The New York Herald Newspaper, December 27, 1847, Page 2

~ broad. for that $000 000/, but to the boron of the act of Bat for that act I know of no security we should have bod for the possession of any bullion in the eoun- try. (Cheers) If the Bank had discounted advances at 4 or 5 per cent., is there any reasonable probability of their baving had go much gold as 3,000 000i in their pos- session! Duriag the whole summer the exchanges were Darely in our favor, aud oaly about 250 0001, whether of gold or silver, was purchased by the Bank throughout that period. ‘If itis argued that » want of capital or credit is to be supplied by an unlimited issue of notes. I should like to kaow what check cen be applied to it? it is quite clear that,in the present instance, at lesst 30,009.0005. would have been required. Ifthe ¢ had been no rise in the rate of interest, and if railroads hud found no diffeulty in borrowing money at 4 or 5 per cent , the railroads aloue would have swept away more than the whole circulation of the conntry. It was perfectly im- poseible that that state of things could have continued. Overtradiog would have gone on for a much longer peri- od—the demand for railroads would not have been check- ed co early—but soouer or later the time must have come when stringeot measures would ha) eeR necessary OD the pert of the bank, and the lor that state of things had existed the more sudden that check would have been. It 1s ucnec-ssary to refer to more than the effect of the sudden check to show what would have been the effect on the trade and commerce of the country if that check hud never taken place ; for if the drain of bullion had gone on, if it had been diminished as heretofore by 2,000,000! or 8,000,000! —the publicatior to which | b ating accurately the facts, week by ny body suppose that, under those cir- cumstances, the want of capital and the wlarm now felt would not have taken the course of # run upon the Bank of England for gold’ (tear, hear) Former experience teaches us that would have bern assuredly the case, and proves the wisdom of those measures by whioh we have bsen able, without difficulty, to retrace our steps. Without these measures, we should have been in imminent danger of cash payments, and we must either have come to Parliament or issued an or- der in council, which is one of the severest measures W could have adopted to save the credit of the country.— And if we have led that dai and great it has deen, it is to the operatio ly part of the year, of the act of 1944, t indebted for being saved fromit. (Hear,hear.) A pressure on the commercial cireulation was perfectly necessary to avgrt that conse- quence, | fally admit; but, when that prélsure was ex- aggerated into ® panio, then, and not till then, we did t shrink from the responsibility of the course we adopted, and I believe thst by that course we did avert the evil consequences that wers likely to have taken place. 1am not prepared to say thut all difficulty and Pressure are over. I stated,at the close of the last ses sion of Parliament, that I thought we still had hard times to go through, and i think #0 still; but so great a calamity as the destruction of the food of w large portion of the people of country -—s0 fearful a visitation of Providence, cannot occur without throwing some ot its consequeners, in their turn, upon ali classes of the community. 1 confess, how- ever, | was astonished whea | heard Hon. gentlemen re- gard tho importation of food, under the existence of fa- ming, 8 like the ordinary operation of free trade. (Hear, hour.) To say that all these conrequences were anticipated from the altered system of the importation of corn is utterly set at nought by the ciroumatance, that that importation took place under the pressure of famine. (Har.) 1¢ does indeed seem to me ® most ex- traordiaary delusion to attribute these consequences to few trade. We had a pressure and 2 panic under the pro- toctive system of 1520; we hada prees te and « panio under the mitigated system of 1837; aud we have now pressure ana panic ia the state of change through which ‘wo are passing from protection to frew trade. prepared to desy that any change is in itself an evil God may result in the end, but it hardly can occur that change can be made without some evil. (Hear,hear.) I certainly never held out the expectation that evil would not oocur in our present changy, No one ever said that the whole of the prosperity of the two or three prece- ding years was owing merely to free trade; but to good harvests, the employment of the people, and the development of industry on railroads, without any drain on the capital of the country, may be imputed the fact of that prosperity. To ua exceedingly large har- Yest, but a high price of corn, and a drain on the avail capital of the country, is to be attributed the | prossure. It is s#unjust to attribute the whole ot the pri petity of the preceding years to the free trade measures: as itis to attribute the present adversity to the same cause. (Hear, hear.) I’hope and believe, that when that system is fairly established. our prosperity will be established also upon @ firm and sure basis; but I never did suppose that a change could be made without some consequence of this kind. Another cause of the late pressure is, that for years we have had 4 talling rate of interest, and its increase has been, of course, felt by those gentlemen who have relied on torrowed capital.— (Hear) Thut state of things, however, would not have been aifected by the issue of bank notes, but only by too inadequate # supply of capital for itsdemand. it was a state of things on which no mere issue of bank notes could have had a beneficial effect; and sorry should I be toseesuch an expedient adopted under such ciroum- stancer. | remember, after the passage of the act of 1819, there was hardly any calamity in the agricultural, com- mercial, or manufsc'uring interests which was not in like manner attributed to the act of 1819. Upon that point we are wiser now. Those who attribute evil effects Vo that act are few wnd select ia number, and | believe that the grest majority of the public are convinced that it was aa act most beneficial to this country In like maunor, I do confidently anticipate that when the immediate pressure of the present time is over—when gentlemen celmly and impartially look back on the eveats of the last few months—they wiil be iaclined, aa 1 am, to attribute a very small portion indeed of the evil to the effects of the act of 1344 Complaint has been made that the operation of that act bas net preserved us trom the commercial convulsion. (Hear ) | kaow not who those are who expected it. (Hear) If there were such, I think they must have miscalculated the motives by which moct persons are actuated in commerce Cer tainly, for one, I never held out anyauch expectations to the country. I stated most distinctly that | did not contemplate that such would be the eifect of the act ‘That speculation might be carried on, and that persons aight be ruined by the collapse of that, | could not de- ny; but l didsay that this end might be attained by that measure—that we might prevent an additional xtimulus being given to a rise of price and over-specula- tioa, by means of an ill-regulated currency. 1 hold ia my hand the pamphlet published by Mr. Jones Loyd, irom which | have already quoted; and what were his expreseions on that act?—“'To guard against commer- vuisions is not the direct or real purpose of the > sul ject the paper issues tosuch regulation as re (heir conformity in amount and value with. y their immediate convertibility at all times into metallic money, is the purpose to which the provisions of the measure are avowedly directed.’ ‘Toose were the objects for which the biil was introduced, end | do not think that any reflecting person would be- lieve it could prevent commercial convulsions, and | should have little faith in any system of currency or me- tallic circulation which would profess to do more than regulate the circulation. Tue object of that measure, as I believe, aud that object has been attained, was to insure the value of our psper and currency in the same mauner a4 @ metullic currency, The currency of the two great commercial places in Europe, Holland and Humburgh, ere practically carried on in the same man- ner. Bullion is deposited in the bauk for every note that goes out ; bat did aoybody ever hear that those countries were free from mereautile or commercial con- Yuisions in consequence of that system? We are told that this mennure is a restrictive méasure, to the amount of the circulation ; but it enables any person who chooses to convert nis bullion to notes, and authoris-s the issue of notes to any extent, to persona who may deposit bul jion with the bank, and 14,000,000, besides ‘The same eff+ota precisely might have cecurred under a metallic ciroulation ; and it never professed, nor did any one thivk, that its operation would be other than that which would have happened under such circulation, What happened under the present circalation would d under the present circnlation would under a metallic circulation, whilst the ve Dappen jormersis attended by geeater convenience as a circu- Jatiog medium ¢ perfectly tras that the amount of ein the barkat the end of the summer of 1546 eda ivance of cash upon notes to be issued to the public; wt the same time it waa perfectly consis tent, ledmit, with the provisions of the act, and there wes no legal obligations on the directors of the Bank of Eugland to act otherwise than they did. I think it Would have been wiser and better if they had given a timely warning, but that evidently rested—I mean there Was no obligation to do ro—simply on the discretion of the d d | am far from saying that that discre tion was wisely exercised. (Hear,lear) [¢ is utterly imposible but that an establishment possessed of so large a capital can be most powerful either for good or for evil on the commerciai interests of the country, and ii is @ matter of vital importance that the management of the Bank of England should be conducted soundly and wisely, Jam afrai. that recent events have somewhat shaken the confidence of the public in the direction of that bank. (Hear, hear) it may be diffloult to suggent * mode of improving that management ; but of this | am sure, it is a subject well worthy of consideration, and one, perbaps, that may form a subject of inquiry by the : ee which Iam about to move for. | believe that wh the Bank Charter does uot expire for some years, the ban’ parlor ia not indisposed to concur in any measures which the wiadom of Parliament may suggent. for they find some diMcu ty, I believe, in inducing per- sous to undertake the heavy respontible office of governors of the Bank of Evgland (Hear, hear.) Judatem in the British Paritament. (From Blackwood’s Magazine for December.] In this ©9) parliament, in the sbape of its three in making aoy mana mem- *, Pules everything of pariiament, we, in acertain degree, make him our inaster--we give him the power of sharing, at least, iv the making of thos laws which are our masters; and eitbough the individual may be but little, yet he may if he have talent, or the industry or ekill to form a party or the skill to direct one, do intlaite evil to any interest which he determines to destroy. Openivg the doors of parliament (o the Jew, is actually opening the doors of power, and of a power which, if he havea conscien- rence to bis own belief, he must use against Lhe question, then, is notof mere municipal re ulation, but of the very life of our religion. Religion is the highest concern of human existence, and the rource, not only of our immortal hopes, but of freedom snd Protestantism in their purest and to posscas 4¢ in ite freedom, to preserve it with rights, and to vit it unmutilated to porterity, has beea the groat gule of ages, and hasbeen weli worth the stru It is unnecessary to detail here the especial doctrines of tiamity; but the Jew rejeots them all, charges them with falsenood, and affirms that it would be our duty to bith God aud maa, to cast them all under our feet rh We cannot expect any assistance from the Joe in dulending our religion, or our religious righ te, or th» vational support of that religion Hut in the Jegisiature there ie already a powerful party Op wly bostile to Protestantism, with many individuals wh) may|be willing to aid that party,though not of their beitef Oa which side would the parliamentary Jew you? There can be no doubt that, if at ail conscien- tio 18, he would vote for th Ca. we then be justite giv og the additional strenpth of a new, opulent, and induential par’ the an! agoniste of Protestantiam ? {ia tus, thatany direct attempt to destroy our pe no io hoglend ja not oly Coout, et least for a PeAvdere hie tang; but are there oc | & multitude of mi. extinetioa of Protestantiaa to ourselves, or our country, in | nor of approsohes, of dangerous artifices, and tamperings, which, without open violence, wouli have all the effect of active hostility’ And in these, would Jew be for or ws? Bat there i: till more solemn consideration. God | punishes those who abuse his gifts. or neglect his trusts. Protestantism is both a gift and a trust, and of the most invaiuable order Must there not be s public and per- sovalcrime in disregarding the interests ot both, and disregarding them for # thing so werldly, contingent and | paltry, a# political convenience? The Jew, outside the jegielature, however he may hate our religion, is power- legs to injure it: but once Inside the legislature, he may conspirejco its ruin If we put a weapon into the hand of an enemy, whom bat ourselves can we blame for the consequences? If we do an act which cannot be undone, what sympathy sbail our wailings deserve, when we feel that we have actually recruited for a hostile faction. But having disposed of the cant of liberalism, let us now turm to the more dangerous cant of security. “What reason is there to apprehend public evil from le Jew, or from a half doxen, at most, in parliament? We remember that exactly the same language was used for the admission of the Papists. ‘ What harm can be done by letting im one or two Papists? Nae one never amount to shove halla dozen, let them de what they will at the hustings.” Yet their votes and partisans now amount to at least fifty! they carry every object which they determine te earry! and they have crumbled down ca- bineta lige the discharge from a battery! ‘ew the answer isclear, They means among them ing to the hustings with irresistible force, Oo this topio we say no more ; the nature of a ular election to‘ trust to character ;”’ the imdivi- dual in question is unambitious, or immersed in h: affair ,or atraid of the sound of his own voice, or isa parliament phantom. He may be all this, or quite the contrary, for any contrary knowled) ‘oura; but once in Parliament, with his whole sharp and craving commu- nity at his he must make an effort, or he will be soon driven back to his counting hou: ‘at once as fixed and silent as rock, who shail ani for his succersors? storms the palace no longer yas of sly submissivences that tr ss Hounaditch, History tells us well the flerceness of bis day of authority ; the daring zealotry, the bitter. ness of bis national anger, and the mortal venom of hin personal vindictiveness. If those outbursts have seldom vocurred inour days, the loss of ape posi- tion may be justly taken for the cause ; with every thing to risk and nothing to gain, we can vasily account for quietude But, give him that position, » ake him the leuder, the treasurer, or the recruiting officer of a party— ive him the hope of seizing place—make his voice the key-note of doabtful debate—make party the prop of # tottering ministry, or the champions of am aspiring opposition—give him the power of oarrying fifty votes, or baif the uumber, across the house, the utterers of the words of life or death to a cabinet standing in the dock—and what measure of revenge or to erp of in- solent triumph or irremediable evil, might they not de- mand, aud might they not obtain ? We solemuly declare that much as depreoate papist influence, we think that all its hostility le not to be dread- ed the hundredth part so much as political power in Jewish hands. There would be no lazy braggadocia, no Joos riot of success, none of the vulgar intoxication that goes to sleep after the victory—we should have the ai ‘sullen, cool antegoniam, whose sabtlety never y slumbet But there are other and important consideration: The British empire extends over a variety of creeds. If the Chri ture admits one sect known as the t of Christianity, why not admit the not the Mahometan? Why not the much opposed to Christie conquered @ Chinese {i ; mentary er in the god Fob, and in bis prophet Confutzee? Ceylon ts ours, why ject the votary of Boodh? We h: Sball soon have the land of the Ca! Hindoo ? ity as the Jew? why not have o pai Are neo and the der the beams of the British crown ; neither will trot ble us with controversies—wby not compile them into one imperial representation ? They are fully as honest as the Jew, not much more ignorant, and much lees likely to quarrel with us. In the largeness of this subject we are forced to pi by a wultitude of pressing considerations ; but there is one, to which we cannot avoid making some slight refer- ence—the actual state of the Jewish religion. Many who have not attended to this subject, evidently feel an joterest in the Jew, asthe “ descendant of the original receivers of the law, a mistaken and stiff-necked genera- tion, perhaps, but till clinging to the law of Sinai.” On this subject we speak with perfect reverence, but also with perfect trath, when we say that it is scarcely possible to discover the religion of Sinai in the Jewish Titual of the present day ; their religion is rabbiniam. precicely the same (except for its additional excesses and inventions) that it was when the most sacred of all authorities pronounced to the Sadducee, and the Phari- seo, and the nation, that they had made the law of Mo- ses of none effect by ther traditions.” ‘he * oral law,? wholly traditionary, is now the law of all the Jews (the Karaites, a small sect, excepted). Their lit- urgy is wholly formed from the oral law, and some of its ebundance of trivialities, dan- miers ot the law are cut off for ever, gh their wickedness; and have no part in the world to come.’ Among’ those thus con- demned forever are the Christians and Mahometans But some of the passages in the Talmud show the per- sonal peril into which the orallaw may condemn the recusants of any kind. “Ic is Iawfal.” auys the Rabbi Eleazar, “ to split open the nostrils of an unlearned man onthe day of atone- ment, which fails on the Sabbath. And bis dlscipi said, Rabbi, say rather that itis lawful to slaughter hii The Rabbi replied, ‘That would requir benediction, but now no benediction is needful.”” But we must leave the subject to be treated by others ‘y, “Rabbi Judab suid, everything that God or the world he created male and female. Awd thu with Leviathan the piercing d crooked serpent, he created them mal B u He teok away the strength of the male and slew the female, and salted her for the righteous for the time te come” And of this kind isthe scriptural (!) knowledge of the motern Jew. We really do not speak of these things in levity, bat in deference tothe truth, and to show bow distinct the follower of Rabbinism is from the follower of Moses. We now close the subject, disavowing all hostility to the Jew, but distinctly expressing our conviction, that his admirsion into @ Chris\ian Parlisment is wholly in- cousistent with common right, commoa duty, or oom- mon supee. How oan we offer the homage of either heart or lip to our Lord Christ, when we give the high- est boon within our power to & sect who pronounce him an impostor ? How can we respect his religion,when we regard itas a matter of total indifference whether we support its friends or encourage its enrmies ? or how can we deserve to retain the inestimable Lyte alike spirituyl and temporal, which we have received from Christianity, when wo neglently, or for some personal object, lay them at the mercy of the unbeliever ? What ought England to doat this moment? it ought to teem with petiti Its clergy ought to meet, and give their most eolema pledge to resist this most fatal in- novation, Its bishops ought to take tl lead in those meetings, and, instead of waiting to make « useless speech in the House of Lords, come forth and do their duty like men. Mr. Clay in England. [From the London Times, Dec. 2.] Ifnations da not a,ail themselves of the leatons now read to them by the people of the United States, they will be neglecting ons of the most salutary examples ever afforded by one country for the benefit ofall Un- just war and dishonest iotrigues huve already produced their fruits of popular embarrassments and ministerial perplexitier, and they are now rapidly tending to na- tional confession and exposure By the resolutions which we published yesterday, unanimously adopted at a numerous meeting of American citizens, upon th dress of one of their most respected countrymen, it will be seen with what spirit the measures of the Washing- ton Cabinet are likely to be oauvassed; and the corr pondence given in another of this day’s columns, may supply some means of ju ging how far Mr. Polk’s policy wit promote that persoual success with a view to which it was upparently calculated. Matters are perplexing enough as they stand, for the Ameri ave played out their last card, and are still as far as ever from the game. Mexico is conquered, an as @ country oan be conquered by arms, but it still no kind of semblance ro the conquest the Americans | would make of it Now, however, Mr Polk has to jas- tify his war, a task considerably more difficult than even that of directing it; and it will be seen by the report we refer to how very little disposition there {s on tue part of his judges to blink the question or curtail the tri In a few days Congress will assemble, and the President will then be called upon to explain upon what grounds, and for what objects, the war has been earried trom M tamoras to Mexico, what is sought by its further proge- ution, and what reasonable hope there is that the ond thus sought can be obtained. Hitherto it has been a private speculation of his own. By orders despatched on his own autherity he commenced active hostilities on the Texan border, and though Congress wus induced for the safety of the national troops, to lend a eondi- tional ratification to his act, yet it did not surrender in perpetuity the powers of irresponsible peace and war. | Now, acoordingly, Mr. Polk must render an account his di ; and, failing his justification of the late cam- paigns, he will be compelled to terminate, not without dishonor, the war he bas so recklessly prosecuted ‘The trial occurs at aa unfortunate season. Success might have covered a multitude of faults, and though it | would probably have sown seeds of discord in the Uuion more radically calamitous than the coate of a war, yet it would have eoveloped the auth of the mischief in & protective cloud, and would have diverted public ecru- tiny from the policy of the administration till a time when it would have been too late to revive it. But Mr Polk will have to explain, in the session which com- mences next Monday, not only his measures, but his mia- | fortunes He has to account not only for a crime, but a blunder, We can commiserate his fate perbaps to some extent, for he could hardly have been expecteu to calcu- late on those peculiar elements of resistence which have destroyed bis project. He, doubtless, never conceived thet it would be requisite to fight for eighteen months, still lesa that the exertion would be attended with so fow resuits, He bad formed his own ideas of certain ac- quisitions, at the expense of an imbecile neighbor, to nig- nalize aod glorify bis reign, nor did he imagine that the cost would ever fie to an amount comparable with the revuros, Could he have presented himselt to Congrers with the prize in his hands, he might perhaps have ra. gaciourly counted on swamping all conriderations of policy in calculations of produce, though the rerolu dons of Mr. Clay and his friends show that there would til ove remained in tome quarters integrity proof against the dazzling delusion But, unheppily, his flest thvow was an wofortunate One, and like many a apecula- tor he proceeded to another and another, still confident hat each successive investment would enable him to over bis losges and realize his ‘The result has rily called upon to his care. It will be an edifying tl to see, subjected to the ordeal of » parliamentary del ase ‘bear the discussion of an pore convention, arguments to which, ia the mouth of a Mexican Commissioner, General Soott, with all the might of co! quest on his side, found it impossible to reply, must no be met by the ingenuity of a cabinet in the fair Congress. Mr Polk will have to defend the policy of expensive war, commenced on principles ersentially ua- just, and prosecuted for an object, the intrinsic desira- bility of which is denied by many, and th f which is admitted by all to be below that of t He will have to frame a reply, in plain words, to # question which he has hitherto blinked, and which he hoped ultimately to have ed. will have to confess publicly to motives, which ere very easy to un- derstand, but very hard to acknowledge; and all this he must do in the face of opponents who have very clear! shown both their information end resolution, and wit! the aid only of supporters disheartened and diminished by bis ill success. What doeshe in Mexico? Ishe there to aesert the legitimate boundary of Texas? Ae? then claim the whole expanse of California? Is he there to demand Culifornia and New Mexico? How then does he demand them—by purchase or surrender? If by surrender, why does he employ the mockery of negotiation! If by put- chass, why open the bargain by massacreing the ven: dors? Atrial which is now pending at Washington, swongst various instructive disclosures, has developed the fact that an officerof the States was informed in au official dispatch only two months after the commence- ment of the war, that it was‘ the object of the United ‘States, under its rights as a belligerent nation, to possess itself entirely of Upper California.” We have very lit- tle inclination to doubt the assertion herein contained; but will Mr. Polk actually confess it? Or, if he does ro, what will he do with the alleged cusus Lelli on the Texas border? Noexplanations are so perplexing as those which are asked for to convict the spenker rather tham to inform the querist; which are demanded as confessions rather than communications, and on subjects where every sin- gle hearer is prepared for every possible evasion, There is hardly @ decently informed person in Europe or Am rica, who is not as precisely acquainted with Mr. Polk's policy as it he had Been ® party to its construction; and there are few, perhaps, faction