The New York Herald Newspaper, February 9, 1863, Page 2

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1860. @4 to increase our exportsy and. would have tinued to do so if there had been no in America, from the failure of the cotton supply. The exports to France, had the cottoa. exports been in proj other articles, as it would have been but for these untor- tunate events, would have amounted to some £10,000,000 sterling. pie ro amount to £13,500,000, against £9,000,000 in 186) an United states have necessva’ed an increase of exports from | England, any more than any one doubts in New York, 2 NEW YORK HERALD, MONDAY, FEBRUARY 9, 1863. - ous and so powerful that it would have been is te Fecagnize fem tn any other capacity but as persons entitled to bear arms; audit we had not done 60, and if their armed vessels found on the seas were > pirates, it must be obvious to every one that this would have been an unparalleled course of action. We were compelled to recognize the bel. ligerent rights of the South, but there bas been no desire on the parol the government to favor either the one side or the other. My earnest desire is to preserve strict neutrality; and, whatever may be my individual feciings— for we must have our sympathies on the one side or the other—whatever may be my leclings a8 @ member of Par- Hiament and the executive administration, I belicve it to be for the interest giand thal this newirality should be ob- served; and, therefore, making the interest of my country Paramount to all other consiierations, I should suppress any feclings of sympathy for one side or the other, aud endeayer to pursue 4 course of strint neutrality. ' (Ap: plause.) I have a return nere of vartous articles import ed andexported, which is rather pregoant, During the eleven months of last year upto the uoth cf Nov there were imported 18,084 tons of rags, against {ons in 1861, and the quautity of paper exported in the same Years iucreased from £527,000 to $411,000, which proves that the paper industry of England must be on the increas T find alse that the aggregate value of British exports in 1862, ag far as the returns are completed, amount to some £123,000 ,000 against £125,000,000 in 1861, and £136,000, 000 in 1860, ‘The quantities of the prineipal articles ex- ported in 1862 are, wigh scarcely an exception (besides cotton), in excess of the quantities exported in 1861. ‘The exports of cotton varns were 91,500,000 pounds in 1862, Against 17,000,000 pounds in 1861, and 197,000,000 pounds in 1860. The dec ared value will be about £6,000,000 in 1862 agaiust nearly £10,000,000 in 1861, and £9,600,000 in 1860. ‘These figures show « decrease of exports of cotton Of ninety four per cent upon 186%, and of one hundred and fifteen per cent upon 1860; and, as regards value, of sixty. four per cent upon 1861, and fifty-eight per ceat upon T mention this to show that the policy of commer- freedom pursued by the government bas tend- cial civil the Frouch treaty has gohe loss which arisen and thet to counterbalance the portion to the campaign in earnest. Tampico into exile. Puebia, which is only some sixty miles from Mexico, is reported to be taken; and the. French are awaiting at this point the reinforcements which, a8 we know, have ton persecution, and he has never seut people or prison for a harmless Joke, like ot military illustrations” of the slaves and a conservator scriber of the black race slave master in the Middle States, an (or in the South, is &@ contradiction’ which the smartest | Yankee could not w himself to be thought realiy capa- { @lready deapatohod. Whatever may be the resistance of » he kept his hands free from the pollu. | ble of suggesting 68 worthy of serious belief by his own | the Mexjcans, it cannot be supposed that they will suc- ; and he bas.won there a popularity people. With bis tougue im his cheek, then, and hia | ceed tn barring the way to their capital. They have, it | which so few of ti ould ay claim to. Indeed, on sthomb pointing over his ehoulder Kuropowards, Mr. Lin- | is rue, shown an obstinacy which was hardly expected, | mare than one occuwion he ‘ected with romarkabie tact coin vids his friends to understand that all he js doing is | @nd an obedionce to the government which neither Juarez | aud Cf age by refraining from constant intermed- only intended to befool the governments and bee peopie | nor any other Prosident was thought capable of enforcing. | dling wi Population from offensive ostentation, ho and the press of simple minded Europe. But their army cannot stand the ahook of French columns. | succeeded in liating to the mother country many Happily for the safety of the quiet mediocre members | Troops accustumed to warfare, both in Italy and Algeria, | Cubans who, until he ruled the island, were not unwilling of the world’s society, very remarkably clever peop'e | must soon overpower the weak and hasty levies which | 4 be detached from it. During his embassy in have always too high an ‘of their own cloveruess, | deiend the road to the capital. France is in possession Paris he was srenely liked by aif who had sny inter- and rate the folly and credulity of the mass at | tho seacoast, and can at uny time enforce a blockade course with him. In Spain be was engaged in the ‘pronunciamiontos that Bi fully. In ‘1843 he joined the rising against the Regeut, was appoint ed Minister when the fell, and got his promotion as Lieutenant General. in 1846 his influence at Madrid was 0 high as to cndanger the Ministry, at the head of which was the Duke of sotomayer. government attempted to remove him from rid, on pretence of giving him a command in the provinees, but the govera- ment fell in the attempt, and anew ministry, favored by him, was formed. This, again, gave Was and. Narvaez, more too high a point. A mun who thinks everybody | Complete than that which the tederals maintain against else in the sone & fool ts very likely re ies the seceded States. The expedition can have, tien, by finding himself thoroughly woll ‘appreciated. This | ®pparently but one end. The Freneh will occupy is the present case of the pseudo cmancipators of | the city of Mexic», the priucipal towns and hy or and the North. Archbishop Whately, in bis moderate | 4l! the public property; they will thus take into their owa ~ hands the wholo goverment of the republic: Bo far as great accuracy the impressions made upon the people of | military-occupation can effect it, mexico will have be- and by these coarse and obvious atompis to entrap | come a conquest of France, The letter to General : their sympathies. No one in Enyland beliews that the | is now made known toiirorm us how the Western Americans, who will not suffer a black man in me the power which the strength of his legions gives ‘and sensible letter to Mrs. Beecher Stowe, has stated with se Sates ‘actuated by any benewolen! feelings towards | him. whe sompahe saluess en, a8 called in, and Ser his race io O08 in England thinks that the citizons of Ibis letter, though six months old, represeatae ma- | T#10-appofated Gaptain General of Grenada. As the Atlantic cities, ers warring inorder to recover | tired policy of France, Jt was written not only after the | he opposed the various ministries that a e other till 1854. He shared the triumph and its pone: the Of 6lave labor, “are honestly desirous to extin- | Fuglish aud Spanish contingents bad been dissociated guish slavery, ae cee a ‘England ‘onagines that the | from the enterprise, but after the Emperor quences of the Vicalverists in that year, sup the Presidént, who has over and over again declared that ae ae pe toe aia royalist tendcs. platy Bonnel lene a we Suipiaoe a Pe ” . ~ it Ss is intryinen, an . his object is to restore-the Union, with slavery if he