The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-05-18
Our London Correspondence.

LONDON, Nay 8, 1859
A General Var Alaym-AH Glasses Soeculrtinq on Ea,
lands CAance,-1he Russo Freach alliance Arneu,sccf
10 Victoria a. Royal Dinner Party H,,o iher Mejesty
ZOOS 46ec,ed-1he Grea. Panic on Change
The telegraphs have been of late so buoy flashing ca
wards all Europe about the war; that even the gentry
the coise the Paris Bourse turn up their nose At
these reports of which are utterly false the
only facts which reliance be placed being that Aus
hh has marched army the boundary Of Pied.
mont, that Victor Emanuel and his court have
retired from Turin TO Genoa, and that Louis Napo-
leon, in compliance with 3 requston from Sardinia
is transporting troops by and land 10 back his Pied
moptese allies So Infinite, however, are the political
complications OF the great questonwar or peaceand an
fearful the proboty Of England being iaroled in ho
ties, that all classeseen from the QUEEN upon her throne 3,
the knnJea mechaaic IN his morhshophdre p1rt1ke more
less Of the arprehensions naturally aneceisn general
war 50 near their homes. Indeed last Thursday when the
Queen entertaining her brother law the Duke of
saxeCoburg and the youthful heir apparent to the crown
Of Portugal her Majesty IS said 10 hare be so affected a,
hearing The despatch respecting the league beoeen france
ard Russia as 10 be obliged to leare her guests.
IN the city, however, the alarm has shaken public
credit In manner quite unparalleled for twenty five
years. The SPECTATORS in stocks and shares seemed
wholly Lost IN their apfrehensions augmented as
fhey were, by temporary scarcity of money and a pre-
cp'tauon 10 Inc value OF every kind OF negotiable pro-
perty. Hence followed general scramble to reayise
BocSs and shares, Of all descriptions at vhaiever n,co
they could; and then, Thursday was the for,n,,tlv
settlipg day, which added TO the evil causing ro,c
aon OF the most fearful description. The enent Of
he panic, indeed, is amply proved oy the f,c,
That in three days last week forty folr distinct arS
comprising upwards OF fifty members OF the bouso
(many whose names we have heard, Being Of frat ra,
Iespectablity have been declared deiauterg-laost All
70 very serious amountst is said nearly fourteen
millions sterling in the whole--while the larzei
Specializing houses, whose transactions involve nioa
every week, have been compelled to call for Temporary
vowed go deeply, looked sghast at the fearful havoc
anu sacIlhce oil property going around. In
ac', uuflng Wednesday, Thursday and Friday last
IN suIlnon ana excitement in the neiyhborhood OF the
anu royal Exchange well In tho various courts
o o "hete the Spectators and brokers have their
us, Las LOT petn GqUaued since the ralgay sn ,sb.
ho even al Utter stranger might have noticed the M
woh elolgMed laces Of that Snug dandy loolno
o., io,,,, S 'e NY Who usually appear so cneer.
Tue mines OF Goconda in Their breerhss ' ~
sa1isiactory 70 IND, however, that botb r,S % 'i9
teTdRy TIE market became calm. AGA I, Z. Sea
nst many o. tAe lane ducks vii, ulun,tav o,a, So
claims on them, though nevertheless toe '4o
enormous, involving many in utter ruin 81 yea
exct DeBt OF course extended 10 the other m
fha consequence - that yesterday the average ~, "a
wheat was Jos. higher tnlu last Teek-5read Ss vnas
Ia proportion, while TALON has risen rs "a durir, ~,
Ierioi. Ine quotations OF cotton can h.le are an 80
fall ell being at slaods in The N M cturing d,stt
nor Is there disposition orte,s for tho go
u emit To add 10 II other OF exc euent yye a.
yon know, the DIST Of general election Tue boronrb
I.turn. show majory OF III for the liberals again,
40 conserva,iyes and The moving say that The
itrbytes ~ lonly gthe1 their parry by some siv
ZEN YES, leaving them seal In minority Of more than
one ht nared. WASH