The Sun. — London, England, 1866-01-06 00:00:00

AXE RIC A. [REUTER'S TELEGRAMS.] ARRIVAL OF THE JAVA. QUEENSTOWN, Friday, The royal mail steamship Java, from New York, on the 27th ult., arrived here to-day with 51 pas sengers, but no specie. She landed all the mails and two passengers, and proceeded for Liverpool at 7 p.m. All well. NEW YORK, Dec. 27 (Morning.) . . The Provisional Governors of North Carolina and Mississippi have been removed, and the Governors elect directed to assume office. The Governor of South Carolina, upon assuming office, telegraphed to President Johnson the assur ance of his unalterable purpose to aid in upholding the Federal laws. The country population in portions of Virginia and Mississippi are flocking to the large towns, fearing a negro outbreak at Christmas. No negro riots are as yet reported, except at Manchester, Virginia, where a coloured mob released two coloured prisoners from gaol. At Alexandria, Virginia, a fight has occurred between the blacks and whites, in:which four whites and six negroes are reported to have been killed. Secretary Seward, in reply to a request of New York merchants for the friendly intervention of the United States in the Hispano-Chilian dispute, re plied that the friendly offices of the United States had already been and were still offered, and it was hoped good would result therefrom. The owners of the ship Nora, in consequence of the repudiation by the British Government of the claim for damages for her destruction by the Ala bama, have applied to the Federal Government to support them in their claim, since they, as private citizens, have no other means of redress. It is reported that a movement is on foot for a compromise between the Fenian factions. Great numbers are said to favour the retirement both of o'2lahony and the Senate. The Hamburg ship Newton, from New York for Hamburg, has been totally wrecked off Nantucket. All hands were lost. Captain Semmes has been arrested by order of the Government on the ground of having, during his fight with the Kearsage, hoisted the white flag and escaped under cover of a cessation of hostilities. Captain Semmes claims to have been included in the Sherman-Johnston capitulation. The Mobile Register of the 19th inst. pronounces the Government cotton agency system in the South to be a total failure, a social misfortune, and a source of the hugest robbery and corruption. MEXICO. It is stated that General Grant will shortly visit the Rio Grande in the flagship of the Gulf squadron. Doubtful Mexican advices, received via San Francisco, but bearing no date, report that a revo lution had broken out against the Emperor Maximi lian. Intelligence received in New York by direct steamer from Vera Cruz on the 13th Dec. mentions rumours that Juarez had resigned the Presidency. Matamoras papers assert that Colonel Jeannin gros had, as a ruse, permitted Escobedo to occupy Monterey, and afterwards surprised and totally routed his army with great slaughter. The Repub licans claim that Escobedo withdrew from Monterey with the loss of 30 men. Doubtful advices, via New Orleans, represent the Juarist General Diaz as carrying all before him. The whole State of Oaxaca was in arms against the Imperialists, and the Liberals were masters of the whole coast between Vera Cruz and Tuspan, as well as the sputh of Vera Cruz. Intelligence from Brownsville to the 7th inst. states that additional correspondence has been ex changed between Weitzel and Mejia, urging mutual grievances. Weitzel intimates to Mejia, by General Sheridan's authority, that if outrages upon Ameri can citizens, such as he complained of, were con tinued, no excuses for such conduct would be accepted. " You will not be permitted," says General Weitzel, "to commit acts against the United States which are not accidents. The Federal Government will not accept your personal apology for your bad faith." Mejia returned Weitzel's letter with a verbal message. The latter informed Mejia that he considered his letter unanswered. • CANADA. 1110xTREAL, Dec. 26. The Merchants' Exchange iu this city has been totally destroyed by lire. COMMERCIAL INTELLIGENCE. (From the Neto York Journal of Commerce.) Tho money-market is moderately active. Capital is in good supply, and call loans are readily obtained on miscel laneous securities at 7 per cent. There is no change in the rate of discount for business paper. The best class of signatures pass at 7 to 9 per cent., and other good names, at short date, at 10 to 12 per cent. per annum. Gold opened at 1461 touched at 1461, and fell off to 1461 under free sales by the Government. Silver is offered more freely. The demand is less active, at some decline in price. It is bought by dealers at 510. to 6c., and resold at 41c. to sc. below the price of gold. Foreign exchange is firm at 1091 net for bankers' C') days' sterling bills. We quote :—Bills at 60 days on London, 1081 to 1091 for commercial ; 1091 to 1091 for bankers ; ditto, at short sight, 110 to 1101; Paris, dt 60 days, 5 171 to 5 134 ; ditto, at short sight, 5 llf to 5 10 ; Antwerp; 5 17} to 5 15 ; Swiss, 5 15 ; Hamburgh, 361 to 361 ; Amsterdam, 404 to 41; Frankfort, 404 to 41; Bremen, 79 to 791 ; Prussian thalers, 711 to 721. We understand that the regular Stock Exchange Board, at a meeting held Saturday afternoon last, resolved to give no order for stock directly or indirectly to any member of other stock organisations. Stocks were ready on the street, and firm at the first session of the open board. At the regular Board prices were strong on the first call, and soon after showed some improvement. There was afterwards a little decline, but the market generally was well sustained. The demand for Government was fairly active at the quo tations. At the 1 o'clock Board sales of Erie were made at an advance, but most of the Western railway shares showed some falling off from the mornin g rates. At the half-Past 2 o'clock B oar d Erie lost the ad vance of the previous session, and some of the Western stocks partially reco vered the decline. Prices generally were firmer towards the close. The closing prices at the First Board show the following changes as compared with the latest previous sales. Advance.—United States s's 10-40 Coupons, 1 ; ; Virginia Sixes, 11 ; Mi ssour i 6's, ; Erie, sth m., Central Coal Co., 1 ; Atl an ti c M . S. S. Co., 1; Ashburton Coal Co., 1; Schuylkill C oa l C o., 1: Spring Mountain Coal, 11; Hudson R., 1 ; Chick and R. 1., 1 ; Mich. So. and N. 1., 1}; Cleveland and Pitts., 1; Chic, and N. W. 11; Chic. and N. W. Preferred, 1 ; Pitts., Ft. W., and Chic., 4. Declined.—United States Sixes, 5-20 Coupons, 1862, 1; United States' Sixes, 5-20 Coupons, 1865, i ; Treas. 7 3-10 Ist, 1 ; Ohio and Miss. Cert., 4 ; Western Union Tel., 3 ; New York Central, 1; Michigan Central, ; Cleveland and Toledo, 2. At the 1 o'clock Board the following further changes were noticed :—Advanced.— Ashburton Coal Company, I ; Western Union Tel., 2 ; Erie, 1; Cleveland and Tol., 1. Declined. —Ohio and Mis. Cer., ; Reading, 1; Cleve land and Pitts., 11 ; Chic. and N. W., 1; Chic. and. N. W. Pref., ; Pitts., W., and Co.; i• At the half -past 2 o'clock Board :—Advanced.—Cleve land and Pittsburg, 1 ; Chicago and N. W., 1. Declined. —United States' Sixes, 1881, coupons, 1; Ohio and Miss. Certificates, 1 ; Canton Co., 1 ; New York Central, 1 ; Erie, 1 ; Michigan So. and N. 1., 1 ; Chicago and N. W., Preferred, ; Chicago and Rock island, I ; Pittsburg, Fort Wayne, and Co., 1 ; Quicksilver Mining Company, 1. The total receipts to-day at the Sub-Treasury were $5,514,638 52c.; total payment; $7,308,199, leaving a balance on hand in specie and paper money of $77,265,972 46c. Amount of gold certificates issued, $492,940. The receipts for dnties to-day at the Custom -house were $367,000 59e., of which $lOB,OOO were in gold and the balance in gold certificates. The Marine National Bank has declared a dividend of 6 per cent., free of Government tax, payable 071 the 2nd of January next. The Clark and Sumner Tarr Farm Association has de clared a dividend of 5 per cent., payable on demand. The bank statement for the week, as compared with the preceding returns, shows an increase of $1,358,655 in specie, $615,799 in legal tenders, $154,112 in circulation, $4,433,191, in net deposits, and a decrease of $24,988 in loans and discounts. _ . The Chicago Times of• Saturday has the following :- 44 The recent depression, resulting from . the proposed contraction of the cu rrenc y, i s gr adually chsappearin . g, as bu siness men realise th e i mposs ibility, with the existing condition of the public debt, o f carr ying such a policy into practice; and we notice a general restoration of confidence in commercial circles, and a general revival in trade. This changed condition of affairs is more strongly exhibited in atheyrotdutice markets than elsewhere, and operators are dgegramee tarn neg hotct o ' re elY, and manifesting a tolerable confidence as future." to the course o f ma tte r s in the Free Press saysßeviewing the business o f the past week, the Detroit : " Lake navigation has finally closed, is fact ; although Providence Printing Cloth Market, Dec.l6.