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About Weekly constitutionalist. (Augusta, Ga.) 185?-1877 | View Entire Issue (May 23, 1866)
WEDNESDAY MORNING, MAY 1«, IWSB. theTweekly constitutionalist. By reference to our new term*, It will be *een that the price of the Weekly Constitu tionalist hue bceu reduced to $3 per annum. Onr weekly edition is a mammoth paper, and one of the very best family journals published, containing all the latest news of the day, re views of the markets, and a judicious selection of the dally editorials. Our country friends would do well to give It a liberal support. THE NEWS. The President has vetoed the bill, lately pass ing either houses of this so-called Congress, for the admission of Colorado as a stale. This veto, it is coneeded, cannot be overridden, so that Colorado can neither give the Radicals two more senatorial votes or furnish a precedent for the admission of those ten other states, which, per programme , as set forth In a leader the other day, were to he erected out of the pre sent territories aud by lopping off portions from Oregon and Tennessee respectively. The President, moreover, on the principles set forth as leading to his refusal of assent in this parti cular case is also bound, even were madness to go so (hr as to render it necessary, to continue such refusal in all like Cases hereafter present ed. Colorado has only fifteen thousand popu lation. One hundred and tweuty-llve thousand odd Is now tlie representative ratio and the rule may be regarded as settled that Mr. Johnson will require at least that population prior to assenting to admission. So away goes the nice little radical scheme for twenty-two fresh sena torial recruits and a large reinforcement to ihe ranks of oligarchy in the house. Judge Underwood lias rnkert up a Grand Jury in Norfolk District who, being duly charged by him, have brought in a true bill j against the Honourable Jefferson Davis, for what offence has not, us yet, been made known, though doubtless "treason"- so-called. The trial His understood, will take place in June at Richmond, Chief JtWTirn Chase presiding, Attorney General Si-bed assisted by Judge Clifford, of Massachusetts and Wii. M. Evartn Esq., of New York, for the | prosecution, and Chart.es O’Conor Esq.— 1 t>»V jrasmis*—leading the defence. Judge Uwdbrwoo d is said to have furnished the Marshal with a list containing the names of the Grand Jury finding this'true bill, and as might have been on pee ted a precious sum of rascality has been gotten together under that name. J Three of these fellows are deserters from the Confederate States Army, oue however f —O! lenitive of lameness—having been con victed of perjury by Butler the Beast. — ' Others are renegade unionUtsAsvho changed shies as the wind shitted, others men who, after , making fortunes in the South, now turn against its captive chieftain; and still others again, j creatures from the North, who, discreetly ah- j sen ting themselves while blows were going, j have since the war closed Invaded Vikuinia like jackals, crazy to eat out the reduced sub stance of a fallen race. But ns even Sodom had some good so this collocation of basenesses had among them, by chance, one lionost soul. In the tones of Hangman Jeffries, this unjust J Judge delivered a charge that called for the j Wood of the Innocent in every breath. The law must be strained, the testimony, where lack- | ing, constructively supplied, each rule of Juris prudence strungtothc utmost tension screeched i this boding owl—but a true bill is wnuted, Gentlemen, as the first steps to the gallows and must be hud. Up rises a sturdy yeoman—the foreman and, if report speak true, the very type of the traditional British Juryman—to say that he 11 could not handle those tool* ” Just spoken of by his Honour and must beg to he excused. But on with the dance. The Judge still pipes and the Jury caper—skulks, turn coats, vampires, Vehrwofves, Bench and Box. The truu MR comes In. His Honour claps it in bis pocket and skurries to Washington with the doqm of a noble gentleman whose shoe latchcte be Is hot worthy to unloose. In June comes on the trial, with Chase upon the bench, and inrtmwhile Jefferson Davis— soldier, statesman, courtier aud scholar—pines like a chained eagle in his cage. No 4 a scribbler of them alt has ever moused out an item that pro claims flinching,, but the Iron la deep in that great heart that can die but knows not how to yield. Now, when our leader walks the ram part*, a guard Is sent to clear the way before him they say because he loves not to-be looked on in bondage—but we, that he Is dying by inches, and it would not be well that the world should see and know it. But Mr. Davis is in the hands oi Got* who never sees unmoved or leaves unaided, the good man In adversity. They may kill him, bnt he Is more an antique Roman than a Dane, and would smile upon the scaffold in thinking that they who slay tluf body