The New York Herald Newspaper, November 25, 1855, Page 2

“themselves. ficance. The New York Herald, a journal be partial to England, calls attention to the circumstance, that au American engineer has lat been engaged by Russia to take the direction of the steamers in the Russian navy—that the con- tract was openly entered into, the terms ostenta- tiously announced, and that Mr. Thompson, the in- dividual in question, had goue to Washington to conclude the terms of his agreement with the Ras sian Minister himself. Here is the very gase in int. The Russian Minister does that openly, and itherto without rebuke, for which Mr. Crampton, on mere icion, is being hunted from American wil. One thing is clear, if action is taken in the matter at all, both ministers must leave America on the same day, unless the United States openly pro- claim herself the friend and ally of Russia, We have no fear of either of these events hap- pening. If our Government have been as tempe- rate and forbearing in their replies as they are re- presented to have been, the misapprehension on which the whole affair was founded nrust speedily be explained, and the angry feelings to which that misapprehension gave rise, subside. So far as di- rect action is concerved, there is no cause to impagn the good faith of the american government. A striking instance of this is contained in the accoants which have just come to hand, The British consul at New York, acting i aecayr upon some infor- mation received, complained of a vessel that was about leaving the harbor of New York under sus- picious circumstances, It was apprehended that the had been fitted out as a priviteer, her owners having accepted letters of marque from the Em- ad of Russia, and the rumor was that she was tended to acize upon some of the steamers that ply between America and Great Britain. The an- thorities at New York acted with the greatest promptitude. The vessel was detained, explanations were called for, and it was not until those explana- tions proved satisfactory to the Hritish Consul him- self that the vessel was allowed to proceed on her voyage. Itis by stich acts of national good faith that the characters of both countries are elevated, and that the bonds of amity, which have now so long subsisted, become strengthenea. And we may add, these are the acts which we should expect from our trans-Atlantic kinsmen. * Whatever may be the case witha few trading politicians, the petnle at large have no interest in the war now unhappily raging in Europe. It is not to be expected they should take part with either side; but leasMof all have they an in- terest with Russia. No interest of theirs, either political or social, is to be advanced by Russian guccess—none to be injured by Russian defeat. Baccaneers and filibusters might reap a profitable harvest in the coufusion; but the nation at large have no interest in their gain, esp lly as that gain would be accompanied by great and sevious, and it may be irreparable, loss to vast masses among The interests of both people are 80 thoroughly bound up in the preservation of peace, that we can hardly realise the amount of folly on the part of their governments, or of heated parties on either side, that would force them into hostilities, in which, to say nothing of higher considerations, each has it in his power to do the other incalculable injury, without being able to make any permairent eonquest, or arive at a point where the war could be terminated, except by the thorough exhaustion of both sides. The Anti-Enlistment Flee of the Herald General Pierce as a Fiitbuster aud encur~ mon ist. {From the London Herald, ie By the latest advices from America we perceive that the threatened misunderst:nding between this government and that of the States, on the subject ea Minister's conduct respecting enlistment for British service within the Union, has not been materially aggravated, notwithstanding the very sincere efforts of the democratic press to fan the flame to the utmost. Most of the journals through- out the Union are silent upon the subject altogether. The New York Heravp still keeps up a sort of ranning fire; but it is tolerably clear the populer feeling is not touched in this matter, and notwithstanding the very disreputable attempts to exasperate and inflame, on the part of a portion of the American press, we venture to predict the whole affair will, if not grossly mismanaged, speedi- ly blow over. Indeed, our belief in the good sense of the great majority of the American people Jed us to this conclusion when we first noticed this affair some days since, and we have been confirmed ‘in that conclusion ef subsequent consideration and by the most recent intelligence of the state of public ay | amongst our trans-Atiantic friends. The truth is, a cry was wanted for the forthcoming elec- tions by a class who represent a small but very a minoriiy in the States, and the occasion afforded by a supposed infringement by England of a Sereniel ys law, the spirit of which is, on the admission of the Herald itself, actually infringed by Russia, was seized with avidity by that party, in hopes of creating bad blood between the “two | Wikies bi of profiting by the opportunity, wever brief and transitory. Mr. Crampton refers the whole affair to a “conspiracy of foreigners,” having the same object in view, and says he is prepared to show that such is the case. Even more Eatistactory than such proof is the fact that the attempt, however originating, to inflame the to countries, has failed, aud we shall be very mach surprised indeed if the whole affair does not ‘speedi- Jy die a natural death. Tt must be admitted, at the same time, that there gre members of the American government animated by sentiaents of irrational but relentless hostility to this country, and amongst those so possessed are to benumbered, we fear, the present head of the administration, and the Attorney-(leveral., Presi- dent Pierce's sentiments on the t of annexa- tion go, we believe, the entire lonetl of the Monroe doctrine, and it is generally posed his sympa- thies with the filibusters is rather more marked than befits either the honor or the dignity of the chief of the great American lepublic. The latter sentiment is, however, intelligible in General Pierce's case; he has been a soldier of fortune, thich, inthe West, may be taken to mean something more than a simple adventurer; perhaps, also something less than a filibuster. He served, if we mistake not, in the Mexican war, and it is said he has never lost the predatory disposition and pro- pensity there engendered or fostered. Be this as it may, Franklin Pierce's sentiments on most sabjects are no secret, and we esteem it a fortunate cireum- stance, first, that he has not, and never has had, much of a following inthe States; and, secondly, that his Presidency must soon cease and determine. It need not be concealed that Mr. Pierce bas en- deavored to press this foolish misunderstanding to @n open rupture between the governments, and might ‘ibly have suceceded but fur the prom ‘i- y and good feeling of Mr. Seoret: :y Marcy, who has evinced a very creditable ue- mire £2 consult the true interests of all parties. ‘Of Mr. Caleb Cushing we kuow little but that he 1s the American Attorney General, and the author of certain recent letters, more remay i bie for wumes i ing and absurd hostility to thie country than for jofzment, acumen, or legal ability. We should tave a much lower estimate of the sound sense of the American people than we do entertain, if we could Spiess them Capable of being inflaenced eir be: yy against tl at interest: «1 bombastic appeals to their worst passions. Such appeals we have already intimated do not set the feets and armies of t nations in hostile motion. War is @ serious business, not lightly undertaken by ra- tional men, and never withouta just cause anda deliberate calculation of the consequences, and no such cause has, thank God, yet risen between Bi gland and the United States of America, The up- shot of the matter is, that there is no foundation for,the report that the American Government have demanded the