The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-04

The News.
The steamship Star Of the West arrived at this
port yesterday, from Punta Arenas, with full
complement of passengers and $272 65l in treasure
from California, brought down on the Pacific side
by the steamship Uncle Sam, which left San Fran
cisco on the 5th ult. By this arrival we have inn
portant news from Nicaragua. Colonel Walker
now General Withdrawing been reinforced by
small party Of Caifornans on the 10Th ult, en-
barked at Virgin Bay on board the steamer Vir-
gin, and before daylight the next morning landed
within four miles of Granada After rapid ad-
vance, the little army reached the city and gained
the plaza without encountering any serious resist
ance. Here sharp contest ensued, which resulted
n Q loss to the enemy of fifteen killed and several
wounded and Gen. Walker took possession of the ca
pital of Nicaragua Subsequently the fort was cap
tured by detachment of Americans Order having
been restored, the citizens of Granada held public
meeting and rendered Gen. Walker the Presidency of
the republic, which honor he declined in favor of
Gen. Corral. Colonel Wheeler, Minister to Cen
trail America, after much solicitation proceeded to
Mvas with propositions Of peace. Arriving at
Rvas, and learning that Gen. Corral was absent,
Col. Wheeler attempted to return but was prevent
ed by the Governor and detained two days; nor was
he released until the town was threatened with an
attack. This breach Of faith the part of Corrals
forces, led to o spicy correspondence between our
Minister and the General. On the 22d Corral sur
rendered. treaty of peace was formed, and thus
Walkers victory became complete. During the
progress Of these events others of importance
Transporting. On the 18th Col. Fry and Parker H.
French with sixty men, embarked ON board the Vir-
gin, which also carried the passengers and specie
from California, with the intention Of capturing San
Carlos The occupants of the fort, however, fred
upon the steamer with cannon, and the expedition
was abandoned, Colonel Fry being unwilling to risk
the lives of the passengers. On the 23d the steamer
conveying the outward bound passengers by the
Star OF the Wess was fired upon from the fort A
thirty.two pound shot struck the boat, killing
lady and child and seriously njurng the machinery.
Previous to this an attack made upon the re-
turning Californians at Virgin Bay by the govern
ment forces, when four persons We're killed and
eight others severely wounded. These attacks were
evidently made in q spirit of revenge for the sue
oess of Walker, and perhaps with the view CT rob-
berry. Colonel Kinney was pursuing the even tenor
Of his way, peffecting ana to secure large emf
grafton from the United States, with every prospect
OF carrying them out successfully.
By the arrival OF the Baltic at this port yesterday
morning we have six days later advices from Eu-
rope. The news IRON the seat OF war; although
interesting, is not as important was anticipated
The combined naval and military expedition which
was supposed to have the destruction of Odessa for
its object resulted in merely demonstration against
shat port the real design being to capture the for
tress Of Knburn commanding the peninsula of that
name and considered one of the most important
military positions or the South coast Of Russia. 1t
~ situated the salt water lakes al the mouth of
the siyers Dneiper and Bug, and by its possession
the Allies place in close blockade the naval arsenal
and port OF Nikolaefi, the towns Of Kherson and
Beus.an end the whole region watered by the Dnei-
per, Bug and lngou. The operation appears to haze
been entirely successful. OF the movements of the
belligerents in the Crmea we have but few details
vi importance. At the last accounts the Allies
were within five leagues of Bakchi Serai the Rus
slams we're retiring slowly and from all appear
ances, there reason 10 conclude that Liprandi
intended dcferd the line of the Belbek and rest
ion support on the force under the command of
Prince Gortschakolf. In Asia Minor the Russians
have sustained an important defeat. On the Goth
September Gen. MoravieT attacked Kars and was
repulsed with great slaughter by the Turks; his
losses, in dead alone, being reported to be 1900.
Accounts received by way Of Trebizond an
nounce the determination of the Russians to
raise the siege. The financial aspect and bear
rings Of the war absorb almost entirely the
interest attaching to it, stIategical results.
The decision arrived at by the Bank of
England to raise its rate Of discount from
81 per cent 10 per cent for bills not having more
than 60 days TO run, and to per cent for bills Of
longer date, has produced the greatest alarm and
anxiety amongst the commercial classes in England.
To counterbalancc its effects agitation IL about to
be commenced to rescind the restrictive clauses Of
Sir Robert Peels bank measures, which wolld
ansrd considerable relief. II was thought tina
the Bank OF France would suspend specie pay
ment, which would have at once the effect o.
arrestng the drain OF gold from England
Unlesg one or both OF these eventuaities
should ike place, the commercial classes in Great
Britain, will have to pass through fearful ordeal
We Of course cannot expect to escape its reaction
From the other European countries there ia but
little Of importance. In Spain the sittings Of the
Cortes had been merely formal no business of mo-
ment having been transacted since the commence.
ment Of the session. deficiency in breadstuf was
apprehcl ded, anil the government had taken mea.
sures tossop the expectation of corn. The cholera
was committing alarming ravages in Madrid. The
Governor Of the capital had died Off, and the Minis
ter OF Finance, the President Of the Cortes and Gen.
Esparsro were lying sick. Incessant rain had pre-
vailed for nearly six weeks The Emperor Of Russia
arrived u Odessa On the 2fth September, with his
two sons. The object of his yis was to strengthen
the Notifications Of Nikolaief.
From Kingston Usmaica) we have files TO the |
Goth Of October. The people Of the West India
Islands were daily taken mp with rejoicing at the
fall Of Sbastopol. low marsh fever prevailed