FROM AUCKLAND

Hawke's Bay Herald, Volume 1, Issue 17, 16 January 1858, Page 2

FROM AUCKLAND

We have papers by the "Surprise" to the sth inst., kindly handed us by Capt.

Braund.

The "Moa," brig, had arrived on the 4th inst., from Sydney, having sailed on the 24th ult. Strange to say, the "Emu' 1 R.M.S., due on the sth, had not made her appearance at that date. Nineteen days overdue !

The Auckland race meeting had just closed. The horses of Mr. J. S. Macfarlan — "Kauri Gum," "Heather Bell, "and "Gazelle" seemed to have carried all before them. Active preparations were being made for the regatta, to come off on the 29th inst.

A few day's later English intelligence had been received at Sydney, but we observe little that is worthy of mention.

The Emperors of France and Russia met at Stutgard on the 25th August ; and the Emperors of Russia and Austria were to meet at Ivie, a town of Russian Poland, on the Ist. Oct.

The Paris Monit eur states that a subscription in favour of the English families, victims of the Indian Insurrection, had been opened under the auspices of the Prefect of the Seine.

The Austrian government had resolved to improve the port of Venice, so as to render that city accessible to large merchant

vessels.

The Emperor of Russia had consented to accept an address from the Evangelical Alliance, in session at Berlin, in which they solicit the removal of the prohibition to print the scriptures in modem Russian, which is now in force.

The Alliance terminated its labours on the 17th of September. Dr. Patton, of New York, was one of the speakers on the last day of the session.

The British Commander-in- Chief has conferred a good service pension of £100 a year on Brigadier-General Havelock in rerecognition of his brilliant services in India.

A fearful monetary panic had taken place in the United States, although, at the latest dates, an improvement was perceptible.

The commencement of the crisis was the failure of the Ohio Life and Trust Company, involving an amount of some 7,000,000 dollars. In three days after the collapse of this concern, banking houses of the first character closed their shutters at noon day. The Stock Exchange lost several of its influential members, and every hour brought tidings of the extinction of well known firms. In Baltimore all the banks suspended specie payments' — in fact no monetary establishment seems to have escaped the shock. .

The English money market is thus described at the latest date: —

The crisis in the United States will sooner or later effect, in some degree, the English market, and our intelligence from India is not sufficiently reassuring to prevent great fears for the effects of commercial derangement in that quarter. One certain effect of the troubles in India will be the diminished receipts of cotton, and this at a time when the cotton crops in the United States are not large.