recall of our Minister at Washington, nor, in the event of such a demand being made, is it the intention of our goverament to appoint a sac- cessor to Mr. Crampton. In this matter Lord Cla- rendon has been, as it seems to us, much to blame. He placed Mr. Craropton, as we took occasion re cently to point out, in a hopeless dilemma. The Srunsigny tae of the States forbids eulistwent for foreign service in the Union. Mr. Crampton was instructed to procure recruits, but on no account to violate the American law. Like Iago’s advice to rigo, “ Put money i’ thy purse,” Lord Claren- don appears notto have been very nice as to the mode in which our ambassador was to comply with his instructions. An explanation ia due for this in- direct behavior, aud we trust that despatches are already on their way to Washington, in which the amende has been made, if itis, as it would seen to be, fairly due. War Principles ty) Engiand—The United ry fFrom the London * * ° * To say that if the war were popular, men would throw up lucrative employment to enlist in the ranks, is to misrepresent the circumstances of the war, and to misconstrne the ordinary feelings and motives of human nature. Had we been ‘round to the dust by foreign domination, 1i Frrata—were we threatened by an invasion, as in 1504—or were our avarice stimulated and our confidence raised by the prospect of a rich booty and a contemptible enemy, as in the late war between the United States and Mexico—such in- stances of devotion might be expected occasionally fo oecur; but not in a remote srieae, wears in defence of the principles of right and justice, with little to_ excite the ions or inflame the avarice of mankind, an which indeed more resembles the execution of judicial sentence than the triumph, ‘the variety, and the uncertainty of ordinary war. Mr. Cobden is very angry with the commendations—ful some, as he terms them—which have Leen bestowed = the people of England; but this very reflection, the war js not sich i as fo excite vulgar passions or enlist cae bal a re, should be alone sufficient to convince him those who, from a respect for right and justice in the abstract, evince a determina. von manfully to meet coming dangers before they ewvell to unmanageable dimensions. exhibit no ordina- NEW YORK HERALD, SUNDAY, NOVEMBER 25, 1856. ry qualities, and merit from every impartial writer and speaker no ordinary commendation. Mr. Cobdea tells us we may recruit by conscription, by vola tary enlistwent, or by bounty. He will not tell us which he prefers, and so he leaves the eng upon which he has not shed a single ray of light, to which he has not contributed a single fact or idea, | and from which he has not drawn any conclusion, to Jaunch forth ona theme on which he is always at home—abuse of the war and, as he calls them, war party. Such a distinction between the advo- cates of war aud peace does, indeed, exist in the Heuge of Commons; but nowhere else, and would not exist there if the people were granted an oppor- tunity of expressing their opinion at the hustings. England is to be governed by herself. We challeage Mr. Cobden to bring his cause before this ultimate court of appeal, and we should be glad to kaow how, on any popular principle, he can question either the jurisdiction or the soundness of the deci- sion. ‘The Russtans WUl Not Evacuate the Crimea. The following is the text of the order of the day, dated “Heights of Mackenzie, October 15,” by which Prince Gortschakoff announced to his troops his intention not to evacuate the Crimenigy His Imperial Mojesty, our master, havi ged m0 to thevk, in bis usme, and in the name of Russia, che Valiant Warriors who have defended the south side of Sebastopol with so much self-sscrifice, courage and per- reverance, ix persuaded that the army, after having acquired freedom of operations in the ‘field, will cov- tinve dy a) poseible efforts to defend the soil of holy Kuasia agaist the invasion of the enemy, Bat, ss it pleased the solicitude of the futher of the grent family (the army) to order, in his lofiy foresight, the construction of a bridge at Sebastopol, in order to spare at the last moment as much Russian dlood as possible, the Emperor has also fayested me with full powers to continue or cease the defeace of our postions in the Crimea, according to circumstances. Valiant war- riers! You know what our cuty is, We will not volun- tarily abandon this country, in which St, Viadimir re ce, after having been converted | he thinks, can y ve. But there are conditions which sometimes render Ue firmest rewbations impracticable and the qreates ifices wietess. ‘The Emperor hasdeigned to leave me the sole judgeof the moment at which we must change our tne of defence, if such be the willofGod It is for us to prove that we know how t justify the confi. dence of the Czar, who has come into our neighboriood to provide for the ¢efence of his country and the wants of his army. Have confidenee lu me, as you have hitherto bad during all the hours of trial which the .decrees of Providence have sent us. The Fremden Blatt learns “from an excellent source” that the Russian armies in the Crimea aud hefore Kars will pass the winter in their present can‘tonments.. Lieutenant-General Wrangel keeps open the communication between Simpheropol and Genitschi by means ofthe Arabat road. The army corps at aieff consists of 45,000 and that at Cherson of 35,000 men. The following telegraphic despatch has been sent from Nicolaieft to St. Petersburg, by order of the Emperor:— Nicotamyr, Oct. 29—9:40 P. M, ‘The number of the enemy’s vessela moored near the Spit of Kinburn is still diminishing; to-day there are not more tl 60 left. he ships that were stationed near Oczakoff, and a higher up, have moved nearer to the shore a’ Kin. and continue to take on beard troops, A ship of the line and two transporte—the latter having compleiel the embarkation of isen—havefweighed anchor and put to wen. ‘the numbor of tents on the Spit of Kinburn is also less than befure. ‘There are two steamers and five gunboats off Caps Stanislaff, in the embouchure of the Bug. The main body of the feet bas not changed its posi- tion. Prince Gortschakoff has transmitted to St. Peters- burg the following despatch from the Crimea:— Oct. 29—9 P. M. The enemy’s force kept its position at the villyge of Saki during the past night, but at 8 this morning it has again moved to Bupatoria. Our outposts have taken their former positions. Nothing remarkable has ocenrred on any other point, Movements of the Armies In the Crimean Whi Pesce be Made or War Continued, [From the London Globe, Nov. 9.) There are some curious symptoms in certain marters favorable to Russia at this moment. ‘he allied armies are reputed to be preparing to winter where they stand; November has arrived; and peace rumors fly about the Continent, born no one knows where, and expiring as mysteriously as they were born. Now it is Austria and Prussia who are concocting a mediatory proposal; now ft" is the Bavarian van der Pfordten and the Saxon van Beust, who are described as impressing on the mind of the Emperor Napoleon the astonishing and novel fact, that all Germany would support serious offers of peace; and that King Otho ia, like another distinguished person, an“ ill-used man.” Then we have great prominence given to Russian correspondence from Orta Korales, and head quarters of the Russian army in the Crimea, painting, in glowing colors, the fay and happy con- dition of the well fed Rassian soldier; so amply sup- plied, not only with bread and meat, bat pepper and cabbages, vinegar and meal, and “a measure of brandy double that of the French;” with time on his hands to improvise buts on architectara! princi- ples, anda “ sentiment du pittoresque.” Then the cavalry ave in admirable order; the innumerable herds of cattle astonish you with their good condi- tion; the pyramids of flour and forage are immense and imposing. In fact, Prince Gortvchakoff com- mands a healthy army, devoted and proud of its ser- vices—" its immortal épopée of eleven montha’”’—an army ready to dare new dangers, “ which will seem mere sport after the glorions hell of the Mdekoff? These words were written on the 1°.) 