The Express.
London, England, 1848-10-10 00:00:00

UNITED STATES.

The Europa, Capt. Lott, arrived at Liverpool 310.
terday, with dates from New York to the 27th, and
Halifax, 30th of September. She brings 10,0001. is
specie on freight

From New York itself there is little news. The
presidential elections, of course, absorbed all minds,
With regard to monetary affairs the New York Herald
says

__lent and state snuffles have been in very mods
rate demand during the past week, and the prospect at pre.
sent is that a decline in prices to a limited extent will sews
be realised. We base this opinion upon the tact that money
is becoming SCUM every day, end its value daily increasing.
The amount of government stock upon the market is more
than it can bear, and unless it is relieved it will be impossible
to sustain prices. The edvices received by the
last steamer from London, relative to the negotie.
tion of a loan upon the hypothecation of United B..stes six
percent. stock have not had a favourable influence upoa
these securities, sod it is the universal impression that, led/
event of the required loan not being made, Treasury note
will sink below par. If the loan is obtained money will be mere
plentiful and the market relieved; and, if it is not obtained,
Treuury notes will without doubt fall below par, and the
market be relieved by wresting the drain of specie to pay
into the independent Treasury, as these notes will be per-
chased for payment into the Custom-house, and take the
place of the precious metals. Thera is, therefore, a proba-
bility of an improvement in the money market within a few
weeks.