—Cloths have advanced during the week about 3c. per yard. Goods very active. Most of the goods sold have been contracted to be made in January, February, March, April, May, and June. Many of the mills are running short time on account of scarcity of water. The following are the sales :-5,000 pieces 56x60, 15c., early in the week ; 5,000 ditto, 56x60 15ic., early in the week; 25,000 ditto, 56x60, 16c.; 8,000 ditto, 56x60, 18c., at the close ; 12,000 ditto, 60x64, 171 c., early in the week; 12,000 ditto, 60x64, 1810. 34,000 ditto, 60x68 and 64x64, 17c. early in the week; 20,000 ditto, 64x64, life.; 6,000 ditto, 64x64, 18c.; 48,000 ditto, 64x64, 181 c. ; 11,000 ditto, 64x64, 19c. ; 18,000 ditto, 65x64, ; 2,000 ditto, 64x64,20c., heavy ; 10,000 ditto, 61x64, 21ic., 30 inches. Total, 216,600 pieces. Annexed are the comparative earnings of the Detroit and Milwaukee Railroad for the second week in De cember: 1865, $28,889; 1864, $26,728. Increase, $2,161. (By Telegraph to Boston.) New York Stock and Money Market, Dec. 19.—Second Board.—Gold, 1464 ; 11. S. 5-20's, 1031 ; 11. S. 10-40's, 921 ; Treasury 7 3-10's, 971; Missouri States, 77 ; Cumberland Coal Company, 441; New York Central Railroad, 961 ; Erie Railroad, 941; Reading Railroad, 1071; Michigan Southern Railroad, 761 ; Cleveland and Pittsburg Railroad, 894. New York, Dec. 19.—Flour sc. lower; sales 6,000 bar rels State and Western ; State, $7 to $8 45c. ; round hoop Ohio, $8 40c. to $9 85c. ; Western, $7 to $ 845 c. ; Southern —sales 400 bbls. at $8 75c. ; Canada—sales, 250 barrels, at $8 sto $ll. Wheat dull; sales, 39,600 bushels; Chi cago spring, $1 68c. to $1 82c. ; Milwaukee Club, $1 70c. to $1 82c. ; amber Milwaukee, $1 83c. to $1 85c. ; amber State, $2 40c. Corn dull ; sales, 31,000 bushels ; mixed Western, 95c. to 95ic. Oats dull. Beef steady. Pork lower—sales, 9,000 barrels; new mess $3O to $3O 50c. Lard lower—sales, 745 barrels, at 151 c. to 191 c. Whisky dull—sales, 145 barrels, at $2 31c. to $2 32c. Cotton firmer —sales, 2,900 bales ; middling, 49c. to 50c. Sugars dull. Coffee dull ; Rio, 2,600 bags on private terms. Molasses— sales at $1 100. to sl2sc. Naval stores dull. Petroleum quiet ; crude, sales, 1,000 bbls., at 41c. to 411 c. ; refined, bonded, 2,500 bbls., at $6 70c. Freights to Liverpool quiet. New York Weekly Cattle Market, New York, Dec. 19. Beef, c. lower; receipts, 6,400 head; quotations, 9c. to 18c. Sheep quiet, at 310. to Bc. ; receipts, 15,000 head. Swine lower; quotations, 9ic. to lllc. Cincinnati, Dec. 19.—Flour dull and unchanged. Hogs weak at $lO 20c. to $lO 50c. nett, asked. Receipts, 6,200 head. Provisions tending downward. Mess pork declined $26 50c., closing dull. Lakl offered freely at 17c., with small sales; prime city, 161 c. Whisky dull, at $2 25c. Gold, 145 i. Chicago, Illinois, Dec. 19.—Flour dull. Wheat dull, and declined 1 to 1/tc. ; sales at $1 28i to $1 281 for No. 1, and 90 to 91c. for No. 2. Corn active, at 46c. for No. 1, and 40 to 42c. for No. 2. Oats dull, at 25/c. to 26c. High wines dull. Provisions dull and almost nominal. Hogs in mode rate supply ; sales at to 9}c. for medium to choice ; dressed hogs not so firm ; sales at 10 to 11c. Receipts -9,500 bbls. flour, 12,500 bushels wheat, 14,000 bushels corn, 10,000 bushels oats. Shipments-6,000 barrels flour. (From Messrs. E. F. Satterthwaite and Co's Weekly Circular, January 3rd.) Our advices from New York by the Asia are to the 19th ult.; they report an active and good demand for all Go vernment securities, resulting in an improvement of quite one per cent. on almost all descriptions of stock. The Railroad Share market had been excited with numerous large speculative transactions, but investors appeared to hold aloof; the last quotations were from $1 to $2 higher than previous quotations. State Stocks had also in most cases improved in value. . Money was reported easy at six per cent. on prime se curities, but the Bank return showing an increase of over four millions of dollars appears to indicate caution on the part of lenders. Gold remained steady. The following is the return of the New York Banks : Disco Bunts. Specie. Circulation. Deposits. 8 Dec. 9. 227,839,344 15,621,780 16,570,613 176,480,562 Dec. 16..227,814,356 16,981,435 16,724,725 180,913,753 TRAFFIC RETURNS FOR NOVEMBER.—Erie : 1865, $1,451,217 ; 1864, $1,222,568 ; increase, $228,648. Nor wich and Worcester: 1865, $60,098; 1861, $53,726 ; in crease, $6,372.• Pittsburg, Fort Wayne, and Chicago : 1865, $712,000; 1861, $691,556 ; increase, $20,441. ATLANTIC AND GREAT WESTERN.—The following com munication was posted in the Stock Exchange to-day : " The Consolidated Bank (Limited) has received the sum of '.£19,055 3s. 6d. from the earnings of the month of NOvember of the Atlantic and Great Western Railway, for the credit of trustees' coupon account." It may not be generally known that the chief portion of the merchandise traffic upon American railroads is con ducted by express companies, which, by a well organised system of agencies and receiving offices, collect and de liver goods all over the Union, and use the railroads ' as one of the means of transportation ; these express companies - frequently have privileges accorded, which enable them to pay very large dividends to their stockholders ; they are often able to take " time freight," as it is called, that is, they undertake to deliver it within a given and usually a quick time, such "time freight" trucks having precedence over ordinary ones run by the railroad companies themselves. We find in the New York Trtbune of December 15th, 1865, the following paragraph, which seems to point to some very exceptional arrangements as being made with a company called the Erie Transportation Company : "We are asked the nature of the Erie Transportation Company. Its capital, we have been told, is nominally $500,000, and was originally distributed among the lead ing officials of the Erie Company, and of several Eastern and Western lines, forming what is known in legislation as a 'ring.' This company for its services,' was to re ceive 6 per cent. upon all Western bound freight delivered to the road, and 41 per cent. upon Eastern bound, and the chief labours of its officers were to collect the rent and divide it among the shareholders. If its present and past shareholders' names could be given they would include parties fully paid by salaries from the Erie Road, and without any claim in the form of subsidy upon traffic under their charge." At a meeting of the directors of the Michigan Central Railroad Company, held at Boston, the 14th day of Decem ber, 1865, the report and account of the treasurer was pre sented and accepted, and thereupo n it was Voted —That a dividend of five dollars per share, free of Government tax, be, and the same is hereby declared, pay able on the Ist day of January next, to holders of stock at the close of business on the 20th inst. Payment to be made to stockholders residing in Michigan and registered at Boston, at the office of the General Receiver in Detroit ; to holders of stock registered in the city of New York, at the office of the Farmers' Loan and Trust Company, in said city; and to all others, at the office of the treasurer, in the city of Boston. Voted—That the transfer books of the company be closed from the 20th inst., until the Ist Jan. next. *** The balance of income account., let De cember, as per report 5641,973.77 Deduct amount of dividend declared this day, including Government tax Leaves a balance to income account of ~. $279,831.67 We wish to draw the attention of our friends to the absolute necessity