him. If he couid prove, against the law of nature, his schemes were justifiable, he would yet have to that they were feusibl Ageia, that they wei dient, two propositions which are contradicte: more sagacious countrymen as flatly as they a by the « of common honesty. One half of America still remains unoccupied and_unsettled, at me waen all thi is incurred for an increase of te: ritory, and it has new been shown by experience that no Mexican territory can be ever retained but by such ould altogether demolish the profit of the To all this long indictment of injustice, inca- pacity, and ill success, Mr. Polk has now to plead, in so far as the condemnation of his poien may redeem thatef the States at large, it will be impossible to re- pine at his conviction. The Arctic Expeditions. [From the London Athensuw, New. 20 } We were the first to announce, a jew weeks ago, that government purposed Cre immediate steps to send out expeditionsin search of Sir John Franklin and his party. Weare mow euabled to present our readers with the following pertioulars, which proceed from the high- est official authority. Three expeditions will be to the Arctic regions; one will be des d in the course of a few , Without some malicious satis- it the predicament to which it has brou, ie Sir James Ross; third will consist of an overland expedition, to be placed under the direction of Sir John Richardson, ‘The boats, with their orews of 20 men, belonging to the expedition, went out to Hudsons Bay during the late summer, and {ntelligenoe of their safe arrival at York Factory, and departure for the interior, has reached this country. They wore to winter at Cumberland House, or at Saskate! in the spring, are to resume their voyage to the Mackenzie River. Sir John Richardson and another officer will leave England ta Maroh next Janada: and by travelling in light canoes by the usual route of the fur traders to the north-west, they hope to overtake the boats in July, aud with them to reach the Arctic Sea in the be- ginning of August—with an ample supply of nutritious and solid food. The intention of this party is to track the coast to the eastward of the Mackenzie river—to eommunicate with the various tribes of Eequimaux, in expectation of gleaning some tidings of the discovery ships~-to examine Wollaston Land, and trace, as far as practicable, any inlets that muy lead to the north—to erect landmarks en various headlands, with written com- munications buried underneeth—and when the season closes, to repair to winter quarters at Great Bear Lake, by tne Copper Mine River. The boat parties to be sent out from the veseel which is to winter within Behring’s Straits, together with parties over the ice in tl will, it is hoped, rally explore thi the Mackensie; and as one of Sir James Ross’s ips is to be statio: in Lancaster Sound, at the north end of North Somerset, parties it out then both to the northward aud southward, will explore that neighbor- hood. Another of Sir Jameo’s§ships will push onto Banks Land, and in lake manner send out exploring parties in one sent southward having the every direction’; t! prospect of intersecting Sir John Richardson’s route, and, if thought expedient, of communicating with him bythe Copper Mine River. The search of the coast and of Wollaston and Victoria Land will be resumed by Sir John Richardson in the summer of 1849, it necessary. Notwithstanding that the Admiralty have judged it prudent to make the preparations for these extensive reseurohes, we are gratified at being informed that mont of the officers, who, from having acquaintance with the navigation of the Arctic seas, and the intentions of Sir John Franklin, are qualified to judge in the matter, con- tinue to hope Sir Jobo Frankiin has succeeded in assing Bebring’s Straits. Had his vessels been nipped a the ice, or stopped in Lancaster Sound, a @ would, we d to England abeut this time; d, a8 he has not done so, they consider it probuble that he had succeeded in getting so well to the weat ward the first year, that he has been enabled to cle: Bebring’s Straits this October, in which oase they look either through Russia or by the isthmus of February next. He had provisions enough, it seems, to enable him to winter this season in the Arctic sea, if he had penetrated render the prospect of his passing Bebrin summer such as to make his stay a thir dent. Ireland, We regret to state thut crimes and outrages continue undiminished in Ireland. The state of Tipperary, Clare, Westmeath, King’s County, Roscommon, and Limerick, is most deplorable. The offences perpetrated in these six counties bring a fad stain upon the history of Ire- land, and render it absolutely necessary, for the preser- vation of the peace of the remaining parts of the coun- try, that a rigor beyond the present laws should be ex- ercised by the Government for ths protection of lifs and property. The details which daily reach us from ill-fated Ireland are almost all written in the same un- varying fatal characters of blood. The pressure of want amongst the people, serious as it undoubtedly is, ity to the insane desire of di 7 lives of the best benefactors of the people seem more peculiarly devoted to sacrifice. A deputation of thirty-two Irish members, headed by Mr. H. Grattan, waited upon Lord John Russell, on the 25th ult.,on the subject of Irish affairs The deputa- tion submitted 857 resolutions on Irish uffatre to hislord- ship, and alluded with satisfaction to the fact of the government having already adopted four of the recom- mendations suggested, vis: An improvement of the law between landlord and tenant; the depots; increased facilities for the tr: ed estates; and the dispcsition to afford the Straits next winter expe- ople an opportunity of reclaiming waste lands in preference to the emigration scheme. The deputation, however, chiefly insisted upon its being the first duty of the government to provide food for the starving people. Lord Joha Rus- sell intimated that the government had slready made arrangements for the establishment of food depots, and that 1¢ was hoped that ina great degree, if not entirely, the poor law would answer the expecta ions whieh had been formed of it, so that further aid from the people of England would be rendered uanecessary.—Luropean Times, Dec. 7. Opening of the Spanish Cortes, ‘The Cortes were opened at Madrid on the 15th ult.. with the usual formalities. The royal cortege passed in Procession through the streets exactly as Inid down in the programme, but the Queen did not leave the palace till nearly au hour after the appointed time, and it was 3PM. bi arrived at the Senate, There was no olitical manifestation of any kind, ‘The Queen did not jook well in her passage through the streets, but it was notieed that she appeared somewhat flushed on entering Gortes. She read the speech very rapidly:— snore Senators and Deputies— “It is with lively emotion that [ nee you again around the throne, ready as ever to co-operate with your efforts to its greater splendor and firmness, as well as to the as- | surance of order, and of the institutions that rule us, bo the basis of which rest the the people. “Our diplomatic relations with the friendly foreign powers have suffered no alteration sinco the last session and it is highly ratisfactory to announce to you that the negotiations pending with the Court of Rome, the pie- fence of au apostolical delegate in Spain particularly fa- voring the Fesalt, spproach towards a happy termination, as befits the paternal solicitude and well known illustra- tion of the common chief of the church, and the pisty and feelings of a people eminently Cathclio. “Under the proteotion snd merited care of the mother country. our faithful provinces beyond the seas, their prosperity and wealth increasing daily, enjoy unaltera- bie tranquillity, and if the same benefits are not enjoyed {a some one polot of the Peninsula, ! am animated by the hope that very shortly, by a prudent energy on the part of my goverament, the co-operation of the Cortes and the efforts aud loyalty, never contradicted, of the army and navy, the empire of the law, will be consolida- ted in sil parte. “My government being persuaded that it will only thus be able to dedicate itself with due vigor to the ne- orfeary encouragement and development of the publie Wealth; improving and reforming those branches of the goneral adminstration which reciaim it; and being firm- ly resolved to observe a legal regimen, which may both protect the peaceful citizen, and may contain and repress bim who in sny manner may endeavor to put himeclf above th® ..» willeubmit at once to your examination and Sppz9: |the projects which it may think Indispensa- ble for conciliating the well-ordered application of the principle of leguli'y with the disembarrassed and free action of the government, so essential for the preserva tion of order, 4s well xs for the peacefal development of a well-understood liberty, “The budgets of recepts and expenditures for the year 1848, will by presented to you at the