Virginia Argus

By this Morning's Mail:

N. New York; June 22.

[The following is from a passenger in the New-Galen, and transmitted to us by our Boston correspondent. The New-Galen brings London papers to the evening of the 10th: May]

The British frigate Minerva; capt. Hawkins. with Mr. Foster & suite, sailed through the Needles for America on the 6th of May.

The war continued with unabated vigour, and the late success of the combined British and Portuguese armies under Lord Wellington, in the expulsion of the French army out of Portugal; seemed the theme of exultation throughout the United Kingdoms.

The orders in Council continued in full force, and no prospect of any amelioration. The British government were sending a very powerful fleet into the North Sea, under Sir James Saumarez; and about the last of April despatches were sent to all the governors and admirals commanding foreign stations, apprizing them of the situation of our respective countries, together with instructions as to the line of conduct to be adopted, in consequence of British property being held in detention under the present non-importation system.

Large quantities of American and colonial on hand, the prices of which were nominal, and in no demand. The immense amount of specie and bullion sent to Spain and Portugal for the support of the armies, had caused considerable scarcity; and the Bank of England had put an enhanced value upon the dollar, which was passed and received at 5s. 6d. sterl.

Trading license to the Baltic had been granted to the merchants by government under very limited restrictions.

Proposals had been issued for a new loan of 18,000,000, together with the issue of £ 12,000,000 of Exchequer Bills, half of which latter amount was intended for the relief of the mercantile interest.

The result of the opinion of last Queen's Council, relative to the state of his Majesty's health was far from being favorable to the King's assumption of the reins of government.

A very large amount had been raised by subscription, from all classes of people in England, for the suffering Portuguese, whose country has been 'entirely devastated by the retreating French armies, whose excesses are unparalleled in history.

Government had received information that a Swedish frigate was cruizing in the Baltic, making reprisals of all Danish vessels.

From an intelligent American gentleman, who arrived from Paris in London, on the 6th May, in company with Mr. John Smith, the American charge d'affaires, it appears that no relaxation of Bonaparte's decrees had taken place whatever. Every American vessel from the United States with cargoes, were immediately put under sequestration, and their papers sent to Paris--this gentleman strenuously advised his countrymen from making any shipments to France or any of her dependencies, as every species of American property would,be sequestered, unless provided with an Imperial licence from the emperor.

The warlike appearance in the north had induced the French emperor to order a large portion of this army from the south towards the northern frontiers and it was understood in Paris that Marshal Berthier would soon again take the field; and the subjugation of Spain laid aside for the present.

Count Gottorp the Ex-King of Sweden, had sailed from England in a frigate and arrive off Heligoland. An action had taken place between the Prussians and French at Colberg, in which the latter lost 200 killed and 800 wounded-the general impression from the North of Europe is. that war is inevitable between Russia and France, and that Prussia was supposed to be taking up arms, and had opposed the passage of French troops through the above mentioned place.

Letters from Gottenburg to the 26th April, considered as official, state the absolute declaration of war by Russia against France, and an insurrection in the north of Germany.

Count Gottrop had left Heligoland, and gone up the river Jahde; the object of his movement appeared to be a matter of great speculation and curiosity, but generally supposed to be connected with the present warlike appearance in the north of Europe. It had been stated, he intended to erect his standard in Norway, and would meet with a favorable reception by the Norwegians.

Letters from Paris to the 4th of May, and from the French coast to the 6th, state the increasing distresses of the continental system ; many heavy failures daily occurring, and the insurrections in the North of Germany were said to be the causes for withdrawing the French troops from the Peninsula; but the real causes were the hopelessness of success and the absolute incompetency of the French government to make greater efforts than those which had failed.

Latest accounts from St. Petersburg to the 10th state the indication of approaching hostilities with France; that Caulaincourt the French Minister had left the Capital for Paris ; immediately after his departure, the merchants had petitioned the Emperor to permit the revival of trade and commerce upon its former basis and had pointed out the distresses occasioned by the adoption of the continental system.