The Sun.
London, England, 1847-12-31 00:00:00

Innina -2"lttne
LONDON, FRIDAY, DECEMBER 31, 1847.

President Ponm has again shrived himself to the re-
presentatives of the United States, ns is ill be observed
by the enormous document published in another part
of our impression. By reason of the elaborate nature
of his explanation, and of the multiplicity of matters to
which it has immediate reference, we shall be exone-
rated from any inclination to treat the Speech with
unbecoming indifference if we content ourselves,
for the present, with giving merely a rapid synopsis
of its.character. After an unusual gorge, even the
boa-constrictor requires something like a fortnight
for digestion. How much time, therefore, is not re-
quired for the digestion of matters so very nearly
indigestible as the arguments and representa-
tions of President JAMES K. Pona ! After the
abrupt and sententious addresses delivered to
the legislators of Europe by the different constitu-
tional Sovereigns, the mind is almost bewildered by
the garrulity of the prolonged narrations annually
received from America. Leisure and meditation are
essential to weigh with proper scruple the various
schemes unfolded by the Chief of the model republic,
and more particularly is this the case when those
schemes are of such peculiarly questionable morality
as those which were vindicated on the 7th instant
before the Congress newly assembled at Washington.
As might readily have been anticipated, the prin-
cipal portion of Mr. Ponies harangue is de-
dicated to the most daring and certainly
the most reprehensible adventure undertaken
during his Administration. We mean, of course,
the adventure against Mexico. In the PAESI-
-3)IINT'S Speech the whole history of the invasion
of that territory, beginning with the forced marches
of General TAYLOR upon Monterey, and terminating
with the capture of the capital city, and the entrance
of the conquerors into the palaces of the Monte-
sumag, is recounted with an admirable exactitude ;
and.theun successful negotiation of the Plenipotentiary,
NI% TRIST, is afterwards defined with considerable
emphasis and lucidity. Whatever may be thought
of the justice or humanity of the PRRSIDENT, in
attempting the subjugation of a neighbouring
and inoffensive republic, we will acknowledge that
kis strictures upon the policy of this movement are
candid and plain-spoken. There is no blinking the
truth ; there is no evasion of the reality ; there is
none of that sophistical reasoning which would have
characterised the address of a GUIZOT or a METTER..
NICII under similar circumstances. Mr. POLK speaks
borne—bluntly, baldly, and (upon that point) with
becoming brevity. He reminds Congress, and through
Congress the whole population of the United S"tetes,
that a vast expense has been incurred in consequence
Of the incursion made into the Mexican

dominion—that a national debt has, in fact, been
fairly saddled upon the Republic—that, with the ac-
cumulation of these liabilities, the arms of their brave
s,ldiers have everywhere triumphed—and that, con
quently, it is both expedient in a pecuniary sense,
arid possible in a military one, that the United States
should receive compensation for the expenses conse-
quent upon the war by the negotiation of a peace with
the violated country, and by the acqUisition of
those portions of it which are contiguous to
the American boundaries. The meaning of
this is plain enough in all conscience. The
invasion was made with the intention of aggran-

dizing the United States by the spoliation of the ad-
jacent soil. A quarrel was picked with Mexico
with the determination of reaping a territorial ad-
vantage from the encounter of powers so dispropor-
timiately matched. The pretext of expense and

indemnity was foreseen from the very commence
ment, and now that the invading forces have pro-
ceeded so far in their victories the ultimatum of the

plan is divulged. The Rio Grande is to be the
frontier line between the two republics reaching to
about thirty-two degrees north latitude; right of way
is to be insured acro.s the isthmus of Tehuantepec;
and the United States are to be increased by the
cession of the whole of New Mexico and California.

What modesty and moderation ! The whole of New
Mexico and California! Is it surprising that such
generous conditions have been hitherto refused by the
Mexican Government ? And is it not a most rational
conjecture that the avarice and cruelty of the ag-
gressors may ultimately drive the countrymen of
SANTA ANNA to the heroism of despair ? This at
least is the only means which remains to Mexico for
the redemption of its dominions, and the preservation
of its nationality.
After explaining that a public debt of 45,659,659
dul!ars has been incurred up to the Ist of December,
and that a further loan of 39,000,000 dollars will be
necessary if the war be continued beyond the
August of 1848, Mr. POLK pourtrays the financial
and commercial condition of the United States during

the past twelve months. Nothing could 're more
satisfactory, as an illustration of the working of
free trade, than the result of the reducid tariff
f America. Up to the Ist instant, tieing the
•10 .e of the first year of the amended tariff,
ne net revenues from the customs amounted to
31,5'00 000 dollars, being an increase upon the re-
ceipts of the preceding year of no less than 8,500,000
dollars. According to the Message of the PRESI
DENT, an equally !rod result had followed from the
opelation of the New Warehouse and Sub-Treasury
Acts. Betides giving these monetary statistics, Mr.
PoLK. enteks at some length into the subject of
foreign relations. He advises the adoption of cer-

tain treaties with the Sublime Poste, w.th Tunis,
vkith Tripoli, and with Morocco; recommends
with equal earnestness the establishment of a diplo-

tmtic intercourse with the Court of his Holiness Pope
Pins IX. ; and announces the appointment of Charges
d'Affaires to Equador, Guatemala, and Bolivia.
Lit. le intelligence of importance has reached us by the
New York packet-ship Ashburton, beyond the
'Message of the PRESIDENT, but news of interest from
the seat of war may be anticipated on the arrival of
the Britannia.

