The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1857-03-28
EUROPEAN NEWS.

EUROPEAN NEWS.
The steamship Africa arrived at New York.
March "a. The Africa brings forty passen-
gers, and nearly 100000 in specie.
GENERAL INTELLIGENCE.
The chief incident BY this arrival is the
announcement. by Lord Palmerston, of the
course which his governme mt intends to pur-
sue, IN consequence of thei. recent defeat on
the Chinese question. As the state of public
business would no. permit an immediate
dissolution of Pertinent, be proposed to dis.
solve the House in May, and until then, to
90 on with such measures only as call for im-
mediate action, viz: the financial estimates
and temporary meeting act. leaving the
general question of taxation to be dealt with
by the new parliament. With respect to the
policy which he would pursue towards China
until the decision of the couatry should be
taken, his administration would continue to
defend their rights and improve their rela.
tons with China in a firm but peaceful way
and. IN CON JUNCTION with France, and h.
hoped, with America, to secure an extension
of commercial advantages.
In the House of Lords. a similar announce.
ment was made by Earl Granville.
A despatch received by means of the Rus
sian Telegraph says that a treaty of commerce
has been ratified at Teheran, by the Shah
between Persia and the United States, grant.
ING the same terms, viz that American Con.
suls may reside in the chief Persian cities
austria is seeking to negotiate with Persia
similar treaty.
1t is reported that Sir John Bowring ha:
been recalled
! The intelligence from China comes in SCRAPS
from private letters, and contains nothing
different from the newspaper reports already
published.
The French papers contain the Emporo,
OF Chinas edict against the English.
They also say that on the sth Of Decembe,
the Chinese seized the l.ngIish opium depot
Paris, Wednesday morning.-The official
.uo"ue~ publishes dispatches from Hong
Kong. dated January 18th.
/ When the dispatches left, the European
colony at Hong Kong appeared to have been
poisoned, and the family Vi Sir John Bowring
especially, were suffering great pain.
All the Chinese bakers had fled. II is
believed these men poisoned all the foreign
erS.
Fortunately, up to the time of the depart
ure ot the mail, 10 death had occurred.
Effect OF THE TARlrr.-The New
lork Independent gives the following cheer.
ing account OF the first effect experienced
from the change in the tariff. It's just VIVA,
We have been anticipating. This effect, con.
nected with the high prices of leading arti
Giles OF export and a diminuton of imports
must tend to lower rates for money, and tc
more ease in the transaction of business. The
signs OF the times are more encouraging fol-
profit in all Legitimate pursuits, carried on
With moderation, than We have seen for sew.
eral years.
Money affairs are also getting easier in
Europe, and it is not likely that the Bank of
France will find it longer necessary to pur
chase gold at premium, thus forcing it from
Its Legitimate channels, and thereby produ
cling unexpected arrangements and unlooke ed
tor pressure.
The new tariff has elFeetually relieved
the money market. All the fears, much of
them exaggerated, relative to the accumula.
ton OF money in the Treasury have d,sap
peared, and confidence has taken full posses.
sion OF the financial world. The paymen,
OF duties during the week has been very
li.ht-only SSU5, 9OS-and the Sub Treasury
has not accumulated any amount since our
last report. The importations have fallen off
considerably, and will be light until the lst
July. This change, accompanied by check
to the outward flow OF specie, and the de-
cline in the rates Of forei On exchange, has
etfectually lowered the tone of money len.
ders and discounters Of paper. We have to
record decline OF per cent in the rates
OF discount. High grades Of paper, of short
date, are taken at per cent, ani dates from
80 days up to months at S4a9 per cent
The bulk of paper on the market ls, howev-
er, of secondary grades, and these are now
negotiable at to 10 per cent Single names
at 10 to II per cent, and call loans are max
ing at 9 per cent.
The banks are now entering on renewed
course OF expansion. For the week ending
9TH March, they have extended their loans
S76J.O00, and added to their specie over L.
100000. Their country deposits are rather
on the increase, and they feel confident in a
safe condition for a long period 10 come. The
demand for money has been active, but has
not increased in proportion to the increase in
the supply.
Early in the coming week We shall have
further halfmonthly remittance from Cali
tornia, all of which will be retained in bank ;
and 1t Is this new feature of the money mark
ct which is its principal source Of growing
strength.
MARRIED ON A TRAIN. 49, The train
from this city to Brattleboro, on Tuesday af.
ternoon, was sisnalized by the marriage of a
loving couple. who by a series of mishaps
were forced to make use of such a tim. and
such place for the consumation of their lono
desired union. The bridegroom lives in III
mos, the bride at Whately, and at her home
the marriage should have occurred on Mon.
day evening; but when the evening came no
bridegroom or clergyman came with it, both
being LETT over by the 1.-The one at Spring
field and the other at Northampton. The
next morning the unhappy lover fastened
to Whately by the first cars, and as his stay