The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-03-24

fa're, snd the bad news from India /; bat cons0s
it will be seen, still sta I'D at the high hgure.
The bank shares OF the French bank have been
pushed up enormously during the last fortnight;
and now that politics in Pans have become more
settled the fears which were at one time felt for the
maintenance OF public credit have subsidized. The
| rise in French bank shares is no less than from
l.7oO to $500 francs. .....
The London money market continues easy
Discounts Of best paper range from 24 81 per
cent. Consnls tor money, lowest 9is. highest
and closing, 81 for account, lowest 9lt, highest
and closing 92s American stocks fully maintain
their prices. 1t was expected that when the news
of The rise Of U. Sc per cents to lo4 reached New
York, that there would have been corresponding
rise there. Had this SO, then another rise
here would have Inallibly followed That the Penn
syIvania dividends have been paid cne-haif in relief
notes, has bee n source Of unmitgated disgust to
the holders, who consider that Pennsylvania could
have paid If she would; and they polat at the re-
verse conduct of Maryland, which, with more or
Jess resources, does not avail itself of such pslty
,ub'ertuge 10 pIunder foreign creditors. Pennsyl-
vauIa, 76 a II; Maryland, 81 a IS.
| Interesting Proceedings IN the British Par
| lament. s .
In Parliament, on the 26th ult, Mr. Golden, in
| speech OF the most temperate character. brought
iorwad his long heralded financial reform budget,
| the main object of which was, to cut down our
| expenditure 9lO. oo0, 900 per annum. He was met
| by the Chancellor Of the Exchequer, who adduced
an epitome all the arguments which, during the
last two months, had impaired the strength Of Mr..
| Cobden's suggestions. The debate which followed
falsifed all the expectations entertained by the
friends of the financial reform champion. 1t Ian
guished from the beginning, and the question was
| disposed Of on the same evening-Mr. Cobden's
amendments being rejected by majority of 1917
| the number being 275 to 70. Even the radical
papers admit that one.half of the 70 would not
have voted for the amendment if they had imagined
that it would have been carried. As far as Parlia-
ment is concerned, the project of Mr.. Golden was
decided upon. The journals In his interest have
| abated their tone of defiance, and now say-what
all Enelishmen have agreed upon-that retrench-
| ment should be carried out in every wise and ju-
| dlcious manner.
The protectionists, through the mouth of Mr.,
D'Israeli, are making an effort to moot the ques-
ten on agriculture. They have placed melton
ON the paper, declaring that taxation tor national
purposes would fall mainly, If not exclusively,
uIon land and real property; that this apportion-
ment Is aggravated by more than one.third OF the
whole revenue being derived from the excise on
| agricultural produce, now exposed to the cdmpe-
,iuon Of the untaxed products of other countries,
thereby limiting the demand for British produce,
| and lettering trade and industry. The presump-
ton ls, that the discussion Of the subject will
merely raise the question of agricultural burdens,
without leading to any Legislative result. s
In foreign affairs Lord Palmerston has been sup
| ported by Parliament In the course he has found
himself compelled to take, especially IN the Siclliau
disputes. au.
Mr.. Dummond's transfer of property bill has
been read second time, but 1t can, we fear,
scarcely struggle through both houses.
Amongst the useful bills which are in progress
through Parliament, is one facilitating the transfer
of policies Of assurance. BY this bill, tho most
simple assignment with registry will suffice to
make legal transfer without deed.
An important document has been laid upon the
table of the House of Commons, showing the dis
position of the various governments Of Europe to
reciprocate similar advantages with those we pro-
pose to concede to them, by the abrogation Of the
navigation laws. Austria promises to instruct
Count Colleredo on the subject Belgium Is not
prepared to abolish differential duties, as Bel
England. France adduces her well known liberal
and friendly disposition as an earnest of her en-
deavor to do all in her power to reconcile the lnte-
rests of French commerce and navigation with
the principles OF perfect reciprocity invoked by the
English government. Greece declares her CON-
merce free except for coastng trade and no restric
tons there contemplated. Hanover avoids expli-
cit answer; but Hamburg, Bremen and Holland
all decIarefor freetrade. The Portuguese evade an
answer by referring the case to the fiscal authori-
ties. Prussia promises perfect reciprocity; and
Rrussa asks for reciprocity when she will also
concede equal advantages, reservlng the coasting
trade SARDINIA, Sweden and Norway are gene
rally favorable, and the cabinet of Washington
promises an early answer to the points submitted
by Mr.. Champion on the 10th OF Jan. last. That
this reply will be satisfactory Mr.. Bancroft's as.
surance leaves US no reason to doubt. The debate
on the Irish law has prevented the navigation laws
being resumed in the early part Of the week; but
the subject stood for discussion last night when
Mr.. Labouchere was to move the second reading
of his bill. .n.
Dreadful shipwrcck and Loss of Life.
The frightiul wreck of an emlgrant ship has
taken place on our coast, of Harwich. The bark
Floiidian, OF 900 tons, E. D. Whtmore, master,
from Antwerp for New York, the property of
Messrs. E. ID. Hurlbut d Co., chartered by
German company to convey emigrants, was wholly
lost on the 18th ult., and all on board perished.
The master and crew, except three men, together
with l26 passengers, were drowaed. l26 green
hides, l25 cases glass, and various other articles
from the wreck, were carried into Margate on the
4th instant Other articles also reached Ramsgate
on the same day.
Great Battle In india.
The details Of the late warllke intelligence from
India are repete with more than ordinary interest,"
but we can at present make but brief alluslon to
the subject. The Bombay Telegraph says another
murderous conflict with the Skhs has occurred, on
the Left hank of the river Ihelnm near aa anna