The New York Herald Newspaper, December 26, 1847, Page 2

eutrallt he has sanctioned as 4 rapture of peace, sad cys of hostility against his Majesty.” It | was determined, however, to send the Prussian note to | the committee of seven, which has prepared all the im. | portant resolutions decreed within ths last four months. But, at the same time, orders were given to the divi of Burchardt to proseed to Neufchatel Tho division of Ochsenbein, which was to have resurned to Berna in the eveoing of the 28:h, will, without doubt, have reoai ed the same destination, We learn from Neufchstel that qaarters had heen prepared for the radical troops on ths frontier of the principality. Every thiog aa apation of Neufchatel is deter- nownees ¢ iw ned on. no need to fasist on the gra vity of this new affair, Their snoceasess at Friburg and turned the radicals’ heads. Iu this h, there was a qaestion of nothing bur war where people are sti ted A deputy. in hit admiration of the Bernese militia, eried Lat be fancied he saw in them the soldiars of the French republic. Uri has capitulated like Schwytz sad Valais "Phe ehiafi 01 the Sonderband have taken refaze fu the Upper Valais; from thence they may, when this Inst re- fugesball escape them, gain the seuth of Europe by the road of the Simplon A provisional government of oven members has been formed at Lucerne. This go- vernment will proceed like that of Friburg. It has sl. ready deereed the suppression of all convents and the vonfiseation of their property. Col. Zisgler, ebarged with the command of the troops which ocoupy Luceene bas talren energetic measures to prevent arenewal of the excoasas committed at Friburg {nm the night of the 4th, an attempt was made to ravage and pilings the | church oi the Jesuits Oa of the aldes-de-camo of tha | general {o-chlief proceeded there at the head of Vaudeso | company, aud he was obliged. ia order to prevent the eutranos of the church from being forced, to make bis troop present their bayonets.” Tadta. 4 The [adia mail from Bombay, Nov.2. errivedin London | Deo. 4th, at 3AM. The London mail of September 24, had not reached Bombay when it lett, The intelti- gence is of interest. Indiais at peace, except at two poiats, viz: the Boiglie frontiers, and the Goomsvor country. Sciude generally continues tranquil. The new olvil governor, Mr. Cringls, was busy in procuring re- ports from the officers administering the various dis. | tricts Those reports are,it is said, to be laid before theGo- | vernor of Bombay.on his arrivalin Kurrachee, which ts to | take place in December. The disturbances which were | spprebended in the Peshawar distrists, have fortunately | not taken place. The collestion of the revenue, which | was considered sufficient to give rise to these disturban- ces, is proceeding in quiet, and prospects are held forth of a mild rystem being adopted. From Afghanistan the news is noc of interest. Dost Mohammed is employed | tn settling the disputes emongst his sons. The new Vi- zior, Haider Khan, has made some changes in t his trocps, and introduced msn ot an inferior class into the cervico. In Lahore peace prevails, and the dusera has passed over tn quiet. Muoh interest was attached tothe visit which Lord Hardinge was about to pay to the Kiog of Oude. His lordship, while moving to- wards Calontta, was in November to meet the Kiog and to spend some days at Lucknow. The much talked ReJab of Sattara, died at Benares on the Lith of | r. : Thy crops of Egyptian produco,taken in last Apriland May, were rapidly coming down to Alexandcia from the upper couatry. bey are generally short, and that of wheat, in particular, was deficient. Prices were quite nominal,bolders preferring to ship on their owa account, | rather taan submit to ® reduction. The Ariel arrived at Alexandria oa 2ist, with the London uail of the 8th of November. Financtal Intelligence. Fatunes or Mercuanrs axp Baxwens ty ENGLAND AND oTHER Paks oF KuRore, since THE 19TH OF NovEnt- BER Wiliam Abbot, sto skexchange Ashburner. leather factor. . .. Bonaffe & Co., Merchants. . .. Boydeli & Roper, iron merchant Brownrigg & Co , Bast India m Robert Buchanaa, broker. . .. AE Byrne.....e+see0e Campbell, Harvey & Co, silk merchants. © Dx Foaae & Noete, bankers... . D Wolf D+ Portemont, seed crusher A &J Downie, dry salters. .. J. Edwards & Co, wool broker Wm Eykin, stock exchange... Farthing, Son & Co. marchants. . Fergusson, Wateon & Co.. silk merchants.Glasgow. «London. | \ Liverpool. ‘Havre. ‘Birmingham. Liverpool, Robt Forrester, warehouseman..... do ‘Thomas Gales, ship builder sees Suvderland. Grosjean Nephews. banke: cesee es Brussels, J fl tlawkine, stock exchange. +++ London, Heunikiow & Briart, bankers. . »Mons Robert Imreay, alkali manutacturers . .. . Newcastle. Leaf, Barnett, Seoteon & Co, warehouse- meno. Norrison Lackerstewa & Co, East [adi Saivudor Pacifico, merchant,. . Pemberton & Co, Canadian merc! J.& H. Keay, wine merchants, . Ricarby & Harding. ...... Kiewit & sauzevelt. merchants. B Rroutfaer & Son, merchants. . Sargant, Gordon & Seoretan & Capper, atoc Teroolin Sigurt, banker ‘Tanner & Ward, leathe ©. Traewan & Co, Medit stook exchange, Union Buwk... 4.0 ees . J. Van Zeller & Uo, merchants, Mark Walker, fax spinner. . ‘Liverpool. Rott-rdam. +... Rotterdam, Colonial brokers. , London, xchange. \ Henry Wuitiwore, stock exchange. ‘uo, Williams, do Charles Young, do Bank or Exauaxy —The following letter was trans- mitted to the bank on Monday, the 28d ult, and was immediately published, with the reply of the bak autho- ri ithes :— “Dowsisa strerr, Nov. 23, 1847 “Gestiemen—Her Majesty's government have watch. with the deepest interest the gcadual revival of con nee in the commercial c! es of the country “They have the saciefactioa of believing that the course adopted by the Baok of England, on their re- commendation, has contributed to produce this result, whilet it has led t> no infringement of the law. (t appears, from tae accoante which you have trans- mitted to us, that the reserve of the Bank of England has been for some time steadily increasing, and now amouats to £5,000 000. This increase has, in = great moasure, arisen from the return of notes and coin from the country Lhe bullion exoee?s £10,009.000, and the state of the exchanges promises a further influx of the precious ma- tals The knowledge of these facts by the public, is ealeu- lated to taspire sill farcher confidence. a these cirenmstances, it appears to her Majesty's roment, that the purpose which they had in view in ter wich we addressed to you on the 25th Ooto- ver, has been ruily answered, and that it is unnecessary to continue that letter any longer in foree.—We have the honor to be, &o (Signed) “J, Russeu “Cuances Woop, “Governor and Deputy Governor of the Bank of Eoglend.”’ “Bank or Exatanp, Nov 23, 1847, “Gentlemen—We have the honor to acknowledge the receipt of your letter of this day's date, in which you communicate to us that, in consequence of the yeadual revival of conSdence in the commercial classes of the couatry, it appears to Her Majesty's government the object th-y had in view in the letter they ad- ed to us on the 20ta October has been fully an- Sad tont it fs unnecessary to continue that ‘ay longer in force. We have the honor to be, ko. Signed); JAMES MORRIS, Governor. he tltbees “H—, J. PRESCOTT, Dep. Governor. “ To the First Lord of the Treasury, and the Chancellor | of the Exchequer.” | Ac account, pursuant to the act 7th and th Vic., cap. 82, for the week ending Saturday, Nov. 97:— Issun Deron NT. £,96,185 Gow't de! Notes ismed....++ +£11,015,100 2,984.90 8,745,732 1,210,433 £23,956, 16! £23,956,165 Bannive DerantMent. | 14,553,000 Gov't securities | 3,629,567 (including — dead | ).. 