The New York Herald Newspaper, November 18, 1862, Page 2

to THE MAILS OF THE EUROPA. The Prussian Government and General Butler, COBDEN'S SPEECH ON THE WAR. SECRETARY CHASE AS A FINANCIER. The London Times and New York Chamber of Commerce. The Anglo-Rebel and United | States Navies. &e. de. &e., The" mails of the Furopa reached this city from Boston ‘fat.an carly hour yesterday (Monday) morning. Our files ‘of European payers are dated in London and Paris on the Jet of November. The journals contain the following very interesting details of the vews telegraphed to the Hiseacp from Halifax:— The Paris correspondent of the London Herald, writing ‘on the 3ist day of Uctober, says — Ifthe Fresch wish to make Mexico a French depen- dency no Powor im Kuroye objects with tbe exception of Spain; therefore, why not try a litte trankness by way of a change, aud candidly state the object which the ex- pedition is expec ed to accomplish. Ail commercial” Powers, and Engiand at their head, woula be grateful to France for sub: iting berseif forthe adventurers who have made anarchy permanent in the country. Why not candidly confexs it if such be the object in view? Mme. Geffrard, the wife of the black President of Eayti+ ‘and herself migro simillima cygno, bad the honor of an audience of the Emperor and Empress at St. Cloud oo Sunday. The Vienna Garrtte of the 29th of Octover announces that, in consequence of recent events in Greece, the Em" Peror has ordered (be immediate departure of an Austrian naval squadron for the Archipelago. It will consist of the frigate Novara, ibe corvetie Archduke Frederick, and two gunboats of the first class, This squadron, placed ‘under the orders of Captain Baron de Pock, bas the mis- sion of protecting Austrian commerce and subjects ia Greece. Oar Bertin Correspondence. Berwin, Oct. 29, 1862 A Difficulty with General Bwiler—The Krenz Zeitung on the Policy of Englanii towards America, and the Recognition Of the Southern Confederacy— Departure of M. Bismark— The Revolution Greece, dc., Bc. Intelligence has ber veeived from New Orleans ef a Trent affair op a swai) scale, in which the rigtts of the neutral Prussian ii g are alleged to have been violated by the federal auth r.tivs. The Prussian ship Essex, Captain Klatt, bound for Liverpool, bad taken on board a cargo consisting of cic kes, staves, cotton, &¢.,-with about seventy-five thovs.od six bundred dollars in specie (gold and silver). Sts had also tweaty five cabin passengers, mostly belonging W the better classes, including fifteen Yadies and four clergymen. Captain Klatt intend:d to sail on the 16. of September, but was stopped vi cy armis by Genera: Butler, who insisted upoa having $25,000 of the specie uuloaded and delivered up to him, 1t is not stared on whut grounds he made the demand, He had probably found out that it was Confederate property, aod, therefore, s.lject to contizcation. The captatu, who had signed bills o. iading for the whole amount, and engaged (0 deliver it to (he consiguees at Liverpool , refused to comply with ibe orders of General Butler unless the factor actually p.vceeved to lake possession of the mouey by force It seems the General did not think proper to re fort to Buch extremities without Srst reporting to Wash- ington, but in the weantime (be ship was detaied in the port of New Orivius, where sbe was still lying eo the 24th ult. Captain tact bad protested in due form against Abe proceedings, avu made the United States goverament wesponsible for the forcible detention of his ship, cargo ‘aud passengers by General Butler, claiming ope thousand dollars por diem ‘demurrage’ or duumages tor the injury duflicted upon bim by the delay. It ts pussibie that since thon the dispute bas been vmicably settied betweee the Prussian ambassauor @t Washiugton and the Socretary of Bate Of course Americas has nothing to fear from Be half dozen cockvoate which opmpove the Prussian but for that very.reason it 18 thought that Me Voiied Staies authorities wil be the more willing io ive satisfaction to a government with whom they havo @iways beeu on tbe most friendly terms, and whose Gog, 4f We repreve: tat) us of Captain Klatt are correct, would certainly appear to b.ve been treated with scauty courtesy vy (we officer Commanding al New Orieans ba The Krenz Zietuny contains the following article on the Pohey of England towards Americs, which is of some importance as showing the ideas entertawed by the lead jug Circies of Prussia on this subject "The recognitien of the Southern Siates by England appears to bave as sumed more apd more the charucter of an open question, aud it is Dot without iwierest to gee how the Cubiuet of Lord Palunerstuu is gradusliy maturing the decision of thix dvicate affair The British government are undewiabiy tua diticult positiou No doubt they are secretly re joiced at the pros ective debiitaiou of their powerful Fival, and the aimmution of the political influence of Awerica in general by her sphttag up into hostile States, OF groups of States Dot this satisfaction is damped ou the oue band by the evttou famine and the blockade ot 4.0 duuthern ports, and on the other by their fears for Canada apd mistrust of (her “magoauimo: wich imake it tuowmbent upow them to devise ca\ious policy, and wot to precipitate a catastroph Premature iuterierence If, ootwithstandieg the aud for (he recognitioe of the South is louder aud louder, and words are openly pro even by members st the Cabiuet which serve to wivage it, While immedtutely after they are disavowed oF Oxpluued away tv ofuer vilicwl quarters, i nay weil be worth whue to examine (Lege apparently contradictory ements a tle more closely Iu 80 dowg, however, sily arrive a: the couctusion that uotbing' would be € erroueous than ty ascribe the diverging opinious ex ed by Gladstove and Lewis toa corresponding aulago: \astoue bas the mission to in} Lewis dikavows him. oxi y make tt appear at last as | sist.bie pressure from without tuey only yielded to w Meauwhile the £ Press continues to rep e cut the coudition of the as deplorable and bn) and the agents of the South secoud | urging thal the recogn } would be an act uot of bus ce acd humanity toward the North Tu short, the oid game is played of enveloping wsked ego tiem in’ the decent mautie of Christian chority aud maierd civilization Iu spite of all this, however, we do not believe fur the preseut in (he recognition of the Engtand; way, we almost doubt whether thit recog! will ever take place it a form that would reuder Eugland an objcet of batred ond ayianosity for the North Com. pleve exhaustion, the exciemeut Of suspicion ayswet the President, aod disunion im the these ace expedients by w tain ber ends more saiely and. eiticuciousl y the North to weleome ber wier vention a8 an act of kindness, instead of re senting it a¢ an insult. By this policy, toe, kngiand would avoid the risk of doing anything that Dught make her dependent upon ber ‘magnanimous ally,” aud would riserve bes streuyth for other questions ta which her interests are at stake Mi. de Bismark left ior Paris on Monday morning, his Journey baving been delayed by the ministerial © in France, whwb are tet much relished bere, masmuch at of Aus ae indicative alliance of koocked on bat the ministers of Lowis Napove Jools, whom he uses as lon as he w aliows te pu ea lwe a He has certainly no predi Jeetion for Austria, and she Lever bas more cause to fear him that when be ‘appears juclived to favor ber. trath, which the Avstriay statesmen bave experiet eVOr siUGe Lhe Crimean war, has received another proof at the preseut moment, if. as ie suspected had a baud in thy Greek reve uiou, which bus broken vat s expoctediy and must 0!i (ue ‘old legitimate dynasties Hurope with censterbation, The fact of th ted (be Kiug and ag Drouys de \'Buyt is ku we to bea part tila. 1s