The Sun. — London, England, 1870-07-21 00:00:00

MONETARY REPORTS .- YESTERDAY. ESTERDAY. The refusal of France to accept the mediation of Eng land, on the ground that existing circumstances do not come within the scope of the Treaty of 1856, has effec tually removed all hopes of a peaceful solution of the dispute between France and Prussia, at least, for the present. Henceforth the sword will be the arbiter of their quarrel, and the commencement of actual hostilities is hourly expected. As the rejection of our proffered mediation was expected, no effect has been produced on the Stock Exchange. There, there has been an almost entire suspension of business. Stagnation has been everywhere apparent, and the actual business concluded has been very moderate. Dealers are still heavily supplied with all descriptions of speculative stocks, and as, although purchases on the part of the public have been made, they have been far too insignificant to neutralise, or even in the remotest degree affect, the depreciation resulting from the recent enormous sales, There has been no repetition of the panic to-day, owing to the absence of all rumours likely to suggest further complications in Continental political affairs. At the close of business a rather better feel ing prevailed, in consequence of some bona fide transactions for investment. Prices of all securities have now reached a very low level, and offer a heavy remuneration to the investor. As it is daily becoming more certain that the war will be localised to France and Prussia, it is difficult to understand why the stocks of neighbouring countries should be depreciated to the eitent they are at the present moment. Doubtless the existing depression has been considerably intensified by the closing of the late Sir R. Harvey's account, thereby throwing further heavy sup plies on the market. So soon as the approaching accounts shall have been satisfactorily arranged it is believed that a better feeling will gradually supervene. The consol market has been unsettled. At one time the price fell to 89k, but at the close it recovered to 89k, 89g for delivery, and the account. Reduced and New Three per Cents. 89i, 89. 2 ; bank stock 233, 235 ; Indian 5 per cents. have been done at 1101, 111; and India bonds at 20s. to 265. prem. Although much depression was apparent in the market for foreign bonds during the earlier hours, the tone at the close was more favourable, and there was a slight tendency to recovery. Spanish (1869) have been done as low as 22k, but the price rallied at the close to 23k, 24. the 1867 being quoted the same. Italian, 44, 45 ; Turkish Five per Cents. 35k, 36 ; Egyptian, 66, 67 ; United States Five-twenty bonds, 80, 8L The market for English Railway stocks has continued depressed, but prices do not close at their worst. North- Eastern have been done as low as 125, but close at 129, 130. Metropolitan stock is quoted at 67, 68 ; Great Eastern, at 31i, 32k ; Midland, at 121, 122 ; North- Western, 1201, 1211 ; Great Western, 63, 64. The changes in prices are as follow :—A fall of 1 in Great Eastern and North Western, of 2 in Midland, of in Brighton, and of in Metropolitan, Caledonian, Great Eastern and North-Eastern. In Indian Railway Stocks the demand has been inactive at the late decline. Canadian Shares have been dull, and there has been very little inquiry for foreign. Lombards have fallen 1. Bank shares have been in limited request. Bank of Egypt have fallen 2, Imperial Ottoman 1, and Union of London j. Telegraph shares have been depressed. Anglo-Mediter ranean have fallen 1, Falmouth / ; and French Cables, 1; but West India and Panama have been* better. Miscellaneous securities have been flat. General Credit have fallen 1 ; India Rubber,l ; London General Omnibus, ; and Telegraph Construction, +. Biddings for £400,000 in bills on India have taken place at the Bank. The amounts allotted have been—to Calcutta, £97,500; to Bombay, £100,000; and to Madras, £2,500. The minimum was fixed at Is. 10+d• on Calcutta and Madras, and tenders at that quotation will receive about 18 per cent,. above in full. Tenders on Bombay at Is. Did. will receive in full. The sum of £140,000 has been withdrawn from the Bank to-day for shipment to Germany. The Maine, from New York, has brought £7,000 in specie. -It is understood that the Prussian Government have issued notices to the French merchant shipping at present lying in the rivers and harbours of North Germany, granting them six weeks to land and discharge their cargoes. Messrs. Rucker, Offor, and Co. report that the Ros tock vessel Presto, loaded at Rouen and . ready to sail to Odessa, has been seized by the French authorities at the former port, and the crew imprisoned. - , Telegrams from Sunderland state that the Harraton (s.s.), from Hamburg, reports that the Schaarhar Beacon was burnt down on Monday morning. Twenty-two steam vessels running between Sunderland and the North Ger man ports are laid off through the war. In the discount market there has been a continuance of firmness. Capital has not been plentiful, it being with held in anticipation of a rise in the efficial minimum. Three months' paper has in no case been taken under 3 per cent. The Magellan has arrived at Lisbon from South America with £2,000 in specie. At a meeting of the London and Westminster Bank it was shewn that, after making provision for all bad and doubtful debts, paying the Income-tax, setting apart £2,000 towards the buildings of the bank, the net profits for the last half-year amount to £175,528 18s. 4d. This sum, added to £7,503 7s. 10d., the unappropriated balance of the preceding half-war, will amount to £183,032 6s. 2d. A dividend was declared at the rate of six per cent. per annum, and by way of further dividend out of the profits, a bonus of 6 per cent. upon the paid-up capital of £2,000,000. After these pay ments are made, there will remain £3,032 6s. 2d., which the directors have carried to profit and loss account for the current half-year. At a meeting of the Fore-street Warehouse Company, the directors report was adopted and a dividend at the rate of 10 per cent. per annum was declared. At a meeting of the National Discount Company, a dividend at the rate of 16 per cent. annum was declared. At a meeting of the Mutual Life Assurance Society, it was stated that the new business for the past year had consisted of 297 policies, assuring £160,444, at annual premiums amounting to £6,038 19s. 2d. The claims on 57 policies amounted to £33,348, the bonuses theron to £9,866, together £43,214. This amount is £24,000 less than that paid in 1867, and £21,000 less than that paid in 1868. It is also £13,000 less than the esti mated rate of mortality. The accumulated fund is £690,157155. sd, £47,860 having been in the past year saved from an income of £lOl,BOO. Ten years ago the accumulated fund was £352,798. LONDON STOCK EXCHANGE.-WEDNESDAY. LATEST PRICES.-AFTER OFFICIAL HOURS. The prices under the lines indicate the business done. GOVERNMENT SECURITIES. Three per Cent Consols 894 891 Brazilian, 1865. 5p c .... 84 86 894, 84, 91 9, f 841, 7,5, 6, 51 Do for Account 891, 4, 81, 9 65 , 7 4 , 4,5, 34, 6 4 , 54 x d Three per Cent Reduced 894 894 Do Rail Deben 7 p .. 89 91 894, 911 90 New 3 per Cent 891, 2, 9 ,1 444, 31 Exchequer Bills, March ls, 6spm Peruvian, 1865, 5p c Do, June ls, 68 pm 83, 2,45, 2, 4 Bank Stock 232, 3 25,46 India 5 per Cents llOllll Russian, 1866, 5 p c.. .. 84 89 1101, /I 1, 4 India Bonds 2ls, 26spni Do Nicolas 4p c Can 6p cJan&JulylB77-8 1 100 103 62 100, 101 Spanish, 1867, 3pc Do March 8c Sept. 103 105 224 31, 3, 4 Do 5p c Jan & July .. 93 95 Do, 1869, 3p c Do Inscribed Stock .. 93 95 234, 24, 31, 24, 34 Dom of Can 5p c 1903 .. 94 96 Turkish. 1854, 6p c 7B 82 95 Do, 1865, 5 p c Ceylon 6 p c May and 364, 5,6, 5, 7 November 1878 lO7 109 Do, 1865, 6p c Mauritius 6 p c Jan and 53 July 1873 lOl 103 11. S. 5-20 Bonds, 6p c 1882 80 81 New 14 Wales 5 p clB7l-76 99 101 801, 78, 94, 9, 804. 7?) do 1885 791 80i New Zealand 6 p c 1891 lO7 109 Do Do spc Do 5p c Consolidated 95 97 Do 10-40Bnds, 5p c 1901 77 79 971, 6,1, 5 792 Do 6p c Mar & Sept 1891 107 110 Erie Sha, 100 dole, all paid 144 157 Do June & Dec 1891 105 108 15, 13 2-9 Vict 6pc Jan & July 1891 110 112 Illinois Central Shares .. 