The Sun. — London, England, 1868-09-26 00:00:00

SPIRIT OF THE PUBLIC, JOURNALS. • -..- . The Saturday Review holds that the Go;i,ernmint in Spain has not been by any means wholly bad for practical purposes during the last two or three years. Order has been maintained, there has been an attempt—a poor at tempt, indeed, but still an attempt—to restore the national credit, and some slight disposition has been evinced to push on public works. The Government has been in all essential points exactly the same Government as that which exists at Rome ; and if such a Government is sue cessfully imposed on a people it will occasionally try, in a languid and capricious way, to benefit them. But the difficulty of the rule of an extreme faction is that it must be perpetually securing itself against every other party. What has brought on the revolution is that the Queen has thrown herself into the power of an exclusive and extreme faction, who have warred so fiercely against all that dif fered from them that they have gradually made and con solidated a power which promises to be too strong for them. The success of the revolution and the continuance of the reign of the Queen are quite incompatible, and this seems to have been the immediate conclusion at which she herself and everyone else arrived. Whether there is any truth in the report that she offered to abdicate in favour of her son no one here can pretend to say, but it is a very natural thought to have occurred to her. But, then, is such a solution of the difficulty possible ? It would be extremely advantageous . . . . to avoidachange of dynasty ; but the Prince of Asturias is a boy, and the real government of the country must be in the Regency if he were made King. This, however, is not where the real difficulty lies. It would be hard to find the right Regent, but it might possibly be done. But what are to be the relations of the young King to his family? Is he never to see his mother or her husband; never to see his brothers and sisters ; never to talk to the Countess Girgenti and her husband? If he is cut off from his family, then it seems almost as harsh and violent a change as to call in a new dynasty ; and if he is to see his family, then they, and not the Ministers of the Crown, will govern. The elevation of the Duke and Duchess of Montpensier to the Throne would be by far the best end of the revolution, if it were possible. But it would be very invidious for one sister to profit by the disasters of another ; and the Emperor of the French would strenuously oppose die selection of an Orleans prince as sovereign in a country so near him. It is very much to be lamented that, in an era when sovereigns are so constantly wanted by all kinds of countries, a royal family so capable of furnishing ab'e and liberal kings as that of the sons and grandsons of Louis Philippe should be excluded. But the dynasty of the Napoleons is so insecure that it cannot be expected that the Emperor should be desirous to remind the world that there are other Frenchmen fit for sovereignty besides the amiable child whom he is bringing up to grace, if not to wear, a crown. Thus, a Spanish revolution must be a revolution to get rid of the Bourbons, or it is nothing. The Saturday Review believes that a republic, if established, would soon come to an end. Speculation of the chances of the success of the revolution is at present useless. The Spaniards will shrink from letting the Crown go begging, and will writhe under the thought that the French will have a practical veto on their choice. A great and decisive victory for the Queen's troops might end the revolution, but this does not seem probable. It will be more difficult to get the Bourbons out of Spain than out of Italy, and a revolution merely to create a vacancy does not look a promising one. The London Review commences a leader by quoting the " Infernal Marriage " " I must confess lam perfectly satisfied whenever I remember that I have the queen on any side." So says the philosopher in Mr. Disraeli's story .when he turns up a queen in playing whist with Proser pine. Why does a reader of the " Infernal Marriage" smile or wince as he meets this chance allusion? M. do Montalembeit recently wrote a vivacious and searching brochure on the future of England. He criticised many things, and doubted not a few. He particularly discussed the probability of English democracy being interfered with by the peers, a danger of which we know something, to which we are accustomed, which we know how to bear with for a time, and how to overcome when we lose patience with it. But Count Montalembert did not say a word of any possible danger in the direction of royal opinion or royal obstinacy. He thought we had changed all that for ever. Have we done this ? Not perhaps so thoroughly that a daring and capable Minister need despair of reviving, if not the personal government, at least the personal resistance of the Crown. Mr. Disraeli thinks the present moment a favourable one for varying his means of attaining the one end—power over his fellows—which it is worth a great man's while to pursue. He believes, as of old, that those who understand the past are very well qualified to predict the future ; and he does not understand the past of England in a democratic sense. He knows how recently and how imperfectly the idea that a king may have a will of his own has died out of the English mind. He knows also, from the correspon dence of William IV. and from other sources, how easily and naturally in past days the interference of the Crown hasbeen concealed from the public. Unless he is greatly mis judged, he has evolved from these and other considerations the idea of playing off the Queen against the people. Mr. Bright used to impress on popular assemblies his con viction that the Queen was in favour of an extension of the suffrage. Lord Derby has insisted that her Majesty would do well to refuse her assent to the Suspensory Bill ; and it is at this moment gravely discussed whether or no het Majesty will refuse her assent to Mr. Gladstone's policy. Mr. Disraeli is a favourite at Court, and it is said that some important members of the Royal Family are his enthu siastic partisans. The best hope lies in the character of the Queen, who has strong common sense, who, although she has lost her best advisers, her uncle and husband, has yet been constitutionally educated by them. The theory of the sanctity of the Queen's oath would establish the Church as co-ordinate with the Crown, and would render us the only European nation debarred from legislating on ecclesiastical subjects. Now, the London Review con cludes that the fear of the Queen's interference will not intimidate a single member of Mr. Gladstone's majority, and if Mr. Disraeli seek to gain an advantage by preeini tating his sovereign into a quarrel with her people, he will seek in vain. The Imperial Review thinks it would be a strange result, indeed, should it turn out that, after having rejected various Reform Bills—now on the plea that tliey gave-too much influence to the multitude, and now that they left too much in the bands of wealth and position —we have accepted a measure which will prove to have conceded excessive power to each. Yet there are not wanting thoughtful men who maintain that, in trying to steer clear of two evils, we have delivered ourselves up to both. The imagination of the ancient poet never pictured to itself, at worst, anything more alarming than a bump against Scylla, arising out of an exorbitant dread of Charybdis. The modern politician has seen himself bandied alter nately from one to the other. We are not quite sure that a still more terrible fate even than that is not in store for us. Such, at any rate, is possible, should Democracy and Plutocracy coalesce. Scylla and Charybdis may, peradventure, close upon us. From such a coalition we can conceive no exit whatso ever. Rational government would expire in their embrace. The balance of power is, for the practical mind, a ques tion of internal and national, just as much as of external an international importance. In other words, what the popular orator calls the war of class against class, and the patient observer the natural and inevitable clash of con flicting interests, is the very foundation of political science. The improvement upon this, it would seem, is to divide a country into two opposing armies, as a preliminary to getting rid of one of them, in order that "Universal Peace" may, as we can well understand it for a short time would, " Lie like a shaft of light across the land." Whether in the language of a greater poet, greedy dark ness would not speedily devour it up, might, to the timid political mind, be a matter of gr ave speculation. For the moment, however, the simp lify in