The Sun.
London, England, 1863-08-11 00:00:00

THE SUN, LONDON, TUESDAY EVENING, AUGUST 11, 1863.

ONEY MARK E T

AND
COMMERCIAL INTELLIGENCE.

CITY, TWELVE O'CLOCK.
A further increase of business is reported to-day
in the general discount market. Bankers and
brokers, although anxious for business, find their
available supplies very much reduced by the ad-
ditional demand for commercial and agricultural
purposes. The terms, out of doors, have, through
all these circumstance, risen to the level of the Bank
of England, and a considerable increase is reported
in the number of inquiries at that establishment.
The effect of the various influences now at work
is regarded as temporary, but they may, neverthe-
less, exert an influence, and make quotations frac-
tionally higher.
The Eilora, which leaves to-morrow for Bom-
bay, will convey £132,020 in silver,
gold.
and L 7,500 in

A further sum of £35,000 in gold was taken into
the Bank yesterday, but 100,000 sovereigns were
withdrawn for transmission to the Brazils.
The Bank of Holland has reduced their rate of
discount from 34 to 3 per cent.
During the last few days there has been very little
animation in the Foreign and Colonial Produce
Markets. Sugar, however, has been in fair request
at steady rates. For coffee there has been a mode-
rate inquiry, while tea, rice, and saltpetre have
been neglected. In tallow the operations have been
very limited, and prices for both present and future
delivery have tended downwards.

Two o'CLocK.
At the half-yearly meeting to-day of the Bank
of Egypt, the report presented for the adoption
of the shareholders recommended the payment of
the usual dividend, at the rate of 7 per cent. per
annum. The net profits made during the six
months enaing the 30th of June last, amounted to
£13,895, including the balance brought forward
from the last account.

At Paris, this day, according to Mr. Renter's
telegram, the Three per Cent. Rentes were 67f. 25e.
Better.

Very little change has taken place to-day in the
market for the English Funds, but rather less
buoy ancy is apparent, and consols are 1-16 per cent.
lower, the latest prices being 92; 93 for money and
93 for the 9th proximo. The flatter tone may be
attributed to the increasing firmness of the money
market, and sales realise profits. The New Threes
and Reduced Annuities are 93 1, the New 5 per
Cents. do. 1074 1, and the Thirty Years d0.,15 1-16.
Bank Stock is marked 240. The India 5 per Cent.
Loan is better at 1081- the Debentures 1001,
and the Bonds 16s. to 19s. Exchequer Bills are
quoted 2s. dis. to 2s. prem.
There is not much variation in the Foreign Mar.
ket, and basiness is moderately active. Turkish
Consolides, 487- ; Greek, 32 ; Ditto, Coupons,
154 ; Mexican, 381 ; Spanish Passive, 321 ;
Ditto Certificates, 1241 ; the Confederate Loan
27 to 25 discount.
Transactions have taken place in Egyptian 7 per
Cents. at 103 a ; in the Moorish Loan at 96 ; in the
Portuguese 1853 Issue at 481, 1 ; in ditto, 1856.62,
at 47; 481 ; and in the Russian 1862 stock at 92.
Sardinian 5 per Cents. have realised 901, and the
3 per Cent. Spanish 54k. In Turkish securities
,t.he 1854 Loan has brought 921, the £lOO Bonds
d 4, the 1862 Issue 671 1-1, and the 1863 ditto 4i dis.
Venezuelan 6 per Cents. are 56k.
Business in the Railway Share Market has con-
tinued very inactive, and no material change can
be reported in prices. Great Eastern, North
Eastern (Berwick), and ditto York have each de-
clined about 55.; hile North-Western have im-
proved ss.

The Foreign and Colonial lines remain at about
former quotations.

Bank and Miscellaneous Shares are in limited
request at steady rates. Bank of Australasia
realise 771 78k- ; City Bank, 1091 ; Union of Aus-
tralia, 521 4 ; and Alliance of London and Liver-
pool have improved to 3311; Crystal Palace Stock
is quoted 40+ ; Hudson Bay Company, 26 31; Lon:
don Financial, 111; and Rio de Janeiro Improve-
ment, 271.
BRITISH. FUNDS—ONE O'CLOCK.
Bank Stock 240
3 per Cent. Reduced Annuities
3 per Cent. Consols Annuities
/New 3 per Cent. Annuities
New 2} per Cent. Annuities
5 per Cent. Annuities
xilinuities, 30 yrs, expire sth J an., 1680 —
Ditto for 30 yrs, expire sth April, 1885 l5 1-16
Ditto (Red Sea Telegraph), Aug. 1908 —
India Stock
Ditto 6 - Cr

