The New York Herald Newspaper, October 19, 1855, Page 1

THE NEW YORK HERALD. WHOLE NO. 6991. MORNING EDITION—FRIDAY, OCTOBER 19, 1855. ARRIVAL OF THE ATLANTIC. ONE WEEK LATER FROM EUROPE. IMPORTANT FINANCIAL NEWS, ANOTHER RISE IN THE RATE OF INTEREST SHIPMENTS OF COLD TO RUSSIA. Consols 871-4 a 871-2 ‘SEBASTOPOL TO BE BLOWN UP. Movements of the Allied and Russian Armies, Wavalry Battle and Defeat of the Russians near Bupatoria. DEPARTURE OF THE FLEET ON A SECRET EXPEDITION INTERESTING FROMCHINA. Conflict of Americans with Pirates. DECLINE IN COTTON—BREADSTUFFS QUIET, &e., &e. ‘The steamer Atlantic reached this port yesterday morn- ing about 8 o'clock. She left Liverpool, Saturday, Octo- er 6, at 4 P.M. In the river, passed royal mail steam- whip Africa, from Boston. Sunday, 14th, 45 miles west of Che Race, at 5 P. M., passed steamer America, from Ha- 2Mifax, bound East. The Atiantic arrived on Sunday morning, Sept. 80, at Liverpool. \The Fricason arrived at Southampton on the 29th, @fter a boisterous passage. The Arago arrived at Cowes on Friday evening, 28th. ‘The chief items in the English news are the rise in the Sate of interest, from 5 to 53¢ per cent, which took place Om the 4th. A good deal of commercial uneasiness has Besulted. ‘The revenue returns of the United Kingdom, made up to the 20th September, show a net increase upon the last quarter of £1,924,124; upon the half year, of £2,020,690; ‘and upon the yoar, of £8,344,781. This is chiefly made up by the income tax, the increase upon which is £6,484,- Wat. The Board of Trade returns for the month ending 51st August show on increase in the declared value of impor- tations, as compared with same month last year, of £107,759. A great diminution is shown in the Australian trade; but in the cotton, wvollen and linen manufactures ‘and metals there is little variation. An increase ia shown in the arrivals of wheat and Indian corn, but flour, owing toa delay in the American shipments, presents a dimi- ‘aution. According to the shipping returns the tonnage Of British vessels entered inwards during the month end- ing Bist August was 427,464; United States, 126,792; other countries, 54,600—total, 708,856. Cleared—British, 620,608; United States, 130,867; other countries, 249,903, , The Prefect of Police of Paris issued, on October Ist. @ decree regulating the price of butcher’s ment in that ity, which had caused much excitement. The price ‘will be fixed every fortnight for every kind of meat, ac- eording to the returns made at the Caisse de Poissy, and ‘ta the weight of meat ascertained to have been sent from the publie slaughter house of Paris, dur- ‘ing the preceding fortnight. The meat is classed aa beet, of which there are three catagories—cow and ‘Dull beef, and veal and mutton. In the shops estabished ‘4m the markets, meat shall be sold at 10 cents at least per Kkilcgramme below the fixed price. A part of the decree which delights housekeepers is the abolition of rijouis- ‘sancean expression which requires to be explained, as the word véjouissance used to signify that at which the good housewife grieved. It isthe custom of the butchers of Paris when weighing out meat to throw into the scale ® piece of dry bone, (utterly useless to the purchaser,) upon the pies that it is the faic share of the bone belong- ing to the portion of flesh sold. ~Many butchers bought bones on purpose to serve out to their customers as Péjouissance. It tickles the French public immensely to think that the government has condescended to interfere in a matter was a daily cause of bickering between the Dutcher and the mistress of the house. Corn has reached its maximum price. ‘The-leading events in connection with the war are the quartering of detachments of French and English troops fin Sebastopol, and the fact that the allied armies of opera- tion threaten the Russian army, both from Eupatoria and Baidar. ‘the French cavalry, under Gen. d’Allenville, de- feated the Russians near Eupatoria, on the 29th. Rassian loss—50 killed and 105° prisoners; French, © Killed and 27 wounded. A tough campaign is expected, as the Russians are mating tremendous pre- ‘parations, and the Emperor himself is at Odessa. The “fleet has eatled from Sebastopol on a secret expedition, 1s ‘is supposed cither to Nikolaieff or Odessa. Kars still held out, according to last accounts, though the provi- gions were nearly exhausted. It was expected, however, ‘that the snow would compel the Russians soon to retire. The. probability of a marriage between the Princess Royal of England, eldest daughter of Queen Victoria, and Prince Frederick William of Prussia, heir apparent after this father and uncle to the throne, was very warmly anvassed in the United Kingdom. The people were violently opposed to the royal arrangement, now said to be completed. Prussia wac looked om merely asa Rus- ian province—and if the marriage took place the Princess of England if true to her husband must be a traitor to her country. The London Times says:— Why should we place a daughter of England ina situ- ‘ation in which devotion to her husband must be treason to her country? Why distract her mind between wishes ‘for the weifare of the family which she has left, and that into which she is to be receives? ‘The Picdmonte, of Turin, of the 30th ult., announces ‘that the King of Sardinia’s health continued to im prove. ‘The government at Berlin notified, on the Sth instant, to the journals of that city, that no attacks on the West- ser Powers will be permitted. A bill was rea@ in the Spanish Cortes on the 2d inst., fixing the contingent ot the army for 1856 at 70,000 men. ‘The Cortes approved a bill admitting political refugees into Spain. No further bulletins have been issued re- the Queen’s health, which has so much im- proved that her Majesty has determined to return forth- vwith to Madrid. The treopa and National Guards are to dorm on the occasion, It is stated that the Duke de la (Wietoria returned from the Escurial, completely satisted ‘with the conference which he had with the Queen, and hat all difficulties in that quarter are now at an end. ‘The taking of Sebastopol has caused the greatest ox- citement in Naples; the people are fall of joy at the mews, but are obliged to smo‘her their feelings. The q@oyalists are terrifie!. Banquets have been held at the Manglish, French and Sardinian embassies with great pomp. St. Ekno, Gaeta and Capus are now being strong- ‘ty fortified; great activity ia shown in constructing the Mecersary works by day and night. Also in Pescara, to which place a strong body of troops has been sent, and ‘nother body is about to be despatched to the oman onfines. Batteries level with the sea are in course of eonstruction at various points of the coast near Naples. ‘The Hing, through an agent, G. Pescantini, has with- drawn Iris capital moneys from the Gran Libro, National Bank, and invested them ia Amsterdam and America. ‘There withdrawals have caused a panic in the Exchange, sgnd prodaced a fall of two per cont in the funds, as well as severs! failures among the merchants. Accounts have been received from Constantinople to ‘the 2th of eptember. 