97 99 DoApril & Oct 1883-85 lOB 110 95, 84 108, 94 Vict 5p c Jan &July 1891. 97 100 Atlantic and GW R Con 19 21 Mortgae Bonds 18, 174 RAILWAYS. Bristol and Exeter B3 85 Grand Trunk of Canada 83 2nd Pref Stock Caledonian 73 21 Do 3rd Pref Stock . ... 33 35 Great Eastern 32, 1 n 4th Pref Stock Great Northern 116 1031, 4,1, 3, I Do A 122 123 Great Western of Canada 131 141 1211, 31 14, 131, 14 Great Western 63 64 Do 6 p c Bonds, 1873.. 98 100 64/, 3, 1. 2 , i Do 51 do, 1877-8 96 98 Lancashire & Yorkshire 126 128 Do 5 p c pref, issued 80 3 4 pm 128, 9 Madras guar 5 p c Lon, Brigh, and S Coast 361 371 N. Railway of Canada, 37, 8 6 p c Ist Prof Bonds Lon, Chat and Dover .. 131 141 Oude and Rohilkund g 13i 5 p c Lon and North-Western 12011211 102 k, 1221, 191, 21, 20, 21 Scinde, Punjaub, and Lon and South-Western 88 83 Delhi guar 5 t i e r= lO2 104 Man, Shef, and Lincol n 40 42 103, 2, Metropolitan 67, 64, 74, 64 g 7 p o Midland l2l 122 171. 17, 161 123, 1,2, 23, 14 Belgian E Junction —.. 14 2 North British North-Eastern Consols 129 130 241 130, 26, 8,7, 8 Dunaburg and Witepsk 161 171 South-Eastern 67 68 • 7/ 681 Dutch-Rhenish lB 21 Atlantic and St Lawrnce 77 80 Eastern of France 2ll 22,1 Bombay, Baroda, and Great Luxembourg Central India, g 5 p c.. 103 105 Lemberg Czernowitz gua 1031, 3 21, 34 7 p c l4 15 Buff & Lake Huron Pref 4 5 94 Do 51 p c Bonds, 1872-3-4 80 83 Northern of France . 42 43 Cape guar 6p c East Bengal guar 5p o lO4 106 Recife and San Francisco East Indian, g 5 p c 105, 61, 6 San Paulo (L) guar 7p c 191 20! Grand Trunk Canada Do Equip Mort Bnds, 1 124, 134 charge 6p c Do 2nd do Scrip Do Ist Pref Bonds 59 THE SCN, LONDON, THURSDAY MORNING, J LILY 21, 1870. BANKING COMPANIES. Pd Pd 10 Agra Bank (L) A lO 10/ 20 Lon Char of Austrlia 23 24 25 Alliance (L) 13k, 12/ 20 London and County 50 51 10 Anglo-Austrian .. 57 pm 50 20 Anglo-Egyptian (L) 21 23 15 London Joint-Stock 31 33 50 British N American 53 55 20 Lon and Westmnster 60 62 20 Ch of India, Austrlia 16 17 60 25 Char Mere of India 28 30 10 Metropolitan Bl 9/ 10 City 12 20 New South Wales .. 37 39 25 Colonial 4 Consolidated (L) 41 25 Union of Australia.. 39 41 20 Eng, Scot, and AusC 17 18 15 Union of London .. 35/ 36/ 20 Imperial IL) 10 Imperial Ottoman 101, 1 TELEGRAPH COMPANIES. Pd Pd 1 700 Anglo-American L) 80 85 10 Great Northern .... ni l 11 80 791 10 Anglo-Meditrn (L) l3f 14 6 G r eat N. China, and 14, 131 Japan Extension.. 32f dis 100 Atlantic ll 13 25 Indo-European (L).. 13 17 11 10 Marseilles, Algiers, 100 Do 8p c 3 British Australn (L).. 431, dis 10 Mediterrn Ex (L) .. 5f 61 10 British Ind Exten (L) 4f 51 2i Puma and S. Pcfc(L) 3 2 dis a 8 Reuter's 10 British Indian Sub- 20 Soc Trans France (L) 14* 14f marine (L) 6/, 7. 6/ 100 Submarine 240 230 2 China Submarine (L) 41 3fdis 1 Do Scrip 24 21 10 Falmouth, Gibraltar, 10 Wlndia Sr Panama(L) 6f 7 and Malta (L) .... 8 84 61 81 - , 1 MISCELLANEOUS SECURITIES. Pd Pd Anglo-Austrian Bud- 30 London Fin Assoc (L)191181dis holders' (Certificates 11 21 101 10 BerlinWaterworks(L) 13 14 4 Lon Gen Omnibus .. ~24 21 30 Bolckow-Vaughan (L) 35 45pm 2} 100 Boston City (18 S.) 5 2 Lon & Prov Marine (L) 4 4pm p c Sterling Loan.. 88 90 100 Madras Irrig & Canal, 4 Brit & Fgn Marine (L) 21 24pm g 5 p c by Ind Gov. 101 103 27 Canada Company.... 75 78 2 Mauritius Land (L)..1 dis, par 10 Ceylon Company (L) 5 4 dis 5 Natnl Disct Comp (L) 101 111 r 35 City Offices (L) .... 251 241 dis 101 10 1, i 21 N Zealand Loan and 20 Colonial (L) 5 Com Union Assurnce 24 2pm 5 N Zealand Loan and 10 Crdt Fonc of E ng (L) 11 - 21 Trust (L) 2 61 N Britsh and Mere (L) 28 30 100 Crystal Palace 100 Do Pref 100 Do 6p c Perp Deb_ 109 114 41, 40 271 Ebbw Vale Steel (L)..11 10 dis 10 Do do New, 1867 5 3dis 16 50 Rhymney Iron 100 Egyp 9 p eV'roy Loan, 15 Do New lO 101 guar by Egyp Gov.. 90 95 60 Royal Mail Steam 911, 89 20 Tel Con and Main (L) 224 224 13 Fore-st Warehouse (L)54 64 pm 234, 1, 24, 3,2, 4 10 Fgn and Colonial Gov 2 Thames and Mersey Trust 6p c Bonds.. 95 100 Marine Insur (L) 89 St Tobacco 6 p c Loan, 71 Gen Credt & Disct (L) 4 4 dis guar by Italian Gov. 74, 4, 6 4 5 Trust and Loan Co of 14 Gen Stm Navigation 29 31 Upper Canada 7 Hooper's Tel Works 31 21 die 5 U Marine, Lvpoo l 6(L) 51 pm 20 Hudson's Bay 9, 81 6 United Die Corprn (L) ldis, par 45Indrbbr,Gut Per, and 5 ITnivMarine Insur t 1.% 441 pm Tel Works (L) ... 42 43 194 42f, 3. 404, 24, 401 100 Viceroy of Egypt 7 p a 20 InternlFinan Soca.) 24 14dis Mortgage Loan.... 67 72 It Irrig (Can Cavour) 3 4 67, 72 100 Do 6p c Bonds, re- 12 Warrant Finance.... 9 7 die deemaBle 1870 _ 65 67 MINING SHARE LIST.-JULY 20. Messrs. WATSON BROTHERS. Mining Offices, 1, St. Michael's Alley, Cornhill, London Market continues very dull. In almost every case prices aro nominal. Australian United, 11, Bwlch Consols, Bronfloyd, Chiverton Moor, Chiverton Valley, Cook's Kitchen, Chontalea (Gold), 12a 6d, 17s 6d Drakewalls, li, 11 Dolcoath, 120, 125 Don Pedro North Del Rey, East Bassett, East Caradon, 41, 5 East Lovell, 28, 30 East Wheal Grenville, 3, 31 Frontino and Bolivia (Gold), Prince of Wales, lb, 16s Providence Mines, Rosewall Hill and Ransoms United, 20s, 25s South Frances, 25, 30 Tankerville. 15k. 16 Tincroft, 271, 30 Tan-yr-Allt, Taquaril (Gold). Trumpet Consols. Van, 71, 73 Van Consols, 21, 31 West Chiverton, 52, 54 West Frances, West Maria and Fortescue. 2, 21 West Drakewalls, West Caradon, West Panty Go. West Seton, 120, 125 Wheal Agar, Wheal Crebor, Wheal Grenville. 2, 21, Wheal Kitty, St. Agnes, Wheal Mary Ann, 9, 9} Wheal Seton, General Brazilian, Great Laxey Great Retallack, Great Wheal Vor, 9, 10 Hingston Down, Marke Valley, 7L n New Lovell, North Crofty, . Pacific, si, 7 MARKETS. LONDON CORN MARKET, WEDNESDAY.—AIthough the excitement in the grain trade has been less intense to-day, there has still been a considerabie amount of animation apparent, and the late advance has been fully maintained, the tendency being towards further improvement. Very few samples of English wheat have been on sale, and the arrivals from abroad have been limited. For all qualities the trade has been very firm, at fully the late advance. The supply of barley has been moderate. The demand has been steady at full quotations. Malt has been quiet, on former terms. Oats have been in request, at extreme currencies. Beans and peas have commanded fully late quotations. Flour has been firm in value and inquiry. Arrivals :—English and Scotch—wheat, 150 ; beans 30. Foreign—Wheat, 24,920 ; barley, 5,640 ; malt 850 ; oats, 21,180 ; maize, 7,600 ; peas, 3,820. Flour, 940 sacks, and 13,770 barrels. STOCKTON CORN MARKET, WEDNESDAY.—At this market to-day the supply of wheat from farmers was very small, which sold freely at 10s. to 12s. per quarter advance over last week's rates, Barley, oats, and beans were 3s. per qr. dearer. Flour advanced Bs. to 105. per sack. METROPOLITAN MEAT MARKET, WEDNESDAY.—The sup ply of meat on offer at the market to-day was small. The trade was firm, at enhanced currencies :—Beef, from 3s. 4d. to ss. ; mutton, 3s. Bd. to ss. 4d. ; lamb, ss. Bd. to 6s. 4d. ; veal, 4s. Bd. to ss. 4d.; and pork, 4s. to 6s. Bd. per 81bs. by the carcase. LEEDS CATTLE MARKET, WEDNESDAY• — There were at this market - to-day 600 fat cattle, and 3,300 sheep and lambs. The market ruled in favour of the buyers. Best beef, 7id. to 71d. per lb.; second quality, 67 d. to 7d. per lb. ; mutton, 71d. to 7/d. per lb. ; and lamb, Bd. per lb. A fair clearance was effected. SOUTHALL CATTLE MARKET, WEDNESDAY,—The supplies at this market to-day were rather heavier. The weather caused a falling off in the butchers' trade. Prices could not be ad vanced on last week's rates. WAKEFIELD CATTLE MARKET, WEDNESDAY.—There was not quite such a large show of stock at this market to-day as last week. Beef sold at a slight advance. Best mutton changed hands at last Wednesday's rates. There was only a limited de mand. Small pigs were offered at lower rates ; but larger pigs were held for former rates. LONDON TRADE REPORT, WEDNESDAY.