(From the Sydney Herald of July 20.)

New Zealander, Volume 4, Issue 228, 5 August 1848, Page 1

(From the Sydney Herald of July 20.)

The revolutionary spit it continued to spread. AH Europe may now be siid to be infected by it. Eroia Sicily to Denmark Europe was in arms, and a general war would appear to be inevitable. The inhabitants of Sleswick have, for a century nnd a hulf. wished to be considered aB belonging to Germany and not to Denmark, und taking advantage of tbo troubled a»atc of Europe, they have declared themselvsa in Impendent, und appointed a Provisional Government, the King of Prussia and other German Sovereign* having undertaken to render them assistance. This will certainly plunge the North of Europe into a war. In the tiouth, the Sardinian tro ps inarching into Lombardy was practically a declaration of war ngainst Austria The troubles "of the French Provisional Governmen were only beginning. With an exhaug'ed ireasuay,t and a population believing that the levolution would lessen their work and increase their wages, the situation of the Ministers was most unenviable. To add to their difficulties, they were quaireiling among themselves. M. Ledru Rollin. the Minister of the Interior, is so ultra in. his views that his colleagues cannot coincide with him, and yet he is so popular with the working classes that they dare not dismiis him. His instructions to the various provisional officers of the republic me of the most tyrannical character, and give great ofl'ence lo the moderate party. The rock on which the provisional ministry will be shipwrecked, however, will be tbeir interference with wages and labour. In England there is no domeitic news, the papers ari> filled with details of tbc stirring events that are taking place on the Continent. Ihe Queen had recovered from her illneis, and ths infant Princess was in good healih. Some interesting extracts will be found ia other columns.

Her Majesty's Accouchment —-Her Majeity'f accouchment had taken pl.ce, which "intereiting event" is tbus officially notified. " Buckingham Palace, March 18. — Tins morning at eight o'clock the Queen was Bafely del vered of a daughter. In the room with her Majesty wtro his Koynl Highness Prince Alben, Dr Locock, and Mr». Lilly the monthly nusse; and in the looms Hiijoining were the other medical a tendants, Sir James Clatke, and Dr. Ferguscm, and also her lloyal Highness the Ducheßß of Kent the Lady-in-Wt'iling on the Queen, and the Ministers awl QiiigcAjj v>f i(a f .e suoiinjAed on the occapion. XiiC

Jrivy Councillors present were Sir George Grey, Sir Charlei Wood, the Duke of Wellington, Enrl Spencer, the Duke of Nmfolk, tbe Eail of Aucklmul, Lnid Campbell, Enrl Grpy, Mr. Lnbouchcrc, and Earl Fortcscue.'* Her Majesty continued to do wull, and congratulatory addresses were voted to her by both Housts of Parliament. With regard to the Money Market and state of trade, we quote the following from the Times of the 28th March:— Monday evening. The English funds have been flat to day, but from no other cause than the feeling of general uncertainty. Consols both for money and account, opened at 8\ to | , being a decline of a quarter per cent, from last Satirdays prices. Duo rinj? the day they touched 83, but they recovered before the r terminationof busidesi, and closed at 83 J tof . Bunk Stock with dividend for opening left off ID2 10 195 ; India Stock for opening 231 to 234 ; India Bonds 1 2s. 17i. premium, and Exchequer Bills, 31s. to 345. prem. Mexican and Portuguese utocks were chii-fty dealt Sn by the brokers in the foreign market. Both deftcripttans were decidedly better, and the bargain* were rather numerous. Mexican was done as low as4l£, »nd as high as ls|, bnt the latest business w»« aUout Js|, In Portuguese business was done at \4\ and at J 6 for the Four per Cents.; the nearest price at the close of the day was however, £. The English local news is not of much interest. The ptate of trade was improving, and money plentiful. The proceedings in Parliament present nothing of particular attention. Mr Ewarts Death Abolition motion wai rejected. Several disturbances had taken place in England, and much discontent seemed to prevail ; tha Chartists were indefatigable in their ngitalion.

France— Paris, Thur idvyEvi ning, March 24. •— Another calamitous commercial failuie lms taken place: the Bank of D'Eidithal & Co., lias slopped. — The house had a large G-rmnn connection, particularly with Munich, and itf> failure is coneideted to be the greatest common iill disaster which qb yet orcurred. All the Russians residini? in or vitiudg Pari«, have received an order to leave it by to-mono w. Count d'Appony remains for the present* alihough his departure is expected, Government proposes to take into its own hands all the unfinished lines of railways ; the shareholders will be required to pay up their full amount to the capital, and will )then receive five per cent, stock at par. We have leurnt (rom quarters, the correctness of which can be iclird up >n, that the demonstrations made on Friday week at ihe Hotel do Ville, by the 20,000 operatives, was got up by the Government, at the cost of 500,000 francs. Each operative was paid two francs, and the officers five francs. Notwithstanding the flittering reports issued daily in tho bulletins of the Minister of the Interior, we learn that the proclamation of the Repvb ie has encountered the most formidable resistance in several departments of the chief provincial towns. In some of these is required all the despotic authority tnfoiepd by M. Lediu Rollin on his commissaries to get it proclaimed. M. Led ru Rollin has found an opportutunity of rebuking the jealousy of the people as to the pretence of the army in Faiii. Such sentiments, he aayi, •♦ are unworthey French pcneiosity." "What could three or four regiments effect 1" The army feel tbe quasi suspicion with which they aro kept at a distance from the caj ilal very keenly. The Minister of Foreign Affiii's has forwarded to the Minister of the Interior, a statement of the nlaimi mule by the English workmen expelled from Rouen. On receipt of it the Commissioner of the Government in the dspartment of the Lower Seine was directed to confer with the English Consul at Havre, in order to verify the Eevernl demands. Pari« is at greeent perfectly quiet. The difference between tlic Na'ional Guard and Uio people has no outward expression j j(>:i]oiif>y and mutual distrust, capable at any moment of being excited by the clubs to the decree of activity nece>>sarv (or their purpose, neaily define the existing feeling.

