The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-10
The Only Hope of Peace in the Acceptance
Of English Mediation by Austria.
NEW FRENCH LOAN ANNOUNCED.
PANIC IN THE LONDON MONEY MARKET.
TREMENDOUS FALL In CONSOLS.
Activity in the Corn and Provision
Markets,
Ae.. &C., &ss


Fhe Canadian screw steamship Ango-Saxon
from Liverpool April 81, arrived at Quebec at an
early hour yesterday morning. She left Liverpool
ut two O'Clock on the afternoon of the 9th.
The steamship Adelaide from Galway on the 3Oh
utimo, arrived at ST. Johns at three o'clock yester
day afternoon. Her dates three days later than
those by the AngloSaxon.
The steamship Kangaroo was appointed to sail
about an hour later for New York. She passed
Cape Race on Saturday, and will be due at this
port tomorrow.
The news is very important.
The crisis in Europe continued, but as yet there
has been no declaration of war; but hostilitics had
almost commenced although ii aoas rumored that
Austria had gioen Sardinia fourteen days longer
an phich to consider her demand, and that she
had accepted he mediation Of England-the only
hope nolc Of peace. But zoe Learn, by the adelaide
hat one hundred and t,ognty housaad A,lstrians
had crossed the Iicinol
There was also rumor that France and Russia
had entered into an Alliance, offensive and
defensive. This announcement, which reached
London on Wednesday, caused a PANIC in the
money market-c0nsols falling on that day up.
soGrds of taoo per cent.
This alliance is thus foreshadowed in the st
Petersburg Vaidomostee, of the 5tl of April
at once accepted by France which country indeed i'm
aatey signifed her assent without waiog the reply
Of the other Powers This the history Of the affair
Armed by the evidence Of subsequent calculations All
Of the population 10 France and the politically
Interested world IN general, YER deeply Impressed with
importance Of endeav0rs volunteered by Russia in
The Of peace The of Russian int ventioa
received with confidence aud sissfac.on, the greatest
being everywhere the activity Of Cabinet
Of st. Petersburg Could any doubt have tothis
being really the case il would have been dssolve by
recent announcement IN the Monur. In this article the
Emperor Napoleon, through the inir,est1lity Of his
eciol paper entrilsts his honor the Emperor Of all he
Russos And that great aud generous nation, proud
and ouchy matters Of honor, France whose self
intimately connected with thai Of her Em-
pcror both shares and confirms the confidence placed in
No better pledge OF alliance be imagined between
two and Soveregns than this aud Russa's con-
duct in this affair ia deserving OF the Highest praise and
has gained IT, Statement whose very words are ~eghy
but whose audRtons of paramount worth have been
no less sparDg in their commentators Of the behavior
or Russia.
Apart fro all other nsderaons this eyent sl,.cs The
sclidiy Of the Russo French alliance, and the amicals
character If this intimate reloon tcrsen the buo Pooers
This league has nothing 20 GO with the ambitious designs
q other contracting parties, nCng each other acts
OF aggression, and becoming more and more Indifferent
30 each oiber the necessary consequence of
q1anfaDce. This league entirely dissmilar those
Of former times concluded for the purpose of war
and conquest this s league based the fundamental
principles OF right disnte and justice; this
league in Short OF character exclusively adapted the
civilization and progress OF our time. Russia the frat
70 invest this league with its distinguishing characteristic
poses afterwards accepted by the whole OF Europe Russi
by this act mas deserved well of all the friends Of Civil
1ton and the defenders of humanity. Yea in chroncng
ths deed, the historian age will be justified in ex
claiming with the words Of writer commonly accused of
catering the Empress Calharine H-0Cea du Nari
es30uTdhnt que nous rie,a Ia tapatere'
French troops had already crossed the frontiers
Of Sardinia.
A French loan of five hundred millions of francs
IL announced.
Cotton had declined quarter to three.eighths of
penny.
Breadstufs were all considerably higher, and pro-
visions were slightly better.
Consols had declined to SO s9l. The previous
quotations were 944, showing decline of over five
per cent in one week.
The Bank of England rates of discount had been
raised TO "a per cent.
The Kangaroo reached Liverpool on her out.
ward trip at 1880 p NJ. Of the 23d, and the Alps on
ahe same night.
The Cunard steamship Persia, from New
York, arrived at Liverpool at one P. NJ of the oath
and the Nova Scotian, from Portland, at six
O'Clock the same evening.