Arrival of the steamship lIibernia.
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DAYS from LlVcrpOoi, WIN Lonuon PaPe'o ~ ~
morning of the 4th inst. expressed to Livcrpoo
By Wilmer g. Smith.


The news is Of considerable Importance.


SPAIN has been revolutionized, and Esparterc
is fugitive in Portugal Narvaez is now Lieu
tenant General, and the Duke OF Baylen Guar
dian to the Young Queen. This almost bloodless
Revolution has been promoted, doubtless, by the
ntriones and the gold of France. Espartero
ges known to incline to Commercial Treaty
yitb England, which prccipitatcd his downfall
II is supposed that there IS an understanding be-
tween Louis Philippe and the ex-Queen Christina,
br virtue of which the Kings youngest son, the
Due d'Aumae, will marry the young Queen,
and thus cement the alliance Of France and
sn,in. Meantime the Government is penniless,
in. people factious and the whole country in a
wretched condition


GREAT BRITAIN is more prosperous and her
industry better employed than for years past
The Manufacturing Districts are in the main
busy and tranquil, except that the Anti-Corn
Law agitation is pressed with great vigor. There
Is al, active demand for Cotton Goods for the
China market. No change in Money matters
Cotton is firm at our previous quotations, al
though the stock on hand is enormous-no
les than One Million bales, or 100000 more
than it was year ago. The Merchants are pc
ttoning for drawback on exported Cotton.


The speculation in Grain had subsided. but
most untimely rain commenced on the I'd inst.
and was still falling when the Hibernia left
THIS interrupts and delays the Wheat harvest,
and endangers the crop. The Potato and Turnip
crops will be very large.


The opposition to the Corn Laws is evidently
gaining ground. Mr.. John Bright, leading
member of the League, has been elected to
Parliament from the City of Durham, beating
Puryis, Conservative, by 48S to 40 votes.
In IRELAND, the progress of Repeal IS still on
ward. O'Connell continues 10 address immence
a8semblages of enthusiastic Repealers, and to in
culcate the most implicit obedience to the laws.
Thousands are enrolled in the Repeal ranks daily,
and the fund is swelled by liberal contributions
from every quarter. Meantime the Cabinet is
divided and perplexed. They have crowded
$4,000 troops into Ireland, and can find nothing
for them to do. The ultimate triumph Of Ireland
Is certain.


In WALES the outrages continue.


From FRANCE and GERMANY there is very
little.


INDh is Tranquil, and the British conquest Of
Scinde is complete. A handsome revenue and
great commercial advantages arc expected there
from. Dost Mahomed has resumed the govern
ment Of Cabu, but not with the full concurrence
Of the Chiefs. There are apprehensions of diff.
Guilty at Lahore, when the French generals are
required to leave the new Rajah's Court. There
has been dreadful storm in the Bay Of Bengal
and on the Coast of Coromande at the Monsoon,
and dmany vessels lost,


From CHINA, there is little ofmoment. Ameri-
can ships are busy smuggling Opium, and some
British are trading in defiance of the authorities.
Sir Henry Pottinger is sick, or has been.


BRITISH PARLlAMENr--A fght-onc of the
most spirited of the season-took place in the
House of Commons on the 9th. The principal
sonbatants were Lord John Russell, Sir Robert
Pee, Lords Palmerston, and Stanley. The attack
was commenced by Lord John, in bitter and
sarcastic vein, who reviewed the difficulties OF
Ministers and their position sneered at the nea-
sules they had been obliged to abandon, IN con-
sequence of the hostility out of doors, and In de-
spite Of the powerful majority at their back
Foke Of their financial embarrassments as con-
TASTED with the superior tact for which they
gave themselves credit in such matters when in
opposition; dwelt pointedly upon their Difficult
ties In Ireland, and counselled them to better and
wiser proceedings. Sir Robert Peel's reply, like
every thing that falls from him, was able, but it
wanted the freshness and vigor Of his more sue
eeful efforts; he did not parry the thrusts of his
sssaiant with the pointed dexterity with which
mey were made, and he seemed oppressed with
nus position. In all the requisites OF mere party
speech, the happiest effort of the evening was
Lord Palmerston's He spoke contemptuously of
Mn'sters and their policy, in its domestic, for
agn, and commercial phases, and predicted their
early downfall. Lord Stanley, in vigorous re-
ply, terminated the interest Of the discussion
The debate, confined as it was to the four ablest
men IN the house, as well as the most accom-
pshed and powerful speakers, has necessarily
Gcited much interest, and the partizans Of both
see "AN Aoau III piaise VI lle elioItS VI tIleL
espechve tavorites. The debate presents the
ease OF the ms and outs for two years. Its peru
hi@lll remind many of the Scotch members
selaration-"I have heard many speeches. said
which changed my opinion, but never one
Which changed my pote."


Ireland-RepeaI.


The second Tuam Repeal demonstration took
place on the 2lst ult., on the race-course of Cur.
hwc ,h,,,t ,,,,o ,,;les from, tho {ou,
very numerously attended. Several resolutions
se,e passed.


MI. O'ConneI addressed the meeting, express
hg great delight at it's magnitude. Mr.. o'Con-
hsa found great fault with the conduct of the peo-
plsof Ahascragh, small village, who had broken
me law BY storming and injuring the policemen,
70 9ae Of whom had taken down a triumphal arch.
wong, the law was open to them, and he prom