13,000 men of the Anglo-Turkish contingent have left for Varna, where they will take ap ‘their winter quarters. Omer Pasha is eoncentrating 60 000 men near Chefkatil, a fort om the frontier of Asia, which the Turks took from the Russians at the commence- ment of the war. ‘The young King of Portugal is rendering himself popu- lar with the troops and people generally, by visiting bar- racks, honpitals, &e., when least expected. and not spar- ing his censures of unsatisfactory rations or other irrega- &e., larities. Ihear His Majesty expressed great satisfaction at the efficient state of the hospital of St José. He, his brother, and father attended the Spanish minister's ball the other evening; the King was very quiet, but the Duke of Oporto danced a great deal. Yesterday, the Pope’s Nuncio gaye a grand dinner, and other diplomatic festivities are announced in honor of the new reign. A very disagreeable incident took place at the State dinner given by the King on the 18th ult., at the Adjuda Palace. 2. Ozoreff, the Russian Minister, could not find the place which bad been destined for him at the royal table, ond being probably out of temper with news of the fall of Sebastopol, his Excellency took the matter up rather wartly, but waa prevented leaving the room by a Portuguese nobleman, who gave up his own place; he was ultimately pacided by the production of the card whith bore his name, and had been carried off the sable by Ma- dame Oxorofl’s dress. ‘A diplomatic difficulty also occurred at the royal banquet. The Duke of Saldanha, it is said, arranged the guests before they entered the diving-hall. Now there is a very prevafting opinion that hia graee knows far bet- ter how ‘‘to set a squadron in the field’? than interpret the volumes of court etiquette with due regard to their intricate canons. His grace requosted Sir Richard Packenbam to escort Madame Ozeroff, the lady of the Russian Minister, but the British representative pleaded the impropriety of the demand, as the dinner was a pub- lic and State event, and his conduct would consequently be open to criticism as Her Majesty's envoy, Just as the horns of a very awkward dilemma were appearing one of the lords in waiting effected a compromise by suggesting the American Minister as cavalier to the Russian ladyy in the room of Sir Richard. Tt was stated in Milan that His Holiness, the Pope, lately received a letter from the Emperor of the Freneh, in which he was reminded of the stringent reasons which render a series of reasonable reforms necessary, such as were recommended in the letter of August 18, 1849, from the then President of the Republic, dhlivered to the Pope by M. Edgar Ney. The measures recommended were, a general amnesty, the eecularization of the ad- ministration, the code Napoleon, and a liberal govern- ment. It is added that His Holiness replied that he was not averse to granting his subjects certain reforms cal- culated to secure the peace of the country without sacri- ficing his dignity or that of the Holy See. To this reply, it is rumored, that an answer bas been received which has not proved palatable to the Holy See. The Committee of Mexican landholders in London is- sued the following circular on October 3d:—The commit. tee bave received advices from Mr. Whitehead, of Mexico, down to the th ult. The new government had, it ap- pears, re-appointed Colonel Facio Mexican financia agent here. The packet brings for the dividend fund $22,600 from Tampico, and $24,000 from Vera Cruz, addressed to the Mexican financial agent. ‘ ‘The new constitution of Denmark was promulgated on Octeber 4. Prince Ferdinand, the King’s uncle, having re‘wed bis +'gnature, had been dismissed from the chief command of Zeland and the Islands Adaviant. ‘The Emprers of France was in very poor health. The Emperor was about to visit Boulogne in company with Abdel-Kadir. In the British army, Generals Combernere, Earl of Strafford, and Viscount Hardinge, have been made Field Marshals. The project for the organization of a new bank at Vienna has been submitted, The State will give the bank a mortgage on State domains of 175,000,000 of florina, with right to receive the revenues and to alienate the domains. Cholera was rapidly on the decline throughout the north of Italy. An order for reinf.reements for the Crimean army had ‘been issued by the Minister of War in Turit: ‘The health of the King of Sardinia was improving. IMPORTANT FINANCIAL NEWS. The Commercial Crisis in E: nt of Gold to a (From the London Times, (Money Article,) Oct. 5.] The facts just confirmed regarding the artificial opera- tions of the Bank of France in drawing gold from this side, furnish a remarkable confirmation not only of the views lately expressed, but of the soundness of those put forth a month back, when the Pank of England first raised their rate of discount, It was then stated that, although a moderate adv in the value of moncy was inevitable, and there could be no prospect of its being otherwise than in active demand throughout thé remainder of the yeer, there war nothing in a general survey of the trade of the country to suggest that any repeated movements on the part of the bank would’ be found necessary. Subsequently it became known that the govern- ment bad arranged that the proceeds of the Turk- im loan should be remitted to Constantinople in pecie, instead of being managed, at usual by ex- change transactions; while at the same time, notwith- standing reiterated oe ae the excellence of the American harvest, £300, or £400,000 was sud- denly remitted to Vienna for purchases on the Danube, owing to a continued improvement in the grain warket, the undfounded nature of which has since been demon- strated by a seaction of 4s. per quarter. Even these circumatances, however, although calculated tempora- rily to modify previous expectations, were insufficient to account for the drain which had set in, ovis, with “ng) uncontrollable force. The Bank of the rivate and joint stock banks, the discount houses, and the mercantile community generally, were alike perplexed, and a multitude of theories were put forth to account for their confusion, one of which was that they had all been misled by the 7imes, while another comprised the idea that Russia had been secretly borrowing. 471 that was positively known was, that gold continued to go to Paris, whether the rate of ex- change rendered it profitable or otherwise. It was then declared that, in consequence of the war, the coun‘ry was carrying On a much more one-sided trade than had been apprebended, and that the result, which ought long age to bave been foreseen, had now rendered iteelf pal- pable. It was vain to urge that, as the war had been roging for a year and a half, its effects were hardly to be looked for in a sudden crash spread over a few weeks, and that, in addition to the grain purchases and the Turkish loan, there must still be some accidental or ex- ceptional solution for the symptoms iu progress. Such a mode of evasion wa’ not to be tolerated, and the speca- lators fora fall were trinmphant. At length the operations of the Bank of Franee grada- eDy became known. Inorter to prevent the poy for resorting lo an advaner of the rate of discount, they had been purchasing goll at a price chore its natural value, anil a temporary dimulus was thus being afforded to the (inan- cial affairs of that country. ‘Ihe amounts were said to be large, but, nevertheless, surprire was felt when it was announced that they were expected to reach £1,600, - 000, At last the total has been found to ve £4,000,- 0€0, and the solution of all the previous mystery is more than ample. Jndeed, the marvel is that with such an operation in the disturbance has not been greater. ‘The real difficulty, therefore, is not to acconnt for what has been