The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-03-13
From Europe.

- AofoiuIioH Hau broken out IN KOmanla.
frlncc GonZa was taken prisoner by the
army and forced TO sign his abdication.
The Legislature unanimously proclaimed
Count Flanders Hospodar, amidst general
satisfaction. Much excitement prevails in
the neiShboring principalities.
holders i'll the Atlantic Telegraph Com
pany is called for the 9Th March i'm London.
After the transaction of tho ordinary bust
| ness, the shareholders arc to resolve them
selves into an extratrdinary general meet
ing, Tor the purpose of receiving from the
| Board communication with reference to
their arrangements for completing tele-
graphic communication with America du-
ring the present year, and an explanation
OF tho arrangements entered into with
the contractors and others in respect
Ghcreto,' &c.
| Rumors of ministerial crisis were still
prevalent in Austria.
The Prince Imperial had been appointed
President of the Committee of the French
International Exhibition Of 1867. The
functions OF President are to be discharged
by the Minister of State.
Arrests of Fonians continued Full par-
tlculars will be found in our supplement
sheet.
THE MEXICAN QUESTION.
1t IS said that Baron Sallard, at the be-
ginning of the month, took his departure,
charged with an extraordinary mission to
tho Government of the Emperor Maxi
milan
The object of that mission, it is. said.
was to arrange the necessary steps for the
speedy return home of our troops. Tho
news recently received from Mexico by way
Of Havana, we are inclined to the opinion,
! leaves us to hope fully for tho success of
ST. Salllaro =; mission. According to pro-
position emanarilg from the Emperor
Macmillan himself, it is regart...l,, 20 nos
siblc that four or five thousand men will
n E,.or 4 ,r
the month of May.-Pdris Pdt''ie, Feb. %.
Tho United States will neither be rc-as-
sured nor be satisfied in consequence of
the proposition to withdraw the above
troops. This proof of good will they will
regard as more superficial than real and
will consider France as still in Mexico. as
long as her liug continues to float there.
We believe that the entente
cannot be rc-establishcd between France
and the Washington Cabinet until we have
abandoned the Emperor Maximilian to his
fate, and let Austria take care of him il
she thinks tit.
lPdrls Opinion N0tiondle, Feb. 90.
OUR FINANCIAL POSITION ABROAD.
The condition of financial affairs, after
months of serious dcprcssion-amountin
at intervals almost to alarm-has under
gone marked change within the last few
days. The stringent policy pursued by the
Bank of England has at length produced
the result desired. The beneficial effect of
high rate of interest in restraining undue
expansion, and enforcing caution as to
new commlttals, has never been more
strikingly manifested than during the pre-
sent winter. That there was absolute
need OF the restrictive course pursued by
the bank has been proved TO demonstra-
tion. Notwithstanding a rate of interest
IN the London market exceeding by two or
three per cent. that current on the Cont
ncnt, the outflow of gold continued in
steady stream for weeks, and the exchanges
remained pcrSlstcntly adverse Now that
the tide has turned, and things have as
sumcd a more cheerful aspect, there is one
remarkable fact we'll calculated to attract
attention. While all other securities were
depressed, and even consols were steadily
falling week after week, United States five
twenty bonds not only maintained their
value, but gradually advanced from 63 to
G7 and are now quoted at 63t. Whether
this exceptional result is justified by the
state OF transatlantic finances forms sub
ject worthy of close examination. The
amount of American securities afloat is
very great, and, as will presently be ex-
planned, it Is about to be vastly increased
The interests on Investments in these
bonds, if deemed entirely secure, is high
enough, even at their present price, to
tempt the withdrawal of capital from ad-
'antageouS and "soful employment in our
own country; a:l. if American Govern
ment stocks should become popular in our
iiaiheI, Ile aDSorpClOn OF capital would be
sufficient seriously to affect commercial
and industrial nterprise-producing in
the event OF disaster even widespread ca
lamity.
The writer then proceeds ut length to
show the insecurity of American finance.
The day after the publication of the arti-
Gle tive-twcnties advanced from 6Sa to 69s.
The Americans in London celebrated tho
anniversary of Washington's birthday, on
the 22d OF February, by public banquet,
at Willis Rooms, st. James. The decora-
tions Of the room included fine old por-
trait OF Washington and a painting of Mr.
John Bright, NJ. p, placed above the
Chairman. The company numbered about
two hundred ladies and gentlemen. Tho
Hon: Freeman Morse, United States Con-
sui III London, presided, and among tho
guests were his Exccllcncy Charles +.
Adams, American Minister to London;
Benz. Moran, Secretary, and d. II. Award,
Asslstal. Secretary of Legation; Professor
Goodwin Smith, Professor Cairncs, CYRUS
W. Field, Mr.. George Folsom, late United
States Charge dAffairs at the Hague, &c.
Letters of regret at inability to attend we're
read from numerous distinguished men,
including Mr.. Bright, who wrote that,
although he could not be present, he
should rejoice with Americans in tho great
triumph which they have witnessed and
accomplished during the past year. Toasts
to the memory of Washington and Abra-
ham Lincoln were drank in silence; also
one to the fallen heroes. The toasts to tho
President, the Queen, Mr.. Adams, the
American Minister, &C., were received
with much enthusiasm. Mr.. Adams was
warmly eulogized by the Chairman and by
Mr.. Mason Jones for the ability with which
nc has conducted his mission. Mr. Adams.
in returning thanks, confined himself to
some BRIEF expressions of thankfulness