- *t \t*t**hrn \* mi i mmmmmmmmmm?wmm* T H Wbnl# No, 5013. A R RIVAL or THB STEAMSHIP HIBERNIA. ONE WEEK LATER FROM EUROPE, STATE OF THE MARKETS. Reduction in the Rato of Interest. IMPROVEMENT IN THE MONEY MARKET. Advance in Cotton. DECLINE IN QRAIN. Additional Failures in England and in Europe. ZN&VRRBOfZON IV ITALY. Progress of the Influenza. Ac,. Ac,) Ac. I The steamship Hibemia, Captain Shannon, was telegraphed at half-past 1 o'clock yesterday afternoon. She reached the city about halfpast" 8 o'clock. She sailed from Liverpool on Sun Jay, the 30ih ult. The intelligence is one week later than that received by the Sarah Sands. The Bank of England has reduced the rate of interest to four per cent. Out ot the bank the rate is three per cent. It is announced that the King of Denmark is dead. The mercantile failures which have occurred since the Kith of January, have been fewer in number and less in magnitude in Great Britain than during any corresponding period within several mo"ths past. But, on the continent, firms of considerable importance continue to stop payment; and the reaction of the late crisis in England is very severely felt throughout Europe and in other parts of the world. In India, several other houses have stopped payment, almost the 1 whole of them being branch houses or firms intimately connected with the great London houseb which failed in the fall of the lust year. The cities of Bombay and Madras have escaped with less loss than almost any other placeB, the chief weight of the late misfortunes having fallen, as wc anticipated, on Calcutta. The directors of the North and South Wales Bank, which suspended in November last, have f made arrangements to resume payment in the early part of February. The head office of thiB bank is at Liverpool, with branches all over the principality. Lord Palmerston has protested against the forcible levying of taxes upon English residents in Mexico, to support the war with the United States. These levies were made some six months bince, and the English residents then protested against it. The King of Wurtemburg opened the Chambers on the 22d ult. with a royal speech. The King of Bavaria has ordered those Jesuits, who have taken refuge there, after banishment from Switzerland, to leave within three days. The Madrid journals of the 22d, which reached us in due courst, are as uninteresting as those of preceding days. The ex-minister, D. Francisco Xavier de Burgos, died on the 21st. The editor of the Prtsst (Paris paper) states that he had seen a letter, written from on board an American ship of war, dated the Itith, off Messina, which states that a fire of artillery had been opened on that place. It is mentioned in advices from Berlin, that a state of business approaching panic had been I witnessed on tue jjoursc, in uuuori{ucuvc ui hk nature of operations arising from the general aspect of political and commercial affairs. The King of Sweden has taken umbrage at the conduct of France, Austria, and Prussia, neglecting to consult him on the proposed intervention in the aft 'irs of Switzerland, his majesty having been, as he alleges, a pnrty to the treaty. Our Paris letters of the 2Sih Jin , state that anxiety respecting the situation of Naples and Sicily was increasing The assembling of 35,000 troops in Naples, which we have already announced, was held fully to confirm the rumored iirtention of the disaffected to revolt. The King of Naples was believed Paris to be still determined to refuse making any concessions to his people. Intelligence fromJRome, of the 18th ult., state that the account of the insurrection in Sicily had produced a deep sensation in that capital. It was reported that the Austrian ambassador, in compliance with instructions he had received from his court, in case any serious disturbances took place in the kingdom of Naples, had demanded a passage through the Roman dominions for an army of 30,003 men, to assist King Ferdinand in putting down the revolt. His Holiness had peremptorily refused that permission, and declared that he would, in conjunction with all his allies, resist by force all invasion of his States. Lord Minto, on the other hand, having been asked if England would permit Austria to send a naval expedition to Naples, was understood to have replied that his Government would take no step to prevent the repression of a rebellion, but that, in the event of the success of the revolters, aud the establishment of a regular Government under? the reigning family of Naples, Lord Palmerston would oppose all foreign intervention. Lord Minto, who had ordered the British fleet not to appear at Naples, lest its presence should occasion a revolutionary movement, had, on receipt of the intelligence of the insurrection st Palermo, sent directions to Admiral Parker to detach ships of the squadron to the Sicilian coast, to protect the persons and property of English residents. The Pontifical Government had concluded a loan of 1,000,000 of scudi, (?200,000,) at 94, with M. Delahante, a French banker. The Queen has been pleased to appoint James Hosken, Esq , Lieutenant in the Royal Navy, to be Master-Attendant and Postmaster for the island of Labuan. There nre rumors, as there have been for some time, of an iutention to establish in London a very larg? discount and banking establishment on the principle of paying interest on deposits. If this be done on a secure basis, it will materially aftect the value of stock in the Bank of England by withdrawing a large portion of the deposits. The position of the iron trade remains unaltered, except that several additional furnaces I Dave nc?'n put oui 01 dihsi. me spirit ot infatuation still prevails among the