Year: 1866

ITELECRAP HlC ABSTRACT.
| DATES TO MAY 26th.


Sudden Rise i'm Bank Discounts in
England..NaPoleon Frightens the


PARIS Bourse by Expressing his Ha-


tired of the Treaty of Is15..Mr. Mot


ley, the American Minister, will
leave Vienna if any more Troops
i are sent from Austria to Mexico.


Great Liberal Victory at Mazatlan,


MexicO..Loss by the Great Fire in


New York, $1,000, ,OOO.--Duties on


TObacco..Jeff. Davis's Nervous Sys.


tenn Greatly Deranged.-The Speech


of Secretary Seward at Auburn, New


YOrk..StantOn's Speech on the Sit-
| uat10n..A War Imminent between


Prussia, Austria and Italy--Judge


Thomas, of Virginia, Refuses to


Admit Negro Testimony--Hubba


of Iowa. Introduces a Bill Remov-


ing Restrictions on sending Books,


ETC., by the Overland Mail-EquaI-


ization of Soldiers and Sailors,
| Bounties-A Heavy List of Excep-
tiOns-Major Gilbert ON the Late
Memphis RiOts-Jeff. Davis to Have
the Freedom of Fortress Monroe ON
| Parole-Forty-one Steamboats, en-
| Route for Mon tana, ETC., etc.
Halifax, May 21st-The Bank of England raised the
rate OF discount to ten per cent Ordinary rate in good
times two and half to four). The panic continued on
May 10th, when Overend Quincy Co.'S Bank suspend
ed Many failures known to be certain at the approach
ing half monthly settlement the Stock Exchange The
News" applauds the wise and prompt action of the
Government and says that during Friday the Bank had
extended its discounts until the exceeded four mil


mons sterling; the effect to reduce bank
nearly three millions sterling this dminuOn and the pre-
vailing dstrust justified Government Intervention. The
action of the Government announced the House of
Commons on Friday at midnight by Gladstone who had
been engaged all the evening in consultation with bankers
and others, who represented that the panic was without


parallel in the financial history of the country Glad


stone said he had addressed letter to the Bank of Eng


land that if they should find afford relief to the
wants of legitimate commerce. and make such advances
would require the issue of beyond allowed
the Government recommended them hesitate doing
and undertook in the of that contingency make
immediate application for act Of indemnity. The Bank
OF France the 1h advanced the of discount from
three and half to four per cent Napoleon made sgn-
cant speech at Auxere in which he said he deested the
treaty of 1875 the Paris BOurse had accepted as sig
nal Ior war severe panic had set in.


Washington, May 2lst.-The Colorado Senators elect
and other friends OF the bill working strongly to pass
over the veto.


New York, May 2lst-The Vienna correspondence of
the London " Times 5" says Mr. Motley had announced
that he would leave country another BODY of youn


eers was dispatched to Mexico detachment of thou
sand men was TO have embarked Trieste May 10TH
but there is no announcement of their doing So The
Commercially money article says the Government sales
of gold will call into the Treasury about thirteen millions
Of currency and the demand Upon the banks for this large
amount causes slight furry upon the money market;
understand there probability of Secretary McCuoch
calling in certificates of Indebtedness sufficient to return
upon the market all the currency being Withdrawn
through the sales of gold The Times editorally saws
gold was parted with at the going rate of the market with
no snted grudgng hands, and should later news be
construed to require double five fold to
believe it will not be withheld.


New York, May 22d-Detas of the engagement between
the Liberals under Coroua and the Imperial garrison at
Maztan show that the Liberals gaineda brilliant victory
and that Corona master of the situation
attacked and routed another expedition Ortega oppo
nent of Juarez proposed to enter Mexico from California.
The Academy of Music, burned to-day was valued at
$50 the total loss caused by the fire will not exceed
million dollars


Washington, May 22d-In the Senate Williams ntro-
duced bill granting lands to aid the construction of
railroad and telegraph from Salt Lake to the Columbia
river bill opening the public lands of Alabama Mis-
sssppi Arkansas and Florida to settlement, under the
homestead law without regard color and extending the
benefits of the to the late rebels who take the oath of
future allegiance, was debated and passed. The House
passed the bankruptcy bill reported last Thursday-ayes
b9; 3s. The House had elaborate debate on the
tobacco tax and agreed to the following on caven
dish plug and twist sixty cents per pound fine cut
forty cents cigars of all kinds four dollars per thou
sand and forty cents advalorem provided the first dol
lars valuation be not observed DIR. George E. Cooper
post surgeon at Fortress Monroe reports medical exam
nation of jeff Davis made in compliance with nsruc


ons of the President saying that Davis is considerably
emacated and his nervous system greatly deranged want
of sleep has been the great and almost principal cause of
his nervous excitement this has been produced by the
tramp OF sentnes and guard of relief which almost nva
rab awakes him he has scarcely enjoyed two hours
unbroken sleep since his confinement precautions have
been taken by placing mating along the sentry walks to
alleviate this of disturbance but with only partial
success.


Washington May 23d.-It is believed that an offer of
mediation between Spain and the South American repub


lies would be very agreeable to the Queen of SPANS gov
ernment


Chicago May 23d.-Secretary Seward made speeeb at
Auburn, New York, last night saying the national life
lately hung the issue of victory in war; it now
hangs on thS issue of reconciliation in peace the nation
must lve-t must live forever whether it receives the
needed care in emergency at the hands of
Congress and party the hands of another agree it


altogether easier and more desirable that the work SO
happily begun and successfully prosecuted heretofore
shall be continued and ended under the auspices of the
National Union party and of the President and Congress
as representatives of that party agree therefore that
would be sad misfortune the divergence between the
President and Congress should work the decline down
fall OF the National Union party both the President and
Congress might well expect be equally involved in the
calamity which should dismiss the Union party from the
national councils and with modification the great
responsibility to which the party had in that proved
itself unequal to- the duties which then be assumed
and discharged by and vet uudeyeloped political
organization but the President Congress- statesmen and
parties are of no avail when weighed against the national


life what then does the nation need needs reconstrue
on and just needs nothing more let reconstruction
be made the first thing rather than Congress any of the
constituency the country exhibits at this moment this
extraordinary and interesting phenomena-States only
kindred but allied, yet hostile to each other for such
condition, mutual reconciliation is the only practical rem
edy what hinders the application of that remedy the
legislative councils the Presidents position absolutely
taken well defined and universally undersood
not accept less than cannot require because
even If more desirable, yet that is debatable
and must be the study and work. of ourselves this
particular PERIOD but OF ourselves and here
after.


Washington, May 23-The President and Cabinet were
serenaded tonight by the National Union Club Secretary
Stanton, being called upon his residence read manu-
script speech saying he had been in favor of qualified ne
gro suffrage in the reorganization of the Southern States
but after calm and full discussion he yielded to the univer-
sal arguments resting upon the practical difficulties be
encountered in such and to the Presidents con-
yicton that to prescribe rule of suffrage not within
the legitimate scope OF his power cOncurng however in
the objects of the Freedmens Bureau bill and regarding
the power therein conferred temporary and in safe hands,
he advised its approval but having been returned to
gress with the Presidents objections and having failed to
the