The Express.
London, England, 1848-02-10 00:00:00

Cruz either Mexican citizens or the subjects of any
other nation, for the purpose of engaging in the exist-
war on the part of Mexico against the United
States. A neutral vessel which carries a Mexican
officer of high military rank to Mexico, for the
purpose of taking part in hostilities against our
country, is liable to confiscation. On these instrue-
tioDs being submitted by Mr. Bancroft, the following
answer was returned by Lord Palmerston :
r,,rogs.sake. Nov. lb, iSt..—tilt —ln answer to your totter of the
eth instant (Mb, comslanting of the conduct of Captain May, of the
Brinell mad riewnierTeviat, in haying conveyed General Paredes
heu tbr Havana to %al Cr., in themonth of August ism, I b tve toe
honour to stole to mu that the Lords Commindonerr of the tilmindtr,
wisg investigated the eircummtances of Otis affair, her :Majesty's
government here Informed the directors of the Royal Moil Stern
pa,agre company, to wham the runner Teviot belittler, that the di.
rectors ere bound to testify, in a marked manner, their disapproval
of owtam Move conduct, in having thus abused the indulgence
afforded to the companfr versa to by the government of the United
steter ; and the directors of the company have accordingly mated to
her Majesty's government that they will immediately euspend Capt.
May from his command ; and that they publicly atul distinctly con.
demo lay art on the pan of their olitsers which mar be regarded as a
breach of faith arcade the government of the UMW Status or man
infringement or inmsion of the regulation/1 established by the United
States °dicers in that ports of Mexico which are occupied by the
Weer of the United Statue.— Signed) Paturairros.
The next is a letter from the foreign secretary,
which shows the truth of what had been stated by
Mr. Webster a short time since, in a speech at the
Massachussets convention, that government had con-
nived at the entrance of Santa Anna into Mexico.
Private and eontidential.—U. S. Navy Department, Map Cl, 1$ IG.—
Cocansodore,—lf Santa Anna endeavour", to enter the Mexican ports,
you will allow hint to pare freely.-4terpectfully yours, G. Criseaori.
--Commodote David Conner, Commanding Home Squadron.
The rest of this correspondence is not of material
interest.
There are no later dates from the seat of war
than those previously received—viz., Mexico, Decem-
ber 17, but fuller intelligence is given. It would
seem that the Congress at Queretaro was virtually
dissolved by the non-attendance of the members. The
new Congress would assemble in January, and a
correspondent of El Monitor says, that many of the
new senators and deputies were already on the road
to Queretaro. The commissioners from the Mexican
government had left for Queretaro, after having an
interview with Mr. 'frist. It was supposed they went
to bare a new conference with the supreme govern-
ment on the subject of peace. Mr. Trist, however,
was acting as it were contrary to orders. Having been
recalled, he could not contract any valid terms of
arrangement. _

MONEY MARKET.
NEW YORK, JAN. W.—The nook market during
the past week has ben exceedingly quiet. Priem remain about
We some as these current the week previous, and there is no-
thing in the perspective calculated to elevate or demean prices to any
extent The shipments of specie do not abate, but the drain ateaiuly
continues, and the amount taken from this city within the port two
weeks aconites nearly 100,000 dollars per .by. At this rate it is very
easy to maculate how &Donner banks will be upon the verge of sus-
pension, and we see at present no probability of the foreign demand
for our precious metals °mums. In view of these facts it is not
difficult to tell what will be the state of the money market and
the state of pricey for Mucks of all kinds for some time to Lome.
With this weighing upon the market, prices for stock, cannot be
otherwise thou depressed. Although quotations range several per
cent. below points they have reached at any time within the pa •t two
years, and most of the stocks in We lint are now netting much below
their real value, there in yet a margin for is further decline, under the
circumstances connected with financial matters. Securities of every
kind, front treasury notes down to Morris Canal, must fall, until the
turning point is reached: but whether a reaction will be produced by
a cessation of the demand far cleric, or by a suspension of specie pay
menu, is as yet a matter of mach doubt and uncertuinty. The pro-
spect at present is decidedly in tacour of a suspension ; and such an
event may be nearer at hand Wan is generally imaginid.
A oomparbon of prices ruling at the close of the market yesterday,
with those current at the close of the previous week, exhibits a decline
in Truism, Notes of per cent; Ohio dine f ; Reading Ronda, ;
'Leading Mortgage Bond., 21; Reading Railroad, ; Norwich and
Worcester, 4 ; Erie Railroad, new; I; Harlem, 1 • Long Island, 1 ;
Farmers' Lam.; Canton. ; Mottin Canal, 1- +here has been on
advance in Erie Railroad old Mock of 21 per cent. Some of the State
stocks and some of the fancies hove been very quiet during the past

knelt.
