The Express.
London, England, 1863-01-03 00:00:00

CABINET CRISIS.

PRESIDENT LINCOLN AND THE EMAN-
CIPATION PROCLAMATION.
(Per Ar►bie.)

NEW YORK, Doe. 22, Emma.

A cabinet crisis has occurred in Washington.
The Republican members of the Senate, in a caucus,
declared want of confidence in the government,
their action being principally directed against Mr.
Seward.

Mr. Seward immediately tendered his resigna-
tion, which was followed by a similar step on the
part of Mr. Chase, the Secretary of the Treasury.
President Lincoln accepted neither resignation, and
requested both to resume their offices. Mr. Seward
and Mr. Chase have accordingly resumed their
functions in the State and Treasury Departments.
General Burnside assumes personally the whole
responsibility of the movement on Fredericksburg.

President Lincoln has informed the Border State
Committee that he issued the emancipation pro-
clamation from a belief that it would effect good
results, but if convinced of the contrary he would
modify his position on that subject, as he desired to
do the best under the circumstances.

The Secretary of the Treasury has completed a
finance bill, recommending • loan of 900,000,000
dollars at not over 7.30 per annum, and the repeal
of the 5.20 Conversion Act. He adheres to the
opinion that money can be raised by loan.

NEW YORK, Dec. 23, EVININO.
General Burnside has tendered his resignation,
bat President Lincoln refused to accept it.
It is supposed in some quarters that a recon-
struction of the Federal cabinet will yet take place.
The hostile public feeling against General Halleck
and Mr. Stanton daily increases.

General Burnaide admits that he attacked Fre-
dericksburg from Falmouth, instead of from War-
renton, contrary to the advice of President Lin-
coln, General flalleck, and Mr. Stanton, and at an
earlier period than they directed. He estimates
his loss at 1,100 killed and 9,000 wounded.
A large Federal expedition has left Memphis to
attack Vicksburg or Granada, Mississippi.

Federal General Foster announces that ho has
captured Kinston, North Carolina, with 11 pieces
of artillery and 400 prisoners.
It is reported that the Confederates have ad-
vanced in force through Pound Gap, from Western
Virginia, into Kentucky, with the view of attack-
ing Lexington.
Despatches from Mobile state that eight Federal
transports from Lake City have been captured at
Carson's Landing, Mississippi.
In Congress Mr. Vallandigham has introduced a
resolution urging the adoption of measures for the
restoration of peace.
Congress has passed a resolution directing the
government to inquire if the American minister in
Mexico used his influence to favour the French.

The steamer Herald arrived at s Southern port
on the 17th. Two barques, apparently privateers,
have been seen off the west edge of • the Bank of
Newfoundland.

The New York journals assert that the officers of
several British war steamers were present, with
their steamers' bands, at a ball given by the Con-
federate consul at Havana.

General Duke arrived at Havana on the Bth,
and General Serrano embarked for Spain on the
12th Mat

(Pa Arabia, vii Halifax.)
NEW YORK, Dic. 24, Sylmar°.

President Lincoln has issued an order thanking
the army for the bravery it displayed at Fredericks-
burg. He says that, although not successful, the
attempt was no error.
General Burnside announces that his wounded
do not exceed 7,000.
General Burnside has stated to the Congressional
Committee appointed to inquire into the facts of
the disaster at Fredericksburg that he accepted the
command against his will, and had positively re-
fused the position, but, by the advice of General
M'Clellan and others, be accepted it.
A bill has been introduced authorising Congress
to raise 200 regiments of coloured soldiers. The
Secretary of the Treasury has sent in a bill recom-
mending a loan of 900,000,000 dollars, at a rate of
interest not exceeding that authorised by law. He
does not suggest any augmentation of the Trea-
sury notes. Both houses have adjourned to Ja-
nuary 15.

Federal General Foster has captured Golds-
borough, North Carolina, with much loss, and,
after tearing up the railroad, returned to Newbern.

COMMERCIAL INTELLIGENCE..
NEW YORK, Ore. 23, Emu°.

Money easy. Gold, 132 i. Exchange, bankers'
bills, 145. Stocks steady. New York Central,
1031. Illinois, 79. Erie, 621.

NEW YORK, D. 24, Evrma.

Money easy. Gold, 34 premium. Exchange :
Bankers' bills, 144. Stocks dull. New York
Central, 104. Illinois, 79. Erie, 621. Cotton
quiet ; middling Upland, 66}. Flour dull ;
wheat quiet ; corn improving. Provisions quiet.
Coffee dull. Sugar, good inquiry. Molasses
steady.