The Sun.
London, England, 1854-12-11 00:00:00

AMERICA.

(BY ELECTRIC TELEGRAPH.)
LIVERPOOL, SUNDAY NIGHT.
The Asia has arrived with advices from New
York to the 29th and 86,000 dols.
According to the Ilerald the tone of the Presi-
dent's message will be rather quiet.
The New York Tribune says that a naval demon-
stration against Dutch India is contemplated.
It had been decided in effect that the Newhaven
Railroad Company are responsible for the stock
over-isF led by Schuyler, that the fraudulent stock
was just as valuable as the genuine stock.
The Governor of South Carolina, in his letter to
the Legislature, suggests a modification of the laws
relating to free persons of colour arriving at south-
ern seaports. _ _

Great financial distress existed.
The Feudal Tenure Abolition Bill had been read
a third time in the Canadian Legislature. The
Inspector-General's resolutions were adopted with-
out important change, except as regards sugars.
There was no abatement of the pressure in the
New York money market, and the business gene-
rally continued on a limited scale. The difficulty
of negotiating loans was very great even at the
rate ef 11 to 2 per cent. per month for prime
signatures. SOclo.continued depressed. Exchange
on London, -109.40-1094. A good business had
been done in cotton at lower rates. Flour had

improved on receipt of European advices. Iron was
very dull. Freights were a shade firmer.

THE PRESIDENT'S MESSAGE.

WASHINGTON, Nov. 26.—The New York Herald
says the President's Message, which is already
completed, is to be kept back till the last moment,
for fear some warlike intelligence should be re-
ceived before next Monday week which would
render it necessary to change its tone in speaking
of our foreign relations. The message, as com-
pleted, it is understood, is rather quiet, suggesting
no ulterior steps as regards Spain, but simply stat-
ing the result of the negotiations up to this point,
namely, a total failure in receiving any satisfactory
apology or explanations for the Black Warrior and
other outrages. The President is determined—
that is, as far as it is possible for a person of his
peculiar organiiation to have a decided opinion—
that Congress must take the responsibility of
any proceedings against Spain : whilst at the
same time the Message will be filled with the usual
amount of high-sounding nonsense which has cha-
racterised Mr. Pierce's former, messages and his
editorials in the Union.

The greatest alarm is felt by the Cabinet for fear
Soule should manage to kick up a row, and force
the President to recommend the adoption of hos-
tile measures. Even Marcy believes that if Soule
is treated with disrespect it must be viewed as "a
national insult," whilst the contingency of his de-
manding his passports and quitting Spain will be
tantamount to a declaration of war. Of course the
Cabinet are not quite so ignorant as not to under-
stand that under ordinary circumstances the dismis-
sal of a Minister would afford no reasonable ground
for belligerent proceedings; but they believe that the
position which they have taken, that the acquisi-
tion of Cuba is a cardinal point in their policy,
leaves no resource open but to quarrel with Spain
upon the slightest pretext. The good sense of
Congress is all that the country has to rely upon.
The delay in finishing the reports of the different
surveys across the continent will afford the Presi-
dent an opportunity of avoiding committing him-
self upon the Pacific Railroad question in the
forthcoming message.