The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-06-19
~ e. From The N. " Times.
Europe Interesting Extracts from our English
3 MGyAs4E sfrsN. Files. Hw|

Europe -lntorcuttnK Extracts from our English
trrom Money Article Of the London riuas. June 81
Al the breaking up OF the bank coutt to-day, At Was
announced that the rate OF Discount bad been advanced
from three per cent which il has stood since the Goth
OF January, 10 three and half per cent The nofca
ton, however did not produce any violent effect the
prices of the funs, the heavy speculative sales which
took place Yesterday athe termination OF the sitting OF
the committee OF treasury. from which in such cases
preliminary recommendation usually proceeds having
created certainly the part of the dealers that the
measure had been fully resolved upon. s6t
With regard 10 the policy OF the STEP il is only
sary 10 repeat that the bank must be the best Judge,
since the public unacq uainied with the absolute
tent OF The immediate demand Tor accommodation by
which it considered to be rendered necessary Look
ing at external ircumstances-namely, the complete
check given lately to all foreign Investments, the arr
walls OF gold during the week IRON Australia. the proba
b.lily that these will continue without further counerac.
ton from drain OF coin, the remtances from Russia
and The renewal OF favorable rate of exchange with
Ameica-there was little to lead 10 expectation of it.
All these considerations however, useless against
the practical evidence OF supply and demand III The
bank can lend AS much money they have TO spare
three and half per cent upon the best paper, il is
general rule, their business 10 look TO that fact alone
In the present case they have had additional induce
ment from The certainly that demand upon their
sources will be experienced from the government, in
nexion with the payment OF the exchequer bill dssen-
en, sufficiently large 10 render necessary that they
should curta their advances in other channels Under
this view, il is possible that the proceeding may have
been adopted with Tue certainly that the Increased
rate will soon he so far beyond the charge out OF doors
to check the discount business OF the establishment
On the part OF the banking interest, and the public gen
eray feeling unquestioaaby prevails that The demand
for money likely 10 diminish rather than TO increase
London Times
THE VANDERBILT STEAM YACHT NORTH STAR
SOUTHAMPTON, Thursday.-Tbe American steam yacht,
North Star into the tidal basin OF the Southampton
docks las, evening" and to-day has been the object OF
general attention. Her appearance, construction, and
equipment present many novel and curious features TO
English naval men, that many opinions have been ex-
pressed as 70 her merits Most Of The oId-iansed no
tons OF builders OF English ocean steamers
pleely discarded in the North Star; and although may
be questionable whether the adoption OF much of The
principle OF tho American lake aud river boats into the
uses Of TRANSATLANTIC steamships as in The case Of the
North Star is IN the long run desirable yet il is certain
that this beautiful ship is in the highest degree worthy of
attention, and that many points, particularly those in ref
erence TO her model and water lines, are emneny cal.
cnlaed 10 convey useful hints TO builders and steamship
owners on this side, who have been repeatedly ard
thoroughly beaten in The great race OF steam navigation
going on between the British and American steamships
The external appearance of the North Star from the alb
sence of bowsprt and hguehead and the abrupt term.
nation OF The bow OF the ship, which is quite perpendcu
lar is different from that OF any OF the English steam
ers, and is certainly foreign to the ordinarily received
views OF ship shape appearance on This side OF the water
Her model is, however, the perfection OF nautical beauty,
and gives promise OF the highest speed at the least
pendituIe OF motive power The public freely ad.
med on board, and the ship IS exhibited BY the officers
with The greatest courtesy The fittings OF The cabin are
the especial theme of admiration of most OF the visites
and il is difficult to believe that any royal imperial
yacht could be supplied with greater luxures
nences, or with greater taste and elegance With re-
gard TO the machinery, although its excellence in
oh nca point OF view is admitted by engineers, yet
aside all preconceived notions the desirabty
OF working the cranks at great elevation deck on
board ocean-going steamships, The English eng-
nees seem hardly disposed 10 recommend the adoption OF
the principle foeseeng that much danger OF damage and
arrangement is hazarted by having much ophamper
on deck in heavy weather. The rigging OF the ship is
very slight and hardly under Inc denomination OF
- he Americans Tu tn n.
machinery as the sole poPeling power, and using sails
merely for the purpose of seadyns the ship in seaway
THE TURkr.H DIFFICULTY
| The Paris correspondent OF the Times writes as fol.
lows concerning the rejection by the Porte of the de-
mands Of Prince MenschkoG:
private Geographic despatch has been received in
Paris to-day dated Trieste, the 3s, OF May, announcing
"the arrival al Consiantnople ot Count Nesserode from
Russia" No date, however is given for the arrival of
the Count at Constaninope This despatch is as de-
scribe 1t, private; and whether True or Otherwise, (or
ats accuracy cannot voueh) it at all events produced
favorable effect on the Bourse.
Letters from Consantnope OF The 10Th OF May had
been received They state, OF course, that diplomatic
relations with Russia have been suspended, and that
Redschd Pasha announced such to be The to Prince
Menschkoh on The morning OF the 18th.
The resolution OF the Porte had been come to imme-
dIaely after grand extraordinary council, which lasted
two days-ihat is the 18th aud ashland 10 which had
been invited all The minister's the civil and military
6his, (functlonaries) Cazaskers &c They assembled
TO the number of 81 having the aged Khosre and Raou
Pashas at then head Among the former ministers were
observed RIA Pasbs, Safety Pash Nafuz Pasha Fuad
Ehendl, Schekih Edend. Chekh Bey, liver Edendi sc
The discussion long, and the more eminent OF The
persons assembled spoke more than The letter de.
ciaes that the negative reply the question oil the Rus.
sian poleciorate was unanimous, though, | believe,
oil the persons present supposed have had
Russian tendencies. Lord SraiforJ had been received
by Redschid Pasha with whom he had long conference
The suspension OF diplomatic relations took place on lbe
lSh, oblcousy, and on the 10Th officially Omer Pasha
had received orders 10 repair with all speed with di
vision OF the army to Shumla The Redif,, or national
militia, TO the number OF 900 000 had received orders to
form themselves into several camps One TO
sembe al Ruscbak and the other Broussa in Turkey
IN .Asis the place OF residence OF Abd-e kaJer The
fleet, under Achmet Pasha was expected al CONSTANT.
nope, and that OF Abbss Pssba about the time
While the cabinet council was being held. the chiefs
OF the corporations were summoned. and informed OF
the rupture OF diplomatic relations with Russia. They
were at The came time admonished act with prudence
and moderation. TO advise all those in their employment
to resist eyefyinducement 10 disturb political tranquility
and TO disregard the false that male role nj people
might put IN circulation.
second letter states in addition to the above III al
the Sutan after the cabinet council over
10 the ministers and the assembled fnnciionaries brief
speech lie said that he had with his government done
all that depended him TO maintain with honor friendly
relations with Russia that he could not do more unless
he consented TO his dshonor that he had strong hopes
the affair would be arranged amicabiy but that ii il were
the will oil God that should break out be would re-
member that he the Of the Suans, and that he
should do his utmost 10 show himself the worthy de-
scendant OF his ancestors These words is said, pro
duced great effect the persons to whom they were
very warmly of the patriotic ardcr" exhibited n the
Turk Ish capital all classes and the nj