The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-27
The Nsws.


with Liverpool advces to o'clock on the afternoon
of the 18th inst. The news s important.
The Atlantic telegraph has temporarily failed
On the morning Of the Ith inst, when three hundred
and thirty five niles west of the Irish coast, and
while the Niagara WAS proceeding at the rate OF
four miles an hour, the brakes applied 10 order
to lessen the speed Of paying out, and the cable
parted some distsnce from the stern of the ship.
One Of the steamers, with MIR. Field on board, was
Immediately despatched TO Portsmouth with intelli-
gence of the disa ster Mr. Field repaired to London
to confer VITA the directors of the company but at
the time of the sailing OF the America it had not
been determined what course would be pursued.
The telegraph squadron are to rendezvous at Ply.
mouth. There still remained over two thousand
miles Of cable sufficient to unite the two continents
- and the experiments made fully satisfied all who
took part in them of the practcabihy of the enter
prise.
The India mail had reached England with impor-
tant intelligence Up to the 9th Of June Delhi had
not fallen Several battles had been fought and the
rebels each time defeated with great slaughter SIEVE
raj additional mutinies had broken out among the
native troops, but they were not regarded with
alarm. On the whole, the news WAS regarded in
England as favorable.
There is nothing of importance from China. A
rumor prevailed that the Emperor had sbdicated.
Accounts from Madrid state that the Spanish gov.
eminent had suspended ali negotiations with the
Mexican Minister.
The financial and commercial intelligence is also
important The London money market was buoyant,
and consos are quoted at 81 An advance. At Liv.
erpool the cotton market exhibited an advancing
tendency while breadstufs, owing to the prevalence
Of heavy rains aud reports of foods, had advanced,
-four 3D., and wheat Id. = psOvision market
was generally quiet. Sugar bad declined considera-
BILE. Freights had slightly advanced.
The financial panic in Wall street received an i'm.
petus yesterday by the failure Of Jacob Little Co.,
Z. A. Benedict and E. F. Post, stock brokers and
spectators. The excitement was considerably aug
mented by reports prejudcis TO several Of the city
banks but as yet they have not yielded to the pres
sure. The attachments against the Ohio Life and
Trust Company, issued in the last two days, amount
to over million dollars. The affairs of Mr.. John
Thompson, Wall street broker, were brought be.
fore the courts yesterday on an application for an
order Of arrest on the ground Of fraud in his recent
suspension. The order was granted and bail fixed
at sl5 900. Subsequently the order was suspended.
A motion to vacate the order will be considered 10
day.
Gov. Robinson, OF Kansas, has been acquitted of
the charge of unla wfully assuming TO act a. pub
lie officer. The free State organs have striyen hard
to msrrize Robinson in this busire ss but il proves
to he labor iost.
The National Emancipation Convention, called TO
devise some equitable plan Of negro emancipation
the principle Of compensation to shareholders, met
ct Cleveland, Ohio Tuesday. Nearly all the free
States were represented, and the attendance was
large. Among other schemes, II is proposed to de-
vote the proceeds Of the sales OF public lands and
whatever surplus revenue may accrue from customs
to the redemption OF the slaves
Our special despatch from Washington states tina.
Gen. Scott and Gen. Jesup have decided that the
Utah military expedition shall proceed 70 its destina
ton. DR.. Forney, Of Pennsylvania, has accepted
the post OF Superintendent Of Indian Affairs in
Utah. This completes the appointments for that
Territory. The new Territorial officers will assem-
bile at Fort Laramie and accompau. the army. thas
not been decided whether Gen. Harvey will continue
in command OF the expedition, or Col. johnson be
detailed for that service.
Capt. Higgins, Of the schooner Harriet HaIlock
arrived yesterday from Para lst instant informs
that II was reported in Maranham on the 30th uit .
chat the British Consul at Pernsmbuco had been re
Gently assassinsted.
The bids for the work on the new Grand Reservoir
were opened at the Office Of the Engineer of the
Crotou Board yesterday noon. Messrs- Fairchild,
Coleman, Walker and Bro WI are said TO be the sue
oessful bidders table Of the bids Ia given in an
other column.
The merchants had meeting at the Exchange
yesterday to express their sorrow at the untimely
~ Ifvip A aorfo of
tons were adopted expressing their high respect and
affection tor the deceased and condoling with his
family. The merchants will attend his funeral,
which takes place 10 day at O'Clock p. M. from
81. Thomas church. corner Of Houston street and
Broadway. The flags Of the shipping In port will
also be displayed a, half mast from sunrise 10 sunset
bonos Of the lsmented deceased. We give q re-
port Of The proceedings Of the meeting in another
column.
most heartrending accident occurred yesterday
afternoon at feekskin. 1t appears that gentleman
named Thomas Sewan, retired merchant of Balti.
more, in attempting 10 get into the cars at peeks
KILL whilst they were In motion, fell upon the truck.
and before the train could be stopped three cars had
passed over his body. DIR. Snowden, Of peeksk,lI
who was passing on the road near the depot. was
called in, but life was extinct Mr.. Sewan was ira.
Yelling for his health, having recently had attack
Of palsy, and was just recovering from its effects.
His daughter and sisterplaw In the cars q, the
time, snd upon learning who the unfortunate man
was, vrung their hands and rent the air with their
lamentations.
An AGED man named Price was instantly killed
yesterday afternoon, near Stroudsburg, by an ex'
press train.
AT meeting OF the Commissioners Of migration
yesterday II was reported that the steamer City Of
Washington, on her recen. arrival from Liverpool,
had lanoed elsewhere than at Castle Garden TWEEN
tyhve passengers. The penalty for this offence Is
hne Of twenty Ave dollars for each passenger. The
subject was referred 70 committee Of the Board for
Arvestission- The number Of emigsnts arrived at
tAs port during the year, up 10 26th inst, is