The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1844-01-16 00:00:00

AMERICA.

By the packet-ships Liverpool and New York, we have
received New York papers from the 16th to the 21st ulto.,
inclusive. The steam-ship Hibernia arrived at Boston on
the 20th ultimo.

The proceedings in Congress are interesting. On the
19th ultimo, in the Senate, Mr. M`Duffie, of South Caro-
lina, introduced a bill to revise th, Tariff Act of 1833,
commonly called the Compromise Act, and to modify the
duties in imports according to its provisions. The bill
provides the striking out the minimum valuation assumed
by the Compromise Act, and substituting the actual value ;
that no duty shall exceed 30 per cent. ; that, after the 31st
December, no duty shall exceed 23 per cent. ad valorem;
that, after the 31st December, 1814, no duty shall exceed
20 per cent. ad valorem. The bill was, on the motion of
the originator, referred to the Committee of Finance. In
the House of Representatives, on the day previous, Mr.
Rhett, also of South Carolina, submitted a motion to in-
struct the Committee of Ways and Means to report a bill
repealing the existing Tariff, and, in lieu thereof, to sub-
stitute a Tariff of which the maximum duty shall he 21) per
cent. ad valorem. A motion to suspend the ruler for the
reception of this proposition was lost bp 77 to 107. The
subject of the validity of the election of the members for
Missouri, New Hampshire, Georgia, and Mississippi was
being debated. On the 18th, Mr. Hunt, of New York,
gave notice of a proposition to provide for the amendment
of the constitution, so as to render the President ineligible
a second term.

The Secretary of the Treasury has given notice, that
vessels of the Republic of Texas arriving in ports of the
United States and their cargoes, become liable to, and are
to be charged with the several tonnage and other duties
levied on foreign vessels and their cargoes ; being the result
of the Congress of Texas having compelled the payment
of discriminating duties on vessels from the United States
in any of the ports of that republic.
A meeting was held, in New York, to expose the various
firms of alleged swindlers which are said to have invested
the large community of that place.
The New York papers announce the death of Smith
Thompson, Judge of the Supreme Court of the United
States.
Stocks bad declined at 'New York. There was very
doing in any article of trade.
Cotton was more active than any thing else, for, in most
cases, a small advance had been paid on previous rates,
but holders were quite stiff, and the amount onsale was
small. In flour and grain prices bad an inclination
downward.

By the steam-ship Hibernia we have received New York
papers ten days later than those brought by the packet-
ships.
The Legislature of Alabama met on the 4th ultimo.
The Governor, in his Message, reprehends, in manly
terms, the doctrine of repudiation ; and proposes to raise
by tax the necessary funds to meet the interest in the
State bonds falling due after this year, up to which time
provision has been made for payment.
The financial condition of the State of Maryland is re-
presented as embarassed and unpromising in the highest
degree.
From the statement of the receipts and expenditure of
the State of Pennsylvania it appears, that there was a
considerable balance in the treasury, on the 30th Novem-
ber last ; and hope is, it is said, confidently entertained,
in some quarters of Pennsylvania, that, on the Ist of
August next, a considerable payment of arrears of interest
will be made to foreign creditors.
The operations in foreign Exchange for the steamer,
had been to a considerable extent, the market closing firm.
It was not considered probable that rates would decline
materially for some time. as the importations for the
spring trade would be heavy, and the necessary remittance
for stocks purchased in Europe, would cause such a de-
mand, that, should the supply be deficient, shipments of
specie would inevitably take place. We quote the rate of
Exchange on London at 109 to 109. i.
The state of the Stock and Money markets is thus given
in the article of the New York American, prepared for
the steamer :—" The aspect of our Money market has
undergone some variation since our last notice, by reason
of the rise of Exchange upon England and the compara-
tive scarcity of Southern bills. This cause, coupled perbaps
with excess in speculation in stocks, has led to consider-
able fluctuations in the Stock market. particulary on Sat-
urday last, when there was a general fall in prices of from
2to 3 per cent. Since that time, however, there has been
a partial rally."
We have received Montreal papers to the 23d and
Kingston papers to the 22d ultimo. There is no news of
consequence. Addresses were pouring in from all parts
of the province, approving of the stand taken by his Ex-
cellency the Governor-General, and expressing a firm
determination to support him.
We have advices from Buenos Ayres to the Bth Novem-
ber. The Argentine Republic is said to be gaining
strength, while the Banda Oriental, under Rivera, is pro-
portionally falling. At Buenos Ayres affairs are quiet, and
trade, though dull, is prosperous. The bloclid? of Monte
Video, being only partial, is said to be quite ineflectual.
It excludes only fresh provisions. A sally was recently
made by the besieged, which extended to the port of Bu-
ceo, which was pillaged and destroyed. The captain and
collector of the port and one of Admiral Brown's officers,
said to have been an American, were taken and probably
executed. The prospect is, that war will continue fora long
time. A Minister Plenipotentiary has recently arrived at
Buenos Ayres from Paraguay. The trade of Corienties is
closed. The Buenos Ayres Packet, of the 14th inst. gives
a translation of rome letters, purporting to be intercepted,
from Rivera to his wife, representing the Monte Videans
as much 'reduced in means and spirits. The same paper
says, that numerous deserters from Rivera to the Argen-
tine army were daily arriving. It adds, that " the remains
of the force of Flores and Estivao, routed by General Ser-
vando Gomez, on the 27th of September, were overtaken
by General Angel Nunez, on the 13th of October, and
completely cut to pieces."