rymen, ie, tae. renames. she acoral 6 Absalon: AR be waa. had for gui ‘The exports to the United States in 1862 will ,600,000 in 1800. It is remarkable that, notwith- the Morrill tariff, the general requirements of the this c-untry in 1862. T think we have, therefore. a right to @ongratulite curselves upon the success of the commer. Ciul policy which the liberals supporied the government in carrying through Parliament the session before last: and it it had not been for this sound commercial policy tho distress under which the country now labors would Bave been materially increased. mado people discuss who are partic fero by the We have almost this American question an English one, and it with all the eagerness of ‘those in the conflict. I think that to inter- xpression of opinion to this extent would not be wise; and, for one, I should not go far in a werting to thé past. hai direction; but I don't feel myself precluded from re- Without undertaking to predict what will be the termination of the war, I will state what believe to have been the cause and origin, and what ‘is mecessary to be sitiled in order to secure a permanent and lasting peace (Hear, hear.) I have often beeu aston ished t» hear it asserted that slavery had nothing to do with this war, fur somehow slavery must have to do with it, because it constitutes such a great distinction in itself be tween the two communities. I have examined decu ments of undoubted authority to ascertain what were the cane: es lina declaration consisis of a: which the sece: nist States themselves alleged for taking up arms, in order to separate estof the Union, The first volins. When they firs fory ‘aration of the which fole Now. what ‘ore these grounds’ The {i Gality of secession: thai if they ti rght to secede: and the latter pait goes on by et: ints on which thoy think proper lo coerce tha! sore sion. These were that a geographical two has Yeon drawn across the Union, and ull the States norta® of line have united in the civction of a that an to the high oitice ‘of President of the United States whose opiuions aud pur ose are hostile to slavery, (Applause.) dt was not that Presiden! Lincoln,had been elvrted contrary to forms of law, th was that he held opinions hostil of have assumed a right to decide upon th domestic institution, and hay i vat there had Leen any vi ton of the constitution, but i il én slavery. In anoth this declaration they complain that the No ght of property cay, wishout slavery if he must, desires emancipation | people to French tutelage had become for itself. No one in England is dupe enough to | It may, then, be fairly supposed to contain the present credit that Mr. Seward, who has told his friends | opiuious of Emperor on the great transmarine enterprise that if it would help to restore the Union he | of his reign; and we have nv doubt that his generals will would force Massachusetts to become a glave State, | act strictly m ccordance with it. The designs of the in- bas any horror of slavery. No one doubts in | vadors and their plan of action as it will be unfolded during the next few months are, therefore, before us, But wheu this conquest bag been achieved the turn the able admis comes, and that he will have full ‘part to the moré important post of Captain General of New @astile, which plioed Madrid in his hands; and when the moment camo for ‘ing a choice between and Pal gery tyler sprint sided with the lnasarr Siti suc- cons coup d’edat against Espartero was pretty certain from fro ning, and O'Donnel! showed bis gratitude to his friend by raising him to the rank of Field Marshal (Captain General of army) and giving him the Paris embassy. When O'Donnell himself feil, in 1857, Serrano was recalled. He resumed his place in tho Senate, where he o} Narvaez, the new Premier, who never had a chance of maintaining himself, until Narvaez once more fell, and O'Donnell was once inore named to tho post, which he has filled to the present day. Serrano was s00n after sent ag Captain General to Cuba, from which he has now returned with @ erendenehly and the title of Duke de la Torre, and the first news that grects him on landing is that he is named Minister of Foreign Affairs, He may yet be Premier, in place of O’Donnelt. that if the South would to-morrow send a flag of truce to Washington, and offer to come back upon torms of the ini A re establishment of slavery in all its plenitude, and under | scope for exercising all his ingenuity must be aliowed, the condition that the agitation of anti-slavery doctrines | when we retiect that his task 18 to obtain the sanction of should be a penal offence al over the Union, the proposi- | the whole Mexican peuple for « form of government pro- tion would be received with universal rejoicings. The | posed to them by a conquering enemy and ja party great mind of England is deeply impressed with the con- | anong themselves which has joined him. re is @ viction of the truth of all this; and therefore it is that, | plainness that is almost amusing in the Emperor's direo- hating slavery, but being all unmoved by the stage tricks | tions in reapect to the latter, ‘The principal ns of of Mr. Lincoln and his friends in this matter, we look | all political shades who have embi our cause” are to upon the American contest as a purely political quarrel, | be formed into @ provisional government, and this gov- and tacitly hold our opinion that, as the cause of Italy } ernment “will submit to the Mexican people the question against Austria is the cause of freedom, ae also the cause | of the political rezime which is to be definitely estab- of the South gallantly defending itself against the cruel | lished.’ Kar be itfrom us to say that the most complete and desglating invasion of the North is the cause of free- | frecdom of choice will not be given to the Mexicans, but, dom. with @ Frouch army in the city,and a French party * ® * These persons, calling themselves “the | wielding the unbotinded powers of a provisional govern- Executive Committee of the Emancipation Society,’”? wont | ment, the courage which can organize an opposition on Friday last to Mr. Adams, the Aiuerican Minister, and | must be rather more than Mexicans are usualy presented him with adulsume address, wherein they ex- | supposed to possess. Nor does the Emperor leave press equal gratitude to Mr. Linco’n both for liberating | us in doubt of the direction which he wishes uni those slaves who are in the States beyond his control, | versal suffrage to take. To rostore @ monarchy on that and tor keeping.those in slavery who are in the States | republican ground, to plant a Latin throne as a barricr to within his control; and they “invoke for these acts of | the ambitious Angly-Saxon democrats of the North, is his freedonr, justice and mercy the considerate judggment of | great scheme. ‘If the Mexicans prefer ® monarchy, it is mavkind and the gracious favor of Almighty God.” | for the interest of France to support them iu that path.” Mr. Adams had probably come fresh from reading the | Such is his announcement, and nothing is moro likely new volume of Congressional papers, wherein is printed | thin that when the French General issues his Conge 4 serious diplomatic correspondence upon the propriety | d’Elire he will be ready with some young prince recom- of selling black men taken as plunder to the Brazils, and | mended by his Majesty as a more fitting ruler than a half thus providing for some of the expenses of the war. He | caste President. must have laughed heartily within himself 6 sce the | But it is in his reference (o another nation that the frank- few woodcocks who had been caught in his springes | ness and boidness of Napoleon are most conspicuous. The brought before him. He listened with proper patience to | Emperor addresses General Forey in language which the twaddling tatk of the geatlemen who had come to jay eg cary tem a 4 less excitable people than that of e Uni Laat Marriage of Marshal Canrobert. Marshal Caurobert was married on the 20th of January to Miss McDonnell, at the British Embussy in Paris, and also at the chapel of the Senate. Ali the French marshals tow in Paris were present at the ceremony. Obituary. ‘The death is recorded of M. Axvavane, the former com- pauivn in captivity of Silvio Pellico, at Spielberg. HORACE VERNET’S FUNERAL. (Paris (Jan. 20) correspondence of the London Times.) ‘the funeral of Horace Vernet took place yesterday, aud though the custom of sending round invitations was not observed, x consideratile number of the members of the Institute and the Academy of Fine Arts were presout. Six persons only had been requested by tho deceased to ac- company his remains to their last resting place. Among these were Marshal Vaillant, General Lowenstein, and Ma. Lenvir and Yvert, Horace Vernot bad expressed his curncet desire that no decorations of any kind should ap- their silliness at bis fect, and he responded If the federals are too much ap. | pear on the catafalque, that no speech should be delivered in a speech composed of the safest ,cnerali- | sorbed in the imagination of British perfidy and malice, | Over his grave, aud that no bigh tunctionary should be ties. But what Mr. Adams said, or what aoy one | they will protatly show their resentment at the Emperor's | his pallbearer. The two young sons of the late Paut Dela else said, is nothing to our present purpose. We L (0 limit their power, Passing beyond the bounds | roche, Vernet’s son-in-law, were the chie( moarners. ‘The Emporor sent one of bis Chamberlains to attend the fune- only desire to pomt out to foreigners a fuct which : ral. is perfectly understood here by every one who reads the report. The character of this exhuition is the strongest possible negative proof of the opinion of the English public an this business. If this vation had reaily beiieved that Mr. Lincoln was laboring tor “freedom, justice and mercy ,’’ and not for conquest, oppression and massacre, Of military instruction, he gives to the Genoral an explana. tio of his motives for embarking on a costly and tedious enterprise. Ho says that there are people who will ask why France should expend men and moucy to found a regular government in Moxico; and hig answer to such inquirers is that “We have an interest in the repub- lic of the United States being powerful and prosperous, Commercial Intelligence. THE LONDON MONEY MARKET. {From the Londou Times (City Articie), Jan. 22. During the earlier hours of ‘business the ‘English were firm to-day (21st) at the slightly improved prices of ‘wods ny established in fifteen Stat wed by ail the chivalry of the old stave trade agitation would | but not that she should take possession of the whole constitution; they have eee tho | have led this movement, In person, or in their descend- | Gulf of Mexico, thence command the Antilles, as well | yesterday; but there was ultimately a tendency to reac. institution ‘of slavery, further asts, the Broughams, the Wilberforces, the Romillys, the | as South America and be the only dispenser ot the pro- , consequent on an idea that the Bank of France may vated the curse by investing a grew Chick the Buxtons, and the bearers of a hundred | ducts of the New World.” To avert the domination of a | resolve on @ fresh advance to six per cent in their rate of question with the sanction of an erro Other names committed ‘to that great cause, would have | single race is (he avowed design of the French Emperor, and | discount to-morrow, and thas necessitate aucther step on beliel, therefore there ts an end to th: Southern. States did mot secede on the «pu very. al ul three beid opinions favorable to ion They have stated that it was on uc vory, and nothing else. In fact, out of th jemen who were nominated to the oilice Oi i'reewdint, tho policy of the Fugitive Slave law; but Mr. Lincoln was distinguished from the rest by holding that Congress had States, and was opposed to the policy of the Blave law. These were the opinions on which he was | back. ‘beso gentlemen have not been so right to prohibit the extension of slavery 1uto new ive elected, and 1 must confess they appear to me to be very reasonable opinions. in us of the I mitted. (Loud cheers.) The South seceded ce of believing that slavery would not be safe nder Mr. Lincoln's executive, and that the carrying out itive Slave law ‘was not likely to be per: Mr. Breckinridge hud been elected, there would have been mo secession, as he was the can didate of the South, in favor of the Fugitive Slave law, and of opinion that Congress had no right to prohibit the extension of slavery. Secession had taken place, and the consequent war for the purpose of perpe- tuating, cherishing and extending slavery. I don't believe that an empire having slavery as its basis can be a pros- porous, happy and enduring empire, and therefore cannot | known in ancient warfare. In certain circumstances the | and for repeating a rumor that the Italian Minister in desire to see one established bishops inany part of the world, The of the Episcopal church of tbe Confederate States bave said that the abolition of slavery is hateful, infidel and pestilent. A voice—That's like parsons.” (Laugh. ter.) I, on the contrary, believe that slavery is hateful, infi- det and pestilent. 1 will not predict the course which the events of tns war may take; but looking at the map, whioh I did to-day, it appears to me that the geographical position of strom the North, so far as territory is concerned, is thu. was twelve months ago. They bave suifer: ger 4 great defeats, and they have had some successes; Dut I find that the North are now possessed of larger territory than they were twelve mouths ago. Missouri, which was thon debateable ground, they now possess; also Kentucky and West Virginia, and a portion of iouts- North possessed at jaua. It therefore appears that the territory which the beginning of last year has not bean lessened but increased in extent. These are tacts which all may ascertain for themselves. The right honorable gen- ¢loman then stated that our policy must be strictly neu tral, that the proposal from Franc" for mediation had been respectfully declined, that he should rejoice to see the war terminated, but that he thought we should abstain from it give our interfering until the time came when wwe might Le asked to offices. If we were invited by the propar parties to take part in any negotiations for peace then we might do undertook $0; but if we that qffice without beng asked, and before the proper time, it would not tend to the promotion of eur amicable relations with Awerica. After a few other concluding observations the right onorable geutioman resumed h's seat amid loud cheers. The Duke of Argyle on American Slavery. Scotland, held at Edinburg on Tuesda {From the London Tim At che annual meeting of the Nati Jan. £2.) al Bible Society of the Duke of Ar- gylo presided, and made a lengthy speech on the subject of Bible circulation and interpret an offshoot of the Church of Englaud organization in that country. tion. The Duke said-—The Episcopal Church in America is It is a very large it isa very flourishing church ; it embraces a large proportion of tlie population, especially in the Southern States That branch of the Episcopal Chureh ux» had an ecclesiastical meeting in re lation wo the religious questions that are being agitated there, and included in its ecclesiastical synods, on the rian principle, a represeatation of the laity. drossed ates, Tesbyte- They ad- thomseives to the question of slavery as it has existed