The Express.
London, England, 1847-10-29 00:00:00

COMMERCIAL INTELLIGENCE.

New Yoatlt, L-r he r tend.
tog downwards. Bills on London range from 9to 91, tie la,: being
dincult to obtain. Flank of England notes to a con-u:. ,meant
were mid at rates varying from 9to 91 and 91. On Pare, MR.
mind 5.23. The next name packet for Havre will carry not from
150,000 dol.. to 200.990 dots. ia Myer. some Mesh an, mootly French.
There is leas doing in exchange for this packet than by reason
in part of the nearness of the next ',Learner from England. r,w eleven
days oat and the apprehension that she may bring tiding. of addi-
tional failure.. This apprehension prevent., it is probau:e. the oiler.
log of many bills in the market, which the parties here aic not wdliag
to negotiate. until they hare the insurance by the next packet, that
their conctituents on the other side stand. The last futtnight that has
elapsed hat witurnsed a considerable fall in our stack market, as the
&owned comparatiretable of some of the chief !locks will snow:

Prlcesion Sept. 30. Prices on Oct. 15.
Treasury notes 1 11, I i prem.
Ohio G's
Keatueliy G's
Penile .s's
Indiana bonds
Reading bonds
Reeding stock
Illinola special 421. 121,"13C..
The tatter overthrow of any near prospec. t of lean w.i' taciant to
the great fall in Treasury Nato.; while the slight il^t!ine in Ohio,
and the larger decline in Pennsylvania, may be accounted farm part
by the stock pressed upon the market, ar• well from abluel as from
some of the neighbouring cities which had fallen in debt to New York,
and did not care about bethgcalled upon to pay up in pperte.
New Tone, Oc-r. 14.-The market for flour continued
steady at the late improvement, and under a regular demand for the
Emit, the market closed tolerable firm at yesterday's quo:ulna. There
was said to be some scarcity in kutern vessels, in toti.equessee of
which sates were rather limited. The smashes of en: • Mat con.
tinned light and the market firm, with moderate sales at full priced.
Corn was firmer, and oaks were made at a slight advance on tester.
des 's prime. Rye and oats remained about the mane. There nu
something more doing in pork, I articular' of which Nt ill be found be.
low. There was a fair amount of business doing In coffee and sugar,
without material change in prima.
BRIALR.II,I N.-Flour : Garth( the forenoon and the earlr part of
Thaw, sales of 5,000 to 0,000 barrels, in separate lots, we're made,
consisting chiefly of new and froth ground Genessee, at 0 dole- 371 x.
to 6 dol.. Pc. During 'Change mall oda continued to lo made at
the same 110rie.n. inehellng some 1,200 brls.fsecybrands a: 5 d015.75e.
to 7 dole.; 1,00 do. Oswego new were mild at f dole. 4,k., and 300
do. Akron, Ohio, ex•ra, at 7 don.; Southern was tiros, and good sew
Georgetown and Baltimore brands were held ut 6 dole. 50c.; aIM
of our soil at G dole. 50e. to 0 dol.. 021 e. Wheat • A small We
of 300 bushes western red was made at 1 dol. 30c 1,000 do.
Ohio mixed were made at the PAMe price and 1,500 to
1,000 bashets western damaged or musty red at I del. 10e.
Corn: Sales of 10,000 to 15,000 bushels were mole in the
coarse of the forenoon and diving 'Change at 72c. for western mind,
and 75c. for good yellow; 2,001 do. New Orleans eligliCy damn
sold at 701 e. The market closed firm. Meal :.Cabs of bele. good
New York were made at 3 dole. 121 e. Rye continued firm at Sk. to
are., the selling price+ of yesterday. Oat• exhibited souse increased
degree of firmness, and good canal wen held at sfe.
Cos-res.-Mk soles to.day amounted to 1,000 bake; price+ am
steady, and the market is well eau plied by holden.
Oct. IS, 12 o'clock, M.-Corros.-There appears to be but lade
animation In the market; the sales, thus far today, do not cured
SOO bake. Should the present cold weather extend to the south,
holders will decline selling at present rate& We qt• ate :
Uplands Sr Florida. Yob. &N. Orleans.
Inferior none. Sc. to e.
Ord. to good ordSir. 10c. 9is- to &
Mid. to good mid,
Mid. fair to fair . -. . 1 e. to 11 e. 11 e. to 11 &
Puny fair to goodilsk
Pine
Pthen.-The recipe' yeslerday were neark all sold precious to
arrival; the market Year, Sens at 6,50 dole. for new Michigan, Ge.
name, ece. Extra limas are in demand at 7 dots. ; 1,000 leis. Hiram
Smith' brought 7,23 shis. • Southern Flour is firm amt in fair request
at 0,56 dole. Is ; Meal steady at 3to 3,25 slob. for Western, and 3,23
to 3,75 dole. far Jerky and Brandywine. sides of yellow flat Corn
have born made at 75e. ; mixed lots range from • 2e. to 73e.
PROVIIII.I. we Inectice. Men Pork, 14 dots. 2k. to II dols. 3704
Prime, 10 dots. 30c. Lard le in fair request at 1016. to lice., in brio.
and keg t, Cheese, 61e. to 71c.
Ferman. --The rates 0/freight are, to Liverpool, f.-r Cotton, 1.0 to
3-16 d. per lb. . • Flour and Turpentine, Is. 3d. to Is. 6d. per bed. •
Grain, Gd. to 7d. per bushel. To London, 2s. 6d. per bet, for Flour,
and other articles in proportion. To Havre, for Cotton, id. per
lb. ; Flour, 70 cents per ML ; Ashes, S dols. to 10 dole. per ton; Rioe,
10 dna per ton.
ALBANY, Ocr. 14.-Flour: the market war firm, 6 dole.
370. to 6 dole. 437 e. to 0 slobs. 50c. asked ; tales were light. Wheat
No sales of moment were reported, while the market continued firm.
Coen Sales of 5,000 Mohan were made, =misting of mined, at 72e.,
and of good round yellow at 74e. Barley : Sales of about 5,000 bushels
were made at 7k. to 74c. Whisky continues firm. Receipts by
canal daring the preceding 21 hours were as (Mows flour. 12,100
Mk; men, 13,300 bushels; barley, 10,600 bushels. Freights: No
alteration.

