The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-04-17


nary thing is the sudden, and il appears unexpec
appearance OF Comet yesterday evening, the larg
est says the Unlvers, ever known. l did not see il
myself, nor have ] met any person who can saw he
has seen il; but singular appearance in the 6ea.
veDs was noticed by hundreds. According TO the
Unlvers, the Comet was discovered at seven o'clock
with a tail extending over space of 60 degrees
he o' Which
gle OF 40 degrees. II the moon had not risen SO
early, or the daylight had been less, probably a
brilliant sight would have been witnessed by all Pa
Tis. Several gentlemen astonished AZ the statement
in the Univers as they had no suspicion of the ap
pearance OF Comet, went to NJ Arago this morn
ing, at the Observatory. He was in bed but he had
charged member OF his family to inform all who
to make inquiries that the account in the Uni
substantially correct; and that he intended
with his colleagues, to watch Its appearance close
ly this evening, and publish account of his OBJ
servations. The nucleus of the Comet was not vsl-
BILE, on account, as is supposed, of its immense dis
lance"
The Lisbon mail of LIST March brings fresh propo.
sails to Lord Aberdeen. The decided stand that
England has lately taken upon the commercial
treaty has induced the Portuguese to offer reduc.
tion on Newfoundland cured fish from sixteen to
eight testoons the quintal, and upon wooden goods
generally an average OF thiry-fve per cent ad "a
loren. Drawbacks and bounties upon the native
fisheries will be allowed, should any of sufficient
Importance justify such measure The project of
the Finance Minister for raising 900 contos upon
the tobacco revenue was carried by majority of
fifty. The inundation throughout every district of
Portugal had been considerable, and had done great
damage.
Accounts from Algiers of the 10th ut. announce
that the celebrated Marabout lei Zerdout, who last
year excited the Eastern tribes TO- revolt against
the French and ever since held the field, had been
lately killed IN an engagement in the province o.!
Bona. The Governor General intended, in order
to facilitate his operations next summer, TO estab
lush several new camps-one to the southwest of
Milianah, at TENET el-Hard, another on the Oued-
Rouina, third at Ell Esneub, and the fourth near
Tenez. In the meanwhile all the disposable troops
were employed IN the construction of the road be.
tween Bdah and Milianah.
Turkey
The frman for the ameoration of the condition
OF the serfs oil Bosnia, given In the letter OF
respondent al COnstantlnope, will be read with in
terest, proof of the wishes of the Turkish min
lslers 10 consult the interests OF Christian subjects
The difference respecting Syria, between the Porte
and the ambassadors of the Powers, have not, how
ever, been all cleared away.
China
The overland mail brings intelligence from Hong
Kong and Macao to the LIST of January, from Cal
cutta to the 23d, and from Bombay to the Sd OF Feb
ruary. The intelligence from China is of great i'm
portance, showing, 1t does, that hostltes in that
quarter may be renewed at any moment. mum.
Der OF shipwrecked British subjects have been mas.
sacred by the Chinese, and serious riot which
seems to have been provoked by the misconduct of
some lascar seamen, had occurred at Canton. The
news is any thing but satisfactory. These events,
we fear, will have the effect of retarding materially
the formation of settled habits of commercial inter
course between China and England, though we do
not apprehend, after the experience the Chinese
have had Of our power. that they will lead to re-
newal of actual hOsttes.
The commercial accounts from China are on the
whole favorable. AS yet not more than $50 chops
of the new teas have been shipped for England
Since the first transactions which opened the mar
ket, very little has been done and prices are drcI
ming; and although confident expectations are en-
lertaned by many lowing to the very large crops)
that congous will go down to Is taes, yet shipments
are now making to the United States, and many
ships despatched
Exchange, As. Cd; Mexican dollars, IL dis
count; Syce, IL premium.
The accounts from the north afford very encour-
aging prospects tor British manufacturers. The
Singapore market has been cleared of cotton goods
tor the Chinese buyers, who have sent vessel d.
rect from Singapore 10 Chusan. II the treaty and
tariff turn out as expected, a vast development of
our commercial relations with China cannot but re.
suit. We would, however, wish to see matters car
ned OR with all proper caution upon the first of any
apparently great Improvement In trade.
India.
The accounts from India are favorable. The
camp at Ferozepore, consisting of $1,000 men, had
been broken up.
From Cabul we learn that 'Akbar Khan had de.
scended from the mountains, and taken possession
had joined him, the Baa Hsar had fallen into his
hands, and the young Prince, Shah Poor whom
the British forces had left in possession of the fort
had fled to Jellalabad, on his way to India
the Ameers, whose doubtful policy and intriguing
conduct had during some weeks kept up the alter
nation ofwar and peace, have been influenced by
the presence OF Major DURAN, with whom they are
will, it is expected, establish system Of good
intelligence between them aud the Government of
India.
Markets.
LONDON MoSEY Market March 20-The Consol mar.
ket las presented frmer appearance to day. There
we're few purchases in the earlier hours o! business
which caused altogether better position affairs the
English securities Consois for money LEFT off 98s sellers
and for the account 96t /; New Three-anda.half per
Cents closed 1921 TO South Sea Stock, l0s; and Bank
Stock for the occount 1881 to 1871; Exchequer bills did
not quite support previous vaues, their premium the
close OF business beng 6Ss TO los.
There was degree Of fatness in the foreign securities
not at all counerbaanced by the extent of
entered into Mexican in this respect very prom
lent the official announcement from Lizard Co., the
agents answer to the inquiries from the committee Of
he bondholders being that they have not present fiji
lent funds to meet the April dividend Hence the value
# that security has receded to 29 to ao and has been
period Of the day low 29l Colombian stock closed
6l to Spanish Actives gag TO /; and ditto New 3Is to
+ In Spanish Bonds the fluctuations were rather fire.
Iuent, and they closed with tendency downwards Bel
yian Bonds were finally quoted O44 TO lO5 Brazilian
20 to 81; Danish, 81 to ss Dutch Two and Half per
Cents, 55g to et and Portuguese Converted, sea to
X,
been started by shareholder in joint stock banking
company. The practice it is well known is to tax the
entire profits Of joint stock institutions and amount ia
hen deducted from the dividend Of each individual share
holder In the present instance the entire
shareholder is under fl50 and he therefore hes some
notion that lie is entitled TO drawback This must
be confounded with that Of the holders government
securities who, il their income is under the requ
amount, invariably obtain return Of the amounts de-
Quoted rom their dividends The holders ofpubc stocks
separate creditors but the of joint stock COM
panies the is that OF taxing large mercantile body;
and the question that is raised is whether each individual
has right 10 separate himself from his
partners aid claim return in consequence of the small
amount Of his particular income. The question is
ofgreat interest in the commercial world since not
only does affect the shareholders of joint stock compa
nes-a large body-but may even be found to apply to
some of the members Of small private firms.
number OF paper called the Misssippian published
Jackson the ID of last has been sent with
the view Of showng how the state of private credit SYM
pahses with that of public faith Two entire pages of
his paper, which published twice week. are filed
with notices from bankrupts being in all I2 in number
i is fair hewever, to the Mssissppilns to observe that
extremely xioue IN ast fromt eI,ou