in the Southern States of America, ‘Lam happy to say, and Tam glid to acknowledge, that they recom mend some ameliration in the eondition of the slave. It included all the bishops of the sia Thoy bave at last discovered—this great Christian church, with its paraphernalia of bishops, priests and which have denied to the uegro deacons—not, I think, before the time—that the laws We religious instrnc- tion and the blessings of domestic life are not laws which ean bo defended out of the Word of God. (Applause ) They have discovered that, I say, rather slowly as a eburch. It had been discovered long before by individual Se perhaps by individual philanthropists who were not Christians. Iam glad, however, that they have discovered it at last, although It is under suspicious cir cumstances—of outward pressure. It is not that, how ever, to which 1 wish to direct your attention. This assembly of an iniportant church goes on to declare, Bot that negro slavery is an evil of which it is difficult to get rid—for in that I could hoartily sympathize with them—but that negro slavery is s system on which they ‘are to plant their national life Nor is that all. They go on to that the opinion which seeks for an ultimate abolition of slavery is not only a hateful opinion, but an infidel opinion. Now, that is the deliborate verdict of a Christian church, with ali the advantages of know of light derived from the Bible, and of what i Ai the part of the Hank of England, which ctherwise would not be immediately anticipated. ‘Tue only quotations of cousols throughout ‘the day were 924; a 4; (or moncy, and 92% a % for the account, although after regular hours trangections could not have been eected exo at a fractional dectine. Kank stock closed at 235 a 237— a reduction of one per cent. New three per cents and reduced were in demand for investment, and are at 925 @ %—in improvement of an eighth. Lhe general demand for discount was not heavy to-day, and the applications at the Bapk were moderate. In the hauge the rate for short loans is 2; per eent. market for foreign securities was rather strong in the morning, but ultimately, in nearly every cave, a re- lapse was exhibited. ‘rhere were no gold withdrawals from the Bank to-day. The Yorkshire bus arrived trom Australia with £303 636 in gold. ‘This amount will for the moment meet the Con- tinental demand, and if thearrials from America by the neat few steamers should prove larye,as will probably be the case, the drain from the Bank of England may at vast for @ week or two be sus] The last price mi Paris this evening (2lst) was 701. Sc., showing a recovery of an cighth. AMERICAN SECURITIES AND Maryland 6 per cent. United States 5 per Virginia 5 per cent. Lio., 6 per cent... been in Mr. Adams’ drawing room. The absence of these | were the Mexican expedition no otherwise remurkablo it names shows what @ sheer imposture the thing was, | would have aclaim to be remembered as the first serious With basy Yankee agents in London, well adap with | attempt of Europe to resist the advances of the American de- the means for “organization,” nothing better could be | mocracy and establish a balance of poner on the Western con- managed than the collection of half a dozen nobodios, no | tin nt. Six months ago the chances of the whole country one ot whom ig sufficiently known, or sufficiently and | from tho Guif to the St. Lawrence being possessed by @ favorably known, to the English pubiic to influence the | single republic were, perhaps, greater than they are now, vpinion of any sane Englishman on any matter of political | but in interpreting Napoleon’s ideas we must remember momeént. Mr. Bright has beev honest onough to confess | that from his point ot view federal and Confederate are all that he speaks for himself alone, snd has no party athis | one. The ambition of Anglo-Sazons, however *dividel onest, and | among themselv', must be fa‘al to the Mextcans unless these therefore it beboves us to do this office for them. can be brought under a stable and respected government. “To restore to the Latin race on the other oide of the Atlantic all its strength and prestige; “ to give security to our West india colonies and those ‘of Spain,’ and‘ to establish our friendly influence in the centre of America,” are objects equally attractive to France, whether her rival be the restored Union, or the not less warlike and ambitious confederacy of Presid:nt Davis. 4A FRENCH PAPER WARNED FOR CALUMNIOUS ALLE- GATIONS RESPECTING THE WAR. (Paris (Jan. 21) correspondence of the London Times } Another paper. Journal de la Cote-d’Or—has been visted with a warning for an article on Mexican affairs, The Loss of the Monitor. (From the London Timos, Jan. 24.) * © © D~oes Europe gain an experience in tho loss of this first of the ironclad wargnonsters? It is evident sho sank from the weight of hor iron plating. It made her in- vulnerable in her fight with the Merrimac, but caused her Joss when disabled in the open ocean. Tho seas that washed over her deck found their way dowa her iunnel; she was goon waterlogged and sauk. Jn this case the newest application of the oldest expedient «f defence jas produced something like a repetition of a cisaster well weightgf his armor was fatal to the horseman who could | Paris had mado a journey to Turin. No specific charge is defy sword and spear. The iron batteries that can fight | stated; there is only the general allegdtion that the arth. in smooth water without risk are in immiuent peril at | cle contains, on the events in Mexico, “ calumnious alle- sea, even with no enemy but the wind and waves. The | gations, having for thoir object to throw discredit on the | atlantic and Great Wester first two vessels of the class have both perished, and | government.’? sy Ist mortgage, 1880, 7 per cent... a 7 both ingloriously. The Merrimac was destroyed [From the London News, Jan. 21.) Do, Pennsyivauia, 1877, 7 per cer 10% a 71% purposely, to escape capture. The Monitor has dis- * “* Such is the latest manifesto before which } Bric sbi $100 (all paid). a 47 appeared in a sea that would not have been tatal to@ | the Old World and tho New are invited to bow down in 57 per cent preference . & 68 vessel leas formidable. Yot both did romarkuble service | silent homage and wonder. We are inclined to believe a 83 in @ great war, and have left their names in one of the | that they will do poe of the sort. But if France is a 8 most important chapters in naval history. The lossof | not prepared to waste ail her strength and prestige in 3d mortgage, 7 per cent,’ 1383 . a 75 the Monitor has excited enough attention to occasion an | propagating Napoleonic ideas beyond the Atlantic, we 4th mortgage, T per cent ail official inquiry into the cause of the disaster; and, as some | would respectfully urge the independent Opposition of Do.; Sth mortgnge, 7 per cent a 70 of the crew escaped, it may be possible to ascertain | Five to draw up a postscript, in the form of an amend- | {ilinois Contral 6 per cont, redecmed i876... 78 a 40 whether any negiect contributed to it. But in the‘ac- | ment, to this letter of the Emperor to Gen. Forey. Do.,6 per cont, 1875 a count of the wreck as it stands, there seems nothing in- Do. *'$100 shai 3 ($90 paid), dis 40 a 393, expiicable. She was not buoyadt enough to live in asea Sameheon* Do. Soo shares sar vaid).. 64 a 55 not excessively high, but such as may be expected on sny apeloen’s Relaterermente. Michigan Central, conv., 1800,8 percent... 