The New York Herald Newspaper, January 11, 1858, Page 2

for ire- be necessary dapartznet ie Geock tschonge wll be uth ch three per cents on the this (Wednesday) evening were 671. 60c. for for the end of the month, showing advance of pearly a quarter per cent. ‘of bar gold was taken to the bank to- Sires erecta et ras ea iy Son, from Ire! , and the my Pir ‘York, to-morrow will, it is thought, bring about It is understood that the various London joint stock banks have lowered their rate of discount to-day for the to § ver cent. | ‘The bar silver brought by the last West India steamer | has been sold at 615,d. per ounce, establishing a fecline of Xd. (rom the highest price, Dollars are very scarce, ‘and the emal!l quantity received on this occasion has rea Lized 6054., being an advauce of }yd. | [From the London Times (City Article), Deo. 25.) The Bank of reduced their rate of discount from 10 cent, at which it was fixed on the th of No- vember , to 8 per cent. Tho re fuction will also apply : advenses on government sccurities, &c., i the divi- eats. £100, | i tuoned by the Rank Indemnity bill. The ciroulation, therefore, now resumes its former condition, and the amount of Bank of England notes in excess of £14,475- beng be regulated entirely by the eillax and influx of ton. ‘The present measure was generally looked for by the pubtic, and it will doubuess bo fully justitied by the Ga eette return to be published to morrow evening. Since the preceding reworn the arrivals of gold have been continu- ous, and there is litte of their immediate ces:8 ‘iow. Jo the panic of 1847 the maximum rate of 8 per eect was maintained only for four weeks. Oa this occasion 10 per cont bas been continued for nearly sevea weeks. ‘The Engliah funds opencd this morning at am improve- ment of one eighth, and subse quently exuibited firmuess. Consols for Jacuary were first quoted 93% to 931¢ ex dividend, and occasionally during the day there were bay ere at 951%. At the close 931, was the exact price. The reduction of the bank rate of discount was apparently not reeolved upon until after much discussion, the announce- ment being made at about half past two ia ‘the afternooa ‘Owing to the extent to which it had been anticipated, the reasare produced little effect on the market, Kk sto sk left off at 217 a 2185; India bonds, 30s. a 20s. discount, and Exchequer bills 38. disconnt to 1s. premium, Ib the Stock Exchange money is in tall supply on gov ernment securities at from 4 to five per cent, Atthe Bank of Fogland, after the reduction of the rate, there was au active demand. In the discount market choice bills are begotiated at 6 discount ses have reduced their rates of allow | ance to 65 per ceut for money at call, and 6% with seven days’ notice. The joint stock banks resolved a day or two back to Ox 6 per cont as their rate tor all new depo- sits, and they have, therefore, not made any farther alteration, An average business has been transacted in foreign stocks generally at fermer prices. The fal prices of the French Three per cents on the Pans Bourse this (Thursday) evening were 67f. S5c. for money and 671. 75. for the end of the month, showing a decline of an eighth. In the foreign exchanges this afternoon the rates upon Hamburg and Paris were rather lower, but Amsterdam was about the same as last post. The ousiness actually transacted was unimportant. About £80,000 in gold was taken to the bank to-day. Another satistuctory resummtion has been announced of | a house in the American trade. The suspension of Mesers. T. B. Coddingtou & Co., iron merchants, of Liver. Pool, Was mettioned last month, but 1 has proved to be but temporary, the firm having only waited until they could hear from their New York house. This house, on Deing advised of the suspension of their Liverpool estab- lishment, on account of labilitie acceptances of other parties who had failed, did not sv wd payment, but by return steamer enabled the firm on this side to make & Satisfactory arrangement, which has just been effected with the holders of the acceptasces ov which they are liable and with all their other creditors, by which they pay them in full with interest, and resume their business, The amount paid into the’ treasury of tae Kast India ar for bilie on Indis from the %h to the 24th is only 1,782. In the railroaa market there has been a general re covery of te & percent. In American securities Ili nois Centra were fat; Ceatral Michigan, however, showed increased firmness (From the London Post (City Article), Dec. 25.) The reduction of the bank rate of dise opinion baving been that if it were re would bave beon ane per csut only cont ou Thursday next. It satisfaction in all quarters, it a: eit shows that the bank in so improved a position that half mea.ares bave nit beep necessary, and the further ald of tbe government letter can be sately doponsed with. We are bow again under the Bavk Charter Act rigime, and there seems to be no ground for apprehending’ that its destructive influence will be felt for some time to come. It cannot, therefore, be charged to the w of the directors of the bank, under the improve circumstances of the institatiwn, Hat they bave sete prudently in lowering the value of money this we Deing conetered in all quarters certain that it must have been done on Tharsday next, if not today. The effect upon the general moncy marlet has not been apparent, the rates being for the taost part nominally ax they were yesterday, owing to the small amount of the demand, and the amount of bills in Wwe market beivg too small to create much competition for the ume being. The joint stock Danks, it is understoud, have, (or the most part, decided upon reducing the rete of interest upon deposits to 6 per cent per anpum. The rate allowed by Messrs. Overend & Co., upow money at call is 634 per cent, and at seven Gays’ potive €% per cent; and as yet the London and Na tional discount corapaniés have made no altefation in their rates. {From the London Times (City Article), Hee. 26.) ‘This being Christmas day, i has been kept as a ch holiday in the Stock Exchange aad at the bank and all th public offices. The retorn from the Bank of Engiand for the week ending the 234 of December gives the following results, when compared with whe previous a a Public deporits,......£7,428,807 I€rease.... Other deposit 15,161 818 r, given great Other sccurities Notes unemployed. . The amcunt of notes in circulation is £19 pase Of £386,440; nnd the stock of bi in both 1, showing an increase of 4 with the proceding return jlways in the United Kingdom, ped for the week ending December 19, amounted lo £415,340, and for the corresponding week of 1850 to {A248 900, showing « decrease of £15,500. The cross re ceipt: of the eight railways having their termini in the 2), boing metropolis amounted for the week ending as above to £178,066, and for the correeponding week of last year to £181,446, showing a decrease of £4,590. [From the Liverpool Tuncs, (City Article) Dec ‘i tone of commercial aflairs has beea impro a taanber during the past week, instanced by the ¢ directors of the Mawk land yoster. aiter 4 prolonged delibera rom 10 to 8 per cent. This step on the part of the directors has gtveo general eatiefaction. The money market bas been easy, and the fall in the value of money has been rapit—so much so, that the Bank of England for some discount buriness, and few = hae had little or no cations for ac ommoda. tion. This