The New York Herald Newspaper, December 2, 1857, Page 3

ARRIVAL OF THE FULTON AND KANGAROO. THE MONEY CRISIS IN EUROPE. Issue of Small Notes by the Bank of | England. INTERESTING DETAILS FROM INDIA. ; MAREBETS, &e., so, &0. ‘The United States mail steamship Fulton, Captain Wot ton, from Havre and Southampton, arrived at this port at five o'clock last evening. ; The Fulton left Southampton on the 18th of November, and was off Cape Race on the evening of Friday, 27th ult. Through the agency of the news yacht of the Associated Press of this city @ synopsis of her news was telegraphed from St. Johns, N. which was published in the Herarp of Sumday morning. Captain Wottow-reports:—Friday, Nov. 27, 4 P. M., Cape Race bearing W. §. W., about one mile distant, delivered late news and papers to news yacht of the New York As- sociated Press. ‘The screw steamship Kangaroo, Capt. Jeffries, also ar- rived last night. She left Liverpool on the 18th ult., the same day the Fulton left Southampton. Our European files are four days later than those by the ‘Vanderbilt, and contain important news details ané mar- ket reports. ‘The Fulton has brought the foliowing SPECIE LIST: Auffmordt, Hessenberg & Co.,1 package.. John A. McGaw, : 9s R. Willing, Philadelphia, Hyle Bros., Henry M. Weed, Peck & Church, F. Rangs & Son, Boston, Ke -ee8 238 E 2222 1 1 1 1 1 M. Gourbault, rT 8 ‘600 De Rham & Co., 1 « 6,000 Louis Lourut, : Se 7,600 Order (C. B.)» 1 « 8,600 Order fa. OF.) aes 14,285 Jules Guenal, 1 z 300 E. C. Fatis, 1 « 2,450, Howland & Aspinwall, 2 bs 75,000 Galway, Casado & Teller, 1 27,500 1 8 S. G. Mason, Providence, Total... ssccessesscccees sees 9,240 ‘The steamship Atrato arrived at Southampton, Eng. . on ‘the 14th of November, with the West Indian and South Pacific mails. She bad on freight— Specie and gold dust received across the Isthmus from the Pacific ports. +. $148,106 Do. from California... 564,780 Do. from Carthagena. 45,590 Do. from Jamaica. . 635, Do. from other parts of the West Indies. 18,855 alue in dollars (of which $128,791 is in and 5 in gold) ++ $777,966 —or, £155,593 sterling; jewelry, Value £100; and a cargo com} ne 758 serons of cochineal, 77 serons of indi- go, &e., KC. ‘Bee London papers are full of the details of the Indian intelligence, but there is nothing later; and the important official reports relative to the fall of Delj and the relief of Lucknow were published exclusively in the Hmram of Friday morning last, Nov. 27. M. Abbatucci, late Minister of Justice in France, was buried at Paris with great ceremony, at the public ex- pense. He is succeeded by M. de Royer. Fight of the Belgrade conspirators had been sentenced to death, and two to imprisonment for life. ‘The Divan at Jassy bad voted that all citizens are equal in the eye of the law; also, the abolition of all classes and privileges, and the liberty of public worship The King of Belgium had dissolved the Chamber of Representatives. The elections are to commence on Dec. 10. The Senate and Chamber of Representatives are con. yoked for the 15th of December. Omer Pacha had left Constantinople for Bagdad, with a small body of troops, to pursue a route along the Euphrates, whicir bas been abandoned for ® century. owing to Arab depredations. Accounts from Wallachia represent the democratic party to be pursuing @ course likely to throw serious impedi ments in the way of the union of the Prineipalities. They aim at having the choice of a sovereign referred to the national vote, and talk of sending a deputation to the Con. ference of Paris. A discovery was said to bave been made of a conspi racy among the absolutist party in Catalonia. A despatch from Turin, dated the 14th ult. says the elections known as definitive, at noon to-day, are 63 in number, of whom 38 are Liberals, 14 belong to the oppo- sition of the extreme right, and one to the left. At Turin the government has obtained an immense majority The Staffeta, of Turin, states from Naples that upwards of 400 persons, ted in a conspiracy, had been ar- rested there in as ht The Axpana, of Madrid, says that Mr. Dodge, the United States Minster at the Spanish Court, had sent in his resig. nation, but that he has done so entirely from the state of health of his family, and other private considerations. Baron de Brunow nad been compelled, by the state of bis health, to retire into private life The King of the Belgians had ordered court mourning for a month for the Duchess de Nemours. Tue Wolverhampton and Sta‘Tordshire Bank (England) had stopped payment, and created great consternation Several additional commercial failures are announced. Mr. Augustus Stafford, M. P’., died suddenly, at Dublin, 00 the 16th ultimoy The steamship Baltic, from New York, arrived at Liver: pool at 11 A. M. on the 18th. THE FINANCIAL CRISIS IN EUROPE. [From'the London Times (City Article) Nov. 16.1 The panic is gradually subsiding, and the efforts of those desepti who boast o mea and contrivances by whieh it was pr dare now turned in an opposite di Fection. ‘The funda have accordingly closed this evening at a further advance of a half per The rate for short loans on ; »vernment se vurities in the Stock Fxchange to-day was 8 per cent. At the Bank of | England avd in the discount market the detand, although extremely heavy. again al minution. As the Charter act hi n infringyd up to Thursday evening, it was t ible the sane result bough the autho. ound necessary to use it. It regular issue has been exoved: to be obtained ed as in nity will have t the excessof credit notes in ied fourteen millions was | ved the amount will be found reign stocks have ten #nusually "the market geverally continues de { the French Three per Cents on vening were @6f. 40c. for money month, showing a frac jena the pressure increases. | might find, when his iscount has receded from 10 to urg the rate of d @% per cent were no goldfwithdrawals from the bank to-day, | bein; a sale tothem of £3,000. mer At The suspension was announced this morn Jellicoe & Wix, Tarkey merchants; also_of P Te Sa & Co., in the Brazilian trade. The liabilities in the firet case have not been stated. In the latter they | ar Mesere. De St & Co. have been brought down by the failure of Glumaraes & Co., of Paris, mentioned two days back The news of the suspension of the Bank Charter act, taken out te by the Africa, from Liver poo! will pr : ved at New York before the arrival there of the Atlantic, which sailed on Wednesday last, the alty having given permission for the Africa to t t Cape F Newfoundland, whence com- | munication wil) be made by telegraph. As the advices by | the Atlantic were gloomy character, comprising the advance of 1) rate to 10 per cent, the stop | uk of Scotland, the City of Glaagow | reon, and the drain of a couple of and Ireland, theygpould be | caloviated to excite fears of an approaching bf sion, and thus create a relapse ‘rom any inprovement that might have occurred in America. Neovo it is very important | “ ! the news of | t nm. ale called 8 vt ohe likes so will | intimated that their allow j be limited to 6 per cent notwithetanding the recent advances i the bank rate of discount, ax they consider this the maximam compatible t security in its employment the London Times (City Article) Nov. 17.) summoning Of Parliament is the most ea wth | The im Licfactory announcement that could have accom )anied the the Bank Charter act. While the causes of uapension of UApene i fresh they must be thoroughly sifted and that @ are exposed fo England every contract is made in gold. Any man ‘who comes under an engagement to pay a certain sum oh a certain day, pledges himself to deliver so many sove reigns. He Cannot be released from this except by the consent of the other party, and consequent|y nothing can be @ legal tender in discharge of debts but gold. Gold, Aherefore, is the true curremy, and every attempt to sub stitute anything else is simply an attempt to break a con tract. Government may legalize such » process, juat as it | may compel & intitled to 208. to take 16 instead of @ borse that has been sold to him to rece: ‘cow, But it can do this only at the expense of every prim ciplé of public morality » the Bank Charter act w@ established, it placed 4 upon the footing of having an entirely metaffic The total cirewiation was about £36,000,000, orward no additien to or