The New York herald., 1865-01-08
A9Atrs In japan.
RESULT or THE OPENING OF THE INLAND SEA
MILITARY AND COMMERCIAJ.---TBE pEACR ~

RESULT or THE OPENING OF THE INLAND SEA
MILITARY AND COMMKRCIAL--TBE PKACR RU-
MoRs FROM AMERICA.
[shsnghae Oct 25 correspondence Of the London Times
The news from Japan is satisfactory.
Almost Immediately after the return Of the allied fleet
from Simonosaki, the English, French American and
Dutch Minister'S accompanied by strong squadron
visited Jeddo where they had an interview with ths
understanding The latter directly il heard Of the nten
ton Of the Minister'S made the stereotyped efforts TO
vent their VISIT but when II found them useless COS
sencd TO the demands madethat the restrictions which
which had long prevented the arrival Of silk at Yoke
hama should be withdrawn and IL Is now hoped that
letter has been addressed TO Sir b.
the principal mercantile firms showing that ths export
706 bales, against 5000 bales during the two preceding
years, and 500 bales during 1872 There h no
can hs aSuea 70 no other than b
huence OF Indeed Is sald that even those
100 bales had been smugged into the market against hs
wishes and orders Of the latter Sir Ruherords 10
ply anticipates q removal Of these obstructtons The
entire Of the recent expedition WILL he believes
koS.ma and ~ Hss,ati thsn sny amount or Kind Of \.
monstrHnce and diplomacy, which, a. events proved
Ineffective" He has been informed that since
the Of Chosns defeat had been received by tho
th0res the existing restrictions trade had been re-
moved and as his Conformation comes from the same
that silk IN large quantities is now on ss way 70 the
port and may be expected daily Ia entitled 10 credit"
And In effect silk has begun 70 arrive freely though
prices ruled high The stocks At the time the mail lcf%
estimated at FIVE thousand pcus and considerable
quantities have been shipped TO shanghae.
In punishment for the rebeous attack Kioto which
I mentioned few mails ago, the Mkado has degraded
Chosn from his rank and estates but whether the de-
be- carried into effect remains yet 70 be He
is Of the most powerful princes In Japan and the
twentyone daimios whom the Tycoon has called n
extermnate his followers said 70 be far from unsn
In desire TO carry out the enterprise The lators
hands however are said 10 have been FAR strengthen
ed by Chosns defeat that he has been able rescnd the
decree which was lately passed absolving the daimios
from the obligation " pass large portion OF the year
Jeddo and IL was believed that this stretch Of authority
would be submitted to- II is singular with reference 70
the Mikado's reported degradation Of Chosn, that
the latter should have expressed 10 the foreign
Ministers wish 10 open the port Of Smonosa-
k TO trade The matter has been referred by foreign
Ministers 10 the Tycoon but hardly be likely THAI
he will recognize entrance into commercial regula-
tions with prince whose head hangs decree Of
degradation from rank power and estate. The fondness
Of the richer daimos for purchasing steamers still
tinues. The Ia kiang has been sold but 10 whom am
not aware and the Cosnopole has been purchased by
the Prince Of Higo for $l200 hear privately that
under which officers OF foreign
exchange the rate Of three xbus for the dollar
instead Of the which only merchants could get has
been exploded and that they well ofcial resi-
change Of the day. Her Msieays ship Tartar, hts I'm
perai French Maestys ship Tsncrede and his Neither
lands Msjesys ship Djanbi remain in the inland To
guard against any sudden revusion in the friendly FEEL
ing which Chosin At present processes
high rate OF exchange still restricts commercial
transactions, although partial reduction has taken
place since ee last mail len. Another more important
dspressng Influence exists In rurors which have been
afoat the last week Of As cosewson Of aristee
bsfyeen the beuiqevepts IN Aaericd No one knows
whence they arose attaches any credit 70 them yet
which has fallen 10 1ss 1si taes per pcu for best
samples There little first cass cotton in the Market
the producers will persist In wetting IL 70 make u
weigh heavier before sending down and constant dis
chUuge Is quoted NJ g. Sd for bank bills snd o. 6hd
for private paper at six months sight