circumetasce, together with the large repay ments steadily flowing in, (leating to Gra, ace in the reserye,) and the bulk of the recent heavy arrivals finding their way into the Bank of has forcea upon the directors the necessity of at once lowering the rate of discount two per ceut, and con. fident hoper are entertained that another Teduction Will speedy follow, and Ubat early in minimum rate will be 6, of ighest, 7 per cont. The jomt stock banks ant movement of the Bank of Fag!and, and bave announced their determination to allow ne more than 6 per cent for fresh deposits. A targe sinount of nog » seeking investment in govern went securities, anc the rate for money on the Stock Ex chonge was 5 per cont from day to day, and 4 per cent up to the settiement in Jan The acrivaia of gold have been to a fair extent, siderable. The Commercial Daily List says the effect of the reduc tion jo the bank raie hae been « fall of nearly 1 per cent im other quarters. Bille of first raw character done at 7 and other soceptances range at 7,0 10. The banks have gives notice that they will receive money on call at & per cont, aad on deporit at 6 ‘There is mo novelty to remark on in the bullion market. ‘The arrivals of gold have been consilerable this week, | and the Rank of Engtand has been the principal perchaser. There have also been one oF two imports of silver, which | bave beon readily takeu of the market at the eoptations: | ‘ si7 0 | Py . © new year the Foreign gotd in bars (*tandard), per ov Silver in bars (1 asesedt Gold coin, Portuguese pieces American eaglor 6.0... Doublooms, Patriot oo... cee Doubloogs, Spanish, Ten guilder pieces. Iver cow, Mexiean and South Ameriean dollars vanwh'pillar doliars + follow ing table will show the fuctnations since the 18th inet. console — Pip Meney.-=- For Account -—— Dee. Lewwont, Highest. Cloeing. Lowest. Highest, Cloa'g. fat. 1Y.ehut wl shut 4 GG 9295 Mon. 2 rbut shot 4 Os 8 | hut shut 2%, «(98 os shut = shut os By = but — shat 3 93% «= «931K chat abut at shut shut shut securities bave been firm, ,w.thout, however, ary marked aleration qnotations he return of the emport: and imports of bullion and peeve, pub din the London Gar 25th wit., shows that e the week ending Satorda: Dee. 10, the gold tmyported amoupted to tre valne 1,048,897. of which about ove-haif Game from the United Suates, The vaiuc of the eilver imported was £7,688, most of which was brought from Francs, Beiginm and South America, The total value of the import, therefore, was £1,148,545. The exports anounted te ii, of which £37,083 oniy War in gold, and £374,278 jn silver. A large portion of the | gold went to France, and neariy the #hole of the silver to | Todia, via hay pt THR REDUCTION IN THE RATE OF INTEREST IN ENG LAND (From the Loudon Chronicle, Dee. 25.) ‘The reduction in rate of interest now accomplished may | € accepted accordingly asa rign that the Bank Directors | Fave no present apprehension of « renewed pressure, and Save yielded to the compuleton of extern! riatey in dumi | | poldly ‘cut the painter’ | awhich witnessed the passing D | ence thrt domestic and After ances, and | afforded, the | to do from the chap; Nee ert “Oatve Boot Hschane® te ‘was so thorough: ci Le rain futons Mr every description. The Bank Di woecte or of the painter” which bound them to tae Indew. nity bill; and the com Te ration, freed from y Ww hve been 0 Hong € It is a rather curious coincidence that within the hour intell: arrived ms rw — ry ie lor, intelligence resul speci orn by the New York banks. The monetary crisis fits subsided on both skies of the Atlantic almos: simulta. jeously. Our American relatives have found by exgeri- it was ly im| ible to carry om their usval business without a circulating medium which both customers would consent to accept. a brief suspension, the United States banks of every class ave agreed to pay hard dollars for esentation. Ut their notes on pr inder # similar impulse the Bank of England consents to advance ata reduced rate. The motive is the same in both cases. And the re- sult will also be alike in London and New York, by giving a firmer basis and wider scope to commercial enterprise. AMERICAN BAILWAY SECURITIES. {From the London Herald (City Article), Dec, 26. Business Railways. Closing Priees.| — Done. Illinois Central 6 p.c.’75.] 76a 78 {| 76a 78 nT OX a 73 5a 1Wais, | 13% 14% dis. Mich, Central p.c. ocn 60] 80a 82 3 Do. do. 8 p. ¢. 1869 os Do. do. 8 p. c. 1866. - Do. $100 shares . -{ 55a 65 — Mich. 8. &N. Ind, (inking! fand), 7 p. c. 1885. .| Ba — Do, $100sbarce.. -] Wa 30 - N.Y+Central 6 p. ¢* (sinking) fond) 1883, 80a 82 8084 Do. Tp. ¢. Con., 1864.,..| 9a 92 a Do, $100shares.........{ 68a 70 - N.Y. and Erie 34 m. 7°s'83! 67 a 70 - Do. (8. fund) do. °75...] 40a 50 _ Do, $100 shares.........] 16a 17 Pennsylvania Cen. ‘bonds, Ist mtg. cony. 6 p. c. 7a 81 xc. _— Do. 24 mtg. con 6 p. 82% THE CRISIS ON THE CONTINENT. AFFAIRS IN FRANCE. (Paris (Dec. 24) Correspondence of London Post.) The report which had been circulated yesterday ot the Rank of Fogland having reduced the rate of discouat to 8 per cent, was premature, aud prices rather receded. The bullion of the Bank of France amounted this morning to above 270 millions of francs. Threes have'been done at from 67f. 9c. to 67. 85c.; Mobilier, 790f. to 800f.; Aus- trisn, 715f. to 7200. ; Orleans, 1,847f. 80c. to.1,350f.; Lyons, 860f. to SO5f.; Southern, 542f, 50c. to §47f. 50c.; and Nor- thern, $46f. to 950f. The market remained rather heavy to the close. {Paria i. 23) Correapondence of London Chronicle. Notwithstanding the great demand for money, and the possibility of empioying it to great advantage by lending it for short terms, there has been no crisis among those who have built upon such a large scale within the last three or four years. Ithad been anticipated that the rise in the discount | market would baye been the cause of great distress among those who had largely speculated in new Streets and in new houses. Such has not been the case. There has been a great outlay, but it has been done safely, and the city of Paris has been among the projectors. ‘That there will, however, be a diminution in house rent, and | ulteuately'in the value of house property, is most proba- , yet no sooner does # feasible plan present itself than Te are fouad persons williyg to embark in it. There are indiviiua's anxious to form a company for the pur chase of the house occupied in the Faubourg St. Honoré by the late Princess ration, for the purpose of forming 4 street to the Champs Elysées. The situation is certainly admirable, and the whole is perfectly practicable. MUNRO AND CO., OF PARIS. [Paris (Dec. 24) Correspondence of London Chronicle.) The American bankers, Munro & Co, have resumed ble t her payment under circumstances as honorable to themsely: as welcome to their constituents, ibe deposits they had received, and the Bank of France,jon being intormed of their position, has, with the liberality and caution that it has evinced throughout the whote of They have returned al the monetary pressure, consented to receive their accept- them precisely on the same footing of njoyed before Wey were compelled by the ir cOrrespoudeuts 19 the United States to wind aifairs. ‘They will recommence them with the c> and the kind feeling of ail those who hold inte- snd energy in respect, CLISIS--IMPROVEMENT IN THE MONEY SET AND TRADE. otrespondence of thi then (Mamborg (De The aspect of