At Leghorn, thirty-four pupils of an academy have been im-
prisoned on a charge of participating in a treasonable conspiracy recently discovered there. The farewell address of General JACKSON to the American people, and the inaugural address of the new President Vast Eeriest, though interesting in the United States, possess little political Simportance. The General, in reviewing the policy of his administration, reiterates his opinions against a paper currency, and on the dangerof allowing the General Government ,te trench upon the privileges of the separate States. He also aims a parting blow at his old enemy the Bank. VAN BUREN pledges himself in general terms to adhere to the policy of his predecessors. His opponents declare that his speech is " non. committal throughout;" but, on the subject of slavery he is cer- tainly explicit enough. He declares that he never will sanction any measure for interfering with the existing system either in the District of Columbia or elsewhere.
The commercial advices from the United States are alarming. Very extensive failures, amounting in one instance to between two and three millions sterling, have occurred in New York, Phi- ladelphia, and New Orleans ; and this was the consequence of the first intelligence from this country that affairs were in a bad way. Subsequent advices would be of a still more discouraging cha- racter ; and we must therefore be prepared for news of the worst description from America.
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