witnessed, but for its moderation. Under these circumstances, a new glance at our posi- tion becomes practicable, and is the more desirable, be- cause, in addition to those acting upon ordinary «pecu lative motives, there are at the present conjuncture other parties strongly in exciting distrast— namely, the Greek sympathizers with Russia, who con- stitue al and active class both in London ant Li. verpool; and the section of Englith politicians with views who hope to see theit predictions ful- filled, that the war would ultimately becume so unpopu- Jar as to cause peace to be elon any terms. It is notenough that the alarming features of the present drain have now been removed by the discovery of one of ite principal causes. At every fatere opportunity the . Tt was tried att to create a ic will be phe Ee thongh jt has twice tailed, the result may some day be ent The question whether the war expenditure fe beyond the means of the country must, therefore, be boldly met. If it be upon a seale to involve a permanent drain of gold there is no alternative but to lower it, or to prepare our- eelves for that mitigated form of national bankruptey which consists in » suspension of apecie payments. Hap- pis, the capture of Sebastopol puts it into our power to imit or extend our operations at pleasure. While that remained to be effected, there wav 1 o choice but to go on, even if the yearly sacrifice were measured by hundreds of millions. But, apart trom all considerations of this tort, the nooaaalty for lta diminution will prove upon in- quiry to at presen out proof. The view origi- nally taken against the han not yet been set aside. It was that the stop which would be givea by war to the wild expenditure in foreign enterprises or loans which always takes place fn times of prosperity, might, probably, more than counteract oll the low to bo encountered in our new form of outlay—an impression eo far strengthened by the way in which money way about to be drawn from us: under the new system of guarantees by foreign a or corporations, as to render it actually a pe it for comsiderat whether we should not be indebted to Rusela for saving us from a new commercial crise, These modes of absorbing our surplus means being for the most part arrested, the quettion simply ix whether the annual profits of country from its trade, which the enemy cannot distord, are sufficient to meet the sum to be sunk in materials of destruction, and in the pay of thoxe who, diverted from ap ery labor, are em- Ley in connection with them’ Although the outlay on fifty pg millions has 4 serious sound, even when comyared ofr enormous commercial gains, it mast be borne in mind that there is @ very large portion of this which is not lost to the nation in any shape, Thos one of the heaviest items has been the chartering of rteniners, the ita of which have = to private indi- vidwale or companies, while the immediate com mercial loss has’ been small, owing to nation it jag itself meanwhile with ah spontotent comes “ot vont service, Ip Uke manner, all the heavy profits of ooatres tors, together with the additional wages earned. who but for government employ mint be work, the extra transport on wa ond « multitude of other things, must be deducted until we arrive at the mere net cost of the produce im- out ot ported for the manufacture of war materials, the cost of working them up, and the direct pay and ous- tenance of the forces; and even these are liable to a set- «ff, since the producing countries become better custom- ers tous in consequence, and much of tbe pay of the forces finds its way back to their facnilies, We must also estimate that the expenditure of our enemy is heavy; that it takes place in gold; and that we share to a very consideraple extent, although indirectly, the advantages af the purchases he is compelled to make from western urove. Hence there is inherent reason to avoid any hasty assumption that the war is too much for our mer- cantiie strength, and experience bas thus far sup- rorted theory. ‘Thiough nearly two years we have been unusually fiee from monetary disturbance, and, although our expenses were as heavy six months back as now, they did not prevent the buliion in the Bank from increasing from £12,162,496 on the 20th of January to £18,018,576 on the 20th of June last, while at present it not only stands above the January limit, but is fully equal to the total br ld just after the Sor Seaen. to adopt the conclusion that the drain of £3,000,000 during the past six weeks must be the result of the war was, therefore, obviously premature, It was unsu| in deed, by any carual citcumstances, since the previous gold bupply had apparently not been iacreared by any ac: cidental occurrence-, the Australian remittances paving shown no fluctuations, while from California they been below the amount uy which there is reason to calculate for the future. expenditure of the popula- tion, moreover, has been equally uniform, and their ae portations, in fact, of late have’ been rather under en cover their requirements. It may consequently be repeated that, although the effects of the Turkish loan and of the recent gr ia pur- chases, together with those of the unbroken sat ee silver for India and China, the perplexities consequent upon the sf Lac pgay the Bank of Fran:e, and the certainty of a pew loan ing required by the English government im the spring, are all causes which must ex- ercise for some an adverse influence, our prospects are not only a4 sound us they were la :ely described to be, but that the convictions then entertained have received additional weight from the fact of the nparesiales Movements ot the bank havi failed to produce & single sign of commercial uneasi- ness. That the ultimate effects of the war expenditure on the currency ts a problem which time alume can solve, and that it calls for the vtmoat watehf' of the government, is not to be denied. If ever it should present danger, the only remedy must be a reduction, since it capnot be touched by @ constant advance in the rate of discount, which, in fact, would merely check the com- merce that forms our beat de ‘ence. The premonitory indications, however, would be likely to be gradual; and although at Vienna, Berlin and St. Petersburg the high- est copgraculations have donbtless been current upon disturbances of the past few weeks, and the causes as- for them, there is full reason to hope that the fiuancial vigor of the country, under our aystem of free trade and a convertible currency, is equal to much great- er trials than any to which it has yet been exposed, (F:om the London Chronicle, Oet. 4. ‘The acceptances of Messrs. De Lisle, Janvrin & De Lisle were returued this afternoon, to the dee; t of many. The house was a very old one, and ‘esteemed. ‘hey have a branch at Rio Janeiro, another at Montreal, and correspondents at Guernsey and Jersey. Their liabi- lities are estimated at about 000. This suspension produced @ very unpleasant fveling in the city, and, in connection with a variety of rumora which could not be traced to any source, created # gloomy iinpression; the continued tightness of money and the export of gold ten materially to cause unpleasant anticipations, which the know’ that the present unfavorable posi- iicn of the market is quite unconnected with ordinary business operations failed to counteract. Messrs. Hankey & Co., late in the afternoon, aunounced that they would protect the drafts of the Commercial Bank of Guernsey