g o an doctrines of ardent positivists are in the ascendant , as a natural consequence, there is the risk of sc r tn ard t ly elim i nating . all the elements of disagreement, Phis privi leged couple, of whose differences the ' r v e o s . t of us are to be but spectators, and perhaps victims, ofextremely poor eeilormously rich individuals, and an enormously big poor ones. If you get at the real mind of anyrac l p eal p o litician at this particular juncture, you find that, ch as he may dislike mere wealth and all its Protean forms ml of wrong ful influence—in plain statutory lan guage , o f b r ib ery and corruption—he hesitates to deal a blow at it, lest in doing so he may bring down the last, if the rotten, support of Government and order. The person who does not already know -this to be the case, either has not followed the recent temper of the House of Commons, and the more influential por tion of the press, or has wholly failed to comprehend it. As yet, popularity may, and wealth certainly will, at any moment make a man a representative of the nation. The time is perhaps coming when both these eminent quali fications will be required. And yet we have been striving to elude the dangers incident to each ! Perhaps we set before ourselves an impossible problem. What wonder if we are reduced to the absurd ? England has been said not to love coalitions. Yet she may have to endure one that she would love least of all—a coalition between the richest members of the community and the p of the constituencies. Extremes would then, int!ee !, have met. As wc said, Scylla and Charybdis v wild Lave eloscd up, 11 The ,To Durl pays: After a lengeLy triaT,f r the zccont time, INiadame Rachel has been found guilty of the frauds charge:l against her, and sentenced to five years' penal servivile. The Western Morn ing Ne (.ne of the shrewdest of our journals, writing before the verdict, says, " 2 , ladame Rachel may not be worthy of much sympathy, but she deserves some pity." We endorse this opinion, for it seems to us evident that the case has been the triumph of prejudice. If she was guilty of the frauds charged, she would richly merit the punishment, but for that very reason it is the more desirable that the :ase should have been clearly established. The jury, no doubt, meant well. They desired to condemn folly, fraud, tad what they believed to be immorality. But it is a Rangerous doctrine to hold that, without sufficient legal proof, a person may be condemned on the evidence of so :oolisu, if not, as some think, insane a person, as Mrs. ijprodigit% REPMEN2'.4.7'ION OF NORTH NORTH. AMPTONSHIRE. The following letter has been addressed by LordbVer. stone to the Hon. Fitzpatrick Vernon, the Liberal candidate for North Northamptonshire : "Lockinge House, Wantage, Berks, Sept. 18. "Sir,—l beg to acknowledge your letter of the 14th inst., which has only now reached me at this place. Under present circumstances I am not prepared to assist in any attempt to disturb the representation of North Northampton shire as it now stands. We are advancing fast enough into Democracy, as it appears to me, and I would wish to moderate rather than ac celerate the pace. If I understand your address correctly, you rest your appeal—First, upon your unqualified support of the measure of Mr. Gladstone, not for the temperate and judi cious reform of that branch of the Established Church which now exists in Ireland, but for the indiscriminate and entire destruction of that Church. Second -Upon your support of the ballot. To neither of these measures can I give my support; nor have I ever understood that they were recognised, until, perhaps, the present moment, as orthodox articles in the Did and true constitutional creed of the Liberal party.—l have the honour to be, your obe dient servant, " OTERSTONE. " The Hon. Fitzpatrick H. Vernon." SAVINGS BANKS. A Blue-book has just appeared, containing a list of the total amount of deposits and the number of depositors, with other particulars in connection with the savings banks of the United Kingdom for the year ending November 20, 1867. The summary takes the population at the total of the census of 1861,when it was returned as 28,973,443. The number of banks in November 1867 was 539 ; the paid officers amounted to 1,560 ; the un-paid, to 563. The expenses of management, including salaries, £133,438 19s. 11d. The number of accounts open was 1,385,782 ; the total amount owing to depositors, 236,534,016 2s. 4d. ; the whole of which, with the exception of £319,593 ls. Id. was invested with the Commissioners for the Reduction of the National Debt. The rate of interest paid the depositors amounted to an average of £2 19s. 4cl. The receipts from depositors for the year were 21,424,453; the payments to them, £921,859; average amount of receipts, £4 13s. 9d ; average payments, £B. It appears that 113 banks have been closed, and their funds transferred to the Post Office Savings Banks. These represent depositors to the number of 105,564, with deposits of the value of £2,258,724 ls. Id. on November 20, previous to the date of notice to close. The accounts transferred to the General Post Office were 54,720, repre senting £1,214,892 3s. 4d. The compensation to the officers of the banks was £15,792 2s. 9d. LAW AND POLICE. THE FRAUD ON THE GASLIGHT AND COKE UOMPANT.— At the Marlborough-street Police-court, before Mr. Tyrwhitt, the further examination of Mr. Morris, pro prietor of the New York Hotel, Leicester-street, charged with making a fraudulent claim of £2,700 on the Gas light and Coke Company, for alleged losses at the fire at Savile House, has been proceeded with. William Scully, who was employed at Savile House at the time of the fire, gave evidence as to the absence of furniture in the rooms. Other witnesses gave evidence to the same effect, at the conclusion of which the magistrate remanded the prisoner, refusing bail. STORING GIINPOWDER.—Messrs. Dawe and Co., the in ventors and patentees of the famous central-fire cartridges, have been charged before the Lord Mayor with having, without license, a large quantity of gunpowder at their factory, in Great Trinity-lane, City, contrary to the statute. The charge was proved, but it was alleged in de fence that if one of the cartridges exploded amongst a thousand others no ignition could take place. The de fendants were fined £lO. MANSLAUGHTER.--There have been two cases of man slaughter at the Central Criminal Court, both resulting in convictions, the sentences accompanying them being eighteen mouths and two months' hard labour respectively. The first was the result of a drunken row, in which the victim had been stabbed ; the second the result of a fight, in which deceased had been kicked by the prisoner. ATTEMPTED MURDER.--Clara Dixon, a married woman, 35 years of age, was indicted for feloniously shooting at Annie Pilbean with a revolver, with intent to murder her ; in another account it was alleged that she intended to inflict grievous bodily harm. She kept a coffee house, and while the prosecutrix wasolodging there she shot at her with a revolver. The prisoner's father was called, and stated that she was the wife of a seaman. On the 17th August she came to him in a very excited state. He had not seen her for fourteen or fifteen months before that. She told him she had a revolver, and he begged her to give it to him, but she refused, and appeared to be labouring under the impression that some one was follow. ing her for the purpose of robbing her. In cross-examina tion the witness stated the prisoner bad been to America, and that he bad seen her several times after her return. She had received a very severe injury on the head, and when she took drink it produced extreme excitement, making her frantic for the time. He had known her smash dishes and things of great value without any provocation. This was more than fifteen months ago. On the night in question she made reference to her fears of delirium, tremens coming on. She said she had been drinking for two or three days previously. On the night of the 17th August they had two pints of ale between them. On this evidence the jury returned a verdict, finding the prisoner not guilty, on the ground of temporary insanity, and the judge ordered her to be kept in confinement during her Majesty's Measure. SETTING FIRE TO HAT-RICKS.