The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-12

when great national interest is at stake then we
can only express our agreement with him. But if
nothing more is meant than this, why should Lord
John go out of his way to back up Mr.. Bright, the
champion of hustings against the Press
We would venture, with all due Difference to
suggest that the recent military toray of the
French armament upon peaceful Europe an
occasion ON which it behooved the public writers
of these kingdoms to print their thoughts plainly
and boldly, for the information and warning Cf
their fellow subjects. The defenceless position of
our shores was another point on which no English
man could have reflected without the keenest anX-
iety. Does Lord Palmerston suppose that the
French Emperor was not acquainted with the true
state of the case?
1t was known everywhere save in the British
Islands, and was the subject of conversation in
every cafe and every barrack-roOm. If ever there
is war between England and France it will not be
because the Press has compelled Ministry to put
the country in an adequate state of preparation,
but because England can be taken unprepared. If
that should ever happen, there will be the 'panc"
which Lord John Russell deprecates; object is,
and has always been, to prevent the possibility of
panic by timely and quiet precauton.
FRANCE.
The UoniteW of the 2Sth contains the official an
nouncement, that the Emperor has decided that the
army and navy shall be restored to peace footing
without the least possible delay 1t is stated that
as soon as the troops have returned to France and
resumed their previous quarters, great numbers of
temporary furloughs will be granted which will
have twelve or eighteen months to serve.
The administration of Marino is said to have re-
Geiyed the necessary Instructions for preparing the
ready served six years, have been called to ioin the
fleet within the last six months
The London Times in leader on the proposed
French disarmament, says ;-''We recognise in this
disarmament the sagacity of the Emperor in ruap-
ing the temper of his people, and for own part
we rejoice that we may now return to security and
peace. We shall, Of course, in due time follow the
example of our neighbors"
The DAILY Ne,0s thinks the execution of the pro-
posed measure would be a most valuable pledge for
the peace of the world and the announcement will
be accepted with candor
The Post says general confidence must be excited
throughout Europe; and long and uninterrupted
peace is to be hoped for
Prior to the announcement of a disarmament the
Paris correspondence was filled with coniectures as
to the warlike designs of France particularly in
regard to England, and many absurd statements
were mad. One writer says "Orders have been
sent from Paris to expedite the departure of the
French troops from Italy. OF the one hundred
and twenty thousand men in the north of Italy,
sixty thousand are to be sent to Susa and Genoa,
by rail, at the rate of thirtv-ve hundred per dav
ihese are to be In Paris on or before the l4th of
august, and after the Emperor's fete the Rhine is
their destination, in order to show Germany the
rapidity with which French troops can be moved
from the scene of victories in the South to fresh
enterprises, II necessary, in the North'
IL Vas sun IuulOTeu, tnat the Emperor cOntSDl-
plated visit to London, but it was not generally
credited.
y camp of $4,000 men was being formed at st.
Maur, near Paris.
AUSTRIA
The correspondence of the Independence Bclqe,
thus speaks of the projects of reform entertained
by the Emperor of Austria: "All provincial coun-
clls of the Empire are to be convoked simultane-
ously, in order to answer series of questions on
the amelioraton which they may think necessary
to the internal government of the States especially
in the provincial organization"
The council will have complete liberty in their
deliberations, and may make known openly and
sincerely to the Emperor the wants and wishes of
the populations.
Important financial and military reforms are like.
wise projected.
The Austrian department has decided that
the first army shall be maintained at present on
war footing. Its effective strength is estimated al
nearly 100000 men. The other corps are on their
march to their former cantonments in Galicia and
Hungary.
The official Piedmontese Gazette publishes a cir
cuar OF the Ministers Of the Interior to the Cover
nors and lntendants General, which says the change
OF cabinet does not produce any serious variations
In the character of the policy of Sardinia. The
new Ministry will continue in favor, as largely as
possible, the development Cf the great principles
which are the bases of public right.
The Minister goes on to ask support in the Tranquil
lizatlOn OF troubled minds in strengthening the be
lief in the rights to liberty, and in preparing the
annexed provinces for liberal institution The cir
cular concludes by promising reform in the exten
sion OF commercial and provincial liberty
Preparations were being made at Milan for GRAND
illumination, to take place on the arrival of the
King OF Sardinia, who is expected in few days tC
visit the Lombardy capital
Chevalier Farrini, Governor of Modena has by
order of the King of Sardinia, withdrawn frou
Sandman authority and published a proclamation
in which he RENTS the Government to the murfci
pal members. The pOpulace assembled in crowd
and proclaimed the municipality bv acclamatior
the dictatOrs of the country ChevaIier Farrin
accepted the provisional regency to maintain pub
! lie order and reunte the Representative Assembly
OF Modena, which is to pronounce on the future set
tlement of the country.