77 a 80 coast at an¥ season of the year. We were taught one most | HOW FIYE HUNDRED NEGROES WERE KIDNAPPED AND Do., sinking (und, 8 p. c. Ast mortga, 8278 @ BZ valuatle lesson by the Montior, and we must accept the TRANSPORTED TO MEXICO. Michigan nak Northern iediaee tok evidence of defects as well as the proofs of advantages. | {Alexandria (Jan, 8) Correspondence of London Times.) | ™\ciigan rougarn © Norte In the last American intoliigeuce there are items enon sh | The Independance of the 28th ult.,and,I believe, Ja | jie Blob sharon : : showing political, military and financial difficulties of no | Hrance and one of two other French papers, received here | Now ¥. ork Contral 6 p. ¢. sinking fund, *$3. . ordinary magnitude; yet we doubt if any of them will at- | two days xgo, contained a statemont that the Viceroy of | jy, per cent, 1864 vd A 0 tract as much notice as the loss of the Monitor. Haypt at screed to supply the French government with T per cont, siauking fund, i816..... 75 @ noe a regiment of one negroes to serve with zhe 7 per cent convertible bouds, 1876... 75 a ‘The Cotton Crop at the Sout! wuch army in Mexico. The men, it was added, would | po,’ $100 share rave : : embarked on board the government transport La 1030S + seine, which arrived here a short time ago with troops REPORTS OF THE BRITISH CONSULS Ar CMS Panama Railroad, Ist mort. ,7 pe AND SAVANNAH ON THE STOCK ON MAND—THE | for Cochin China, and would bo conveyed direct from Ale | pee’ 24 morte’ ntact RENELS MANUFACTURING COTTON AND GROWING | exandria to their destination iu america, ‘ ne = vad bonds, aye MORE BREADSTUFS, ETC. Noihing whalever had heen heard in this country on the | tye ot inortgus, 6 por oe {From the London Times, Jan. 22. subject, and we are not accustomed to seo a State secret so Do. $50 ria sae The following despatches from the Pritish Consuls at | strictly kept that a whisper of it doesnot get abroad. The | privadciohia and lieudiag’ HIG, $50 sh S sun Charleston and Savannah, on the subject of the cotton | thing seemed, moreover, tuo extraordinary to be believed. . ee, ee crop of 1862, have been received at the Foreign Otfice:-— Bat we have had no t o enter into any discus LIVERPOOL COTTON MARKET. CONSUL NUNCI'S REPORT. sion ou the subject. The Seine has actually sailed srom Livenroor, Jan. 21, 1863. The cotton market continues dull, and this day's Brrusit CONSULATE, CHARLESTON, Nov. 24, 1862. transaction do not exceed 4,000 bales—one-half on specu Alexandria with some four o7 five hundred of tne Vicaroy’s My Lorp—With reference to my despatch No. 104, of negrosoldiers. The men bad been brought down from the 13th August last, in which I had the honor to submit | Cato in the usval manner, little suspecting what was go. | lation and for export. Prices are \d.a sd. per Ib. to your lorfship certain information on the subject of the | ing to betallthem Late last night a body of police was | lower than last Friday's quotations. cotton then existing in the Southern States of America, I | sent down to the harbor, where they seize ali the boat- 7 IF . . beg leave to state that I haye taken some pains, now that | men they could iay their hands upon and despatched them | L¥#POOk mamma; Omg Senne’. the crop of 1862 1s gathered, to ascertain whether any alte- | to Meks,@ pirce at the cn Breadstails quiet and steady. Corn firm, Provisions ration is to be made in the estimate upon which my des- patch was based. [ find, atter careful injuiry, (hata quarter of a million bales may be added to the amount sup- | quarries. The Seine meanwhile bad got up steam and posed to be on hand. It may, therefore, be roughiy cal- | was lying olf the same spot. With the assistance of the culated that there remain in these States 4,260,000 bales | boatinen, the operation of embarking the unfortunate emi of uplund cotton, which could be exporied in the event of the | grants was som performed. Karly this ning all was port s being opened to trade. over, and 80 well bad the thing been managed that the I beg leave to repeat that the “long” er “Sea Island’’ | Seine was miles away out at sea long before there was cotton does not enter into my estimate, for the reason | evena suspicion in town of what baa happened, given in my despatch No. 104. I need hardly say that the event hus produced conside It should be always borne in mind that the irrey siarity, | rable itement. Has this, it is asked, been done with and, in some instances, total suppression, of communica the consent of the Sultan, and if so, bew will the Porto tion between portions of the Sothern States render all | secount for so flagrant a breach of its neutrality ia the cotton calculations somewhat arbitrary. R.UUNCH. | war betwoon Franoe and Mexico? Or if uot, what, ex ” . 1, plapation will the roy be able to offery He may pos. GONSLT MOLYNKUX'S REPORT. 4. | ibly answer that the men aro not caliled w be priv My Lono—As at ti is period of the year'a tolerably oor- | 108¢ of being regarded as subjects of the Sultan, that they bave been kidnapped or bougut beyon’ the frontiers of reot estimate may be formed of the quantity of cotton | thy empire, and that, although destived wo be formed produced the last season in the Southern States, I beg to | jhe embire, Had tial, Bltienge eel a submit to your lordship, for the information of her Ma. | ints troops, grey? ey thea Hs 10 5 cording to all Mussulman law, at the absolute disposal of jeaty’s government, the result of my inquiries respecting their master. But such an ar, it would be weak in this important question, and to report more particularly | {h’", ts inn ene, anal arg herd on the production tn the State of Georgia. ore respect one, open to manifest . objection, We have heard a great deal about + voluntar; In former years Georgia, was the chief cotton produc | rectuita’” to another great undertaking, at ® place vay three iniies beyond the terminas of the railway, and whore the Isthmus of Suez Canai Company has opened its | °8*Y* THE LONDON PRODUCE MARKET. Loxvow, Jan, 21, 1863. Sv@ar.—The market continues dull, ‘aud of 369 hhds. Portn Kico at avetion only about half sold; low to good pale yellow , 568. a 41s.; bright Frovery, 418. a 438., and about one third of 2,460 boxes Havana, low to tine paie yellow, 36s. a 41s.; middling to fine strong retiming, 386 8 42s.;"good bright grocery, 398. 6d., and florettes (duty 16s.), 428. a 438. 6d.; 1433 bags Mauritius sold at a decline of 6d. per cwt.; ‘middling to good crystnlized, 308. a 41s. 6d., and fine (duty ifs.) 43s, a 445. 6d. per cwt. Of Weat India, 400 bhds, had been disposed and privately 2,800 bags brown Mauritius at 298, per owt. CorrRe.—At anction today 220 casks 170 barrels and bags plantation and 120 casks 30 bags uative Ceylon sold at tally yesterday's prices. 1,235 packages Mocha were thiotly disposed Of at 908, a 938. 6d.,and a fow lots Mala. bar at 76s, 6d. per owt. ‘Tra Saces.—second Day—The sales were resumed this merping, when 10,716 packages passed, of which 3,727 were sold, 2,214 being “without reserve.” The sales ‘went off steadily, and show no materia change in prices. Several parcels of Canton young bysons sold ata ing State of the Union, but, as the cultivation of the plant " 1d. als. joet of the scented teas offered were became more extended, Mississippi and Alabama, from Spach necres Aleeenee ie) Sot chs romance it ie surely ene in, dos break of Feo Gnew sounted apes Fealiging the rich quality of thoir lands, gradually surpassed her; —_ plea should be at- | 1, 1144.'a 2s. per Ib. Some Amoy congou and souch: Mississippi now holding the first rank, and Alabama the a that the rea were sold at 18. 2)¢4. to 18. 3a.,and Is. 434d. als. 4d. second. a ee eee ia Merion for wai orm the | pir Ib. The asics will be contigued to-morrow. ‘According to reports made to the on » for which Bur: ‘Rick.—About 1,600 bags Bengal bave changed Man: rough ‘opeans Her General of | have beeu. found altogether undtled, and ‘whieh, °K i Comptroli it this State by the (az collectors, tho amount of land plan! Ballam, «nd and Jig. 9d. for middling old and 88. 