--Adam Henderson anu William Morrison, labourers, without homes, were charged with wilfully setting fire to two hay-ricks, the property of Mr. Charles Blake, of Brewhouse Farm, Merton, and causing damage to the extent of between £4OO and £5OO. On Thursday afternoon the prisoners were seen to pass the ricks, which stood in the field by the side of the road. They walked a short distance and then returned, when smoke was seen issuing from the ricks, and one was found on fire. The prisoners, who were the only strangers near the ricks, were followed and given into custody. On the way to the station Henderson said they had got into it, and they must get out of it the best way they could. Three lucifer snatches were found upon Morrison, and Henderson's back had pieces of hay adhering to it. It also appeared that one rick was entirely destroyed by fire, and the other partly burnt. Mr. Arnold remanded the prisoners, who had nothing to say, for a week. The electric telegraph is used much more than is generally imagined. The great fire in the Southampton Dock, about three weeks ago, was known in Alexandria, in Egypt, the day after it happened. RAILWAY TICKETS.—One part of our railway system, in which it is difficult for outsiders to see any reason, is the rule by which the issue of ordinary tickets is restricted to the ten or fifteen minutes prior to the start ing of the train. On the continent longer time is generally allowed. We do not see why it should not be in the traveller's option to escape the five minutes' crush at the ticket-window by taking out his ticket half an hour, half a day--aye, or even a week beforehand. Why should not tickets be sold in dozens, to be used as required, as well as singly, to be used at the moment ?—Scotsman. THE FORTHCOMING ELECTION OF LORD MAYOR. --Mr. Alderman James Clarke Lawrence, who is next upon the rota for the honour of the chief magistracy of the metropolis, is the second son of the late Mr. William Lawrence, alderman of Bread-street Ward, from 1848 to 1855, and who filled the office of sheriff during the mayor alty of Alderman Sir R. W. Carden. His brother, Mr. Alderman W. Lawrence, M.P., was Lord Mayor in 1863. Mr. Alderman J. C. Lawrence became alderman of the ward of Walbrook upon the demise of Mr. Alderman Wire, in 1860, and filled the office of sheriff two years afterwards. The next upon the list is Mr. Alderman Dakin, who toge ther with the former gentleman will be nominated by the Livery in common hall on Tuesday next ; but as there does not appear a probability of any one else being nomi nated by the Livery, no doubt the choice of the aldermen will fall upon Mr. Alderman J. C. Lawrence, who, it may be mentioned here, is a candidate for the suffrages of the electors of Lambeth.— City Press. The Roman correspondent of a contempo rary mentions that private information having reached Monsignor Randi that a large deposit of arms was con cealed in a house on the banks of the Tiber, he instantly despatched some police agents with a detachment of gendarmes, to search all the sur rounding buildings. The polico sot a wateh, and had their sus p icions attracted _ t o a house , whose owner WAS seen crossing the Tiber in a fr.Jdng wherry. Tiiis led to a second search, under the direction of the detective l3aldoni, who was recently tried on the charge of collusion wiili thieves, and honourably ac quitted. The police were leaving the house, when Baldoni, ex por c , I in , an obscure corner, discovered a maskeddoor. Throu g h his door entrance was obtained into a dark room, com pletely filled with arms. The deposit included no less than seven hundred double-headed hatchets, and twenty-four cases of daggers and pikes, weapons suited for a St. Bartholomew massacre, but hardly, ono would imagine, available against regular troops. The Roman Liberals, in deed, declare that the thing has been got up by the police, to furnish a pretext to France to prolong the occupation, and that the other r¢cent disCrteXjM Of trja_ 7,10. the - - - , .Iwas4rac ter,. TIIE SUN, LONDON, SATURDAY EVENING, SEPTEMBER 26, 1868, in the decline, which was not counteracted by the THE SPANISH INSURRECTION. news from Georgia and Alabama. The news of the riot in Georgia, where the loss of life has been so heavy as to arouse grave suspi- The telegraph, manipulated by the sup porters of the Revolution, is at its lying work again about the outbreak in Spain. The tele grams of to-day, contradicting those cf yes terday, are compressed falsehoods ; the lie circumstantial of " our own correspondent " cions of what occurred, directs attention to the ex- pulsion of the negroes from the State House of Representatives. The original draft of the Consti tution lately adopted contained an article making all qualified electors eligible for office, which was struck out on a motion of the present Radical can didate for Congress by a vote of 126 to 12, the 12 being all white men. The article afterwards adopted declared the Georgia Code and all laws enacted A ince Jan., 1861, in force, except as to slaves. The Code excludes negroes from office, of which they (the is condensed by the necessity of the electric wire into the lie direct. But the lie does not live longer than a day—to-morrow's telegrams recalls it and substitutes in its stead a perhaps still more startling and still more absurd piece of news. The calculated effect of these ma- nceuvres is to perplex the public mind, and to leave the impression that something frightful is really taking place, the true particulars of which, however, are not to be ascertained. A veteran like the Times has been taken in by this stale and silly trick. For, relying on telegrams from Spain, it announced to English readers in a grandiloquent leader, that "Spain has risen against her Government." It turns out, of course, that nothing of the kind has negroes) had no notion. In voting, then, for this they were voting for their own exclusion, and their treat ment is the matter can be regarded in no other light than as a deception. They are said to have spoken with great force, often ungrammatically and sometimes rudely during the debate. One old negro silenced the laugh at . his ignorance by asking, " Would you have been any more learned than I am if for 57 years you were not permitted to own a spelling book without running the risk of the lash ?" The • taken place. That Spain has not risen, but that a plot, concocted by the six generals who, ins Lead of being shot, were sent to the Canary Islands, and General Prim, relying on the treachery of regiments and garrisons of towns, and the democratic party in a few of the cities, has come to a head. The particu protest of the expelled members was drawn up by a coloured man, named Porter, from Cheatham County ; and although it contains one of the longest sentences we recollect to have seen, it is exceedingly well written, stating the case pointedly and with lars of this latest pronunciamiento, which does not differ in character, though it may in ex tent, from that of Prim's first abortive attempt and that of the " six generals," we have put together in another column, and what we wish to do here is to point out the real motives of this military and democratic revolt, and the glaring inconsistency of the support and sym pathy given to this movement by writers in the English press, who would consider it a defile ment in private to touch the hand of a perjured soldier, or to fraternize at home with wild and socialistic democracy. Every such writer who now so complacently lisps sympathy with " a rising in Spain," would shrink, we feel sure, in disgust from democrats of this sort, who abound in the purlieus of Paris, in revolu tionary Italy, and who swarm out in some of the larger cities of Spain at the approach of any public turmoil. It was conceded on all hands, up to the time of Prim's first abortive attempt, that Spain, under its present system of Government, had made great advances in commercial prosperity, in the management of its finances, in the de velopment of its educational institutions, and in the maintenance of public order. It had put down the Revolution, and it was hoped that it had at last succeeded in closing the epoch of military revolts. The English journals even declared that a new career seemed to be open ing out again to Spain. One thing, however, the European Revolution could never forgive, and that was the chivalrous devotion of Spain to the civil sovereignty of the Pope. From the moment that Marshall O'Donnell's weak and temporizing policy was disavowed by the Crown and country, the Revolutionary party, kept in check in Italy, turned its attention to Spain. The Revolutionary press recommenced its scandalous attacks against the Queen. No opportunity was lost to declare, in the hope by constant repetition to cause it to be believed, that there was no hope for Spain as long as Queen Isabella reigned, and the Church was publicly honoured and its authority respected. Nothing short of the complete overthrow of the dynasty would satisfy the Revolution. Spain was declared to suffer under a dynastic question. The Times took up the cuckoo cry, and a certain noted Italian Revolutionist—not for the first time a correspondent of the Times —wrote