When the Government, on the 25th of October,

ielded to the remonstran:a3 that were flowing in from
every quarter, and. sent the celebrated letter to the
Bmk recommending the "directors to enlarge the
amount of their discounts and advances upon approved
security," and promising that if their fo doing
" should lead to any infringement of the existing law,
her MAJESTY'S Government would be prepared to
propose to Parliament on its meeting a Bill of Indem-
nity," there was a general expression of joy from all
parts of the country. Immediate relief was thereby
afforded to those who with ample means to meet every
engagement, with abundance of real capital—although
that capital did not consist of bullion—were
brought into a most precarious position and
exposed to the most imminent danger of
being obliged to suspend their payments. True it
is, a condition was annexed by which the value of
the boon was greatly diminished. The minimum
rate of discount was fixed at 8 per cent.--a rate so
exorbitant, and so far beyond that which could
be maintained for any lengthened period without the
most ruinous consequences to the mercantile and
manufacturing interests of the country, that it might
well have awakened serious fears, and given rise to
-many gloomy forebodings. All was, however, for-
gotten in the great fact, that the Bank Charter Act
of 1844 was suspended, and it was not for a
single moment supposed that it could ever again
be revived. It was not merely its opponents
who felt that its temporary suspension involved its
immediate abolition, its unconditional repeal ; even
the warmest advocates of the measure admitted that
such was the case. The statement of Sir R. PEEL
with respect to the free importation of corn was re
membered, and his admission that if the ports had
once been opened they could never again- be closed—
that the nation would not submit to be again sub-
jected to the fetters from which they had been eman-
cipated, was manifestly in point, and applicable to
the still more galling restrictions imposed by the
banking enactments. The great organ of the but-
iionists declared that "the Bank 'Charter Act was
virtually surrendered ;" that " the purposes
of that Act might perhaps be supplied
by other arrangements ;" and, again, that " the
measure certainly did appear in its tendency
a fatal blow to PEEL'S I.‘ Other arrangements "
might be brought forward, new theories' might be
introduced for the purpose of depriving the nation of
the blessings and prosperity that would be the result
of a free trade in money, and of a circulation adequate
to the wants of the people, and which would enable
every person able and willing to work to obtain re-
munerative employment ; but the restoration of the
Act of 1844, in all its integrity, was never even con-
templated by any one not in the secrets of the
Ministry until the very day of the meeting of Parlia-
ment, when that letter was withdrawn and the former
law revived.

The Chancellor of the Exchequer, however, when
moving for the appointment of a Special Com-
mittee to inquire into the causes of the com-
mercial distress, and how far it had been
occasioned by the laws for regulating the issue
of bank-notes payable on demand, avowed his
undiminished confidence in the working of the
measure ; and it was perfectly manifest, from his
statement, that no real intention existed of altering
the IL v. The inquiries of the Committee were merely
for the purpose of avoiding any immediate decision,
and shelving the question until the arrival of a more
propitious time, when the popular mind would not be
so much excited on the subject, and a partial resto-
ration of prosperity might banish the recollection of
l'the evils and sufferings to which we have been ex-
posed. If any doubt could have existed after the
speech of the financial Minister, it must have been
removed when the composition of that Committee
became known, and the persons selected to serve
thereon were nominated. In fact, the investigation
might just as well be omitted, and the report imme-
diately published, the nature and character of which
is already decided on even before the commencement
of the labours of the Committee.

It is therefore incumbent on the opponents of the
present system to lose no time in bringing their
opinions before the Legislature and the country at
large. They must not suffer themselves to be hood-
winked by such flimsy pretexts, or induced to post-
pone the consideration of those measures which are
essential to the national safety, while the farce of an
inquiry is going on. The Act of 1844 has been
weighed in the balance and found wanting. The
law of the land has been necessarily violated, in order
to preserve the country from the sad effects of its
baneful operation. If further investigation is neces-
sary as to the new law by which it is to be replaced,
let it t t least be forthwith repealed. Whatever may
be the opinions of parties as to the maintenance of a
currency convertible on demand into bullion, at a
price of 3/. 17s. 100. per ounce, all should unite to
abr.,gate that fatal enactment, and to erase it from our
statute-book.

Letters from Milan of the 19th inst. state that M.
NAzutt, the deputy of the city of Bergamo, in the
central congregation of the kingdom, moved a ri-sn-
Aiti•,ti, founded on the universal discontent of t;.,
coup-ry, that a committee be appointed to lay before
the Emperor of AUSTRIA. a project of reform for the

Lombardo-Venitian kingdom. Although this mo-
tion was opposed by the Governor of Milan, who is
president of the congregation, and who dcclared that
the Viceroy himself was engaged in preparing a pro-
ject of reform, it was passed unanimously by the
assembly, twenty-four members of which were pre-
sent. The president found himself compelled to
proceed to the nomination of the:committee, declaring
nevertheless, in the name of the Viceroy, that no dis
content prevailed in the country. The committee
consisted of the following deputies :—Count Ponno,
for Como; Dr. VILLA, for Milan; Count Scuizzi
for Cremona ; Count BARNI, for Lodi; M. SAN
GERVASSO, for Brescia ; M. NAZARI, for Bergamo ;
and M. ZANETTI, for Mantua.

From the Ist of January the Mario di Roma and
the Notizie del Giorno are to cease to appear, and are
to be replaced by an official journal, which is to bear
the name of the Gazette de Rome.