0 ! ber, two days before Prince Gortechakoff issued his or- der of the day, telling the army that the Emperor had given him full permission to hold or quit the Crimea—“ that country where St. Vladimir received the water of grace after being converted to Christi- anity.” Not willingly will we abandon this country, says the gallant Russian General ; but “ there are situations sometimes that render the firmest resolves impracticable, and the greatest sa:rifices useless,” he prudently adds, and docs not, as it was reported he did, declare that he will defend the Crimea to the last. No one who reads this ex- traordinary e can fail to be struck by its reserve, and the stress laid on the solicitude of the Emperor, who “ ordered the construction of a bridge” from the south to the north side of Sebas- topol, “so as to spare Rnssian blood as much as povsible.” The fact which Prince Gortschakod is most anxious to impress on his army is this— that he has power to retreat from the Crimea if he pleases; the fact which the ngwspaper correspond- ent from headquarters is anxious to overwheln ‘us with, is the efficiency and resolution of the Rus- sian army to keep its ground. Another newspaper correspondent, located at Simpheropol, writing on the @id October, eight days after the appearance of Gortschakoff’s order of the day, is equally safignine. He sflirms traly that the Russian po- sition in the Crimea is Fcry strong—that it is pro- longed from the northern forts to Stinpheropol, | with sts on the Belbek and Alma, so that aii possible operations are provided against. He ad- mite that the movement of the French upon Foti Sala caused the left wing of the Russians to march on Albat, and he looks calmly on the efforts made hy the Allies from Eupatoris. Thas, with impreg- nable positions and ample supplies, the Rassians, afford to dare the enemy to drive them from the Crimea. These are, at least, “curious facts,’ the more worthy of notice becanse they come direct from the evemy’s camp, from his headquarters, from_ his able commander; and are therefore the official view, or rather the view permitted by the officials, of the state of things in the Crimea. Yet side by side with these glowing pictgres of inexhaustible supplies and inexpugnable positions, we read in the Russian organ an elaborate article intended to, chow that England is waging a war of piracy, bri- gandage, devastation, in which France cannot afford to compromise her glory; that Russia desires an honorable peace; that France desires an honorable peace, but that England stops the way. “It is time that France ceased to shed her blood and spend her gold for an ally whose blood already fails, whose gold may fail to-morrow!” The real truth is, that either Russia desires peace, but is not yet willing to sucrender the objects contended for, or Russia de- sires that the world should think so; and, in the meantime, it is clear she is extremely hurt because “the journals, the statesmen” of the Allies have laid down the doctrine, that peace depends, not on them, but on Russia; and that peace will be accorded when Russia, soliciting it, agrees to the terms of the Allies. Prospects of Pence—Why the Allies are Innetive [Paris (Nov. 4) Correspondence of the london Chronicle.) The Austrian Gazette (formerly the Lloyd's) says:—Count Colloredo has —— the highly im- portant news that Rossia was disposed to sue for peace, even at the price of heavy sacrifices. This news is said to have been transmitted to Vienna by the Berlin Cabinet, which latter has also asked whether Austria was disposed to concert with Prussia, to recommend the Russian propositions to the attention of the Allied Powers. But seeing that the latter have declared, on several lona, their resolution to exclude Prussia from all participation in the future negotiations for peace, Count Collo- redo is charged, tney say, by his government, care- fully to examine the ground at Paris, and then to discuss this delicate question with the British overnment. It is added that Austria, very far from clining the co-operation of Prussia, has declare! on the contrary, that she regarded it as very de sirable and proper to hasten and secure the re-es- tablishment of general peace, These Russian propositions are said to be the re. sult of secret negotiations that have been going on for some weeks between Prussia and St. Petersburg. M. Bourqueney, it is added, is to look in at Berlin on his way back to his om at Vienna, and there dis- cose them with the Prussian Minister for Foreign Affairs, and put them into such a shape as may lead to a decisive retult. The greater hope is entertained of ro desirable a conclusion that the Western Powers have not talked of altering one iota of the bases laid down in the treaty of the 2d of December, notwith standing the fall of Sebastopol—so that the path is still open for Russia to treat of peuce ou most howor- able terms. These pacific visions are not, however, in vogue here; and, looking at the Emperor’s order for a fresh levy, considerable doubt is expressed whether Russia hervelf is sufficiently humbled to bave become really a partisan of the “ t-any-price ” school. Most probably these essays of the Prassian and ie Cea ‘wil! turn ont to be rather officieur an officiels. \ think the following may be taken as the only reclly official information vouchsafed to the public as to further operations in the Crimea. It is from the Moniteur de ? Armée :-— It gppears from the latest despatches received from the Crimea that the abundant rainy prevailing there had caused some modifications in the plau of operations projected by Marshal Peliasier for the close of the campaign. A part of the troops that had been destined to agsist in it have therefore re- sumed their old positions at Baidar and on the lines ofthe Tchernaya. The other part continues to ov- cupy strongly entrenched positions on the Tchamli aud in iront of the enemy. Everything, therefore, shows that the allied ar- mies are moving into winter quarters. One reason tor this step is probably that given ina letter in the Journal de Constantinople, which says the reson- naissances showed that the ground was impractica- ble for horses; and that, ne e mud and rain, the moment the troops left the Tchernaya Hey would be obliged to carry their water with em. England's Gaases of Quarrel! with Spain, Madrid (Noy. 3) Correspondence of London Pies.) ‘here are two cases respecting which our own and the Spanish government are at difference, and which, I regret to say, have each arrived at a stage which seems to threaten very seriously the frieadly relations between the too countries; and I have re son to think that Lord Howden has received in- structions relative to these circumstances and the possible result of the negotiations respecting them whieh will be very unpalateable to the Spanish go- vernment. The chief details of the above mentioned cases are as follows:—Mr. Boylan, an English merchant of great respectability, had been resident for fourtee” years in the island of Cuba, and was established ai Santiago de Cuba, where he carried on an ex- tensive commerce. About two years since lo was suddenly ordered by the authorities to leave the island. and proceeded to England to lay his case before his own government. It is said, thoagh no proofs whatever have been brought forward to back the mene that he was Laer by the Spanish authorities of being implicated in political intrigae which Mr. Boylan firmly denies, declaring, on the contrary, that he has never interfered or had any- thing to do with politics at all, and that his own in- terests were entirely bound up with the peace and prosperity of the island. It appears that our govern- ment took up Mr. Boylan’s case very strongly. He _ had been subjected to heavy losses by being obliged to abandon his large establishment in Cuba, and they insisted on the Spanish government muking him due reparation, The result of the negotiations which ensued was that the latter agreed to do so, and it was mutually ar- ranged that the case should be submitted to arbitra- tion, our