AMERICA. LATEST CABLE NEWS.

Southland Times, Issue 902, 19 February 1868, Page 5

AMERICA. LATEST CABLE NEWS.

c New Xobk, 24th December. ? Gold, 134. In his message, President Johnson urges i that Congress should repeal that portion - of the Eeconstruction Act which places b the South under military rule. Referring i to the extent of the Executive powers, he t said it was their duty to oppose all uni constitutional legislation ; and if Cont gress should) pass an act even through all 1 forms of law to abolish a co-ordinate de- • partment of G-overnmenfc, it would be the - duty of the President to accept the high r responsibility of saving the national life - 1 at all hazards. "With regard to the I currency question, the return to specie > payments, he said, was an obvious duty . on the part of the Government at the i earliest moment, and was quite consistent i with the soundest principles of political economy. Treating of finance, the t message states that last year the receipts . were 490,000,000d0ls M and the expendi- , ture 346,000,000dol. ; and according to . i the estimates, next year's receipts will be , 417,000,000d01. and the expenditure > 373,000,000d01. Alluding to foreign • affairs, President Johnson states that no ' questions seriously disturbed their rela- •■ tions with foreign countries. The • Alabama claims against England were i still unsettled, and he felt it his duty to decline arbitration in the matter, because, ' as hitherto, it would be accompanied by ' reservations incompatible with the rights , and interests of America. President Johnson added that no apprehension need be felt on that score, as he felt aure that Great Britain would not persist in refusing to satisfy these just and reasonable claims, involving as they do the principle of nou-intervention, which henceforth would not be more important to America than to other nations. The President also urges Congress to declare that the naturalisation of foreigners as citizens of the United States absolves the recipient from any [allegiance to the Sovereign of his native country. The resolution for the impeachment of the President was brought forward on the 6th, and was thrown out by 108 votes to 57. Congress adjourned on 20th until 6th January. No action was taken regarding the cotton tax. The national debt was Btated to be, on the Ist inst., 2,639,000,000d01. ; and the cash in the Treasury, at the same date, 138,000,000d01. BATAYIA. 31st December. The market is well supplied with flour. The Jeannie, from San Prancsico, has arrived, bringing 1800 barrals. The silkdressed Adelaide flour ex Fairy Rock, sold at 24fi.to 25f1., and Victorian at 23f1, per bag. Thefe is no inquiry for beef. Coals are dull, 150 tons having arrived per Queensland. Arrived. — Vyf Frienden, from Sydney ; Schiedam, Jane Kilgour, Bastain Pot, Heraham, Yooruit, from Newcastle ; Australian, from Melbourne. Sailed. — Douglas and Englisie, for Melbourne; Stranger and Fairy Rock, for Sydney. JAPAN. In consequence of a political resolution the Tycoon has resigned, and it is considered probable .that the whole of the country's affairs will be concentrated under the management of a Micado and a Council of Daimois. It is supposed that the foreign relations will not be prejudiced by the change, but that the opening of the new ports is likely to be delayed till the Ist of April. It is stated that the Hon. A. Burlinghame, the late American Minister at Pekin, has been appointed Chinese Plenipotentiary to "Washington and the European Courts. CHINA. The Imperial troops under Tanlai had suffered a severe defeat from Neinfei in Southern Shantung. Mr Burlinghame had arrived at Shanghai, and reports concerning the Neinfei favourably to the Imperialists. Their movements have been considerably checked. A shock of earthquake had been felt at Ningpo and Shanghai.