The Sun. — London, England, 1869-06-09 00:00:00

111 . OF - TEE - Ttiltlo IfthflLNAi3;- The Times attributes the rumoured opposition to Lord Russell's Life Peerages Bill to the present political diffi culty. The relations between the two Houses have been brought into sudden prominence. Unqualified Liberals, who are content with the powerlessness of the hereditary Chamber, look with jealousy on any scheme for increasing its influence and authority. Unqualified Conservatives, in spite of their consciousness of the strict limits which narrow the power of the Lords, shrink from any public recognition of the fact they cannot dispute. Both classes look with unfriendly eyes upon Lord Russell's bill, which, were they wise, would be accepted with satisfaction by each of them. Those who watch the debates of the House of Lords are well aware how much they have been affected by the succession of a single man to the body in the person of Lord Salisbury. Suppose Lord Russell's Bill passed, and the Prime Minister advised her Majesty to summon as two life peers men of Lord Salisbury's mould, but of broad Liberal thought, and possessed of special knowledge of the commercial world, or of the state of opinion of foreign countries, or of the progress of poli tical speculation, their influence would be immediately felt as his has been, A dozen men of this calibre in the possession of active powers would, by adding variety of knowledge and of view to the House of Lords, indefinitely increase the usefulness of the assembly. It could never become strong to obstruct the will of the House of Commons and the nation; but it would become a powerful engine in educating public opinion. This should, indeed, be its proper function. The House of Commons reflects the judgment of the people and puts it into shape. Were the House of Lords revivified by the introduction of a small group of members whose sole claim to attention rested on knowledge and character—in a word, on personal merit—it might do much to guide and instruct the nationwhile groping its way to conclusions. The Post declares that after all the excitement pro duced by the announcement of the resolution come to by the Conservative peers, and the storm of indignant invectives° lavishly showered upon the heads which could devise a policy of blind resistance, it appears that milder counsels are likely to prevail, and that the party so united at Saturday's meeting has already shown symptoms of seceding from the enthusiasm of its leaders. If four days' reflection has effected so much, it is not too much to expect that before Monday next the most fervent sup porters of Protestant supremacy in Ireland will per ceive that by a system of indiscriminate resistance they arc merely playing into the hands of their adver saries. The Conservative peers who consent to forego their own most cherished convictions in obedience to the pressure from without, shew that they have a just and wise appreciation of the doctrine of political expediency which has in past years been the means of averting dis order and confusion, and conducted the most radical reforms through the regular stages of peaceful legislation. At such a time as this, when criticism of the most search ing nature, both from within and without, is directed at the composition of that House of Lords, it is a happy omen for the future that its members should shew that they can throw aside all class and party prejudices—no easy matter for the most liberal-minded of men—and act for what they believe to be the common weal, in a spirit of genuine and disinterested patriotism. The Standard states on authority that no change has taken place in the intentions of the Conservative peers with respect to the Irish Church Bill. The Earl of Devon • unquestionably deprecates the .rejection of the bill, but this proves only that he individually agrees with Lord Salisbury and Lord Carnarvon that this would be not the best way of defeating the worst portions of Mr. Gladstone's nefarious scheme. But the Earl of Derby, a few hours earlier on the same day, in a speech which the Times, in support of its bold assertion, very prudently suppressed, as unquestionably and unmistakeably declared his intention to carry out his original purpose, and called upon the people to support the Lords in that course. This proves that Lord Derby had not changed his mind, and that he bad heard nothing that led him to apprehend a defection on the part of his followers. It is now practically declared on the part of the Prime Minister that whatever the Lords do, unless they abnegate their functions altogether, a collision is inevitable ; and this declaration not only cuts the ground from under the feet of those who advocated a policy of compromise, but relieves the advocates of a more daring course from all responsibility, by the open avowal that the consequences would be precisely the same whichever resolution were adopted. Mr. Gladstone is determined not merely to dis establish and disendow the Church, but to override the Constitution. He is resolved not merely to carry his bill, but to make it an instrument of degrading and weakening the House of Lords. If that assembly should pass it without the amendments which every Consenyative peer is known to think essential, they would abdicate their authority, and give up even that power of revision and correction which the most Radical interpretation of the Constitution ascribes to them. The Herald refers to the recent discussion on the Metro politan Poor Act Amendment Bill, and says that Mr. Torrens objected to the erection of the infirmaries, on which a large sum has been already expended, on the ground that the accommodation of patients labouring under infectious diseases contributed in a great degree to the mortality. But the same argument would apply to every hospital. It is admitted on all hands that isolation in such cases would be most salutary and de eirable ; but how is it to be accomplished, when the sick person is, perhaps, one of six in the same mise rable apartment? There is only the alternative between the evils arising from the accumulation in a hospital or the abandonment of the smitten and home less person to neglect and certain death. Hospitals must be provided for paupers as well as for other classes of the community ; and it would be a senseless waste to abandon those half erected at considerable expense, and which must ultimately prove not only useful but economical. The best course to follow is that sanctioned by the House, namely, to give Mr. Goschen the powers he applies for, and then hold him responsible for the improved operation of the law, relying at the same time on his professed desire to accomplish every economy which may be practic able in the expenditure of the very large sums to be levied under the Act he seeks to amend. The Telegraph discourses on the history of coffee-drink ing, and says that it was once observed, with equal inge nuity and truth, that, in a double sense, coffee and tobacco came from the opposite ends of the earth to make acquaintance with each other. When the coffee plant was discovered in Arabia, the narcotic weed of Virginia was unknown in the East. Thus the two articles crossed one another, and America sent tobacco to the Mussulman, taking his coffee in exchange. But we are content to eliminate the pipe and cigar from our argument ; for smoking is at least a debateable question, while the inno cuousness of coffee scarcely admits of doubt. The death of Voltairehasbeen attributed to the sleeplessness engendered by his excessive consumption of coffee. The Patriarch of Ferney is said to have drunk forty cups of Mocha per diem, but since that wicked old gentleman attained the ripe age of 84, the share which coffee may have had in his death scarcely calls for serious discussion. Coffee has become domiciled and naturalised among us, but not to such an extent as on the Continent. It is wonderfully cheap. Yet it is a melancholy fact that a good cup of coffee cannot easily be procured in London, while in the provinces it is almost wholly unattainable. Some radical imperfection seems to underlie our mode of preparing the beverage, and as a rule neither the aromatic flavour, such as we find in Oriental countries, nor the purity and clearness, combined with strength, which distinguish it in France, seem to be within the capacity of the English concoctor. That the shoe pinches intolerably is plain ; but we cannot exactly tell where the pressure lies in this matter of preparing that mildly stimulating, wholesome, and social drink which the pert Madame de Sevign6 declared "would pass into oblivion, as Racine would"—although, since the lively