workmen, and they continue to nhsent themsejves from tne works, while the unabated stagnation of business affords no prospect that the masters will be enabled to give way to their demands. The colliers and miners are also partially on strike, Hnd a few disturbances have taken place in the neighborhood of Kingswinford and Dudley, by the exhibition of violence on the part of the unemployed against the more reasonable of their companions who have teturned to work From the evident intention to commit outrage, it was judged expedient, in one instance, to send for the aid of the military, but the mob having accomplished their ends of intimidation, quietly dispersed. So great is the distress of the working classes at Vienna, that the funds of the public pawnbroking establishments have been exhausted by the I numerous advances which it has made on pledges, and it lias consequently contracted a loan of 1,000,000 florins (about j?104,000.) I The peoffle of Venice and Milan amuse themselves by writing words applauding the Pope on all the dead walls, und the Austrian authorities are forced to employ a number of men to whitewash these obnoxious inscriptions, which are regulariy effaced in the morning, and as regularly rewritten during the night. I Letters from St. Petersburg in the Hamburgh I (ImrLlts stale that the disorder of the Lniueror I of Ruseiii bus returned with increased violence. I lie has been compelled to keep his room for seI ver.il days. I It is said, that the week before last there were I 60,000 persone laid up at Madtid with influenza. I The Kingof Sweden has taken umbrage at the I oonduot of Trance, Austria, and Prussia neglsct 1 T * - E NE1 NEW ing to consult him on the proposed intervention a in the affairs of Switzerland, his Majesty having f been, as he alleges, a party to the treaty. It is stated that 427 vessels, laden with grain " for St. Petersburgh, are detained by the ice in v the port of Rybinsk, which is situated at the ~ meeting of the two rivers, the Rybinska and the Volga ; and in order to preserve the grain, it will . have to be disembarked and stored until the spring. 1 The overland mail from India and China, via j Marseilles, reached Liverpool on the 25th inst. j By this arrival we have received our mail advices. as follows :?Bombay, Dec. 15; Calcutta, Dec. 8: Madras, Dec. 13; Hong Kong, Nov. 29; Shanghae, Nov. 19; Amoy, Nov 18; Manilla, <] Nov. 23:Singapore, Dec. 7; Java, Nov. 30; Mau- c ritius, Nov. 28. t The political news from India and China is t unimportant. The Am?terdam?che Courant contains ail an- ' nouncement of Messrs. Hope & Co., ot the 21st * instant, by which the holders of Louisiana bonds 1 are invited to deliver their bonds at the oifice of s said Messrs. Hone St Co.. toeether with a de- u claration of acquiescence in the proposition of the directors of the Louisiana Citizens' Bank. This 'proposition is to be had at Messrs. Hope & Co.t, with a form of consent; and the term of applying is fixed from 26th January till the 11th of February. The King of Bavaria has ordered those Jesuits who have taken refuse there after banishment from Switzerland, to leave within three days. From Austria we learn that Prince Metternich's influence is on the wane. Miss Frederics Herschell, sister to the cele brated astronomer, Frederick William Herschell, died on the 17th inst. at lfanovcr. Miss Herschell was herself an accomplished astronomer; she is perhaps most popularly known in England as the constructor of the selenic globe preserved in Greenwich Observatory. The Earl of Moray died on the 12th instant, at Damaway Castle, Morayshire, in his seventyseventh year, from an attack of influenza. By his death the lord lieutenancy of Morayshire has become vacant. Rear-Admiral Swaine died oft the 14th inst. at Wisbeach, after a service of nearly sixty years. The deceased officer was midshipman of the Recovery, at Howe's relief of Gibraltar. Cardinal Massim died at Rome on the llth inst., of apoplexy. The Dowager Baroness Dimsdale died at her residence, Hertford, on the 16th inst., in the S6th year of her age. Special Despatches to tlio New York Herald. Liverpool, Noon, 28th Jan., 1848. There is mighty little stirring amongst us here; the principal subjects at present on the tapis, where I think they seem likely to stick, are the "Gutta Perchn Soles." So completely has this invention become the theme of universal eulogy, that every gentleman us well as gent, nas determined to oecome a "snob lor a season. A remarkable, and yet uncommonly common, event is to behold such members of society plodding their homeward path through the "good old town," with a roll of napthatic cake under their arm; and if you venture to write a friend to spend an evening with you, the ready reply, with up-raised eyebrows, as much as to say, why, don't you know, is, " Oh ! I've to role a pair of boots " # , Never, perhap3, ainc? the days of Knox, was a greater solicitude evinced for the preservation i of soles than now, for every man looks after his 1 own. The cobblers are in despair?their glass is below freezing, arui no wonder; the very mo- ! rality, as well as understanding, of the populace is affected, and the fashionable mode 01 expressing an oath is, " \-on my guttas." By the way, talking of iholl souls; the Metallini Duke has succeeded at last (for it appears by his own account he has long been trying) to set hll on the look-out lor Mounsiers advent?a "Freneh lashion," that the ladies are scarcely likely to approve of -and it is positively affirmed , by those who know best about it, that regular are ( the draughts of soul-stirring bitters that those sons of Mars, and Joinville's tars, refresh their i thirst for