--The tallow market closed quietly, at 465. for Y.C. on the spot, and 48s. to 48s. 6d. for last three months. Linseed oil, 31s. 3d. to 31s. 6d. London, and 31s. to 31s. 3d. Hull, spot ; last four months, 31s. English brown rape, 425. 9d, to 435„ spot ; September to December, 40s. 6d. ; refined, 445. 6d. to 455. COLONIAL PRODUCE MARKETS,WEDNESDAY.-War articles have commenced from to-day, but the transactions in the general market have not been extensive. Prices have been de pressed. Saltpetre has been in request, and a small parcel now landing has sold at 30s. Hemp remains very firm, at £34 for St. Petersburg clean. Coffee is very dull, and depressed in value, prices being Bs. to 14s. below the highest rates lately cur rent. Ceylon tinge, 395. to 445.; small to good middling, 465. to 675.; peaberry, 675. to 735. In rice the market has ruled moderately active, and values have continued firm. Siam has sold at Bs, 7fd. to Bs, 9d.; aad Neckranzie at 10s. 6d. per cwt. Cocoa.-The market continues very dull, and prices chew weak ness. Scarcely any business has been reported. Rum.-The demand has been fairly active, and yesterday's advance has been freely paid. Grain Spirits.-The price of British has been advanced 4d., making the price 12s. fid. per gallon, duty paid. German spirit has been advanced to is. 7d. in bond. Wool-Although the sales are still going very heavily-owing to the withdrawal of French and German buyers-a slight varia tion has taken place in prices. Sugar-The market has con tinued quiet, but the limited business transacted has been at yesterday's rates. Jamaica, 265. to 275. 6d. ; St. Kitt's, 275. 6d. ; St. Vincent, 245. 6d. to 265. ; St. Lucia, 255. 66„• Mauritius, 225. 6d. to 325. 13d. per cwt. Refined goods have ruled very inactive, at nominal currencies, LIVERPOOL COTTON MARKET, WEDNESDAY.-To-day this market closed with a better feeling, Sales 8,000 bales. Specu lation and export, 1,000 bales. Six thousand American bales sold at 7fd. to 10d.; fifty Pernambuco bales, 90 ' .. one hun dred Bahia bales, 91d. to 90. ; thirty Maranham bales, 10d. to 101 d. ; three hundred Egyptian bales, Bfd. to 141 d.; sixty Peru bales, 9d. to 9fd.; 1,460 Surat bales, 50. to 8&d. Imports -2,811 bales. MANCEEgSTER COTTON MAB,ET, WEDNESDAY.—Buyers still continue indisposed for business, hence our market is ex tremely quiet, with a steady, though much slower, decline in value than has taken place in the raw staple. Owing to the panic prevailing in the Liverpool Cotton Market, which has in no sense extended to this market, the small daily sales shew a decline certainly, but only a small one, hence the position of both spinners and manufacturers have nominally improved since the declaration of war. GLASGOW PIG IRON 3SAKET, WEDNESDAY.—The brokers decided to hold no market to-day, on account of the panio and failures. Mr. Holman Hunt is busy on a picture in the Holy Land ; he has just returned to ' Jerusalem from Nazareth. GENTLEMEN v. PLAYERS.—An exceedingly in teresting and exciting match at cricket was played out on Tuesday at Lord's between the Gentlemen and Players of England. The " Gentlemen " obtained in their two innings 274 runs. The players in their first innings 121, leaving 154 to be obtained to win. After a desperate struggle and much excellent play they were disposed of by the Gentlemen for 149, the latter thus winning by four runs. The excitement of the fashionable crowds who were present was surprising. TEE ORLEANS PRINCES.—The persistency with which the claims of the Orleanist family are being pressed in France must be prompted by a c onv i c ti on th at th e sons of Louis Philippe have numerous friends in the Legis lative Body, and numerous well-wishers among the people. As is well known the existing French Cabinet numbers one or two former members of the historical Orleanist Club, of the Rue de Poitiers, and the Emperor has for some time past exhibited a laudable readiness to listen to the -epresentations of the adherents of the dethroned dynasty. It is somewhat difficult to imagine, however, that anything in the shape of a restituti on o f property will ever be made. If the younger branch of the House of Bourbon is to be reinstated in its possessions, why not the elder and legitimate brAnch? And if retro spective justice once begins in France, why sh?uld it st o p short at the royal exiles? During the last eighty years there have been confiscations and evictions enough to require another eighty years to find legal methods for their redress.—New Y ork Times. LAW AND POLICE. LORD RANELAGH AND HIS TORMENTORS.-.-Joseph Gray, servant, 35, Palace-street, Pimlico, and Wm. Buckley, Lowndes-cottage, Lowndes-square, servant, were charged before Mr. Tyrwhitt, at the Marlborpugh-street Police Court, with behaving in a disorderly manner, and with being drunk ; and Gray was further charged with assault ing Lord Ranelagh, residing at No. 7, New Burlington street. Sergeant M`lienzie, 4C R, said that about one o'clock that morning he was on duty in the Regent-circus, Piccadilly, and saw the prisoners having an altercation with Lord Ranelagh, with a crowd of about 50 persons round them. His lordship complained of having been grossly insulted and assaulted, and he saw Gray in a fighting attitude in front of his lordship. Buckley pushed Gray aside, and placed himself in a fighting attitude, and aimed a blow at Lord Ranelagh. He (the sergeant) stopped the blow, and requested the prisoners to go away, and they refused, saying that they would see him and Lord Ranelagh -- first. He then took them into custody, Lord Ranelagh charging Gray with assault_ ing him. In answer to Mr. Tyrwhitt the sergeant said both prisoners had been drinking. Police-constable John Martin, 62 C, gave similar evid ence . L or d R an elagh said that shortly before one o'clock this morning he was cross ing from Waterloo-place to Regent-street, when the pri soners and another man passed him, and called out " There's Madame Rachel's man," and used other insult ing expressions, especially Gray. Some persons standing by said, " What blackguards you are," and an altercation then took place, which lasted ten minutes, every one's attention being drawn to him. He kept his temper, and begged Gray to go away, upon which he refused, saying he had as much right in the street as he had. He told Gray that he had, but that he had no right to annoy him. He then walked away, and the prisoners followed him, and he was afraid he would lose his temper, but several persons told him not to do so, as the prisoners were well-known characters, and he did not do so, having frequently been insulted about the Madame Rachel business before.y Gray then came up to him and said " I'll fight you. I don't care a - for you or any other lord. lam better than any of you," and put out his hand, scratching his nose. The police then came up, and he gave Gray into custody for assaulting him. He co sidered the prisoners' conduct very aggravating, as he mo ved away to avoid them. In reply to Gray, his lordship said he was not in company of two females. Gray said he did not know his lordship. Lord Ranelagh asked if that was the case why he spoke of Madame Rachel. Gray made no answer, and in reply to Mr. Tyzwhitt the prisoners said they were servants out of work. Mr. Tyrwhitt said that he had frequently noticed what a tur bulent set servants were. They were over fed, over paid, and ready to fall into any piece of mischief which came before them. He considered it a fortunate thing for families that such fellows were out of place. Such assaults, without any provocation, would always be punished as they deserved, and the prisoners would have to pay a fine of 25 each. INDECENT BATHING IN THE THAMES.—John Pretty, George Brett, and Henry Arthur Travers, three lads, were brought up at Westminster Police-court, charged with indecent bathing in the Thames. Inspector Coucher, of the Thames Police-court, said that at a quarter-past eight, last night, he saw the defendants in a boat off Cremorne, about 100 yards from the shore. They got in and out of the boat three or four times, and he pur sued and captured them. Mr. Arnold asked was there any one to complain about the indecent exposure ? The inspector replied in the negative. Mr. Arnold said if it was any offence it was one at common law, and pro ceedable only by indictment at the sessions. Inspector Prescott, T Division, said there were many complaints from this place. Mr. Arnold—They must have been using telescopes to witness anything indecent. He should ex tend the bail to next week, and if any one had been an noyed by these particular boys, his only course would be to send the case to the sessions. He was not going to punish these boys for an offence that some others had committed. There was no such offence as indecent bathing. THE WAR AND GERMAN DEBTORS.