The Express.
London, England, 1847-02-16 00:00:00

ARRIVAL OF THE HIBERNIA.

The North American steamer, Hibernia, Captain
Kyrie, arrived at Liverpool yesterday morning,
bringing news from Boston to the Ist fast, and from
Halifax to the 3rd.

There had been no battle in Mexico, nor was there

any likelihood of one. The report of Santa Anna's
movements was a false one • and an opinion gained
ground in America that he had no such resources in
material and cavalry as those alleged. The following
is the latest aocountwhich is given in the IVoshington
Union:

MONTIREY, Dec. 24, 1846.-1 send you a few lines by
Major Van Buren, who leaver in half en hour for New
Orleans. We have had something of a stampied throughout
this district last week, occasioned by a letter from General
Worth, who received information that Santa Anna was
bearing down upon him with great strength. This, how-
ever, appears not to have been the ease, and we are again
enjoying a feeling of security. The effect produced is,
nevertheless, good ; for it has caused some 5,000 troops to
be concentrated near Sakai°. Generals Wool and Worth
are there, and General Butler exercising chief command.
General Taylor has again left ua with the division of Toiggs
for Victoria. After going as far as Montemorelos, 60 miles,
General Wentworth's letter brought trim beck to this place,
but he did not remain long witn us. This place mazy be
considered safe from any probable attack.
The New Yurk Erpress says :
It now appears that the movement of Mexican troops
towards Ssltallo, was not the main body of Santa Anna's
army, but a small detachment, which rumour swelled into a
general advance of the whole Mexican force, prior to a deci-
sive battle. Since that time we have had a rumour of an

engagement between General Quitman's division and some
Mi mean troops, near 'Victoria, but it is not credited, and all
our military mei entente are more in doubt than ever.

The inactivity of Santa Anna occasioned strong
surmises that he was not in earnest in his hostility to
the Americans, and only desired to put himself in a
position of strength with the army, in order to o :er-
awe his own capital.
The dates from the city of Mexico were up to the
close of December, and although the Congress assem-
bled there in the beginning of the month, it does not
appear that the proposals for negotiation instead of
war, had been disposed of, even, if they had been
considered at all. "We have," • says the New
York Gassier and Inquirer, "received by the
way of Havana and New Orleans, a rumour
that these pacific overtures had been rejected,
by a large majority, and that war was resolved
on while a single American battalion occu-
pied Mexican soil. However probable this result— I
and we deem it highly so—there is no reliable account
that it has been determined on. The election of
Santa Anna, president ad interim, and of Gomez
Ferias, as vice-president, both to hold until a popular
election under a constitution yet to be adopted, shall
occur, indicates a settled purpose to fight rather than
treat. Gomez Ferias took the oath of office" on the
24th of December, as vice-president and acting presi-
dent, Santa Anna being absent with the army. On
this occasion he pledged himself solemnly to continue
the war with vigour and constancy till the country
was freed from the invaders."
In the mtan time great activity prevailed on the'
side of the Americans. The blockade of the Mexi-
can coast wee rigidly enforced, and the materials of
war were being despatched from New Orleans to the
army. A communication from that city appeared in a
Charleston paper, which seemed to emanate from a mili-
tary source, and which stated that a march would be
made direct upon Mexico by Gen. Scott. "The distance
is only 250 miles, and the road is said to present no
serious obstacles to the march of troops. Gen. Scott
will advance at once on San Luis Potosi, simulta-
neously with the Tuepan movement. It is supposed
that Santa Anna will not fight at Potosi,when he finds
9,000 men advancing from Tampon, but will fall back
on Queretaro, end thence to Tulancingo, to oppose
our advance from Tuepan. At this point he can make
a strong stand. But here the double howitzer brigade
will act with great efficiency."
Congress had passed the new loan and treasury bill,
and both had been signed by the President. The
Express says :
These bills authorise the issue of twenty-eight millions of
government paper, bearing a rote of interest not over its
per cent. These notes will be paid out in all directions, end
the funding of our war debt, and the provision of means for
its repayment, left to store quiet times, and, in all proba-
bility to another administration. The new Note and Loan
Bill is of a mixed character, and enables the treasury to ob.
rain the money for the use of the government upon more
favourable terms than by a loan. Ike law allows the issue
of notes at small as fifty dollars, and at a rate not exceeding
air per cent. The notes, after a certain thee, as ae
be funded, and the accruing isteseit 1i in wary.
These notes will become • eirculatleg enrreney, add
will increase to their amount the business narrow of the
country. The revenue from the tariff is not saddlsetory to
the administration, and from present appearances the duties
will be increased on many leading articles. It is stated that
the secretary will ask for an increase of ten per cent. on
iron, and a reduction of ten per cent. on small manufactures
of iron, and an advance of thirty per cent. on refined surer,
with a tax of twenty per cent. upon tea and coffee. I'h•
success of the request is, as we have before said, doubtful;
for the tariff once opened, it would be altered much more
than the administration would care to have it.
The angrier and Enquirer adds,
An amendment was made in the Senate—which has been
concurred in by the house--to the bill as it panted the house,
taking from the Secretary of the Treasury the authority
given hint by the 4th section, to hypothecate three notes as
security fir borrowing money. He is forbidden now to hy-
pothecate them under any circumstances. As these Trea-
sury notes, when of small size, will be a very convenient
currency,of equal value throughout all the states, and as they
are payable to all public creditors, who must take them, or
abide their time for payment in some other form—it seems
reasonable to suppose that, if due caution be observed in the
issue of such notes, a considerable amount of them may be
put out and circulated without depreciation. The other
feature, too, in these notes, of being convertible at will into
a six per cent. stock of long term—while drawing until 60
converted six per cent. interest, will render them favourites
for investments of floating capital always in the market
awaiting profitable employment. Peace with Mexico, at any
time before the redemption of these notes, would at once
carry up stocks, and thus make a good operation for those
who should fund the notes held by them.
The Ten Regiments Bill was still before Con-
gress, and it appears from sundry discussions that
the rejecton of lieut.-general was not out of hos-
tility to government, but from the circumstance that
he was to be a civilian—a kind of political superin-
tendent. Pending the debate on the bill, a private
letter waspublished in New York, from General
Taylor, justifying himself, and censuring the admi-
nistration. t was written to, and made public by,
General Gaines, to be used, it was conjectured, for
" political capital."
Congresshas been alsooecupied by cert sin resolutions
prop )sed by Mr. Miles, declaring the necessity of an
additional revenue of from five to ten millions; pro-
posing to raise this sum by increase of duties on
articles of the tariff of 1846, and including tea and
coffee. A bill was brought in for creating the office
• '..-•*-,e•eretary of state, to relieve the secretary