bis appoimime:t is bbe regarded the 20 w put Cheir (rast not wn & but in (he b be ten and shape bis “HE AMERICAN QUESTION. remels Of Tbe: | pd it would b iliiam 1, were to rellect servuly upon it courte accord mgly Cobden on vents CHANCES OF A REUNION OF THE AMEWICAS PKOPI, ENGLAND CANNOT FUNKCK MAK gPFINIONS IN THE aTATES. (Frow phe London Times, Vet. 20 j ening (Oct 20, Mt Cobden” addyersed a large Meeting of hie co onsituents at Rechdale at Mr. Pathem ¢ mmcbine shop iu the ue: The room, which will hod orowder. ‘fhe Mayor ol Koc hdule presided, nnd there were the mayors from several of the pewlburing Lowpe,e large proportwn of ‘be principal manufacturers, Aad & Inages of Operatives we. Gai4-—Jeforet adurese mycell to the gene. Tal subject Involted in (he resiution which Is Low befure FCM ith your permission Amy a few 9 ch de tivek tats & byt wh car to wy ft be, as Hh GLEE to ew c athe ra ene 5 ould. wo say u few “ on 4 stood, aud o sleuring up any misapprel jon that may exist with regard to the position of this district. Among other our fellow countrymen in ars. I should like to say a werd or two in reference, not only to our own interes in this disaster, but also to the respon- sibility and duty arising out of it, which fall om ail parts of the kingom. Now, you are suffering bere very Much in the same manner as you would be if England were engaged in a foreign war and this country were placed in a state of biockade to prevent the ingress of eotton for your mills That wonld be a state of things which would be accepted by the whole kingdom as an ailair which congerus the whole community. All England and the United Kingdom would come to your rescue; any necessary amount of expenditure would be inourred in order to rescue you from the danger which assailed you, aud to compensate and indemnify you for the injuries which you might have sustained—/fear, bear)—thore 18 very littie diliereace im principle from such a case and thai in which you are now reaily involved. You are aut fering vot from a blockade of Lancashire, but frum a Wocade of the Sonthern ports ie United States: Both arise out ofa state of war—both arise out of the princi- ples recognized in the conduct of war, and, as the government of this country are asventing parties to such principles of warfare, aud as it is an evil arising out A war which you cannot provide against, which .you cannot remedy, and for which you are nol responsible, thea I say it must involve the same consequences—that your sufferings should be shared and your case relieved by the efferis of the whole of the Community of the United Kingdom, (Hear, hear.) We are piaced in this tremendous embarrassment 10 con- Sequence vi the civil war in America, Now, don't expect me to be goiag to venture upon ground which other poli- ticians have trodden, with, 1 think, doubtful success or advantage to themselves; do not think I am going to pre- dict what is going to happen in America, or to set myself up as a judge of the Americans. What I wish to say is a few words to throw light on our relations as a uation with the American people. 1 Lave no doubt whatever that it Thad been an American 1 should pave been true to my peace principies, and that f should have, been among, perhaps, a very small number who lad votes or rased (heir protests iu some shape or other against this civil war in America, There is nothing in the course of that war which reconciles me to the brutalities and havoc of such @ mode of settling human disputes; but the question we have to ask ourselves is this, What is the position which, a8 @ nation, we ought to take in regard to the Americans in reference to this dispute? It is no use arguing what was the origin of the war, or to advise ite discontinuance, From the moment the Oret = shot is fired, or tho first blow is struck, farewell to all reason and argument. You might as well argue with mad dogs as with mea wheu they have once begun to spill each other’s blood in mortai combat. [was so convinced of that fact during the Crimean war—which, you karw, I opposed—I waz 30 convinced of tbe utter uselcasness of raising onc's voice ip opposition to war when it bad once commenced, that] bad made up my mind that, as long as! was in political life, should a war again break out between Kng- land and a great Power, 1 weuld never open my mouth upon the subject from the time the arst gun was fred wn: en til peace was mado, besause it is only by the exhav of ono of tho parties engaged in the war that a termi tio can be arrived at. Look back to our own history. What did eloquence, however great and masterly in t persons of Chatham and Burke, do to prevent a war with the American colonies, or to stop it after it had com- menced’ What did the eloquence of Fox do toavert the war with France which followed the French Revolution? There was aman at the commencement of the Crinean war who raised his voice in accents of eloquence, in power of pathos aud of argument, fit to compare with apytbing that ever fell from the lips of Chatham or of Burke, I mean your distin. guished townsman {my friend Mr. Bright—(chcers)—and what was his success’ Why, (hey burnt him in efligy for bis pains If, then, we were se powerless as politicians tocheck a war at home, how useless and uvavailingg!t would be in me to presume to affeet in the smallest de- gree the results of the contest in America, We all regret this dreadful and sanguinary war. but to attempt (o scold the Americane for fighting, or to think of reaching them with arguments when they are standing tn mor‘al combat, miliions of men, armed, and Gighving to the death, would be the greatest waste of intellect we ceulu commit. But it ts said by some that this war will soon be brought to an end, and brought to amend macertain way. Now, L pave travelled twice pearly through every free State tn America. Sknow most of the principal persouxs engaged in this contest on both sides 1 ek myself pretty well informed of all tbat has been going on iv (tbat country, and though I think I ought to be as well informed as the average of my countrymen, Cabinet Min isters included, yet, if you were to ask me bow this con- test is to end, I confess that P shouid feel totally at a loss: to offer an opinion that wonld be worth the slightest atten- tion on the part of my hearers; but this I will say, that iff were put to the torture and compelled to offer a guess | should not make the guess which Mr. Gladstone and Fail Russell have made on the subject. (Hear.) Idon't be lieve, if the war in America is to bo soon ‘brought to a termination, ‘hut. i: will Le brows hi lo an end by a sparation of the South from the North. There are great motives at work amomg the large majority of the people in America, which seem tv me lo drive to this dreadful contest rather than see their country broken tn 0 two mations, 1 don't speak of it asa thing [feel great interest in inyself; it may be las utopian, but T have uo great sympathy very great uations; 1 don't, myself, sympathize largely with those wuo desire the groatuees of « people by a vast calensiom of empire. What 1 like (p see ts the de veluopmeni and elevation of the indivtdwal man. We have had great empires in all times. There were the great empires of Assyria, l'e:sia apd the rest. What trace have they left of the individual man? 1t 1s your little States— Greece, fur instonce, or Italy, which in the Middie Age: had so great an effect on the revival of learning—wiere you could ride on horseback through two or three States in a day or two—those were the countries where bu- manity baa flourished and been glorified. These, no doubt, are utopian opinions, they are vet the opinions of mavkind now, and perhays they ought nvt to de the opinions of meu in political life until we soe a better yuite to morality or international law, whieh wouid assure to @ gmnall