The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-22


From the London News July 81
AT a meeting of the creditors of Messrs Shaw
IL Cafiray, held Yesterday, 1t was resolved to ac-
cept subject to further investigation, composition
of 6s Sd in the pound, payable by nstaments of IS
in October, 2s in April, and Is Sd in July, 1919.
The debts $4,000, and the assets eco, 0OO In
! GLIDING Gl2,0 900 foreign and colonies
In the House of Commons Friday, the 9TH,
the sugar duties were the subject of discussion,
and before they rose it was adjourned over to
Monday, the 10th.
Important from the Continent of Europe.
Letters from Palermo, dated 18th, state that Of
fetal notice had been received that General Bus
saco, with 10000 Neopohtan troops, had been de-
feated by the Callbrese, near GONNA.
Bremen, July 4-Dlscount 81 per cent? Ham
burg do. per cent
The election of the Arch Duke John as Regent
of Germany, and the expected settlement of the
Holstein question, had given impulse to bust
ness, and caused in the funds of per cent
The Branch Bank of France, at Bordeaux has
declared dividend on their first half yearly dlvi-
dend of 80 francs per share, payable immediately
The operations ofthe National Bank of Discount,
at Lyons, had only done business to the extent of
800 600 francs for the three months of its existence
LIVERPOOL, July 8, 1888 O'Clock P M.
Our special express from London has this me-
ment arrived, and by it we are in possession of
later advces from Paris and Madrid, a brief sy-
nopsIs of which we append:-
In Paris we find that it was considered necessary
on the day of the funeral procession, (Thursday,)
to disarm large portion of the Faubourg ST. An
tome, in consequence of plot made to assassnate
Generals Cavaignac and Lamoriclere. Not
outstanding the contradiction given, such a
plot seems to have been in existence
! General Oudlnot has been elected President of
the Council of War, in the place of General Be-
deau, whose declinaron of the post of foreign af-
fairs has been complied with.
M Theirs has made another speech in the dis
cussion on the constitution. He is an advocate
for Senate as well as House of Representatives.
He argued that republican government with only
one chamber, would have all the harshness and
rudeness of despotic government. Under fee
BILE President there would be that worst of desoot
isms-the despotism of single Assembly. Under
an energetic President, supported by popular favor
there would be the despotism of favorite of the
multitude and if neither was disposed to weld.
there would be death duel between the Pres;-
dent and the Assembly, without an intermediate
BODY TO soften and concIhate the contest A Sc
cond Assembly, discussing, and even opposing the
decisions of the first, would be liberty ITSELF for il
would be examination, reflection and discussion
He knew, he said, that every new power felt an
instructive aversion for whatever opposed Its will
Napoleon could not endure an hereditary Senate.
and "Louls Philippe, when in 1902 said M.
Theirs, ".tce proposed to hun an hereditary peer
age ,ras as much opposed to 1t as M Car.
Il
lppe and the Emperor Napoleon knew well
that second Assembly, If endowed with he
redtaryship, would become the most RESISTING of
all bodies 1t Is, however. to be understood that if
hereditaryship be the principle of peerage. ei,c.
tiom must be the principle of senate in republic
After this singular revelation-for II was SUNNI.
sed that the peerage for life was forced upon Jou;s
Philippe-M. Theirs proceeded to argue that resist.
ancs saved governments, instead of causing their
fall. Neither Charles Y. nor Louis Phipne had
fallen because of their having been prevented dono
what they willed-they had fallen because ,bo.,
had not met sufficiently powerful contributors
If the exorbitant tenerity of Napoleon. the retro.
grade spirit of Charles ", or the excessive nru-
dence of Louis Phippe-who would COMPRESS the
spirit of liberalism until it burst in his hand
if these had been properly checked, neither
the one nor the other would have met with
catastrophes He would therefore propose that
the new sovereign power-that of the people-
should be obliged to reflect, and not allowed to
execute Its wishes, or follow its phantases. at the
moment Of their conception. M. Theirs dwelt
much upon the example of the United States.
where the Senate had done so much good: and he
declared that he had been urged by several emf
nent Americans-his personal friends-to come
forward and urge the absolute necessity of two
Chambers, if they would really found an ENDURING
republic
M. de Lamartine has addressed letter to the
Constitntionne, giving an indignant denial to all
the insnuations dealt out against him of compiled
~ with the insurgents
Vice Admiral Trehouart Is to be second IN com
mand of the Mediterranean fleet.
1t was rumored yesterday morning in PARIS, that
a collision took place on the night previous, In the
Faubourg st. Martin, In which some of the rioters
were wounded and made prisoners.
Paris generally continued tranquil. Several ar
rests and seizures of arms were made on Thursday
in the Faubourg st. Antoine; and it is said that 1t
was this circumstance that gave rise to the rumor
of an infe rnal machine having been discovered
An army of 10000 men will be encamped near
Paris probably at ST Maur, near Vincennes.
From Spain we learn the expectation of specie
had been prohibited The government did not
think seriously of Cabreras entrance into Catalo-
MA Travellers are allowed to take with them
ego each. The Motemolurts are rising at Bergara
[From the European Times, July s-1PM1
Accounts from Bremen are favorable
The Admiralty Court at Copenhagen had con-
demned several German vessels, and in three
instances the cargoes.
The news respecting the armistlce between
Germany and Denmark confirmed.
Paris is tranquil, and the Government continues
the search for persons implicated In the lnsurrec-
ton, as well as for arms and ammunition