The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-05-06
The NeMa.


sonages, but Of few facts having decisive bearing
on he progress and prospects CT the war. Another
attempt at mediation, on the part of the King of
Prussia, is spoken of, and the statement wears an
air of probability, from the fac: that the Count de
Hatzfeldt had an interview with Louis Napoleon on
The 18th, in which he presented autograph letter
10 the Emperor from his master. The departure of
the Duke of Cambridge for Vienna, instead of his
taking the direct route for his destination, by Mar
settles had created favorable impression on the
Paris Bourse; but it is probable that his visit had
no more important object than that assigned to it,
namely. TO present letter of congratulation from
the Queen TO the Emperor.
Byths arrival we have received the text of the
treaty of alliance between England and France
which has just been ratified in London, and which !.
corresponds in all important particulars with the
description forwarded to by the previous steamer
by our Paris correspondent. AS far words go
this instrument seems TO promise the continuance of
good understanding between the two governments;
but heightened occupation of the Ottoman terrific
res will open up obiectsto their ambition ard the
direct interests of England in connection with Egypt
viii in all probability eventually render it SO much
waste paper. It is also announced that the treaty
Of alliance offensive and defensive, which was ne
gotiating between Austria and Prussia, signed
ia possession of its details. Notwithstanding the
hast protocol signed by the four Powers, and the
treaty which binds Austria 1 Prussia to a
course of action, considerable uneasiness still
10 be felt both in Paris and london to the sincer
ty Of purpose that animates those governments.
The progress of eventswill ane decide their
We copy from the 81. PEI srsburg Gazette two
documents that will be sead with interest-the one
vndicaton Of Russian. policy in the East, and the
other the Czars explanation FOR such it may be
regarded) of the secret cor espondence with the
British Court, respecting he aadition and heritage
Of "the sick man.
In another part of our gaper viii also be found
an article from the London Gipic, ministerial pa
PERI the rights of neut-als in which the writer
makes the slight, but douh$ irtentional, mistake
Of putting forward the New Y0rl Chamber of Com.
merce as the representative OF IL opinions of the
American people on this question. The conduct CT
this body in taking purely COM lercial-and con
sequently narrow-view of it, and in abandoning the
really vital principle ut stake, does not entte them
TO such distinction The spectacle of the first Rus
sian prize towed into English pot was presented
10 the good people OF Portsmoutb,o the 2lst, and
t0rew mem sipfP Of about $40 tons, den with salt
From the Danube there is nothing a. importance.
"A report by 0mer Pasha gives n SOB swhat differ
ent version of the detalG of the passage of the
Danube by the Russians from that pubi1 hed in the
official organ Of the Gar
In the Baltic the squaslron under Sir Charles
Napier has made good many prizes amongst
Russian merchantmen, but collision has yet
taken place with any portion Of the feet. This tar
dness the part of the free ting old Cor modore
is explained by.a report which he has addrcs to
the Admiralty, in which he con rms the local diff
cutes that 1t was anticipated he would have Il con-
tend with in the Bantic. The French Baltic s uad-
ron has sailed from Brest for its destination.
II is affirmed, bat the statement wants coniyna-
ton, that Denmark Sweden, AM Norway have
executed treaty with Russia, ing themselves
not TO permit more than four ships Il enter ut enc
any of their harbors
The news from Spain IN connection with Cuba is
Of great Importance. We refer 10 it at length in an
editorial article.
Another illustration of the financial shifts to
which the European governments engaged in the
present struggle will be driven, by the heavy drain
on their resources, occasioned by the extensive
scale of the ornaments which they have BEEN COM
PEELED to set on foot has just been presented in a
qsarter where it was least expected. Notwith-
standing Mr. Gladstones recent confident statement
in the British Parliament Of the suiicency of the
fnancsl measures which he then proposed to meet
the present exigencies of the war expenditure he
has deemed il necessary to resort to another exped
ent TO provide against contingencies, which, we
presume, hs subsequent experience has shown
him are neG at hand. An Official notification
from the Treasury announces the issue OF three |
separate series Of exchequer bonds, amounting
altogether to $50 1909 900, and terminabe respective
ly on the sth Of May,ls5s sth OF May 1852 and sth
of May, 1850. The tenders viii be understood TO be
made in exchcquer bills; but subscribers will be al
lowed the option Of paying money in lieu of exche-
quer bile upon paying one shiIhcg for every Gl00 |
paid in money. The explanation OF this measure
is to be found in the fact that, owing TO the Con-
tnente demand, heavy drain is taking place in
the bullion OF the Bank OF England the decrease for
the week ending April Is amounting to no less than
fG29,729 IL this progresses in the same ratio It il
evident that without extraneous aid, such % il
now propo.ed the resources of the Bank would be IL
sufficient to meet the temporary requirements Of the
government; and as ofprecaution it reflects
credit on the Chanceor's foresight As this Issue will
from its action on the money market assume SOME
what the character Of a government loan. Mr..
Gladstone has prudently chosen period for IL
emission when the popularity Of the war will rem.
der II easy Of operation. II is not prcsumabe that
his recent calculations have been founded on srch |
incorrect data as to leave him in any present want
OF funds; but the events of the next few months
might possibly place him in that position and n il
better to be prepared for such contingency than
TO be compelled to appeal for assistance at a time
when unexpected reverses aud calamities might
have damped the popular enthusiasm and produced
a depressing influence on the money market.
The markets for breadstufs and provisions con-
tinued firm, but cotton was subject 70 slight auc
tuations.
The foreign news had effect Of moment on
our -four market yesterday. Owing to the light
stock and good home demand, prices continued to