State (hat it would obtain justice at the hands of a greater one. But.leaving the dreams aside, what appears to be in. the present day (he perma. ment foterchunge among the races of man’ = Cer tainly not a cesire to separate, but to agglomerate, to ring together in greater concentration different races speaking the same language and professing the sane reli- gion, What is going on in Italy? What is it thit stirs the heart of Germany? What ts it that moves Hungary? It os the nations wishing to come together. You tind ty Furope oo istinet pervading the mass of mankind jead- them to separation from euch other, but there is a poweriul movement all through Europe towards the ag glomeration of the races of nations. It is very odd that statesmen Lere who have a profound sympathy with the movement in Italy m favor of unity cannot appreciate the force of that motive in the presevt contest in America g Three fourtht of the whole population wn America are now coniending against disumon; they are following the instinct. which is tmpelling the the German, and the other popu'ations of Eu- “pe. and I have ne doubt that one great and domi nant motive ou their part is that they are afraid that if they wnited they wil be treatot as the [taltans were treated when they were disunited— namely, that tae foreiyner will come and set hes ints uso foot among wen and play off one against the other, to the degradation and posable subjection of the whole ‘These sre powerful motives, and if they are operating ss thoy Appear wo operste, they may lead to a mach more pro tracted coutest than las been predicted by some of our statesinen But the business whieh we really have bere as augiishmen is not to speculate on what the Americans will do, for they will act totally independent of us. Let us give them cur sympathy while we lament over a great misiortuve, but do not let us attempt to seold, and worr nad dictate to then, oF even. predict for them what wil happen. But what is our duty towards them in this taatter? We have talked of struct neutrality. | wish our statesmen, and particularly our Cabinet Ministers, would enforce upon their own wmgwes a little of that srmerse of sohach | thew | profes their diplomar very frey hize the South. Bat that receguition of the South is always coupled with avother object—namely, to obtain the ootton you want, beeause if it were not for the dis tress brought apou us by the civil war in Ameriea I dou't think humanity would indace us to interfere any more than it does in any other war in other parts of the worid And now fet us try and dispel this floating fullacy whieh has beea spread through the country by interested per sons. Four recognition of the Sowh would mot give you cotton: tnt the reenmitun of the South in the minds of par- lire whe use thal term +8 coupled wlth sumething more There ison idea of goiuy and interfering by force te ut an end w thal contest in order that the colon ‘may be se free. If L were President Liscoin, and found myself rather m a difficu oo acevunt of the preesure of taxa too or ot account of @ discord ot parties in the federai ranks, and if | wanted to see the whole p pula tion united as ove mau feady to make me a des pot, 1 should wish otbing better than for Bnglani ant Frans, oF doth together, t attempt to interfere vy fore in the quarrel. You read now of the elections whe are goig of th America, and | wok te tho elections with Ube greatest ilerest, as the only indication to guide me in formiug 4 judgment of the future You fee it stated that in (bose eloctions therg te some diruniio Of pares, bul le the foreigner anderfere im thal quarrel, and ail the old tines of demarkation will be efleeed for ever, and you will havea united people yoining togethe the intrusion, (Hear, bear) It wns so in. France great revolutionary war What was it Ubat cn Reign of Terror bat the cry o! alarm that ibe was coming to inv them? and the aristocrats w guillotined a¢ traitors to (heir country because they were friends of the torey And let me remand you that your « It wontd have in the present state of armamen' y et on (he com bata If people were geueraliy better avq ad wih the geography of America and the state of 11< pepulation they would see bow much We are apt to exag even our power to ipterfere Lo produce apy reswit on tts cor tost. ‘The policy tebe pursued by the North wil! be dewyied bys the elections in (be great Westerd Statws, | me a the gr growing revion of the Mieeiaeiypa valley, tho Stat Michigan, (nds, litnewm, lowa ves ti Jf they determine to garry “We will never make peace while the wouths oF the teh draia 27,000 miles of navigable wvier cremun in the bands ef a for to Pewer,’ ubl veverexpeet to put a pertad to mt You must ember that you bave to go 1.000 miles up the Misgis sipet before you get to that wast region, peopled by 5,000,000 of 10,000,000 souls. that wil be fhe future de postory ofthe weailh and tumnbers of that gremt conte nent And whatever the will of that poopie is, New York t bot the broker o their option, apd New York, It Pennsylvania and New Eigiond mart co ws ty as wile, them, as the taik of chibiren for England to preend thay they an go there and ¥ population ‘or thy part 1 thick the lanzusee which q used sometimes in cert d to the power 0 a wil upon the population Of America almost savers of the tudicrous Wheo America bad but 2,600,000 of popu lution we could not enforce or will uo it; and the tendency of modern armaments, and vb you have to deal with civilized people baviug the r pate mec hoo cal apy lances #& yourselves, and when that peepie number ten or twenty tiliioms, it le uext to im Passible for any force to ve transported Ne oss the Atlan- tie whieh will effect a conquest, Englishmen are very apt be (bias Waal they Cau dy aay hiby by foie, te: deen - that system of warfare home to our door, by making auch alterations in the maritime law of nations, whieh affect the rights of belligerouts and veut als, as will render it it ible in future for innocent non-com- batants neutral Rere to be made to suffer ulmost ae much as those c-rrying on the war there, (Cheers.) | will wotenter into this sul j mito it at length elsewhere, and | shall have to deal with it again in the House of Commons. All I wish to suy is Shis, that it is in tue power of Kugland toadopt such & system of maritime law, with the ready aascot of all the other Powers, as will prevent auch a state of things being brought on u6 in future; Iwill add this, that I doubt the wisdom—I certainly doubt the prudence—of a great body Of industrious people aliowing themselves to continue to for in dependence upon a foreiga Power for a supply of @ and of raw material, knowing that a system of war- fare exisws by which, without notice, By moment, they are liable to bave that food or raw material cul of from them, without having it in their power lo resist or prevent it. (Hear, bear.) That 1s the only good that Tcan see we can do for ourselves in this matter. There is, perhaps, auother good we might do, We have secu a great country. in the very pride of its power, feeling itself exempt from the ordinary calamities of older na tions, suddenly prostrate’, and become a cause of sor row rather than of eavy and adnuiration to its friends elsewhere What should be the monition to us? We should ask ourselves whether there is any kind of injus. tice unredreased in this country, We should ask if there is any faw im our institutions, anything requiring adjust- ment, which, if not dealt with in tume, muy lead (oe great disaster, like that which has occurred in America. It is not by stroking our beards, or turning up our eyes like the Pharisee and thanking Heaven that we are uot like other men, that we can avert calamity, but by protecting ourselyes, by asking ourselves if there is anything in our dealings with Ireland, anything in