Letters from Lisbon of the 23A announce that a
change of Ministry has taken place. The following
is a list of the new Cabinet:—

President of the Council, Minister of Foreign
Affairs, and ad interim of War—the Duke of SAL-
DAN HA.

Interior—BEßNAßDO GORG AO HENRIQUES.
Finance—Joactunt JOSE FALCAO.
Marine—AGOSTINO ALBANO DE SILVEIRA PINTO.
Juitice—JOAQUlM JOSE DE QUEIROS.
Several severe shocks of earthquake had been felt a!
Lisbon, but no serious injury occurred.
Sir CHARLES NAPIER'S squadron sailed from the
Tagus on the 22d for a ten days' cruise, leaving only
her MAJESTY'S ship Howe and the Comet steamer in
port.
The steamer from Southampton of the 17th had nit
reached Lisbon on the departure of the packet.
The French and Spanish Governments had refused
to join Sir HAMILTON SEYMOUR in a protest against
the elections.

Exchange 53 at 31 days, and the discount on paper
money 40 per cent.

Madrid papers of the 22d and 23d have arrived.
The Senate has passed the Bill authorising tht
Government to levy taxes to the end of the year, atv!
the 1)( puties have agreed to the Bill authorising thc
immediate levy of 25,000 men. Queen CHRISTINA
continued actively intriguing to secure the accessioi
to office of IlloN and PinaL. MoN had refused t•
accept the portfolio of Finance unless I'mat, war
app,inted Minister of Justice. NARYAEZ is opposed
to the admission of either of them into his Cabinet.

MADRID BOLSA, DEC. 23 —The Three per Cents.
were done at 274 for the 17h of January ; the Fir,
per Cents. at 154 for paper ; the Debt without inte-
rest, at 5 for cash ; and the Coupons, at Mk.

We have received the Paris papery of \Vednesday
The Ministerial journals Frame the Speech from the
Thr,:ne as a model of firmness.

The National thus comments on that portion of it
which relates to the reform banquets :—" Behold the
sublimity of a free Government ! Put the grew
public powers in accord—have two united majoriti-s
which is not difficult, and the manner to obtain then
is well enough known, and then do what you please.
The forced isolation of the citisens answers for their
submission ; all collective expression of a sentiment,
of an idea, of a desire, is interdicted. There were
associations—no mote associations; public meetings,.
—no more assemblies of any kind. Do the Deputies
desire to know if such a Bill, such a reform, has th(
assent of their fellow-citizens ? Then% they vril
question their fellow-citizens one by one:or by cor-
respondence. Assemblies are disturbances ; delivers
of speeches, interruption of social order ; to be ap-
plauded, violence; to petition for a reform, a factious
dd. It is at that point we have arrived. Well—se
much the better ! -We were accused of calumny
when we announced it. France now sees to where
she is being conducted; it is for her to decide if she
will fall into that abyss of degradation towards which
she is being pushed !" .
The Constitutionnel is to the full as indignant.
After characterising the passage alluded to as " an
accusation and an insult upon a considerable part of
the Chamber," it thus proceeds :
" The reform manifestations, in which upwards of
100 deputies, as we have already said, took part,
were held within the limit of the law. Was that limit.
we may inquire, overstepped? And, if so, why did
not the Government prosecute? If, on the other
hand, the law was respected, how have Ministers lost
their senses to such a point as to place in the mouth of
the King accusations which the.inactivity of the courts"
of justice and of the Governineut have beforehand
contradicted ? But the presidentship of M. Guizot
may be easily recognised in this extravagant policy,
and in this forgetfulness of' all moderation. He
divides the Chamber in two parts; the Ministerialists,
sole and last defenders of royalty and of the charter ;
and the Opposition, enemies by intention, or folly of
the charter and of royalty. In order to compromise
the King and the majority in the quarrel, he attacks,
he provokes, he outrages. Like the Jesuits, his good
friends in Switzerland, he has need of desperate
combats ; like the emigrants of the Restoration,
whose passions he so long shared, he sees in the half
of France enemies whom royalty ought t 6 conquer if
it does not want to perish-. Like the last Ministers
of the fallen Government, he says :—no political re-
forms, no concession. We know no more dangerous
enemies of a dynasty than they who pretend to serve it
in this way."
The Frew thuaAnsets at.lll9,,pgagra2l.l.,relating tai
Switzerland:—

"-The paragraph - relative. to Switzerland coin,.
lag mences_like an idyl, sung on the bank of a fr sh
streft-m, under the shade of a rustic cottage. ~ ' ivil
war has troubled the happiness of Switzer and.'
Yes, we imagined that a little. But vehatli.i've you
done to keient'lltieiiiiffofffiner i',l4i3t " -4'"Vern . eill
had come to -au ' lindenlianding with-1 *: ~.)y : •
teents of England, Align% A'r,osie _ 1. ,es, .
offer a benevolent mediation Trst ii -,,; ~ ring
and friendly people.' Good ; •Ave Inid a o heao
-.peak of this good understanding of thie-fi' p..yern- .
ments, especially with England, which at the end of?
a week has left you in the lurch. But . the
mediation has been refused by Switzerland.
I'hen what next ?—What next ? Nothing.
' Switzerland will recognise, I hope, that the
respect of the rights of all, etc., etc.' But
it Switzerland be not of your opinion ; if, profiting
by temporary unanimity which the recent events
have established in the Diet, it thinks right
to modify some of its internal institutions—
a right which all independent nations have—
what will you do ? Oh ! The Government will not
even foresee that eventuality ! It will not again ven-
ture to pronounce any interdiction whatever, for fear
of sustaining another cheek ! It hopes ! Adieu to
the Sonderbund, which it had lately the pretension
to resuscitate, in order, apparently, to cause itself to
be pardoned for not having known how to secure its
existence! There is not even a flower for its tomb.
How has the policy of menace and of intervention
thus changed into a policy of hope and resignation ?
How has the war trumpet made way for the shep-
herd's pipe ? The Parliamentary muse will soon re-
count to us the causes of this great transformation."
The KING, it is said, was manifestly suffering ft=
the effects of recent illness, and exhibited unmistake-
able signs of old age. The Duchess of Oamens was
received with loud applause by the Opposition De-
puties. It is said, that in the event of the succession of
the Comte )a Pais to the throne during his minority
an attempt will be made by M. TRIERS and his party
to secure the Regency for the Duchess of ORLEANS
to the exclusion of the Due DE NEMOURS.

