The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-03-11
New York. Friday, March IL. 1850.
The News.

We have important news from Europe, brought
by the steamship Arabia. which arrived at Halifax
yesterday The dates are to the afternoon of the
26th ult one week later than those previously re-
ceived
The proceedings in the British Parliament upon
the war question lead to the impression that peace
will be maintained. Lord Cowley, the English AM
bassador at Paris, had been despatched to Vienna,
and although it is not stated what the precise
objects of his mission, yet the declaration of the
British Ministers, "that the government were led
to believe that at no distant period the
Austrian and French troops would evacu-
ate the Roman States at the request
of the Papal government" confirms the belief
that peace will be preserved. The announcement
of the mission of Lord Cowley had caused gene
raj advance in public securities, not only in Eng
land, but in the Continental markets. In France,
however, warlike rumors prevailed and it is stated
that the preparations of the French government
had so far advanced that even the corps which are
to commence the campaign have been designated.
Austria, too, is preparing for vigorous defence.
The Sandman loan had been taken up. 1t was re-
ported that Napoleon would soon proceed to Turin
on a visit to the King of Sardinia.
The new British Minister to the United States
sailed from Plymouth for New York on the 22d
ut., in the steam frigate Curacao.
The naval estimates had been presented to the
British Parliament. They provide for 1000 addi-
tional men, and twenty-six powerful steamers
The British government has consented to give to
the Atlantic Telegraph Company guarantee of
eight per cent capital of 5000 900 for period
of twenty-five years. The shares of the company
thereupon improved to G220 gao.
The mammoth steamship Great Eastern WILL it is
believed, be ready for sea by August and will make
her first trip to Portland, Maine.
The latest quotations for consols are 95s a 95l
for money. American securities were dull but
prices firm. At Liverpool on the 26th cotton was
buoyant, and prices had advanced one-sixteenth to
ene-eighth willie breadstufls were dull.
The extraordinary session of the United States
Sense closed yesterday, after the confirmation of
several unimportant appointments
The funeral OF the late Postmaster General took
place yesterday. II was attended by all the public
officers, the diplomatic corps and others, and the
streets through which the procession passed were
thronged with mourning spectators. The remains
were inferred in the Congressional Cemetery, pre-
paratory to being conveyed to Tennessee.
The Stephens trial is still pending before the
Court of Oyer and Terminer. Miss Fanny Bell,
another niece of the late Mrs Stephens, was on
the witness stand the greater part of yesterday,
and gave her testimony mildly, but occasionally
manifested some confusion. She was not cross
examined, she refused to answer counsel for the
prisoner whether she had written to her father
to say that her aunt had died from intemperance,
unless she permitted to explain all the circurn-
stances attending the letter.
Yesterday afternoon Gen. Wheat, of Nicaragua
notoriety, and Col Cauty, of Costa Rica measured
arms outside of Delmonico's to the entertainment
of between one and two hundred onlookers The
General broke his cane over the Colonels head,
giving a severe cut but nothing dangerous.
The Police Commissioners were, it is said, yester-
day engaged in preparing affdavits designed to
Offset the startling allegations of Senator Spnolas
report to the State Senate. Sergeant Croft was
at his own request, transferred from the Mayors
squad to the Tenth precinct. We have the autho-
rity of Mayor Tiemann for stating that the excuse
of diarrhua has become so common in cases
where policemen are reported as being off their
posts, that the Board has hereafter determined
to try and check the disease by administering a
fine of five days pay to each officer SO afflicted.
At the meeting of the Board of Aldermen last
evening nothing worthy of note was DONE ex-
cept the awarding, after great deal of discussion
and squabbng, of the contract to build the gate
houses of the new reservoir to Jaycox q Baldwin
Fairchild Walker & Co. were competitors of the
successful parties for the contract
The Board of Councilmen met last evening. and
adopted an ordinance for the prevention of fraud
in the weight of COAL by requiring every cart EN-.
ployed in the delivery of coal to have an accurate
scale attached to it.
An edifying and interesting Grafton on the sub.
ject of colonization, and the prospects of the Libe.
rian colony, was delivered by the Hon. Mr.. La.
frobe, at the Academy Of Music, last evening. The
hall was well filed, and the really eloquent dis
course was applauded throughout. We give
sketch of the lecture elsewhere, but the whole
Grafton will shortly be printed.
Our correspondent at Areccibo, p. r., writing on
the 9th ult. says:A terrific gale of wind from the
northeast was experienced here yesterday, which
uid not subsde until this morning Several vessels
mat lay at anchor have blown away, all of which
stopped at Mayaguez where they now remain A
great deal OF damage was done in the com.
try, which will check the grinding of the cane.
Five hundred and fifty coolies recently landed in
Cuba from Calcutta, have come over. which in.
creases their number in this island to a.7Ie all
sober, harmless and excellent laborers. The nres.
ent crops are large, and the prospects of the nlant
ers are bright and nattering The health Of the
island is very good.
The foreign news by the Arabia, received yesterday
was considered favorable and impaired more tone 10 Tho
cotton market The Gales embraced between 900 and
5000 bales, about half which were sold in traostu
Prices closed quite firm the bass OF l2s<c pr H. G
mtdDg upands The sales since the lat Il, the 10Th inst
hsye been unusually large both store ana in transltu