The Sun. — London, England, 1869-09-14 00:00:00

tirIBITkOF TU PUBLIC JOURNALS. . - - The Times thinks it may occur to tome persons that there is another set of persons interested in Dr. Cumming's proposal, who have as yet received but scanty considera tion. Dr. Cumming proposes to appear before the (Ecumenical Council as the representative of Protest autism. Supposing the Council to be willing to hear him, may not Protestantism have something to say on the subject ? It is not altogether customary for representa tives to elect themselves. If Dr. Cumming were as Infallible as the Pope, we should, of course, be extremely grateful to him for proposing to appear at the Council in defence of our cause. But since he is at least as fallible as the Archbishop of Canterbury, we would suggest to him whether it be not rather too great a responsibility to represent the whole Pro testant world at the bar of a Roman Catholic Council. In a word, it is no disrespect to Dr. Cumming if we say frankly that neither he nor any other individual is com petent to represent the Protestant side in the great con troversy we have inherited from the sixteenth century. To look only at our own times, there must be something besides folly, falsehood, and superstition in the system which attracts or retains the allegiance of such men as Dr. Newman, Dr. Manning,, Lacordaire, Montalembert, and Dr. Dollinger. In fact. the greatness of this system affords not „the least significant measure of the greatness of Protestantism. We greatly fear that the division' between the two commu nions is too deep and essential to admit of reunion under any circumstances that can at present be conceived. But with this view of the gravekantagonism between the two systems, we cannot but desireNthat if Protestantism is to be represented at all before?. the representative Assembly of the Roman Catholic world, it should appear in some completeness, and with the credentials which are equally due to the dignity of its opponent and to its own character. When Dr. Cumming offers, on his own responsibility, to " yet more firmly occupy, before the Council, the position asserted by the Reformers of the sixteenth century," he displays a questionable respect for that Assembly, and, perhaps, an equally doubtful regard for the great bodies he would be supposed to represent. The prolonged and exhausting struggle which has been going on in the North between the masters and men of the Yorkshire colleries gives, says the Standard, an interest to any event which seems to promise some improvement in the character of their relations. For this reason the settlement of the " Denaby Main " lock-out is an occur rence on which a very large and important class may fairly be congratulated. The news is satisfactory, not only for its own sake, not only because the readmission of the men who have been so long idle may restore some sort of comfort to an immense number of humble homes, which have been supported on meagre union subsidies for the last six months, but also because a good example has been set by the Denaby Main Company. The arrangement has been effected at a meeting of repre sentatives from both sides, and the pits have been re- opened to the excluded colliers on terms which ought to have a favourable effect on others now on strike. The masters have given way, but the men have not achieved a victory. The lock-out has proved a gigantic sacrifice of money, and nothing more. Of course we have no means of estimating its coat to the employers, but it is quite cer tain that the work of a pit cannot be stopped, and only resumed in time and by degrees, without a loss to the capi talist. Both sides have suffered heavily, and both must equally feel that the final settlement is one which reasonable men ought to have reached at the very outset It would seem that the lesson is appreciated by the persons concerned in the lock-out, for at the conclusion of the conference just held the representatives of masters and men united in declaring themselves favourable to the establishment of a board of arbitration and conciliation. It is reasonable to hope that the disputes still unsettled may be adjusted in this way. It has been stated that the men on strike are favourable to arbitration, but the masters are obstinately bent on fighting. If this be the case, the example of the Denaby Main Company ought to shame the colliery owners into some concessions, while the moral victory won by the company which has proved itself strong enough to be merciful ought to teach mode ration to the men on strike. The Post reckons the waste of money occasioned by the crisis of 1866 at fifty millions sterling, leaving altogether out of consideration the army of managers, secretaries, clerks, &c. (with their families) whom it threw out of em ployment. Every disaster will one day wear itself out, and it may be that we are approaching the time when we can sum up the mischief of the last crisis, and strike the balance between what has been lost and the very little that has been saved. But this is not so important a result as at first sight it may appear. We have done with IRga s or nearly so, and we are looking forward to the future for relief against the evils that have oppressed us during the last three or four years, and which encumber us still. But have we taken the means requisite to ensure such a result ? We have not. Extraordinary as it may appear, we have done nothing whatever to make it improbable that the experiences of 1866 will not br renewed in 1876. Possibly we have been so much en grossed by the windings-up of the last three years that we have not had time to give a thought to the future. But it is certain that all the conditions of law which permitted that silent preparation for bankruptcy of which the world knew nothing till the hour when the long-accumulating misery burst upon it, are in full vigour still. In order to realise a few years hence a repetition of the ruin which has proved destructive to upwards of ten thousand families, all that is needed is a fresh crop of innocents. Fortunately those who have hoarded money seem to be alive to this fact; but when we consider how many mil lions are at this day inactive, which under happier circum stances would be utilising labour and circulating the life-blood of industry, it is sad to think that they are spell-bound through the fact that the Legislature has done nothing whatever to assure investors that it has learnt anything from the lessons that have so deeply affected them. The Daily News declares that Free Trade has yet one victory more to win, and the forces of Liberalism are gathering to the assault, It is a very significant circum stance that a Protectionist movement is attempted just at a time when a Society for Land Tenure Reform has sprung into vigorous and powerful existence. The two movements are strictly correlative to each other—the one is the assault, the other is the defence; the one is the advance of the assailing army, the other is the flank movement of the enemy to cut it from its base. Of course we shall hear no more of Land Tenure Reform if an agitation can be got up for Customs reaction. The country will soon forget long entails if it can be got to set its affections on long tariffs. A movement to re store a host of old monoplies would be an effectual check mate to the movement to abolish the monopoly which still remains. No wonder, then, that a vigorous effort should be made to revive the old controversy, and push the battle of progress back upon ground it has already won, But the effort is fore-ordained to failure by the very conditions under which it is attempted. When a. Free Trade agitation is gaining ground in America, and the burden of Protection is becoming too heavy for that young and vigorous Commonwealth to bear much longer ; when France is seeing the advantages Free Trade offers, and even the Spanish people have incorporated it among the maxims their revolution has established, it is too late to ask the people who have been first in its adoption and have most profited by it to reconsider their decision and retrace their steps. Nulls vestigia retrorsum," has always been the motto of our laborious English progress. It will be all the more its motto in this matter of Free Trade, because the Con servative party have given us the incalculable advantage of demonstrating that we must either go forward or go backward, must either complete Free Trade or re-enact Monopoly ; must choose between Free Trade in land or Free Trade in nothing. A south-west wind, says the Telegraph, has