The New York Herald Newspaper, December 17, 1860, Page 2

2 STATE OF EUROPE. Our London and Paris respondenc an THE LONDON MONEY MARKEY, &e., &., &e. We give this morning some additional extracts from our files recetved Mr. G. 8, Thunder, who was chief engineer on bord the Hero, has beeu tried by court martial for belug drunk on the 26th of October, soon after the Hero left P Ho pleaded the temptation of hospitality to visit Defore the Hero sailed, In c eration of his previous! high character, his punishment was mitigated to repri mand and dismissal from the Hero. It would appear that Europe is destined to hear ere Jong of Polish nationality, Lettors from Posen state that ‘the Polish journals openly declare that Poland must be again the Poland of other times Lord Higin’s despatches down to the 25 of September have boon published in the London Gazdte. The Impe rial Commissioners had made a communication to Lord Higin, declaring that their powers would enable them to conclude a treaty, and that they were willing to signa convention identical with that recently proposed to Kweiliang—the terms of which have been repeatedly be fore the public. We learn from the Gonstilutionnel that the Freneb troops are trking up their winter quarters in Syria. the Europa i} Our London Correspondence. Lonvon, Dee., 1, 1960. Affairs in Burope—What is and is not Being Done—the Bag Wish Brigade at Naples—Condition of Italy—European Dynasties —The Prospective American Principalisi s—i'ro- posed Commercial Treaty Between England and Austria— The China War—The New English Serial, dic. dc Adairs in most parts of continental Europe are as bally mixed up as © Gaeta wou't surrender; young Bomba won't clear out, though he kuows nobody wants bun Louis Napoloon won't withdraw his fleet; Garibaldi won't come back from Caprera; the Neapolitans woa’t be cor dial to their new king; Cavour won't be courteous to Dictator; Antonelli wou't be an honest Christian; the Pope wou't run away; the Hapsbarg won't grant a deceat constitution; Hungary wou't haul in hee horns; Ventia ‘won't be quiot, and the Devil seems along while in getting his own. Probably by-and-by there will be a dierent Btory to tell. Gacta falls, Bomba mizzles, the Pope slopos, Venetia is in flames, Hungary revolts, and thea the Hapsburg comes down on his marrow bones ia mortal fear and promises anything, but, like chicken, be speaks late, and very a domestic rebellion of the hand of an assassin will put ‘an ond to a dynasty that has reigned on the banks of the Danube for a thousand years. All is—not glorious—but dubious uncertainty, Fag land and France seem to be about the only countries wa Rarope that enjoy comparative tranquillity, and Bug! sad alone seems the only eountry where revolution does not some time, prospectively at least, rear ber horns. Aud the English seem to get along much better in managing ‘@eir own business than in arranging the affairs of othor pations, Lam not sure but the valiant Celts who made war for the Pope, went to Italy for wool and came buck shorn— Will be able soon to turn the laugh against Jobn Bull. The English brigace at Naples, from ali accounts, seems to be fo very much the same condition of Falstaifs ragged regiment, that he felt ashamed to march with through Coventry. If the uglish people be uot ashamed of the condition and treatment of the adventurous couu trymen in Italy, then I'm « pickled herring. By ali ac ‘counts “no eye hath seen such seare-crows.”” The fact is the bead and fy0« and soul of the war has departed, the god of their idolatry has gone to bis little ecean farm at Caprera, and which King Victor had splendidly fitted up aud planted for bim in bis absence; and thore he is awaiting the turn of the times that calls forth his trusty ord again. AMuirs in the Italian peninsula are in a great muddie, and 1( car it will bea long time before they are much better, Matters with poor Bomba grow worse and worse. The patriots are getting their pwallels ‘and approaches drawn closer and closer, apd the tual hombardment ie te cummence in about a week from this time, Reactions had taken pines in vartous provinces Outside Uf Naplon, and some hostile bands bad raised the ery of * Viva Mrancesea!’ “Down with Victor Emanuel!” ‘Then, again, highway robbery had become quite com- mon, The priveipal care of the new King bas seomod to de to keep up his State, meet deputations, receive poti- tions, and in concert with Count Cavour to distribute the various offices, houors and rewards among whom? Why, the creatures from Turin, amost entirely ixnoring the existence of Neapolitan teemen who opposed the late King, and Garibaldian oflicers whe drove him away. ‘That mode of provedure never will do, and we can only come to the conclusion, which @ great number arrived at some years ago, that Vietor Emanuel is a man of go wis- dom, firmncss or aagacity. It is not agreeable to believe that the Italians, after their heroic struggles, where they fought more like gods than men, have got a sort of Jolly King Charles 11. for a soverpign. It took the valor and sagacity of @ Washiugton to lead them to victory, aod it will take the wedom of a Washington to give Peace, quiet and stability to the nation with its hetero- ns pationalities A long and stormy career is be- fore them, and unless industry, patience, a wise govern ment, liberal laws and enlightened education combine, there will be no hope for a united Italy. It is a happy ‘hing to overthrow a tyrant, then “they sleep in peace. the tyrant being slain.’ but ft doey not at ones bring joy and plenty and quietnoss to the yr eed bores wy You im Amerien have had forced upon your minds very Prowinently the curious coincidence of a vant stirring Df Political elements simultaneously on both sides of the Atlantic, and while here in Europe a good many different peoples seem to be tired Of thetr sovereigns, and chang ing th governments, you have some rerticss spirits who would be lad to rend the Union in pieces Let think twice before they act. What Kind of & picture does the Almach de Gotha for 1861 present in A more enumeration 0 the crowned Roads of Karope ? ‘There nrc—inciading thaye Kinglings lately upset in the Duchies—47 reigning sovereings tu Rurope. Think of that, Master Brooke. * Forty nine Kings and Queene to reign and rule ov: tract of country scarcely larger than the portion af y country cast of the Great Father of W: Aad when you take an analytied view of them you will soe thore are only some five oF #ix thit have aay position of power atall,and thas a greatextent