The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-27
ASPECT OF AFFAIRS IN EUROPE.
ADDITIONAL INTELLIGENCE
BY THE
8 TIE A M 8 H p HI ERNl IA
The Debate In the British Parliament on the
Monetary Pressure.
SPEECH OF THE POPE OF ROME
SPECIAL DISPATCHES
TO TIE
NEW YORK HERALD.
sc. sc. sc.
ASPECT OF AFFAIRS IN EUROPE.
SPEECH OF THE POPE OF ROME

France.
PARIS, Nov. 80, I547
We are here more than usually dull Of intelligence
We are involved in the calm that usually precedes the
opening of the Chambers royal ordinance has just
appeared In the Monu fixing the event for the 2sth
December The public attention here has been so en-
rey eDgrossed by the civil In Switzerland and the
Political events Of Italy, that domestic politics have been
almost forgotten Nevertheless, the reform banquets
continued and the most magnificent demonstration
of this kind has just taken place at Lyons where 900
assembled to manifest their sense of the neoes
sty of parliamentary and electoral reform. There as
at most other similar meetings, the toast to the king
was steadily refused In fact great features Of
these public manifestations Is the unequvoca odum
exhibited towards the person Of the sovereign.
The Philadelphia arrived at Havre on the 2sth, with
advices from New York to the 10th, having therefore
had an eighteen days passage Ths slownsss Of these
French steamers Is complained Of The fact it, they do
not POSSESS the requisite to the necessary
speed The sailing packet Bavaria, which sailed from
New York only two days previously (he sth) entered
H.vre the same day This fact speaks volumes. Thus
all the cost Of the machinery, fuel engineers, and me.
chanca crew. the bore Of the smoke and dirt the
occupation Of the tonnage Of the ship by GOALS Co. have
been productive Of no other advantage than the reduc
ton OF the home voyage from twenty to eighteen days
This will never do.
PARIS Nov. 80, ls47
During heast week. public securities of every descrp
tion in our market underwent q slight improvement
The threes ten cents andths fves 80 cents The
one closed at II and the other at llOf SOC. Railway
shares suffered little change On the whole the market
seems so firm that approximations entertained Of
Its being disturbed in any degree the set
The prices of the last few days very near
~ identical with the average Of tho month. II they
can Do maintained, as is probable, for few days the
settlement will produce no difficulty The English
funds which for several have been rising exercise
but slight influence ON market. The fall which
they suffered during the late crisis had little reaction
ON our Market and their present recovery felt In
any greater degree Nevertheless 1t would be absurd
to suppose that serious revuson and recovery so
near US, could be altogether without effect here We
certainly look to some beneficial effects taough they be
nos ysi manifested on the Bourse The
land the rapid and unexpected augmentation of the
stock OF bullion in the cellars of that great establish
acM OF TOO important nature not to Affect Nothing
could be more remarkable in the estimation of our fnan
peared In the city Credit fact was instantly rean
mated the moment the government gave permission to
the bank to make advances on the deposit of
tain securities, at fixed rate OF interest untram
melled by the law of ls44 This circumstance alone
without even the issue of more notes than the act
ual law authorised has been sufficient to suspend
he crisis and to the temperance of capital
en- the market 1t 10 astonishing what an inoonsider
~ the bank suoient to produce this efYeot
Affairs now seom to be in q state which affords a fair
monetary affairs 1t is generally thought here that the
Bank OF France by what has taken place in
London will lower It's Of discount and restore
their usual healthy action to commerce. indus
try and credit The Bank of France guards itself
doubt against the DANGER the of spe
Gle, which rise In price Of bullion in for exn mar
kes would produce; but 1t Is evident that this danger
ceasng to exist it will hasten by reducing its rate OF
discount to stimulate the revival of business This
the conviction Of all those hnanoiers who ought be
best acquainted with the sentiments of the Regent of
tuition created for the public good and not for pr
vate profit By causing confidence to revive the bank
caused at the present moment BY those prsosu.ons
which all prudent houses take towards the close of the
year.
aoth-6 O'Clock P. M.-The settlement proceeded TO-
day very favoraby prices being sustained with consde
rsble nrmnes The threes closed at II 10 for account
and n 20 for cash; fves at ll6 65 for account and
ll6 65 tor cash The new lran done at 70 81 for
cash and rs 30 for account being premium Of 80 to
65 The share market was steady.
The news from Naples improved that class of foreign
stock The Termination OF the conflict in Switzerland
and the pacific of the great powers have also
Switzerland.
BERrH Nov. 26, ls47.
The struggle in this confederation may be said have
arrived at virtual termination. The sunderbond after
all lis clustering threats has submitted to the federal
troops almost without blow. Some skirmishes took
place on the external line Of dences Of Lucerne the
2ad and sharp affair occurred at Gskon and Roth on
the right bank Of the Reuss. within league and half
OF the city the asa after which the federal army
with no further opposition and finally marched into Luz
cerne on the morning OF the OATH The General Of the
sunderbond Sails Sago, and the heads of the cantonsl
for them the lake the middle Of the night
tho 23d and Goth, taking with them the dollars of the
papers The troops of the canton, OF soSnvlz And In
terwsld took to their hills and made the best of THAR
way 20 heir respective homes aided also by steamers
ana the Lucerners were very unceremoniosy left TO
shift for themselves Three Of the seven canton, of tho
league Lucerne Thybourg and Zug have thus surren.
The remaining cantons Of Sohuylz Ur and Unit srwsId
cannot hold out against force which in twenty four
hours has subdued the capital and driven before e. In
route and confusion the main army of the league with
Its general wounded, as Is reported, in the cheek.
truth ,s who hs ssaas, 'ne yas put IN
one doubts If the issue Meanwhile, congress Of the
represent tivss Of the Ave great powers-Ensland,
to settle by friendly mediation the remaining points In
dispute.
Sicily.
NArLrs, November 10 1917.
Notwithstanding the series Of atrocities perpetraed
by the Of this unhappy country there
to be now some gmmeripg of hope, that, driven by
sheer compuson, King Ferdinand will adopt system Of
reform, however limited II onoe beginning be made
there Is but little doubt that the progress will be CONT
nued M Petra Catela who has long occupied the place
OF Minister Of State to Sovereign has been impressed
with the conviction that In the midst Of the reforms
when are going on around the Kingdom Of the Two
Sices cannot stand still He has for the govern
ment only the alternative Of taking the instive in
voluton He has long earnestly EXPRESSED this oonvc
tou to the King, but his counss have been hwarted
and neutrased by the other minister's such as Campo
bssso but more especially by the strocous Minister Of
Police, Del Cnrretto Finding all remembrance fail M
Pietra Cstela lately demanded audience of the King
and hnay rendered his resignation assuring his
that he did not feel warranted In under the
responsibility Of Office, when he felt convinced that the
speedily to the ruin Of the KINGDOM Ss @ Of
the throne The steady determination of tb. Minstrv
ana a' .nSouStsd capacity ana integrity repre-
the continuance OF despotc policy aud he accordingly
sutn1rssd tns minister to prepare plan of reform to