pei ,ent lOBl
Ditto Enfaced Paper, 4 per Cent
Ditto 6per Cent. -

_-...,ent .. .......
...........
Ditto of per Cent .................
Ditto Debentures, 4 per Ct.., Oct., 1863 —'Ditto ditto April, 1864
Ditto ditto Aug. 186.1 or 66 100/
Ditto Bonds Rl,ooti ..................
Ditto under £l,OOO ............ 16 19
Bank Stock for Account
.............. Consols for Account, Sept 9 'l3k
India Stock for Account, 6 per Cent....
March, I June,
2% per Cent. 1 21 per Cent.
Exchequer Bills, £l,OOO .. par 2 die 2 par
Ditto £5OO •.. 2 dis
Ditto Small
FOREIGN FUNDS—ONE O'CLOCK,
Brazilian 5 per Cent —
Ditto, 1839 and 1859
Ditto 44 per Cent., 1852-58-60
Buenos Ayres , 6 per Cent —
Ditto 1 per Cent. (Deferred 3 per Cent )
Chi Ilan 6 per Cent —
Ditto 3 per Cent.
Equador New Consolidated, 1 per Cent —
_Egyptian 7 per Cent lO3l
Ditto, Second Issue
Greek 5 per Cent., 1824-5, ex-Coupons..
Ditto Account 32a t
Ditto Coupons '
Ditto Account —
Italian 5 per Cent. (Maremmana Railway)
Mexican 3 per Cent
Ditto Account 371 8 71
Moorish Imperial 5 per Cent
New Granada
Ditto 2 per Cent.
Peruvian 3 per Cent.
Ditto Account
Ditto 41 per Cent., 1862 .•
..
Ditto Account —
Portuguese 3 per Cent~ 1853
Ditto 3 per Cent., 1856, '7, '9, '6O, 62 -
Ditto Account
481 7i 8
Russian 5 per Cent., 1822, £ St _
Ditto 41 per Cent 1850.. • Ditto 3 per Cent., 1859
Ditto 5 per Cent. 1862 .. 92a
Bardinian el per Cent.......... —
Ditto Account
90t
Spanish 3 per Cent
Ditto Account
Ditto New Deferred
Ditto Account —
Ditto Passive
Ditto Account 32! a
Spanish Cert. of Coup not funded
Ditto
Turkish 6 per Account Cent. 1854
Ditto Account..
Ditto 6 per Cent. 1858
Dpiittt°o AZclcooo4Bntonds
74
Dittni6 bitto
Al.cer Cent, 1862
Ditto 6 °Ant .................
Ditto Gter Cteenetd.,7;%
CXeln9tl6s 8d pd. 44 dis
Venezuela 3'ate
Ditto A.„riaCeut.
Ditto 6 per Cent . 1 .
Ditto Account .
.'' --62
Dividends o;t . ;1::
~I.B6.la,bovle.2psayfraanbleesi.xi
_London.
Italian, 5 per t cut
Ditto Account ....
consolo, Money .................. TV 0,3 O'CLOCK.
Ditto Account ........
___

Liverpool Cotton Market,This pays
(REUTER'S TELEGRAM.)
Sales, about 1,000 Wes ; import, 2,462; previ-
ously 19,364.

S
Lady Macdonald and family ITaye—left Wallace's
Motel, St. George's-place!
Hyde- park-corner, for
TFIE FRENCII PRESS AND IMPERIAL/ Scotland,
"1•"---It 1•
said that the Dec de Morny complimented Al, de Girardl'B
and the Prose on the clever and consistent manner 11
in
they have argued and maintained their opinions
on
the Polish question.
TuE ARCILEOLOGICAL SOCIETY have selected
Warwick for next year's congress, appropriately enough, as
it is the tri-centmary of Shakespeare; and excursions will
thence be made to Stratford-upon-Avon, Lichfield, Coven-
try, and Kenilworth.
PRINCE NAPOLEON, while on his late Egyptian
travels, on arriving at a certain granite ,block near the firet
ile-cataract, found General Bonaparte's name erased from
wanitihnscziption which testified to his having advancA
.")31 so far
at lea4e4, The Prilaw tne inZulPt
once zutcred,

