The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-10
The News.

The arrival Of the Anglo Saxon at Quebec and
the Adelaide at St Johns, places Us in possession
of q weeks later advices from Europe. The news
is of the highest importance, politically, financially
and commercially. The great war had almost com
menced, though act Of actual h0stilities had as
yet occurred The hopes of peace hung upon a
very slender thread, namely, an offer Of mediation
on the part Of England, based upon the accep-
lance of one of the two following conditions:-lst.
The Immediate absolute and simultaneous dis
armament of Austria, France and Sardinia; or,
I'd. The consent on the part Of all, pending the re-
suit OF the mediation, TO retain their armies in pre-
tSefy 0e condition, ana posi-
iion If not ofpeace, al al eoeats Of tndctt0n. This
proposition was transmitted to Paris and Vienna
on the 25th ult but so late as the 30t, France had
mot siGnifed her acceptance Of IL, and nOtlrih
standing The report of the acceptance of the offer
by Austria, one hundred and t,renty thousand Of
her troops had crossed the Ticino and entered the
Piednontese territory. This was regarded officially
in Paris overt act of war. French troops were
pouring into Italy from every available point; France
and Russia have formed an alliance; England was
strengthening her squadrons; Sardinia was aroused
to hot enthusiasm; all Italy was in a white heat
while Tuscany had joined with France, and the
Grand Duke had fed for safety.
The news of the alliance of Russia and France
seems to have astounded the British government,
and to have exerted more disastrous effect upon
public securities than any other event Consols in
one week declined from 94a to 50, q fall Of over
five per cent, and forty failures had taken place
among the stock brokers, while at Uoyds war pre-
miums were demanded upon policies of insurance.
In the Liverpool markets cotton had declined
pnequarter to three-eighths of penny, with sales
of only 10000 bales during the week, while a..
Manchester business was almost entirely suspend
ed. BreadstufIs and provisions were buoyant, at
considerable advance in prices.
The United States frigate Sabine Capt. Adams,
arrived at the Brooklyn Navy Yard yesterday
evening, after very rapid run from Montevideo,
having left that port on the Oath Of March. She
brought hone Commissioner Bowlin and Samuel
Ward Esq, Secretary of Legation Immediately
after the Sabine anchored Thos. J. Page, Jr., ESQ.,
Secretary to Flag Officer Shubrick set out for
Washington, bearing important dispatches from
the Commodore and Commissioner to the govern
ment- The Paraguay expedition is thus ended.
Immediately after the dispersion Of the fleet-as
will be seen from the interesting letter Of our
Monteyideo correspondent, published this morn
jng-Lopez recommended his tyrannical course of
rule by the imprisonment Of some six Paraguay
ans and one Engshman, supposed to have sympa-
thized with our policy towards him. His ex-
tensive and very complete spy system enables him
10 know every sentiment--almost every thought
OF the people he rules over. II was believed that
president Urquiza would soon force, by war or ne
gotauon, Buenos Ayres to ~ejoin the Argentine
Confederation. Captain Page, OF the navy. would
continue his exploration Of the South American
rivers, his little steamer Canton enabling him To
cross the sedge and shore weeds bv which he was
interrupted in his first attempts He hopes thus to
go up the Paraguay and Pilcomayo rivers We
give reports Of the disposition and stations Of the
war vessels of the late expedition which have not
arrived at home.
We have news from Venezuela, dated at Caracca
on the 10Th and Puerto CabclIo on the Dist nit
The country continued in a very unsettled state
and several severe battles had taken place. Il
represented that the patriots will never yield mt
acohiederaey is established similar 20 that Of the
omteo states General Paez was atiIl an invalid
.nouBh gradually recovering. The general election
taxes pace IN August and General Paez will un.
ooup'ediy, II was thought, be chosen President A.
1uer'o Oapeno produce was coming in more freely
owing to the administration inclninr 10 violl !,
Inc system OF government proposed bv The patriots
BY the arrival of the steamship Indilgola. a
newly established trader, from Havana at Char,es
ton, we have advices from Cuba to the 81 ina,
The health of Havana was good. The Spanish
steam fleet had orders TO look after all flibu,er
invaders.
We have advices from st. Thomas To the 18th Mt
There was complete stagnation in all branches OF
business. Tic weather continued exceedingly DRY,
and the health Of the island was good.
We have received 9ce of pu.ro IRE ~tcers