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2 THREE DAYS LATER FROM EUROPE. Arrival of the Arago and City of Washington at this Port and the North Briton at Portland. $020,915 IN SPEOLIE. Advance in the Rates of Interest by ‘the Bank of France. Proclamation of the King of Prussia. Wegotiations for the Surrender of Gaeta. THE ENGLISH VIEW OF THE AMERICAN CRISIS, caniinannctotanionell COMMERCIAL INTELLIGENCE, Ree; Key ke ‘The steamship Arago, Honry A. Gadsden, Commander, from Havre and Southampton January 9, passed the Needles at half-past nine same evening, consigned to Samuel M. Fox & George Mackenzie, arrived at this port rly yesterday morning. “he Arago brings 116 passengers, the usual mails, :,870 in specie and 700 tons merchandise. » following is the specie list of the Arago:— Jas. G. King 16,000 0. H. Gordon & ©o.. 5,000 everything for the Sorin, Sel clon fo bie in-Chicf, who Tihs devoted his ations ements in, member, self so distingul a Credit is also due to the energetic admin! Lord in India, from which country & part of ti were a ed. (Cheers. success is owing albo to the ability, to the rand to our galland commanders, BL ee amd by land, to those } distinguished men, General Sir Hope Grant and Admiral Hope, aud to the firmness of our Ambasaador, Lord EL gin. 'No mili Jona, attempted in tho face of such natural a} were ever attended with more complete or more success. .) You havo the ‘events which are now paging in I ra tangy truly that the moral , Prneorss of Palani tes not Wishout ite efforts on ‘those Ng! Jobn Russell, wi the generous feeling of )— ‘and the able organ of the government of which he it so pconp baron & member—my noble friend has taken. care itshould be known in every part of it what are the wishes und intentions of the British govern. ment, and what are the sympathies and feelings of the British people. (Loud and long continued cheering.) That which has taken place in Italy is one of the most remark- able, and I think will be in its consequences one of the moet important events recorded in modern history. (Hear, hear.) We seo a ‘who for a long course of centuries have been split up and divided into different small communities, of which have for a long course of scars been the victlas of miserable, blind and un- enlightened governments. (Hear, hear.) We see them rising with one common sentiment, determined hence- forth to unite, and I trust that whatever the temporary difficulties they may experience, will In no long interval of time be converted into an accomplished fact. (Cheers. ) When we know the great natural resources of that ponin- sula—when we see the extent of its seaboard—the num. ber of its excellent harbors—the natural luctions of the soil, and, above all, when we remember the intelligence of the people, who, notwithstanding tho crushing despotism under which many of thom so long labored, but who have notwithstanding produced a great number of men distin- guished inevery branch of intellectual improvement—1 say when wo look to these thi when we advert to what the Italians have been in er periods of their history, when Rome was the mistress of the world and During the first part of the passage the Arago had modorate weather; during the latter part she met with very strong westerly galos. Amongst her passengers we notice Captain D. N. In- graham, U.S.N.; Mr. Jas. Lesley, Jr., bearer of de- spatohos; General Robt. Halsey and Mr. J. F. Butterworth and family. January 19, latitude 45 degrees 21 minutes, longitude 67 degrees, 63 minutes, exchanged signals with screw steamer City of Washington, in company, bound wost. ‘The steauship City of Washington, Captain Jofferey, from Liverpool 9tb and Queenstown 10th inst., arrived at this port last evening. ‘She brings the following list of specie: S2252522 ee teem ol ease 8883 The London News says that the Prince of Wales’ name hhas been entered on the boards of Trinity College, Cam- bridge. ‘ The Dover Chronicle says:—It t rumored that the Prinoe of Wales will be initiated this year in Freemasonry. ‘Tho London News says:—-Thomas Lye, aged thirty-nine, ‘one of Christy’s Minstrels, committed suicide ou Wednes- Gay last by cutting his throat with a razor. ‘The Abeille Du Nord of St. Petersburg, of the 23th ult., devotes a leading article to the pamphlet L’Hmpereur Francois Joseph et V Europe, and declares that it complote- ly approves the conclusions come to by the author, that the best means of solving the Italian question would be the cession of Venetia for an indemnity. The writer of the article particularly recommends Germany not to op- [pose such an arrangement. The Paris correspondence of the London Chronicle Baye:—Should war break out it is believed that the Ozar of Russia will not attempt to restrain the passions of the Muscovite nobility, now furionsly directed against Austria, Their diseatisfaction at the reduction of their Fevenues by the emaucipation of their serfs would find a ready safety valve, if once told that the timo was oeme for annexing Galicia, and advancing tho boundaries of the Bmpire to the € ians, besides other spoils upon the Danube and in the East.’ Alexander himsolf would probably rather avoid war; and it may be belleved that the Abeille Du Nord, in recommending the sale of Venice, speaks the wishes of the peace party. Prussian journals state that a note had been reecived in Berlin from the British Cabinet in regard to Schleswig, netting forth the intorest felt by England in the integrity of the Danish monarchy, admitting that Denmark has taken certain honorable engagements touching Schleswig, but denying that the German Confederation has a right to mingle in the details of the administration of that country. ‘A despatch from Berne dated the 8th inst, says— It ts asserted that Sardinia has offered guaranteos for wecuring Venice against Garibaldi, on condition that the great Powers place no obstacles to her action before neta. ‘The Independance Belge bas the following:— ‘The opening of negotiations for the conclusion of an armistice between King Francis