Northern Times. — Liverpool, Merseyside, England, 1859-02-08 00:00:00

LATEST TELEGRAMS. THE FRENCH FUNDS PARIS, Monday. all The Bourse opened with a considerable rise in securities. Rentes 1 per cent. higher, and area 15 to 20 f r ancs higher, great agitation. 2 0 4 ;`, 1 pan. : The agitation and anxiety is excessive. The Prices of Rentes continually varies, and is flow 68 50 francs. 3.55 p . m.: The Bourse clo ses very flat. Rentes 68 15, for Money , and 10, for Account. THE SARDINIAN LOAN The preamble of the loan bill was received with P:eat applause by the left hand and centre of the `lnambers, and, after the reading, several deputies Z ia 11 13 to the Minister, to say that their only met Was, that he had not asked for more money THE DANUBIAN PRINCIPALITIES. BUCHAREST, Feb. 5 Walla,chian Assembly has unanimously Cowie, as Hospodar of Wallachia Alexander Vllza, who had been already chosen ' Hospodar of Moldavia. The forms prescribed in electoral katters by the organic regulations of the country L r e9lements organique) and the convention of the 9th August had been strictly observed. The proclamation of the vote was received with demon -Btrations of joy by the inhabitants. In the !g ell ing, the whole town was - illuminated. The the an d Le Nord attaches much i mportance to the double election of Hospodar, inasmuch as the election of one and the same prince for the two P r incipalities, is at variance with the convention of the 19th August. At Bucharest, the union of the two principalities is considered as indirectly achieved by the foregoing election. FRANCE An article in the Presse of this evening expresses entire sympathy with the policy of the Imperial „Reeeh, which it considers firm but conciliatory. ,v ) unt Cavour has sent a circular note to the i ljplomatic agents abroad, explaining the motives for contracting a new loan. SPEECH OF THE EMPEROR NAPOLEON. PARIS, Monday Afternoon The Emperor Napoleon opened the session of the Legislative Chambers this afternoon, when he delivered a speech, of which the following is the chief portion Messieurs les Senateurs, " Messieurs les Deputes, " France, you are aware, has seen for six years its welfare advance, its riches increase, its internal dissensions extinguished, its prestige raised ; yet there arises at intervals in the midst of the general calm and prosperity a vague inquietude, an agita tion which, without any well-defined cause, carries away certain spirits and affects public confidence. I deplore these periodical discouragements without b eing astonished at them. In a society which has be en so convulsed by so many revolutions, time alone can stre ng th en conv i c ti ons , invigorate Char acter, and create political faith. The emotion ; r iu- . eh has been produced, without any appearance imminent dangers, might naturally cause sur prise, for it testifies at once to too much mistrust and tee much fear. "Doubts would seem to have been entertained not only of the moderation of which I have g:v2n tz,B°' much proof, but also of the real power of 4 ,_ rft nee• Happily the mass of the people is far '“1"31 submitting to such impressions. 18 my duty to show to you again that which seems to have been forgotten. r " What h as cons t an tl y b een my po li cy ? T o "Assure Enrope—to give Francs its true rank— to cement closely our alliance with England-- a m to regulate the degree of my friendship with the continental powers, in conformity with our own views, and the nature of their proceedings tow ards France. It is thus that, on the eve of my t hird election, I made at Bordeaux this decla ration, L'Empire c' est la Paix,' wishing tb° prove thereby that if the heir of the " 2 ' lll Peror Napoleon ascended the throne, he did no t - commence an era of conquests ; but inaugu 11.tea a system of peace, which would not be ;,,distu rbed but for the defence of great national -44terests. To-day it As to the alliance of France and England, I ha ve exerted all my perseverance to consolidate it, and I have found on the other side of the Channel a happy reciprocity of sentiment on the part of the Queen of Great Britain as well as on the part °f statesmen of all opinions. Moreover, to attain t his object, so favourable to the peace of the " (I t'd, I put under my feet, on every occasion, the irritating recollections of the past, the attacks of calumny, even the national prejudices of my cnantry. This alliance has borne its fruits— t Only have we acquired, together, a lasting ' s ' .°l 7 in the East, but even at the extremitY of the world we have been opening an immense em pire to th e p rogr ess of Civilisation, and the Chris tian: religion. Since the conclusion of the r r a ce, the c a bi ne t o f Vie nn a and mine, on the con ary, I say it w ith• regret, have often been found hj ari nnee upon the principal questions, and it required a great spirit of conciliation to o f e ., ect thei r so l u ti on . For example, the recon stitution o f the Danubian Principalities N e v o h ll ; l4 , Only be terminated after many difficulties mos t have prevented the full satisfaction of their le g i t i mate desires, and if it should be asked, of co nle what interest France had in those distant un tries washed by the Danube, I should reply t hat th e i nterest of France is wherever there i s a Ju st and civilised cause to promote. I. l n this stat e o f thi ngs , it was no t a t a ll extra 011,i"41arY that France should draw more closely to e dulan.t, whi c h h a d b een so d evo t e d d ur i ng th e Aar -so faithful to our policy during peace. E " T he happy union of my beloved cousin, Prince a l )°1 e 01 1, with the daughter of King Victor ra ulanuel, is no t th en one o f th ose unusua l f ac t s for Which it is necessary to seek a hidden reason, but naturally arises from that community of in terest of the two countries and the friendship of the two sovereigns. " For some time past the state of Italy and its abnormal situation, which ,makes it impossible to m aintain order exce pt with the aid of fo re i gn troops has justly alarmed diplomacy. It is not, however,cr, a sufficient motive for believing in war. e n'est pas neanmoins un motif sujisant de croire a quarre. "While some