The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1866-05-31
FROM EUROPE.

ASoNN T. EOfGoHE.
The steamship City Of Boston, from Queenstown
MAY II, arrived at New York Sunday morning.
Her news is two days later.
o There was little change in tho aspect Of the
ments, and it was thought she would have nine
nanErea fanGa Thousand mon in tho field within two
% snTua the existing status be preserved so
Prussia was almost completed. Our telepranbic i,
report OF the l7th OF May-tho very latestostates.
in tho face of these facts, that the prospect of
peace Congress was Improving" Indeed. II ia
said that Italy and Prussia had accepted this plan
OF settlement, but that the reply Of Austria had
had letters daily advising him that his assassina
ton was imminent. The electoral agitation in
Iag1r m, OF peace was extending in Prussia.
The money panic excitement continued in pro
cess c, OF abatement in England few additional
failures are reported from Liverpool, and others
9s n The
China, Japan and San Francisco, had failed.
There mere y was heavy drain OF specie from England
The news Of the bombardment Of Valparaiso
produced very intense excitement in England.
ia Inc act OF the sPaniards was denounced in Par
dignston meeting 6eId in Liverpool, commodore ON a @
Rodgers, United States Navy, was formally thank
The Liverpool shipping firms had notified their
| agents on the Continent that German emierants
would not be taken in England on account Of the
The Derby was won by Lord Lyon ; the brother
OF st. ALBANIA, by Stockwell, known as the Bribery
colt second and Rustic third. Twenty-four
tiniah, Lord Lyon winning by half length. The
is 3 s Is not good, it being only at the rate Of 252
Two sculler matches hate been made in England
between Henry Kelly, the champion souller of
Putney, and HamiIl, the American champion. The
races Will be for f25o aside each race the frst
WIN DO iour mile straight away race, and the se-
cond will be five mile race Both will be pulled
on 1.-THE the same same week on the Tyne early in July.
produced alarm .he Sut gave Il pibgue in Ireland
ease would not extend.
The Liverpool cotton market dull and prices
Breadstufs steady. Provisions generally inactive.
~, Colsols rated in London, on the 18th Of May at
s gnsd d,
at ten per cent. in London.
Former Panies I'm England-How Conn
msIo,ai p9s"i Gmbarrassments OF this Kind
From the London Timer City Article, Nav 1871
The panic continues to abate, and the indica-
s sions M increase that, although many difficulties
Mnsf mn yes DO Looked for the effects Of the shock
occasions. Many even Of the embarrassments
that may yet have to be chroniced could, it is
a1ertss Gna sn oaeFste at % assistance be trey
factory condition conaists in the fact that the
Crisis has come after three Or fo1r years q real
lerentiy more wealthy than At any previous date.
that the threatenings Of = Continental war, on
the one hand, and the salutary operation Of our
currency System on the other, have for months
iative public, and to cause many of the addi-
tional schemes to which they would otherwise
have been committed to prove abortive.
rienced during which half-fnished railways and
other public works had to be abandoned, and per-
SONS we're hopelessly ruined who might otherwise
nrfl ntrfa Ata-,
ent occasion there is reason to apprehend that
anything, Of this sort to serious extent will be
witnessed; Again, in the succeeding panic-that
or 1857-lt was found that for year or two q
large number Of the most active firms in Glasgow,
Liverpool London and elsewhere had absolutely,
for long period, been shipping goods at a reek-
less sacrifice, for the sole purpose OF having the
pretext OF an extensive business to enable them
to draw accommodation bills In that way an
Cured. On the present occasion there has been
no very serious squandering OF national wealth,
and the ruin encountered has been mainly from
previously calculated to be symbols OF wealth
they did not actually represent. In this way it has
been zen estimated at least one hundred and thirty
commencement of the present year, but it is
simply from the dissipation Of preposterous
valuations, and not from the destruction or loss
perhaps o-thirds, will be recovered with the re-
turn OF confidence, since it's enormous amount is
chiefly due to the fact that every enterprise and
lish funds and all the best foreign stocks have
been beaten down by the disappearance of the
fictitious premiums OF q number Of inferior CON
Germs. The prospect, therefore, is much less dis
couraging than Il might be supposed, and it may
be- hoped that although the age is probably far
SIsssn TRe1 dosa mosat and Intelligence will
repetition Of such crisis, each succeeding case Of
.he kind will show some Advancement in the pow
% er OF self-control; The general consequences of
the panic OF 1857 were FAR less disastrous than |
those OF l847, and there is good ground to trust
that on the present occasion we shall show fur
ther stride in our ability to bring these periods Of
mania within the influence Of corrective processes
Speech OF the King OF Prussia.
The King Of Prussia recently gave audience to |
the General Superintendent and President of the
Protestant Consistory, and replied to that digni-
tary in the following terms
am especially glad OF the opportunity of re-
celymg, under present circumstances, the repre-
are now passing through is serious and decisive |
Tor the future Of the country I have only deter
mined with an anxious heart, and after long and |
mature reflection, upon ordering military prepara-
tions: My doyernment and do not desire war,
and 1t ls not our fault that the ally which