same time, if not with the ‘radical ref'tm which my government’ medi- tates, and will one day submit to the approbation of the - with the improvements and economies which the state of the administration, the circumstances of the country, and the shortners to time have permitted and permit. “ Other projeets of law of recognized importance and urgency will also be successively presented to you~as the one which must definitively and duly provide for the endowment of the clergy and public worship; thas whioh Peace and happiness of r | beon tbat his total expendicuce bow at length reached | cued & height aalrremediably to exceed the vane of the determines the rights of the preva, with otion to the most rate Resins god constitutional doctrine that relative to bhe judicial organisation, with the lm: institutions take root and prosper, in which alone there a ne tor the citizen, and happiness and liberty for the people. “Senors Senators and deputies, this is the great work to which the Cortes with the throne have been for some time called You know my fvelings and desires upon this point, and those of my y government. Lend to- wards them, as I trast you , your firm and loyal support, and do not doubt that Providence will biess common efforts in favor of @ people as a: ply wounded by misfortune as it is worthy to be fortumate.”” ‘The session was then declared to be opened, and the Queen left, taking the direct road to the palace Opening of the Hi Diet. On the 1ith ult., the Emperor and Empress of Austria, accompanied by the Archdukes Francis, Joseph and Al. bert, arrived at Presburg, capital of ji nad Han- gary, from Vienna, in a steamer bearing the Hungarian flag. "They were received, on disembarking, bythe Aroh- duke Stephen, and sbout 500 magnates and nobles, Rounds of artillery were fired on the way to their royal residence, and the houses of the streets through which they were covered with flowers. The corps di- tomatic, the minister of the interlor, and meny high Ronotionarles of the Austrian government, arrived at Presburg before their mejesties. On the 12th, at eleven in the morning, the Hungarian Diet was opened in due form. The Emperor, dressed in plendid uniform of the Hungarian Hussars, was surrounded by all the magnates of Hungary, and, after an openiny ech by Count Appony, he endeavored himeelf to ress @ few words to the assembly in the Hungarian language ‘The royal propositions were then laid upon the table, and the Emperor and his suite with- drew. The Diet remained sitting to hear the reading of the royal propositions. They are eleven in number, and some of them are important. The first is respecting the election of a palatine, the second relates to wilitary re- gulations, the third to the rights of voting of the free cities and communes. Paragraph six relates to the question of landlord and tenant. The most” important is paragraph seven, which soncernsthe total abolition of all custom duties between Bes pey and the other Aus- trian dominions The propositions altogether produced # favorable effect. ‘The first proposition is already fulfilled. ~ Archduke Stephen was proclaimed Palatine of Hunga- ry by acelamation. ‘The Austrian journals are loud in their rejoioings, and give flowing accounts of the reception of the Emperor Scarcely, however,had the acclamations hailing the new Palatine ceased, when Kossuth, the liberal champion, rose aud meved thatthe Latin form of the oath to be taken by the now Palatine be changed into the Magyar dislect, and the proposition was hailed with deafening Miscellancous. The Singapore Free Press, of the 7th of October, states, on private authority, that an American gentleman. has entered into an engagement with the Eam Tuan, of Langat, (younger brother of the Rajah of Salengore,) foe hosinion of an tauoh territory of ‘Langat, on certain conditions, as the settlers may choose to occupy. Faiturss Exrraonpinary—It is rumored that the Duke of Roxburgh, the Earl of Eglinton,and Mr. Camp- bell, of Islay, are bankrupts. If #0, the liabilities of the two former must be very heavy; the liabilities of the lat- ter are said to be £670,000; the assets are valued at £300,000, but it is calculated that this sum could not be realized in the present state of the money market.— Edinburgh Chronicle. (Lord Eglinton, it is said, gives up all his property, and his creditors allow him £500 @ year. Viscount Kenmure, of Galloway, has appeared in the Scotch Gazette.—London Globe. ‘Tue Cuouera ix Russia.—The Prussian Universal dated St. Petersburg, of the cholera in the ‘The cholera was decreasing at Mos- cow, since the 3d of November. On the 6th there were 94 patients, 49 of whom died, and 39 recovered ; and on tne 9th, out of 77, $2 recovered, and 22 died. Since the 30th of September,-the day on which the epidemis first manifested itvelf, 3,011 inhabitants were attacked, 930 of whom died, 422 reoovered, 639 were under medical treatment, and most of them were expected to survive From Moscow the scourge extended to several districts of that government. At Kiew, it was on the increase At Kasan it rapidly deoreased, and on various other points of the empire it presonted a less pernicious cha- racter. During its passage from the government of Astrakan to that of Saratov, it was observed—l. That, in its march towards Saratov, it constantly advanced against the wind. 2. That, asin 1830, it again spared the colony of Sarepta, although the eommunication of the latter with the neighborhood had not been inter- rupted—a fact which cannot be attributed to the posi- tion of Sarepta, for it nowise differs from that of the other localities watered by the Wo; It ig no doubt owing to the absence of an indigent class, which is usually the most dangerously affected by the hol The inhabitants of Sarepta are indus- in comfortable circumstances, and remar- for their cleanliness and pobriety | they de- scend from Moravian colony, founded in 1768, in a country full of salt springs. 3. That in pasting from Kamuchin to Saratov, the cholera had spared the fo- reign colonies on its passage, but had returned thither later, when it had lost much of its Jatenelty t Saratov. The distemper manifested itself in those villages of colo- nists immediately after the arrival of travellers coming from Saratov, who already labored under it on their 0 the progre arrival,.or were attacked with it shortly afterwards — ‘The period of its incubation did not, in any case, exceed four ‘This would preve that the epidemic is com- mun by the persons. It wasalso observed at Sara- tov that the inhabitants of the localities visited with the cholera were less liable to cateh it in thelr intercourse with the os than those who arrived from a dis. trict in which it had not yet appeared. The epidemical character of the disease was particularly proved by per- sons suffering during its prev: ee from pain the pit of the stomach, from ageneral feeling of une: and want of sleep, although the rest of the body expsrienced no derangement. According to the most recent ac- counts, the cholera appeared in the government of Ka- luga, in the district of Lichwen, on the 29th of Septem- ber ; and on the 2lst of October, in the town of Kalu- g, where during the first week en cases OCourred tive of which proved . On the of November, it broke out at Kechitsa, in the government of Minsk, where it attacked during the first day four persons, three of whom died.”” Transmission or THE QueEN’s SreecH By Exectaic TetecrarH.—Ono Tuesday, the electric telegraph brought into active operation on a grand scale, for th purpose of transmitting Queen’s speech to the va- throughout England and y copy of the Queen’s speesh, ape ‘ted for the purpose, was expressed from Wes ter to the central stations in the Strand, and at ion square, both of whioh plac a quarter past one. The manipulator: having touched the wires communicating with every telegraphic station throughout the kingdom, thereby sounding @ bell at each, and giving the note of prepara- tion, commenced throwing off, in a continuous stream alowg the wires, successive sentences of the speech. This operation occupied from @ quarter past one to a 0 three on the salar lines of telegraph, but. bly less than this—owing to the greater prof. ciency of the manipulators—on the Eastern Counties and South Western. It was completed to Southampton, where & steamer was in readiness to express the speech to the continent, in about an hour. During the two hours the speech was transmitted over 1,300 miles to sixty central towns or stations, where one or more ma- nipulators were occupied in deciphering the transmitted symbols. On its arrival at Liverpool, Birmingham, Rotherham, Wolverhampton, Leeds, W: Hull, Rochdale, Gosport, Southampto Gloucester, Leicuster, Manchester, Derby, Notting! Lincoln, Sheffield, York, Newoastle, Norwich, Edin burgh, and Glasgow, the speech was printed and gene- rally distributed, and the local papers published special editions, It was telegraphed at tho rate of fifty-five let- ers ina minute, or at the rate of 430 words in an hour; several of the long words, such as barressmenta,”” “infringements” and “ manufacturing,” taking longer time, no abbreviations being used, so that the 730 words (the exact number contained in the speech) were, in cluding pauses and repetitions, dispored of in 120 mi- nutes, or two hours. [A speech of the same length can be transmitted over any tel yh line in the United States in one third of the abo ntioned time.