410,916 591 | 18 531,810 4,985,590 516,778 | | | 040.772, £35,041,772 | Dec. 2, 1917. M. MARSHALL, Chief Cashier, The above return, for the week ending the 26th No- yember, when compared with that for the previous week, ending the 20th of November, exhibits the follow- ing changes In ths liabilities an increase of Public Deposits of £909 770. an increare of other Deposits of £372,072, an roase of Seven-day Bilis of £9 755, and an increase of test of £6 244 Iq the asse's the return shows a decrease of other se- encities of £269,307, wn increase of Reserve of Notes of 53.495, an jocrease of Gold and Silver Coin inthe Department of £55,666, and an increase of the yortmunt Securities beld im the «ame department ot £312 987 | week, whe of conecls for money was 85% to %4, whence, 0: tome sales, they receded to 80%—the tinal qu 862, dectiaed to 8644, and closed at 365% | Bank stock left off at 187 to 189 Reduced 3 per cents, Si\g to 3g; 3% per cents, 85% to 74, India Bonds, 30e to | 203, discount. India Stock, shut yesterday. Ia Ex: | chequer Bills a decided rise is to be noticed; they began | at 18 to 3s prec), aud left off at 4s to 6s | Money, out of doors, to-day, has bean easy.and bills maturing in all January have been discounted at OX percent. In the Foreign Stock Market the cbirf trans actions were in Mexican, which for money were done at 18S; for the account they were not so good. being last eMforaly quoted at 177; Spanish were also steady, and the 5 percents were doce at 15% and the 3 per cents 2054, B an siaall were quoted s0 Kcuador 2% Portuguere | nta 74; Belgian 4% per et 89. Dutch 234 per cents 543¢ and the 4 per cent certificates $4. There was & good supply of foreign bills offered on 'changs to-day, which generally speaking went off currently, at similar Tates to those of last post. | Tho corn market still continues dail for buyers. The | rates this moraing remained as ou Monday last; but if | sales to any ex!eat had been attempted, a decline of 2s | | must have been submitted to. Letters from Glasgow, received this P. M, mention the failure of Bailliv, Ho neymaa & Co. Their debts are stated at £45,000, and a compromise has bee offered of 10s on the pound. In the colonial mark-ts, durivg the week, there has been considerable heaviness, great disinclination having been | shown to transact business. The sugar market has, per- | haps, been the most affected, # reduction in price being | observab's to the extent of Is to ls 64 per owt, the mar- ket closing this P.M. with unusual dullness, although the total quantity brought to public competition by the | importers.nus been more limited than usual The suspen- | sion of another firm, acting as general produce brokers. | mals known oa Monday.added to the general depression | In the ooffse market the trade have byen unwilling buy- | ers, even at prices much below those of last week. Several | parcels of the pla tation kinds have been brought for- | ward, and nearly ali the holders have evinood a desire to realize, which they have only been enabled to accom- plich by submitting to a fallof 28 per cwt. The vative | kinds of Ceylon have formed an exception to the gene- | rai deotine ia price, for iu thia fastance, an enquiry for | speculation having arisen, and the quantity in first | handa being emall, the importers have refused to sell at | 343 per cwt, and pow demand 35s; while the common de- ptions of plantation range only at 9s to 40a por cwt. | Rice also presents full of 1s per owt, and the transac- tions have been limited. Of tea, a public sale occurred on the 2d inst., when 16000 packages wore offered, and 3100 packages met with purchasers. ‘The nale passed off with extrems heaviness, and prices of one or two kinds wers barely maintained. Privately, there has been very little business doing, but a few hundred chests of the new Congous have been sold at 1s 6d, against 2s 2d per | 1b, the opening price of Inst year. ‘he wrrival of the Washington, from New York, with £30,000 in sovereigns, was made Known in the city late | in the evening. | It is mentioned in the continental papers received to- day, that the banking firm of Tereelin Sigart, of Mons, is already goivg through the usual formalities of an ar- | rangement of affuira | ‘The statement of accounts exhibited, ahowa debts and liabiiities to the extent of three million francs, and assets to the extent of six million francs. Under these ciroum- | stances, it was thought the Belgian goverament would | perhaps interfere, and, by a temporary advance, enabdle | the essablishment at once to resume business | The same journals state that the Austrian authorities have decided upon constructing a railroad in Galicia, and employing on the works the troops garrisoned in that province Additional pay to the soldiers is to be granted for this new duty. by order of the government ‘Tas Coustantinople advices of the 17th ult continue | to report. dull state of business. The operations in | grain had been particularly limited, the discouraging | Lone of accounts from this side greatly influencing the merchants. The silk trade was rather more active, low | prices having brought forward a few buyers No per: | manent rise was, however, expected to be maintained. | Freights to European ports were still depressed. Loxpox Moxey Manxet, Deo. 3,—The perceptible | improvement which had taken place in the aspect of | business generally, atthe departure of the last steamer, | continued steadily to advance, until the close of the last in consequence of the announcement of ditional fuilurer, mavy of them of startling magnitude, artate of gloomy apprehension was produced upon the | public mind ‘This feeling, however, operated upon by | & variety of curative causes—the importation of large | amounts of specie, thy absence of further failures this | week, and the reduction of the rate of discount by the Bank of England, to six per cent. ag well as the increas- ing liberality indicated by the baaking establishments of the country at largeamis now!cousiderably al business has assumed a frmer and healthier tone. tress, in the meantime, is far from being all The monetary restrictions upon trade have undergone no very material relaxation, the mercbants and manufacturers are still ‘alike unemancipated ; | but a reaction for good has taken placw, and | the resuits, though they may be slow, will ba sure | of. realization. In the manufacturing ‘districts » re- vival of operations has taken place, favored ia great measure by the late reduction in the value of cotton. Che present prosperous condition of the Bank of Eng- lund, which holds upwards of ten millions of bullion. and the disposition it evinces further to siringent obligations of the bank charter of 1844, by ex- | panding,in the epirit of accommodation, haa led to # ma- nifest resuscitation of confideace,which nothing save un- foreseen and improbable mischief, can destroy. The | state of the funds, since our last! advices, hax been | tolerab y steady,with a direct upward tendency. Yerter- | day the quotations for money closed at 8955, and for time | at 3¢; Exchrquer bills had risen to 57 premium, and bank stock to 18534. | Panis, Bouns:—Thureday, Dec 2—Three O'Clock — In consequence of a considerable delivery of rents, the French Funds went down from the beginning of the mar- ket; about a quarter before three matters improved a little, bus still leaving prices a good deal lower than those of the day before. The Three per Cents opened at 77f. 500. for the December account, and closed at 77f. 20c ; they were at four o'clock done at 77f 30 ‘The Parquet was all day lower than the Coulisse, the Threes not hay- ing gone inthe latter lower than 77f 25/0. The Loan | opened at 77f. 6c, and closed at 76f 90c The continua. | tions continue high, beiog for the Three per Cents 200 to 40c. and for the Fives 43%c. to 600. Ruilway Shares | were heavy, and show a slight decline. A rumor was | prevalent to-day that an accident had occurred on the | Northern Railway, by which a number of persons had bven wounded. It appears that as a train was approaching the Paris terminus, at twelve o'clock, a locomotive get- ting in the wrong way, in consequence of the points not | having been properly arranged, ran into the last wagon, | and caused about 15 persons to be wounded, mere or less | reverely, besides flinging off the engine-man with such | force as that both his legs were broken. Jt produced no | effect on the price of the shares, as the decline was | only If, 250. The Corn Trade of Europe, [From Wilwer's Times, Deo. 4.) Loxpow --Since the sailing of the Britanofa, the ma: ket for most descriptions of grain and grain produce, bai been inactive, and prices rather receded. On the 19th | terms for wheat were ra:her lower. Indian corn and Ia- dian meal were taken, {fo retail, at fully former rates, On the 22d, holders of foreign wheat were generally un: | willing to give way in the rame proportion ae did those of English; indeed, really flae qaalities wery very little, if anything, cheaper then on the 15th, and tbe decline on the common sorts did not exceed 1s per quarter. Quota- tions of town-maoutactured flour remained nominally unchanged. American, unless very fine, was 1s per bbl cheaper. The market on the 24th remained steady; the demand for all articles was limited, but no change took place in prises. Wheat, flour, and Indiau corn had but a slow sule on the 27th, and barely commanded the prices of the 224. At the market held on the 29th ult , the operations in foreign wheat still more restricted scale than o sence of business of importance, quotations remained nominally unaltered. ‘I'he value ot flour uaderwent no | obange requiring notice, The display of barley simples | was moderate, and fine malting sorts were taken pretty | freely at previous prices; aud even the secondary kinds were not cheaper than on the 22d, On the Ist inst., the stands were very scantily supplied with wheat of home produce, the general quality of which was inferior, aris ing from the prevailing damp weather. The few fine parcels on offer so'd at full prices, but all other kinds | were much neglected. Fine foreign whests, though the demand for them was by no means active, were quite as | dear. In other kinds so little was doing’ that tue rates | were almost nomival. In allother kinds of grain, as well as flour, scarcely any business was done, At the warket held here on the 8d inst , wheat was in sluggish demand at barely the rates current onthe 29th ult — There was a fair demand for Indian corn, meal, and flour, which obbained full prices Livenroo.—Since our last publication the corn mar- ket hos bad a declining tendency. At the market held on the ult the best descriptions of English, Irish, avd foreign wheats, upon a limited supply, were in fair demend, chiefly from country millers, and maintained previous rates; whilat the lower qualities of each baing difflcult of sale, were rather depressed in valine. Flour continuing to meot good inquiry, choice American brands supported late prices; the general runs and doubtful parcels receded 6d per barrel. Of Indian corn | several further miles were effected, both for English and | Lrish consumption, and though not quite so lively as be- fore. late prices wero supported. Indian meal 64 per barrel lower. Oa the 26th wheat receded 2d to 3d per | bushel. American flour maintained late prices. Indian corn being more neglected fell 1s per 4801b. At the The Bullion in the iseue avd banking departments to- poher amounts to £10 632 043 with £10,016,057, the amount of the previous week's re- tura, snows am increase of £515988. The Notes aod Post Bills in circulation amounted to- gether to £19,569 654; which, as compared with £20 17! 074 the amountof the preceding week's return, sho & ducrease of £316 420. ne avo ve r turo exbibite in a marked degree th. ° creasing strength of the banking department, the total reserve, inclading the coim in hand, belog now £5,563 - 955, showing an facrease of upwards of three-quarters of a uiliion sterling inthe course of the week This in- been chiefly (he result of the ueusl payments i the bank op account of the public revenue; but it wilbs observed that the private deposits have onc# wore begun to increase, {he amount thie week being con- fiderable. advances on bills aod stock, shows the effect of the high Tui Ci interest, the amount having decreased upwarce | of a qnarter of a million ‘This result may no doubt in atidbuted to the dimivished demand for banking 2 ConReqUeHee Of he contraction of the trade sis is an effect of the bigh rete of avk busnot bron «ble, or has not | e hal sintan) * for the week in nt of Government it will be seen that | ten nearly equals the amount received as private deposita. ‘The increase of bullion to the extent of upwards of bulf a million eter- Jing proves (hat the drain ior gold has vow ceased, end | we belicve that lerge usar taken from the bank durin the late panto will begin to find their way back there, | and so augment the amount which will come to us fro the continent and America in conneg of the ntate of the exshang lined; but this is easily ex * other items | God the receipts the ,ouden Tim aay q & alight deoline; but Mie Huetwations have bean onlinpertant, dhe Get prive which, #s compared | The item ci other securities, consisting of | market held on the 30th, there was a slender attendance of the trade, aad small show of samples of grain. flour, | Ko. The sales of wheat were quite in retail, at a decline | of 2d to 24 per 70 bs on prices of that day week on new and old. Flour,too, was flat, aut 1s per barrel cheaper Oats were 1d per 4oibs lower; aud oatmeal was reduced 1s per load in value, Jodian corn was 1s to 28 per 490 tbs; and Indiao meal ls per barrel cheaper. Barley, | beans, and pease were offered on eusirr terms, and flat.— Yesterday, Deo 3, rales of most of articles of the trade proceeded with difficulty, aod the oggregate transac- | tions were of limited amount The general runs of wheat soust be noted fully 2d per bushel cheaper then | on the 30h, and the finest qualities of new Irish and | | foreign, though held fr late prices, were alro nominal rather lower Flour was again depresved 6d per sxc | and barrel, except for eboice fresh western canul, which nearly supported late rates, Indian corn continues in | | very slow request, few orders appearing from Ireland, | aod the currency is to-day Is to 2s per quarter below | el ios | being 85% to %, for the January opeviag. They began at | | considerably deadened its activity. | duction to tho market of home farm produce, will, | noticed above has been thus tardily obtained. The | | that of Nov. 30; the beat Indian meal sold at 158 6d per | bi Cos tixes ral —By our advices from the north of Ka. | cears that the supplies of wheat received from | he farmers at the diff reot inarkets, had somewhat in- | creasid, and as the export demand had been compara: t y unimportant, the teudency of prices bad been downwards; the stocks were, hewever, much reduced At Dan's'o, arele of 70 asia wheat wax reported, be- ow 67 pounds, which fetched 424 to 438 per quarter. | weather there continued remarkably wild. ! At on cok, Wheat was held at 45s to 40s; Rye, 284 to 30 and barley, 45 tw 26s per quurter, free on bourd cum are thus Kepl up | At Stettin, Uokermurk was held at 478 to 48s per quar- ter, weighing 61 lobe to 62 lbs; of ibe barley at 27s per (narter; peas 37s per quarter ‘The morketat Hamburgh was lively, and a considera le quantity of Wheat was ¢ bout le per qaarter d pland, Git !be ving i" i per quarter, Nee 4 Holstein, GL iP to 4 Lbm, 404 Ge Ole per (uarter some bepley, weighing | ey bwehe! commanded 4s Od por yudriar nt Hee- | jand; Danish aud Holstein, deliverable at Hamburg, commanded 26s to 27a per quarter. From the south of Europe the intelligence is of little interest, but the value of wheat appears to have been well maintained at all the leading ports of the Mediter- | ranean, Avensore Paice of Guar ay Exctaxn, | Wat. Barly” Oats. | Rye. ty Hus = Peas Oct. 6 a7 330 eos 4 Ocs. 37 84 who aT aT 8 Oct. 30. 336 ot 334 46-0 (50:10) 6. 