If. and the Piedmontese government is now beyond a doubt. It is said that France bas taken the initiative, and that in the last Cabi net Council held at Paris the Emperor himself fixed the day upon which the French squadron would leave (asta, The Shipping Gazette says:—Tho total aumber of wrecks during the past yoar was 1,811. Oar Spezzia Correspondence. Sprezia, Italy, Jan. 2, 1861. Resignation of Capt. Ingraham—Lieut. Warley and Lieut. Dorier—Eyfects of the Crisis Upon Americans Abroad— Movements of American Ships, de., de. ‘This day Capt. D. M. Ingraham has resigned the com- mand of the United States steamer Richthond, and ro turns home in order to throw up his commission im the United States Navy. Lieut. A. F. Warley left here,on the 26th ult. for the game purpose. This, with 1 . Dozier, who left th» Richmond at Genoa, makes three from one ship. Lieut, Huger, exeoutive offloer of the Irequois, will also resign- All these gentlemen are from South Carolima. Should Other States follow the example of South Carolina and Becode, there will soon be @ scarcity of officers in the Mediterranean, as no oflicer will remain tm the navy after bis State shall have left the Union. We now seo that the South is indeed in earnest; for when men give vp s profession apon which they depend for their own «port and that of their families, it shows that there |: a teeply rooted feoling in their minds that South will never return into the Union undor the mpact as it now stands, Died; on b ard the United States steamer Richmond, on the 3ist of December, of consumption, Lorenzo Giacomo, @ native of Italy, but for many years a resident of Ports: mouth, Virginia. The United States storoship Release sails to morrow for Boston, having on board Usirteon invalids from the Medi- terranéan squadron The United States steamer Suequehanna sailed on the 24th ult. for Naples, Moasina and the coast of Syria, Daving on board the contributions for the sufferers in rim. airy United States steamer Richmond leaves here to- morrow for Gaeta and Messina. The Iroquois is in dock at Genoa, having broken her jack. Lord Palmerston - ks United States and italy. Ata dinner given at Southampton on the 8th inst., upon ‘the occasion of laying the corner stone of the Lard | In séitution in that city, the usual loyal toasts having been ven, - Tho Maron proposed ‘The Heaith of Lord Palmerston,’* which was reeeived with cheers, Lord Patxneron, in responding, said:-—T trust that the Hequest of which you are to-day commemorating the foun- ation will piace the town of pion upon a par with other great communitis of country, and psn @ with it public condition, and with the Individual ‘and intellectual cultivation which prevails ite in (Cheers) Gentlemen, wo have laid she foundation, and al! things must tue a beginniog; but, as J took leave to say this morning, 1 am comrinoed ti 4 foundation | that ‘thy we have laid will be the foundation of a structure than that which you contented he Proosedings to.day. When it is found that you hava inatitutions, these means of instruction, and these of ‘reciprocal intellectual intercourse, not own citizens, but others who take an interest welfare, will be induced progressively year after your and to those meane, whic», however they may bo Spa for an immediate purpose, will, Lam persuaded, I , bo inadequate to provide for tho future of the town, You have been kind to rofer to questions in respeot to which You represent the feeling of the gountry—and you ve expressed your satisfaction at the manner in which Ryo ps of which [have the honor to bo a mom- conducted the public affairs which we have had digposé of: Tho autuinn which has latoly passot and present have produced thro events, na ro- |) 88 any which have ever been crowded of timo, and id. three difereut quarters You, Mr. Mayor, have advérted to tho which Have just taken place in Asia—1 moan the of the Chinese capital by the allied If any man, twonty years ago, hid HI Se td : became the cradle of reviving intelligence—I say we are Justified in hoping and believing that Ttaly is yet des- tined to play a great part in the affairs of the world— (cheers)—not a8 a conquering and ag; jive nation— because its circumstances preclude its falliog intellect. (Hear, hear, hear.) I bellove t6 be the best RtHaa Ele i ' i & é nie iret sae kae 328 er i Hi i ti t i f in _F i aE 3 B Z 8 ‘an adi!- fiitia; but The bl rit and trletiom =“ ic epirit pa oo Ps Topaation ‘tayo now , hear, hear). tt they have been in. Structed allover the country by those who have shared in the dangers of war—mon experienced in military disol- line, and who have, therefore, been ablo to instruct and ring them to perfection in a short time. But it is, never- the'ess ,n source of pride and satisfaction to this country because we know that there are spread over tho land Droadcast the seeda of military discipline and military efficiency, and over wo should have occasion to arm ourtelves, and stand forth to do battle in defence of our homes, we know that thore will apring up from the earth as it were, not merely men with brave hearts, and minds propared to encounter the dangers and diMloulties of war, but likewise men who, retired for the momest into private life, have yet pareed the best years of their existence in military achievements, and who are there- fore able at the shortest notice to Bring into a stato of efficiency and disctpline those who are roady to place hemselves under their command . Gentlemen, I hank you for the cordial manor in which you have beon to receive the mention of my namo (cheors). Several other toasts having been propoted, the pre- coedings at a late hour wore brought to a close. The English Press on the American Crisis. (From the London Times, Jam. 9.) Never for many years can the United States be to the world what they have been. Mr. Buchanan's Message has been a greater blow to the American than all the rants of the Georgian Governor or the “ordinances” ef the Charlestor Convention. The President has dissipated the idea that the States which elected