94. for good ‘should call @ liberal orgavization, upon that which is asserted, the negroes, being inured to the effects of * Frost crime, the great curse of theit country ood of thelr ‘000° dibout 200,000 wcrer, | a tropical climato, will be able to undertake wih impu- | #200 bags Hasggin ot 108. por owt, bed, Dengat Cimo, and tho efficient cause of all the calamitios which 17 Uke production is 700,000 bales,re- | BitY.. But no person, of course, expects that a single | aia79, a 37s. Od. for 5% 104% per cont tion. are now afflicting it. (Applause) | really believo that 008 acres, 1 am ‘Of course, | 2¢ Of these unfortunate creatures will ever retarn to ey SET hy ta tt would be ~-) poe Ba ay evil accurately ng the crope of ome sive an account of his experience in the New | nar found ‘buyers om rather easier terms. Common to i jnformat! command Coming from any Christian ebereb. cat tormenber Sins the entire clvp gathered the native inhabitants of the town tho news has | ""% 420 108-5 S90, ore vat ig firm to-day; 440. 9d. is ier tee grin bee aren TE ec, 0 le, proving tbe | Erol can eramerne cr us neck teeta | pon the oe an fo Yount) Yo March ibe to Bd, i are wi imate ited to : and the for tire aurea a iy oh pt, No. 18, of Ho ou of ay | Song enteral ate erhas homsanity and natural justice are views Walch are 1001 was catimatod at 4,500,000 bales. De. | sito be looked upma se proof againat pestilential fevers and founded, although they, Kaow It sot, oa the em 861 and 1862 ‘the Em 4 SL. AE which christlaalty haa laid down, on ‘tne eb Mosheds, the amount deavopel to beiteved, that some of the townspeople had boon christianity bag made Eaown, and on Ue which ‘and the quantity used for | Mmproseed and scat off; but the report, ! believe, ie with- moat Huss ofan sre theese pen No have of we tally £06 000 hep “i e yond it. opiaion 500 tae the Bible, unless they go to it for their ows Ny he thats tot tore than The Cabinet of Spain, peers ect ‘and is Girmer in price. Beans Se eee w for the cultwation of | MARSHAL SERRANO, LATE CAPTAIN GENERAL OF | and’ steady. Osta are’ more saleable, aod firm at doubt the divine institution of negro slavery, wi ite caput of Kootucry tad GUBA, MINISTER OF FORRION AFFAIRS. Monlay’s currency. c social iajustice ead iniquity, is aB infidel opinion to the Virginia, Tennessee and Paris (Jan. 21) correspondence of London Times.) viow of & great Christian ehareb? strong Popular appt. sbirehal Serrano, it appears, has accepted the post of x wil of inister of Affairs, #0 that the Madrid Mr, Lincotn’s Allies im Exeter Hall. ‘the entire wast of bag. | now completed. How long it will cor is another FINANCIAL AND COMMERCIAL, BAITISH PHOTOGRAPH OF TUR BRITISH ABOLITIONISTS put the cotten into morchanta- jon; but O'Donnell is still the life and soul of it, One * Sosa, oy fo dma Awe hon “as | Sedira ties esrrasnst the sve aon a Seana, Hv. 6, te , , @x-comman e os fa vances into the in. San Busttilo is said to be a good omer. i ‘Tle importation of foreign merchandise at this som! hie riotous and exuberant press, ha clumsy confusion, changing as their leader ed, from Attitude to attitude, from grimace to grimace, never being ‘any moment natural or trae, but always being con. sistent in a certain uniformity of contortion, Moat of ieee Se nen RY acosesory, and at this , with @ rather reluctant oogro, each ‘conser: * however, having his tongue thrust in hie cheek, ono of is Chumbe pointed eastwards over Lie shoulder, and a Qu ger of his other baud apon his lige, Ab the actors aro -™ growing States, the cultivation of that | has been merely shifted fr wand hen 4 Viga-Urmigo ly om the Depart- uma * ) to the Interior port exclusive of dry goods, for the week ending the mountainous districts, where »readstuffs alone can be | Paster-Dina is an Giaibead) be wee et the Foreign Office | yestirday was $2,041,379, to which add imports of raised. B. MOLYNEUX. in 1856, while O'Donnell was'coneocting his pian for over- | dry foods invoiced at $1,376,891, and the aggre. throw®g bie unsuspecting chief, Espartero, Lagen is, oF was liberal of the well. meaning and ew hovest San Miguel and Calatrava choo! had been Ministét under Fepartero, The Bnglish bondholders will bave heard with a cold shiver that the repodiating Salaverria is kept at the head of the Fimance Department. <‘Deny that Towe you fifty crowns,” exclaims Figaro, with vir tion to the scevtical Barthole, «I had gateimports of the week will foot up $3,418,270, Agabst this we exported $3,361,973 of doméstic prodce and merchandise, and $916,755 of specie, amowting together to $4,298,728. The trade of the wek thus leaves a substantial balance in favor ot Us gert. The prosperity croated by the war London Times, Jan, 20.) tore A bt net tant manifestoes of the present mong the moat impor! 0 Trouch ruler tuvat assuredly be reckoued the letter w ome rot the. carneat each other nothing but “ Bun- See Fore, commander-in-chief of the expedition 49 | money all my lifo than one stugic instant.” Sale —ras Olay cena weaia og in his own | Mexico, which we published yesterday. Seldom hasan | verria goes a step fusthor; he donies it attogether. estimation if he thought his weighbors could tmagine that | extraordina, y puree een avowed unith greater boldness. | ‘Ihe now Minister of Affairs, says the ingena- he was @ real emaucipator tor emancipation’s sake, | We cannot but foel that we now learn the true reasons of | ous Patric, is one of the purest mulitary Ill ot or tnat he had amy other in view to fee snpen is geltoy, ant he vers meme eee et ‘Spain. Hts entire career has been to the devastaie the South by strong acts and to cajole | be carriod out. starting frankness ts again the chief | defence of the Crown, and has beon marked ——~ the fools of Kurope by fine ; Mr. Cassius | weapm of Napoleon's diplomacy. His great uncle did not | proofs of devotion to the liberal cause. the Clay, or any of his shrewd companions in | more thoroughly revolutionize the oF eee ween'be guid that Marshal Serrano hud beon one of the these gesticulating orgies, would be enraged ii any one of | crushed pedantic tacticlans by hurling bis w! army at | most lucky of all Spanish generals, pust or present, it his own friends thought be could be seriously so-silly as | oe vulnerable point than the proseut’ Emperor hag | would be more juteligible, Serrano has cortainl; to be sincere. To be a philantropist at all would proba.“ the art of princely . ‘Mis let | some qi that several of bis brother | bly not‘be, 1 his opinion, very creditable to the shrewd- | fer ts evdenly written for the world t read. | of the came standing cannot bout. He bas never, | ness of the compatriot of & matter-of-fact people, whose dated six montha ago, it is only | @o far a@ I have heard, been cruel or fucts are for the most part fictions; but to protess a phi. | now that its publication is opportune, for not | of human life; and he hag not shown himself a ruth- lanthropy which can never ‘except as an agency | until now has the French army been strong enough to ad- | less tyrant whon ho had the power. Ihave aever heard of Uoodshed, be @ Wi vance upon Mexico. By the last advices they had begun | his name associaiod in acts of great oppression and wan- reasoh to believe that, notwithstanding the extrava- gance of army contractors, &c., the high price of exchange will eventually produce its natural re- galt in the reduction of our fmportations. The manufacturing interest is growing rich by the war. No protective tariff ever afforded so much protec- tion to domestic industry as is secured by the present high price of gold and exchange. If, with bills at 173, our manufacturers cannot continue to drive foreigners out of the market, it will be idle