The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-09-07
AFFAIRS I'm EUROPE.
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AR RIV AL
OF THE
American Steamship Washington.
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ONE DAY LATER.
&C., &c., &c.


O'Clock, yesterday morning. We received our de-
ispatches at 10 minutes before twelve o'clock.
The Washington left Southampton dock at four
o'clock on Sunday, the 10th August.
Wehave advlces from that place to the moment of
sailing, together with news from London of the
evening OF the 10Th, and from Paris OF the 18th;
one days later news than brought by the steam
ship Niagara, from Liverpool.
The Washington was boarded, sixteen miles
east of the Hook, 10 minutes before 10 o'clock,
by the News Boy.
The w. has had a very rough passage, having
experienced one continued succession of heavy
westerly gales during the first ten days. Her
machinery has worked admirably during the
voyage.
She brings the large number of one hundred and
hfty-fve passengers, amongst whom we notice the
names of an English Rear Admiral and his lady,
<Slr Edward Owen, X. c. b. late Commander
ln-Chief of the British naval squadron in the Me-
.diterranean also, Lieut.. COL Hay and family /;
Honorable II. ]. Boulton, Lieut.. Desborough,
r. A., &c, &c.
The freight Is very large one, consisting of
tons of measurement goods from Bremen, 16O tons
of very valuable goods from France, and con-
siderable quantity of English manufactured goods,
shipped at Southampton.
There is nothing of Importance from Ireland ad-
ditional to our advices from Liverpool, by the
Niagara.
The American news, by the United States, had
not produced much effect on the London markets;
but the declining rates of exchange of New York
on London were looked at with apprehension, par
ticularly when the general badness of the weather
an Great Britain, and the critical position of the
wheat and. potato crops, We're taken into account,
as leading to still more depressed rates of exchange,
and a consequent emission of bullion, to pay for
large supplies of breadstufs that would, to GER
tainty, be wanted from the United States, during
the ensuing autumn, to replace the damaged
crops.
The opinion began to be extensively enter
tanned that large supplies of breadstufis would
be required from this side, to provide for
deficiencies in the English crops and a re-
expectation of bullion was feared, the con-
sequence of which was a perceptible increase of
caution the part of the bankers; and it was sup
posed that the rate of interest and discount would
certainly be raised by the directors of the Bank of
England, at their next weekly meeting, unless de-
.cided change in. the weather should take place
English consols, at O'Clock on the 10Th, (close of
Exchequer bills 22s. to 26s premium; India bonds
GAS. to 25s. premium; Railway shares heavy in
price, and prices tending downward.
The English three per cent consols closed on
the London Exchange, on the 18th, at S6I; Mexi-
can bonds were ICY to II; Dutch and Spanish
stocks little advanced. Exchequer bills were 81
to 30 shiings premium; Bank of England stock,
1861 to 1881.
The reports of the various provincial corn mar
kets in England, showed rise of from Is. to As.
per quarter in corn; and If the bad weather con-
tinued a still further advance was Immediately
anticipated. ftfr
very great change suddenly took place IN the
weather at Southampton, on the goth ultimo-the
sun shone out with brilliancy, and the weather be-
came delightfully."- warm and refreshing-ln fact,
harvest weather appeared to be coming, and con-
tinuance of sunshine would be the salvation OF
large quantity of wheat.
There was no change to remark in the condi-
ton of the Liverpool cotton market.
Our advices Of the 18th August, from PARIS,
represent that the public mind was more tranquil
than 1t had been for some days previous. The
government was SAID to fear nothing from the So
called red republican or reactionary party, and
perfect order and tranquility, for considerable
time, was anticipated. The movements of the re-
dictionary party, it could not be concealed, were
causing great uneasness to General Cavaignac
and his government The tone of the socialist
press was, also, menacing and unsatls actory !;
but nevertheless, confidence was felt in the firm
and discreet precautionary measures adopted to
prevent and repress any disposition to outbreak.
II was said that M. Theirs and nj. Odillon Barrett;
were about to proclaim the Regency, that the
Legitimists were about to declare themselves, and
that the inhabitants of the terrible faubourg ST.
Antoine, abandoning republican predictions,
were prepared to embrace the cause of
Henry Cinq, and descend into the city to
proclaim him. These terrible rumors, with
the reports of dssensions in General Cavaignac's
cabinet, and the uncertainty OF the issue OF the
Anglo-French mediation IN Italy, had for some
days caused certain forebodings; but our inn
presslon from the tenor Of our private advices and
from hasty perusa of the latest accounts IN the
English and French journals, lead us to the believe
shat the existence and stability of the republic
was not menaced by immediate danger.
Agitation and dread still continued to per-
wade that city, arising from rumors of secret
societies and formidable conspiracies, whose OBJ
ect to overturn the existing system of govern
ment. General Cavaignac, 1t was said, had re-
.ceived due warning of a meditated insurrectlon,
and had concentrated large military force round
Paris, in Older to Immediately and efectually sup
press It, These precautionary measures were
placed under the direction of Genera Lamoriciere,
who had been invested with extraordinary pow
ers. All parties looked with fear and trembling
oshe debate on the report ofthe June Instruction
as that moment was supposed to be fixed for a re
newed outbreak. Amongst well informed circles
however, 1t was fully expected that any outbreak
would be suppressed.
The French three per cents closed at43 francs,
and the five per cents at II francs, on the 18th, the
new loan being quoted at II francs.
a oh of ~ d. ,,ar in tho Ions