The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1865-12-23
PA CITIC
Commercial Advertiser.
FOREIGN News!


By the whale bari; Canton Packet, which ar
rived on Wednesday, IA days from San Francisco,
we have papers from that port TO the 9th.
The most important news is that relating to the
opening Of Congress and the Presidents Message.
Congress commenced its session on the 4th Of De-
cember, and organized by the choice of Mr.. Colfax
as Speaker and Mcpherson as Clerk, both having
held those Offices in the previous session. At 8 eau
Gus Of Union members Of the House, held Monday
night, a resolution was unanimously adopted, recon-
mending the appointment of 4 committee Of fifteen
nine from the House and six from the Senate-who
shall inquire into the condition of the States recently
in rebellion, and report whether they. or any of
them, shall be entitled to representation in either
House Of Congress. with leave to report at any time
by bill. Until such report is read, no Southern
members to be admitted, The resolution will donbt-
less be passed by both Houses, and form the basis of
the action Of that body with reference to the recon
struction system. Very soon after the members
net in Congress, it became apparent that there was
much unanimity regarding the question OF admitting
the Representatives and Senators from the States
lately in rebellion. It's action will be firm, and no
State allowed u voice in Congress till the negro
questions are definitely settled in each State and by
us own people, lately in rebellion. Several bills
have been reported. which embrace the following
important measures
let. a bill conceding to the colored people resident
within the District of Columbia the right Of voting
on the same terms as the whites.
"a. \ bill providing that grand and petty juries
shall be composed equally OF whites AMI blacks, III
communities OF which enc sixth are colored people.
81. y bill providing that no Southern State shall
be admitted to representation till by popular vote it
formally abandons the heresy of States rights, abol-
ishes slavery, conters the franchise on the freedmen,
repudiates the rebel debt and assumes its just pro-
portion of the national.
The Presidents Message, an abstract of which we
give to-day, and the whole Of which will probably be
reported in the San Francisco papers received by the
first mail, may be considered the most important
Message delivered for years, as it is looked for with
more interest than usual. 1t will probably decide
the course Of the American Republic OH the great
questions of the day, viz:
The restoration of the rebel States and the negro
franchise.
The indemnity for pirate cruisers.
The French occupation of Mexico.
From the brief synopsis received, it is difficult 10
determine just what the President says or means,
but all these points are fully referred to. One thing
is apparent, that there is a possibility Of war grow
ing out Of the two latter questions, and the San
Francisco Bulletin gives utterance to the following
! regarding the finances. The fact that United States
gold bonds have fallen from 20 to GA cents to the
dollar has certainly an ominous look
THE threatening attitude of the United States and
British Governments towards each other, growing
out Of the presentation Of our claims for damages
sustained by the Anglo rebel pirates, excites some
uneasiness in commercial circles, though the prevail.
ing opinion seems 10 he that wise councils Will pre-
vail, and that an open rupture will thus be avoided.
The fear of a possible conflict, however, is seen in
ruling OF American securities both at home and
abroad. 1t New York the market, at last accounts,
was depressed and rather feverish while in London
prices had given way, with large sales at 634 m64
for 3 20 bonds. The London .Ners CONSERVATIVE
says in a late financial article
Pending the receipt of news from America. as to
the temper in which the Washington Cabinet re-
ceiyes the refusal of our Government to take into
consideration the alabama claims, n check Is given
to the movement in American securities, as regards
which the tendency Of the market is otherwise very
favorable. Nevertheless, in the meantime. the high
prices Of interest required from speculative holders
$40 bonds at the last settlement have caused occa-
sional realizItions, so that the price is barely main
tanned Should the American Government adopt
the moderate course which is expected of them, 1t
would seem difficult to limit the extent of the proba-
bic flow of British capital into American securities,
new and old, for there is evidence on every side that
the result Of the civil war has raised the prestige
and credit of America and her enterprises higher
than they have ever stood before"
There is some apprehension of n wholesale return
of our bonds from abroad, as the result OF the belli-
cose attitude OF the two Governments. We do not
altogether share in such fears. BY far the greater
portion of our bonds are held in Germany. and the
? huIIhCtu SAS We pay !" Jun ANu''S 'N"
will make them anxious to retain our notes till ma
turity. 1t is quite certain that all the resources of
craftsmanship will be exhausted before an arbitra-
ment of arms shall be resorted TO, and the CONNER
cial relations existing between the United States and
Grea; Britain are SO close that We can hardly believe
it possible that the two countries will find 1t neces-
slry to 90 TO war. At all events, the course of ehairs
during the next two weeks will be watched with in
tense interest by business men.
On our fourth page we insert some extracts from
English papers. showing that they do not sustain
Earl Russell, but side with the American Govern
ment. The press in England controls public senti-
ment, and if it disapproyes to any great extent OF
any ministerial act, ministers must yield or lose their
Offices. In this question there can be but one view
of the right of it.
Nothing new has transpired regarding Mexico,
unless it be the demonstrations of the French feet on
the Rio Grand and the arrival of more French troops
at Vera Graz, both of which wear a menacing aspect.
The party in Paris opposed to the French occupation
Of Mexico is becoming very strong, and the papers
speak out on the subject, and in opposition to the
course of the Government.
Late TeiegTams.
New YORK. November 18th. An impression pre-.