The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-23
Il EUROPE.

sion az tho bottom OF 1t. +"
FrOBs te London Times CITY Article, May 8.
There has been less excitement In the various mar
kes to Gay, but Consols have closed at further de-
cline Of 4, while in shares and foreign securities
there has also in majority or cases been another
fall. The Continental news seems hourly to estab.
heh the certainty OF war, and those who now look
back to the course oil the Paris market. and the
heavy and Indiscriminate sales commenced BY tue
always wei informed French Credit uObilier more
than q month ago, are disposed to entertain q
yictIon hat thIo result viii be but fulflment OF
lOng-sett ed programme,
Al the same time there is a growing impresso n
that the experience OF the Crimeau and Italian
wll be repeated in the present instance, and that
recovery IN the markets can be expected until
hostilitles shall have actually commenced, after
which all those WI have sold in anticipation of that
occurrence will begin to realize profits, aud ask
themselves what they are TO do with their money.
Among the reports current in the stock Exchange
this afternoon was one to the effect that Mr.. Glad
aioBe is gong to Paris for an interview with the
Emperor.
From The London Times city Articte, May7.
The announcement by the Emperor Napoleon to
to the Mayor of Auxerre that, in common with the
Of ISIS, has evidentiy been regarded on the PARIS
Bourse as signal for the commencement of Euro
pean waT, and the Rentes have experienced further
fall Of nearly per cent while this side the panic
In speculative securities has assumed an intensity
vuions Of the past thirty years. Consols opened at
the price OF Saturday, but soon reoed !, and have
Iex-diydend, for the 9th of June-the lowest point
touched since 1S4S, ana more than per cent under
the worst price during the war of Italy and France
The discount demand is unatered. On all unex-
ceptional securities money can be obtain, without
difficulty, but everything that is q shade below
the best is for the moment useless, that in many
departments OF business operations wholly par.
ayzed.
From the London Tines City article Nous.
The Bank OF England have again raised their rate
OF discount. There has again been
although the majority of the public feel convinced
that except in the worst cases, the various compa
mics still retain the whole or the better part OF their
n ia nh IN hoYry ~
rejected IRON the panic so as to obtain the means
of meeting current obligations IN the interval re-
able. In former panics the Ieadinq deiusion has
always been that the supply of bank notes was in
sufhci, nj, and the moment this apprehension was
met by a notification that the bank might issue as
many notes as 1t pleased every found that there
were more notes in circulation than were wanted
and the wild alarm from that moment steadily sub.
aded. At the present crisis such panacea avail.
to proceed unchecked.
The War Cloud in Europe.
ARMAMENTs IN AUSTRIA, PRUSSIA, AND ITALY
THE ENGLISH EFFORT FOR MEDIATIoN-NAPo-
Icons i'o1 eIaNIFIoANT SPEECH IN PULL-AT-
TEMPTED AssAssINATToN OF COUNT BIsMARK.
The warlIke news fro m the Continent is still a
mass OF rumors but there are slight hopes of peace
AUSTRIA,
Orders have been issued for placing the whole
Austrian army on war footing. and for concen-
tratng the army of the north on the bohemian and
Siiesian frontiers. In view of the danger of war
the GovernmenC intends to convoke all the proVin-
Ola Diet throughout the empire 1t is said TO nave
been resolved to employ the ecclesiastical property
rebor nor ae G t eTh p OF %aE and the Coy
~oo'aln advances on security Of this property
, 4kUssIi.
Prince Frederick Charles will take the chief COM
mand oil the PTussian army. A despatch is believed
to have been forwarded to Stuttgard by the Prus-
sian Government, demanding explanations respect
ing the ornaments which are gong on in Wurtem
berg The Prussian Government has issued an
order for the 3D. Sd, 4th, 9th and 9th Corps, well
the 10th Regiment of Infantry, to be placed on a
war 1oothP, the reserve battalions to be formed
and the infantry ra sed 10 Its full SIREN Recruits
will not be called out. The cavalry regiments of
the entire army are TO increase their number of
horses, and to form reserve squaurous of one hun
dred and fifty horses. The artillery has been put ON
o war footing.
From Italy we hear that Austria is threatened bv
sea as well a. by land Rear Admiral Vaccas squad
ron, cOns'sting OF fourteen vessels three of
and anO her iIon.cad lies at anchor at Corin. The
Adrlatic is now prncucally closed to Austrian
ships, and Italy has it IN her power entirely to
squadron, under Admiral Persano, Is assembling
in the Gulf OF Spezzia. The orean of the
Italian Admiralty gives the following as the
effective naval force at the disposal of
Itay:-Twelve large iron-cads, fifteen frigates
and cOrvettes OF the first class sufficient
number OF steam aVisos and smaller vessels, and
fleet of transports which, together with some large
steamers of the mercantile marine, would be aoe to
convey an army OIL SIXTY thousand men. The war
ike feeling, which is still very moderate in Pied.
Ders OF volunteers are coming forward to JON the
Army OF Liberation" The proposal to make the
King dictator during the has been OVerruled
by the King himself, who has declared his deermi-
nation to mainsain the Parliamentary system as
hitherto.
ENGLISH MEDIATION.
In the British House of Lords, in reply to an in
curry If the English Government had rendered its
mediation in the German difficulty, Lord Clarendon
said the Government had taken care to let II be
known that Engand's good Offices would be freely
rendered II desired, but the result dscOuraging
and England could do nothing alone. He feared the
and ready for action, and he announced the war as
unjushtiabe and without cause On the 7tl instant,
Mr. Layard made the following otiical declaration
IN the House OF Commons
"Mr Layard much regretted to say that he could
not give any satisfactory information assurance
with reference to the present untoward state of
affairs on the Continent Thel opinion of her Ma.
jeslY's Government upon the causes ana events
which had led TO that state o. things was well Known
and II was equally we'll known by Austria Prussia
with me greatest pleasure exercise its goOd offices for
the preservation OF peace If those good offices
should DO applied Tor, or If there any pros oect
OF tner Leading to any satisfactory result
Ber MAJ stY's government had pressed TO the
French Government heir readiness to act with them
If there was any lkeh oOd of their exertIOns being
sUcctssu Dut II was quite evident that 1t would be
nnadVsaDie ioT her MaJesty's Government to enter
alone INTO any communications with view to offer
ing their GOOD offices to the powers Whca were now
on the verge Oh going TO war. The House would see
be undesirabe for him o enter iuto apv details M
this time He ar, hear.)
Mr Bsiie asked whether any proposal had been
made for q Congress.
Mr. LsyaTd SAID the question of a Congress- had
been uDder discussion, but no proposal had been
made TO That effect.
NAPoLEoN's POSITION.
Napoleon made a significant speech at Auxerre
France, on the 9th instant. IN which be SAID he de-
II as a signal for war. Severe paLics set IN and