The Express.
London, England, 1862-02-12 00:00:00

TEST TELLIGIENCE.

, (azoinee wawa)
AMERICA.
NEW YORK, JAN. Si, MORNING.
(Pm North American by telegraph to Portland and
from Londonderry.)

The New York Times refea; to Mr. Seward's
despatch of November 30 to Mr. Adams not
having been made public in England, and
sees in this fact a determination on the
part of the English ministry to put England
on a war footiag. The New York Times adds, that
"with such evidences of ill faith and undisguised
hostility, we may put a proper construction upon
the amicable tone of Earl Russell's despatches, and
arm ourselves for the worst contingencies."
The Federals are concentrating their forces at
Lebanon, 40 miles from Springfield, for another
chase alter General Price.
Six vessels have been sunk in Maffitt's Channel,
Charleston. Eight more will be sunk immediately. I
Mr. Cox has said in Congress that the attacks on
General M'Clellau arose because the general would
not make the war an abolition war. " Happily,"
said Mr. Cox, " I can announce that no abolition
or confiscation measure can pass the present
Congress."
Rumours are current of the resignation of the
Secretary of the Navy.
The New York Herald publishes despatches from
1 Southern journals, stating that the Federal fleet
occupy the south end of Wilmington Island, thus
.

cutting off the communication between Fort
Pulaski and Savannah. Fort Pulaski has, however,
six months' provisions. A Richmond despatch
endeavours to prove that the occupation of this
point does not cut off the communication at all.

NEW YORK, FEB. 1, MORNING.

•
The New York papers take an unfavourable view
of the rumoured European intervention in American
affairs.

The New York Herald considers that an inter-
vention would cause strife to extend all over
Europe as well as in America.
The New York Times justifies the sinking of
vessels at Charleston, and says that the harbour
is not destroyed, as new channels will form them-
selves with the shifting sands. "In any case, the
European powers have no business to protest."
The same journal further states that the opinion
is, commercially, that an attempt by the European
powers for a friendly intervention, though scarcely
practicable in the present state of the rebellion,
would not necessarily produce financial mischief.
The Journal of Commerce says :—" Federal mili-
tary movements will shortly display such force as
will surpass anything that the European powers
have an idea of. European criticisms will then
change, and the strength of the Federal government
will be acknowledged."
General Beauregard, with 15,000 men, has left
for Kentucky. President Jefferson Davis will
command at Manassas.

Four federal steamers and three sailing veaaela
are on the look out for the Sumter. The New

York Times says that if the Nashville has been
purchased in England, her Northern owners still
have claims against her.
A Richmond despatch affirms that England will
yet acknowledge the South and break the blockade.
The Anglo-Saxon, Africa, and Bavaria have
arrived out.

COMMERCIAL INTELLIGENCE.
NEW YORK, Frs. 1, Momaso.
Exchange nominal, but tending downwards.
Bankers' bills, 113.
Gold, 3 to 4 per cent. premium.
Fears et European intervention in American
affairs caused great excitement in the stook market
this morning, and a general fall of at least 2 per
cent.

New York Centrals are quoted 82g ; Erie, 33 ;
Illinois, GO.

LATEST.

NEW YORK, Fn. 1, TWO F.M.
Money abundant. Breadstuff* firm.
The first stock board closed slightly firmer.
Erie, 34 ; New York Central, 82g.

RUSSIA.

The Russian journals look upon the budget
which has just been published as a very important
reform : _ .

- -
Everyone knows (says the Journal de St. Petersboury)
that our finances are in an unsatisfactory situation. Many
projects have been formed to get out of this embarrassing
situation, but the measures taken have all been insuf-
ficient. 'I ne muses of that want of success is well
known, the amelioration of the public finance being
impossible althout a complete confidence both at
home and abroad. Kuria possesses gigantic mate-
rial resources, and in whatever embarrassment the
Treasury may be thrown, ruin and bankruptcy are never
to be flared ; but want of wtifidence paralyses the efforts
of the government to ameliorate the situation. The publi-
cation of the budget will prove the purity of the intentions
of the government and throw a light oa the situation of
the Treasury. For that reason we look upon the publica-
tion of the budget alone as an important reform, capable
in itself of extricating us from the financial difficulty which
was becoming greater and greater.