been raging ever since Saturday night, and it is that wind which always proves the most destructive to ships and sailors in this part of the world. When it blows with savage gusts and driving clouds of rain, rattling the casements and tor turing the trees, all landsmen know what sort of news will fill the papers for days to come. Nor is the first in telligence after such a tempestuous time ever the worst ; the mournful tidings come " single spies" for twelve hours, and then they arrive "in battalions." With a painful misgiving, therefore, that cases of harder loss and suffering await our ears than any yet notified, we observe that these equinoctial winds have had their annual victims already in various spots along the coast. A West Indian trader had been driven upn the Shivering Sand ; two yachts, one the well-known Volante, have been cast away ; three vessels have struck in Padstow-bar ; two at Bideford, with the loss of four lives ; while nothing but the lucky presence of a strong steam tug has saved the crew of the Italian ship Serena, which had drifted upon the Tongue Saud. Truro reports rumours of losses all along the Cornwall coast ; and from Portland Bay a tragical episode of the tempest is announced. The counsel suggested by the leading points of the " Wrecks Blue-book" is plain enough. Collier hands ought not to be shipped without ample warning in craft so old and rotten that nothing but the rust of their bolts holds them together. The age of a vessel and her condi tion should be known and notified before the lives of men are thus imperilled. It is time, too, that a better model of fishing-boat were popularised around our coasts. Furthermore, let not the benevolence of this sea girt country be content till every seven miles of its coast possesses a lifeboat. When all is done that skill and care can accomplish at sea, or forethought, precaution, and benevolence on shore, there will, of course, still be an annual tribute of life and shipping paid to " the stern God of the Sea," but at least let that tribute be kept down to as low a level as possible ; for such a tempest us the pre sent proclaims that men are drowned and ships cast &woo , less by the fault of Nature thau by our QWII. MB. GLAD4TONE AND THE EPISC'OPATE. Five bishoprics, including that of Salisbury, to which Dr. Moberly haikbeen nominated, fell to the gift of the Prime Minister in'-the course of as many weeks. The Bishop of Bath and Wells has actually resigned ; the resignation of the Bishops of Winchester and Exeter will be completed in October. There seems to be little doubt about the translation of Dr. Wilberforce to Winchester, which will make the see of Oxford vacant. One of the results of these numerous vacancies will be that Dr. Wordsworth, lately conse crated Bishop of Lincoln, will take his seat in the House of Lords. The Bishop of Winchester is not within the rule applying to the junior bishop for the time being, and the successor of Dr. Wilberforce in the diocese of Oxford, as well as Dr. Moberly, Bishop of Salisbury, and the successor of Lord Auckland in the diocese of Bath and Wells, whoever he may be, will take their seats in the House of Lords at the commencement of the next session. The new Bishop of Exeter will be without a seat until another vacancy arises other than in Canterbury, York, London, Durham, and Winchester, and it will be for the new Bishop of Oxford or of Bath and Wells. The resignation of two bishops within a week has (the Daily News remarks) drawn attention to the amount of ecclesiastical patronage which circumstances may throw into the hands of the First Minister of the Crown. Mr. Gladstone came into power nine months ago, rud the sees of Bath and Wells, Exeter, Salisbury, and Winchester have been rendered vuid. Mr. Disraeli was in office ten months, and nominated to the sees of Canterbury, Lon don, Hereford, Lincoln, and Peterborough. During the nine years of Lord Palmerston's premiership twenty four episcopal appointments were made, a number reaching to within two of the entire strength of the hierarchy in the House of Lords as settled by the Irish Church Act. The following is the list of Lord Pal merston's nominations :—Canterbury, York (twice), Armagh, Dublin, London, Durham (three times), Carlisle, Cork (twice), Chester, Ely, Gloucester and Bristol (three times), Killaloe, l lCilmore, Norwich, Peterborough, Ripen, Rochester, and Worcester. The oldest prelate now upon the Bench is the Bishop of Chester, who is 83, the Bishop of St. Asaph is 79, St. David's 72, and Llandaff 71 ESCAPE OF TWO PRISONERS FROM 9URHAM GAOL. Late on Sunday night two prisoners effected their escape from Durham Gaol. One of them was named Thomas Sheeley, who was committed to take his trial at the next assizes for the wilful murder of Thomas Reed, at Shield How, a mining village, a few miles from Durham ; and the other prisoner was named Screener, who was committed for trial for felony at Sunderland. The men were placed in a cell at the south wing, which has only been built a short time. The cells in which the prisoners were placed adjoined each other, and, notwith• standing there were two warders on duty on Saturday and Sunday, the two prisoners sppear to have held secret communication with each other. Two hours after the cells had been examined by the warders, who found everything secure, it was discovered that the prisoners had effected their escape. It would appear they had succeeded, by means of tools they had managed to get into their cells, in removing a large stone, and made a communication between the two cells. They then pro ceeded to break the glass of the window, and wrenched the bars so far asunder as to make a passage through for their bodies. They tore up their trousers and made a rope of them, and by means of this they reached the ground. Fortunately for the bold undertaking, there was a large scaffolding pole lying against the outer wall, which is twenty-one feet high, and by means of this pole they scaled the outer wall, and dropped down into a field, and thus got away. While the men were on the wall they were seen by another prisoner, who rang his bell and gave the alarm. Information of the escape was given to the county police, a number of whom were sent to scour the country in all directions. About six o'clock the next morning Police-constable Chriaton succeeded in apprehending Sheeley, at his brother's house, in Crag head, a village about eight miles from the city of Durham. Screener has, up to the present time, made good his escape, but it is supposed that he is somewhere about Sunderland. LAW AND POLICE. A LONG TRIAL.—At the Middlesex Sessions, a builder, named Holden, was charged with stealing eighteen scaffold poles, and was acquitted. The noticeable feature in the case was the length of time the trial has been pending. At the first trial the jury were unable to agree. At the second they returned a verdict of Not Guilty, but other charges were brought forward, and the case adjourned— a very simple one—has consequently extended from the beginning of July to September. A DEXTEROUS ROBBERY.—A man, named Baldwin, was on Monday brought up at Clerken well Police Court charged with an ingenious robbery. He went to the Chartered Gas Company's works in Goswell-road about ton at night, when the premises were in charge of the night watchman. He asked for a person who worked there, giving a correct name. The watchman, who told him to go to the other premises in Pear-tree•street, wax persuaded to go also and chew the way, and in order to do so left Baldwin in the doorway for a few moments while he went for his hat and the key. In that brief interval, no doubt, a confederate entered, and was locked in when the watch man went with Baldwin. The watcuman was induced to delay his return in order to assist in the disposal of a pot of beer ; but on regaining his post the front door was found open, and the safe of the counting-house plundered of £162. The prisoner was remanded. AN UNNATURAL SON.—At Hereford Police-court, a farmer, named Williams, occupying a sixty-acre farm, at a rent of £l2O a year, was summoned for refusing to con tribute to the support of his mother. The defendant said he thought he did enough towards maintaining her by paying the poor rate; The magistrate thought diffe rently, and made an order for payment of 2s. 6d. weekly and costs. A CLEVER CAPTURE.