The Express.
London, England, 1853-11-22 00:00:00

AMERICA.

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FURTHER AMERICAN NEWS 1'k:1: NIAGARA.
A telegraphic despatch, doted New York, Nov. 10,
was received at Halifax prior to the departure of
the Niagara.
The whigs had carried the New York state eke-
tion, and the democrats that of New Jersey.
The Unittd States mail steamer Franklin, from
Havre and Southampton, arrived at New York on
the 10th inst.; as also the George Law, with the
Californian mails, and 1,000,000 dots. in gold dust;
and the Star of the West, from San Juan.
Signor Marticelli, the Neapolitan minister, had
died at his official residence, New York.
There was no political news of importance.
The money market was easier, but the demand
being active, the rates of interest had undergone no
change. Stocks have been morn brisk, but quotations
have not materially advanced. Foreign exchange
dull, and quoted on London 1091..
The cotton market was steady at firm prices.
The Franklin's adviccs caused a further advance
in the price of flour, and lied given an additional
impetus to the movements of exporters.
The Niagara passed the America of the same line,
going into Halifax, on the morning of the 11th inst.
Advices from Bermuda to Nov. 1 report the yellow
fever to be raging with great virulence. The sol-
diers of the .liGth regiment stationed there suffered
severely.

AMERICAN COMMERCIAL POLICY.
The Washington correspondent of the New York Hired
gives an outline of what the next message of the President
will be. lie says :
" The President will recommend a general system of re-
, ciprocrl trade with the British provinces, of all articles the
growth and product of each country, and the admi..sion of
fish, duty free, upon our fishermen heity, permitted to fish
unrestrictedly en the coasts of Nova Scotia and
New
Bruns-
wick. The proposition of the English govt rnment to per-
mit Colonial vessels to obtain American registers will not
be opposed, but the ruggestion to throw open the coasting
trade of California will be rejected as uncon,titutionel.
" A complete revision of the tariff will, it is confidently
stated, be suggested ; and with this view the Secretary of
the Treasury is busily engaged in preparing voluminous
data, to show the consumption of the several articles of
trade, and will suggest important modifications in al! such
articles as come under Mc head of necessaries. It is yet
doubtful whether any material modifications will be made
in the duty on iron ; but, notwithstanding the most urgent
remonstrances of the manufacturers of railroad iron in the
United Stater, it is believed a repeal of the duty on that
particular article will be recommended.

" The secretary of the navy will rechmmend an entire
revision of the pee sonnet and materiel of the navy, being
fully impressed with the worthlessness of the eMsting sys-
tem. A retired list and an increase of pay to the sailors,
will form a prominent feature in his report.
" Perhaps Use most important feature of the message will
be its allusion to the position of the Sandwich Islands, and
the bold avowal of the importance of their being annexed
to the United States. Depend upon it the President will
take this ground, and it will probably be the immediate
cause of parties resolving themselves back to their original
elements—the secessionists and the abolitionists flying off
again u they did in 1850."
A telegraph received from Cincinnati on the Bth instant
stated that a report was current that five or sin of the wee-
tern Sanks had failed. The report caused considerable ex-
citement.

The announcement of several more failures in this and
other states had the effect of depressing the price of stacks.
Among the failures are the New York, HorneSaville and
Buffalo Railroad Company, and Mr. Patchin, of the
Patchin Bask of Buffalo. Mr. Pratt, belonging toe for-
warding house at Buffalo, is also reported to have sue-
prided payment on Saturday. His liabilities are said to be
over 200,000 dollars. The effect of these financial difficul-
ties in the western part of this state, it is feared, will prove
most disastrous.