The Sun.
London, England, 1839-06-03 00:00:00

LATEST NEWS FROM AMERICA

By the arrival yesterday at Liverpool of the fine steamer
Liverpool. from New York, whence she sailed on the
evening of the 18th ult., we have received files of Ameri-
can Papers of a date twenty-four days later than those
previously received. The yLiverpool has brought 86
cabin passengers, among which were the lion. Daniel
Webrter, the celebrated orator, and his lady, and the
bearer of despatches, from the Governors of Upper and
Lower Canada to the Colonial Secretary. The news
brought by the Journals is not, politically speaking, of
much importance. All was comparatively quiet on the
frontier. The following official correspondence from the
Washington Globe is all that appears on the still perplexed
and seemingly interminable boundary question:—
(Eatract. ) -
MR. STEVENSON TO LORD PALMERSTON.

Lord Palmerston has probably already been apprised than
among the proceedings of the Congress of the United States at
the close of its late Session, provision was made for a special
mission to Great 13ritain in relation to the subject of this con-
troversy, should it, in the opinion of the President, be (learned
advisable to appoint one. In virtue of this provision, the un-
dersigned has now the honour of acquainting his Lordship that
the President of the United States, desirous of conforming to
the indicated wishes of Congress, has directed him to announce
to her Majesty's Government his willingness to institute such
a mission, and change the place of negotiation, which had here-
tofore been agreed on, from Washington to London' ; provided
it. should be agreeable to her Majesty's Government to do so,
and would, in their opinion, be the means of hastening or faci-
litating the final adjustment of the controversy.
In submitting this proposition to the President, which he has
now the honour of doing, the undersigned flatters himself that
Lord Palmerston will net fail to appreciate the motives which
have influenced the President in making it, and see in it, not
only an additional proof of his desire to terminate amicably this
protracted and painful controversy, but the earnest solicitude
which he feels to place the relations of the two countries
beyond the reach of those casualties by which, in the present
state of things, they are so liable to be injured.
To this proposition the undersigned has been directed to urge
the early consideration of her Majesty's Government.
(Signed) A. STEVENSON.
23, Portland-place, 'March 30, 1839.
(Extract. )
LORD PALMERSTON TO MR. STEVENSON.
Her Afajesty's Government consider the communication
which Mr. Stevenson has been instructed to make to the under-
signed upon the subject of the proposed mission of a special
envoy to England as a fresh proof of the friendly disposition of
this President, and of the frankness which it is hoped will
always characterise the intercourse between the two Govern-
ments ; and her Majesty's Government hasten to reply to that
communication in the same spirit and with the same frankness.
Undoubtedly if the state of the negociation were such that
the two Governments were at liberty to arrive at a final and
immediate settlement of the controversy, by a conventional
division of the territory in dispute, her Majesty's Government
would be of opinion that advantage might arrive from the
mission proposed to be sent to this country by the Govern-
ment of the United States. But Maine having refused to
agree to a conventional line, and another reference to arbi-
trrtion being in the present state of the matter out of the
question, the only course left open for the two Governments,
with a view to arrive at a solution of the controversy, is to
cause a fresh survey of the territory to be made, for the purpose
of endeavouring to trace upon the ground itself the line of the
treaty of 1783 ; and the undersigned is sending to Mr.
Fox, for the consideration of the President, a draft of a
convention for the purpose of regulating the proceedings of the
Commissioners to be appointed by the two Governments for this
end ; and her Majesty's Government hope that the report of
these Commissioners will either settle the question at
issue, or furnish to the two Governments such informa-
tion as may lead directly to a settlement. But this being
the present state of the matter, it appears to her Majesty's
Government that a special envoy now sent from Ame-
rica would not, upon his arrival in this country, find
anything to discuss or settle in connection with this question,
the discussion or settlement of which could be of importance
commensurate with the expectations which such a mission
would naturally excite on both sides of the Atlantic; and that
if, in consequence thereof, the envoy so sent were to return to
the United States before the two governments finally settled the
whole question, a disappointment might thereby be created
which, however unfounded it would be, might, nevertheless, pro-
duce bad effects in both countries.

ller Majesty's Government having thus stated, without re-
serve, their impression on this matter, leave the decision of it to
the President; and the undersigned has only further to assure
Mr. Stevenson that her Alajesty's Government are ♦ery
sensible to the spirit of friendly confidence which has dictated
Mr. Stevenson's communciation.