of immediately sending out to New York for registration any Illinois and Erie shares which they may hold standing in other than their own names. If this precaution is not adopted, we fear much difficulty may be experienced in obtaining the forthcoming divi dend. I 2 tmn h sf in er st b . ook s of th e Illi no i s C en t ra l w ill be closed nn the ot ERRATUM. —We take occasion to rectify an error which inadvertently occurred in our circular of last week, in giving the length of the Illinois Central Railway as 756 instead of 706 miles. Thiswould in some measure alter the comparison between the relative earnings of this road and the Atlantic and Great Western, as the former would show £127 per mile for the month against £212 for the latter. NOTICES. —We are prepared to cash the following cou pons, subject to recourse:—United States Government Bonds—Erie Fifth Mortgage, 1888, payable Ist December; Pennsylvania First Mortgage, 1880, payable Ist January ; Philadelphia and Reading, 1886, payable Ist January ; Pittsburg, Fort Wayne, and Chicago, 1912, payable Ist January; Chicago and Rock Island, 1870, payable 10th January. The Great Western of Canada traffic is, for week ending Dec. 15, 1865, £12,914 7s. Bd. on 345 miles, or £37 Bs. Bd. per mile per week. Dec. 16, 1864, £12,576 10s. 6d. on 345 miles, or £36 9s. ld. per mile. The Grand Trunk of Canada traffic is, for week ending Dec. 8, 1865, £26,933 on 1,377 mile; or £l9 11s. 2d. per mile per week. Dec. 9, 1864, £24,754 on 1,335 miles, or £lB Bs. 11d. per mile per week. Dec. 16, 1865, £26,448 on 1,377 miles, or £l9 4s. 3d. per mile per week. Dec. 17, 1864, £23,280 on 1,335 miles, or £l7 6s. 10d. per mile per week. The Detroit and Milwaukee traffic is, for week ending Dec. 14, 1865, £5,936 ls. 11d. on 189 miles, or £3lBs. 2d. per mile per week. Dec. 13, 1864, £6,380 9s. 4d. on 189 miles, or £33 15s. 2d. per week. Since our last the London market for American securi ties has, as is usually the case at this time of year, been very inactive. On higher quotations from New York, the river has been almost entirely free from ice for the past week no vessel has hadthe temerity to venture on a voyage to any distant point. An important channel of trans portation being thus closed, shipments of 1 roduce to eastern markets have been in great mem e suspended. Trade, accordingly, very dull, with hardy transactions enough to establish a market in anyth:ng. This is the season of the year usually devoted to gat& ring in the hog crop, but it seems to have been delayed this year. The packers have not yet appeared in the market, as they have no confidence in the present prices of bogs. On the other hand, the farmers are quite as firm in their views. Having plenty of corn, which they can dispose of to no better ad vantage than by putting it to the use of increasing the weight of their hogs, they are content to let the packers lie idle and bide their own time. United States 5-20 Bonds have improved nearly $l, dosing 651 to f. Illinois Shares are now quoted (ex dividend) 77f to 78, equivalent to an advance of a half per cent.; but Eries, after improving $l, close flat at a half per cent. under last week's price ; viz., 561 to 7. OFFICIAL TRANSACTIONS FOR THE WELL—United States; 6 per Cent. 5.20 Bonds, 1882: Thursday, 641 1 1 51. Friday, 651 5 1; Saturday, 651 1; Tuesday, 654 1 If, Erie Shares, $lOO, all paid : Thursday, 571 1 Friday, 571 ; Saturday, 571 I ; Tuesday, 58f ; Wednesday, 571 f 7 61; do. 6 per Cent. Debenture Scrip : Thursday, pm. ; Friday, pm. ; Saturday, 11 pm. ; Tuesday, 11 pm. ; Wednesday, pm. Illinois Central Shares, all paid: Thurs day, 801=1 f 14 ; Friday, 781 ; Saturday, 794 xd. ; Tues day, 791 8+ 1 xd. ; Wednesday, xd. METROPOLITAN BOARD OF WORKS. The usual meeting of the Metropolitan Board of Works was held yesterday at the office in Spring gardens ; Sir John Thwaites in the chair. FINANCE. • The financial statement was presented, which showed the following cash balances in the hands of the treasurer :—Current accounts, £154,409 9s. 3d. ; deposit accounts, £178,000. Total, £332,409 9s. 3d. Payments were ordered to be made to the amount of £2,204 is. Bd. ELECTION OF MEDICAL OFFICERS TO THE FIRE BRIGADE. The first business brought before the Board was the election of medical officers to the Fire Brigade for Districts A, B, and C. For the A division, ex tending from the Strand to Hampstead, there were 26 candidates, but the election fell upon Mr. John Lumsden Propert, of No. 100, Glocester-place, Pcrtman-square. From the B division, extending from the city to Islington, there were 26 candi dates, but the election fell upon Dr. Saunders, of No. 13, Queen-street, Cheapside. For the C divi sion, extending from the city to the east part of London, there were •17 candidates. The election fell upon Mr. T. G. Woodforde, of 5, Lansdowne terrace, Bromley. The successful candidates seve rally returned thanks on their appointment. CONCESSION OF SEWAGE ON THE SOUTH SIDE OF THE THE SUN, LONDON, SATURDAY EVENING, JANUARY 6. 1866. THAMES. A long report was brought up from the Main Drainage Committee, detailing the steps the com mittee had taken in reference to this question, and stating that as Mr. Ellis found himself unable to proceed to Parliament in the ensuing session for powers to carry out his plan for the utilisation of the sewage on the south side of the river, in their opinion it was inexpedient to grant a concession of the sewage. A long letter by Mr. Ellis, combating objections urged by Mr. Bazalgette, the chief en gineer to the Board, was also read. Mr. SHORE said, by the arrangements which had already taken place, if a concession had not been granted to Mr. Ellis he knew not what a concession was. He thought that the time for Mr. Ellis to carry out his plan should be extended, as he felt assured they would not get a better one. The CHAIRMAN said they would first have to con sider whether the report and the letter of Mr. Ellis should be inserted on the minutes. Mr. COLLINSON was opposed to entering attacks on the members of the Board and on their officers on the minutes, for were they to do so he thought it would be setting a bad precedent, as it would be an encouragement to any one who was disposed to at tack a member or throw stones at the Board to do so when he knew that such documents would be en tered on the minutes. Mr. RICHARDSON was in favour of those docu ments going on the minutes. Major LYON said Mr. Ellis's letter cast an impu tation and assigned motives to Mr. Newton, a mem ber of the Board, and but for that he would have voted for the insertion of the letter on the minutes. Mr. FREEMAN said he hoped that the letter would merely lie upon the table, and be there treated with all the contempt it deserved. Mr. PECKETT was also opposed to the insertion of the letter on the minutes, as it would be setting a bad precedent. ' Mr. SAUNDERS hoped the letter would be received and kept for reference in the future as to this ques tion, but he objected to its being inserted on the minutes. The motion that the letter of Mr. Ellis be entered in extenso on the minutes was then put, and nega tived by a majority of 22 to 3. METROPOLIS SEWAGE, &C., COMPANY. A report was brought up from the Main Drainage CO:nmittee, recommending that the application of the Metropolitan Sewage, &c., Company, for permission to enter upon the land belonging to the Board at Barking Creek, for the purpose of depositing materials, be granted on condition that the question of the amount for the temporary ocCupation and the ultimate price to be paid for land to be purchased be left to a referee to be agreed upon between the board and the company, and that the company be also permitted, during the pleasure of . the Board, to carry the waste water from their land by the main outfall in an open drain through the Board's land, for delivery into the creek. Mr. ROCHE thought, before the Board agreed to sell their land to the Metropolis Sewage Company, they ought to bring up a plan on which the amount of land required should be clearly defined, and he moved an amendment to that effect. Mr. LEGG seconded the amendment, which was put and carried. THE PROGRESS OF THE EMBANKMENT WORKS. The engineer presented his monthly report on the progress and cost of the Thames Embankment, &c., works. It was as follows : " North Side of the Thames.