Accounts from the United States represent Mr. VAN BUREN'S cabinet
to be in a very uncomfortable plight, in consequence of the loss of strength in the recent Connecticut elections. It is not supposed that they will be able to carry their Sub-treasury Bill, for dispensing with the aid of banks in the collection and ex- penditure of the public revenue. There is much difference of opinion respecting the effect of the resumption of cash payments in New York, which was to commence on the 10th instant. Many supposed that it would place the merchants in greater difficulties than ever ; others, that it would bring buyers from all parts of the country, in consequence of the lower price of goods: but if these buyers can only pay in depreciated paper, prices must be raised in the ratio of the depreciation. Persons having specie, or paper convertible into specie, would make purchases under the nominal price in places where the currency was depreciated be- cause inconvertible.
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