The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-25
ARRIVAL OF the NIAGARA.
TWO DAYS LATER FROM EUROPE
--~-~-~~~-~-
Threatened Financial Trouble
In Europe.
Effects Of the American Crisis
in Europe.
->->~-~~~~>-~~~~~
The National Bank Of Turin Advances its
Rates to Seven Per Cent.
The French Fleet to be With
drawn from Gaeta.
---~~~--------~----
Negotiations for Abolishing tho Passport
System in Europe.
VANCE IN COTTON,
ks.s &sss H.
The French Fleet to be With
drawn from Gaeta.
Negotiations for Abolishing tho Passport
System in Europe.
Adv ANCE IN GOT ON
L.. ks.s H.

Adv NCE IN TON,
kS.s &sss ~
The European mails by the North Britain reached this
city from Portland yesterday.
The Liverpool Post Of the 10th inst sayss--
A private despatch received yesterday In Liver
pool conveying Intelligence part Of which cannot be be-
iieved and the Of which will require explicit
frmation Is 70 tie eeet that Tie BsMk q Erance Is
about 10 Suspend cash payments, and that NJ Mirs the
fnarcier and contractor for the Turkish loan, has already
stopped for 100000 francs The former part Of the
story in itself Incredible dscountenanced by the fact
that monetary matters easier in London yesterday
although the Stock Exchange settling of to-day had by
Mes is not in good odor and queer stories have been
prevalent respecting him; but he Is 30 well beriended
@ s DO menco these
they too important TO be passed over but
have received no confirmation OF them and we know Of
nothing which disp0ses US TO put faith In them.
The Paris correspondent Of the London Post says
Several continental journals have lately announced that
Piedmont would assuredy commence hostities against
Austria IN the spring Permit me TO state ne ea yews
who inspires the policy OF Italy DESIRES on the contrary
TO avoid 1t were possible to come to an arrange
ment for uniting venetia to the kingdom OF Italy
there every disposition the part Of the King OF Italy
his advisers friendly relations with Austria
Victor Emanuel in theory Each sovereign holds, or
appears to hold, the same views, and diplomatists
are asking, Why should not crowned heads shake
hands govern for the good Of the peopes Tho Rus
alan Anbassador at Paris has received Instructions to en-
Continue his protection Of King Francis at Gaeta This
originates in debt of gratitude the Car Alexander
owes the bourbon Tor the sa tne n.e terdhana H. Of
results, therefore that sort OF compromise has
been arranged The French fleet is to leave Gaeta after
period only Now, the Russian version OF the state OF
affairs h France will continue indefinitely to protect
King Onhe other hand the Cabinet Of Turin rests
under conviction that Napoleon I'LL VIII ere long com
pleely abandon the Bourbon to his fate, after going
through the form Of an arfnfstice.
The Vienna correspondent of tho London Times says
The torment in Russian Poland is 30 great that may
perhaps Polish question to discuss in the spring
According TO the Augsburg Ga,te the Austrian forces
in veneta OF 1873 900 infantry So batteries OF
field artillery 900 OF the corps OF engineers and 5000
cavalry These figures do include the garrisons in
the forts and in the navy As reserve there
IS 900 soldiers the neighbohood OF Trieste and along
the coasts Isthra and Dalmat, their headquarters
being Trieste, and IS 900 in Syria, nlyra and Ca
rnthis; headquarters, Crate.
private despatch from Glasgow, via Queenstown.
the 18TH reports tho arrival Of the John Greenock
and also great destruction to shipping from ice.
The English Press ON the American
Crisis.
from the London Post Jan.
or all nations earth the people Of the United States
have Doaest in procAimng their attachment TO the
I'd the rights Of in general have had in the Amer
the noisiest II not the most consistent and the most
hectual supporters To do them justice the Northern
tates have strven hard 10 be consistent II they have
OF succeeded In making all other States free as them
ave had TO fight against two great dilculties-
urst IL greed of the Southern States, and secondly
Union which accords TO separate States many Of
the great powers and responsibilities which in other
sUOn' sssrT res sa,, ne
RIGA Is a separate iDperfup ia inprio The ties that
bind the rest though clearly defined, Of so fra
texture that comparatively slight hitch in the work
ing Of the machinery might easily rend them asunder.
