The Northern Daily Times.
Liverpool, Merseyside, England, 1856-12-24 00:00:00

STATE OF NAPLES.

NAPLES, Die. 18.
Tne King is still at Naples, and will remain much
longer than usual ; this is a wise step. Ho has been
much pleased with the expression of popular sym-
pathy, such as it has been. On the day before
yesterday his Majesty went to the cathedral church
of St. Gennarro, to offer up his thanksgiving for
his deliverance. Many of the balconies en route
were closed, and' few people were present. That
which has made a strong impression on me is, that
at no time during the last week has a cry been
raised in the street whin the King appeared, or
any other indication of public sympathy offered
than the simple raising of the hat. As to the fact
that thousands had gone to the palace, little
importance is to bo attached to it in a country
where every one is noted and known. Again have
arrests commenced, arid a new era of suspicion has
opened with the attempt which has just failed, and
so Neapolitan affairs go round in an everlasting
circle—oppression, crime, and then oppression and
crime again. Let all good men unite in the con
detonation of crime, but let them make themselves

r masters of the circumstances which lead to it, and
condemn them too.
You will have already received a notice of the
alteration in the price of silver. I send you a
report of the results to which it will give rise. No
silver will be introduced into the country through
its influence ; • and so fully persuaded are all com-
mercial men of this, that the decree is looked upon
as only the beginning of a gradual return to the
ancient state of things. Government has been
extracting the golden egg for the last year or two ;
it will have to pay for its folly.

Silver per lb. of 100 oz.—D. 13.24 i.
Intrinsic value of $l2 issued at 120 grains.—D. 1.13 1.16.
Profit per cent. on the coinage-563.100 per cent.
Value of 51. piece—D. 1.1(1 73-100.
Par of exchange in London, 25f. to the ..e sterling-
-553 60-100.
Par of exchange on Paris-22.15.

In a formerletter I spoke of an offer which had
, been made by the Argentina Republic to this Go-
, vernment to take off a number of political pri.
soners. It was to be left to their own free will, not
to be a forced jtransportatiou I now understand.
The pr ipositions have since been reduced to the
form of a treaty, the principal provisions of which
are, that this Government is to pay t'ae expenses
of their voyage to South America, that the Ar-
gentine Republic is to guarantee 250 piastres to
every emigrant for the first year, with land and
stock, and that, the treaty is to remain in force for
three years. The Neapolitan Government wishes
to substitute " transported " for the term " emi-
grant," and to keep open the .treaty for four years
—modifications which M. Buschenthal refuses to
comply with. These are, however, difficulties
that will no doubt be overcome, as M. Buschen-
thal speaks of leaving Naples on Saturday. I
have only to to add that the 250 piastres advanced
to each emigrant are to be repaid in five years.
Yesterday, about mid-day, the entire city was
alarmed by a most awful concussion and report.
It resembled the united noise of 50 cannon. The
alarm created was universal, and people fled on foot
and i❑ carriages in all directions,for it was believed
to be the signal of another revolution. On in-
quiring into the cause, it was aseettained that it
arose from the explosion of the powder magazine
at the end of the new Mole, at the extremity of the
Arsenal. It was said that 80 cantari (a cantaro
is equal to 100 rotolo, the rotolo being 33 oz.) were
deposited there. It appears that the Sinnita, a
government vessel, brought up more powder yester
day from Messina,which was to have been consigned
there immediately. However, on the officer putting
the key into the lock of the door of the magazine
the explosion took Mace. A great part of the new
brae ttions in that direction have been com•
pletely destroyed ; two Government steamers have
been damaged ; one or two Custom house vessels
have disappeared ; people walking in the neigh-
bourhood were thrown down by the shock, or by
the debris, which fell like a shower at a great dis
tance. In this way some were killed or had their
limbs broken. The loss of life it is difficult to
estimate at present, some putting it down at from
15 to 20, ' The damage which has been done to the
Government works is estitnated at 500,000 ducats,
while an architect, well acquainted w,th the city,
calculates the number of windows broken at 60,000.
Every house has suffered; in many places, as in
the Royal Palace, entire windows being blown in,
and the ground was literally powdered with glass