subtraction from that 1d take place except precisely in accordance natural flow or efflux of the thosen metal. H Png’ currency witht ng of Moser. | an Messrs. José | NEW YORK HERALD, WEDNESDAY, DECEMBER 2, 1857. of being actually hand merely represented credit. assurance was given that this element of main at the point fixed, and would allowed to fiuctuate. The movements of gold for the tuture would exclusively regulate every transaction. Hence this act placed us virtually in the happy position ofa palenpitn & pare eceveney sabinaytned taimnetb® from the caprices, injustice or governments, and varying only in accordance with its natural supply. Unless any one can be found to contend that a who has contracted to deliver one thing may be allowed tosub- stitute another, all mankind will admit we had thus attain- ed a perfect system. Every engagement being based on gold, gold was to be left to its natural course. No man who had contracted to deliver it would be subjected to any other risk than that resulting from the legitimate variations in its market value. He payments fell due, that the use of it was worth 10 e cent r annum, or 3 per cent, but that would 4 risk voluntarily un- dertaken when he entered into his contracts. it he would lose the other parties to the contracts would gain, and rice versa, Government could no more interfere ‘with justice to alter this relation than they could seek to give relief to a man who had promised to deliver a quar- ter of wheat on a certain day, and who found it inconve- nient to do 80, because he had accepted 50s., and the price had meanwhile advanced to 80s. But it appears that this question of the power of ‘“re- Jaxation’’ is pow to be finally raised. The power has al- ready been twice ill ie cowried, hs greener Oe the responsititity,and Parliament will be called to decide vf it shall be permanently established. The proposition is simply whether the Minister or certain Commis- gioners shall be delegated to declare, whenever it may appear to them expedient, that all debtors who may have committed themselves to make payments in notes representing gold shall be allowed to substitute notes re- esenting Credit, thus injuring the prudent. calculated that at that time the be such as to render his position one of great advantage. No doult, if the government letter had not red on Thursday, money would have been worth 20 or owing to the general panic that would have been created; but is it to be henceforth a law of the country, that in all cases of disturbance of prices from panic and misconduct, govern- ment will step in between those who would respective y gain and lose by that panic, to the benefit of one party and the in- jury of the other? If 80, ‘the principle must be ‘applied consistently; and the farmer who has made an improvident ‘contract to deliver grain, or the manufacturer who has promised goods, must, if ever he should be threatened with ruin by an ‘intervening rise of prices from wild alarm at a possible failure of crops, or a deficiency’ ef raw material or labor, be entitled in like manner to such a suspension of the law relating to con- tracts as will extrieate him from iis painful situation. But for the events of the past week respectively in Lon- don and Paris, which should teach us ton in criticis- ing the financial ideas of our neis , it might be said such a system would be more in harmony with continen- tal than English views. It will, however, be urged that it would be foolish to sacrifice the entire interests of the country to national pride and ‘consistency, and that, although instriet theory governmentss should never in- terfere with the voluntary contracts of individuals ex- cept impartially to enforce them, it would be better, if We are not sufficiently advanced for such a state, rather than that everything should be brought to chaps,’ that a master in the shape either of a Finance Minister or a Bank Commissioner should be allowed to interpose and say, “This confusion must be stopped. I will now adjust your relative claims so as to give ‘ relief’ to one side against the other. You are unfit to be left to yourselves, and it is time for me to step in.” Before adopting such a conclusion it will be the duty of Parliament: 1, to inquire whether there is no way even for government to interfere in a crisis except by tamper- ing with and debasing the currency; and, 2, whether it is not through the conviction on the part of fraudulent traders and reckless money lenders that this tampering will always be resorted to ‘to throw the ences of their own misconduct upon the vountry that we find our- selves periodically disgraced by such events. If the government choose to interpose the crodit of the nation t help the imprudent against the pradent—for amid all the verbiage about giving “relief to trade,” the “springs of industry,’ the pressure of “the screw,’ and ‘so forth, it must be remembered that the result of an in- ternal crisis is simply to force one portion of the commu- nity, who allow themselves to be drawn into a panic, to part with their property at a sacrifice to another and more clear headed portion who find themselves in a condition to Duy it—this credit can at all events be given in its true form, and need pot be mfused wo adulterate the whole mass ofourcurrency. Treasury notes, bearing interest if neces- sary. wonld prove the true medium. What would be done by the people of Hamburg, where the currency is purely me- tallic, supposing they found it impossible t) carry on trade with discount at 10 per cent, which happily they do not, although comparatively their American losses have been. heavier than our own’ Would they issue false coins to mix with the existing circulation’ Obviously their only resource would be to put out notes, honestly carrying their character upon their face, and avowedly represent- ing credit and nothing else. The grand and final question, however, is, are we re ignorant and immoral in the management of our t affairs a to need any paternal State contrivances to kee} us from going wrong or to extricate us when our folly would otherwise bring its natural warning? A ‘greater libel on the nation could not be pro- and before Parliament sanctions it by ing us under the discretion of a Ministér armed ith a “relaxing power,’ let them Suoroughly investigate the secret history of our present position. They can call witnesses, who are prepared to unfold the whole, and they will find that the reputation of the country has been sacrificed in order that the consequences of the most unscru- prdaus conduct might be thrown cage Cay an en oh them, and that a Fraudulent ‘would render fair trade imy = anywhere, of being broken up forever, might be again resumed, to the immense profit of its principal su) ‘ters, and 5043 to lead in another ten years tothe same raceful result. The charge is that credit to the extent of millions has year been granted by large provincial joint stock and other establishments ip Scotland and England, to the lowest class of speculators; that the power to graut this credit has been obtained from London, where the called for atan hour's, or at most afew day’s notice, these houges were well aware that, in case of any sudden ‘or discredit, they bad’ no means of and that the only real security of a large mass per they had taken consisted either in the lability of unsuspecting shareholders, which could be enforced only by long processes at law, or in a realiza- tion of sugar or other produce which they had assisted their pre to hold, and which at such times would be almost unsaleable; and lastly, that, with the know- ledge that under such circumstances their whole system would be brought toacrash unless they could force the Bank of England to step into their shoes, they resolved, in reliance upon the precedent set by government in 1847, to accomplish their ends by abstaining from any precau- onary sacrifices by spreading wntversal alarm,and by threatening the bank and Lod gt oig: =x with a general stoppage. It is also asserted that the principal parties in the movement—already celebrated for analogous pro- ceedings in 1397 and 1847—resorted, not_merely to influ- cuces of this description, but to subterfuges express! planned at the eleventh hour to embarrass the ba: and to render panic unavoidable, such as would be deemed incredible in any