New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-01-26

ing of IL due to no redundant harvest at home,
for our importstions from Russia France and
Ssr. actually increased in value; the differences
is owing simply 10 the diminution Of the Surplus
produce In America itself The importation Of bullion
and specie from the Union has declined In the same
ysy. In the IL months Of 1895 1t amounted TO
"a 3s Co., against &c 600 in the corresponding pc
Rod Of 1884, and In the single month Of November the
importation fell from Rs7l 800 TO a337 22i 1t 10 evil
dent that the balance between me Union and oursss.
paid BY some third country against which there has
been balsnce Of exchange with America There
every reason TO dsbeleve this and the truth Is that
the balance has been In part provided tor BY the pur'
chase Of Federal obligations on this side-in other
words BY permanent loau-and In part by large ex'
tensions Of credit our exporters books The export
in their turn. and long as they dld not In com
petition with foreign Governments and the projectors
Of limited liability companies create demand 10 et
cess Of the supply their profits were large BOT tne
the risks they run. In the present ate Of the Amer
can currency merchants trading with the Union nave
to contend with more than the ordinary chances o.
commerce. The capital OF their customers Is est
mated on q medium which IL liable to unlooked.for
fluctuations Of It's OWL and the trade OF the country
is abnormal and irregular 70 o degree which we NAG
It difficult to realize. The effect OF the nhateo
issues Of paper money on the mercantile spiriii
within the Union is perhsps stil grsver source o.
danger since love OF reckless speculation has been
generated which the easy credit afforded by European
exporters can only serve TO encourage. Inere IA
no necessity for raising a cry Of alarm, but there
clearly call for prudence In making arrangements fof
the coming year. Mr.. MoCuDoch has warned rs OF the
dangers which threaten the mercantile world IN Amer
lea and the intimate connection between the two coun
tries will allow calamity to befa the States without
affecting u.s. The Secretary OF the Treasury hopes te
remove one source OF danger BY reducing the ei
aggerated currency Of the Union. and we ought 70
second bis attempts by curtang credits which involve
the same evil in another form.
FRANCE.
Earl Cowley, the British ambassador To
France having been absent from the usual New Years
reception at the Tuileries, he stormy weather pre-
venting his crossing the channel from England) mac
beeu honored with special audience by the Emperor
in order to express the good wishes Of his sovereign or
Count waewski and the Duke de Monchy had beer
appointed Members Of the Commission for the Gres'
Exhibition Of 1867
The Bourse on the 9th closed fat at Gs4o for Rentes
SPAIN.
The threatening nature Of the military revolt
under Gen. Prm L. fully confirmed but the insurrection
had not assumed more serious character than at the
Martial Law had been proclaimed at
Madrid and other precautions adopted The distribu
ton Of the Oppostion had been stopped
"BAYoygR. Jan. 6.-Intelli Rence received here from
Madrid up on the 5th inst. confirms the news
that Gen. Prim Is at the head Of the insurgents who
The garrison OF Avila consisting OF 800 men, revolted
and marched upon Zamora, but the garrison OF that
place remained faithful TO the Government and pre-
vented them from entering the town. The Avila gar
rson then proceeded in the direction Of Benavento.
Madrid was perfectly tranquil.
"MARDn Jan. 6-Evening .-The latest dispatches
received here state that tranquility prevss throughout
the kingdom. The Government announces that Prim
is In full retreat he appears 70 be moving towards
A ndalusia and the mountains Of Toledo. General Ia
vaa 10 in pursuit and another column under the Mar
on tho retreat OF the
insurgents II 10 believed that the surrectton VIII DO
promptly suppressed Yesterday evening the insurgents
Of Ava were ct short distance from the frontier Of Por.
tuga and harrassed BY several columns Of
al troops Marshall VDonne has stated In the Senate
that the circumstances Of the military revolt are Sc
nous vast conspiracy existed. having ramifcations
throughout Spain. Public order had. however. only
been disturbed In Aranjuez 0cana and Avs. Hehoped
that order would be restored and the state Of siege
raised In Madrid within two days. Marshal ODonnell
added that the insurgents were endeavornR TO enter
Portugal Espartero remains usual at bis residence
at Logrono. Martial law has been proclaimed in New
Castle.
MADRID, Jan. THE latest dispatches received
here state that encouragement exists among the In.
Burgens. Their horses we're IN bad condition, and no
where did thev meet With sympathy from the poPnla
forces and endeay0r TO gain the Portuguese frontier
rumnr having been circulated that Prim was march.
ing on Ssragossa, state OF siege was proclaimed In
that Province.
"BAYosyE Jan. s-Gen. Prim has gained the noun
tans Of Toledo pursued by Gen. Zuyals- Gen. Concha
at Janz9nanes TO bar the passage OF Gen. Prm into
Andalnsia- News from Madrid says that Gen. Echegae
would leave that city with fresh reenforcemens. The
insurgen garrison OF Avla has crossed into Portugal
The prtvinces remain quiet
MADRID. Jan. g. Midnight-The Chamber Of
Deputies have UNANIMOUSLY resolved 10 present an i'd
dress TO the Queen, expressive Of their loyalty to Her
Maestys person. According TO the latest official dis
patches the insurgents nnder Gen. Prim had arrived
at Urdl, In the mountains Of Toledo but It was not
yVla z
ceded that they will experience difficulty In escaping
as the columns under Gems. Zavals Echeque and
Concha acting In concert In order to surround the
insurgents and cut of their retreat Gen. Prim ILL.,
and is compelled 10 accompany the insurgeht column
In a carriage. The garrison Of Avila. on entering
Portugal were disarmed by the authorities. Complete
tranquility prevails throughout Portugal Tran.
GUILTY. continues to prevail In this city. There are
public signs OF sympathy with the pronuncamento on
the part Of the inhabitants. Fresh detschments Of
troops left yesterday In pursuit Of the insurgents 1t
is asserted that the Government has proposed that
Gen. Prim should be degraded from his rank 10 the
army and that the Queen has signed decree to that
effect
"PEEPIosAs, Jan. 9-Letters dated Darcelona. Jan.7
evening. have been received here, announcing that
large crowds had assembled 10 tie streets of that town.
but had been dispersed by the military. Considerable
excitement prevailed The Paris Patrs states thst the
Government had ordered any Spanish In.
surgents who might take refuge In Portugal to be dis
armed and confined at Combra"
The Madrid correspondent Of The London Timss.
writing on the 5th, says Madrid In state OF siege,
and in every probability would soon be blockaded. 1t
difficult to collect Trustworthy intelligence and
next TO impossible 70 transmit IT, while the Government
papers only wrote to conceal and disguise the the truth
THE MILITARY RISING.
The Madrid correspondent of The Times, in
letter dated the 5th inst, says;
We are here In state Of siege, and In every prob
ability 20 be bockaded. II IL difficult to collect
intelgcnce-next to impossible TO trans.
nit IT, The Government papers only write to conceal
and disguise the truth. The other journals seized
day by day, come sadly mutilated and only OBJ
tain peace by pledging themselves not publish one
line on the only topic Of present interest except at the
iictatiOp Of the men In power.