The Sun.
London, England, 1847-02-06 00:00:00

~,p.

AMERICAN NEWS.

LATER AND IMPORTANT FROM DSEXIC°
AND THE UNITED STATE S.
LIVERPOOL, FRIDAY NIGHT.
The splendid and really fast-sailing New Y( sit packet-
ship Yorkshire, Captain Bailey, has just an ived here
from that city, after a passage of twenty d 'aye. She
brings papers to the 17th ultimo,' four days later than
the accounts already received via Havre.
The chief item of important intelligence is that
to the war with Mexico. We take the follow; ng sum'
mary of news from one of the New York Pal ter 3 just
received:—
" The great topic of interest here, and possibly
Saab as and
as connected with the war between the Uniteu
s off
Mexico, has been for some time to ascertain t MT' '„,-;11v,
the Mexican Congress; as to the pacific overture is I°l
in lump?,
eating
made by thi3 country. We have information of t ye
of the Mexican Congress on the 4th ult., but up
to which dates from the capital have been re I:ol,,ed' no:
direct reference seems to have been made to this saiject,.th
that a previous rumour which obtained general en del` r 4021
us, that the Congress had refused to entertain any prePs",-De
from our side while the American soldiers remah ted 43?
t er 815th,
soil, and American cruisers off the ports of Me., :icor 11
Psi?
founded. But the Congress is said to have declare for ,
Anna as President, and this would seem to give authority
to the language of that personage in his last letter to Genera!'
Taylor, in which he expresses the decided op inion tbo
Mexico will never treat for peace while the enet ey's toe„,Ps
occupy her soil. A few days more will probably g eve Pox"' -
intelligence on this point.
"The solicitude telt here for some days past fe t the fate of
General Worth's corps in the advanced post S altillo, Me-
naced by a much larger force of Mexicans from San Luis de
Potosi, was relieved this morning by the intelligence the!'
instead of striking at Saltillo, this Mexican fc are had SW
vanced towards Parras, in the expectation pro/ *My of sir
prising General Wool who had occupied tha t place, but
who, it now seems, in obedience probably to an terior orders,
had united his detachment with that of Gene ral Worth
Saltillo. General Twiggs and also General C pitman, with
their respective commands, had reached Salt illo, and the
combined force would be able to hold that ph ge—if proms'
sions and water fail not—against any attack. Meantime
General Patterson had reached Victoria, and I 1/1.18 shut uP
the pass from the sea-board to San Luis.
" Major-General Scott had embarked on th' Rio Grande
for Camargo, and would probably assume the co nimend'ill..
chief on reaching there, acting therein in per fat harmony •
with General Taylor, who, we are quite sale Ii 1 assumell4l
instead of desiring to be relieved and return home, erhi
cheerfully co•operate with his senior officer it .nd friend,
General Scott, in all places and movements- for the good of
the service.
" On the Gulf coast another blow has beers al slick at the
resources of Mexico by the capture of Lagur ca d e 100 Tenni'
nos, in the provinces of Tobasco, and of so me cannon and
munitions of war there.
"In the Congress of the United States , amid a good
deal of animated discussion about the origin and conduct
of the war, but one opinion prevails as to propriety and
necessity, now we are in, of fighting it out, and men and
money will be freely voted. Already A Bill br raising tea
new regiments of regulars has passed LL'e Hot tse, and bob
been promptly taken up in the Senate. A nothe r Bill autho•
rising a bounty of 12 dolls. to each enlists, 1 ass n had prin't'
ously been passed, and is now the law, and rem-Luting under
it has commenced.
" There is more difficulty about money t hart about wen.
The state of the Stock Market, in which tt se -United States
Six per Cent. Stock list issued, is selling it 97 or three per
cent. under par, combined with the infix name of the sub-
treasury law, which requires that all pay] wants to the Or
vernment shall be in coin, operate strongly against the PO'
sibility of effecting any new loan at or near par for a six Po
cent. stock. In order to obviate these diffi tattles a Bill re'
ported from the Committee of Ways tine I Means is nel
before the House of Representatives, author Lying the issue 0
twenty-one millions of Treasury notes, i a sums of fro°
50 dolls. to 100 dolls., bearing six per ce at, interest, pay'
able at the end of two years, or with I ;he privilege,
the option of the holder, of being exchan ged' for a six P°'•
cent. stock having twenty years to run—the se notes to be
transferable by endorsement, and receivAbie :for all dues to
the United States, and the proceeds from th e sales of the
public lands, which average some two mil limos to two and
a half million of dollars, to be specially ph edged for paying
the interest on these notes, which, moreover, may,he re-issued
at pleasure, so that the whole amount in cu talation at 101
one time does not exceed the original sum :.of tiventy-000
millions.
"This issue, it is thought, if sanctioned:. by Congree,
will find favour with the public, as offering- :a safe irrves,"-
ment for surplus funds, of which a large at no .unt is on de'
posit in the various banks, with all the ch an ces of a ve°
in the United Six per Cent. Stock, which th e restoration
of peace in the intermediate time could not; -lan to brief*
Being transferable, moreover, by endorsement;a, and issued 11!
small sums, they will constitute a valuable as d conveniesb
currency.
" The effect upon the general currency and business hi.;
terests , of such an absorption of the capital us= slly employn
in commerce, may indeed be prejudicial. Yet. even this 0;
would be much mitigated, if a large portion of • the issue
in notes of small denomination, which in that et Lso would P
from hand like bank notes.
"At any rate this seems the moat, if not the only feasible
~cpt to
plan for raising money, and what is hardly less or
the Administration, of avoiding the imposition of taxes,
the augmentation of duties." lti
Resnectiag the commercial news, we find tho
a paper of much repute is New York. It is. &tea ,u7",:„-atant
" Since the departure of the steamer o f Ole t,,-712-, the
there has been a good deal of animation aad .basins °rani
cotton and produce market. The advance i a cothr ant. per
since that date may be stated at from 1/2 to - for borne
lb., and the demand is still good, mostly, h evielry' erpoel for
consumption and for speculation. Freigh. ; to, Dive front
square bales is from ss. 6d. to 3s. ad. per 1 b.; to
1 to I% cent.
.. For beat flour the price remains about 6 dolls. 50 CelltB4
without any very animated demand.
" In Exchanges on Europe there is con siderable activity,
with an upward tendency. Bills on Lond' on range from 51
to 6*, on France at 5 42t to 5 43i.
" Below 6i on London bills, coin can st ill be imported to
pay commission, and considerable sums are fooked for by the
steamer of the 4th instant."