cannot cost one blot upon his soul. We have lately had a day of iraploratlon by au thority-let u* appoint a time of supplication of our own, wherein for Samson Agonistes we may offer up woman’s Invocation and man’s too seldom prayer. But aliens * The Constitutional Amendment Hi all It* uakednras has passed *• the House," by a two-thirds vote says the nominal Bpeaker thereof—the Constitution requiring this Honse to have two hundred and fluty members where of, by a despotism that regards arithmetic as little ns it does justice, one hundred and twenty eight arc declared two-thirds. The third section, to disfranchise till 1870 all in the South who voluntarily aided the Confederate States Government, was too strong for some of the weaker Radicals, hut the Democratic members forced them, by a parliamentary mnmrnvre to put themselves before the country lu Its favour, and the vmnsnrc passed unaltered. The "Senate" H Is not thought will agree, bnt if so where are the twenty seven Slate legislature* that shall ratify ft ? And these are about the main points, though the usual amount of minor dirty work goes on against us. As ol State interest, may Ik- men Honed that Georgia credit is—thank* to her Convention declaration that repudiation was enacted *• under the lash"—approximating ex esiimt upon the monetary scale. |s<Y\o[}o w ere lately gotten at low rates, on her bonds, tor the poor. The Federal Court is opened in Savan nah dlstriet and indications are that its Jndge Will declare the test oath, so far as regards the bar, unconstitutional, thus admitting the Peo ple’s own advocates to plead for them and obvia ting the necessity of employing "loyal” counsel, who bare buzzed hither in gleeful anticipation. The skies are brightening and all that Is needed is to follow the excellent advice of that Georgia wit, Bill Arp— “ don't he alarmed , don't reseed, don't take back nothin, be halm and sereen." THE DOCTEINE OP COMPENSATION. It was the habit of a former editor of this paper to present in its Sunday morning’s issne articles of such a nature as, while not trespass ing on the peculiar domain of the religions press, should consider some topic of the day from the standpoint of ethics. So good an example would lie constantly followed were it uot for that moat aggravating villainy which arouses a flame of indignation that, without re gard to times, must find it* vent in the language of secular rebuke. Still for ouce, oil this Sab balhfday, it is proposed to consider tiic moral doctrine of compensation as finding Illustration and proof in the polities of the times. This doc trine Is that which teaches that in the great evolving* of this thing called Life, it is so or dered by a good God, that as there is no joy unalloyed there shall likewise lie no cloud without its silver lining. From the lightning that rends to the Insect that troubles, there Is not an evil but has its corresponding good, for the thunderbolt keeps sweet the air and the nauseous hug exemplifies in his wtso con struction the infinite perfections ol our lehovah. Carrying from the physical to the inoral world this doctrine, if is found still to exist in unabated vigour, tempering the good with the had, and modifying the hitter by the sweet. That war from w hich wc have just emerged was in its continuance, as war is ever, an evil thing, but yet bad its mitigating ingredients. It slew men and wrouged women; desolated pri* rate homes and wasted public property, laid the foundations of deep iniquity and defaced the fairest temples of u human freedom. But still, for here comes the compensation, it ex ercised Virtue and evoked Courage, shed fresh glory upon Patriotism aud illustrated Human Goodness anew. The world was taught that Chivalry still lived and, from far beyond the waters, came many voices raised lu recognition of a people who counted all the world and all the glory of it as nothing to Liberty, Equality, aud Ilouour. That war over, the doctrine yet still further works its way. Many millions of free horn men and women lie vanquished—their swords broken and their spear,wshivered, their banner no longer terrible to armies and their hopes prostrate in the dust. Beaten, helpless, naked, without one human friend, wlmt is to save them from the wrath of the stem vm metis f Compensation says the Divine Equality; and all the politics of a twelvemonth past have veri fied the saying. And In that light let us examine them. Mr. Lincoln was a plastic person who, with what we take to have been an essentially kindly ua ture, was mere clay in the hands of wicked pot ters. Misery beyond measure would have been the consequence of his continued life and pow er and, by an Inscrutable decree, he was taken away from tbe one and the other, and a strong man, true, in the main, to light principles, rear ed up in his stead. Confiscation of property was feared, but private sequestration is death to public prosperity aud their own interest com pelled