32 9 23 0 an 6 6 4 a4 a4 3.7 oo 483 ao au Rio aor 490 Av.of6wks.t3 10 32 9 2 0 4 2 46 3 48 5| Liverroor, Deo. 4, 12 o%elock, M.—Conn, &c,—Best | Western canal flour 2s to 294 per barrel; Richmond and | Alexandria, 28+ to 24s 6d; Philadelphia ‘and Baltimore, 288 to 284 6d; New Orleans and Obio, “sto 27s; Cana- | da, 278 to 294; United States and Canoda sour, 21s) to2s Whi United States and Canada white mixed. to 84 4d; red, 6: to7s 64. Indian | Corn, per quarter, to 36s, Corn Meal. 15s to 15s 6d per barrel Oat Meal, per 260 pounds, 26s to 27s. Oate, 45 pounds, 24 Gd to 3s" Barley, por 60 pounds, 3s to 4s. Rye, per 90 pounds, 3s to ds.” Peas, per 504 pounds, 308 to 40s Since the departure of the last steamer the corn market has been greatly depressed by a tlackened de- mand from the interior, which with. other causes, has Viour has fully re- White lodian Corn is per 70 pounds, 78 from 6d to ls. per barrel. and Corn Meal have been equally depressed; the int iv very sluggish demandifor Ireland In the London mi kot yesterday, although the arrivala of English wheat for the week had been exceedingly limited, the business tranracted was scarcely noticeable, save for some select- ed parcels, which brought average prices. ‘The intro- doubtless, for the present, operate severely against for eign importations Paices oF Burapsturrs ix Liverpool, accornino To tue Teceanaraic Revont 18. Noi 3 American Wheat,... 7s 4da $8 9d 4 American Flour, 298 0 300 2850 a 295 0 Indian Meal,. . . 1586 a 166 168 0 a 168 6 Indian Corn, 3550 a 390 325 0 a 3680 Havax Corn Manxer, Nov. 23—The transactions in foreign wheat and flour are now quite devoid of interest. and our quotations for the former are f 48 to 56 per sack of 200 kil., accurding to quality, but fhey azo merely no- minal, and for American flour f 32 to 37 per bhi, Several cargoes of oats were imported from Hamburg aud Den- mark. At the last Montivilliers market, the av price of home wheats was f 55 per sack of 200 kil. ing & decline of f 1 on the previous quotation. Koy. 30—Nothing whatever has been transacted in breadstuffs, We quote for o wheat at f 40 to 65 per sack of 200 kil, and American flour at f 32 to 37 per bbl. We have received a cargo of oats from Denmark Asse of 815 bags American oats took place at f 10 123¢ per 60 kil. At the last Montivilliers market, the average price of home wheat was f 54 per sack, showing a decline of f 1 on. the quotation of the previous week. Markels. Livenroot, Corton Manxrr.—For the week ending | November 26,—The middling qualities of American are a | little higher this week, perhaps }¢d, not more. The di: cussions ia Parliament relative to the ot of the com- mercial and manufacturing districts, appear to be givin; little more confidence to our proceedings, both he: and in Mencheater. There is less of gloom, and greater willingness to enter upon new transactions to some guardedextent. But itis under the influence of a bet- ter state of things, connected with the rate of discount and the lower value of money, that this small fraction 10} change for the better, however, is only toa very small extent. Astoany important advance in the price of w material or the manufactured, very little n bi on that score ; aud perhaps, after this long and patient waiting for events, we miy be forced to the unweloome conclusion, that the vast impoverishment of the whole of Europe by the failure of the potato crop and the food of the masses, for the last two or three years, will admit of no other than a slow and very gradual re storation. The progress from actual pate to actual undance.is but rarely 8 quick movement. 400 Am ican apd 300 Surat have been taken on speculation, and 2050 American, 250 ‘at, and 200 Madzas for export. 24 les for the week are 26,260 bales.—George Hult $ Another Report.—There has been good demand from the trade during the week, and exporters have also pur- chased rather freely. In prices little change has occur- red, but the middling qualities of American are quoted gd higher. The recent import of Egyptian has been pressed upyn the market at a decline of '< to 44d per Ib Brazil and Surat are unaltered. Speculators have taken 400 American and 300 Surat, and exporters 2050 Ameri- , 200 Madras, and 200 Surat. The sales for the week are 26,260 bales —Unired Broker: For the week ending December 3 —We are again a lit- tle lower in cotton. Perhaps ‘yd will be the nearest fraction that can be named for the reduction of this week. In some of the better classes of American the de- cline is more than 34d, whilein the lower sorts it is hard- ly somuch. ‘There is, however, on all sides an apparent reconcilement to the low scale of prices to which the market has now sunk, and the hopes of aturn up again to the rates existing at midsummer have latterly disap- peared altogether. This more settled view for the fu- ture has been brought about muinly by the increased estimates of the coming crop in the United States, and the reduced scaleof prices existing in that country. In other respects the points bearing upon our market seem- ed to be in its favor. Cheaper and more abundant mo- ney, with less commercial engagements, a light stock, absorbing comp wratively but littie capital, w somewhat | increasiug consumption, with a continued low price of | corn, should give steadioess to our proveadings, or, at | 700 any rate, save us from mych further depression. American and 100 Surat have been taken for ‘The sales for the week are 22,600 bales.— Gor $ Co. Another Report.—In the early part of the week there was a fair demand from the trade, but the purchases for export have been less extensive than of late; holders have shown an increased desire to effect sales, and since the arrival of the Boston steamer, briaging larger esti- mates of thecrop, the demand hes fallen off, and much heaviness has’prevailed ; in pricesa deotine is quoted of Sed to 14d per lb. on nearly all cescriptions E-xporte havetaken 700 American and 100 Surat. ‘The sales for the week are 22,600 bales.— United Brokers. Livenvoot Provision Manket, Dec, 3.—Beef—Prime mers,per tierce, 304 Ibs. new, 84 to 908; ordinary 70 to 801 old not quoted; mess, per bbl, 200 lbs 40 to 488; ordinary 36 to 428; prime 30 to 36s; extra ly, &e., per tlerce, 336 Ibs. 95 to 1008; Pork, prime mess, per bbl, 20) lbs, 56 to 628; old 30 to 40; mess 60 to 658; prime 38 to 42s. Bacon, duty free, dried and smoked, old, per cwt, 30 to 40s.; long middles, free from bone, in salt, 30 to 60s. Hams, amoked or dry, in canvass, duty paid, 20 to 60s; in casks, salted, 25 to 863. Tongues, ox, in pickle, duty paid, per dozen, 10 to | 168 ; pigs, per cw, 15 to 258, Bucter, United States, not | quoted; Canadian 70 to 85s, duty paid; Cheese, fine, du- | | ty paid, 40 to 60s per owt: middiing, 43 to 494; ordinary, | 30 to 40a percwt Lard, fine leaf, in kegs, per owt, 50 to 54a; do in bbls, 49 to 52s; ordinary to middling, 46 to 54s; | do in bbls, 49 to 62s; ordinary to middling, 46 to 438; in: | ferior and grease, 29 t0334. Rice, duty free, first quali- | ty, per cwt, 19 to’ 228; second do, 16s 6d to 19s. | Livenroon Puices Curnent, Friday, Deo. 3—Sugar | —Holders having shown more ‘disposition to sell market has declined Od to 18 per owt hhds B. P., and 2600 bags Bengal, and a few bags | damaged Mauritius and Madias at this reduotion. | Foreign—Thv sales are confined to 100 bris. Brazil, 140 | boxes Havana, 20 hhds. Porto Rico and 130 bags ‘New Grenada. Molasses aro 6d per cwt. lower, 178 6d per cwt, having been accepted for 350 caske Barbadoes from the quay, wud at this reduction the trade are very un- willing buyers. Coffe re has been # moderaie de- | mand, and 100 tierces Jamaica have been sold (chiefly | auction) at last week’s prices Of Foreiga, the only | sale reported is 60 bags Lagueyra at 558 to 62s 6d per | ewt. No sales of cocoa, ginger, or pimento; 500 bags | black pepper brought 2%d per 1b. Rice—100 tlerces Ca roling scld at 228, 3000 owgs Bengal at 13s 6d to 15s for. middling to fine white, and 1000 bags Madras at 11s per | wt. Rum—The sales are ubout $00 casks Demerara, 12 per cent O. P. 3d to 3424 for high strengths; 160 casks Brazil also at about Is gallon proof. | Tea—The market still continues quiet, and common to | good Congous may be quoted at 44d to 1d perlb lower; | 1a green little or nothiag doing Nothing done in indi. go since the la‘e public} sales. 