letter-writer's time, it has overrun not only Europe and the East, but also the whole American continent and the Australasian empire to boot. The Daily News says tha't perhaps there is nothing in the world in which the real and the ideal are so far apart, in which the actual is so utterly different from the pus sible, as in a racing meeting. The very phrase " the Turf," instead of suggesting open air sport, suggests only the most desperate gambling. Of course if a large and prosperous profession can live and grow rich upon the Turf, they can only live upon the losses of the public. The rage for betting is therefore not merely ministered to, but traded upon. The public have no chance of an equal wager in such circumstances. Whether a horse shall win or not depends not upon the capabilities of the animal, but upon the plans and policy of his owner. The demoralising results of this system are seen on all hands. One year it is a noble marquis who drags an historic name through the dirt ; another year it is a great duke who ruins the fortunes of a great house and a great family. These are only outward and visible signs of a great and widespread evil. The same thing happens on a smaller scale in all ranks, down to the sbopboy, who; having no money of his own to lose, draws upon his master's till to make up his losses, or even to the domestic servant who makes her " spec " with the petty speculatiots of her domestic errands. The misery, demoralisation, and ruin which follow in the nake of such a carnival as "the Derby" are impossible of estimate. Scarcely a circle of society in the kin b f-dom is alto ge th er un t ouc h e d b y it. It is a great social intoxication, which leaves misery and disgust behind it, or a social earthquake which leaves desolation in its train. A race meeting is not only formidable by its own evils, but it attracts almost every other form of evil to itself, and gives it a temporary protection. It is impossible that public attention should not be earnestly directed to this subject before long, and whenever that takes place, the remedies applied will be sudden and effective. EXTRAPRDI2V S KY Dig:7) VET. Y Ih WARWICKSHII?E. A year and a half ago a blacksmith named Richard Jackson became landlord of the Black Horse public-house at Atherstone, in Warwickshire. He had not been in the house many days when one morning he told his wife that he would go out and see if he could get work at a colliery in the neighbourhood. He never re turned, and great anxiety was, of course, felt as to his fate. The ponds in the neighbourhood were all dragged in vain, and no tidings were ever heard of him. Last Sunday morning, however, his body was discovered in a pond known as Marston Quarries. The water in which it had been so long immersed covers an area of upwards of an acre, and is in some places thirty yards in depth. The body was found in one of the deepest parts, and was in a frightful state of decomposition. In fact, identification would have been impossible had it not been for the finding of a knife, snuffbox, and pipe, which the man was known to have possessed, in one of his pockets, and for the fact of his having had several fingers cut off, some time prior to his untimely end, u bile engaged in chaff-cutting. Upon examina tion it was found that a piece of tarred rope, to which was attached a large iron bend pipe, had been fastened round his body ; but the rope seems at length to have broken in two parts, and thus caused the body to rise to the surface. The remains were removed to a farm house in the village, there to await the coroner's inquest, which was opened on Monday night. SOUTH AFRICAN DIAMONDS. The legal interdict deterred for a time the present holders from sending to Europe the large diamond, the discovery of which has caused SO much sensation. The diamond was sent to England in the steamer Norseman, and has been insured for £30,000. We have been assured that the following is a true statement of the finding of the South African Koh-i-noor. Swartbooy, the finder, who now lives at Sandfontein, on this side of the Orange River, was asked to tell all about the finding of the diamond, and thereupon he, pointing to the opposite bank of the river, said, "Do you see the hill there, about 300 yards from the river, with the hut on it?" "Yes." Swartbooy then rejoined, " That is my but ; I am a Griqua, and I was living there about two months ago, when one morning I ran out of the hut to turn some gnats which were straying, and about 200 yards from the hut, on the ground, I saw a peculiar-looking stone, and on taking it up I felt convinced that it must be a diamond, although I had never seen one. I carefully put it away, and only sheaved it to a few mutual friends, cautioning them not to say anything lest it should get to Waterboer's ears, who would claim it. Shortly after, I removed to this (the colonial) side of the river, and entered the service of my present employer. I told him I had a diamond, for which I wanted 100 goats or sheep, but I did not produce the diamond, and nothing came of my offer after this. I one day gave it to my nephew and told him to take it to Schalk Niekerk, and ask him what he would give for it. I then sold it to Niekerk for 500 sheep, 10 head of cattle, and a horse." The above is from the Cape Standard ; but our readers will have observed that the mail steamer from the Cape of Good Hope, which lately arrived at Plymouth, brought the famous diamond to this country. It is believed that several other diamonds have been found, and the Cape Arjes mentions one for which £1,600 in sovereigns was offered and refused, but, owing to the royalty claims already referred to being set up, people were keeping their discoveries secret. More Australian miners had arrived to search for gold, but their prospects did not appear to be encouraging. LATE' AND POLICE. A FICTITIOUS INSURANCE COMPANY.—It wilt be remem bered that a short time since a young man named Williams, or Webb, who had been apawnbroker's assistant,was charged with having been connected with a sham Plate Glass Insurance Company. The impostors had obtained a number of subscriptions from licensed victuallers and other tradesmen, and the court was crowded with their dupes. It was pleaded on behalf of the prisoner that he was merely the tool of others. The Recorder has, how ever, arrived at a different conclusion, for on the case being heard on Tuesday at the Central Criminal Court he was sentenced to five years' penal servitude. ROBBERY AT COLONEL TEESDALE'S.—At the Middlesex Sessions, on Tuesday, James and Mary Gillis were charged with stealing jewellery of the value of £lOO from the residence of Colonel Teesdale, equerry to the Prince of Wales. The male prisoner was Colonel Teesdale's servant, and he and his wife remained in charge of the Colonel's house during his absence with the I'rince of Wales in Egypt. They commenced a regular system of robbery, taking fourteen parcels of goods to one pawnbroker, eleven to another, eight to a third, and so on. They were each sentenced to two years' imprisonment with hard labour. AN UNREASONABLE COMPLAINT.— An elegantly-dressed woman presented herself at Marlborough-street Police court, on Tuesday, to make a complaint against the police. She was the same person who had been convicted at that court of obtaining goods fraudulently from several tradesmen. She complained that she was engaged in establishing a ladies' school, but that the police prevented her and injured her prospects. The magistrate told her that she was most unfit to have charge of a school, and that he was surprised at her application after she had been proved to be a swindler of no common order. ANOTHER IRISH OUTRAGE.—A Dublin corre spondent writes :—" John Ryan, a farmer at Kilcomrnon, near Nenagh, was fired at and wounded by his stepson, named Burke, on Monday evening. It is alleged that Burke felt aggrieved at Ryan acquiring the farm by his marriage." THE SUSPECTED POISON ING IN NORFOLK. —The inquiry into the case of John Mayes Davy, who, it is alleged, was poisoned in the course of last month by his brother, George Davy, and his sister-in-law, Susannah Davy, is not yet concluded. An outline of the case has already been given. On Monday the prisoners, George Davy and Susannah Davy, were before the magistrates at Swaffham for some time. James Mayes Davy has not yet fully regained his health. He was subjected on Monday to a long cross-examination, and a further remand WAS determined on. A NEW KIND OF RAILWAY.