Arrivals from New York have put us in possession of

Canadian news to the 29th of October, and United States to the 2d of November.

Mr. POULETT Tuoatsms has received addresses from the Magis- trates and from the merchants of Quebec. His replies were cau- tiously worded. Though pressed by the Magistrates to promise residence in Quebec, he could only say that whenever the public service permitted, he should gladly live among them; and though his opinions on the timber-trade were distinctly alluded to by the merchants, Governor Tnomsox confined himself to general pro- fessions of good-will to the trade of the colony. On the whole, however, his replies displayed some adroitness.

The Mindreal Herald of the 27th October contradicts a report that the Governor-General was about to proceed to Upper Canada's and affirms that he will pass the winter at Montreal. Sir Geoaon Airmen had arrived at Montreal, and was present, but in plair. clothes, at a review of the Grenadier Guards by Sir lisensap 3acnisS-- sos, the new Cotnmander-in-Chief. The Montreal Herald sug- gested that the Loyalists should leave their cards at Sir GEOROS

ARTHUR'S residence, to manifest their respect for him. At this review Mr. THOMSON entered upon his duties as Captain-Generals lie is said to have " inspected the troops with great minuteness and though he had been indispoeed since his arrival, appeared then in excellent health. The Governor-General's first levee at

Montreal Was more numerously attended than any previous levee in that city ; politicians of all sorts being present. We have ncS doubt that he was beset immediately by the representatives of the various parties :tad interests with which he will have to grapple_ All, of course, were desirous of using hint tbr their own ends.

Only two days Sc-fore Mr: TIIONISoN'S arrival at Quebec, events. had occurred in the Upper Province, requiring his immediate and personal attention. We mentioned last week the attack.. 9L the Government party on the advocates of 1lsepansiblc,Gofeis4mnefil4s, assembled in public meeting near Tormito. Additioral ptirticulm:s: - will be lbural in another page ; but we must be perniiWed :to remark: Ss here, that if they ;11.:' 1;:u the truth—and they are persiiiMally vouched_ for by most respectable men—Sir Gnorto a A RTH e..shouId be ins- immediately snpersedcd, and a dean sweep made. of Kb Governs:wee officials. They are disturbers not pre::- rv,:.s of thpOliclast-tt _ infuriated partisans, who assail the Quecit's sitiWts sword :r!" hand, and cut and kill unarmed citizens in the 1airZti,bes.9:cise, citizen's privilege. It is said that Governor AuTmiu. 1.14S• -ferttfA, even an inquiry into the charges against the Sheriff iNesassintol and if Governor ToomsoN do not take prompt measures to repair this injustice, he mill be degraded to his Lieutenant's level, and become an object of contempt to the groat body of the people. A gloomy interest overshadowed commercial affitirs in the United States. The banks in New Orleans had all suspended payment, and the New York banks only supported themselves by restricting discount,. so es to cause extreme embarrassment to the merchants. Many fit::ures bad taken place, and more were expected. The

stock or t!:e ....t.ttes Bank had ffillen to CO.

We 1:ayt: e:.pied a very' able letter from Mr. DANIEL Wansrlin, adthae,,,,e,,, to -a lee,,,ne no.io, and Company ; which must set at rest

a ye-, ze: to the competency of difitTent States in the

4..-r■-ate steel; and borraw money on their sc-parAe ac- counts. :a:vs dist that they possess that power, and Gee the teetstittitiet: ot- the United States (lees not in any way lbebi4 i t ; ,.ett•r( • c‘.1 here is much anxiety at present as to the sol-

vencyhie!: have horrewed money in England. We

• I !)., ver.l, neL ,iless. The ',nuts have been applied not to

the tette ot' reee! the erect iii of fortifications, or disaipated for any r u e thaa toaless parp■,se, but to internal baprove-

ment--C.e treL :loe of railway.. :aid canals; and the develop-

ment c*arc( s. Eventu.,Ily there will be a rich re- turn fl,: •• :ay ; pad the repayment of the advances is not in

our a• ^ r any doubt.