The New York herald., 1877-03-23


A grand reception was held by the Emperor IN the
morning II was attended by the majority OF the Ger
nan princes In person. with their families aud by
Dccal ENJOYS from foreign countries to tender their
congratulations. From to two o'clock a continuous
stream OF princes envoys legislators and depuiatons
passed into tho palace to pay their respects and offer
congratulations to the Emperor. Tho city was pro-
fusey decorated with faes, and last night banqucts
were in progress and the city illuminated.
HUNGARIAN FINANCE.
Tho Austro-H ungarian Minister of Finance has sub
mitted to tho Chamber of Deputies bill authorizing
per cent gold loan for tho OF tho float
ing debt, which amounts to 10000, 900 lorins. The
Minister, In submitting tho BILL he expected the
change in the political situation would be favorable
the undertaking.
DISTRESS IN GERMANY.
Advices from Berlin represent that tho Industrial
crisis in Germany grows worse, and dcsttuton is
spreading with significant rapidly. deputy recently
stated in the Rechstag that actual famine impend
ing IN the Giant Mountains In SicsA In Berlin .
committee has been formed 10 examine measures OF
relief, and other cities and towns have asked permis-
sion to begin important public works SO as to give
employment the poor Altogether the situation Is
distressing and the future threatening
FAILURE FRENCH RAILWAY.
The Orleans and Roucn Railway Company, with
nominal share capital OF So 900 00O half of which
paid up, and bonded debt OF $ls OOO has been for
malIy declared bankrupt
ENGLISH CoysULs AMERICA.
In the House OF Commons yesterday evening Sir
Stafford Northcote, replying to question from Mr.
Gourcy, member for Sunderland stated that at pres
ont foreign consuls in tho United States had power
to settle disputes between and OF ships
OF their own nationality. Negotiations have been
commenced Tor u consular convention between Eng
land and the United States Some difficulties had
in tho question of jurisdiction which would he
hoped, DO surmountcd.
BRITISH CATHOLICS AND THE POPE.
II Is reported here that at a meeting OF
Roman Catholic members OF Parliament on
Wednesday It resolved TO present ad-
dress the Pope the occasion Of the nnieh ami
vcrsary OF his episcopate. Probably deputation Will
20 Rome TO present the address to his Holiness
It IS reported that circular to bishops has been
Issued from the Vatican counseing patience and alb
Btention from provocation during the expected period
OF increased persecution.
Pores HEALTH
According to a Roman despatch the Pope has been
somewhat indisposed during the past few days,
but there immediate for alarm
He was carried from his room to hold tho
oonsistory OF Tuesday last, and received one
ambassador tho day before, but with
this exception all audiences have been suspended. II
is stated that tho Pope still enerains the idea of the
reassombling of tho Vatican Council He has had a
new set of queries submitted to all the Car.
dinals, SO that they may decide IL the de-
lay in solving somo of tho questions which
the previous Council left undetermined be
not calculated inure the Church. 1t said II tho
Cardinals reply the affirmative, the Council will
open November. Signor Melegari will resign the
Ministry Of Foreign Affairs and negotiations are in
progress for the appointment of Count Corti his
successor.
CABLE COMPANIES.
Ango-Amcrican and Direct United States Cable
stocks very strong, and quotations for both are
higher than for many months 1t is rumored that the
Is OF the favorable progress Of negotiations
for working agreement
The directors of the United States Direct Cable Com
pany have issued circular announcing their
resignation. The circular states that tho
directors, seeing that the policy which
they supported Of laying a second cable at
present quite hopeless recorded their resolution
that they would support Mr. Pcnders committee in
policy OF forming working arrangement with the
AngloAmcrican Company, which they readily admit
may also lead to prosperous future.
AMERICA.
The White Star line steamer Britannia, which sailed
Liverpool yesterday for New York. took out
specie to the value Of E2O 900.
THE UNIVERSITY RACE.
Tho betting yesterday on the University boat rnce
was IS to 40 in favor OF Cambridge.