the poopie have a good position, are well cared for, have room and verge enough to move about in, aud possess a distines gational character to be proud of, in proportion to the sizeof the country There are, however, exorptions. Thos, {6 8 free and prosperous and a happy counter, ublic, Compare, if you will, the poritic ive resident Portuguese, a Tuscan, © Koman, @& 8 bative of some of the little German princi palities with the French, the Prussians, the Rasians, or the Faglich The natives of the little pyctet bo Fonghs—or, a8 you would aay , the “one heres king doa cam only travel afew miles before they come te frontier, where paseports, now laws, new regalatious Rew money, custom house d nd probably new jan oager, makes the seaterce pronounest om the bus tors Of Fabel a direct and perpetual pemahment. Think of the hoger of having a (oll ete (he vast domains Of the Prine: of Schaumburg t who hee just been galbere! to Dis fathers, ber an upiaterrapted tiga of eveniy three years, atid who bas lefty aoe wheee “aching brows” by ' three yeare; oF to be aud ei ¢ man Oovthen—a sovereign of forty tour y wish to insult the hambiost reader who ly with a perusal, but really ( exonot Relp faneviag tha: E thousands who rowl the names of orn t kings of earth” now for the firet time; bet ir 1 aware then that joking, but giving from a offeiml reliable © names of jHvemexcopt old Schaum dare Lipp has just gone off to som Kiag + heaven te join | Fighth, headless Charles, Julii® Caesor, Aloceu gurtha) and aumero@® othere, some who wm not | —_ whe ‘and very many who wore ways brainioss, } ut Tegal sovereigns, who “strut fret tie ar upon the stage, and ¢ heard fo more.” Now, Lf if a man be a mative or a citizen O° France ‘of Rossin, of Groat Pritein, of Bragil, or tae United ‘States, he partakes of the digaity of the powerful ation Of which he forma & part; bat, reall nor any ty at “ native of the dominions of Behwarztvarg of Bohemia, though some “Bovembusa’ are persons of mo nl Ny or what it i % ©, of what T am a Very much, f astute you Tf | | | | | | | strong gunk ina single campaign. | so what we aball see. | ling and amusing writers and 60 On ad infinitum. nucleus of a Hungarian Legion is just forming at Naples, auc when Garibaldi and Kossuth got their piaas laid itis supposed that s trip wwards the couatry of the ‘Tyrol will be set on foot. By the way, Messrs. John Arthur Roebuck and John Orrell Lever, two well known mombers of the House.of Commons, have just been om «tong visit to Vieuna, ty ing to lay the basis of & commorcial treaty betwoon pit ant Austria, similar ty the one that air, Qubden Las been so instrumental in bringing about between this cquntry and France, From public accounts and private sources, Tloarn that there ig a more thar probability that the com: inereial spirit Who foun led the Gaiway sto an Line and the monber for Shetiield will bo successtul. If they ars it will Open Up a hew era tor Austria, and in time lay the foun dation for that vast Wad: which should have existed, and which must some Jay exist betwoon tho great Europsan hationalities. The negotiations arestill goug on, aud if the oung Emperor of Austria is well adv'sed, he will Soon fend andully in John Bild nm moroly pgan honest and proitable exchange between rian wines, Austrian minerals, grain and maudfac- tures on the one side, aul the goods, wares and fabrics of Manchester, Leeds and Sbedlek! ou the other, 1 seems the day of commercial treaties, You havo lately increased your trade and businees aad political in- tercourse with Japan, aud bad a siy peep at the Empo- ror’s tea pot at Pekin ‘Talking of China, the Celestiais got afew illustrious Jobn Bulis im a tight piaco, ant among them the s¢ore- tary to the embassy, the interpreter, aad Mr, Bowiby, the special correspondent of the Loudon Times. They wore Out on a sort of surveying party and got surrounded, made prisoners and carried to Pekin, whore they wore at ast accounts “doing well.” Great couldenes seems bo be expressed in the Fuslish journals tht they wil be Kindly treated and have a “safe return,” but I eoufess am not very sanguine. Those beasts and brates will do anything. And the two powerful nations of the West ace not going to sash up that piece, or rathor that set of China as easily as they at first supposed. 1 am expeot- ng to hear of a terrible reverse they havo: half accomplished their object; but wo can hepe forthe best. ‘Threo or four hundzei million people, who have kaown the use of gunpowder for a thousnnd years or more, are not going to bo shelled out of haif of Asia by a few Arin- But let us wait and You will get by this post the announcement of the death of Chevalier Bunson, aman, like lis great eoun tryman Baron Hamboldt, tilustrious both in seicntitie and diplomatic circles, At ington, where he was! weil known, [doubt not bot there will be suitable marks of respect shown to his memory: Baron Banson was one of orn times, and greatly vols character, rth of & new London maga Ibis condueved own as one of the most in Dickens’ Houserokt Words, and known to us bere in Lon ion for his numeroud and able editorinis, which have given a very high stan ting to the Daily Tlegraph, It is (ie largest. Shilling’s worth of Magazine reading ever sol) to the Bnglish public, contain ing M4 octavo pages. ‘The editor makes bis bow most pleasantly to his readers in some “Travels” very as literary near home—in fact in London itself. He say he happens “to be for once the sole editor wad erductor of this azine, I have an up toubted right to compose in my own fashion, and therefore offer for bevianing those ravels in the Count fesox”” with a diss-rtation I don't ask you to rend a line of t on are not ‘Ther ish contributor had Db: tmore matter than ever for a shilling. Let! that short be my sheet to list. Cat iwout if you like when you’ send Témple Dar to the: binder.” And, judging (row the first wamber, a formidable rival it will be tor Thackeray's fruitful Cormkill. Mr, Sala hos as sociated with him, 1 understand, as assistant, another Literary geatieman little less known here in Loadon | taan he is Bunsei?, Mr. Féinund Yates. One hardly knows whore all the readers and buyers come from who con- fume Bo Many wewspapers, serials and magazines—I should prest inc four times the namber that were printed in 1860, before the restrictive laws first began way and unshackie the pr give s But “timerease of apatite grows by what it feeds aud good writers and good popular journais have vastly multiplied the readers. And yet, a real, universal literary, or era hus but just begun to dawn upon England, With a majority of the population the ignoranes is frightful, and it ts astoniehing how many of dhe: liverally ednoatéa are profoundly ignorant of the clements of the language iteelf. An Bughsh rudimentary, or spelling book, to Your sebooi teachers wouki be a curiosity, le Bar Magazine ailords & substantial proof that there are many. lerary minds of abigh order here. Long may it flourish | Our Paris Correspondence. Panis, Nov. 29, 1860. The New Reforms inthe French Government— Ministerial Changes—Impending Struggle Between the Emperor and the Clergy—Popularity of Napolem I1I.