him constitute one poople. We had thought that the federation was of the nature of a nationality; we find it is nothing more than a partuer- ship. If any State may, on grounds matisfactory toa loca! convention, dissolve the Union between itself and ite fellows; if discontent with the election of a President or the passing of an obnoxious law by another State, er, it may be, a resirictivo tariif, gives a State the “right of revolution,” and permits it to withdraw itself from the’ community, then the position of tho American jo with respect to foreign Powors is completely altered. It is strange that race whose triotic captiousness when in the socioty of Europoans 80 remarkable should be so ready to divide and to give up the ties of fellow oltizenship for a cause which stran- gersare unable to appreciate. Still stranger is it that a chief magistrate, who would have rather than a suspicious craft officers after it had displayed the stars amd stripes, or who have dona baile agate despots for ang naturalized reugee from cv e, Id, without scruple and against the advice of his own Seorelary of Stats, declare the federat Union dissolved whenever a refractory State chooses to secede. It may well be imagined that the American poople have been taken by surprise both by the suddeniess and violence of tho outery for seorssion, and by the ready concessions of the President. ‘From the day the Message appeared it was evident that South had, by every organ which it poeseared, by ita Senators, ite Ropresentatives, by the voice of the proas, of the great slaveowners and of tho multitude, declared its ro. solution to secede. Only courage like that of Genoral Jackson could have quellod the “Gamecock State," as wo perceive some of its admirers call it. But there was a middle path between civi) war and such an instant re- cognition aa Mr. Buchanan thought advisable. As ono charged with the duty of upholding the federal powor, he might easily have used the authority vested in him to delay the movement, and give the Union and South Carc lina itsolf time for reflection. Mr. Cass would, pro- bably, deprecate holding a State by force, but ho still declined to remain in the Cabinet of the etateaman who would not reinforce Fort Moultrie, and assert, during the short remainder of hia term of olfico, ny y of tho constitution, But aa thin, went the action of South Carolina was predotermined. On the 19th of December that State seceded from the Union by an unanimous yoto, and by this time has pro. bably gained possession of ail the federal property within its borders, and establishod a Post Office and a Custom House of its own. The instruments which the Carolinians drow up on this occasion are singular and almost amus: ing. The philosophy and phrascology of the Deolaration of Independence of 1776 are imitated. Whole paragraphs aro copied from that famous document. The thoughts and style of Jeflerson were evidently intluenced by tho great writers of his age, and we may trace Montes quien and Rousseau in every line of lis composition. Tes rather interesting to see his language, which denounced King Goorgo’s violation of the social compact, used by a conclave of frantic kegre driver to stigmatize the conduct of thoxo who will not allow a Southoru gontie- man t bring his ‘body servant” into thelr territory South Carolina, however, has shown wisdom in thua taking high ground. People are generally taken at the volue which they set on themselves, and Carolina doos right to play tho part of ow patience and indignant virtue. She has declared, in the language of the fathers of the republic, that the federal Union no longer answors the ends of ite foundation by insuring the happiness and Prosperity of South Carolina, and that the conduct of several States haying been a violation of the compact made by all, South Carolina resumes hor righte as a soversign community, and will make war or peace, con: clude treaties, of establish commerce independently of the government at Washington, ‘This bold course has its natural effect on the excitable other States have feigned an ap. do not fool, in order to bring the 07 the menace ot ‘2 Southern topublic. rom or ry. secession cr ‘ot its oud ot the oe tho year. It was that six or Ben Georgia on the Oth, and in Lowigiana on the 234; and Our Correspondent believes that ‘there will be a majority in each of them in favor of immediate and separate godes: = uae a a = days moro the United States of merica, wor! ‘cemn te seen has hitherto known thom, will But pow comes the moat Saguier Part of this history. Till within 4 few weeks bard " belioved in the dissolation of the Voie” fees COUNLY Poople thonght that inatineta of patrintion ami pri os iebet vail, aad that tba Yankees and de would quarrel harmonioualy for many years to come. The event wcema to bo againat there x aaticipations, and Englishmea are content to look on in 80 the Americans. While every aay nat the Ponting tone of must come biot agai make terms and to ceme such ts 4 CJ Proceeding is vo be as fol- separates forms a eders? ‘qual forms with those Northern slave o Carolina at their head, Hi if : if : FA 5B Tin it le ae i a ge fats iE (3 g g i q i F eyesees i & A g gE 5 g) may conolt isoussion— t the North will not be too rigid, and that the slave- 3 Garibaldi and the Italian Elections. The Turin Nationalities publishes the following let- ters:— Carrera, Doo. 29, 1860. My Dear Brus.szzr:—For private reasons I could not ac- cept any candidateship for the post of deputy. I desire that all the colleges should know this, to prevent them the trouble of proceeding to another election. J. GARTBALDL. Carrera, Dec. 29, 1860. My Dean Bewtanzi:—I desiro that concord be manifest among all the Italian committecs for aiding in the suc- ceas of the great deliverance. Then Victor Emanuel, with a million of Italian soldiers, will be ablo, in the Cpeina, dpatly to demand what is wanting to Italy. Ia sucred path that we aro following, I desire that every mark of party disappear. Our antagonists are a party. ‘They want an Italy made to