—A singular colla teral effect of the approaching struggle between France and Germany was brought under the notice of the Court of Bankruptcy, Mr. Registrar Pepys sitting as chief judge. A petition for liquidation having been filed by a debtor named Julius A. Ernst, merchant, of Wood-street, Cheapside, application was made for the appoint ment of a receiver, in order that the property, worth about £2,000, might be protected. Among the grounds on which the application was supported, it was urged that the debtor, being a German, was liable at any time to be called on by his sovereign to serve in the army now col lecting for the defence of his country ; and he was anxious, in such an eventuality, that his property should be secured for the benefit of his creditors. The court, acquiescing in the propriety of this course, appointed the gentleman recommended as receiver—Mr. R. Brett, accountant, of Leadenhall-street, who is also a German. ASSAULTING LORD RANELAGIL—Joseph Gray, servant, 35, Palace-street, Pimlico, and William Buckley, Lowndes Cottage, Lowndes-square, servant, were charged at Marl borough-street Police-court with behaving in a disorderly manner, and with being drunk, and Gray was further charged wit assaulting Lord Ranelagh. The noble lord said that shortly before one o'clock in the morning he was crossing from Waterloo-place to Regent-street, when the prisoner and another man passed him and called out • There's Madame Rachel's man," and used other insulting expressions. He walked away, and the prisoner followed him. Gray then came up to him and. said, " I'll fight you. I don't care a-- for you you or any other lord. I am better than any of you," and put out his hand, scratching his rose. The -police then came up, and he gave Gray into custody. Gray said he did not know his lordship. Mr. Tyrwhitt said that such assaults, without any provocation, would always be punished as they de served, and the prisoners would have to pay a fine of £5 each, or two months. ARREST OF A SHIPOWNER.-At the Mansion House John Fitzgerald, a master mariner, was brought up on rethand before the Lord Mayor, charged with being con cerned with another man not in custody in scuttling a vessel called the Admiral Napier. The alleged •offence was committed in the beginning of June, insurances having been previously effected in the Azicuda Assur ance Office and at Lloyd's. On the last occasion a warrant was issued against Hector Gillies, the owner of the ship, and although the detective officers had had to go to the Island of Syke, a three days' journey, they had suc ceeded in arresting him, and according to a telegram re ceived by Mr. Lewis, the solicitor for the prosecution, he would arrive in London that night. Gillies was, said Mr. Lewis, probably the more guilty of the two, and he would be placed by the side of Fitzgerald in the dock.— Undei the circumstances it was arranged that the case should be taken on Friday, and Mr. Lewis said he should have to open the charge against the owners at some length. A WIDOW PROSECUTED BY HER HUSBAND'S REPRE SENTATIVES.—In the Court of Vice-Chancellor Bacon on. Wednesday, the cause of Hovenden v. Lloyd was inves tigated, and it was a very peculiar one. Mr. Lloyd, a Metropolitan perfumer, lived unhappily with his wife, and obtained by a petition to the Divorce Court a judicial separation, on condition that he should make a certain allowance as alimony. Mrs. Lloyd being thus left to a certain extent, dependent upon her own exertions, also commenced a perfumery business in another part of London, and did a considerable trade in various articles, with respeet to which her husband had acquired some repute. No objection was raised to this until the death of the husband, whose re presentatives, however, now sought to restrain the widow on the ground that their business was seriously in jured in consequence of her using labels of the same form as those of the husband. The Vice-Chancellor strongly condemned the proceedings, and dismissed the bill with costs, on the ground that the acquiescence of the hus band left his representatives without any locus standi. THE ESTATES OF SIR R. CLIFTON, BART. —Lordßomilly delivered judgment in the matter of a petition which had been presented for the purpose of having the residue of £7,000 upon the life estate of Sir R. Clifton, Bart., di vided among several mortgages according to their priority. His lordship stated that Colonel Hayworth was appointed to receive the rents and profits of the estate, as well as the interest accruing from £3,500 Three per Cent. Consols, and the dividend upon £40,400 in trust in the cause; and it had been directed by previous decrees that this money should be appropriated by the receiver to passing his accounts, his first duty being to pay premiums upon policies of insurance, the residue being paid in such a manner as might be directed by the court. It was impossible to say that the former decrees were in tended for the benefit of the mortgagees, who would, therefore not derive any advantage from the estate until the remaining interests had been settled. The prayer of the petitioner, Mr, Wintour, that the sum of £2,747 which had been paid by the receiver into court, and stood to the account of the life estate, might be applied to the liquida tion of the amount due upon his security, could not be acceded to. CHARGE OF SEDUCTION AGAINST A MINISTER.-At the Worcester Assizes on Monday, before Mr. Justice Mellor, the case of "Davis v, Gray "came on for hearing. Mr. Huddleston, Q.C., with Mr. J. 0. Griffits, appeared for the plaintiff; and Mr. Powell, Q.C., with Mr. Motteram, for the defendant. The declaration stated that the defendant debauched and criminally knew the plaintiff's daughter, whereby she became pregnant, and the plaintiff lost her services, for which he claimed damages, and to which the defendant pleaded not guilty, and denied the truth of the allegation. The cause was heard before a special jury. In opening the case Mr. Huddleston stated that the plaintiff was a man of advanced years, who had worked as a fish-hook maker for forty years for Messrs. Hemming and Co., Redditch, and he had earned the respect and esteem alike of his master and his neighbours. He had reared six daughters, with great respectability, of whom one—and indeed he might say two—was the subject of this action. His daughters, Margaret and Rebecca, were aged respec tively 24 and 26 years of age. Plaintiff himself was a member of the Congregational Church, at Redditch, and his daughters assisted in the Sunday school, and the various offices usually performed by the ladies of a con gregation. Henry David Gray, the defendant, was, he was sorry to say, a married man, and he was the minister of the Congregational Chapel. He had re cently undertaken the duties of that chapel, and he seems to have been a person who had acquired a con siderable influence over the female portion of the congre gation—an influence which very often the very position of a minister gave. They would find that early in the painful narrative the defendant began his insidious attack upon the virtue of this hitherto respectable girl, and he seemed to have approached her with some of those phrases of sanctity which would almost to them—knowing his object, seem simply blasphemous. Defendant appeared to have made a deliberate scheme of seduction ; to have commenced by exercising a species of pastoral and religious influence upon her mind, and gradually to have worked into the sensual feelings of the girl, step by step undermining her chastity . whilst occupying the position of her spiritual counsellor. Mr. Huddleston then narrated the facts of the case, particularly referring to the conduct of the defendant in working upon the affections of his victim to induce her to obtain for him a sum of .