rawn upon Messrs. De Lisle. ‘There has to-day been increased tightness in the money market, and the current rates have been tuliy five per cent. The demand increases insteed of diminishing, and the tightness uppeara destined to be much more severe- ly experienced. ¢ recent extensive shipments of gold to the Continent, t which we have so often and, as we are informed, profitably directed public attention, will, we have gocd renson to know, atili be for some time toc’ me a source of anxiety and to some persons perplexi- ty. ‘hese operations, as we have before mentioned, totally unconnected with trade, Had they reference to ecmmercial trapaactions they would have shown it in the excbsvges, but they have not done #0. It has been swid ponte! ae thus sent @brosd will shortly come back ¢ matter is so full of intercet, as we remarked YY, that too much attention cannot be given to it, and knowing its importance we bave devoted considera- bie time to its consideration. After further endeavors to investigate these operations, and to trace them from their source to their end, we have arrived at the fact that negotiatiyns, for further exportations of gold, under precieely “similar circumstances, — have been ained, and that the shipments will continue. We have every reason to lieve that they will be of very large amounts, and extend over some period of time.” The negotiations themselves, and the transmis sions of the gold, indeed everything relating to the mat ter, are conducted with great cireumspection and secresy ‘That the wants of France have by these means been sup plied, there can be little doubt, but the shipments are not foes aren to thet country. They aredestined far Russia, Not only do circumstances, which have unavoidably trans- pired, denote this, but there are reasons which make this not merely @ probability but a certainty. There are two great secrets embodied in these transactions. They are— where does the gold go to, and how is it paid for? The first is readily answered, by the general wants of Euro- pean governments for war purposes; but the second is sulla mystery. We know that the gold is paid for by bank notes, and they are obtained by means of foreign bills drawn on London; but the rest of the operation is sedulously preserved from investigation. Are means found to pay these demands by the sale of securitfos, &ec. ¢ ‘There certainly bas not been a pressure of stock thrown on the London market, Although we cannot discover the whole course of p oceeding, we do know that these thipments will be reuewed, and that the gold so sent abroad will not come back again. [From the London Chrenicle, Oct. 6, Wewould particularly direct the attention of the mone- tary and commercial intorests to the bank returns of this evening, made up to last Satuiday. ‘They will be found to present most important features, well deserving their special attention, It will be found that there was Inst week a further demand made upon the bank for diecounts, e., to the extent of £1,400,000 sterling, which brings the total up to within a fraction of £20,000,000, an unprece- dented amount of liability to be provided for during a season of genefal inactivity of tebe, fhe enase of the enormous demand fer discount of late on the bank is traceable to the heavy drain upon the country for gold for shipment to the Continent. Besides what has been drawn direct from the bank, the exporters have pur- chased most of the late arrivals from Australia, &c. the preeent returns thow a farther diminution in the stock of bullion of £29,679. The decrease would, of course, have teen greater, Lut thas a very large amount hail been obtained in the market, There are several other large alterations expected in the returns, but hy have reference to the two items above referred to. appearance of this statewent at once exonerates the directors from the charge brought against them by some of our contempora- ries, of baving indiserestly and inconsiderately inter- fered with the interests of traders by raising the rate of dlzcount yenterday. From the London News, Oct. 4.) ‘The English fands to-day have experienced a further fall of 34 to 3g per cent, and closed flatly at the lowest oint of the day. large salen made daily by the ‘ank of England more than counterac: the steady invest- mente of the public. A decidedly depressing effect is alvo produced by the knowledge that the wit! 1 of gold from thin country for account of the Bank of France con- tinues unchecked. Upon this important subject we can mention some facts of moment. ‘In addition to the first contract for £1,(00,000 in gold for that establishment, the completion of which has already been recorded, « further contract for the supply of an additional sum’ of no lees than thiee millions sterling in gold has, we are in- formed, been taken in Londen, and is now in courte of execution, The ultimate lose accruing to the Bank of France from the premium which it is Paying for thi+ gold will be, itis presumed, considerable, and although the trat contract is alleged to have been met bona file by bills on London which were lying in Paris, and by remittances of silver, it is diffeult to understand how the Bank of France proposes to give thix country an equivalent, in the natural course of trade, for these enormous additional amounts of gold, To some extent the present efilux may be re- arded as a virtual discounting on French unt of ture arrivals of the prectous metal from Australla and California, but it is evident that anticipations of thie nature must be involved to some extent in uncertainty. ‘The drain, however, is regarded as no: re rious, imperatively calling for a poliey of counter. action on the part of our money market. The gradual rise in the rate of discount here, it is satisfactory to se been attended by a decided improvement in the con tinental exchanges, and although the Bank of France hae hitherto continued its purchases in defiance of ti involved, it is hoped that a further rise in the vi money in London will impore a check. Under there cir- stances, many persons Re eng ® hope that the Bank of England will not postpone too long the announcement of a further rise in the rate of dixeount. The inconve- pience which may be occasioned to trade by such a rtep isto be regretted, but bears no proportion to the evils which + ensue should the extraordinary influence at prerent in operation upon the course of the precious metals be allowed to remain without correction. The eyparent unsoundness of the present policy of the Bank ot France, it is considered, ought not to delude us into neglect of judicious meaeures of preeaution. From the London News, Oct. 6.) As great Interest attaches to the present remarka bullfon operations of the Bank of France, ani 4» various erroneous statements have been put forward relative to the contracts entered between that establishment and houses on this side, « oritative recapitulation of the facts may be useful. We have to 1, then, that the firet contract was for forly millions £1,€00,000, and was taken by Messrs. R. Raphae! Forty days were allowed for the fulfilment of this con tract, but it wa# completed within a month from ita date, and the whole of transaction was thos termiasted pies Bed _ Lanta ee hy entire «am of £1.600,000, payable to Menars. for this gold, was defrayed, we informed, bills on pen lena fide transactions at Dolee, von Te maturity, ‘astoding bank a with some remit- tances in silver. In fact, the whole of thix