community where the decencies of truth are supposed at all events to be externally upheld. Let these things, therefore, be ex amined at once, and let tae persons themselves be sum. moned to give their own explanations and attempt their own justification. The Legislature can then decide wheth er the laws of the country shall be modified to enable such practices to be perpetuated, or whether it shall be an nounced that those who for their sordid purposes supply capital to adventurers of all descriptions, trusting to es cape from loss by the final responsibility that can be en forced against the aged men, widows and orphans, as well ‘as the more ‘wealthy’’ sections of the proprietaries of the broken bonks they have encouraged, must henceforth protect themselves, agd that, if any of the trading com- munity choose to be entrapped into a common convulsion, the only “relief” they are to expect must be such as they can derive from recognizing the wholesome lesson which, under the natural relation of cause and effect, has at langth been rigidly conveyed to them. funds opened this morning at the closing prices of Saturday, but some large sales by the bank broker sub: requent); ed a depression. On the whole, however, the ms nues to exhibit extraordinary firmness: ‘The demand for discount at the bank to-day was again extremeiy beavy and tt is presumed that the infringement of the act of 1844 must have made further considerable P 8 ‘The transactions in foreign stocks have been moderate, 1 show no marked change ‘The suspension hag been announced of Messrs. Bardgott and Picard, an old house largely engaged in the corn trade. Their Mabilities are stated to amount to about £120,000, but the prospects of liquidation are not yet known, Heavy sums being due to them from America. The books have been placed in the hands of Messrs. Tur quand, Youngs & Co., the accountants. ‘The Paris letters mention two mercantile failures, the firme being Bourdon, Du Buit and Co. and Ponson, Phillippe and Vibert. The liabilities, especially of the latter, are rather extensive. At a meeting of creditors of Mesers. Wilson, Hallett and Co. whose suspension was announced on the 2d inst., held at Liverpool on Friaay, it was resolved to wind up the estate under inspection. ‘The railway market opened buoyantly at the late ad vance, but subsequently cave way, the Mai prices at 4 o'clock showing & general decline of 10s. to 26s. Are duction took place in Great Western of Carada, and Grand ‘Trunk, which at one period touched 37, left off at 36 to 36, or 10s. lower than on Saturday. : {From the London Times (City Article) Nov. 18. ‘The quotation of gold at Paris is aboot 9 per mille pre- mium, and the short exchenge on London is 26.36 por £1 eterimg. On comparing these rates with the as Mint price of £8. 17s, 103d. per ounce for standard gold, it appears that gold is about 2-10ths per eent dearer in Paris than in London. By advices from Hamburg the price of gold is 424 per mark, and the short exchange on London is 13.554 par £1 tterling. Standard gold at the English Mint price is titre fore nearly 610th per cent dearer in London than it Hamburg The quotation of the exchange at New York on Landon for bills at 60 days’ sight is about 106 per cent for fret cias® paper, aud 103 to 104 for other descriptions. The Present rate of discount here will therefore prevent any. en op the transmission of gold from this country: ¢ English funds opened this morning at the lower prices of last evening, but the market was subsequently frm. and after regular hours a decided improvement took place on a report that the Bank of France are about to ex tend their gapulation either by an itimediate iesue of the contemplal 50 (£2) notes or in some other manner. first transactions in congo! is for money were at 89 to and the last offoral price was 89% to Ulumately maine were ob into at 80% to %& for money, and 00 for the ‘Ah of December. ‘The rate for loane on ravers ment securities throughout the day ranged between & and 10 per cent, Bank stock left off at 211 to 214. India stock 211 to 214; India bonds 50s. to 40s. discount, and Ex- chequer bills 188. to 138. disrount ‘The demand for discount at the bamk continues on ane traordinary seals, and the infringement of the act of 1844 is beliewed to have been already carried toa rather wide as seeing appaseully wyiolable ti made uo dide- gatent. t neral liabilities are supposed to and £500,000. It @ nominal which £100,000 is paid up, and accordi £7,000 had "been a) lated to | i number of share re is about 200, and the principal losses will fall, it is presumed, on persons connected with the iron trade. The mercantile house of Messrs, Hoare, Ruxton, & Co., im the Sweedish trade, have notified that they are com) to sus] for the general pro- tection of their creditors. They believe their es- tate to be solvent, and that, unless anything now un- foreseen occurs, none of the parties interested will sustain joss. Their liabilities are understood to be considerable. The firm of Hoare, Miller & Co., connected with hes- ter and Calcutta, of which some of the partners are mem- bers, is in no way compromised by this event. & Malie's rm largely engaged in ie produce markets, latthie, 8 frm largely en; in the produce ma! , as Fast Indian and ‘colonial brokers. Messrs. Fitch & Skeet, who suspended in the vision trade on the 11th inst., with liabilities for £55,000, have intimated that, instead of an extension of two, four and six months, they will require only one, two and three months. It has been arranged for a of Messrs. Dennis- toun’s creditors to take place at the ‘Tavern on the 26th inst., when the accountants—Mr. Ooleman, of London, and Messrs. Kerr, Anderson & Co., of Glasgow—will be prepared with a eral statement. A meeting creditors of Messrs. Clayton and W’Keveringen, ship builders, was held meres Liver- on, and a composition was accepted of Ts. in the pound. 0 liabilities were stated at £22,000. ket opened with flatness, but subse- , and closed generally the gd as rom. ‘The railway quently improv yesterday. The various movements were solel; sympathy with the funds, the business tranactod being unimportant. Canadian descriptions again receded, ani Enst Indian left off at 10134 to 10234, being an improve- ment of 10s. In foreign shares, Northern of France were better; on the otber hand, Fastern of France and Paris and Lyons were heavy, and a reduction occurred in Lom- bardo-Venetian. American securities were quiet; Illinois Central, however, closed with increased firmness. Canada government bonds declined 10s. AMERICAN SECURITIES. [From the London Times (City Article), Nov. 18.] Railways. {Closing Prices.| Business Done. Minois Central 6's, 1875..| 72 to 74 ee} Do. 7's, 1875...» 72 3 6 13 — 11 dis.| 1244 dis. SRaSLASSEZE | 843g ‘THE WESTERN BANK OF SCOTLAND. [Glasgow (Nov. 16) correspondence of London Times.] A private meeting of the shareholders of the Western Bank was held here to-day. There was a unanimous ex- pression of feeling to go with the bank, and for this pur- pose upwards of £600,000 were subscribed by the more wealthy shareholders, for which they were to receive 7 percent the first year and 5 per cent afterwi The deficiency of the funds of the bank has not as et belt ascertain’ Suit it ie thought that a million sterling will the loss and enable the bnsiness of the carried on as usual. This sum, it is confidently expected, will be made up ina few days. Many of the depositors have expressed their confidence in the new management, and will continae to transact business with the Western. The public has every confidence now in the notes of ail the banks. THE FAILURES _IN WOLVERHAMPTON AND BIRMINGHAM. Nov. 17) Correspondence of the ondon Times } Great consternation was occasioned here this morning by the closing of the Wolverhampton and Staffordshire Rank—an establishment which has long held a leading position in connection with the jron and manufacturit {rades of this town and almost the whole of South Stat fordshire. Instead of opening its doors at the customary hour of business, the following notice was posted:— The directors of the Wolverhampton and Staffordshire Bank ing Company deeply regret to inform the public that they the necessity of closing for the present the business of the bank It would greatly add to the pain whieh tho direc: tors