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

ARRIVAL OF THE HIBERNIA

(FROM OUR CORRESPONDENT.)
LI VERPOOL, MONDAY AFTERNOON.
The steam-ship Hibernia, Captain 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 foga when off 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 fio 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 106 i, 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 prevent no features of parti-
cular note. In the Senate, on the 25th ult., 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 he 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. Ge
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 same
day, Mr. King, of Georgia, offered 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 I,ur steam -ships-ot-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
imposing duties on those now free, to meet the expenses of
the war.
The following important resolutions had passed the State
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
of this country to sustain its Government in all proper mea-
sures for the prosecution of the war, in such a manner as our
national honour oral interests demand, until it shall be ter-
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 and its
citizens.
" Resolved—That if any territory is hereafter acquired by
the 'United Stater, 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;
Congress
having And whereas, measures are now pending in Congress
having in view the appropriation of money, and the 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, andou
Representatives requested, to vote against anya
measure
sa
what-
ever by which territory will accrue to the Union, unless "
Part of the fundamental law upon which any compact
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 Phil iclephia North American the fol-
lowing statement:—
" The Secretary of the Treasury will recommend an
in-
crease of 10 per cant. on coal, and 10 per cent. on iron—
generally, generally, a reduction of 10-per cent. on scythes. B,ces,:. •
upon which he says the revenue is depreciated by pr niui-
tion, and in which he is 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 PelloYlvama and
Louisiana. Some of the other schedules arc changed to effect
other latitudes. He renews the application's 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." • on the
In the Pennsylvania House of Representatives
he in-
-23d ult., the Bill for providing for the payment
terest falling due on the state debt on the let
00
of ol.'atbruary
and Ist of August next, and appropriating 2,0—, 0 dolls.
for those purposes, was read a second and third time and
passed.
From the seat of war there is not any
rumoured
Mexican that
I,gence of moment. It was intel-
General Quitman's division and some
troops at Matamoros had had anengagement,'s
hut no faith was attached to the report. Santa Anna
movements were doubtful. Vera Cruz aideaAn Jmuearnieadne
Ulloa were to be attacked shortly,
forces were making every preparation for an efficient
and decisive battle.
Commodore Connor had dispersed the Ye
the
squadron along the Mexican coast, tosseffisecotually
and rigorously blockade it. The Americana as
had cap-
tured, under a heavy fire, a vessel that was attempting to
land her cargo at Anton Lizard°.
From California there is no late intflliegebneoel.ef, Nothings a
t ita
had been heard of General Kearney n
Fe with a small escort of dragoons to cross the continent
of Monterey, on the Pucific.
Accounts from Santa Fe to November 29,
f,
tltBh-la6t p
, State
that about 400 of the Mormon troops bad 1
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 Boston 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 had her advicea be.
come known than merchants at once proposed to take
advantage of the favourable reports. Higher prices were
instantly demanded, and, of course, 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 31stj ultimo
contains the following remarks on the subject:—
The news brought by the Hibernia, of the advance in cot-
ton, and particularly in breadstuffs, which was not antici-
pated, was received here on the 25th, and created an unusual
excitement in the market, which has continued ever since in
perm
ealbaBBrrel.
to
the most animated state. The prices of cotton have advanced
one cent. per pound. Flour 1 doll. to 1 doll. 25c.
Wheat from 30 to 35 cents. per bushel, and corn
100 per barrel. Freights to Liverpool have reached 73. for
flour, 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 546,0081., 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 generally
prevailing impression, that in consequence of the prosperous
condition of our foreign trade money would be abundant.
Most of the specie has reached Wall-street. Money•
easy
at 7 per cent. in the street, and the banks are strong.
Foreign Exchange has advanced, but the supply equal
to the demand. We quote bills or, London 1,0614 to 1,063' , •
Paris sf. 40c. to sf. 37c.

We also ;ohjoitt the following particulars respecting
the leading Flour markets throughout the Union
O.—Holders have accepted a Hui,
eaaier•pricas fur fluor sloe:, oar Ltsi, and the consequence has
been the transaction 'of an increased business, amounting to
`3,0t5 bbl., chief!), Itt. 4 d0P.53 621 cent,. for g9o,:i
urands 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
sales being receded .se. per bushel. About 16,000 sacks