their own taste, with tho help of foreigners, and without our part jon. It is we who are the nation. We want no other head than Victor Emanuel, and we exclude none of those who have (7 ~ pani gene oy sais teat thing teetful ii ¢ energetically as ing i i J. GARIBALDI, Sketch of Count Cavour. Hi tat the Turin correspondent of tho London Times.) mnt Cuvour has so far recovered from his late attack as to be able to leave his bed and » and is ox- pected to transact business in his manifold offices this ‘very morning. His late complaint, for which he has been twice bled, was happily not of the apoplectic nature which had somewhat alarmed his friends on former occasions. It was pry mo of the digestive organs. Thore is no doubt, bowever, that his strong health threat- ens to give way before his intense incessant oocupation, strong tite, luxurious living, plothoric habits, an want of bodily exercise. He is always up and at work at five o’clock in themorning. From nine tiil half-past six in the afternoon he directa all the business of his own dopartments, and takes a genoral survey of those of his more colleagues. Then follows dinner, his only meal, I believe, in tho twenty-four hours, and I’am told none of the lightest. He uses no carriage, but a walk from his private residence in the Via Cavour to the Min- isterial Piagza Castello is bad aged rolaxation. Sometimes I have met him walking ou the portices along the Via di Po, evidently for a breath of air, but ho has accustomed the world to too constant a jency on his master mind to allow himsolf the indu! even of a quarter of an hour’s ‘‘constitu- tional.’” The activity of the man’s mind is tmmeasura- ble. He neglects ing, nothing; no scheme of policy or diplomacy is too high, no mean detail or parti- cular is too commonplace for him. He has an yo for everything; he trusts few , and these generally ob- ssure but able individuals of his own choice and creation. He writes most of his letters with hisown hand. tie writes a plain and distinct round French hand, with lines wide apart—a band of which strength and decision would not, on a first inspection, seem to be the most obvious characteriatics. A French photographic likeness, lately published by Maggi, conveys the very mind and soul of this greatest of Se cee A whole volame might be written about the expression lurking beneath eve: line of the half good humoredly, half sarcastically smil- ing mouth. It is the smile of a man who haa early found out “how little wisdom it takes to govern the world,’ and whose noble heart has prompted him to rule over it for ita own greatest advantage. May his bani long conti- nue firmly to wield the destinies of his country. . Proclamation of the new King of Prussia. A proclamation of King William Y., dated Berlin, Jan- uary 7,has*been publishod. It is headed “To my Peo- ple.” ’ ‘The proclamation commences by recalling tho severe sufforings of the late king and the profound griof at his death; how with free and royal munificence he granted institutions the developement of which was to re- alize the hopes of the country. The ion con- tinues aa follows: — To the king who knew how to lay the foundation of such great things—and whose never-to-be-forgotten words, “Tand my house will serve the Lord,” have filled my soul—a prominent piace is due in the glorious ranks of those monarchs to whom Prugsia owes that greatness which makes her the true representative of the Ger- man mind. I will faithfully guard that solemn be- quest of my ancestors, which they have founded and augmented with unceasing care, with their best en , and at the risk of their lives. With pride I see myself surrounded by such a brave and faithful people, and by so glorious an army. My hand shall protect the welfare and the right of allin overy class of the population. It shall be extended te protect and support the precious life of the nation. It is the destiny of Prussia not to devote her life to the enjoy- ‘ment of acquired good. Th» conditions of her power are founded on the exertion of Ler spiritual and moral forces, in the seriousness and the truthfulness of religious feolings, in the combimation of obedience with freedom, and in the strengt! of her military force. In this manner alone can © her rank among tho States of Europe. I rei faithful to the tradition of my house in proposing to ‘—" the mission of elevating and of strengthening the patriotic spirit of my people. I will consolidate and build up the ri of the State on their historical basis, and [ will maintain the institutions which King Frederick William IV. haa brought into life. Faithful to the oath I tock on areuming the regency, I shall protect the constitution and laws of the kingdom, May I, by the merciful aid of God, succeed in leading Prussia to new honors. My duties towards Prussia ooincide with my duties towards Germany. AS a German Prince I am bound to strengthen Prufsia in that position which, ac- cording to her glorious history and the developement of her military organization, she must, for the good of all Germany, coceey, among the German States. Oonfldence tn the peace ef Europe is shaken, but I shall endeavor to preserve the blessings of peace. 