feel in taking this step if there did mot exist the most abso. safety as to the liquidation of every claim against the k: and the directors will forthwith take the most prompt s to satisfy every account and relieve any inconvenience that may arise from this unavoidable occurrence if the clr: cumstances should not justify a eentinuanee of the e directors trust by Monday next they shall be able to state the definite course that can be taken. By order of the Board. JOSEPH WILEY, Manager. The proprietary are so wealthy that depositors will not be losers. The Mayor has issued the following notice-— The Mayor of Wolverhampion beg’ to inform the holders of note of the Wolserhampio:. and Staffordshire Banking Com pany that all notes will be paid jn full peitig made to continue the cirenlation of Holders are cautioned pot to dispose of their than their full value. M. IRONMONGER, Five ironmaking firms have already issued circulars calling their creditors, They are F. ©. Perry, W. Riley and Sons, the Wolverhampton Iron Company, Solly Brothi- ers, and Rose, Higgins and Rose. THE BIRMINGHAM IRON TRADE—EFFECTS OF THE REVULSION, (Birmingham (Noy. 17) correspondence of the London mes. The commercial panic bas at last affected South Stafford shire. Up to yesterday credit was, as far as outward ap. pearances went, maintained; but this morning the doors of the Wolverhampton and ‘South Staffordshire Banking Company were closed, and the suspension of Messrs. Riley & Son, in the iron trade, announced. The latter firm at- tribute their failure to want of “the usual accommoda- tion’? and the suspension of several firms indebted to them ‘Their liabilities are estimated at £400,000 or £500,000. This is stfictly corroborative of the fact we stated last Monday, Four months’ bills are becoming due and cannot be met. The proprietary of the Wolverhampton and Staf- fordsbire me | Company i# the wealthiest company in the neighborhood, The misfortune of the district is that the circumstances of the present crisis have induced sus pctons against many other houses which are mot at pre- sent justified. {Wolverhampton FRANCE. TRADE REPORT—DISTRESS AMONGST THE WORKING CLASSES. (Paris (Nov. 16) correspondence of the London Times. The merease in the rate of discount by the Bank of France has been productive of considerable ineonve- hence among commercial people, and several commission homses have ceased to transact business under the pressure of the crisis. This again has caused a good deal of embar rassment in the manufacturing districts, but I do not find that failures to much extent are at present apprehended. Mach caution has been observed since the commence: ment of the crisis, otherwise many of them must have given way. These facts probably account for the = diminution in the amount of the commercial ilie held “by the Bank of France which appears in the monthly ‘account, as published in the Monitrur of Friday. A most inconvenient result of the high rate of discount at the bank is, that the purchasers who have hitherto paid cash to the mannfactarers ona reduction of 3 per cent discount now refuse to acompt less than 10 per cent, which naturally has a corresponding effect on the profits of the sellers. When forced to eubmit to these hard conditions, in order to meet their engage ments, they declare they are selling ata loss. The retail. dealers also complain that their receipts were never so low at thie season of the year. Many of their best cis- tomers find their incomes #0 much reduced by the fatl in the value of produce and securities of almost every. de. scription, that they limit their expenditure to what is strictly necessary. In the regular progress of reaction the Pressure was extended the [abr ing claseer, at least if we may judge by the that the establishments every day. the commercial towns in the provinces ate nit more favorable. A letter from Lyons says that, although a few large orders were re- ceived there last week, trade is dull, and what is worse bo improvement worth speaking of is expected there for sme time tocome. Thrown silk from Piedmont ia at Lyons as follows Nos. 22 and 23 from O8f. to 102f. the ile me; Italian raw silk from 86f. to 90f.; Chinese do, from 48f. to 63. The distress is so general among the working popalation of Lyons that Cardinal de Bonald, Archbishop of that diocess, has addressed a letter to the clerey jer bis jurisdiction, recommending that a collec tion should be made in their respective pa in aid of the silk weavers, who are suffering principally from the crisis. THE NEY CRISIS ON THE CONTINENT. i the Courrier de Parie, Nov. 16.) . * * * * ° . * ‘The whole question comes to this: the consumer will not buy at the old prices, and the holder will not sell at the new prices, Vecause he would lose money by the bargain, The consumer * in no burry, he can wait till the fall in the market shall be well established. But the middleman cannot remain jong in such an attitude of ex pectancy. He has his bilis coming due, and he must either let them be protested or sell his goods at a heavy Joss to meet bis engagemems. This explaine the ava ee ee and eniane payment, which com- mencing in America, spread to | and will perhaps Fronep over the whole continent of Boos’ Wh octet the midet of a universal commercial Ui ition, which must end ina general of prices, When there is a tall in businese—and we bave seen that a good harvest rendered this lull everywhere inevitable—the first symptom is an alteration in the proportions between specie and those symbols of credit, bank notes. Thus, to cite an exam- ple which every one will understand, the Bank of France ute no more notes in circulation than trade demands for the purposes of its transactions. Now, if these tranaactions stop, the circulation of bank notes natu- rally diminishes, and not only does this circulation dimi nish because the slackness of transactions, but it diminishes to the extent of all the notes which are pre- sented to the bank for paymentin specie. But then the circulation of specie in the country imereases in the pro portion that the circulation of notes diminishes. This is the reason why the bullion in banks always falis off during a crisis, whether that crisis be occasioned by too much or too little trade. There has been much oxaane ration in what has been said about the exportation of the precious metals to the ed States. Franee has cer. tainly not contributed more than 15,000,000f. to this ex portation, and we doubt mugh whether we baye, even began, sent more apecie to America than we |. * © © Ifa diminution of builion in the bank coffers were coincident with a revival of trade there would be no ground for uneasiness. But when the diminution is coupled with a falling off in the number bills diacounted, it is evident that tends more and more to take the of paper, for which there is less occasion, ‘Thus itis precisely when there is the since the crisis have received. reason why ACTION OF THE BANK OF PRUSSIA. {Berlin (Nov. 15) Correspondence of the London Times.) ‘The Bank of Prussia has found it expedient, apparently in anticipation of the crash that will also ensue here as soon as Serenata extends its influence to this place, to give notice to erie who have deposited securities with it for loans have run for now more than a year, that it requires repayment of the said loans and redemp- tion of the said securities. It appears that the bank has also observed the same course towards parties who have effected loans with that establishment only a few weeks back, but for this latter course it is jumed that special reasons have had great weight. e total amount thus called for does not at present exceed 300,009 thalers. {Hamburg (November 15,) Correspondence of the London Imes. Considerable anxiety is ad here relative to the turn which the general monetary crisis now pending in various. parte of eee may take. There have been as yet no failures in this city of any consequence, and public credit has Seen Seely see among the principal firms throughout the crisis. banks here bave not withheld their aid in discounting bills at the current rate of from 10 to 1034 per cent on paper of second rate bn ana even, and bost bills are discounted at 9 to 944 freely. ‘The hitherto high prices of all kinds of colonial pro- duce, and of iron and silk, have undergone a consider- able