75 chests of shellac sold | at 379 to 44s per cwt ; a few chests of gum arabic at 40s | to 458 per owt, and small sales made in gambier and of peari sago, without change. 20 cases of castor oil sold at od to 734d perlb. About 1800 bags of saltpetre have been disposed of at 25s to 314 per cwt ; about 4000 bags of nitrate of soda a: 108 9d perowt, Guano— 400 tons of damaged Peruvian eold at £5 63 to £5 10s per ton Dyewoods—A moderate extent of busiosis has been transacted, and prices are not materially altered ; about 400 tons Tobasco'logwood werejoflered by auction,but the bidding not equalling the owner's ideas, the whole was withdrawn, whilst for small parcels of Campeacy £7 15n, is still obtained, and 60 tons Jamaica brought £4 103 per ton; the sales of fustic comprixe 20 tons Cuba at £7 to £8, 30 tons Puerto Cabella at £5; very little bas oo- ourred in barwood, red eandars or eapan wood ; about 25 tons camwood have been disposed of ; there has been more, doing in lima wood, and the transactions are 130 | tons.at £11 10ato £12 perton. The turpentine mar. | ket is again lower, 6s has been accepted for 1000 bbls. No sales reported ia American tar. Of American rosin, 3000 to 4000 bbis have been sold at 285d down to 2s 3d Rather more d: mand for pot and pearl ashes, at previous prices 20 hhds Quercitron bark are reported at 9s, and @ small parcel of bees’ wax at £5 5a percwt. Hides—A few salted Rio Grande and Monte Video have been taken at 31d for heavy ox, and 3d per Ib for light, and about 20.000 East India kips at rather lower prices. | To- bacco—The sulvs for the last month are 783 bhds. via., | 195 Virginia leaf, 150 stemmed, 44 Kentucky leaf, and 364 stemmed; of these, 249 were for Ireland, 431 trade, and 103 expo.tation, In prices no variatioa. 150 to Sicily brimsfone bave been sold at £5 per ton, 160 bags Sicily sumac at 11s 6d to 12s; 7 caske grey Tartar, at 48s; wnd 250 bales Turkey madder roots at 40s per owt 30 tuns olive oil hav» been taken at £42 to £45 per 262 gulls. Fish oils continus excessively dull. In seed oils and oil of turpentine the business is on the most limited scale, and prices rather easier. Palm oil has experienced & seri0Us decline, about 206 tuns,baving'been Koll fu down to £26 10s, aod in one ins:ance, even at £26 per sun Jute is lower, inferior sorts having bern sold at £3 pert m, and for the bent not more than £17 could now be obtained The tallow market has rather im- proved again, Petersburgh Y.C. having been sold readily at 458 Gd to 454, and there are few, if eny, sellers now under 46s per owt. A few casks North Auerican, sold wt 42s 6d to 43s6d American Lard—200 bbls are re- ported at 476 9d to 40s 6d per owt Livenroo Maxnrr, Dec, 3.--We quote in bond, £15 10 to £16 10; British bariroa, pes tom v7 oargo, in Wales, bars, £310; Weish pig, £55: Scotch do £37" 61; Tin plates, J. ©), best charcoal, 30s: X, 368) per box m Livenroor Micentannous Manner, duty paid, per ows, 4286d Wo 45s 6d. I 14 to 168; Pitch, duty t¢e0, 26 9d to 3863, fcee, per tun, £38 to £42; sperm, duty paid, £6 whale, duty five, £26 to £24. Turpentine, rough, duty free, per cwt, Us to 7F, apirits, daty paid, Hemp, dew rotted, per ton, £27 to £28; hackied, £23 to £42, Hides, North American, salted to tanned, |2to tld. Hope in bond, p-r owt, 40s to 604. Lingwed, | cake, dity Irae, per ton, 49 10 to £10 10. Rovda, duty | free, amber and yellow, per ¢ in ad tous, Tobagoo. from \ irginis faded in bead, Ashes, |. &. pote per ort, Menufeotured, 9 bo Wd tb bo Tay pemela, 48 be ay j . tion. | our favorite Dallas was impregnab! | gives him the power to render ecential ald to h | Uknow you and the hundred thousand pote, 286 6d te 298 Quereitron, N.Y. and Philadelphia, per owt, 9 Havre, Noy. 30 —Cottons—In the alter peek last fortnight, owing to the eagerness of holders off their stock, and the stagnation produced by the un- satisfactory nature of the advices of the 4th inst , from the United States, as well as the uniavorable news from England, to 4, “ dour market became exceedingly irregular. pears that the present low rates leave a sufll- t margin for remuneration to the manufacturer, rs from the trade have been induced to come for- the demand within these few days bas assumed ee of activity, and the transactions have been ir amount. Hold- ers who had previously ex! eat anxiety to re- alize, having since manifested some firmness in their pretensions; prices are now quite regular; and the lat intelligence from Liverpool and Manchester being of « Ives discouraging tenor, the eppearance of things, at the close of the past fortnight, was, upon the whole, rather more enlivening, although the scarcity of money was atill severely felt on the other side of the channel. The Philadelphia steamer, which arrived on Sundsy morning, brought us New York dates to the 10th nst , the conteat of which were not productive of any change in thi tion of our market at the opening; prices remained steady, and the sales amounted to 1000 bales, taken for consump- Ashes.—We have little to notice in American pot, rices of which remain at Sof. A lot of Casan pote found Buyers at O3f per 60 kil, duty paid. Pearl is merely no- minal at 56f, A supply of 100 bbls pots has been recety- ed from New York. ‘Hides—Oar market remains in the same dull state that we before reported, and holders are obliged to make @ concession in prices, in order to effect sales, ‘The transactions consist of 10,041 Monte Video, dry, at 6236 to 650, 2700 Valparaiso, wet salted, at 27 to 2c. 600 Carthagena, wet salted, at 25c, and 20 bales East India kips at 45c per half kil, duty paid. We have received 4193 bides from Monte Video, 1143 feom Brazil, 612 from New Orleans, and 400 fom the West Indies Rice.—There has been very little doing in Ca- rolina; only 20 tierces have been sold at 31f 50 per 0 kil, for home use Our quotations are 28f to 3160. At a public sale held, 54 tierces, dat te 24 75, id, were rua off at 22f and 431 bags India at 9f to 15 juty paid. A lot of 117 bage Carthagena ¢16f50. The Baltimore, from New York, bad on board 169 tierces. Stock on hand 1200 tierces. Tallow, &c—Although the demand for Tallow has been moderate, prices nevertheless maintain their ground at our quotations. The sales effected were 50 Russia, yellow, in loco, at {67 50 ; 210 casks were ‘the end of the month, at f 66 50 to 67, and 100 casks deliverable in December and J: ary,at £6450 per 60 kil, duty paid. We have nothing to report in American Lard. The imports were 200 casks Tallow from London, and 8 casks from New York. The Bailti- more hed on board 100 bbis d. which were sold pre- vious to arrival. Whalebone—Very littls has been transacted in this artic! nd prices have receded from previous quotations. ‘I'he only sale of record is a lot of 2 tons north-western fishery, at f220 per half-kil, duty paid. Asupply of 708 bundies arrived from New York, and 206 bundles were received coastwise. Stock on hand 140 tons, against 115 tons last year. ate of Trade. MancuesteR, Friday Evening, Dec. 3.—There is less buriness doing this week than last, and confidence has been again shaken by the rumors from London of seve- ral East India houses being in difficulties. If there is any change in prices they are lower, both for yarn and goods, and the reduction of interest by the Bank of Eng- Tand has not had any beneficial effe st upon our trade, as to-day has been the quietest of the week. The fHlbernia’s News, N. Yonx anv Boston TrLeorarn Orricr, Christmas, 1847. Rn Heratp-— r Sir: Your report of the Hibernia’s news, as pub- d this morning in your Extra, is calculated to domy assistants injustice. You say “ our telegraphic copy can scarcely be read;”” ‘and those not familiar with the facts, would suppose we gave you an unintelligible copy. Such is not the case. ‘The copy furnished the agent of the combined press here, from which your copy was made, by your agents, waas plain one, and your failure to get a plain copy is no fault of any one in my office, or of Yours respectfally, JAS, F, FOSS. Remarxs.