The Washington union., 1857-09-25
EXTRACTS FROM LATE EUROPEAN PAPERS.

financial adyices from New York on this occasion are
more disastrous than any received for several years
since 1853 there has been continuous tendency -
structon of confidence in American railway secuieS anu
from time TO time as each announcements oi Hauu
or insolvency has occurred there has been es
fall in all descriptions while the instances oil reaGuoh
have haen feeble and temporary. Holders however, nave
tantlv cIunp 10 the idea after each new revelation,
That the lowest point must have been reached at last and
tery this feeling has been strengthened by behei hat
the adverse operations confined chiefly to an organ
lied knot of speeuators who endeavorng to increase
the dstst by circulating statements that might SUIT
their purpose Yet not only do their predictions con-
tinue to be confirmed by the breakdown OF each weak
suspected undertaking. but we have oy ,he plese.
which not single premontory doubt had been whispered
On one day the shares worth nearly lOO and on e
next day they utterly unsuitable The concern IN
question is the Ohio Life and Trust Company estapsed
in 1893 with capital of f4O0 000 and constitution in
some degree analogous TO that of the more modern banks
of Credit Mobier They received depostes, which they
empoyed together with their capital in loans on real
estate and railway bonds discounts and advances OF all
kinds Only few days before the event they declared
and paved their usual hafyearly dividend The amount
due to depositos and others is supposed to be at least
ST. 200 000 and the prospect OF liquidation seems 10 be
very uncertain Possibly the creditors may get paid al
though even on that point nothing is known but it
would be against all experience to suppose that the share
holders will single dollar. The company were
the financial agents of the State OF Ohio for the payment
of the interest the State debt and the reliance OF the
public upon their position greatly increased by this
circumstance The announcement coming ON the stock
market lust after the alarm created by the discovery OF
the soganition in the accounts OF the Michigan South
ern railway had caused flood of sales of almost every
other kind of stock Erie railway had gone from 81 to
22B Reading, from 692 to 59a New York Central, ~
to IL Illinois Central from Ia to lO4 and Panama
from go to 81. Michigan Southern which a few months
back stood at 53a at 22 In most of the secu
rites English capitalists are largely interested
SPAIN AND MEXICO.
The Paris correspondent of the Times, in letter dated
Monday evening, 7th instant, says: ......
We are at last beginning to get at the truth respecting
the Spanish Mexican quarrel concerning which SO many
contradictory statements have been made by the Madrid
papers and other foreign journals The real state OF the
case may be sketched in few words The great dlff
Guilty the main point of variance between Sr de atla
qua, the Mexican plenpotentiary and ST. Pidal, the
Spansh minister for foreign affairs, was the indemnity
claimed by the latter for the Spanads resident In Mex
leo who had suffered in person or property at the hands
of depreators and aasrs at Cucrnavaca and elsewhere
The Mexican negotiator was willing to agree to such in
demny in conformity with the laws of nations-that is
to saw when it should be proved that his government
could be held responsible for the misdeeds OF the armed
bands in question The Spanish minister was not content
with this but required that it should be at conceded
tbat an indemnity was due Neither party being disposed
give way agreement maniiestly impossible 1t was
then that Lord Howen acting in accordance with NJ de
Turgot strongly urged the Spanish government TO accept
the friendly intervention Of England and France for the
settlement of the dispute After some hesitation Spain
agreed to ths-on about July I'll. Sr. dc lafrgua,
not having authority from his government to accept such
mediation communicated with Mexico by the next mail
and by this time his dispatches doubtless in the
hands of President Comonfor 1t will be the end OF Oc-
tober before the reply can be received In the mean
time the matter is in allegiance Spain has suspended her
warke preparations and although rumors OF probable
bosttes have lately reached from Madrid these must
be considered unfounded, since, after accepting the
good offices of France and England, she Will naturally
wait to hear whether Mexico does the same She could
not follow another without giving offence to the
two friendly powers and moreover she well knows
that if she plunged into war with Mexico contrary to
their advice and without waiting for the result OF their
mediation she would be left unassisted to take the con-
sequences of her precipitation Among those conse
auences be reconed at least possible the overt
or covert interference of the United States and great
danger to the island of Cuba 1t in anticipation of
some such complications that England and France inter
ested themselves strongly in the affair, and finally
ceeded in getting their mediation accepted Had Spain
commenced hostites two months ago, as she then ap
peared the of doing 1t understood that her plan
was to light up civil in Mexico and to reinstae San
ia Anna in the presidential chair Communications had
been opened with him, and agents of his had arrived in
Madrid. In the background, and contingent ON many
circumstances, was plan which, romantic though IL ap-
pers was mooted and discussed in Spain, of converting
Mexico into monarchy, with Spanish Bourbon on the
throne Such a scheme this, could it be realized,
would be the commencement of civil war; and would
prbaby have the effect of throwing Mexico in the arms
of the United States Sr. de Iafragua, whom report
lately sent back to Mexico arrived in Paris the night be-
fore last after tour to the south of Spain 1t is under
stood that he will await here, within easy distance of
the capital the receipt of his governments reply to the
offer Of mediation If this be accepted which hardly
be doubted conference for the settlement of the ques
ton will be held either in Paris or in London
THE INTERVIEW OF THE EMPERoRs.
The Constitutional of Paris says:
tsIt now appears certain that the Emperor and En-
press have resolved return the visit of his Majesty the
King of Wurtemburg and that their imperial Majestes
will arrive at Stugardt about the 25th instant AS the
Emperor Alexander will arrive in that city en- the 24th
and remain there until the 28th it seems certain that it
s at Stutgardt that the interview between the two Empe
rors will take place.
The Hadependce Beige in reference to the interview OF
the Car and the Emperor of the French, says;
sThs event. which at the present moment is occupy
ing the minds of all Paris will create much lively
sensation in London and Vienna We shall not repeat all
the specCations-or the most part erroneous onesto
which this event has given se and some OF which
far MS to predict rupture of the alliance between France
and England and declaration of against Austria.
nauestionably the various incidents connected with
the affair of the princpalities calculated to give to
this meeting the two Emperors character which will
cause dispeasue in London and VIENNA but that result is
quite independent of the will of the two powerful soveregns
who are going to meet friendly terms the neutral
territory of Germany. The two Emperors have only
one object in view namely, the strengthening of the
Governments since the reestablshmen of peace without
any hostile feeling to third parties. The approaching
visit Of Prince Albert TO the camp of Chalons is sufficient
proof that in the highest quarter in England where the
intentions of the Emperor Napoleon evidently known
before they were made public those intentions have been
appreciated in the which have given to them
Without being able to make positive declaration the