reduction, and the natural consequence of the it depression experienced, and the desire of man} Sime to realize some of the heavy stocks on hf ‘and to meet payment of bills falling due. ‘There has boon one instance of failure within the last few days in conse- ence of the chief of the firm, a Mr. Riemschneider, ecamping suddenly via Lit , to the Havana, leaving tills to the amount about 160,000 marks banco. Two other minor houses—Messrs, Haussen and Johannsen, and a M. Landau, both engaged in the export trad ve also stopped ‘im the regular way, but the united amounts do not exceed 300,000 marks. We learn from Stockholm that the house of Messrs. Johns & Co., of that city, has engaged to supply the loan of 20,000,000 richsthalers benco to the government to carry’ out railway schemes, at an interest of 6 6-6ths per cent, and to be liquidated’ at par in the space of forty years. THE WAR IN INDIA. ————e Additional Particulars of the Fall of Delhi— Losses of the British, [Calcutta (Oct. 8) correspondence of the London Times.) ‘The native belief that this siae will be the gins everywhere to waver. Delhi bas reaily § though the accounts which have reached Calcutta are few and meagre, enough remains to show that the conquest is complete. ‘The loss of the British has been very heavy, 1,100 killed and wounded, making 3,500 since the com- mencement of the siege. The troops are said to have be- haved admirably. © Eurcpeans stormed the magazine biown up by Lieutenant Willoughby with such a cheer, that the mutineers, probably ten times their own strength, fied without a shot. Nicholson was terribly wound- ed, but refused to be carried from the field, and is since Te- ported dead, It is to him we owe the fall of Delhi, for it was he who, after contributing inno slight degree to the security of the Punjab, brought down the reinforcements. A strong column under Colonel! Greathed started in pur- suit of the fugitives; but they will, in all probability, es- cape to Oude. GENBRAL HAVELOCK’S RELIEF OF LUCKNOW. ¢ There General Havelock has executed a brilliant march ‘and has relieyed Lucknow. On the 19th September he cressed the river at Cawnpore with 2,700 men, Sir James Outram, with most creditable magnanimity, surrendering the command to his able subordinate. He himself com- manded the volunteer cavalry, of whom about a hundred have reached Cawnpore. Generals Neill and Hamilton led the two brigades—one containing the Sth Fusileers, Her Majesty’s 84th, the Madras Fusileers and some light artillery; the other, the 78th Highlanders, her Ma- Jesty’s 90th, the Ferozepore Regiment (Sikhs), and some artillery. On. the 20th General Havelock ‘received his heavy and eighteen guns, but no baggage ig On the following day the enemy, who were trongly posted across the road, were attacked id driven back, with the loss of four guns. Two were taken by General Outram himself, whose cavalry sabred 120 of tho enemy. On the same day the indefa- tigable General executed a march fda 6 miles, and on the following one of fourteen, driving the enemy back upen Lucknow with the loss of all their guns. On the 24th a salute announced to the heroic garrison the pros- pect of relief,and on the 25th the relieving force entered Lucknow. Step by step they cut their way to the Resi- dency. Ht was time; the besiegers bad run two mines, which in three honrs would have laid the neces open, toarush from the whole of the rabble collected round the city, The batteries still continued to play upon the building, and in carrying them by storm General Neill was killed, a loss which almost outbalances the victory. DESPATCH FROW (ENERAL WILSON. Hrapgvarters, Piicin Foxce, Deum, Sept. 15, 1857. To Carratx H.W. Nonosy, ASsistaNT ADJUTANT GENERAL OF THE ARMY. I bave the high satisiaction of reporting, for the infor- mation of of the Major General commanding in the Upper Provinces, and through him of his Excellency the Gom- mander-in-Chief and of government, that on the mormng of the 14th instant the force under my command success: fully assaulted the city of Delhi. Under the present circumstances Major General Gowan will, I trust, allow me to withhold for # time a full and complete detail of the operations from their commence ment to their close, aud to limit myselfto @ summary of events. After six days of open trenches, during which the ar tillery and engineers, under their respective commanding officers, Major Gaitskell and Lieutenant Colonel Baird Smith, Wéd with each other in pressing forward the work, two excellent and most practicable breaches were formed in the walls of the place, one in the curtain to the right of the Casbmere bastion, the other to the left of the water bastion, the defences of those bastions and the parapets giving musketry cover to the enemy commanding the breaches having also been destroyed by the artillery. The assault was delivered on four points. The Ist co- lumn, under Brigadier J. Nicholson, consisting of Her Majesty's 75th Regiment (300 men) the Ist European Ben gal Fusileers (200 men), and the 2d Punjab Infantry (450 men), assaulted the main breach, their advance being ad- mirably covered by the Ist battalion Her Majesty's 60th Rifles, under Colonel J. Jones. The operation was crown- ed with brilliant success, the enemy atter severe resist- ance being driven from the Cashmere bastion, the main guard, and its vicinity in complete ront The'2d column, under Brigadier Jones, of Her Majesty's Slst Regiment, consisting of Her Majesty's Sh Regiment (200 men), the 24 European Bengal Fusilecrs (250 men) and the 4th Regiment of Sikhs (250 men), similarly covered by the 60th Rifles, advanced on the water bastion, carried the breach, and drove the enemy from bis eu ‘and posi- tion, with a determination and spirit which gave me the highest satisfaction. The 34 column, under Colonel Campbell, of Her Majes- ty’s 62d Light Infantry, consisting of 200 of his own regi- ment, the Kumaoon Battalion (250 men), and the 1a Pun- jab Infantry (500 men), was directed against the Cash- mere gateway. This column was preceded by an explo- sion party, under Lieutenants Home and Salkeld, of the Engineers, covered by the 60th Rifles. The demolition of the gate having heen accomplished, the column forced an entrance, overcoming @ strenuous opposition from the enemy's infantry and heavy artillery, which had been brought to bear on the position. I cannot express too warty mi admiration of the gallantry of all concerned in this difficult operation. The reserve, under Brigadier Longfield, her Majesty's ®th Regiment, composed of her Majesty's 61st Regiment ad men,) the 4th Regiment ra aa mon) , the Belooch tel ttalion (900 men), the Jheend Rajah’s Auxiliaries (300 men), and 200 of her Majesty's 60th Rifles, who joimed after the assault had been made, awaited the result of the attack, and, on the columns entering the place, took possession ‘of the posts I had previously assigned to it. This duty was ultimately performed to my entire satisfaction. ‘The firm establishment of the reserve rendering the as- saulting columns free to act in advance, Brigadier General Nicholson, supported by Brigadier Jones, swept the ram- parts of the place from the Cashmere to the Cabul gates, cecupying the bastions and defences, capturing the guns, and drivigg the enemy before him j Thoring We advance Brigadier General Nicholson was, to the grief of myself aud the whole army, dangerously wounded, The command consequently devolved on Briga. dier Jones, who, finding the enemy in great force occupy: ing and pouring a destructive fire the roofe of strong and commanding houses La J on all — ram- parts themselves being en! y guns, prudently re- solved on retail Cassension of the Cabul gate, which his troops had so gallantly won, in which he firmly ew. tablished himself, awaiting the result of the operations of the other columns of ecoupation. Colonel Campbell, with the column under his command, advanced successfully from the Cashmere gate by one of the main etreete beyond the “Chandnee Chouk,”’ the central and principal street of the city , towards the Jumna Mugla, with the intention of occupying that important post. opposition, however, which he met from the great concen tration of the en ‘at the Jumna Muajid and the houses in the neighbor! e himself, I regret to state, being wounded—satiafied him that bis most