government nominating Mr Muir, Eng- lish Consul at New Orleans, as their arbitrator, and the Spanish government the Marquis de Espana, then Governor of Santiago de Cuba, on their side. Mr. Boylan was also allowed to retarn to Cuba for a year to arrange his affiirs and abide the result of the arbitration ; but now comes the most serious part of the cage. In April last, before the result of the arbitration was known, and, indeed, before the English arbitrator had even arrived, Mr. Boylan received a peremptory order from the authorities of Santiago de Cuba to leave the island within eight days, the pretext for which was that he had not ful- filled the conditions on which he was allowed to return, the principal of which were that he must either take out a letter of naturalization (which would require him to change his religion), or must ap- ply to the Captain-General for special permission to rewaiu longer. The latter condition he had complied with, Lene memorialized the Caeare General, stating that he had found it impossible hitherto to dispose of his property there, and praying for fur- ther ‘time to allow him todoso. To this memorial ho answer was received, nor would the authorities of Santiago de Cuba allow Mr. Boylan to proceed to the Havana to lay his case before the Captain General, but he was put on board a French merchant vessel ut Santiago, nnd conveyed again to England The result of all this has been that Mr. Boylan is ruined, and that our government, naturally indig- nant at the conduct pursved by the Spanish authori- ties, after the two governments had agreed to sub- mit the whole case to arbitration, have demanded full and speedy satisfaction; and I believe that it has been formally intimated that the continuance of Sriendly relations between England and Spain may coe on these demands being promptiy complied with. The other cause is also avery serious one. A Spanish veesel called the Fernando Po, and owned by Barcelona houses, sailed from that port for Fer- nando Po, having cn board a great nunber of water casks, respecting which she possessed no document to prove that they were required for any lawful par- pose. She was captured by two English cruisers— the Dolphin, Lieutevant-Commander Webber, and the Minx, Lieutenant-Commender Roe—on suspicion of being employed in the slave trade, and was sent to Siara Leone for trial by the mixed commission there. The result is not yet known. The owners have addressed strong reclamations tothe govern- ent here, and among them is Don Domingo Moostich, who was long established on the Af- rican coast, and, according to the official reports of ovr authorities, was bn ed most exten- sively in the slave trade at ydah, and other parts. It came to the knowledge of our government that this person had been selected by the government here to fill the post of Governor of Fernando Po, which, lying in the bight of Biafra, and under the absolute sway of such a person, would become @ mere lepot for the convenience of slave tradere, and — strong —remonstrances were made against such an appotntment, in the face of the engagements existing between the two countries respecting the slave trade; but it ap- pears that the Spanish government persist in their intention, and that things have gone so far that our government have felt it necessary .to intimate that the appointment of Don Domingo Moistich as Go- vernor of Fernando Po will be regarded as tanta- mount to making that island a depot for slaves, and that it will be dealt with accordingly. Interesting Fi cial News. HIGH PRICh OF MONEY—THE DRAIN OF BULLION AND PRICE OF PRODUCE. [From the London Feonomist, Noy. 5.) duty of a wise physician, before he pronounces a v for @ disease, is carefully to study the causes Which have jed to ‘t. and the special symp- toms by which it is attended. Althouga ucre av be a general and well accredited mode of treating particular complaints, yet its application must be skilfully medified and varied according to the she. cial circumstances of the case in hand, and the constitution of the patient. It is the clumay (ick o the ignorant practitioner to have resort npon all oc- casions to some favorite nostrum, no mat! sr how true in general principle it may be, withoat discriu.'- nation; as it is the highest quality of learning and skill to study and to watch the peculiar symptoms of each care, and to treat it accordingly. ‘And this general principle applies to almost every act of life —it is, in point of fact, simply the difference between rule and routine, and the exercise of that fine discre- tion which can alone be acquired, even by the ablest, by careful study and patient investigation. The circumstances attendant npon the drain 0° gold, and the consequent monetary derangement oe the present oceasion, are dilfereut from a; which have happened in our day, and are much more difficult to be dealt with. “The years 18°, 1586 and 1847, the three periods of great monetary derangement within the experience of the present eneration of practical men, were all traceable to the same cause, and were all curable by the same remedy. each of those periods great excitement and speculation prevailed, and had preveiled for a long time. Prices of commodities had been driven up to an unusual rate; importations had accordingly been very extensive, and, as the fever began to de, cline, our warehouses were full of commoadities of all kinds, with enormous quantities still on the way in aie dag cd of orders which had Ween sento.t when the tide was at the full. These importations led to the eat And very large amounts of bills Dy bots eh and the presence of those bills in for- ign markets, to a general decline in the rates of ex- change; at home an unusual demand arose for aeccom- modation from bankers by merchants, to enable thea to meet their increased liabilities; while the large balance thus created against this country so re- duced the exchages that it be profitable to ex- port gold, and thus a drain was created at the very moment when an unusual demand for discounts ex isted at home. The core for this state of things was clear and simple. In fact, it may be said to have been inhe- rent in.iteelf; and that without any action on the part of the bank, it must soon have been corrected, thoogh with the aid of that action the cure was more certain and more rapid. Importations had been iw excess of consumption; stocks rapidly increased, prices fell, importations became unprofitable and were dimin’ |. Goods were alvindant, money cor- respondingly searce. The former fell in price, and the latter rose in value. Thus, large stocks, the dit- ticulty of making sales, the high price to be paid for accom: mn, all tended to a still greater reduc- tion of prices, until it became profitable to ex- port to other markets, while farther im- portations were neatly snspended. By these ope- rations—all the natural result of the actual ciream- corrected, and bullion again flowed into the bank a3 fastas it had flowed out. In Jaauary, 1847, the bullion in the bank was £15,000,000; on the 6th of Novewber it was reduced t) £5,478,000; and in March 1848, it bad in increased to £15,000,000. No doubt this 07 jon was attended with great lorses to individuals, as the early part of the speculative period had been attended with great gains. But those losses are the inevi- table resulta of overtrading; of supply being in excess of demand; avd of the necessity to sell by those whose capital is too limited to enable them to hold until the surplus stocks are gradually worked off, On such oocasions it is the fushion to inveigh against the bank,and to mictuke the re- sults of a too sanguine speculation for some indirect consequences of our monetary regulations. At such periods the cause of the drain was clear aud easily understocd, and its corrrection became simply a question of time under well recognised principles. Now, however, matters are entirely different. We have had no speculation, no overtrading, no excess of imports. We have no large stock of goods in our warehouses; on the contrary, they have seldom been so empty of some of the most importaut articles