£3O from a young man she was engaged to, and to the miserable cowardice and wantonness displayed by the de fendant when he found Miss Davis was pregnant, in en deavouring to induce her to lay the blame upon her lover, her brother-in-law, and others. The defendant subse quently attempted to pursue a similar line of conduct with reference to the second daughter.—The jury could not agree, and were discharged. THE BRIDGE OF KEHL. The bridge of Kehl no longer offers the amusing spec tacle it formerly presented. The sentinels who mounted guard at each end of it are no longer in . ther places. It was curious to watch them pacing up and down their own share of the bridge. A line traced across showed the precise spot which neither might pass ; and so the two marched along—the one with the vivacity of the French man, the other with the placidity and phlegm which be long to the German. The sentinels often met in the middle of the bridge ; the Frenchman looked at the Prus sian, and the Prussian looked at the Frenchman, and each, without saying a word, retraced his steps. Indeed, there is no example of these slaves to discipline having ever offered each other a pinch of snuff. One evening last year, says a French paper, the Prussian sentinel was sud denly heard calling, To arms !" The frightened by standers ran up and found that the French sentinel had accidentally placed his foot beyond the line of demarcation, and thus invaded Prussian territory.—Pall Mall Gazette. IRISH SYMPATHY WITH FRANCE. Many of the loyal and peaceable citizens of Dublin were no doubt astonished on Tuesday night when they found the. appeal for a show of sympathy with France, issued by the Nationalists, so largely responded to as it was. Great, however, as the mob were who surrounded the French consul's house, and hearty as their shouts of " God save France and Ireland " may have been, the demonstration must not be considered as exhibiting the views of the citizens proper of the Irish metropolis. The so-called National Party there —or, as they are better known, the Fenian Amnesty Party— have at their command a standing body of processionists, and a certain number of bands, whose appearance in the streets is now looked forward to as a matter of course, whenever a show of patriotism or sympathy, with those in prison, can possibly be made. There is, however, in every Irish heart, whose memory is keen upon the subject, a feeling of gratitude towards the French for the effort they made in 1798 to assist the Irish rebels to throw off the English yoke. From the 28th of August to the Bth of September, in the year of the Irish rebellion, the French Auxiliaries were the cause of great trouble to the English Generals in Ireland ; and although they were happily vanquished on the two occasions that they rose in open war against the Royal soldiers, the memory of their work at Castle-bar and at Ballinamuck on behalf of Ire land, in many a breast is still unforgotten. It is quite possible that the bands of men and women who diverted themselves in Dublin on Tuesday, seized the opportunity of chewing sympathy with France, more for the sake of the procession and the pleasure it gave them, to exhibit unity of purpose in a large body of the people, than for other reasons ; but it is quite certain that the remembrance of the French aid tendered in 1798 first prompted the demonstration. " The French are on the sea," said the Shan van Voght in the old time. A section of the lovers of the Shan van Voght now think that it will give the French some plea sure to know that at least the prayers of the Irish for their success are with them " on the sea " at this crisis. The Pall-Mall Gazette says :—" A correspondent writes that popular sympathy in Dublin is with the French, though not from any considerations arising out of the negotiations between the King of Prussia and the French Ambassador. France has, always to the Irish public mind, represented almost exclusively the valour of the Continent ; and the general belief here is that the Em peror will have a series of triumphs. Among the better informed, however, there are many strong partisans of Prussia, and believers in the superior capacity of her generals. The Germans resident m Dublin betray con siderable excitement, and are amongst the most earnest besiegers of the newspaper offices for " late editions" and " special telegrams." An extraordinary rumour, credit able to the inventive powers of somebody, has run through Dublin that James Stephens, the original " head centre," who has of late lived in Paris; has held a meeting of the " exiles" in that city, and at their instance under taken to supply the Emperor with a formidable contin gent .of fighting Fenians, of whom Ireland would have a happy riddance. COMIC PAPERS. (From Punch.) A DUEL TO THE DEATH. —France (to Britannia, inter vening between her and Prussia) : "Pray stand back, madam. You mean well ; but this is an old family quar rel, and we must fight it out /" NOT MORE FREE THAN WELCOME.—" A free breakfast table 1" sighed Mr. Punch, as he laid down his newspaper and chipped his second egg, " Ah, that will be when one is free to eat one's breakfast without having to wade through a parliamentary debate !" AN AMERICAN EXAMPLE.—An American correspondent of the Times says that "the income-tax is doomed," the Senate having stricken by a decided vote all the sec tions providing for its collection out of the Tax Bill." The provisions for the collection of the income tax in the United States must have been very cleverly contrived if they in any measure answered their purpose. Fancy a Yankee confessing the amount of his income in order to have it taxed. The machinery required to make him do that must, one would think, be of a material nature. How mnch conscience money, on an average, is the Ame rican Finance Minister accustomed to receive in the course of the year ? (Fain, Fun. ) A-ROVSBY THEN, MY MERRY, MERRY MEN !—On Friday, the 22nd instant, Mrs. Rousby, who has so long charmed the town with her impersonation of Elizabeth in " 'Twixt Axe and Crown," will take her benefit. There will be lots of crowns, doubtless, and no need for axin'. INN-DEED - Irate Hibernian : " Walther ! Thim pitatees isn't rhiddy !" Waiter : " Very sorry, sir. Cook's been a-b:ilin' - ern these two hours." I. H.: " Two hours, is it ? Faix, it's cold watter she's been bhilin"em in thin 1" HANG IT ALL !—This is a case of "locking the stable door," etc. :—" A Missouri tewn is raising money to buy a tombstone for a man hanged for horse-stealing, who has been found innocent." This comes rather too late. They should have suspended their judgment instead of the prisoner. Of course the proposed stone will take the form of a lsaltar-tomb. SHEWING HIM THE DOOR ; or, what must be the next Deputation to the Board of Works.—Mr. Gladstone to Mr. Ayrton (John Bull and Fun looking on) : "As these gentlemen assure me• that, with all their regard for my Ministry, they cannot support it and bear you, you had better try to improve your knowledge of art by studying the outside of this door." TURF REFORM.—Bell's Life is given to understand that Mr. T. Hughes has withdrawn his bill relative to Turf reform until the ensuing session. The Duke of Cambridge, as Field Marshal Com manding-in-Chief, held a levee on Tuesday afternoon at the Horse Guards. Nearly 130 officers attended. The improvement in the health of the Venerable Archdeacon Hale, mentioned a few days ago, still con tinues. THE INDO-EUROPEAN TELEGRAPH.—A steamer, chartered by Messrs. Siemens, filled with telegraphic apparatus for the repair of submarine cables, has left Kertsch to repair the submarine cable of the Indo-Euro pean Telegraph Company, which has been broken in the Black Sea. PRINCE NAPOLEON.—Prince Napoleon arrived off Aberdeen on Tuesday evening, and having received news papers and landed the persons engaged at Peterhead for the expedition to the North, he sailed shortly afterwards in his yacht for France. He has returned in consequence of having received telegrams while in Norway. TEE ROYAL WESTERN YACHT °MM.