The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-18
DOU BILE .SH E E II
new York, Saturday, December Is, 1854.
The News.

New York, Saturday, December IL, 1854.
The News
The Cunard steamer Europa arrived yesterday
with three days later news from Europe, and in
another part CT our paper we give full details of the
intslligsnce. 1t will be sesn that in the British
House Of Commons, the Chancellor of the Exchequer
has unfolded the budget which has been so long
and so anxiously awaited. AS might naturally be
pocted, from the character ofthe and the princi
yles Of the party with which he sconnected this bud
get betrays decided tendency towards protection
for arstoeraic interests under the specious prsext
Of relieving thu agricultural portion Of the commu
nifty. The dishonesty of the whole affair is SO pal
pAbly evident that there is very little likelihood Of
its decsiving the dominant free trade party, and.
therefore, we shall not be surprised if we receive
Der the next steamer, accounts of the total over
throw Of this Derby. Disraeli ministry. As was
generally anticipated, the ceremony of making an
Emperor of Louis Napoleon has been gone through
ct Paris. From the other portions of Europe the
news is unimportant, but in commercial sense sat
iafactory, for the markets continued steady.
yhe Africa's news was not made public until
high Change at p n ,stoo late in the day for its
fall effect on the market to be developed. Afterit
was known, sales of -four were make at an advance
Of 1876 25c. Wheat was held at 40. &c. per
bushel higher. Indian corn closed about the same.
Cotton was unchanged by the news, the previous
advance being maintained
BY the arrival of the steamship Black Warrior,
We have been furnished with twelve days later in
teligenoe from Cuba, full details of which will be
isund elsewhere. This news, though not what may
be elassed important, is nevertheless very inter-
sstipg for the that it discloses some Of the
peculiar considerations of circumstances that must
eventually result in the overthrow of the Spanish
dynasty on that island.
There are ten days later news from Mexico in
this Mornings HERALD That republic is in a bad
way.
We exceedingly regret to learn, from one of our
special Washington correspondents, that fears
entertained that the Hon w. r. King will never re-
ssver from his present illness Indeed it is said that
his successor as Vice President is already the subject
Of conversation in that city Let hope that Mr. h.
win fully recover and be able TO perform the duties
Of the office to which he has boen elected by the
people. Within the past two years we have lost so
many Of our distinguished and loDg-tried public
men, that it seems hardly possible we can 80 soon
be called upon to part with another
speculations rs to who will compose the cabinet
Of General Pierce, still all the rage in Washing
ton, as well rs elsewhere. One Of our telegraphic
despatehes strengthens the belief that the General
win not favor any New Highlander with an appoint
nent, for the reason that he thinks that section
will be well represented in his own person. There
Is no doubt about that.
After very short sitting, the House OF Rspresen-
tatlves, yesterday, followed the Senates example,
On the day previous, by adjourning over until
Monday. Two weeks Of the short session are al
read, gone, and rs yet nothing of any actual i'm
portance has been done, with the exception Of the
passage of the act amending the Appropriation bill
Of the last session, so as to permit the Mexican
bound airy commission to continue the survey Of the
rivers ella and Rio Grande below Ell Paso 1t is
hardly probable that even this measure would have
run through both Houses it did had it not
been necessary for them TO efface joint and most
Elaring blunder. In addition to the foregoing, the
House yesterday passed the Senate bill authorizing
the Secretary Of the Treasury to grant registers to
foreign built vessels that have been wrecked, aud
Afterwards purchased by Americans, and repaired
at expense equal to three fourths Of their origi
nal cost. Bills reported and referred for the
support Of the Military Academy and the Indian
Department. Objection was made to the presensa~
tion Of the memorial of Mr.. Abeard Guthrie, to be
admitted to . seat as . delegate from Nebraska
territory, SO the matter lios over. No matter, it
will not be grea. while before the citizens Of Min
nesota, New Mexico, Oregon, Nebraska, Platte, and
several other Western territories, will be represent
ed as States in both Houses Of Congress. Some of
them are already knocking at the door Of the
Union, and must come in.
Mr. stanly yesterday asked, but did not obtain,
leave TO introduce into the Houee bill to pay the
fourth and last instalment Of the money due to the
several States under the act Of lS36-amountng, in
all, to $9, 367, 2l4 SO. The cum coming to this
State, under this famous surplus fund distribution
measure, amounts to 81 ,33S, l73 81. 1t will be re-
menbered that, during the last session, Mr. Stanly
proposed that the aggregate amount should be In
vested in i've per cent United States stock the un-
divided interest Of which was to be devoted by each
State 10 the transportation 70 Liberia of the free
eeored people within its respective borders Should
any State decline to fulfil the sipulations Of the
ast, il would receive no interest for its stock and
under any circumstances, the principal was not to
be paid so soon as all free negroes should have boon
removed from State, the balance OF the money
due thereto was 10 be aprropra led to internal in-
proysments wthinits limits, TO the education of the
poor, in any other manner that such State might
seem proper. This seems TO be rather an extensive
but at the Same time very feasible plan Of promot-
ing the cause Of colonization. IL would doubtless
assiss many colOred people TO reach land where
shey WOsld be treated as equals by all classcs-but
the great majority Of them enjoy too many blessings
We've they nsw 70 fcol any desire for change
FilD sgssero principles 40 not appsas " meet With