The Express.
London, England, 1862-01-13 00:00:00

THE EXPRESS, MONDAY RVENING, JANU.

of strait on the public spirit and of the
people red goverment. has been
the main resource ot the Federal Eitgivs. On
former occasions we have dwelt ithi statistics
of the foreign trade of America as earwig to show
bow, by realising her stores of produce eel her
other emote, and by at the same time *mu*
cutting off her foreign outlay, she New
*aided in attracting from abroad a *OW
et wealth in its most tangible farm. The
beideses and capitalists of the Union have
theadep been enabled hitherto to carry the
awry tares which the Government from time to
tile have been obliged to place upon the aseast.
The Banks, encouraged by the large acconsubdien
et bullion accruing from the change in the foreign
leads, have managed affairs in a sweeer most
makable to them. They have respelled eddy
Is the appeal of the Executive, and have Maisel
bum the hens until the more slowly-movies
011ie hive come partially to relieve them. Bee
the war charges are now growing so onerous lived
Shoe arrangements will no longer suffice. By
a learnt statement we gather that the asso-
shied Banks have now advanced to the
Government a total of 140,000,000 dole., or
my (in round numbers) 28,000,0001., and have
Neared back, through sales of new stock to the
Clisabout 38,000,000 dole., or 7,600,0001.
imat sum advanced by them is therefore as
awes as 72,000,000 dole., or 14,400,0001. They
ham, further, agreed to furnish 90,000,000 doh.,
sr 6,000,0001., which will make an aggregate of
10,400,000 i. advanced, as the figures now steed.
Err, its scarcely neon eery to observe that this
lune sees regneents a heavy tad* for the
Dabs to have leessred. It regionsels oleo at this
uremia the whole at their undated*, IkarT
es it Is, however, we believe it is mil mliniall
Is ow the Government with ease mush legend
Ile saddle of the present math. The Govenmestel
Nis true, have yet on head 50,000,000 dela, or
10,000,0001. of "deemed Tummy aelse,n and may
say on these to carry them ce kept, though their
ism may imam some dilleallp. Latterly, the
sebseriptions to the loses from the public have
lined, some peat sulk, enema bang per-
begs required to give these a reamed Mirka.
The aseociatedßanks accordingly proposed to take
the lest 50,000,000 dots. in the form of bonds
imitable for the European market. But the Euro-
pese market has been amid against them by the
oak a the Treat, einabiaed with the repadielke
theories eta few tmosupedois if net treasonable
ewes in the New York pm. The =rival of
affairs at this stage has beet marked by
eonferences between Oa Treasury depart-
Mint and the Beam, by the rumour c/
a probable surpooske at spode payments by the
bitter, and, as a natural consequence, by some
rather large withdrawals of Sped, from the Beals
by the public. It is believed, in fact, that the
question of the expediency of au immediate resort
to an irredeemable paper currency is being seri-
ously discussed. The maintenance of specie pay-
ments is surrounded with many difficulties at pre-
emie. The foreign exchanges have become adverse,
led this is causing some shipments of gold to
Imp. What is at present more important, the
mere of the internal exchanges is against the
Eastern States of the Union and in favour of the
Western. The effect is to draw away
min from the peat depositories in New
York and the other Eastern cities, where
the present stock is required as a basis ot coa-
-1 dem for the large financial operatioas of the
Gomement. The time has therefore arrived when,
Nig that the Beaks still hold a large epode re-
sem, a held loved policy, involving a complete
*ism sod even what most people wall emider, ,
the ilsesesi into an irredeemable paper enreenoy,
whit 614 army advocates on the spot, as the best
memo et tiding over a national crisis. When
once this plan shall have been decided on, the
course of affairs will be comparatively easy.
Its evils are patent to every one, and
the weight it will entail in the future
will be extremely heavy ; but America at the mo-
ment is not thinking of these points, but merely
of the bed means of persevering with the task she
has taken in hand.

Our readers may find interest in this (as we
believe) fair and impartial sketch of the positoa
of the Fedirsl fineness, bemuse the mere dream-
stance of the American Government seriously eon-
tomplating a suspension of specie payments by the
Banks and the bane of an irredeemable currency
affords a pregnant proof of their resolute determi-
nation to press on the war at all costs. And that
we:, as we have shown, affects our home interests
so keenly, that its program, prospects, and financial
and other conditions cannot be watched too closely
by the commercial CUMIN in this country.

frbe Court.

OHBORNZ. JAB. It

Divine Service was performed at Osborne thin
waning before the Prince of Wales, Prince Arthur,
Primer Louise, Name Holtenlobe and Prince Lords ad
Hese►
The Ur. 0. ?ream officiated.