revenging Waterloo. What is < to be donel or ratner what's doing! Why, 1 every* man' is becoming a soldier: and as 1 I know Punch's Mi>rtia Man is " no false crea- ] tion" of Punch's " heat oppressed brain," but , exists in the person of an old " Willan" who , lives at a place called Oxiou, near Burkinghead, (that town "to be let")?this veteran, who served and died for his country, by proxy, is regularly armed (like Hamlet's ghost) cap-a pi, " his beaver up," and with cutlass and loaded pistols, and is, in fact, although six years beyond " three score years and ten," a " militia man," ready cut aud dried, whenever his country requires him. Thirteen hours a day does this patriot spend in his library, and never loses sight of his traps?1 mean Ins accoutrements. But, joking aside, amongst other military and naval movements,' a squadron of 12 armed steam vessels, of various sizes and power, is ordered to assemble at Portsmouth,and to be kept ready for service. InTthe commercial way every thing seems " stale, flat, and unprofitable," and the rrequent heavy arrivals of specie only tend to render our mercantile men the more dollar-ous, and those amongst us best (or worst 1) employed are uttornies and auctioneers. Advices from St Petersburgh mention the stop- , page of Mr. J. C. Plitt, a German merchant of immense business and of the very first respectability. ?330,000 is named as the amount of his liabilities ; Frankfort and Manchester are likely to suffer by this stoppage. Three fourths of the failures during the last year in Berlin, are said to have been caused by , railway speculations. For thirteen days we have had a smart frost, ; and Peel's sliding; scale has not prevented skating. However, such frosts are now a days 1 few and far between, and the present opportunity of skating is certainly an ice-olated one with us. As long as the wind continues east we can , have no arrivals, and the following American i vessels, due at this port, have not yet made their appearance:?the Columbia, Cropper, New York; i the Aaglo-American, Brown, from lioston; the I Patrick Henry, Delnno, and the Marmion, Free- ' man, New York. I The Sarah Sands sailed hence tor New York, on the 22d instant, and will, probably, reach , New York about the 12th February. i The influenza has been very busy with all on this t side of the Atlantic. It ia said that the last week i but one, 60.000 persons were slllicted with it at 1 Madrid. Chrtstiun VIII., King of Denmark, af- 1 tcr long suffering from this disorder, died oji the ! 19th inst at Copenhagen. Letters from Vienna \ of the 10th, state that Prince Metternich is dangerously ill. Great is the demand with us tor I medicine and hot water just now?in fact, as re- < cards the latter commodity, it amounts, in many < families, to this:?" Betty, (to the servant.) put 1 a fire under the pump." In Ireland, however, the case is somewhat different. The favorite dose there is an ounce of lead, in the shape of a pill, applied externally. Things theatrical are, like eyerything else, in bad odor with us. Fancy a renter's share in Drury Lane theatre, formerly worth ?500, being last week knocked down at the auction mart in London for ?70! Punch speaks confidently? (he has great confidence, that Punch)?of 300 " clowns" not acting with " pantaloons" (dreadful destitution !), and of harlequins being at a horrid discount. He also speaks?and he's a great authority?of the probable exportation of clowna' dresses to New Zealand, in the hope that the native chiefs will adopt the costume. But those New Zealanders are not such fools. Van Amburgh in here, acting as agent for the Titus of the American arena, and is on the look out for talented artistes of the tumbling line, and has, too, purchased from our Batty sundry Albinos, piebalds, and chargers, which latter, at least, are to figure in the "Conquest of Mexico." lie has also purchased elephants and camels,with or without number Young O'Connell has not given up the ghost on the floor of the House of Commons yet; hut he has merely uos'poned that achievement (as his father put oft the repeal of the Union) until an indefinite season, or until a more fitting opportunity offers ol doing it with effect. But it won't do. The Caledonia arrived yesterday (Saturday) morning, at 6 o'clock, very unexpectedly; yet, but for falling in with easterly winds off Cape Clear, she would have reached the Mersey half a day earlier. The departure of the Hibernia has been delayed 24 hours m conseauenoe, simply to suable the officers of our Best Office to elear off the influx oi letters by the Oalsdoaia, mi hey end their omee are oaly efficient to battle with : W YO YORK, THURSDAY MO] n arrival and dispatch, it appears, in pugilistic aahion, "one down, t'other come on." p The absence, it seems, ofa portion or the whole , if the New York mail, h^s caused great incon- . enienceand annoyance; and long and unsettled ountenanci s are the effrci The number of let- 8 era by the Caledonia is said to tie " prodigiousy" small We received our Mexican and West ndia letters by the Teviot steamer, this mornng?she was looked for seven days ago. 80th Jan., 1 P. M.?Still no account of the Coumbia. Patrick Henry, Anglo-American, or the Aarmion. Wind continues S. 15. Paris, 19th January. 