—Warlike Pre- parations im Austria Affairs in Italy—The Secession Quostion in Paris, dc. In my last letter I mentioned the fact that liberal re- forms were contemplated by the Emperor Napoleon. 1 was not aware how soon they would take place, ‘Ths day following the posting of tho letter in question, Napoleon IM. decided upon granting at once such legisiative reforms, and made such Ministerial changes as must ploaso his people, It was only late in the afternoon of last Sutur- day that his plans were definitely settled, and Sunday last the decrees were published by thy Monitewr, the celal journal, Before this letter reaches you, your 8 will have become familiar with the decrees, and will have seussed the Ministerial changes. I mast tell you that some of the present appointments are consider. ed here as merely for the time. Thus, Count de Persigny, who has now tho portfolio of the Interior, will, © says rumor, remain at that ministry but a few months, and that he will then be appointed Minister of Foreign Affairs. It is aaid that M. de Persigny wished to be at the Interior long enough to remodel the Corps Logisia tif ina most liberal sense, and that to elvct this that body of the State should be dissolved and new members elected. Iam assured, however, that tho present mem. bere will continue for at least a session under the new regime. M. de Flabaut, who is the new Ambassador at the Court of St. James, will, Iam assured, remain but tem. | Emperor, with the exeept | Journal, Tuithful to ite prejudices, cannot w foun. 1 tangy fy dim perspactive=wory lin, no don ita ot OP tiitee commusmacativ of plaest, as wail (wor fon Wight give as the Dako of Ya | Levttava the caci @ Batou Bogue, or Birow porarily at that post. M. de Flahant was nominated at the instigation of M. de Morny, his son-in-law, who, when pressed by the Emperor to accept the nominatiou , Preferre:| remaining Vrowdent af the Corps Legbnldsil. M. de Thouvenel will, it is said, succeed M. de Fiahant in London when M. de Persiguy leaves the Interior for the Forcign Affairs. M. Fould, former Minister of State, is now in retirement, having refused all posts of honor that were offered him by His Majesty, Ho retired from office, I am assured, because he did not like (0 undertake a struggle with the clergy, and as one is imminent, he offered his resignation to the Einperor, who, appreciating his motives, accepted It, M. Fould ‘will ere long, Tam led to believe, bo named Minister of friends think this the more likely from the fact that M. Foreade de la Roquette, the newly appointed Minister, is a young man, and just the sort of persoa that would be chosen to act pro tem. Whon M. Fould took hia leave of the Emperor the following scene occurred. You are no doubt aware that M. Fouki bas ever been a warm friend and most devoted servant to Louis Napoleon, who in his lays of adversity had at hie dispose! the and the coftars of his friend. At thoir last interview M. said, “Site, te t© assure your Majesty that he will ever find in faithful ‘* and friend, and that my life and my fortane «bal! ever be yours.” The Kmporor rose from seat embraced bis Minister, and said “Monsiour Fuuld, f to know that althoagh | lox: Minister, nay old (ri i #till posses." Should M. Foald not accept the Ministry of Finance, he will most likely bo name’ Arch Trenanrer, fe he hax, Tarn agsurest, just refused to accept this post. th * natare of the stroggle against the clergy will now de changed, ane that change will insure for the Emporor personal ity. Thus when their machinations be- the subject of discussion in the Chambers, the mem. ders will eal! upon the Emperor w act, and it w by She adview of bis Legislature that he will tnove not at his own thatigation. Bot ail forosee etill more liveral ministerial changer, for it is evident that as matters new stand the ‘Ministers an whoo at eapnaible, and vf the Cham the Ministers, omy fe we . The effeot of tho reform: ed ts indeed grent, and must cut to the heart | the clergy that were moving heaven api earth to con vince the people that the Emperor was a seffiah tyrant Thronghout Furope the preas praises the liborality of the of tho Landon Timer; that why, at a moment of prosperity and stab French government suould becume more liberal, ts, to say the least of it, a narrow minded view of th Utical changes in Franee, but then, noone ever expects consistency or truth from the London Times, Austrie is continafag her warlixe preparation: fe evident she will ht in the apring land united ean alone avert the @orm. Lat us hop: they Tay undertake the task ere it be tov late. Austria lias at last wokened to the necessity of controlling in « man ner a portion of the London press, and her agouts are ‘bow in that city busily endeavoring to bay up som- able pone. Rut Austria will with difton'ty find friends among the English, who foel that ehe is soon to endanger the Peace of the world by astubvorn and uscless straggle to retain ‘inee that ik of no ume to her, in fact an bm wg & burden, which pride alone protents her ing at once. Victor Emanuel ie now in Sietty, Hir Majesty will find ahard matter to reconctie ‘be Jealousies of his new }, and he will have a hard time of i getting his io some sort of order. Cavour Ls ie purded. Ist ts hope, humanity, that the statesman may suc: retreat from the at tmuch founda. jong as tae French state of alain on yonr sido of ths wa Attention here, and t#8 matter of regret t© the more enlightened clisees, who doprocwe aay 0 ih om admired melt cc) ome mae of your Paria livers, aa mumber of Hae Usman i i ii ah | Nechitcehes, and South Carolina ould turn out Geueend | that ronched bere last week, I notice: | Ceattleburn, welkere etna bare alee wetee' my fellow corres: ‘you will soon <ceire Prince Alfred, or some other member of the royal jamily, to govern yea. I am sure that no om —_ ment Was ever expressed by any French people. Your corrvapondept may have