The New York herald., 1862-02-06


to be found in the fact that the London Times COM
ments on this speech and the attitude of the oa'-
ford men in a powerful article, in which II con-
demns both, and warns the government OF Great
Britain against any interference or intervention
armed or politically active-in the affairs Oh
the United States. The writer states tnat
great pressure will, no doubt, be exerted on the
government in favor of the rebels OF the South
after Parliament meets, but he adds, the true
d. olicy of England ia to suffer little longer and
let the event in America work itself out, as it will
not be long in doing So "It may indeed, be doubt
full whether our interference would not rather re-
tard than hasten the desired result Of opened ports
and large supply of cotton. Let US, then, pur-
sue our honest course of standing quite aloof."
Advices from Manchester state that the shorten
ing of the hours of labor in the factories is gradu
ally extending, and in course Of the next week or
two the movement promises to become more ex
tensive.
France was still inclined towards an active in
terventon but there is little doubt that the altered
tone of the London organ will have much influence
in directing the mind of Napoleon in the opposite
direction.
Lord John Russell's letter to the Liverpool Ship.
owners Association on the subject of the block
ing up of Charleston harbor-whch was mentioned
by the Africa-is published in ertenso in the
HERALD to-day.
A Charleston vessel, freighted with spirits of
turpentine, had arrived in the Mersey. She the
blockade and her captain has asserted in England
that the sinking of the whalers in the channel will
improve the entrance to the port, the obstruction
causing it to deepen through the action of the
tides.
The allied treaty against Mexico had been re.
vised by the addition of sort Of rider, attached
to it by agreement between Admiral Rubslcaba,
the naval Commander of Spain, and the captain of
the French frgate Foudre. By this Spain con-
sents that France shall take the lead in an advance
on Mexico City, which the troops Of Napoleon will
hold, perhaps for some years, in order to restore
peace to the country. The London Times says
England will not object to such o movement, as
she has no desire to "uphold the Monroe doctrine"
CONGRESS.
In the Senate yesterday, the resolution offered
some time since by Mr.. Carlle, of Virginia, rea.
tive to the finances of the country, was referred to
the Financial Committee. The West Point Aca
deny Appropriation bill was passed without
amendment. Aresolution calling on the President
for the recent correspondence regarding the pre-.
| sentation of American citizens at the Court of
France was adopted. The bill defining the pay
and emoluments of officers Of the army was taken
| up, and the amendments of the Military Committee
adopted. Mr.. Sherman, of Ohio, called for the
reading of the ninth section, which reduces the
salaries of officers and all persons employed in the
army and navy and civil service ten per cent during
the rebellion. He said if that was all the re.
| duction Congress was willing to make he would
acquiesce. But this would preserve all the inc
| qualities of the old system of compensation now
fixed by hundred different bills. He thought il
this bill should be passed these inequalities would
be fixed, and the old system Of mileage kept in
force. We should now take in hand general sys.
tenn Of reduction and retrenchment in our expenses.
The estimates for the expenses Of the next fiscal
year were five hundred and ffty millions of dollars,
and know that this will be increased by various
bills. This is five times the currency Of the coun.
try, three times more than the coin in the coun.
try, and more than the expenses of Great Britain
during the war with Napoleon. At this point of
the proceedings the bill was laid aside, and the
consideration Of the resolution relative to the ex-
pulsion Of Senator Bright was resumed. After de.
bate and speech by Mr.. Bright in his defence,
the resolution of expulsion was adopted by a vote
of thirty-two to fourteen.
| The House of Representatives was occupied in
| discussing the Treasury Note bill. Our readers
are referred to our report of the Congressional
proceedings for the speeches delivered on the sub.
ject. The House will probably come to vote on
the bill before the close OF the present week.
MISCELLANEOUS NEWS.
BY the arrival of the Nova Scotian at Portland
and Hansa and City of Baltimore at New York,
yesterday, we have news from Europe dated to the
| Gath Of January--fye days later.
Prince MAJ oleon was seriously i'll in Paris on the
| 23d ult.
| The Liverpool cotton market was duh on the
oath ult at decline ranging from one.fourth TO
oue-udh VI ltl was greatest on the
| lower descriptions Of the staple. Breadstufs had
declined slightly, and the Liverpool market closed
heavy on the oath of January. Consols closed in
London on the Gath ult. at e25s 90 for money.
The French budget for 1863 was published The
estimate exceeds that for 1862 by fourteen millions
Of dollars There is an apparent advanced expendi.
ture for the army and navy; but the Minister of
Finance asserts that these two arms of
the service will in reality cost less in
1868 than in 1862. He proposes, however, an in.
creased taxation OF the people by levy Of more
heavy government dues on horses and carriages
kept for pleasure in the registration of deeds, and
the stamp duties. The London Times says that
France is about to diminish her military force and
that her Industrial progress will be very rapid in
consequence. Austria about TO demonstrate
with the other great Powers on the continued
alarm evoked by the condition of Piedmont The