revolutionary and lying letters from Madrid, and now nearer home, if we are not much mistaken, inspires its leading columns with bombastic revolutionary platitudes about Spain having risen again against her Govern ment. By starting a dynastic question in Spain the leaders of the Revolution knew what an opening was afforded to the intri g ues and am bition of military adventurers and disappointed Generals who, having a following in certain regiments and a hold on certain garrisons, or, like Prim himself, a reputation in the Spanish army for dash and brilliancy, only waited for an opportunity and a cry of some kind or other to renew the military 1),.0n ancia)ll i 0 cvl since the period of the Spanish revolution, have been the curse of the country. For forty years the Spanish army has been the cause of turmoil and revolt. The plan regularly fol lowed is this—disloyal and ambitious Generals putting themselves at the head of favourite regiments, and if unopposed by faithful regi ments and loyal Generals of the same army, march upon the capital, upset a Ministry, and proclaim a favourite or more self-willed member of their own body as Prime Minister. Place and power, wealth and titles, are lavishly distributed among the successful soldiers, their rivals are banished, and things again follow the same course. Another favourite arises in the army, another military pronunciamiento follows, and another distribution of honours and estates takes place. The firm attitude of the Crown, the loyalty of the people, the growing pros perity of the country, had done much of late years to break the tyranny of the army ; but instigated by the Revolution, and provided with a cry, the army is again displaying its disloyal and corrupt spirit—again plunging Spain into anarchy, and leaving it a prey to every adventurer. The only remedy against the corruption and tyranny so rife in an army which has now so long been the instrument of revolution and anarchy in Spain, is to call out the Royalist Volunteers. On the last occasion of their being called out in 1827, they made short work with the lawless brigandage, the result of the Revolution, and saved the country on the verge of anarchy. In every township, in every hamlet, Royalist Volun teers stood in defence of law and order. Let the Royalist Volunteers be called out now, trust the Crown and country to the faith and loyalty of the people, let the appeal be made, not to military intriguers, not to the Social ism or Democracy of some of the larger com mercial cities, but to the faith and chivalry of the people of Spain, and the response, there is not the smallest doubt, would be an army of Royalist Volunteers which would trample down foreign intrigues and Republican schemes, and not only put, by their loyalty, the regular army to shame, but enable an energetic Government completely to reorganize an army which has for too long a period tyrannized over Spain. — Westminster Gazette. vigour. Peter Cooper, of the New York Citizen's Asso ciation, has appealed to the public on the subject of pauperism. Suggestions are made and supported by figures which, though interesting, are believed to be exaggerated. From the census of 1865 he takes the number of paupers for the State of New York (278,558), which he finds to be one inhabi tant in 13, the total population of the State being 3,827,818. Many of his most valuable suggestions relate to the recently organised Labour Bureau of ,he City Board of Charities. It will surprise per MISCELLANEOUS NEWS. ( From the Anglo-American Times.) There has been a fall in the price of gold in New York, though not to any great extent. This was anticipated in the monthly circular of Henry Clews and Co., dated Sept. 9, for several reasons. First, the Treasury, they say, may find it necessary at an early day to provide itself with funds by sales of either bonds or gold for supplementing its defi ciency of income from internal revenue ; for it is generally conceded that Congress has curtailed the income of the Government beyond the extent to which it has reduced its expenditure. The last Debt Statement shows that the currency balance of the Treasury has been reduced to the unusually low figure of V. 5,000,000, and also that during Aug. bonds were sold to provide currency. The drought in England has caused a demand for the dairy pro duce of the United States ; the increase of the cot ton crop, estimated within the last four weeks at 250,000 bales, which will be early pressed for sale, and the favourable anticipations regarding the ex port of breadstuffs from the United States, have improved the prospects of the exports offsetting the imports. There was at that time also a large supply of gold in the market, the public deposits in the Treasury being on the Ist inst. V 5,000,000. At the same time these eminent bankers caution their constituents against selling gold for future delivery in the face of the disturbance of the Southern States, the bad feeling between whits and black, and the significant fact that firms having Southern connec. tions are at present large buyers of gold. We are °lad to see that their anticipations were borne out Trotter ;" but we doubt whether he could hold a candle to the British Walpole, when it came to a trial of dropping tears. Attorney-General Ashton gave his opinion on the 9th instant to the Secretary of War ou Southern claims for compensation for seizure and use of pre mises during the war. He takes the ground that under existing laws the Quartermaster-General has no authority to allow any demands of this charac- ,er. The case which was made a test was that of Mr. Elliot of Tennessee, whose premises were con vePted into an hospital during the rebellion. Claims of this nature, to the amount of $30,000,000, are pending before the Department, all of which will be disallowed if this construction is borne out. Mr. Binckley got through his New York Com missioner Rollins' impeachment business on the 9th inst., and a very ridiculous spectacle he has made of himself. The Attorney-General, on the Bth inst., thoroughly disgusted, telegraphed from Washington to Assistant-Attorney Courtney in New York, stating that Binckley had no right to appear against Rollins, and that Mr. CJartiLv should manage the case for the Government. Oar readers must bear in mind that we tell the story as we find it reported in the papers. After bullying the officials in New York, and getting up some scenes in court, he reached a point, as the Tribune says, on the Bth inst., " at which forbearance ceased to be virtue. In the afternoon he (Binckley) sum moned Mr. Courtney to meet him at his rooms iu the Astor House. The lordly Binckley waved him to a seat, and began his conversation with the insulting question, ' Well, which side of the case do you intend to take to-mor row ?' Mr. Courtney's reply to this piece of insolence was that he considered Binckley a downright fool,' informing him at the same time that he would have nothing further to do with him. He then turned to leave the room. Binckley called on him to stay. Mr. Courtney was going out of the door when Binckley made a rush towards it, endeavouring to detain him. Mr. Courtney got jammed in the rush, a circumstance which, as ap pears from subsequent events, by no means im proved his temper. Courtney got back into the room again and immediately pitched into Binckley, and a rough and tumble fight ensued. A punch between the eyes sent Biackley sprawling on a lounge. Courtney followed up the attack by punch ing him soundly for several minutes. Binckley hallooed and bellowed for help. Assistance came in a few minutes in the shape of two deputy United States marshals, who were lounging around the door of the room. They pulled Courtney away, and applied themselves to the task of fixing up Biuckley, who got badly used up in the attack. Binckley returned on the train to New York. The news of his discomfiture was in town before him, and there was a general expression of joy at the thrashing which he had received at the hands of Mr. Courtney." Mr. Rollins failed to settle his dispute with Se cretary M'Culloch in an interview, as he required the dismissal of Solicitor Binckley, and the Secre tary declined to interfere. Mr. Rollins stated that he would complete the nominations of the 25 super visors, though some might not be approved by the Secretary on political grounds, but he declined to accept the Secretary's proposal that each should name one half. Another interview was to take place, after which Mr. Rollins was to leave for New Hampshire, when he would be absent for some days on private business. General Butler, the "irrepressible," finds his work as heavy during the recess as when he was leading in the Impeachment Trial. At one time we hear of him actively conducting his canvass in Massachusetts, and forwarding the interests of his friend Dr. Loring—then he is in a British Province inquiring into a reciprocity treaty—next he is re ported to be in Nova Scotia, where he anticipates trouble—then he is back again at the Republican Convention of Massachusetts, where he withdraws and puts an extinguisher over his friend Loring. He was well received at the Convention, though his financial ideas met with little favour. Notwith standing the attacks on him by Republican papers, he is nearly certain to secure his return to Congress. Nova Scotia continues to be greatly agitated, and the excitement was increased by the speech of Attorney-General Wilkins. The Assembly parsed a resolution censuring Limtenant-Govornor Doyle for his interference with freedom of speech in the case of the Attorney-General, to which the Lieut.