The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-31

The foreign news received by the Canada is not
particularly exciting in political sense, yet it IS
quite interesting in a variety of smaller points.
The political affairs of Europe remain in statu quo
The Pope is still the Neapolitan dominions, and
during his absence, the Romans were thinking Of
establishing republic, fact which may hasten
the return of his His Holiness to his capital.
Throughout Germany and Italy, matters remain
quiet. although it Is probable there is great deal
broodiDg under the surface, which may break out
suddenly one of those days, IN some unexpected
quarter, with terrific explosion.
France seems to enjoy tolsrable degree of
quiet since the Inauguration of the new President.
LOUIS Napoleon, with all his popularity and his
tremendous majority, is beginning to feel the
troubles OF his situation. 1t seems that he came
very near, one day. in equence OF mai dpropos
letter which he sent to OF his Minister'S break
ing up his entire cabinet, the members of which
threatened to resign in a body, IN consequence
thereof. The President, however, explained him.
self satisfactorily; but yet two members retired; the
rest continued at their posts From the tone of the
French journals it is evident that there is good
deal of trouble ahead for Louis Napoleon, as long
as the present National Assembly continues IN
session. His friends, accordingly, want a dissolu-
ton OF that body. and the subject has been already
agitated in various ways. One of the most curious
symptoms OF the prese mt condition OF France is,
the movements being made, in the several
departments, to revive their local leeisla-
lures, for the purpose of local legislation,
and with the view Of forming check to the cen.
trail power in Paris. This is most excellent symp.
tom, and indicates the progress of political know
ledge among the French people, as 1t certainly
strengthens the hope that they will be able to main.
tain a republican form of government, without
giving up everything to the central power In Paris
The establishment of independent councils, or 10.
cal Legislature, for the management of local busi-
ness, would be somewhat similar to the system in
operation in this country with our State leglsla-
lures. Such system is most important element
in republican governments, in large and extended
country, with widespread population.
The intelligence from England does not amount
to much. Buslnes seems to be revivlng, and
political agitation appears to be rather dull.
Golden, and the reformers of that class, are
endeavorng to create an agitation, and start a
new movement, under the shape of financial re-
form. No doubt, the terrible extravaganza of the
government of that country, and its vast ex-
pendltures, form sufficient reason tor any class
of society," in parliament or out It, to organize
some plan by which they may be cut down or mo-
derated; but financial reform in England under the
present form of government and the existing for
nation of soeiely, is almost visionary. The SUBJ
traction of a few millions annually from the enor-
nous expenditures, would be only as a drop of
water to the ocean. The most intere sting matter
con ne cited with England which we have rrce,ved
by the last ARRIVAL is the breaking out OF the Cali
fomia fever in London, Liverpool. and other parts
Of the country. The excite ment 1t appears, is az
great there as 1t 10 here; and we should not at all
be surprised to see as many expeditions from
British ports around Cape Horn, to California, az
there have been, or will be, in this country. The
distance from Liverpool to San Francisco, is not
much greater than that from New York to the Same
destination; and we are not sure but that the navi-
cation 10 better and clearer.