, 1860-09-21

gaining important victories Of late. They
utterly roalea the Imperial army, besieg.
ing Nankin. and then took the city Of 500
chow The latter place IS so miles from
Shanghae, and 50 much CONSERVATION pre-
vailed that the Chinese Authorities request
Cd the British and French to take posses
don q tbe cly. which they did.
The Hongkong Trade Report says:
Regarding The Nsnkin rebels-the gene
Til Impression Is that they are better i'm
formsd touching foreign affairs than is usu-
an Supposed, and that their movements
have laiierly been accelerated by the
knowledge of the allies being about to
bring pressure to bear on the Imperial Gov
ernment By last advices, the rebels were
organizing themselves at SOOchOw, to pro
ssed on some grand expedition, and there
seems to be little room to doubt the report
70 the effect that their object is to march
on Pekin, BY way Of the Grand Canal-a
step which may greatly embarrass the al.
red pleBipoteuiiaries, il carried ont
What has become Of the Imperial army
which was routed at Nankin is DOT known,
bat Il has probably fed in a northwest di-
feetio6 IN any case il cannot be disputed
that the Imperial cause 10 the valley OF
the Yangtsze is utterly annihilated for the
present, without the snalles. apparent pros
pset Of lis revival. Such IS the panic even
ct Shanghae. and such the dread Of the
atrocities committed by the belligerents on
The people, that although French and Brit
ish troops and vessels have undertaken to
gnard the city from attack, and have oc-
e1pled OuipOsts aud adopted other suitable
measures, still the fears Of the people can
not be allayed, and all the respectable citi-
Esns have evacnAied the place with their
property. Even the Chinese merchants
who are acquainted with Europeans have
engaged foreign vessels at high rates, to
deposit 10 Or ship Of their goods and mer-
ehandise. Nothing can exceed the panic
existing. Trade, Of course, is at an end,
and Foreigners can hardly find storage room
Ior The heavy stock Of import goods Which
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Taiho lake. the people rose upop them and
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he Gr.pd Canal
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