The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-07-07
LATER FOREIGN NEWS!
Commencement of War in Europe.


BY this arrival of the schooner San Diego. with
dates from San Francisco TO June Is, important news
is received. a letter, from Messrs. C, w. Brooks y
Co. dated s p NJ of the 18th, advises us that by
late kilograms received this T. N, to bankers aud
others, we learn that war has actually commenced in
Europe, (between Prussia and Italy on one side and
Austria on the other and gold in New York has
advanced to l64, and one report says 16S. Tits
thought gold may advance to 200 aud even higher"
The clipper ship Uiiiidm Hiicor, to sail June
%, will land the Eastern mails at Honolulu.
Bark Ethan Alien arrived over on the 18th Of
June-17 days from Honolulu. Her mail goes for
ward by the steamer of June 10, and would reach
New York July 10.
Thad. Stevens made q startling speech in Congress
June 10, on Mexican affairs, in which he denounced
Macmillan, and called on the Government to enforce
the Monroe doctrine. declaring that.as he had been
forced into Mexico when America was in trouble.
that he should lie forced OUT of Mexico, now Europe
was in trouble. He advocated a National loan of
City millions to Mexico. The speech made a great
sensation.
Hon. Lewis Cass died at Detroit June 18th. aged
eighty four years. He was a native of New Hamp-
shire, and Secretary of State under Buchanan.
The firm of Peto s. Belts, of which Sir Morton
Peto was the head, and which suspended payments
early in the panic, has resumed business. having re-
ceived liberal assistance from America.
Gold in Europe, about June 1, was quoted at 125.
Should the European war continue long, the pre-
MUM on gold may advance till quoted at 200. or in
other words. one dollar in gold will be worth two
dollars in paper. This is one Of the blessings Of
paper money SO loudly Wanted by our blind Minis
tiers. This panic ought TO be n lesson TO politicians.
MISSING VEssEL-Fears are entertained for the
so 10 - of tho Rramen bark IibeIIp. which sailed from
San Francisco for Hongkong on the 18th of January.
The LibeLe touched at Honolulu, whence she sailed
February 18th, which would make her 81 days cut,
at the last advices from Hongkong. Among her pas
seugers from Honolulu we're Madame Anna Bishop.
Messrs. Schultz, Lascelles. Van Reed and Kisaboro.
The failures in England continued as heavily as at
any previous date. Gold had advanced to a premium
Of % per cent in Bremen. The Agra and Master
mans Bank Of London had suspended with liabilities
for 500, 0O0, 900 (uinety millions q dollars.) The
United States would only be affected by the return Of
protested sterling bills, and only n few houses con-
nected with British trade will suffer.
Concerning the warlike state of Europe. the Buife-
TN of the 18th Gays, before the news of actual war
had been received
TIE WAR PRosPEcTs-LATE News FROM EURopE.
From the news published today, there appears
little doubt that Europe is upon the point Of being
convulscd by a war. 1t is announced by telegraph
that the Peace Conference, which was to have assems
bled at Paris, has been abandoned, owing TO the de-
mands of Austria, which we're regarded as equiva-
lent TO a refusal to submit TO terms TO be dictated by
European Powers. 1t appears scarcely credible that
Austria, with Prussia and Italy both ready to make
war upon her, should not consent TO an adjustment
of international questions through the Intervention
Of Russia and Great Britain, If there was not "a
secret understanding between her and France that
she should be compensated for the loss OF Venetia,
which il sure to take place in the event of a war.
Everywhere in Europe the belief IS general, that
France is intriguing with the three powers which arc
now so intent upon strife. with the ultimate purpose
Of territorial ACCOMPLISHMENT. The outlines of II
reported secret treaty between Italy and Prussia arc
even given in Austrian papers to the effect. that
Italy binds herself to declare war against Austria as
soon as Prussia shall have declared war against her
or shall have committed an overt act of hostility.
Prussia binds herself TO commence and continue war
until Venetia, with the exception of the strongly
fortified places (pidceS fortes) and Venice shall fall
into the hands of the Italians, or until Austria shall
be ready to conccde them voluntarily. The Prussian
Government binds itself besides TO procure to Italy
the possession of Venetia always with the exception
of strongly for iied places; she WILL guarantee its
possession to Italy.
King Victor Emanuel declares besides that he will
attack Austria upon the Mlncio with 10000 men.
and that he will send across the Pc $1,000 mtn; and
at the same time with the Italian navy eros the
Mediterranean and there hold in check the AusIrians
aud make an attack against Venice.
King Victor Emanuel promises not to lay down his
arms before the Prussians shall be in possession Of
the duchies Of Elbe. 1t is further state that this
secret treaty bears date the 9th March, 1866.
Our la,es, aivices by telegraph bring an extraor-
binary advance in gold ut New York. induced by the
news from Europe, which is TO the effect that hostili-
ties are almost certain to commence Immediately.
Iialy, in the event of : war, expects to obtain Vene-
TIA. and Prussia to absorb several of the small States
Of Germany. The probabilities are that q scheme
exists to reconstruct the map Of Europe, and tina.
Austria as well a. France is n party to The compact.
In no other way eau il be understood why Austria
should refuse to refer her difficulties 10 a National
conference composed OF six powers, two Of which
would cert inly favor her and oppose q general war.
Bus the news indicates that Austria is quite as will
ing to precipitaie a war as either Prussia CT Italy.
1t is dificult to understand why Austria should not
desire to gain as much time a. possible IN hopes that
a peaceable solution would be reached, 'unless she
expects to be benefited in some way. Francis Joseph
must understand what is paten: to all, that Napoleon
III. is urging on Victor Emanuel, and that this must
be in hopes of p~rosting from a general war in Europe.
If what IS surmised be true, it is n fOregone con-
clusion that the map Of Europe will be constructed
anew; France, Italy, Prussia and Austria, being
strong enough to do what they please. France can
extend her froutiers TO the Rhine, Prussia can absorb
the Dnchies, Italy can take Veuitia, and Austria
Wallschia and Moldavil. 1t is no wonder, under
existing circumstances, that the finances Of Europe
are convulsed-that the cid channels Of business ere
being broken up.