The Express.
London, England, 1857-10-10 00:00:00

UNITED STATES.

ARRIVAL OF THE PERSIA.
(IT DATUM AID MAGNETIC TZLIGRATE4

LIVERPOOL, SATCIDAY.

. • .
The Royal Mail steam-alup Persia, Caption C. H.
E. Judkins, which left Now York on the 30th ult.,
arrived in the Mersey at 8 a.m.
She has brought 130 passengers, and 2001. sterling
in specie on freight. She passed the Arabia hence
on the let inst., and the Royal Mail steamer Asia
on the 7th.

The monetary affairs through the States are in a
very unsettled state.
At New York the negotiation of mercantile paper
at bank and note•broken.' offices was extremely
light

tt and at very irregular rates; highest grades of
paper were discounted at 2 to 3 per cent. per month,
while very good endorsed notes changed hands at
6 to 6 per cent., and even at more exorbitant figures
under peculiar circumstances.
On the 29th a conference of the leading bank
officers was held, which resulted in a resolution to
recommend an immediate increase of loans and dis-
counts to the extent of 3 per cent.

The Exchange market:both foreign and domestic,
was very much deranged; it was difficult to sell
sterling, especially produce bills, some of which were
disposed of at 100, while bankers' brought 105 to

106 f.
The Yew York Courier anti Inquirer of the 30th
ear
Thus far the suspension extend. to the Banks of Phila-
delphia, Lancaster, Pittsburg (the Bank of Pittsburg only
excepted), Elultimore, Cumberland, Norfolk, Whose , and
Wilmington, N.C., and the interior towns e yof
those States, Providence, and all the pro banks. It
will be obecaved that the suspension has been earliest in
those places having a redundant bank circulation. This is
the weak point in American banking, and one on which
banks throughout the country generally fail. At New
Orleans and St. Louis, where legiidation provide* for an en-
larged aped. beefs, their banks will not come into the mea-
sure of suspension. New Orleans ham 6,000.000 in specie
against a circulation of 8,000,000; St. Louis has 3000,000
In coin, to touta limited circulation; while Illinois, 1
and Wisconsin are more inflated, their issues being=
upon State bonds now depreciated 16 to 30 par_cant., instead
of gold and silver. _ - .

Various calls bad been made by the Western
bankers for specie from New York to enable them
to sustain themselves. The banking-house of E. J.
Tinkham and Co., Chicago, had suspended payment
on the 29tk. Messrs. I)arby and Barksdale, and
Messrs. John J. Anderson and Co., suspended at St.
Louis, temporarily only, it is believed, both houses
having capital and established credit hitherto.

Th Net; York Courier and Inquirer says:
The euspended banks at Philadelphia sad Baltimore,
are gradually nettling themselves down upon a non-specie
currency, and movements fur the next twelve months willbe
t cgulatid, in the first piece, by the legitimate demands upon
thole by their merchants, and, secondly by the moans and
umeantes *mantlel to a restoration at an early day. Of
• resamptiun there is ao hope under twelve months.
Of exchange, the New York Shipping List
says :

On scommt of the unsettled state of money Oahe not
much has been done for the Persia. There have been
plenty of sellers of bills in the market from bankers sa well
s• shipping firms, and we quote prime with a tarp range.
The tranoectiona in continental balm have been very limited,
but Salta have been coniadembly lower. We quote bills on
Loudne, 4to 61. The bank statement was generally coital-
thar 1 a favourable one, although there was a slight reduction
of the r.p,eio item owing to the liberal drafts made to sustain
eastern banks. The returns do not include than from the
Island City Bank—a small and weak institution which has
gone into liquidation. When allowance is made for the
absence of the report of this bank, the decrease in the deposita
was only about 100,000 dollars.
In Philadelphia, the governor of Pennsylvania
has yielded to the solicitations of the financiers, and
issued a proclamation, calling an extra session of the
legislature, for the purpose of legalising the course
of banks in that State, in suspending specie
payment.
The banks of Providence have resolved to suspend.
We have received Ilavannah advice' to the 2.th
ult. They report that the monetary affairs in Cuba
are in a critical position. Sugars dull. The health
of the island is good.
Mexico, 22nd ult.—The charter of the new Tehu-
antepec company requires them to finish ten leagues
of the railroad every year. The dykes of the
Cratzacoaccos and Ventosa are to be completed the
first year. The Canard steam ship Jura had arrived
at St. John's, New Brunswick, for troops.

The money market at Now York is quite unset-
tled, owing to the panic. Stocks have declined.
Foreign exchange is much depressed.
Cotton receipts quite light.
Breadstuff prices irregular.
The provision market firmer.
Freights unchanged.