- Governor replied by threatening to dissolve the House unless the resolution was expunged, and ex punged it was. The Assembly passed unanimoasly resolutions of thanks to LordS tratheden, Mr. Bright, and others of the Imperial Parliament who supported Nova Scotia in her efforts to repeal the Confederation. Although there was a report in Halifax that a pro minent United States General had promised mili tary aid in the event of the Nova Scotians resort ing to force, the opinion in the United States is that the Province is neither prepared for indepen dence nor for annexation to the Union, and that she will quietly submit to the inevitable, remaining as a peaceful member of the Confederation. The Pall Mall Gazette asserts that the prominent Gene ral was Benjamin Butler, who was sent there to sec about the Reciprocity Treaty. We think it more likely that the report is altogether untrue. The resolution in Mr. Sumner's favour of the Massachusetts' Republican Convention will, it is thought, be followed by his re-election to the Senate by as large a vote as that given to him before. Three times he has been elected, and this will be the fourth if the present programme be carried out, of which there is little doubt if he lives. It is, how ever, more doubtful whether he will serve long in that dignified assembly, as in the event of Repub lican success there are rumours that he will succeed to the highest post in the Cabinet. Few men in the United States or in any other country are more generally respected, for he combines a rare honesty of purpose with a rare ability, and has worked with a stedfastness in achieving his object which in itself n these days "of swinging round the circle" makes aim remarkable. sons in Europe to learn that so many, even in a State like New York, are recipients of public charity, but Mr. Cooper's figares are said to be in excess of the fact. In Massachusetts the apparent proportion of paupers, including vagrants and lodgers, is 1 in 17, but the real number is 1 in 24 ; while, if the vagrants be excluded who form no part of the population, the result is but 1 in 32. Of tiles!: perhaps a half are children, either orphans or with parents, dependent oa the public. Pau perism has diminished in Massachusetts within the last ten years, and is less now than before the war. Many leading Ministers of the United States abroad, and two-thirds of the Consuls, strongly favour General Grant's election. Such, at least, is the assertion of some unnamed person in Washing ton, who has received letters from these gentlemen, and that there may be no mistake about the matter the following names are given :—Mr. Cassius M. Clay and his secretary of legation, Mr. Curtin, Russia ; John P. Hale, Spain ; General John A. Dix and his secretary, Mr. Hoffman, Paris ; Mr. Watts, the new Minister to Austria, and John Hay, charge d'affaires at Vienna ; Mr. Morris, Constan tinople ; Mr. Marsh, Italy ; Mr. Harrington, Switzerland ; Mr. Nicolay, consul at Paris ; Mr. Murphy, consul-general at Frankfort ; and Mr. Moran, secretary of legation in England. As we anticipated, Surratt has escaped without further trial, the telegram from New York on Thursday having announced his discharge under the Statute of Limitations. Whatever was the opinion as to his complicity in the assassination, there is a general impression that his mother was unjustly executed. If so, it is a wrong that can never be remedied, but it has doubtless had its in fluence in dealing with the charge against her son. A question relating to a Confederate cruiser has been well settled by the Chancery Court of Canada. The Florida, on the 10th July, 1861, captured a schooner called the Electric Spark, bound from New York for New Orleans, with a box of Post office stamps on board, of the value of $12,000. The purser, W. H. Taylor, took possession and sold them to Mr. Woods, of Liverpool, who sent them for sale to Toronto, where they were attached by the United States Government, who obtained an injunction, and subsequently brought a suit for their recovery. The first point relied on for the defence was the legality of the capture, and this was the question of public interest, for the United States denied it, asserting the Florida to be a pirate, which ,onla not carry captured property into any port, or make good its title before any Court of Admiralty. After the subject hal been fully argued the Court of Chancery sustained the plaintiff, and the stamps are to be forwarded to Washington. The second point on which the defence relied was that if the capture were illegal the stamps had been offered and sold in the way of merchandise, and had passed into the possession of an innocent person, but the Court could not see how he whose title was bad could convey the property to another. The active-minded American loses no opportu nity of working out the great election problem now before the country. A traveller in the saloon of a steamer or seated in a railway car is certain at in tervals to be called on for his election vote, and thus through strangers gathered by chance the country is informed of the drift of opinion. It is not to be denied that these reports assume a very different complexion from the paper in which they are published. The nation marvels at its Democratic tendency from such results when shown by the New York World, but the nation finds when it consults the Tribune that it is so wholly Republican as to be almost without an opposition. If we are to believe a gentleman from Michigan who went through Utica, the voting almost iu sight of Sey mour's house was nearly 2 to 1 for Grant, a result which appears greatly to have astonished him. On the Detroit and Millwaukee Railroad on Monday, the 7th, there were 59 for Grant and 23 for Seymour; on the Great Western through Canada, Bth, Grant 99, Seymour 60 ; New York Central between Syracuse and Utica, Grant 135, Seymour 69 ; be fore reaching Albany, Grant 158, Seymour 85 ; before reaching the city on the 11. R. Railroad, Grant 127, Seymour 79. Last week we announced the wreck of the steamer Ilippocanzpm with the loss of 50 persons. It ap pears that she left St. Joseph, Michigan, between which port and Chicago she traded on Monday, the 7th inst., with 30 passengers, a full crew, and 8,500 baskets of peaches, mostly on the main and hurricane decks. During the night a heavy storm occurred, and it is feared that the cargo hav ing made the vessel top-heavy, she capsized, when every person on board was drowned. Amo n g her passengers were Alvin 1!.I. Palmer, James M. Sor tore, James Trimble, W. Burridge, John Bur ridge, W. Vaughan, W. Hathaway, C. C. Sutton, B. C. Lewis, Joseph Ford, all of Benton Harbour, Michigan; E. M. Thatch of St. Joseph ; J. Shu t min of Bainbridge, Michigan ; J o seph Higbee, W. S. Watrous, A. P. Whitney of Chicago. The crew consisted of Captain S. AI. Brown, Mate Robert Richardson, clerk J. P. Bloom of Sc. Joseph, engineer Richard Eustes of Chicago, wheelsman Charles Morrison of St. Joseph. The propeller Comet was despatched from Chicago in search of the missing steamer, but she experienced rough weather, and was unable to find a trace of the Ilippocainpus. The lost vessel, though valued at $22,000, was only insured for $2,200. The " obscure" person Brown, as the Standard delights to designate those comparatively unknown whose influence it dreads, and thus speaks of Col. Brown of Kentucky, has materially damaged Go vernor Seymour by his attack at Cincinnati, to gether with the letters called forth by the remarks of the New York World. The injury mainly arises from Mr. Seymour's acceptance being made public of the platform drafted by Chief Justice Chase, and afterwards submitted to him. It advocatA universal suffrage and universal amnesty, and a rigid obsrr ance of the national faith regarding the debt. To have pledged himself to support the Chief Justice's no mination after approving of this platform, and then to have