—A novel and in genious scheme for railway extension has been before the Ottoman Minister of Public Works and the Council of State. According to the Levant Times, "it consists of a sort of serial railway, recently patented in England. The idea is borrowed from the telegraph wires. A strong ire cable is carried across poles at certain distances, and on this wire is slung a number of trucks which are drawn along either way by another wire attached to a stationary engine at each end—as the Blackwall Railway in London was originally worked. The posts are so constructed as to enable the trucks to pass them. On inclines, the line can be so arranged as to require only steam power one way in drawing the trucks up. The speed is six miles an hour. The trucks are adaptable for the conveyance of passen gers, though the plan is specially suitable for the transport of heavy goods in rural districts which could not afford a railroad. The scheme is recommended by its cheapness, there being no land to buy nor road to make ; by its practicability in localities where the con struction of a railroad would be enormously expensive ; by the readiness of the promoters to carry it out without any guarantee from the Government beyond protection to their interests. If it should prove a success it would go far to solve the great problem of all in Turkey, the impor tance of which will be only enhanced by au extension of railways—the provision of means of intercommunication in the interior of the empire." THE FATAL FIRE AT PENTONVILLE.—On Tues day Dr. Lankester opened an inquiry at the Cherry Tree Tavern, Bowling-green•lane, Clerkenwell, into the cause of the death of Martha Naylor, aged 20, Ann Letitia Thomas, aged 23, and Annie Richardson, aged 3, who lost their lives at the fire which broke out at 217, Penton. ville-road, ' through the ignition of a bottle of paraffin oil. The mother of Martha Naylor, who was first examined, said that ber daughter. worked for Mire Jago, at 217, Pentonville•road, and would have re. turned home that night but for the fire as soon as she had completed herwork. The attention of the witness having been drawn to the fact that her daughter ought not, in accordance with the Workshops Regulation Act, to have been at work when the accident happened, she replied that her daughter had often to stay at work till ten or eleven. Mr. James Richardson said that lie was taking supper with his wife and friend on Saturday night, about ten o'clock. Suddenly hearing screams for help, he ran down to the basement, where he was met by Mr. Till, who exclaimed, " Come and help me, for I have a bottle of oil on fire in the kitchen." Witness, however, was driven back by the fire and smoke. Running up to the first floor front, ‘vhich he mistook for his own room, lie threw up the window and gave an alarm. Iravi.ig gone to the second and third fl oo r, he descended to his own room and took Lis boy out through the roof and passed him into another house. Whilst on the roof he saw a rope lowered to a young woman on one of the window sills; and she was dragged up and saved by it. Not seeing his wife and deceased child in the room when he left it. he concluded they were saved. He afterwards saw his wife in the crowd, but another child, which s'ept through all the disturbance, was found burnt to death Oust where it had been placed. A. relative of this witness bad to identify the body, as h e bad reluagi to . i9ok at it. inquiry was adjourned. THE SUN; 1.40N)):01N, EDNESDAY EVENING, JU_NI4 9, 1.869, 17 A Z s ON AMERICA: Those just out for June touch more fully than usual on American affairs. Blackwood has " Ame rican Reasons for Peace" ; the Fortnightly, " Ame rican Feeling towards England" ; - Macmillan "In ternational Copyright between Great Britain and America" ; St. Fags, "International Coinage." The article in Blackwood, to which we have alluded in a leader, is poor to a surprising degree ; nor that only, for it is untruthful. Weare accustomed to plau sible papers misrepresenting America, but Btackwood does this so a s to impose only on those sharm.fully igno rant of the United States. Putting politics aside,Ehony is a favourite magazine,and much read in America. The more the pity ; for such rubbish as the article in question generates contempt, as well as annoy ance that the educated classes in England should be content to remain so ignorant of the country that such stuff can be imposed upon them. The writer may lilies! Senator Sumner to his heart's content if it eases his mind and satisfies his readers ; but what he says should at least have a semblance of truth. Several English papers have followed the same plan to belittle Mr. Sumner by associating hint with Senator Chandler, w hereby a great orator, states man, and party leader is classed with au individual who has no such standing, and excites but little re spect. The writer might as truthfully, couple in the same category the Queen of the British Empire and of the Sandwich Islands, or Mr. Bright and Mr. Finlen. Whatever may be the opinion held of Mr. Sumner's celebrated speech, no man can truthfully describe the Senator himself who does not speak of him as a great and good man. His hatred of slavery may have grown into a mania, but can any one deny that his life has been devoted to a noble cause ; that this cause has been pursued by him with consistency, through evil and through good; in peril, for there was a time in Washington when a man risked his life who advocated such opinions, and Mr. Sumner nearly lost his ;—in triumph, for now he is a ruler in the Senate and in the councils of his country, even this philippic against England being inspired by the belief, that England was false to the emancipation faith she professed, sacrificing it to the desire of rending the Republic asunder. Nor is Mr. Sumner a man imbued with a noble oeject only ; for he has followed it by pure and up right means. He is a great orator, which even the men who most condemn his speech are compelled to allow ; he is able and most successful ; therefore chose ha knowing this yet class him with Chandler and with Robinson, write with malicious untruth, and are not likely to benefit the periodical in which such falsehoods find a place. Blackwood discusses the probable effect of a war much in the same way, but other papers have surfeited uswith this nonsense. The paper in the Fortnightly, written by Edward Dicey, is of a different character. Mr. Dicey con demns the speech in no measured terms ; but he puts it in its proper place as an expressicn of the American mind. Regarding that feeling he takes almost an identical view e ith that expressed by us. He maintains that the attitude of England during the war was most keenly felt in the New Euglaud States ; hence in them is to be heard its most bitter condemnation. These were the States which not only suffered most in an outraged sentiment, but ie ma terial los-;es by the cruisers—although Mr. Dicey has overlooked this—and their interests are those chiefly involved in American supremacy in the ocean carrying trade. The feeling in the West be hold: to be one of comparative indifference, the South being almost wholly indifferent. Ile has some remarks about New Englanders as Americans and as Englishmen. Of all Americans they most closely resemble the English ; indeed he maintains they are identical, with that difference, of coure, pro duced by a continental instead of an island - deuce. They would be deeply offended if mistaken for anything but Americans, while claiming to be something differing from ordinary Americans. But this is natural, and has its counterpart in every country. We all lay the flattering unction to our souls that our's is the great nation of the earth, while our own section is the create de la creme of that nation ; thus we arrive at the pinnacle of humanity, and we h eve only to go a step further and assert au individual superiority to place oneself on the apex. The neighbours dispute the individual's pretension ; the nation disputes the sectional pret. n sion, and the world disputes the national pretinsioe ; thus I , y as easy stages we come down again. The Forlii:yhtly makes an assertion we are greatly inclined to endorse, though not wholly —that America is tl:oroughly English in the tone of its sentiment and thought.; that if England takes a question, and argues it from the same point it will arrive precisely at the same conclusion at which America would arrive, and use the same means for redress. Hence he maintains that if the English would regard tire illabanza question from the American aspect they would comprehend the American feeling; and it is a pity for this reason that Senator Sumner's speech was not published in the 'Times or the Telegraph, with an introduction asking the reader to listen to the orator if he could as an American, explaining what this