hereafter to argue that protection is needed for the development of native industry. Money is now abundant enough to enable every really Promising field of enterprise to be thor hly worked. If a year hence we are atill forced to rely upon Europe for any description of manufac- tured goods, it may be held as demonstrated that protection is not what is required for the full suc- cess of American manufactures. Money was active last week, though less so at the close than at the commencement of the week. Some of the private bankers, who deal in monoy and stocks, continued their efforts in the early part of the week to cause a stringency in the money market, with a view of getting higher rates for their logns, and buying stocks at lower prices. No more important result flowed from the demon- stration than the slaughter of some weak opera- torsin stocks. Latterly,a number of merchants and moneyed men have got into the habit of de- positing their balance with established stock com- mission houses at the market rate of interest, and onample margin. This system, which prevails extensively in Europe, tends to emancipate the brokers from the control of the private bankers of Well street, and, on the other hand, enables mer- chants and moneyed men to earnSa6a7 per cent, as the case may be, upon their balance over night. At the close of bank hours yester- day money was freely offered at six per cent on call. First class commercial paper sold at 5% a 6% per cent. Government certificates of indebtedness were a shade better, aud were wanted at 94 per cent. Attempts are being made by bankers to kecp up the price of money by spreading state- ments to the effect that the new interest bearing Treasury notes will act as absorbents, and will draw the deposits from the banks, But people are not likely to be long deluded by such shallow theories. Neither the banks nor the depositors in bank are ina position to absorb Treasury notes until they are supplied with more legal tender notes than they have at present. the Bank Department shows that all the banks and all the people in this State could not now take and pay for more than $20,000,000 of the $400,000,000 Treasury notes which it is proposed to issue. the notes are made a legal tender—as proposed by the Senate—they will be eagerly accepted by the people, and will circulate freely as money until they come to bear a consi- derable amount of interest. If they are merely exchangeable for legal tenders—as proposed by the House—the first which are issued will be rapid- ly exchanged by the banks, for the sake of in- creasing their supply of legal tender money to meet depositors’ checks. Eventually they may be used by country and savings banks as an in- vestment. But at present there is no loose money here secking investment, which, in the present condition of the currency, and with the present prospects of the country, is likely to flow in that direction, The protended Secretary of the so- called Confederate States tried the effect of inte- rest bearing Treasury notes some months ago. According to the financial statement of the rebel Treasury Department—published in the HeraLp a° few days ago—it would appgar that quite a large amount of these interest bearing notes have been floated at the South, But they did not have the effect of making money dear at Richmond, or of checking the in- flatign which has quadrupled the currency price of all kinds of property in the rebellious States. They circulate as money, and, though some are hoarded as the period approaches for the payment of interest on them, they really operate rather to aggravate than to check the deprecia- tion of the rebel currency. They are in fact, there as here, nothing more and nothing less than paper and, under all circumstances, paper money must depreciate, and the current rate of interest must decline, in the ratio of its issues. Gold was less active last week than during the week previous. After selling at 160 it fell to 156, and closed yesterday at about 156%. Exchange sold at one time as high as 177, but closed yes- terday at about 173. The expediency of taxing speculation in gold is being actively discussed, both at Washington and at Albany. Sound opinion in Wall street is settled on the point that it is inex- pedient to attempt to check the advance in gold by legislative enactment. It is believed, in the lirst place, that no law that could be devised would achieve the desired result, because it would be in violation of the supreme law of trade which de- clares that issues of paper moncy inust cause gold to appreciate ; and, secondly, that any legislative restriction upon the freedom of trade in gold would alarm the community at large and rather increase than diminish hoarding. At the same time, when the country needs revenue trom every source, and every honest trade is taxed to its utmost capacity, we see no reason why the gold speculators should not contribute a portion of their gains tothe na- tional exchequer. A tax of one-eighth of one per cent on all sales and purchases of gold made at either of the stock boards, or at auction, or at a broker’s office, would not operate to prohibit deal- ings in gold, and at the same time would yield a considerable revenue. The act should pronounce all contracts void unless the tax were paid. This is about as far as sound discretion would justify legislative interference with tho trade in gold. The Senate will probably take action to-morrow or next day upon the amended financial bill which was reported on Friday by Mr. Fessenden, from the Finance Committee. We learn that the House committee, keenly conscious of the value of time, have already opened informal negotiations with the Senate committee, with a view to obviate the necessity of @ formal conference, which would necessarily involve delay, and that the representa- tives of the House express their willingness to yield to the Senate in the matter of the “pet banks,”’ the amount of bonds and their length, and the provision rendering the Treasury notes a legal tender, provided the Senate will yield to the House on the proposed issue of $300,000,000 more legal tender notes. It is argued by the House ma- Dagers that the first duty of Congress is to leave the finances in such @ condition that there shall be no risk of any want of moaey to pay the troops, and that the best way to fulfil this duty will be to invest Mr. Chase with plensry authority. An act authorizing the issue of $30,000,000 legal tender, $400,000,000 Treasury notes and $90,000,000 long bonds would render the Secretary master of the situation, and would, on the one hand, leave him free to provide money by the method which he might deem most expedient, and on the other would clearly devolve upon him the responsibility of any financial failure. Under such a law he could either borrow on long bonds or borrow on short bonds, or issue his legal tender paper, as, in his judgment, the circumstances of the country and the temper of moneyed men and banks might justify; and with such plenary powers he slone would be responsible if the soldiers remained anpaid or the government failed to keep faith with its creditors. If, aq the other band, Congress The recent report of If = undertakes to restrict his freedom of action, an@ tie him down to the use of this or that financial resource exclusively, events may occur during the recess which may render that resource unaveil- able, and in that event the responsibility for the non-payment of the troops and the in-olvency of the government would rest upon Cgngress. But little more than three weeks of the present session remain: there is no time to be lost. A prominent Boston merchant has tranamitted to Mr. Cisco a financial scheme which deserves more attention than most of the plans