The Sun.
London, England, 1847-02-16 00:00:00

NINE DAYS LATER NEWS,

ARRIVAL OF THE HIBERNIA.

(FROM OUR CORRESPONDENT.)
LIVERPOOL, MONDAY AFTERNOON.
The steam-ship Hibernia, Caplan Ryrie, arrived in
the Mersey at an early hour this morning, after a rapid
voyage of 13i days. She brings 75 passengers, and a
heavy monthly mail.
The Hibernia's outward passage was rather more pro-
tracted than usual, as she had-to encounter heavy gales
from the westward, and fogs when tiff the coast of Ame-
rica. In a political point of view her news, which is
nine days later from the United States, does not possess
much importance. The commercial intelligence, how-
ever, is highly important, and will no doubt tend much
to influence the general aspect of commercial affairs in
this country. Under these circumstances we shall first
allude to it.

It is most satisfactory to be enabled to report that the
improvement in the exchange on England is fully established.
The latest quotation at New York, for the steamer Hibernia,
was 1061, and a large business was done. The gold taken
out by the Hibernia had the immediate effect of turning the
balance of trade, or, at all events, of making it a matter of
doubt whether further shipments of specie would render a
profit to the English exporter. The further supply of
300,0001, sent out by the Cambria, will give a large amount
to draw against, and must tend to relieve anxiety on this side
as to future requirements of bullion.

The proceedings of Congress present no features of parti-
cular note. In the Senate, on the 25th tilt., Mr. Benton, on
leave, made a speech in vindication of the President for
having proposed the creation of the office of Lieutenant-
General of the army. The plan, he stated, was his, not the
President's. In September the President had offered him the
mission to France, which be positively declined. In No-
vember he sent for him, and asked his opinion relative to the
future conduct of the war. He (Mr. Benton) gave his plan,
and afterwards put it in writing, but would not disclose it.
He would say, however, that it required one head for the
whole army, and that the war should he prosecuted vigo-
rously, living on the enemy, and levying contributions. le
neral Jackson had offered him the command of the army in
1836, in case of war with Mexico. In 1812, he (Mr. Benton)
was the military superior of every general new in the ser-
vice. He mentioned these things only to vindicate the Pre-
sident. On the 27th the Treasury Note Bill was read a third
time and passed. Mr. Cilley's resolution to withdraw the
troops from Mexico was taken up, and after some remarks,
Mr. Cilley made an explanation, and the resolution was laid
on the table—yeas, 44; nays, 0. In the House on the Anne
day, Mr. King, of Georgia, ofered a joint resolution, which
was passed, directing the President to procure gold and silver
medals for the officers and the men of the French, Spanish,
and English vessels of war, who aided in rescuing the seamen
of the brig Somers. The Bill to increase the pay of and
grant bounty land to the regulars and volunteers of the army
was finally passed by 171 to 18. Mr. Schenck moved a sus-
pension of the rules to introduce his resolution relative to
the withdrawal of the troops from Mexico to the east, bank
of the Rio Grande, which was negatived by a vote of 28 to
150. The two Senate amendments to the Treasury Note Bill
were agreed to.
In the Senate on the 28th, Mr. Upham presented a resolu-
tion from the Legislature of Vermont against the Mexican
war and the acquisition of slave territory. The Committee
on:Naval Affairs reported a Bill,to provide for the construction
of four steam-ships-of-war.
Mr. Niles offered a resolution declaring it necessary to
raise an additional revenue of 5,000,000 or 6,000,000 dolls.
annually, by increasing the duties on articles now taxed, and
the war.
duties on those now free, to meet the expenses of
The following important resolutions had passed the Stew
Legislature of New York by a vote of 23 to 6 :
" Resolved—That, as war now exists between the United
States and Mexico, it is the imperative duty of every citizen
a all
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minated by an honourable peace.
" Resolved—That no peace with Mexico can be regarded
as honourable to the United States which shall not secure
from that republic full indemnity for the aggressions which
it has committed upon the rights of this country aid its
citizens.

" Resolved—That if any territory is hereafter acquired by
the 'United States, or annexed thereto, the act by which
such territory is acquired or annexed, whatever such act may
be, should contain an unalterable fundamental article or
provision whereby slavery or involuntary servitude, except
as a punishment for crime, shall be for ever excluded from
the territory acquired or annexed.
" Resolved—That the Senators in Congress from this state
be instructed, and that the Representatives in Congress from
this state be requested, to use their best efforts to carry into
effect the views expressed in the foregoing resolutions.