heard Tnees things at the Eng glith Favbaesy, but surely he did not in any Parisian ewoes. On the » the people bere have sense enough to appreciate at just worth the demonstra- tious mado by the American je upon the occasion of the visit of the Prince of Wales. They do not, as asserts your correspondent, imagine thom to be aspirations after Poy aity, but the free welcome of a free people, who gone: rousiy scoeive the descendant of a former eneany aud the son Of u sovereign estoomed for her virtucs. The London Moncy Market. {From the London Tunes, Doe. 1.) ‘Tho ceasution of the artificial drain of golt for the Ravk of France has been immediately followed by 4 de- mand of an equally abnormal, although relatively unim- portant, character for America. ‘The aly to-day from Now York of the extonsion of the political panic have led the London correspondents of various firms in that city to make hipments of sovereigns and gold bars by the Europa, whieh sails to-morrow from Liverpool for Boston; and the Atlantic, which is to leave Southampton on Wednesday direct for New York, will probably also tke # further swum, Tho amount withdrawn this morning from the Bank in London was about £70,000, and it is not unlikely that a larger total will have been taken from the Liverpool braich. Jn adejtion £20,000 of bar gold has also been despatched. The shippers of these parcels, looking at (ho probability of an early reaction in. proportion to the jokce of the recent movement, do net {o en- tain much idea that the operation will prove directly protitable, but geek rather to furnish their friends witl the means of advantageously mevting all contingencies, cepecially a the latest reports mention that discount was not to be obtained under 1% per cent per month, amd that foreign Lilis of exchange were le, The effect of these circumstances on the Stock 9 to-day was manifested only in a slight dey Tho English funds sheadily, but were sl flat at a decline of aneighth, ‘The first quotation of consols for monoy was 035 t %, und the final bargains were at 933; to % ior money, $87¢ to 94, or 9234 to 3g, ox dividend, for the 10th of January. Loins on government securities were im increased demani at 3 per cent. ‘The accounts from New York by the Atlantic to-day do not add uiuch to the to the d “cviously received. ‘She money panic had at length reached @ stage resem: bling sonic of the worst days of 1857, but all the lading commercial pene to be aware of its utter groundless- ness, 30 thad the alarm was by no means equal to the agita- [From the London Gazetto, Dec. 1—Evening.} ‘The Rank of England returns for the week ended Wed- nesday last Show au inerease in the bullion of £503,245, the te ing vp to £15,860,376, bat £336,496 of this aries from the r-eoipt of siiver Bullion fromthe Bank of Franee, for which no gold bullion has beon shipped in re- turn, but which must altimately make the tota iso much Jose. "Phis leeves the actual inersase of the Bank's own stock of bullion £166,749. ‘he reserve of notes, which is the next item of Rnportanee at this moment, shows an in crease of no les# than £1,022,880, which brings up the total stock of notes in hand to £7,686,860. This lage Auginontat.on is due to the ingresse of £442,015 in the government deposits, and £761,228 in the private deposits, together making £1,143,245, ftor deducting £24236 increase im’ the other securities, boing bilis under discount, &e., makes about the amount of the increase of the reserve of notes wove mentioned. ‘Tho decrease in the active circuistion, or notes out with the public, is £497,300. The official statement of the movement of p ecions metals for the week endity Wednesday giv © following results:— Total imports, £422,064; ttal exports, £3737 ‘The bullion market ‘is quiet just now, bat there are some shipments of gold guimg forward to America, in consequence» of the fall in the exchanges. Itis, how- ever, importaut to observe, that at the date of the pre- sent New York advices they were not aware of the rise here in the Bank rate from 44 to.6 por cent—a difference 80 great as must cause surprise. Further it may be ob- served, that te fall in the rate of exchange there cannot Lmy be maintaitied, as it was caused, in a great measure, by artijiciad means. CLOSE OF THE MARKET. ‘The market for the English funds presents no fresh fea- ture, and prices clored steadily at previous quotations, consols being 91, to 3 for money and account, and Bx- chequer bills 4s. to Is. discount. {From the London Chronicle, Dec. 1.] The American adviews by the Atlantic are, in appear. ance, of a very alarming charactor, bat the recorda of the coctiiment sail bo procail in the Southern States are highly colored by the distortion of plain matiers of fact, in them- selves im| t no doubt, bat which When’ magnitied are cale to mislead and do misehief. ‘Tho “pante- monger” had been successful in eheeking trade, and causing large fuetuat market, tad @ reaction was heavy fall in securities and considerable stringency in tao ry run of bills being at 12 40 18 per cent. Th? exeuanye for mer- chants’ dratte wae down as low a8 104, 105; but bankers’ drafta wore at 1064g. A rin upon one or two bauks had taken place, but every demand had been promptly met. ‘The following letter received by Messrs. Robert Benson &Co., from their agent in Now York, will give a very correct idea of Uhe slate of afluirs in America wheu the Atlantic left: — Ornick Tao Caveat Ratway Comrany, Nuw Yor, Nov. 11, 1860. Gen ewxs—There rsto be more excitement in Tegard to political questions than at the date of my letter imst. of she I The (ear of the suspension of some of the Southern Danks has deranged the exchanges, and given the mer- rt cities increased fiuquietude touch- receipts, and required of them additiona exertions to provide against any contingeucy which may ariso in regard to thetr future payments, These fears are rather abating with the improvement iu South. ern exchange mov nts, The considerable amount of specie which has gove for- ward to New Orleans has alrowly induced # market there for bills on New York; but at Chicago and other Western cities desirable bills are ditheult » be obtained, even at a Burinese is, of Course, much obstructed. Hand unpiewsant state of things may con- tinue several weeks, ail Cause the movement of produce to be checked materialiy—to the injury of our own traffic this month—tending through Cairo. The falling off in the earnings in the firet week of the Present month was owing partly to several days of rainy weather, and partly to the