BRITISH POSSESSIONS.
Closin.v
Harr Railways Paid. Price. Business don,
100 L
atlantic &St wirene, all 61 (3
4tk j iloni.,Baroda&.Cent Inn
Gu. 5 per cent..
20 Do. New ........
20 Do. E. Shares. .
401 Outlalo and Laxe Huron al! 61 61
11ufialo,Brant,&Godrich
10 Do. Preference
tOO
-
o p. ct. bds. Aug. 1, 101
400 Do. do. July 1, 1873 100
100 to. do. June 1, 16;4 100
at
Cleutta.&S. Eastn. (Lin •, 100 107 1(8
st Cape Town & Dock Scril 100 Ics 108
stock Fastn. Bengal gu. 6p. c 100 109 110 1091
stock East Indian. gu. sp. c. 100 108 1 9 1081 8
20 DO. do. G Ext lO 11 )-ap
20 Do. do. H do.
stock Grand Trunk of Canada LA, 194 Ol
100 Do. Ist Pref. Bonds all 69 71 71
100 Do. co. deferred all 52 55
100 Do. 2d Pret. Bonus all 62 65 C 2
100 Do. do. deferred all 48 50
100 ,Do. 3d P ef. stock
100 Do. do. deferred all 33 26
100 Do. 4th Pref. sto.k all 23 24 23
100 Do. do. deferred all 20 23 20
stook Gt.lnchaPenin.gua.sp.c 100 ICB 109 lon /
20 Do. New gua. sp. n... 12 1 181
20 Do. January, 1862.. 8 1 11
stock Gt. South.of India (Lim:
guaranteed 5 per cent. 100 107 1( 8
205 Gt. W. of Canada Shares all 101 11 10/
201 Do. New .
100 Do. 6 p.c. '73 with't opt. all 95 98
100 Do. 51 p. c. do. '77-8.. all 90 52
10 Indian Branch Limited 2 45 p
stock Madras. guar., sp.c. .. 100 IC7 r.B Mt
stock Do. 4/ p. c. Extensios, 100 101 102
stock Dc. 48 d 0........ 100 S 8 1(0
20 Do. Fifth Extension. 2
stock nelb.Corp. 6p. o. Biad,.. 100
50 Melb. & Ilobson's Bay. all 55 57
100 Do. 7 p.c, Mortg. Bds. all
20 Newßrunswick Candi
Class A and B all 3 1
N.lll.C'das pc Ist pi bds 100 83 05
stock Scinde .......... (100 1075 1081
st 1
Do. Do. Delhi ' 100 11:7 kg
do •• , P
20 Do. Punjaub all i P
St Do. lb° 1(7 kg
ock I Du. indus.St. Flo.) (10) 103 1(5
,;()LONIAL GOVERNMENT SECL, 1c11.11.,_;5.
p.c.J &J ul)
1877-94 100 183 185 1045 35
Do. 6p. c. Feb.& Aug. 100 II 2 04
Do. dp. c.Mar.& Sept. 100 5 IC7
Do. fp. c. Jan.&July. 100 95 96 851
Do. d Inscribed stock 100 94 96
(..,BpeG.Hope, 6 p c,1871 100 108 110
I Do.Ap &Oct. 1881 100 112 114
I Do. 1891 100 113 115
IDo. Jan. & July, 1891.. 100 111 113
Ceylon, N0v.1878, 6p c 100 113 116
—Llauritins 6 per cent .. 100 106 107
:Natal Gov. 6 per cent.. 100 110 112
;.N1..1.1.G0v.6p.c.Ja.&Ju1) 100 105 Ic6
Do. dp. c.Ap. & Oct. 100
- N. S. W. G ov. 5 p 180 100 100 101
Do. sp. c.,lbia to 1.t,'71 100 101 102
- Do. d0.,1888 &upwds 100 1011 1021
- New Zealand 6 p cent, 100 110 112
Nova Scotia Gov. 6p. c.
sterling, 1875. lOO 105 106
Queensland Gcv. 6p. c. 100 C 0 112
to.Aus G1ip.c.1870.& up.. 100 110 112
- Vic. Gov. 6 p.e. Ja.&Jul) 100 107 109
'Do. lo 6 p.c. An.&Oot.. 100 1121 113 1121 13

Important Case under the Foreign Enlist-

ment Act.

BOW-STREET,-THIS DAY.