1948. Even's of high interest here have occurred since the late of my last despatches. The eldest and most herlshed friend And counsellor, end one of the most benveen deprived by the revolution unsold, and she ooaee[uentiy regained it. Its amount was very considerable, >eing estimated in aotual vslue at tha death of the Mncess, at twelve millions of dollars. With the ixoeptinn of some lrgaoies, she left this to the ions of Louis Philippe, bar nephews. The Duke l'Aumale, possessing tho princely fortune of the ate Lake of Bourbon, received no share. The Duke de .Nemours being the natural inheritor of the ihirf part of the immense private fortnne of Louis Philippe, has received only two millions of dollars. The remainder is divided in equal parts between the Prince de loinville aud tho Duke de Montpensler. These princes aill thus he possessed of most munifloent fortunes. Phe Luke do Montpensler got with bis wife a fortuue of sbove six millions of dollars, and the Prinoe de Jolnville, who married tho sister of ihe Emperor of Brazil, obtained a dower ot searoely less amount. Since this severe stroke of affliction, Louis Phlllippe bas visibly suffered. The struggle to suppress his emotions before his family and the publio has only augmented their effeot, and those who are best acquainted with what goes on in the chateau, are of opinion that the Jays of the sovereign will be abridged by this shook, although it is oertainly untrue that there were any immediate grounds for uneasiness respecting bis life. How such importance is attaohed to that life, has been rendered eonapiciously manifest by the effect produced at the Bourse, by the slightest alarm respecting it 1 rhe moment the death of the I'riucess Adelaide was an- I Bounced, the three per cents fell afrano; not, of coarse. )n aocllme,and amidst the brilliancy of lens of thousands of amps, shedding an artlflolal day upon ths soene of enihantment. It seems likely to supsrscede ths great beatrsa whlsh have hitherto been tne reecrt of the vearies of Terpsichore during the winter hall year. Madrid, January 13, 1848. The great event cf this oily whioh has marked ths ast month, has been the rstnrn ef the tlx-Regent, Osn. ilspartero, Duke of Viotorla, from his long exile. The veb of Spanish politics la too Intrloate to be perfectly inowa even here, mash less at ths other side of tho tUaatla. Why or wkmtoi Kspartaro, who baa mn bag keptalaof, ahoaM now ha latitat haak, iM la iwatirtal raaJk, aal whibhl la hk fMpartj r K n J3L QL XIl JL JS RISING, FEBRUARY 17, nd revenues, no one nan tell. Still lees can thin be exlalned, when It In remembered that tha Invitation has manated from his polltloal opponan's. But so It la. >partoro, coming from London by e*a, landed at St. iebaatlan, where the Inhabitant* spontaneously lllumllated the town, on his arrival reparations were made o celebrate his return by publio rejoicings, and honors, .nd salutations due to his rank as a Captain-General, rera offered to him He declined all these maolfeetalons, and would not even accept a guard of honor due o his military rank. He travelled from St. Sebastian to dadrid incog., and took oare to arrive in theoapltal at onr in the morning, an hour at. whioh It was not to be xpected that any popular manif-sstatlous should take ilaoe. After his arrival, crowds oontlnued to oolleot In ront of his hotel; but he avoided showing htrns df. or lolog anything whioh oouM provoke an outbreak of the lublic enthusiasm. When It beoame neoessary to preent himself to the Queen, he went out la plain olothes, n tha brougham of a friend to avoid popular notice. Various versions are givsn of his Interview with her nejesty ; bat we have reasons to know that it was such is to grat-fy the Ex-Regent. He was received bv the )ue*n and King consort, none of the ministers being resent, with words of kindness on the one side, and >r. fessions of devotion on the other, were interchanged, knd the interview terminated satisfactorily. Espartero afterwards took hie seat and the oaths as a lenator, and Is now understood to bo about to loava Matrid on a visit to the provlnoes. Innumerablereports have been circulated ever alo c s the eturn of the Queen Mother from Paris, of the deoline of }ueen Isabella's health. It ie certain that she has been mbject lately to fainting fits whioh have produced much in easiness and alarm. On two of these occasions, the Prime Minister, Narvaes, 1 JJ 1? II ?. Sa 4W- aaala aa I. la.t ISC UOBU HUUUBHIV UBI1VU m/ vuo (iudvd. iu vhd twv if these oun. H?r Msjeity la understood to have continled for nearly three hours in a state of Insensibility Nevertheless, the publio anxiety has been allayed by the Mbeequent appearance of the Queen in publio without my marks of visible indisposition Reports are, however, oontinually circulated oonneotng the supposed state of Queen Isabella with the views vhioh the Queen Mother and King Louis rnlllppe are tnderstood to entertain with regard to the succession of ;he Duohese de Montpensier. No expectations are now entertained of the appearance >f a direct heir to the throne, nor is there muoh hope felt >f the Uuohrss of Montpensier having issue Meanwhile :he great power of i'.urope (England and France exoept9<1) have not acknowledged the sovereignty of Isabella, ' and will be rendered still less likely to do so by the non i appearance of a successor in the direct line, or even in the |oollateral one of the Montpensiers. In short, the seeds of a disputed succession have been sown,and it has been more than once affirmed that F.ugland has slgnided her desire to see the Hallo law, re-established in Spain, so as to throw the family of Don Carlos within the olrole of legal succession, and thus recoooile the great powers of Korope to the statue quo" of the Peninsula. Time alone, however, oan prove what extent of reality there may bs in these and similar speculations. Milan, Janutry 13, 1848. This city has during the last fortnight been the soene of extraordinary events. In former letteis you have been informed of the seoret struggle whloh has existed here between publio opinion on the one hand and