those who had both the will and the power to lie liarsh, to assume a moderation that secured our land and chattel titles. Whole sale hanging was apprehended, but blood would have called for Wood and twenty millions, strongos they were,knew better than push seven millions of desperate men to the wall. Grind ing tuxes were imposed, hut tax is only valua ble for Its revenue, and hate, in the good provi dence of Gon, so overshot itself that, by the very laws of the victor, the vanquished has hitherto been saved from the upper and the nether millstone. No “ rebel"— though he apos tatize- -said the law, shall draiu his fellows, and it wins not profitable for the saints to essay tbe task. Strike out the test oath and how wonld the withers of Judcoa have been wrung. Keep ing it. the 11 traitor" could not and the “ loyal" wonld not, play the taxman. Repudiation, too, was Insisted on, but only so obviously yielded to from dire compulsion that the monetary honor of the South is to-day os a star in glory. The poor man would have paid his debt, and tbe rich mao,"reverencing an houest purpose, will gladly loan him of his store. Representa tion is denied, hut the common wrong of ex elusion keeps us all united. With onr mem bers iu Washington, we might be so weakened by cliques as to fall an easy prey, but to-day the bunch of rods is so stroug iu its enforced cohe sion that eveu the giant power of twenty mil lions well may dread it—for there is no one force so mighty as the close combination of many that are weak. Shoulder to shoulder, like that magnificent infantry that cast* all Macedonian phalanx or Roman legion in the shade, we stand this day a solid (onyeries of States, a thorn in the side of Baal and a stumbling block nnto the heathen. Every where, from the least thing to the great est, there are drops of honey iu our cup of gall. The wolf and the wild boar have benteu the lion, bnt that lion is healing his wounds while his brutal victors are rending each other into weakness. The tangs ot the oue and the tush of the other will grow blunt and weary, as the claws of King Leo sharpen and his teeth wax terrible once more. There is no cause now for ultimate despondency. Tiie stars in their courses are arrayed against the mighty and shimmer on the weak with the sweet lus tres of hope. Steady aud Cool.' as if going into action. Patient and Just, as if ou the sent of judgment- Merciful, true, law-abiding and (kith-preserving—these be thv watchwords and scerif In this sign thou shalt not conquer. Seven millions of freeborn men aud women, unnumbered myriads of teeming acres were never yet made for slavery ami desolation. Good blood, stout heart*, just cause, rich soil, and a great staple monopoly arc onr own, and, with the aid of Compensatory power, will yet j raise ns de profundi s. the countryman. We regret to find tliat Brother Turner finds the sons ol Zeruiali too many for him. Under dote of tbe eighth insta», there appears in that sturdy sheet of his, the Countryman—ever a welcomed visitant to our sanctum, but now alas !to make it wax joennd no more—the fol lowing Adieu. We shall miss the honest coun try face of onr friend, and unite in the aspira tion of the Telegraph that a good crop, better spirit*, end a run upon the "Hattery," may lead, at some not very distant day, to its genial re appearance. Republicanism, our brother fears, has gone forever. That may be and yet not all be lost. There is no republicanism in England, and yet trial i»y jury; habeas corpus, taxation on representation, supremacy ot civil law, securi ty of private rights, and a sound monetary sys tem axe eujoyed. There is no republicanism in France and there the code civile is just and the people far from ground into the dust. Voting every day in the week—which seems about the sum and substance of American republicanism —ean be very well relinquished, but those great rigbts of human freedom, for which the Eng lish people contended through centuries, will never be tamely given up in this country, North or South, and Brother Turner would be one of the very first men to buckle on his armour were that issue once clearly made. The Radi cals, 100, he thinks will overpower President Johnson. Perhaps they may. So the radicals overpowered Charles I. and lopped off the head of Louis XVI, but the Protectorate iu the one case ( turn speedily to naught, aud, iu the | other, "the same grenadiers who guarded the ! scaffold of one Bourbon, stood sentry, ere they I died, at the gates of another. This country ! ean’t he kept under whip aud spur. The North ’ will wake up yet, wc of the South are ready ' now, and together we will pack off the whole scum of tyrants to the nttermoftt peris, of As syria with a vengeance.. Brother T. has to say ! of his trials, and we, who wince at our own i galls, ean sympathize with him. He quotes I some Latin and, Commending its comfort to i iiim, in his own and his country’s misfortunes, I" we present