of consumption. Nay, so far from an excess of im- ports, most of the largest articles show in the pre- sent year a considerable decline, thas:— IMPORTED—JANUARY 1 TO SKPTEMIER 1, wy 1855. Corn and fiour of al! kinds, qrs.. 6,593,000 4,472,000 851,000 451) Viax, ewts vith, The Sugar, ewig. wos. Inder these circam: s not from speculation but from actual scarcity—for the most legitimate reason that the supply has been unequal to the demand. Thus, as it may be easily conceived, there hag been no unusnal abundance of bills on England abroad ; the exchanges, therefore, have not been adverse; but, notwi ding, we have had a great drain of bullion, and a more rapid inerease in the demand for accommodation at the Bank than bas been experienced for many years. The bullion hag sunk in a short period by more than £5,000,600, while the amount of bills under discount, has increased by nearly the same sum. Now it is quite clear that neither the oue nor the other is to be attributed to the opcrations of trade. The figures we have quoted show that so large an increase of bills has not been caused by our imports ; that a de- mand for bullion has not been created by a balance of trade against us, in the ordinary acceptation of the term. it isnot within the scope of our present remarks to trace the canses of these phenomena; bat those who have carefully perused the Hconomisi for the last wo months must fe familiar with them. Our ob- Ject now is to show that the same easy and simple cure as on former occasions is not at hand. We have no large stocks—on the contrary, our warchouses are bare—prices are not likely to materially low- er, in some cases they are rather likely to be higher. To taik, therefore, of isamening our imports in order to correct the exchanges, would only be to aggravate the present scarcity, further to enhance prices, and to give a new and certain impulse to importations; ard the refusal to discount bills connected with le- gittmate trade would only the more certainly lead to the export of gold to effect purchases, which would otherwire be made through the ordinary credits of business. While, therefore, the cause of the present drain differs from all former ones, and while the same ee eeae and sure remedy cannot be relied upon, yet itis certainly that, so far asregards the operations of trade, they are not oe to be so much impeded, nor are the sacrifices of merchants likely to bear any comparison with those which they suffered at former periods. So far as the price of produce is concerned, it cannot be said that any sacrifices of moment have been made, or are likely to be made; and, therefore, there is no reason to apprevend a recurrence either of the discredit or the ruin which involved the commercial classes in 1847. In these remarks we confine ourselves entirely to the posi- tion of produce, and in no way include the question of investments in shares of all kinds. The value of those must depend entirely upon the value of money, and their price must to a considerable ex- tent rise or fall as money is cheap or dear, and as other channels offer more or less temptation for its occupation. The same reasons which are likely to protect merchunts from losses on produce, viz., the smallness of the stocks and the necessity of importa- tions, are likely to lead to a reduction in the price of shares, by furnishing a more tempting and profit- able use for capital. TAF PRICE OF GOLD AND GRAIN IN EUROPE. ove the London Globe, Nov. 9.] Everybo y, expected an ultimate rise of prices from the gold discoveries in California and Austra- lia. And we do asruredly experience a rise of prices in the articles which most attract attention, because ‘hey are those of most indispensable necessity. ‘That rise we believe to have been owing in very con- siderable measure to the gold discoveries, from which a rise of prices was, as we have said, expected. But it has not taken pee in the manner expected. it has indeed taken place in so indirect a manner, that the whole result is popularly traced to the war, or to any other cause than that which we believe to have very mainly conduced to it. There can be no doubt that the war has contri- buted to raise the prices of agricultural produce in Western markets, in so far as it his checked preduction in Russia, and has also (with the assistance of the Russian government) obstructed the outlets for such produce as has been raised. But Ruesia is, after all, only one field of production, and its yield by no means proportioned to its extent. Russian inroads have indeed temporarily injured others, which are still open, such as the Danunian provinces; but the active and passive part of Rus- sia, and the direct and indirect effects of the war, will by no means entirely account for the present prices of the first necessaries of life throughout the commercial world. The best proof of this is that which js stated by a morning contemporary—the Daily Newe—viz., that in February, 1054, the price of wheat stood at 80s, 10d.; in November, 1853, it stood at 72s. 5d. Those high prices were not cansed by the war, which only began in March, 154. After the war was declared, in September, 1854, the price was 563. 7d. We must look farther back for the first sources of the deurness (which means comparative scarcity) of the first necessaries. And we agree with our above cited cotemporary in dg 3 this universal phe- nomencn in great measure to the aire she stimu- us afforded by the Californian and Australian gold iscovcries to commerce. To commerce—rather than, in the first instance to agricnlture. The stimlus is now acting on agricuiture likewise, But the growth of food is not accomplished in a day-—the seed is not put in at one end of the machine and the harvest drawn out of the other, after the manner of modern manufacturing operations. The first effect of the gold discoveries was to stimulate mining and trading ad venture to an extent uvprecedented. Since 1845, when the average price of wheat was about 50s., thc ps exports of Great Britain have risen from £52,000,000 to £97,000,000 in 1854. The exports from Hamburg and Bremen to Australia and the South Sea I rose irdiu ic°3 {#2 100,000 thalers in 1552 to 000 thalers in 1854. In the United States the operations of agriculture had slackened, while our enterprising kinsfolk were migrating to“ Californy,” driving the Pacific as we were driving the Australian trade, building ships, muking railroads, and adding year La year to their town population. Thus, throughout the commercial world, the numbers of consumers of agricultara! produce were increasing more rapidly than those of producers. The balance is now in course of b redressed. Throvghout the United States an British America, as well as in this country, an in- creased impulse has been given to cultivation. But the effect of the enhanced value of the first ne cessaries of life, as compared with all other pro- ducts, mining or manufacturing, has necessarily been slower in bringing a the supply to the demand than in the case of products which a: capable of immediate and indefinite multiplication by mere mechanical means. In a word, gold has been playing its vaval tricks; and, like the loadstoue mountain in the “ Arabian Nights,” has been looven- ing every screw of sober plodding industry by 1° overpowering attraction. Immense activity has everywhere been called into exercise; but the agri- cultdral base of operations has suffered some neg- leet. To this, which we cannot but regard one main source of the present dearth of agriculinral pro- duce and other articles of provision, # must be admitted that war taxation and war demand also contribute their share in raising prices. The opera- tions of increased customs or excise duties ix obvious. But the operation of increased expenditare for main taining native or foreign troops, &c., ia not quite equally so. It must, however, be plain, on a little reflection, that such a parcha er in the ‘ket aa the gover nment—with increased revenues, and loans he , to effect whatever purchases it will, and re strained by none of those prodential calculations which compel private capitalists to