The moral control exercised by the central government
over the separate governments Of the States
be very great. The principle Of Conference must be
sh.ken whenever any question shall arise In which q
particular state any group Of States, has greater
Interest than the Union collectively In casos where
local selishness s greater than any regard 70
general interests, the danger to the Union must be
great, because 1t IL in the power Of any state by
secession, 10 repudiate an overrulng decision at
headquarters THIS fandamental misake in the
Sif,atou Of the Jnig, aNd is being illustrated IN
pey embarrassing ,oay The question Of slavery is the test
which Try The strength 81 the Amerioa~ Union II is
tho strength and of the patton depend much
upon its unity; and feeling OF patriotism and
tona pride suggests that split should not take place "
by any sort of decent compromise 1t be avoided
the other the difference OF opinion feeling and policy
between the Northern aud Southern States the question
of slavery Ia great that the would be guilty Of
breach OF honor too 10 DO forgotten were they TO
sampsr wiz the SACRED Pacpl e. o. b Liberty he way re-
concession they would ruin tho character OF the nation
and sink it to depth OF nfamy which happily we are
present called upon to contemplate. The 1re1
lions OF Europe ,sald WiA and disay TIE de
7atrc u the Ame' lean noiian from, TIE princples "
hOror vty and retd ohich have long distinguished
her in spite Of the brutality Of the Iaholing Sas. Eng
land pdfb uidr ,Uould griece such DETECTION. The
positions Of america reg Ired in tbs oouary Nth cn
int-ex and not much say EngisAmen erp,.
riece nnfagred Iledsure IN TIC prosperity and pro
0res Of lhat great people.
Now what IL that at the present moment threat ems
tn rend this hitherto wise and understanding people
nds simply the rnsas s. the as so p s
shall prevail In the North aiso Whether II shall be al
lowed creep up and further now demoraang
trorf of MIA and aatta IA
has ovrspread tho Union, and set the seal Of the
fourshng and honorable republic to that do,estable
atrocIty For consider what slavery pracsed IN
the southern states implies. II implies the right OF
man TO buy another he would buy beast Of bur
den-to buy woman as he would buy mare--to breed
slaves from that woman, by one father, now by
another would breed colts marry couples together
ns he pleased TO separate them when he pleased; TO
seIl the oIhxng he pleased; feed starve his
slaves be pleased; to hog them, 10 iron them, TO
law and ministers Of religion looking on and blessing
them Ia The name Of the Lord We are not gansaying
that slaves are often kindly treated and enjoy more Of
the actual comforts Of life than the free artisans and
peaeantry OF our own land; but we say that crimes
against humanity and against God, such s We
connived al BY religion IN the southern state
The question whether this shall prevail all
the Union IL the question which Is rending. 70 the
heat the character, the greatness and future
prosperity Of the American people We are sorry but
not surprised at the ssuc wss sure 70 come sSnes 81
consist a small scale, but not on large one One
State has already seeded remains 10 be seen whether
that WIN be the only one, In which case II wiz be the
business o. the rest ~ reduce II 70 reason or whether
others wiz JOIN y, In which the United States will
be United no longer, but divided into wo free and
one siavchoiding The result J> TIE partition Of
Qcn cotng INTO too mall Of ,ahicA however
honorable ,cU N fet@e r time for lack Of s material
elemean Of gssnos; he cther ,nasn(foarag snM and
hated opsongs m1nissd, for lack Of noe py1 oHr,sses
pvfho4a ohtch IN fs Power claim a, v~,~ "a
respect Of cataised o~d frS commups,,s.
Latest BY the city OF Washington via
Queenstown.
LONDON, Jan 10, isei
Tbs London Morning. Posi- contains the foDow.g dos.
patch.