the Iron despotism of Austria on the other. We have an overwhelming armed force, ready to orush at any moment a defenceless and unarmed population. No organ of expression exists for publio opinion. There is no press nor any journal, save one, whloh is the vehicle of the will and the daorees of despotism. There is no jury, and oonseqnently, in all questions between the government and the cltixens there is no justioe. Individual and personal liberty, there is none In this situation of deplorable helplessness, some intelligent and public-spirited Individuals lately remluded tbe people of the mode in whloh the British colonists in Amerioa, before the war of Independence, assailed the home government, by oomblning together to stop the oonsnmptionef tea, from which the British government derived so large a revenue. Imitating this example, it was suggested that we should exercise the same incaus of coercion over our Austrian despots, by ceasing to use tobaoon in any fortn, of which the government retains a monopoly, and from whloh it derives an enormem revenue It was further suggested that we should j cease to put money into tbe lotteries, another monopoly I of the government and an extensive source of revenue. | These suggestions were thrown out towards the end of I Deoember, and a taolt agreement was oomo to that they ! should be carried into practical effect on and after new I year*4?y. Thl- convention was rigorously carried into effect, and exoept in rare instaneee, not a oigar woe to be seen in the streets or plaoes of publio resort. The few who smoked, whether Irom Ignorance of what had been agreed upon, or from a desire to violate it, were soon made to leel the irresistible power of the opinion of the majority Those who wilfully persevered, suffered reoilirs mil uuiuiui, lull unaiiy uau iui uigurn rwuuuvu from their mouths In this atata of things, the agents of the government nod ths police sent oat hired individuate, followed by armed men and other agents of the tlril power to smoke olgars, supplied to them gratuitouily. The people were not slow to Invent an Infinite rsriety of modes of annoyanoe, which soon banished them from the publio ways The Govern merit seeing this.resorted,in the 3d Inst, to measures of a more decisive and atrooioas nature. The soldiers,generally Auslriaas, were supplied gratuitously with eome thousands rf cigars,and were let loose upon ; the town, retaining their side arms, bayonets and sabres. They were instructed to keep in bauds of HO or 30, to ' frequent the publio promenades and the most frequented , and fashionable >a/ej, ?here persons of their raoR aud position bad not been accustomed to appear, and were desired to smoke the cigars in ths most irritating and provoking manner. It may be well imagined that such Instruct.one were not thrown awey upon bodies of men selected, as ths Austrian soldiers are. from the most sbandoned acd profligate classes of the population of the Umpire. The Government well knowlDg what the nonsequenoesof such orders must be. directed them in :ase of their being lusulted, to use at their pleasure their tide arms?in a word, a massacre of the. population was arranged by the authorities for the evening of the id instant That inch a measure was premeditated, is proved by the fact, that orders were sent to the hospitals In ths morning to have all the available beds sod litters prepared to reoeive the wounded Things beiog thus deliberately arranged, these bands of authorised murdersrs issued from their barracks In ths afternoon of the Id, with ths design on the part of the Government of spreading terror throughout Austrian Italy, by the exhibition of a modern St. Bartholomew, and if the results were not proportionate to their expectations, it was sore through tbs Irresolution, or through some remains if right feel,ng in their military agents than from any want of wl I In themselves. The ooidiert, as ordered, soourel the promenades and Hied ths ca/cs, puffing tobacoo smoke in the faces of the peaceable and unoffending citizens. Insults and abuse jf course ensued, end suoh of tbe soldiers as wtrssuffl- j :iently base to act upon the permission given to them, Irew their sebres and bsyonets, end fell upon tbe un- I irmed people. The number of killed and wounded is i rariously reported, but as their is no publio press, and is ths government journal Is sure to olroulete falsehood, 1 t never oan be oertalnly known. Common rumor raj 'ies from 00 to '100. Ths government reports admit on- 1 y id actually killed Numerous of the wounded, how- j rver. are in the hospitals and private houses. Among the murdered is a Counolllor of State, M Monaughlni r respectable men, sged above 70, murdered on the threshold of his own house, by the infuriated and lntoxnated soldiery, as he was entering it. One body was 'oand 111#rally cut to pieces, having on it not less than Id sabre oats and bayonet wounds. Kor some days after this atrocious affair, the troops vere oontigned to their barracks, and enly allowed to says them when on actual duty But ths city exhibits the melancholy aspect of a town In a state of siege. Tbs irtillery are kept ranged on the boulevards wbleb sur ound the city, and on the square before the chateau. The guns are loaded night and day. Horses ars harlesssd to them, and the gunners havs thslr matches Ightsd. Tbe itrsets ars swept from hour to honr by .patrols of nfantry, and squadrons of cavalry?the one with their nueks'.s loaded, and ths other with their sabres drawn hlsch patrol of intantry is preceded as in time of war by :hre? men with their loaded muskets slung and ready to I if discharged. Such is tbe presvut condition of our :lty. Meanwhile we learn