'Dangors may, novertho- lew, arise for Prussia and Germany. May the courage which trusts in God, and which bas animated Prussia in her great periods, then manifest iteelf in me and In my people, and may the latter then stand firm by my side, and follow mo with faithfulness, obedience and perse- verence. May the blessing of God rest on the mission which His highest will has entrusted to mo, France. Panu, Jan. 6—Noon. Negotiations concerning Gacta have been opened be twoen France and Sardinia. ‘A pamphlet entitled Rome ot les Booques has been pub- lishod here, The author aays:—It would be unjust to be. Neve that all bishops consider tho maintenance of the tem poral sovereignty of the Pope as earcntial to the freedom of spiritual ministry and security of conscience. Marsrriins, Jan, 7, 1861. The Redoubtable arrived yesterday at Toulon from Gaeta. On Friday Inst howitzer shells were thrown into Gaeta by the Sardinians. The Paris correapondent of the London Times says:— Busingss has not improved. There exists much wnessinoss pam ong the 3 The raising of the rato of «is count by the banks of London and Paris haa likewise added to the difficulty. Tho absence of the usual orders from America bas been severely felt. Apprehension of an out- break on the Contivent in the spring has paralyzed the exertions of many. Commerct rations are conse quently limited. Prices were w ntained in the ur market Inst wook in Paris. Bakora’ flour is quoted at 64 to 06 francs the sack 10 price of wheat declined in somo of the French markets last week, but rose In a groat number. The quotation in Paris for choice samplos was 20f. 410. to Sif. 160. the 100 kilos. The corn trade is brisk in La Vendeo. Doth wheat and flour have risen at Bordeaux and Marseilles, Italy. Ton, Jan. 8, 1861. Tt is asserted that the Sardinian government, conform- ing to the wishes of Napoleon, haa auapended hostilities before Gaota until Jan. 19, with the object of iat ing for ite surrender. It is said the French fleet would leave immediately, if the ors for avoiding a further effa- sion of blood should fail. The operations of General Cl- aldioi are to be rigorously supported by the Italian fleet. THE VERY LATEST: Pans, Jan. 9, 1961. Tho Constitutionmel saya:—It is generally believed that, im the event of the French fleet leaving Gacta, it would cruise for some time tn the Adriatic. Gara (vin Marsoilies), Jan. 5, 1861. Asheil thrown by the Sardimians has penotrated into the room above that of the King. His Ministers insist on their Majestioa taking up thotr quarters in one of tho eagomates. Sholis have also readhed tho ovntral hospital. The wounded will be removed to Terracina. More Moa- politan howitzers have been placed in position. Constaxtivortx, Jan. 2, 1961. Diemieal of Safetti Pacha rescinded. Hungarian and Polish Garibaldian Volunteors arriving in Pera on their way to the Danubian Principalities. Generals Wioroelawekt ond Purr are expected bere. Taverroot, Jan. 9, 1561, ‘Tho steamship City of Washington sailed this morning fw New York. Took £107,090 in epecie , THURSDAY, JANUARY 24, LONDON MONEY MARKET. Loavow, Jan. 9@—Evening: Consols—Money, 915; = %; account, 91% 2 92; Now York and Erie, 32 a 33; Iimois, $2031. Good business at these prices. LIVERPOOL COTTON MARKET. Livmnroot, Jaa. 9—Fveuing. Market quiet; the advices from America having a ten- dcocy to make buyers and holders cautious. Sales to-day 9,000 bales; apeoulation and export, 1,000. Breadstufls quiet but steady, Provisions dull. Markets. Losvon Mommy Mixxer, ‘Evening, Jan. 8.—The funds of a HI : i ; : H #8 z 4 é FH i 3 E 5 Uilpaiaty , Ber eret it was ba dea ta ree coerag tae a nasum ing ‘that might lead to serious re- bults, which could not fat! to produce incon venience én this side, and @ feeling of greater confidence a Conpols for money were first quoted at 91% a %; after eome little fluptuations they returned to the firet quota- tion. For the 7th of February, 91% a %. ne aes a at the ee wycoxge comparatively moderate, the supply being ¢ open market at the existing rate, and oooasionally at iraction below it. ‘The discount establishments have gone from 44% to5 Ta tle nretesas 6 to5% with seven ‘Bank of Franco raised its rate of discount on Tues- aay from 534 to 7 per cant. ‘he last price from Paris on Tuesday evening was 66f. "i ‘a fall of nearly % per cent. ‘The next monthly return of the Bank of France, to be published at the end of the week, is looked for with much interest. ‘Ancording to some reports, which require veri- fication, the bullion bas declined from £17,300,000 to about 44,000,000, American seourities were dull, particularly those of New York and Erie. 3 THE NEWS BY THE NORTH BRITON. Porttanp, Jan, 23, 1861. Tho steamship North Briton, from Liverpool at half- past ton o’clock on the morning of the 10th, via London- derry on the 11th inst., arrived here at five o’clock this evening. Her dates are two days later than those per the Arago at New York. ‘Quite a panic prevailed in some parts of Liverpool om the 9th inst. Rumors were afloat that a mob had en- tered the bakers’ shops and helped themselves, owing to the advance in the prices of bread and the suspension of labor in consequence of the severity of tho woathor, and that a regular riot had broken out. A largo number of shops were forthwith, closed and a fooling of alarm prevailed in the city. The reports, however, all proved groundless, when confidence was quickly restored. ‘There had been no break in the soverity of the weather, and jnavigation was getting mere and more dificult. Many parts of the Thames were choked up with float- ing ico, and the entrances to the docks had to be kept open by steamtugs. FRANCE. The retirement of M. Thouvenal from the Foreign office bad again been rumored. ‘The Paris Bourse on the 9th inst. was inanimate but rather Ormer, The rentes closed at 67f. 100. ‘Tho Constitutionnel says that in the event of the Frenoh fleet leaving Gaeta it is. believed it will cruise for a timo ia the Adriatic. ITALY. Advices from Gacta, prior to the present armistice, state that the Piedmontese were constructing now bat- teries only five hundred yards from the fortress. It was said that theCabinet at Turin had resolved to tolerate the intervention of no other Power than France, and to resist by force any attompt of the kind. It is vot true that the French fleet at Gaeta will be re- placed by a Russian fleet. The Wurtemberg Monitewr says that Sardinia will shortly give notice to the German Diet of the different annexations to, and formation of, tho Italian kingdom, and that, thereupon, the Diet will refuse to recognise any representative of that kingdom. The samojournal bopsts of the readiness of the Prussian and German foderal army to meet any enemy. AUSTRIA. An autograph letter from the Emporor Francis Joseph, dated the 7th instant, proclaims a very comprehensive amnesty for Hungary, Transylvania, Croatia and