Northern Times.
Liverpool, Merseyside, England, 1859-02-24 00:00:00

SECOND EDITION.

NORTHERN Tritßs OFFICE, THURSDAY, 9 A.M

POLITICAL CRISIS.-LORD COWLEY'S

MISSION.
The symptoms are increasing of the intensity of the
crisis, throughout which the affairs of Europe are
Passing.
The Times does not doubt that Lord Cowley is sent to
Vienna solemnly to inform the Emperor that we have
'exhausted every expedient in our power to induce the
Emperor of the French to lay aside the wild schemes of
aggression and conquest in Northern Italy, for which he
has brooded till he appears no longer able to defer their
'execution. Lord Cowley will no doubt point out to
Austria that she has nothing further to hope from any
elange of purpose on the part of the Emperor of the French .
'xis pamphlet and his speech may, it is to be feared, be
considered as his ultimatum ; and he is now awaiting,
surrounded with warlike preparations, the answer of the
Power to which he has so pointedly appealed. The Times
does not doubt the commission of Lord Cowley is to
endeavour to make that answer as favourable as pos-
sible; so as to leave France as much without excuse
before the tribunal of conscience as before that of inter-
national law, for any military aggression, she may
commit.

The Morning Star says the impression gained ground
in the city, on Wednesday, that means have been found
to extricate the French Emperor from the embarrassment
of a perilous situation.

COMMERCIAL.
The Stock Markets to-day were excited, increased
sensitiveness being shewn to pacific rumours. On the
announcement of Lord Cowley's mission to Vienna. Con-
sols at once sprung 1 r cent., and an immediate
advance took place in nearly every other department of
the Stock Exchange. The English Funds left off 1 per
cent, better than yesterday. The improvement in the
Share Markets was likewise well supported. Many of
the moneyed establishments are compelled to refuse to
take in fresh loans at present. The Discount Department
of the Bank was idle. There were no gold operations at
the Bank to-day. At Paris, to-day, the French Three
Per Cents. show a rise of to 7,- per cent. The fall in
'the Austrian Funds on the4Continent is excessive. At
Vienna, yesterday, the reduction represented 11 per cent.,
at Frankfort still more, and at Amsterdam 1 per cent._
-.Daily News City Article, Wednesday Evening.
The improved tone of yesterday afternoon was main-
tained at the opening. The announcement of Lord
'Cowley being about to visit Vienna, to offer, it is
Presumed with the implied approval of the French
Court, the good offices of the English Government on
the Italian question ; another advance of a quarter per
cent. on the least prospect of adjustment. The rise
mould, of course, be very rapid with the present scarcity
of stock and abundance of money, but for the fact that
the French army and navy, if disappointed of employment
in one quarter, may be expected to look for it in
another. Any settlement that is not accompanied by
some positive undertaking for a reduction of armaments,
would therefore be viewed as a very uncertain good.—
'Times City Article, Wednesday Evening.
RUSSIAN LOAN.—The Commercial Gazette of Berlin
states that it has good authority for believing that the
Russian Government are negotiating a loan of £5 000 000
with Messrs. Rothschild.
RAILWAY TRAFFIC RETURNS.—The Great Northern,
this week, shows an increase of £1,060. The Great
Western, an increase of £1,707. The London and
South Western, an increase of £5OB.
The Friar Tuck has arrived from China, with 800,000
'lbs. of tea.

Earl Cowley had an audience of Her Majesty on Wed-
nesday.