that oonrisrs have arrived from /ienna with despatches, investing ths Governor with ixtraordinary power, in wbloh is inoluded that of deilsrlns martial law. In what all this will end, no one can tell This reign if terror, however, dees not appear to have Intimidated ither towns of Lombatdy, for we learn that Cemo, Crenona. Brraebla, I'avla. Padua, and other places, have idopted the system of aoetioenoe from tobacco, and the he lotteries wnich have provoked the rage of our tyrants icre. Failures of IHercanllU Firms. Ths meroaatUe failures which have occurred since mr last have been fewer In number and less in raagninde In Grant Britain, than daring any corresponding >?riod within sever el months past. Baton the oontlicnt Arms of considerable importance eontinae ts stop lay meat; and ths reaction of the late crisis in Koglend s very severely felt throughout Karope, and in other isrts of the wotld. In India several other houses have itoppad payment, almoettbe wholeof them being branoh louses, or Arms intimately ounnsoted with tbs great .ondon houses whioh failed In the Ikll of ths last year, i'hc cities of Bombay and Madras have escaped with ess loss than almost any other plaoes, the chief weight if the late misfortunes having Mien, as we anticipated, ID I'AtCUVW. We regret to state, that boeiJes the houses already sported. that of Hughradon Sc Co , at Calcutta, baa Inally suspended payraau', alao Colrllls, Ollmore, -V ;o , the correspondents of Barclay, Brothers Ic Co.: and J T. Ford It Co. the correspondents of lllckarda, Little i Co. The Union Bank nad paid with promptitude uoh billa aa had been returned dif honored, aud aome lopea were entertained thatethe inatltution would not >e Irretrievably broken up. Meairi. l.ami>e, Kelael* ic ;o , of Columbo, the oorreapondente of Laurence, PtilIpe It Co .remained firm, and no doubt waa entertained if their etabillty. The house of Vlney, tardea* ic Co , it Madras, oonneoted with tbe same Arm, was expected .o eland their gronud, nnleae euddenly preaeed by reamed bills Indeed, it will not be until the bills die lonored In London euall, when at maturity, be returned ? India, that the full extent of the miaehlef can be leeertalned Frovlelnnal trueteea have been in come >aeea appointed, under wkoee inspection the aCairs tie to be eartied on until the aaxt mail throwi sr iftsFsuTrs tuxxvu'isa [ERA 1848. pondent bouaea which have suspended payment there Messrs I.rail, Matbeson & Oo'? affaire are. we understand. In the hands of Mr!ikton?r. Mr Lancaster, and Mr Bailey ; Messrs Cockerell'a In the hand* of Mr Martin, Mr. McKenile. and Mr Faire ; and Harare Hnghesdon'a in thoaa of Mr J J McKenile, Mr Kel rail, and Mr. MoCallum A meeting of the creditor of Meaara. Smith. Cowell k Co. haa been held Th atatement of affaire showed the liabilities of the flru bare to be companv'a rupees 23d 384, and their aeaat company's rupees 690 038, of whioh company's rupee 126 75ti la a cash balance in the Bank of Bengal ao< Oriental Bank Their total liabilities, ari-drg out o bills drawn on aco"tint of their London and Lirerpoo correapondenta, are oompany'a rupees HI2 381 and oi what is considered a low estimate of the out-turn o property of those firms, the total aeseta will be compa ny'a rupees 927,888 It was resolved that the house shouh ha allowed to oarry on huelneva under inspectors thai appoiDt?1 feotlve assistance will be afforded. It baa been givri with great reluctance. At Vienna the reports which have been oirculatei reepeoting the great bouse of Arnsteln & Eskelee, *? con J to only one io that oity, have, it is eaid, influence! the house to relinquish business, aud there can be n doubt bat that the partners will retire with a uonsidrr able private fortune, computed at half a million stet ling. The affairs of Messrs. Hup* .v. Co of Amsterdam, ar represented to be very unfavorable. The sugar refining works of De Uruyn it Co will no be suffered to discontinue operations, but will be del rled on by other parties. Messrs. Thomas Wright k Co. of St. Pvtersburgl connected with Job Wright k Co. of London, hav maintained their g.-ound ; the remaining bills, es I: other cases of Russian and London houses, having beei kept here and not sent bark Mr Miobel Bass, banker, of Paris, whose name will bi found In the subjoined list, Is reported to have rreume< business. Messrs Perkins, Sohlusser, and Mullens, of London bave signified their intention to pay '? in the pound a an early day. Messrs. W. and J. Woodl-y have ale deolared a second dividend of 3s 4d in the pound. The Journal de J.Vluur mentions the dlsappearanc of M. Clerzot, a banker, at Laon. The amount of hi engagements Is not stated. The old and respectable house of Johannes Bncbmei of Frankfort, which r lands in our list of failure*, Is san te have resumed payment. The directors of the North and South Wales Dank which suspended in November last, have made arracge ments to resume payment in the early part of February The head office of this bank Is at Liverpoo 1, will branches all over the principality. FAILURES IN ENGLAND AND OTHER PARTS OP EUROPE Bass, Mlohel, banker Parle. Barnes. W., woollen manufac. Mllnrow, near Rochdali Heart, A . merchant Frankfort. Batson X wu, tun end jo.l merchant*. Dudley. Bertram It I'arkinron, general merch. .Newcastle Boissiere. A., merchaut Algiers. Bonnevlalle, C., k Co. merobante Algiers. Boohmer, J , wholesale druggist Frankfort. Brlghtman, I , k Co. E. I. merchants. .London. Coohetaux k Co. mannfaoturere Templeuve. Colville, Gilmore, k Co. merohante. . .Calcutta Cunard, Joe., timber merchant Mlramichi. Cux k Co. bankers Carlsrube. Delaunay k Co. merchants Havre. Doering, dry Salter Frankfort. Fnjon, C