—On Sunday a robbery of plate and jewellery took place at Bath. The cook of a lady, named M`Limont, carried off nearly £2OO worth of pro perty during the absence of her mistress at church. The matter was placed in the hands of Superintendent Morgan, who effected a speedy capture of the thieves. He traced the cook and an accomplice to Bedminster, and found a quantity of the stolen property among their lug gage. The prisoners were brought before the magistrate and remanded. ASSAULT ON A GAMEKEEPER.—At the Warwick Police court, several young men were charged with wounding one of Lord Warwick's gamekeepers. The injured man had given evidence against two men convicted of night poaching, and he was attacked in consequence. The bench committed the prisoners for trial, and fixed the bail at £lOO each. Liverpool has generally been considered to have a bad pre-eminence in the country for drunkenness and for the number of public-houses it has in proportion to the population. According to the latest statistics it has a public•house for every 209 persons. Whether Walsall is a town less given to drunkenness than Liverpool I can't say; but, according to Mr. Kirton, the public-houses, in pro portion to the population, are there very nearly twice as numerous as they are in Liverpool, there being one for every 122 of the population. This proportion is enormous. It means that every 49 of the adult population of Wallsall support a public-house. ANECDOTE or DEAN SWIFT. —One day three raw freshmen, who had just joined Old Trinity, and were personally unacquainted with the dean, were out fora stroll to see the lions. Seeing a venerable-looking old gentleman in the park approaching them, they agreed to quiz him. On meeting him one of them, taking off his hat, accosted Lim with " Good morning, rather Abraham." " Good morn ing, Father Isaac," said another. Then, " Good, morning, Father Jacob," followed up the third. The old gentleman regarded them for a moment, and replied, "I am neither Abraham, Isaac, nor Jacob ; but I am Saul, the son of Kish, who went out to seek his father's asses ; and lo ! I have found them," and passed on. What was the conster nation of the "asses" when the next day they discovered in the dean of their college the old man who had turned the tables upon them. VISIT OF THE PRINCE AND THE PRINCESS OF WALES TO CIIESTEB.—The Mayor of Chester, having received an intimation that his Royal Highness the Prince of Wales would open the new Town Hall on or about the 14th of next month, has convened a meeting of his fellow citizens, to take into consideration the best mode of giving a suitable reception to the Prince. The first resolution submitted to the meeting referred to the appointing of a general committee, which will be subdivided into other committees, who will carry out the programme proposed. This will include the gene ral decoration and illumination of the old city, a torch light procession, the reception at the railway station, and other matters. The Mayor will give a banquet and grand ball, and has headed a subscription list for the enter tainment of the people with a donation of .1-::;0). This fund has reached already nearly £2,000, which was subscribed at the meeting, and probably double that sum will be forthcoming. A huge bonfire and fireworks on the Roodee, and a treat to all the school children and oid people, are among the suggestions made. The speakers at the meeting were the Mayor, Sheriff, the Dean, Canon Blomßeld, Mr. I. Walker (town clerk), and others. Many of the principal citizens, and not a few of tl9 working clams, Attended, the Meetin bOing a WM 0 3 114. SittStl9 9hQ. His SUN, LONDON, TUFSDAY titrEINTIN, SEPTEMBER 14, 1869. MISCELLANEOUS NEWS. THE HON. ALGERNON EGERTON, M.P., AT THE OPENING OF A SUNDAY SCHOOL. Mr. Egerton, the Conservative M.P. for South east Lancashire, has chosen a very singular occasion upon which to declare his political opinions. He was at the opening of a new Church of England Sunday School, near Bolton, on Saturday, and while expatiating on the benefits of religion and the teaching of the Church, was led into a declaration of his opinion on the Irish Church question. Running off from that subject, he spoke of crime in Lanca shire. It was the immigrant Irishman, according to his idea, that increased crime so very considerably in the county, and he laid it on his hearers as a Chris tian obligation that they should provide for the ignorant inhabitant of the " Green Isle." From Irish ignorance to Irish land was but a step and Mr. Egerton's declaration that tenant right ought to be allowed, but landlord right should also be respected was received with proper enthusiasm. An attack upon the French Treaty and a defence of the Esta blished Church, concluded his speech. On the question of a State religion the duty of Conserva tives was clear : they were in favour of the Esta blished Church as the bulwark both of religion and the Constitution of the country. TnE IRISH CIILTRCII RECONSTRUCTION. The Synod of irmagh and Tuam has done very little business as yet beyond settling the rules which are to guide the deliberations. One of these rules is interpreted to possess some signification. A. copy of the Bible and one of the Prayer-book is to be laid on the table during each session of the Synod. This custom is to be understood as" a formal profession that the Synod was prepared to adhere to the exist ing constitution of the Church, which looked to the Bible as a rule of faith and the Book of Common Prayer as containing the rule of worship and disci pline of the Church." What an adherence to the existing constitution means in this case we have yet to see. CHARITY. A cheering story is told by a correspondent of the Telegraph, one which gives hope, amidst even the bitter conflict between Protestants and Romanists, that charity will at last prevail. The communication is dated from " Carrickmacross, co. Monaghan," and is written by a land agent. But a few days ago a respect able Protestant tenant, on the estate from which the correspondent writes, was stricken down by fever; and his whole household succumbed to the same disease, just when every hour was of conse quence to secure the ripened crop on which the year's sustenance depended. The Roman Catholic priest of the parish, at chapel, on Sunday, pointed out to his flock how great a kindness it would be if the crop of the poor sick neighbour were saved from the rough weather that had set in just after the family had been laid " down with the fever." The hint was immediately taken, and that very Sunday afternoon—pray, strict Sabbatarians, be not too exacting—was spent in reaping and gathering in the corn of the weak and suffering heretics. Before night it was safely secured. Here is an example, from which even Mr. Whalley might preach a sermon (say) on universal brotherhood. THE CECIIMENICAL COLTXCIL. Dr. Cumming, premising that the editor of the If Gazette deserves a medal from tho Pope for his obstinate resistance to facts and sublime con tempt of all exercise of private judgment whatever, reiterates in a letter to the Times his former opinions anent the admission of Protestants, under certain conditions, to an (Ecumenical Council. The approaching Council may well follow without being ashamed of the precedents he has cited. " If the Pope has been so good as to tell us of our grievous heresies and peril of eternal death, and entreated us to consider our awful position and review our whole situation, and ' avail ourselves of the oppor tunity of the Council.' the least we owe or can give is our accepting the invitation and giving a reply, justifying as we can the ground on which we stand. 'W here, can all this be accomplished? The Pope plainly proclaims the approaching Council as the time and place in a letter addressed to us. So clear is this, that Dr. Manning, Sir George Bowyer, and I equally understood the Pope so to invite and expect our presence." The doctor repeats that he is ready "to avail himself of the General Council," as required and invited by Pius IX., as soon as the .Pontiff is pleased to inform him that he shall be heard in reply to his earnest entreaty to renounce the Pro testant faith and return to the Boman Church. To this he adds : " I have no desire whatever to see the spectacle, or to be made conspicuous by being ordered to leave in twenty-four hours, or by being ' treated and dealt with' as condemned heretic,' according to the Pope's instructions to a former General Council. Strike, but hear,' is my request. I have gone to work deliberately and carefully, and now wait for an answer to my letter." TIIII ALBERT INSERANCE OFFICE. An important letter, dealing with the affairs of the Albert Assurance Oflice, has been addressed to Lord William Ilay, chairman of the committee of annuitants and policy-holders, by Mr. 