to his attention that tine sentiment of tlie Roman: —- — —nt'c tom fur jiffuit vinci f •fuam c onOndisse decorum 'st." 1 Adieu! Ti'kXwoi.d, Ga., May 8,1565. When The Countryman was established, I was a Southern planter- the highest type of man, as I con ceive it, that the world has ever produced. God, through the severe chastisement of war, has made me, no longer, a Southern planter. This type of man is forever passed away. Allow me to moralize, one tnomenty upon my pride In being a planter. I know it is natural for every human being to believe In's country lobe superior to all others. The Greenlander, it is said, drinks his quart of train oil, at a draught, and glorifies himself in the superiority of his country and his countrymen. I glorify myself in being a Southern man, and having hern a planter. Perhaps I am guilty of the same rustic simplicity and folly that the Greenlander is. If so, so he it. God has made me what I am, and God does nothing wrong. It is a repetition of the grand storv of the human heart. It may be, that in feeling as 1 do, 1 am like the countryman desoribed by Virgil, who thought his own little village home like imperial Rome : “ Urhem quam diennt Romani, Meliboee, putavi Stultiie ego huie nostras similein, quo saepe solemus. Pastures oviuiu teneros depellere foetus.” r“ Fool that I was, I thought imperial Rome Like Mantua, where on market days we eoine, And thither drive our tender lambs from home.”] In my verdancy, I thought Turnwold, my planta tion home, equal to imperial Rome, imperial London, or imperial Paris. I even thought it superior to either. It was all in my love for my country. That love is unchanged, but circumstances have changed. I have a home amt country no longer. (Hold the whole Won hern people responsible for this, Mr. Sumner and Stevens, if ye will.) But it Is true. I I have a home and a country no longer. Living in the spine spot, where 1 always did, I am, nevertheless, an exile and a wanderer. I have hoped against hope. I have indulged the fond dream that ray flag, my country, my constitution, and all my rights under them, had been restored by the President’s peace proclamation. Vain thought! Republicanism lias gone, 1 fear, forever. The radicals, I am afraid, will conquer President Johnson. I had hoped that, under the President’s policy, wo might still have a semblance of the Southern planter’s homo. Now I hope no longer. I fear that God has ordained us unto wrath. 1 fear that we have no Cromwell, and no Washingion. Once already arrest ed and oomlemned by tbe military authorities for he ing a patriot. I can openly be a patriot no longer; and if l cannot I will be nothing. This luring the ease, I cannot longer publish The Countrymen. It was a representative of independent country life, and of the home of the planter. These are gone, and The Country man goes with them Farewell! Why the Confederac y was not Recog nized. —The recent debate in the British Par liament, upon the Reform Bill, has established the tacts us to oue ot the obscure points of his tory—why the Confederate States were noL re cognized by England and France. During the dot site upon tlie Reform Bill, a question its to tbe position of parties having been raised, Mr. D’lsraeli, while half admitting that the (Tory) party with whom he acted were not indisposed to recognizethu Contederacy, declared that one of tbe most influent ial members of the Cabinet was clearly committed to recognition, and not only that, but his colleagues were on the point of acting in accordance with ids convictions and his advice. If this was a hit at Mr. Glad stone, the Chancellor ol' the Exchequer, in his reply, did not see fit to retort, and wc are left to infer, therefore, that while there was no doubt the Tory leaders, and the Tory party at large, was ready and anxious to recognize the Conlederacy, some of the most influential minds in the Cabinet were ready to act in ac cordance with their wishes. It is not certain that the late Premier, Lord Palmerston, is not to be placed in that category. Although Lord Palmerston and the party in power were in favor of recognizing the South, it appears that Queen Victoria herself was op posed to intervention, and nsed tier personal influence both iu England aud iu France to sus tain the North. The eoufessions which the Reform Bill debate is incidentally bringing out, would seem to give additional weight to this view of the case. It is pretty certain that if Ministers had been left to follow their own course, the Tory clamor would have been yeilded to. Personal.— Major General Steedraan, Com mander Department of Georgia, Brevet Major General Scott, Brigadier General Fullerton, Chaplain French, Sir. Davis, special artist Harper's Weekly, arrived last evening ou the steamer St. Helena. * Generals Steedraan and Fullerton are inspect ing tlie affairs of the Bureau under appointment of the President. We understand tbev have given a careful examination of its working in Eastern, Northern and Southern part of South Carolina, including the Sea Islands. In their examinations oh the coast, they have been ac companied by General Scott, 'Assistant Com missioner for the State. To-day. we under-! stand the rice plantations above the citv are to be Visited.