monetiry ull ie Proved (hat the lust arrangements made by ut Be have tally realized the expecta- thom. For some days. was felt as to the position id a chiof place on the Ex- ite understood that all the ated themse:ves have been aud the Knowledge of this fact has " to restore the confidence which the susper ion of Mesere. Schulte & Schemann, a house large. ly cogaged in the metal trate, had for a time again consid -rably eboken. Put even with regard to house, whore Britie tivbilities are very beavy, every ressonable aid was ready to be rendered until it was found that their atiairs bed not been se regularly condact- ed ag in a concern of «och magnitude ts absolutely neces: tary, when the asesi-tapce which would have been other Wise at once afforded was, under such circumstances gro perly withheld. From what bas transpired, however, it dtithoulan succeant appears that the assets are supposed W be nearly. if not | Altogether, adequate to the eventua! payment in ful! of all their debts, so that a temporary inconvenience will, in this instance, be the chief damage which the crediwra Will sustain, but even that, in times of pressure, is no small evil. Tn this case considerable biame justly attacbes to the London houses, who have been ip the habit of granting vers accommo. dation in the shape of unc this ready resource for raising money not been affairs of the house would have re quired to have been more carefully attended to, and it is, therefore, more than probable that the calamity which bas now overtaken them, and from which many others may also suffer, might, but for this indulgence have been altogether ‘erted or avoided, It isonly right that there remarky should now be made; for, having on more than one oceasion animad verted on ‘the conduct of those houses bere who bave followed a similar injadi- cious sy*tem with their Swedish, lauish, and other cor- respondents, it i* Bo more than reasonable to adopt the same course when it ix seen that iu other instances the consequence are alike injurious, and that London houses bave commitved the same fanit in their dealings with thetr Hamburg correspondents as those ot Hamburg bad with theirs elsewhere. It is, however, to be hoped that al! these matters will seom get into their proper channel again, and that the lesron which many have now re. ceived will not be without its salutary influence both in London and in Hamburg But it is much more gratifying to refer to the evidences of the improvement which already taken pine, than to continns to dwell on the errors that have been com mitted. There is in general no better proof of smendment in thie reepect than that which ie offered by the crrent rate of discount: and on this point nothing could be more eatisfactory than what can now be statet, First class bills have already been discounted at four por cent, and it ie a matter of regret among some of the capitalists that the amount of that description of paper now to be had i« so very greatly circomseribed. The rate of di-count to whieh the government commision is restricted is still 10 cent, and the natural consequence j#, thet the applications to them are by no means numerous, and while the two extremes bave thas been quoted, the general rate ranges between them according to the character of the bills that may be offered. Another criterion of improvement, wl there are no conrols to act ae a monetary barometer, may be found in the prices of the som of the two joint stock banks established here about a year ago. The Vereins Rank, which had fallen to 90, now commands 9; and the Nord Deutsche Bank, which had declined below 60, has again advanced to 75; while in both instances there still appears a tendency to further improvement. There is one class of Tive advantage from the more favorable state of affairs which tow fortunately prevails, and that is the shop- keepers. In so country ia the practice of the intere! 6 of gifta and presents at Christmas more universally rerved, and those who deal ia such commodities had, as usual, given their customary orders to France, England and other countries for the regular supply of their trade who will at this season de- before the events took place which were likely to di minieh the demand for their wares, and for a time imperative, it is not an easy Matter to overcome ed customs, and already every thoroughfare forest with the Christmas trees which bave for ages been recognized as among the peculiarities of Germany, and the demand for thor fruit seems to be very little leas ant mated th deb apsachind Sy ees od ay been regard- ed ae more prosperous thau this latwerly proved johave been. If ithad not been so, the distress would | bave become general in another — had hither. to -o far eecaped, and the London and Paris establishments which have furnished the supplies would not so readily | have obtained payment fur them s« they are now nw | hich bas so fortunately occurrs niderfil to see how soon after pass ing th freat a ncene of # ae that reoontly witnessed, everything resumes ite ordinary aspect. In every country there i some point im its history to which constant reference is made, and which haga general bear ing on every queeton that arw#es. In Hamburg that era hag latterly been the great fire of 1842, of which those who were thon resident here cannot yet speak withoa excitement, and although im that instance the calamity c ly exceeded the present in the extent of loss sna , the traces of ite ravages were merely more visible ese, however, were guickly removed, and the city rose trom ite raine greatly improved both in appearance and in convenionce. So may it be found that its commerce will sieo derive advantage from the severe ordeal ip which it hae now been tried, and the hope may therefore be enter- tained that other eulsjects in which England and Hay borg have a matnal, but less painfal interest may epeed) ly obtain n place in a correspondence from hence which & resord of the late struggle has for some time past »0 exclusively occupied. THE CURRENCY QUESTION OF BELGIUM. Drnsse!s (Dec 24) Correspondence of London Post.| The sitting of the Belgian Chamoer of Representatives, | the day betore yesterday. was buta brief one. Two re | ports Were presented—oue on the budget of ways and means, and the other on the bill opening temporary cre dite to several of the miniwterial departments. The mea ures wore fixed for consideration for the wet: day, and wg brought forward a short diecussion on the former t took place NEW YORK HERALD, MONDAY, J end ran no risk of demonetised. In- Rear of x the public the ci-cu- of copper-coin. That coin was, ne thoug *t, stead it was sible for Bel- " impossil herself of gold coin, which gium bo pera ie a View sot ted #0 maby advantages. Prrue Minister of Tinance replied that the increase of oop- per coin was contrary to the interests of the Classes, because it juced ye As to gold it was 1 ‘ jlver in the pS sole means of silver o ean hacen pilbisrviee being the more valuable would be exported, and dept money would alone remain in the % M. Pomortier (of the nes) supported the observations of M. Rodenbach. He could not understand why a go- verument which woven free trade in its programme xchange which was asked for, but a forced —_— What was desired was to compel a trader to receive 20f. a piece of gold which was worth less. At present exchange was perfectly free, subject to the condition of paying the rate of the day. He concluded by maintaining that