The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-26
AFFAIRS IN EUROPE.
By tho Electric Telegraph and the Eastern
Mail.
A r r Y A T.
OF THE
STEAM SHIP HIBERNIA,
LIE 90 49, ~S
TWO WEE ks LATER.
IMPORTANT COMMERCIAL INTELLIGENCE.
The Debate in the English Parliament on the
Commercial Distress of the Nation.
Interesting Financial Intelligence.
ANOTHER LIST OF FAIL URES.
Decline In the Cotton and Grain
Markets.
Suppression Of the Civil War in
Switzerland.
Opening Of the Council of tate in ROme
Lf Gc H.
IMPORTANT COMMERCIAL INTELLIGENCE.
The Debate in the English Parliament on the
Commercial Distress of the Nation.
Interesting Financial Intelligence.
ANOTHER LIST OF FAILURES.
Decline In the Cotton and Grain
Markets.
Suppression Of the Civil War in
Switzerland.
Opening Of the Council of : tate in ROme.
&c. &c. &c.

lie. &c. &c.
The steamship Hibernia, Capt. Ryrie, arrived
at Boston at O'Clock yesterday morning. She
sailed from Liverpool on.the 4th inst.
Annexed is the teegraphic view of the news.
1t is important to the commercial community.
The british Parliament, for some days, had been
engaged with the subject of trade, and the finan-
cial condition of the country. 1t is expected
that measures of a salutary character would be
introduced We give the debate.
The state of Ireland is truly frightful The
land reeks with assassinations, from one end TO
the other. Government has proposed a coer-
cion bill of very mild and moderate character.
In Switzerland, the civil war has been virtually
terminated, by the surrender of Lucern to the
troops Of the Federalists. The Sonderbund is
deserted and thus the hopes of the Jesuts arc full
ly Frustrated.
The affairs of Italy are in fair way for adj
iustment. The Pope has opened the new Coun-
ell Of State Of the Vatican, and his speech elicit
ed unmixed appreciation.
The Royal Bank of Liverpool, the stoppage of
which caused so much excitement at the time,
has resumed business under favorable circum-
stances.
The Asiatc cholera is stated to have advanced
to the Prussian frontier.
The Prssse, of Paris, states that the United
States government has purchased the islands of
Lyra, from Greece, and will at once pay off the
mortgage due. This is Greek to us.-Herald ]
The Washington arrived at Southampton on
the Sd inst. She left this port on the 18th ult
The steamer Caledonia arrived out on the 10Th
ult., and the packet ships Montezuma and Gar
rick on the 9th ut.
The packet ships Fldclia, Capt Yeaton, and
John r. Skiddy, Capt. Luce, hence, each made
the passage to Liverpool in fifteen days This
ia equal to steam
The Speculative Movement OF the Engiish
Government.
From the Liverpool Mail, Dec.
The opening Of Parliament, as far Is concerns the
people, has not been propitous Her Msjestys Minis
Ter. treat the victims Of fatal policy, long pursued
arguments With calm indifference if not with soornful
and urju rebuke
What they think aud Others think of the Ministers
themselves as the principal authors Of the calamity
shall not here attempt to conjecture 1t Is clear.
however, that their willingness to inquire into thu
effects OF Peels bill of 1874, affords evidence that
they suspect what they deny, and conscious Of
error, which the can't embodied in Sir Charles
At present. they taking shelter behind imagna-
Ty screen They are luxurating in golden shower
Of England And so L has been for tho last fortncS
and will probably oontnueto do so forsoms.wee to
come But wh"nce is it coming from, and under wha,
ciraunisaucesl From parties In Germany Prussia Rus
Ella anu America In order to meet the bills which they
drew ueon sthe corn they exported to England, and
whieb bills were dishonorsd In this country. The
held iu England these foreign accounts Is not
worth ten sbogs in the pound of the amount origi-
The commercial credit of this country now so low
that Dillon the best of the surviving houses
present Literally % no value The gold comes here
Do the ministers take credit for this happy turn in
affairs! Minds constituted like that Of Sir Charles
Wood, and are influenced by the teaching Of others
Little more cunning and sordid than themselves
tain to cling to any dsuson the plausbity Of which
they admire but the treachery Of which they are unable
TO discover viu Lord John haze the eourag, to boast
hot by his inpited aud encouraged infuu IF foreign
he has succeeded in cheating the eihs,ns of lie
United Statss VIII he swell at the idea that we have
got possession Of the hreadus without paying for them
and have compelea the merchants Of New York to
nit geld to meet the dishonored drafts
This, We Gnderstan1 treated jocularly in certain
4ES guaysrs The gold returning and Sir Charles
Una, two can play at wide though be the oosn that
rolls between them.
Ths merieans having been d,prved of their erpeefed
Ptcfs BY his psry Dhig-lke and very honorable fndn-
eiat .rarion piH rfdiiafe The shines.
As have not paid for the corn they sent U.S. they will
not pay for the manufactured goods have sent them
Let the manufacturers Of this country enter this great
fact" In their books
Important Debate In the British Parliament,
on the Commercial Distress Of Great Britain,
&c The Queens speech &C.
On huesday, the Ish ult, the Imperial Parliament
ass-m bied at Westminster MIR Shaw Lsfevre
elected speake and the remainder Of the week
cupied IN swearing In the new members On Tuesday
the following Royal speech was delivered by commits
Aon =
MY Lonps AND GrsrLEsyx-
Her Majesty has ordered as to declare to you the
causes which have induced her to call Parliament to-
Re.her at the present time.
Her Majesty has seen with great concern the dis
tres which has for some time prevailed among the
mercal classes The oarrassments Of trade ut
psriod aggravated by general feeling Of distrust
eoi Of alarm that her the purpose ofrestor
10 the Directors OF the Bank Of England course of
proceedings suited to such emergency. The course
might have led TO an infringement Of the law.
- Her Maj ty has great satisfaction In beiug able 10
Inform you that the law has not been infrnged-that
the alarm has subsidedand that the pressure the
btnsns ana commercial Interests mas been mitig4ted
The abundant harvest with which this country has
been blessed has aleviated the evils which always
comrauy want Of employment in the manufacturing
districts.
Her Majesty has however to lament the recurrence
OF severe Distress In some parts OF Ireland owing to the
scarcity OF toe usual food Of the people
Her Msiesty trusts that this distress will be mster
ally relieved by the exertions which have been made to
carry into effect the law Of the session Of Parliament
for the support Of the destuts Door Her Majesty has
learned with satisfaction that landed propstors have
taken advantage OF the means placed their disposal
by the beraty Of Parliament for the improvement Of
land.
HcrNsjssy lamens that In some counties of Ireland
ttrocious crimes have been committed and spirit Of
tsubor dinAon bas manifested itself leading To an or
ssnized resistance to legal rights.
The Lord Lieutenant has employed with yiQor and
energy the which the law places at his disposal to
detect offenders and TO prevent the repetition of oen-
Her Maesty feels It, however, to be her duty to
hsr and well disposed subjects to ask the a.
distance OF Parliament In taking further precautions
apapst the uerpetrnou Of crime 10 certain countoa
and districts Of ireland.
Her Majesty views with the deepest an xiety and In,
'neDds to The consideration Of Parliament wessurss