Despatch's •em ressivei yemberday at the Colombia...se
trait the Gannon el the Xemeltios, Malts, and Calheshar.

Mr. J. W. Loam Ocedi, assempaaied by • deputation
from the Netherlastis Oommierioe, bad an interview with
Mr. P. R. eandfacd„ Secretary to bar Majesty's COMMAS.
Maws for the lintsrmatiosal Exhibition of 1862, and trans-
acted business at Mork tam in the Strand, on Batanity.
Despatches were seat es Saturday from the Ociemisl-
calm to the Oevirmers of the North Amorists Provisoes,
Gibraltar, and YOU, and to the Lord WO Chreagasionsr
of tin looks lauds.

MOVRTINO /OR SKI LAIR ALMS CONSORT..

The fallowieg morel odor bee here herd ben the Hates
Gesetla Royal Hightiar Via Gomel Comeradieg-is.
CWf haa received the gores earresis te notify te the
amy that the memerei kw hie labs lard Risks= the
Prises Caron will abr. In the 17th d the art nark
whoa the fell rare* preeribed le the .acrd order d
the 18th elder wM be Mselereesd. Mr diens el the
army will, free the 17th lobroary, weer with theta
esiforma, a black (IWO need the left ere till the 10th
/Lark, whir the reentri are.

T 17e D•sI; i is IN ama Cosarini and her son, gm
Duo 41.14,1,,bnoarelved le lows ham Turin.

The 31;rgitis el fialisbary is sotseisising s shoot-
ing pony all Midi Saw" MOB. The marquis mei
ssurshiseess aM graft mama to lowa as the OW of mod
ass& tar the armas.

The Marquis sad Marchioness of Abercorn will
shortly have awes Ooart, county Tyro**, for Braeloit
Hall, Haata.

The Marquis and Marchioness of Bath have been
satertaisiag a salsa party at Lamellate, Wilts, during the
past week..

The Earl sod Comtism of Durham are expected
is tows es Weisteder mad from Labial Cast*
Dation.

Lord sad Lady Willoughby de Ersuby come to
tows Irsharrow, frame l'esway, ter tha sows.
Viscount Os.r has let the Cavendish Hotel,
howywdresi. brOmples !sew, Gloscisterobire,

Tits Hoe. Soddy-al Lars laas, Dublin. have
'leash larabre la I. wan et tl. Right Ma. P. O.
Oramploa. miser& Two araMialla mom pernisa--Mr.
W. Arra*. 40., Mime' the Ormagla bra and Ma
W. F. Deady, Q.C. Mr Alwatram 111111 ANSA by a am-
lora, Cl tw "Ara

LATIBT LNTEIiaICUDICS.
THE OVERLAND MAIL

I. \

cultivation. Tba quantity of
up to the resent year is
The crop of this year is lin
197,81811b4, and that for next season
Of 1001ba. of tea turned out by a °mbar
there are 51bs. of flowery Pekoe, 10 of orange Pekoe,
30 of Banchong, 40 of Bouohang, 10 of conga, and
sof dust. The average prices obtained for these
various kinds respectively are Ba. 5,3, 24, 1-8, and
1 respectively. Leaving a margin for contin-
gencies, every pound of Oachar tea mils for 25."

00101XliCIAL INTIILLIGENCIL
CALCUTTA, Dac. 16.
(By Telegraph to Point de Gana.)
Grey ebirtinge firm, but prices unchanged. Mule
twist dull and unchanged. Raw silk quiet. Indigo
active and prices advancing. Copper sheathing
dull and declining. Copper tile prices declining.
Hides, sugar, rice, and saltpetre advancing. Lin-
seed and jute firm. Shellac dull and prices un-
changed. rac.hange on London, 26.01 d. Government
aseweities, Four per Cents., 12 discount ; ditto
Mee per Cents., 2 discount. Freights active and
rates advancing.

BOMBAY, Duo. 14.
(By Tslymph te 08118.).

Cotton firm at advanced rates: Piece goads
quiet. Twist steady. Liaised in demand. Go-
vernment securities, Five per Cents., 974. Freights
quiet.

AUSTRALIA.

A NSW MINISTRY.

Melbourne papers of Nov. 26 report another
change of ministry. The Reales government, after
• struggle of twelve months, hays succumbed, and
a cabinet formed from a coalition of the leaders of
the opposition hold their places. The ministry were
defeated on their financial statement ; ostensibly
bemuse they sought to levy increased customs du-
ties and establish wharfage rates on all imported
goods for the general purposes of revenue. The pro-
posal to removes portion of the duty on tea and sugar,
and subject import. which interfered with home
_ _ _