The illoniteur publishes a royal ordinance elevating
Vice-Admiral Baron DE MACKAU to the dignity of
Admiral. By other royal ordinances Rear-Admiral
CECILLE was promoted to the rank of Vice-Admiral,
Vice-Admiral BAUDIN was appointed member of the
Board of Admiralty, and the Grand Cross of the
Legion of Honour was conferred on Rear-Admiral
B ICU AT.

M. OUTREIION, a rich notary, and one of the
stanchest supporters of the Conservative party in
Paris, has been committed to the Conciergerie on
several charges of forgery and embezzlement.
M. SAUZET was on Wednesday elected President
of the Chamber of Deputies by a large majority; the
numbers were--M. SAUZET, 227; M ODILLON BAR-
ROT, 105; DUPIN, 13; DUFAURE, 9.
In all the bureaux, except one, Ministerial presi-
dents and secretaries were elected, and in that one
M. TIIIZRB secured his election as president by a ma-,
jority of one vote only.
It was rumoured on the Bourse that Austrian
troops had entered Parma, Placenzia, and Modena.
The Three per Cents. closed on the Paris Bourse
on Wednesday at 75f. 500. ; New Loan, 76f. Gsc.
the Fire per Cents., 117 f.; the Orleans Railroad'
:Sbart-:, 1,213 C. 7.1. c.; Rouen. 910 C. 75c.; IT'ivr.2,
440 f.; Great Northern, 553:. Avgiion, 5801.;
Vierzon, 547 f. 50c. ; Bordeaux, 490 f. ; Troyes

and Montereau, 258 f. 75e.; Dieppe, 2621. 50c.;
Paris and Strasburg, 413 f. 75c.; Tours and Nantes,
3Mf. ; Paris and Lyons, 405 f.; Spanish Three per
Cents., 31.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, DEC. 80.
Northern of France, 113/4—Orleans and Bordeaux, 51/(4—
Paris and Lyons, 53A —West Flanders, 1%.

AMERICAN NEWS.

EXPRESS FROM LIVERPOOL.