'Thomas Webster, Q.C. Three questions, it is pointed out, will have to be considered by the committee-1. Ordi nary liquidation under a winding-up order and distri bution at some distant day of the residue of the assets saved. from the wreck thereby created. 2. Recon struction as the means of preserving the interests present and future, of the annuitants and policy holders. 3. So-called amalgamation—that is, transference as a whole or in sections to another office or other offices, which would be to the older and more questionable lives the worst form of liqui dation. The committee will be able to suggest the kind of liquidation essential to reconstruction, to select from and on behalf of annuitants and policy holders persons to engage in the manage ment of the reconstructed office, and to submit the persons so selected to the annuitants and policyholders for approval. This must be done without delay, or the connections of the office will pass away. When the plan of reconstruction is agreed upon, it is suggested it will be time to ask some such questions as the following :—Who is responsible for the amalgamations ? What resulting liabilities may still attach to those who betrayed their trust and transferred the policies to another company? Whether the amalgamations have been profitable or not ? What was the gain or loss due to each ? Though the interests of policy-holders an d shareholders are distinct and in some measure antagonistic, they may, Mr. Webster thinks, be readjusted on an equitable basis, each giving strength to the other, MEXICAN BONDS. " A Mexican Bondholder of 1851," while admitting that the large receipts for customs revenue at Vera Cruz are very encouraging, explains that the value of the fact is materially decreased because the holders of Mexican Bonds do not get their consignments, the present ➢lexican Government insisting that they have spontaneously abrogated their claims under the decree of the year 1850, by the recognition of Maximilian. It is proposed that two petitions should be presented to the Mexican Con gress, one from the bondholders of 1851, and another from those of 1804, stating the case of each class of proprietors, supported by the opinions of emi nent jurists. The claims of the former class might receive more consideration than those of the latter, and under present circumstances there is sufficient reason for such independent action. The prices of the bonds of 1851 and 1804 shew that the claims of the former are generally deemed stronger than those of the latter. THE 46 LOWE" SOVEREIGN. "Pan," a writer on the gold question in the Times, complains that those who have argued in favour of the deduction from the standard value of the sove reign have abstained from christening their prodigy, which they Should have done before this. He proposes that, as the intrinsic value of the coin is proposed to be lowered by one grain of gold, the new coin should be called a " Lowe." The word, of course, would be used by the opponents of the reduction-scheme to express the inferiority of the coin when compared with the sovereign ; but it might also be employed with great propriety Ly the opposite party as a graceful tribute to their illustrious convert. AN ARCHDEACON'S REMEDY FOR SWIMMERS' CRAMP, Archdeacon Stopford, notwithstanding the anxieties which weigh upon his mind in relation to the Irish Church, of which he is a distinguished ornament, has yet time to bestow on such questions as cramp. Having had his attention drawn to the case of the swimmer, who, while bathing near Plymouth, was suddenly seized with cramp and drowned before assistance could arrive, he writes to the Evening Mail of Dublin, giving a universal remedy for the afflic tion. He admits that he obtained it indirectly from a pedlar, but does not think that destroys its value; and the Archdeacon himself had it from a countess. Said countess was a sufferer from cramp; and one day hearing a pedlar selling garters for the affliction, she bought a pair, used them, and never was troubled with the complaint afterwards. Archdeacon Stopford asked her to she :v them to him, and she having done so ; he made a note of them, has applied them since to several persons, and never has found them to fail. " You make it thus (says the arch deacon) : Take a cork and cut it across, so as to make thin circles of cork ; stick those, touching each other, between two pieces of Silk ribbon, and sew up tho edges. Fasten that in close contact in.the necessary place, which is generally upen the thigh, above the knee." Perhaps the old pedlar's instrument is bared on true science ; will those who understand the matter explain it ? WHY HARVARD LOST VIE RACE. The New Tribune, through its London correspondent ; undertnles to explain the reason why _Oxford Passed the flat boat at Mortlake ahead - of the "Harvard crew. The Americans, says the correspondent, were utterly inferior to the Englishmen in style, form, knowledge of rowing, diet, method of training, and method of instruction. Had the race been won by them the credit would have belonged to Loring, the captain and despot of the crew. Being lost, ho must equally bear the blame. A. man of extreme self-reliance which partially neutralises hie high qualities of intelligence, generous devotion, and real capacity, with experience limited to know ledge of American rowing only, he persisted in adhering to American methods. He would coach the crew himself from the inside of the boat, a thing radically impossible to do. He would not change the diet of the crew, although the climate required a change, and the diet manifestly impaired his own and Simmons's dowers. But even diar rham and other symptommould not effect a change in the captain's stubborn opinion. To have taken Blaikie or any other good coach on a steamer during the last three weeks would have added .20 per cent. to Harvard's chance. Physically the Harvard were the finest men, and had it in them to beat Oxford, but their stroke was fatally quick and fatally irregular. During the race it varied from 411 to 38—varied often twice in CO seconds. With a coxwain, no living crew could have pulled the stroke with which Loring led off through four miles. In fact the crew was rowed to a stand still. In less than two miles their power was gone. After that it was only heroic courage and resolution that carried them through ; and is system that exhausts the crew at the end of two miles in a four mile race cannot be sound. The opinion thus expressed by the Tribune correspondent will not be universally accepted. Indeed, by a writer in the Standard, it is made a matter of complaint that every description of the race has attributed the result to training and science, and nothing to superiority of strength and sta.mina z ivhereas the truth is that none but constitutions of first-rate vigour are susceptible of high training, and that muscular power is attested by nothing more unmistakeably than by ability to do the beginning of •the stroke well. " The former of these points must be self-evident, and if any one doubt the well-groundedness of the latter, let him sit down in a low chair, and then, stretching himself as far forward as possible,with arms extended before him, request a friend also seated low to try to pull him off the chair ; and then repeat the same experi ment with the body nearer to the perpendicular. He will soon find out which of the two positions requires the greatest exertion for au effectual resistance to be made." TUE " TRUE STO.RY." The Byron controversy still rages fiercely and incessantly. The most noticeable of the recent defences of the poet is that by Mr. William llowitt. A day or two back, Mr. Howitt wrote, telling his personal experience of Lady Byron, and shelving most clearly that she was subject to fits of insanity. lie now takes more decidedly the side of the poet, and goes more strongly against his wife ; albeit she was well known to him ; Lord Byron was not. Mr. llowitt says that Lady Byron, having had the poet's defence destroyed, had no right afterwards to bring charges against him. Moreover, she said all kinds of things against her own daughter : The writers, English and .A.merican, who claim for Mrs. Stowe the peculiar and almost exclusive confidence of Lady Byron on this subject, are dealing in veers fudge. It is well known to a certain number of parsons that Lady BYtop. with all her affected strength of character, had the we: icness to wake such confidantes of most of her lady friena3,or long standing. Most