Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1857-11-20
Late News from Europe.

The telegraph supplied yesterday with only
brief outline Of the highly important intelligence
from Europe by the Arabia and to-day we give fall
details. All things considered, these adVices ex-
csed 10 general interest any we have had from the
old world since Sebastopol fell and peace was de-
elsred between the allies and Russia
1t will be seen that the English arms have been
emioently successful in India, and that Delhi the
stronghol' Of tie rebels, has been captured. This
is not oaly military, but a great moral triumph
one the consequences of which must tend towards
ameliorating the condition of future generations.
1t Is giant stride in the mighty march of cvilizl-
ton, which, 10 time will make its impress so deep
aud lasun that barbarsm, with its boOd-stained
record may become finally obliterated. Though
the general aspect of affairs in India is not wholly
encouraging yet the capture Of the great ca ital OF
the Bengal Presidency is a really important victory
the moral eff ct of which throughout India will be
momentous. It is so considered in England, where,
IN the very fac OF the dis strOus from Amer
lea taken out by The Arabia the fall of Delhi has
had the effect to advance the price of cousols and
to prevent iE considerable degree the financial
CONFUSION that was exp cted to follow the receipt
of news Of the New York bank su-peusion
With achievements arriving, and the strong hold
of Drlhi secured, the English forces are now in a
position, not only to extend relief and maintain
themselves, but to suhiugste and revolutionize all
India. Previous Outrages can be redressed, and
tHe people made to know and feel their depen-
dence.
The financial character of this news is most
cheering. Renewed confidence has been e1Ucri
eneed throughout Europe, and disastrous results
previously anticipated been averted. IL the very
lace OF int ligenoe from the United States anncun
cling our general suspension Of specie payment,
consols advanced and money Waseasier. The lead
ing London and Liverpool journals indeed, construe
our bank suspensions in favorable light different
entirely from what expected. They show sat
isttctorily tat it has given to their merchants
and bankers, r"gretting only that New York did
not suspend fortnight sooner. The financih as
Pect OF the advices, therefore, must be viewed as
emnentiy cheering, ami cannot fail liz producing a
beneficial effect on this side
The fact that consoIs have gone I'D to S95. W.
agree with the Philadelphia Evening journal which
states, iu the face of the fullest intelligence Of our
monetary crisis, and the consequent failure of sew
eral large firms 10 Manchester and Liverpool is a
signal evidence OF the staunch condition OF things
IN England, and this must do more to set Us on our
feet than anything that could have happened The
news Is so much the more gratifying since it had
been looked for here with some degree of appre
hension. Many Of shrewdest citizens enter
tanned fears that when the entire extent of com
merclnl disaster in America became known IN Eng
land, 1t might produce a shock whose rebound
against would Increase our embarrassments and
rrndeT recovery much more difficult and remote.
But events have fallen ont so contrary to general
expectation, well opportunity, that devout
mind would say that Providence has mercifulIy in
terfered at the last critical instant aud Vouchsafed
a relief"
Advces from the Continent are more cheering in
q financial point of view. We think now, sine
the receipt of this news so highly important, and
so much more favorable than could have been ex.
pected, that the crisis in country may be con-
sidersd as substantially passed but great caution
shouId De observed that encouragement so hopeful
does not lead persons again into wild hazardous
specuiatons. All should use the past as a salutITy
Iesson.-BdktiHtOre Patriot l4h.