The Express.
London, England, 1855-04-18 00:00:00

THE UNITED STATES.

ARRIVAL OF THE ATLANTIC.
(sT XAONITIO TILISZAPII.)

!MIMS OP TEI DAILY MM.)
LIVERPOOL, WIDNIIIDLY.

This forenoon, the United States Mail steam-ship
Atlantic, Capt. West, arrived in the Mersey (direct
from New York) with the usual mails from
the United States and British North America. She
sailed on the 4th inst., and has brought, besidos
the mails, 173 pasesogers, and one million and a
half dollars in specie on freight.
The Royal Mail steam-ship Asia, hence on the 17th
nit, arrived at Boston on the 31st.
At the departure of the steamer business was mode-
rate, money easy, and stocks dull.
The last dates from Calfornia are to March 9, with
500,000 dole. in gold dust.
Several failures are announced, but no further
resumption.
We are sorry to report that at the election riots at
Cincinnati many persons were killed and wounded,
and a number of British recruits were arrested at
Philadelphia.
The breadstuff market, owing to the light sup-
plies, kept up its priest.
Rather higher rates were obtained in the provision
market.
The cotton market was dull, and loyrer.

Freights continue very low.
Exchange on London, 110; ditto on Paris, MO
to 5.13 j.

THE NEW LOAN.

Tii sew Government Loan floes not appear to be
very attractive to the dealers in such commodities.
The Stock Exchange is shy of it; few, or rather no
fishy evince a disposition to bite. Bone complain of
tY complexity of the proposed arrangement, and
Asp that a loan contracted upon a creation of
Oesteols only would be preferable, as in that can
they could see their way more clearly. Others dis-
approve of the determination to confine the bidding*
is the whole amount, as having a tendency to dis-
miss, competition, by throwing the lioo's share of
droprotlu into the hands of some oue great capitalist
eft asisiatira et capitalists. On these allegations
he weeds of Sir Roger de Cowley,
ray be said on both sides." It may not, there-
for*, be molests to consider dispassionately what can
be alleged "on both sides," even though it should be
impossible, at the present stags of the discussion, to
arrive at a positive onclasioa.
The advocates of uniformity may be divided into
two classes : of those one insists that the Loan ought
to be raised by the creation of Terminable Annuities;
the other, that it should be raised by an emission of
Three per Cents. With regard to the Terminable
Annuities, the objection appears to be fatal, that they
are a commodity little in request in the market. It
eannot be too constantly kept In view, in nosh
discussions, that there are Stock-jobbers and
Contractors to be consulted, as well as in-
pnians calculations to be made. Any new
kind of stock attempted to be introduced on the
Stock Exchange must be *sackcloth at all times,
and to any extent. Now, experience proves that
Annuities uniformly fetch a lower price than Consuls,
and that, consequently, to borrow upon them is to
borrow at a dearer rate. The advocates of an oasis-
sioa of Three per Cute. only as the means of raising
the loan rest their ease upon this fact. They say
that Three per Chats. being undeniably the most
marketable commodity on 'Change, money um ob-
viously be raised by adding to their meant mere
cheaply than in any other way. Why, they uk,
complicate the matter, by introducing the hetero-
peens element of a certain amount of Terminable
&outsides P We are not in the comes% of
Sir fisoncs COMIWALL 14111/11, but we think we can
" conjecture what might be his answer w thi, (maim 1
He might allege alio as the Lou U NOM to usbk as