The examiner. [volume] (Louisville, Ky.) 1847-1849, 1847-10-30
s,.or,cr,,N News.

tcnssscr's News.
Tn. paoers ard letters, by the Hissoxri and
Csrbris, are fall os monied panies, and com
msrcisl failures. All was In confusion In Lon
doa. Nothing ike it has occurred, since the
great panic Of rs.
Various reasons are given for this extraordi-
nary state of affairs. The chief ones assigned
are
LIT. Railway investments.
I'd. Action Of the Bank Of England.
Put into plain English, all this means, that
the Commercial Public OF Great Britain has
been immersed In speculation--ihat payday
has come-and they cannot meet their obliga-
tons.
Business has been done on false basis. Not
content with small gains, or steady accumuia-
tons, the larger merchants, have gambled for,
and grasped al, large fortunes by dash. They
are now suffering for their rashness- Happy
will it be, IL trade, through this terrible expe-
rience, shall flow in legitimate channel. and
the gambling propensiiies which flow from it,
be shut out, and boldly d.ccuntenanced and de-
nounced!
A friend writes US under date Liverpool. 18th
October:
"The steamer leaves tomorrow with, per-
haps, the most disastrous news Of the State OF
our Commercial Relations vet transmitted.
The stoppages Of first rate houses q say stopDa-
ges, for Ina many cases they not failures
strictly speaking) have been exceedingly nu-
merous, and confidence seems for the moment
almost annihilated."
One caution we think it necessary 10 give to
our readers as to English accounts about fall
urss, panics, sc. They are aware that hot
contest is waging between Protec,ionists and
ffotectionists. The former will exsgger-
ate the present state Of affairs, in every way they
can, to prove that Free Trade is the cause Of all
the difficulty, Though it is hard to say, with
Irish famine. and English scarcity, and Cont
mental ''shortness' In grain, what they would
have done without it, and endeavor to rally the
nation upon the old issues. The country, at
large, will not be hurt by this commercial crisis.
The means exist in abundance, to carry ON its
business, and will be forthcoming when conf
dence is restored
| ITALY is still in fennent. The first great
point is the occupation of Ferrara by Austria.
This is resisted by the Pope; in this resistance
England joins.
Austria replies, We carry out only the treaty
Of Vienna, and act under its sanction. But
meantime disease seizes hold of the s0ldiery,
and they retire. Austria thus explains lis con-
Duct
| In note sent to the Cabinet Of the Vatican
by Count Lutzow, the Austrian Government
has declared, In the most formal and positive
manner, that IL never had any intention to in
terfere with the independence Of the Pope. 1t
claims the right 10 garrison the town of Ferrara,
in virtue Of the treaty Of Vienna; which sets
forth "the right of garrison in the places Of
ferrara and COmmachio." This Austria con-
strues 10 raean the whole of the city encom-
passed by walls. In the Official Latin copy Of
the treaty, the word is "arx'' (citadel and it Is
upon this reading that the right is held TO be
limited TO the citadel.
II the soldiery have retired. (as we suppose
is the case sickness is a mere cloak. Austria
means TO retreat. itmay be as well to say, how
ever, that there is another version which states,
not ouly that the difficulties are adjusted, but
that Austrian occupation of Ferrara had every
appearance Of permanently. IL is even said that
conflict has ensued between the Ferrsrese and
Hungarians We shall know how ell this is
very soon. We believe. however, that Austria
has backed out.
Sicily was in d insurreetionary state. We
should anticipate no difficulty here, except for
the order of the King. lie has established the
prevotsl courts, with directions that every in
surgent should be shot. Very effective some
times. but generally not the most loving or
Peace-ending course. The papers say
On the 18th ult.. twenty-five Young men, be-
tween twenty and thirty years of age, belonging
TO all classes of society. were put TO death at
Messina The populations of suspected locali-
ties were 10 be deenated. The account Of
those sanguinary executions had excited at Ma
Piles general feeling of Indignation and horror.
Later accounts TO the Goth uli, state that the
news from Naples was favorable to the cause of
the insurgents. The reformers, as they call
themselves, had completely defeated the ROYAL
troops in the province Of Campo Basso in Gala
bria, with loss Of two hundred killed and
wounded. The brother of the Cardinal Secre-
tary of State, NJ. Pictro Ferretti, lief, Rome on
the 2h, with letter from the Pope to the King
of Naples, recommending him TO use clemency
towards the prisoners. The Archbishop of Ca
qua had arrived at Rome, and demanding of His
Holiness, in the name of his Government, to
publish an aPostolical letter inviting the poDula-
ton Of the kingdom Of the Two Sicilies 10 obey
their Sovereign.
AT Lucca. the Regency was carrying out the
late concessions extoried from the Duke. The
Civic Guard had superseded the old Urban
Guard; commission had been named 10 frame
a law on the press, and another to take up the
question of finance.
The Duke OF Lucca has fed from his Dutchy.
The hesitation which the Dnks manifested at
the commencement Of the month, soon return
ed; and, under pretext Of i'll health, he insiitu-
ted regency, and quilted his states sine de.
On the oath, Bologna voted 43, 900 francs for
a National Guard-on tine 22d, Ferrara was il
luminaied-patroiic hymns sung. shout. utter
dence Of Italy.
1t is said Cardinal Ferre;ti means 10 resign.
Doubtful.
SWITZERLAND still looks warlike Ii is very
evident that military effort will be made to dis
solve, and defend the Sonderbond II so
collision and civil war must ensue. Berne on
the 18th voted an extraordinary credit, and
20,0OO men. Zurich had been alike liberal
These are two of the most populous and veal
thy canions; they can turn out 10000 men.
The mission Of the Earl of Mimic was ac-
knowedged. He had frequent interviews
with M. Ochenbein. President Of the Directory.
and assured him that England would oppose all
Intervention OF foreign powers, having for its
object, the prevention Of Confederation, or ma