—This annual regatta commenced on Tuesday at Plymouth. A prize of £lOO was sailed for by cutters and yawls of thirty tons and upwards, carrying the Admiralty warrant. The first prize was won by the Fiona, beating the Rose of Devon, the Bird, and the Vindex. The owner of the Rose of Devon has, however, protested against the Fiona for not leaving the starting vessel on the port hand. The. Rose of Devon car ried away her topmast after rounding the western mark vessel on the third round. A piece of plate presented by the tradesmen of the club was won by the Ida over the Proserpine, the latter yacht having lost her topmast and gaff during the match. ADVICE FOIL HOT DAYS. Idolatry of the ther mometer is foolish. The eager curiosity of most people to know its variations in the very hot weather, collecting a cro'wd in Broadway, under the full blaze of the sun, to study the weather bulletin of the Western Union Telegraph Company, sets the imagination working, and disposes the system to succumb more readily to the heat. To prohibit by law the sale or exhibition of thermometers during a hot spell would be, perhaps, an unwarrantable stretch of authority, but the wise man who possesses one will lock it up when the dog star rises, and steadily refuse to look at it until the setting of the same. The moment we see that the mercury is above 90 we begin to feel the heat ten times more than ever. In fact, watch the thermometer, and you need never expect to be cool. The best way is to go about your business, if you have any, and pay no attention to the heat.—New York Times. SILVER FROM CANADA.—The New Dominion on our northern frontier, in addition to the many other grievances that have vexed her young life ever since she became a Confederation, has been suffering for a long time from a dropsical tendency to too much silver. She has, in fact, had so much silver about her house that she is now at work to get rid of it at a loss, and since March last has succeeded in buying up six million dollars' worth of American silver at eight per cent. discount, and shipping it to the United States. .it,n agent of the Government is now busy buying it up at six per cent. discount, and at this rate the influx of our much desired silver pieces may be greatly increased. We look to our brokers and mer chants, therefore, to put this returning silver on the market, circulate it, give it a healthy ventilation, and let the mass of us enjoy much more the musical chink in our pocket which seems to have become such unharmonious discord in Canada's.—New York Herald. IN THE EVENT OF WAR BETWEEN FRANCE AND SPAIN WHAT WILL BECOME OF CUBA? The question of the accession of a German prince to the Spanish throne involves one consideration of vast import ance to the United States which requires the immediate and serious attention of the Government. If the Spanish Cortes accept Prince Leopold of Hohenzollern, a war be tween the Germanic Confederation and Spain on the one side and France on the other will be the immediate result. One of the first movements of such a contest would undoubtedly be a French expedition against the Spanish Antilles, and the speedy occupation of Cuba and Porto Rico by and in the name of Napo leon. The transfer of these islands to the possession of a first-class European Power, whether by purchase or conquest, has long been considered by our wisest states men as a measure fraught with danger to this country, and therefore to be resisted at all hazards. In the present condition of affairs we would be powerless even to protest. The Government at Washington persist in recognising Cuba as a Spanish colony, although the power of Spain in the island has notoriously ceased. A military expedi tion, therefore, directed against Cuba by any Power at war with Spain, would give us no legitimate ground for interference. We would be compelled to look on in silence, while the means of controlling the Gulf and the Carribbean. Sea passed from the failing dominion of the Spaniard into the vigorous grasp of France. Therewith would terminate for ever the dream of Cuban independence or annexation, while the United States would reman, with the power of Eng land on the north, and France on the south, Cabin'd, cribbed, confined. Failing in achieving the independence which they are contending for, the Cubans would not regard as wholly unwelcome the establishment of French authority in the island ; and the establishment of such authority would clearly be one of the results of the war now imminent in Europe. To this threatening danger we call the grave attention of the government. There is but one method of averting it—the recognition of the Cuban insurgents. This measure, if adopted, will alter the essential features of the case. It will give us the right to declare against the permanent occupation of the island by the French and to insist that the war in the Gulf shall be directed only against the military power of the Spaniards and not against the people or the indepen dence of Cuba. The great importance of this consideration is apparent from the mere statement of the facts. It has been through a mistake, long persisted in by our Govern ment, that this question now presents itself in such a dangerous and embarrassing form. Statesman like action in regard to Cuba taken a year ago in conformity with the popular sentiment would have enabled the Cubans to establish their independence, or would at least have left us in a better position to adopt the measures which the present occasion demands. It is not too late, however, for prompt and decisive action, ann we doubt not General Grant will recognise the advantage which his administration and the country will derive from a brilliant and vigorous stroke of policy such as we have indicated. Of one thing he may be well assured, that the people of the United States will never consent to permit Cuba to remain even nominally in the feeble grasp of Spain when that nation is about to engage in hostilities in which two of the great Powers of Europe are the chief actors.—New York Herald of July 9. A GENERAL INDIAN WAR. The Indian war has commenced with a vengeance, Red Cloud's men taking part, enthusiastically in it. When they drive the ringbolt of a waggon through a white man's heart, and take out the tendons down his spine for bowstrings, as they did recently, we may well presume that the wrath with which that blood-thirsty warrior left civilization has no wise abated. There is such a general movement all through the Indian countries that more available troops, which were long ago demanded by the aspect of affairs, have been hurried from Eastern gar risons to reinforce General Sheridan. Some of the Sioux, of Winnipeg Territory, have crossed the line and are depredating on American soil. It is reported also that the marauders, when hotly pursued, take refuge in their reservations, where they have supplies enough laid up from the rations granted them bythe general government, and where, too, they are safe under the treaties from the vengeance of soldiers or settlers. These facts show that the savage is extending his operations in securing the aid of his Winnipeg brethren, and is improving on the savage art of war in holding his reservation as a base, while he has forgotten nothing of the science of torture as it was taught and practised by his ancestors in Wyoming Valley. —Hew York Herald. THE INDIANS ON THE PLAINS. Whether or not we ought to be now or at any other time fighting the Indians, or on the eve of general Indian war, it would seem that there is no doubt that, being on the verge of war, we ought to have some soldiers on the Plains. Wherever the Indians now like to go in a band of five hundred or a thousand they find themselves supe rior in strength to our forces. Of officers there seems to be plenty, and the young gentlemen who lament that they cannot be out in active service instead of being shut up in the artillery school at Fort Monroe are probably profitably employed in studying the algebra and geometry which disturb them so much. But if men are not to be had elsewhere, it appears as if the four or five hundred soldiers