permitted his own nomination on principles totally opposed, has shocked many strong believers in Governor Seymour. What seems most to have maddened Colonel Brown, as well as Messrs. Reed and Alexander Long, was Mr. Seymour's with drawal from the scene for two hours and a half to a private room after the nomination, where " he wept like a newly-weaned baby." Colonel Brown declares him " as a weeper to be the equal of Job MONEY AND BUSINESS. (From the Springfield Republican, Sept. 12.) Nothing is seen yet of that scarcity of money which was to happen " about this time." Indeed the signs point to an easy market through the fall. It cannot be said that it is getting late for a stringency, for it is not; but it certainly is high time to make a beginning : whereas, the week closes with money generally abundant. At the West indeed there is a strong demand for currency ; but at Now York it re mains in positive excess, without any indications of tightening. It is, of course, likely that there will be a fair tension come October; but those who have been shrieking over the imminence of monetary , distress may as well dry their tears. There is no reason why there should be any extraordinary piessure ; and it is not likely to happen without a reason. The causes assigned by some of our cotemporaries for the approaching stringency are amusing enough. There is the great trade of the West with the East, and then there is the great trade of the East with the West—each requiring an enormous amount of currency—as if the two did not balance each other : There is the grain crop to be brought to port, and there is a vast body of home and foreign manufactures to be dis tributed among the people—as if such a thing as exchange were never heard of ! We had a right to expect that the flow of currency west ward would Win' more marked this week than last ; but just the contrary is true. The deposits in the city banks of New York have been lowered less than two millions and a half during the week; while, as compared with the corresponding date of last year, the banks hold two hun dred and eight millions against one hundred and ninety five. Money is in full supply at the lowest rates that have yet obtained—brokers being readily supplied at pri vate hands for 3to 1 per cent., while it is easy to nego ciate, paper having four to six mouths to run at 6 to 7} per cent. The stockholder even reports money loaned in New York, to stand for the remainder of the year, at 4 per cent. on Government Securities. This certainly does not look much like "seven per cent. in gold" by the first of October. At Boston money is rather niece active, though if the market is hardening it is by imperceptible degrees. The rates are 61 to 7 for first class paper ; and 4 to 6 for temporary loans, not to go over quarter day (Oct. 5). At Philadelphia the weekly bank statement shows an increase of loans to the extent of 8428,594, and a falling off in deposits of $136,992. At Cincinnati the market was working easier during the week, with a liberal supply of currency• reported, the receipts from New York being fully up to the wants of trade, and orders for exchange from various points at the South helping to swell the supply. Deposits in bank showed a material increase, and applications for discount were freely rad at 8 to 9 per cent. in bank, ,and 10 to 12 in open market. The week closes, however, with Petroleum Stocks are steady, with a good business a decided increase in the employment of money, and doing in Buchanan Farm, Rynd Farm, and United States the banks are more disposed to confine themselves to their customers, and to harden figures a little. At Chicago, the market is neither better nor worse, though the flow of currency to the interior is being checked—the crops have been largely drawn upon, and a portion of the produce now received being paid for in goods. The following, then, aro the general facts in the condition of the markets throughout the country :—The East has a largo surplus, and is ready to be drawn on even more heavily than it is likely to be, without experiencing a scarcity. At the West the crops are very generally off the farms, and are being forwarded with gi eat rapidity in hopes to anticipate a decline in prices. Hence the larger half of the honest work of the currency there is:already done. In Wisconsin and Minnesota but little grain has yet been moved, and the wants of those States must be taken into account. The demand for money from the South will be large, and the cotton crop is being pushed forward rapidly, both from a desire to secure pre sent prices, and on account of the general impecuniosity of that section. On the other hand, tag movement of goods West and South must begin very soon in earnest, and will largely offset the indebtedness of the East. The demands of the cotton and grain crops must not be dis paraged; but neither must the capabilities of exchange and the abundant resources of New York be under-esti mated. Thera has been nothing worth remarking in gold dur ing the week. It has kept mainly below 1.45, though once touching that figure. The usual controversy has been kept up by the Now York papers as to the amount of gold in the Treasury, the Times insisting that it is above 70 millions, while the World puts it at " $60,358,081, with out counting the accrued interest on overdue bonds." All this quarrelling is supposed to be pertinent to the question, What is the proper price of gold ? But we will suggest that it will be well to remember that it is not the amount of gold in the Treasury, principally, but the amount in the country, that determines the premium. The Times will hardly deny that the export has been unprecedentedly large for the past eight months, and has considerably di minished the amount hold in the United States. There being less of it, why should it not bring a higher price ? Where is the fallacy in this ? It ought not to be a hard matter to figure out the amount of gold in the Treasury at Now York ; but some people seem to find it so. Perhaps they had better try easier sums at first. Governments, which within a fortnight had advanced per cent. on the new Bonds, sustained a heavy attack from the bulls as the week closed, and have given way slightly under the pressure —the new issue, which had been most appreciated, suffering most in the fall. At the lowest prices reached, there is not much doing. Holders strongly resist a further decline, and the market is indi rectly supported by the large amount of bonds now held in Europe, on account of American consignors—the Ger man bankers being engaged to help prices here, in order to keep their own market steady. The Bonds of 1867, which we reported last week as growing rapidly in favour, have still further advanced during the week, though yield ing somewhat at the close. The New York World congra tulates itself, and desires tobe congratulated, upon having caused the recent advance in the later issues by publish- ing tho discovery that the bonds of 1865, 7, and 8 are really by law made payable, principal and interest, in coin, and are thus placed beyond suspicion or attack. Fully as easy, and fully as likely a reason might perhaps be found iu the fact that the later bonds have longer to run, the five-twenties of 1862 being actually redeemable to-day. As for the World's patent discovery, we'still entertain the opinion which we expressed at the time, namely, that the rascally repudiators, with whom the world is so frater nally linked, will not be hindered by any such gossamer distinctions. If they are knaves enough to confiscate a part of the debt, they will have no scruples about confiscat ing the rest. The Five-twenties are a whole; and if the bonds of 1868 stand, those of 1862 will be as good as gold. Vermont spoke out for Grant, and Governments advanced promptly within twenty-four hours. If Maine goes Re publican by 15 to 20,000 on Monday, the bonds will ad vance again on Tuesday. And if Grant and Colfax are elected in November, every bit of paper on which the Government of the United States ever pledged its faith will be worth par in gold the world over. The September statement of the public debt unfortu nately shows an increase of indebtedness to the amount of $12,078,833—ten millions and a half, however, being caused by the Alaska purchase and by loans to the Pacific Railroad. As the latter expenditure, though in the name of the United States, is really chargeable upon the com panies, it must in justice be deducted. The remaining de ficiency of a million and a half is due to the unusually heavy demands of the War Department, and to the falling off in receipts, occasioned by that most mischievous and disgraceful dead-lock in the internal revenue service. The exhibit made by Mr. Atkinson in his speech at Wor cester