prudent course was not to maintain eo advanced a position with the compara oer limited force at bis di I, and he oes withdrew the head of his column and placed himself in communication with the reserve, a measure which had my entire approval, I having previously determined that, in the event of serious opposition being encountered in the town iself, it would be most inexpedient to commit my small force to a snocession of street Sights, in which their allantry, discipline and organieation could avail them so ttle. My present position, therefore, is that which, under euch a contingency, f bad resolved to occupy and establish myself in firmly as the base of my sys tematic operations for e comptete possession of the; city, This embraces the magazine on one wide and the Cabul gate on the other, with the Moree, Cashmere and water bastions and strong inter. modinte poste, weith eegure communication along the frout and to the rear. From this base Tam now e# atiously pressing the enemy on all points, with a view to establishing myself ina ae cond advanced position Itrast before many days to have it in my power to announce to the supreme goPbrn- ment that the enemy ha driven from their last stronghold in the palace, fort and streets of the ety of Demi. Simultaneously with the operagions above detailed attack was made on fee cnemy’s strong posit the city, in the suburbs of Kiasengunge and Pabareepoore, with a view of driving inthe rebels and supporting the main attack by effecting an entrance at the Cahul pee after it should be taken, ‘The force employed on this difficult duty 1 ent usted te that admirable officer Major ©. Reid, commanding the Sirmoor Battalion, Whose distingu'shed conduct | hav already bad occasion to bring prominently to the not superior authority, and who was, I much regret, © wounded on this occasion. His column eon own battalion, the Guides, and the men Rao’s (the main picket), numbering in all ported by the auxiliary troops of bis Highness te raja Rumbeir Singh, under Qaptain R Lawrguge +P too up ha ive le, who licted severe punishment on the enemy, iy Tregret their own loss was hag heavy. ‘The resistance of the rebels up to this time has been that of desperate men, and to this must be attributed the severe loss we bave sustained, amounting proximately, 50 far as Tam able to judge, in the absence of casualty re- turns, to forty-six officers killed and wounded and about 800 men. Among those of whose services the State hag been deprived are many officers of distinction and merit, holding superior commands, whose places cannot be sup- lied; and I have specially to lament the loss which has n'sustained by that splendid corps, the Engineers, nine officers of that arm having fallen in the gallant per- formance of their duty. Until Tam in ion of reports from brigadiers and other commanding officers I shall be unable to enter more fully into the details of these operations, and I trust the cir- cumstances under which I will excuse any slight pone racies or imperfections which my despatch may exhibit. ‘The absence of such reports also prevents my bringing to notice the names of those and men who have specially distinguished themselves. This will be my grate- ful duty hereafter. But I cannot defer tho expression of my admiration for the intrepidity, coolness, and determi- nation of all engaged, and natives, of all arms coe ye Hh sa . WILSON, Major General Commanding Field Force. ‘The following are the GENERAL ORDERS ISSUED IN CALCUTTA. ‘THE RE-CAPTURE OF DRL. Fort Wuiay, Oct. 2, 1857. - The eights Donaretie ihe See Gabeent in Counce! jas received, by a telegraphic message, t] i an- nouncement that Delhi is entirely in the hands of Major General Wilson’s army. Delhi, the focus of the treason and revolt which for four months have harrassed Hindostan, and the stronghold in which the mutinous army of Bengal has sought to concen. trate its power, has been wrest from the rebels. The King is a prisoner in the palace. The headquarters of Major General Wilson are established in the Dewan Khas. A strong column is in pursuit of the fugitives. Whatever may be the motives and passions by which the mutinous seldiery,and those who are leagued with them, have been instigated to faithlessness, rebellion and crimes, at which the heart sickens, it is certain that they have found encouragement in the delusive belief that India was weakly guarded by England, and that before the government could gather together its strength against them their ends would be gained. ‘They are now undeceived. Before a singleeoldier of the many thousands who are hastening from England to uphold the supremacy of the British power has set foot on these shores, the rebel force, where it was strongest and most united, and where it had the command of unbounded military appliances, has been destroyed or scattered by an army collected within the limits of the Northwestern Provinces and the Punjab alone. The work has been done before the support of those battalions which have been collected in Bengal from the forces of the Queen in China and in Her Majesty’s Eastern colovies could reach Major General Wilson’s army; and it is by theggpurage and endurance of that gallant army alone, bythe skill, sound judgment, and steady resoli- tion of its brave commander, and by the aid of some na- tive chiefs, true to their allegiance, that, under the bless- ing of God, the head of the rebellien bas been crushed, and the cause of loyalty, humanity, and rightful authority vindicated. ‘The Governor General in Council hopes that the receipt of despatches from Major General Wilson will soon place itin See to make known the details of the operations against Delhi, and to record, fully and publicly, the thanks and commendation which are due to the officers and men by whose guidance, courage and exertions those opera- tions have been brought to a successful issue. But the Governor General in coun¢il will not postpone till then bis grateful acknowledgment of the services which have been rendered to the empire, at this juncture, by the Chief Commissioner of the Punjab. To Sir John Lawrence, K.C.B., it is owing that the army before Delhi, long ago cut off from all direct support from the Lower Provinces, has been constantly recruited and strengthened go effectually as to enable its commander not only to hold his position unshaken, but to achiove complete success. To Sir John Lawrence's unceasing vigilance, and to his energetic and judiciows employment of the trustworthy forces at his own disposal, itis due that Major General Wilson’s army has not been harassed or threatened on the side of the Punjab, and that the authority of the gov- ernment in the Punjab itself has been sustained and gene- ¢ Governor General in Council seizes with pleasure the earliest opportunity of testifying his high appreciation of these great snd timely services. By order of the Right Hon. the Governor General of India in Council. R. J. H. BIRCH, Colonel, Secretary to the Government of India, in the Military Department. il, RELIEF OF LUCKNOW. Fort Wititam, Oct. 2, 1857. The Governor General in Council rejoices to announce that information has been this day received from jor General Sir James Outram, G. C. B., showing that the Re- sidence at Lucknow was In possession of Major Gpneral —e force on the 25th ult., and that the gai is saved. Rarely has a commander teen so fortunate as to relieve Ly his success 80 many aching hearls or to reap $0 rich a reward pretenses will deservedly be offered to Major General Havelock and his gallant band wherever their triumph shall become known. ‘The Governor General in Council tenders to Sir James Outram and to Major General Havelock his earnest thanks and congratulations upon the joyful result of which a mer- cif) Previdenee has made them the chief instruments. The Governor General in Council forbears to observe further upon information which is necessarily imperfect; but he cannot refrain from expressing the deep regret with which he hears of the death of Brigadier General Neill, of the lst Madras European Fusileers, of which it is to be ‘eared that po doubt exists. Brigadier General Neill, during his short but active career in Bengal, had won the respect and confidence of the government of India; he had made himself conapicu ous a8 an intelligent, prompt, self reliant soldier, ready of resource and stont of heart; and the Governor General in Council offers to the government and to the army of Mad. ras his sincere condolence upon the loss of one who was an honor to the service of their Presidency By order of the Governor General of India in Council. J. H. BIRCH, Colonei, Secretary to the governmeni of India, in the’ Military Department. 