india, anything with regard to the franchise of the people—(cheers)—whicts require dealing with, and if so, let us deal with it at once, aud not be teft to find it out in the hour of our ad- versity. It is impossible to talk to you to-night without dealizg with the sub,ect thut is uppermost in all our mindg and is bound up with our duterests closer than anything else. « ® * We see—to use the language of pugilists—‘‘a cross” being (ought between the leader of our party tn Par liameut and the worse part ef the party opposite, in which we are victimize! and yeu are betrayed. To continue to witness that would be to betray our trust. We must separate ourselves {rom that state of things if it is to ge on any longer. We cannot expect that our constituents wil! fight the battle of reform if they see that the chief who represents them tn the House of Commons ia bandin; them over to their enemies. How would General McClel- lan’s Army of the Potemac fight ii they knew that Mc- Cletian had @ secret understanding with Jefferson Davis apd General Beauregard? Next session we shall see whether the good or the evil principle is (rivumphant in the Cubinet. It will be evinced by the measures. I can only say, for myself, if it is to-be anythiog like the last my voice will ba raised against such awtate of things. I will do my best to putan end to it, and will not forget the resolution you bave passed, that if they do not carry out their pledges and pripciples the best thing is for them to ge tuto opposition. (Cheers). [am of opinion that the true solution of our difficulties will ouly be found to a re- form of Parliament. (Loud beers). The New American Navy. {From the London Times, Oct. 31.] Nobody cau refuse to the tederai Americans the credit of reaointion aud constancy. In spite of continuous de- feats, or victories scarcely less discouraging, they have now persisted for cighteea months in fighting outa samme which everybody sees must bea losing one, We have recently learnt, ideed, from the publication of a re. inarkable etter, that the views of the coutest universal entertained ip Europe were presented to the government of Washington by the oldest soldier 1m the States beiore the struggle began. General Winfeld Scolt put the real prospects of the war before the President and Mr Seward then ag yet nol a battalion had heen ravsed 0” @ shot fired, nnd the experience of the campaigns has proved that th pronostications of the veteran commander fell even short of the trwh. Yet, for ail Uus, che Northeruers are stubborn ly bent pom their bopeless task. To # prodigious army, wwliied ny louger by volunteering, but conse. iption, re now adding @ very large, if not « powerfi! wdrons is especially notable, und, in these days of naval! reconstruction and expertinental fleets, we ehoatd ve itted to observe their proceedings. In January , 1861, the Americaus had .orty ons vessels of ail rates in commision. There are pow two -handred aud Gfty-six meu of.war carrying the federal flag, so that the navy has been multiplied sixfold in less than two years. This, however, though denoting a wondertul effort ou the partof the pation, is pot y exiraordi nary result when the circumstances are reviewed. On the same conditions we could send a thousand cruisers to sea in eveu a Shorter tine The fact is,as we have before taken eeeasion to remari the Americans were driven out of their old tactics by the sharp pressure of instant necessity Instead of concentrating their energies and their expenditure on one or two monstrous speci mens of (here respective classes, they preased at once into their gerviee every flouting vesssel that could be found, River stoamers, ferry boats, nail packets, merchantmen, and coasters were all brought up, bastily armed, and sent to sea under the pen- nant. The result, of course, was au aetuu.sbing increase of the national marive, and it happened eifieient cue rtoo. The tederais were yhting against an enemy whe had no navy at all, and cousequcutly nay Leet was good enough for the.purpose. A really efective squadron might have made sbort work of these makesbifts, but (he Coufederates bad no squadron of any kid, aud se the cx. temporized leet of the Nortberners succeeded in keeping the sea aud bivekading the porta of the helpless south Although, however, the federals acted with this judicious decision on the spar of the moment, they lost po time io putting sume Letter work i train. They accepted vers promptly the conclusions of European governments re- Specting trou eased vessels, und ordered a good many thie on the the present moment they uave betw wenty-fve aud thirty of these vessels actuaity a ant one fewer thas iniriy re building. Yot even here we mugp wot delude ¢ feives with the belief that the ‘0n clad steamers” of tLe federal uavy list represeuis anything like such ves seis as are now imclided in our own squadron at Lisbon. The ame urgency tu the aemand and the same peculiarity im the contemplated service bave been at work bere aso Lo affect the efficiency of the ships turned out. We know by experience whut i required for suck coustractions a3 these; and when we bear that even improved and powe: fot models are launched in a few mouths, ani for £80 000 &@ piece, We cad foray a very good lea of thet g quality With these qualficatiors, however, the new federal y may certainly be regarded ag w remarkable ere tion, That very g-ternment whieh, a few mouths age had but iorty ion ol war afloat bas now « bieckadiug equadrou of fitty ope vessels in the S uth Atlantic, and another of forty three in the North Atlaniie It hus a & (bird squadron 0! Ofty seven ships in the West Gulf, ana a fourth of tweity one ti the Vast Gulf Besides these there $3 a Hotsiia in the Potomac numbering twenty tour vessels, and avetter iu the Sitssissippi zomprising twenty. Se ee ee Res Oe le me Upon the whole, the new federal wavy bas been Jo Signed wit! so peculiar and exesptional an objcet tat it is hardly s.fe to draw any general lessons Crem such aD imple, The Northerners wanted # feet. ot to eu ter the fleets of an euemy, but te take on the instant aud Keep jwssession ot an aueooterted sea, They required wibouts for the bavigation of broad rivers. and flotilla: operate with an army i the field, These necess: Les of their positiva they uot only diecerued , bu ed without an Lour’s delay, and the result certainly does them credit, as it has, indeed, done them service. Mea- sured, however, by European standards, their squaarone can hardly be rega: ded as effective, unless we are to pre sume that other nations Bave expended upon their nay ies a large anvount of supertiuous pains. Wr coud dv in a fweinemonth not only what the Amert3ans haw dons, but fire tomes as much. By preasing every species of craft inte the servic, aad setting every building yard to work without stint of aerutipy, we could sooo multiply by a copsiderable figure the aumber of our #bips in commts- but their quality would got remain auch as it iw at ‘ The conscription bas been commenced in the United States under oo very tavorable auspices. The resort te it cvincides in wf Lime with the revival of the deme. @ratic party amd with the spread of discontent in Uw army The drait is going on iu some districts simultaneous: ly with che State cloetivns. While popular candivates are dononnerng the avowed objects of the war, Gen, Meviel- law endeavoring to check the expression of similar sent ments in bie own camp, aud the Irish and Germao mer- vevaries clamoring (or the arrears of ther pay, commis. swaers are prtcolling the country with lists and ballot Loxes The appearance of these Fymptoms at the very moment when the principle of gompulsory service is on tue yuntoward The sawe rtives of patriot. jem of martial ardor which animate real volunteers will ¢ memes make them wayfereut, for a it least, to the failure