The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-01-03


The London Times OF the 18th the shares Of the I
Central and New York Central, respectively, have
advanced quotes sales OF Illinois at 32 aa; Illinois
rs at 81 Michigan Sinking Fund, s61s New York Cen
tral rs % div do. shares 7s; Erie shares, 161z
In the Manchester market Indian goods were slightly
higher. Yarns and cloths tending upward without,
however, any particular advance
The London Times, taking for its text Mr.. Buchanan's
er to the meeting celebration Of the capture Of Fort
Duquesne the desponding tone in which tho
President speaks Of tho future Of the republic and
brings contrast the language Of public men on the
future prospects Of Engllnd, who deem that Engands
evils passing away while the tone OF American So
ciety indicates that those Of the New World are in
creasins.
An extraordinary general meeting Of the Atlantic Teie
graph Company held in London on the 18TH The Hon.
worey presided The report show ed that the total
receipts company its capital account had been
E3s7 479 and the expenditure 1884 046, leaving balance
on hand Of es49 against which there various out
standing liabilities Free shares the value of $4,000
had been Issued projectors in the purchase Of their
original rights and privileges The chairman made a
lengthy explanation Of the condition Of the companys
cable. It had been underrun for distance Of
eleven miles from Ireland, and found perfect. The
directors for want of funds, unable to carry
on further operations. They had appealed to the
government for guaranty Of AZ per cent on
,OUO Oh new CRptal, Will WUCu W lay
q new cable, but no decision had been received. He
urged upon the proprietors harmonious and energetic
action the only way to insure success and moved the
adoption of the directors report, which was carried
nimously
Mr.. Whitehouse, the late electrician Of the COM
pany, called attention to the establishment of another
company for establishing telegraphic communication
with America by means of southern route, and
having half Of its capital subscribed He had
been instructed to state tho conditions un-
der which fusion Of the two companies might
be effected Several shareholders suggested that such
could be entertained by the meeting, the
chairman said that pending the negotiations with the
government the proposition ought not to be discussed.
Mr. whtehouse withdrew the subject and ournment
until the general meeting in February unanimously
carried.
The reform movement was progressing. John Bright
had addressed another great meeting at nburg and
Manchester. rcformers union had been formed by the
Bright party
An influential meeting of English shipowners had
been held in London, TO take into consideration
tho ruinous condition OF British navigation.
Resolutions were adopted attrbuting the cause
the repeal of the Navigation laws and address
tbe Queen adopted praying that the ships of
recprocatng countries may be placed nearly pos
sble the footing British ships placed in those
countries
In regard 10 the recent arrests Ireland OF the men,
bers Of the Phenx Club the Cork Consultation says;Te
treason carried much further than suspected
There were daiy and nightly drngs Pixies
factured arms imported from America and the of
them taught. The government was not minute too
carly in interfering
A body Of military and militia have been distributed
through tho portion of the county of Cork pre-
vent an insurrcction
The Belfast Mercury says there little doubt that the
Phenix Club entirely seditous, and made up Of the
drcgs Of Young lrclandsm.
Seventeen persons had been arrested at Belfast in addi
top 10 those at Cork.
The government expected TO issue special com
mission for the trial Of the prisoners.
Mr. Guernsey, arrested by the government for stealing
shc Ionan dispatches lately published in the london
Daily Ne,os, has been tried and acquitted.
The Protestant Alliance having mcmoriaized Lord
Malmesbury 10 interccde with Rome in the case Of the
Jewish boy Mortara, Lord Namesbury replied that while
the government indignant at the outrage, did not
think tho interference OF Protestant Power would do
any good after the fauc Of Catholic Power like France
prospectus has been issued London for the Madras
Irrigation and Canal Company The capital was fixed
at 60 o0o Of which El 900 is TO first issued
the Indian Council having guaranteed five per that
amount. Tho object Of Me company is TO carry
out extensive system Of irrigation, particularly
IN the districts adapted 10 cotton.
The prospectus has also been issued OF the Canada
Landed Credit Company, with capital Of f2Oo ooo the
OBJECT being 10 encourage flow OF capital 10 Canada by
making advances on mortgages OF land.
Inc ship Orwell from Melbourne with G3l7 900 In gold
had arrived at london. The West India mail steamer had
also arrived with Siei 600
Tho government OF New South Wales had dcputed On
agent 10 visit England and confer with the Colonial ONCE