stationed at that fort might be employed to better advantage in doing garrison duty in some fort on the Plains that now has fourteea or twenty men in it, and has to shut itself up when the Indians take to the war-path. Everybody says the one thing, too, except the Indian agents and the Congressmen who prac tise their economies in the safety of Washing ton and the full view of admiring constituents, by cutting down the Army Appropriation Bill—while, perhaps, adding something to bills like that which was the other day stigmatised as a mere scheme to lay hold of the farms of the Mission Indians in California. General Sherman says there are not soldiers enough : General Sheridan says he cannot keep the field, and must content himself with guard duty ; and there is but one account from the-settlers. It is possible that the reports of the coming tr( üble are exaggerated ; but Sheridan says that the Indians of the Northern and Seuthern Reservations both are off their reservations, and that he distrusts them entirely, naming Red Cloud by name. Possibly that gentleman does, as has been suggested, place some reliance in the 'assurances of certain great orators here in New York, when he was with us, informed him that rather than the red man should suffer injustice, they would themselves grasp the United States by the throat and compel it to be just. At all events, the army is mistaken, or Red Cloud begins to fear his " young men" are irre strainable. Perhaps they are really so ; and perhaps they are conveniently so. In either case, reflections are suggested as to the propriety of the " treaties " we make with these potentates.—Nation. THE CHINESE INDEMNITY FUND. The committee on Foreign Relations, to whom was re ferred the message of the President of March, 1870, covering a report of the Secretary of State and correspon dence concerning the Chinese Indemnity Fund, say, in their report made to the Senate, the origin of the fund is this :—" The British and French expeditions of 1858, which, after capturing Canton, turned their combined forces toward Pekin and and ascended the Pei-ho as far as Tien-tsin, opened the way to the presentation of claims of our citizens, which were promptly recognised by the Chinese Government. Though taking no part in the war our people profited by the result. ' The convention that ensued was born of the war." In the draught of the con vention, first submitted to the Commissioners at Shanghae the amount stated was 525,000 taels, with a provision that in case of excess beyond the claims and interest it should be refunded to the Chinese government, on which our Minis ter remarked :—" They preferred, however, the small sum, without such provision, evidently thinking that it was their best policy to get rid of the matter for ever. The language of the Commissioners was : —" We acknow ledge the consideration and kindness of your Excellency in this matter, in that you have, of your own accord, reduced the first amount of claims, and now place the total at 525,000 taels. We have taken the matter into full consideration, and propose that, if a further redua tiod of 25,000 taels be made, fixing the total amount of 500,000 taels, the Custom House certificates can be issued at Canton, Shanghae, and Foo-choo, dating from the first day of our next year, Feb. 3, 1859, which can be succes sively applied to the gradual payment of the entire sum. After all the payments directed by the Commissioners, a large surplus was found in the custody of the Legation at Pekin, which was subsequently transferred to the United States. This surplus, with accumulations of interest and gain by exchange, less an amount paid under authority of an Act of Congress approved January 22, 1867 (15 Statutes at Large, 440), has been invested in ten-forty bonds, which are now held by the State Department, amounting at par to $386,000. Another amount of $206 87c. in cash is also in the possession of the depart ment, and about $2,000 remain in the custody of the Mini ster to China, who has been directed to make remittance of the same." The committee is brought to the conclu sion that, in equity, this sum does not belong to us. Whatever may be our technical title, in conscience the money is not ours. "In returning to China the fund i n ques t i on and its accretions, the United States will relieve themselves of an embarrasing trust, while they render unto the distant Cmsar what tit is his own and. set an example by which Republican insutions will be elevated. The question of its application, which has occupied the attention of successive Presidents, which has been pre sented to successive Congresses and is still undecided, will be at rest. Schemes for the bestowal of the fund in such a way as to harmonise our sense of justice with our obligations to China, if not with Chinese proprietor ship, will cease. There will be nothing for " dis appointed claimants "to pursue. China will receive her own—if with astonishment, it will be only because nations have so rarely lived according to the golden rule. Such an act cannot be otherwise than honourable to the United States. It will be a victory in a new field making us first in a new order of conquerors. China with infinite resources, will be more than ever open to American enter prise. Thus, while doing right, shall we benefit our selves. So is justice to others the way to national advantage. But whatever this advantage, it must be borne in mind that the first inducement is the essential equity of the case. The measure now proposed will be valuable in proportion as it is spontaneous. Thus far China has made no demand or suggestion even. A year hence the venerable empire may appear before the youth ful republic with a formal claim. The very fact that we deliberate about this fund will spread the tidings of its existence. Better anticipate a demand than wait and at last yield an ungracious compliance, urged by a foreign plenipotentiary in the serviee of the ancient government whose money is now in our hands." THE SPANISH THRONE QUESTION. IS IT TO BE WAR? The Spanish Throne has more than once already been a source of trouble to Europe. Once again it commands the attention of Europe. Once again it has made war more than a possibility. To-day is not to be de nied that men's minds are filled with the war idea, and another war of the succession in Spain is one of the likeli hoods of the present. The Prussian Prince who has been offered and who has accepted the Spanish Crown has given a new feature to European politics. Day by day the situation becomes more and more clearly defined. What is to be the issue ? Is it to be peace or war ? Is Spain, after all, to give new life to Europe ? In answer ing these questions one or two points need to be borne in mind. It ought to be remembered that no king can be chosen for Spain who is not first of all approved of by the Emperor Napoleon. It ought also to be remembered that in this matter Napoleon will abide by his usual plan —he will consult and abide by the wishes of the French people. These two facts borne in mind it becomes toler ably clear that if Spain pushes this matter Spain will place herself in antagonism to France. If Prussia should feel insulted by the tone of the French press —more, if Prussia should be compelled to . bid defiance to the haughty language of the. Duke de Grammont, it will not be at all wondered if some of these fine mornings the Rhine should seem to be on fire, and those beautiful pro vinces that line its banks should be given up a prey' to horrid war. War begun on this question will, as a French Deputy well put it in the Chambers two days ago, be a war on the part of France against the rest of Europe. Austria, to-day a strict neutral, it is not impossible, might go with France ; but in such an emergency Austria would be worthless, and, so far as we can see, France would be without any other ally. Russia, although in receipt of special despatches from Paris to-day, would, most likely, stand aloof. Russia would compel Austria to be neutral, although it is said that the Vienna Cabinet has made an alliance with France. If Prussia stood by Spain, Spain would have no choice but stand by Prussia. Italy would not