The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-05-26

secret convention existing between France
and Russia. There is between France
and Russia what may be called an engage
ment, which they were not bound in any
way to communicate 10 this country, but
which was communicated TO this country
voluntarily some time ago by the French
Minister for Foreign Affairs. II amounted
simply to this that, in case OF war be-
tween France aud Austria. Russia should
assemble AN army Of observation on her
German frontier. Russia has as much right
TO assemble an army Of observation on her
German frontier ms England has to send, as
she is about to send, commanding fleet To
the Mediterranean. Both may he. probably
are, means 10 maintain peace rather than 10
make war. But have further to acquaint
you tina, VT have felt it our duty not only
to request and to receive those communca-
tions from the Governments Of France aud
Russia, but We have gone even beyond this
aud have asked the Russian Government
what, perhaps. according to the stric,ness of
diplomatic etiquette We were not justified in
asking, hut which We asked In the confidence
OF Power that always acts with frankntss
aud traightiorwnrdncss towards her allies
we have asked the Russian Government
whether IN case Of war between France
aud Germany they have entered into any
engagement 10 declare war against Gcrina.
ny. And We have received from the Rus
sian Government the most explicit aud most
unequivocal declaration that no engage
mcni OF the kind exists or ever has been
asked So much, then, for the secret trea
ties, Nd much for the secret conventions. 80
much for the secret engagements between
France and Russia. directed only 10 one oh.
jcct- the humiliation, ard perhaps the de-
struction Of England. You. see. gentlemen,
how necessary II is that country should
not decide in heat and passion,
THs ENGLISH ELECTION
The London Tiafs, Of the Ord, estimates
the number of members returned To the
House Of Commons, up TO that time, to he
$50. The Times estimates the ministerial
gain ut IL, aud the Herald at -.
MONEY MArrkRs--rnk MARKETS.
The London Times, Of the I'D, says
The Bank Of Eng will now make nd
vanc~ on their customers at six months
bills at 80 per cent. The demand for dis
count at the advanced was very active both
in the bank and Ia the open market
The Joint Stock Banks have raised their
allowance on deposits one per cent The
sales being now 81 per cent. the raising OF
the rates to Az per cent. is the result merely
Of the movements OF the public
There Ia really no very excessive pressure
for immediate wants on the part Of the ner.
camille body, but the enormous outlay con
scqaent on the general armlng OF Enrop'
absorbs specie. These causes created m
increase IN the value Of capital during the
two months preceding the declaration 81
war against Russia and the bank lost about
El 600 900 OF bullion. The succeeding TIVE
months Il los, mn additional r2 100 900, an,
from that day up until nearly the end o. tb'
conquest there was no serious reduction.
The same paper Of the 2nd advocate, III
the best means Of ensnring peace, ar rathe
OF obstructing war, the Withholding o
Investments IN French and Austrian secnrI
ties. II says that both Franc. and Austri'
arc " all but bankrupt
Austria IL cheractcristically beginning
terrible war without form IN her chest
and want. to borrow go 900 900, wLcI
she ACQUIRES with drbeniurcs.
We shall therefore. do the best ~eryi cs Il
the cause OF peace ~ well ~ beat consul
our own interest, by withholding the sine~
Of war, and containing ourselves with th
very respectable interest which :. ~ now u
our power to obtain by Investing IN gu
own funds.
suIrwhr,x --vorR HUNDRED AND TWENTY
, FIVE rgnsoss LOST.
The American snip Ponerpa, Capt MGR
rihew, which sailed from the Mefs"y on ,h
9TH ult. wa. wreck, on Black water Bank
near Wexford, Ireland on Thursday. Apr
2S'h.
She had 1913 passengers and crew Of D
! I men.
Seventeen Of the former are rtpor,e'
saved, aud three oi the latter
The r,s, were drowned. the chip sinkinJ
in nine fath0ms u water
The Wexford nrelani) Constitution Apr
90, after relating how the ship was drive
upon the bank, rays:
The pass ngcr. rushed 10 crosds % th
: deck. mos, Of them but partially dfes-sd an
+, many with only their Diahi clothes On. 70
! a short time Wild scene 81 terror and cor
fusion en.ued which, however. gradual
subsiIed ss the calm orders Of the capipl
: were obeyed ny the cre~, and sometbln
= Ike order was ~ established. The pump
we're quickly manned, AMI il waa found ,ba
u the vessi was fact making water but 'h
captain Wa in hopes that II the weathe
nolsrated h. sbonld bs able IN the m0rnln
; TO land all b. passengers by means Of hl
% boa,s. IN this. however. he wa doomed y
b. disappointed, as the continued with 10
creased fury during the whole Of the day
In the course u the morning an at,cnP, W"
made TO launch the t:boat., bat they wer
0 s,oye 10 and their crews drowned In TIL
, f,ariul stat Of suspen~ they remained nni
D. towards evening. when the ship, which ha