—This is all correct. All reports direct to us are always very correct and plain. Indeed, they are remarkably so. But the one referred to in the above note was very indistinct. This, however, was not the fault of the operators of the telegraph Puravenenia, Deo. 20, 1847, Movements in Politics in Pennsylvania—The Buchanan and Dallas Wings of the Democracy. In this city the democratic party is in active motion, and the political cauldron is bubbling and boiling ata tremendous rate. The lines are eos drawn between the reepective friends of Mr. Dallas and Mr. Buchanan, and both parties are busily engaged in preparing for the election of delegates to the State cenvention, which election takes place in the early part of January. Until that time we may expect the excitement to continue.— erver, like myself, who, though friendly to succession to the Presidency, entertain a junt appreciation of Mr. Buchanan’s talents and public services, the occasian is one of interest; and I purpose, with your permission, to jot down some of the impres- tions I gather from a pancramic view ot the whole soene of notive steife. ‘The “war meeting” held on Saturday evening was an immense gathering, and if we are to judge by « compa- rison batween its size. and the meeting held by the ex- elusive friends of Mr. D: for the same purpose, last week, the indications are the Buel n section of the party is the strongest, even here, where we imagined . If such is the fact, we must be content. For my part, J shall bow with deferential submission to the majority of numbers. The resolutions are strong, and prepared with great ability, and they were adopted with greater enthusiasm than | have lately seen characterise the proceedings of any public meeting. It is much to be regretted that after the adoption of proceedings of a dignified character, one of the speakers, Judge Barton, should have so far for- gotten Bis own self-reepect, and the character of the ple by whom he was surrounded, as to introduce into ‘speech remarks und allusions to Queen Victoria and her consort, which, to say the least of them, were not marked with decency. But it fe almos: impossible to confine public speakers always within strict limits, and as Judge B. was thoroughly warmed up” by the enthu- siasm of the occasion, it is to be hoped that he was car- ried awa’ trong impulses to use remarks that I am sure hi ober sense will condemn. An attempt was made by certain persons to get up an opposition meeting on the same night, in the Northern Liberties, but it proved a failure—the multitude throng- ed to the Museum, and some seventy or eighty persons only, obeyed the summons to the Northern Liberties Hall This presidential excitement here has brought the strongest men of the party into action. On the Dallas side of the question are to be found rallied together, Col. Page, the Collector of the Port—whose official position favorite; Judge Kane, Ex-\ttorney Gen. Gilpin, Henry Horn Jas. Magee, Judge Kelly, and Attorney General Champ- neys, operating in the same way; together with a host of smaller fry politicians, aftach-s of the Custom House, &o, such as Eilis Schnavel, Benjamin Mifllin, Geo, Guier, Peter Fisher, and Gen, Roumfort. I think we should have been stronger, even here, had it not been for the ipjadicious conduct of rome of those pe.sons who hi been violently abusive of Mr. Buchanan, forgetful that, should he receive the national nomination for the Presi- dency, they must either come into the support of the man they assail, or go out from the democratic party altogether. It was a very silly measure of one of these individuals, to prepare and publish in the Ledger, on Saturday, what purports to be an extract from «n “ora- tion’? delivered by Mr Buchanan in 1815, ia which he denounces foreign influence, ‘ihe object was to sway foreiguers against him; but it cannot produce that end, tor tue gist of Mr. Buchanan’s argument was to sustain the doctrine of Gen. Washington's Farewell Address, and the principles held by Mr. Jefferson—that as we are seperated by wide and natural boundaries from all Euro- pean governments, it would be the height of folly to en- ter into alliances with them, or to interfere in any man- ner with their domestic difficulties and relations. In- stead of taking exception to Mr. Buchanan’s views, nine-tenths of the people are ready to stand by and sus- tain them. I mention this to show how easy a thing it is for men to mistake their true policy, and do good to the very individual they seek to injure ‘On the Buchanan side of the party, there is a strong array of available ability I may enumerate among its leaders, Gen. Davis, long leading and influential mem- ber of Congress, who, durivg the canvass of 1544, essen- tially demolished, in argument. Josiah Randall, and other whig champions, on the subject of the tariff; Gen. Keim, a favorite son of Old Berke, who is as distioguish- ed for his versatile nts, as his County is remarkable for its immense mejorities; William A. Stokes, £sq., the leader of the repeal party, and one who is as remaris able for his abilities as for his generous amiability; Hon John J. Smith, late the representative of the third con- jayor Belstaling, the accomplished officer of the Northern Liberties: whose porition for many years as editor of the central organ of the party, at Harrisburg, gave him a universal acquaintance tarcughout tie State, and who is regarded as one of the most ata and shrewd and sagacious politicians within its limite, John W. Forney, whove talents are attested by the skill and vigor with which he conducis the Pennsylvanian wepaper; Doctor Lehman, the postmaster; Barry Heyes, one ot the most zealous and untiring democrats we have amongst us—besides a host of others, who are always at work, to build up and sustain the cause of their favorite. [t is not saying too much to declare. that no man ever had a body of stronger or more efli- cient friends, than Mr, Buchanan possesses here;and de- nd upon it, they will make the election of Dallas de- ates, in the city and county of Philadelphia, a work no common niegnitude I would,remark, en passant, that the Buchanan leaders introduced a refinement of tactics which is at id. ving of notice. Instead of hold- fog their preliminary meetings at some tavern, as was formerly the custom, the prominent men of that party hold sviré+s, to which all the faithful are invited. For instance, W. A. Stokes gathers them together on one night; Judge Burton does the honors on another; J. C. Van Dyke prepares au entertainment on a third; Col. Patterson throws open his residence on a fourth; Dr. Lehman succeeds him; and at these meetings, ‘good things are disonssed, prospects canvassad, the irresolute made firm, and the active incited to new diligence and exertion ‘The plan ina good one. If the meetings were held in any public place, all thet is done or determined re would travapire, Ag it is,none but the friends of Mr. Buchanan participate, and the opposing portion of the party is left in entire ignorance what mine is to be sprang upon them, I havea passion for bi jamode, #pleed oysters, ke, and only regret that our leaders do not imitate tho example of Mr, B.'s feiends in this par- tioular, Taken altogether, the fight between the rival factions here, is becoming quite interesting. How it will eventu- ate, time alone can determiac, But, with your permis sion, | will send you the result woen it le over, because +8 of the Htecwid Wik te gio LW) have @liet of He Billed, wounded ond ighading: prices experienced @ further depreciation of | | NEW YORK HERALD. North-west Corner of Fulton and Nassau sts. JAMES GORDON BENNETT, PROPRIETOR. DAILY HERALD—Every doy, (Sunday included.) Price 2 cents per copy—7 2% per annum—in the United aistes,, Burepean subscribers, $14 per annum, including ¢ postaxe : EEKLY HERALD—KEvery Saturday—Pric ents per copy—$3 1236 per annum—in the United a: - ibers, by steamship, $5 per annum, inclu ERALD FOR EUROPE—Every Steam Packet Day eee oe sa aS cacteioc Fpaticne. “Bubisriptions and ad- age, or exclusivi 4 Ceriisemente wilt teres ved by’ Messrs, Garignani, 18 ‘ue Virrenne, L.. onmona: ornhill, and John rie Miller, bookseller, Henrietta street, London ‘ADVERTISEMENT Sat reasonable prices; tobe wril- tenin.a plain, legible monner, ‘The proprietor not respon sible for errors in manuscript. 