the de- monetisation of gold had produced the best effects in Bel- gium, inasmuch as it had preserved her from the crisis and losses supported by other countries. M Dumortier answered that if Belgium had not been afflicted with crises, it was because the countries with which she did the largest trade wore frce $rom them. The question was entirely one of a practical nature, and if tradere and chambers of commerce were consulted they would bo found unanimously in faver of the reintegration ‘of gold, the want of which was constantly felt. ‘the bill was unanimously adopted. STOCKHOLM. A A letter from Stockholm of the 16th ult., in the Paris Constitutionnel, says:— 1 bas been stated at the Deacon ibanseoiaiices! ance has peceived offers frm house ip Varis to'furnich the Swedish government with 3,000,000 of thalers banco (6,000,000f.) as & loan, to be paid within six weeks from the day the agregment is signed. The condi- tions on which this sum is to be tent have not trauspired, but it 's aaid in financial circles that the terms are such as may be accepted, particularly in the situation in which Sweden is now placed. The number of failures which have taken place up to thie time amounts to 22, Am¢ them the most to be deplored are some large saw mill establishments founded by shares, and having a very large capital, Timber wa3 exported by them to England in ¢normous quantities, and the bills drawn for these sup- plies having been returned unpaid, the directors found it necessary to declgre themselves ‘msolvent, and conse- quently to discharge more than 2,000 men, who are now out of employment. SWEDEN, HOLLAND, RUSSIA, ETC. A Warsaw letter of the 17th wt. in the Cologne Gazette says —A dozen firms have suspended payment here, and great uneasiness prevails, as it is thought that the com- mercial crisis wil: extend to Russia. The commercial letters which have reached Paris on the 2th ult. from Sweden, Norway and Deamark speak of more failures. The First Chamber of Holland has adopted a bill tend- idg to alienate a part of the land belonging to the Dutch mission at Constantinople, that abolishing the legislation of 1807 relative to usury. VIENNA. {emma Dee. 21) correspondence of London Times.} When the ordinance relative to the stamp on newspapers was first published, my remark that the style of the official writer was anything but lucid, was declared to be “malicious.” ‘The observation was simply correct,as is proved by the fact {that sinve the appearance of the ordinance two explana- tions of it and three supplements to it have been published. According to the second supplement an allowance will be made for the stamp on morning papers if sent to the stamp office by noon on the 4 of their appearance, and on the evening papers sent before noon on the following day. This con- cession was made by the Minister of Finance at the urgent request of the pee of the Vienna papers. In the evening of Saturday it was defini- tively —— that the sum of 30,000, snap to Le raised(by means of a lottery) for paying the ex- at ‘the The — of ‘the constructiun iss and Western (Elizabeth) railroads during the year 18 It has been stated that the Pardubitz-Reich- euberg Company is to have three millions ont of the thirty, but my informant contradicts the statement. You may be inclined to fancy that the Credit Bank will have some little difficulty in disposing of lotte: tickets of the nominal value of £3,000,000, but suc is not I'kely to be the case. The money changers in the city assure me that the people have been so ‘‘de- moral! by the lottery loans that not ofe man in a hundred now thinks of buying government stock bearing five per cent interest, which is to be had at $34. Gambling has become a habit, nay, a necessity, and many thousands of citizens nave invested a great part of their proverty in lottery paper. Lotteries, great and small, are P seman by government, but any person caught playing at rouge-et-noir, roulette, hazard, &c., is liable to be fined 900 florins. The Austrian merchants and bankers, who are perfectly well informed of what is passing at Hamburg, are of opinion that the crisis is nearly, if not quite over. No more silver will be sent from this city, “as Ham- burg has seldom or never had so much silver and gold within ite walls as at the present moment.” Baron Brentano, the Ministerial Councillor in the Finance Department, is back from the city in que tion. According to the Wiener Zeitung no person will be,admitted to the Vienna Exchange who is not provided with a ticket, which costs about £50, There was a marked improvement on ‘Change to- day. The premium on silver fell to 6 per cent. Lon- don at three months was at 10f. 14k. Credit Bank shares rose to 205. AN ITALIAN DEFAULTER AND AIS VICTIMS. A letter from Rome, of the 12th ultimo, in the In- dependance of Brassels, says:—The affair of the Mar- quis of Campana continues to produce an immense nantion in this city. In addition to the two hun- ho have been thrown out of employment ng of hismarbie works, the charity school young girls, which he maintained, has been | also shut up, a fact which has given rise to a strong | feeling of discontent among the people. The lw | advisers of the Marquis have succeeded in getting rid of the criminal question, and the affair will there: fore now come under civil jurisdiction enly. The government has seized, as has been already stated, on the property of M. Campana for the 570,000 crowns, the amount of his deficit, but it remains to be seen whether the Marquis, in his capacity of di- rector of the Mont de Piété, could not make a4oan to himself, as he did to several commercial houses, this establishment at Rome doing the office of a commer- cial bank. An interesting episode connected with this affair is the following:—Madame Campana, the danghter of Madame Powell, whose interference aided in the liberation of the prisoner of Ham, is to leave for Paris immediately, to request the inter- ence of the Emperor in favor of her husband. Dr. ci, the physicien of the family, during one of sits to the Marquis, took charge of a letter from to his wife relative to this intended journey. Unfortunately, the Doctor was searched and the let ter found, and he was put under arre for convey- ing it. Returns of the English Board ff Trade, [From the London Shipping Gazette, Dec. 24.) The Board of Trade returns for the month ended the 30th November have been issued to-day, and show the following resulta: — The total declared value of exports for the month last past is £5,285,815, whilst for the corresponding month of 1855 and 1856 they were respectively £8,759,849 and £10 272,075. The total importation of coffee for the month in 1857 was 7,475,794 Ibs., against 4,26 2 Ibs. in the corresponding month of 1855, and 5,067,810 Ibs. in 1856; whilst in the same period there were entered for home consumption Me 2,595,940 Tbs., 2,978,816 Ibs, and 739,651 Ibs. Un. refined sugar shows an importation of 514,993 cwt. for the month of the present year; whilst for 1855 and 1856 the figures stood respec- tively 572,246 cwt. and 363,526 ewt.