The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-07-03

England.
A dinner was given to Archbishop Hughes on
the evening before the Arctic sailed. The only
report of the speeches, etc., we have received, is
very meagre. The company drank first the health
OF the Pope, the chairman making special disa-
vowal of the temporal authority Of the "holy
father, and asserting very distinctly that his holt
ness's health was first proposed only because he
was their spiritual head. Both averments were
loudly appauded. The health of the Queen was
next proposed, the chairman again repeating that
they "drank the health Of the Pope first only in
his spiritual capacity while sin all temporal
matters they believed her Majesty to have the first
and only claim upon their allegiance
Next followed "the health of Cardinal WISE
man and the Roman Catholic hierarchy" and then
came the Archbishop of New York." to which,
OF course, the Rev. DR.. Hughes responded. Among
other pretty things, the, Archbishop said he could
" imagine how The bieos in America-and there
were some there-wond stare at the man who
should call in question his Dr. Hughes's) right to
call himself the Archbishop of New York" The
very reverend gentleman certainly has had his
right to that title called in question by pretty
considerable number of American citizens, who
are no bigos either. No Protestant that we ever
heard OF was willing TO admit his right to style
himself any thing mere than the Roman Catholic
Archbishop in New York-which title is some
what different from that he quoted.
Three men were killed and seven dangerously
scalded by the explosion of worn. out boiler of
u n III.
morning Of the 7th inst.
VI the great Exhibition, the Globe says that
!" the number of visitors would seem to be regula-
ted in exact arithmetcal ratio to the prices Of ad.
mission. Thursday, with its shilling fee dra WIS its
oo,ooo; friday, at halt.a crown, musters its more
select audience of $500; while Saturday, the
chosen day of the de la creme could not, at
five shillings, get beyond its IL 1873.
The Government had apprized the Mayor of
Southampton that it would defray the expense of
the passage of the ninety Hungarians to NewYork,
and of their subsistence during the time ,hey NAV
remain IN southampton, waiting for arrangements
to be made for their passage TO the United States.
The Cotton Crisis I'm England.
In the last advices it was anticipated that the
present packet would take out news of an impor-
tant failure at Liverpool, and the event was an
nounced here yesterday; The house is that Of
Mr.. K. E. Hyde, who has for long time occupied
an excellent position as cotton importer, and who
is known to have possessed. as recently as January
last, fortune of from 10000 to 100000 Last
year he was very successful in his views of the
market, and it is probably from the consequent
holiness that he is now ruined. For some DAYS it
was hoped that arrangements might be made to
avert direct suspension, and it is still asserted by
those who look favoraby on the case that there is
possibility that, with cautious realization the
estate may yield 20s. in the pound. Persons more
likely to be accurate, however, say that about los
only may be expected. Mr. Hydes total liabilities.
It is supposed, will be found to reach f3OO, 900.
His paper appears to be chiefly in the hands Of
leading houses, with whom it will produce no
serious inconvenience. Some of the loss. il is be-
| lleved, will fall upon your side
Another cotton failure has been announced
namely, that of Mr.. H. w. Schwartz, of Liverpool
| and London, whose liabilities are supposed to be
rather considerable, although their amount has not
been stated Mr.. Schwartz suspended on former
occasi0n-in 1S4S.
a.
there has been long continued depression in the
iron trade, which, now that distrust has been
awakened, Is likewise causing failures. Last week
the stoppage was announced of Finch IL Son. iron
merchants of Liverpool, with liabilities for ElOO.
600, and Messrs d. Dollhouse Il Co., firm in the
same line, have since been unable to meet theiI
| engagements.
markets seem during the period to have manifested
considerable steadiness, while the accounts from
Manchester and other manufacturing districts show
upon the whole better feeling than has prevailed
TOR some time past. This week at Liverpool the
payments falling due will be exceedingly heavy
but, although the immediate effect of the stoppage
just announced may lead to little further mischief
the general impression in London is that no pres
sure OF an extensive kind is to be apprehended ant
| that henceorth business will proceed upon ,
sounder basis, and will be characterized by it
magnitude and uniformity.
| France.
Revision Of the Constitution-The Assembly ha,
appointed its Committee on the Revision of tn,
Constitution. 1t consists of fifteen members sew
en- for the revision, seven against, and one neutral
though rather inclining TO favor the revision
Among the opposing committee men are four mem
bers of the Deit-Cavaignac, Jules Favre, Char
ras and Charamaule.
This committee was appointed in the bureaux
or sub divisions of The Assembly. More than 60
members We're present, and the more prominen
gave their views on the question. Fallonx, a fol
mer minister of Louis Napoleon. improved the oc
casion by making violent attack on the Dljo
speech Odillon Barrot favored revision, and s
did Montalembert. The friends of Theirs opposed
the LIBERAL Legitmisls said they would agree to
1t universal suffrage were restored and Girardi