of these ladies are now dead, and r‘rudently " died arid made no sign." But there is one at liast still living who possesses a series of letters from txay Byron, containing, not horrors of the Beecher Stowe type, but heavy charges not only against her husband, but against her own daughter. F.LECTION COMMISSIONERS' POWERS. A barrister, in a letter to the Morning Herald, draws attention to the manner in which the Com missioners at Beverley are doing their work. The Act of Parliament under which they are appointed enacts that after the issue of a commission in accordance with a judge's report, the commissioners shall inquire into the manner in which the election in relation to which such judge may have reported to the House of Commons has been conducted, and when upon inquiry they do not find that corrupt practices have been committed at such election, they shall not inquire concerning any previous election. " A Barrister" contends that at Beverley up to this moment the commissioners have failed to discover a single act of bribery at the last election. Yet they are extorting evidence of almost every election that has taken place at Beverly, since 184 J. As under the present state of election law witnesses are not allowed to have counsel, there is, practically, no limit to the nature of the questions which the commissioners may put to them. POLICE PROTECTION. The season of "police panic" has set in unusually early this year. Regularly es the dark, gloomy, and dreary days of November come upon us, so regularly does the public mind become seriously agitated and stricken with fear of the criminal classes. But an attempted murder by a burglar, in a district with few watchmen, together with a street outrage or two, has raised the November discussion in the papers before its time. The "leading journal " has been especially zealous in calling for the new Chief-Commissioner of Police to chew his energy. The latest of its stories relates to the Soutl.l. London district of Peckham, and runs thus is a certain beershop in St. George's-road—anotible hauntof the vicious, and the criminal. The place is feared by all who live around it but does not give Trim:l trouble to the police, as they avoid it. A day or two back cries for help were heard proceeding from the house, and great was the alarm. Every one was paralysed in the neighbour hood except the landlord of a public-house near, and he sprung a rattle. No policeman came in answer. He got out a revolver and fired it ; with no result. By and bye some man with greater courage than the rest thought of going . near the house but he did nothing beyond listening, until a returned convict, the cause of all the disturbance, awoke him from his trembling astonishment by asking him " what he wor alistening to," and by knocking him down and walking off. The sequel to thastory is, that no police man would come to the place ; uo inquiry has been made by them. The inhabitants are about to hold a meeting to protest against the insecurity which exists. TWO STRIKES ENDED. Two strikes came virtually to an end on Saturday. The discontinuance of the South Yorkshire miners' strike is recorded elsewhere. While the efforts of the peacemakers at Denaby Mine were being crowned with success, in a lesser measure those who were trying to end the nailera' strike in the Midlands were finding their endeavours fruitful. The masters seem to have given in to the men, though not un conditionally. THE CHARACTER OP LOPEZ. An unequivocal expression of opinion of the cha racter of President Lopez was given some time since by Mr. Washburn, ex-Minister of the United States in Paraguay. Some newspaper correspondents, having hazarded the belief that the statements so made had been retracted, Mr. Washburn denies the fact in the columns of the Star. Lopez hcsays, has tor tured and shot his Foreign Minister, Jose Berges, and his own brother, Benigno Lopez. He has shot his Chief Justice, Andres Urda pilleta ; also the Bishop of Paraguay and nearly thirty priests. He has shot his brother-in-law, General Barrios ; and his other brother-in-law, Saturnine Bedoya, expired under torture. He flogged his sister, the wife of General Barrios, till she was nearly dead, and he forced his mother to make a public declaration that she had no child but the brutal monster who had murdered one or more, and tortured with inhuman cruelty her other children. The few English and other foreigners yet alive in Paraguay are permitted to live . by Lopez only because they are useful to him. RATVLINS AND FESSENDEN. tion was confirmed by a telegram stating that he died during the night, and it was added that Sena- tor FESSENDEN had rallied. JonN A. RAWLINS was born in Jo-Davies County, Illinois, on the 13th February, 1831, and was there- 'ore 38 years and seven months old. His boyhood was spent in farming and charcoal burning, and the educational advantages of his early years were limited to attending the schools of a widely-scattered community. Of such opportunities as the district afforded he could do little more than avail himself during the winter, but he neglected no means of cul tivating his mind, and eagerly seized on the chance of an eight months' spell of schooling at the Rock River Seminary of his State. He studied law in Galena, GRANT'S own town, and when 23 years of age his preceptor took him into partnership, and he continued to practise there till the outbreak of the war. On the occurrence of those great and stir ring events which made or marred the fortunes of so many, he threw himself with all the energy of his character into the contest, in which he reaped, with but few exceptions, a larger harvest of honour and promotion than any other officer. In 1861 he assisted in raising the Lead-Mine Regt. of Illinois Infantry, and was shortly after appointed to the staff of Brig.-General GRANT then only attracting notice, with rank of Captain. Like other renowned Generals, GRANT has always shown an extraordi nary felicity in his selection of men, as well as in his power of winning their respect and affections. Those he took upon his staff almost invariably prov ed very able officers, and unless killed or wounded they remained with him till the final surrender of the enemy. The most distinguished of that dis tinguished group was General JOIIN A. RAWLINS, who attained to the very responsible position of Chief of the Staff, with the rank of Brevet Major- General in the United States Army. The PRESIDENT is not a man who wastes words either in laudation or in any other way, and not only does he mean what he says, but to the full extent of its meaning. When then he spoke of RAWLINS as having fully earned all his promotions as a soldier, and as the person who came the nearest to being indispensable to him of any officer of the service, he intended it as the highest encomium. After the war he con tinued to serve as the Chief of the Staff till the election seated GRANT in the Presidential Chair. On General SCHOFIELD declining to resign his com mission in the army to retain the Secretaryship of War, which he then held, RAWLINS was nominated, and he was gazetted out of the Service on the Senate sanctioning the appointment. It was he who took the place which ex-President JOHNSON ought to have occupied beside the newly-elected PRE SIDENT in the procession to the Capitol, a gratifying exchange to GRANT from him he hated, to him he loved. This loss to a man who is so attached to his friends as GRANT will be by him severely felt., and the memory of RAWLINS will be mourned ty his countrymen generally. With his name is connected some of the finest passages in American history, and it is probable that the great strain, the wear and tear of mind as well as body during these all-important campaigns hastened into a premature grave one of the most gallant and accomplished soldiers the United States has pro duced. The Republic may contemplate with satis faction the fact that it was not ungrateful to the warrior of fifty fields, for in eight years he rose from an unknown citizen of Galena to preside over the Department of War at Washington, and to sit in the Council of the nation ; a rush of promotion such as history has seldom recorded.. Pending the appointment of his successor, General SHER , MAN is to act as Secretary of War. All the De partmental Offices in Washington remained closed from Tuesday till yesterday, as a mark of respect to the late Secretary of War. The telegram of the 6th inst., stating Senator FESSENDEN to be much better, was followed by another on the Bth announcing his death. He died