—the quantities taken for home consumption during the same being, for 1857, 502,476 ewt.; for 1855, 625, ewt: and 1556, 526,611 ewt. In wines of various descrip- tions the im tion for the month of November last amounted to 638,488 gallons; for the month in 1855-"56 they were respectively 565,517 gallons and RYT The quantities entered for home consumption in the same were, in 1857, 508,- 415 gallona; 1856, a and 1866, 643, 344 gallons. Of spirits, luding rum, brandy and Geneva, there were imported the month of the presen 500,695 ; for the correspond- ing month in 1856 and 1856 the figures were 1,078,- 969 gallons and 429,447 gallons. The quantities taken for home consumption du the same period were 390,162 gallons, 088 gallons, and 462,677 gallons respectively. Aa regards the shipping trade, we find that in the month of November last there were 3,020 vessela loyed in the foreign trade, with a tonnage of 764,023 entered inwards, whilst in the correspond- ing month of 1856 the number was, 2,596 with a ton- page of 755,705. There cleared outward during the same periods ively, 3,261 ships, 744,467 ton- nage, whilst in corresponding month of 1866 there were 2,828 ships, 750,111 tonnage, In the coasting le, during the month of the present year, 10,446 vessels 4 1,058,009 tonnage, en- tered inwards; and 11,519 ships, 1,145,455 tonnage, cleared outward. In the corresponding month of 1856 the numbers were—ships 10,050, tonnage 1,063,160, and ships 11.448, tonnage 1,105,454. Financial Corrw England Trading with and Me Fret a Nhe, [From the London Times (City Article), Dec. 24.) Trading by fictitions or doubtful bills having been the cause of all our recent commercial trouble, and the fact being proved that these bills are called into exisience hy the demand of the joint stock banks Cor some node of employing the enormous deposits which \y offering the security of the unlimited liability of thejr sharebolders they attract from all quarters, it is easy to see that the question whether we are to have in a few years a repetition of the evil depends entirely on the continnance of the existing law. The repute of the Western of Scotland, the Liverpool we 4 and the Northumberland and Durham trict benks had been doubtful for years, and every one knows that if their credit had sim ANUARY ll, 1858. Ply depended on the character of their manage | I WAR IO IDEA. would neither have been able to entice deposits nor ‘Tae : y obtain rediscounts from the London money lend- an by Oamp- ry ‘The facts that creditors for an te | bell—Sertes Severe ‘with the amount of £16,000,000 sterling are now out of S«poys—The Mutiny Considered at an End their claims; that about 2 are ruined or impoverished; that honest traders have for the past seven or eight years been driven from the market; and that commerce of the has, to a great extent, been placed under the organized gangs of , must therefore be, < the Bye which compulsorily invests such concerns the the: power they possess. other side? ‘Simply an assur- the 'y é shareholder Of all pretences, however, the fallacious is the old one, that the creditor should be protected against the shareholder, because it is al- ‘ways in the power of the latter to control his tors. ‘This was the grand point in the last subject in the House of Commons. But how a by rake any a the hore. mn man aee 28 "i phrase defiance astounding that it could be uttered. Was 7 ividual that either used or heard tion who could affect to be ignorant of total imaposeibiligg:of an Had ee etod &@ meeting ‘Western or the Great Northern Railway, 248 i = g i ee ih # £ ze u g Hl fest LB a y convenient uestions; and. it a r exam] questienn,aeth te feucot aay modest. but prt cal and upright man of business who ventured at any meetings of the Westerh ik Scot to Bu a doubt whether Bh edn for their ny, The portunity of knowing thoroughly t every transaction into which he enters, enjoying the paternal care of his government, and the poor country shareholder tempted out of his money and without a shadow of power to help himself, undor- going the rebuke of that ernment, would make an amusing picture, were it not that it would illus- trate at a glance the whole history that will sadden the Christmas of 1857 in a multitude of English homes. The Financial Condition of the United States. {From the London Times, Rec. 26.} Tt seems likely that the late commercial disasters of the United States will have their due effect on the policy of the government and the manners of the people. ‘This time the collapse has been too com- plete, the calamity too wide spread, and the causes too evident for the impression to die away, and the speculators to resume their old game as soon as the vibration of the shock has . The message of the American President is bold in its criticism of the existing bauking system, aud denounces freely the practices to which it has notoriously led; and now the Secretary of the Treasury, in his report to the Chief Mi te, does not hesitate to demand the interference of Congress to do that which the several States will probably shrink from doing themselves. Jt may, indeed, be as much out of the power of Con- pees the lecal Legislaturesto act decisively; owever the opinions of the government are not the less evident, and it is fit that they should be known and considered in this country. These first epeak of the financial position of the United States as represented by the federal treasury. It cannot be doubted that, although America is still an isolated country, which mixes peither in the wars nor the diplomacy of Europe, there is a tendency in ita ex- penses to increase until they approach something Kise the European level. The rapidly gage wealth of the community, the absence of debt, an the newborn desire for territorial extension, have led within the last few years to an expenditure on war- like objects for which, on this side of the ocean, we were hardly prepared. From the report, ot which we publish an abstract elsewhere, we learn that the balance in the treasury on the Ist of duly, 1856, the commence- ment of the financial year, was $19,901,325, and that to this was added during the year $68,631,514, making a total of $88,532,839, or not far from £18,000,0 sterling. Of the whole $68,- 631,514 collected during the year no less than $63, $875,905 was derived from customs. From this may be seen how entively the American revenue is at pre- sent supported by a system of indirect taxation. With a ine and ‘thinly peopled territory, with a people impatient of personal interference, with a great and increasing trade, and a strong propensity to indulge in foreign luxuries, America has found it her best, and, indeed, her only course, to raise her revenue from duties on foreign products. Even free traders bave acquiesced in this sys- tem, and coufine their ciforts to advocating a lowering of duties, on the ground that commerce would be invigorated, while the sum brought into the treasury would not be diminished. But the manner in which this very considerable revenue is expended is not lea worthy of notice than the means by which it is raised. The expenditure for the finan- cial year 1857 was $70,822,724, of which civil ser- ice, foreign intercourse and miscellaneous expenses took up 31,922, while the War Department and the Navy Department were respectively $19,261,774 and $12,72 These last two sums make up a total of $51 630, or over six millions sterling of our money. Now, although this is certainly not much, compared with our own enormous ex- penditure of late years, still it is a.considerable sum, and shows that the Americans are not so negligent in preparing for the eventuality of war as is commonly snpposed. If a people without an Loe un“entengling alliance” spends such a eum yearly, it cannot be acs of in any way forgetting that