Mr. Alfred Styles, a gentlemanly young man, appeared

to answer to a summons wh.ch had been issued against him

on the representation of the Russian Government, charging
him with endeavouring to procure the enlistment of several
persons in England as soldiers to proceed to assist the
Poles, now fighting in opposition to the Government of
Russia.

Mr. Poland said he appeared at the instance of the Rus-
sian Government to charge the defendant with infringing
the 59th of George 111., c. 69, sec. 2, which made it a
misdemeanour punishable by fine or imprisonment at the
discretion of the magistrate for any person to
endeavour to raise soldiers to fight against a
foreign Power. The Russian Government had taken
the matter in hand, although it was usual for
the English Government to put the law in force on such
occasions, but the former Government had instructed him
to proceed against the defendant, because certain forms
would have to be gone through which would occasian delay.
Whether the English Government would eventually take
up the matter he could not say. The defendant was Lieu-
tenant Styles, late of the Garibaldian army, and on the 22d

of July last an advertisement appeared in one of the morn-
ing papers, stating that an engagement was open to several

young men to proceed abroad, and all :applications were to
be made to L. Z., 36, Seething-lane, City. The advertise-
meat was seen by a young man named Gregory, who went
to the address and became acquainted with the whole pro-
ceeding. Lieutenant Styles had formerly been in the
Garibaldian army, and be had also been in the Coldstream
Guards, and as he was a person who was well adapted to
carry into effect the project he had in view it was of im-
portance that he should be made to know that he was in-
fringing the law in acting as he had done.

John Gregory said—l am a schoolmaster, residing at
15, Lambeth-square. On the 22d of July I was out of em-
ployment, and about that date I saw an advertisement in
the Telegraph. I wrote a letter (produced), and proceeded

with it to No. 36, Seething-lane, Great Tower-street, whEre
I left it. On the following Monday, the 27th, I received
the circular (produced) by post, and a descriptive roll for

volunteers. I went to the address mentioned in the circular,
10, Buckingham-street, Strand, taking with:me.the circular
and the desctiptive form. It was about half-past 10 in the
morning when I arrived. There were some names on the

door-posts, and the place looked like cffices. Mr. Styles's

name was amongst those on the door. I knocked at Mr.
Styles's office door, when the defendant came out. I asked
him if he was Lieutenant Styles, to which he replied,
"Yes, I am." I informed him I ht.d called in answer

to the letter he had addressed to me. He replied, "Coma
in." I then took the letter I had in the first instance
received out of my pocket, and placed it on the
table, and said I should lika to know some particulars

about the affair. There were curtains up in the office, and,
having proceeded inside these curtains, we had a conversa-
tion. As near as I can recollect it was as follows :—Lieut
Styles said, "We aro determined to go out as soon as we
can. 'We have now over 250 men, and we wish to get about
50 of 60 more. They will be commanded by first•rate

generals, who have seen active service in Italy." He men-
tioned the name of Col. Forbes and, I think, Gen. Madam,
or some Buell name, as being two of them. I asked him what
authority he had for raising the regiment, to which he re-
plied he had at last received a communication from a Polish
General in London, and that he was going at the end of the
week to see the Polish General in Paris. I asked
him why the Poles did not fight themselves.

lie said they could not afford to fight better than
the English at present, as they were only trying to
harrass the Russians as much as they could whilst they
were collecting an army. I also asked him whether there
were any substantial men in England in connection with
him, to which be replied " Yes, there are." I think,
just at this time, two other young men came in, and he
went over portions of the conversation again. They did
not come inside the curtain, so I could not Bee whether they
had with them circulars. I heard one of the young men
say he was a corporal in one of the Artillery Volunteer
Corps in London, and he would wish to take the same
rank in Lieutenant Styles's regiment. Lieutenant Styles
told him he could not promise that rank, although it would
be very likely he would obtain it, as a great many of those
who would join would be unacquainted with drill. The
corporal asked what the pay would be, and the answer was
the same as that in the Polish army. He further asked
what other conditions were attached to the service,