Sclavo- nia, on account of such penalties ag have merely aimed at a change in the item of the government aa estab- lished oe ly ‘October last, Tho Ministers are ordered te put this ordinance tnte immediate exeoution. ‘ Aneats Seana 7a Sat a aneeiaae mapa 10 adopt a provisional olectoral law for Hungary, on basis of the Ath article of the law of 1848.2 ‘The Hungarian Diet will assemble on the 2d of April. TURKEY. The dismissal of Safete Pasha had been rescinded. ‘The news from Servia reports increasing disquiet there. PRUSSIA. The King of Prussia had iasuod a proclamation, in which, after paying a warm tribute to the late King, he deciares himself faithful to the traditions of his house and desirous of protecting the constitution, elevating a strengthening his and advancing ‘their position among the German . He says:—‘Qonfidence in peace is shaken, but I will endeavor to preserve it,’ and concludes by asking for the courage and conidoocs of his poop! THE LATEST NEWS. Lonnow, Jan. 11, 1861. Mails from Calcutta, China and Australia arrived at Marseilles ow the 10th inst., and are due in London in time for the steamship Niagara, which sails for Boston via Halifax on the 12th inst. All the Chinese ports are now open, and foreign steam- ora are permitted to trade on the inland waters. A Chinese ambassador is to reside in England. Exchange at Hong Kong was at three-quarters per cont, which is less favorable for England. At Shanghae the rate of exchange was unchanged. Trade at Molbourno had greatly improved. One hua. dred and sixteen thousand ounces of gold had been shipped to England. In New Zealand the native rebellionists have becn com. pletely defeated. The London Times city article, of Thursday evening, says— ‘This has been settling day in the English funds, but tho market generally was steady. The demand for discount at the Bank of England was moderate, and on the Stock Exchange 5 a 644 per cent was paid for short loans, and six por cent for jong periods. About eighty thousand sovereigns wore taken from the Bank to-day, of which fifty thousand is for Canada and the balance for New York. In the Paris discount market money is being freely offered at terms below those of the Bank of France. ‘The Nord says that on the 24 of November the Ruasian Ambassador at Pekin ratified a convention with China, confirming privileges on Russia in regard to the Amoor rivor, and extending to ker commercial advantages. Commercial Intellf, yes LIVERPOOL COTTON MARKET. Liverroot, Jan. 11, 1861. ‘The brokors’ circular reports:—Sales of the wook 57,000 bales, including 8,500 to ulators and 4,000 to ex- tors, The market with an upward’ tendency, at became dull in jnence of the advanco in bank rates; but the arrival of the Etna, with favorable ad- vioes from America, caused @ reaction, and the market closed at last week's full prices, with an advancing ten- dency on hed 12,000 bales, in- cluding 4,000 to and exporters, the market closing activo at the following authorized quotations:— Phir, ‘Middling. as advanced jd.; other qualities unchanged. They also (uote antes on Friday at 20,000 bales, m LIVERPOOL BREADSTUPS MARKT Breadstuffs dull, Flour had « declining bape Wheat downward, and holders were on market; a decliné i# quoted of 3d. per cental, Corn duit and quotas nal nominal. Liverpool provision market was dull for most arti- * LONDON MONEY MARKET, Lonvow, Jan, 11—Noon. Console closed at 91% a 914; for monoy. AMERICAN. BTOORH. ‘The latest sales were:—Lilinois Contral, 3134 discount; Erie, 31%; New York Central, James Howitt & Co, quote middling and good middling nt 30 United States Circuit Court. Before Hon. Judge Amaliey. THR MUTINY ON THR STAGHOUND. Taw, The United States ve. Jame Morris and Tirenty there other Seamen.—These persons form port of the crew of the American ship Staghound. They were sent home from the China Seas on a charge of revolt and matiny. Tis morning their counsel stated to the Court that thoy were willing to plead guilty to the minor offence of attempting to create no revolt. Mach then in his plea, which was recerded. fr. Wilooxson said that he, on behaif of the United States, would ask for the heaviest penalty that could be awarded by the statute. The Court sald that it wanted time to consider the matter, and ordered tho prisoners to be romamided. The Court then proceeded to try some unimportant cage, and adjourned unt! to morrow 1861. | FINANCIAL AND COMMERCIAL. Wepnespay, Jan. 23—6 P. M. Thia has bé8s & quiet day, both in the money and the other markéta, Rates for money havo not varied materially since the beginning of the week, though the supply increaaés steadily. The Arago arrived this morning with $385,000 in specie. Foreign excha: fs dull at our last quotations, We = of nothing doing in Southern cotton bills, and for the present. presume that our foreign bankers are not extensive buyers. The stock market opened very dull this morn- ing, and before the board purchases were effected at adeoline from last evening’s quotations. At the board the market rallied, closing with some firmness. In the afternoon stocks were steady, but weaker atthe close. The disturbing element in the stock market is the apprehension that the London Money market is on. the eve of # panic, and that this will lead to heavy remittances of American stocks to this country. The recent advance in some such stocks aa Jilinois Centeal ia likely to tempt the British holders who bought’ between 60 and 60 to send their stock here for sale. At the close to-day the following were the quotations:— United States 6's, 1874, 92% a 98; Virginia 6’s, 76Y, a 17; Tennessees, 75% 76; Missouri 6's, 68% 869; Canton, 145{; Cumberland Coal preferred, 8 a ¥%; Pacific Mail, 90}, %; New York Central, 79% a 5%; Erie, 36% %%; Hudson River, 45% & 46; Harlem, 16% a %; do. preferred, 39% a 4; Reading, 46% ® %; Michigan Central, 6774 & 68; Michigan Southern and Northern Indiana, 15% a % do. guaranteed, 33% a %; Pa- nama, 115 a 117; IHinois Central, 8144 a %; Galena and Chicago, 71% a 72; Cleveland and Toledo, 36% a 9%; Chicago