call for it with all their hearts Without legitimate reason, and others in the ex aggeration of their fears, like to show France the angers of a new coalition, I shall remain firmly in the path of l aw, o f j ust i ce, and o f na ti ona l honour, and my government will neither permit i tself to be led away or. intimidated." W ar. St oy l e as Simon Sly and Clown, with songs, on ednesday next. AMERICA. ARRIVAL OF THE NIAGARA The mail steam-ship Niagara, which left Boston on the 26th ult., arrived in the Mersey yesterday morning, bringing 96 passengers, $77,569 in specie, and dates from New York to the 25th ult. On the 6th inst., at 10.45 a.m., six miles to the Minehead, the Niagara passed the royal mail steam-ship Africa, bound west. ___ _ The stlam-ships City of Washington and Europa had arrived at New York, the former on the 19th and the latter on the 22nd ult. From Washington we learn that the proposition to give the President thirty millions in hand, and authority to negotiate for the purchase of Cuba, is still a cause of discord among the Republicans. It is known that a number of the members belong ing'to that party will not put on record their vote against the measure, and the feeling now is that the Republicans should pursue the same judicious course that was adopted in = the democratic Senatorial caucus, and permit every man to vote as he may choose.. Mr. Ward, minister to China, is at Washington, waiting instructions, and the Senate have not acted on either the China or Japan treaties. The Spanish minister had arrived, and, while speaking of the $30,000,000 appropriation, declared, if it was granted, he would demand his passports. The difficulty between Senators Douglas and Fitch is definitely settled, through the medium of an exchange of seven notes. The Salta Fe mail had reached Independence, St. Louis,—by it we learn that peace had been concluded with the Navajo Indians. The Neosho mail party arrived at Santa: . Fe on the 2nd. They were detained by the slow movements of Lieut. Beale's party, in whose company they . travelled. They saw no Indians, but signs of their vicinity were visible every day. The strength of the company was doubtless, the only reason of their not being attacked. In reference to the supposed slaver Laurens, it turns out, on examination of her slaves, Sze., by the United States' Marshal, that she had been libelled by the Government. _ At Charleston, the captain of the yacht Wan derer surrendered himself to the United States Marshal, and was held to bail in $5,000. Several serious fires had occurred. At Newark, on the 24th ult., about two- in the morning, a fire broke out in the stable No. 9; William-street, destroying it, together with the adjoining stable, Ne. 11. Seven horses, with harness, &e., were destroyed. Some of the prominent citizens lost valuable horses that were boarding there. The loss is not accurately known, but is supposed to be about $5,000. A fire at Sturgis, Mich., on the same morning, destroyed $28,000 worth of pro perty ' • insurance $5,000. Loss of the Grand Rapids and Indian Railroad Company $17,000 ; no insurance. From Chicago, we learn that the difficulties between Governor Matteson and the employes of the Chicago and St. Louis Railroad have been ar ranged, and the train's have commenced running. Burns Centenery Festivals had been held in the States, passing off with considerable eclat. COMMERCIAL. NEW YORK, Jan. 25 MONEY : The nominal rates remain as last quoted -109;1 for bankers' sterling, and 1081 to 1091 for good mercantile bills ; francs at 5.15 to 5.20. Money has been dull and quiet to-day ; the general feeling among lenders as well as borrowers induced them to wait to see the effect of the loan. We hear of a few transactions at very low rates in very short paper, and the brokers are borrow ing as low as they want. But the unwillingness to dis count long paper at the old rates is very marked. COTTON Our last advices from Europe are to' the Bth instant. The Europa reached this port on the 22nd, reporting a quiet week in the Liverpool market, with sales for the week of 34,000 bales, at a decline of 1-16 d to Id, parti cularly in Upland Cottons. Middling New Orleans was quoted 6.15-16 d, • and Mobile, 6.13,16 d. Spinners con tinued to buy very sparingly, although well under con tract, and the Manchester advices were very favourable. Money plentiful and unchanged. " The following is a statement of the week's sales here and at the chief Southern ports, at latest telegraphic dates, with the closing prices, f. o. b., with freight in sterling at current Exchange : - ~., - Sales. 'dosing. Middling. Freight. F. 0.8 N. Orleans, 22nd Jan... 36,000 unchanged. llic. 15-32 d. 6id I Mobile, 22nd „ ...30,000 c. higher. llic. 15-32 d. 6ad Charleston, 21st „ _17,000 c. „ 11 c. 11-32 d. 6.5-16 d Savannah, 21st „ ... 9,00 b c. „ 11 c. 5-16 d. 61d. New York, 20th „ ...20,000 Ic. „ Up.l2 c. 7-32 d. dad • Total 112,000 bales. There is now in Excess in receipt Average 6 l3-32d of 893,000 bales compared with last year of 350,000 bales compared with 1856-7. of 369,000 bales compared with 1855-6.. NEW Youx MARKET : The past week has been one•of unusual activity in this Market. Our last report closed upon a moderate enquiry. The following day, however, an active demand set in, and for several days a large business was done at gradually advancing prices. The increased demand was chiefly speculative, though a fair proportion - was to the home trade, and was shared in, more or less, by all classes of buyers: The week's sales sum up about 20,000 bales, partly to arrive, and including about 5,000 bales in transitu to Liverpool. • Prices have advanced is to tc on the spot, Middling Upland being now quoted 121 c to 127-,c. In parcels afloat there has been an improvement of about ; le Middling Gulf, with id freight, is now quoted 111 c to 111 e, and Middling Atlantic, with 7-16 d freight, 11c. " SOUTIIERN MARKETS.