The Sun.
London, England, 1864-07-27 00:00:00

Liverpool Cotton Market—This Day.

111,:rket quiet, but steady. Sales probably
6,000 bales.

The Directors of the National Bank have issued
their half-yearly report. The accounts, which are
brought down to the 3')th Juno last, show that, in
addition to the £500,000 profit on the issue of new
shares the nett ordinary profits of the Bank for that
period amounted to £89,567 ls. In estimating the
progress of the Bank this sum has to be compared
with a profit of £49,067 153 10d, which was the
amount earned for the corresponding half-year of
1863. The Directors have; however, declared their
ordinary and extraordinary d;: idends at the same
rates as on tho last occasion, feeling :_hat until new
and oldsharesshall stand up to an Equal amL:unt, viz.,
£3O per share, it will be more equitable to as7cu'
mulate in the reserve fund the amount of profits
realised in excess of the rates of dividends latterly
paid. For the half-year ending the 30th June the
dividend on the old shares is therefore declared at
the:rate of 8 per cent. per annum, with an extra
dividend of 163 per share, making together £2 per
share for the half-year, and the dividend on the
new shares is declared in gross at 63 8d per share,
the dividends on both being free of income tax.
The increase to the Rest or undivided profits (in-
cluding the premium on new shares) will therefore,
after the payment of these dividends, amount on
the half-year to £542,900 7s 83.
THE RIGHT OF MIGHT.—A remarkable case oc-
curred recently at. New York. Col. Arguelles, Lieut-
tenant- Governor of the district of Colon, in Cuba, captured
a large cargo of African negroes illegally landed within that
district, and received his share of the usual prize money
allowed. Subsequently he obtained leave of absence for the
purpose of proceeding to New York on private business.
The Captain-General cf Cuba represented that after the de-
parture of Arguelles it was discovered that he had retained
and sold into slavery 140 of the negroes, and that the Supe-
rior Court required his presence to warrant their prompt
liberation. There has never been any extradition treaty
between Spain and the United States, but nevertheless the
Spanish Minister at Washington asked, "in the interests of
humanity, and considering the gross and scandalous outrage
committed," that Arguelles should bo surrendered to the
authorities of Cuba. President Lincoln holding (as ho says
in reporting the transaction to Congress) that " a nation is
never bound to furnish asylum to dangerous criminals, who
are offenders against the human race," and believing this
to be a case for the exercise of comity towards a foreign
Government, ordered Colonel Arguelles to be seized, and not
taken 1 efore a legal tribunal, but conveyed on board a Cuban
steamer. The arrest was effected as he was engaged at his
morning toilette, in a room adjoining the chamber of his
wife, and the affair was managed so well that she was in
ignorance of his condition or destination until some days
afterwards she learnt both from the Spanish Minister at
Washington. The Wagington lotelligenc:r maintains that
it has always been held " that the President has no right to
arrest any one except for the violation of our own laws,"
it
there is no extradition treaty and Act of Congress enforcing
it. The Few York World alleges that the key to the trans-
action is that Colonel Arguelles has committed indiscretions
at New York, and has exposed too much the complicity
of the Captain-General himself in the slave traffic, inso-
much that the latter said, " I must have that man dead or
alive." Mr. Lincoln had him delivered on board alive.
RELIGIOUS LIBERTY IN NAPLES.--The munici-
pality of Naples have sold a piece of land to the Jews,
which these latter intend to convert into a cemetery. Under
the old regime they were not allowed to have a private
burying pound.