"Resolved—That the President of the Senate and the
Speaker of the Assembly be requested to transmit a copy of
the foregoing resolutions to each of the said Senators and
Representatives."
The following resolutions upon the same subject have
been passed in both branches of the Pennsylvania Legiala-
tare—in the House by a vote of 96 to 0, and in the Senate
yeas 24, noes 3 :
" Whereas, the existing war with Mexico may result in
the acquisition of new territory to the Union ;
".end whereas, measures are now pending in Coegs
having in view the appropriation of money, and th con-
ferring authority upon the treaty-making power to this end;
therefore,
" Resolved by the Senate and House of Representatives of
the Commonwealth of Pennsylvania in General Assembly
met,—That our Senators in Congress be instructed, and our
Representatives requested, to vote against any measure what-
ever by which territory will accrue to the Union, unless as a
part of the fundamental law upon which any compact or
treaty for this purpose is based, slavery or involuntary servi-
tude, except for crime, shall be for ever prohibited.
" Resolved,—That the Governor be requested to forward a
copy of the foregoing resolution to our Senators and Repre-
sentatives in Congress."
We copy from the Philide'phia North American the fol-
lowing statement
The Secretary of the Treasury will recommend an in-
crease of 10 per cent. on coal, and 10 per cent. on iron—
generally, a reduction of 10-per cent. on scythes, axes, &C.,
upon which he says the revenue is depreciated by prohibi-
tion, and in which he i 3 decidedly mistaken, for the policy
has not been fairly tested. He will_ also recommend 30 per
cent. increase on refined sugar. It will be seen that these
concessions are made for political effect in Pennsylvania and
Louisiana. Some of the other schedules are changed to effect
other latitudes. He renews the applications made to the
House for a tax of 20 per cent. on tea and coffee. Whatever
may be the fate of the last proposition, I regard the others
to be entirely out of the question."
In the Pennsylvania House of Representatives on the
23d ult., the Bill for roviding for the payment of the in-
terest falling (Inc on the state debt on the Ist of February
and Ist of August next, and appropriating 2,000,000
dolls.
for those purposes, was read a second and third time and
passed.
intel-
From the seat of war there is not any
ligence of moment. It was rumoured that
General Quitman's division and some Mexican
troops at Matamoros had had an engagement,
but no faith was attached to the report. Santa Anna's
movements were doubtful. Vera Cruz and San Juan de
Ulloa were to be attacked shortly. The American
forces were making every preparation for an efficient
and decisive battle.
Commodore Connor had dispersed the vessels of the
squadron along the Mexican coast, so as to effectually
and rigorously blockade it. The Americans bad cap-
tured, under a heavy fire, a vessel that was attempting to
land her cargo at Anton Lizardo.
From California there is no late intelligence. Nothing
had been heard of General Kearney sinco he left Santa
Fe with a small escort of dragoons to cross the continent
of Monterey, on the Pacific.
Accounts from Santa Fe to November 29, 1846, state
that about 400 of the Mormon troops had left that place
on the 18th for California, under the command of Colonel
Cook.
From Canada we have late accounts, but the contents
are uninteresting.
Great exertions were being made to assist the desti-
tute in Ireland. •

COMMERCIAL INTELLIGENCE.
' We have given in our last American news' dispatch a
report of the New York and other markets, up to the 23d
of January. The Hibernia reached Bo3ton on the 25th,
when the demand and price of all kinds of provisions
were much the same as we quoted on the arrival of the
Queen of the West, but no sooner hadhoeproascled to takebe-
comeviceaknown than merchants at once
pr
a
advantage of the favourabl e r poureorts.Higher prices were
instantly demanded, and, of e,H paid ; and in the
course of about twenty-four hours from the time the news
became known in New York, the value of every kind of
grain and grain produce, rose nearly 25 per cent. above
previous prices. A New York paper of the 31st/ ultimo
contains the following remarks on the subject:._
The news brought by the Hibernia, of the advance in cot-
ton, and particularly m breadstuffs, which was not antici-
pated, was received here on the 25th, and created an unusual
excitement in the market, which haa continued ever since in
the moat animated state. The prices of cotton have advanced
one cent. per pound. Flour 1 doll. to 1 doll. 25c. per barrel.
Wheat from :30 to 35 cents. per bushel, and corn meal SS to
100 per barrel. Freights to Liverpool have reached is. for
dour, and 23d. for grain ; vessels continue scarce.
The effect of this intelligence, and the large amount of
specie brought out by the steamer, have caused great buoyancy
in the money market. According to the manifest, the Hibernia
brought 546,0001., but it is asserted that she had fully 3,000,000
dolls, on board. Stocks of every description have advanced,
but there was previously an upward tendency, caused partly
by the financial measures of the Government, the issue of
Treasury notes instead of proposals for a loan. which capi-
talists had been led to expect, and partly bY a generall)
abundant) ro p erou-
Prevailing impression, that in consequenc.eotioird
tl
biee i
condition of our foreign trade money v,
Most of the specie has reached Wall street. Money is easy.
at 7 per cent. in the street, and the banks are strong.
Foreign Exchange has advanced, but the supply is equal
to the demand. We quote bills on London 1,004 to 106%;
Paris sf. 40c. to sf. 37c. ,

We also subjoin the following particulars respecting
the leading Flour markets throughout the Union :
NEW ORLEANS, JAN. 19.—holders have accepted a little
easier prices for flour since oar last, and the consequence has
been the transaction of an increased business, amounting to
23,000 bbls., chiefly at 4 dolls. 62i cents, for good shipping
brands of Ohio. We quote St. Louis choice brands 5 dolls.
a 5 dolls. 25c. per bl. The advanced prices paid for corn, as
noticed in our last report, have not been maintained, the
halo lwriug receded Oc. per kv-glel, About 16,009 acid