consider prices and profits in their operations, and cut their coat ac- cording to their cloth—must act considerably onthe prices cf all those articles of consnmptiou for which it bids, in ‘ee ee private consumers, on so immenre a scale. If, on the one hand, the cifect of war expenditure is to afford employment to wll those branches of industry which are en- gaged in supplying “ appliances and means” of warfare, on the other hand it abstracts from the general consumption, or the ene- ral pocket, that q antity of provisions, or the means of paying for them—which comes to ¢ the same thing—which it wants for its soldiers, British or foreign, and all other agents and instru- ments of warfare. An immense which may be term ed artificial increase of consumption is thus created —numbirs are maintained in the public service, ne ceasarily ona liberal scale, who would not be main- tained—or maintained more fruge from ate resources. Thus the public are firet taxed taxed stances of the moment—the exchanges were rapidly | for war expenditure, and ehen are taxed again in the enhanced prices which that expenditure una- voidably helps to create. ‘sa These are facts of the present situation, which must be looked in the face; not that we should sbrink from any sacrifice which the national honor and interests call for, but that we may not become the dupes of very shallow and mischievous delu- sions: We must not have millers, farmers, and bakers (as in revolutionary France of 1793-4) made responsible for prices, which they can no more con- trol. than any other class of the community. We must have none of that spirit which turns high rices into famine by “laws of maximum,” en- forced by metropolitan mobs. The bakers’ windows of Paris, at the Ce gy day, still exhibit gratings, which were reqt to protect them from the di- rect exercise of that pareiar fepikce! 32 which was flist exerted in compelling an unwilling Legis- lature to pass a Loi du mazimum,and then in taking vengeance on a class of tradesmen, more innocent victims than the sovereign people itself of the law it had made. _ LONDON MONRY MARKET. Nov. '—Noon.—An imp ovement of 1¢ per cent has taken place in the price of Consols this moretng, upoa the closing quotations of yesterday. Most other deserip- tions of stock in the English market indicate the same de gree of Sinprovement, and all have an upward tendene the rumors of a probable Swedish alliance with Wertern Powers supposed to have affected the f slightly, but the general opinion ia that the favoral ymptoms are caused by the continued purchases on t part of the public. Consols for money opened at 88%, ‘apidly rore to 88%, and are now 89; for the account they ure 88% anc 8934. Another cause which assists this im- rrovement is the expected satisfactory returns from the Bank of England this evening, The reduced 3 per cents sre quoted at 87%. 8844. juer bills have exchanged hands at 7 per cent discount. There have been moderate transactiona in foreign stocks, at a slight advance upon last quotations. Affairs on the Faris Bourse yesterday exhibited more activity than usual, and the ‘tone of the market was bucyant, with an advance of 1% to { per cent on the 3 per cent’ ren’es. In the share market, those ot the Bank of France slightly receded, and the Credit Mobiiier were quoted at 1,105. By tele; = from Madrid, we learn that the sale of the eal eccleriastical lands continues to go on very favorably, and the government is likely to realize a larger sum from. them than was at first anticipated. The particulars of the receipta at the Spanish treasury during the month of September have been published, and present a diminu- tion of fifteen millions of reals, compared with the cor- responding month of 1854. pon the subject of the tea trade, Mossrs. W. E. Franks & Sons stete as follows:— ; The increased tightness in the money market, immedi- ately afier the date of our last, producei a geueral de- pression, and great caution in commercial circles. From the uctavity of the previous month, the tea market be- came heavy snd inactive, and with the exception of the businessie the new seagon’s Gine tea, the transactions of the month have been limited to the actual wants of the trade. Gn the 19th ult, the deciston of the bank to charge 6 per cent on 60 days’ bills, and 7 per cent on longer dates, increaced the depression; this step, though preseing very heavy on the mercantile community, has succeeded for the present in preventing the contivuous drain of gold. great anxiety still prevails aa to our future monetary position, which, with the high prices of nearly all articles of consumption, will intuce great and neces- sary caution throughout’ the coming winter. There can, however, be no doubt that trade was never in a sounder state, and should our monetary affairs take a favorable turn, me may reasonably expect ac- tive and improving ' markets. The present state ofthe stock often is worthy of notice. Since our last the stock of tea in London shows a decrease of 2.999,00 as compared with the previous month; this consisting chiefly of common congou, which has been taken for ex- pert. The statistics of our exports for this season are remurkuble, a8 showing an immense excess over any pre- vious year. On. tho 10th October, 1854, our export to date was 5,627,783 Ibs., while on 30th September of the previous year, the actual export to date was 10,726,720 Ibs., an increase on the previous year of 6,098.987 Ibs. in April of the present year our stock was 59,366,00) )bs., which gradually increased from month to mouth uniil in July it reached 61,000,000 lbs., since which it ‘has gradually decreased to the present stock of 50,316,000 ‘bs. showing an excess of about 3,000,000 over last year. ‘Two o’clock P. M.—The funds are rather less firm, con- sols being 883¢ to 88% for money, ard 88% to 89 for uc- count. Ixehequer bills are 7s. to Js. discount. Bank stock is 207 to 208. Half-past three o’clock.—Tho English stock market i firm. Conkols are 88% to 88% for money, and 88% to 89 for December. JAMES M’HENRY & CO.’S CIRCULAR. Liverroot, Nov. 9, 1855. Provisioxs.—There have been fewer inquires for bacon, and it becomes evident that the high prices are checking consumption, which is turning to fresh meets. All feed: ing stuffs being at extravagant rates, farmers are at pro- vent forcing their stock on the warket at a considerable decline from last season. Beef and pork without change —the result of the government contract will be an- nounced next weck. Cheese now here ia ouly of mediam and inferior desciiptions—really fine would go off at 5és. to 688. Lard meets ready sale at 675. Ta1sow has advanced to 69s. with large sales ot the diffrent qualities, ana «me excitement. Brrapstcrss.—Within the Jast two or three days there bas been renewed excitement in all articles, and everyihing offering has been taken at an advance Red wheat, 12s. 9d. a 12; white wheat, 12s. 6d. a 13s. per 70 Ybs.; Western canal flour, 44s; Ohio, 468.; Baltimore and Philadelphia, 45s. per barrel. Indian Corn, 468. a 478, for mixed and yellow, and 60s. a 52s. for white. CorroN.