Montpellier. Faxel, ? Montpellier. Fore, B, F., k Co. merohante Calcutta. Ferguson, A , timber k bard'e merch. .Dublin. Graham, J. and C. ootton spinners. . . .Glasgow. Granler, ?, banker Montpellier. Haas, C. C , merchant Frankfort. Haber k Co , bankere .Caileruh*. Hardman k Cw .merohante Liverpool Heidelburg Brothers, merohante Frunkfort. Hennekiue, Louis, banker More. Hoffman M .merchant Frankfort. Hopkins, Henry, stock broker. London. Hughesdon k Co .merchants Calcutta. Krug, M .merchant Lubeck. Lake. Hiinmtll k Co , merchants Calcutta. Lesage k Labry, dealers In ootton goods. Paris. Lee, J. Maolean, underwriter London* Maims, M , merchant Offenbach. Maring k Co Offenbaoh. Mullen* k Co., merohante Calcutta. Oxley. Dunlop & Co ..Bradford. riitt, J C., merchant 8t Petersburg!] Smith, Cowell k Co., merohante Calcutta. Voikartlc Lubeok, timber merobante. Gottenburg. Ward k Angell, leather fkotors. .... .London. Fiance. The state of health oi Louis Philippe has given rise H late to considerable uucasiness It was naturally to bi expected that the shook of the death of bis sister. Ma dame Adelaide, would hare manifested itself visibly more or less, ou that monarch's Lialth Advautagi has been taken, however, by speculators on the Boars* (who, of oourse, manage to make rumors genera through the medium of the press) to exaggerate the ex tent of his Majesty's Illness tor their own purposes Tta< Queen, to remove these reports as far as possible, ctusei the joii cm and court reoeptious, which had been sos pended since the death ol Madame Adelaide, to be re aumed forthwith; and not only were these atteaded b] his Msjeity. but he also gave ajdionce to the deputatloi from the Chamber of Peers on the occasion of present lng the address. The real faot Is, (bat his Msjraty etll labors under the remains of influenza, although consi derably belter. Any oomplalnts by a mooaroh, so fai advanced In years, and whose feellugs have so reoentlj been subjeoted to e severe and trying ordeal, will oauei more general interest than usual; and we do not wonder, tnerefore. that they have oaused the renewa ot the oid rumor of abdication. In reference t< this, we copy from a Paris paper ; " The rumoi of an Intention to abdicate on the part of th< King has been revived It is asserted that bi* pby sicians have recommended a greater degree of repos< than is poesible with the present position of Lout Philippe ; but it is believed also that there are polltios motives of high gravity for sueb an aot. It would, it 1> argued,bring the regeuoy into immediate action with al the moral power of the crown; for the Kiog, altbougl no longer t^e nominal sovereign, would inspire the Uov eminent with force, and he would be regarded as tb< natural guardian ot the young king It would alsc afford an oooailon for salutary oonoeselons, which th? Government now refuses to make, on scoount of their b-ing a breaking up ot their system. It would be an experiment of a new government with all the moral forca of the old, and all the popularity whioh a few judicious reforms would impart. New aotorj would be on the stage, but the old prompter would be at band.? At the death of Louis rhllippe, under such olroumstanoes, the new government would already be iu action ; it would hvve rallied round it all the partleani of the dynasty, and the guarantees of power would be already In full play. Snnh are the arguments broughl forward In Paris for the abdication of l.onls Philippe " The Chamber of Deputies have been again reviewing the Swiss affairs. M. Onisot charges Lord Palmerstor with departing from the line of polioy adopted by th< British government in 1H3J, when Mr. Percy, tber British Minister in Switzerland, was Instructed by Lor'J I'almerston to inform the 8wl*s government that at! alterations in the Swiss federal pact tending to d?stroj the separate sovereignty of the cintons, would so mate rlally change the foreign relations of 8eltierland, as tc entitle the powers whioh were parties to the treaties ol 1814 sad 181V tootjret to such alterations. This, it fr alleged, is all the French government hue lately Insisted on. A long debate took place In referenoe to the selling of government situations with the oogulzincecf government. M. Ouis-it admitted his knowledge of the practice, but denlitd any participation in them, snd justified his non-lnterferenee, by stating !h*t the abuse had been or too long standing to be checked by anything short ol a statute lor the purpose. A motion implying censure of the Mialstrr was negatived by a large mejorlty ; but M. Uuiiot announced bis Intention of bringing in a bill to meet the case alluded to Another discussion arose as to the misappropriation on the part of M Dnohatel of sums of money granted for the sufferers by the I.olre Inundation, in devoting them to electioneering purposes in order to secure the return of a ministerial member for fay. The Chamber, however, refused to entertain the subject, it is evident from peroelng the debates and the votes come to, that although some of the conservative party have deserted the leader, he has stills large wotking majority in the Chamber. A reduction has been made in the estimates of the army and navy consequent on the oessatlon of the war in Algiers. A Toulon letter of the -JOth says?"The steam-frigate Magellan is ready to start for Brasll to bring back M Ores, the King's Knvoy* to Buenos Ayree. The Prince and Prlnceee de Jolnvllle win em oar x in tne steam sloop of war, the Cuvter, for Algiers This visit and sojourn In Africa lg attributed to ths health of the rrlnoees. whr requires a temporary resideooe in a climate more aesiiDl latel to that ot which she it a native Abd-el Kader, after