The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1851-03-17
Further News by the Pacific.


The most important item of political news is the
resignation of the British Ministry The ministe-
rial course on the Catholic question probably led
to this, though the immediate cause the defeat
of the Ministry, by vote of ten to one on the
motion in regard to the election Of franchise. This
defeat took place Thursday evening. On Fri
day, when the budget of the Chancellor of the
Exchequer was called up, Lord John Russell
asked that it might be postponed until Monday,
declining to give his reasons for the request Soon
afterwards the resignation was announced, as
follows
The budget has been Withdrawn, and it is
reported confidently about the House of Parliament
that the Chancellor of the Excheuuer has resigned
that Lord John Russell, it IS understood, has also
rendered his resignation, and that Sir John Gra-
ham, on the Premier's suggestion has been sent
for. Great excitement prevails, and an
nounces all kinds of dubious reports
The event happened too short time before the
sailing of the Pacific to afford time to form specu-
latons to the new Ministry.
The Times in announcing the resignation says :
Lord John Russell has rendered his resignation
to her Majesty, and only holds the office till another
government can be formed. The extensive loss of
parliamentary confidence, or rather parliamentary
sympathy, which his Lordship and colleagues
have evidently suffered of late, has probably pre-
pared the most OF our readers for this event"
RussIA.--The Hamburg correspondent of the
Times informs on the authority of travellers who
lately passed through Poland, that an enormous
| Russian army had been concentrated in an impos-
| ing and menacing position in Poland, and that ru.
mors of an important expedition are freely circu.
| lated among various corps of that army.
TURKEY.-It is ssid thar Dembinski has beer
sent 10 Cons'antnople, but that Kossuh and other
| are still at kutaha All of the refugees had lel
| Shumla.
EGYPr,-A telegraphic dispatch from Vienns
| says
1.-The last news from Egypt is of the highest i'm
portance The Sublime Porte has addressed cate
gorical demands to Vice Ray, which the latter re
| fuses to comply with. Instead of reducing hi
army to 100000 told, he ordered levy of 40 00t
land troops, and Is, 600 for fleet. He is deter
mined to oppose any aggression of the Porte BY
| arms
1t is thought not unlikely that the Eastern ques
| ton will assume serious aspect.
LIVERPOOL MARKETS, FEB. 2l.-The trade il
iron continues quiet as last reported. No change ir
prices, and there is no probability of any imne
date alteration.
Our Cotton market was exceedingly depressed
accounts by The franklin having been to-day re
celved by telegraph, reporting an advance in price
in Cotton at New York, the demand has becom
active at full prices of The last circular for fair, ant
an advance of an I'd per lh. in the lower and mid
ding qualities Quotations are, fair Orleans n
fair Mobile IL fair Upland ID, middlng qualite
81 to I'D. The stock of Cotton in the mar ct
estimated al $4,000 bales, of which $4,000 ar
American, against $4,000 bales last year, Of whic
| 32l 900 were American.