it has coasta to defend and com- mercial interests in every sea to support. In fact, military works have of lute received the especial at- tention of the government, while no pains have been spared in putting to sea vessels of the first order, armed with the most powerful inventions of modern science. In conseqnence of a lower tariff and the com- mercial crisis, which has lately suspended the industry of the country, the Secret confesses himself unable to calenlate with certainty on the resources of the treusury. The revenue is calcu- lated on the rapid developement of the trade and consumption ot the country; and, according to the report, it. may safely be calculated that the ratio of anyaal iner has not been less than ten per cent, though within that period there were two years in which there was a falling off, attributable, doubtless, to temporary causes. @ present year, however, is likely to add a third instance, and, in spite of the great resources of the country and its power to recover from any sudden pressure, it must be calculated that there would be a reduction of 25 ver cent in the imports, which would correspondingly Siminiah the federul revenue. It is saggested, there- fore, that there should be power given to the depart- ment by law to issue treasury notes for an amount not to exceed twenty millions of dollars, able within a limited time and carrying a 4 rate of interest. ‘The public debt of the United States is now merely nominal, considering the wealth and great- ness of the country. It amounted on the Ist of July, 1857, to $28,060,386, and since that time the sume $3,895, and $4,875,377 have been paid off. And Fhe continues to advocate the rac! of economy, “rey vod ay rdfal alike : the claims of t a treasure and credit of the gov ccumbat” he ques- tion of protection is then reviewed, and the secre. tary does not hesitate to enunciate the principles of page Ad all bed hein cavemen se irit which sends ow loring iti a cae into every sea with the policy which would shat out the juctions of foreign countries on the ground their conflicting with native in- dustry, and points out that the desire for ter- ritorial extension can only be explained on the principle that the Americans wish to bring as & part as possible of the world within the their custom houses, which is really a feeling inconsistent with the maintenance of a protec tive system. A certain class of tionists have asserted tha! a tariff calculated only to produce revenue and not to enforce se would be the cause of disasters like that which has just come upon the States; but the Secretary com this doctrine, and declares that the cause of these revulsions is the ondue expansion of the credit x tem, of which the banks are the main pri. effects of this system were exhibited in the fact that although the New York banks reported a larger amount of specie in their. vaults than that of their notes in circulation, they were unable to meet the demands of their creditors, owing to their credit —~ rations. To the undue expansion of credit he attribu' the fluctuation of prices and the extravagant habits of the community. The individual States had done nothing to check the evil tendencies of banks and commerrial corporations, and therefore it was neces- sary for the fed power to interfere. The period, he ‘says, has arrived for Congress to exnploy the powers conferred by the constitution to mitigate the sresent evil and to prevent a catastrophe of a simi jar kind in future, and for this purpose a compulsory bankrnpt law, to include two [asses of ofporations and companies, is necessary, The banks and rail- ad companies are those especially threatened. The Secretary of the Treasury would not seek to in terfere with the bankrupt Lew of the individual States, but would rather add a supplementary enact- ment, in accordance with the passage relating to the subject in the jent’s message. Whether these good resolutions will come to anything we cannot tell, but it is strange to see the knddeh conversion which has affected the financiers of the New World. —Twenty-four of the Royal Family Exe- cuted in Delhi, dic., dic., dic. The following telegraphic despatch from Lord Lyons was received at the Foreign Office, in Lon- don, on the 23d of December:— Mhe Pekin reached Bue this moruing, bringing Bowabay dates to the 4th of December, 1867. Pe q Alumbagh on the 2ist, ¢ On the Wd (13th?) active operations commenced, ao wand blog struggles ih the « chemy ened severe if wi On the 19tb, at having been bs garrison was relieved. and wounded, ladies and childrea, were sent back under an escort to Cawnpore. under the Commander in-Chief now amounts enen, simply. ena te. reduce Oude to entire subjection, a task which will occupy them for some months o come. Malwa field force, under Brigadier Stuart, has relieved Nusseerabad, dispersed the Efriahi and Mundesore rebels, and is now clearizg Malwa of tho insargents. fying columns under Bri Showers, Colonel Pomp ereds prremttint yep ar fia oo succees: ing their o1 everywi masses of European trocpe are teaching India soe outpon se laialy ie miach image peril and mt mt ‘The Governor eral and the Governors of Madras and Bombay at tho (ecats) of government. The above message reached Matta by her Majesty's ship Ta gn anen ataie ghia in MO telegraphed the following on the 23d Dookesber: » Dec. 19, 2868. “ALEXANDHIA, Sir Colin Campbell joined the force at the Alum! on the Nth | On the Idth ylt., after ascricg of S8vre struggies, the of Luckassw was relioved. ‘On the following day the sick, wounded, women and children were gent under escort to Cawnpore. ‘The Malwa field torce, under Steuart, has re- lieved ‘and dispersed ‘" Mebidpore’ rebels, and is cl Malwa of insurgents. ‘Tho flying columns under Brigadier Showers and Colo- nel Cotton are scouring Robilcund. Reinforcements are pouring into India, and all alarm for the garrisons and outposts han ceased. Business in the import market has been to a moderate extent. The money market is extremely tight. Very lit- tle bad been done in government securities, quotations (or which are unaltered. Freights bad declined. Exchange on London 2s. 23,d. for credits. The London Times of the 24th ultimo publishes theabove and adds:— From another source we hear that the relief of Luck- now was achieved with a loss of only four officers killed and forty wounded, and that Sir Colin Camnpbell’s force amounts to 12,000, ‘ The London Times of Dec. 25, gives the following which was received by the India Board ata late hour that morning:— Lucknow was taken on the 17th of November. Sir Colin Campbeil arrived at the Aluinbagh on the 12th. The fighting commenced oo the 13th. ‘wo guns were hos ar from the enemy, and the fort of Jellabad de- atroyed. ‘On the 16th, after a contest of two hours, Sir Colin Campbell succeeded in occupying Delkborab aad Marti- nicer. The enemy attem to recover their position & sel hours subsequently, but were repulsed with heavy joss. On the 16th the Commander-in-Chief adganced across the canal and wok Secunderbagh, after an cbetinate strug- gle. The heavy artillery then opencd on the Samuch for ‘Ubree hours, and the position was carried at dusk after a desperate fight. Karly on the 17th communications were opened with the barracks; a lopg cannonace was commenced, and the mess house was carried by aesault at 5 o'clock I. M. The troops pushed on and ocewpied the Motee Mohal before dark. Sur J. Outram and Sir H. Havelock