of th on for their eohet ment Thiet clase, must long since have heeu ext w the North, and the fact that cooscrip: Lon i necesaary, proves thit the cleat which is autgacted by the promie Of high bounties i* exhausted too, Con sroering that 1 uM S Cares these Bounties have not yet been received, Abit ‘the pay of more than one half of the army im iu attear,” aud that -tuere are many regi nehte i the field that bave net recived aecut or pay for erght months.” we eannot be wurjweed’ at this, We vow ly ges Whelber uuWikeny recruits can be pro aamtry like Ainerica at «cheaper rave th ie Obe can deny Laat the goveruineat did the very last. pe % ly, shows bow desirable tt Suvuld be regarded as an . flow of the stringent or le At of peree taniplating an evasion ot the dgait, aud of the restr bu traveling, eli the dame #tory Prestient Linetin Kaew well that the practicalnasertion of a rigtt over the persour of crtizeue 1a Ul rth wis 4 more bazardeus mreceure than the emancijaly o ordinance Wael The city of Cleveland, in Obio, is ove of the tirat places where ihe experiment’ mas been ted This city hae @ of some 66,000, and maintaros a large trade déncide Of ite inbabtants may b Gratin (rom 1,000 to 1,000 majority on the State ticket.” Accordingly, Mr. Rice, the Commissioner, tound it im ible to carry out the draft there without the aid med force. While theesroiment sheets of the Fourth and Fifth wards were being revised aud the drawing was bout to commence, A great Mob besiewed the office and stroggied to got bold of the papers end the “revolving iy Upon this, some three hundred wen, “all armed With Minio muskets, and provided with an ampie supply OF bal garinige’,’ 66d Maly baibeigg ‘The numerical strength, wdeed, of their active | . * * ate the importance of these ‘The conscrip for us to judge Ta one county of ‘and "were killed; but i we are in- formed that ‘¢the proceedings were attended with ‘‘en- tire good nature on the part of the audieace.”’ Nor is it our intention (0 reproach either the Washington govern- ment for tyranny in adopting it, or the Northern youth for the reluctance to serve 1a the army which bas brought it upon them. Granting that (he war is j.@t and neces- fary, the means of carrying it on must be found. if 600,000 or 600,000 men cannot beat the South, a mittion must be Jembodied, and if go large a uomber cannot be coaxed or bribed into enlisting, there masse of the whole adult population. which other uations have carried on life and death Strig les, and we must give the Northern louders the credit of lieving that the present struggte for ‘op, sutegrity of the Union is a struggle for life or ‘death. ‘hat the late diff. culty of tindiog reeruits. and the prospective diliculty of enforcing the draft have @ tendency to prove is, that a large proportion of Rorthorn citizens db not share that beet. The people of the Confede. ate Stutes beav i patient!y becanse the war on their part ts defensive, So, if the “North were asserting its independence ite people ‘would rise as one man, and submit, if necessary, to a miliary dictator. But it has yet to be shown that a contest for empire can inspire tor avy long time so desperatea resolution, or that the character formed by republican inetitations would in such @ case be capable of it The New York Chamber of Commerce. ITS RESOLUTIONS AGAINST ENGLAND'S POLICY TO- WARDS THE UN! {From the London Times With regard to politics it ts aren) there would be tittle uneasiness were it not for the rather severe daily decline on the Paris Beurse, the conviction being that even if any disposition to anarchy or violance were prevalent in Greece, of which there is as yet apparently no symptom, nothing coud occur t«. carry ‘the question out of the control of the great Powers, whose interests are at this moment more than at any form period in the history of Europe in favor of peace. in thi course of thé mi pring thers, was much comment upon the resolutions against England passed by the New York Chamber of Commerce; but the only impression produced by them was to confirm the belief that all classes of the Atuerican people iv Lhe Northern States have by the fren- zy of the war been wtally deprived of the power of logi- cal perception, and that consequently each wild démon stranen of this kind that may reach us from week to week may be discarded as altogether inconseguentiat. {From the London Times (editorial) . Oct. 39. | Chambers of Commerce, as we have irned from bome experience, are aot always so wise y th selves. They advance somewhat exalted pre eniightenment aud int-Iligeace, and claim guide the o sof the community by t discernment; but their very constitution serves lo narrow their vicws, and they are apt rather to express the dsires of @ class tin to represent the interests of a mation Wedo not Kaow, therelore, that we need muok concern ourselves with the exiravagaut resoiutions just passed by the Cham ber of Commerce at New York; but people in time of war are so Diuded by passion and so prone to discard the Most Obvious suggestions of reagon that it 13 impossible to say what absurdity of argument may not prevail. For anght we kuow the Atncricans may actually be induced to believe that the neutrality which this country persists, Yjices, ia impartially wa:ntaining is in- Aclusively for the Denefit of one of the holligerents at any rate, i the declared opinion of the New York Chamber of Commerce, Uh ugh \t is har 1G understand how any public or responsible bedy could commit itself to so preposterous @ resolution. Both the beligerents in the American war repair to the markets of this country for supplies, but their dealings ucted oder very diferent circumstances The erals, having te aud of the sea, trade freely aloug tha open highway between their ports aud ours. Of hese facilities Uuey avail aemsetves to such an extent, that the Northeru “armies may be said, with little exag gerution, Co he apryped from British manufrctorics, So enormously bus this ‘ce recently increased, that it pow constitutes a very notable feature in our exports, aud the trade with New York ts actually resuming its old propartions under the extraordinary ‘abd continued de. mand for munitions of war. Birmingham is kept in werk by orders from Washington, and all those stores 01 material which gave McClellan so mach advantage over bis ill ac- coulered antagonists, represent so much British produce -x- changed for American wheat, But while the Northeruers are thus revelling in the resources which ovr markets supply, ttie Southerners are sorely pressed for opportuni ties of uealing. They have the wherewithal to cvme into cur marke's, and, indeed, their cotton. would be even more welcome tous than their enemies’ corm. They, 100, could buy rifes aud bayonets, coats and shoes, saitpetre and tron, bit the federals are strong enough not only to tect their own tade, but Lo suppress that ef their adver sarics. Ove Northern vessel leads with muskets for tne ~ while another waits to suap up auy Southern vessel t may venture (o put to sea ona likegrrand. One federa! feet brings us the wheat of the Sorthwestera States, while apotber lorbids the Confederates to send us a siigie bale of cotton, Se unsparingly do the Northern- ers exercise the rower that they atl but put British ports, a8 well us Confederate gurbors. under bleekade, and tax to the utmost the forbearance #f our authorities and vur officers. Nevertheless, the Southerners, eveu in these desperate straits, have managed to do something. They have contrived to get a cargo or two of arms while thew opponents were getting a bundred, and their dariag privateers bave uow and then captured a fedeval vessel, while the federat squadrous were bkekading ‘thar barbors and driving thei merchautinen ashore. /n their ef arts to construct semething like a nacy thea hve tespoiun ships in