The New York herald., 1876-01-02

A Gratifying Financial
Ou tlOOk.
[sPEo1AL DESPATCH TO THE HERALD BY CABLE
LONDON, Jan. l, 1876.
New Years Day in London was ushered in
with wet and dreary weather, and the same
uncomfortable condition prevailed to late
hour in the evening.
LOOKING BACK.
The London journals print lengthy re-
views Of the past year, and the Times sum
marizes IN a single brilliant article the
European history Of the last quarter cen
tury.
THE THUNDERERs RETROSPECT.
The last twenty-five years, it says, have
seen the beginning and the end of the Sec
ond Empire in France, the Crimean war,
the Indian mutiny, the independence and
union Of Italy, the extinction of the Papal
temporalities, the attempt and the failure
TO break the American Union, the
union of Germany, the conquest of
France by Germany, and have seen Spain
SURPRISING herself in revolution and anarchy.
The quarter century has seen Central Africa
opened to the gaze of civilization; has seen
steam substituted for sails and armor plates
for wooden walls; has seen England stretch
ing the limits of her empire in spite of her
self
THE DEAD YEAR
Speaking of the events Of last year, the
Times thinks the Spanish government gives
promise of pormanence. The Turkish re-
bellion, it believes, might involve all Europe
in war if the great Powers were not sincerely
DESTROYS to avert crisis The most inter
cstipg American political event, it thinks,
was the reaction against the successes Of the
democrats
THE DAILY NEWS ON AMERICA
The Daily Ners says the United States
close the year with peaceful professions to
Spain and Mexico but that both Powers feel
warned rather than reassured.
THE STANDARDS" FAvoRITE.
The STANDARD thinks that from posterity's
standpoint the Arctic expedition will appear
the most signal event of the year. This is,
possibly, because the Standard is tory
paper, and the tory government found the
money.
THE ''TELEGBAPH's' PETS.
The Daily Telegraph naturally sees the
great historic event in the Niyanza ex-
ploratons of Stanley and Lieutenant Cam
eron's Journey across the continent of Africa
ENGLISH POLITICS.
On home politics the Times thinks that
the gloss of popularity which Disraeli's
Ministry first wore has been partly rubbed
Off referring to the Plimsoll overthrow, the
Admiraltys obnoxious Fugitive Slave Cir
oular" and the naval disasters
The Neaos says Of England's prospects,
"We have a Aourishing revenue sounder
trade, peace abroad and tranquility within.
In Parliament Dsraeli enters the new year
with his hands iudiciously strengthened.
Three conservative peers have acquired new
honors and two conservative commoners
have been raised to the peerage
THE SHOPS opES.
The city stores-or shops, as they are
termed here-were open, and trade was con-
Quoted as usual on other days.
THE BANK CLOSED.
The Bank Of England was closed accord
ing to custom, bills falling due to-day being
payable on Monday, the Sd inst.
NO PARTICULAR NATIONAL CELEBRATION.
England, as a nation, does not celebrate
The advent Of the New Year in any particu-
lar manner, but some Of the congregations
attend divine service in their churches.
AMERICAN OBSERVANCE.
The Americans resident here kept up the
same routine Of festivities and interchange
Of social compliments as they have been ac-
ausiomed to in the land Of their birth. They
visited their friends and entertained all
friends and acquaintances who called at their
respective residences.
MINISTER scHENcK's RECEPTION.
Hon. T. G. Schenot- limited States Min