—SawwuwA Republican, 18t,-L * j THE EUROPEAN DRAMA, THE GERMAN QUESTION —AFFAIRS STILL PRE SENT A WARLIKE ASPECT. When the City of Paris sailed the situation in Germany was still warlike. C Vienna telegram of the oOth of April says. \n unauthenticated rumor circulated on the Bouree to-day that Austria intends to propose a European Congress. The rnmors ol a minis terial crisis are still current. „ The Austrian note m reference to the Duchies which had just been presented to the Prussian Government is based upon the programme agreed upon by the Ministers of the various minor States. _ , . . , The Saxon Minister for Foreign Affairs is said to have given a verbal and evasive answer to the summons of Prussia to disarm. A Berlin telegram of the Ist instant says- It is believed that the Prussian armaments will be shortly increased. A reply, dated the 39th, to the Austrian note of the 36th ult., has been forwarded to the Prussian Ambassador in Vi enna, stating that Prussia does not agree to the proposals ol the Vienna Cabinet in reference to the question of the Duchies. It lays special stress upon the community of interests of Prus sia and Italy, and gives an evasive answer to the Austrian proposal for disarmament. No immediate rupture, however, between Austria aud Prussia is expected, as Austria will submit her proposals to the Federal Diet, by whom they will be referred to the special com mittees on the affairs of the Duchies. The Vienna Presse of the Ist of May says that the negotiations between the Prussian Cabinet and a special agent of the Italian Government continue. The official Wiener Zeitung publishes a no tice stating that an increased numhertof army surgeons is required, hnd setting forth the con ditions upon which they will be accepted, and tlie advantages they will enjov while attached to the army. TIIE SITUATION IN iTALT—THE YOUNG AND UNITED KINGDOM MAKING READY FOR AC TION, Tlie attitude of Italy continued warlike,.and created much uneasiness, especially in Paris, where war was regarded as very probable. In a circular dispatch to the Italian repre sentatives General La Marmora says: For some time past the Italian Government and Parlia ment have been occupied with the administra tive reorganization of the kingdom. The army was ou a peace footing when the complications arose with Prussia. The Government confined itself to the adoption of prudential measures, and no concentration of troops took place. At the moment, however, when the disarma ment ot Austria and Prussia was expected, Italy saw herself directly menaced by Austria, who increased her armaments and gave them in Venetia an overtly hostile character towards ns. It therefore became indispensable, for the security of the kingdom, that both the land and sea forces should be increased without delay. In taking the military measures required for the defense of the country, the Government has only acted in accordance with tlie state of tilings created by Austria. A Florence telegram of the 29th of April says: A proclamation has been issued by the Minister of War ealling uuder arms the sol diers on unlimited furloughs. Tlie Italia of Turin believes the assertion of some journals that tbe Cabinet had decided to resign to he unfounded. The Government has ordered the front ier line of Mincio and tlie Po to be watched, in order to prevent tiie concentration of volunteers for an incursion into Venetia. > ’ The Italian Ministry has decided upon pre senting to the Chambers a hill for certain finan cial measures which are required by the pres-' cut state of things. The latest dispatches from Florence report: The Chamber of Deputies, on the 3Qth, voted unanimously and amid loud cheers, a bill au thoring the Government, until the end of July, to incur the requisite expenditure for the de fence ol the State, and to provide by extraor dinary means for the necessities of the Treasu ry. The Chamber alsqwpnaniraously adopted a resolution declaring that at this momentous crisis every preparation for war should be made. The Minister of Finance, presented a bill which authorizes the Government to provide, by royal decrees and extraordinary measures, the’ financial means necessary for the delense of the country. He demanded that the bill should be immediately discussed, and an extra ordinary evening sitting was held for the. pur pose. The Senate, by a .rate of seventy-eight to one, adopted the Dill frrnn the House empowering the Government to provide the necessary means for defense. It is stated that tlie Minister of the Interior had made the necessary arrangements for the mobilization ot the National Guard. A great popular demonstration