Show 1 1 I 1 from the comme commercial row I 1 Pro progress giess of the chinese POlUt revolution iOA i haxo koyo kowl saturday y april 8 P 1854 I 1 par many months we have known nothing odthe of the move movements mento of tho the northern array army of the insurgents ater after penetrating to within i a hundred miles of 0 pekin the they y went I 1 into winter quarters and no actions of any importance have since taken place tre ping wang maintains his when when 11 certain reinforcements reoh reach him which have been seen moving northward he will probably 1 march for foi the capital 1 there great distress prevails and the poverty DO of the treasury leads to increased 1 0 oppression oppression 1 1 the issue of paper money and the debasing of the topper copper currency have been resorted to by the government but these measures oai can afford it but bat little effectual aid I 1 pekin pe kiu must fall and then the army of the preb will spread itself oyer over the neighboring g country and ad take possession of soo chow and hong chow arid and other rich cities which it has bag only to attack the districts for a considerable distance around nankin have peacefully submitted to the ibe argenta ms and the taxes for some months past have i been collected by I 1 i to the and west more activity ha had prevailed retailed rev ailed nearly all the cities of et I 1 awai hwai and anany many of hupee are occupied by tha phe rebels who do not merely capture and pass through ai aa formerly land and lately latefy we have I 1 heard ear d of the capture of and hangi hew two days since the powerful city of Chang sha was reported lost although some part of this information may be erroneous the tenor of it plainly indicates the to 1 tal destruction of governmental gover mental power in the interior within aae a few da days vs goods intended for the tea districts have been brought back the owners finding it impossible to pass them through the country I 1 I 1 j warm weather is no now rep rapidly idly ap ing and the camp at the north will te be broken I 1 up if pekin falls the power in those cities which have hitherto adhered to the emperor must pass into the hands bands of the new party and canton can scarcely be exempt from such change looking at the history of the past year and the rapid progress of the insurgents it seems probable that the coming summer will decide the fate of china and it is very desirable that so some result be reached the exigencies of commerce demand it |