England, and have sucreeded ia ang some of them to sea. In particular, a steamor purchased in this country, and ebristened the Alabama, bas lately escaped the federal cruisers, and was despatebed, it ts said, with the special mivawn of catching, it possible, a federal vessel laden with rites and guapowder for the Northern armies This cruel and trewherons erraud bas roused the indignation ot New York merchants, They are outraged beyoud mea- sure at the atrocity of such a venture, and at the perfidy ef Fuglaod im permitting sneh departures from her shoves We do not kaow whether the Alabama was for- tenate enough ty everhaa! the particular prize of which she was in search, but a capture which she did effect’ is stigmatized by the New York merchants and importers as ‘a crime against humanity.” They reflect with extreme severity on the ‘nature of our neutrality," own by our permitting ships and he for the work of plunder and de- raazed at the intelligence that pos. ibly other suck veeseis may follow, and they invoke the intiuence of ail men of peace und goou will to prevent the repetition of such 9 scandalous act as the destruction of a federal vessel by w ve-sel fitted cut in England. Other wise, they say, though they arc most witling to be friends with us, War Wuh America must be the gousequence I is really difficult to treat as serious this unconseiona- Dic expostuiation If breaches of neutrality” are to be tue defined. the federals have committed « hundred where the Confederates have committed oue. The suidiers of the South have been shot down by weapons ‘fitted out in England.” Their provinces have heen invaded and ther cties taken with armamen's ‘filted out mm England.’ Eng. lish iron, English gunpowder and English munitions of all formet the means by whieh the Unioo- have fought against the seceders If the South been strong enough to blockade New York the North is blockading Charleston, McClellan gould wever have takep the ‘leld. [It was with far mote planability ,4 got more reason, that the South- ervers lately reproached us with giving them the moral support of our admiration, while we gave their enemies all they wanted i gungand sabres. The truth is, that it is practically impossible for any ceutral to withhold from beilizerents those particular sapplies which an ubselute weutrality would be presumed te refuse. Directly or ia. directly monitions of war caa be obtained from our mar- f this breach of the neutrai theory. such as tt tals got almost the exclumve benedt. t mde, was fain to ackrowl dge ay much in his correspondence with eurown yorrnment. If we could suc. coed completely in withholding from both North and South together every spectes of supply connected with the prosecution of the war, it ig apow the Nerth, and not upon the suurt, that the damige would fall. Ttus but little that the confodorates have got from ws. They have been too strivtly watebed to do much Their trade in this way i# smell contraband and precargous, while that of the federais «8 catried oo with tlie disguise and oc ao enormons scale The modest demand of the New York merchants that we shunld get only allow them to speculate in our mar kets, but make their specutations safe for then: by retus- ing thé same opportoniies te therr rival likely to Gua mucb fi over ber y impar tal, and ow reject the td instituitng # polities! discrimination between equal customers it Would be mere tw accordance with Uheory if we'refused al! eepplier ef nani Logether. As that cana t be do Lo the ebaraeter of the venta 1 qustomers with ther wart fh {throws wine teuthe of (lia dwt tage to (he Of the federais thas the height ef tureasce ty ob Wn o€ the yeactice Wedo, 1 mide be ¢ “permit sbi)s ant arnamel fo ye tore but where one cargo gs lori 16 (ue S HY Ab east gy te the North, and (he © work OF descruct a” (Leiwiure iG which we are how charge WiLL parnepitmg = pome agasnet Confede rather! wr the A which we thus assume. it desive essed, ben they louw!y pro gly exercised their right as ue if withP ch et pe aod munutone as che! © ply. Mr. C Pian of Finance. (From the Le ‘oat (qoVEruMENL oi gue), COL $i | be prosent jal Conditon OF the Northern States ‘of America May Weil excite the warm even oF the jeast Timid on the other side uf the Atianic When gold tne riven (0 8 premium ot Nearly forty per ceut the most ean. guine may be pardvned for eutertamug mixgivings re ecting the future Initeet, when golt hus risen to 6 high @ premium, ot more gurreciiy speaking, Me yovern~ ment securi'tes have Undergone v6 grea! a eget ton, Od exact value of the lertiar canna be reertained. Under ora nary circumetautes the quotations in the me fairly enough éxpress the re jue of milo dottom, when he gradually improved his a and bal? way up he joined tbe leaders, aud wou renee days vo pos a two afterward, i: Ou the post by a.neck; a bad third. cause, tall toa premium of thirty-two. The ‘ Doth quotations, except for purposes of , are equally fictitious. bey are ox- “ Board of C cilmen. e INCREAS# OF WAGES FOR THE LABORERS OF THE CROTON AQURDUCT DEPARTMENT—THE CITY BOUNTY AND THE BRAPT—BALANCE IN THE CITY TRRA- SURY—THE HOSPITALITIZS OF THE CITY TENDERED TO GENERAL M’@LELLAN—GRATUITOUS INTERMENT FOK DECEASED ROMAN CATHOLIC “SOLDIERS—SUP- PLIES POX SILK AND WOUNDED VOLUNTEERS, BTC. A regular meeting of the Board of Councilmen was heid last evening—Charies C, Pincksey, Esq., President, ia tho ebair. ‘The minutes of the tast meeting were read aud ap- proved. Tne Committee on Sa!aries and UMigers reported fm favor Of increasing the wages of the cauikers ompioyed by tuo Croton Aqueduct Department to two dollars per day, aud that of the laborers to one dollar and seventy-five cenis per day A resolution to that effect was adopted. . Councilman Wersrar offered a resolution that the city pay a bounty of $200 to each of the voluateers who shail euliét after the adoption of eald resolution. Councilman Baaxey said that in conseqrence of not haying received apy official information fromGen. Aathoa ‘a references to the oumber of men who have been ea listed in this city, be had the curiosity @ few days sinee to call oo the Comptrotler, who imformed tim that the .city bounty of $60 had already been paid toeight thousand mon, Me should certainly beso favor of using every means to free New York from the diagrace of having to resort toa draft, but until some definite information was obtained ax to the number of men required to Mi up her quota, he should vote against any additional appropriation being made. ‘fue resohution was finally laid over. The Comptroller sent in the following statement, exhi- biting the balance in the jury on the 8th inst,, the receipts and payments since that date and the balance at the close of business on the 16th iu to-day, and only sixty cents a week later, (he end of a month's time must be very prot Vatical. And bere, in truth, hes t meat striking evidence Of the rotten state of Amer: inance. ‘the cause of the prea ‘at extraordinary depreciation of the paper currency of the federal States fies chiefly tn the incwrable obstinacy with why°h the Secretary of the Treasury, and the Conyress refuse (0 cas'l upon the people for supp!ics. An inconvertible paper curreacy would of necessity Lave raised the premium on specie, but alono it never would iv nine months have ed gold one-third higher in value than itself. Nor would even more Serious reverses in the fiold than those which the federal government has sus tained have in so brief a period produced so great a de- Preciatioy. The immensity of the resourses of the North- ‘ern States would have prevented such a result. Accord- ing to all those principlés which govern tbe fluctuations of the mouey market, the American war, disastrous a8 it has been to the belligereuts, onght not to bi raised the premium on gold to oue-third 48 preseut