ha'd taken place at Naples in favor of the Government ar maments, and it is represented that there was universal enthusiasm throughout the provinces in view of the probability of war. Tift London Telegraph of the Ist of May says it is enabled to state that on the previous day the Italian Government called out orre hundred aud fifty thousand men. It was rumored Gcu erai Della Mamora would take command of the army. The Italian Government has decided to arm the volunteers in all the provinces infested by brigands, in order to facilitate the concentration of 't roops ordered by the Ministry. WHAT AUSTRIA IS DOING —ONE HUNBRED AND SIXTY THOUSAND REGULAR TROOFS BEING CONCENTRATED IN VENETIA. Ail the intelligence received from Venetia, from Italiansadurees indicate the magnitude and precipitancy iof the Austrian preparations. Austria wit* expected to have one hundred and sixty thousand effective troops in Venetia by about the Ist of May. POSITION OF ENGLAND AND FRANCE. The London Times' Paris correspondent says the circulars that General Marmora may write denouncing the armaments going ou in Venetia will not convince people that Austria is on the point of committing a most wanton aggression on Italy. The Austrian Ambassador ill Paris no later than Friday or Saturday declared in the most formal terms to the Minister for Foreign Affairs that there was no intention and no wish to attack Italy, and that moreover Aus tria was willing and ready to stop even now her armaments in Venetia on condition that the French Government, which is not without in fluence in Italy, would guarantee that Italy would not attack her in that quarter. The Vienna correspondent of the London Times says: By direction ot their respective governments, the English and French Ambas dors at Vienna had shown the Austrian Minis ter for Foreign Affairs copies of telegrams re ceived from General La Marmora, in which it is said there has been no concentration of troops iu Italy, and that no single furlough man has been called in. Ou receiving this assurance the Austrian Minister declared that the Imperial Government entertained no idea of proceeding offensively against Italy, and he added that the army in V enetia should be placed on a peace footing if the Western Powers would guarantee Austria against an attack from Italy. As no such guar rntee can be given, Austria will continue to arm, as her rulers firmly believe that the Ital ians are bent on mischief MOVEMENTS IN PARIS. A special council ot ministers was held on the 30th ult., uuder the presidency of the Em peror. It is stated that the subject uuder dis cussion was a proposal made By Prince Metter nieli, the Austria Ambassador to Paris, that Austria and should simultaneously dis arm. ™ The Paris ConstituHonnel, of- the Ist, pub lishes an article showing that, should war break cut, Prance will in no way be responsible. — France has remained entirely neutral. She h reserved to herself complete liberty of aetta and will not be drawn into war against her w-o by any occurrence whatsoever. Wl *‘ The London Times Paris correspondent* marks that, when the Italians affect to be friol) ened by the warlike preparations of their nOSl' bor, they forget that the territory thev ■ 1859 is guaranteed by France, and wiOi sm*! guarantee they must know that they are sat from aggression. THE LATEST. Liverpool, May 3, 1866. The intelligence received from Germany and Italy continues menacing, and armaments are vigorously poshed forward. The Italian fleet had left Genoa. Destination unknown. Garibaldi has declared himself ready to take the field at the call of his country. THE ITALIAN SQUADRON IN THE ADRIATIC. [Paris <May 1) Correspondence of the London Uer aid.] Among other contradictions we have been told that it was lalse that Italy was concentrat ing a squadron in the Adriatic. This contra diction appeared on Wednesday and Thursday You will see what it is worth by the follow ing letter from Tarento, dated the 22d of April which appears in the Florence Opinions of the 27th of that month. It says: The squadron of evolution lately reorganized at Naples has an chored in onr magnificent bay, last from Syra case. It consists at present of the following vessels: Horse power. Re d’ltalia (flag-ship), iron-clad 900 San Martino, iron-clad 700 Principe di Carignano, iron-clad 600 Gaeta, wooden screw Ingate 400 Messagiere, paddle dispatch boat 400 Fridano, ten-gun sailing brigantine No. 2 screw gunboat —^ The Principe de Carignano (pursues the wri ter,) however, is detached in Greek waters, but will be replaced almost immediately on that station by a smaller vessel. The Gaeta is on its way from Naples. The steam corvette Princj pina Clotilde also forms part of the squadron, but it is at present on its way to England with the crew of the steam ram Affondatore,, now fitting out at Millwall, on the Thames. Under present circumstances, the Government has acted most wisely in witlidrsftving that