attention of the poople be ip With theelection, which employs more time an: attention, perbaps, than usual If the uufavorabte state of the exchanges and the cur- tailment of currency continue, it will tend to impete the business of the conitry by a decreased movement of the exope, ab thns leasen our gains from traffic this mouth, 0 falling off, should any eccur,as shown at the a decline in prices and Seat, abseace ons in both the stock and money There had been a te of exchange, with ord. these conflicting checks to the rega- Qhanges are, however, 80 quickly brought about in te SoM wee , 80 that we wheels set in regular mo- usual coarse. The the » foot up about §¥0,000, and the collections about ‘The rigor of the of winterly woather has prepared us for the new cloaks aad man- bt We there is no fear now of our form i# decidedly the moat in fi loon nog it Demeade to at the and with the basquine ie still Hikely that it will tot. “The basquine for morning Urs is generally of cloth and of velvet are braided ina pattera, trimmed with bands of colored material, or with narrow far. Po: hisses and Louis XV. mantles are becoming more rare, and are only made ip silk, with ornaments of gatpure or rieh Passementeric. Velvet shawls have always wide flounces of guipure; nothing looks more stylieh than these for Visiting dress, Some strayht velvet scarfs, trimmed with fringe, Dave been seen on young persons, but thoy Appear very vnwuitible for the weather. Many binck vel: vor ties are trimmed with white satin; it hae a very ¢ with round waists or with points, and on in front to ehow a chem isette. YS; generally, thoy t haif way down nok, and revers; fro opened in the bust, and with a emali collar turned bet cocarsienally the opening is curried down to the waist, mape € with #trape aer evening wey worn; only the t the front, this ts the most suitable for * oad n sleeves are also both Are mw neipally for detni-tollette, For taffetos arse tounee Still preferred; tut those of moire and ets hevtor to trim with macarons of velvet and gnipure. Pr gs of rich paeomenterte, Randa of ton the bias, some plain, othres waved, » Re. Tight colors for out-of-doors mode—binek ear are no lager ala Pompadvar dreae om Wack sare fashionable Black ie, we U lavor. Indeed, this year, nothing bat sombre shades are admis: idle, even for paying visite of etiquette. We will proosed to de- scribe ‘a few dresses for walking of visiting toilette:— biack tafftar—very rich silk, with a wide flounce set on im barge phoite, like the skirt. A <7. broad band of black velvet cuton the bias, edged the Jounce, and at the top of this, and also at the heading of the founce, a ruche of Barrow black lace; the bedy and sleeves also trimmed with a fuche. The sleeve, pagoda, straight and open, ornamented with a wide bow of black velvet. bows are sometimes lined with stif net, which k them in form; for the samo reason, lace ounces are fre: quently lived with crape of tile, aapemed toe tadotas. The body high at the back, lace and « jaare in front, with braces trimmed with hinek white blonde, which are laced t across the chest, a gold braid is inid on for a he: to the ptlee, Sleeves, open ond pointed, a la » Ee —. , dnt plaita, Sleeves 10 unatoh, In tor approaching winter <enson ont re Fei de a know a littl of the fyshion for eventog tirese, ‘They will Sud the follows dresses excoeding!y ciqgant and eootiv> { os A white Chambery gaoe drome, with an undot skirt it had asteaight bonfitionne at the hottom of the skirt, thon two tore ouillontes waved at thy edige, and at each f «toon a bouquet of bachelor’s but fous i paced. Thy boly, which & low, has a drapery of bite talfetas, creased at the waist, and termina! ing wide ends embroidered with gold. 'A bouquet of bach ~ | i each akoulier. A coronet of bachvior's ] Another drees is of white tulle illusion, Bouillonnes towards the bottom of the skirt, in horizontal lozenges. | At the top of these are two skirts of tulle illusion, covered with @ tunic of tulle, Ngured 4, caught up at the side with a wide black velvet and a bo: quet of gold wheat. The body has a berths figured with gold th Oriental sleeves. For coitfure, a kind of tur: in tulle, gold wheat, FINANCIAL AND COMMERCIAL. Sonpay, Des. 16, 1860. ‘The Gnancial crisis is beginning to affect the import trado of the port very seriously. Our imports at presont are not over half what they were at this time laat year. ‘The condition of the country holds out no encouragement to importers to send orders to Europe, and the British and other foreign spinners may as well at once realize the fact that their sales of goods to this country next spring will be tho smallest they have made for many yeare. In the meantime, our exports of produce coa- tinue op a liberal seale, and enable us to retain in the country all the specie which we receive from California. ‘The following are the comparative Custom House tables of the trade of the port for the weck and since January 1:— I goodness. ..., $1200478 amine 32183 Gencral merchandise 1,536,380 2313446 1,347 008 ‘Total for the weok $2,735, 6,155, 2,624,962 ‘Since January 1..§141,079,225 225,168,831. 216,013,515 Exromm or —— AND MKRCHANDIIK. 1858. 1869. 1300, For the week...... $1,009,563 1,686,969 2,147 413 Previously reported 67/347,658 61,897,704 92, Sinee January 1..$58,417,221 63,564,673 94,735,210 EEXrorts ov Srwotr. For the week...... $193,364 e Previously reported 24,630,420 68,534,353 43,204,423 ‘Since January 1... $24,823,784 69,207,576 43,866,423 ‘The banks will probably show a gain of specie to-mor- row. Their last average, which was a rising ono, was $15,502,743. Since then they have received over a mil- lion from California, and something from the Sub-Trea- snry, in which institution the balance yesterday 81000 at $2,563,639, against $3,125,300 at tho close of last week. A small amount of gold has gone South, to New Orleans and Mobile, but not enough to affect the average. The Furepa, which arrived yesterday at Boston, brought $530,000 in specie; snd the Atlantic, which will arrive to-morrow or next day, will probably bring a million more. At least a million is expected by the Persia on ‘Thursday, and on Saturday as much will be due from Cali- fornia, The prospect is, therefore, that our banks have touched the lowest specie point for the season. It is not likely that the New Orleans banks can draw much more gold from us. They hold eleven millions at present, which is about as much as they can expect to hold. Fvery other section of the country owes us specio; and the state of