being confined for several day* in the Isisretto at Toulon, has been traneferrad to a wretched priaon at Fort l.amalgue. where ho ie treated with great rigor, iu consequence of his refusal to write a letter to the King, thanking hie majesty for the hospitable reception ho bad received (in the l-auett" ) renouncing the convention with . I nut VM MMI 1 were treated has been diminished. For some days past . | they ham been ellowed meat. and those of Fort MatI 1 bou-quet ar? no longer compelled to Ho upon the ground with ouly "hepped straw under them.but bar* peU'essee 1 furuiehed to them S^reta! of them who ware severely Cast dowu at halo* ffinu Ahd al-Ktdtr, h?TW a bran remored to Kort l.am?Wue And tbl* day again ,i nna of tha ohltf'a. a vary old man, who would osrUloly 1 hive died of (trial If tha aeparattnn had o mtioaad. has a been conveyed to tha presence of Ahl el-R?4er ThU a nil man had crept into a o irnar of hie prieon at Fort J Mnlboufquet and trom that ha would Dot mora uotll f ha whs told that ha was to b* transferred to Fort Lamelgus." Italy. f Tha Piolmtnhit 0mpoa*d of the Prince de Hoordla, the Duo de Bsrra dl Felco, Admiral lluggero S-'ttlcn, with two adrooatea t nd a monk. Some Infantry and artillery had been Und'd on the mole of the fort, to the greet succor of the garrtloo. 1'here had b- uieut at Palermo, to put down which, troope had been H 1 sent, although those on the spot were effect on a moat liberal coals. "The evacuation of Ferrara would seem to be any' thing but bon&fidr, if it is correctly stated in the Cen' lam/ioranro, that in spite of a protestation of tb* Cardi ' nal Legate, the Austrians continue in military oocnpa, tion of tha Plarraleof 8. Benedetto, wbioh they are aboat ' to roof over. The situation of the town is described as I ' extremely critical.''? , ff|Mtln? On the 31st. A."SO O K) sterling, in flve-frano plooos, loft , Bayonne for tha Madrid Bank of HI Fernando. The , day before the Infanta Don Enrique, eousln to tha i Queen of Spain, took his departure tor Toulouse, Atom Bayonne, where he has been residing for tbo last three month* I I The Queen's health has Improved so far that her Majesty has been out bunting in one o> the royal 1 forests. K, partem arrived in triumph at Madrid on the 7th.? Immediately on his arrival be sent an ald-de-oamo to . Narvaes to demand at what hour be could have the boi nor of paying his ratpects to the Qnesn. Narvaes re, piled that she would reosive him in the evoma.-. K*(arl cero repaired to the palace at tha appointed tito, and bad an interview with the Queen. The Interview was , long end affecting. On the lt'th, Rspartero took , seat in the senate. The first meeting between Eojtwi tern and N.irvae* took place on this ooeaslon They , shook hands, and rsmainsd in conversation soma mlI nutes I A committee of seven, Ave of whom are the Intimate friends of Salamanca, have been appointed to report on the further proeeejings to bo adopted in hi* cae* The , appointment ef so many of bis partisans is attributed to r the Influence of ihe Queen, and an intrigue of tb* Pro, greesista*. it ie not expected any thing will arte* cut of the eommi"slon A letter from Gibraltar gives an acoonnt of tbo occupation of the Chaff-trine Islands by the Spanish fore* under the command of General Serrano. Iwitssrland, An envoy from Rome has arrived in Berne, charged by the Tope to use his efforts lor the religious paeiffea1 tlon of the Catholics of that country. He i* c. breach i prelate, and of a conciliating mind. The Grand Couaoll of Valais have, by a majority of , Id to 34. added the property, reel and personal, of the Bishop of Sion, end the ohapter, ho , of the cathedral, as well as that or the seminary, oonvents, and religions eori porstions, to the domains of the State. After providing i suitable remuneration to the late boidere, the surplus will D6 fippuea in reduction or too oiuodri v?u?. ' The monks of St. Bernard, having refosed to pay tha t amount ot tha floe Inflicted on them, (10,000 francs.) bare abandoned tha monastery, which has bean taken possession of by the soldiers of the Diet. Uermanjr. i It appears that frlnce Me ternieh bad consented to tha alterations suggested by M. On! sot in the collective , note to the Swiss Ul?t hut that the intention of delivering this document in the joint names of tha repreSSS, tatlves ot the three powers has bean abandoned, i Serious disturbances have taken plaee at llanaw, in tha Kleutrrate of Heese Cassel, the clliaets of that place refuelng to take the oath of allegiatoe with those re trioiions, which his Koyel Highness tha Elector has 1 I thought proper to propose. [ j _ Austria. i Our accounts from V iaona mention tha grsat prepsi rations for rri>. forcing the array had bsen commenced, i Up to the 11th mat , tna purchase cf cavalry horses bed amounted to no less than I boo OuO florins. A great quantity of ammunition and cannon for Italy has been ordered The I.mperor had announced, ia an sntograph letter, that tha proeent state of the Lomberdo-Venetian kingdom may be considered a* revolutionary, and that in consequence tha superior authorities of the stele | have orders to take the neosssary measures for the re'stabliehment of Ibe tranquillity and security of tha country. Prussia. Tha Pruuian State 0as?|s, of tha 19th Inat, santalns two royal ordloacoes, ona a Hat of tweaty-eevea questions upon d iferent points of erimlael law, to be laid , before the select committee of tha united Diet, new l? i session. The other ordinance Ian regulation hew tha i ' traneaetioes of the eeloet committee are to he canted

The New York Herald dated February 17, 1848

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