—Thames Embank ment (Contract No. 1), between Westminster and Waterloo Bridges.—The works that have been car ried out in connexion with this contract comprise about 3,238 ft. in length of timber, coffer, and iron caisson dams, either completed or in various stages of progress. Structural works of concreting, brick work, granite, and other masonry, and works of excavation have been and are now proceeding within - the various completed dams for a length in the ag greiate of about 1,568 ft. The completed works comprise about I,oloft. in length of the low-level sewer, 284 ft. of the flushing sewer, 1,604 ft. of the 4ft. sewer for intercepting smaller drains, and 916 it. of the subway. 408,627 cubic yards of material obtained from the land or river have been tilled in behind the embankment works. The approximate cost of the work done, materials on the ground, and plant is £251,370 ; £6,841 representing the progress made by Mr. Furness in thepast month. Of the total amount, the Sum of £137,404 represents the works, £59,337 the materials, and £54,629 the plant. By the strict terms of the contract the works should be completed by the 16th of August next, but there was so much delay at the outset, first from want of possession of the wharves necessary for the deposit of materials- and plant, next from the various expe riments, on the caissons and timber dams to be adopted, then with respect to whether the Board would construct a steamboat pier at Hungerford, and now from the works, of the Waterloo and Whitehall Railway near that point, that I fear the actual time of completion may be extended many months beyond that date. " Thames Embankment (Contract No. 2) be tween Waterloo-bridge and :Temple-gardens.— Within the western dam the excavations for the foundations of the river wall, sewer, and subway have been completed, and the brickwork of the footings got in for the whole length of 796 ft. Of this length about 500 ft. of the brick and stonework of the river wall and sewer are completed to a level equal to Trinity high-water mark. For the re maining length, 296 ft., these works are brought up to a height of 4ft. above low water. The whole of the piles inthe eastern darn, a length of 450 ft., have now been driven, and the clay puddle is being fast filled in. The Temple steamboat pier is in a for ward state, the greater portion of it being com pleted to within a few feet of high-water mark. During the month 88 cubic yards of excavation have been got out and 2,326 yards of Portland cement concrete shot in, 170 rods of brickwork laid, and 9,476 cubic feet of granite bedded. The ap proximate value of the works completed and of the materials and plant upon the ground is £163,882, £6,339 being due to the progress made by Mr. Rit son in the past month. Of the total amount the proportionate sum of £119,967 is for work,£lB,B9B for materials, and £25,017 for plant. Strictly by the terms of this contract the works should be com pleted by March 9 next, but, as in No. 1 contract, delay was experienced in obtaining possession of the requisite wharf accommodation, and there were other minor causes of delay, equally beyond the contrac tor's control, and which will probably retard the actual completion of the works for a period of about six months beyond that date. " Low-levei Sewer—The length of main line of sewer completed in the past month is 288 ft., and of the Old Ford braich 234 ft., making the total com pleted length of sewer under the contract nearly four miles. The value of the whole of the work executed is about £178,421, of which the sum of £5,321 is due to the progress made by Mr. Webster in the past month. " Alhey Mills Pumping Station—The brickwork of the whole of the footings of the buildilig has been got in, and the outer walls all round brought up to a height of sft. above them. The quantity of Portland cement concrete deposited i 52,517 cubic yards, and the number of rods of brickwork laid 100. There is a large quantity of stone on the ground, which is being dressed. The value of the completed work is £14,132, of which £2,132 re presents last month's progress. Portions of the machinery- continue to arrive from Messrs. Roth well's foundry. " South Side of the Thames—Thames Embank ment (Contract No. I)—Mr. Webster has completed I,oooft. run of piling for the dam and 1,250 ft. run in staging have been driven to an average depth of 16ft. About 95,000 cubic feet of timber have been used in these works, and about 75,000 ft. are upon the ground ready for use. " J. W. BAZALGETTE, Chief Engineer." Mr. Roam complained of the very slow progress which was made by Mr. Furness with the Embank ment work No. 1, and said that he should move that this subject be referred to the Thames Em bankment Committee. The time when this work ought to be completed would be August in the pre sent year ; but, in his opinion, two years would not be sufficient to see its completion. The ENGINEER said he was unable to fix a time when he could say the work would be completed. Mr. ROCHE said he hoped that Mr. Furness would be informed that, unless the work was done in a reasonable time, they would consider whether the penalties for delay should not be enforced. The motion of Mr. Roche was put and agreed to, and the report of the engineer was ordered to be printed and circulated. The other business of the Board was then disposed of, and it adjourned. The late Fatal Collision in the Channel. THE BOARD OF TRADE INQUIRY. DOVER, Friday. The Board of Trade inquiry into the late fatal collision in the Channel was resumed this day in the Town-hall. The Court was similarly constituted as yesterday. Mr. O'Dowd stated to the Court that he thought, in the absence of the Captain of the Belgique, who was lying at Ostend unwell, and who was incapable, accordißg to the doctor's certificate, of attending the court to give evidence in the matter, that they should hear the evidence of the first officer of that vessel. The first officer was accordingly called into the witness-box, and his evidence was occasion4lly de livered in French and interpreted by Mr. Latham, the Dutch Consul. Charles Acrebiss, examined by Mr. O'Dowd, said —I am a first-lieutenant in the Belgian Royal Navy and I am first officer on board the mail packet Belgique. She left Ostend on the evening of the 13th of December last about 8 p.m. The weather was dark and hazy. We reached the Admiralty pier about 1 o'clock. Between 11 and 12 o'clock I could discern the Calais and Cape Grisnez lights. This was before I paseed the South Foreland. I saw the Foreland lights afterwards about two or three miles off. e went at least at 13 knots an hour. This is our usual speed. I was on deck be tween Dunkirk and Dover. Captain Owen, the captain of the Belgique, is unwell, and has' been so for some days. I saw a steamer's light during the voyage, about half-past 12 o'clock. First a mast head light, and subsequently her port red light. We heard the steamer's whistle. We could not see her hull. When I first saw her red lights she seemed to be about half a mile off. We did not see the hull of any vessel between Dunkirk and Dover in crossing the Channel. We always go at the same speed ex cept in foggy weather or a heavy sea. I did not consider it necessary to slow the engines that night. They were not slowed. I was merely acting as first officer, and was not in the command of the vessel. We received intelligence of the accident as soon as we reached the pier, and we went off to the Samphire's assistance directly. We went of our own accord to her assistance ; we were not sent, as it has been stated in some of the papers. We did not stop to unload the baggage. We found the Samphire about 20 minutes after we started. We made 600 revolutions, and that is why I calculated we reached the Samphire in 30 minutes. The Samphire bore from the Admiralty pier S.S.E.. We took the pas sengers on board and landed them at Dover. We went out again about half-past 4 o'clock in search of the Sarnphire, and found she had altered her po sition. She was 12 miles from Dover, close to the Yarn light. It was thicker and more hazy in Dover Bay than it was out at sea. By Mr. Edwards—We could not see the Sam phire's lights when we started from the Admiralty pier, nor after we cleared the pier. We went in search of her according to the course she ought to have been in and the current. The tide was setting to the westward. This was the first time we