meant in a few brief sentences. Professor Goldwin Smith, in his reply before the Cornell University, on the 19th May, said, "If I know anything of the English people, the Government, to rouse to fierce and una nimous resistance has only to circulate that speech throughout the land." Yet it appeared to Ameri cans (notably to Mr. Sumner himself) a very pacific speech, setting forth the injuries, although in exag geration, still calmly and dispassionately. Had an English Minister made such a speech in the Home • of Lords after the repeated invasions of Canada described by Sir Francis Head, claiming not only heavy damages, but an apology, lie would have fired the American heart precisely as Mr. Sumner's speech has that of England, while Americans are unconscious of having wronged England in the way Sir Francis describes. There is one remark from which we entirely dissent. Mr. Dicey says—"lf the State of New York, for instance, was governed by an Irish majority, as might well happen, and if popular opinion was hostile to England we should have Alabamas sailing from the Empire City, no matter what Conventions had been entered into between the Governments of Washington and St. James." Herein we believe the writer to be altogether wrong, feeling as we do assured that the Government at Washington would be as well able to enforce its orders and the law on New York as on New Or leans, or on any other city of the Union, and not only could, but would loyally do so. If not, the attitude of America is little less than mere bullying, for it brings that as a heavy charge against Britain which, under similar circumstances, must occur in America, condemning in unqualified terms the in fraction of an international and municipal law in another country which it could not prevent in its own. Not only is Mr. Dicey mistaken, but lie is shown to be so by the recent course of the Execu tive at Washington with regard to Cuba, and i this is one of the errors which makes England feel os sore under these claims, for here it is hell that America urges intemperately an infraction of law, which, had the circumstances been reversed, she, in accord ance with her usual practice, would have infringed. Mr. H. A. Burnell, a lay preacher of Wisconsin, is to spend four months in preaching on the line of the Pacific Railroad. Ills head-quarters for May was Council Bluffs ; for June, to be at Denver and Salt Lake City ; and for July and August at San Francisco. Professor Austin, of Washington . City, with a number of assistants, is now at Springfield, Illinois, by order of the authorities of the United States, for the pur pose of establishing a new meridian line, to be called the " Springfield Meridian Line." One object of the establish ment of this line is for th e pu rpose o f ta ki ng observatfons during the great solar eclipse to occur on August 7,1.869, and which will be total in that city. Preparations are now being made by the authorities at Washington to send out a complete party of otservation, as this will he the most complete and interesting eclipse that will occur in America during this century. _ Alexander T. Stewart, of New York, has given $6,000,000 to build two homes, oue for young working women, and the other for young working men. LUXURIANT AND. BEAUTIFUL lIAIR.—MRS. S. A. ALIEN'S WORLD'S HAIR RESTORER OR DRESSING never fails to quickly restore Grey or Faded Hair to its youthful colour am' beauty, and with the first application a beautiful gloss and de lightful fragrance is given to the Hair. It stops the Hair from falling off. It prevents baldness. It promotes luxuriant growth; it causes the Hair to grow thick and strong. It removes all dandruff. It contains neither oil nor dye. In large Bottles — Price Six Shillings. Sold by most ChemiPts and Perfumers Depot 266, High Holborn ATJISCELLANEOUS YEWS. ItZPIt2SENTATION OP NOTTINGT/Alf. Thirty thou Sand - persons having witnessed the funeral of Sir Robert Clifton, the electors are now in a state of excitement as to his successor. Mr. George Potter has issued his address. He offers himself as " a working man," and as " one of the representatives of organised labour throughout the country, aml the advocate of industrial associations as a corrective to the enormously grow ing, and often misused, power of capital. He upholds the rights of workmen to combine, but says that intimidation must be " firmly restrained." He is an advocate of Boards of Conciliation and the development of co-operation. He is a supporter of the Ballot, the religious equality of all Churches, of a Government system of emigration and reclamation of waste lands, and of the reform of the land tenure both in England and Ireland. It is nut expected that Mr. Potter will meet with much support. Mr. Digby Seymour, a friend of the late member, is mentioned as likely to be selected by the Indepen dent party. The position of Colonel Wright with regard to the constituency further aggravates the uncertainty. It appears that when Mr. Seely, the defeated Liberal candidate who had the highest number of votes, commenced to petition against the elected Conservative member, he (Colonel Wright) said that he was in such a wretched state of health that, petition or no petition, be should resign before the end of the session. Ile further told Mr. Seely that the doctors said that the worry of a petition might prove fatal to him. There fore, he urged, " Leave me in quiet possession of my seat for two or three months, just long enough to satisfy the claims of my party, who have put them selves to great trouble to get me in, and I'll resign at the end of the session or during the session." Mr. Seely withdrew his petition on this understanding. It is now proposed that Colonel Wright shall resign at once, in order to spare the excitable borough the turmoil of another election a month or two hence. TIM POLITICAL CRISIS. The Liberal Commons gave their note of defiance to the Conservative Peers on Monday night. The Whips arranged a little scene which was intended to have, and did carry with it, much significance. When the Speaker took the chair there were barely enough members present to constitute a house, and there was nothing on the paper calculated to prompt hon. gentleman to display any particular alacrity of attendance. A few minutes prior to the commencement of public business, however, there was a sudden and numerous inflow of Ministerialists, and very shortly the benches on the right became crowded to excess, as if pending some important official declaration, or in expectation of a great field night. The Prime Minister, who usually enters the House and takes his seat on the Treasury Bench from behind the Speaker's chair, departing from his wonted custom on this occasion, came by the bar when the way was clear. His entrance was at once recognised, and immediately a shout was raised by the Liberals, which they renewed and renewed again until long after Mr. Gladstone had taken his seat. Thus again have the Liberals shewn their adhesion to their leader, and in doing so have proclaimed unmistakeably that they will support him, if it be necessary, against the Peers. Of course the Tory journals find in the event an indication of the ready subservience of the mem bers of the party to the Whip. That can pass. But a few months ago the same organs were rejoicing in the division of the same party. They would doubtless rather see a repetition of the same. It is worthy of note that the same Conservative journals are exulting in the fact that " When the members of the National Union assembled to present to Lord Derby their address in regard to the Irish Church Bill, they were joined by Sir Thomas Gladstone, Mr. W. E. Gladstones elder brother, who, on the p art of the Scottish Constitutionalists, presented to Lord Derby a petition for the rejection of the bill." This paragraph is published under the heading. "A Divided House." In spite of the continued confidence with which Lord Derby expressed to the deputation from the • Conservative Association his conviction that the bill would be thrown out by "an adequate majority," that contingency becomes more and more uncertain. It is understood that eight peers, includ ing, beside those already mentioned, Lord Sidmouth, expressed their dissent from the course recommended by the ex-chief ; and it is probable not only that more dissentients would have expressed their views but for the impatience with which those who spoke were received, but that a large number of the peers who absented themselves did not approve of the course to which Lord Derby has pledged himself. The few remarks made by Lord Devon in presenting the petition from the Archdeaconry of Exeter are