be sorry to see some such row. We do not say that Victor Emanuel would take any undue advantage of it ; but the time might be found convenient for driving the French soldiers and the Sacred College, not to speak of the Pope and the bishops now in council out of the Holy City. Great Britain, of course, will simply look on. On no account will the British Government allow itself to be involved in a European war. It is not our conviction that Napo leon wishes war. Nothing but the imperious demands of the French people will induce him to draw the sword. Much, therefore, now depends on the arts of diplomacy. If explanations are gracefully given they will be gracefully received. A congress may be got together to settle the affairs of Europe. But should everything fail, and should a war, European in its dimensions, grow out of this indis cretion of Prim, we have no cause for sorrow. The result will be a gain to us. It will increase the value of our bonds, and it will swell the tide of European emigration toward our shores. If, therefore, they must fight, let them. The crowns of Europe are toys that have no attractions for us. If a bauble like the crown of Spain is sufficient to involve Europe in war, pity for Europe ! New York Herald, July 8. THE FRENCH AND PRUSSIAN CRISIS. There remains little doubt that France means to oppose the elevation of a German Prince to the Spanish Throne. The French Foreign Minister officially announced to the Corps Legislatif that France would not permit a German Power, meaning Prussia, of course, since there is no no longer any German Power, to place one of its own princes, even though he is a blood relation of the Emperor Napoleon, on the Spanish Throne. Royal blood in Europe is not much thicker than water, especially when it is the blood of a Bonaparte ; and Napoleon, who knows this as well as any man in Europe, is not prepared to trust to his relation ship to the proposed Hohenzollern—uncle or nephew, it does not yet appear which—to counteract the influences of political intrigues and alliances which Bismarck may concoct. Hence he has energetically opposed the choice of a German Prince. And it now appears that, as that design has been persisted in by Prussia and by Prim, Napoleon as energetically acts to prevent its consummation. On Tuesday the Prussian Minis ter was served with a note by Minister 011i vier, which the telegraphic despatch describes as firm and energetic, and which subsequent events leave no room to doubt was a protest against the evident design of Prussia. On the same day the Prussian Minister left Paris. On Wednesday the French Minister was recalled from Berlin. It appears that the former left for the purpose of conveying the note of the French Minister to the Prussian Monarch at Ems, and it does not appear that the French Minister was recalled pre paratory to actual hostile operations. But the indications clearly point to an immediate suspension of the peace ful relations between the two countries. There would seem at first to be no great danger that the two Powers would precipitate a war on a question of this seeming insignificance, but we must not overlook the fact that the Rhenish frontier and other disputes yet remain unsettled, or at least are only temporarily arranged, to the evident dissatisfaction of Napoleon. further and more definite news may dissipate, as we hope, the present warlike aspect, but it is vain to attempt to conceal that the peace of Europe is seriously threatened by what was at first an apparently insignificant intrigue.—New York Tribune, 12th July. THE LATEST EUROPEAN DIFFICULTY. During the last two hundred years there has been probably no country in Europe which has done so much to set its neighbours quarrelling as Spain. In its day of power it represented the secular arm of a dominant Church, and dealt out fire and sword in pitiless malignity to subject Provinces. When once its decline had fairly commenced, the great Powers of Europe, by way of com pensation, reduced their haughty rival to a state of tute lage, and since then Spain has been to the West what Turkey has been to the East of the Continent—a " sick man" in the family of nations. Once more it seems as though the Peninsula might become the battle ground of rival empires, and as though the question of the " Spanish succession " would assume an aspect even more grave than it did a generation ago. The true dan ger of a contingency like the present lies in the fact that both in France and Prussia there exists a national senti ment predisposing the people and Governments to war. A dispute arising from such a cause as the present, would appear to be little likelyto excita popular feeling in North Germany. There is cherished, however, and by none more intensely than by the party of liberal reform in Prussia, a feeling that the consummation of German unity will be impossible without a war with France. The possible dangers of the situation are increased by the fact that both France and Prussia are in possession of a highly efficient and available military establishment. The possession of thoroughly organised armies and the most perfect of existing engines of war, presents a strong temptation to test their capabilities by actual use. The warlike élan of 1866 could be without difficulty rekindled in Prussia, and the French Emperor might probably be found not indisposed to risk a conflict in which he would have the almost undivided national sentiment to support him, and in which success would do more to confirm his dynasty than all the liberal reforms he could devise. It is probable, moreover, that the active opposition of France would be to the Spaniards a most powerful reason for supporting the new candidate, and the elements for constituting an international quarrel would thus be ren dered complete. It is evident that the present aspect of the question has already created no little excitement in the higher regions of diplomac ; and the statement recently made in the Corps Ltgislatif by the French Minister of Foreign Affairs, " that under no pretext " would his Government permit a German Power to place one of its Princes on the throne of Charles V., sounds uncommonly like a defiance of Prussia. Whether the latter Power is disposed to take up the gauntlet, a few days will probably determine. —New York Times. HIGH COURT OF JUSTICIARY, EDINBURGH.—At this court, on Monday, Lord Ardmillan on the bench, Albert Elenowsky, sixteen years of age, was found guilty of culpable homicide i n h aving shot dead a lad named M`Donald, at Easter-road, Edinburgh, on the 6th of May last, and was sentenced to four months' imprison ment. • BIRTHS. On the 18th inst., at Bryngwyn, Montgomeryshire, Lady Napier, of Magdala, of a daughter. On the 19th inst., at Esher, Surrey, the wife of Arthur Lovegrove, Esq., of a son. MAR,I?IAGES. On the 16th inst., at Christ Church, Highbury, Charles John, third son of the late Thomas Houlston, Esq., of Tuffnell-park, Holloway, and Paternoster-row city, to Clara, second d aug ht er o f t h e l a t e Thomas Preston, Esq., of Barnsbury. On the 16th inst., at the Oratory, Brompton, Abel, the second son of Stephen Rain, Esq., of Ramsforb, Gorey, Ireland, to Helen, only daughter of F. W. Allis, Esq., of Willoughby Hall, Lincolnshire. DEATHS On the 18th inst., at Lee-road, Blackheath, very suddenly, William Smythe M`Kenny, Esq., aged 55. On the 17th inst., at Brighton, the Dowager Countess of Mexborough. London : Printed by GIDEON ACLAND BOYCE, of No. 112, Strand, Printer, and Published by him at THE SUN Office, No. 112, Strand, in the Precinct of the Savoy, in t County of Middlesex. Thursday, July 21,1870. Not( from 4 CR MAGI( form a , Itaiub by gig A L Rooms baturda spared fureishi be Secu at Intel music-a Jo; of N. 8.- Will tak is added Chambe Ja r an went of stands, 1 Alabast said ma Majesty Mr. 9 MINER : resting nis„ 4;1 T Li-RAC 1851 a n y men to s i of istEa ] effects, body , wi Vain p a n ese th, A descr not fail body, t facturer A. Sin Double bilieal T offic e, p L Weakn porous, an ordir Postage QPA ►J A] 0 11 - CeS . 103. 6d. 248, gig Wc Paratior. the very Holborn the f ac ; 388 . 6d. 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