•••••.-• ••••••••
BOSTON, OCT. 14.—Flour : The market continued firm,
and Wes of 3,000 brie. were node, consisting of good Western.
Genesee, and Southern new and fresh ground brands at a dols. 15:. to
data. 074 e. -Corn: The market cootinurd Ore,, and aides sf about
10,000 bemets were made, =Mating of mined and i 4e., and :of good
yellow at 73e. Oat.: Bales of 3,000 bushels were made at 54e. Itye
was Oren. Provisions ablbited little change, and We of pock were
light. We note sales of about 500 bete. old mow beef at 12 dots. Good
lard was held at 12 c. In kegs. Lead was held at i dols. 42 In
freights, rates were about the same.

TO LORD HOWDEN,

CHARGED WITH THE ARRANGEMENT OF TIM
RIVER PLATE QUESTION.

Monte Video, July 19, 1847.
MY LORD,—I presume that in your capacity as a British
peer, you cannot wonder that I, in mine as a public writer,
should address you this letter relative to acts, both public
and official, connected with the mission which brought you
to the river Plate. You belong, my lord, to a country
where the press exercises the most elevated ministry that 6
known ; where commerce and the aristocracy, prince. and
the parliament, the church and state, are alike subject to that
omnipotent jurisdiction, whether it be exercised in the grave
and severe tribunal of Junius, or on the popular bench of
the no less implacable Punch. For these reasons, it ought
not to appear strange to you, my lord, that I should discuss
with you documents which bear your signature, and which
are already in possession of the public. The official note.
which you addressed to Commodore Sir Thomas Herbert,
under date of 15th inst., and which I publish together with
this letter, expreses the immediate and ostensible metiers
which induced you to adopt the important resolution of to-
tally separating the policy and action of your government,
from the action and policy of the French, in the Plate ques-
tion. Those motives, my lord, are insufficient, are bad.
Permit me to demonstrate to you the fact. On find-
ing you transcribe literally a paragraph from your
instruction'', it would be supposed that you quoted
it to bear you out in the grave measure you thought
proper to adopt. Such is not, however, the case. The
paragraph which you copy does not contain, nor do you
give it, the slightest connexion with the raising of the
blockade, nor with the retirement of Great Britain from the
intervention. You have cited it merely to justify the act
of your having addressed Don Manuel Oribe with proposals
for an armistice. But an armistice, my lord, is always, and
under all circumstances, a convention of a simply military
character. Therefore, even though your instructions con-
r,;!ned such clause, you could have proposed the armia-
lice to whomsoever taus:-
ht be the commander-in-chief of the
forces opposed to those of the overnme,:: of this republic.
Meanwhile, my lord, you have done a yea; service to the
CAWS of truth, and, consequently, to that of Deuce, by
publishing that paragraph in your instructions. Its tenor,
and what you express in your note, with regard to the cha-
racter of legal president, which Don Manuel Oribe assumes,
have been the means of clearing up all doubts on the matter.
For, my lord, what this paragraph signifies is evident.
Lord Palmerston was aware of the difficulties which Don
Manuel Oribe's pretensions to the character he assumes
presented during Mr. Hood's mission. He did not wish—
for he was unable—to recognise in him any such character;
and he then endeavoured to avoid the difficulty, by permit-
ing you, my lord, to treat with Gen. Oribe as a ample military
chief, without involving any idea of a recognition of
rights. In this manner Lord Palmenton sought to avoid
sacrificing to the form the essence of the negotiation.
This paragraph, therefore, removes all doubt that the
mediating governments ever committed the inconsistency
whisk was auslbalsd to them in Buenos Ayres and the