the foreign exchanges, combined with the decline in our imports, indicates no renewal of specie shipments to Furope. So far as our banks are concerned, therefore, they may be considered to have passed the point of danger. The experiment which they made three weeks ago has proved perfectly successful. The banks will need to nurse their assets with care, and they must make up their minds to lose something in consequence of the improbability of making collections in the Woat and South. But their ownsafety is now assured—ut all events for the present. ‘The money market is unchanged. There is pleaty of money everywhere; but no one truste his neighbor, or is willing to buy paper. On call, on the pledge of good stocks, any amount cam be obtained at 6 per cent per an- num. But the best paper gocs at 12 & 16 per cont, and very little business ig done even at these rates. The. banks are discounting as liberally us could be expected, though much less than the merchants require. To realize the state of things, it must be borne in mind that in the eot- ton States hardly any one is paying bis debta; and in the West the currency has become so depreciated that ex- change on New York has risen to 8 @ 10 per cent premium, and remittances have ceased in consequence. Hence a general want of money among jobbers, which has alrea- @y caused many failures, and must cause Many more un- less relief be speedily afforded. The crisis will probably have the effect of putting an end, in the future, to the Jong credits on which jobbers haye been accustomed to sell to parts of the country. Foreign exchange fluctuated during the woek. It opencd with a pretty firm market, but closed yesterday dviland lower. The asking rates at bankers aro from 108 « 104 for sterling, but very little business is done a the latter figure. Good moreantile bills can be bad a 100 « 102, and documentary bills below 100. At some of the Southern ports 95 a 98 are still the quotations for the best bills. These low quotations arise in part from the fact that the country owes little or nothing to the foreign world, and partly from the want of money among buyers of bills. At New Orleans, for instance, the banks ‘and private bankers have been compelled by the finan- cial stringency to cease buying exchange, while Northern houses have restricted their operations at all the Southern Ports in consequence of the menacing aspect of political affairs. Here the leading houses have already remitted for their spring business; the weak houses have not made ‘their collections, and have no money to buy bills. The receipt of gold from England will naturally impart more activity to the exchange market, ax the ous Uhus re- ectwos witl 0@ reinvested in bills; but for the present we look for no material advance in exchange. ‘The following table will show the course of the stock market for the past week and month — Neo. 11. Nov. 24 Dee.1. Dec. Dee. 15° a gt ay ee Oe 3 % wx «TA 3788 30%, UK 31K 2% ay BS ON AABN Ye 3% 6 e 58 86K OB 66% Gy 59% OL Bie 83 r 48 30% 26K = | BI ue us es ak 48 43K M BL By TY ‘The stock market flactuates from day to day, in accord with the tenor of despatches from Washington aad news from the South. There is vory little apeculation, except for the fall, and that has not been protitabie of late. State stocks, which are unjustiflably depressed, are being picked up by people who do not believe that, in any case, the people of Tonnesaoe, Virginia and Missouri will repudiate their debts. They have rallied somewhat from the recent fall. Railway shares are neglected, and are not likely to advance until some daylight appears im the political horizon. The doctrine that a State ls a rly Union, independently of the cose! of its sister States has now received the sanction of a large yropartion, if uot a majority, of the representatives of the South 9 bows honses of Congress, including the Chairman of the Seow Committee on Ways and Me ‘This ie not the place to discuss the political consequences of that doe ius financial aspect, however, may be fitly examined here, and no one who dovotes a thought to the snbject can fail to see that it demolishes at a biow 2 of United States credit. For nearly half a centary United States stocks have becn the highest securities kaown tn our market. They haye been selected by courts as in Veotments for trust funds and the property of mi they have been admitted by all the States as the safest possible basis for banking iaaites; they havo been inva Fiably chosen ae purchases in ail cases where absolute se curity in preference to income was the object sought ‘They havo enjoved this high character abroad as well as at homo. Many of the richest members of the British sveracy ate holders of United States stocks; Louis Philippe of France took care to invest asmall fortane in thom while be was still on the throue; within the past month tho ex-King of Naples has sold in this mar- ket some United States. fives which = he bought long ago a* a provision for a rainy day. It has only now been discovered, after fifty years delusion, that theee United States stocks,s0 highly prized aheond and at home, are really leas valuable than even many of the fwncy railway shares dealt in on the Stock Exchange. For, if the confederacy of the United States \s composed of States, easly of which has a right to with- draw from the partnership at will, it is evident that the holder of the bonds of the confederacy may at any time find his debtor disappear eutirely. If, for instance, tho the whole ¢ cotton States secede this winter, and the Middlo States | Anmm.