It was currently rejorted that Osborne House was not likely to be long retained as a Royal residence. Loid Ashley announces that the Qurcn and Piincc Albeit have subscribed i/20) on behulf of the English workmen driven from France. A committee hin process of being organized, and Messrs. Heiriei and Farquhar are the bankeis. In the House of Commons Mr Ewirt brought for* waid hit annual motion for the abolition of capital punishments, when the numbers were — ayeß G6 — noes, 122. The Liverpool Courier says — te We nre informed that a negotiation is pending which will have for its result the introduction of two or three of the chief members of Sir 1101-eit Peel's late Government into the present one. Owr readers will remember that the first act of Lord John Russell, on taking office, was to offer seats in the cabinet to the Earl of Lincoln, and the Earl of Dalhousie. The latter nobleman, ult hough lie then declined office, ha» since accepted the Cover* ijor>Gencralship of India. The Earl of Lincoln is the^nobleman who is the pivot of thu negotiation. Lord John Russell, it is understood, will go to the House of Peeis, where his weight of character and sagacity arc much wanted by his party, and where it will not be necessary for him to speak often or ut great length. The Earl of Lincoln would be the leader of the House of Commons, assisted by Lord Falmerston, si often ai that statesman's now multiplying functions would allow him to do so. There would be a complete re-arrangement of offices, so as to let in Mr.jCardwell, and one or two others— and it is understood that the new Government would offer the post of Vicc-Presidout of the Board of Trade to the honorable member for Weitbury, who, both in his newspaper and in Parliament, has (hown so much acquaintance with the commercial affairs of the country. We have heard that Mr. Cardwell has been offered a position in the present cabinet, but that the arrangement wai not considered desirable because of the uncertainty of his le-electioo. here. The Times states that so far from Louis Philippe having amassed the large sums in foreign funds which the world supposes, he has invested the whole foitunes of himself and children in the soil of Fiance, so that if the present Legislature should confiscate the private property of the house of Orleans, the whole family trill be reduced to destitution. The French papen say it is well known that Louis Philippe has immense sums in the French funds, in other namcß besides his own, and it is not imp obtthlc but that the ex King ruay, through his agents, be at this moment operating on the Stock Exchange of Paris., lor the purpose oi embjrraising the Provisional Government.

PoitT Phillip.— His Honour C. J. La Trobe has been appointed the fust Lieutenani-Goveruor of Port Phillip. 1 This news baa been brought by the Mahomed Shah, (and may be relict) on. >iis Excellency's commission fis expected by the ms\t anival. 1 Miiitary. — M j>t Hi evps and the tletao'nuirnt of the DlMi :it pcrscnt centered bere, have Lien oideied on to Adddido by ?lie next tiip of liv. Juno, mid will be rcplored by a'ie'aclimci.t ~>\ th« lltli fn m V D. Land, under the comniantS of a I'apiam.-— i'ojt Phil U> Hcidid, I July C.

The funeial oration hi honour of the late Mi. I). O'Connell was deliveied on Wednesday by the Alibe Lncordairc, at the Cathedral of Notio Dame. The body of the building was crowded to excess; The abbe drrw n biographical .sketch of the deceased, and entered into a review of the proncnt state of Ireland. During the discourse of the pieachcr there were many remarks that wore seized on by the auditory as bearing on the present state of public afFairs in France. Ono expression was more particularly caught at, i" Aa I am about to speak," said the abbe, "on the subject of liberty, I hope God will inspire me with strength and energy to give due expression to my feelings on that important subject." This remark gavcriie to a loud buzz of approbation, and but for the sacred character of the edifice would doubtless have been warmly applauded. In the evening there was a grand banquet in honour of Mr. John O'Connell, at the Hotel Lambert, at which about one hundred noblemen and gentlemen were present. M. de Vatimesnil, who presided, owing to the absence of the Archbishop of Paris and M de Montalambert, who is confined to his bed, addressed a complimentary speech to Mr John O'Connell. Mr. John O'Connell replied in French. There were no toasts or speeches after dinner, it having been understood beforo hand, that with the exception of the address to Mr. John O'Connell, there should be nothing to change the character of a family party.