2 NOVEMBER 1861, Page 3

iraniza.—Onr intelligence from America is to the 19th October, up

to which time no serious movement had taken place on the Potomac, only the Confederates had withdrawn from one or two villages between Manassas and Washington, and now occupy the ground from the Potomac to Manassas in an unbroken line. General III‘Clellan had not moved. The Confederate batteries almost com- mand the Potomac.

In the West General Fremont is apparently about to be superseded. The Secretary at War visited his command, and ordered him to dis- continue his works around St. Louis and Jefferson, to discharge all officers without the President's commission, and to make all payments through the regular disbursing officers. It is also asserted that General Fremont was to be superseded, on the 22nd October, by General Hunter, but by the latest advices (October 17th), General Fremont was only separated by the Osage from his adversary, General Price, who turned on him at Oceola with 20,000 men. General Fre- mont was throwing a pontoon-bridge across the river, and as his commission depended on victory would probably be energetic. Should he succeed he will scarcely be removed.

In political affairs we have only rumours. It is said that two new Commissioners from the South have proceeded to Europe with in- structions not only to demand aid from foreign Powers, but to place the South for a time under foreign. protection ; but the statement is not credible, neither is this, which is even more important ; The Evening Post says: "We learn that the banks have offered to take the third fifty millions of the 7.30 loan on the condition that in- terest is allowed from October 1. This Mr. Chase delines to do, and names November 1 as the date of this instalment. We hear also that Mr. Chase, in answer to a proposition of the banks in regard to the one hundred million seven per cent. bonds, which he is authorized to issue, informed the agent of the banks that lie had an offer from foreign capitalists equal to six and a half per cent. interest at par for the entire loan. Mr. Chase, of course, expressed his willingness to entertain offers from the Associated Banks at anything near the same terms."