beight. It is not surprising, therefure, that with almost limitless resources, and a untivual credit ae yet unimpeached, the Northern States should anxt ously demand why a paper currency, established at the commencement of the present year, should now, in ue tenth month, be worth only two-thirds tls nominal value ‘The war has lasted but eighteen months; victories, if one might (rust the despatches of federal generals, are gained wheuever the rival armies come in contac’, the Coufeder: ates, we are told, are toodespondent to protract much longer a hopeless struggle, and yet, notwithstanding all these evidenees of the success Of the federal arms, the ‘ice of gold increases every day Why, theo, the Northern press comands, should the paper eurrency of the State sink im value day after day at a rate which promises soon to leave it utterly worthices, When Mr. Chase, in the month of January last, eet in Operation his favorite scheme of mecting a yearly expendi- ture of close ou two bundred millions oy a plentiful issue of bank notes, European financic ‘edicied a failure. Tho resources of America being practically boundiess, they pointed out that @ Minister of ince need experience ao great difficulty in providing an ample income to meet the necessary expeaditure occasioned by the war, With ao” onsullled, credit, the American government woujd have obtained loans with the greatest facility, whilst taxation would not only have paid the interest on those loans, but aivo have, by judicious management, defrayed a cousider- able portion of the cufreut expenditure. Borrow and ta: if you would sustain the national credit aud pay the ex penses of the , Was the advice given to Mr. Chase by Guaneiers on this side of the Atlantic. The advice was disregarded. Perhaps Mr Chase was a believer io bie own system ef finance, vous though u ts, or per haps, what ie more probable, be distrusted the read:uegs ‘of bis countrymea to pay heavy taxes. He believed, like ban others, that the war would be sbort, aud that the South would be obliged speedily toguesumb. With & Union re-established he anticipated ngs flonity in pain - from the uation the payment of its debts. ‘the course which be adopted met with the unqualified approbation of the Northern press It ie out improbable that the pateroal government of President Lincoln intended, in the event of victory, to pay the Northern debt by Southern confiscation, and, as victcry was certaia, it was uo doubt cousidered imequitabie tc oblige loyal vitizens ta the meauwhiie to be put to pecu biary loss. Mr. Chase's fluauce chimed with the popular expectations, and was therefore accepted with satisfac. t If tt bas brought the federa! government to the verge of bankruptcy we do not think that the people have just cause for complaint Jnstead of proceeding on sound principles they Mouyht proper (o speculate, now that for tune has decided against them they ought tc submit witb agood grace. The resources of the couatry hive vever yet becn called upon; and it is impossible Le say with cer tainty that when the cali is made it wil! be respeuded to; so it tg in @ corresponding degree ditficult to es timate the value of that currency which, w the eveut of the cal! being ineffectually made, would be totally worthless. We cannot, therefore, recegnize the Justice of the attack which ts now made by the Northern prese vo the Secratary of the Theasury and tbe (ederai Congress That the present depreciation of federal securities ts due lo Hie neass. aes Tey of the one. and the revrehen sible compliance of the other, wsiue; but, had the issue of the war been otherwise, ue federal States would have shifted their burden to those which io vam attempted to forma separate confederacy The Nortb has aow dis. covered (ast ul must pay its own share of the expenses ocousioned by the war, and, with baukruptcy staring 110 the face, regrets that it did oot earlier make suitable pro vision for an expenditure which for prodigality bar been without a pi at the eleventh hour it ac knowltdges that a war be carried ov alone by a ju dicious system of leans and (axes. and, if absolutely ce eessary, the establishment of aa inconvertible eurreccy = 2 é Fy 5 2 Payments .. F Balance, Nov. 1G...... eee eee Ordered to ba received and A resolution offered by Alderman Boole in that Board, directing the Committee on Nativnal Affairs to tender the hospitalities of the city to General Mc(lellap, was con curred m—eighteen voting in the affirmative and two in the oegative. ‘On motion ef Cornailman Orton, he resolution adopted mm the Board of Aldermen accepting th serous offer of the trustees of St. Patrick's Cathedral, g gratuitous interment to all Roman Catholic soldiers from this city whe ofay die in the service of the government, was laid Over anti the next meeting. The reaciuticn to appropriate the sum of $1,000 to qure supplies for sick and wounded soldiors arri from the seat of war was adopted, ‘The Board then adjourned until 2 @ock P.O ‘Thursday oext at five The Eighteenth United States Infantry. ‘70 THE EDITOR OF THE HERALD. Came Teomas, Naan Cotcmncs, O., Nov. 13, 1862. At you bave interested yourself so fully in army mat- ers you may not take amiss afew lines respecting the Sighteenth reguiars, the Orat of the néW regiments filled. The twenty-four companies have been raised. Twenty- sevea bundred men, including those te supply losses, ave been recruited at a total cost of less than fifty thow- ®and doliare, including transportation and subsistence. Nineteen companies are at Nashville,one at Cincinnati, one at Loutsville,one on parole, captured at Munfords- ville, and two on duty at Camp Thomas, Our Cotons! «8 to command at Indianapolis, and bas sent ever thirty regiments into the field since be went there, to August, besides drilling them in battalion movements aad evolutions of the line, ten thousand at a time. Assistant Inspector General Hardie. TO THE KDITOR OF THE HERALD. Naw Yorn, Nov. 17, 1862. To your issue of yesterday, I gotice tbat tn the publica- tion of Gen Burnside’s General Order No, 184, section 6 read3'—‘ Lieutenant Colone! Joseph E. Hardec, Ad de Camp aod Acting Assistapt Adjutant General, will dct as Assistant Inspector General in the same department.” The officer referred to is Lieuteoant Colovel James A. Bardie, who beid a similar position upon the staff of Gen, McCictiaa 4A READER. Wreck of the Schooner N. L, Wason. Boetow, Nov. 17, 1862. The schooner N. £. Wason, from Baltimore for Pough- Kkeepsic, was abandoned at sea (no date). The crew bave arrived at New London. The Rate of Discoant. THE ADVANCE 8Y THE BANK OF ENGLAND AND (T3 CAUSES. (From the Londoo Times (city article), Qct 31.) The Bank of kngland hive w-day (October 30) ad- wanced their rate of discount from two per ceat, at wich it had stood since the 24th of July, to three A movement to two and a half pe 4 the Gazelle returu published this evening justi- fies the more decided mcrease now adopted — in the Mock xchange the step is regarded with satisiaction, because if, under existing circumstances, the advance had been only to two and a bal per ceut, there would probably bave beeo a prospect of couttnued uncertainty for several weeks as to whether another movement might not be found necessary, which would bave iuterfered with all kinds of business, and particularly that of a FINANCIAL AND COMMERCIAL. Monpay, Nov. 17--6 P, M, Tc-day's bank statement compares as follows with that of last week :— speculative character. From the present date there will | Week end'g. Loans. Specie Cirewlation. eer . be @ good prospect of steadine-s throughout the remwader | Nov §..$176,700,515 38,794,763 9,732,860 166,059,654 of the year. Looking at the rapid efflux of geld which has | Nov 15.. 