New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-06-07

LORD COWLEY.
Lord Cowloy had left Paris, being summoned by the
British Government for consultation.
THE BUDGET
Bills 10 carry out the measures proposed In MI Gad
stones budget debated ana passed 70 second feau
ing.
THB PEABODY TESTIMONIAL
An influential meeting was held az the Mansion House
London on the oath presided over by the Lord Mayor 70
naprurate the movement to raise monument 10 Mr..
George Peabody the American banker Resolutions were
adopted that the statue should be erected IN some con-
spcuous spot in the City of London in testimony OF the
gratitude OF the people of England TO Mr. p abody and
that Committee be appointed to collect subscriptions
for the purpose. -
Several journals rdcule the idea Of erecting statue as
the most appropriate way Of honoring Mr.. Peabody.
PRINCESS OF wALBS'S DRAwISG-R0oM.
At the drawingroom reception held by the Pnncess OF
Wales on behalf of the Queen, the American Minister
presented Brig Gen William Bartle,o the United States
Amy.
Archbishop Cullen has been created a Cardinal.
PROGRESS OF THE ATLANTIC CABLE.
Inward of 900 miles of the Atlantic telegraph
cable have been slowed the Great Eastern. About 90
miles per day slowed away the WORK proceeding Gay
THE GREAT EASTERN
II found that the Great Eastern viii not be able 20
take all the necessary cable, 300 miles on BOARD Inc
screw steamer Midway consequently has been chartered
to take about 500 miles Of the old cable from the Great
PREPARATIONS FOR LAYING THE CABLE
Another steamer the Albany is also engaged 70 assist
the epterprise and the British Government has again
granted the services the Terrible 10 accom-
panv the expedition Each Of the three steamers ere TO be
furnished with graphing apparatus, 80 that the old cable
NAV be grappled az points mile apart 10 break the
strain and give greater security. The Great Eastern
will only partially coal at Sheemess owing 10 her great
draft Of water She is expected 20 quit the hmbor june
2s and start day two after for Beerhayen, Ireland
where she viii complete coane and proceed to lay the
cable.
PRIZE Plight.
The prize fight for the championship between Mace aud
Co.'S perfect farce The men did tiie but run about
and spar for hour and quarter, when they shook
hands and the affair ended IN draw much 70 the iudg
nation Of the spectators and patrons OF the pn1e ns III
general.
FINANCIAL DEPRESSION.
The financial and commercial affairs OF England con-
tnued 10 show great depression The Bank returns show
continued drain Of gold and the pressure for money H.
dicates that the crisis is not yet over
THE TINES on THE FINANCIAL CRISIS.
The Times il It's city article says: Although the sns
pension of the Bank Charter Act did good for moment
by arresting the disastrous the banks II can now
hardly be questioned that il has III some respects aggra
waited the commercial pressure and intensified the ncon
venence which all mercantile and financial classes have
been exposed The Times says Either the crisis must be
allowed 10 wear itself ont matter what period II
may extend what destruction IL may cause or If relief
is 10 be sought il must be through other means than the
suspension Of the Bank Act. II suggests an issue OF
interest bearing credit notes at three six months as the
best means Of relief.
FURTHER SUSPENSIONS.
Among the latest suspensions are MacCuloch, John a.
Co. of Liverpool India merchants with liabilities TO the
amount Of $50 600 and w X. Conbrough Co.. OF Liv
erpool American cotton merchants, with liabilities Of
GlJ0000.