emanating from amateur financiers. The writer shows clearly that the only reliable source of the government at present is the continued issue of paper money. Starting from this standpoint, he argues that the chief evil to be apprehended from the use of paper money is the export of specie to foreign countries, ‘This danger can be obviated, in his opinion, by the negotiation in London, at regular intervals, of a sufficient amount of United States bonds to keep the balance of trade in our favor. Atthe presem rate of exchange we could afford to sell bonds i Londén go low as to tempt investors and speou- lators ; and even if, in order to secure a sale, we were compelled to accept prices lower than the market value here, the loss would be unimportams in view of the advantage of keeping our speeie at of a year would probably keep the balance of trade in our favor. The scheme has been transmit- ted by Mr. Cisco to Mr. Chase, and will probably receive careful consideration. The following table shows the course of the stock market for the past week and month:— Jan. 10. Jan. 11. Jan. 24, Jan. 31. Feb. % U.8.6's,regist’d. 9 96 95 92% ONE i Aig m 3 % 63 63 OK 64: 66% = =—65% | 120exd1l9% = 119 Tox tog Te 106% —1063¢ 10088 98 oT 8G tb. 108% 108 108 South. guarant’d. 927, te . Iilinois Central... 865, 91 sgex-d.96% nM 92 Galena... 87 AK 6 92% «= Of Rock Island. 95 m% 92 93% 90K OOK Panama 18436 187 168 Hudgon River. 95% 93K Oe Pacific Mail mt 169 1170 Gold. 150 8 1665 The above table shows that prices have not varied much since last Monday. During the first half of the week there was a pressure to seit stocks, based on unfounded rumors with regard te the action of the Senate on the financial measures of government ; but for the past day or two the tendency has again been upward. There are is- ications that a good deal of the money which has been used in gold speculations is being transferred to stocks. A currency panic—which is 80 com- fidently anticipated by the bulls in gold—would not alter the value of sound dividend paying stocks, and, in the event of such an occurrence, the holder of reliable property, yielding a regular income, would be as well off as the holder of gold. Gold ia in fact liable toa large number of acol- dents to which other descriptions of property are not exposed. Congress or the Legislature mag throw obstacles in the way of the traffic in gold, which, though they may be very unwise and ineffec- tual to accomplish the desired end, may still embar- rass holders. Victories might any fine morning cause a stampede in gold; and, the margin fore fall being 56} per cent, a decline @! 25 per coms in a day would not be impossible. These and other similar reasons—which readily oceur to the mind—appear to have diverted a good deal of speculation, within the past day or two, from gol to merchandise and stocks. All descriptions of merchandise are higher than they were, and are advancing steadily. Railway property is rising im public favor, in consequence of the large carnings of the roads and the prospect of a continuance ef increased traffic which grows out of the pros perity oreated in the interior by the paper money system. The leading roads—New York Central, Erie preferred, Michigan Central, Galena, Rock Island, Illinois Central and Hudson River--have all paid dividends withia a short time, and many of them have already earned a good deal of money towards a midsummer divi- dend. Dividends will probably be paid withina few months on the Cleveland and Pittaburg, Ohi- cago and Alton, Terre Haute preferred, and other properties which have gone through a process of reorganization. Paper money is going to lift our entire railway system out of its difficulties. Float- ing debts are being mapidly paid off, and in a short time there will not be a leading road in the coun- try encumbered with such liabilities. The depre- ciation of the currency, which is doing so much mischief in other respects, is going to be the salve- tion of the railway companies, and will probably raise railway investmepte as high in public esteem aa they atood prior to the year 1856. CITY COMMERCIAL REPORT. Saruxpar, Feb. 7—6 P. M. Asurs.—Sales were made of 44 bbis., at 6%c. for pots and 8c. a 9c. for pearls, Stock, 689 bbis. Breapercres.—Flour was beavy and lower, with aales of 8,500 bbis State and Western, 1,100 do. Southern, and 700 do. Canadian, within our revised range:— Superfine State and Westorn..... 6a TB Extra state.... +130 00 Common to choice extra Western, ~740 iJ Canadian.,.... e: 714 8 0% Southern mixed to good superfine. -716 @ eo Extra do.... seees eee -81 «6 oe Good to choice family do, 9% 210% Rye flour... . ......+... 1360 « 6 6 Corn meal, Jersey and Brandywine... 416 a 560 Corn meal, lywine, per puncheon 2200 023 08 Buckwheat Jour, per 100 ibs ~-20008 30 —Wheat was a shade lower and dull. Saies were made of only 06,000 bushels at $190 for white Western, $1 630 $175, for red aud amber Western, $1 52a $1 70 for Mil- waukeo ciub and amber spring, and $1418 $155 for Chicago spring. Cora was declining, sales having bees made of 105,000 bushels mixed Western at 93c. a 04c., mostly at 94c. for sound; 82c. a 93c. for unsound amd bested, and 93. for Western white and yellow. Rye com- tinued quiet at $103 4 $112. Sales were made of 1,000 bushels barley at $1 50 8 $1 60, and 400 bushels malt at $1 60. Oats wore in active demand at 66c. @ 75c., accord- ing to quality. Covrke—Was in limited demand aud was unchanged We quote:—Rio, prime, at 33c.; do. good at 33c. do, fair at 3lc. a 31 3c. ; do. ordinary at 30c. @ c0., do. fait to good cargoes, Sic. @ 32c.; Java, and bags, 35c. a 36c.; Maracaibo, Sic. a 83c.; Laguayre, 30), 32 gc. ; St. Domingo, 290. a 29 s¢0. Corton was decidedly brisker and was quoted up to 87), c. a 88c. for middlings, with sales and resales of 2,400 F ary prevailed for dry cod, and a —, ry subceeteh ths thode Wruet pris, while salmon and ber- on lower. To Liverpool there at Is, 04. a is. 1044d., and vessels Alay was in fair demand at 85c. a $1 for North river. Hors were selling pretty freely at 18c. a 27c. for sew Top. Larms were steady at $1 40 for Eastern, with = very moderate demand. Lxaviim.—Megsre. FH. 1. Hull & Co. say:--We bare oo particular change to note in the for hemlock sole, @ moderately active demand baving continued through out the wook. A fair number of buyers have made their Appearance, principally from the East, and made cousid- erable purchases at prices within the range of ovr an- nexed quotations. Orioco middle and damaged of all kinds continue to be sought after, and are comparatively Scares, other descriptions are if Tair moderate supply, the receipts from the tanneries being about equal to the sales We do not materially alter our quotations, but our outside figures are more readily obtained than last week, and a feeling of groat Armes pervades the trade. Onl sole remains in active request without change in prices. Upper, in the rough, is in very Itinited supply, but the demand is only moderate, prices, howevgr, are weth one ‘were in moderate roqneet at full qnotations, Provimoxa —Pork sold to the extent of only 750 nble., a& 14 756 a $1487 for old moss, F107) for now meses aad Sitios ‘To for prime. Bool wes in fair dowand, with | home. A sale of $30,000,000 of bonds in the course _ * ___NEW YORK HERALD, MONDAY FEREDARY 9 WOK creates @ demand for foreign finery which will naturally tend to swell our importations of foreign silks, jewelry and other luxuries. The great re- tail are eelling more goods and more expensive styles than they ever did. But, on the other hand, the poor are curtailing their consumption of tea, sugar, coflee and other foreign goods; so that, on the whole, there is

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