went to her. The tide had been setting eastward from about 5 o'clock and turned ebb at midnight. I can't tell how far the Samphire was off when we first caught sight of her. The maximum speed of the Belgique is about 14 knots an hour. By Capt. Harris—The Belgique belongs to the Belgian Royal Navy, and the speed of the vessel is left to the entire control of the commander, and in case of any accident he woukl be tried by a court martial. No one on board the Belgique heard any cries from the steamer which we saw on our voyage, or we should have gone to her assistance. Wepassed the steamer about half a mile distant, as near as I can judge. I supposed by the steamer's whistling she was in want of a pilot. We did not pay much attention to her, and did not observe that she was waving her lights. We did not see the South Sand head light, as wepassed it at a considerable distance, and it was too hazy to see it. Probably had it been a fine clear night we should have seen it. Ido not know at what distance we usually pass that light. By Captain Baker—lf a vessel had happened to pass us that night it would have been very difficult to avoid her, as she could not be perceived in suffi cient time to get out of her way, owing to the haze and darkness. I did not see the hull of, the Sam phire as we passed her. By Mr. Fox—We steered west, three-quarters north, from Ostend. Mr. Churchward—That would bring the Belgique from eight to ten miles distant from the South Sandhead light. By Captain Harris—That is the usual course for that tide. By Mr. Knocker—The head of the Samphire was to the north. The Mayor addressed the witness before he left the box, and said before he left the court he wished to tender his thanks and the thanks of his brother magistrates to him and all on board the Belgique for the promptitude and kindness with which they went to the rescue of our fellow-countrymen on board the Samphire, whose lives were endangered through coming into collision with the bark Fanny Buck. Capt. James Pitlock, examined by Mr. O'Dowd— I am captain of the Maid of Kent. I have a certificate of competency. I crossed the Channel from Calais to Dover about 2 o'clock on the morning of the 14th. Mr. O'Dowd here addressed the Court, and said he did not think the evidence that would be adduced by this' witness was of any value, because he could only give evidence of the state of the weather after 2 *lock, which would affect the case. John Sharp, examined by Mr. O'Dowd—l am a leading man of the night quarters of the London, Chatham, and Dover Railway Company, stationed on the pier. I was on the pier on the night of the 13th of December when the second boat of the Samphire arrived with three of the crew, the mail master, two of the bark's crew, and some passen gers. After the passengers were landed I handed a light to Datland to look for the plugs of the boat. I saw him pick the two plugs out of the boat. They were fastened to her lanyard. There were a rag or handkerchief in the plug hole. There was three or four inches of water in the boat. I took another shore hand in the boat, and sent the boat to try and find the Samphire. By Capt. Harris—l could not see the lights of the Samphire, because the - weather was hazy. We heard the whistle of a otearam blowing an how before the : first mate came to the 'pier. We thought she was blowing her whistle for a pilot. I was not in court when the last witness gave his evidence. I first heard a steamer's whistle about half-past 11 o'clock: I was by the side of the Lord Warden hotel. I did not go.to the pier until about a quarter to 1 o'clock. I heard the whistle blown from time to time dur ing the whole of that period. Thomas Friend, examined by Mr. O'Dowd—l am a master of the Lord Warden pilot cutter. The book produced is the cutter's log-book. There are entries made up to midnight upon the state of the weather on the 13th of December. The entries are made by me every morning, containing an account of the weather for every four hours. The entry from eight o'clock on the night in question till mid night of the state of weather is " Moderate breeze ; hazy weather." By Captain Harris—l heard the whistle of a steamer about half-past 11 o'clock. I did not un derstand it was a signal for a pilot. We took it to be a signal for the pilot to be landed. We sailed towards the place where the whistle appeared to be sounded for an hour and a half. We could see the vessel's lights, and they appeared to be going to the west, and that is why we thought the whistle was blown as a signal to land the pilot. We saw her masthead lights. We sailed after her until half-past 12, and then, as she was out of our limits, we gave over the chase. She was going to wards the Varn light. We only exhibited on the cutter a masthead light, excepting every quarter of an hour, when we exhibited a " flare up." By Mr. Fox—We passed the Samphire when she was going out. I don't think we could have seen a vessel a quarter of a mile off without a light. I don't think we could see it before we were into it. Mr. O'Dowd addressed the- Court, and said he was happy to be able to inform the Court that this closed the evidence that he intended to produce on the part of the Board of Trade. He had merely to put in one document which had been referred to in evidence, and referred to, he was willing to admit, not irrelevantly. It was the contract entered into on the sth June, 1863, between the Right Hon. E. J. Lord Stanley of Alderley, Postmaster-General, and the South-Eastern Railway Company, and the London, Chatham, and Dover Railway Company. In justice to the Post-office department, with refe rence to a portion of the evidence affecting that ser vice, it would be his duty before the close of the in quiry to call the particular attention of the Court to those clauses of the contract which were deemed to have abearing upon the inquiry. The copy which he proposed to hand in was printed by the Queen's printer, and he assumed that without formal and technical proof there would be no objection to its being admitted. No objection being made, the printed copy of the contract was handed in by Mr. O'Dowd. The afternoon was occupied in reading over the evidence adduced by the witnesses that was left un read on the previous day. The inquiry was adjourned until this day, when, in all probability, the proceedings will be concluded. SEASONABLE BENEVOLENCE.—On Wednesday Miss Burdett Coutts entertained 300 poor people of Westminster, resident in St. Stephen's parish, at a New Year's dinner in the schoolrooms of St. Stephen's. The feast, which was substantial and abundant, was enlivened by the music of a portion of the Coldstream Guards' band, with choral singing and speeches, and occasioned very groat enjoyment. Among the company present were the Dean of Westminster, Cannon Jenning, the Subdean of the Chapel Royal, the Rev. Messrs. Tennent, Moore, and Henslowe, Miss Bouchier, and others. PRESIDENT JOHNSON AND GENERAL GRANT.— Even under the most favourable and least trying conditions there is hardly anything more injudicious than extreme measures and extreme views. But in circumstances of difficulty and danger the perilousness of such a policy reaches its maximum. This is conspicuously illustrated in America at the present time. If there is one thing which can restore peace and order and prosperity in the Union it is a policy of moderation and compromise, and such a policy the President and some of the chief men of his party seem disposed, honestly and impartially, to carry out, both in their domestic affairs and their foreign relations. But there is, unfortunately, a party who hold extreme views, and who will be satisfied with nothing but extreme mea sures. President Johnson, in his Message to the Senate, considers that the people of the Southern States are yield ing obedience to the laws of the Federal Government with a greater degree of willingness and promptitude than could, under the peculiar circumstances of the case, have been expected. The prospect of affairs seems to him to promise more favourable for the future than any but the most sanguine would have ventured to anticipate, even at the time when the North found that they had won the victory. The South were beaten and overwhelmed in the field; but this would have availed little in the absence of that willingness to accept the situation, with good temper, and make the