-Our mail advices from the South report a moderately active business during the week. The markets opened rather irregularly, under dull news from Liverpool ; but a slight concession from holders stimulated business at the gulf ports for several days, when factors again demanded full rates, and the markets became less animated. Our telegrams for the week ending 21st, report an active business at New Orleans at the opening of the week, ,with prices slightly in favour of factors. The demand, however, was subse quently checked, probably by the large receipts and dull news per City of Washington. The week's sales amounted to 36,000 hales against receipts of 72,000 for the same time last year. Middling firm at 11c. At Mobile a fair 2 business has been- done throughout the week, buyers being attracted to that market by its being about ic below New Orleans, and the sales reach 30,000, and prices at the close are consequently about ke dearer, Middling being worth Utz. The Charleston anci - Savannah markets have also witnessed an improved demand and most of the previous week's decline has been recovered, Middling being quoted 117,0 to nic at both points. The following is a statement of the movements of cot ton for the past week, and since Ist September last, compared with the five preceding years : e"---RECEIPTS.-1 E -EXPORTS FOR THE WEER-, Since Ist To Great Other Past Week. To France. September. Britain. F. P. 1858-9 124,000 2,182,000 50,000 2,000 14,000 1857-8 69,000 1,290,000 54,000 15,000 9,000 1856-7 97,000 1,832,000 52 000 13,000 13,000 1855-6 84,000 1,817,000 50,000 15,000 19,000 1854-5 76,000 1,124,000 46,000 7,000 20,000 1853-4 97,000 ' 1,209,000 . 44,000 12,000 6,000 -:-EXPOILTS SINCE IST SEPTEMBEII To Ot. Britain. To France. To Ot. F.P. Total: Stock. 1858-9 646,000 283,000 178,000 1,107,000 848,000 1857-8 437,000 156,000 107,000 700,000 577,000 1856-7 415,000 180,000 125,000 720,000 802,000 1855-6 637,000 224,000 169,000 1,029,000 647,000 1854-5 571,000 128,000 90,000 789,000 314,000 1853-4 376,000 121,000. 84,000 581,000 511,000 Thus the receipts show an increase of 896,000 over those of last year, and an increase of 369,000 over 1855-6. and the exports exhibit the following results : Comp'd with Gt. Britain. France. O.F.P. Total. Stock. Last year Increase 209,000 125,000 71,000 407,000 271,000 1855-56 Increase 9,000 57,000 10,000 78,000 201,000 NEW ORLEANS, January 22nd : Receipts for the week, 72,000 bales (net), against 41,000 same week last year, and 50,000 in 1856-7. Exports to Great Britain, 25,000 bales. Market strong at the opening of the week, but quieter since the City of Washington's news, without change in prices, Middling being quoted 11 c. Sales for the week, 36,000 bales. Market irregular to-day, with sales of 9,500 bales. Freight to Liverpool, 15-32 d. Sterling Exchange unaltered. MOBILE, January 22nd : Receipts for the week, 35,000 bales, against 19,000 same week last year, and 20,000 in 1856-7. Exports to Great Britain, 8,000 bales. Market about ke dearer. We quote Middling, 11c. Sales to-day, - 3,500 bales ; for the week, 30,000 bales. Freight to Liverpool, 15-32 d. Sterling Exchange•rather lower. RECEIPTS.—We had last week to report a decrease in the weekly receipts advised by telegraph. This shows in our table of to-day, the. deliveries at all ports only amounting to 124,000 for the week ; but, as we stated, would probably be the case, the falling off is recovered by our telegram of a week later, and the figures in our next-will again, reach about 140,000. Beyond another week or two we cannot expect such figures to be continued. The excess over last year, now amounts to 896,000 bales, and will next week run up to about 940,000 bales, Within a fortnight or three weeks, it will probably have attained its maximum of some where near a million of bales. From the Ist of March onward we may reckon upon a relative decrease till the end of the season. _ EXPORTS : In the exports to Great Britain we last week reported an excess of 222,000 bales, remarking that from these figures there would probably be a slight decline. They are reduced already to 209,000—partly by a slight falling off in the shipments during the week, (50,000 against 54,000 last year,) and partly by some of the clearances for British ports of call—Cowes, Falmouth and Cork—having been ordered on to Continental ports, and, therefore, deducted from " Exports to Great Britain." Under that heading are still comprised 40,316 bales, which cleared for ports of call, a large proportion of which will, no doubt, ultimately have to be deducted from the British, and added to the Continental expOrt column. The clearances for France only amount to 2,000 bales, but the total, for the reason assigned above, is raised by 10,000 bales, "amounting now to 283,000 bales against 156,000 • last • year. To other foreign ports, the week's clearances have been 14,000 bales, and the total now amounts to 178,000 against 107,000 • last year. There is a considerable increase during the week in the number- of ships loading for Great Britain, there being now 98' on the berth at all Southern ports against 81 last year. This points to a further increase in exports thither' before the final falling off, but the present excess upon last year is not likely to vary greatly for some time to come. Meantime Ame rican spinners continue their purchases on an extensive scale, having taken 36,000 bales during the week, against 5,000 bales last year. Their total takings now amount to 334,000 bales, besides a good deal from the interior towns, *against 62,000 last year. PRICES : We remarked last week that various signs favoured the impressimt that we had reached a turning point in the trade. The average price of Middling at our leading ports, including freight, charges, and current rates of exchange, was then 6.5-16 d, or within 1-16 d of the lowest point of the season the quotation for a few days in November having fallen to 61d. The average is now raised to a fraction over 61d. This advance has occurred in spite of some uneasiness caused by the political news by the last steamers as to the condition of Italy and the relations of France and Austria being of an alarming character. But this unsettling intelligence has only served to prevent a greater advance. The large receipts again advised at New Orleans and Mobile have also had a quieting irtfluence, which it is to' be hoped they may continuelo exert for some weeks longer, so as to