operation eooms to have been ca: out without seonmmoda tion paper of any ion, and the real position of the waiver Would sppens to be that advaatege wer wakvo of every available debt due in the course of trade from Fag- to to the withdrawal of the forth ae ve Ore Incneta: London, Fecutiun e iors “the toe contract was taken premium per mifle, or 1, the Baaie of franoe. The premium by calculated tobe at ras about one per cent. ‘etl Yesterday’s rise in the Bank of count secms to bave produced very money market, Little or no business is done below the Fank minimum of 63 per cont; but although grest cau- tion continues to be evinced, money cannot tight, the supply being abundant’, distrust, com able cagermess ix shown to place money with the discount houses and banks st the high rates now allowed. The Lombard street discount houses nati- fied to-day that they will aliow 44, pereent “ut call calm attitude of the market at ‘the resent mement is to give way to ye te thus strengthened § that enabled, without inflicting serious injury on trade, to impose an efficient check upon the adverse ballion mcveruent until relief shall be derived from the expected errivals of Australian gold. Howsoever indiffereut the Bank of France may hitherto have seemed to the imme- diate loss accuring fro evident (hat pop y limit, and our best means of attaining this ly lies in a rive in the value of money in th must be remembered, however, that adopted yesterday by the Bai market, It the step so tardily ‘of France in raising their aute of discount from 4 to 5 per cent, has a tendency to counteract the defensive policy adopted by the Bank of Fogland, and thus it may ultimately conduce to the tenance of sicadiness in our market, if the commer- cial community will accustom themaelves to regard a fur- ther rise in the rate of discount a# not improbable, in the event of the last advance not proving sufficient. ‘The return of the Bank of England for the week ending Saturday, Sept. 29, when compared with the previous re- turn, shows the tcllowing resulta: — Circulation issue £20,368,255 Decrease £326,905 Cireulation active. 20,172,685 Increase 764,260 Public 8.144. 209 Decrease 245,685 Other 11,427,965 Increase 171,078 Government securities in yanking department... 12,125,026 Decrewse 979,041 Other securities in bank- ing departwent....... 19,915,703 Increase 2,408,485 Coin and bullion in both departments.......... 12,998,928 Decrease 220,679 ven day and other bills 1,001,743 Inerense 1,202 ‘The rest....sseseesess-. 9,670,125 Increase 12,018 The reserve (viz., notas and in banking department) + 6,766,245 Decrease 1,003,929 ‘The subjoined exhibits the extent of the week's varin- (ions at one vie Yublic deposita. LING, 683 Other deposte Notes and bi Government securities decreage 7,041 Other recurities ..,,...inerease 1,400,485 Coin and bullion, ,,....decrease £29,679 Total..... se eeee ees 1,652,168 £1,652,168 The changes here exhivited are again of a very unfa- vorable character—especially the increase of no less than £1,406,486 in the private securi ies, and the diminution of £1 003,929 in the reserve—and attest the severity of the pressure for money last week. The decrease in the bullion, it is satlafactory to perceive, is not ro rapid as of late, but the total amount now standing under that head is reduced below thirteen millions. The further decrease in the government securities is attributable to the sales of miock by the bank. In the weck embraced in this re. turn, it will be remembered the bank raised its rate of discount to five per cent, THE WAR. POSITION, MOVEMENTS AND PROSPECTS OF THE ARMIES IN THE CRIMEA. ‘The last official Teport the south side of He- Dbentopoi to be by detachments ot French ant Englirl: troops, who have had distinct quarters of the town as to them. ‘The Russians concentrated their forces in the northern forts, and were occasionally firing upon the town, to which the allies x0 from the two forte which re- mained intact, (Nickolagand Quarantine.) and from the ruins of other forw. Prince Gortecuakoff, in hix reports, Gescribes the fire of the allies as heavy. Trepsrations were making by the British and French engincers, by the sinking of immense mines, to destroy the rplendid decks, arsenals, and shipbuilding yore of Sebastopol, and thud uproot thes place oa a naval strong- held. Though there i no oficial information on the sub Ject—the allied generals, for obvions reasons, being silent as to their future operations—there are various premoni- tions of a vigorous campaign in the open field. It is uncertain, and will remain, so for some little time, which of these threatened attacks is the real, but there is quite enovgh in Prince Gortsehakoil’s despatches to w that he considers himself seriously threatened in tand on both tanks. Another significant fact ix that .e Fnglish land transport corps are in full activity; that the field batteries of the artillery are in marching order; (hat large numbers of the French cavalr ave embarked for Eupatoria; and by the telegraphic accounts from Vienna, it is that the allled doets had left Sebastopol on some secret expedition. it is again asserted from Vienua that the Russian army ie retreating. ‘The Fimes correspondent, writing on the 2Lat, is not at all sanguine that the Russians wil be forced tb sbearion their position on the approach of winter Prince Gortsebakofl, on the 234 ult., reported that 26.C00 men hed been landed at Eupatorla, and that on the 26th this force was increased to 33,00 men. He has since reported that “ imposing masses,’ of the allied troops continue to threaten the left wing of the Russian army, from the valley of Baidar, whilst a force amount- ing to between £0000 and 40,000 men threaten the right wing of the Karsians from Bupatoria. correspondent of the Daily News taker a different view. He eays = the belfef gains ground that the Russians are prepar ing to evacuate the north side of the hartor of Sebasto- pol. The extensive earthworks which have been lately constructed, and others in course of construction, are regarced ag +iimply intended tw cover the retreat, Protect the rear guard of the Russian army, Carts bave come in empty from the Mackenzie heights, and have gone away laden, it is supposed, with provisions, ‘There arrangements are uppored to indicate an in- tention to retire. It ir still understood that « combined movement 1s to fake place against the enemy's porition on the Mackenzie heights. A direct attack from Bak«bl- coral is spoken of, the approach from the south bein by arcute which is kept secret, and which wi have the effect of avoiding the enemy's fortified entrench- order which Prince Gortsehakoff has aid ressed to diers, the Prince admits a loss of from 609 to 1,000 men per day during the Jast thirty days continue to défend thé south wide, he says been to ex: the troops to be uselessly 1 concludes “yr ing:—'‘It is not Sebastopol in the enemy's bands, but burning ruins that we have ret fire to ourselves. bastopol enchained ux to ity with its fal! quire freedgm of action and a F commene tter from St. Petersburg states that the orsping the Emperor's departure for the South « grand neil was held, at which it was decided to carry on the war with the utmost energy. The Emperor went fron Moscow to Nikola‘eff, the vat Rusman naval depot on uxine, where, on the Sed wit., accompanied by the Grand Dukes Constantine, Nichclas and Michael, be made an inspection of the troops, fortifications and deckyards. The