A correspondent, on the 16th of January , observes :
" The markets still sleep in the torpidity of winter. Though
cotton is rather brisk, and with an upwarcV tendency, yet no
quotations to be relied on as permanent, cara fairly be made
until after the arrival of the Hibernia, n.)117 expected in
few days. The sales for the last week .New York have
varied at from 1,200 to 2,000 bales per lay. Freights are
lower, and ships becoming tolerably nun ierous-4s. 9d. foi
flour, and 17d. for grain, are the average rates to Liverpoo
Exchange on London is rather scarcer la a usual in the
market, and up to 54 and 6 per cent. ; oai Paris,. sf. 421%
Stocks are dull. Money 6to 8 per cent. F lour is il_rra far
5 dolls. 50c. for Genessee, but not brisk ; 4. dolls. 70c- 1:
Pennsylvania ; and 4 dolls. 75c. in Baltime're ;4" diictto
mond city, 9 dolls. 50c. to 75c. ; Indian coin, ue'
meal, 3 dolls. 871 c. ; Ohio wheat, 111 c. Get LICSSCe, 118 C.

RAILWAY RETURNS.
0 80.
RAILWAY TRAFFIC.—The following are the Tot al RecciP— ma
~reu
ways for the past week—that Is to say, up to the date to 11..
respective returns are made, together with the ) receipts of the 0"
week in the previous year:

.
old •
a VS.
V .1.
g
3.............
X
164
40
578
961
256

Week
ending

Last
week.

NAME OF RAILWAY.