Kine are alee 205 per cons hogher, Cloming at THiy «THN for the former, and d6y « ig (or the batter THE LIVERPOOL COTTON waneer. Lavenrom., Jane 1, 1804 The brokers’ cireular reports Ube ealee of the week ob 04080 Wales, \ochoding 12,000 speculators, and 6 te eapertere «The market bas been boopant, and proeae are id & 14 higher for American, an higher for other descriptions, The sther toms are. — Fair Orieane 1644 midleg Orirame 144, fair Motil 1844, muddling Movie iog4, for wptande Tiga (he oniee Wo day (Prin > vale incinting 2,000 vo npecuialors and exporiers, (he mo areet Somme Bre at the sdvance, The sloth in port «cummed 0 776,000 balee, of which 0,08 are Amerrar LIVERTOOL naRADErC Tre Dull, and prices easier Livearoo. re Dell end ancnenget Livaaroot PRove acer sneer shes. sales 06 De for pte Bager quiet on pt. ‘eave earaive Bee “ys weedy foo qin ip ee nendy Pore. + vehnes Ia. bide Be joum meeure, 1