ARRIVAL OF THE BRITANNIA. I
We have received by express from Liverpool Ame-
rican papers to the the 15th instant, being six days
later than the intelligence brought by the Ashburton.
These papers were received at Liverpool this morning
by the Britannia steamer (Cunard), which was tele-
graphedpff Holyhead yesterday afternoon, when the
news brought by the Ashburton left.
The Britannia has made her passage in 11 days
from Halifax, which port she left on the 19th, and
Boston on the 16th inst. 52,000/. is the amount of
gold specie on freight.
The outward advices carried by the Britannia
from here on the 19th ult., and which conveyed the
news of the suspension of the Bank Charter Act,
were most eagerly sought for in New York, and
were generally considered as more favourable,
notwithstanding the announcement of Messrs. True-
man and Cook's failure, which, as regarded the Ame-
rican trade, was not of such direct importance as to
-neutralise the improved feeling apparent.
General Zachary Taylor arrived at New Orleans
on the 2d, and was received by a splendid procession,
which surpassed any public display ever made in
New Orleans. The General is one of the candidates
for the Presidency. The General left on the sth for
Memphis.
The court-martial on Colonel Fremont was conti-
' nuing its sitting at Washington.
The New York Morning Express, of the 15th,
lives the following summary of news :
New levies of troops are constantly sent to rein•
'Orce the army in Mexico. By the latest news re-
...eived from th it country, our troops may almost be
said to be in quiet possession. The Mexican army
appears to be annihilated, and the Government almost
it an end.
From present appearance, there is to be no peace
with Mexico. There is no organized Government,
and if there was, the exactions of our Government
ire such that no terms would be accepted, short of
yielding a large share of her territory.
The American army is sustained in the various
sections of Mexico, without any difficulty. Such is
the demand for American lunge, and such the diffi-
!silty of exporting specie, that British and American
capitalists there are ready to take army drafts on
a'ie hington at consilerable premium, for which they
readily pay the specie.
It is impossible to state what course Congress will
adopt. In the Senate there is a majority in favour,
and in the Hous.s adverse to the administration. It
Ain undoubtedly be a long and exciting session.
Since the sailing of the steamer of the Ist our
money market has continued to be unusually tight.
The Banks have continued to contract their loans.
No banking institution is permitted to take over
seven per cent. per annum, but money has been, and
still is worth one per cent. a month in the street.
Up to the Ist about two millions of specie had been
Sent. Since then, including what will go by this
steamer, about half a million more will be added to
the list. It is the general belief that after the Ist of
January very little, if any, specie will be exported.
Much of the export of specie has been caused from
the want of confidence in bills. Many persons have
~referred to send specie, even at a certain loss, than
to take bills at any rate.
There begins to be a change in this respect. The
last advices from England were more favourable, and
confidence in English houses begins to be in acme
measure restored.
Fresh orders for breadstuffs have been received.
particularly for corn, and large shipments of that
article will now go forward.
There are so few bills put in the market of an un-
doulsted chtiricter, that bills on London have been,
And are now,:selling at 110 to 1108. There are,
nowever, a large amount of second rale names to be
had at 109 to 109 g.
Stocks of all kinds are depressed. United States
Treasury notes, which are the great favourite, and
which bear an interest of 6 per cent. are selling below
par.
Both the imEnrtations and exports are now light,
The prevailing belief is that the former will be less
than last year at this time, and that the latter will
increase. .
The fall season of business is drawing to a close.
[t has been 'a year of uncommon prosperity. The
crop; of the last year sold at great prices, and those
of the present season are most abundant, and com-
mand good rates. .
This country has probably never been in a more
sound and healthy state. There has been no over-
trading
or speculating spirit ; every great interest has '
been well supported.
Freights are uncommonly low. Many vessels have
gone south fpr cargoes, and as the cotton crop will be
,much larger-than was at first suppOsed, it is believed
there will 'be a good employment for the shipping
interest.
GREAT TELEGEAVIIC FRAT.—We have before us
two Cincinnati papers, received yesterday by mail,
, viz., the Getaeftesand the-Atlas, both printed on Thurs-
--lay morning49th inst.—and both containing tha Pre•
'sidenes Message in full. The readers of those papers
were therefore placed in possession of the document
just 42 hours after it Wars read in Congress. The
Message comprises about highteen thousand words,
Ind according to a stateinent‘in the Cincinnati Ga-
e.e.it.vvas telegraphed through the enterprise of the
Cincinnati and Louisville press. The time occupied
by the operators on the wires in transmitting the
whole document from Philadelphia to Cincinnati
was sixteen hours, including one hour and a half loss
oy the current of electricity having been led from the
rosin wire to the earth, at one of the intermediate
offices. Owing to the dampness of the atmosphere,
and this alone, the entire message could not be trans-
mitted all the way from Philadelphia. The aid of
Pittsburgh office was therefore called in. Had the
night been clearer and the atmosphere dry, the com-
plete document could have been successfully transmit-
ted, not only to Cincinnati, but even to Vincennes in
Indiana—a distance of about 900 miles from Phila-
delphia. This enterprise Was set on foot and chiefly
accomplished by Mr. Day of the Cincinnati Enquirer,
and Mr Fisher .of the Cincinnati Gazette. Great
credit is due to the operators at all the offices
for their faithful and correct performance of their
duty on this occasion. At Cincinnati, Mr. John
Brough went to the assistance of the regular tele-
graph reporter for the press at that place (R. Smith)
and wrote out the great body 'of the Message as it
was transmitted; standing at his post from the be-
ginning to the end. The first words of the Message
were received at the Cincinnati Telegraph office, at
eight o'clock on Tuesday night—the conclusion and
signature of the President on Wednesday at twelve
o'clock, noon. " Whatever (says the Gazette) may
be said of other telegraph feats, this, it must be ac-
knowledged, is the greatest achievement yet known.
As an abstract proposition it would have been
scouted, even so recently as a year ago. It has,
however, been accomplished and that in the neatest
and most correct manner. And after this let .no one
, set bounds to the results of science."

COMMERCIAL NEWS.
NEW YORK, DEC. 15.
THE COTTON MAI/EXT.—At the date tof my last re-
spects per Acadia on the 30th ultimo, I stated that
buyers for export were participating in the operations
going forward to a very limited extent, notwithstanding
an easy freight market—the only inquiry being from
our own manufacturers, who were purchasing sparingly,
and only as their immediate necessities required. After
the emission of my circular on that day, there was a
more active inquiry, and holders obtained bids a full
quarter of a cent over my extreme quotations, at which
about 700 bales found buyers. The following day they
were loth to offer, and very stringent in price, which
ffectually stopped the little business going forward, and
for a week subsequently to the departure of that
steamer, the market wore a quiet appearance, as all
parties were reluctant to operate until the reeipt of
Pater advices from abroad. It is unnecessary to parti-
cularize the daily sales in such a perfectly dull and in-
active market, as rarely exceeded 400 bales. On Wed-
nesday, the Bth instant, the sales ran up to 1,500
bales, about 1,000 of which was New Orleans
Cotton, from the wharf by ship samples, to make out a
cargo for the packet-ship Argo, for Havre, at prices
quite equal to those previously paid. On Thursdly
morning, the 9th instant, we were placed in possession
~f the telegraphic accounts of the Liverpool market to
the !9th ult., by the steamer Britannia ; some coriftision
.tpparent ut the quotations ruceivcd in this t
r.nd buyers under the general aspect of trade there, were
indisposed to come forward except at a reduction in