—N. Y. Henaro } Owinggto the old telegraph b.tween Edin- burgh and Glasgow having just been taken down, so as to allow of the substitution of the new one, the intelli- genes had to be transmitted from Edinburgh to Glasgow by train, though by this medium the speech weuld reach Glasgow at four, or within two hours after ite de- livery in London. ‘The last Queen's speech, being but half the length of the present one, was transmitted in half the time, reaching Norwich, 120 miles, in less than an hour.—Lendon Mercury, Nov. 27. Fashions for Decomber. (From the London & Paris Ladivs’ Magazineof Faehion } “The cvivars most in favor of this iter: in woollen materials for dresses are monster vert, dark grey garnet and muraille; stripes and ‘ohecks continue fashionable ; the richer matertuls of drees are gen- ly in running satin patterns, on reps ground, whether of different shade, of the sams colour or con- g ones. The new materials are no rich, in pattern aa not to admit of trimmiag with the same. Woollen materials are principally used for redingot made quite high, ornamented with braudenbourghs:cin galovg silk noouds of satin and velvet ribbon, aud large noeude in gimp ; embroidery in satin stitch, mixed with thick cord, which has quite replaced braid’; narrow velvet is aleo very fashionable for trimmings. Carriage dresses axe generally quite high and tight, with long sleeves closing at the wrist ; those open a: the bottom are stili fashionable, but principally for dinner dresses For evening wear, rich satins with velvet patterns will be the great novelty of the season. Bouilions of tulle and pretty trimmings of colored bload have @ good eff On taffotas ball dresses, pink and citron volours epingle are frequently soon, with bloud flounces of the same vol- or. Berthes of lace, velvet, and old point, are still worn, but rather less deep. Taffetas dresses of pink, blue, and white are often nearly covered by pinked ruches. Narrow velvet ribbons, both plain and epingle, are very much used. Bonnets and caps are covered with them ; the narrower the more approved. Funcy buttons are also much used. Bishops’ purple and vs- nille color favorites for redingotes ; they are often trimmed with stamped velvots, Faris now # favour te ornament, Satin skirts for morning wear have sevenal rows ; the corsages being bigh, with small fixed pelerine of fur, diminishing to poiat ut the waist ; rometiaos two bands of fur are placed en tablier ; fur cuffs are much dec por than they were last year. The newest style of pardessus in the manteaus Armenien, partaking of the paletot and mantelet ; it is open at the sides the whole length, and fulls straight behind, without marking the waist, trimated with a broad band of gimp or lace laid on. The same style, of reducud size, is ulso made in cloth and merino, trimmed with gimp or stamp- ed velvet. One of the noveliies of the season ia a plaid velvet cloak, with deep trioge Many pardessus jorm jarge rounded shawl behind, and mantalet in front ; it {s pot unusual for the pardessus to mateh ia color wilh the dress, a8 one of dark biue yelvet with dreas of dark hime groé de Napies. Tae form of bounets, though | wether eiuilar to ¢ Worn last year, Is however, rouad- et end wore open, there i & youudnesy in wwe | Foreign Theatrical Mrs. Mowatt and Mr. Day nport have arrived i land. They commence an engegement at Manchester on Monday next, Deo. 6th, Mr. and Mrs. Charles Kean have been playing most successful engagements in Liverpool, Manchester, Bir- mingham, and Sheffield On their last appearance in Liverpool, hundreds were turped away from the doors, unable to gain admission to the theatre. ‘They were in Dublin on the 27th ult, Miss Cushman is at the Princess Theatre| {Madam Anna Thillow will appear there soon. McCready, at the last accounts, was performing at Manchester. Mr. Templeton hag given‘his Scottish entertainments at Edinburgh, to numerous audiences. Madame Eugenie Garcia is singing with great success at Trieste, but is expected shortly to leave for Paris. The French minister of the Interior has just decided that managers shall not announce in their play bills the names of any piece for performance until the Commit. tee of censure (Commission d’ Examen) has pronounced in favor of the representation. Malle. Cerito has lately received frem the King of the French a magnificent bracelet, accompanied by ® very Aiattering letter, in recognition of the ability she has displayed in “La Fille de marbre.”” Barer, the composer, has arrived in Paris—it isas- serted, for the purpose of superintending the produo- tion of one of his long expected operas. ‘The latest intelligence from Italy, saysa Paris journal, communicates that the state of Donizetti's health is not entirely despaired of. An artist, named M. Ange Basque, lately engeged at the French plays, St. Jawes Theatre, committed suicide in Paris, by strangulation. Madame Viardot Garcia has contracted with the man- ager of the Theatre Royal of the Grand Opera, at Ber- lin, an engagement of four months, commencing trom Ist January next. There is an artist just come to light who professes the extraordinary vocal faculty of singing ducts, bass and treble at the same time, without any aid whatever. Mr. Surman, conduetor of the performances at Exe- ter hall, has been appointed conductor of the Melopho- nio Society. Mdile Carlotta Grisi recently met with an accident at Brussels, that for a time ed some uneasiness to the sudience. In the second of “‘Gigelle”® she crosses the stage on a sort of cloud; the machine being launch- ed too quickly, it struck against one of the decorations, and Mdile. Grisi received ere blow on the leg and on the arm; in apite of tl in caused by the accident, she, however, continued to end of the ballet. Jenny Lind has left for Sweden, where sho intends re- posing in quiet until the commencement of the London Operatic season. Previously to leaving she appeared in “Der Freyschuts,” in which the Swedish Nightingale made an utter failure; she, however, excited the utmost enthusiasm in‘-La Figlia”’ and “I Masnadiert.”” The celebrated Female American Serenaders, from the St James's Assembly Rooms, are on through the North of England, delightin, inhabitants of Oh Barnsley, and Wakefield, with their native melodies. Two tenor singers of Venice having just died at a pre- mature age, their demise has been atiributed to the ex- ertion required in singing Verdi’s compositions. Incon- sequence every prima donne of note uow makes a stipu- Jation in her engegement with the managers that she shall not be called upon to sing in Verdi's operas, A letter from Berlin states that the ‘ Swedish Night- ingale’ nas been presented with a very beautiful parure fu diamonds, said to ofthe value of 100,000 francs (£4,000.) This valuable present was raised by the sub- scription of the nobility and gentry of the Prussian oapi- tal. Mr. Batty has taken the Adelphi Theatre, Liverpool, for equestrian performances. Jerrold and Bourcicault have comedies in preparation for the Haymarket. Tamburini and Salvi are at present in St. Peters- burgh. Madame!Cinti Damoreau and M, Felioien David, the great composer, were in Brussels, on the 27th Novem- ber. dienry Russell, the eminent vocalist, was giving con- \s at Glaegow with great success, at the last accounts. ‘The painters are at work outside Drurylane Theatre, brughing it up, and making it look smart, for the ap- proaching dramatic seasen. Jobu Wilson has given his Scottish minstrelsy to ox- cellent houses at Brighton, Cheltenham, Bath, Kc. Mrs. Wood has been singing at Liverpool with great success ; and the Distin Family have been performing on the sax-horns to crowded audienoes. H. Philips and Mr. Land have given their vocal per- formance lately, at Bury St. Edmunds, Oxford, Ciron- cester, Devi &o., with great euccees. John Parry has left London to fulfil a series of engage- ments at several places in the midland counties, com- mencing at Liverpool. Circular of Messrs. Baring, Brothers & Co. Lonpon, Deo. 3.