then met Sir Colin Campbell. The following officers were killed and wounded on the 16th and 17th. Former losses apd loezes of men on the last two days bave vot been yet stated:— KILLED. Midshipman Damien, Naval Brigade; Capt. Hardy, Roy- al Artillery; Captain Daizel!, 9d Highlanders; Lameden, s0th Native Infantry; Lieut. Franckland, 2d Punjab Infantry. WOUNDED. Sir Colin Campbell, slightly—does not interfere with his p duty; Maj Alison, miliury weoretary; Capt Aligon, Aid. de Camp; Capt. Austen, Aid-de Camp; Lieut. Sadlod, Na- val Brigade; Midshipman Kington, do; Capt fravers, Royal Artillery; dis, Licut. Milman, Ro do.; Capt. Hons, wk, do.; Lieut. Ford, do. ; Assistant Surgeon Veale, ; Capt. Hammeord, do.) Capt. Railton, lier M d; Lieut. Munroe, do.; Maj Barubeon, Her Majesty ; Lieut. Wiane, do.; Lieut. Rowell, do.; Lieut. Col. Tweart, 3c Highlanders; Capt. Burrougbes, do.; Lieut. Cospar, do.; Lieut. Werh, do ; Lieut Madtid, do. ; Lieut. Wood, do.; Ensign Macnamara, do, Lieut. Dobbs, Ist Madras Fusileors; Lieut. Raton, 2d Punjab Infantry; Lieut. aul, 4th Punjab Infantry; Lieut. Macqueen, ¢o.; ‘Lieut. Olafield, do.; Lieut. Haokee, Hud son's Horse. CAWNYVORE, The Gwalior rebels had advenced to within 15 mites of Cawnpore, but had again retired to Calpee. Genera Wind- ham ts stated to Lave marehed to attack them, DELML. Twenty four inferior members of the Royal family were executed by sentence of a Military Commission oa Novem- ber the 20th. Zukeen Abdoolah, an influential rebel chief, was exe- cated on the next day. A force under Colonel Gerard proceeded to intercept the Jodhpore Legian, which with other rebels had appeared in Shekawattec. The force mot the ememy on the 26th of November, near Kurnaul, and defeated them with great slaughter and the lors of all their guas. Our loss was 15 kilted and 45 wounded, b1t Colonet Gerard was among the kided. AGHA. The detachments unter Commel Riddell and Major Old are employed in clearing the Ul-your districts; Major Old, ‘on the 1ath of Nowember, fell in with and dispersed a body of the Robileund insu! All was quiet in the The Goguria rising has deen entirey put down. Neemuch has been besieged by the Mundigire insurgents (or nearly a fortnight, Un the ‘Det of November an attempt was made to take the fort by osealade, but the enemy were repulsed with great loss, fid the siege Was raised on the 220, The Mhow column, under Brigadier Steuart, was at. tacked near Mopdisore by the tveurgente on the 21st of November. The insurgents were repuwed. Ou the 23d the column advanced to the north of Mundisore, on the Neemuch road, and found the rebels in a strotig position, with five guns. The position was immediately attacked, and the rebels defeated with the loves of all their guns While this battle was in progress the Mundisore garrison came out and attacked our rear, but they got well beaten alto. The rebele in the fignts Of the 2ist and 23d lost 1,600 men, while our loss was in covsiderable, Lieutenant Geamayne, of ber Majesty's 24th Dragoons (?), was killed, and Major Robinson, 25th Native Infantry, wounded. The column afterwards’ wok Mundisore op the 25th—the rebels having evacuated it on the pight of the 2 ‘The fortand town of Saugor remain antouched, but lnrge parties of rebels are in the surrounding district. A | part of the Madras colnmn deleated a body of the insur gente near Sconce, on the Subbulpore road, on the 10th of November, and took two g Captain Fomenham, of the 4th Madras cavalry, was kilied, and Lieutenant Clarke, the Depnty Commimiener of the Jubbulpore, severely wounded. The Bhee! disturbances in Kbandeisb continue, but the Bheels are contined to the hilla, and will be at tacked in tuoir stro: # when the jungle is cleared. The blivister of the State wa, stabbed in his of- fice on the 23d of November by an Arab soldier. The wounds are slight, and the Arab was actuated by private motives only. SOUTHERN MURATHA COUNTRY. Intelligence has just been received of a rising of some Reruds near Movabole. A foree was advanced from Bel gaum to restore order. The state of things in that part of the conntry js not satisfactory. The remaining part of Une Bombay Presidency iv quiet. Reinforcements have arrived in the Warrior Queeo and the Italian, but more are urgertly requited. All is quiet tm Madras and the Nizam's country H. ANDERSON, Secretary to the Government, Bomnay Castix, Dec. 4, 1857. [From the London Times, Dec. 24.) Best among the good news which has of late ar- rived from India is that which we publish to-day. Lucknow was relieved about the 20th of November, and the women and children and wounded safely sent back to Cawnpore. The series of operations which has ended with this happy result will be easily understood by those who have followed the narry tive of events as transmitted by former mails. It will be remembered that Sir Colin Campbell left Cawnpore on the 8th, with a force which has been variously estimated at from 1,500 to nearly 6,000 men. In the meatime, the column under Colonel Grant bad reached the Alumbagh. This force was also differently calculated by ditfe- rent authorities; bat if the estimate of the whole strength at present under the Commander-in-Chief be anything like correct, the column mast have y some additional force until it num- bered far more than the 1,800 which was at first sasigned to it, Sir Colin Campbell joined the force at the Alumbagh on the I1th,and two days afterwards active operations began. From the deapatch of General Havelock, detailing the events of his en trance in September, we may form some notion of the difficulties which the British commander had to encounter nearly two months after, when the enemy had been enlightened on our tactics, had discovered the weak points of treir own position, and had had time to throw up works at every place against which an attack might be directed. It seems fortunate thatthe Alumbagh was occnpicd by us, or else the river, some iniles to the south of the town, might have been once more gaarded, the bridge bro! down, and our troops subjected to much los while crogsing onder a avy fire, But as it is we have no doubt that the line of the ca nal was defended, the road broken up, and the part of the town near the King’s Palace, where Havelock forced an entran put into a better con- dition for resistigg an enemy. Ht is not to be wot dered at, thereto, hat for six days there was, cording to the Rem gD a series of severe and bloody struggles with the enemy. Doubtless, too, the mutineers had improved their method of street fighting, and'that much of oar loss took place while the troopa were making their way through the straggling town, which, though not solid enough to | tage of the troops, reeist the fire of artillery, might well shelter hordes of Sepoys, who would shoot down our soldiers at wwnpore. We that the Residency had bee! the 19th, as stated in our own telegra therefore, news;” it would seem, then, that officers were found in good health, and that Gem, tram’s wound, of which so much was said, had ed serious. his race to overthrow the power to which dence has, after so long a struggle, confirmed the dominion of the East. The ment despatelystates the army under the Commander-in-Chief to amount to 22, men. It is evident, however, that in this estimate there is som Serer It is either an error of the tele- piss for 12,000, or it must include the whole body of troops which are on their way up the Even 12,000 would seem a large number, considering the difficulty of transport, and the fact that the gba estimate on the arrival of the last mail was only 10,000 or 11,000, including the liberated guitison of Lucknow, and that in the ax days’ fighting this force must have seriously imi ed. However, as it is ex- pressly stated that the large masses of Europeam troops were reaching India weekly, we " without being over sanguine, belicve that up of 20,000 men are at least on their way to Lucknow. The lack of steamers on the Ganges and the necee- sity of sending every man by a bullock cart must, of course, make the process of transport long and wearisome; but, as we aan eee that in six months the government has time to or; o fair system of communication, it is likel; rein- foreements would reach Sir C, Campbell in time for him to give a good account of the Oude rebels before the end of the year. At least, the country is delivered froma all anxiety on the subject. The Indian mutiny is now atan end. On all sides we hear of nothing but the defeat and dispersion of the rebels.