at Portland, at six o'clock that morning, to the bitter disappointment of those whose fears had been allayed by the previous message. WILLIAM PITT FESSENDEN was one of the most able statesmen — one of the most brilliant orators—and one of the most upright men in the Senate of the United States. Added to a remarkably judicial tone of mind and of keen perception, his faculties had been cultivated by a close study of law, and his opinion carried a great weight in the Chamber, indeed fre quently led it. Ile was a man not only above cor ruption, but above party, and it might safely be said thatit was owing to his well-considered decision in the great Impeachment trial, that A NDREIVJOIINSON was acquitted. His course on that celebrated occasion not only displayed his character, but the estimation in which he was held by the public. Although chief among the seven Republicans who then stemmed the whole force of the party current, withstanding a pressure perhaps as great as ever experienced, few ventured to question his motives. Nearly all the others were openly accused of bribery, the sums even being named which had induced them - to take "to the long and dark track of infamy," but no one attempted with any such imputations to tarnish the name of WILLIAM PITT FESSENDEN. Indeed from the beginning it was known that by no legal quibbles or subtle speeches could his clear judgment and knowledge of law be warped, nor could the overwhelming influence of his party be expected to bend him in the slightest degree from his fixed determination to do what he considered it to be his clear duty as a judge. In vain the repre sentatives wheedled and stormed ; in vain the press thundered and denounced ; in vain his constituents of Maine assembled in great mass meetings, headed by his own brother, to dictate his course. " I take no notice," he said in the words of Lord Eldon, " of what is passing out of doors, because I am supposed constitutionally not to be acquainted with it. It is the duty of those on whom a judicial task is imposed to meet reproach and not court popularity! The people have not heard the evidence as we have heard it ; the responsibility is not upon them, but upon us. They have not taken a►n oath to do impartial justice according to the constitution and the laws. I have taken that oath ; I cannot render judgment upon their conviction, nor can they transfer to themselves my punishment if I violate my oath. The consequences which may follow, either from conviction or acquittal, are not for me, with my convictions, to consider. The future is in the hands of Hl3t who made and governs the universe ; and the fear HE would not govern it wisely and well would not excuse me from the vio lation of His law." But the " war-horse" party never forgave FESSENDEN for their defeat, and as his Senatorial term would have expired in 1871, we learn by the latest election news from Maine that an opposition to his re-election was being organized. One of the charges brought against the Senator was that the Hon. BENJAMIN WADE, who would have succeeded to the Presidency in the event of ANDREW JOHNSON being found guilty, had been his success ful rival for the Presidency of the Senate, when Vice- President JOHNSON passed into the White House, from which the murdered ABRAHAM LINCOLN had been carried to his grave. Such a charge was with out weight against such a man, and the course of Mr. FESSENDEN had a great effect in influencing the opinion of the country, for his judgment, knowledge, and honesty were confidently relied on. A man so fixed in principle, holding so tenaciously to his conscientious conclusions, guided by a com prehensive mind, and moving towards his object with great ability, could scarcely fail to leave his mark on the country ; while to these qualities were added a keen sense of equity and honesty. Hewas never carried into extremes, but calm and judicial in his decisions, meeting a question on its merits, little influenced by personal prejudices. Ile was a consistent Re publican, and so acted throughout the war. His loss will be greatly felt in Maine, and more still in the great Legislative C lumber of which he was so conspicuous an ornament, and where, we regret to say, men such as he can ill be spared. (From the Anglo-American Times.) The Cable announces the death of two eminent Americans, General JOHN A. RAWLINS, Secretary of War, and Senator WILLIAM PITT FESSENDEN, of Maine. Secretary RAWLINS returned to Wash ington on the 25th August, having that day left New York, suffering from an attack of hemorrhage of the lungs, which bad so far prostrated him thA he was unable to attend to business. Next day, DODGE. dwicil ao tsi whose g. valuedlleccisi sieiselcldcrnreaieeftlnstlangsa. however, he had improved to the extent of being able to visit the War Department, and he gradually got better till the departure of the mail. For many months his health had been such as to cause the con stantly-recurring reports that he was about to retire from office ; but recently it was believed he had re covered so far as to enable him to perform his arduous duties with satisfaction, not only to himself, but to the PRESIDENT and the country. Not long ago the report was authoritatively circulated that his h w ea ha lt t h eve \ r va o s f b r e e t s t i e g r ain t g han it had been since the close of the war, therefore he had no intention t o General eEsssiap gETia,his post, and this was announced in contradiction of a s ory that the PRESIDENT had offered the War Secretaryship Secretary Secretary O h dalw e vi al h n a sade , st the woshde sent dying—the ttns. this hgeo n—innardis tinguished the he . cre, soldier was so far sudden, and its fatal ttfiehrresmtpimnßation unexpected, although his constitution had long been enfeebled, causing much anxiety to 3d de e r Se news erieo r c whent a e m d et bothot b a e that s eriously words of the telegram being " he can scarcely live over the night." Next day the truth of the predic .[ADVERTISEMENT. I—Holloway's Oi n tment and Pills.— Reliable Remedies.-10 wounds, bruises, sprains, glandu lar swellings, enlarged veins, neuralgic pains, and rheu matic:ism. The application of this soothing ointment to the affected parts not only gives the greatest ease, but likewise cures the complaint. The pills much assist . banishing the tendency to rheumatism and similar painful disorders, whilst the ointment cures the local ailment. The pills remove the constitutional disturbance, and regu late every impaired function of every organ throughout the human body. The cure is neither temporary nor super ficial, but permanent and complete, and the disease rarely return, so perfect bas been the purification performed by these searching yet harmless preparations. _ . . swept dthose of Turkey, Aust r i a , Italy,own, and AMERICAN INDEBTEDNLSS TO EUROPE. and Spain become next to worthless. But what is the connection between these, and the securities of the United States ? While we acknowledge the sympathy which affects the values of things wholly dissimilar, we desire to observe that the after, if not the immediate, effect of an European war would be to give an enhanced value to Five-Twenty and other American bonds, for in the general disturb ance that would ensue, gold would seek security ill the safest port, and the greater the knowledge the more readily is the answer given, that that port in such an event is the United States. (From the Anglo-American Times.) The foreign indebtedness of the United States is beginning to draw attention to some disagreeabl e effects likely to be produced in the event of any complication arising between the Republic and a Eu ropean Power. United States Bonds having proved an excellent medium of exchange have been so freely used that their flow towards Europehas never ceased, more especially since the close of the conflict. An English writer considers the civil war to have been the greatest possible misfortune to England, not merely because it deranged trade, throwing all locomotives off the tracks, and forcing the construc tion of new lines to districts of doubtful produc tiveness, but it unsettled steady habits of industry, led to the speculation which is the curse of the day, thereby engendering an unsound system of business. If so with England, this was still more the case with the United States, where gambling is rampant, where industries were more shattered, where pro perty was widely destroyed, and a huge debt accu mulated. Injurious as all this undoubtedly is yet in substituting an irredeemable paper currency for the metal