destegffigag is Don Manuel Oribe the character
▪ „,'enuenoes And, in this sense, 'sty lord, we thank
the —pu- •on of this portion of your instructions.
for
fa-,, igloos us that "you pro teed a fair and honourable
tiK to the government of orate Video and to General
ww- now me to observe, that this phrase gives a
e innecui‘ te idea of what has occurred. The armistice
mw"eeetneogplosed to General Oribe; with him the two
ww_.eet is discussed the propositions ; the negotia-
heter---in"t-hule Cerrito, both as to the form and the
rod substance
throe or,
four dayspropositions
Toe were presented to th • a.
vermouth su quent y mammon wi—
W tys g° 1 Oribe
werethey were het discussed with this go.
• moue
they not proposed personally, nor even in
..""offi-ew• 'form; and I trust, my you will have no
c- It, in admitting that, by the wording of your note, it
d he jeopowible to comprehend that this affair has hum
..„-,1.„ I have just stated. Permit me here to add,
thew-t-sroteeie youal did not hesitate to going personally to propose
„adors the terms of the trmistioe with General °ribs,
erith -.bola your instructions direct you to treat solely in the
f a military chief, it would have been fair and
chsewterv:., pubory, my Lord Howden,—to have shown
iiisdliCediteference towards a government fully recognised as
eeth he your own, and to which you yourself came accredited
„ehtpany. This would, in reality, have been fair and
honourable, at least in form.
ion classify the armistice m fair and honourable, and you do
pot hesitate in saying that it was advantageous to the interests
of goeteVoleo. But in making this statement in an official
rote, you only call to mind one condition of the armistice;
the only one which you considered favourable to this
• ent ; and you are silent on the rest. It appears to
sy" my lord—at host according to my own maxims of
ruitv,'of morality, and of sound sense—that in order to
brm .a
correct opinion of the nature of any compact, it is
to be acquainted with all its conditions. If you
eehs such as are fivourahle to the one part, and conceal
ogee which are adverse, who can judge if the compact is fair
sad becounible, or fatal and humiliating ?
all its conditions, you have not
Nevertheless, knowing
hesitated to say that the armistice was advantageous to the
iatereels of Monte Video. You are new, my lord, in the
River Plate you have passed six weeks in Buenos Ayres,
astorally recessing your information from the inhabitants of
that city; whilst you have been. but four or five hours in
Monte Video, during which time you have—if we may
credit what is publicly affirmed—thought it proper to
decline any interview, even with your own countrymen.
It is not, therefore, to be wondered at that you labour under
mon extraordinary mistakes and fundamental errors with
vegud to the affairs and persons in Monte Video. This is
not your fault, my lord, and I therefore beg you will permit
me to disabuse you of some of those errors. The armistice
which you considered fair and honourable, and advan-
tageous to Monte Video, was essentially unfair and ruinous,
You mention u a great advantage the monthly supplying
of 1,500 head of cattle, to be provided by General Oribe.
year 1846 there were imported by
But, my lord, in the
water into Monte Video 11,220 head of horned rattle,
12,000 sheep, and 1,131 hogs. During the six months that
have transpired of this year there have been imported 4 871
head of horned cattle, 5,361 sheep, and 500 hogs. This is
the number declared for the payment of import duty ;
the actual amount is, naturally, somewhat larger. The
cumber of fowls imported by water amounts to some hun-
dreds of thousands. These facto, which are proved
from documents periodically published, will show to you,
my lord, that the condition of delivering 1,600 head of
nude monthly is far from possessing the importance which
you appear to have attached to it. This was, nevertheless,
the only favourable condition of the armistice. But at what
price was this condition offered to the government ? That
of raising the blockade of Buenos Ayres, of the Buseo, and
the other ports occupied by General Oribe. Have the con-
sequences of such concession been explained to you, my
lord• They cannot have been for, had you understood
them, they would never have been proposed by you. It
affords me much pleasure to have the honour of explaining
them.
The products of the cattle which cover the plains of this
country form, in ordinary times, the staple of exports from
Monte Video ; and the articles which are consumed in the
concurs, being received from abroad into this port, and
berm *distributed through the interior, maintain the import
tide. The armistice opened General Oribe's port in the
Bases, keeping however closed all and every communication
