The Express. — 1862-12-08 (London, England)

TELEGIULMIL)  AMERICA. NEW YORK, Nov. 25, Evionao. (Per Europa.)  The Federal government has issued an order for the release of all prisoners held in military charge for discouraging the enlistments and opposing the draft.  All persona arrested in the rebel states for hostility to the Federal government will be discharged on parole, or allowed to leave the country. This does not, however, refer to persons who have been in arms against the government. The Federal expedition for op2ni'g the Mississippi will consist of about 40,000 men and 40 gunboats. The Confederates have erected very extensive fortifications at Port Hudson, on the Mississippi, 150 miles from New Orleans, commanding the entrance to the river. Federal reconnaissances have been made from Fortress Monroe up the peninsula as far as the Chickahominy River.  President Jefferson Davis has ordered the Confederate general commanding the Mississippi department to demand the surrender of Federal General Wlceil for murdering ten Confederate citizens of Missouri. If this is refused, and the charges are proved to be true, the Confederatz general is instructed to execute the first ten Federal officers that are captured. President Lincoln has ordered the AttorneyGeneral to take measures for carrying out the Confiscation Act.  Mr. G. Brown, the newly-elected abolition member toCongresa from Missouri, has issued a propoeal urging the Northern States to agitate the question of a gradual emancipation of the slaves in Mispouri.  The British steamer Kelsie is reported to have been sunk by a collision 50 miles from Nassau. It is repot;.ed from Peru that the loan eff:cted in England would cause some uneasiness, the President requi-ing the money and Congress zwfusing to touch it.  The future financial policy of the government continues to be discussed. It is supposed that more legal tender currency will be issued.  The Fadersls have extended the time for the inhabitants of Fredericksburg to remove their women and children until the morning of the 23rd. No news has yet been received of any bombardment, all being repot tal quiet. Confederate General Lee is at Fredericksburg, and, it is supposed, will resist the passage of the Rappahannock by the Federals.  The Confederates remain in the immediate front of the Fedorala at Harper's Ferry. The reports of Stonewall Jackson's movements are still conflicting. All sorts of rumours are current conoeraing the destination of the large Federal expedition preparing under General Banks. One report states that the expedition will proceed to the Peninsula, and will co-operate with the gunboats in the attack on Richmond by way of James River. Earl Russell's refusal to co-operate with France in mediation is variously interpreted, many regarding the question of mediation as only postponed.  The New York Times thinks that the official apnounoement of proposed mediation will give a definiteness to American policy, which will leave European governments no room to doubt what will be the result when they shape and indicate their own course.  General M'Clellan has refused a public reception in New York.  The Africa passed Cape Race yesterday.