—The market wae separate, as is soggeeted, from New England, while the | embraced a few lots of pots at West sete up an empire of its own, and our Pacitic States | Prarls at $4 $7 a $5. declare their separate indepemience, to whom shail the | brands were ff; creditor of the Caited States apply for bis July interest? ‘Who véli pay his bond on maturity? Assuming that ach of the fragments into which the Union is divided is disposed vad 6 able to act honest'y, what guarantee haw the ered itor ttt the several parts of the off confederacy Will agree ae to worked gold, with black velvet ribbon aad | to seoede from the | Fruits, ir Feapective shares of the old debty | Superfine Weetern...... NEW YORK HERALD. MONDAY, DECEMBER 17, 1860. —where would be bef Perhaps it will bo maid tha, there is at present no danger of any disunion save in the Southern States, and that all the free States will cling together. Admitting this, so long a9 the right of secession is acknowledged, United States bonds must still be denounced as cA- tirely unsafe property to hold. Though the free States may agree to remain united at present, they may differ next yoar; and if the right of secession be admitted they will separate on the first difference of opinion. The ma- terial and commercial imteresta of New York and Ver- mont, of Massachusetts and Minnegota, must, in the na. ture of things, become to some degree antagonistic, I, ‘on the first antagonism, the partuership between them may be dissolved by either, no prudent person will hold the funds of that partnership, ‘The same rule applies to the South. The commercial interests of Georgia and Ten: nesece, of Louisiana and of South Carolina, are naturally antagonistic. If, on the first open antagonism, those mem- bers of the proposed new Southern confederacy can sepa- rate, the bonds of that confederacy will be most unsafe property to hold. And if either the Northern or the Southern confederacy wero ever impelled to go to war with a leading nation, they would find it impossible to Dorsow money for the purpose in any financial market in , he world, and would consequently be unabio to carry on awar. This is no new point in political economy. One of the most substantial reasons for the formation of the present confederacy was the impoasibility of raising mo- ney for the purposes of general defence and genoral government without a. Union of a permanent cha- vacker. Wighty years ago, as now, capitalists would not trust @ partnership of States which was liable to be dissolved by any partner any fine morning. Honce the fathers of the country contrived, and by great perseverance and mutual compromise and concession consummated, the present confederacy, which. being accomplished, and its perpetuity secured in as strong words, by as binding guarantees, as could be dovised, men of means deemed it safe to trust it, and United States bonds became one of the highest and most cherished securities in the world. It seems now that they failed in their purpose, and that the perpetuity of their Union was not secured as they supposed. The necessary consequence is that matters relapse into the condition in which they stood before the present con- federacy was formed, and that United States stocks are really worth no more than the old Continental money. ‘The present financial crisis is doing some good, at all events; it is arousing the merchanta of [llinois to the monstrous inconvenience of their present system of bank- ing. In Thursday's Hera we published the report of a meeting at Chicago, at which a reform of the proseut banking Law of Iinoi# was strongly urged upon the Le- gislature. It is to be hoped that the movement will not prove fruitless. Under the present law Mlinois bank notes are practically inconvertible into specie. They are mostly based upon deposits of Missouri and Tennessee State stocks, and their value fluctuates according te the fluctuations in the price of those stocks on the New York Stock Exchange. There are altogether, it is estimated, about $12,000,000 of them afloat. Before the present crisis they wero current at about one per cent discount at Chicage, sight drafts on New York being the true par standard in that city. Since the panic aifveted the price of Southern State stocks Illinois currency has declined, and the market reports have recorded, from day to day, the advance in sight exchange upon New York at Chicago to 6, 7,8 and 10 per ceut premium. The mean- ing of this is simply that Ilinois bank notes have failen 6,7, 8 and 10 per cent in value, in consequence of the corresponding fall in the price of the Missouri and Tennes- see State stocks, by which they are secured. At the meeting lately held at Chicago, it was urged by some speakers that the currency of Iinois should be secured by Ilinois and United States stocks only, while others thought that a specie basis was the only safe plan. In the present condition of the West, it is pretty safe to say Mbat a currency resting on a specie basis would mot satisfy the wants of the community, as it would not sup- ply ap adequate circulating medium, it is doubtful, more- over, Whether it could be established at all. A cur- rency based on Iilineis, Ohio, Wisconsin, Minnesota and New York State stocks would be much preferable to the present currency. United States stocks, 30 long as the right of secession is admitted or undetermined, are a very insecure basis for a banking currency, and we should advise the Minois bankers to beware of them. A disruption of the confederacy would infallibly reduce their value to as low @ point as that at which the old Continental currency stood before the organization of the preeent confederacy. In the meantime the best course for holders of Dlinois currency is to hold it # short while. Whatever happens, there is every prospect that Missouri and Tennessee will pay their interest regularly, and that their bonds will by-and-by rise to their old values. Tho Logislature of Iilinois will doubtless adopt the sugges- tion of the Chicago merchants, and oblige banks to re- deem their currency for gold at Springfield or Chicago. But it will be a great mistake to allow the redemption to be made at @ discount; it should be at par, Imports (Other than Dry Goods and Speeie) at the Port of New York, for the Week Ending December L5, 1860+ Corrante. , Dried fruit tii Instruments— Musical, at Nautical 2 Optical... o Leather, hide’, &e— Brist! 32 16,160) Oil paintgs. 4 139 Boots de shoes Paper han's 2 1 Hides, dr'd Plastor..... <= ORT * undr'd Perfumery. 37 4,108 Leather, pat i += 45% Liquors wines, ke. — Potatons = 1408 Provisions... — 6: Rags....... 166 2364 Stat itary Sedan... Linsoed...33.600 Soap... 2. 100 Surat hab, 6L “ Do.bx& besh 608 Motais, &e.— ‘Trees «pits. — Brass goois, 2 831 Tea... 4 Che & anch. 65 Copper = Cutlery... 48 Gume....... 20 f Hardware.. 