sure to have great weight. It is remarkable that five such distinguished High Churchmen as Lords Devon, Salisbury, Carnarvon, Nelson, and Limerick should all be opposed to the rejection of the bill. Their natural antipathy to the Orange party has perhaps quickened their judgment in this matter. They cannot but see how dangerous both for the Church and the State is an alliance with men who, because their Church is destined to dis establishment, threaten to hoist the green flag and to resort to civil war. The lengths to which the Orange party are pre pared to go in dealing with the Irish Church Bill may be gathered from the fact that the most extreme of the Dublin papers talk of appealing to the mob, and openly contemplate the probability of civil war. Extremes meet; and in suggesting an appeal to arms, the organ of the Orangemen—the lowest depth of Low Churchism—is but carrying out the policy which the high Church Archdeacon Denison first put forward in his address at the Bristol Conservative banquet prior to the session of 1868. The London correspondent of the Leeds Mercury attributes the present action of the Conservative peers entirely to Lord Derby. He says that it is notorious that : "Lord Cairns was in the first instance strongly opposed to the course which has now been adopted; and it is hardly necessary to say that Mr. Disraeli and Lord Stanley regard that course with positive disgust. But the Tory peers are no longer disposed to take their cue from the two most eminent men of their party in the House of Commons, and Lord Cairns has not the personal influence in the counsels of the Opposition which would be necessary to enable him to bend his nominal followers to his own will. He is the agent more than the leader of the party, and in this instance he has received his brief from Lord Derby, and is compelled to speak to it. Acute critics saw mischief some weeks ago, when Lord Derby suddenly assumed a leading part in the House of Lords, and made his most outrageous and unscrup u l ous a tt ac k upon M r . B r i g ht. At th a t time it was generally supposed that the Earl intended to thrust Lord Cairns aside, and assume, uninvited, his old post of leader. He has, it seems, chosen another course. He is to be, not the ostensible chief, but the wirepuller of the party. The moderate men have been thrown overboard, and the Westmeaths and Redes dales and Mariboroughs are ready to go anywhere or to do anything at his instigation. The amiable but very weak nobleman who has been chosen to move the rejection of the bill will, of course, give no support but that of his ,ote to his party. It will rest with Lord Cairns and Lord Derby to state their reasons for forc;ng upon the House of Lords the unequal contest between them selves and the country. On the other hand, Lord Salisbury, Lord Stanhope, and Lord Carnarvon will speak against the policy of their :party, and it is now understood that Lord Westbury, upon whose support the Tories confidently reckoned a short time ago, will take no part with them. It is yet more certain that Lord Russell will give them no assistance." The same writer testifies to the extreme delight with which the decision of the Peers has been hailed by the extreme Liberals. He says—and we can bear out his asser tion—that the numb e r of a ble men who now openly avow their preference for a Republican form of government is increasingly large. These views were openly avowed at a dinner party given by an eminent journalist on Saturday evening, and every member hailed with delight the news of that evening. The hope of those who hold these extreme views is that the great question of privilege versus the public good will be raised upon some point of broad and general interest; and their belief is that the moment the question is raised under such circumstances they will be able to enlist under their banner the whole of the trades unions, which they have been courting th a e ssi m d o u s o t u p s o ly we fo rf r u y l e o a r r g s a p n as isa t ii a o n ns d ex T i whichthi The y ta . nley writ es t o th e St ar on th e i t g h Thi e in y i .t r hL e g ey a cu i o • i d puh a n s tsr present political crisis, and endeavours to find some means of escape from the impending dead-lock. Con sidering the large majority by which the Suspensory Bill was thrown out, he thinks we mustcontemplate the creation of at least fifty new peers, or, perhaps, even a hundred, if this means of carrying the Irish Church Bill be resorted to. Mr. Stanley thinks it is neces sary to remember that while many P eers w h o vo t e d for the Suspensory Bill will be absent from the division, the creation of new peers will offend many lukewarm Liberals who have hitherto supported the Government. There are grave objections to the creation of peers, and there are many considerations which shew that we want some more efficient remedy for the present state of things. It has been suggested . that it might be found in Mr. Gladstone s resignation, since the im possibility of forming a Conservative Government would, it is supposed, convince the Peers that they must give way. But Mr. Gladstone is supported by such an overwhelmig majority that no light could be thrown on the matter by this course. Neither is a general election likely to be of much service. How can the position of affairs, asks Mr. Stanley, be different if we go through the same routine, and what new argument can be addressed to the House of Lords in Octobery The present collision has, he thinks, been impending ever since 1832, and the dis cord of ideas between a House of great territorialists and a popularly-chosen assembly will -become daily greater. The Peers have got to learn the lesson— and the sooner they learn it the better—that the will of the people must prevail. Let them not invite a revolution by seeking, either alone or in alliance with great material interests, to stein the rising tide of popular government. LORD lIARROWD3. A correspondent of the Daily News, signing him self "A Liberal Peer," points out that Lord Har rowby was never truly Liberal, even while he held office under Lord Palmerston. His name is to be found in the division list of the 23rd of June, 1850, against the Oaths Abjuration Bill, the object of which was the admission of Jews to Parliament; and, notwithstanding that he voted on that occasion against the rest of his colleagues, he continued to hold the Privy Seal. A NEW FUNCTION FOIL. THE LOWER lIOUSE, - - -- - In the discussion about the late Mayor of Cork some Weeks back, doubt was expressed as to whether the House of Commons had the constitutional right to examine witnesses. To set the matter at rest Sir John Esmonde and Mr. Bonham Carter have pre pared and brought in a short bill giving power to the house of Commons and select committees of the House to examine witnesses on any bill or ally other proceeding before them. THE PRISON TIIEATMENT OP TIIE CONV.O fED rENIA2:9. Mr. W. 11. O'Sullivan, who has umicrgone imprisonment for treason-felony, writes to the Daily News to declare that political prisoners are treated worse in Ireland than in any other country in Europe. He has already brought his case before the Government and Parliament ; but neither the Chief Secretary for Ir e l an d nor th e H ous e of Commons seems to make m uc h o f hi s comp l a i n ts ; and Colonel Wilson-Patten, the holder for a short time of the Chief Secretaryship under Mr. Disraeli, declared that a great many of the statements had been proved to have been exaggerated. At this Mr. O'Sullivan is much annoyed, and writes in great wrath, challeng ing Colonel Patten's contradiction, declaring that he has seven respectable witnesses to prove the truth of his petition, 7 ' . . . - . REPORTERS WANTED. Authorised reporters are found useful now-a-days. Important meetings, from which writers for the press are refused admittance, get so misrepresented that those present are only too glad to take refuge by telling the whole truth. Especially has this been found the case with regard to the meeting of deans called to reform the cathedral system. Some three or four reports, purporting to be correct, have appeared, differing from one another as the sun, moon, and stars. On some of these reports comments have been made, and letters to the papers written. In connection with ono of these the Archbishop of York writes : "With reference to the letter in your impression of Saturday, signed 'Ancona' (anagram for 'A Canon?'), allow me to say that the report on which the writer relies must be very incorrect. It misleads him, among other things, as to a calculation I am supposed to have made as to the unanimity of the meeting, and as to an