price of a full quarter of a cent., which was generally
acceded to, and at which, about 800 bales changed
hands, chiefly in the afternoon, the bids of the morning
being still lower. These accounts represented some
amelioration in the money affairs of England growing
out of a partial extension of the issues of the Bask at
the recommendation of Government, which had
the effect of establishing confidence, and in
the existing state of things there, that, ap-
peared to be wanted, more than money. Trade,
however, in the manufacturing districts still ap-
peared to labour under great depression, aad it would
seem that a long time must elapse before it can recover
its former activity. On Friday morning the letter mail
was received, by which it appeared that the market was
very similar to that existing at the departure of the
previous steamer, prices here consequently immediately
recovered that decline, and the sales that day were 600
bales. On Saturday, II th inst., they amounted to 1,200
bales, at the full prices of the day preceding. Buyers
for export have participated in the latter purchases, and
some disposition was shown to grant facilities for ship-
ment to Liverpool. On Monday the sales were again
1,200 bales, at prices an eighth higher than those of
Saturday, and mostly for Liverpool. Yesterday they
were 1,000 bales, at prices to which my quotations at top
conform, the market gip sing firm.
The fall has been iEe most favourable on record for
ripening and gathering the crop ; the average date of
the killing frost in Georgia and South Carolina was on
21st ultimo, and in Louisiana, Mississippi, and Alabama,
on 26th ultimo.

Frcights have slightly improved. Exchange is more
abundant, end closes dull.

NEW YORK MARKETS.—TuEsDAY, P. 1.1

Ashes—Pots are quite active for shipment. Sales at
5 dolls. 50c. to 5 dolls. 62kc. Pearls are quits and
dull ; sales at 7 dolls.

Cotton—There is a better feeling in the market. The
advance of *c. is sustained, and the demand is good.
The sales are 1,000 bales a day.
Flour—The market is quiet, at a slight decline. Sales
of pure Genesee at 6 dolls. 37c. ; Western, Oswego, and
Troy, 6 dolls. 06c. to 6 dolls. 25c. There is but little
doing in Southern. Meal is selling freely at 6 dolls.
58c. to 6 dolls. 621 c.
Grain—Genesee Wheat will command 140, and Ohio
Mixed at 130 to 140. There is an active demand for
corn for export, sale of 30,000 bushels Western
mixed, old, at 74 to 76 ; yellow at 77 to 78 dolls. ; new
Corn at 66 to 68c. Sales of Rye at 84 to 85c. Oats,
Northern, at 46. Southern 41 ; Jersey 43. Barley, 82c.
Provisions—Beef is very dull, the stock large and
accumulating. Pork is also neglected. Cheese at 6c. to
7c. Lard has fallen, sales of new at Bi.
Molasses—Sales of New Orleans Molasses, new crop,
in bbls , at 28c. .

Oils—English Linseed is selling at 24c., and Ameri-
can at 58c. to 59c. Whale at 35.

Rice-Sales of 200 tierces at 3 dolls. 6210. to 4 dolls.
Seed-Soles of Linseed at 1,35.
Fruit-Malaga has fallen to 1,50 a box. Sales of
Turkey Figs at 10c. to 15c.
Lead-Prices are declining; sales at 4,25.
Sugar-Sales of 100 hhds. New Orleans at 4i to 51.
Tallow has declined. Sales at Bc. to 81c.
BoSTON, DEC. 13.-Flour and Corn-The market is
rather quiet to-day, and but few sales have been made.
Pritearange from 6 dolls. 37ic. to 6 dolls. 50c. for Michi-
gan and Genesse common brands; 6 dolls. 75c. to 7 doll.
for fancy ; 6 dolls. 37c. to 6 dolls. 50c. cash, and 6 dolls.
62c. to 6 dolls. 75c. for four months for Southern. In
Corn, sales have been made at 82c. to 84c. for Southern
ysllow, 77c. to 78c. for mixed, cash. Oats are selling at
52c. to 53c. for Northern, and 50c. for Eastern, cash.
Weather remarkably mild to-day, and it being our city
election, but little business doing.
Auction Sales.- Corn - Yellow and white, Ohio,
1,683 sacks, 691 c. to 77c. per bushel, cash-bags Bkc.
BRIOHTON MARKET, DEC. 13.-At market 850 Beef
Cattle, 32 yokes working Oxen, 46 Cows and Calves,
7,600 Sheep and Lambs, and 1,550 Swine. Beef Cattle-
Extra at 6 dolls. 75e.-first quality, 6:dolls. 25c. to 6 dolls.
50c.-second and third ditto, from 4 dolls. to 5 dolls. 50c.
Working Oxen-sales at 72 dolls. 86e. and 130 dolls.
Cows and Calves-Sales at from 46 dolls. to 50 dolls.,
according to quality. Sheep-Sales of lots at 2 dolls.
to 2 dolls. 33c., and 3 dolls. 25c.-one or two lots, very
poor, taken at 1 doll. 12c. Swine-Dull-Sales at
wholesale, 4e. for Sows, and sc. for Barrows. At retail
sc. to 6c. and 61c.
PITT: BURG, DEC. 13.-Flour-The market was dull,
at 4 dolls. 871fre.-Corn was firm, with an upward ten-
dency, and we quote good mixed at 40c., and yellow at
45c., with small sales. Oats were firm at 28c. with
sales. New Orleans Sugar was firm, with sales at sc.
for middling good fair quality. Whisky-No change.
The weather continues very mild for the season. From
the effects of the lite heavy rains the river has risen
quite rapidly, and we report about 23 feet of water in
the channel.