178,786,683 39,348,947 9,840,001 164,066,604 continued without interruption for two months, the ———— ee ee ee geveral state of the discouut market presents very Inc..., $2,086,169 564,179 108,131 - anomalous features, since the commerciai demand Dec. _ _ — 1,808,050 NT nce retusa te we The effect of the 7.30 loan i not reflected here reduodape that it i8 oew scarcely possible to obiain one per comt for advances on government securities ‘The inierence, therefore, i3 that the amount of gold im circulation at home is much larger than usual, a civeutnaiance wich may be partly attribu- table tu the induence of ine great exhibition, partly to the large amount absorbed in the harvest operations. which were very late, and partly to the fear of takin, bank notes occasioned by the recent theft of paper, whic happily will now no longer operate. With regard to the specie shipments to in an effect must s00n be produced Bombay and Calcutta which will gradually teat to moderate them for the future, and it is also to be remark- 8 the returns to be received for them will consist Exchange the supply is to-day to any extent. It will not show, it seems, till next week. The changes reflected above are unessential. Vbere wae a sensible increase in the supply of money to-day. Money was freely offered at six Per cent in the afternoon, aud the indications are that in a day or two the standard rate will be five, Early in the day to-day brokers who were anxious te have no care about their loans paid 7 per cent. Mercantile paper uf the highest grade goes at 4% a5 per cent. change was very dull today; we quote bankers’ bills 146 a 4% for sterling, and 3.82% a87¥% for francs. Gold opened firmly at 132%, declined to 132 and 13144; sold at 132 in the after- noonand closedat that bid. Goldis dealt in ontime options at the board. A ramor to the effect that more Treasury notes would be authorized by Con. giess--which had, of course, no foundation.what- ever—had sumething to do with the firmness of gold this morning. The atock market was better to-day, a8 was expected and, notwithstanding the inclement weather, the solume of business transacted was considerable. At the first board registered sixes advanced %, 7.30 actes %, Pacific Mail %, Centeat %, Erie %, Erie preferred %. Hudson 34, Michigan, Central 4%, Soathern old 44, guaranteed 34, [ix nois % sud Rock Island %, Between the boards the market was strong. There was. a lively demand for Erie and guaranteed, which seem to attract the attention of speculators. just now. The NoverabertraMe of the Erie continues very large indeed; and: the rates obtained: for freight are almost unprecedented. Large lots of the atock have lately. passed inte strong hands, and no more is expected at present from Burope, as the latest accounts report un advance of 2 per cent there. At the second board the advanee conti- nued, and prices were marked up. a % per cent higher all round—the advance being le@ by Paci- fic Mail and Erie, At theclose the market react ed « fraction, and was calied dall. The bears to- day huve seemed very uneasy, anil the prevailing impression appeared to be that the baile were go- ing to have avothet innings The anecess of the 7.30 loan exercised a faverable influence on the will be exact Supposit tory course. there seem, consequently, good reason for confidence that ease wiil still ; revail in the money mar ket, and the prevalence of (his opinion seemed to be indicated to day by the tone of most descriptions of se- curities? {From the-London Post (City Articie), Nov. 1.3 We havea drain for silyer to India, ebietly for cottoa, te meet; whilst the cotton, on its arriva) in this corntry, will have tw be worked up, and the manufactures sent to all parts of the world before we cay get_a retura of the money expended, and tbis can searcely be done within twelve months In the meantime France xs well ae Et land will nave to remit specie to India for the parchas cotton (he Avstrilian arrivals at this period of the year are uncer witlst the continuance of gold from America cacnot be depended upoo as, in the distracted etnt. of that country, no ene can predict may happen fom day te ‘Avy plan fora solution of the dificuities of the Umited States by medeation ar olnerwise would zend the excaange on London and the premiums on gold down twenty per cent in an hour. Coron would then flow in, amd probably we should nave te sond-gold to, instead of receiving it Crow, America. Apart trom this contingency the demard ier siiver lor India already epoken uf, and the uumerous other foreign engagements we have to meet, taduce the belief that, de- spite ingetious arguments to the contrary, must become dearer. That a bigh rate of diseount t# not favor= abie to bullion operat i@ clear, but predictions with regard to money matters have proved so often fal!scious that the commercial community caanot be tee cautious haw they reocive or give eredence to them. The jk Trade. According to a circular of Messrs. Aries Dufour & Co (ot Oct, 30), the orders and purchases of sik goods tu the Lyons market dering the month have been of fair ox- opean sorts, being held at oumpartively lower thore of China and Japag, have tad theepre ference, more eapeerally since the last advices from Shang - bae have caused prices on the Londou ma ket fo ad: an for the manufacture of goatis destined tor Ame be difficult, #0 tong a the consumptiog in thar quarter remains closed, (0 obtag) remuneratigs rites on those jst quoted from Shangha e by the Jd ot September mall ‘The H nglish Tent. as ramen RoR T NRWMauKeT NOCOHTON. The 7.10 iokn was awarded to-day at noon at Washifigton. At the hour wes writé the de- tails of the award are not knowa. They will be found dnder the telegraphie bead im another co lun [tt understood that the loan was ® success: (We ) “Mr Fister se Anetentus by) Neviie—~Wid Duck, 2 year, det 1b (£100) (C Me. W Mr. Ashworjhe Poneus, 3 yeara, 7 ste12 1B, (£50), ‘8 Fors de Grasy m1 Vet SL. A Nawwansr Hloceg sa Gor toetinessnal seliing Plate | market. At the close the tollowing were the quo- or, 00 ecwereigus two yearold® od eysertn, dards.) tations: — lor age, with selling allowance, “Re Me (1 ar . us 103 a 1031, flarlom pref. 49 3 4 Mr. R. Feo Bs ney, MeaEK by Leximgion, 5 years, te ene #11089, 138 weg nity Te i i ache ‘bate + 3 5%, e0 DLs rohigan Con., ” ‘ gph ee AER SOR Tove Yieas 8, - 108 108 Biel se rt yiioerOs Olive’ Hiranch, @ years, Tai. 121m, | | US8's.1 ve cert 9s & (£50), (AYP maha) Sh Aden. 1 Mr Goddacw’s "peru gd years, Tet 1210 (£60), (oe 1 tet Us z, "0 83, ves®a bot by Hat -Pridiaet ¢ dam, 3 Misqvurl 66 a | tz to rf ae 35 9 an es oN \ Aotiule Byears, ost. 12" (kG), ¢ open Y Contry! * ¢ Haye —G | | Bree : nt we ¢ by Mareyy wice 2 years, Bet | Bere pret ior! be ue Peaucy at, 3 years Tat 121 (£505, | Hudeow tte Wi cen bds,7'a WT @ = (2. Wuey) y fg | Harere + 2K Bb Mr M@ cre 6 Harmptem Court, 2 youre. bee ath, (£500, ; At the third bowrd the market, was better on me (4 "Gate ‘The Mtectster a years, eat eth (eto), | Brie, guaranceed and Pacific Mail, and barely Ga saan) 0 | steacy on the other shares, Erie eb at 63h a ay SS ial Dana 2 youre, Gat. 6 1D (EHO) | | 96 guaranteed at BA, and Pacitie ay 124, ray) 6 . & Bt 12H. (£50), # Nawadabs, @ year Qyears, Gat. 12 ib. (56), Prete? 4 compared with the standard that the amount offered was very Iirge, $29,600,000 the quotatiags which fi time pas it, i, turned ew York re captoeel of — pothing bis iei toon having gone forward. fronr thie’ city alones: Menem bend bod nn Pa ‘Seourities aay oe ‘ easly. foes byt and that bidders at 163,05 get © portion of thet are 1 depreciating. e a ™m di ‘a lay, ely fotlower " ” Md al ation it not, howevet, measured DX the ‘vary. | francis nnd Tovveley testers 3 tha mt by Peed, Ouve | wide, Lit hot the whole. | A tetddFiam trom Wa2h Wig Qaviations Oh Gilereus Gaye Sh as wo | tiga of Madeie Wiw laid Of Gat Wey Poacwed te ligivla gives The By ebay TALS OL fay Biiwe ob