basis, a wider range of rise and fall—hence of speculation•—supervened, and what the Liverpool employer mourned as true of England might with still greater truth be affirmed of the United States. To whatever side we turn we see the consequences of that great war. In one place it created artificial prosperity ; in another a deep temporary prostra tion. If it made some millions wealthy, it made many more millions poor, it changed the course of trade, it altered the condition of goods in quality and supply, changing enormous manufactures, and affecting a variety of staples ; it was felt alike in Egypt, India, China, and Brazil, and the fact was proved that_ifcotton was not altogether Kiag, it was at least a Minister of wide-spread influence. The gold of the United States which greenbacks replaced, glutted the markets of Europe, and finally led to the frightful commercial crisis of 1866. The silver it replaced in France, and the dollars ga thered from America poured into India, produc- POLITICAL PARTIES IN AMERICA. There is a split in the Democratic party of New York, as well as in the Republican party. AUGUST BELMONT, Esq., the banker, and agent of the Runts - CHILDS, hitherto chairman of theConvention,is asked to resign. The World is the only Democratic paper which upholds Mr. BELMONT, whose removal ie strongly urged in the Ward Club meetings, nigh t after night. A weekly states that he was appointe d in gratitude for having advanced $20,000 to for ward the Presidential canvas of STEPHEN DouGLASI but as he had taken a mortgage on a farm belong ing to that gentleman, receiving back iu due course both principal and interest, no gratitude was owing' Another paper asserts that he is disliked for being the agent of the Romscumps, and, therefore, in t he interest of the foreign capitalists and bondhold ers ; that for them he induced the World's change ' 9f front, so injurious to the party during the late presia dential contest. Mr. WILLIAM M. TWEED iS SUggeS ted in his stead, and this is:but one indication of the bre w ` , up of parties in the United States. Mr. AUGUST .13 1 ' . MONT earnestly opposes repudiation ; the great nil of his followers earnestly favour repudiation, whi ch those who attentively observe the current of AOje rican feeling regret to see again arising into imp portance as a question. People supposed it had been fairly met and defeated in GRANT'S election, but 1t is not so easy to crush out the spirit of dishonesty; • roe. The action of the National Labour Congress ls P of this, for their platform embodied every repecu e ' tion doctrine, and many signs show that the e° l/ ,' troversy will, to a certain extent, be again re-ope n ed ANDREW JOHNSON, now one of its most pronou nc e d advocates, is almost certain to be sent to the Unit p States Senate from Tennessee, and he is a s te r ior orator of that class which knows best how to p ia such cards as repudiation. While seeming l y advocate of the poor, while taking high i n 1 f• ground as a patriot, while appealing to the °c o interest of the masses, he will have all the 111 be zest in work of this in the knowledge th at 1 11 is hitting a hard blow at those whom he cor dh- c ii. hates. That ANDREW JOHNSON advocates reP ll ation is an ascertained fact, for he has openlyc 00, o nounced it, but we suspect he will also adv e or , Free Trade, or anything else by which he ca n , barrass his enemies and increase the number 0 . 1. ,„g - followers. Some leaders are required in the St led capable of rallying parties around two well-deft p 9, platforms, for the present position is ano oolo even ridiculous, and leading to absurd contrete Let two Republicans deliver their sentiment s ° oa t subjects from a balcony to a crowd, and the no l ac e they travel beyond dead issues they diverge ; r e Y them by two Democrats, and bar abuse of t heir i; ponents, when they will have nothing at all te the one party as it now exists is little bett er . t t sage or f, a farce, though it makes a fine chapter in h l t e W es t ' ago and the other is no better than a farce. The Ch ` Tribune, the leading Radical paper of the e he the Free-Trade journal ; the New York, Trill i T leading Radical paper of the East, is the Pr°wecoll journal. The Chairman of the Democratic vention of New York strongly supports th e o P a t tie ment of the National Bonds in gold, so d °e no il- Democratic candidate for Governor in Pen .0 the vania, while the Democratic nominee in Ohl° ah 1 op b leader of the repudiation party. The pr o to 10 0 of ANDREW JOHNSON'S advent into the S ena re' so alarmed the Radicals, that they preP° se fl ea'„„ 'noting General BUTLER into the Upper House (0 so tralize the other, and although the two will Perheeroct vehemently take opposite sides that they w ill A cta scenes not calculated to reflect dignityon the ch ar botil of the Chamber, yet, on many main issu es t 'ce• are in thorough accord; in repudiation for split 1 On the Prohibition question there is no s' ll3 , l , ie , in New England ; indeed, one so censid era . , ' to give JOHN QUINCY ADAMS, the D etn ecrat i o e f t he didate, a chance of being elected Govereer_ word! most Republican State of the Union ; !toes' there is not a single question of real living 1 , o rt° upon which either party has dared to spea k et' rea aa take such a firm, honest stand as would rani oo lt to them those men who know their minds, all d 1 A O f principles, not place. STOKES, the de-e a tea erv ief ki date for Governor of Tennessee, when i ll ' ?P o at Washington, said 4, that the Republi c3 uife cl o of his State had gone to h-11," but it red the Se less than a Cabinet Minister to tell whi ch :4 oo: publican party was, both claiming that dee'boel while ANDREW JOHNSON, the obstinate D° 00 10 0 and PARSON BROWLOW, the furious Rad ieeie ii' into the same candidate. In New York the sPip 'that Republican camp is infinitely worse than . . e their opponents ; but these organizations a itio de ej combinations to secure shares in the pub lic Ylaie i ,; chs e In the National Labour Congress, V"." C both , t or connection with any party, denouncing P 3 ' lo , formation of a new working-man's #he 3e of " was advocated, and the proceedings simpil ph gates lead us to believe its platform to 11 so cla i socialist organisation against property ~,0 of old ceedings would have no stre ng th in the f a ' i i.,cle" t io nest party formation to fo rw ard clear, lige e t I is e p v objects, and as genuine a n opposition• bet` e ft absence of this, and during the interregnu'i t he the death of the old and the successionte ° rer „ o ra r ,d ote parties, some queer interlopers inaY oa occupy the field. Action is necessarifpg pO tio eo soon be taken, whether leaders of od e° co rate e tl6 like it or not. A mere scramble for offi ee t 0 buttba bo, no respect, and secures no supportto a tte it der to scramblers ; and the people would Pr o ite - bi men who earnestly pursue a policy not c i the dig OCY fancy than to witness with complae e , 0 O tra ° over the loaves and fishes of those vim"' is for pelf only.—Anglo-American Tinta• ing there the terrible Bombay smash of 1865, when the community, by common consent, declared itself bankrupt, and a general whitewashing took place. Go where we will over the world its effects can be traced, however unaware of the muse the people may be who benefited or suffered. Even though more than four years have elapsed, it is still diffi cult to see the end of the disturbance, and the time when things will settle down into a sound, healthy trade. During these years a process has been going on which may eventuate in another great financial smash ; and although Europe may say this time it will be in America, facts have pretty clearly shown that a crisis there is only in a degree less disastrous than at home. When the war ended, and all the great staples of the South, which formerly equa lized trade, had been for the moment annihilated, the balance set strongly against America, whose citizens found the Bonds of indebtedness the Go vernment had created in millions, useful as a means to satisfy foreign creditors, taking the place of gold. By degrees these bonds have accumulated in foreign hands till, it is believed, thatqhey have reached the enormous amount of £200,000,000. If the Debt had, as is a Russian, an Austrian, an Italian, or a Turkish loan, been raised in foreign markets, with a guaran teed interest payable iu the countries where the money was subscribed, the effect would be different, for the Bonds could not then have become a main article of barter for equalising the exchange, upon which all foreign traffic was more or less based. Supposing that London in a fright shipped back to St. Peters burg the certificates of indebtedness of the Russian Government no effect would there be produced, because nobody would be bound to take them up, and if Russian merchants regarded them as worth less they would sell only as waste paper, still no derangement of trade would ensue. The case, how ever, with the United States differs widely, for as it is on these bonds in no small degree that trade is grounded, whatever tends materially to affect their value affects the whole commercial interests of the country. If any cause led to a Five-Twenty panic in Europe generally, the immediate and heavy fall coulduot then be counteracted. Instantlythe holders who desired to sell would telegraph to Wall-street. In a short time, if heavy sales were effected, the panic would reach New York, and the fall would be greater than in Europe, whatever there the decline might be. 