The Sun.
London, England, 1839-07-11 00:00:00

THE COTTON SPECULATION,

3d, It is utterly false that there was any consulta-
tion whatever on any subject between Mr. Bevan, Mr.
Cowperthwait, and Mr. Dunlap, or either of them, and
Mr. Rockwell and myself, or either of us.
4th, It is utterly fahe that I was in consultation with
Mr. Dunlap with one of the circulars in my hand. Mr
Dunlap, it is true, was in this city from Wednesday
afternoon until Thursday afternoon ; but I did not
know he was here until about an hour and a half before
his departure. I saw him then only accidentally for a
few minutes ; but at that time I did not know of the
circular, had never seen it, and never heard of it. I
did not know that it was either in existence or in con-
templation until Friday morning, when printed copies
of it were presented to me. •

In conclusion, I now repeat what I stated in my
former communieation, that the bank of the United
States had nothing whatever to do with the circular, so
far as I know anSbelieve.

S. V. S. WILDER

THE POST-OFFICE REVENUE

TO THE EDITOR 01 THE SUN.
SIR,—We are now in the dog-days, and if we may
judge from Sir Robert Peel's conduct the other evening,
on the New Penny-Postage question, some of the Tories
are already in a rabid state. The ideas and feelings of
these virtuous and upright gentlemen may be guessed
at, by the following definition of—

" EQUITABLE REVENUE.
" Money collected exclusively from the middling and
lower classes, and which operates as an embargo or
prohibition of all intercourse between the poorer classes
of the community, while the Nobility and Members of
Parliament, and persons in Government offices, with
nearly the whole of their friends and dependants, are
exempt from any payment whatever.
Take one case for example.—A labouring man
in the north of Scotland receives a letter from
his son in London, and he is charged eighteen-
pence, about a day's wages in that part of the
kingdom, and by the same post the Duke of
Sutherland receives packets containing letters for all
the gentry and visitors at Dunrobin Castle, post free !!
The poor man's eighteenpence which has cost
him a day's labour, goes to swell the amount of
the " Equitable Revenue," and the Noble Duke's ex-
emption, goes to swell the amount of those men who,
sooner or later, will put an end to such hereditary legis-
lation.

I remain, Mr. Editor,
ONE OF THE PEOPLE,

Bth July, 1839.

STATE OF TRADE.—There was a little more
inquiry for yarn yesterday than on the preceding Tuesday,
at prices about a farthing per pound below those which
prevailed at that time. The prices of cotton having de-
clined more than a halfpenny during the interval, the po-
sition of the spinners may be said to be slightly improved ;
but it is still far from being satisfactory, as, even at the pre-
sent prices of cotton, a loss must be incurred on all the
yarn spun. For goods there was not much demand yes-
serday ; and, so far as we could learn, very little business
was done. In consequence of the continued unsatisfactory
state of the market, the spinners and manufacturers of Ash-
ton, Stalybridge, Hyde, and the neighbourhood, whose
second term of agreement for working short time bad ex-
pired, determined to renew it ; and a fresh agreement to
the same effect as before was very generally signed yester-
day, and will no doubt be universally acted upon in that
neighbourhood.—Manchester Guardian.
NEWSVENDERS' BENEVOLENT AND PROVI-
DENT INSTITUTIGN.—Yesterday evening a numerous meet-
ing of the subscribers and friends of the above excellent
charitable institution, the object of which is to relieve
distressed and infirm tradesmen connected with the news
line, was held at the Crown and Anchor Tavern, Strand,
for the purrose of agreeing to certain resolutions, prepared
by:a Prol is:onal Committee,appointed at a former meeting for
the formation of the institution, and binding on its members.
Mr. Benson having been called to the chair, briefly stated
the object they had assembled to consider. The Secretary
pro tern stated that since the last meeting, in addition to
contributions from private individuals, he was gratified to
inform the meeting that he had received the following
donations from the public press :—viz., the Times, 50
guineas; the Morning Herald, 20/. ; the Standard, 10
guineas, and 11. annually; the Morning Post, 10 guineas;
Old Bell's Messenger, .51. ss. ; the Courier, 5 guineas ;
the Colonial Gazette, 3 guineas; the County Chronicle,
3 guineas ; the Spectator, 3 guineas ; the Gardeners' and
Court Gazette, 3 guineas ; the Argus, 11. He had
further gratification in informing them, that although the
other journals bad not as yet replied to the application
made to them, he had it from good authority that it was
only attributable to the proprietors being out of town, or
from press of business, as they were quite favourable to so
laudable an institution. The Chairman then proceeded to
put the resolutions seriatim, which, after some slight alte-
rations, were adopted. After a vote of thanks to the
Chairman, the meeting separated.