—he market has beon active all the weelr, and the supply being very limited, holders have been enabled to obtain a further advance of a 3{d. per lb. To-day there is rather less doing, and the extreme rates of the week are scarcely obtainable. Business 18 better in Man- chester. Middling Orleans, 574. per b.; Mobile, 5 11-16d. ; Boweds, 55,0. of American, 194,202 bules; same time last year, 347,022 bales. Sales this week, '7/,580 pales, of which 48,040 American. BERMANN COX & 00.’8 CIRCULAR. Livenroot, Nov. 9, 1855. The Manchester market bas further improved, and in some departments an extensive business been done. Large purchases have been made ia shirt nd water twist for China, while a fair business bas been dove in yarn by German merchants, and some large ions uave taken place in piints and Ceri on Mexican ac- count. Yarns may be quoted about 444 per Ib. dearer, and the finer descriptions of cloth about the same; the heavier fabrics however can only be said to be more rale- able at last week's prices. Several of the largest spinners in Manchester have given notice of a reduction of wages, and it is feared a turn out will ensue, Nothing new in politics, The differences between this government and that of the United States are hkely to be amicably arranged. Money is abundant, and decidedly easier, but there ts yet no reduction in the high rates of discount; however, the position of the Bank ot Engtand is becoming stronger, und we way very shortly expect a relaxation ol the screw, Consols cloce to-duy at 88% 1%. BARING BROTHERS & (O.’8 CIRCULAR. Loxpox, Nov. 96 P. M. There has been a fair business in colovial and foreiga produce markets, withou’ change in prices, except in ugar and tallow. Money is easter. le leave off 88% a 887, for money, 887, a 89 for the account. Mexi can dollars, 4s. 113¢4:, nounal; bar silver, 6s. 74d., no- minal; South American doubloons, 74s. 64. AwRICAN ETOCKS continue in calm, with a limited business. Sellers of United States 6's, 1868, at 106; of Massachusetts Sterting at par; of Pennsylvania 6’s In. ecriptions at 73, Bonds at 80; ok Ving ia 6's at 85, Ster t 263 of Boston City ’a at 90. Buyers of Trond 6's at 88; of Maryland Sterling a 6s umprovi ag, 107%. EAL. —200 bags offerrd chiefly sold. Honduras— ack. de, 110. a6. 74.; silver wi hout change; Mexi- ds, 10d. @ 4s. 00 bag Trinidad have been placed at 66e, 6d. to 50s. fd, for good red. 860 bales have changed bands at firmer rates. 33d, to 8%. for middling to fair quality. Liverpcol prices have risen, and middling Orleans yos- terday wax quoted 5%d. a Gd. per Ib. ‘The Correk market is very firm. 500 casks, 260 bags plantation Ceylon, at public sale, realized 568. for fine Crd, and 698. a 61s. for low mid. ; 95 bags Costa Rica went from 588. a 65s. Privately there is more enquiry for na tive Ceylon kind, and sales to some extent have been made at (0s. €d. for ood ord, To-day there has been an setive detnand, and 82s, has been paid, the market clos- ing firm. efrech supply of English wheat at Tuesday's corn market wae thert, and it eld at an advance of 28. per qr. the prices of that day week: f ir de- mand, particnlarly the finer sorts; bi checked by the higher prices asked. wae 808. 11d. on 126,807 qra. return py of all kinds was short, aud the rates of Monday we fully sustaine’. We quote white American wheat 84s $7); red 80s. a Sir, per qr. American flour 43s. a 4 yer barrel. Hewe—Rassian without variation ard no business. Jote—0E8 ales at auction were nearly all disposed of from £16 10 ® £19 for middling to good fair. Isico.—The transactions very rmall, at last sales prices. Inox. —We have no change to notice in rails and bars. ‘cotch pigs, 75s, 64. for wixed Nos. on the Clyde. Lissmp.—The arrivals consist of 7,150 qra. from the Indiev. Purchases for arrival have been made at an sdvance of fully 1s. 64. per ar. Three cargoos of Besse rabia and Ramélia reed have been sold at 764. 34. a 75s, fd., ¢. f, & Ly, and one at 78s, 64., free delivered, On the spot, Black Sea seed is firmly held at 76s., Calontta at 76s. a Tie.) Bembay at 70s. a 80s, Linseed cakes find buyers wt fall ra Lesn.—There is no alteration, Gis—Sperm has risen to £197 per tun; in common fish nothing deing. For linseed there is a good enquiry a sst quotations, Rape unchanged, and little offering. A ange business bas been done in’ cocoanut, and 60s has cen paid for Cochin. Palm, 488. 9 50s. 20: in improved demand; 4,000 1 have fetch, ed 15s.97.0 142,04, for middling to good middling. Two float ing cargoes of Arracan have been soll at 12s. Od. a 12s, 1034d., and one of Moulmein at 13s. 34. fuw ienctively inquired bout 2,000 casks have changed hands; Leewards proof, 8, 24. for’brown, 9x, 1d. tor pale; Jamaica, 48, 2, a 48. 64. for yellow; apwaris of 1,000 casks Fast India, afloat, have been purchased for landing here at 2a, 94., proof. Ratinrine ie Dull; about 1,100 bags Bengal have chang. ed hands at 40s. for 23g per cent refr., aud 394, for 634 it. ee ein-otThe exottement altuded to tn our last has con- tinned, and we are able to quote an advance of fally 64. a Ts. on grocery qualities above prices of last Friday, the market closing rather quiet. ¢ rales of West India are 1,070 bhds.; 11,409 bags Mauritius have been sold pri- vately at 485, 6d. 0 698. 64. for very dark to good mid. brown, €0s. a 628. for mid. yellow; 3,000 bags Bengal from (2, 6d. for mid. yellow date, to 67s. €d. for fine low Cossipore; privately, 5,000 bags Native Mpdras to orrive, bas been taken at 47s. Of foreign. the only sales at auction are 220 bhds. Porto Rico, and 650 baxe Havana; by private contract sales have been made, a‘lont, of @ cargo ot 2,200 boxes Havana (No. 17), at 268. ; 1,390 tone Manila, at Sls. ; for unclayed, 34s.; for layed, deli. vered in Li |, 1,000 boxes (No. 12), Havana, bound for Antwerp, at 35s.,f..0. b., and 660 baskets No. 13 Ja-~ va, to arrive in Holland, at 60s., delivered here. On the spot, 1,560 boxes Havana (No. 1434), sold at 60s, and some reels lying in France, the particulars of which are not here bas Seon a further rita tallow; 68s. a 688. 64. on the spot; 60s, for the spring. TURPENTINE —A sale of rough, fine quality afloat, has been made at lis, 6d, American spirits, 89%, 0 89s, 6a. . DENNISTOUN & CO.’S CIRCULAR. eet LIVEREOOL, 3 Nov. 9, ee The money market has been quiet comparativel cary during the week, and discounts are obtainable at ¢ to 3s per cent under the bank rate. The drain of go from the Bank of England has been arrested, as well, we understand, as that irom the Bank of France ; and afier the sudden and revere action taken by these institutions, ‘we rather to find that the stocks of vultion in the Yaults of both are temporarily augmented. Along with this increase of ease in the money market, aad uotwith- standing the dearness of money, rouewed activity bas deen shown in nearly all commercial transactions. in particular, the upward movement in the prices of some articles Gf first necessity has continaed to make progress, and is deserving of serious attention, In the one article of sugar, the coat to the countrs, at present prices, of its supply tor the cowing year, would be no fess @ sum than £7,000,000 sterling, in excess of the cost of last year’s supply. ‘At Manchester there was an active demand on Tugada: last, particularly for goods suited to the China mark: ‘The’advance in cloths was raid to be dd per piece, and in yarns 243. to 369. per 1b. frcm the lowest point. ‘Cndols have advanced to 887% to 89. LONDON TRADE REPORT. ‘Taurspay Evexinc, Noy. 8.—Sugar.—The business on he spot has been restricted, owing to the snus! quantity fering. There have been no public auctions. and of Wert India the sales amount to only 200 hhds. Conside- ‘able purchases for this market have again been effected o day and late yesterday of sugars oo the Continent. ‘The ealer on arrival comprise also two cargoes of Manila, ‘ogether 600 tons, at 468, for Muscovado, and 534. for clare , and 6,000 bugs of Madras at 47x. per owt, Coffee. —The market for native Ceylon has advanced to 51s. for good ordinary quality; a good business has been done, and the closing sales at the price mentioned. Of planta: tion 280 casks were brought forward, the bulk of which found buyers at extreme rates. An Anglo-Brench Royal Marriage at any cost. [Paris (Nov. 8,) Correspondence of the Londoa Globe. ‘There is no news, but, en revanche, rumors by the bushel. The most glaring is, that the visit of the Duke of Cambridge to the Emperor has an object which will not a litile sarprise the English public— i.e., to negotiate a marriage between his sister, the Princess Mary, aud Prince Napoleon! Some apo- logy is perhaps due for mentioning a canard of such formidable dimensions, but it has been so persever- ingly circulated for the last montn, that the realisa- tion of the Duke’s prophesied visit gives to it a cha- racter wnich might lead the “Smiths and Jonea’s” to look upon it as not being devoid of foundation. Should it turn out true, it will be the tura of those mysterious personages, koow to the reader as form- ing the “well-informed circles,’—from whence va Joable information is sometimes derived—to be