The Express.
London, England, 1847-12-24 00:00:00

LATEST INTELLIGENCE.

THIS DAY, Four o'Clock.
UNITED STATES.

Ily the Isaac Wright, arrived yesterday at Liver-
pool, we have dates from New York to the 3rd inst.
She is reported to bring 250,0001. in specie.
There are no later accounts from the seat of war
in Mexico. The journals are solely occupied with tea
prospects of the approaching Congress, to asemble
on the 6th inst. The president's message, which would
be delivered on the 7th, and the Treasury report, warns
looked forward to with anxiety by the commereiW
community. The New York Herald has the follow-
ing, which, from its confident tone, looks almost
official:
The approaching week will be fraught with big events,
and give a complexion to financial and commercial affairs for
some time to come. In the present position of public
finances considerable anxiety exists to see the report of the
Secretary of the Treasury. Last year at this time every-
thing was doubt and confusion. The new tariff was about
commencing operations, and no one really knew what would
be the result. The most gloomy forebodings existed in the
minds of financiers and those engaged In commercial per-
mits relative to the resources of the government to carry on
the war, aad the estimates of the Secretary of the Treasury
were looked upon as being chimerical, while the expendi-
tures were magnified to an immense amount. Notwith-
standing these things, the Secretary was able to make
all the loans required, upon the most favourable terms,
and time has established the soundness of his posi-
tions, and shown the accuracy of his estimates.
We have no doubt but that the revenue system adopted re-
have to the customs of Mexico will occupy a very import-
ant part of the Treasury report, and the developments re-
garding the revenue already received, and *purees of
revenue for additional income, will astonish those who have
considered the Mexican war an immense burden upon the
Treasury department. The condition of the treasury rela-
tive to future ways and means to carry on the war will, we
feel confident, be such as to place government stocks in a
more favourable position then they now enjoy in the market.
The most erroneous and ridiculous statements have been put
forth by party organs, showing the indebtedness of the
government to be many millions beyond what it really is, and
what official returns show it to be; and the most gross
calculations have been made by the same parties, showing
the probable indebtedness of the government at stated times
hence, made for the purpose of increasing the political aspi.
tal of the party they represent. These statements have had
an injurious influence upon the market value of government
stocks, by frightening holders and inducing many to sell in
anticipation of purchasing again at lower pnces. The Secre-
tary of the Treasury's report will illustrate this fact, and in-
crease the confidence of holders in the value of their invest-
ments. Prices have fallen in anticipation of v.
vernment coming into the market, immediately after
the meeting of Congress, for a large loan. It s nary
doubtful about the government wanting • lsrge wen of
money immediately; the old loan has not yet bow need
up ; there is still • surplus in the hands of sub-treasurers,
which, with the revenue continually coming in, will meet
the expenditure for some time. It is not yet generally known
what plan the Secretary of the Treasury has perfected for
providing ways and means to meet the expenditures of the
government ; after his present resources are exhausted there
is no doubt hat that he will adopt some method that will
enable him to obtain any amount wanted, upon the most
favourable terms, without any derangement of the money
market, and without any depreciation in the real or market
value of the government stocks now in existence. It ap-
peers by official returns that the extraordinary expendi-
tures of the government during the past twenty
months have been nearly thirty millions of dollars. That
amount has been the cost of the war thus far, not paid out
of the regular and ordinary revenues of the treasury.
This amount has been raised by loans, an lame of treasury
notes, and by revenues from customs upon imports into
Mexico, The revenue derived from Mexico has as yet been
limited ; it is rapidly increasing, and under a proper sys-
tem, such as we think Mr. Walker capable of creating will
very soon be sufficient to meet the bulk of the expenditures
on account of the occupation of that country. The complete
and entire occupation of Mexico has ever been a favourite
measure of the present Secretary of the Treasury, end his
Soancial eystem will cover every source of revenue that
country is capable of producing. As the two countries are,
in fact, under one general government, it becomes the
duty of the Secretary of the Tressury to extend his juris-
diction over the whole territory, from the river St. John to
the Isthmus of Thuantepec, from the Atlantic to the Pacific.
The revenues derived from the two countries in the cause of
mother yea will, without much doubt, exceed the aggregate
amount deer present indebtedness.
Itespalieg the presidential ICOSTrive find the fol-
knrfkg is the New York Morning ess:
AII~a now
the president fie uwP2 inert eirt.tor 'lilt!
inumammla beforei ch
Congress. The ramose i•—ssd it is
a nom that leeks as if it were *minded os ast—that Mr.
Pout will eiatesetely defend himself for commeacing the
Maxima war, het wen (leaks es trees oat say roans
Clayor
who, Wein Ossereie er biker sal ke abbe of Mr.
sei tress est a karst Ste him The kasesisa et Mr.
Palk, wedge beer, is, that te Kr. Calicomai his friends
hie wer-eakas wfil have gbmiatble opoositise.
That Oswalt will be' Gelled upon ti webs peke, as it
• "lair testy with >sapaM ilea the Oregon