The " gold excitement" still continues, and Cali-
fornia seems to realise the old dreams of Eldorado. A
letter from San Francisco of the let of June, says:
The whole of this part of California is in the highest state of excite.
meat (and the pout/ern part will moon become so) relative to the
Placers, or gold region., recently discovered on the branches of ohs
Secremerto River. Title fourths of the houses in Sae FraDetata am
actually vacated • even lawyers haveclored their books and taken pas.
sage, with • epode and wooden dish, to make fortunes by weeding oat
gold from the sands oe the Secremento. Cooks and stewards bare
reamed 30 dollars a month to remain under their former e
tank' wages have risen to a thouaind a year. Cerresatemrs,P=
smiths, end teamsters, who In April received 3 dollars • day, saw re.
fuse 10 ; a few still remain, making ehovels, sparlce, and pickao xesond
turning wooden bowl., and ere making upwards of 2 dollen
a day. lam informed that sae blacksmith makes la to la sill picks
a day, and Bells them as a far= at 6 doll. each. English spades and
shovels will command 10 dots. each, and by taking them to the geld
regions yi id a heavy profit by selling again. There is not in teen
one new shovel foe sale, per bap' not a tin cup VC pan. A boat re.
guises tour days to get from here to Sutter's Fort. Tbe bre bre nem
from 4 dole. to 12 doh. each passenger carrying his own provident.
Wooden bowls, worth in New York 100. to 15e., would sell here low
foe S dela. The gold diggers end the ore on the banks of the river a
deep as 18 inches; but it Is supposed to be deeper, and to extend lm
river to river over a brew tract of country. They are obliged to eland
In the river te wash one the sand • the gold remaining is
the bottom of the reset pOrticles are very sproll.
though some few weigh one.fourth of an ounce; the quality is
more pure than the doubloon. The operatives'. are aim
leaving the Placer*, to seek for other spades and bowl,
and also to construct some mare machinery, that they may work out
of the water. Report says that the gold cunt ^ Is very extend's,
and= he worked by thousands for years to come. For this I eut.
not vouch ; but that they have just began washing, and can ob.
Lain eight to ten dollars per day, and that 20,000 dollars worth=
gold has reached the merchants of this poet, in exchange for
des, ern very confident. Vessels are- losing their crews, and mas-
ters their servants, by desertion, to gather le the golden plunder—for
sash is the profit belonging to the public. The quieleilver mine now
in operation, has, as yet, need only Whaler's try pots, and bawds
one shipment to Mazatlan, and has now eight thousand pounds or
uWedlate on hand; the works have, however, ceased, the rakers
have all gone to the " Placers.° where every one works for himself;
there pure republicanism to carded out in practice—no masters, no
servants--all men are " free and equeL" A club of ten or twenty
WM have, and few instances, offered one of their number 20 dolt.
per day to cook—a carpadter the same to build • eked.
The editor of the Caisfornion, on the 28th of May,
thus writes :
To Ova Ratona.—With this slip eases, for the present, the pub.
WWl= of the Californias—
'. Othello's occupation's gone."
The Pawns which have led to this step are many and cogent. we
shell, however, only state a few of theca, merely to satisfy thee who
curiosity may be aroused inaskatly to gain for us • perueal,
l end to
show the
ny expediency cd thememeine. Tbo majority or oar Windage%
and ma of oar albeit/An pitman, ave domed their dews eel
places el Minnie sad Mime, end we have sweived ow order ebb
another, wowing the ylessaat recut that the prints will pion
' stop my poper,"a " egverdsomentos Ism about bubo fn the `
Beersneento." We bus she ressivea haciendas that very Baud
oar ealseriters tn venom parted the espy have left their mod
places al abode, sad gone to the gold region, showing that this lbw
(to whisk the ebehre is a mare beadier la the way et es•
rullWalt Was) is not eorgase to San Frendsto aims.
Tuft lb au believe that for the bet tea au say-
tile' la dr dews ed•seepeuurime emend au Winds modes
tress ray eme frau eitisena.- Was. ft mast be Awn; is alb*
emearegfery—wry. The Isis seeprzy, Can lea FressEss to Ise
Aunire. smitten the swim to ths lii. of dr Were Iteredaj.re•
Isar with the mai cry et ogel4 gold, gold;" while the MN I
Ulf girl* die hese leg Ned madden arebbA
fist
the mudestnre ef shovels sot oldomele. sea We mem d Year
widen to theesggoottwhereastieseke lle dears wedge
mei Odin ens dere wading, and the mugs fir d senenut is
le albs par dism; he ask In fmt ere the reports wed* Yu
etralbsiddostassig. "ad
fram
ablaminsUithedsgmemuldiall otsmthereadetilbltrros
Rifoldl7 ern the- nub he sold where the we Is
every ern br ori a Wel &roped Ise bb seighkoor. I
waddle* a wasims espositiorre of labour sad needle' to wanes
lase thec=or our paper.
&dr has also stopped.
The following is the letter of our correepondent
NEW YORK, fisrr. 27.
The arrival of the Acadia put us in possetsion of
sews whisk had the effect to lessen the expectations of the
Eau diesisesa and to strengthen our fears that the affairs of
=see ter from being settled. If the " props:wives"
only " fix" nom
asorejs n4isal design, we should
bum lopes of the foal of liberal institution
slaw; but we cannot here perceive say unity of purpose,
soy well defined object, or any harmony of feeling.
snail
the chaos of revolutions sad counter-revolutions.—The nos-
arrival of the United States has caused excessive disappoint-
ment to our merchants in the French trade. We learn that
a defect in her condensing apparatus has cause id et her dean.
lion, a defect that had been foreseen by some of our
gent engineers, and predicted from the first.
We continue to be absorbed in the presidential Tuition.
As the election approaches, the warmth of the oppost4 Pa'
ties increases ; Med= naturally produces heat. The Muds
of Paco Cus and of Oen. or are equally sanguine, and
much confidence is exhibited by them in the frequent use of
Thed" foul's orffuntent," hetiaff. I have heretofore at-
my conSdence in the ul dohs mosses of Oen. Taylor,
MTh; viatica of an observer of the canvass is somewhat
like that ot the traveller, who, having placed himself on the
menuttabstop,ftret gluon at thucencry below him—bis mop.
trail orgasms to be perfect. He sees the valley, the pings, the
river, sad notion with precision the hamlets that stud the
landau" he observes the very reapers in the fields. Fre-
sandy a driving mist shuts out the longerecan see nothn
he beanies bewildered, end can n discern the
gang
soaps whisk but a moment before was a 0 apparent. So b
our polities : we at first take in the prominent points of obi
=we perke, approaate its variety, and gi:reod
with entire confidence A earns comes ruining of
which sompketely ernatals the ootlines upon whisk la
fixed au eyes. The picture becomes a mus of vgeswer,..Mi
we an no leaps able to point out its details. Sy weal
the elements are hashed. The scene is once snore Webb
Everything looks as it did, and our first clear impressions ws
confirmed. I would apply this illustration to the position d
one who has been coolly attempting to sketch the prospect'
of Gen. Taylor.
In a few days more we shall have in this city the mud
maim of the Episcopal Convention of the diocese of Nos
York. The state is divided into two dioceses ; that to whisk
I allude consists principally of the counties along the Reh
son River and upon Long Island. The other diners ono
braces the widens counties of the state. The brow es
tales within its limits a population of 1,393,783 (not allot
copaliani, however), covers as area of 21,7 a mash
and powwows 230 episcopal clergymen. The conventhebythe
canonsucomposed of the ministers and a delegation frenteadi
vestry in the diocese. The vote of each clergyman is eountei
u one, and that of each delegation as one. The diocese her •
for some years past bees in an anomalous state owing to ths
suspension of Dr. Onderdonk from the episcopal office. lie
wu tried by the bench of bishops for conduct which
ye
wig
not only underical but absolutely licentious, was
guilty, and almost unanimously suspended. Soon after the
his friends raised the question whether an bode.
=mien • was not a nullity, and it was raised, many
.b
/011/0 of e very bishops who voted for that punis
In the controversy thus begun, two elements were acUre
which have made it somewhat interesting. " Onto a
always a bishop," wee the cry of Dr. Onderdook's tap-
pWare. " Divine right," exclaimed the Oxford teen—
ier we have them here. " Down with the impure," "A
biskop should be blameless," were the mottoes of his app.