most magnificent ship as soon as possible from Eng land, before any obstacles'to her departure can be raised by the eventual outbreak of hostilities The position occupied by the squadron is the key of the Adriatic. The crews are daily put through the gun and small-arms practice, and the precision of their firing at a range ot one thousand metres is entitled to the highest com mendation. A Paris letter asserts that at a Cabinet meet ing at the Tuileries, on the 30th of April,- it was determined to prevent Italy commencing a war of aggression against Austria, and to insist oh the acceptance of Austria’s proposal tor a simultaneous disarmament. There were rumors in Pari& of a probable Eu ropean Congress. It is stated that Austria, Italy and Prussia were favorable to it. SERIOUS FINANCIAL PANIC—GREAT ALARM ON THE LONDON STOCK EXCHANGE AND PARIS BOURSE—HEAVY FALL IN FOREIGN SECURI TIES. [From the London Times (city article) May 1. A state of panic, greater than has been ex perienced at any time during the past nine years, has prevailed in all the markets to-day (April 30). A further fall of 5 per eent. in Italian stock, and of 1% per cent, in French rents, coupled with another heavy outflow of gold from the Bank of England, which suggests the early possibility of a movement of the rate ot discount up to 7 per cent., have been the princi pal causes of the general confhsion and loss of confidence. The shares of the various finance companies have been sold at any price that eould be obtained, and business has been ad journed till Wednesday (the stock exchange being closed to-morrow) under circumstances of intense anxiety. Consols, which closed on Satuaday at 86% to %, opened at 86% to %, touched 86%, went to 86%, and were finally quoted at 86% to %. For the new account in June the last price was 86% to 87. Bank stock left off at 242 to 244; reduced and new three per cents, 84% to % ; India stock, 210 to 21!*: India bonds, 15s. to 20s. premium; and ex chequer bills, March, Bs. to 30s. discount; June, os. discount to par. The discount demand has been active to-day, and on the Stock Exchange advances have been in increased requesLat five per cent. Iu foreign securities the only exception to the general decline have been -Spanish paper and certificates, which are each % better, the former at 25%, and the latter at.xo%. Mexican is % lower at 19%, and Brazilian scrip % lower at 3% discount. The last price from Paris this evening was 65f. 15c., showing a further’ decline ol 1% per cent. The sum of £IOO,OOO in gold was taken from the bank to-day for the Continent, making a total of $231,000 withdrawn during the past three days. American securities were included in the gen eral decline. United States five-twenties closed at 68%@% ; Illinois Central shares, 78%@79; Eries, 50%@51%. on the Ist of May there were do transactions on the Stock Exchange. The drain of gold from the Bank of England for the Continent continued, May 2. The discount demand was pretty active, and in the open market there were very few trans actions below six per cent. THE LATEST FROM LONDON. .Liverpool, May 3,1866. The depression on the London and Paris Ex changes is unabated. The French rentes fell an additional three-quarters per eent. on the 2d. closing firmer under a rumor of mediation by Franee, England and Russia in Germany. The rumor has not been confirmed. A Bombay telegram of April 26 reports a panic in the money markets of India, and that, bills were generally unsalable. The Bank of England to-day advanced it* rate of interest to seven per cent. THE PANIC ON THE POLIS BOURSE. The panic on the Paris Bourse was very se vere on tne 30th of April. Rentes closed at 60 xu, a decline of 1% per cent. Italian and Austrian bonds were greatly de pressed. There was 6ome improvement on the Ist 01 May, but it was not fully maintained, and after business hours rentes fell to 65.10. [Paris (April 29) Correspondence of tbe London Tele graph. 1 Yesterday the Bourse was again in a perfectly awful state' Not even iu the worst day of tb‘ Crimea was there so bad a feeling. On the other hand, perhaps I may console some of y°h r readers if I tell them that the greatest'person «» this realm has said, “ Well, if there is a war i will only he a very brief ope, and will not iute fere with onr Exhibition.” New York, Muv 17. —The Tribune's Florear (Italy) correspondent, Aprii 30th, opens B' letter thus: Within a fortnight we shad 1 involved in war. Tbe abandoned fortress * C'remoua is being fortified iu haste, the concentrated, and all the soldiers on Hir'd®? 1 recalled —even the reserve of the classes 1834, 1835, and 1846. All the official pape-' fire the Italian heart. The Generals Ciaf®; and Lamarmora are in council. Everya**l - for war, and still they try to shut responsibility on the Austrian . aut horiue>. -j fact Napoleon is the great wire puller, first pushed hig work, and now pushes LvJb» mora, so that Austria cannot avoid war. _