to which Lieut. Styles replied the National Government
would defray all expenses, as they had plenty of money.
Lieutenant Styles told them that during the time he was in
Italy he did very well, although he had two very great
drawbacks. One was, that he went there very late, and the
other, that he was a prisoner fk,r eight months. The young
man asked how that was, and he said the vessel in which
he, with 800 more, was taken by the Government. Ile
next asked how he liked the imprisonment, to which he re-
plied, "Not at all; but it might have been worse." I then
asked—" Supposing the Polish insurrection was unsuccess-
ful, what would become of the Englishmen who might go
out." He said, "If it came to the worst, the British con-
sul would take care to send them home; but he thought the
gentlemen in England would take care that it would not
come to that. If they were successful they would have a
great deal of prize money beside pay, and also have
the advantage of seeing a great part of Europe."
Styles told the corporal ho hoped he would join, because he
would be a great addition. He said the volunteers would sail
in about nine days or a fortnight, but he would know more
about it when he returned from Paris. Ile was asked where

the vessel was to start from. Styles said he thought it
would be hardly fair to tell that, as the Russian Ambassador
might find it out, and he (St; les) might be served as he had
been served before. The National Government of Poland,
he said would charter a vessel as soon as the regiment was
ready to start and defray all expenses. The volunteers
would be drilled on board the ship. I don't recollect any-
thing further excepting the corporal asked for a few more
of the printed circulars, as he knew several ycung men in
his corps who had expressed a wish to join. He
gave him three or four, and told him to let him
know whether he would join and bring the others with
him. The two young men were complete strangers to me.
I filled up one of the blank forms produced, although I
had expressed some doubt about the affair. Lieutenant
Styles told me to call on him after he returned from Paris,
and he would state more to me; he hoped I would make up
my mind to join. I afterwards assisted to put some of the
printed formslinto envelopes, and he asked me to put them in
the Post-office. I should think I posted about 80 of them.
I was cautioned not to show the letters. As soon as I got
home I communicated with the Russian ambassador.

Cross-examined by Air. Lewis, who appeared for the
defendant—About two years ago I ceased to be a school-
master. I discharged myself. There had been no com-
plaint against me. Both the schools were in South Wales.
I consider I have a right to describe myself as a clerk, as 1
had about 12 months ago fulfilled that office. It was to a man
named Cordner. He wentaway with my money. I have been
kept by my friends for the last 12 months, During that time
I have lived at Brixton. No ono is at present in Court
who can confirm in any particular the conversation I had
with Lieutenant Styles. My interview with defendant
lasted about half an hour. I got an answer to every ques-
tion I put, but he seeemed to hesitate, as I thought. He
mane no secret as to the object of the advertisement.
Before I went to Lieutenant Styles 1 was aware of
what I was about to do. namely to write
to the Russian Ambassador. I made up my mind
to write the Russian authorities as soon I got the first cir-
cular, and I went to the defendant's place to learn a 3 much
as I could about the scheme before I did so. The advertise-
ments certainly did not give any information about assist-
ing the Poles; but when I received the circular I became
acquainted with the place. On Monday
the 27th I went to
Styles, and on the 29 th I received an answer to my communi-
cation from the Russian ambassador. I have not received
any reward for what I have done, neither have I received
any promise.

M.P., can speak to my re-
spectability. The reason I have not been engaged in active
employment for the last 12 months is because fur the greater
portion of that tinso I have been a patient iu the Consump-
tion Hospital.
I'tr. Lewis—And yet you enter yourself on the d eserip-
don roll as of sound constitution.
Frederick Harvey, of 50, Queen's-street, Pimlico, said--
On the 24th of July I saw the advertisement in the Tele-
graph. I sent an answer, and directed it 36, Seething-lane,
Great Tower-street, I enclosed the recommendation (pro-
duced) relative to my character. The next day I received the
note (produced) with the enclosed descriptive roll on the
20th. I thought the matter over on the Sunday, and after
that I wrote to the Russian ambassador, and after that I
saw on the 30th of July the Russian consul, and also the
solicitor acting for the Government.
After some further evidence, the case was adjourned.

Lady Victoria Wellesley and the Misses Tylney
Long have returned to Boln2y Lcdge, Sussex, from attend-
ing the funeral of the Eotrl of Merningtou, DrayeDt,
WO),

POLICE INTELLIGENCE—This Day.

MARLBOROUGH-STREET.

