The New York herald., 1878-02-24

age of the liberals holds out the consequences are
likely 10 be grave" There is an uncon6rmed rfinor
that Herr Otto Uamphausen Minister OF Finance and
Vice President of The Council OF Minister'S has rendered
his resignation"
BISMARCK RETAINS cAxPHAusEx.
later despatch reports that Par lament yesterday
resumed the debate on the imperial tobacco tax and
stamp duties Herr camphaussn, who is tree trader,
reiterated his views He ssc he had frequently offered
Prince Bismarck his resignation and would not rs-
rnau at the head of the financial administration un-
less supported by the parties Prince Bismarck COD
drmed the statement that Herr Camphausen's resig-
nation had been offered said he would not accept
because absolute difference exists between them
at present The bills we're referred TO the Budget
Committee.
FRENCH CHAnBERs
In the French Chamber Of Deputies yesterday N.
Leon Say Minister Of Finance, amid cheers from the
Lett introduced a bin thorzing collection OF
laxes March without awaiting the sanction Of tho
Budget in the Senate.
CARDINAL x'cLosKEy IN ROME
A telegram from Rome dated yesterday reports that
Cardinal McCloskey has arrived in that city.
i't
Aovces from Cape Town to February 6. sent by tel
egraph from Madeira, say the Kaflr war to DO
approaching an end. Sir Bartie Frsrc, Governor and
Chief Of Cape Colony, and the Ministry
have had differences regarding military affairs and the
Ministry were dismissed.
THE OLDHAM LOCKOUT.
The lockout oi the 1000 weavsrs at Oldham. which
began Friday Is not expected to last long, as tho
weavers do belong any trades association hit
is not quickly terminated ig likely 10 the dis
employ Of 600 operatives other branches Of
the trade.
LONDON STOCK NARkHr.
Tha -, fuan riaa
the price OF silver has been tho result for the most
part. of speculation It's maintenance consequently
depends upon the present holders being
relieved Of their purchases by an actual
demand" The Ecomomist says:-'sThe rate OF
discount in the open msrkst has been 0rm
at * per cent The In the price OF silver Is due
passage Of the Bland Silver bil the speculative
absorption or the India Councils paper and pur-
chases by Russia from Germany for coinage purposes
The stock markets. have been subjected to very sharp
fluctuations during the week On Thursday the fall
OF prices was almost universal.
uxFoUNDRp RUkoRs.
Statements were circulated that Russsia was mass.
ing large bodies OF troops in oumana and buying s-
yer from the Germans 10 heavy amount; that our
government hurrying forward preparations, and
that Lord Derby would make unfavorabe state
ment IN the House OF Lords that evening. This Lord
Derby did not do. Consequently there has been q
fairly good revival Of confidence and the result OF the
week bcen q moderate Improvement IN most secu-
rites.
THE AMERICAN SILVER BILL.
The effect OF the passage Of the silver bill through
the United States Senate by more than two+hirds
majority not at once apparent in American bonds.
Prices at first showed tendency to ADVANCE probably
in sy ympa,hy with the general tone OF the markets
but there has since been genuine selling which
caused a relapse. The American railroad market has
beon comparatively we'll supported.