onslaught that is supposed to have been commenced on canons of cathedrals. The only step that has been taken is a very harmless one—that of inviting suggestions as to cathedral reform from the chapters themselves. It will be for the advantage of any future meeting, if its proceedings are to be reported, that it should have the benefit of the presence of one of your staff, instead of that of an imaginative amateur." THE ENGLISH JOINT-STOCK BANE. The decision of the Lord Mayor with respect to the charges against the manager and the directors of the English Joint-Stock Bank seems to give general satisfaction. The history of this case is told in a very few words. In 1864 the bank was formed, and had for its chairman Mr. Andrew Laurie. The bank failed in 1860, and during those two years con trived to lose a quarter of a milli on . Wh en th e bank was started it was proposed to use the capital of the company in dealing with the company's shares. The committee of the Sto& Exchange objected to this course, and refused to grant a settling day unless the directors pledged themselves not to use the power w hi c h was g i ven to them. Mr. Laurie subsequently resigned, and sold his shares, and the throwing of them upon the market naturally created great susp i c i on w i t h regard to the affairs of the company. It was attempted to be shewn that he had done this out of spite; but the evidence proves rather th a t h e f e lt convinced that his fellow-directors were determined to act imprudently, and that the sooner he got out of the affair the better. As soon as he had done so the directors used those powers which the Stock Exchange had protested against. They did so, it may charitably be assumed, in the interests of the shareholders, which were supposed to be forwarded by any attempt to restore confidence in the bank. But the shareholders who were induced to buy or retain shares in what was all the time a rotten con cern think differently, and commenced the rec en t proceedings against the chairman, the directors, and the manager. No intention of fraud was shewn on the part of the two first, so they have escaped, after a very severe lesson. The charges against the manager were more serious, and were supported by stronger evidence. Upon these the Lo rd Mayor ha s comm itt e d him for trial at the Old Bailey. " NOMINATORS " AND RACES. Sir Joseph Hawley was the cause of the largest amount of excitement about the Derby this year. He gave notice of the reported death of the nomi nator of Pretender ; and had this news been true, an event having nothing to do with the race, having no influence on the merits of the horses, would have made the money staked on bets change hands, and altered the whole aspect of the - Derby. Already the charge against the Turf is that it is simply a game of chance, that the best horse does not win, and that the fascination of sporting lies in its uncertainty. But here an element of chance is added, without any reason that we can discover, and the winning of a horse is made to depend upon a man's life. Admiral Roils is endeavouring to remove this absurdity in future races. At the next general meeting of the Jockey Club the gallant turate will move that " The Jockey Club recommend the commmittee at Tattersall's to adopt the following rule In the event of a horse winning a race, and it being sub sequently discovered that the nominator was dead when the horse started, it shall in no way affect the validity of the bets, unless the nominator's decease was officially or publicly notified to the stewards or to the racing authorities of the meomg before the race took place.' " FOREIGN NOTES. THE ALABAMA CLAIMS. More news about Mr. Motley's instructions. The Washington correspondent of the Telegraph is of opinion that the Alabama claims will not be brought forward at the commencement of Mr. Motley's ambassadorial career. He will first set to work upon expanding the protocol respecting the rights of naturalised citizens into a treaty — a work involving no difficulty, but nevertheless requiring time. Then a new treaty about consular matters is required. These two undertakings will have the effect of postponing the Alabama difficulty. Meanwhile Mr. Sumner enjoys his notoriety, but it is notoriety of an unenviable kind. He is profoundly mor- tified at the emphatic censure which his speech has met with in England, and at its rapidly-waning popularity in America. The correspondent of the Telegraph says that at a recent social gathering, at which were present Cabinet Ministers and leading friends of the Government, the favourite joke was Mr. Sumner's speech, and the snubbing and exposure it has received from the British press. DETENTION OF A BRITISH SHIP AT NEW TORS. A small " 290 " case has occurred in connection with the Cuban revolt. A British ship, the Quaker City, ostensibly bound for Jamaica, was suspected by the Spanish Consul at New York to be really destined for a filibustering expedition to Cuba. On his representations the AmeLican Treasury department ordered the detention of the vessel. The British Ambassador has, however, interfered, on the plea that there is no proof of the illegal destination of the ship. The District Court will inquire into the matter, and if it turn out that the vessel is bound on a lawful mission, the costs of her detention will be demanded of the Spanish Government. NEGROES IN THE SOUTH. According to the correspondent of the Standard, the negroes of the Southern States are makinga good use of their freedom. All accounts agree in the statement that they work well and harmoniously. One fact is especially cheering: they will not allow their wives to work. They insist that the women and children shall be exempted from the common necessity of labour, and Dinah accordingly sits in her boudoir and eats sweet potato and hominy in comfort, surrounded by the piccaninnies ; but as Dinah is not main. tained as of yore by the master of the estate this is only Pompey's loss. THE REGENCY PROJECT IN SPAIN. The Indepenclance Beige says that a majority of the Cortes are agreed upon the institution of a regency, which will be required whether the choice of a king be postponed or the Duke of Genoa be elected at once. This party is equally unanimous in thinking that the regency should be held by Serrano. But it is proposed that the Marshal shall enjoy all the powers of royalty, excepting " only " the right of dissolving or suspending the National Assembly, and of vetoing the laws passed by it. These restrictions will reduce the power of the regency to very undignified pro portions. FRENCH AND PRUSSIAN ARTILLERY. The semi-official Painie, of Paris, delights in making comparisons between the strength of the French and the Prussian armies. Some writers have been bold enough to assert that the Prussian artillery numbers altogether 8,000 guns of all kinds, and that the French army is inferior in this important department. The Fable contemptuously extinguishes these adventurous journalists. It is not disposed to contest the point that the Prussian artillery counts 8,000 guns ; but it is enabled proudly to assert that the French cannon of all descriptions amount to the total of 8,845, most of which are new rifled pieces. RACING IN PARIS. The contests between horses at racing meetings hi England are becoming more and more a subordinate _ . • part of the business ; but in France they nave peen from the first a mere pretext for the gathering together of an immense quantity of people. The French care nothing about racing. But they care a great deal about dress, and a racecourse furnishes admirable conveniences for a fashionable display. Even the Grand Prize, a most valuable stake, excites comparatively little interest. Toilette absurdities are the chief concern of the gay crowd which assembles at Longchamps. On Sunday the Empress, wh.), with countless other lady magnates, was present, was dressed very " simply." Her costume looked as if nankin was the material of which it was made, but it appears that it was of China crape, and must have cost £2,000, Even this extravaganee does not represent the height of fashion at Longchamps. The demz-monde com : . pete most successfully with the ladies of the beau-monde, who, indeed, are obliged to dress simply in order to keep up the contrast. They cannot compete with the glaring red locks, the diamond powder, the " humps " adorned with tufts of ribbon and laces, and the extravagant costumes which carry every thing before them. An attempt was once made to keep the demi-monde out of the ring, but it miserably failed: The beau-monde has found it necessary to give up the con test. By the correspondent of the Daily News we are