BALTIMORE, DEC. 13. Flour—The market was
steady, with a fair amount of business doing: sales of
2.000 barrels of 'Howard-street were made at 6 dolls.
25c. to 6 dolls. 37ic. Wheat—Sales of 3,000 bushels
were made, including Maryland reds, at 132 c. and
Maryland family white and mixed, and 62c. for yellow.
Provisions remained inactive, and sales were making
chiefly at retail. Whisky—No change.
CINCINNATI, DEC. 13.—Flour—The market was in-
active and we have only to notice a sale of 400 barrels
at 4 dolls. 75c. to 5 dolls. Wheat continued in fair de-
mand, with light sales, without change in price. Corn
—No change. Hogs—Sales of 2,000 head were made at
2 dolls. 50c. to 2 dolls 87ie. The latter figure for lots
of good quality. Old pork continues dull. We heard of
no sales worth reporting. Sales of 2,000 packages Lard
were made on terms not understood. Whisky—Sales
of WO barrels were made (rectified) at Vac. There is
a freshet in the river and.the water is very high.

NEW YORK STOCK-EXCHANGE, DEC. 14.
$7,000 Treas. Notes
6,000 U. S. 6's '56 ... 97

1,000 Illinios Special ••• •••
5,000 Penna s's
2,000 Reading Bonds ...
1,000 Reading M Bnds
38 Mechanics' Bank ...
6 Bank of Com scrip ...
200 Farmers' Loan ••• ••• •••
50 Vicksburgh
150 Morris ••• ••• ..• •••
30 N. Jersey R. R. ...
7 Stonington
125 Canton ...
100 Nor. sad Wor.
250 Reading
100 Long Island
1,000 Harlem R. R. ••• ••• •••
SECOND BOARD-DEC. 14.
$6,000 Treasury Notes ...
300 Harlem ... ••• ••• •••
40 Farmers' Trust ...
100 Morris Canal •• ••• •••
5 N. Hay, and Hart. ••• •••
10 Erie R. R.

... 68
... 64

... 104
... 50
... 27
... 35
cash 57
... 26
... 40

•.. 99
... 39;
... 25

... 92
... 60k

THE VERY REA"' °DR. MAGEE.
1« 4.

TO THE EDITOR 'OF ,THE SUN.
SIR,—In justice to my chara. .As a clergyman,
may I respectfully request you 4:‘,iittert in your
valuable columns the enclosed apolibgy from the
Herald of this day. It may not be irrelative to state
that the proprietor of the Herald,' Mr. Edward
Baldwin, by way of making amends to me for
inserting the libellous letter referred to, publishes the
apology, and pays all legal costs and charges. He,
moreover, has given an order on his banker for thirty
guineas, as a subscription to my poor schools of West-
minster, and delivers up to my solicitor the original
libellous letter, with the name of the writer attached
to it. Trusting that you will excuse this trouble, I
beg to remain, Mr. Editor,

Your obedient servant,
A. MAGEE, D.D.
Reform Club, Dec. 31, 1847.

On the 17th November last a letter appeared in the
Morning Herald, headed " Ireland—Romanism,„ in
which an opprobrious nick-name was applied to the
Very Reverend Anthony Magee, D.D., the Roman
Catholic priest of St. Mary's Chapel, Westminster,
and animadversions were made upon the reve-
rend gentleman, which, if well founded (and we be-
lieve them to be wholly unfounded) would seriously
impair his efficiency as a minister of any church.
The letter came to us with the name of a person on
whose accuracy we thought that we could rely, and
in justice to Dr. Magee we now express our regret
that any such charges should have appeared in our
columns, and we have afforded to him the best repa-
ration in our power, by placing in his hands the
means of knowing from what quarter the attack pro-
ceeded.

DESTRUCTIVE FIRE (Tans DAY.)—About four
o'clock this morning a dpstructire fire took place on the
premises of Mr. Eneas Mackenzie, printer, Poppin's-
court, Fleet-street. The establishment publishes the
Railway Monthly Time and Fare Tables, and, as is neces-
sary on occasions at the end of the week, the compositors
were engaged until the hour of ten in the composing-
room, and on leaving, everything appeared perfectly safe.
At the time above stated the upper door was noticed by
one of the police to show a great light, and, on alarming
those in the house, it was ascertained that the flames
were making rapid progress. Two engines of the
London establishment, from Farringdon-street, were
quickly on the -spot, followed by several others, when,
by a ready supply of water, the fire was got under, but
not before considerable damage was done to the property.
HOLLAND.—A change has taken place in the Dutch
Ministry. M. van Hall, Minister of Finance, has re-
signed with M. de la Sarral, Minister of Foreign Affairs,
and are replaced, the first by M. Rappard, and the latter
by M. van Randwyke, at present Minister of Home
Affairs, who is succeeded by AL van der Hard van
I)uivendyke. Stock was lower upon this 'Change, as it
is attributed to a difference of opinion between the King
and M. van Hall about the revisal of the Fundamental
Law. It is said that the King objects much to the pro-
posed revisal, and has therefore chosen M. van Happard,
who is knovt n as an extreme Conservative. _ .

- .
AN nosou, riumtsnAv EVENlNG.—lnvitations to
dinner and an evening party at Windsor Castle on Sa-
turday next (New Year's-day) have been sent out to-
dAy among the Nobility and gentry of the neighbour-
hood, including General and Lady Isabella Wemyss,
Colonel Chalk nor, of Patnall Park, &c. Her Majesty's
Christmas bounty to the poor of Windsor and its neigh-
bourhood will be also distributed on the morning of New
Year's-day, in the presence of her Majesty and the Court,
in the riding-house of the royal mews.
IR OF CLINICAL SURGERY.—Professor Miller,
now in the chsir of surge ry is ab out to be ;Li:peril-JAW by
,
Government to the chair of clinical surgery, vacant by
the removal of Professor Syme to London.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE.-FRIDAY.

