The New York herald., 1849-02-12
TWO CENTS.

accounts do mot, however, furnish any proofSof
the increase of trade IN Paris. The decrease Of
commercial bills is enormous, the whole amount
remaining in the portfolio of the institution being
but fitty.ive milons--not more than one thiYd tho
amount usually hand at this period of the year.
The stock of bullion, however, still goes ON in
creasing, and it currently reported that the bank
intends sho tly 10 resume payment of al its notes
in specie
The intelligence that eleven steamers were pre-
paring at Toulon, with orders to sal without mo-
ments delay. was received at Liverpool on the l4th
tons were also reported Rumor naturally ascrlbcs
these demonstrations as indicative OF armed il
teIventiOn in favor OF the Pope.
The steam vessels were adapted carry from
10000 IL, COO men but up to the latest moment no
order for sailing had been received, and either a
change OF policy had taken place, or, more pro-
badly, the expedition had been altogether aban-
doned There was, however, an uneasy feeling,
and 100000 muskets had been ordered from the
manufactures at ST. Erlenne. The m Tin cause OF
apprehension was, however, the conditio IN OF the
French finances
M. Passy, the Minister of Finance, had pub
lished his budget tor lS49 by which, including the
deficiency of lS4S, there will be a total detcit OF
f7l5 OO0 900 at the end OF lS4Y. strenuous effort
would be made by the French ministry to effect
some comprehens plan OF retrenchment.
The red republicans, perceiving the ground
giving way under then were making great efforts,
and at Lyons were casting musket balls aud pro.
viding gunr owder for stand up tight. Their pre-
fence was resistance to the re-actlOnary party in
the Assembly. The clubs In Paris were again be-
coming active, and it was said that some severe
measures are contemplated for their complete sup
preesion. The cOnsplrators of June were to be
forthwith tried by the High Court of ustice, which
was expected to assemble at Burgois:
The last closing prices OF the three per cents
were 40f 40; the hve per cents TOT. 70.
The Gold Fever In Europe.
The California gold seeking mama has extended
to the Continent OF Europe, and In the ports OF
Germany and Denmark there are already vessels
fitting out tor the conveyance OF adventures to
the aurlierous region. The English journals are
still crowded with adv ,rtisements of vessels
loading, enterprises organizing, and Joint stock
companies forming, all set In motion by the con-
tinued favorable reports from the United States of
the marvellous riches OF the new discovery.
Tho German Empire.
The Frankfort Assembly has fairly cast the ap-
pie of dlscord amongst tine princes Of Germany.
Austria, whilst recovering her rebellious Hunga-
opened TO her, in the threatened rivalry OF Prussia
tor the German throne. Her tenure OF the pro-
vinces of Lombardy will again become, probably,
the subject OF quarrel with the King OF Sardinia.
tied as ever Naples and Sicily is still as far re-
moved from an amicable settlement of their dis;
putes whilst Russia, which has 80 long remained
silently prepared Tor aciion seems deeply plunged
IN ntrlgues, with view to an extensi )R OF her
power towards the SOUTH
The Frankfort Assembly, on the 18th ult., after
several days debate, has decrsed that the dgnity
OF the head of the Empire is given to one Of the
reiening German soverelgns. The decision was
come to by majority OF 25S over 2ll votes. Il is
generally believed that the next vote will declare
the title OF Emperor tn De hereditary, Austria hav
ing virtually Withdrawn from the circle OF central
authority established at Frankfort.
1t thus remains for the Assembly to take the
only alternative left 10 pave the way Tor prince
ct the house OF HohcnzOlern, to the imperial
throne.
Prince Windlschgraiz had entered Buda. Pesth.
without firing shot. Kossuth has retired before
the conquerlng impenallsts, and Windischgratz
insureeht leaders; and confscatoi and cxterni-
Dstion were the order of the day. Martial law
had BE- Proclaimed in Gallicia, in which.direc-
ton the notorious Bem had escaped.
In Prussia, tranquility prevailed, but the dom.-
tic disputes OF the Prusslans kept up certain d.,
gree of excitement.
Denmark has announced her intention to bsr-
bills.
The quarrel about the Duchies remained N stStw
quo.
The Pope demands the intervention OF Austria
TO Ieseat him in temporal power, and both Sardi-
MA and France strongly demonstrate against tins
As tor the Roman people, they seem to have
lost all reverence for the Pope, ecclesiastlc
no less than as prince. The spiritual anathemas
which he had hurled against them, have been
treated with complete contempt.
Turkey.
The Sultan Of Turkey had taken great stride in
religious liberation, having issued decree ac-
cordlng to Christians the privilege OF attaining tho
highest dgDitee, even that OF Pacha and Vlzier.
Important from India.
BY The overland mail, we have dates from Bonn
bay 10 the 10th OF December, with advicrs from
Calcutta TO the 10th, and Madras to the 18th Of De-
~ her md tYnvv,H IN he ~, ~
vember.
The intelligence from the Punjaub Is of much
interest. A sapguinary skirmish has taken place
Lord Cough and large body of Slkhs, who
had taken position. and defended it with obstl-
macy and valor which render them very formidable
Toes.
The affair seems to have been conducted, on the
part Of the British, with less than an average
amount OF prudence, and the mistake which those
in command almost needlessly committed was
only retrieved at the cost of exhausting effort
and OF many valuable lives, including Major Cen
eral Cureton and other distinguished officers. In
what The accounts received call a wwleh, or guley,
but which was In fact fordabe branch of the
river Chenab, the enemy were eventually compell-
ed 10 reure; but as they were able to carry with
them their heavy artillery, camp baggage, and
wounded men, II 10 fair to assume that their spirit
or strength suffered no material check. They
were pursued, but of the subsequent movement no
details have yet arrived.
The Sikhs appeared to be directing their course
to the mountain country. As they willtherc obtain
many formidable positions, a longer protraction
Of the war may be expected. In The meanwhile
attention has been partially Withdrawn from
Moultan, where General Whick seems to have
been awaiting the arrival of the Bombay column.
Interesting from England.
twould appear that the government has wisely
resolved TO meet the wishes OF the people, as de-
monstrated through the financial reform aud other
assocIanons; 10 reduce the expenditure of the
several departments Of the state considerably We,
without lmpalrlng their efficiency. On this sub
Iect, the Londen Times of the 25th, commenting,
IN their city article the rise OF the fupds says
The reductions contemplated in the army and navy
were the chief cause Of the feeling throughout
the day indicating "a they do not only economy, but
ALTO that the OF peace IL relied upon.