The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1848-01-04
ARRIVAL OF THE HIBERNIA.

The steamship Hibernia, arrived Friday
uorn;ng at about 3 o'clock, in 20 1-2 daysfrom
Liverpool.
The European Times Of the 4th says 1t
is gratifying to be able TO announce that
marked improvement has taken place during
the past fortnight in the aspect of our COM
mercial affairs. The value of public securi-
ties has advanced, and there has been less
stringency in the money market generally.
The resolution of the Bank of England to re-
duce the rate of interest to 6 per cent, which
was promulgated on the I'd instant, will tend
still further to restore confidence, and enable
holders of produce to sell their various COM
modities on more favorable terms
At present, however, the markets for foreign
and colonial produce are depressed; anu TINS
fact, coupled with the failures which occur al
intervals in all parts Of the country, throws a
gloom over onr prospects, which the anchors I;
ton of the money market does not enectuany
remove. In the manufacturing dlstncts, there
is somewhat greater activity, with more hands
employed, whilst on the other hand large bod
les of men are being discharged from the varl-
Gus railway works which have been suspended.
Forty-three failures have occurred in Eng
land and on the Continent since the sailing OF
the last steamer.
/. ASSEMBLING OF PARLIAMENT & SPEECH
OF THE QUEEN.-On Thursday, the 18th
ult. the Imperial Parliament assembled at
Westminster Mr. Shaw Lefevre was re-elect-
ed Speaker, and the remainder Of the week
was occupied in swearing in new members.
On Tuesday the Royal speech was delivered
10y commission.
The Queen, in her speech, explained that
the mercantile distress of the country was the
occasion of her assembling the Parliament, and
recommended measures OF relief
1t is satisfactory to state that the Royal
Bank of Liverpool, whose payments were sus-
pended about two months ago, reopened its
doors on the lst inst, for the transaction Of
business.
From the manufacturing districts the latest
advices are more encouraging
IGELAND.-We regret to state that crimes
and outrages continue undiminished in Ireland.
The state of Tipperary, Clare, Westmeath,
Kings County, Roscommon and Limerick, is
most deplorable.
FRANcE-Numerous meetings continue to
be held in all parts of the country in favor OF
electoral reform.
The Prince de Jonville has resigned the
command of the Mediterranean squadron, the
ALLEGED cause of which is i'll health.
IrALY.-The convention between Pope Pi-
us TX, the Grand Duke of Tuscany and Luc-
ca, and the King of Sardinia, for the foIma-
ton of an association on the principle Of the
German Commercial league, will, it is antici-
pated, tend to fuse the common interests OF all
Italy upon a true and essential basis.
SwITZERLAND.-The revolution in Swift
erland is rapidly progressing. The jesuits are,
as they doubtless deserve to be, marked OBJ
iccts of determination.
RUssIA-THE -Oficialaccounts
from St. Petersburgh, dated the 18th ult, an
nounced that the cholera had made fresh prog
ress at Moscow. Between the 25th October
and 1st of November, the number Of cases dai-
" increased, GAL persons having been attacked
during that period, 23S Of whom had died.