( Slimed)
Foreign Office, April 3, 1839.

PALMERSTON.

The following are extracts from the American Pa-
pers:—

NEW YORK MONEY MARKET.
SATURDAT MORNING, Mar 18.—The Stock Transactions
yesterday were extremely moderate, but prices were very well
sustained. The only fluctuation that occurred on the rates of
the day or two preceding, was a decline of about 1 per cent.
upon Harlem Railroad Shares, which is about the advance that
was obtained on that stock on Thursday, on the previous rates.
The Money Market. remains very much in the condition in
which it has been for the past week or more—and the most
unfavourable feature that we perceive in it at this time, is the
advanced rates in exchange upon Europe. There appears,
however, but little likelihood that rates on England and
France will go so high as to cause any considerable demand for
specie for the purposes of exportation to those countries at pre-
sent, as the extensive shipments of Cotton now going forward
to those marts, will tend to so far equalive the Exchanges, as
to prevent such a call upon our merchants and Banks, of that
nature.

The high prices that American Securities command in
England, also operates materially against all demands for
specie for any balances of trade there may be against the
United States. United States Bank Stock, too, is a more
profitable remittance to England, at 118 dollars per share, than
Bills of Exchange at 10 per cent. or specie at its present prices.
The rates of Exchange upon England, throughout the week,
and for transmission by the steamer Liverpool to-day, have been
large at .1,85 dollars to 4,86 dollars (9i to 9i per cent.) the
pound sterling. A considerable amount of British Govern-
ment Bills also have been sold at 4,87 dollars (.c.q per cent.) the
pound sterling. Bills on France 5,15 f. to 5,17 ii.
The Manhattan Fire Insurance Company have declared a
dividend of ten per cent. payable on the Ist of June.
Upon the Southern and South Western Securities of the
country, there has not been any material alteration in the state
of the Monet Market or the Exchanges for a week or two.
SALES AT THE STOCK EXCHANGE-111Ar 17.
20 Shares Hank of Commerce
10 do. Union Bank

50 do. Dry Dock Bank losk
50 do. Leather Maud. Bank
18 do. Seventh Ward Bank
100 do. Delaware and Hudson s ads 80
50 do. Ohio Trust Co
20 do. N. American Trust and Banking Co B5
63 do. United States Bank
28 do. Vicksburg Bank ... 61
25 do. Bank of Kentucky sl9 June 89A
50 do. Morris Canal b 306 50
10 do. Canton Co. s &Is 46
25 do, Mohawk Railroad ...b ads 64A
40 do. Stonington Railroad 36A
1.50 do. Harlem Railroad
TRADE OF• BUFFALO.—The Journal of the 15th inst. says—
" Notwithstanding the favourableness of the weather the past
has not been an active week. This may be attributed to the
frequent breaks in the canal, and also to the continued easterly
winds which have blown, thereby keeping back many vessels,
particularly schooners, which after all bring the most wealthy
and acceptable cargoes. As regards the canal, the disappoint-
ment is unfortunate and vexatious in the extreme, many of our
merchants not having yet received their fresh goods."
Mir lIIGA N.—The same paper remarks :
" Affairs in the interior of Michigan still wear a gloomy as-
pect. Bills only of a few banks out of Detroit are taken in
trade, and the community are suffering for want of a circu-
lating medium. In Detroit, however, matters begin to assume
a better prospect. The Post says, "fhe city is teeming with
life and activity : our wharves are crowded by arriving and
departing steamboats—flour, grain, and the other necessaries
of life, pouring into our warehouses, waiting for trans-shipment
across the lake—swarms of newly arrived emigrants are crowd-
ing our railroad cars, in pursuit of a settlement in the bosom of
our beautiful peninsula, and give cheering token of a busy and a
profitable season. Real estate has also taken a start, a fourteen
foot lot on Wood and Avenue, somewhat removed from the
business part of the city, went off for 5,000 dols. cash.'
" The affairs of the Michigan State Bank, are in train of
amicable adjustment ; 70,000 dollars of its bills have been re-
deemed, and its present circulation is said to be about fifty
thousand dollars.'