The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-12
MORNING EDIIION----MONDAY JULY 12, 1852

sation The last steamer will have brought you Giles
tanning the scandalous revelations made ut the trial
Religious controversy runs high on the subject.
Johanna Wagner has left London without singing
Grisi has taken her part Fides in the "Prophete'
Lumey has brought action for damages against Gye
The French Legislative Assembly closed its first session
yeserday-or rather closed by message from Louis
Napoleon His aid. d.de-camp Colonel Ney brought the
message sealed to tho Paa Bourbon and then left the
Assembly
The Sandman and Prussian Chambers are upon the
Count d. Orsay is dying lie has been ordered by his
to Deppo for the benefit Of the bathing
but little hopes entertained OF his recovery
Yesterday was the fourteenth anniversary of Queen
Victoria's coronation.
No fewer than 246 sail of merchant ships entered in
wards yesterday at the Custom House. Of these Q3
rived from foreign and colonial ports az coasters
including the regular trading steam vessels and Ill
colliers.
The King of Sweden is expected to arrive shortly at
Kissngen.
A letter from Berlin, of the 22d says
% Sreo w in s % be %
Holland and Belgium These soveregns Will perhaps meet
chateau Of stolzenfels
Letters from Bele-Ise state that Blanau Is danger
Belgian journal states that Madame LaIarge accom-
panied by Madame dc Bocarme and her arrived few
days ago at Anvers on their way to Lille They visited
together the principal places of interest in the town and
the objects Of great curiosity at railway stations
which, however they bore with indifference.
A treaty Of friendship and commerce has been con-
cluded between Great Britain and Abysnis according
the which British merchants and subjects ar,
placed upon the same footing the subjects and mer
chants OF any other country.
NJ Theirs arrived at Geneva on the 2oth and left til,
next day for Vevey He intends passing the Of he
year at Carens and finishing there hs History of the
Consulate and Empire" His family is to join him there
During the stay of M. Theirs at Turin the Academy OF
Sciences held special meeting in his honor the minis
ters invited him to dine with them and complimentary
speeches addressed to him ut the Museum of Art
lery
News from Australia.
There has been arrival from Melbourne at London,
the Admiral with Port Philip advces to the 3lst of
March having sailed the Sd of April 1t was reported
that gold field had been dscoe,ed at The Pyrenees and
ot some thirty forty diggcrs already at uork there
The price of gold had fallen in Melbourne to Cd the
ounce. 1t seems probable from the advices now re-
ceived that neither Mount Alexander Ballarat will
long continue first in estimation The probabilities are
decidedly in favor Of Mount Cole and Mount Emu the
future fields Of favor At meeting of the Chamber Of
Commerce Melbourne body Of the most intelligent of
the inhabitants Of the city said to have arrived at the
opinion and to have carried unanimously that any at
tempt the part of the banks to purchase gold would
be infringement the business of the merchant
deviation from the principle Of banking" 1t does
deed strange first glance that any body Of in.
tegent men should arrive mt such a conclusion; but
when consider that the meeting the most part
consisted of gold buyers who have for long time been
reaping rich harvest in the novel traffic cannot
much wonde at their acuteness the Infringement
on their business. These gentlemen have not thought
worth their while to remember the multiplicity of gold
obbers gold buyers and gold shippers who have of late
been making large profit out of the labor of the gold
digger III never crossed their minds either that the
of wool not well able to afford five per
each to these middle up to the third degree. and
to pay ten per cent for his advance, the lucky
digger Of gold. Truly ii is surprising that expe-
rienced merchants should have mooted and carried
such resolution the above. Does not every
Of them know that the dealing in bullion part
of the routine of banking in all quarters world
is much the business of the banks the dealing
wool is that of the merchant and If the has right
to deal in the material of his cloth has not the other
equal right to deal in the material Of the
rency Are they not that the very gold that they
send to London is purchased by the Bank Of England
AT Sydney, the price of gold the decline, and
had been sold as low OBS Sd the ounce Apprehen-
sions entertained Of monetary crisis Tho banks
it is said had exhausted their available means, and
declining TO advance COLO thing like the present
prices The exchange England will probably fall to
10 per cent there being at present competition. In
fact the whole money market is completely in the power
of the banks and 1t asserted that unless influx of
capital should in to relieve the pressure the price
of gold, well Of other commodities must suffer a
temporary depression The state of trade Is much the
sameif anything, rather doinsbut feature Of
Importance one way or the other
Accounts had been received from Launceston to the
10th Of March inclusive which confirms the report of
gold having been discovered within The colony but in
such small portions that it would not pay for the labor
required to obtain it great number of persons how
ever out prospecting with the hope of finding it in
greater quantity.