18 THE REBELLION AT AN END?—GEN. HAVELOCK’S POSITION. Dojhi, then, bas fallen, but I would warn your readers not to believe that the revolt is therefore over, The fall of the city is important to our prestice, and may be inye rious to the morale of the rebel forces, but the physical strength of the revolt is almost unimpaired. The greater number of the mutineers in Delhi must have escaped There i# no cavalry to send after them, and natives under al! circumstances outmarch led by Europeans. The force in Delhi has been much reduced, and cannot be very speedily reinforced. The battle will probably be trans- Serred to Oude, General Hav plendid march on Lucknow saved the Europeans im ed there, but he is too weak handed to effect more. It is doubtful even if he will succeed in reaching big so He is hemmed in bya Sorce which cannot number than 30,000 men, with all the comvownications in their hands, an amazing number of cannon, plenty of provisions and the sympathy of the Mussulman population. There are no troops 10 send to bis aid, and he designs, it ts said, to leave a smal! garrison in Lucknow and cut his way with the remainder back to Cawnpore. Round that station, again, the Gwalior mutineers are said to be concentrating; but this report, like most others, requires confirmation esent the: are threatening Agra. In truth, notwit ing the fait of Delhi, all we can hope to do is to maintain our ground wntil the English reinforcements arrive. They cannot be here in force wll November. They will then be trans red in steamers end by immense bullock ‘rains to Alla- aba, whence strong columns, under Sir Colin Campbrll, will swvep through thy northwest and Oude, reconquering te inces as if they had never Leen in our possession. "teh P enced till the 2d of December, ting the approach ies not yet hickcning round us, tof these difficulties is the position of the of India as respects the Ruropeaus. The re. at firet rather stapetied For a fortnight mutiny atrocity after atrocity, found them still slumbering on in @ strange security; and then, as it seemed. in an bour,all over India the Kuropean com munity awoke. The preat white aristocracy, which has governed India for a hundred years, and whose very existence as a body seems half forgotten in Eng: played that terrible energy which is 80 frequent ly imparted by the pride of race. In many districts single officials took on themselves absolute authority. In all, they beld out against any odds, and with any means, with a courage such as only men eo situated can display. There have been fifty sieges of Londonderry, such aa has deseribed, in the past three months. There reely one «ingle case in which Europeans, however much ontuumbered, or however destitute of means, tailed to resist to the death. The community felt like Mr. Tucker, of Nagode, who, with escape easy, positively re- od to be dictated to by natives of any kind, seated himeelf on the roof of hit eutchery, and quietly shot down every aaeascin who approached. Before he was killed be bag giain thirteen of his enemies. From first to last the FMfopeans never doubted either the extent of the danger or the means for its suppression. The netinct of «wif preservation taught them two great facts were engaged in a war a Voutrance with the ’ s throughout India, 2. ‘Phat that claas must be destroyed, and the predominance of the Buren. wi finally established. ‘Mhere are probably not ten Foro peane in India’ who do not hold there two beliefs with a faith in the presence of which even religio weak. Accordingly the whole 40,000—there carcaly more-—attacked by 90,000 soldiers, and surrounded by @ hondred millions of doubtful friends, turned desperately at bay. In the Punjab they found in Sir John Lawrence a leader imbued with their own convictions. In a week the Punjab was safe, The rebels had been opposed at once by men who bad for the hour forgotten mercy. Evory soldier who mutinied was blown from a gun or shot. Every villa- ger who helped them was hanged. The danger ceased, and from that moment every new muting strengthened the hande of the Chief Cominissioner Benares, the very focus of Hindooism , 200 Europeans cit up three native re- giments. Fifteen men per diem were sent to the gallows Accordingly narmed European receives in Benares a reverence a in Calentta. to Azimgbura single ‘vropear planter refuced a whole district to order by a fow acts of terrifle severity, In short, for lam avoid dew wherever the Fut ns, official or otherwise, bi any Meane at all, and w restrained, they were able ld millions in check, Under these circumstances, ‘pected from government a revolutionary energy, cession of Cull a sein A to meet any contingency — « cclermined effort to re-establish the European prestige, DELHI IN RUINS—QUBEN VICTORIA {TOASTED AMID THE DESOLATION. (Pombay (Oct. 16) correspondence of the London Times. } The appearapee of tag guce rich gad populous city, gov ernmen! voit, who! fanaticism is , | intervals of lig! ful sovereignty as a vie-~ lineas to an individual, which tion, indeed, but from s ‘Tho ‘triumph of the English strikes the debilitated patient dead. He whe has borne the titles of Great Mogul and King of Dethé lives still, it is true, but his sovereignty, long virtually, is now actually at an end. His palace is fu. the hands of bis conquerors. ‘ed apartments are the headquarters of the English army. In his white mar- ble pavilion—the “Dewani Khas’ or private Counodl chamber—where among a crowd of other inscriptions ia inlaid the Persian couplet, translated and adopted by ‘And, ob, if there be an Elysium on earth, It is this, it is thist —was heard on the an of the 21st a sound such as bad never broken tho stillness of its former august splendor or of the squalid solitude of its later days. It was the cheering with which the headquarter staff re- ceived from the General the name of the Queen of - land, Nover, surely, was there amore fitting place which to give the health of that royal lady than in the heart of palace of the had defled her power; never atime more fitting than when the majesty of the empire had been so signally vindicated, and the massacre of 80 many of those who were her sisters as well as her subjects had been in part at least avenged. No wonder that the cheers rang out through the marble arches Mtclitte samtts sacunsiaems of tha oeehar no won- der that the escort of Ghoorkas, loyal as gallant, caught and returned them. Was the shade of the ‘mag- nificent son of Akbar’’ hovering near to listen te the sound that was the funeral knell of bis dynasty f CAPTURE OF THE KING—EXECUTION OF HIS CHILDREN. But the last holder of the title of Great Mogul, as I have said, still lives. On abandoning the city he took his route to Kootub Minar. In thatdirection, some six miles from Delhi, he bad a palace. But whether he betook himself thither, or whether he took shelter at the stately tomb of his ancestor, Hoomayoon, accounts seem to differ. How- ever, on the 2ist he was brought in from his hiding prisoner by Lieutenant Hodson, of tho Ist Fusileers, with his Irregular ‘Sikh cavalry. The King was accompa: nied by his Begum, Zeenut Mahal. He issaid to have de- clined to surrender till assured that his lite would be spared, and that such assurance was given him. This may be so, but when he could have no option but to surrender, the propriety of acceding to his demand for tems seems doubtful. However, he is a very old maa, and may be allowed the remainder of hisdays in captivity. But not so the younger princes of his family. Of these, three were taken by Hodson at Hoomayoon's tomb, on'the 22d, and his mode of dealing with thom will, I doubt not, meet with the same roval im England as it has met with here. Taxed with their guilt as leaders in the rebellion, they craved for mercy, but stem justice only was dealt tothem, and they were shotto death upon the spot. Their names were Mirza Moghul and Khisr Sultan, sons of the King, and Abu Bukr, his grandson. Their bodies were taken