@ Nusseerabad, im the isolated British district of Ajmcer, bas been relieved by Brigadier Stenart, in com- mand of the Malwa field force, the a the southern districts sbout Neemuch and Munde- sore have been dispersed, and Malwa is being clearea of insurgents. Thus we hope that the whole Mah- ratta country will at once be reduced to tranquility. The Gwalior Contingent has been already beaten, and, Sie a apart has penetrated to Oude a number of the men bave probably dispersed to homes. The insurrection was, at the date of the last mail, active oulyn Rohilcund and Oude, and we have now the grittifying intelligence that the flying columas under Brigadier Showers, Colonel Cotton and Colonel Tiddel are scouring Rohilound, a success attending their operations every- where, It is almost certain, then, that at the present moment the finsurrection, if it still exists aé all, ia confined ‘entirely to the lately annexed province of Ouded vountiy which, though thickly inhabited, is of limited.cs.te: @ndgvholly surrounded by our own armies and those of the Prince of Nepau!; whe bas shown himself out steady ally. Jung Baladoor has already done good service during the war, and there is little doubt that if the Sepoys retreat northwand they will be attacked and cut to pieces by the forces under bis command. Such, then, is the’ position of the Indian Mutiny within six months of the day thas it first broke out and carried terror through the country, On every point the rebels have been met, defeated, and dispersed. The Lower Provinces, om the one side, are Peery tranquil, On the other, the Punjab, Delhi, Agra, and Kohileund are firmly subjected to our authority. To the South the turba- lent districts of Cen’ India are settling down uuder the British Residents and the Mabratta whose Png A has been so exemplary; and on the North the Nepaulese Prince is preparing to crush every band which may make its way to his irontier. The whole treacherous Sepoy army is as it were in # trap, and must in» few weeks be cnt to pieces or submit to our mercy. The towns and petty villages will & but litdle shelter to the ruffians who could not hold Delhi and Agra, we and Lucknow. The task of Sir Colin ll is now comparatively easy. With a sufficient force he may march from one end of Oude to the other in a month, scatte: the mutineers where- ver they may attempt to make a stand. In fact, the large army which has by this time arrived in India will bardly find an enemy to contend with, and the 5,000 men which the Chinese expedition lent us may be son returned with interest. So ends the great mutiny of 1857—the terrible ous. break which was to shatter the power of Britain and send her begging Sor foreign assistance at the of Gibraltar and Corfu. The lesson will ha: be forgotten by ourselves or by the nations around us. {From the London Post, Dec. 24.) * * i It is well to know that the army ander the Com- mander-in-chief now in the field, amounts to twenty- two thousand men. These forces are well and disciplined troops, having the utmost confidence in their commander—a confidence which their com- mander fully reciprocates. The lieutenants of Sir Colin are tried and skillfal soldiers. There are Have- lock and Outram, and Greathed, and others, all of whom, if spared, will pins ye richer rewards. Am army such as this is capable of reducing stiffnecked, rebellious and fanatical Oude to complete subjee tion. That task is sure to be accompi d in the early spring, if not hefore. (from the London Herald, Dec. 26. Further details of the terrible but glorious strug- gles by which the relief of Lucknow was accom- plished have come to hand. Sir Colin Campbell ving arrived near the scene of action on the 12th ultimo, the fighting commenced on the 13th, om which day two guns were captured from the rebel army, one of their forts was destroyed. On the 16th the persevering chieftain pushed ‘his successes still further, when the enemy endeavored to drive our troops from the vantage ground of which had obtained etek but failed in the ai ‘On the 16th, after “an obstinate struggle,” Sir advanced — bey Bp and wrested another strong position from the grasp of the foe. The heavy artillery then played for three hours, and after ® desperate fight a further advance was secured. on the 17th commonications were opened with the barracks, a long cannonade was commenced and the meses house carried by assault early in the afternooa. The troops pushed on, and before dark Sir Colin Campbell joined Sir J. Outram, Sir H. Havelock, and their brave band. In a series of encounters of this character the loas of life must necessarily have been considerable. The returns of the killed and wounded amongst the offi- cers in the contests on the 16th and 17th have been communicated by telegraph. It ra that five were killed and thirty wounded. Commander- in-Chief's name figures in the latter list, are are assured that the injury which he recei was ecution of his duty. "All have dane thet duty woNty ecu! Ly. ve jut and efficiently, and the fuller ot the aperations by which the relief of the bel garrison of Lucknow waa effected will presént abum- dant proofs of the aw skill and daring cow officers and men. We await these accounts with anxiety, and better intelligence than that communicated by the telegraph, for many blunders have been made in dates and the names of places and officers, garner’ | On the other band, a rising had occurred in the southern Mahratta country, and the state of affiira in that part of India is declared to have been unsat isfactory. A force had despatched from gaum to restore order. Minister of the Kola- pore State had been stabbed in his office on the 234 ult., by an Arab soldier. Although reinforcements had arrived, more were urgently reqnired, and the general condition of India was not considered core. Such is a sum of the chief items in telegraphic despatch received by the India Board the morning of Christmas day, and our readers doubtless look forward to the arrival of farther de- tails with impatience if not anxiety. z Franee, REDUCTION OF THE ARMY—THE SENRGAL GOLD MINES—-CONTEMPLATED MINISTRRIAL CHANGRS— BRIDGING THE RHINE—STOCK GAMBLING. We have the following news summary from Paria, A farther reduction of the had been decided upon, and the Minister of War had ordered 30,000 renewable furloughs to be prepared. Rumors were current of coutepplated gbanges im