on Wednesday will be good reading for any one who feels gloomy over these successive deficiencies. Bonded State Bonds have been active during the week, and close strong. An unofficial statement has been made that the overdue interest on the Tennessee Bonds will be paid in the first week of October ; and it has found suffi cient credit to raise the old Bonds (ox -coupon) to 691. Governor Holden, of North Carolina, has announced that the interest on the public debt of that State, whether con tracted prior to or since the rebellion, will be promptly paid on and after October 1. The Railway Market has done a large business in a large way during the week, closing generally lower, except on Toledo and Wabash, which has been forced up to 58 from 531, yielding 11, however, at the latest sales. This not heretofore been esteemed a valuable property, and the advance, like John Allen's piety, needs confirmation. Reading sold down to 891 from 911, on an immense business done, under the report that the colliers have given notice that they will stop work on the 19th unless rates for mining are advanced. Tho St. Paul Stocks have passed the North-westerns on the upward journey, and reached 90 for common and 911 for preferred. The scheme for con solidating the Atlantic and Great Western with the Erie is being actively prosecuted, and the former company have issued a pamphlet giving the proposals submitted to the bond and debenture holders by the directors, with a view to the reorganization of the company. The total bond and share capital account of this wretched concern will foot up $63,060,056. It may not be known that one important cause of the decline of this property (aside from wasteful and corrupt expenditure and management), is that, being a broad gauge road, it has been shut off almost completely fro& its western connection, by the fact that the Ohio and Mississippi Railroad,under influences adverse to the Great Western, has taken up its own rails and is re laying them for a 4 feet 81 inch gauge. And as the Great Western runs neither east nor west, but south-west and north-eas t,it receives very little tribute from the roads which cross it. As it stands, its financial condition is deplorable, and fast growing worse. Throwing it in with the Erie will make neither of them less beggarly ; but it will make a grand subject for Wall-street speculation. The vagaries and vicissitudes of old Erie will be nothing to the perfor mances and experiences of this now monster of insolvency. Meanwhile Erie stands at 46 to 47, and it is said several noble craft are taking in full cargoes at that price as a minimum. Pacific Mail has had a varied fortune, rising once to 1041. No adequate cause could be assigned for the movement, and the stock fell back to 1021 at the close. There have been stories afloat of new difficulties experi enced by the Webb opposition in transit across Nicaragua. Express stocks rallied during the week, and made their recent losses generally good, but closed heavy. The aggregate imports of foreign merchandise at the ports of New York, since Jan. 1, 1868, are $175,249,989 against $181,724,724 for the same period last year ; the exports of domestic produce and miscellaneous goods for the same time have been $109,372,023 against $123,774,772; the exports of specie of all descriptions for the same time have been $65,022,527 against $42,177,026 ; the arrivals of California gold and silver have been $29,168,180 against $21,042,842. Included in the exports of the week are 1,804 bales of cotton. The market in this staple is greatly de moralized, and nobody seems to know its price. The week closes with a decline, middling uplands selling down to 271. The lowest grades aro relatively higher, as the lots of cotton now coming forward are chiefly of the better qualities. For future delivery there is some inquiry ; new sales were made at the close of the week at 25 cents for October delivery and 23 cents for November. American hay still continues to be highly appreciated abroad. The English article has advanced £7 a ton, while the American sells at £5 to £5 ss. The export for the week has been 821 bales. Prices close strong at a slight advance. The export of petroleum from January 1 to September 4 has been 65,747,702 gallons, against 40,645,171 for the corresponding period of 1867, 38,849,674 in 1866 and 11,555,023 in 1865. Au entirely new feature in our Treasury movements is the chipment of gold bars by Chinese merchants resident in San Francisco. 'l'rado is still vary backward. New York is crowded with buyers who will not buy ; and the general expecta tion of a decline in prices prevents action. The elec tion unquestionably exerts an influence to delay business, and the uncertainties of the political, social, and financial situation aro doing more harm than can well be appre ciated. With Grant, we shall have trade as well as peace. In cottons, a concession of cent. per yard has not per ceptibly quickened sales. Dealers are not supposed to yield further, and there the matter stands for the present. In woollens, trade is considerably more active, and may be pronounced good for this season. Flannels particu larly are in earnest demand and large sales aro made. Im ported goods are steady and prices are without marked chabge. Breadstuffs still tend downward, and holders are disposed to make some concessions, yet not enough to effect large sales. Cern and oats are a trifle bettor, Hops and tobacco are coming in well. A decline must inevit ably take place in the former, though some relief is likely to be afforded by au export movement. (From the JYall-street Journal) FRIDAY EVENING, Sept. 1 The cheapness of Railroad Gold Bonds his influencing considerable purchases, particularly of Union Pacific, Central Pacific and Rockford, Rock Island, and St. Louis. Mining Stocks continue very dull, and the transactions are mostly confined to New York (of Colorado), Quartz Rill and Smith and Parmelee. We also note several pur chases of Grass Valley (of Colorado), at 39 cents. Ma riposa has taken a start, and considerable business done in Common gitock at $4, and l'reerred ki took up to $ll. NEW YORK‘RA.TES OF EXOILINGE, Sept. 11, 1868. Sixty Days. London Bankers London, Prime Commercial lOBl-108k ...... „ Paris, Bankers Bremen, Bankers Hamburgh, Bankers 351-351 ...... Frankfort, O.AI . 4Ol-404 ...... Berlin and Cologne Antwerp 5.24-5.111 ...... Amsterdam, Bankers Swiss CLO SING PRICES. PUBLIC FUNDS. Three Daps• 1091-1091 Sixes, 1868, registered • — to -- Sixes, 1868, coupon. — to Sixes, 1881, coupon ll4l to 114 k U.S. 6s. Pacific It-tilioad — to Five-twenties, 1862, coupon Five-twenties, 1864, coupon Five-twenties, 1865, coupon Five-twenties, 1865, coupon, new Five-twenties, 1867, coupon .... 108; to 10 8 k Ten-forties, coupon lOBl to 109 Seven-thirties, 2d series Seven-thirties, 3d series - Oregon War Loan, Sixes. 1881 - U.S. 5-20 Coupons, 1868 llO to 1101 RAILROAD AND MISCELLANEOUS STOCKS. N. Y. Central 1241 Fort Wayn© ............ 1071 Erie fludson Reading Mich. South. &N. 83;1 W. U. Telegraph ...... . 3 ; Illinois Central Cleveland Pittsbrg B5l Ohio and Mississippi... -4 .1 North-West North-West Preferred 87 Cumberland ............. 05 Canton.. - Bankers and Brokers... I" Rock Island Cleveland and Toledo 1001- St. Paul Preferred Express Stocks are unsettled. We quote : Adams 481 to 4„ American ... 431 to 'la Merchants' Union, 35 per cent.... ~. '22 to 2 2 4 United States 441 tA , ‘ , 4 r a Wells, Fargo, and Co. ... 251 to 4 '"* The Union Pacific Railroad Company, at a ~e " gular meeting of the Board of Directors, last were", voted $3,000,000 of the First Mortgage Bonds W he laid aside in trust, as pledged to spend 1 1 1 )° „ 11 culverts, bridges, &c., of the already accepted Pa r ': of the road. This pledge puts the road in a y e % strong position, showing the determination of rr t directors to make and keep a first class road. , u ," irectors have agreed upon a contract with N-"A Boomer, of Chicago, for the superstructure fo; substructure of an iron bridge over the Niss,° ll is River, between Omaha and Council Bluffs. u bridge is to cost a million and a half of doll ars :: probably two millions with the approaches on. tßu t Council Bluffs side. All the roads centrehig tt Council Bluffs are to pass over it—the Rock Is loa, Cedar Rapids, and other roads. (From Messrs. L. P. Morton and Co.'s Circular.) NEW YORK, Sep t ' g The money market exhibits an ease beyond what t g been anticipated for the period when the croraovtrVia r usually induce a heavy drain of deposits tot he intet, Within the last four weeks the deposits of the banksi ll '' s been reduced $24,000,000, and the legal tender, $8,000,000, while the loans and discounts have been c „ i 'ds tailed only $8,000,000. This heavy outflow a fu" has exhausted the banks of national bank cal ten' has produced an extreme scarcity of small legal t lc if ders; but the rate of interest, nevertheless, remairis 6t f' ea at 4 per cent. on demand loans, and 61 to 7 per cer," far discounts of prime paper. It remains to be seen ber .fhe r this condition of the market may be affected by a f„s demand for currency from the West, for moving the cri;'of of the more northern sections ; by possible withdraw a e jog currency into the Treasury, its curceucy balance being the now only $15,000,000, or $32,000,000 less than a same period of 1867 ; or by the preparations for the q: o f terly Bank statement, to be made up on the st' October. bl The following is the text of the Funding Act p assed Congress at the close of the last session:— nebts An Ac t providing for the payment of the Natio ns,. and for the reduction of the rate of interest there°';',ol Be it enacted, &c.