fortifications, it is stated, are to be greatly strengthened and extendet. Py telegraph we learn that the Czar has left Nikolalef for the Crimea; his object im proceeding thither being Goubtlose to ipepirit his forees by bis presence, and turn the tide in favor of Kassla. Various Russian apd Prussian accounts state that the war is to be carried on with the greatest determination, and that the Crimea is to ve defended to the last ex tremity. General Mouraviefl, who is now im Avia, will, it ie inti mated, take the of Prince Gortechakoff, who in to become Mininter of p Morcow advices state that 10,000 ncn hare been added to the military foree of Russia. [From the London Times, Oct Once more solicituée for the future must retorn t old place in the thoughts of the nation, and mingle with the recollections of past triumphs. The ruins of Sebuate yol are in the hands of the allies; a number of cannon and many thourand projectiles are among the apoile + that were pertiatly blown up may be repaired acd armed; but #till the great question of subsistence of the victorious army during the winter will be only par tielly solved by these Two contingencies are now before us—one, that the Kuseiann, having lost (be town, the arsenals, and the docks of rebastopol, will com sider {hat the maintenance of » fort and earthworks om the north ide will serve po purpose, while it will endan- ger the whole army of the Crimea, and most cerainly en ‘ail vast exertion and outlay during the eneuing months ‘lhe facilities with which the can transport a foree to apy point on the const early in the #pring murt be present to the minds of the Ruslan generale, and meke them anxious to reiniures the troops at Nicholaiel and on the lower Danube. ‘These ae the reasons whieh render even the evacuation of the whole Crirsen not improbable asa ment. On the ether hamd, there are not hich may lead to a determined rexictance there thotive which may urge the Cra view the most desperate resolutions—the feeling of patienal and mis . It may be something them te tpdoce the world a little longer te Kurvia has not entirely lost febastopel. The hoye to be able to their ground unti! winter, snd jodge that then the tiows of the allies will be delayed 4 an interval of which diplomacy tay make good use, the letter of our correepomien! ft will be seen thet » lief prevails in cacnp that the enemy will not relax without a etroggle thetr held of the northern forts ond the ridge they oveupy. Creat ore: of pre wdensy hel ond ohell, are ready for @ leony defeny: Uh Bowes te 0 bales ab deur wen works ad waomeiny 9 Oy er ite at Kast Halaklaca must continue tobe the } ites pared to defend the southern ride. begne are continually to © Adige, and, shontd all thts the most expenatre and surprising on recoré. There alvo extte an ides that the Allieware not ready to attack. Should the enemy be of this epinion, it wil net tall to strengthen bis ressbution to remain, For either con- tHegeney it in the daty of the Briel government to pro pare. Should the enemy maintain hia present porilinns v i extwent thatthe great tody of our army muet itil either re- niaim on the mpol where has eon cnesampad wo long, w tha’, port from which pies aredraun. The harbor of Sastopol must Fomain closet ax tong ax the Russians are in posession of the «a lattertes or wetil the rondhend iy cleared cf urecks, and thus there will’ $e no advantage, Gut @ poxilive inconvenience, in cecngying the place. Fyen putting aside the beatile efforta of the enems from the oppostte shore, it ix doubtful whether there be much that can be called hmvitable remat) ot the ec ne quered town, The Ereat works of cugineering science, the docks, the aclid batteries, may have cofied the flames, bat barracks and private houses mem either to have been totally deatreyed, or #o fax injured ax torequire more labor for their repeic than woulll construct new dwellings. As it nowappeare certain that the Kussdans will vot quit their positions without o fempsian, actual or menaced, and therefore no dispersion Brithsh force con tuke place, it becomes the duty of the govern- went and people to recur to those cruiderations which ted them before the exoitement of the last three weeks. It iso duty to take thought for thee things, even in the freshness of triumph. With a great general a vic- ut tbe beginning of ew labors; aud it will not tion to rest content with what it has done, n obstinat is opposed to it, with encrgion perhaps sharpene 4 Should the enemy abandon his last works the harbor of Pebaxtopol would be open, and tranaports might Innd pro- visions within a few yards of the allied troops, who might either find themselr cs dwellings in the town or be partly imped along the northern side. But this second con- though not ble, ought not to be regarded 1 nt the continuance of the works peseary m few weeks nince on ‘of the Turks and Sardinians, with « part of French, in the plain of Ralaklava, rendors absolutely y the completion of these enterprises, without which bay wil Ve forced to close up to the reat of the army, to the great discomfort of all and the diminished safety of the allied positi ms. The accounts given by owr correspondent of recent preparations for the winter mre net ensirety repsuring. The Guards were one day march- eddown to work on the roads, but when they arrived © vere £0 1oolr—no ppades, Bbovels, piokaxes or bar rows; and 10 they marched back again. A great part of lant year's warm clothing in irretrieva biy ruined, and the old stores must pot be relied upon; but “if the buts only arrive in time by the sailing ships in which they huve been stowed’ much of the severity of winter wil be disarmed. It is this speedy arrival which tve wish to insure, ‘The telegraph has now for some time been silent, and swe hinve a right to sugur.from the retionnce of the Cane: rals that they have something to conceal. Indeed, it ix haidly to be supposed that a commander with the vigor and resclution of Marshul Pelivier would aitow the nix weeks of fine weather which remain to pass away without an endeaver to complete his vietory and raire still higher the reputation of his country. The powerful fleet of the allies, consisting now, for the most part, of actew vessels, and the numberless transports of the Britivh ma rine, way, through the ehill acquired by a twelvemonth’s Cxperlenco, land ins few days s powerful foroe at any point whenceit might be desirable to operate. Ax tou direct ance on the Russians there are various opinions. met general is that, though a hazardou not to be undertaken without much cautio succeed, now (hat all the armies of the nlli berty. “Ihe chief difficulty is to obtain avee hiun' position, which, towards the svuth, may be compared ton great natural fortress. The plain of the Crimea rises gradually till it reaches the line of the ‘Tchernaya, and there ends in precipitous cliffs, almost perpendicular along many miles. On this commanding elevation the Rugslany nxe posted, and have increased the na‘ural ttrergth of the region by the artificial obstacles which they are so rkiiful in creating. Tue road down which they descended to the Tehernay id the Pass of Altodor, itary evrts, laden with a feint, is certainly feat, e eight miles further strongly fortified. It bereen that the French have made « roconnals fance on the extreme right, and that they are con structing roads fiom the Valley of /Maidar up to the plateau of the Upper Belbek, Closer to Sebastopol the works of the