The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-17
STATE OF The MARKETS.
Reduction in the Ratio Of Interest.
IMPROVEMENT In THE MONEY MARKET.
Advance in Cotton.
DECLINE IN GRAIN.
Additional Failures In England and
in Europe.
xwsvRRncxIoM I'M xT.ALx.
Progress Of the Influenza.
&C., &c., &c.

was telegraphed at half-past o'clock yesterday
afternoon She reached the city about half
past 8 O'Clock. She sailed from Liverpool on
Sunday, the Both ult.
The intelligence is one week later than that
received by the Sarah Sands.
The Bank of England has reduced the rate of
interest to four per cent. Out OF the bank the
rate is three per cent.
It is announced that the King of Denmark is
dead.
The mercantile failures which have occurred
since the 10Th ofJanuary, have been fewer IN num-
Der and less in magnitude In Great Britain than
months past But, on the continent, firms OF
considerable Importance continue to stop pay
ment; and the reaction of the late Crisis In Eng,
land Is very severely felt throughout Europe and
in other parts of the world. In India, several
other houses have stopped payment, almost the
whole of them being branch houses or firms init
mately connected with the great London houses
which failed in the fall of the last year. The
cities of Bombay and Madras have escaped with
less loss than almost any other places, me chief
weight of the late mistortunes having fallen, as
we anticipated, on Calcutta.
The directors of the North and South Wales
Bank, which suspended in November last, have
made arrangements to resume payment IN the
early part OF February. The head Office OF this
bank is at Liverpool, with branches all over the
principaity.
Lord Palmerston has protested against the for
chile levying of taxes upon English residents In
Mexico, to support the war with the United
States. These levies were made some Six months
since, and the English residents then protested
against 1t.
The King of Wurtemburg opened the Cham
bers the 22d ult. with royal speech.
The King of Bavaria has ordered those Jesuts,
who have taken refuge there, after Punishment
from Switzerland. to leave within three days.
The Madrid journals of the 22d, which reached
us in due course, are as undressing as those OF
preceding days The ex-minlster, ID. Francisco
Xavier de BurgOs, died on the 2lst.
The editor of the Presse paris paper) states
that he had seen a letter, written from on board
an American ship Of war, dated the 10TH, OF
Messina, which states that fire OF artillery had
been opened on that place.
1t is mentioned in advices from Berlin, that a
state OF business approaching panic had been
witnessed on the Bourse, In consequence OF the
nature of operations arising from the general
aspect of political and commercial affairs.
The King of Sweden has taken umbrage at the
conduct of France, Austria, and Prussia, neglect
ing to consult him on the proposed intervention
in the aft IRIS of Switzerland, his majesty having
been. as he alleges, party to the treaty.
Our Paris letters of the 2sth Jan, state that
anxiety respecting the situation OF Naples * ana nnd
troops in Naples. which we have already an.
nounced, was held fully to confirm the rumored
Intention of the dlsaffected to revolt. The King
OF Naples WAS UcllcVcu III dils W uC otAh NC
mined to refuse making any concessions to his
people.
Intelligence from Rome, of the 18th ult., state
that the account OF the lnsurrectlon In Sicily had
produced a deep sensation in that capital. II
was reported that the Austrian ambassador, IN
compliance with instructions he had received
from his court, in case any serious disturbances
took place in the kingdom of Naples, had de-
Mons for an army of 10000 men, to assist King
Ferdinand in putting down the revolt. His Holt
ness had peremptorlly refused that permission,
and declared that he would, In conjunction
with all his allies, resist by force all invasion OF
his States. Lord Mimic, on the other hand, hav-
ing been asked if England would permit Austria
TO send a naval expedition to Naples, was under
stood to have replied that his Government would
take no step to prevent the repression OF rebel.
lion, but that, in the event Of the success OF the
revolters, and the establishment of a regular
Government underl the reigning family of Ma
pies, Lord Palmerston would oppose all foreign
intervention. Lord Mimic, who had ordered the
British fleet not to appear at Naples lest Its pre-
sence should occasion a revolutionary move
ment, had, on receipt OF the intelligence of the
insurrection at Palermo, sent directions to Ad-
mral Parker to detach ships OF the squadron to
the Siclan coast, to protect the persons and pro-
perty Of English residents. The Pontihcal Go.
vernment had concluded loan of 1000, 900 Of
scudi, (E20O, 00O,) at "a, with M. Delahante, a
French banker.
The Queen has been pleased to appoint James
Hosken, Esq Lieutenant In the Royal Navy, to
be Master-Attendant and Postmaster for the
island of Labuan.
There are runners, as there have been for some
time, of an intention to establish in London a
very large discount and banking establishment
on the principle OF paying interest on deposits.
If this be done on a secure basis il will materi-
ally affect the value of stock in the Bank OF Eng
land by Withdrawing large portion of the de-
posts.
The position of the iron trade remains unal-
tered, except that several additional furnaces
nj 80 - C.
ntion still prevails among the workmen, and they
continue to absent themselves from the works,
while the undated stagnation of business affords
no prospe CT that the masters VIII be enabled to
give way TO their demands.
The GOLFERS and miners are also partially on
strike and few disturbances have taken place
in the neighborhood OF Kingswinford and Dud-
ley, by the exhibition of violence on the part of
the unemployed against the more reasonable Of
their companions who have returned to work
From the evident intention to commit outrage, "
was judged expedlent, In one instance, to send
for the aid of the military, but the mob having
accomplis shed their ends OF intimidation, quietly
dispersed.
So great is the distress of the working classes
at Vienna, that the funds of the publ pawnbrok-
ing establishments have been exhausted by the
numerous advances ich it has made on pledges,
and IL has consequently contracted q loan OF
100000 forms (about El04,000.)
The people of Venice and Milan amuse them
selves by writing words applauding the Pope on
all the dead walls, and the Austrian authorities
are forced to employ number of men to white
wash these obnoxious inscriptions, which are
regularly etlaced In the morning, and as regular
ly rewritten during the night
Letters from st. Pete rsburg in the Hamburger
of Russia has returned with increased Violence
lie has been compelled to keep his room for Sc.
veral days.
1t is said, that the week before last there wer.
10000 persons laid up at Madrid with infiuen MA.
The King of Sweden has taken umbraes n thu
conduct of France, Austria, and Prussia neglect.