The present week's arrivals of English Wheat having
been again very moderate, the show of samples here to-
day was small. Although the attendance of both town
and country buyers was by no means large, all kinds of
Wheat of home produce commanded a very steady sale,
at fully Monday's quotations. The imports of Foreign
Wheat have been large, and of full average quality. In
this article only a moderate business was doing, at late
rates. With Barley we were rather heavily supplied ;
however, sales progressed slowly, and, in some instances,
the currencies had a downward tendency. Malt met a
very inactive demand, and late rates were barely sup-
ported. Oats, Beans, and Peas were heavy, but not
cheaper. Indian Corn and Flour steady, at full prices.
ARRITALS.
Barlay. I Oats. Fleur.
7,770 qrs. 750 qrs. 3,710 Flu.
12,600

N;nglish

Wheat.
3,580 qrs.

Irish. ........
Foreign .• •• I 25,100

_ 1,500 1
Malt, 5,230 gra.
SIVZITIIPIELD.

Notwithstanding our market was seasonably well
supplied with beasts as to number, the Beef trade was
steady, and Monday's quotations were well supported in
every instance. The primest Scots sold at from 4s 10,1
to 5s per 81bs. There were on sale 233 Beasts, 770
Sheep, and 6 Calves, from Holland and Germany. The
numbers of Sheep were small, yet the inquiry for that
description of stock was in a sluggish state, at barely
stationary prices. In Calves a firm business was doing,
and the best qualities of Veal were rather higher. The
Pork trade was firm, but we can notice no improvement
in value. Mach Cows were heavy at from 141 to 1715 s
each, including their small Calf.

Per albs. to sink the offal.
a. d. to s. d.
Inferior Boasts.— • 3 4 3 g
i.cond quality •••• 3 10 4 4
Prime large Oxen •• 4 6 4 8
Primo Scots ••• • • • 4 10 i 0
Large coarse Calves 4 0 410
Prime small ditto •• 5 0 5 4
inckling Calves ..20 0 29 0
Inferior Sheep •• • 3 8 4 0
SUPPLY AT
Beasts, I Sheep.
1,105 I 3,310

s. 4. to s.
Second quality ditto 4 2 4 6
Coarse-vroolled ditto 4 8 5 0
Southdown tit ether 5 2 5 4
Ditto out orthe wool
Large Hog■ • . 4 0 4 6
Small Porkers .... 4 8 5 2
Quarter old Pigs ..20 4 25 0
Lambs ..... 0 0 0 0
MARKET.

I
911Y6es. I
Pigs.

NEINGATD AND I.I3IS.DENHALL.

Owing to the change in the weather these markets
were heavy, to day; on the following terms :

At per Stone by the Carcase.
s. d. to s. d, s. d. to s. d.
Beet, inferl4r.• ••.. 8 4 3 6 Mutton, inferior .. 3 4 3 6
- middling • . 3 8 310 middling.. 3 8 4 0
- prime large 4 0 4 2 prime •... 4 2 4 6
- prime small .. 4 2 4 4 Pork, large.... 3 8 4 6
Veal.... • . - small ........ 4 8 b 2

Lamb. Os Od to Os Od.
BOROUGH HOP MAItHET.

Although we cannot call our market brisk, the amount
of business doing in the best hops is improving, and the
late advance in the qnotations is well supported. The
middling and inferior kinds—the supply of which is
good—on a slow sale, at late rates. The following are
this dgy's prices:—Ncw flops: Sussex Pockets, 2116 s to
315=; Weald of Kent, ditto, 31 to 3/ 10s; Mid and East
Kent ditto, 315 s to .5/ 12s per cwt.

SECONDARIES.—(THIS DAY.)
(Before Mr. Secondary POTTER.)
THISELTON V. THE SOETII-EASTERN RAILWAY

COMPANY.

This was an action to recover damages under the fol-
lowing circumstances :—The action was brought under
an Act known Ks Lord Campbell's Act, whereby the
relatives of persons killed through negligence or acci-
dent, are entitled to recover damages by civil action.
The plaintiff in this suit sued as administrator of his
wife, Mrs. Mary Thiselton, deceased. The defendants
at first pleaded that they were not liable, as the
accident by which the deceased met her death was
on works proceeding with under contractors—the plea,
however, was withdrawn, and defendants admitting
their liability. This was an inquiry to assess damages.
The parties, however, had come to an arrangement,
and a verdict for 2001. was taken by consent-1001.
being apportioned to the plaintiff, and the other 1001.
to the three children.

A discussion arose as to the form of drawing up
the postea,
The Learned SECONDARY observing that it was a
novel case, and the Act was faulty, and must be
amended, as to the direction of the division of the
property.

The Solicitor to the Company said that in fact the
contractors were the defendants, who would have to
pay the money, although the company felt they were
legally liable. He wished to state that the accident
arose from some of the timbers of an arch forming
over one of the streets in Bermondsey having been
knocked away by a cart, but the coroner's jury, after
a very patient inquiry, had returned a verdict of
accidental death, and that no blame was attributable
to any party ; he, however, regretted to say that
another person besides deceased met their deaths.
The Learned SECONDARY asked if any arrange-
ment had been come to as to costs.

The Solicitor to the Company said that they would
pay all the costs, even those of the letters of admi-
nistration.
A verdict for 2001. was then entered.

•
• 4,t,
•
S. • tit*
25-11
, A