Sots.. Misuse= .....
Same Moe b 110-11.••
Da. 1643.8...
Do. 114.1-4
"

1011 13 424 08, 81.
1110 It 3121 9601 82
03 19 1137 l$& 47i
14$ 110 1193 110, 39
1431 Sal 4441 786 3I
36, 211 011 211.4
29 41 111, 24
43 31, 192' 246
25 3. 1071 2311
39, 19 289 3311
231 l2l 1711 2341

18423::

Do. 18414..
(180-7
Doling the four I 18434 •
weeks codoig j 18144
Y in theslavelll4.l-4 .
118 W
1841-2 ..

The above tables aze made up to Use tame ltaturday at all Southern
=We mn no longer my that Me reeelpte and errata of the
weeks (betvreen the steamers) fall short of thole In the awry.
wading week. of former mamas. The reseipts of the bar weeks
exceed those or .11 the Lot lee smarm except 1.842-43. Uwe made
up our tables to the /stem dates from the mush foe this meson mid
sorreeponding data foe former ammo" they would stand thus:—
1415-7. 11123.8. 18.14.5.
Receipts
Export to Cheat Britain
bhowlng that both receipts and expiate are gxiaing upon last sea
There has been much speculation bore of tote, end on irregularity
of perm, which makes quotation difficult ; but middling qualities of
Uplands grileans e
and Irir. sornewliem
The kaaia rftween 12Lda 13) (ethn
tion ical:.
the expectation of room favourable accounta the Treen Europe ! but we
apprehend the deficiency in the export of our season so fiefs chiefly
regiirded, and the probable import of Europe in its year, lost sight
of. Thus:
1846-7. 1643.6.
To Gt. Britain. France. Gt. Britain. France.
Exports as above 211 46 338 101
Of whlctithemarrived in
Europe up to Dee. 31 48

20 1O

To arrive after Jan. t... 165 67 175 on
Tug ..e see that. although the export of our mown 4 very de-
fiant, the arrivals is Liverpool and Ram together from lot January
to the aid of February, are unlikely to fall more than .5,000 or 10,000
bales shurt of laet year. As respects the crop, we can only my th►t
the astlzoltes have risen is the lad ten cap, but we cannot vet feel
any covlltienee in mom than two millions of bake—perhapo rather
under than over that amount, but ewe day givie information on this
point. The amount of experts of flour, corn, corn Will. wheat,
and barley, from this port glow 25th Dec. up to 79th Wet., wi—
nner. Dors. Meal. Wheat. Parley.
105,060 Mb. 459,105 ho. lk 500 LAMA. 55,060 Inc. 40,5015 bc.