The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-12-10

dAl11ET, commenting on the NEUTRALITY-SUSPICIOUS. VI 'HO
Confederacy, c~riticise Davis proposition to use
the slaves in the army, but admit its sound
policy to use them in any capacity in the army
except as soldiers. and warns him and the au-
thorities 20 mind their own business, which Is TO
enforce and execute military law.
In the Rebel House, there was a sharp debate
on Foote'S resolution denouncing Davis recon-
incubation to repeal the exemption OF editors
and employers of newspapers from military ser
vice. The Examiner says the recommendation
is a first step towards Il Dictatorship by Davis.
Governor Brown of Georgia is also on the
rampage. In his message he says: " am salts
led that a large majority of the people of this
State disapproye Of many OF the acts OF the
administration Of the Contederacy. We should
keep constantly IN view the great principles with
which We entered this unequal contest, and
should rebuke every encroachment made upon
them by our government. We have made fear
iul strides since war began towards i central
lied government With unlimited power" He
advocates State Sovereignty, and each State for
negotiating terms of peace.
The Confederacy thus beset by victorious arnies
from without, and discussions from within their
own borders, must be in sore travail.
From Washington we learn that General Han
cock had been given command of the Depart
ment of Washington. His wounds compel him
to give up the command of the second corps
before Richmond-Gen. c. R. Augur will take
command of the second corps. 1t is rumored
that Stanton will be made Chief Justice, and
Holt Secretary of War.
The Florida is reported at Fortress Monroe.
After the Florida was captured she was tied to
the Wachusctt, a portion of her machinery taken
out, with all her small arms, to prevent a rescue
and escape. While going out of Bahia, the
shore batteries were trained on her. An insur-
rection had taken place among the inhabitants,
the American Consulate mobbed, and the Ameri-
can Consul compelled to put to sea.
\ special dispatch says that Thomas Wilcox,
Consul at Bahia, had arrived at Washington.
Seward will send an apology to the Brazilian
Government.
The Tribune says Captain Collins, of the Va
chuscn, will be sustained by the government.
From Europe We learn that the treaty of
peace with Denmark had been formally signed
at Vienna, October 18th, the ratification to take
place in three weeks from that date.
John Lecch, the caricaturist of the London
Punch, is dead.
\ terrific hurricane swept over Calcutta. Of
200 ships in the Hoogly, 10 Were totally lost.
OF the remainder, only 20 are reported sea-
worthy. Great excitement prevailed at Lloyds
on account of the losses. French papers say $50
were driven from their moorings, stranded and
damaged. No serious loss of European lives.
The villages along the banks Of the river were
submerged, and a large portion of Calcutta was
under water. The loss is estimated at zoe, 000,-
600 francs. 4
English papers were very indignant at the
capture of the Florida, and talk of taking the
matter into their own hands. They evidently
forgot tho dostruotion OF the G~.. -4r~ses,oosy
in the harbor of Fayal, by an English frigate-
the ESSEX in Valparaiso, by two English sloops-
of-war-the burning of the steamer Caroline on
the northern lakes, on the American side, and
Instances which might be recorded-all on
the plea Of necessity. AL
Gold quotations were huctuating. We copy
from n Sun Francisco paper the following remarks
on the probable cause:
The RISE OF GoLD-The tendency of Gold despite
huctuation, has been upward. Its fall .
few weeks since from 2S5 TO $50 was entirely too
sudden to warrant the expectation of some that il
would be permanent, and seems 70 have resulted
more from q temporary decrease in the export de-
lDand than from the more favorable aspect assumed
and still maintained by the military prospects of the
Union. The causes which put Gold up Mt all are Of
too long standing 10 be removed by the fret report of
Union successes, however important. and the Gnan-
condition growing out OF a state OF war has be
'ome TOO fixed 10 be instantly changed. 1t is the aim
If the commercial and monetary interests TO make
heir return 10 = normal condition az gradual as
possible; and it IS also the study OF spectators to
Daiptain an artificial. exaggerated standard of values
ust as long az possible, for therein they find their
harvest. Hence Cold soon rallied after its great de-
cline, aud il now slowly mounting up 10 its old
igures, in spite Of the fact that the military and
political situations were never before so favorable to
IA carly ending Of the war and restoration Of the
Union. Politicians unfriendly to the cause OF the
nent suggest that the rise is attributable to
he expectation Of prolonged war and increased pub
ic expenditures under Lincoln's continued Admin
stration; but il is more likely that the belief in n
Gigorous prosecution of the war to an early peace
has q~uickened the prevalent nervous apprehension
4 "A financial crisis, and by increasing the anxiety TO
gold in the country made il mare difficult to
,btain and more costly. Heavy as is the drain of
he precious metals to Europe, it would perhaps be
tll heavier, and leave the United States in a still
worse condition on the approach of peace, were its
flow not checked by the excessive price PVT
Ipon 1t. In England, as in this country, we know
hat the apprehension of a crisis consequent upon a
elimination OF the war, which is believed there TO be
lot tar distant, has made money dear, caused the
Bank Of England to advance its rate Of discount and
o increase its store of gold, inspired n general dis
rust and caused many heavy failures. There, ms
lere, the war has changed the currents OF trade.
British capital, that was formerly employed in the
commerce with the South, was directed to other and
es healthy enterprises. Joint stock corporations for
II sorts of commercial and financial purposes sprang
lp in great numbers, weakening the feeling Of snan-
ial condolences; while the new trade in East India
o,ion, and the increase Of imports from Egypt and
which absorb gold and silver without
eturning it-withdrew permanently from the coun-
~ n large smount Of specie. Thus, in both the
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