between Monte Video and the open country. The natural
and inevitable consequence would ha the exportation of all
the produce of the country, and the importation of all the
goods consumed in it, through the Buseo. Not a single
woe, would come to Monte Video, since there would be
nothing to export, nor sufficient consumers fur the goods
imported. General Oribe, in the meanwhile, would, by the
simple proclamation of an armistice, acquire the whole Qom.
mem of the republic.
This, ray lord, is but little. You are aware, officially,
that Don Manuel Oribe has confiscated, by decrees solemnly
published, the estancias (estates) of all his political enemies.
Previous to the blockade of the Buses, he exported through
that channel many thousands of hides and other produce of
the confiscated (standar. The blockade of that port, and
the orders issued by the Brazilian government, that all cattle
introduced through the frontier of Rio Grande by General
Oribe should he returned to those who could prove
them to be their legitimate property, put a stop, in
a great measure, to the Vandalic destruction of that pro-
perty, of which Oribe disposes in such an arbitrary man-
ner. If a channel is opened fur him, which he does not '
new possess, for exporting the produce of those estanciar,
do you not perceive, my lord, the inevitable consequences?
Oribe would bring the cattle to this town from these very
=lncited triclours, for which their owners would have
to
lull off, during t
y; •rid, moreover,,e s
he
monthswoulel make
the armistice, e all possible haste
tothe
largest possible number of cattle, in order to export as
much as he could, before the Buseo was again dosed as
a port. This, my lord, is palpably evident. Should you
doubt that such is the usual conduct, the political and
commercial maxim of bon Manuel Oribe, permit me to
inform you, that amongst the documents presented by the
Brazilian Minister of Foreign Affairs to the Chambers, on
sth May of this year, you will find an official corre-
spondence, in which the minister plenipotentiary of Rosen
asserted that the imperial government is under the obligation
of permitting General Oribe to sell in Rio Grande the cattle
of the confiscated estancins, even though they be claimed by
their owners; and he demands that orders should be issued
to that effect. This official fact will prove to you, my lord,
what General Oribe would do with the confiscated estancias,
were the port of the Buseo opened to him.
You have not come, however, to the River Plate, I venture
to believe and to affirm it, to encourage the depredation of
contheated property by Oribe ; but, on the contrary, to re-
gain that such abominable sequestrations be raised, and
private property duly respected. Do net forget, my lord,
that many estanciaa in this country belong to British sub-
jects; nor that those natives whose property is confiscated by
General Oribe are the mutt purchasers of the manufactures
imported by your countrymen, to whom they are cons--
gently debtors for them. Allow General Oribe to ruin
these, and you will have ruined, in proportion, the commer-
cial interests of your own countrymen.
These, my lord, will he the consequences of raising the
blockade of the Buses. You yourself can now judge whether
the government of this republic, charged, on the one band,
with its defence, and on the other with the protection of the
property of its citizen,, could consider advantageous, or
could have accepted an armistice, which would completely
dry up the fountain of its resources, creating at the same
time an abundant revenue for its enemy ; and would, be-
tides, afford him the facility, which he does not now ponsese,
of destroying and exporting the property which he has con-
fiscated. Add to this the advantages which would accrue to
the dictator of Buenos Ayres, the enemy of this republic,
from the raising of the blockade of that port—advantages for
which he gives nothing in exchange—and then say again, my
lord, that 1,500 head of cattle, for which payment re to be
made, is an adequate compensation ; say whether you still
consider each an armistice a fair, honourable, and advan.-
impetus treaty.
It is necessary here to take breath : I, to continue to my-
sell the honour of writing to you ; and you, my lord, to do
me that of perusing what I have still to write. Your com-
nanication to Sir Thomas Herbert embraces other points
more important even than those already examined. On
them you will, I hope, permit me to address to you to-mor-
row another letter, which, I trust, will have the good foe-
tus of coming to your hands previous to your departure
bum our port.
Meanwhile, I have the honour to be, my lord, your most
obedient servant, Tan PRINCIPAL EDITOR OF THI COMO?,
tiO tie la Plata.