sur- prised. Dr. Kane’s Aretic Expedition, TO THE EDITOR OF THE LONDON TIMES, Sm—It would be premature, in the absence of Dr. Kane’s charts, to criticise hir le ter to Mr. Peabody, pub- lished in your paper of this day, too geverely; but { wish atonce to draw attention to the strange iocongruities which it contains In one place Dr. Kane siates that “ there is mo open water above the mouth of Smith’s Sound (Pelham Point ot Cape Togletield),”” where, it wll be reaiembecod, Cap- tain Ingletield stated that he saw open water; and in another part of his letter he says, “ Tae explorations of our party embraced the entire shores of 3mitu’s Sound, and a new channel expanding from its northeasteron curye into an open Polar sea.” Then, to mystity us still more, Dr. Kane adds, ‘Smith’s Sound terminates in an extreme bay, aod the coast of Greenland, afler being followed until {t facet the North, ras found cemented to, the continent of Auerics by & stupendous glacier, w! our further progress towards thet Atlanite.”” Aglance at a North Polar chart, containiog Captain Inglefie!d’s discoveries, will show the illogical nature of Dr. Kano’s letter. Iam, sic, your ebedient servant, Somerset House, Oct. '26, 1856 oO. R. WELD. Trip across the Atlanuc in the Pacifice Correspondence of the Newark Sentinel. Ow Bosko THE SteaMER PACIFIC, AT SEA, Oct. 2, 1858. We left the wharf at Liverpool at 2 o’cloe« in the afier- noon of faturday, Sept. 22, in a steam tug, to go on board the Pact, lying in the stream some cousiderable distaace from the clty, ‘The tide not serving, the steamer was upable to get under way before 6 o'clock. While at the dinner table, first beard the noise of the wheels, and ina few minutes afterward the partirg salute of the gun. The weather was mild, but hazy. EunDay, 22d.—tbe weather «till continues mild, but looks more suspicious, dark clouds lowering ia the hori- zov, Wind easterly. Rev. Dr. Baird preached im the ladien' waloon. The run ot the ship up to 12 o'clock M., wf mi Moxpay, 24th,—Cloudy, with rain at intervals during the day, ‘The wind deaiwhead. Our run up to twelve clock M. wax 295 miles, ‘Turspsy, 25th.— The sun came out early thit morning for a brief hour. The dark, heavy clouds look threaten- tng, The run, 204 miles. VEDNESDAY, 26th.—A severe storm set in during the night; the ship rolied and pitched dreadfully. This morping a heavy sea. Now and then a wave more auda- clous than its fellow, would dash against our bows with startling thump, sending the spray over our bulwarks. How diminutive even a noble ship like this, was the thought that occurred to me, as amidst the uproar of the elements, I stood and surveyed with +ilent wonder the scene before me. Never wus | so forcrvly impressed with the insignificance, nay paltrinoss of the loftiest works of map, when compared with those of his Creator. In the whole scene I read w lesson, if not more instrueting, at Jeast more humiliating to haman vanity, ani more elo: quevtly demonstrative of the pitiful folly of all buroa arrogauce, than I ever heard inculeated from the pulpit. The wind during the day has been N. W., with oesasional rain. Run, 204 miles TuURspAY, 27th.—It cleared during the night, and the san shone out this morning delightfally; vef)re moon, clondy, head winds and nigh sea; afteruoun a dese fog. Run, 260 miles, . Fuupay, 28th.—Very thick fog, the wind for an hour or two favorable—soon changed aud settled down in its old quarter, dead shead. The steam whistle is giving the note of alarm; how mournfully and paivfully the sound falls upon the ear, ‘The wind to-day is southwesterly. Run, 1:10 wiles. SarvRAay, 20th —The fog rolled off about 6 o'clock this morning, and the weather was mild and beautiful. At nocn to-day were in the immediate vicinity, passing over almost the identical spot where the ill fated Arctic was lost, At 8 o'clock the land for the first time was distine!- ly seen, the bold outlines of Cape Race presenting a dark, elevated appearance. A large steamer was discovered some twelve miles distant on our starboard bow, sup- sed to be the Africa, from Boston to Liverpool. Capt. Nye ordered +ignal to be given, and the stars and stripes were run up, floating proudly ‘to the breeze. Towards evening the weather became exceedingly chilly, with heavy fog, Run, 202 miles. Su>pay, &0th'—This has been. truly a lovely day throughout, weather mild, wita a smooth sea, 40 that the roll of the ship ix scarcely perceptible, At noon tha Rev. F. DG. Prime preached « plain, sensible sermon; he was assisted by the Rev. Mr. Wickers, from Columvia county, New York. In theevening, at the request of several of the passengers, Rev. Dr. Baird gave an interesting ac- count of the evangelical meeting, or Vrotestant Congress, recently held at Paris. ‘Thirteen different countries were reprerented at that meeting, and a large amount of ex- ceedingly valuable and important information ¢btained in regard to the present moral and religious condition of those kingdoms. ‘his address made ® pleasant, and, I trust, profitable clone of our second Sabbath at sea, Run, 113 miles. Mopay, Oct. Ist—Another mild, beautiful day. Wind south by west. A whale, apparenciy thirty feet came very nigh the steamer, spouted a morning ‘ation, and then dashed off into’ the broad ocean be- } The sails are all set to catch every pu of air. kun, 319 miles. ‘Turspay,{ 2d.—Notwithstanding the sun weat down last evening clear and beautiful, the night was vory tem- pestuous. At 7 o'clock the wind, which was frem the south, began to blow quite fresh, and increased to almost agele before midnight, ‘This morning the run shone out for a few hours, heavy crows sea, which retards very me teriully our progress. This afternoon the Long {sland coast came into view—passed a small row boat full of water, A two marted vessel in the breakers, with some of her sails still up; probably driven on the shove last night. Run, 318 miles. ’ We reached the Light Boat near Sandy hook, about 7 o'clock, but the night was to» dark to vea- tur to the city. ave a large number of passengers, with a % ter, and of nationality. Americans, , French, Norwegians, Hngarians, , four ministers of Soo gonpals and one ¢ large majori ty of our passengers are travellers and men of business, returning to their uative shores, or to the Jana of their adoption. As to our good ship Pacific, she is too well known to be a superior, first rate vessel, to need a word of commendation; 0, too, is her captain @ ssilfal com- mander—Captain Nye~one of tne best captains that cither “sail? or “txteams’? from New York; Vicllant, prompt, energetic, be has as well regulated a» ship crew as can be found in the world. Capt, Nye is not so ropular as some others, mainly because he does not much of his time talking with the passengers. But this, in ny opinion, is a grest recommendation. A ca} such @ sbip bas something else to do than to talk with geutlemen whilst his veasel is under weigh. Capt. Nye maintains admirable discipline aboard his ship noovd and. boisterous talaing anvong his officers and crew, but Srey ous is done quietly and efficiently, Hke the great working ot her powerful machinery. Our voy ummenced with two or three days vf mild weather h enabled us to get well clear of Europe and her coastes, and just as pproached odland, Jjwhere we so much herded clear weather, and the sun came forth in bis majesty, ena jean our exact position, From that oka has been Leautifol up to Jast night, when a revere blow with heavy rain set in. Our voyage has been as & whoie exceedingly prosperous, and demands the gratitude of ous henrts to the great Author of every blowing. « Newark To Hosoxen—The RAILROAD PRO: the ow rs at on lication noticed as in wi a out thine interes td, that fora rai betwee the w part of this city and Hoboken, thus mak ing another road to New York. The application, wi are told, will be vauereey, uted, and every effort made to carry it throu: Mr. Bathgate, the newly elected representative that section of thy city, is said to be to the road, butit is hopel it'a majority can be found in the proseny Legisly we whe will favorably entertain wach a pepenin