AMERICA.

New Zealand Spectator and Cook's Strait Guardian, Volume VI, Issue 486, 30 March 1850, Page 4

AMERICA.

The bold and determined conduct of the President in the Key abduction affair, tod i latterly in the expedition foi Cuba, had* pleased both his political friends and enemies, and given much strength, to the Cabinet party* The precedent for .non-interference, which he has so manifestly established, would, it was expected, silence to a great extent the

Scott or Canada-annexation party in tbe States. The position of the Cabinet in tbe next session looked more promising than it did some few weeks since, There are very promising accounts come to hand of the new sheep pastures in Illinois. It was expected that woolgrowing would become one of the leading articles of trade in that state. The reports from Florida are gloomy. Additional troops were being sent off. Thousands of the settlers have been ruined and forced to abandon their homes and professions by the outrageous conduct of the Indians. It was feared that, notwithstanding all the exertions used by the United States government, the war would be prolonged for a length of time. A deputation is at present in Washington, as commissioners from the government of Florida, to submit to the Secretary of War an authentic account of the Indian difficulties reported to be existing in the peninsula portion of tbe state. Some permanent measures regarding the district would come before the next Congress for delibera^ tion. Some strange disclosures have taken place relative to the depressed condition of railway property in the States, and particularly in the eastern portion of them. There, as in some cases in England, the capital had been largely drawn upon to pay tbe usual dividend. The extent to which " preference" shares have been issued is calling forth general reprehension, the effects of their pressure on the market having been severely felt. In some instances the stockholders are losing 14 per cent, on every dividend of 6 per cent, they receive, as money is borrowed at 12Q per cent, to pay the annual or semi-annual dividends. The Irish Refugees in America. — The New York correspondent of a Cork paper (late of Young Ireland politics), gives the following bits of information respecting the runaway leaders in 1848 :: — *' Mr. Doheny is still in New York, oi rather in a village called Astoria, near the city. His family are with him. Ido not think he is doing much at present to advance his worldly interests, or, in other words, to win the "almighty dollars;" nor has he, lam assured, any great store of these at present. He is about publishing a narrative of the events of last year ' in Ireland, with a personal memoir for that ' period. I understand he is going west in spring. He would undoubtedly succeed as a lawyer in some of the western cities. It is stated that Richard O'Gorman will settle here as a merchant, and that his venerable father will join him shortly. The number of emigrants from Ireland arriving here daily surpass belief. New York is so crtwded that one-half of its floatiug population are unemployed. Amongst the most receni arrivals are sprigs of Irish aristocracy, and none act so manly as they. One enlists in the American army, and another turns barber." — Bell's Messenger.