News by the Panama Mail.

Hawke's Bay Times, Volume IX, Issue 459, 7 March 1867, Page 2

News by the Panama Mail.

[special telegraphic despatch to the pa* KAMA STAR AND HERALD.] New York, Jan. 11,1867. The Spanish Government is making extensive military preparations to avert the threatened outbreak in Spain. Quean Isabella has summarily dissolved the Spanish Cortes, and has also ordered the arrest of Serrano. The latter is supposed to be implicated in some way with those who are stirring up sediton. Advices from Corea state that the French troops have burnt the palace and the government houses at Kangho. All attempts at negotiation failed. All the transports destined to bring back the French troops in Mexico havo sailed from Toulon, under convoy of heavily armed iron clads. The King of Italy made a speech oa New Year’s Day, predicting peace for the future, but urging improvement in the mil tarv organization of the nation. Garibaldi, it is said, will join the Greeks, if the war in Candia continues.

The difficulties between the Pope and the Italian Government have been satisfactorily settled. The Papal Cabinet have agreed that hereafter the appointment of Bishops shall be made by His Holiness the Pope, the said appointments to receive the sanction of the Government of Italy, Tne Pope made a speech on New Year'a Day to the Diplomatic Corps, in which ho referred in severe terms to the want of adherence to the Papacy on the part of some of his former frends. The committee of action In Home have issued a proclamation calling for an early rising of the inhabitants against the authorities, and in favor of the incorporation of Home with Italy. A Constantinople telegram says that the Candian insurrectisn has been completely suppressed. The Prince of Agustenburg has given in hie adherence to the King of Prussia. Six more Spanish iron clads have been sent to the Pacific coast. The Empress Carlotta, oi Mexico, still remains at Miramar. Her health is better and there are strong hopes that she may entirely recover. The Etoile Beige says,that the efforts of the French Government to form a triple alliance with England, Prussia and Austria, have cntireh faild. Matters in Ireland are perfectly quiet and there is every indication they will remain so. The Austrian Government has extended an amnesty to the Press throughout the Empire for all past offences. It is reported that Napoleon will abandon the idea of re-organizing the Franca army for the present, the plin being so unpopular with French poeple. ft is said that Italy insists upon fail reparation from Turkey for the tiring by the latter upon one of the steamers of the former. An earthquake in Algeria has destroyed a large amount of property and many lives. Baron Ricasoli, Premier of Italy, has written a most important ititer on the subject of the position of the exiled Bishops of the Catholic Church, and there statues ' towards the State after there return. The Baron extols the plan of freedom of worship guaratred in the United estates as a model one for the Catholic# of free Italy. • Count Bismarck has been making a speech ■ in the Prussian Legislative Chamber, ■ ia which he frankly stated the reasons why

*.xUoole vOudUUcd thv nlvu AUStSIa. H® think® that France has gained by the exclusion of Austria from (Germany, and that Napoleon and his Cabiuet will maintain the moat friendly relations with enlarged Prussia. The Queen of Spain has summarily dissolved the Spanish Cortes.

Jssw York, January 11,1867, 11 o’clock, a.m. Our fastest dates by the Atlantic Telegraph are to last evening. Loxdok, January 10,1867. The Times of this morning says that the proposition to impeach President Johnson, which is now before Congress plainly indicates that the United States are verging towards another revolution. The reformers have come to the decision not to make their proposed demonstration, upon the assembling of Parliament, by the presentation of mass petitions demanding reform. They will take the better eourse, and permit the question of reform to come before Parliament in the customary manor, without endeavoring to force it there by disorderly demonstrations.

Consols close at 91 for money, and United States Five •Twenties at 72£. The Liverpool Gotten market closed dull at 14Jd for xniddlig uplands.