The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-11-12
The Foreign News

The three arrivals from San Francisco the PAST
week have placed US in receipt of san Francisco
Iapers 70 Oct. 20, containing Eastern telegraphic
aiyices To Oct. 18th.
Nothing very important had transIired il the
war. excepting the second defeat and rout Of
Early's army in the Shenandoah Valley, with a
loss of over &c, OOQsnen, and between 40 and
80 pieces OF cannon. This occurred on the 18th
and 10th of October. 1t seems that on the
morning Of the 18th, Early surprised. attacked
and routed Sheridan's army, which was en-
camped near Winchester, capturing some 70
pieces OF cannon. Sheridan was absent At the
time, but arrived about noon, restored order
and confidence in his army, turned on the rebels.
and routed them with great slaughter. 1t only
adds another chapter 10 the singular war game
in this valley, of alternate defeat and victory.
Early cannot afford 20 lose 10, 600 troops and
their arms every month-that is certain and
theProbability is, he is pretty much used up.
Grant is apparently inactive before Richmond,
waiting for something-no one knows what.
Perhaps ne intends to strike the blow n few
days before the presidential election. There is
a general belief that he has Lee in his grasp.
Sherman, in Georgia, appears to have his
AHNA4OS A"AA ~ AAoTAa NANS1 AASSNs WIZ 4+' 80
army of 80, 600. and is trying to braak up Sher-
mans line Of communication with Chattanooga.
Public attention throughout the United States
was all turned towards the coming (now past)
election of President. There seems to be not
the shadow of q doubt that Lincoln is reelected
by the most overwhelming majority ever given
for any President, and that Mcclellan has not
been able to carry more than four or five States.
4 telegram is published in San Francisco on
the 28th, from Mr.. Billings, who is in New
York. which we copy, showing the confidence
that was felt there, two weeks before the election.
NEW YORK, Oct. 27-425 p. Nd. {. M Ruer,
Esq The political and military prospects were
never more encouraging. Lincoln will be triumph
antly elected. l couscientiously believe Mcclellan
has not u ghost of o chance except in Missouri. Ken
lucky, New Jersey and Delaware, and he is by no
means sure Of these. Let all who propose no arms
tice and no terms with the rebels until they lay down
their arms, be inspired by all good omens or righteous
FRED. Billings.
The commercial, financial and political excite
ment at the East, during October, appears TO
have surpassed anything ever known before in
the History of fine American Republic, OF any
other nation. In several of the large cities,
numerous failures had occurred. banks had been
closed, prices of merchandise fallen from 25 to
so per cent. The prices of cotton goods and
even of raw cotton had fallen One-fh'yd during
twenty days. The widest frenzy and panic has
seized every branch of industry, causing a state
of things unpalleled. The election of Lincoln
have the effect of settling trade, and calm
the public mind but we have our fears that
serious riots and outbreaks will occur in the
larger cities, owing to this political and CONNER
excitement.
The commercial excitement in the United
is shared by England, where the bank
of interest still holds at II per cent, and
numerous failures were occurring. The political
news from Europe is unimpOrtant.