afford buyers a good selection and further opportuni ties of satisfactory purchases. NEILL BROS. & Co. The market was steady, with sales of 40 brls Pearls were quiet at 6c. • Flour—The market was again firmer pots at 5,§,-( BREADSTUFF anti more active, and closed at an advance of 10c to 15c per brl. The transactions footed up about 16,000 to 17,000 brls. Canadian brands were firmly held, with sales of about 125 brls. The spec'ulative movement in Southern brands continued, and the sales embraced about 6,500 brls. Rye flour and corn meal were firmly held, while sales were -limited. Wheat— The market was again firmer, with sales of about 25,000 bushels, including Michigan white, at $1 45e, mixed. Indiana at $1 35c; red Southern at $1 37c to. $1 38c and fair Chicago at $l. Sales of Jersey rye were made at 85c, and Canadian barley was sold at 90c. Oats were steady, but sales were limited. IRoN : Scotch pig continued firm, with moderate sales at $25 to $26 per ton, 6 months. MOLASSES :• The market continued firm, with sales of about 500 brls. New Orleans at 42c. NAVAL STORES : Sales of 400 . brls. spirits of turpentine at 49c. Common rosin was at $1 75c to $1 80c asked, and crude turpentine was held at $3 70c. 011 s : The market for linseed was steady, with small sales at 67c to 68c. Crude sperm was firm, and held at higher rates. Crude whale was at about 55c to 56c. PnovisioNs.—POßK : The market was less buoyant and active, while prices were without change of moment. The sales embraced about 600 brls, including new mess, at $lB to $lB 121 e ; old mess, $l7 621 c, and prime at $l3 50c. Beef was steady, with sales of about 300 brls, including country prime, at $6 80c to $7, mess do. at $8 to $9, and re-packed mess at $9 to $lO 50c, and extra at $ll to $ll 50c ; prime was at $l6 to $l9. Sales of 50 to 60 brls beef hams were made at $l6 50e for extra quality. Bacon was steady but quiet at 8e to 10c. Cut meats were in fair re quest, with sales of 400 hhds. and tierces at 9c to 91c for hams, and at 6c to 62c for shoulders. Dressed hogs were steady at 7-lc to Bc. Lard was firmer, with a steady demand. The sales embraced 600 to 700 barrels and tierces at 1110 to 121 e, the latter figure for small lots prime. Butter and cheese were steady, and in fair demand. RICE. — to 4c. —Sales of about 650 tierces were made at 34c, SPICES.—SaIes of 150 bags pepper were made at. 10c, 60 cases nutmegs and 23 cases mace at p. t., and 1,000 bags pimento at 74c, now held at 71c. SUGARS : The market continued quite firm. Some holders had withdrawn their samples, hence the sales were confined to about 400 to 500 hhds, including, New. Orleans at 7-ic to 8-1 c ; in the sales were 80 hhds. Cuba at 610 to 7:ac ; and 1,000 boxes at p.. t. FREIGHTS : To Liverpool : 300 brls rosin were engaged,at 25 3d. To London : 100 brls of beef were taken at .4s 3d ; 100 tierces ditto at 4s 3d, and a good, part of a cargo was reported taken for the same port, including part heavy goods at 22s 6d, and some barrels at p. t. To Bremen : 10,000 lbs bone, 300 brls rosin, 500 bales tobacco, and 150 brls sundries, all on private terms. THE NORTHERN TIMES, TUESDAY, FEBRUARY 8, 1859 LATEST INTELLIGENCE -VIA HALIFAX NEW YORK, Jan. 27, Evening,—The Bremen steam ship New YOrk arrived here yesterday. Our cotton market is dull, and the sales to-day have been quite trifling, dealers awaiting later intelligence from Europe by the Arabia—now due. Yesterday the sales of cotton amounted to 1 3 500 bales. Flour is buoyant and active at a slight advance in price. Wheat is firm but dull. Indian corn is chill. Provisions generally are buoyant and slightly dearer, except for beef, which is quiet. Messrs. 1•Tei11 Brothers and Co report - this market for cotton 'quiet but steady at unchanged prices since the closing of the mail. Their reports from the south are to the effect that the markets are firm and active, and that the receipts are supported. WASHINGTON, Jan. 27. —The bill providing for, the construction of a railroad to the pacific has been defeated in the Senate. FOURTH EDITION. NORTHERN TIMES OFFICE, TUESDAY, 12 NOON IMPORTANT NEWS FROM AUSTRIA. The Austrian Gazette of Vienna publishes another article to show that war is not probable, and that the Emperor Napoleon has no intention of attempting to re-commence the conquests of Napoleon I. It concludes as follows :—" Military preparations have this time preceded diplomatic negociations, but they prove that such negociations are indispensable. These negociations cannot take place between two or three Powers. They must be general—the great .Powers must take part in them. FRANCE The turn taken by debates in both Houses of Parliament, displeases the democratic organ, the Siecle, which says now that the decisive moment has arrived, the statesmen of England abandon Italy. Were England and France united to exact a solution from Austria, their appeal would be all powerful. Instead of this, it is declared in the British Parliament, that France and Sardinia must be checked, and not Austria. ITALY A letter from Vienna, in the Cologne Gazette, says the Neapolitan government has drawn up a document, in which it explains the situation of Italy. This document, it is said, has been com municated to several Italian governments and to the Cabinets of St. Petersburg and Vienna. SERVIA BELGRADE, Feb. 6. The solemn entry of Prince Milosch and Prince Michael into the town, amidst the jubilee of the population, has taken place. The Senate and the Ministers have not been allowed to take part in the solemnities of the reception. WRECK OF A LIVERPOOL VESSEL AND LOSS OF FIVE LIVES The steamer Prince Patrick, at present running between Fleetwood and Belfast, ran into the schooner Elfin, of Liverpool, with pig iron, from Ardrossin, on Monday night, in the Channel ;- and so fearful was the col lision, that the schooner immediately sank, and we regret to say that the captain, his wife, .child; and two seamen were drowned. The Prince Patrick received some damage, and was obliged to put back to Fleetwood, where she arrived this morning. The schooner was an iron one, nearly new. AMERICAN AFFAIRS. PROM OUR OWN CORRESPONDENT. THE 4UBA ANNEXATION QUESTION : ITS. COM PLEXION AS A PARTY MOVEMENT ; ITS VALUE IN THE CONTEST FOR TILE PRESIDENCY. NEG LECT OF THE SUBSTANTIAL INTERESTS OF THE UNION : INCREASE OF THE NATIONAL DEBT ; APPREHENDED FINANCIAL EMBARRASSMENT. AMERICAN POSTAL SYSTEM.: SACRIFICED TO PARTY OBJECTS; THE OCEAN MAIL STEAMERS; MONOPOLY OF THE FOREIGN POSTAL SERVICE • BY THE ENGLISH COMPANIES. BUILDING OF 'GUN-BOATS FOR RUSSIA. •DULNESS IN THE FASHIONABLE WORLD: THE BALI. TO LORD AND LADY NAPIER. The Cuban question, whether in or out of Con gress, is throwing every thing else into the shade. The bill appropriating the thirty millions for the purchase of the island has now been fully dis cussed, and will be made law ere this meets the eyes of your readers. Now, a question has arisen as to the conduct of Spain under the course that .is thus being pursued. The Spanish Prime Minister, it appears, considered the very propo sition of it so audacious that, as he told the Cortes, he was ." disposed to demand satisfaction for such an insult." What, then, will he say, or, rather, what will he do, when he find.: that Congress has actually voted the money for the acquisition of this important territory of Spain The Spanish Minister at Washington is already threatening to demand his release, and to take his departure, if the Bill passes—which, as I have already said, it is certain to do. Many re gard this as a bit of bravado: But one would scarcely wonder at it, under the circumstances. If the head of his Government regarded even the suggestion of such a proceeding on the part of Congress as an insult demanding satisfaction, surely their Ambassador on the spot. where the insult is offered can scarcely be expected to remain in his present position. But we shall see. The exciting question, as put before the country by the President, and taken up in Congress, is pro ducing a great sensation all throughout the Union. It is certainly a popular one, from various causes, and no doubt a good deal of political capital will be made out of it.. There is something grand, is the general feeling, in extending far and wide the dominion of the " stars and stripes,"—not only in compassing the vast expanse of country from the Atlantic to the Pacific, but even "the isles of the sea" also. It ministers to the national pride, moreover, to be wresting one possession after another from any of the old monarchies of Europe. Then there are the commercial considerations. Cuba is a rich and fertile island, and under a more vigorous deve lopment of its valuable resources might prove a mine of wealth to the Americans. Its geographical position, too, it is perceived, is most important to American interests, giving complete possession, as in time it would, of the Caribbean Sea, and strengthening American influences as respects both Central and South America ; for the course of annexation" would not terminate at Cuba. Hayti would be got hold of next, and then one by one, the rest of the Caribbean Isles, if not ulti mately, the Bahamas also. The worst of it is, as regards the political interests of the States, that it i s made a party question. By the Press it is taken up mainly as such. " Our democratic con temporaries perceive," says an influential journal in that interest, " that this movement has created a prodigious sensation of alarm among the organs of the republican camp, and cannot fail to see that it is only necessary for the democracy in Congress, and the party press all over the country, to stand firmly together upon the Cuba movement, in order to reunite and consolidate the party." And this reunion and consolidation is immediately wanted for the coming contest of the Presidency. This fact of the case has, of course, its separate character. It has little or nothing to do with the merits of the Cuban question, of themselves. The chief, if not the only concern here is its popularity ; and its influence therefrom on the public mind for the nonce. It is already broadly stated, for instance, that " the democracy, upon the Cuba question have the game of the next Presidency in their hands, and to secure it they have only to play the trump card of the Thirty Million bill, and follow up the movements of the administration under the authority of these thirty millions. Pass the bill, and it will not be long, we dare say, before the question will be developed, through Mr. Buchanan's negociations, into a shape which, without involving the contingencies of war, will command the re-organisation of parties through out the country. But in default of this bold and dashing movement for Cuba, the democracy will remain as they are—enfeebled, distracted, divided, and at the mercy of the winds and waves. Should the leaders of the party thus go back from the present Congress, among the people, they will return at the next session to find themselves sub ject, most likely, to the decrees of an opposition majority in the House." Such are the political calculations=such the party excitements, that are deduced from this question. Its equity, its justice, its propriety, its policy (of itself), or even its practicability without incurring the risk of war—all this, or any of it, is not considered; but only to being a "bold, and dashing movement for Cuba," which will " command the re-organisation of parties through out the country !" This is the be-all and the end all, apparently, of a proposition which may not improbably involve the union is a fearful conflict with more than one European Power. They cal culate, as they tell us, that " from the democratic camp and the republican camp there is now a vast amount of loose materials among the voters of the country, which may be fused into the democratic party upon the Cuba movement, but which, in default of some such tpopular experiment, may fall into the opposition lines." Such, then, is the miserable party-coloured character of this " Cuba movement,' 'to which even the President has not scrupled to lend himself ! In the midst of this wretched party manoeuv ring, the substantial interests of the Union appear to be in imminent danger of being sacrificed, The Presidency of Mr. Buchanan seems likely to turn out a most extravagant one,—and principally, if not wholly, for