enemy are even more numerous and formid able. It is probable that if the Generals contemplate any attack from the south theygwould have to makes eng detorr; but, should they be rucces#ful io gaining the platesu in force, there can be little bt that the Rursians weuld noon be compelled to abandon their post- tions. “the other alternative is « new landing and - vance from come peinton the western coast, which would merece the rear and the retreat of the enemy. In this care, ehould the allies have to fight another battle of the Alma, we might trust that the valor which has onee pre vailed would be again equally euccesstul, However, the opinion still ls (hai the ailies may not be strong enough in men or means of transport to effect any great diversion of this kind. In vithicr case, a campaign of some weeks must take place, mnd ite conclusion would find our army fatigued and requiring rest RUSSIAN VERSION OF THE CAPTURE OF BEBASTOPOL. The first Russian version of tbe fall of Seba contained in the following go Prince Gortachako to his tre report of the progress of the » pe Russe. — ORAL ORDER ADVRISTED TO THK ARMY OF TID Sony, AND TO 111% LAND ASD "kA TRooms 18 Thai CRrema Hrap-quarnens, Hmome oy Dvaneatayy, by tie ) V ITY OF Senastorot, Aug. 0 (Sept. 12 Valiant Comra: the 12th of September last y: a strung enemy's army appeared bere the walle vastopol. Lenpite its numerical superiority, dexpite th abrence of obstacles which military science might have to {tin the town, that army did not dare attack it openly literally, with’an open force), and undertook « reghiar binge. Hince then, despite the formidable force at of our encinies, who by their numerous ships tantly received seinforcements, artillery and ammunition for eleven months and a balf, all their elforts failed before your bravery and firmness. It ix ® fact unexampled la military annals, that » town hastily fortified, in presence of the enemy, should have been able to hold out so long againat a force, the meons of attack of which have exceed everything that hitherto could have been fyroseen in calculations of this natere. And with means so enormous and of such a description, after the ruinous effects ct an artillery of colossal dimen- sions, continued for nive months, the enemy having fre quently bad recourse to prolonged bemnbardmernts of the town, firing on each oceasion many hundred thousand rounds, they became convinced of the (nadqquacy af thelr efloria, and resolved to take Pebastopol by & combat, iveom ploie published in the Jn- 0 dispomal On the 6th (18th) of June they mace the asrault on different rides, entering couraged 10 the ou received ther with intrepid they were ck op all points in the most brill “Lue cheek fareed mtinuatir their first plan of siege, maltiplyiog thelr batteries Increasit dr activity of their trench works and min ing operations. Mince the memorable uyon whieh you repulsed the rault (wo months and a hall have elapadd, durlng whieh, immated by sentiments of duty and of love to the throne end to your country, you ba oleally disputed each f grownd, torcing the 4 by foot. eying with torrent credible loss of smmunition for each yard of ground they ined. # in thin obstinate defence your courage ai the ecntrary, it rore to the highest degree of if your intrepidity and your patlenc f denial were with out bounds, there are such in the nature of the ponsibili ty of cof An the approathes of the enemy gradually advon<c, thelr batterfos were ereeted ngarer the walle The cicle of fie whieh surrounded Sobestopol grew ly varsower, and sent death aor destruction upon the our defenders still further into the town antag? of the superiority of thelr fire at shor! range, the enemy, after the concentrated section of thetr artifiery for thirty days—whieh cost our garrison from [00 to, men per day-weomnmenced that terrible bombardment (Lembardement. denfer) from thelr inn merotte engines of war, and of calibre hitherto un kaowe, whieh destroyed out detraces, hich had been repalzed at night wit FPpee adoro ‘at grest loss, wn ie the incitesant fre enemy—the principal work the Ko ubt, om Malako@ hill (the key of Febestopol. point the whole town, ) ing @* perienced conrider eparadle damage. "continue, under there tances the defence of fae ronth side, would have to exyone our troopa Gelly to @ urelers butchery, end thelr preservation ix todsy, more than éver, necewary to the Emperor of PRarela For there reascne, with sorrow in my heart, bat with a toll cor vietion, I rescived t evacuate Sebastopol, and take over the troupe to the north ade by the bridge con- vi teforeband ever the bey amt bd bal ime the enemy, beholding, om the 27th of August #1 10-30, the helf-ruinas be 1h om Rastions (Peden). ‘and after aberut three hours, wpm Hestion No. 6, and the Hetkin and Schwarts Reloubts Of these mx attacks, fy Heme of the pointe of at'a on which the ye he eremted ie wringing fying bridges, baw! a at verious time tere © remained finally ours reiaken, Hot (be doubt, more damaged tha others by (he bewierd went, was taken by the French, whe broagat mare thaw 26,00) men againat it, and coul! not beretaber, after the great loses we had sufferet at (be cotomencemen' of Ube combat, for it would have been nesewary Wy ascend im the widet of the ruine a very etety incline, amd thea cross a narrow ridge above s deep (teh on the rear face new pled by the French. Such em undertaking might have revenied ws achieving the propemed object, aad would cont us, without the elightert oult, inealentable be sttempt wae the more nections aa, for reasons al ready mentioned, | hat resolvel to evacuate the place ‘The elore, an the wuccees of the enemy was confined to the ole capture of the Koruiief redowht, | ordered that po #iteck rbeuld be made on that redoubt, and to remain in fromt of it, to ny continostion f the eaemy « etek on he town an order which wae eareuied deapite all the eflorte of the French to get beyond the of the redoubt. At Conk the te were ordered w retire, scouting to the aerm previewsly mate ‘The complies of brevery you gave fering that dey ve comrades, aroured wach o teling of ihe enepry that, Cenpite the hocwlelge (bey wrt bare nowt within range of $ Our troops PRICE TWO CENTS, bad of our retreat by the expleston of our mines, whict> exploded one after the other na they gradually retreated, they not omby did not pursue as ty columns, huteven ceased firimg with their aetilfery, which they Might have continued with impunity, ‘olhent comrades, it te ful, ithe herd to loave Be- bastopodin the enemy's ands.” But romeneber the aac- rifts wemade upon the ster of our eountry in 1812. Moscow waa eurely au Valuable ae Seber —we aban- done tt after the immortal batt © of Horedino. ‘The de- fenee of Sebastopol during 20 days is superior to Bore- dino, amd when the enemy entired Moscow in that great cnr of Why ¢ ly found dewpe of stoner omd mebow. ikewise it iv nor Sebastopol whieh we have left to them, but the burning ruins of the tows, which we ourselves wet fire te. haviog maintain of the defeuce tu euch # wvonees that iidrow may re- call the rewembinnce thereof with pride to all . Febastopel Kept vs chained to ite walling wih te 2 we wequire tpsotonn of movement, oa 8 new war Com. Wence+—a war in the open Gobi, thet moet congenial ) the Rassicn eeidior, Let us prove thetanperser ‘owe ) prove to Puasa, that we are atitl Gobued with Che spirit which animated our oncertors in oor memorable and patriotic struggle. Wherever the euecyy