The Sun.
London, England, 1862-01-16 00:00:00

CAPRERA.

General Garibaldi has addressed the following
letter to the Society of Young Abruzzians sitting at
Naples, and which had named him its Honorary
President :

" Caprera, Dec. 24,

" Thanks for the honourable title of your liono-
i rary President. As a generation destined to great
Ithings, important duties devolve on you. The
country finds itself placed in a situation of consid-
erable difficulty, but it will come victoriously out
of the trial, thanks to the and inexorable con-
stancy of its children. Vultures and ravens accus-
tomed to feed on dead bodies still hover over your
dne country, and find food. Spreading darkness
over the land, they find proselytes. It is to you,
young men, the cherished of God, that it belongs to
dispel this darkness, and to build, on the ruins of
ignorance, the edifice of human dignity. Be the
apostles of truth: You will find it in the bottom

of your soul. In order to arrive at the free exercise
of your apostolate you must add to the sacred word
of truth which is to confound impostors the power
of force; not that force which subjugates, but that
which is destined to deliver slaves. Arm your-
selves, for God's sake, arm yourselves, all, and I
promise you that the road which will lead Italy to
the rank which is destined by Providence for her
among nations will be very easy.

" Yours, &c,,
" G. GARIBALDI."

DIMINUTION 01 SPECIE IN A MERICA.

The mercantile letters from America yesterday
show that some of the leading bankers have a full
sense of the financial disgrace and contusion im-
pending over the country. In one week the New
York banks had sustained a diminution of £1,500,000
in their stock of specie, and the amount now held
was only £4,600,000, or less than half of the total
of last summer, when the Secretary of the Treasury
and all the public journals were giving assurances
that, notwithstanding the war expenditure, there
was a prospect rather of a continued influx than of
a reduction. At the meeting of the New York
banks at which the act of suspension was resolved
upon in concurrence with the Government stoppage,
a resolution was adopted declining to subscribe for
the third £10,000,000 loan, of which they were to
have the option up to the 15th of the present
month—an essential measure, since out of the total
of £24,000,000 already advanced the public had
not taken from them more than £7,700,000. Under
the circumstances, the Government, in their need,
had already begun to put forth their inconvertible
paper, and, as it was known that there were enor-
mous arrears due to contractors and others, it was
supposed that to appease the Glamour of these par-
ties a large flood would Llmost immediately be
poured out. In addition to these claims there was,
even at present, a floating debt of more than
£20,000,000 to be provided for. Gold had advanced
to It to 2 premium, and was likely to rise rapidly
on the least increase of demand for export or for
hoarding—the latter being a contingency especially
to be apprehended. Still there was no talk of re-
ducing the operations of the war to a scale in pro-
portion to the crisis, and little prospect of any
response on the part of the people to a demand for
an adequate increase of taxation. Indeed, the
symptoms were that any attempt in the latter
direction might at once bring about a political re-
vulsion. The cry for promoting an insurrection
among the coloured population of the Confederate
States was gaining force, owing to the desperate
state of affairs, and, looking at the threatened hor-
rors, whispers were at length heard among pru-
dent and rational people of a wish that, " for the
sake of humanity," European intervention might
be found practicable.-2imes City Article.