the reason, that so much has had to be paid, in considerations of one, kind or another, first for its attainment, and next for its support. We are told, .for instance, by one of its organs of the Press, that " the national debt has been ex panded from twenty-five to some sixty-five millions of dollars. Twenty to thirty millions more will be needed for the regular federal expenses of the ensuing fiscal year ; and then there is the thirty millions bill for the purchase of Cuba, the Pacific Railroad bill, and the Executive recommendations for ten additional war steamers, and for a military protectorate over the northern provinces of Mexico, and the bill pending in the Senate, giving the President certain discretionary powers of peace or war in reference to Central American affairs ; and in the House, the French Spoliation bill of five millions. There are, also, various other things calling for money—money—for thousands of millions of money—with the certainty of a hundred millions on the wrong side of the books, and not a dollar in the Treasury." This, one would think, was a state of financial pressure and embarrassment to serious too be trifled with, and quite sufficient to require a concentration of Governmental and Congressional attention to it, without the distractions of schemes for further acquisitions of territory. And so, no doubt, it would, but for this perpetual party warfare — these constantly recurring contests for the Chief Magistracy of the Repuliiie. The certainty of a hundred millions on the wrong side, might well make them pause. Yet, so far, it does not seem to have any such effect. Far-seeing and calmly calculating persons, however, are not without their apprehensions of very serious financial em barrassment at no very distant day. A great practical object like that of of Communication, in this c ontinual raging of party conflict, can scarcely be expected to secure much care or concern. The Postal system generally throughout the States remains unimproved. :How " can it be otherwise, when all the Post Offices of the land, from Maine to California, are objects of constant political contest, and change ? The officers, from the Postmaster General downwards, or the vast majority of them, being appointed as party men, and in return for party services, and being removable with every Administration, seldom get thoroughly master of their duties before they are sent about their business. Then the Ocean Postal Service is not generally cared about ; and one consequence of this is, that the boasted " Collins Line of American mail steamers, to and from Europe, as you are aware, has for a year past, or more, been defunct, and its splendid ships are left to rot in the rivers round New York. It is related, in the news of the day, that " as all the contracts for carrying ocean mails by the United States steamers expire this year, with the excep tion of the Collins line, (which is inoperative,) some action is of course necessary, unless, indeed, Congress should decide that English steamers are to continue to have the monopoly of ocean mails, which they now possess everywhere but in the immediate California service." English steamers have, in fact, had this monoply cast upon them, through the failure of American efforts to participate in the service,—nothing in the world else. It is now understood, that the com mittees on the Post Office and Post Roads of the Senate and House are engaged iu the considera tion of the subject of the ocean mails, with a view of reporting a comprehensive bill, which will re-organise the service and place it upon a per manent basis. But then, in the present state of things, this cannot be dmie without large subsidies. "No permanent American line," says the New York Herald, "can be established which leaves to the contractors the uncertain risk of being remunerated from the postages. Government must take that risk itself, and agree to pay for a fixed period a reasonable and sufficient sum for the Work. Under the present experiment of giving the postages as compensation, we find Vanderbilt's line conveying a portion of the mails, during the summer months, when the travel is sufficient to make up for the expenses, and the English lines, which are composed of screw vessels, making long passages, taking them in the winter—the Cunard line, during the whole time, running regularly, thus securing the great bulk of the letters, and thus bringing into the British Post-office a revenue doubtless more than sufficient to defray their large subsidy, whilst our Post-office Department does not receive a cent The experiment has been tried till it has succeeded in tying our splendid steam ships up to our wharves to rot, depleting our Post-office, and giving England that monopoly on the ocean to which her wise, paternal, and foster ing care have always been directed." All this is quite true. Congress will not vote the requisite remuneration and encouragement. Its members are too full of party projects, and want all the money they could find it possible to vote away for objects coming much more closely home to " their business and bosoms," than those of a national Post-office ; notwithstanding the vastness of the interests involved therein. A Russian officer is at present in New York, whose mission from the Czar, it seems, is to have a steam gunboat built for service on the coast of Eastern Asia. It is stated that the boat is required to be completed as expeditiously as possible, so that she may reach the Amoor river by next August. She is to be of light draught, and the fastest and strongest it is possible to build her. The New York Herald observes, that " Russia is foremost in taking advantage of our superior skill in naval architecture. The war vessels that have hitherto been constructed in our dockyards for her have given such entire satisfaction that she again applies to us. We also understand," it adds, " that Russian officers here have received instruc tions for procuring the construction of ten other steam gunboats in the United States." So fast, it would seem, has been the course of gaiety and festivity in New York this season, that it has already exhausted itself. It is publicly complained