4 PRINTING of all kinds executed heautifully and with despatch. All orders at the Publication Office, corner of Fulton and Nassau street. ALL LETTERS by mail, for subscriptions, or with advertisements, to be post pasd, or the postage will be de- ducted from the money remitted VOLUNTARY CORRESPONDENCE, containing impertant news, solicited from any quarter of the world— and if used. will always be liherally paid for. NO NOTICE can be taken of anunymous communica- tions, Whatever is intended for insertion must be authenti- cated by the name and address of the wetter ; not nec Bt for wubllcatt m mY ss janeremy of his good fe e cannat undertake to return rejected cat cations ALL PAYMENTS to be made in advance. AMUSEMENTS TO-MORROW EVENIMG. BOWERY THEATRE, Bowery —Granp Srectacie or rue R-votution—Tue Bortee—Tue MicGHTRUL Heir. CHATHAM THEATRE, Chatham. street—Equestrian Dram of the Buibe or Abyoos—State BECRETS. "8 OPERA HOUSE, Chambers street —Farce 0 ee erm Grand Ballet of ea Gientie= Dine Review. y , BOWERY AMPHITHEATRE, Bowery. Pecpeiecs & Co.’ scone of Horses—R. Sanvs and Sons’ Fosturing, Equestrianism, ke, &e. MECHANICS’ HALL, Broadway.—Christy’s Minstrels, Sineine, Bunixsque Daxcina, ke, LAWAYETTE BAZAAR, Broadway —Dionamtas, Mr- cuaxicat Mosxum, &e. THIS EVENING. - BROADWAY ODEON, Broadway.—Sacrep Concear and Scniprunar Tasiav eater - New York, Sunday, December 26, 1847. ‘The News from Europe...(ts Character and Probable Effects. ‘The condition and direction of the commercial affairs of England and other parts of Europe, are any thing but favorable toethe money markets of the United States. The continued depression of the prices of the great staples of this country— the continued import of the precious metals into England—are movements tending still further to protract the pressure in the money markets of the United States, and gradually to bring about a state of commercial affairs that may end in a crisis of no slight magnitude. The direction of these things in Europe is governed ina great measure by the action of the Bank of England, in connec- tion with the policy pursued by the private bank. ers and capitalists of London. These private bankers and capitalists are also in constant con- nection and correspondence with the statesmen of the day, belonging to the governments of France, England, and other parts of the Conti- nent. The pressure, therefore, and the tendency of things in Europe, may spring from two opera- ting causee. The first of these may be traced to the speculative disposition of the great specula- torsin London,and elsewhere, in bullion, in corn, in cotton, and every thing which they can buy up orcorner. The leading speculators of these claSses of commercial men are, probably, the Rothschilds and the Barings. They possess vast capitals, with numerous agencies in every mar- ket in the world; but above all that, they have control over the operations of the Bank of Eng- land and the bullion market of that country, which enables them to raise or depress prices according to a fixed mathematical rule. The motive of those operators is, of course, self- interest—the making of money; but there are other motives, just now, of a more par- ticular character, still tending in the same di- rection with those speculative objects. The governments of France and England would be willing to combine in any general movement which would ultimately affect the government of the United States, and break down its operations towards the conquest, annexation, or annihila- tion of Mexico. If the money markets of the United States could be broken down, sons to prevent the negotiation of further loans, requir- ed by the United States’ government, it might be expected by those statesmen who so much dis- like the growing power of the United States, that our government would be forced to retrace its steps, abandon its conquests, give up our po- sition in Mexico, and leave that great field to the action of European powers, who might do with the mines of that country just what they pleased. It wilt be seen, therefore, that there are politi- cal, as well 28 commercial, motives, combining to govern the direction of the commercial affairs of England and of Europe, and their action on the commercial affairs of this country. How long these motives will last, will depend entire- ly onthe pecuniary purposes of those who may enter into these speculations, and on the success of the great statesmen, in reference to the action of the United States government. Government, in England and France, is as much a matter of finance and of stock exchange, as of equipping fleets and armies—as of fighting battles, or mak- ing protocols. The great capitalists and the great statesmen of London and Paris, work with the same cards for the same general pur- | poses; but still, from different motives—the one party wanting to make money, and the other wanting to create power and influence. = These general facts and special characteristics of the commercial movements of England and | France, by the last accounts, will have a most | important bearing on the policy and interests of this country, not only in connection with the banks of the large cities, but also with the mea- sures of Congress and the action of the Execu- tive. Already, several measures have been ia- troduced into the House of Representatives at Washington, and also in the Senate, looking for a vast increase of the military force in Mexico, leading to great and extraordinary expenditures of money. For the next year, it is probable that sixty or seventy millions of dollars will be re- quired to meet the past and coming engagements of the government, provided we maintain our present position in Mexico, and still continue the war in that region. large portion of this | must be raised by loan ~p robably much larger than any that has been raised since the com- mencement of the war; because, under every aspect of the case, the diminution in the prices of the American staples, the stringency of the Bank of England, and other causes, will tend to diminish imports into the United States, and probably diminish the duties arising from those imports. Of course, the deficiency must be made up by additional loans; and accordingly the pros- pect, from the commercial affairs of the whole world, would seem to indicate that a most ex- traordinary loan, equal to forty millions of dol- lars, in addition to the revenue, will be required by the United States’ government during the next year, in order to preserve even the position we now hold in Mexico, to say nothing of the further operationsin that republic. There is no symptom in Congress, or in the Executive, thata less amount will be required. There is no indi- cation from Mexico of peace—ao prospect that leads the mind for an instant to contemplate the termination of the war. The President, Con- gress, and all the banks and the capitalists in the lurge cities, must, therefore, prepare for a wrt new and important erisis in the monetary affairs of this country—a crisis and a pressure, the equal of which has not been felt singe the last war with Lagland, o¢ probably singe the revolution itself, | When we, therefore, Joak abroad on Hie dais | teial world—when_we see t present ele- ments at work—the spint which actuates the London capitalists, bankers and statesmen, and also those of France—the measures of Congress and the Executive—the position of the United States and Mexico—the improbability of ter- minating the war; when we look on all these things, and then examine the position and stand- ing of the banks of New York, and other large cities, we are Constrained to say, that alarming symptoms of a crisis are presented to all engag- ed in large operations, and in large busine: Giving every due allowance to good fortune, and the friendly disposition of Providence—which is not a great deal in money matters—we must say that there 1s every prospect, before twelve or eighteen months, of a general suspension of the banks in this country, with all its consequence to trade andcommerce. Yet the country is pros- perous—the great mass of the people are pros- perous—there is more specie in the country than at any former period; but the great mass of it is in the hands of the middling and lower classes, and there it will remain.