The Express.
London, England, 1847-10-26 00:00:00

The opinion of the cabinet is unanimous; that to with-
draw our army within the limits designated as those which
our government would have been hitherto willing to accept
as the future boundary of the United States would be but to
prolong the war indefinitely, and to expose, unnecessarily,
the lives of our soldiers. (.3u the crumbling ruins of the
military despotism which has swayed the destinies of the
Idexicsn people for the last 23 years, must be erected a
temporary government, half military, half territorial, which
shall secure to us the revenues of the country, and protect
the citizens in the enjoyment of tranquillity, and in the safe
prosecution of their commercial and industrial pursuits.
The public mines will be seized, a tariff of duties levied in
every port, and the reeds will be opened to admit the free
circulation of the stream of commerce through every
'senor, to the heart of the country. The character of the
war will be entirely changed. Hitherto it has been to con-
quer a peace. Henceforth it will be to maintain the govern-
ment we nee about to erect. Hitherto it has been offensive.
Henceforth it will be almost wholly defensive; at the same
time that the largest discretion will be given the command-
ing geceral to set on the offensive or defensive, according es
the execution of his measures for the pacification of the
country may require.
The domestic intelligence which is most likely to
interest the European reader is that which has refer-
ence to the monetary condition of certain states. A
correspondent of the Indiana Journal speaks most
favourably of the prospects of its state debt :
The old bonds, it is said, are coming in rapidly; and • very
considerable sum expected from Europe (perhaps a million)
by the steamer of the 15th or last of October. The amount
of principal and interest now surrendered cannot vary much
from eleven millions and it will reach twelve by the meeting
of the legislature. This is doing immeasurably better than
any friend of the law, even the most sanguine, expected. It
is no longer doubtful about the exchange of the entire debt
of Indiana, and the complete success of the arrangement.
Every citizen of Indiana will rejoice at the prospect; and
even the opponents of the measure, whcee honest fears made
them doubt, will be glad that their efforts did not succeed.
Alluding to Pennsylvania we find the following in
the New York llernld
" - • • •

The rapid improvement in the financial condition of
Pennsylvania is • matter of much astonishment, to not only
every citizen of that state, but to the bondholders generally.
The annual increase in the revenue, and reduction in ex-
penditures, operates with a two-fold influence in restoring
the credit and financial prosperity of the State. We
a statement, made up from official sources, showing the
revenue and expenditure fur each year, since 1841, from
which it appears that the actual pin to the state in
two years and ten months has been 4,781,672 dots 84c.
This is an enormous gain in such a short period, and shows
that the greatest economy has been exercised in the manage-
relent of the public finances. Political capital to some ex-
tent will, without doubt, be made out of this exhibit, and
the party in power will no doubt have the benefit of it. The
present administration have the credit of extricating the
finances of the state from the awful confusion and depression
they bad for years previous been in, and it is right it should
be acknowledged in the proper way. The increase in the
revenue has been the result of a greater activity on the pub-
lic works, of additional tax laws, of • more rigid enforce-
ment of the old laws ; and the reduction in the annual ex-
penditures has been the result of the strictest economy in
every department of the government, which is more credit-
able end praiseworthy than anything else.
THE NEXT House.—Previonsly to the late elec-
tion in Maryland, the House of Representatives, as far as
elected, stood as follows Whigs, 110 ; Loco Focus, 98 (in-
cluding the 7 South Carolina members, who will, probably,
vote pretty mach as they and Mr. Calhoun see fit) ; fade-
pendents, 3 (Messrs. Petrie, of New York; Tuck, of New
Hampshire ; and Lahm, of Ohio) ; Native, 1 (Mr.
Levin, of Philadelphia) and there are two vacancies
—one in Ohio and one in Michigan both of which
are conceded to the Loco Focos. Assuming that
Maryland, so is :*now nearly certain, has elected four
whig members, we now have 114, altogether, "out
and out whip," and, including Meson. Tuck and Levin,
who are expected to vote, generally, with the whip, 116
members being a clear majority of four in a full house.
Besides the two vacancies already referred to, eight
members are still to be chosen; four in Mississippi, and four
in Louisiana. In the former State we are promised two
Wbigs, Tompkins, and McClung ; and in the latter,
Thibodeaux (Whig) is said to be morally sure of a roelee-
tion, and Messrs. Saunders and Waddell to have a fair
chance of beating their Loco Foco opponents, Messrs.
Harmanson and Morse; but of all these things, we can only
lay, jut now " Eto mote it be '—Morning Espresa.

COMMERCIAL INTELLIGENCE.
Nsw Toss, Oct. 8,8 t: p.m.—There wu a alight re-action
is the stack market today altar the hourcluased. Quotations at the
Ant baud, at the first sell, ranged a fraction below Mom current at
the Mem yesterday; let upon the second call en share was realised.
Loriwent up I war cost, Cantos 1, Menlo anal 4, Norwich
and Wafter 1, Teener User t. Minor firer and Farmers'
las, shred se serer yesterday. Iran ballroad fell off 2
Per oat. ;
At tba Wand bred Trearmy Notes avowal 1, Roars' Loan 14,
Harlsis Issabler Iran Elt 4. Ike mein of Harlon wen
Mao, a Or limenourst. prbatally
rd r
Fwd. sear pi sees Inactive, rd fop. without *Re-
take. Ira se Ursa serer at 91 to 911 pat oak prentlem ; on
1164 IL u 4 • Assaffers. 40 to 404 ; Hesstrara. 26 to 764 ;
keys, nb getalle sot pert day far re Ihron Serer nsUl
Niajast, see win an be esp es the reeky for bills until
tbe sewer week. tho ms bat tot • decline is
wesettese. Ilea Y s leer urea et lib es the market, and as
mom so Mahan imams minstnall, lbw will be, without doubt,
a fesseriie Werke to rates. The wereseetal panic L. rapidly
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