The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-12-19
The News froua EuroPe-lmp0rtant Politi
cal and Commercial Intelllsenae.


Tho News frou. Il acknowledgement Politi-
cal and Commercial Intelligence.
BY the arrival of the steamship Cambria at Bos-
ton, from Liverpool, we have advices, from all
parts of Europe, fifteen days later than those re-
celved by the Caledonia. The intelligence, both
IN political and commercial point of view, il
highly important and interesting
The entente eordials is in danger OF another rup-
ture The scene of difficulties is now at the other
extremity of Europe. Russia, Prussia, and Austria
have aroused the indignation of England and
France, and the excitement growing out Of the
Spanish marriage question has subsidized, and the
political circles Of Europe have become deeply
agitated, by the annexation of the city Of Cracow
to the Austrian dominions.
The city of Cracow has heretofore been inde-
pendent of both Russia and Austria, mutual
understanding having existed between these two
governments to that effect; the only supervision
they assumed being that considered necessary to
prevent instructions and revots. The inhabitants
Of tho city, were generally opposed to the annexa-
ton, but made no public demonstration of the
effect Of this movement upon the public mind
A deep melancholy appeared to be the genera
aspect of the populace. This is the last scene in
the grand Polish drama-and Poland and every
thing bearing distinct Polish character, has, as
nation or people, become extinct--the whole
having by this last act become emerged in the do
minions of Russia and Austria.
The political affairs of Europe are rapidly
reaching eliminating point. Many years can.
not elapse before explosion, endangerng the
peace of the principal powers, will be- expe-
rienced, the result of which cannot be difficult
to foresee. The holy alliance has become dead
letter; and the protests of Great Britain are of no
more importance than so much blank parch-
ment.
The state of affairs in Europe is becoming
highly interesting; and our geographical position
enables us to look only quietly, and to a certain
extent disinterestedly. There is now very little
probability of the balance of power question, 20
far as this continent is concerned, becoming
again agitated; and the governments of Europe
have their hands full in regulating their own dif-
cultes without meddlng with matters in this part
of the world. Every tub must now stand on its
own bottom.
The spirit of annexation appears to be spread
ing very rapidly over Europe; but there is no ma
ton in the old world able to do it upon as extern
sive scale as we can. The annexation OF a city
having a few hundred thousand inhabitants, is a
small affair compared with our movements in
that way. An immense territory, covering hun.
dreds of thousands Of square miles, is annexed
quietly and peaccably, with no opposition but
he paper protest OF a petty Governor, and i: be-
comes province or portion Of the Union at
once, from which we at our leisure carve out
States, and people them from the oppressed po-
Pulaton of European governments.
The commercial advices from EUROPE are
highly favorable. An advance of quarter of a
penny per pound in cotton looks very encour-
aging; and as it was caused entirely by the com.
plexion Of accounts received from this country
in relation to the crop, the improvement must be
considered permanent The corn and -four mar
kets were firm, bat the transactions were not ex-,
tensivc; and the prevailing impression was that .
decline must soon be realized.
On the whole, the news is very satisfactory, and
the condition of things on the other side was
highly favorable for the principal interests of this
country.
SPIRIT OF THE AMERICAN Navy Our little navy
has of late been the subject of animadversion by
portion Of the pross, on account of the two fail
ures on Alvarado.
We knew what stuff our navy officers and ma
rines were made OF, and had no hesitation in
saying, at the time when the accounts of the un-
successful attack on that place reached us, that
there would have been no need of attac king it a
second time, if nature had not implanted bar
risrs in the way which our navy could not over
come. We knew the spirit of our navy, and
would rely on it in all cases and in all emergen-
cies. As a proof of their bravery, we have only 10
refer to the recent capture and burning of a
Mexican vessel under the very walls of the castle
of San Juan de Ulloa. A rough account of this
gallant exploit has already been published in this
journal, but the origin Of the movement has
been as yet, we believe, unexplained. We give
it in the following extract of letter received at
this Office, from gentleman on board one OF the
Gulf squadron.
Here it isl
IL give you account of the most brilliant little
AFFAIR thar has occurred during the war. The somsrs
was anchored under Green Island sacrAcious, .
small bland near the castle of Ssn Juan d'Ulloa under
the lee Of which ell the neutral men Of war are apchore
About Lieut. Parker, Passed Mdshipmsn Hynson
the brig and pulled on board The English fs.ts Endy
mion whore they took supper and in the course OF
can schooner moorsd to the walls Of he castle and which
was being hred out % q cruiser. The Englishmen
laughed at the idea =. Impossible Of execution Nothing
daunted, our brave fellows started about o'clock and
were hailed Lieut. Parker, Who i ths srsstsst lingust
out board schooner who allow cd the boat
alongside, when the Mexican Immediately gagged
secured. and put Into the boat Eight more
then seized 10 the manner, without charming the
castle train laid and fred and the boat showed or
but ~ no flame pulled back, and Hyn
son jumped ON the schoopsr's deck with two powder
hasks emptsd them Into barrel Of tar and discharged
his pistol into Il He stood too close and ssorsly
OF without being hit The schooner after blew up
aud Tins ended this little brilliant affair." executed by
fey gallant hssrts We have lots Of the stuff in our
navy, waiting for chance"
Our brave officers were, it Deems, determined
TO show the Britishers what the Yankees could
do, and well the noble fellows performed what
they undertook.
But while we give them due credit for their
bravery, we cannot conscientousy award them
any for their rsshness. 1.-THE lives OF these brave
boys had been ksasriAced in this affair. their