may olf we will present our breasts to hi wative land ay we defended it in 181. Vaillant warriors ef the laud aud vor forces, in the ramo of the Fmpersr 1 thank you for the unexampled courage, firme: constancy you have displayed du- Ling the riege of hebastopol. (Here follow the names of the officers In thos expreming the gratitude your worthy com wanders are entitied to whe aro atill living, let us alse prades, those who have fallen honorably tor for our country on the rainparts of Seban- our feith remember the mmorta! names of Nae ’ au examyle to Lab future genera. lowing from Vrince Gortschakof"s dinay of the siege: A 1g. 24 (Sept. 5). ACOA. M. the enemy opened a veey ut cannonade bombardawnt against the Orst ond eroond rections r line of defence; their batterter pur works on the right equally well sustained about 20M. amd te ing. “4 Loure, according to the cheer en from the telegraph, the enemy fired about: 70 COO cannon Dally and 16.000 ehella ‘Vhia terrible fire caused great damage to our ery ceially 10 tho Fehwarts redoubt, to bastion No. baad to the Feikine battery Luring the night, despite the well eustained fire of the t We toke the fol Lerlegers, (he gariiron of Pebastopol repaired se much es possible th age dene & portion of the dismounted guns were replaced. y ‘The works of the besiegers did not advance; Yhay buried themselves in repaliing the damage dome to there batteries Af woribing the Greon the (th nnd 7th of Septem ary wtope at the Bit, with thecbservation that vehakolt will seud a special report of the day. y in tbat on the 11th of September the (A. vesrels were eupk, by orver of the Commander im Chiet—Tke Viadimir, Crimes, Cherroncse, Bessarabia, Gromonossets, Hborous, Danube, Turk and Gronzy. Thode gunn were fret taken out of them, ‘The report concludes aa follows :-— Aug. 41, (Hept. 14.)—On the Tet (Sept. 19) the fired but little, They attempted to open fire with mar- tars placed mt the lading place enlled Grafakala Vris- tane. On the same day the advanced poste of our lett wing observed that two camps had been established im the valiey of Paidar, near the villege of the Cossacks, om the road from Ouzenbaschik t) Ourkousta, in which were vix squadrons of cavalry and five battalions of infantry, with artillery. MANIFESTO OF THE EMPEROR ALEXANDER. On the 0th of Beptember, the Exnperor of Russia ad- dressed the following reseripl to Count Zakrewsky, Mii- tary Governor of Moscow: — Count Avene Andreivitch—Since my accession to the throne of may ancestors, it bay been my Ii dovire to vinit my anclent capital, that and reatdenor where { wan born aud where | received baptiam under te protection of the relics of the blewed Alexis, the thaa- maturgun of Moscow Having today satisfied that desire, | have witnessed tent ratixfaction the cordial and sincere hich the tnhat 7 reception of mys me which Iw O eRprens my stncere grat poveiation of Moscow, and tw 1 Mis happiness would have if recent events had not dimmed the eatts- y teeuta, a aesure them of ty good w been complet fection « m hear. of proof succesfully repulsed six over to the north aide o! town, only leaving “blood stalped reins” tothe enemy, The garrison of Hebastapel n could do, tand prevent events as the iipenetrable vitence, which hae given © year of aad Huseia. ot Russia bas supported still greater trials, and the Lord, in His great merey, has always given her histacit support. Let us, therefore, now abo place our trust im Him. Ke will Cefend orthodox Russia, who has taken up arme for a just caure—for the cause of « heiatigalty. ie great on tlon to me to see the unceasing prowte which all men ave giving in thelr readiness to secrifies their property thelr farnities, and even the leat drop of their blood, for the maintenance of the integrity of the empire snd for the national honor Tt ie In the manifertation of there sentiments of the ma- jin (hese sete that I derive strengths an! console and, pee ya | myrelf inseparably with my heart to ole and falthful people, repeat, patting my trust in the help and grace of the Almighty, the words of the Emperor Alexander 1. Where right in, there ty God also.’ Lam ever and invariably yours, ALEXANDER, tion ot yh of courege describes the mm the oid occupy & line semicircle rows of ot pall promom hain of mountains of Kaseians, com r© divisions, Is povted Lehind that line, am tory Tebatir sisting of the platean of the Betbek, and facing the south. The right wing ti <0d of 9 considerable corps, oe- ying (on the h side of Mebastopol) the citadel of , and forts Catherine, Altoder and the chain of the Teherkee Kamnan. a far aa the rouree of the Belbek and the mountale Yalte ‘The army of recerve ia wtationed at Hakabines 1 tn eropel. Other troops maintain the cominunirstiona Extwern the principe and three other eorpa— 7 namely, the one before Kerteh, with ite right wing at Kalla and its left at Arabat another in observation be- fore Vuyatoria; and the third, consisting of at least 40, 9 men, protects Terekop. Tue Ruslan troops in the Crimea 9111) posters two roads by which they ean eon nicate with Hussia, the one paacing by the lethmus of Yerekop, and the other by the Uriige of Tehongar «tron the Fulrid Hen. THE SOUTH SIDE OF SEBASTOPOL. IMMENSE DEFENCE PREPARATIONS OF THY BUSHLAND —nOW THEY WORK UNORA rint—communica- TION WITH THK INTERION— #UrrL. AND REIN VORCEMENTR THE FRENCH DOMBAROMENT, (Yebastopol (¥eyt. 4%) Correspondence of the Lontum The enemy persist in ¢ ip form\table earthworks en the north ride, and ok 0 10) from Kapton ber 27 tll October 17, 1864, ant ree them preparing Uhetr defences, with the onvietion that we shall be able tocarry them, or map up to them, or take them In sume way of other in A year or two. Meantime, the weather comes in with a word of ite own, and mays 0 one a deraling Cenersia Stp! as you have wailed so lage, went ist you move now,” 1 began 10 Pala om Tinh Coe after 12 o'clock, and ihe camp rpeedily looked as gloomy, Plath, and wretched ac wae ite wont during the winter. + acormpanios these beavy falls of rele im are exerytions, and S bhew tod The ground was rapidly vornedt lote the known Febaatoyel paste farwur for ite aAlenive thee, never to be thaken or Aoff by any serubuing, weebing ‘he only operation by which i wuceumbe. Every one who [+ obliged to walk forth ta hobbling about on tw . extensions which form and increase at every tey be moved coder (heer lreumatanens ; thent sil easy to handle cavalry, ofeouy wake any great progress in 4 rie proceedings of the Tastane all dey of 3th were 1 could doen Crom bimpberope'. st thie locality, which must be cme teeth beeen teed ot Karwisebll. The carte a " ven Ghich are pow apparently coou omy provivions, keep aicng the read which prams ttedet an) winds slong (he ep oC the Cidge pear the om. ant when they descend that rite they are lowt to sight, and do mt reappear. If Gey @ere going to the Aryor they ‘evil beep far more aeay ty var take the road which # nemrly parellel to the vide of (he vondatal A fame. Thea carta are vo seen oot only wt the greet hewn betwen #7 Cotherine aod Hellandia, but at Ube eltatel and at Vort Coneantian woh it walsh wom ae if they canoe empty ont went away beovily laden. The punter of thee ii ohio are pot creaking bum bering ars! ly oxen, bw well driven by wltiiers, aed on iy horned, as be remiered epperent by the speed with whirh they trate «hoe set on w teen bn ited wt Unews from ¢ Large heogerine which the ewe . Give Ww empty vo yee ow ( wig @