COMMITTAL OP A SYSTEMATIC ROBBER OP LICENSED
VICTUALLERS.—John Dean, described as a shoemaker. of
Devonshire-street, Lisson-grove, was charged before Mr.
Tyrwhitt with the following robbery :
Wm. Boden, messenger at the Marlborough-street Police •
court, said that on the previous afternoon ho was in Park•
street, Park-lane, when the prisoner, who was an old
" friend" of his (the witness was formerly a sergeant in the
D division), passed him. Knowing the prisoner's character,
and suspecting that he had some stolen property about
him, he followed him to Windham-place, Montague-square,
and then said to him, " Well, Jack, what have you got
about you ?" at the same time telling him that he intended
to have him searched. He then took the prisoner to the
police-station in John-street., Edgware-road, and a pewter
measure belonging to Mr. Brown, of the Blue Posts, Old
Bond-street, was found in each of his coat pockets, another
in his trowsers' pocket, and a fourth in his hat.

In answer to Mr. Tyrwhitt, Boden said the whole of the
measures belonged to Mr. Brown, and that the prisoner
had been convicted several times for pot-stealing, the last
time receiving twelve months' imprisonmentin April, 1E62.
Mr. Tyrwhitt committed the prisoner for trial,

THE MEXICAN QUESTION,

The following circular letter, addreseed by the
Secretary of State to the several American Lega-
tions abroad, acquires new interest from events nos►
transpiring :

" Washington, March 3, 1862.

" Sir —We observe indications of a growing im •
pression in Europe that the demonstration made
by the Spanish, French, and British forces against
Mexico is likely to provoke a revolution in that
country which shall bring about the introduction
of a Monarchical Government•, and the assumption
of the crown by a foreign Prince. Our country is
deeply interested in the pence of the world, and
desires to preserve loyal relations as well with the
Allies as with Mexico. The President has, there-
fore, directed me to submit to the rerties interested
his views on the new aspect of affairs.
" The President has relied upon the assurance
given his Government by the Allies that they were
in pursuit of no political object, but Dimply the
redress of their grievances. lie cntertairs no doubt
of the sincerity of the Allies; and if his confidence
in their good faith had been disturbed, it would be
restored by the frank explanations given by them
that the Governments of Spain, France, and Great
Britain have no intention of interfering to procure
a change in the constitutional form of government
now existing in Mexico, or any political change
which should be in opposition to the will of the
Mexican people. In short, he has cause to believe
that the Allies are unanimous in declaring that re-
volution proposed to Mexico is solely prompted by
certain Mexican citizens who are now in France.

" Nevertheless, the President regards it as his
duty to express to the Allies, in all kindness and
candour, that a monarchical government established
in Mexico, in the presence of foreign fleets and
armies, occupying the waters and the soil of
Mexico, has no promise of security or permanence ;
in the second place, that the instability of such a
monarchy would be enhanced if the throne were
assigned to a person alien to Mexico; that
in these circumstances the new Govern-
ment would instantly fall unless sustained
by European alliances, which, under the
influence of the first invasion, would be practically
the beginning of a permanent policy of armed in-
tervention by monarchical Europe, at once inju-
rious and inimical to the system of government ge-
nerally adopted by the American continent.
" These views are based upon some knowledge of
the opinions and political habits of American so-
ciety. There can be no doubt that in this matter
the permanent interests and the sympathies of our
country would be on the side of the other American
republics.
" We must not be understood as predicting on this
occasion the course of events which may ensue, both
in America and in Europe, from the steps which
are contemplated. It is enough to say that in the
opinion of the President the emancipation of the
American continent from the control of Europe has
been the principal characteristic of the past half
century. It is not probable that a revolutionin the
opposite direction can succeed in the age which im-
mediately follows this period, and while the popu-
lation of America increases so rapidly, while its re-
sources develope in the same proportion, and while
society forms itself uniformly according to the prin-
ciples of the American Democratic Government.
"It is unnecessary to indicate to the allies how
improbable it is that the nations of Europe would
accept cheerfully a policy favourable to a similar
counter-revolution, thus incompatible with their
own proper interests. Nor is it necessary to point
out that, notwithstanding the care of the Allies to
avoid aiding, by means of their land and maritime
forces, the internal revolutions of Mexico, the result
would be none the less due to the presence of their
forces in the country, however different the object
they may have proposed; for without their presence
it may be considered as certain that such revolutions
would probably not have been attempted or even
conceived.

"The Senate of the United States has certainly
not accorded its official sanction to the precise
measures proposed by the President, to lend our
aid to the actual Mexican Government, in order that
the latter might, with the approbation of the Allies,
extricate itself from its present embarrassments; but
this is strictly a question of internal administration.
There could be no. greater error than to see in this
disagreement a divergence of opinion in our Go-
vernment, or in the American people, in regard to
their cordial wishes for the safety, welfare, and
stability of the Republican Government in that
country.--I am your obedient servant,

" W. H. SEWARD."

