Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-05-24

HE following details OF the CHbd's news,
in addition TO what were given through our
dispatches yesterday morning, will be found
highly interesting The London Times, of
the 18th, says:
In the Liverpool cotton market there was
an increased panic at the commencement on
Friday but less unsteadiness at the close
At Manchester there was a complete pause.
At Glasgow the iron brokers resolved TO sus-
pend business till Monday.
In the produce markets at London prices
were almost wholly nominal. Taking into
account the depreciation that has simulta-
neously occurred in English funds, railway
and foreign speculations, etc, the diminu-
ton in the market value Of this property
since the beginning of the year may be con
sdered 10 reach one hundred and thirty
million pounds sterling, to say nothing Of
the losses on cotton, cotton goods, iron, and
other articles.
The Times, in an editorial, saws: If any
thing can justify the suspension Of the
Bank Charter act, the panic which swayed
the city 10 an fro on Friday may excuse the
rtep although we believe the reign of terror
was approaching its end, and would have
speedily ceased had no infraction on the
bank law been permitted.
Ii cannot, however be denied that at
about midday yesterday the tumult became
a rout. The doors Of the most respectable
banking houses were besieged- more, per
haps by a mob actuated by the strange sym
pathy which makes and keeps mobs togeth-
er, than by the creditors OF banks The
throngs tearing and tumbling about Lom-
bard street, made that narrow thoroughfare
impossible. Such excitement has not been
all fl.s e
1925.
Each man exaggerated the suspicious of
his neighbor, and until a report at that time
uniounded, was circulated in the afternoon,
that Government had authorized the bank
directors 10 issue five millions additional
in notes. IL seemed as if the fear and distrust
became bOundless The statement was
baseless at the time, but served 10 allay the
panic, which had no solid foundation The
announcement of Peto's suspension did not
revive the panic in its first intensity and
the statement Of other stoppages produced
little effect.
War for the moment is overshadowed bv
the financial panic. There is no modifca-
ton in the threatening aspect of affairs.
The Times in summary view of affairs,
on the ilth says:
The whole Prussiau army, and great
bodies of troops are massed along the from
tiers.
Austria is bringing into the field every
man she can raise, and il is enough to say
the whole nation is painting for war
There were rumors Of communications by |
France and England with Austria, with a |
view to avert an outbreak, but there is moth |
ing authentic.
The latest Florence papers regard war As /
inevitable, and say a modification Of the |
ministry is about 10 take place. Lamarmo- |
IA will receive the military command.
IL was stated that the King OF Italy would !
leave Florence, Nav -, for Piacenza The !
Italian Chamber of Deputies passed, by a
vote Of 2O3 to As, a bill granting the Govern
ment extraordinary powers to provide for
the maintenance Of the public safety. The
expectation Of horses is prohibited in Italy. |
Offices for the enrolment of volunteers are |
opened in Florence and other cities. The |
Italian municipalities continued TO vote !
awards and pensions 10 soldiers who shall |
have distinguished themselves. and at Mes |
sina the sum of 10000 francs was voted for |
the crew of the first Italian man-of-war that |
shall take distinguished part in the ope-
rations against Venice. The city of Venice !
is said to be closed TO traffic from without |
more reserved in their accounts of arma-
ments and military intelligence.
4 Royal deree was issued on the 10Th, |
dissolving the Chamber of Deputies.
The provincial correspondent of Berlin, in |
announcing the mobilization of the entire |
Prussian army, SAYS the nation may be as
sured that that Government is willing 10 |
maintain peace if il can be done with honor |
'and due regard to Prusslan interests, but II |
has resolved that il must act in a determined |
and fcrciblc manner 20 maintain these inte- |
rests.
Ii stated that Prussia, in reply TO the |
Austrian dispatch Of MAY 1, relative 10 the |
Duchies expressed a willingness to enter in |
TO fresh negotiations upon another basis, |
since that now proposed is not suitable for |
starting point.
The Bavarian Government had ordered |
the immediate mobilization of the whole Ba- |
yarian army.
A number of rcighiug petty German SOW
crcigns had been in conference in Wurtem- |
berg, but the result was not stated.
Rumors are current at Vienna of Russian
preparations for war.
Orders have also been issued from Con-
stantinople that the Turkish army be re-
cruted 10 its full standard and calling out
1900 Of the reserve.
Late dispatches from Vienna say the as
pect of affairs is regarded rs threatening.
Hopes of mediation and peace are regarded
allusorv.
AUSTRIA AND ANERICA-A Vienna tel
egram of the 9th, SAYS that the departure OF
the Austrian volunteers for service in Mex
leo is reported to have been fixed for the
10th Of MAY, from the rendezvous at Lai-
bach. Immediately when the report became
current. Mr.. Motley, the American Minis
ter, had an interview on the subject with
Count Mensdorh The dispatch of the llth
saws that in consequence of the protest OF
American Minister the last rifle volunteers
who Joined the corps destined for Mexico,
have been sent home upon unlimited fur
Tough.
FRANCE-The Paris Constitutional of
the 10Th publishes an article which states
that France has not ceased TO give counsel
of meditation 10 Prussia. Austria, and Italy,
and saws the Emperor's Government desires
to maintain peace under conditions atiording
full satisfaction to her national honor and
interests Ii has no other object, and can
not, with Justice be represented rs engaged
In projects Of war which it regrets and dis
approves.
4 roval decree has been issued ordering
the iormolion Of volunteer corps Of TWEEN
~ hsttalions. under command Of Garihalda.
The latest Austrian dispatches % Prussia
regards negotiations for simultaneous disar-
mament as useless aud contends that Aus
tria. although having no offensive design
whatever against Prussia or Italy. will
maintain defensive measures against Italy.
Warlike preparations are reported from
the middle German States. There were
some slight rumors of pacific adjustment
even vet, but they were not very hopeful.
AuSTRA,r PER City or NEw York
The disabled steamer City of Washington
reached Queenstown the 5th inst.
I'm the House of Lords an inquiry was
made If the English Government had ten
dered meditation.
Lord Clarendon said the Government had
taken care 20 let il be known that England
good offices would he freely rendered, If de.
sired but the report was dlsconrasing, and
England could DO nothing alone.
lie feared the consequences, now that
million of men were .med and ready for
action, and denounced war as unIusuhable
and without cause.
Bills have been also introduced reducing
the franchise in Scotland and Ireland.
Napoleon made a significant speech at
Auxerre. in the course Of which he remarked
that he detested the treaty OF 1919. The