The Sun.
London, England, 1865-11-17 00:00:00

e-c_)

America,,-as lie informs us, not as a-politician, but
simply as a man of business. He went, also, not
with the idea of flattering the Americans. In coin-
pany with several prominent and well-known Eng-
lish business men and capitalists, including such
well-known names as James Mllenry, Esq., and
E. J. Satterswaithe; Esq., he Vent over :for the
purpose of studying American finance, and learning
from personal inspection the present position and
prospects of American wealth and power. In all
this he returned more than satisfied. Everywhere
along his route, over more than five thousand miles
of American territory, he saw evidences of the
wealth,• energy, and enterprise of the American
people. The Times says that the Americans may
be expected to rebel against the payment of the
taxes. Sir Morton Peto says there is a feeling of
confidence throughout the North which never
existed before—confidence in their almost unlimited
resources. The Times says the people are oppressed
by taxation, and impatient of the burdens im-
posed on them. Sir Morton Peto says that
notwithstanding the taxation to which the
people cheerfully submit, they are expending money
lon internal improvements on a munificent scale.
He found that the little city of Boston had ex-
pended upwards of five millions sterling during the
war in the extension of her public buildings. He
found that New York had built one of the most
magnificent parks in the world, the works of which
have been constructed during the war.. He found
that the Americans had brought more than
25,000,000 additional acres of ground into culti-
vation during the last decade ; while the public
works, the bridges, the roads, the universities, the
hospitals, are all on a most magnificent scale. He
..-
' adds, that no person possessed of the least informa-
tion on the subject can doubt the ability of the
Americans to pay their national debt; and any one
who expressed a doubt of their willingness to do so
would be treated with contempt. With regard to the
armies of the United States, he says that four
months before his -arrival in. tbs. country the
army numbered 1,200;000 glen. General Grant
informed him that he had already mustered
out 875,000 men, and they did not intend
to keep up an army of 50,000 men. Sir Morton
finally declares that " a nation which has such con-
fidence in itself, and which, instead of keling a
standing army to tax the energies of the 7ople,
can at once send them back to the ranks of
industry, affords an example which European
nations would do well to imitate." We have
neither time nor space to refer further to
the really admirable and truthful speech of Sir
Morton Peto ; we would only remind our readers
that this is no exparte statement of one who is un-
acquainted with the facts. On the contrary, Sir
Morton merely bears testimony to the truth
already over and over again stated by others, and
corroborated by the personal experiences and obser-
vations of the whole party of intelligent British
capitalists and men of business who accompanied
him on his recent American tour.

BANK OF FRANCE.

PARIS, Nov. 16.

The following is the return of the Bank of France
for the week ending to-day, together with the cor-
responding figures of the previous account :