In our remarks, eaysthe Sew fork Herald, relative to the paymeeta
On account of interevt due on the bonds of the Mateo:Wiwi% we stated
that °wiper cent. would be pail about Feb.l, on bonds, to the amoust
of 9,200,000 doh, We have since learned that such le not exactly the
case; the clinked will not be so Inge as we stated.
It appears that by law the dividends are sayable on the
Ist of January and lot of July in each year; three
semiannual dividends hove already been made—the tint in
July Is-46, 013 dl. 23e. • the second In ama.ry, 1011, .1 3 dol. S 3 c.,
and 'the third onothe lie 'of July, 1847, J
of 7 dol., all of which were
paid on the coupon of January Ist, 1842. The first two payments
were the proceeds of a tax of one mill upon the taxable property of
the state, cud the third payment wes in part of the proceeds of a tax
of one and it half mill upon the taxable property of the state. It
is
estimated that this tax of one end a hell mill will amount to
126,500 dol.; of this amount, 0.5,500 dol. were received and divided
between the holden of 9,3:00,000 dol. of the bonds of the state, equal
to 7 dol. upon a Lund of 10000 dot. The remainder of the amount, nay
55,000 dol. Is to constitute the fund for the payment of the
fourth, or present January dividend but the legislature
of Moues, at its last session, passed an act dinette; the
governor to issue beads to the bolder, of certificitn of
indebtedness, formerly issued by the state for internal
improvements, and for the construction of the canal, whick,bonds
should bear intenst from the date of the cern:le:atm mad be entitled
to share pea ram in the proceeds of the mill and a half tax. The
amount of these bor.ds is not known here, but an account of them is
daily expected from the governor, when the amount which may be
received can be apportioned and paid to the holders of all the bonds
of the state, excepting those to Mandlister and Stebbins. The amount
of money already received i less than 22,000 dol. but as soon as the
amount of bonds is known upon which the 55,04 dots. ie to be paid,
the apportionment will he, made, and the payments commenced by
the agent of the state, at the American Ise-beep Bank. The fourth
dividend will be lesethan the third, for two reasons t First, more than
one half of the procemlsof thetas was remitted and appropriated to the
payment of the third dividend; and second, the Baum of bonds
In 1817 are to be saldnl to those upon which the third dividend was
paid. The 55,000 dollars would pay a dividend of less than 6 dollars
on each bond, provided there was no increase in amount of bonds
since the third dividend was paid ; but as that amount will be in-
creased the dividend of oourn will be lee, but how much less we are
not at present able to tell. The bondholders will see that the amount
at the present dirid.end is not because Illumis is not doing all she pro-
mised to do, but for the satisfactory reasons :dove given. There is
now no doubt but that the Illinois and Michigan Canal will be ready
for use its entire length. upon the opening of nasigation in the spring.
The revenue from this =patent work, and the proceed; of the sales
of canal lands next .august, will reduce the Indebtedness of the stale
rapidly, and enable the treasury to pay larger dividends more
earely than those now paid from the tax on the property .31 the
stete.
COMMERCIAL.
NEW YORK, JAB. Id. —The ,lour market continued with-
out animation, and oaks were made to a moderate extent, including
lois of Oswego and Michigan, with email parcels of Ohio 3nd Brook-
lyn, at about pensions prices. In the absence of the steamer's news,
now due, dealer. Were indisposed to otter the market freely. Prices
were considered to be stilt above the views of exporters, and before
any large transactions can likely take place for export the next
atrouns. from abroad must prove more favourable, or some emcee-
stone will be required by those holding order, previousiy seised.
In wheat there were no sales of importance reported, but prices mere
steady. In corn, transactions were chiefly continent to parcels of new
western and southern mixed at about yesterday's quotations. Then
wee rather more doing in meal, at steady price-s. Rye was quiet, and
oats steady at previous rates.
Burin-Tt'ren.—]Tour:The sales footed till about 3,000 bbis. in va-
rious separate too, among which were 200 bbls. of Michigan at 6 dots.