—That the Secretary of the Trloods is hereby authorised to issue Coupons or Registered mribe, of the United States in such form as he may Prescsate: and of denominations of $lOO, or any multiple of s ta tes, redeemable in coin at the pleasure of the United °,`ToNs after 30 or 40 years respectively. and bearing the f ° ', o io, ing rates of yearly interest, payable semi-annually, th irtf that is to say : The issue of bonds falling due la t o; years shall bear interest at four and a half per ce 6 ,, s t at and bonds falling due in forty years shall bear int e , r ,l i ere" four per centum, which said bonds, and the interes" e s or on, should be exempt from the payment of all tat%o es duties to the United States other than such income may be assessed on the owners, as well as from tr„titbo' in any form, by or under State, municipal, or loom: 1 . the rity, and the said bonds shall be exclusively used ' ° ,,t a redemption of, or be exchanged for, an equal al u state s any of the present outstanding bonds ' of the Unite .. s a to known as the Five-twenty Bonds, and may bee Psurinsi an amount in the aggregate sufficient to cover h pal of all such Five-twenty Bonds, and no more. ~e r ibi Sec. 2. And be it further enacted, That th ere la igo odS appropriated out of the duties derived from import ° suet' jute the sum of $135,000,000 annually, which sum duritl fiscal year should be applied to the payment Of ti"„ebli e rest, and to the reduction of the principal of thej sec debt, in such a manner as may be determined bYh:reofte,f retar3 of the Treasury, or as Congress may -smiting direct, and such reduction shall be in lieu of the % t itle. fund, contemplated by the fifth section of the Act e 'il o fes, "An Act to authorise the issue of United Slat es feed' and for the resumption or funding thereof , and for ro ved ing the floating debt of the United States, app February 25, 1862. a ta i Sec. 3. And be it further enacted, That from an o ra' the passage of this act, no percentage, deduction! _il be mission, or compensation of any amount o r kind sllogy allowed to any person, for the sale, negotiation, r6i.joitca tion, or exchange of any bonds or securities of 0 0 Tres; States,' or of any coin or bullion disposed of at tha ri ,ifea sury Department or elsewhere on the account of the u_ States. And all acts and parts of acts authorising o'lias mitting, by construction or otherwise, the Secrets*? 'roper Treasury to appoint any agent other than some X at ioa, officer of his department to make such sale, rieg c e rebi redemption or exchange of bonds and securities, are A repealed. IVO (From the Monthly Circular ofenry Clews and Co., York, Sept. 9.) 6 01° ' The strong upward tendency of the gol d Pr bso based upon considerations stated our last circulaa, to, been checked by causes which could hardly have beet', the ticipated. Certain of the foreign bankers, confident of nomination of Chief Justice Chase for the Presidencp „clit expecting as the result a renewed demand for our abroad and a decline in gold, early in July made couS v•- 0 able shipments of Five-Twenties and sold large ar eolP i d of gold " short." Mr. Chase was not nominate d, and g ar , advanced 6 to 8 points above the figures at wh i c h these roi ties had sold it. In order to check the upward tendenci.ls, gold, based upon the prospect of a foreign drain of spade.s, these operators made further immense shipments of bony The total amount of securities thus exported , during ~J4:1;t0 and August, is variously estimated at from $30,000'0,0 $45,000,000. The consequent large supply of exc li st ait not only enabled the agents of Baring Brothers bri dgedt o F over $5,000,000 of the Alaska money in bills, hut .i over the adverse trade balance, and averted, teralrol at least, a large outflow of specie. This unexpect eu em ianl; ment has checked the rising tendency of the P r ro bebk; unless, however, Germany, contrary to or dinarY P lity, should take permanently this extraor dinary be bonds, this change in the course of the market m ay ultimately reversed. (Front Messrs. Satterthwaite's Circular.) t. 23. London S s On the London market there has since our'last p e en an little a more activity, and quotations generally.' exll o t r dvance on the week, still relatively with Vices the ported by telegraph. 5-20's of 1865 and 10-40's arson the cent. lower in London than in New York, Wh ile big her other hand Erie shares are from 2 to 21- per cent. here than there.73cl To-day the old issue of 5-20 Bonds were takends so but at that price they close sellers ; the 1862 D° ll , t ivelt the 10-40's being 71-1 to and 661 to 671 resPe-lottinii The improvement to 911 to ' 921 in Illinois has lea beso caused by the fall in gold, but for Erie there ktt s s col; good demand, and they leave off 32 to 1. Firs t c but fe" rency and Sterling Bonds have been inquired for, are off • ering. -4/ t lid ' . . - EC [ADVERTISEMENT:I Holloway's Ointinen. 9 owe / need only a single trial to make known their Or' with; no outside sore or inward inflammation can lengortee stand the cooling, purifying, and healing influence° ! A pt c l !,. by these two medicaments. ' Be te mischief r o ',„g, 0 chronic, grave or slight, painful or simplY at ' l lO ble will succumb before the curative virtues of tbe,, oo l l) , ° rem n edies, which can they rightly applied by any e r ; v illic's wi attentively read r aecoirpanying directieL'ohni 0 are propounded in the plainest ge e langua void of "Vi tl' erms, and printed in the most legible terS• .. ,,a D . A: Ina s n of business confined to his counting-bouse l'i o r th e -a sed by engagements these pills are invaluabielerieS9' man of pleasure addicted to free living they are Pv BowLES—On the Istd odh tile r f ult.,Birth F s. w.i f, of twine apta dH i . n a: E go d ha w te ard Bowles , a6tOthYlztaibflaes, gg alllit)j° ' the rs 21th inst., at Downing, Flints e' the DENBIGH—On of Denbigh, of a daughter. the Wife 01 FIFE—On the 25th inst., at 150, Harley-street? Col. Fife, Royal Engineers, of a daughter. GAIN—BURTON—On Mthea"24itahgthesst., at st.J °":' r allf.4 ; B lEt i o • s i cid x il t i o oi n if. , c Margaret Elizabeth, only HASTING—LYNCH— rowhurst-road, Brixton, to Tbsnigs bury, Middlesex, ° E n t . t at 13 i;' lig foilotes: he 24th ins ~ f of Eustac_o t county Kildare Jameq E. Ilastiog,,%ehter —sq , to Elizabeth, eldest as 1. DCRNHAM—On the 20th J. M. Lynch, of White . leas, Esq. daughter 0 13 f 0;t00, o Esq., of Havannah, agDedi inst., at hats.rrenlen, _. -rr,-.1 13 11111b9°1 CoRFE—On the 25th inst., at CJurtney I ,od g e ' S°lltl39 t; James Corfe, aged 83. Ses, GORE—On_ the 21st inst at St. Leonard'S-0; L go a o d d y , E E l s iz q a ., b o e f th 7, Gore, sister'' to the Earl of I ' lll i :Pr T rpz 0 0 , 7 1 HA.noooD—On the 21st inst ., at trightorl, "--- : g od • . oft MILMAN—On the 24th inst. , at Queen's -bill LoTi.ari o f . the Very Rev. Henry t Allman, P.D.? °le y Hart 1 , Paul's, aged 78. Iligbbury-place, Islington, ... ,e, Asegt, London : Printed and Published by W11,51,1/1.-- 14 Oti go of No. 112, Strand, Printer, at Tan t 46 ON ° 4l" 'Clo stran di in the Precinct of the Savoy , in Middlesex:--Sastarday, September 26, OM Kn This ( prize Me Iti P Sold I' the Agar Obser hen's LI mu 14, R ADVAN hold or able wee Forms f] 11, 0 11 0 RO' C A A'l Rooms and Co. an attr Dance 3 NIA DELI, 31 to the years of till 10 p D", provod remedy Gout, delicate drop, al 172, Ne Fu' aambor or unfit hoods o ratty.—l square. gousF 0, pR( all dcs' for outl Humph nom of transfer in Ho ROI Vented ages. gestion commas health braces street, sPA 2 speedil: bs. stamps. all Oho AV' This pi hours, for 60 ChonliE IP curls L Sold at and 111 GRI colour i fectly 61; se OhemiE LI A moves Withou id. ; se DID E VEGE Rallavn stamps all Oh( g ,, f3Vell ( lremain Stamps, and all ........_. hG ini th, born, 1 !IRMA _D" IMP( and m, city, B •lust