(From the New York World.)

How the establishment of the Mexican Empire will affect
the future politics of this continent, and especially what
will be its immediate bearing on our national struggle, are
topics of speculation which have a far deeper than specula-
tive interest. Like all great and pregnant events, it needs
to be surveyed on several sides to take in its full import-
ance ; but just now its relation to the Southern rebellion is
the aspect which most nearly concerns ue, Oar complete
recovery of the Mississippi river by the capture of Vicks-
burg, which is the most important step thus far made in the
war, seemed, for the moment, to clip the wings of Southern
ambition, and to render it certain that even though the
South should ultimately gain its independence, it would be
a small Power, with a great, growing, and overshadowing
Power for its neighbour and natural antagonist, and with-
out any materials on this continent for constructing a ba-
lance like that which gives security to the weakEr Powers
of Europe. Had the South been able to hold the Mississippi
she would, in the event of her independence, control the best
routes for the Pacific Railroad, and might aspire to domi-
nion over all our possessions on the Pacific Coast. In that
caso the South would become a great, haughty, arrogant
Power, with whom we should probably never have ten
years of consecutive peace. But when we had wrested the
Mississippi from her grasp, we apparently took a guarantee
that, even if we failed to restore the Union, our preponde-
rance on this continent would continue so great that the
South would have every interest to cultivate with us pacific
relations.

This satisfactory view is very essential:y modified by the
proceeding which has made Mexico an appanage of the
French Empire. Nominally, France will merely exercise a
protectorate and Mexico will govern itself ; but nobody will
be deceived by so transparent a mask. The Mexican Empire
is set up by a French army ; French bayonets alone can
give it stability; whoever may be the monarch, he will be
the creature of Louis Napoleon. The crafty French po-
tentate will, of course, give the new Government a drapery
of Mexican nationality, just as, ten years ago, he attempted
to reconcile Republican France to despotism by the sham of
universal suffrage. But, he will be as absolutely the ruler
of Mexico as he is of France itself. Mexico, under this
regime, instead of being as heretofore a weak Power, for•
midable to no other, will be one of the strongest on this
continent. French enterprise and a steady Government
will devclope her magnificent natural resources ; v bile poli-
tically Mexico will be France. French diplomacy will con-
trol her external relations; French arms will back up all
her national quarrels. This French-Mexican Empire will
be the natural ally of the Southern Confederacy for various
reasons. In the first place, France assumes an attitude of
contempt and hostility toward the United States in the very
act of planting a monarchy on this continent. It is the very
case originally in the contemplation of the Monroe declara-
tion, which grew out of apprehensions that the so-called
Holy Alliance intended to subvert the recently formed
Spanish-American Republics, and force the monarchical
system on this continent. This declaration has been once
and again repeated in Presidential messages since Mr.
Monroe's time, and the prominence which has been accorded
to it in political discussions makes it as well known as part
of the policy of the United States as anything connected with
our history. Napoleon is not ignorant of a matter of such no-
toriety; he understands perfectly welt that it the United
States were the nation they were three years ago they would
compel him to undo his recent work. Another circumstance
which will make him the natural ally of the South is that
the contraction of the Confederate boundaries, made ne-
cessary by the fall of Vicksburg, must relieve him from
any apprehensions of Southern interference. and make it
his policy to erect, on this continent, a strong counterpoise
to the United States. If the North and the South seemed
to him likely to become two equally great noathtieorns
be his policy to play them off against eachothing and be a
to appre-
om
make-weight against them. But, withfrn
the other, he
hend from one, and much to apprehend
will not hesitate to determine in favour of
an alliance with

not yet exist i ©form ; the weaker.
Such an,
alliance probably does
but that it already exists in substance, or that thE is an
understanding between the Emperor and the rebel envoy
blidell, there is good reason to believe. An understaudin,
of this sort, whether in fact or iu prospect, bodes 110 good to
us. The danger was never so great as now that we must
encounter other arras than those of the Southa bdoo
thisrfectlier
contest is closed, If France were the only nation of E
or if the objects pursued by Napoleon ou this eolit • urope,
rot conflict with the interests or stir the entry"lent did
European States, the prospect might be more
we can now regard it. This new development appalling than
ambition is ealettlated tg a).artt:, ail Lwor,, i°, French
' I ...,-.: a Fyrnp..