AMERICAN BOUNDARY QUESTION.—The
very protracted and expensive nature of the former survey
of the territory which Maine disputes with New Bruns-
wick having led to no results, the Senate of the United
States having rejected the decision of the King of the
Netherlands, to whom the dispute was referred, the new
survey now proposed by the American Government will
probably be carried into effect; and as a preliminary step,
her Majesty's Government has selected two Commission-
ers who have proceeded immediately by the British Queen.
to North America, to examine into the possibility of simpli.
fying this arduous undertaking, and bringing the question to
a prompt and honourable settlement. Lieut. Col. Mudge,
of the Royal Engineers, an officer of high reputation in
geodetic operations, is one of the Commissioners. The other
is Mr. Featherstonhaugh. This gentleman has been selected
as well for his scientific attainments, and his very intimate
acquaintance with the details of this troublesome question,
as for the topographical knowledge which his extensive
travels in North America have enabled him to acquire. It
is believed that the experience and judgment of these gen-
tlemen peculiarly fit them for the very responsible duty
they have entered upon.
CRIME IN CORSICA.—A memoir was read a
few days ago, at the French Academy of Sciences, drawn
up by M. Robiquet, a chief engineer of the Royal corps
of the Ponts and Ch aussees, who, during his stay in Cor-
sica, has carefully inquired into the offences committed
from 1832 to 1836, and derived his data from official docu-
ments. In that period of five years 338 persons were
killed, and 488 more or less severely wounded in a country
the population of which amounts only to 200,000 souls.
Most of the crimes arose out of enmity, agricultural
interests, and family rivalry. Seven-tenths of the indi-
viduals killed, and four-tenths of the wounded
in were
shot at. Most of the assassinations take place in De-
cember. January, and February ; autumn they are
not near so numerous. If such crimes were committed in
France in the same proportion, the number of persons
murdered would yearly amount to 11.000, and that of the
wounded to 27,0001 M. Robiquet has examined with
equal care the crimes committed in Corsica from 1826 to
1836, comparing them with those committed in France
during the same lapse of time, and be has found that the
crimes predominant in Corsica are rebellion, murder, ab-
duction of minors, robbery with violence
pon persons,
incendiarism, pillage, and plunder of grain, in bands and
with open force; whilst the less frequent' offences are
poisoning, violence towards parents, and domestic thefts,
all which crimes are much more frequent in France. In
Curs= there are many more crimes committed upon
in France.
persons than upon property. The contrary is the case

The principle subject of gossip in the commercial
circles of New York was an explanation which had
been offered by Mr. Wilder, through the columns of
the Express, of the share which he had in the con-
coct sin of the cotton circular. The following is his
communication :

TO THE EDITORS OF THE " EXPRESS."
I had supposed that my former communication of
llth inst., relating to the cotton circular, would have
satisfied the editors of the Journal of Commerce ; but
in this expectation, it seems, I have- been mistaken.
Had this journal confined its remarks to statements
founded on inference, I should have disregarded their
assertions as unworthy of notice ; but as they have
assumed the responsibility of using the expression
" We know," it cannot be submitted to with impunity.
In their paper of yesterday is an editorial article con-
taining the following extract :
" Lastly, Mr. Dunlap, the President of the Bank,
Mr. Cowperthwait, the cashier, and Mr. Bevan, of the
Philadelphia house of Bevan and Humphreys, were all
here and spent the day on Thursday, and were in con-
sultation with Mr. Wilder and Mr. Rockwell ; and we
know that Mr. Wilder was in consultation with Mr.
Dunlap, with one of these circulars in his hand."
In relation to the above, I deem it my duty to say,
and I do it in the most explicit manner,
Ist, It is utterly false that Mr. Cowperthwait was in
this city on Thursday, as stated above, or at any
other time fox: several weeks past.
2d, It is utterly false, that Mr. Bevan spent the day
here on Thursday. He was here, I am informed, on
Friday ; but I did not see him, nor did Mr. Rockwell
see him, nor did either Mr. Rockwell or myself know
that he was here.