— The banking interests, the capitalists, and the great foreign merchants and manufacturers, now stand on the verge of such an important gulf as they never stood on before, according to the appearance of the money markets of the world, in connection with those of the United States. We say these things wit): calmness and deliberation; for any disaster in the money market, like a sus- pension of the banks, would operate as much on our special interests, in proportion, as on those of others; but we cannot look on facts coming out as they are from England—we can’t witness the principles and policy of the Bank of England, and the continued depression of American sta- ples, together with the increasing expenses ot the Mexican war, and the character of the pre- sent Executive and Congress, without stating precisely what we believe will be the winding up of all those several eauses of action in the money market. If all our banks, and those con- nected with them, escape suepeasion, within twelve or eighteen months, it will be almost a miracle. Letthem reflect calmly and quietly on these facts and these evidences, and prepare themselves, accordingly, for the avalanche that must overtake them, if some great and important remedy be not devised soon. ImpoRTANT FROM WasuINGTON.—We learn trom Washington,that the members of Congress favor- able to the election of General Taylor to the Pre- sidency, intend to have a meeting of a private and preliminary character, probably at Coleman’s Hotel, some day during the coming week, per- haps on Tuesday. This meeting is intended to coneult and advise asto the best mode of con- ducting a great popular movement in favor of General Taylor’s elevation to the Presidency—a movement which commenced a year ago, and which has been going on gradually since, in many parts of the country, even in spite ‘of all the opposition of the politicians of the old orga- nised parties. It is probable the chairman of thiswmeeting willbe Mr. Hilliard the member from Alabama ; but whether he will be so or not, that eloquent man will undoubtedly take a part in the pro- ceedings, and give his friends the benefit of his eloquence and experience. Mr. Hilliard is both an eloquent and apious man. He is religiously inclined, and is conversant very critically with the affairs of Heaven, and an important and useful member of the Methodist Church in the South. Now, the Methodist Church is a very important religious community, throughout the whole country. It comprises much piety, much talent, a great deal of enthusiasm and ferver, with as little original or acquired sin, as any other religious community in the country, not even excepting our own—the holy Catholic Church, of which Giles Scroggins is the head. Another gentleman who may take part in the meeting, we have no doubt, if he follows the bent of his inclination, is the Hon. Cost John- son, formerly a member of Congress, and a very independent and sound thinking man, in every department of human life, and in well-cooked canvass-backs,particularly. We trust that all those members of Congress whom we have enumerated as being favorable to Gen. Taylor’s elevation to the Presidency, may take part in the meeting. This number we estimate at sixty; but we have strong hopes that they will be increased, and even amount to as much as those assignedto Mr. Clay. Among the visiters at Washington who may also take part in this meeting, there is our very able and gentlemanly cotemporary, Mr. Fuller, publisher of a small evening paper that has a pretty extensive circulation intwo wards anda half of this city—certainly not over that. Mr. Fuller is a very warm friend of Gen. Taylor— may be acquainted with the’ prospects of the dis- tinguished chieftain, and mey be able to give him a good deal of information by word of mouth—certainly more than by the pen, for he can talk much better than he can write; al- though he can write alittle better than he can plan. Mr. Charles J. Folsom may also be there, the same gentleman who, in connection with Mr. Fuller, got up the meeting about a year and a half ago to nominate Gen. Taylor for the presi- dency; but did not do so, for causes best known to themselves, like the great general who march- ed up the hill with ten thousand men, and then— marched down again. We trust, however, that all those gentlemen, and others, will make no faux pas—will not tack themselves to the skirts of General Taylor, merely to save themselves from oblivion, but will coolly and calmly consi- der the present position of this distinguished chieftain in relation to other candidates, too nu- merous to mention, and that they will give a good account of their sayings and doings on the occasion referred to. The times are most im- portant for politicians. The next twelve months are big with the fate of presidencies, and of twenty thousand office seekers throughout the country. The spoils are numerous—the candidates are more numerous still. ‘Ihe politicians are hungry; the factions are getting angry aud thirsty. Now is the time for those who are really and truly the friends of General Taylor, to act at once. Lf General Scott, also a prominent military man— eminent in every way—has any friends at all at Washington, or any where else, they ought to come out and show themselves. The friends of Clay are moving—the friends of Van Buren are moving—the friends of every man are moving— let us give fair play to all. Since writing the above, we have seen the fol- lowing important letter from General Taylor, in answer toa letter tendering him the nomina- na'ion for the Presidency, made at a democratic ‘Taylor State convention held at Harrisburg, on the anniversary of the battle of Monterey :— Heap Quanrens, Ansty or Occuratios,? Bruzos Island, Texas, Nov. 25, 1847, § Dear Sir: I take great pleasure in acknowledging the roceipt of your favor of the 9th October, enslosing to copy of the proceedings of the democratic Taylor convention, which assembled at Harrisburg, Pa of the meeting*have given me great, ‘nd satisfaction, as the expression of bign res- poot and consideration from the people of Peunsylvani and | embrace the earliest moment to acknowledge my warm appreciation of the high honor thus bestowed bpon me, by their nomination of me for.the Pr dency. iro yourself, | would not fail to express my thankfal- ness for the very courteous and acceptable manner in which you have conveyed to me the proceedings of the convention I remain, dear sir, With high rerpect, Your most ob’t. serv’t , Z. TAYLOR, Mejor General U 8 Army. Henry A. Mublenberg, hey, President, Teyior State Convention, Reading, Pa, This is an unequivocal acceptation of the no- The friends of old Rough and Ready mination 1 niust, therefore, burnigh their arms, and equip themselves acoording to law, for the approac ing presidential oampaiga