of, that there is " a sort of stagnation just now in the fashionable world. The exhaus tion consequent upon two seasons of the Piccolo mini fever has for a time killed the chances of any other operatic speculation, and for the nonce our Fifth avenue belles are without this means of publicly displaying their charms." This st a t e o f things appears to be making the fashion-mongers and caterers of New York quite jealous of Wash ington,—although there, even with Congress in session, things fashionable are at present rather flat ; a condition, however, which is going to be temporarily , redeemed by the grand farewell ball to Lord and Lady Napier. Hence the present jealous feeling at New York, where, it is con tended, such a ball ought to take place. We must take it, they say, out of the hands of the Wash ingtonians, " and render it a fete cosmopolitan in its character, and one in which all, natives as well as foreigners, can join. With this view, some twenty or five-and-twenty of the leading families from the principal cities of the Northern States and Canada should be invited, together with the diplomatic corps and the most distin guished foreigners at present in this country. The only place suited for such a demonstration." continues the appeal, " would, of course, be the Academy in Fourteenth street, and musical arrangements might be made to impart to it additional eclat. The tickets would have to be priced high —say at ten dollars—in order to guard against overcrowding, and insure the liberal expenditure called for by the occasion. The compliment thus offered would be appreciated, not only by the distinguished subjects of it, but by the English Government and people." What • will come of it, remains to be seen. But it is scarcely probable that the arrangements at Wash ington will now be relinquished. The best plan would be for New York to give them a Ball, as well as Washington. They are expected to em bark from New York for England early in March. So that the " fashionable world " of the commer cial capital may seize the opportunity of feting them as they pass through. INDIA AND CHINA The Daily News has received the following despatch, dated — ALEXANDRIA, Feb. 2. The India and China mail reached Suez on the 13th ult., with dates from Calcutta to Jan. 9 ; Madras, 13th ; Gallo, 16th ; Aden, 25th ; and Hong Kong, 13th. Calcutta produce was inactive. Imports quiet. Interests raised one per cents premium. Freights slightly improved. Exchange, '2s to 2s Old. Madras, 2s to 2s lid. At Canton matters continued peaceful. Manu facturers' goods were in great demand, at high prices. This season's tea crop scanty. At Hong Kong there was little doing. Exchange 4s. 7d. to 4s. Bd. At Shanghai imports were at an improved demand. Exchange 6s. 71d. to 6s. 9d. At Choo-Foo there was considerable activity in tea. INDIA. _ _ -- - The rebels about Kirwee were disturbed by General Whitlock, on the 29th. Rajah Govind and his brother, with about 300 rebels, were slain. All their guns, and much cattle were captured. Colonel Benson, after a pursuit of 140 miles in five days, defeated Tantia Topec, at Zugapore, inflicting great slaughter. The Times has received a telegraphic despatch with news brought to Suez by the Calcutta mails. By a notification, dated Allahabad, Ist January, the Punjaub is raised into a separate Presidency. At Calcutta the Oude campaign was considered closed. A telegram from Allahabad, dated 11th Jan., reports from Gwalior that 3,000 of Tantia Topee's force had crossed the Chumbul, on their way to Jedpore. Baron Gros was still at Hong Kon g . No intelligence had b een receiv from Lord Elgin. lir. J. Stoyle as clown " Ala Grimaldi," on Wednes day next. THE GAME or THE SEASON.—Third edition of the amusing card game of " St. George and the Dragon" now ready. Sold by Mawdsley and Son, and all book sellers. IMPERIAL PARLIAMENT. HOUSE OF LORDS.-MONDAY The Lord Chancellor moved the first reading of a Bill for the amendment of the law respecting Bankruptcy and Insolvency. He explained, at considerable length, the details of the bill, one of the principles of which is the abolition of distinctions between bankruptcy and insolvency. Lord liroughatn, Lord Campbell, and Lord Cranworth made some observations, chiefly complimentary, but in some respects objecting that the bill did n enough The bill was then read a first time 'ter which the house adjourned at seven o'clocl HOUSE .OF COMMONS The Queen's reply to the address was brought up lYy Colonel Forst( 1 for the Un A. new writ was orde in place of Mr. Gladstone, who had accept Lord High Commissioner of the lonian 181 Mr. T. Duncombe, after referring to the the Chancellor of the Exchequer on Thurs was the intention of the government to Reform Bill during the present month ? The Chancellor of the Exchecoier rep] ration of askel if it troduce the important measures, respecting the state of and other matters, would have to be discusse Reform Bill could be introduced. lie couh fore, fix the precise day, but he expressed 1) pectation that the bill would not only be brow but that the second reading. might take pla, dian finance I before the ,nd even 3 ?. in committee befOre Easter. • d upon the Government to na progress Ma Mr. Bright ur, day for the fir given for its consideration between that at reading. lied, that he The - Chancellor of the Exchequer could only repeat his farmer answer. In reply to Mr. 11. Sheridan, who asked whether the farther punishment of the bankers, Sir J. D. Paul and Mr. Strahan, would be remitted? Mr. Walpole remarked on the enormity of the delin quencies committed by those bankers, and the difficult position in which he was placed by the passing of the Fraudulent Trustees Act, -which was in contradiction to the present law with repealing it. Under those circum stances it would be necessary for him past offences, to lay down some rule cases, which he trusted to be able to do The passage in the Queen's speech r( of the navy having been received, an d a no ti ce for supply having been made, the House agreed to resolve itself into committee for that purpose to-day (Tuesday) Mr. Walpole; in moving the second readin Bill for the Repeal of .the Occasional S ) the state Prayer Book, said that the service fot quired to be added to the list to be expunged, vi er day re the 23rd October Mr. Hadfield remarked that o should be made in the nook of CI much that was offensive to a great pa should be expunged. He wished to knol intentions of the Government were res present measure or not, and, that there he_moved to postpone the second reading fo _ _ r impro. a', and Mr. NewdegaCe • said that tim, Mould b )rnmunity ether the I to the consideration Mr. Roebuck could not see why the Ilou§ , want a week for the simple act of common sons Mr. Gregson suggested other alterations than thos provided by the Bill. Mr. Walpole said that the bill did not touch the law respecting the Book of Common Prayer. These special services were only authorised by warrant. The object of the bill was to remove the anomalies of the existing laN by which its stationary compulsion was - - persons to attend church on certain days. Mr. Hadfield withdrew his amendment, and the bill Iv read a second tim Son all The Chancellor of the Exchequer moved for leave to introduce a bill to amend the law concerning superannua tion and other allowances to persons that have held civ:! offices in the public service. The bill simply the recommendation of the comini had sat on the be enti would be corn ~bodir d the age of s N - Ir. J. A the provinces London at, w inch w e aeman led tha tninision wh ► any person wo' lose of of sixty, au lerammation a ,1 woald s very d Sir E. A. Willoughby made some observations as to the expediency of the alterations. Realarks in point of detail were made by Mr. Collier, Mr. Rich, and Sir F. Smith. The Chancellor of the Excheqner ma nations; after which leave was given to bi bill. )me explana -r in the The Attorney-General for Ireland asked for leave to introduce Bills to facilitate the Sale and Transfer of Land in Ireland ; by simplifying and consolidating the law relating to judgments, and by providing for protection of purchasers against Crown Debts in Ireland ; and for the abolition of the receivers of the High Court of Chan cery in Ireland in certain cases ; and for giving Furth ^r facility to the sale of Encumbered Estates. He explaineA at soma length the provisions of the bil altogether to technical matters. After a short legal debate, leave was the bill Lord Naas obtained leave to bring in a regulation of Markets in Ireland ; and anoth lidate and amend the law relating to Lain Ireland, vatic Poor in Sir R. Ferguson obtained leave to introduce a bill t facilitate international communication iu Ireland by meal of tramways. The House then adjourned at ten minutes to eight. INDIA. AND THE HOUSE OF COMMONS On Thursday night, when Parliament re-assemblei the Speaker of the House of Commons acquainted t.lt House that he had received letters in respect to t thanks of this House in obedience to the commands the House of the Bth day of 17( of March last. Lord Canning writes sth day " I have h receive your letters of the 17th of March, transmitting the resolutions which on tit and 16th of that month the House of Commons pleased to pass with reference to the employment by Government of India of the resources at its command the suppression of the mutiny ; to the achievement of i, portant triumphs by the forces of her Majesty, and of t Honourable East India Company ; and to the conduc,: those persons who, though not holding military rank have performed valuable military service. The ex pression of the thanks and approval of the House Commons will not only be accepted as a high rev.% -(1 by all to whom it is addressed, but will, I am confici in prove a powerful enco ura g ement to all the zecli.„l discharge of whatever duties await them. I request flal you will submit to the House of Commons th e expressi. of my dutiful and grateful acknowledgments of t:1 honourable testimony of approbation which my services have received at their hands." Lord Elphinstone writes :—" I beg that your lordsli: will accept my best thanks for your cordial congratul tions upon this occasion, and that you will be pleased convey to the Honourable House the expression of deep and g rateful sense of the high hollow - - been conferred upon me by the inclusion of this resolution." Lord Harris :—" I feel deeply sensilh, nition by the House of Commons of my humble w hich so far as they . may have be en o f value, are mail. owing to the unwearied and able support which I hay received from the officers, both civil and aad from the troops of the Madras Presidency." Sir John Lawrence :—" I request that your lordship will be good enough to Convey to the House of Commons my deep sense o f the great honour which has been con ferred on me. I have further to thank your lordship for your congratulations on this occasion." _ Lord Clyd e , _ I have had the hononr to receive your lordship's letter of the 11th of May, enclosing a resolution of the House of Commons, which conveys to me 1 1 . e thanks of the house for my share in the exertions of the army I had the honour to command during the late cam paigns. I have the honour to request your lordship will do me the favour to forward through the proper channel to the House of Commons my respectful and grateful acknowledgments of honours which has bey upon me." ►ll5 recO, C J:lferretl At Paris the flour market has further deelin Wheat has also fallen. A considerable fall has taken place in rape oil. At Lyons Italian silk is offered at an imp otant reduction. Wines firm. ARRIVAL OF THE lIIM.ILAYA.—Her Majesty's ship Himalaya arrived at Spithead on Saturday morning. She bad on board fifty-one passengers, thirty military invalids, and the wild anima ls p resented by the Emperor of Morocco to the Queen . Th e Vienna correspond ent of the rifles say s th e Queen's Speech produced a very agreeable impression in official circles ; but at the Bourse financiers l u ati o s r tr u t i h a o n e t b e en able to deci de whether it • was conciliatory the rever se. At 11 o ' c lock on Friday night Government was informed that on the precediil night Lord Palmersto n and Lord John Russell had spoken g in favour of the maintenance of the treaties of 1815, :nce 'use l de s t e el the ira!, ithly ,ther