told that the sensation of the ring was an American Anonyma. She came to brave out the Queen of Holland, who, she heard, was to be in the Imperial stand, and whom she has her own reasons for not liking. This Transatlantic beauty, although she has four teen horses in her stables, rode from the Parc des Princes in a tricycle with a blue satin cushion and silver mount, live, followed by a groom on a bicycle, who took charge of her vehicle while she was making up her book. The Emperor witnessed the great race, and was, perhaps, the most bored by it. He was visibly out of sorts, and looked weary. An attempt to get up a demonstration before the Imperial stand failed utterly. A AIERICAN FINANCE. (From the Anglo-American Times) When Air. Boutwell was appointed Secretary of the Treasury many predicted misfortune to that most important of departments in the hands of one who knew nothing of finance, and whose notions of political economy were, it was said, grounded on error. W hatever may beSecretar:, Boutwell's know ledge of economic laws his common sense appears to guide him aright in dealing with the Treasury Funds. It is a simple rule in business, and one worth volumes of theory—to pay your debts when you have the money. If an interest-bearing bill must be paid, the sooner it is discharged by any unemployed capi tal the better, and it is clear the Secretary is acting on this rule. But the financial affairs of great na tions are always complicated, and more especially is this at present the case in the United States, where the precious metals form no part of the currency, but are commodities altogether distinct. No move ment can be made in one direction without finding the equilibrium destroyed in the other, and so deli cate is the adjustment, so insecure the irredeemable paper basis, that the Secretary, when even taking the step his common sense dictates, sinks, and doubts whether the cry be true that he is in a quagmire. l'o understand his difficulties in deciding on selling a million dears of gold every week, now inereasAl to two millions, and in purchasing Bonds with the currency proceeds not soon needed to meet the Government expenditure, something should be known of the finances with which he deals. The revenue of the United States must be thus di vided—the import duties receivable in gold, and the internal revenue and other imposts receivable in greenbacks. The United States expenditures are like wise under two beads—the gold interest payable on the National Debt, and the salaries in currency to the army, navy, officials, the payments for contracts and other general expenses of the Government. The import duties bring in more gold than the Treasury requires for the payment of the interest due in gold ; the internal revenue and other taxes bring it less greenbacks than the Government re quires to meet its disbursements. The suggestion would then arise in any mind that Vie Secretary has but to exchange the accumulating' gold surplus into the amount of greenbacks required, and thus adjust the difference. Now this is not only what Mr.Boutwell is doing, and what Mr. M'Culloch was compelled to do, but the new Secretary does some thing besides, and it is more especially that which has raised a controzersy in the financial centres, and led many to condemn his policy. The present average monthly gold receipts from the Customs' duties is $15,000,000, while the amount necessary to redeem the coupons attached to the national bonds, is about $10,500,000 a month. Hence a surplus would accumulate in the Treasury every month of four and a half millions, if these figures could be maintained. But the Cestoins! receipts have lately been unusually large,and cannot be relied on to con tinue by the Government. Still experience has shown that they will always be considerably in excess of the gold required for interest. According to the Secretary's return for the Ist May, the coin in the Treasury was 5i92,031,732, at which period the total amount of gold interest due or accumulating against the Government was $45,000,000, which leaves a valance of $47,000,000 in gold, the property of the nation. At the same time the cur rency in the Treasury was but $7,896,564—a sum wholly inadequate to meet the expenditure of the Government. By the telegram received on Thurs day the cal in the Treasury on the Ist June was $124,000,000 ; of which $104,000,000 are in coin and $20,000,000 in currency. On the Ist May up wards of sixteen millions and a quarter of what was called coin were gold certificates of deposit, no more coin than Bank of England notes ; and therefore if a similarsum be deducted from the $104,000,000, it will be seen that the gold has decreased, though the currency has very largely increased ; but the figures from Washington by telegraph are irreconcileable, except by attributing to them a blunder of no less than ten millions of dollars probably in the currency ; which may have been mixed up with the Sinking Fund operations. Secretary Boutwell then stands in the face of a large accumulating gold surplus, and of a small an d d ec li n i ng currency balance, and if he had merely to sell the one to increase the other his task would require but little skill or con sideration. The affairs of a great nation cannot, however, thus be dealt with, for the moment be gets outside the Treasury he becomes involved in a chaos of conflicting interests. We say chaos advisedly, for it comprises things which "no feller can understand." Gold is, in the full sense of the word, a commodity in New York, and financial transactions on an enormous scale daily take place in the Gold-room, where is to be found a screaming, rumour-speading, panic -creating mob. The outsider might consider it a Bedlam, while, in truth, it regulates at least for the moment the value of property iu the United States. A rise in the price of gold means a fall in nearly everythi ng, an d a cons i derable rise, such, for instance as was lately experienced, is a disturbance of all values. Englishmen may, in some degree, understand it by conceiving bank-notes only to be in circulation, and then that within a week their purchasing power bad fallen, say eight per cent., so that if everything for sale had time to ad just itself to the price of gold they would be mulcted about one shilling and seven-pence on each pound sterling of money in hand, of income, rents, salaries, &c., &c. The fluctuations then have a very serious meaning in America, and when Secre tary Boutwell takes his place in the market as a seller he adds considerably to the disturbing ele ment. It is said that there are no more (though we much question the assertion) than $100,000,000 in specie in the States east of the Rocky Moun tains, so the man acting with $92,000,000 of that amount CAR seriously affect the market. No doubt there is gold hoarded which finds its way neither to Wall-street nor into the Treasury, an 1 the $100,000,000 may represent the sum with which these operate. If $92,000,000 of it be in the 'Trea sury, only the narrow margin of $8,000,000 remains, which must cause great sensitiveness , t h e py r a mi d being on its apex. To such an extent was this felt last April that our English readers may recolect coin began to flow from the vaults of theßanleof England to New York, as the quantity had become so limited that the importing merchants could not get what they required to clear their goods without sensibly affecting the premium. It was then that the Secretary offered to anticipate the interest on the coupons at a rebate of 6 par cent. When, then, Mr. Boutwell comes into the market. as a seller of $2,000,000 a week the effect must be considerable, unless counteracted by other causes. A heavy fall in the price of gold makes it, the cheaper, t a send to '-.. Europe, if the National Bonds do not droop hi corresponding degree, in payment of the difference between the values of the exports and imports. Tll A e tendency in America, in spite of all warning a' every effort to restrain extravagance, has bee ° largely to increase the orders for foreign luxuries, while American exports have been in the invell e ratio. For the first four months of the current So r the imports at New York were $31,500,000 io cess of those for the same period of last ve.tr, being £24,000,000 sterling against £17,000,000, and that against 11 1,700,000 in 1867,as valued abroad wi thout freight and duty, which nearly &Cable the am gig" while the exports were $15,500,000 less than then, and are still ou the decline, though we thi ok i ° change may be anticipated, for the country is rap id r 3 its old industrial course. The differee'3: has to be adjusted either by the export of 5-20'6 °r of gold and silver, and were it not for the fort`. many good authorities think the present l elur f l ' o ous rate of living would soon be brought ; 1$ an end. Thus the bonds and these w et are of the highest importance to the mer c t; tile community in conducting their operations• only, however, does Secretary Boutwell sell gc u d : but he buys bonds with the greenbacks not requir e .. Hence his operations tend to lower gold and to rtio i : the bonds, and this it is which has call d forth su e . .:opposition. The Secretary's operations interfer then directly with trade, and as the speo lla , t l spirit is rampant in New York, hundreds basing,tu transactions on air, merely acting as bears s ari is "bulls," his course makes or mars fortunes, an d 1 furiously assailed or strenuously upheld fan° se ; fish motives independent of its merit. Some a sse r , that the rise in gold would be beneficial, as it i3t i, ; cheapest commodity in the country which bas a ban ns ful influence in causing the imports and the luxu riee style of living. The result of the gold sales to t o be to substitute gold for the Fiv e T w enties, hlt her t , so largely exported in payment of American iud e l b ,, t edness, and those who oppos e this p o li c y c ontend °- the effect will be to sweep every coin out of the ee tle ; try, and end by raising the very premium it w as I, lg 3 , of the Secretary's objects to lower. But here, e gl ie another cause comes into operation. Five:ny e/3 ; 0 already, through their free exports, growing sea ', in Nall-street, by the purchases of the Secretary, 8 . s si becoming scarcer still, and Mr. Boutwell 's policy has bad the direct effect of enhancing tu' t , value even in the face of the heavy fall in Eu r°P to; and the threatening aspect following on Se n3 . lo , Sumner's speech. There is yet another subject 00 volved, perhaps more important than either the " for it is „ is or the bonds, and that is the currency ; it that the whole community traffic. The ind ueli e y that a strong man may have in making ' ll l 5 , " tight," even in the great American metr° l3° lc , and thereby affecting the entire mercantile traos;3, tions of the nation was seen by the gambliag. °P e he ir tions of a few Erie directors. By having their tions hand on this string they danced all Ameri call ,'`l r ile perty up and down like a Punch showmao, t he English merchants an I owners looked acre ss 5 11 Atlantic wondering what was going on, f°l• Tbe could see the effect, but few the hidden cord' an t policy of the Treasury in the face of a st tit ' h ° 3 eU money market has been to reduce its gre e° , - , e r balance to the lowest ebb, for the purpose °f b llO ing the largest possible circul a tion afloat. '' 0 13 Mr. BOUTWELL purchases bonds with the prOceltb of the gold sales his course does not interfer e %/ los the currency in the hand s of th e public; Yet it a li this effect, he sells the n ati on ' s h oar d, NN her eby . 4 , - 1 the return to specie p a y men t can b e accompli' iO , If we confine our att e nti on en ti r ely to Alee r viewed from this point his policy m ight be w rcal if but it has a wider range, embracing Enr° l3e• t he the obvious power of the Treasury to redeel° bid principal of the Debt i n d ue cou rse be thorongan appreciated in such financial centres as Londe° t o Frankfort, the United States could borrow on 111 , , 0i , I . o p less on erous terms,and when that credit is thoroalbJe established, the return to specie payments w °l2 facilitated and be less costly, through the Che ap ly ability to obtain metal for the purpose eu'el,,t abroad. We have no hesitation in asserting t hal it not been for Mr. Sumner the Secrei37oo policy would have raisedFive-Twenties on the L °l ; t he market at least 5 per cent. The ininuatiog 1 ,1,4 Times that £150,000,000 sterling of these l x3 o oo were ready as a reinforcement to the now iu European coffers, to keep up the proc at ii i i y flatiou in New York and end in repudiation , true ; for the bonds are becoming scarce 1' the hands of those who will sell them in Aieerie''' , r e bulk of the debt being there held as Coo ols s to held iu England. The objec t of the Times , v1 ,., 3 e 10 damage American credit ( a bout which so er 's known in England), as a re t or t t o Senator S ui n.of speech, and this, coupled with the rise in the 1 3 ‘ ° do g England rate, caused a heavy fall, notwitbstae u °' Mr. Boutwell's measures. Had it not been fer f the foreseen circumstances the upward tendencyo use 0 Bonds would have en a bl e d th e i m porters st ill t 0 13; them with advantage iu spite of the decline in ce ia for if a 5-20 Ba n d wou ld se ll it an en hanced P ri a to London, the New York merchant could aff cr ig bt give a higher price for it in New York, and it ni rem it still remain better worth his while thus to teat than to buy gold cheaper. Nor would th is i c aa benefit have been all, for while enabling the A l33 h e ' o cea merchant to obtain more goods for the ea": the r bond, though w ith th e same fi gur e on its ork• Secretary could have established the propos e b l e st in London, and readily flo a t e d a loan redee naa t G ill longer dates and lower interest, payable t l l o gh and Frankfort. Our imp r e ss i on then is, that °it poet' Senator Sumner's speech defeated Secretary vial well's policy, at least temporarily, the Pcd iel o this judicious, and w o u ld h ave b een attended ° 0 0 aide the water, but for the speech, with p r o f as success. Indeed, in spite of the hostili t y ° oil) English class, the Secretary will assuredlyutiv Old the end he seeks, for the advantages offered ' J o y. investment in United States Securities are t° ° , 6s l) of able to remain long concealed fro m the 133— bilfe English investors. The United States, as W e age d again - and again said, i s t h e only nation end its in paying the p r i nc i pa l as well as the intere st jorf debt. Though the Union stands in the 50 : are position of havin g th e a bili ty to do th i s, yet 133tili here so ignorant of it s resources, t h a t they cla o " w et the category even below Governments wb °° ,l o ubt" to pay the i n t eres t o f t h e i r D e b t i s more 01 0 "wir ful. Notwithstanding, then, the shock a ciel o odf tered by the hostile attit u d e so a bruptly as sit . o pat and the caution inspired by the un d ou bted in datinicill New York, these Securities are even mere ra `c t oic l than we anticipated recovering lost ground' A ye' is falling, and we hope to see the policy of thc t iOec l rican Finance Minister receive fair 5 3 4 hi ,l that at least on this sid e , th e re sult will an s‘ B% expectations. LADvERTHEmENT.I-- Holloway's Pills. -- -"'" a ire°'" ( Existence.—This medicine embraces every attribute red(l_ioos a general and domestic remedy : it overturns the foi f t u' ra e lt disease laid by indigestible food and impure air. la -b h s r or congestions of the liver, lungs, bowels, or any ot 7, ,cess f % these pills are especially serviceable and eminently °;eciici° They should be kept in every family, as they are 0000,tir without a fault for young persons and those of feeble sitl' e t osf° tions. They never cause pain or irritate the 110 1, Ast nerves or tender bowels. Holloway's pills are the g purifiers 01 the blood, and the best promoters of ttbsorP ticle secretion which remove all poi sonous an d obnoxious Pal from both solids and fluids. BIRTHS. rr ibte' e f l. EASTON—On the Bth inst ,at Endsleigh-street, - , -°' 4. of l ' square, the wife of . Shaw- Easton,-E6ql Perey t he daughter. wife of Sidney Wilson, Esq., WILSON—On the Gth inst., at Wick Lodge, B ri g hten' of a daughter. Bu l l , , j,,,,,,1yzi,Es- _ . P issell, Esq., KINS— c , 11 013°1 Russr il L lß O ß n li t i li G e . C :S tli inst., at o• .i' l i r ,-- e tto ti t '' , , _. , Thomas Henry Burroughes, Esq., °I , D. I' ta . tiland, to Swan Helen second daughter of d• ITA."v - - ,' gravia, George Lacy, eldest son of . Mr. Geo- i ii gr.' ..uNs o E f y !ig o g n i n o H l e a s ll t , h N i o n r s t t li:u a n t pt s o t n Northampton shire of Barnsbury, to Dieu, only daughter of the late Kinsey, of Bermondsey. DEATIIS. 1 Dil li ' DRECE On the Bth inst., John Druce, Esq. , o. r -0 ' ter-square, and Dulwich, aged 69. Ite /6 11, yrl,tosin-n-iinouontdl: aged , the , sth at Handsworth, the Juan ia , , ai bot t ' L.IMBERT-00 the sth inst., Admiral Sir Geo.i.,---- G.C.8., aged 74. late of LOWE —On the sth inst, Whatson G. Low, Esti ' the Temple, aged :,7 London: Printed and Published by 13:riLLII 01 lx of No. 11.•) A , Strnd, Printer, at TnE SUN office, No.-,180%.--. in tile Precinct - of the Savoy, in the County of Al Lcia 11' ednesday, June 9, In 9.