and Rock Island, 57% 8.58; Chicago, Burlington and Quincy, 744 a %. Illinois, the New York of the Western States, is at this moment, perhaps, more prominent in the public mind than any other State in the Union. She is paying up her State debt at the rate of one million each year, and, after paying off this’sum last year, has nearly one million in gold in her treasury. The State stock is at par, the private debt is small, and the only incubus in Mlinois is the facility af- forded to free banking, whjch we are glad to aee the present Legislature is taking in hand; a law to compel the redemption of notes in specie will un- doubtedly be passed at this session, and thus knock away the last block of Westernism from the State. Of the three millions of population added to the six Northwestern States in the last decade, 872,163 are gained in Illi- nois, Five thousand miles of railway terminate at Chicago. The products of the prairies last year were enormous—upwards of one hundred bushels of grain to every man, woman and child in the State. This month 1,200 a 1,500 tons of corn and provisions are being delivered by the Il- Mnois Central daily at Cairo for the Southern mar- kets. The shipments from Chicago for 1861 are estimated at 50,000,000 of bushels. From the political troubles at the South and thé block in the manufacturing interest of the North, INinois will obtain this year a larger accession to her popula- tion than she has ever had in a single year; and if civil war grows up in our midst, it is not unreason- able to suppose that the State will at the next cen- sus show a population of three millions, with a corresponding increase in the value of the proper- ty in the Prairie State, as trouble compels the masses to seek cheap food. These facts are of peculiar interest in connection with the advertise- ment ofthe Land Department of the Illinois Central Railroad, Company, which we publish in another column. An anonymous correspondent denies that the port of Charleston is closed, and asks, ‘‘What ves- sel would sail with a State clearance? Of what avail would such a clearance be in a foreign port?” Very little, indeed. The fact is, nevertheless, that there is no United States Collector at Charleston, and that the few craft which do sail from that port for New York and elsewhere do sail with State clearances. But the removal of the buoys and lights, and the obstructions in the ‘channel, effectually prevent the ships now in the port of Charleston from getting out, while they are driv- ing to Savannah the ships from abroad which were bound to Charleston. Savannah has stolen a march on Charleston by retaining her United States Collector, Naval Officer, &c., which will in a few months give her a complete monopoly of the trade heretofore divided between the two ports. The following was the business of the Sub-Trea- Balance wee - e The exchanges at the Bank Clearing House this morning were $18,856,682 11, and the balances $1,381,728 92. The transfer books of the New York Central Railroad will be closed on the evening of the 3ist inst., and reopened on the 22d of February. The Arago, arrived this morning, brings nearly $400,000 in specie. The City of Washington, which left Liverpool on the 9th, ‘also arrived to-night, bringing about $536,000. The London Times of the 9th says:— ‘The applications for discount at the bank to-day (8th) wore again comparatively moderate, the supply being good in the open market, at the existing rate, and 0o- casionally at a fraction below it. ‘The joint stock banks have raised their allowancé on deposits so 6 per cent,, the London and Westminster, however, continuing, as usual, to give 1 per cent under the ordinary terms on sums below £500. The discount eetablishnents have gone from 445 a5 per cent for money at cai/, and from 5 a 634, with sevon days’ notice, About £100,000 in bar gold was bought by the bank to- day, and from'£70,000 to £30,000 in sovereigns were with- drawn for America. One parcel of 30,000 sovereigns, taken out in the morning for exportation to New York, was brought back in the afternoon. ‘The private letters from New York to-day reach to the evening of the 24th of December, and are less discourag ing than waa anticipated. The’ political accounts from Washington wore still as bad as possible, bat it is eaid that the commercial public were beginning to get asoustomed to the agitation, and that business Seomed likely soon to adapt iteclf accordingly. Tho quotation: exchange is described as presenting a good appearance. Very few bankera would soil andor 043%, and the leading houses were firm at 105, After the payment of the dividends on tho 2d of January, @ movement to 106 was confidently expected, and at that price, taking our present state of discount iato con- sideration, toget with the delay in coinage in Ameri- ca, the proapect of very satisfactory returns for gold re- mittances will begin to become doubttul. The next monthiy return of the Bank of France, to be published at the emd of the week, is looked for with much interest. According to some’ reports, which ro. quire verification, the bullion has declined from £17,300,- 000 to about £14,000,000. ‘The English funds opened this morning at a decline of ‘an cighth from the low prices of yesterday, and subse. = experienced a further fall on the intelligence of the Rank of France baving made a movement of 15% cent in their rate of discount, and piace it at the samo rato as that of the Bank ef id. Ultimately, how. ‘over, it was seen that this was the true course for that establishment, and the only one likely to prevent the existing difficulty from assuming preportions that might lead to serious results, which could not fail to produce inconveniences on this side, and a foeling of greater fidenee became apparent. Console noted at 913s a %. From this they ri M4. a was then a rebound to 91% 8%, and the final pale For the 7th of February the latest — were at OLY a i, last price from is thia eveni showing a further fali of nearly throo-cig! The London Daily News of the same date