most of it, to which the President alludes. The Southerner might have presented the frame of mind of the Pole under the Russian yoke ; and to deal with him sb as to restore the Union in any profitable sense would have been impracticable. But the Southerners know that the Federals are of the same race with themselves—in many instances their own kinsfolk; not an inferior race, as the Poles consider the Russians ; and they are inclined to meet their late adversaries half-way in reconciliation. The President finds that sectional animosity is surely and rapidly dying out, and that a better spirit is taking its place ; and he has reason to believe that national repre sentation, combined with a proper and equitable system of taxation, will bring about a satisfactory restoration of the Union. General Grant also finds facts which lead him to the like conclusion. He reports that thinking men in the South accept the present situation in good faith. They regard the questions of slavery and secession as settled by the issue of the late war. A significant recommenda tion of the General's is that there should be small garri sons of white troops in those parts of the interior of the South where there are many freed neg roes. He considers that in other parts of the interior no force is necessary, so satisfied is he of the peaceable feeling and spirit which animate the white people where they are more by them selves, and there is less likelihood of a collision of the two races. The South, in his opinion, desires to return to self government within the Union as soon as possible; but in the transition state of reconstruction it requires the pro tection of the Government. The explanation of this is to be found in another significant statement of General Grant's. He considers that the freed negro's mind is not yet disabused of the notion that he has a right to live with out care and without making a provision for himself in the future. He seems to fancy that he is expected to do nothing for himself, and that everything is to be done for him by the Government. The consequence of this is that the freed blacks, speaking generally, manifest a strong tendency to idleness, and crowd together into the camps and cities, where it is obvious they are not required as labourers. The General considers that these freedmen will require for some years to come no t mere l y l aws f or t h e i r protection, but the fostering care of those on whom they rely for counsel and guidance. Hence his reason for recom mending the continuance of the Freedmen's Bureau, un proved and modified, so as to form a branch of the military department. These views of the President and the Com mander-in-Chief are moderato and sensible. Mr. Johnson does not think unfavourably of the whites of the South ; General Grant does not think too favourably of the blacks or expect too much from them. Neither of these high authorities are for looking upon the whites as a conquered people to be subjected to the iron rule of martial law; nor upon the negroes as men who, by the mere fact of manu mission, are at once invested with the moral and intel lectual qualities fitting them to exercise all the political functions and privileges of the white race trained to freedom and self-government through a dozen genera tions.—Morning Post. [ADVERTISEMENT.] Dyspepsia (indigestion), constipa tion, debility, consumption, and all nervous, bilious, stomach, and liver complaints in every stage. are only aggravated and aceeleraced by drugs of every description, but perfectly cur able by Da Barry's health-restoring Revalenta Arabica Food, as proved by thousands of cases which had been con sidered hopeless, such as—cough, asthma, also diarrhoea, haemorrhoids, liver complaints, flatulency, nervousness, biliousness, fevers, sore throats, diphtheria, catarrhs, colds, influenza, noises In the head and ears, 'lleum dim, gout, im purities, eruptions, hysteria, neuralgia, irrite billty, sleepless ness, acidity, palpitation. heartburn, headache, debility, dropsy, cramps, spasms, nausea and sickness, even in preg nancy or at sea, sinking fits, bronchitis, scrofula, tightness of the chest, pains in the pit of the stomach and between the shoulders, rte. We quote a few :—Cure No. 46,276. Mr James Roberts, timber merchant, of Frimley, Surrey, of 30 years' diseased lungs, spitting of blood, liver derangement, andpar tial deafness.—Cure No. 47,121. Miss Elizabeth Jacobs, of ex treme nervousness, indigestion, gatherings; low spirits, and nervous fancies. —Cure No. 1,771. Lord Stuart de Decies, lord lieut. of Waterford, of many years' dyspepsia. —No. 49,832. Fifty years' indescribable agony from dyspepsia, nervousness, asthma, cough, constipation, flatulency, spasms, sickness, and vomiting—Maria Joly.—Cure No. 51,816. The Rev, James T. Campbell, Fakenham, Norfolk, of indigestion and torpid ity of the liver, which had resisted all medical treatment.— In tins, 1 lb., 28. 9d. 21b., 4s. 6d ; Sib., lts.; 121 b., 225. ; 41b. 40s.—Barry ;tu Barry and Co., No. 77, Regent-street, London; also Philli tea dealers, 8, King William-street ; likewi-e at 61, Gracechurch-street ; 4, Cheapside ; 49, Bishopsgate street Within ; 63, 1.50, and 298, Oxford-street ; 330, Strand; 54, Upper Baker-street ; 103, Tottenham-court-road ; 90, Upper-street, Islington, N. ; Harvey, Notting-hill ; Close Brothers, 65, High-street ; and Stubbs, Queen's-terrace, St. John's-wcod, London; and all respectable grocers and die mists.—Beware of spurious imitations. SPIRIT OF THE PUBLIC JOURNALS. TIMES.—Mr. Bright has indicated a strategy for Re form with an openness which we know not whether to ascribe to an honest zeal or a factious indepen ' deuce. Is it to serve Lord Russell, or to put a spoke in his wheel ? Is it to encourage Reformers that he points out the road to victory, or is it to rouse the vigilance of the foe? What Mr. Bright invites to is not a single struggle, the work of a single ses sion, but a whole period of ParliaMentary recon struction. It is a work which he and we should probably have to bequeath to our successors in as unfinished a state as our metropolitan improvements. No doubt he would himself prefer to make that work short indeed, but three campaigns, at the least, are described, each extending over the natural life of a Parliament, each including such minor successes as the victor must stop to pick up by the way, and altogether comprising a period of perhaps 20 years, when a perfect House of Commons would find itself in a position to deal with the other estates of the realm and the other institutions of the empire. For the present, says Mr. Bright, dismiss from your thoughts all other reforms. Do one thing at once —the true secret of business. First reduce the quali fication—in the counties to £lO a year, in the towns to £5. Never fear for the rest. A House of Com mons so elected may be trusted to give its electors the ballot. That is all which is necessary for the second act in the drama ; and the house may rest and be thankful, if it pleases, for six years more. The second Parliament returned under such safe and happy auspices will finish up the work with a redistribution of seats and a rearrangement of our electoral districts. So advises Mr. Bright, and the advice, for its purpose, is so politic and so wise that we wonder to see it lavished on a multitude. We could understand it if we found ourselves behind the scenes and heard Lord Russell tendering it to a perfectly harmonious and confidential circle of colleagues. But its proclamation to all the world is another affair. The Conservatives are peculiarly sensitive about trifles—not that this is a trifle—which seem to involve any logical or practical consequences. They see the point of the wedge in everything. But Mr. Bright does not leave this to their nerves or their just suspicions. He says plainly " this is the point of the wedge." He spreads the net and promises certain destruction. It is evident from his tone that Mr. Bright has been taken into the Ministerial confidence, and is ready to support the intended measure, as an instalment, and as far as it goes. Possibly Lord Russell may be ready to lower the county franchise to £2O, and the town to £7 or £B, leaving other questions to future Parliaments. The only difference between Lord Russell and Mr. Bright would *then be a ques tion of degree. The move would be right in prin ciple