into the city and ‘exposed for two days atthe Kotwallee or principal station, in the Chandnee Chouk. This was the last notable event of which we have heard as taking place in the city or its immediate neighborhood up to the , the date of the latest official notification at Lahore. Many of the in- habitants, however, who remained in the city after our occupation, have, as I learn from a letter just received, been shot for possessing in their houses the property of Europeans. e officiating Cor sioner was el ry organizing a police force and ft-establishing order. Burn is appointed military governor. THE KING OF OUDE AND THE LUCKNOW CRISIS. ‘TO THE EDITOR OF THE LONDON TIMES. My attention having been cgtied toa report which ap. peared in the Times and othe? newspapers, to the effeot that the son of his Majesty the King of Oude has fled from Lucknow, I beg leave to state, upon authority, that the King of Oude has bad only three legitimate sons born to him by his present Queen. The oldest of these, being an idiot, is confined to the Zenana at Lucknow; the second died of smallpox when only twelve years of age; and the third is his Royal Highness the heir apparent, at present in this country: The rumor in question can therefore, true, only refer to an illegitimate son of the King, a youth who is not more than 10 or 11 years of age, and whom the motincers have probably seized with the view of fur- thering their own purposes. ~ MAHD. MUSEEHOODDEEN , Accredited Agent to his Majesty the King of Oude, 18 Warwick road, Maida Hill West, Paddington, Nov 16. INTERESTING FROM CHINA. of the Russian Plenipotentiary at UShanghac- ils Adiltation with the Amser= cans—The Czar’s of the Weather—. ‘an Negotiations with Yeh—Translation of the Official Papers. [Shanghae (Sept. 15) Correspondence of London Times.] ‘The Russians have p| the first card in the ty which is now to come olf here. On the 2d instant Couat Putiatin, Vice Admiral Aide-de-Camp, General Governor of Amoor, Minister Plenipotentiary and Embassador Extra- ordinary ‘from his Imperial Majesty the Emperor of Rus. sia to the Court of Pekin, landed here in plain costume ana from a little boat, anied by @ suite as unpretend- ing as their principal. He bad left his steamer at Woo- sung to con, and took up his residence with the American house of Russell & Co. e only visits he paid, except re- turn visits of ceremony, were to Mr. Beale, an old friend whose guest he had been when stationed here before the war, and to Mr. Hurd, the head of another of the principal American houses atthis port. From these little facts propledraw conclusicns as toa je cons Rus Manjand American councils in ‘Ae forthcoming Count Putiatin left Petersburg in April, travelled over- land in seventy days to the Amoor, where be found the America, a paddle-wheel war steamer, built in America during the war, and sent round the Horn and across the Pac’ fle by our kind cousins. The Count steamed down to the mouth of the Peibo, and, after delays fand much difficulty, succeeded in despatching an announcement of his mission to Pekin. Having — the interval very agreeably in Shanghai, he is now gone Tort again seek an anewer to his despatch. The America left Woo- sung just before the heavy gale,and was seen standing northward, making very heavy ‘weather. The Admiral has no force with bim, and his embassy is evidently of an entirely pacific character, It seems to be thought here that the objects of the Rus- sians extend no further than to convert their college at Pekin into a diplomatic establishment, and to obtain a par- ‘tion in the privileges granted to nations “heretofore trading to Canton.’ With an Ambassador at Pekinthey can work out the vest at their leisuy.. Meanwhile the odium of all coercive measures is to be thrown upon the English and the French, We uhall see presently how this will work. The Count will either go to Pekin, or he will be back here before the next mail | 6. If Russia gaine time by thie quick isola- tod stey risks. From the treatracnt she receives we may surely learn something that may be useful to us. The weather has broken up, and we are suffering that cession 0° gales which marks the change from the southwest to -he northeast monsoon. Steamers therefore will come slowly and at much expendiare of eval from Hong Kong hither, and sail ships, if these encum- Drances are to coun wed. After the north- ast monsoon bas settled into ite steady course, there are, however, usually “© weeks of fine weather, and we ‘Ihope that something will yet be done. 1 believe the Pekin winter to bea bagbear. Lord Macartney did not leave Tartary for ’el.in Ull the 2st of September, nor Pekin till the Sth of October. He traversed the whole of China to Canton between the 8th of October and the 18th of Decem’ neve heard nothing here either of the French Am- jor nor of Lord Elgin. But this is not dispiriting, as, ing to former computations, they are not due here ll the last week in September. Perhaps this mail, as it passes Hong Kong and Singapore, may gather some tidings of them bot! ‘The French show signs of movement. As [came here from Ningpo, we had opportunities of seeing the coast. My little rye! boat sped from point to point during the t skies and moderate weather; and then, when night or the gale grew heavy, flew with’ half closed wings before the howling blast, aud nestled in some wind- ing inland creek, known only © experienced opium ran- ners, or the native fisuermen or pirates. During these de- vious fits of progress we saw the Capricieuse h fri- gate trying to make way northwards, and a large steam transport, which we thought to be Russian, but which turned out to be also French, lying at anchor under a shel- tering headland. This is all the news Shanghae affords. The Russian officers have, indeed, been most provokingly candid and circumstantial as to their means of defence at Castres Bay and Petropautoveki, and as to their excay It would be easy to make an amusing letter out of these revelations. Put cui bono? Let these unpleasant topics cease, Some Horace Walpole is no doubt telling the next age all about it In a former letter I told you that 1 had established @ little channel ef communication with Mr. Commissioner Yeh's back parior in Canton. Unfortunately the difficul- ties of transmission, translation and testing, make the un- derground way very tortuous. I send you some however, which T think you will find interesting. Subse- quent events have gzown that I might have relied upon my informant’s first desfatch more than T Felt Juatt at tho time indoing. The proceedings respecting the overtures made ty the Amerivona are, Woe mouse at loaet founded on fact. The blockade which teas, of course, al once instituted by the Ad mot chem: “sached his care put a si fo coren ublieat..u, having something of the ver, which is phy ily o negotiat ‘Tesumption ot trade, bad been de Neh “head men” having tia to take part in the the aettloment of these , until the (‘) can come down e npihed to leave for Cal ‘ng that is going on there, and questions is accordingly for the time American Commissioner ‘Forbes? from Shanghae. iit be tree, ‘as my informant states, that Yoh has re. moved all prohibitions on trade, you will probably hear of a brisk traffic being done at Macao in the teas, &o., that we know were shut up in Canton or its vicinity, as much of this and other produce can reach Macao from ‘the Weat without riek , #0 lon Soe port ent river of Canton are the onl te blockad ‘The Teas importa, however, is what is said of the ad- ‘vance of the rebels towards Canton. Shaouhing is scarce- Ty 90 miles wost of Canton, the river lenis direct from one place to the other, and there is no point between the two at which the paseage of @ force could be disputed. ‘Our boat hope thgt the rebels will not traverse those 90 milow mont be that they know they will find only fwmine at their Journey's end, Pg mm the gath Jol; owaqua visited the yamun of the rnor General (Yeh), and was received by his Exoot- loney tn the western reception room. The interview Inst: ed for a couple of hours (Chinese or English not specified; one of the former is equal to two of ours), and the attend ante and every one else were excluded from it. It ia im. possible, therefore, to say what formed the subject of it At about 8 A. ML. gu the pth the Governor General sum-