says: — sound poliey chat ounepioey or cle payments can be avold C these grounds nows has been received hero with satisfaction, notwith tanding the prospect of competition against our bank for gold wien developes. ‘The fact that both banks pro now carrying out @ conrorvative action must tend to pro- mote confidence. is room to fear, howover, that: an tafavorable effect will bo produced on Fronch trade, ‘The funda opened thie morning at a fresh fall of 14 por cont, and subsequently sustained a further decline of like Amount upon the nows of the movement by tho Rank of Ly sectndee cr tas sin good Lo wan ty y Imnens Ww! wi the important financial of the Inst few days hage been received by the public, and a rally o0- curred. The final qnotationa wore \ a \ per cont be- low those of yesterday. Nearly all other classes of secu. rities wore prejudiced to a greater or less extent, but in scarcely any instance was tho reduction importast, the closing quotations generally showed @ recovery ane gy ees aie: ani dat mar! ‘was the rato gene asked for good bills, es Son yee es rate co te, At the Bank of the applications wer toa fair extent. the Stock thero was's suppl, anni gh Fede, Paehangs ST Felice Send eure f ‘The following are the latest quotations of Am 4 can stocks from the London Times of the | cent, rodm’ble... 2 a . ¢., Fed’ ble, 1874. .ex. d. a Virginia state it. a a * OB. 5 New York Central 6 pr ot (rinking fand), Do., 7 per cent, (sinking fund), 1876... a a a a a a a a a a SSNSLSSESS BS SSMSEARSsSS 100 oo BSRSSRRERSRRSERSS Bx S8estesssss eee The Albany Argus publishes the following sum- mary, showing the condition of the banks of this Btate on the 28th of December, as compared with the previous quarterly report:— a2 341 068 430,441 13,962,096 9,530, 178,116, 8,627 26,427,338 16,044. 29,605 ,31 or ieneee 7,480, 70° Bills of solvent js... 2,608,987 2,287,84¢ fails of suspended banks ‘942 2,628 oss and expenseaccount. 930,479 1,767,862 Add for Cents.....+...4.5 ‘ead Total. +e eeenerereree «$311 245,556 309,056,628 Labilities. + -$111,834,847 111,821,967 31,759,127 23,280;950 18,310 468 16,083,257 29,706,606 20,402,678 eeeeeceseeserses — 2962,90T 5,600,619 Pg eG i ee - State of New York... 3,660,907 4,180,794 Due depositors om demand 116,190,466 110,664,578 Amount due not included under either the above heads. 2,616,159 8,972,267 Add for 514 ‘628 Total liabilities....,. ...$811,245,666 300,056,628 10 Nasaau Bavk.... 18 Shoe & Loa Bani. 104 de 90 Imp & Trad Bank 104 do. 276 Pacific MSS Oo.. 89 do 1 1% do. 70% 110 do. a 70% : do To! 4 wo. do. n° do 1 150 Clo & 84 100 do. 34 100 do... DOO 34; 100 de... U0 36 100 do .. 84% &RK Td RR brig do. 53 do... do..: do... dO. do... 4 &QRR.b30 7454 40... . 830 do. e do. BOARD. W0sbsMSA&NIRR 154 30 do.. . ‘160, 98 =: 200 Galena 21000 H&St JosRRbs 66 10 do. 3000 Chi&NWim. 46 6 shs Imp&Trad Bk 104 44 Mechanica’ 7 ? 10536 do... 880 60 Pacific MSS Co.. 90 300 Cley & ToLRR 800 3514 26 Penn Coal Co. 500 do.. -.. Sb 160 Erio RR. do 35% 60 do. 000 Chi& Rk Is RR.. 68 50 Hud Riv RE ores! GR 1 do... 200 do... b 8% S0Chi,B&QRRsi0 14 100 dO... + 40 DO.ceceeees TA 150 Mich Con RR... CITY COMMERCIAL REPORT. Weonnspay, January 23-6 P.M. war market was quiet, with small sales at 5c. a 6. breavsruy.—Flour—The foreign nows had a dopreas- ing influenc® and most descriptions closed at lower rates. ‘The sales embraced about 13,000 bbls. cl within the following range of prioes:— - _ ine Extra State, good to choice. Superfine Westorn.......... Commen to choice Westera extra. . Mixed to ht Southorm....... Straight to good extra do..... 6 Choice extra family aad bakers’ 7 Gen mits J Brandywi 3 n , Jorsey ine. . 8 —Canadian flour was in better ly and common grades wero heayy and easier, while extra brands were unchanged. Sales 350 bbis. at $5 15 a $7 26. Southern was in domand, but at rates in favor of purchasers.) closing = within Rye flour was steady at our quotations, with sales of about 200 bbis. Corn meal was heavy at our figui with sales of 260 bbls. Wheat was in moderate det and the markets lower and unsettled. The sales embraced about 34,000 bushels at $1 45 a $1 55 for white Indiana and Michigan, $1 60 for choice Michi; and California, $1 a2.ag 4 for red Western, $1 3@ for red State, and $1 28. a $1 2836 for amber colored Iowa, $1 20 for North- ern club, in store; $1 27 for Milwaukee club, in store. Corn was lower and more plenty. Tho sales embraced about 40,000 bushels, at 680. for Western mixed, in store; G0c, for do , delivered, T0e. for now white Jersey and Southern, ahd Tle. for old round yellow. Barley was quiet. bushels State sold at 660. at the depot. Oats were in fair demand, with sales of Western and Cana- dian at 360. @ 370., and State at 370, a 3TKo. Corree.—The market was steady, and asale of 150 mats of Java wore made at 16%¢c., and some sales of Rio were reported at p. t. Corton. —The foreign news bad a ing influence om prices, which wero unsettled, while the sales om. — wbout 1,500 bales, closing on the basis of 1170. a voabee cota were t Te tlk, at Like oo nehels cora wero enga uli, at 1d, bia four at $6. 64. 0 84. 7544, 260 bbls. lard it Sieot 1,000 boxes cheese 46s. ef? Feb shi : i é i oS 3 i i as ie i Fy = ie ! HH i sie : : SF The week aro of 375 bbls. at prices not Provmerors.—Pork—Demand steady, with sales of 300 ies mas ah eo ye 50 for prime, the lattor igure for extra, was steady and demand with kale of 180 bbe i inohudiny, ropacked at $8 75a $0 60 amt $10.0 $10 60 oxtra. Hoo? hams were held with steadiness at $13.0 $16, Bacon was firm and in fair do- mand, with sales of 250 boxes at 90. for Westorm Comberiand ent and 9X0. for city long ribbed, Cut ments wero in good request, with sala of 176 bhide. and tierces at 6340. for ‘shonidera and 8c. @ BX. for hams, Tard was loss buoyant with males of 376 bbls, and tlorces at 100, for No. 1, am 106. a 10%0. for good to prime, Dressed hogs were (Sale £1,000 t jen of 1,000 bags at p. t. Svar. —The rales cmiraoen avant hile, Coba, in Cluding refining and grocery gauet, mostly within thy