as the proper way of opening the war, but Mr. Bright would doubt its " prolific energy," to use words he has quoted from Burke. He probably does not think that so moderate a reduction would carry the franchise sufficiently out of its present proprietorship, or introduce a sufficient number of the working classes. Indeed he evidently considers that no nominal rent or rating will answer the pur pose, unless by supplementary enactments provision be made for the very large part of our working population who occupy tenements or lodgings at a weekly rent and have nothing to do with rates. He insists, in fact, upon the nearest practical approach to a liberal household suffrage. If there is such a divergence between Mr. Bright and the Ministerial measure, and no more, then we may leave Mr. Bright to fight his own battles as he thinks best, and confine ourselves io the measure apparently looming before us. Is Lord Russell indeed about to merge this long controversy—so long a controversy that it has had time to fall asleep several times, and only just to escape final interment—in a moderate re duction of the franchise, town and county —nothing more ? Is that all, be it little or be it much ? If the Conservatives will agree to such a reduction, then it is very true that Lord Russell will be tolerably safe of a sufficient majority, at any important divi sion, for the next six sessions, if he live as long. The reduced franchises may make no great difference in the members returned, but the difference, whatever it is, would be in favour of Liberal candidates. The only question is whether the Conservatives will agree to anything in which they can see the first step of a glissade, the course of which will be beyond their control, and the termination of which will be ruinous beyond all conception. The measure ap parently indicated by these revelations has a feature which must create a just prejudice against it in this country. As soon as it had passed into an Act, there would be a great temptation to carry matters with a high hand, under the threat of dissolution, and upon that dissolution the country would be invited to return a new House of Commons which would virtually be a sort of Constituent Assembly. It would be elected by a constituency suddenly in creased by the admission of many new to the fran chise, and its very first business would be to pro ceed with the Reform, to divide the country anew, and redistribute the seats. Thus new electors would return new representatives, not for ordinary business, but for a new work—viz., the reconstruc tion of Parliament. A House so elected would be almost as much a Constituent Assembly as that which eighteen years ago found France in a Revo lution, and handed it over to an Empire. Whether the reduction of the franchise be great or little, whether Mr. Bright's or Lord Russell's, there would be still this ill look, perhaps this real dan ger, in a measure which, by its incompleteness, professed to be nothing more than an instalment of Reform. If we could think that the two great parties in the Legislature could agree to a moderate reduction of the franchise, say to £ 2O and to £7 or £B, and mutually bind themselves to defend that finality for a generation at least, so w thenell laid. we Butshould is be spectre t or secure ? True, suchglad enougha an understandingpossiblethe country did come to an understanding thirty-four years since, and for many years there was not a word about Parliamentary Reform. But here is the difference between that measure and this which is now threatened. That was a comprehensive measure ; this, if Mr. Bright be correctly informed, is only the first step to a period of change. The ancmalies it affects to cure are by no means the most crying or the most serious. What is the loudest complaint? Surely not that the town con stituencies are not numerous enough. They go down low enough in the social scale, as every can didate finds to his cost. The complaint that is loudest and strongest, and that will make itself heard, whatever is done with the qualification, is the unequal division of the national constituency— that is, the constituencies that count by scores and that count by scores of thousands. If the franchise is touched, the measure, to be final, must also deal with this complaint. So what we want is a mode rate but comprehensive measure not a mere " beginning of the e n d." , THE " ANGLO-AMERICAN TIMES" ON THE Po- LITICAL DIFFICULTY IN AMERICA.—We give to day a large portion of our space to the im portant political news from the United States. There has been scarcely as exciting a mail since the breaking out of the rebellion as that which brings us the intelligence of a conflict between the Repub licans in Congress and the President, with regard to the reconstruction of the Southern States. We propose in this article to notice, as briefly and as intelligibly as possible, the points of difference be tween Congress and the Executive. And, first, let us examine the position of the Radical wing of the Republican party. It is claimed by the Republicans, and admitted on all hands, that the Slaveholders of the South, while in power in the National Government, plotted to destroy that Government, and did nearly succeed in destroying it. Long before the actual outbreak of the rebellion treason was hatched in Congress, in the President's mansion, in the different depart ments, all over the South. Men who wore the livery and took the pay of the Government used their places and their money to destroy their benefactor. Officers of the Army and the Navy fled in open day, breaking their oaths and staining their swords. Th e . . national ships had been sent to foreign stations that they might not be used in the national defence. . . Orders to anticipate the danger could not be given from Washington without notice in advance being conveyed to the traitors at Richmond and Charleston. In fact, the whole machinery of the Government, including a portion of the Supreme Court itself, was so poisoned and prostituted that nothing but the final awakening of the people saved the Republic from instant and inevitable death. The people of the North went to war to preserve their country. Throughout four years of a conflict unprecedented in the world's history, they kept two objects steadily and constantly in view—the pre servation of the Union, and the emancipation of the slave. These were the grand and holy principles that actuated them the pillar of fire by night and the pillar of cloud by day which led them through the wilderness. They gave up the lives of their best beloved to secure these objects ; and now, after all these years of blood and peril, they find their principles triumphant and their cause secured. But, say they, " eternal vigilance is the price of liberty." Those same men who plotted against the Republic, having appealed to the sword and having been conquered, now present themselves at the door of Congress and ask to be readmitted into that body. Of those Southern applicants for admission into Congress nearly all of them are traitors and rebels. Once admit them and the old role will be re-enacted. Amalgamating with the "copperheads" of the North, they will soon control Congress, and again mount to political power. And so the war will have been fought in vain. There can be no question that there is a show of reason in thin argument men who have once proved themselves traitors cannot complain if the people refuse to trust them a second time. If the pardoned rebels of the South are again permitted to take their places among the law-makers of the Re public, what security have the people against a repe tition of those crimes which have deluged the land with blood ? And so, is Mr. Thaddeus Stevens unreasonable when he declares that the States lately in rebellion ought never to be counted as valid States " until the Constitution shall have been so amended as to secure a perpetual ascendancy to the party of the Union, and so as to render Repub lican government firm and stable forever ?" The position of President Johnson is, however, more popular, if not more reasonable, than that of the Radicals in Congress. He believes that the Southerners, having laid down their arms and renewed their allegiance to the Government, should have their political status in the Union restored, not as a matter of right exactly, but rather in pur suance