The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-03-20

very grave character
Without enterlpg into details, for which have
no room, I, may be stated that the army was out in
all directions but the right one, in search Of Abdel-
kader; that that dauntless hero had entered and
ray aged several Of the French from which
had been believed he had been driven forever and
that ne had even had the audaciy to advance within
OF the French soldiers had been very great from
fatigue, and want OF food and clothing The greater
part OF the cavalry had lost their horses, and had
suffered dreadfuly. Such was the melancholy state
OF affairs that the militia had to be called out, and
the very condemned soldiers themselves had to be
armed and sent into the field. At the date of the
last advices, however, matters were improving in
appearance. Marshal Bugeaud was in the Mezala,
disconsolate place, chastisng the people for their
revolt. 1t was sad that the Kabyes manifested lit
tie desire to follow Abde kader, having found that
he had deceived them. The tribes on the right bank
OF the Oued Sebaou had refused to join the insur-
rection. General Gentil had effected junction
with Marshal Bugeaud. In the Mltidja tranquility
prevailed, as also in the provinces OF Constantine
and Gran. But notwithstanding all this the recent
exploits Of Abde- kader have given terrible fright
to the French generals, and serve to show how in
secure are the African possessions OF this country.
China.
The political news from China, which extends to
the 18th Of December, is unmrcrtant. The High
Imperial Commissioner Nessiag had addressed a
letter to Sir John Davis. II. i NJ plenipotentiary,
concerning equal liberation OF the religion proessed
oy the Englsh, IN which he says thar "all western
nations be treated upon the same footing, and re-
ceivc the same protection. on matters OF religious
faith"
Markets.
LosDss MONEY MAsxsr, Msrch alert our readers
ssoHid not hav: had an Opportunity Of noticing the state
OF tne London Money market since the departure Of the
steamer OF 9th February briefly review il from that
period forward. The aostraction OF 90 large in
cash q niteen mnons for the Railway deposits re-
quired By Parliament % b psid nto the hands Of the
counsnt Gspsral Of Chancsy and which il BY him re-
tanned from circulation has csussde ishtns.s
IN the money msrkst and a., Of course. bank.
srs and discountsrs at the same tine decrssssd
their usual accommodation. the pressure has bean se
verely felt amongat all classes Of business mon
In both London and Liverpool ssvsrsl heavy failures
occurred particularly In palm oil African trade in the
latter town and In London Consols fuctuaed conside
bly, The money market has been more steady the last
fortnight than Previously but the long continua ton
Of law debate has been great hindnce 10 busi
The discount market is easier, the brokers'
rate being quoted 81 per cent the bank rate being
still 81 The settling Of the last six weeks differences in
consos took place to day and anxiousy looked to-
the fluctuations since the 9Th Of January have been
very considerable II passed with only dsfau
ter who was deficient f4000 The price ct the settle
msnt vas declared to be se Upon the opening Of tho
market after the receipt Of the hostile news by the
Patrick Henry, the funds we're oendd~Ssbly De.