The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-05-07

In Louisiana and Texas affairs renSlin at q
standstill, small engagements occurringS low and
then, but with no great results. IT, rebels,
about $4,000 or 20, 900 strong, are concentrated
in the northwest corner of Louisiana, ASH ready
to meet Banks, whenever they can fndslim in a
situation promising them success in the Sttack.
One month from to-day (June 18th, } Che Ma
tional Convention Of the Union Republican party
meets at Baltimore to nominate their - ndidate
for the Presidency. There can be but lii e doubt
that President LINCOLN will be the man selected,
and if selected, his reelection in November may
be set down as near a certainty as any future
event can be. The Legislatures of nearly all the
States have passed resolutions in his favor, which
coupled with the fact that he possesses in q pre-
eminent degree the good will of the people, who
desire that there shall be Us little change in the
administration as possible during the civil war
renders his nomination and election merely q
matter Of form.
The financial condition of the Government
Treasury seems to improve as the war progresses.
Although its debt is rapidly increasing, It's credit
keeps pace with it. Its revenue, aside from loans,
is estimated will amount to three hundred mil
lions for this year. The new tten-forty loan"
as it is called, is fully as popular as was the
''ive-twenty loan" Some of our readers may
not know what these terms mean. We will
therefore state that the s.fve-twenty loan' of
1863 was u loan of five hundred millioni of dol
lars to the Government, at six per cent interest,
payable in gold. The certificates are issued for
one hundred to ten thousand dollars, more or
less, made payable ut the end of each fire gears
from date, or they can run twenty years. This
immense loan was taken up by the people them
selves at par, and faster than the Government
needed it. y new loan OF two hundred millions
is now offered, the certificates made out Tor forty
years, at five per cent, which can be redeemed at
the end of every ten gears from date, at the Op-
ton Of the holder. Hence the name g t~en-forty
loan" Although the rate of interest is lower.
the loan is reported as being taken up at the rate
of two millions per day. The rapidly with
which these loans have been taken, show the con-
fidence reposed in the United States Government
by its own people.
European Affairs
Show but little change. An attack made by the
Prussians on the Danes, March 2Sth, met with q
repulse of the former. The little Danish army
appears to stand its ground bravely. From all
we can learn regarding this Danish war, we are
unable to judge which party is right, but it seems
very much like an attempt of the two powerful
nations of Prussia and Austria to coerce the
weaker Danish power to do as they think in the
matter. Public sympathy outside of Germany
and the two countries named, seems to side with
the Danes, and yet for all that, they may be
wrong in attempting to compel the puchies to
remain as a portion Of the Danish Kingdom.
1t is stated that a conference of the leading
European powers was to meet in London on the
18th of April, to consider and attempt to adjust
the Danish question-just what the French En-
peror sought in his Congress six months ago, and
which, had it met might have prevented the war
altogether.
We notice that on all our best maps. Holstein
is put down as a part of Germany, while Schles-
wig is a part of Denmark This is the old divi-
sion, and it will probably be the one that the
Convention will decide should it be made.
The new Emperor Macmillan appears to be
surrounded with troubles, even before he starts
on his pilgrimage to the Halls of the Montezu-
mas. The last trouble or dispute is about the
line of succession. Now this is a very important
matter, as it is a historical fact that the Mexicans
never allow any I" succession" in their empire.
Their rule is-the one who can get the throne
may keep it as long as he can, and then when he
vacates the next strongest shall have it.