The Morning AS7nr appears to be in some fear lest Lord
Palmerston's speech to-morrow (Friday), on the excite-
tient of foreicrn crisis, may have the effect of retarding
the Reform Bill.
At Rte. Majesty's levee, on Wednesday, the honour of
knighthood was conferred upon Mr. Armstrong, the
inventor of-the new rifle gun, who is further described as
Engineer to the War Department for rifled ordnance.
The Times remarks that this appointment is a very sig-
nificant fact.
Co special meeting of the central Parliamentary Reform
emittee was held on Wednesday, at Fendall's Hotel.
siiol.l;lBPondence was received from, the great towns,
pron. -lig that reformers were in a state of preparation to
pubiZunee on the Government bill, so soon as it is made

at Tif- ATLANTIC TELEGRAPH.—The Times states that,
Wanleetin. of the Atlantic Telegraph Company, on
meeting
ednesday,night Hon. J. Stuart Wortley, M.P.,
chairman, stated, that within the last hour ke had
received intelligence of the success of the negociations with the Government, and that a guarantee of 8 per cent.
11 4600,000 for twenty-five years. The guarantee will
_
x
e°o tt
bb eeeunnaeoefinitittioinafil, and the precise stipulations have

FOREIGN INTELLIGENCE.

FRANCE.
We have received the following telegram from
"r Paris correspondent : _

"PARIS, Wednesday, Feb. 23, 9 a.m.
vi" It is reported that Lord Cowley goes to
ce.1,1.1a on a special mission."—The Times ( Second
--tcton).
e_PARis, Tuesday Evening.—The very remarkable
:,nlunication from Paris in the Independence
eln Bige of yesterday, has damped the few hopes
It Peace that linger about the Bourse here.
hWould appear that it 'was at the rustica-
uof Compeign Forest, when nothing but
„"ng by torchlight was supposed to be upper-
Zest, that the orders were first issued for warlike
eParation, and the Ist of March was given as
eu.e'tinie when all would be ready. The speech
,t.n.the first of January was not a sudden ebulli-
tt'n in the Imperial mind, but the slight puff from
e valve showing that the steam has been getting
sP for some previous period. Next came the
.11cIden interview at Plombeires, at which Count
teux,enr communicated the cession of Villa Franca
he Russian navy, and obtained the adhesion of
chice Yniperor to that now important measure, of
h the meaning was first insisted on in this
art of the globe, though pooh poohed elsewhere.
bete next fact was the interview last September
ween Colonel Couza and Napoleon 111. at the
tilileries of which the result is now visible on the
°Wei' D'auube.

TURKEY.
The CONSTANTINOPLE, Feb. 22.
_es
rePorts lately circulated in certain papers,
va?ecting the marriage of the Sultan, the des-
and 'them Pacha to the Danube with troops,
untrue trhe Contest in the Divan, are all stated to be

WAlLrri, DETERMINED UPON BY FRANCE.
on- r Paris correspondent of the _Herald, writing
th ,r'llesday night, says he is in a position to state
ona' war is so far resolved on by the French
ra-verement, that the corps, which are to com-
a eclice the campaign, have already been desiFilated,
I,IIY that orders have been given to the Minister of
ar to frame a plan of operations.
si,lt is reported that Austria is to be attacked
`!!iltaneously in front, flank, and rear.
WY,
The Piedmontese, supported by a large French
~..1?;13r, will form the main division, while another
,11.11- march northward for the Papal States, and a
'lld will seize Venice or Trieste.
ei°ll is said that representatives of the foreign
'ltB in Paris have abandoned all hope of a
Pacific solution.
It is reported that orders to prepare for a
salt
in Italy were given by the Emperor
immediately after his return from Compeigne.
The visit of Count Cavour to the Emperor,
•euain g
I_llri.li the summer, is an important link in the
of events.

POLITICAL GOSSIP.
MR. -BRIGHT AND HIS REFORM BILL —Tn a letter to
the Secretary of the Blackburn Branch of the Lanca-
shire Reformers' Union, relative to the late reform
meeting in the town, Mr. Bright writes:—" I feel con-
fident that the more mroposition for reform is
examined and understood , the more will it be approved
°y. all those in favour of representative government. I
tthe
it little less than folly and childishness to disturb
"e present arrangements, unless we are prepared to
make a substantial amendment : and I believe my mea-
!tire/ in a true sense, to be more really conservative
any of a less extensive and decided character.
.he cordial feeling which has been shown with regard
to it in all parts of the country, gives me hope that no
unworthy scheme will meet with support from the
people., even though it should be welcomed by a large
part;' is P arliament."