124 c.; 1,00010. Oswego in divided lots, at about 6 dole. to 6 dais. 61c.;
300 do. Western at 6 dol.. 1210. and 900 do. Ohio at 6 dolls. Some
small sales of New Orleansround hoop were reported made at 5 dol.
htie. to 6 dole.; and small sales of pure Generate at 6 dd.% 23e.
wheat: No Iran...actions were reported, while prices remained
about the same. Cern • Sales of about 5,000 bushels of new Western
mixed, in store, were made at 67e. • 4,1300 do. were mails' at 69c. •,
2,060 do. Jersey white at the same priCe. Meet t Sales of 400 blea. of
good New Jersey were made at 3 de15.371c.; 300 do. at 3 dole. 314 e.;
und SOO do. Wesuwn was reported sold at 3 dole. 124 e. Rye: Sales of
600 bwiteels, in store, were made at 90c. Rye Flour contieued steady
at 4 dots. 30c. to 4 dole. 624 c. Oats: Sales of about 2,000 bushels of
canal were insole at :Ale. to 51c. There was no change in New Jersey
or Southern. Barley con•inuel nominal. Beans : Staten of SO to 60
bble. were made at 1 dol. 121 c.
Puoviniont.—New mesa pork was in lig it supply, and prices
steady; while old mess and prime continued dull. 2)0 tierce; of
faceted hams sold nt 71c.; 15 Mle. of sone shoulders sold at 410.
Beef: Su tiereea of beef hams sold at 10 dole. 25e., and 380 bas. of
cite mess at 3 dole. 3740, and 90 btan. ditto reported at 8 dohs 2k.
laid: Prime continued in good demand. Cheese: There c intinued
to he a good demand at the recent quotations. Butter was inactive.
\re note Palen of 50 firkins of Ohio at 13se., cask.
St I,ll.—The weather being unfavourable them was none landing.
and we have only to cote eaten of 25 lands. New Orleans common at
44c., at four months.
Mtlnt:N. 000 tincit.tvom.—FOr the Ozanne of the 15th from Breton,
the great drawers were able to get I t premium on sterling hills, but
thee was wthe an increase of isoodlinerchents' bills, which mould
have been mutat tied at another time. They sold at 9to 10 premium,
and Rime were left over. France sold at 5.2.1 to 23 per dollar;
Anti's/dem, 404 to i ; lianibErg, 351 to :In.
lantiters.—Very little change. Flour 'was shipped to Liverpool
at Is. 61; grain in bulk et ed. to 60. ; heavy goad 2to. W. per
ton; Cotton ld. per lb. The new ship, Maid of ,Orle., ani, has been
chartered by the government for a voyage to Vera Crux, with troops
oral erovisionss for about Glop° dots. Business generally is moving
slowly, but not disastrously.
NEW UKLE/0.18, Jan. 10.—Cotton is low; middling to
good middling file. tote. Sugnr and Molasses but little done. Four
genet. Exchange, sterling bills ,carce. Freight', several new
engagements.

rIIADING IN fhuurcrums.—A deputation from
committee of the associate institution had an interview on
Tuesday with Lord Chief Justice Denman, in his lordship's
room adjoining the Court of Queen's Bench, on the provi-
stone of a bill for the suppression of trading in seduction and
prostitution.
Avrt-Got.D-Law LEACI.E.—The eleventh public
meeting of this body took place last evening at the London
Coffee-house, Ludgate-hill. There was a numerous attend.
mice ; Mr. F. Bennoch, the chairman of the league, pre-
sided.—The chairman said, that one object of this society
bad been granted almost immediately on the assembling of
parliament. by the appointment of a committee on the cur-
rency; and in proof of the good they had effected, he might
mention that they daily received large numbers of letters
from all parts of the country, and even front Canada. He
feared that the committee on the currency would lead to the ,
question being shelved, without great determination
on tte part of the people. He afterwards alluded
to Lis recent correspondence with Mr. Cobden, and
observed that free-trade and a fettered currency would
necessarily ruin the country. But Mr. Cobden had not
committed himself positively on the question ; he had not
declared in favour of a gold currency in preference to a
paper one ; he had merely supported the theory of the price
of gold being fixed. Hence, when the question came be.
fore the legislature, he might take the side of the league,
and thus extend and strengthen his influence, without any
inconsistency. In reference to that correspondence, the
Tows had published a personal and abusive article ; and
lint article had done the cause more good than anything
Coe. He was confident the time wee approaching when
the Times would come round to their side. The chairman
further stated that Mr. Cobden and Mr. James Wilson had
beet, invited to this meeting. Mr. Cobden had not replied;
It:ir. Wilson, in his answer, said he saw no utility in dis•
cussing the views which he had so frequently propounds,:,.
Messrs. Hart and Jonathan Duncan having addreseed, the
muting, the proceedings terminated,