61 5 Tron, hp. te 109 4.962 (Ot sa | sant HMi Os CITY COMMERCIAL REPORT. bis Sarornay, Deo 156A P.M. and lower, while sales Hake and of JThe holders of State and Woetorn mer in their views, while sales for cash were It to make. The demand fpr export was nm Torna: the market closed with lear Aetivity, white tatiqns did not wary magerially from oar provions ‘The rales footed up about $,000 a 00.0 tyls., within the range of the following qu: x Extra state, good (9 choice ra flour was 1 fair and for domestie . Southern the West Indies vse, The transactions embraced closing within the range of the aboyw. sales were limited. Some 12,000 a 15,008 bushols elwiee Chicago spring were reported! sold at p. t., and 6,000 de. Milwaukee club at p. t. Corn was heavy lund dull, while the sales embraced about 45,000 Dusheis ai Ge, a 630. aud round yee ‘at 660, Kye’ was inactive ut 650. » 660, Parley was fiym, but quiet and nominal at 700. a 8c. Oats were active, with sales of Western and Canadian at M6e. & STc., Md at 3T4,c. a BBe. for Sato, ‘CormME Was quiet and sales limited. A’ small Wt of 60 Jamaica sold at 133¢0. ort. —The market was firmer. The whole advanee from the recent depression, and mainly siuce the receipt of the kuropa’s nome; bas been from He. to Xe. Ih, Middling. uplands ropped down to day they lowed at bout Oe. & 104¢6., according to the grade or quality. Precum® were without change of moment, though somewhat less active. To Liverpool 10,000 bushels of corn were engeged at 11%4¢., and 15,000 bushels wheat S at 1g 26 in Dull and ship's bags; 1,000 boxon ‘steamer, for Liverpool, xe ar ese. and 200 packs lard at 56s. To Lonton 1008 boxes cheese at 603,, with some flour at 33. 104d. Te 600 boxes of ¢! were taken at 468, it were unchanged, » ‘The market was without change and sales com fixed to a few hundred shipping lots at 70c. a T5e. Inoy of all kinds was dull, and aaies quite limiied. Morass.—Sales of 20 bbis, new were mado at 30e., and 70 bbis. do at 22c, cash, quest at the low “6 have been made within a day or two at Sic. a 31 igc. for straight lots, end at 32°. in shipping ordor. The lasb sales of common rosin were made at $120. Crude tur- pentine was quiet and nominal. i Ons.—Lingeed was dull, and sales confined to jobbing lots ut Ble. a$3e., while crude sperm and whale were dul and nominal. oid Provisions. —Pork—The market was heavy and while the sales embraced about 300 bbls. , including ‘Mere at $16 62},, new mere at $16, aneereee at $10 5e. Beet was dul) and heavy, and embr: about 200 25 a $10 for repacked Western, and at $10 ®a prime mes# was quiet at $16 a $16 50; boot confined to Cut meats were’ quiet ® ccs UM in fair demand at@o.aGXc. Lard w bbis., at $13, Bacon was steady, with ed. sales of 180 bbla, and Yerces at 100 a 10 gc, cheese were vnchanged Kick Was quiet at $2 76 0 $3 76. SeGans.—ibe demand wos nO Bales of grocer} ‘The sales Tullirased a Butter and fly from refiners, while radcs of moment were reported. wt 376 bhas. Cuba, chiefly refining pOods, at 47,¢. a 60. Included im the sales were 76 hhds. New Orleans at Se. Wiekey was firmer and in better demand, with sales of 450 Dbis. at I8\e. a 190. SHIPPING NEWS. 4 Pert of New York. December 16, ARKIVED. Bark Transit (of Brunswick, Me), Minott, Cronstadt, Oct pi hemp and yarn. to Wide Ghoot. Blew 2 days W. the Banks, with heavy WNW and NW geles, Nov 2%, on the W cdge of the Banks, spoke itr bark Mosier, ound I inst, fat 40 40, lon 57, lized & ahip bound K, #hovwring ataeeag sk nlepalant red letter 31a the jn! ‘aroline E Kel ‘nare, Cadiz, Nc tok Silt # Co Baperienced lea ales: sea which fled rim Thorens Fi stove hoat, ruts NG Paap nigeria ae Dy impson, Ha a in, Goldwalth, vethport f ite Bedford, 3 da Kelley, New 3 days. Py aoe Providence, ‘2 days, Crooker, Philadelphia. Aldrich, roast Sehr J Steamer Steamer Curlew, 2, sEEgG Fi e He ud H to tow laboring heavily: ‘weer parted, and F 5 By a i a £ e the entire sen. of Bowdoinh»” Ye, was wrecked , night of 10th inst ‘Capt oguhane p pny my foun TE Peexcn, frow Suffolk, Va, for N into Norfolk ith inst leaky, where she would Aapin or PME Seu Hoxrnisn of Plymouth, tocore reported mua ints off ape Cod, ha arrived at whe wo p- LP ry vate is to receive new masts and main ‘Bown Mullins, which arrived at ype Fo Danger Mey Loe toad of huantet aed vaee k “4 (im ight of Sd inst. She put into Renn Geetxupe Hortox, Pendleton, from Rockland for New York, put into Provincetown 6th inst, with loss of boat, Sarita, tala, quarter rail, ao. Her ost was afterwards —During a squall at Penancota 2d ult, brig Robin dragged inte bark Jumex FE Ward, and carris cs - ‘ ed no damage. anny ner Ji Corstartinor &, Now 22—Toe Queen of the Sor with ponere! cargo (rom New York, grvuaded near the Dardanelles Faraowrs Dec 1—Put in, shi Shields for New York: put buck leal having been struck with» heavy wen Rovinson, wwuh dove swepe be ov 3, im lon 12, SOTO, Nor S—Put In, ship Charlee Sprague, Pik rom Le wr New Orleans, with loss of aluached, main deck sure in Bers Toremast aud AZ chr Ingomar, of Boston, 280 tone. bullt wt Bat 1865, and meuilied in 1407, haw been avid to Cape A and others on private terms, Sie will hereafter he New Ye Rehr FM Sohner & Thornhil ad for at o me Dy i quite a fleet expected t tonch there tn the apr ing to reerwit A letier (ran Capt Lewis, of ship Corinthian, \B, re ber Ar Houich Gee ak with Bm ap hud fase whe’ Woutl nce Zealand, Had shipped 2700 Ibs bone by the samme day for New Lewis. r from the first omesr of # Sean, Jor George , ving taken 149) ) a ber at Honolula Qet 2, mao, After leaving San? yich Islands last season, cruined of Kings Mille and took 4.9 Whates. theneo ty Japam Sea, where took some bmpbks; ip Yellow Sea got first right Whe, and two Taree ta tape Rea 00 thie Snad vn put tnt Hakedadl and i thence to Ochotsk Sea, where had fine weather firet of the seaton, and Wok 100 Vots—aaad sunk and loot several vat away tor the Fela Pe elie ftom. the third officer of hark Biissheth Soir four whales— at weather coming on Chase, Rhy reports her wt ses Jaiy 25, lat 27 N, lon 168 35% We, een dw bie of, al) tid. all well, hound th New Zeal Spoke, of e's Istond, no date, ship Japan, Grant, *p letter from the sec eiden, Nis, rep bbIs Wh fod 25.01 {favorsble opp or devil fish, one, all *it¢.. Would ahip off nad bone ity ciferea, and proceed to Crolenas Bay Spoken, &e. Ship Holle Creole, Crowell, from Callao for Cork, Sept 22, Int $8 31S, lon 87 44. eee ma Donna, Peay, from Callao for Martinique, Oct 38 in en ah len, from Cardi July 6 for Rangoon, on, Hartrid sant 29 8, kom 18 W, Thay ema, from Baltimore for Port Spain, Nov 28, wo Btig Mechanic, from. Portiand for Havana, Nov 27, lat 30, jon Brie Lent, from Turks Istunds for Alexandria, Dec 3, lat 35] 1, jon 7448 pn ign Ports. Anproeuam, Now .sht hrs, Pe a Boston , Barstot. (Pil), Nov. a0—Sid_ Search Parca, len on, Saran. rah Jane, McDowall, Charleston; Moro Castle, Knowles, Tork In port Wth, tag, Time, Horner, and Louies MTateh, Bartiet for Ravarinant, Phigrimn, Waeir rdaom, (oF ROrlown« ~ Ponpeaua, New 11a Emon, Kay, and Niahcles Corwin, f Re Hey 10 (net PHT port hark Mery BP ich Rich, fer sory and others os before. + 8Ed Pe brig Apeet, Mer American Logic, & on Panos a 1 Doe be Ane