The Sun.
London, England, 1856-01-18 00:00:00

AMERICA.

LIVERPOOL, THURSDAY.
The United States snail steam-ship Pacific, Capt.
Eldridge, arrived here this morning from Now York,
with the usual mails, 63 passengers, and $21,000
in specie. She left New York on the sth instant.
Capt. Eldrige reports that at 4 p.m. commenced
one of the most severe gales from E.S.E. ho had
over experienced, it lasting► all night and most of
the 6th inst., in which he lost his starboard guard
board. During the remainder of the voyage easterly
winds.

The Royal mail-ship Canada, hence on the 22d
ult., hail not reached Halifax at 2 a.m. on the sth
inst.
Is the United States Senate on the 3d inst. the
report of the Secretary of the Treasury was pre-
sented, and 10,500 copies were ordered to be
printed. Senator Hale then made a severe attack
upon the President's Message, the manner of its
transmission to Congress, and its author's presi-
dential aspirations. Mr. Wilson offered a resolu-
tion calling on the President for information rela-
tive to the state of affairs in Kansas. The Senate
then adjourned till Monday. In the house Mr.
Walker offered a resolution declaring Mr. Boyce
(dem.), of South Carolina, Speaker. Amendments
were severally proposed, substituting the names of
Messrs. Banks aad Pennington. The resolution
was finally tabled by 66 majority. Three additional
votes for Speaker were then taken, and on the last
and ninetieth trial Mr. Banks still waited 6 Totes
of an election.

In the New York Senate, on the 4th inst., a bill
was presented to amend the general banking law as
far as relates to bonds and mortgages as a basis for
banking. It is the same as the bill introduced last
year providing for a margin of 20 per cent. on
mortgages deposited by banks. In the Assembly
seven additional votes for Speaker were taken with-
out change in the result. Both branches adjourned
till tke 7th.

An interesting report on the effect of the recipro-
city treaty between the United States and Canada
was made by the Hon. J. Phillips Phenix, at a
meeting of the New York Chamber of Commerce
held on the 3d inst. From this document it appears
that the trade between the two countries has quad-
rupled during the last three years, and is only
exceeded by two countries, viz., England and
France. Its value is nearly equal to the commerce
of the latter. The report recommends Congress to
still farther extend the principles of the reciprocity
treaty, by admitting other articles of produce free.
A report was also made ou the usury laws, in which
tie Chamber adheres to their formerly expressed
opinion in favour of their entire abolition by the
State Legislature.
The financial statement of the commissioners of
Emigration for the year ending December 31, 1855,
shows that the total indebtedness of the commis-
sioners is 63,031 dols ic. Durieg the year 136,233
emigrants have arrived at New York, which is
182,990 less than the number that arrived during
the year 1854.
The other news by this arrival has been antici-
pated by the Asia, last arrived.

COMMERCIAL INTELLIGENCE.
NEW YORK, Jan. 5.
' Exchange.--Prices were nearly the same as before,
but the business was limited, contrary to the expecta-
tions of sellers, who looked for a large demand, fur re-
mittances of dividends, interest, &c. The market in
general closes flatly. We quote bills on London, 74
to .% per cent, prem.
Cotton.--The circular of T. J. Stewart and Co., of
this date, says :—"Since the 24th ult. the market has
been quiet ; bnt holders have offered their supplies so
sparingly that prices have been well maintained.
The sales, up to 31st ultimo were about 700
bales daily ; on that day they rose to 2,200 bales.
The amount of business since was, 1,000 bales on Wed-
nesday, 900 bales on Thursday,and 1,200 yesterday, dos-
ing very firm at our quotations. In regard to the crop
the tone of public sentiment is that, with ordinary navi-
gation, at the present scale of prices, 3,560,000 bales
will be delivered at the ports. The receipts at New Or-
leans, by mail dates so far, although 261,000 bales in
excess of last year, are only from the Mississippi and
Ouachita rivers, but little having been received from Red
River, which is still unnavigable, except near its mouth,
and contains nearly three crop; ; nor any from several
other important tributaries of the Mississippi. At our
last advices many streams in that particular section were
falling, so that it will not do to compare the receipts
with 1852, when navigation was generally free. From
South Carolina and Alabama we have for the past
week had advices of heavy rains, and from their
Volume in the latter state we are satisfied that the
rivers are at this moment navigable for the largest class
of boats. The amount of cotton still in the fields is re-
presented as large for the advanced state of the season,
and every effort is being made to get it in. In regard
to the course of prices we offer no opinion ; public sen-
timent favours an improvement at present, even with
3,500,000 bales.