of a policy of mercy and conciliation. In this belief he is sustained by General Grant, and by nearly all the respectability and intelligence of the country. General Grant, who has recently made a tour through the South, seems to place considerable reliance upon the Southern professions of loyalty and submission to the national authority. "I am satisfied (he says) that the mass of the thinking men of the South accept the present situation of affairs in good faith. The questions which have heretofore divided the sentiments of the people of the two sections—slavery and State rights, or the right of a State to secede from the Union—they regard as having been settled for ever by the highest tribunal (arms) that men can resort to. I was pleased to learn from the leading men whom I met that they not only accepted the decision arrived at as final, but now that the smoke of battle has cleared away, and time has been given for reflection, this decision has been a fortunate one for the whole country, they receiving the like benefits from it with those who opposed them in the field and in the council." We have no hesitation, then, in giving our un qualified adhesion to the reconstruction policy of President Johnson. The war was not waged to secure the ascendancy of any party, but to defend the Union against those who would destroy it. That Union is strong enough and powerful enough to defend itself against all assailants, whether they come from the North or the South. If the rebels have not seen the error of their ways, if they are not now willing to accept Without reser vation the generous forgiveness of their Govern ment, they ' are at least powerless to inflict further injury upon it. We believe they desire nothing more than that their great political error should be buried in oblivion, and that hereafter they will be found among the firmest and staunchest supporters of the national authority. But if the Government trusts them too far, it has always the means to defend itself. It has nothing to fear. It can afford to be generous. Monarchies, based ou aristocracy and in violation of public right, must put down rebellion with a strong hand—Republics, like that of the United States, have nothing to fear from an intelligent, patriotic, and Christian people. COUNTRY MARKETS , LIVERPOOL. -FRIDAY. At to-day's market there was a limited attendance, and in wheat a decline of id to 2d per cental took place. Flour neglected, and about 6d per sack lower. Oats and oatmeal quiet. Beans, peas, and other articles unchanged. RIPON-FRIDAY. A moderate supply of wheat on offer, with a good de; mand, especially for the b es t- con diti one d wheats an barley. DERBY-FRIDAY. New white wheat, 50s to 54s ; old red, 50s to 53s per 3 6 stone. Barley for malting, 35s to 40s per qr. ; grindingt 26s to 28s per 30 stone. Oats, new, 22s to 265; old, 28s to 30s per 24 stone. Beans, old, 50s to 525; new, 45s to 5 04 per 38 stone. WAKEFIELD. —FRIDAY. Wheat trade dull ; old rather lower ; new 1s cheaper, and difficult to quit. In barley no change. Beans in favollt of buyers. Averages, January I—Wheat, 606 qrs, at 458 Si c ; barley, 686 at 37s 10Id ; oa t s, 150 , at 26s Ild. STAMFORD.-FRIDAY. Old white wheat, 50s to 53s ; red do. 46s to 50s per 3 6 stone. Barley, malting, 34s to 37s ; grinding, 28s to 3 29 per qr. Oats, new, 24s to 28s; old, 25s to 27s per 24 stoliet Beans, 44s to 50s per 38 stone. Peas as of late. LINCOLN.—FRIDAY. New white wheat, Ms to 58s - ; new red, 42s to 49s per 3 6 stone. Barley for malting, 34s to 42s per qr ; 31s to 33s per 30 stone. Oats, 24s to 325. Beans, 430 to 51s per 38 stone. BURY ST. EDMUND'S—WEDNESDAY. The supply of ne w w h eat here to-day was very s,-() rt ti but tilat of old was more plentiful, and prices for each so' must be quoted with ou t a lt erat i on. Only a few samples of prime barley were offerin g , an d th ere was a decided fall ing off in the supply of secondary sorts compared with 00 past few weeks, but no advance in value. White wheat, 53s to 555; red ditto, 45s to 478; barleys 37s to 40s ; secondary ditto, 30s to 32s p er qr . .iverages :—Wheat, 1,127 qrs, 43s lld ; barley, 3,2 9 qrs., 318 10d ; oats, qrs, Os Od. ----- BRISTOL SUGAR.—FRIDAY. The demand h as b een very dull during the week, tuld a only a few par ce l s of West India, on the spot, have foun d buyers, at p r i ces showing a decline in value of fully 6d pe r cwt. Refined goods are in fair demand at full prices. COAL MARKET. Price per ton at the close of the market. d s. d. g. Hastings Hartley l6 9 R usse ll' s H etton Carway and Duffryn South Hetton Malting 24 0 Cassop Hartlepool Hetton l9 0 South Kelloe Kelloe Ships at market, 17 ; sold, 15. Foreign Mail Packet List. MAILS DUE. Australia and New Zealand, via Southampton... —Jan. 18 ' Ditto, via Marseilles Jan. 12 ' Brazil and Cape Verde. by British packet Feb. 4 ' Ditto, by French packet Cape of Good Hope, Ascension, and St. Helena Jan. 21 ' China, Penang, and Singapore, via Sou hampton Jan. 18. Ditto, via Marseilles Jan. 27 Falkland Islands Gibraltar, via Southampton ..... Jan. 27. India (Calcutta), and Ceylon, via Southampton... Jan. 18 Ditto, via Mareeilles ............ . Jan. 2 7 India (Bombay), via Southampton. Jan. 11 ' Ditto, via Marseilles .......... Jan. 5 Mauritius, via Southampton ............ Jan it Ditto, via Marseilles Jan Newfoundland .......... ................. ..• Jan .l7 Portugal •• • • • ......... •• • • ..... .....Jan 4. Ditto, by private ship to Lisbon.. ...... . United Mates and British North America, by Bri tish packet ....... Ditto, by United St a t es packet, via Southamp ton • • ........... . .......... Ditto, via C0rk...... Ditto, by Canadian packet, via Londonderry Jan. 12 ; West Coast of Africa. M ade i ra, and Teneriffe Jau• West Indies and Pacific (except Bahamas, Cuba, and Mexico Jan. 13 Cuba and Mexico Jan. 29 ' Bahamas, via New 'York. Jan. 1 !" Bermuda, ditto Jan. 1' The Unita Italiana, the Mazzinian journal, 911 . nounces that it is about to resume its publication, Wh jic had been suspended for want of funds. 0; LADTERTlsEmENT.]—Holloway's Ointment.— .4 1 Turn o way you will, go where you please, persons will be {o 0 t who have a ready word of praise for this ointment. v chaps, chafes, scalds, bruis es , an d sprains, it is an ino i it able remedy ; for bad legs, caused by cold or accidenty may be confidently r e li e d upon for effecting a sound permanent cure. In cases of swelled ankles, gout, a. rheumatism, Holloway's ointment gives the greatest O t i i . fort by reducing the inflammation, cooling the blood, s o9 oe ing the nerves, adjustin g th e circulation, and expelling of y nursery. This o i n t ment should have a place in e v ic h It will cure the long list of skin affections originate in childh oo d, and gain strength with the 0111 growth. Births. a BAKER.—On the 3d i ns t., a t Cli fton, Mrs. W. Kr-fi ci Baker, of a daughter. 10' DOWNING.—On the 3d inst., at Bow, Mrs. Joseph DoWP of a son. CURREE.—On the 3d inst., at I nverness, the wife o f Ch Currie, Esq., Bengal C.S., of a son. Marriages. BISIIOP—OSBORNE.—On the 4th inst., at St. Cross Cht l 4 t; Winchester, Geo. Bi s h op, Esq., of Wimborne, Dc: o r i e o; late of Toronto, Carmelo, West, to Jane, only daughw Geo. Osborne, Esq., of the former place. De, HAYNE —PICKERING.—O n th e 4th i ns t., a t St. Tha l ,' D el Lymington, Hants, the Rev. Dr. Leight on G eo . g a l ft te of Oxford, to-Agnes Louisa, eldest daughter o f the Major-General W. H. Pickering, R.A. Deaths.f COOPER.-011 the 4th inst., Mr. F. Cooper, of the fl'eci Walton Cooper, of Limehou se , an d W oo l w ich, g' 41 GRIFFIN.— On the 4th inst., at B a tt ersea-square, Mr. v T 3l egi Griffin, aged 75. r to o / LoosEmoux.—On the 3d inst., at St. Peter-street, Tisre - John Loosemore, solicitor, aged 71. ROBERTS.—On the 3d inst., Grove Park Liverpool, Roberts, Esq., aged 69. ifie SYKES.— On the I s t i ns t. , at hi s seat, Irenhursi, Dlay county of Sussex, Sir F. Sykes, Bart., aged 43. c. , 400 0, SISSON.—On the 4th i ns t., at R e i gate, Surrey, A. '- Esq., surgeon, aged 57. Loudon : Printed and Pubnehed by WIL LIAR A.N:t l9 of No. 112, Strand, Ptinter, at Tuz. Sun Otilee,, , 0 Strand, in the Precinct o f t h e Savoy, in the . nty Mitcliceci4-13itturday, January 6,1866. Vol etas th e dot 1:1P e ann alai cien any site d (WTI ity as , Ohi4 e,tu P brit v to ' abort 4 1 , Viral erect, 11~