The abdicatiOn of the Grand Duke of Tuscany ir
favor of his son is officially confirmed
The NOrd denies that any French troops are tC
occupy the Ducbies. Those who are at Rome viii
remain for the present where they are. No where
else will there be any intervention in Italy
letter from the Valtelline SAYS that on hearing
OF the preiminares to the peace, Garibaldi Offered
the resignation of himself and all his officers to the
King of Sardinia, but that he refused them
The Government of Romagna had adopted the
Code Napoleon.
SPAIN.
The recent conspiracy at Seville was of repub
lican character, and had ramifcations at Barcelo
ma, Granada, and Santander. The conspiratOr:
were to have met on given day in. the Place de
Dugne, Seville, to commerce the insurrectioD but
before that time twelve or fourteen of them were
arrested and the Place occupied by troops.
The Madrid Gazette officially announces that the
Queen of Spain is in the fifth month of pregnancy
INDIA AND CHINA.
The India, China and Australia mails reached
Rarseilles on the 29th. The dates are: Calcutta
June 18th; Hong Kong, June 4th; Melbourne
May 10Th.
The Calcutta produce market was inactive. I'm
ports dull. Exchange Is. I'D.
At Hong Kong Exchange was As. lO1%d 64s
lid.
At Foochou tea was active and higher Imports
dull. Exchange IS. I'd. 95s Sd.
At Shanghai tea was dull Imports quiet SilB
rather dearer. Exchange 6s. Sd.
From Singapore June llth, it is stated that the
inhabitants at Bangermissan had risen and murder
ed nearly every European.
At Melbourne produce firm, and im ports in
active. Exchange l1292 per cent. premium.
There was great excitement at Melbourne through
the Chinese refusing to pay the residents tax, and
numbers had been arrested.
CAPE OF GOOD HOPE.
Cape of Good Hope dates are to July Dist Sev-
eral shipwrecks attended with loss of life had oc
Cured on the South African coast, but no American
vessels are mentioned.
THE VERY LATEST.
LONDON, Saturday.--The DailV Netys city article
says the stock Exchange on Friday was quiet. The
extreme variation being scarcely one-eighth.
In the other departments there was little altera-
ton in prices. The demand for money was mode
rate. No bullion was taken from the bank the gold
wants of exporters.
The Times city article saws: "The funds opened
on Friday at fractional improvement, but soon
showed renewed dullness. The extent of the bust
ness was unimportant, and there was little spirit
shown in any department. There was good de-
mand for money, and in the general market two
and halt per cent was the lowest rate. At the
bank applications was limited.
The Morning Post says that according to reports
IN Paris last night Count de Persgny has deferred
for day or two his return to London from Flor
ence on his mission from the Tuscan government.
The Sandman Penipotentiary to the Zurich Con
ference reached Paris Yesterday, and had an inter
view with Count Walewski.
The lnvalide Russo says the cabinets of Paris and
Vienna may make whatever treaties they please
but in fixing the lot of Italy they are bound to ask
the concurrence of the rest of Europe.
SHIPPING.
Arrived from New York 23d, DR.. Barth at Ham
burg; &C. Emerald Island, Liverpool 26, Mercury
at Havre; Plymouth Rock at Deal; 2Sth Blue Jacket
Robina at do.
Arrived from New Orleans 23d, Harry Hammond
and Fanny McIIenry at Bordeaux; 2Sth, Cordelia
at Deal
Arrived from Philadelphia 2sth, Mary Ridley at
Deal Goth, Anne Grant at do.
Arrived from Boston 29th Leapino Water at
Deal.
Arrived from Charleston, Role in the Clyde.
Sailed from Savannah 2Sth, Georgia, from Liv-
erpool.
COMMERCIAL INTELLIGENCE.
LIVERPOOL CoTToN MARKET-The sales of Cotton in the
Liverpool market for the week add up 63 400 bales Of
which $500 to spectators and 5000 to exporters the
market closing with good demand, which caused hold
ers to ask an advance of but this only partially
obtained, making the weeks advance on the finer quail
ties very tring, while the quotations for the inferior
qualities barely maintained Holders offered freely
but showed disposition press sales The sales of
al 70 haI Of