'The reason is obvious, and is wholly in dependent of American confidence in the security of the national bonds. Failing these Five-Twenties as a remittance, gold would be demanded to equalize the excess of imports over exports. But not only would Five-Twenties become unavailable for the purpose, but the former remittances of these secu rities would come flying back with a demand for gold in lieu. _ Europeans would in this claim from America an article in quantities which had no exis tence in America, and be satisfied with no other. The bonds therefore could not be supported in the face of a European panic and in the absence of the required gold, and they would fall just as low as that panic could carry them on this side of the water. Bat so far as the senseless action went of the English, French, and Germans, they might be left to reap the benefit of their ignorance, and Americans to laugh at the losses it entailed on them. There is, however, another side to this question—The ina bility of the United States to meet the pressure would not be unlike that on a bank which failed to meet its notes. Everyvalue would be disturbed, and such a commercial crisis as bad not been known for decades would probably ensue. Hence, the danger to which the United States is exposed by the magnitude of its debt held in foreign coun tries, and a further consequence of the war may yet be a great financial panic in the metropolis of the conquering States, years after it had been brought to a successful conclusion. It is of the first importance alike to the Union and to the European 'holder of these securities to understand the subject, for it is ignorance alone, which could cause so grave a disaster. But that ignorance does exist, and will very generally continue to exist, and may at any time produce the catastrophe, while an ex tended knowledge of the almost unlimited resources of the United States could scarcely fail to avert the danger. Suppose that there were certain capitalists, and many men even of small means in England and throughout Europe aware of the real value of the bonds, this heavy decline would be to them the opportunity to invest, and America would thus be aided in checking the rush to sell. It is then of much importance not only to the holders, but to the public generally on both sides the Atlantic, that the fullest and most correct information should be disseminated about the Republic and its resources, as such a knowledge may hereafter prevent the sacrifice of scores of millions sterling through a senseless panic. Here is a ease in point ; CHARLES SUMNER addressed a speech affecting Great Bri tain to the Senate, who appeared to acquiesce in his statements. England considered the demands embodied therein as not only unreasonable, but showing an intention to bully, which the country required should be met by an uncompromising atti tude. English holders knowing what England intended, but knowing nothing of what America meant, threw on the London market in a few days upwards of £7,000,000 sterling of Five-Twenties, selling at any price ; and had Frankfort not com prehended the position in America, and been will ing to avail itself of the panic in England, seven or eight millions of those bonds would have been rushed upon Wall-street and coin demanded in exchange. Had this happened, as it must have happened but for Germany, the explosion of a bomb would have produced less excitement in the gold-room, for even that amount might have been sufficient to derange the whole commerce of the country. As it was, the blow staggered New York, and some great houses failed. Last Tuesday a rumour of the Emperor NAPOLEON'S serious illness upset nearly all values, and created a panic on most of the Bourses of Europe. Why the United States Securities should have fallen it is hard for common sense to tell ; for, at such a time, the securities of the Republic ought to rise, but fall they did, and heavily ; and if NA POLEON died there might be a frantic panic in all Government securities. We desire to ask him who knows anything of the position, how the intrinsic value of a United States Bond is affected by any war or rumour of war in Europe ? We grant that the whole line of European securities might be ---........................'—V% 0 1 9 bt O ie A t. i4 [ADYERTISEmENTJ—Henceforth no one Will d t r a jantr o vie ffo o t properties of Du Barry's health -restoring 114 ,,„ 1/ ds 1 110 1 poef Invalids' and Infants' Food, since to the thotley'tjon t fiel t fo it has already received from Invalids whose ff o line sl lf l'ii ° If deemed hopeless, we may now add that of hie ~,,,r a f!,toaflfoo , whose health has been perfectly restored by it s nl i"' t be 0 /0 6 ,0 unsuccessful medical treatment. We queue ilea]rcbtl3 0%1014 Midi," July 25th :—" Rome, July 21,186 6 . The a il ° oef - afep Father is excellent, especially since, abandonte&iveffl,l,o dies, he has confined himself entirely to D.V is ii et e peo lt o 'ol Arabica Food, of which he consumes a P_lL'7 o l,lo. d fl,lP/1 6 10/ It has produced a surprisingly beneficial ene o l " t o hj,,r P,' pl ia o , his Holiness cannot praise this excelent fooururvcowlialry extract a few out ofmore than 68,0001cureS I -- ; oariiolPoof 40 the Marchioness de Brehan, of seven YealootOdle e'Aji wasting away, debility, nervousness, with a r!, and li Per" all over, bad digestion, constant sleeplessnesr,'. I,of . i :ls l ,,,ei'„Of tolerable nervous agitation. Cure No. 1, 7 "",; yea° c1) 1 ;0 0 ,;(f , Decies, Lord-Lieutenant of Waterford, of tnanf,, fr ora d , A ) - ; 4 1, , No. 49,832: "Fifty years' indescribable ag°140 0 46, 1 A lq, nervousness, asthma, cough, constipt,ttio!!l„, Ne• e ase d , t o: sickness, and vomiting.—Maria Joly. t,'' ro e 4 : l , ° ,,fee're,,ir James Roberts, of Frimley, Surrey, of 3 0 ',ldol Sid 00e spitting of blood, liver derangement, and P; o urY %roe e i i portant Caution—Beware of the many un,,,, sti ,;rlY ' A 11 0 ,P sloppy imitations to which, without an.-- --1 ' 1. cO'l name is most audaciously attached. A 5110 l ra ; CIO v s i In tins, at is lid; Ilb 2s 9d; 211 as 40 6, -. ; ost- , I , ' 0 0 ,0 ,1 2 t lbs 40s.—Also DU BARRy's REVALENTA ..,, s a ti o c al:, r e POWDER is packed in tin canisters : for 12 e4•Ffar t ifO r st i e pf at 3s 6d, for 48 cups at 6s, for 288 curie et 3 ", i i i d s"oce" t o I —being about one penny per cup. The 30 0 „ „0 r 0,,,,,,a free of carriage in England on receipt oa tre et, J• 1" BARRY Do BARRY and Co., No. 77, Ree l ' all Grocers and Chemists ptif BOND—On the 12th inst., r , the ri is,c., Iv' if Selina Bond, of a son. • til° *toilt MowmtAY—On the 13th inst., at Surbi et IR at T 1 11; C. Mowbray, Esq of a son. ~ rill MARRIAGES . 6t. 3V til le' a t . Pe i 0 GARDNER—PoNcy —On the 11th inst., 1;10 , o Thomas Exton Gardner, of Loudon, t 9 po oc) , ,iel B ois ... o e'v youngest daughter of the late Frit IVI4i O Portland-street. at f,l ' rt 1 *nSi. , to f HODGES —FERGUSON—On the :Ail 1 , -- c• • 0, kn e '' OD , Oxon, George Alfred Hodges of trac,„ rg aS Sli awilton-P 00 a second daughter of William ifieury - 1, " Of Folley, Woodcote. ll e'r° DEATBS. 11 ite to o l 4 BARLoW— Captain Barlow l2th , late inst., 38th Regt., a o o . '" .0i81) 0/06 30 ii Oa the at Budleig GISBORNE —On the 12th inst. , at Hyde, abi • i p, If of Yoshall Lodge, Staffordshire, ago ma be MEADE —Oll the 11th inst., at TorquaY, of Sir John Mead°, K.ll , aged 83. Lo o n f d N o o n: l Printed and Published by VirILLIA % 1 in the Precinctl 1,1 0 9 14 ! 0 2 1 At A.• Tuesday, sSetprtaenmodfb,ePuirriQln4st,eairvs,o6a9yt,TinnathSotagcotteety 010441o:000