—Parliament was opened on 234, and the Currency question is now under discussion on the Government proposition to appoint a committee to in- quire into the practical working of the Bank Charter Act 01844. On 22d ult. th» Bank of England reduced their minimum rate of discount to 7, and yesterday to 6 por cent. per annum; they have now little short of £11,000, 000 of Bullion in their vaults, with a reserve of un- employed Notes to the amount of £6,800,000. This de- cline in the value of money has caused the Funda to advance, but has thus far been met by no corrosponding improvement in the prices of merchandize ; markets, indeed, remain generally depressed, with large arrivals, eepeoliniiy of Last India produce, which in most instances leave heavy losses on the importation. With regard to the manufacturicg districts, we have nothing encourag- ing to communicate; in Lancashire a large number of ‘eareout of employ. The 81 is producing a similar result nd the iron masters are resorting to a reduc- tion in the m: preparatory to one in the wages of their workmen. The last overland mail arrived 224 Nov; the dates were Calcutta 3d, Madr: and Bombay 16th Oct; Shanghae 12th and Hongkong 29th Sept. Sterling exchange and freight had declined ut al the Presidencies. in China, Exchange ruled at ad @ 4s 4d per dollar. Ashes without chang ok is insignificant, ana prices nominal at 32s for Can: Pot and 37s for Pearl. Bran- dies inactive, but deliveries for comsumption good : beat brands, 1846, Cognac 4s 63; Bordeaux !’roof 34. Cochi- neal about 3d. dearer, and exporters have taken 750 bags since our lest, chiefly Honduras silvers from 4a 2u to 4s 8d. Stock, Ist inst. 3710 bags, against 2,042 in 1846. Cocoa—Sales of Trinidad 408 to 45s: Brasil nominally quoted 34s to 38s, but no dispesitioa to purchase. Cof- tee—Native Ceylon sold at 338 6d to 348, which is a shade dearer, but rather lower j 23 ood have again been accepted for Piantation sorte,to induce the trade to ope- rate. For export no traneactions, though advices from the Continent are somewhat more in favor of the arti cle, Copper firmly maintained at last quotations. The Corn market bas ruled dull since our last, and prices of English Wheat have again declined from'2s to 33 per qrt, with more liberal supplies, which owing to the damp weather, have come in im different condition. Hold Foreign Wheat and Flour have shown firmness, but make any progress in sales, come cocesesion would bave to besubmitted to. Pricesof Indian Corn come lower trom Ireland, and we have to reduce our quotations ac- cordingly : last price paid for good Danube Corn afloat, weighing 63 to 64 Ibs, was 36s per qr. free on board, in- eluding cos, freight and insuvance. Nearest quo- tations are U. 8. red Wheat, 383 9 45 per imp qt; White, 478 a 50; Flour 26s a 23s per barrel, super, best brands; do 22s a 25 inf and sour; indian Corn 283 4 82 per 430 lbs; Barley 203 a 22 per imp. qr; Oats 1834 20; Corn Meal 15s a 16s per barre} No new feature in the Cotton market at Liverpool With a crop of 2,250,100 bales, we must expect prices will decline as the new supplies come forward, for our consumption for some time must, without doubt, con- tinue on » moderate scale, Deugs—China Camphor iu more demand, and few sellers under 648. Fair Rhubarb, rather mixed, sold at ls 3dais6d per lb. Good and fine qualities of Gum Benjamin, Arabic, and Animi, in regular demand at full pricey, to the neglect of ordinary descriptions. Oil Cassia 8 u 8s Ga per tb. ‘Turkey Opi- um 12864. Io Russian Hemp nothing doing; quotations nominally the same ; 2000 bales Manila rolu, to ar, £31, Hides dull, as the leather trade couiinues pressed, and several failures havetaken place. Aim. without demand, and remain nominally as last ju say N.Y. salted 2% w 2d, N.O. 24d 0 256 firm. and buyers have io of email export orders, but there are no sellers in quan- tity at the moment. Prosent stock, 32,949 ch against 33,706 in 1846, and 33.789 in 1845 Demand for ron very moderate . and as stock# continus to accumulate, n further decline has tal place. A forced sale ot 2000 tons Rails for cash perton ia Wales, but £7 10s to £8 are generally asked. Com. Bar held for £8 per lon. Scoteh pig 488 & 50s on Glyde, £11 nominally. Lead as last quoted. Liuseed Cakes in fair demand, but owing to the mild weather, prices do not improve; Am. worth9 a $11 per ton, accordint to | quality. Oile—Sperm jfirmer; last sale Am, £32, wh o} now refused for parvels that were offering at that, and £84 now asked. Southern, Pale Seal, wud Cod ‘as last quoted, but little doing. “Linseed heavy, sale nt 238 6d per owt, tor present delivery; for first sx months of 1448 there are buyers at 24y, seilers at 243 64 Rice dull, with large arrivals; we(quote Bengal lis Gd a | 158; Cargo 936d a 103 6d; und Madras 9 a 12s per owt Saltpetre wanted; and prices of Bengal advanced to 30 #325 64 per owt. Raw silk—In the recont auctions 1200 bales China and 400 bales Bengal found bayers; prices very similar to those previously paid, bat gener- ally from 73 to 10 per cent under rates ruling in July. Speiter advanced to £15 58, with few sellers. At Ham- bi ge purchases, supposed for French accout, at equivalent to (£19 there; present stock is about Spices—Pimento rather lower, and good not worth over 5d; sales of pepper at 224 to 2d tor Suma- tra, and 2% to 27d for Malabar; bon cloves 6 to 7d; Cassia Liguew 65 to 728; nutmeg 6d to 4+ 7d; mace 24 64to 4s 9d, Sugar—The advance noticed fu our last in the home trade ki: has jsiuce been lost, and our market is dull; expor doing nothing at present, and in all the continental markets the article remains for 170 to £160; North-west 166 to £170; but we fou rd at prices £10 under these «8 entirely depend on the ‘The Corn Frade of Eurcpe. (From the Mark Lane Express, Nov. 29.) has been an extremely quiet week ia the trade, and in the present position of affairs there is li of interest to comment upon. ‘The moet s{ngular cir. cumstance in connection with this branch of busin is the smallness of the supplies brought forward by stowers. Wheat sowing, and other out door labors, in- cidental to the season, are now nearly, if not altogether, finished; still the deliveries of Wheat from the farmer show no inerease, and, with » decidedly dull deman: the quantity brought forward barely suffices to suppl; the imiliers with what they require for immediate uss, The consequence of this ctato of things has been, thi whilst the value of the article haa receded at all ‘thor places where ¢tocks of fureign are held, prices have saf- fered very little decline at the leading markets in th sricultural districts; indeed, at some ef the chief shi; plo ports on the east coast, from whence incolnshire, Cambridgeshire, Norfoik, &o ed to the copruming towns south and nort! actually shown a tendeacy to advance in dull advices from Mark Lane, Such was thecase at Lym: on Tuesday to realize more money, but they resisted any decline; an ‘at Boston, on Wednesday, the utmost concession that could be obtained was a reduction of 1s. per qr. In the| midland counties supplies seem, however, to have alight- ly increased, and the decline in taose parts has amount- ed to 1s. to 2s. perqr. Meanwhile there is an evident] disinclination on the part of merchants, millers, dealers to extend their operations; at which no surprise] an be felt, when the extreme difficulty which still exista| in obtaining the common and ususl facilities is borae in| It is true that 0 a whit the easier, and) of iges all parties to| act with -y oure and ciroumspection. Sup. plies of gi ‘om abroad, more particularly of wheat, still drop in from time to time; and Importe: + maturelly desirous to effect sales, where practieable, without inowg- ring landing expenses, which fully accouats tor the fell in priees having been greater at Mark Lane, Liverpool, ‘&o., th's week than elrewbere. ‘The accounts from Liverpool, of Tuesday’s date, re- presented the wheat trade os very dull, at @ decline of 3d to4d 70 lbs. on the currency of that day se’unight; but American flour beving been in coustant request for shipment to Ireland and coustwise (upwards of 11,000 bbls having been exported, and only 165 bbls. imported during the week ending 22d inst ), had not suffered any reduction, and fine brands of Western Canal were then bringing 808. per bbl. Later in the week a further de- cling f 2d. to 84. per 70 Ibs. took place in the general runs wheat, and buta retail demand at that reduo. tion The choice brands of American flour were still worth 30s. per bbl., but inferior sorts sold slowly at 6d. per bbl less money. ‘A’ Leeds, on Tursday purchasers acted with caution, but sellers declined giving way, and at Hull, where prices nad previously advanced, a reaction to the extent of 1s. per qr. was all that took place Some small lots of new Hamburg wheat had arrived there, for whioh 54s. to 568 per qr. had been made. The aceounts from Wakefield, of Friday, state that the demand for wheat was active, and that former rates were well supported, lightest disposition on the part of hold the contin By our rn that supplies of grain had increased, onding increase having taken place in the demand, thet prices had fallen mate- rially. At Edinburgh, on Wednesday, wheat was quo- d 2s to 33 per qr, and at Glasgow, on the same day, le per boll of 240 lbs lowe: In Ireland the value of corn appears also to have ten. ded downwards, notwithstanding the continued com- plaints of scareity of provisions and the consequent suf- fering among the poorer classes of the community. The arrivals of wheat coast iato London again been moderate, omly 6911 ed up to this (Saturday) brought forward at Mark Lane by land-o ry pe trom the home counties has also been smuil since Monday; notwitbstending which, the trade has re- mained ina very dull state. On Wednesday the show cousisted of a few runs, principally from Kent, left over from previous receipts: but trifling ag was the supply, it proved fully equal to the demand, and eales proceeded very tardily at the reduc: erms *of Monday. On Friday there was absolutely no English wheat offering, and having au unusually thin attendance the business done was of so trifling character as to render it diffi- cult to say whether there was any change in prices The receipts of wheat from abroad have not been par- ticularly large, but this has failed to have any influence on business, the quantity in granary affording an ample display of samples. Mvanwhile there bas been very little country inquiry for foreign wheat, and cur own millers appear to have sufficient on hand to answer for present purposes; the transactions have, consequently, been on a very restricted scale. On Wednesdey scarcely ® bargain was closed, and quotations remained nomi- nally as ia the beginning of the week; sinov then the finer sorts have been held with rather more firmn and superior Baltic qualities could certainly not be cheaper on Friday than on Monday. The sale for town made flour has be slow, but the millers have not altere: The arrivals of ship 1 q Norfolk households have commanded quite former rates. The best branv’s of American have also been held firmly at previous prices, but secondary sorts have in partial instances, beea sold been very trifling, (nor are we likely to receive any fur- ther supplies of consequence from America until next spring. PTneugh the quantity of home grown berley brought forward since Monday has not been lerge, what was then ft unsold, with the few paroels since received, have afford olerable show of ples. ‘Ths late fall i pric failed to tempt the maltsters and distiliers to buy more extensively, and business haa remained in a very dull state throughout the week. So fur from any portion of Mondag’s decline having been recovered, the turn hus been rather in favor of the buyer, and pur- chases might have been made on Fridey,at terms whieh would not have been taken in the commencement of the The continued reduction in the value of barley has, of course, influenced prices of muit; but though sellers have shown a disposition tofacilitate business by accept ing somewhat lower rates,the brewers have declined buying more than they required for immediate use. ‘The arrivals of oats have been quite anoderate; from our own coast 1166 quarters, from Scotland 132 quarters, from Ireland 7641 quarters, and from abroad 3294 quar ters, having come to hand. The priacipal dealers have, however, acted with such extreme caution, that, am: as has been thesupply, it has proved more than adequat tothedemand. The value of really fine old corn has scarcely varied since Monday, such boing now scarce; but new Scotch and Irish outs @ been offered rather below the currency ofthat day, without inducing pur- cbasers to buy a quarter more than needed for their im- mediat att jearcely any Pol gerd beans have appeared at market since Monday, and, im the absence of supplies, quota. tious have remaiued nowinal unaltere have been held tirmly at fully previous prices. Peas of all kinds Lave move off slowly at late terms, the milduess of the weather lessenixg the consumption, There has not been much doing io Indian corn and meal, but the value of these articles has been very firmly maintained. By our advices from the north of Europe it appears that the supplies of wheat received from the farmers at the differeut markets had somewhat increased, and as the export demand had been comparatively unimpor- tant, the tendency of prices had been downwards; the stocks were, however, much redueed, At Danzig a sale of 70 laste of wheat was reported, being low 87 lbs, which fetched 42s. te 438. per qr. The weather there continued remarkebly mild At Rostock wheat was held at 458 to 4ts. ; rye, 283. to 30s. ; peas, 363, and barley 24s. to 25. per qr., free en board ; prices are thus kept up. At Stetlin Uckermark wus heid at 47a, to 4as. per qr., weighing 61 lbs, to 62 ibs., 51 lbs. barley at 27s. per qr. peas, 378. per qr. ‘The market at Hamburg was lively, aud a considerable quantity of wheat was taken at sbout Is. per q vance; upland, 63 lbs. pec bushel, having fetched 538. . 6d. per qr.; Mecklenburg and Holstein, 61 Ibs. 49s to. Sis. per. qr. Some barley, weighing per bushel, commanded 24s. 9d. per qr. at Sewiand; h and Holvtein, deliverable at Hamburg, com: manded 26s, to 278 per qr. From the south of Europa the intelligence is of little interest, but the value of wheat appears to have been well maintained at a1 the leading ports in the Mediter- ranean. Egyptians State of Trade in Manchester, [From Ferguson aud Taylor's Monthly Trads Ciroular,] Manenxstea, Deo. 1, 1847.—We have now arrived at od of the year when the operations alike of the ‘ade houses aud shippers, are, in the usual course eduoed to the narrowest limits, ‘I'he quiet of ouc market, therefore, at this season, affords no guage whereby to jadge of 1ts latent vitality or otherwise. Notwiti standing that the actual transactions have been but moderate, yet s marked improvement in the tone of both buyers and sellers has manifested itself. Tho opinion that the worst triols aro ovur, appears to have become almost general, and confidence has been in a large manner restored. ‘The prespecta of apinners and manufacturers are improved by the coll«pso of the cot- top speculation, and by the certaioty of having abun- dant eupplies of Che raw material atjiow prices during the coming year; and they calculate on a cousiderable re- vival of demand for their respective staples as soon aa the monetary means of merchwnts and traders have at- tatmed that ease which will encourage their usual in- vestments. In anticipation of a more active trade soon springing up, many of our milis which were closed or running short time, have resumed or extended their production. Stocks of goods are held with more firm ness, and although no action on prices has affected their demand, one gratifying circumstance is observabl there are fewer attempts to force sules by important c cessions in price Although we are inclined to believe the crisis is past d a more healsbful course f busi- is in progress, yet wo ehould fear avy speculative and large extension of production, as caleulatydto ra- tard and endanger that improvement. liceent events have exposed the fact that some most important brancl- es of our foreign trade have been conducted on moat er- roneous principles, and in utter violation of the natural laws of commerce, which are doubtless as unerring «nd im- perative wi, though less ovcult than, (hose whol ruly ihe phenomens of the universe. Markos over suppited by neglvoted; at St. Petersburg, the best white Havana is qnoted at Ro. 2536. Tallow—Public sales have partly | supplied the demand at rather wader the quotations of | PY ©, witch isheld at 45 to 45s 84 for best first sort; | about 23.000 casks are on the way from Cronstadt, and | this keeps the market quiet for the moment. ‘Tea with- out variation; at @ public sale of 16,000 packages, ovly | 4100 found buyers, trade ruling dull. Tin—About 1200 | slabs Banos fold at 849; Straits firm at Sl a 82e; Kog- lish block 658; bars 8s 6d, free on board. ‘Yobacco— Quotations remain as last month, with ovly a moderate business doing; the article, however, is firmly held, but the pressure of the tits has hitherto provented the im provement so confidently anticipated by holders. Tur- | pentine~2000 bls rough sold at 8s, snd 1000 now on | market held at 94; American spirits sold as low as 30s | Gd, but to-day the price is 93 to 344, duty paid. Roan Homipelly $4 to 4a dd, asin quality; mules jaet week at Lirerpoos ut Ya Od per owt, Whe) bone—Holders of Ameriesn velase bo sell oF présent rates; Mouth Men held | Sigh ‘eonsigners, without regard to the demand there existent, or the supply of exciiengeable equivalents which they” wight possess, have compelled a submission to low aud unremunerative prices on the exports sent thither; whilst competition for returns has induced relatively high rates tor produce,which being’often made as remit. tauces, witbout regard to Lie condition of the markets of sale, have again entailed loss to the purties iaterested, Long dated acceptanses, drawn rgainst such sbipinents out and hows, uod easily negotiated when mouey was abundant and ths trade in repuis, have afforded ta- cilities for proswouting the ryacom, Lis results havo beea injurions to all partier; and it is \o be hoped ha; the convulsion set in motion by the potato Might, may have the effect of placing the trades pow ro disturbed, On a scund sad Ivgitimeto bay ig for the fut The resumption of Bo setivs for the steplos of this diatrioy for india ima, we can hardly expect to be Other than vomete, and, eonsequentiy, thers manvilarturers