The Sun.
London, England, 1865-12-20 00:00:00

lam- ~-~~

American Finance.

The following letter has been addressed to the
editor of the Anglo-American Times

It is very evident from the comments of a large portion
of the press, and the random speculations of many of its
contributors, that few of them understand either the ex-
tent of the resources of the sUnited States, or the har-
monious working of her institutions, most of which boar
more or less directly upon the subject under considera-
tion. They seem to overlook the fact that the Govern-
ment of the United States is a Government by the people
and for the people-that it begins and ends in the people—
that the officers of its various departments aro delegated
agents, and that the measures they adopt, both legislative
and executive, are but the index of the will of the people,
and that as both rulers and ruled have mutual interests
involved in the general welfare and prosperity of their
common country, they must of necessity unite in adopting
and carrying out such measures as shall best conserve the
greatest amount of good to tho greatest possible number of
its citizens. It is impossible to come to a just conclusion
in the matter, without, in some degree, understanding the
nature of those institutions and their effect on the American
character. Neither can we without this knowledge
understand or fully appreciate the deep sense of individual
responsibility inculcated as part and parcel of the educa-
tion theory of every American citizen.
It is well enough to discuss fully aid fairly the question
of income and expenditure, and to speculate upon probable
resources as based on present developments, but as so
much on that subject has already been brought before the
public, let us from another standpoint take a view which
we do not remember to have seen before presented.
To the different evidences of indebtedness, which the
United States issued on the breakng out of the civil war,
were attached such conditions of time, rates of interest,
ch., as to render them profitable investments for her own
people, of whom the loan was to be obtained ; and, further,
the issues were of such denominations as to bring them
clearly within reach of all classes. So that while patriotic
SMITH out of his abundance subscribes thousands, his man
JONTs, equally loyal, equally ready, and with an eye to the
fact that six per cent. compounded interest is much better
than five, while seven and three-tenths is a capital chance
for investment, brings forward, as thousands of his fellow-
countrymen do, the little sum laid by for a "wet day,"
and also, with SMITH, becomes a creditor of that Govern-
ment for which they each cast one vote, and in which each
has one voice.
Talk to either of them about non-payment or repudiation,
Satrrn's honest indignation is aroused at even the implied
doubt of his country's honor. " Matter-of-fact" Jens
will tell you, "It can't be done, for the interests of both
rich and poor aro alike involved ;" that, "'tie
for even self-interest forbids repudiation, and is tv sure
guaranty of repayment.
JoNEs is right, and if he in patient confidence can afford
to await the issue, we certainly ought to be willing to
trust to the good sense and untiring energy of that people
so ably represented in the Presidency by a man of the
people, to settle this question in their own good time, to
the perfect satisfaction of themselves, the Times, and "all
whom it may concern."

BREAKFAST BEVERAGE.—Homeopathic practitioners, and
the medical profession generally, recommend cocoa as bein..;
the most healthful of all beverages. When the doctrine of
homeopathy was first introducer into this country, there
were to be obtained no preparations of cocoa either attrac-
tive to the taste or acceptable to the stomach ; the nut was
either supplied in the crude state, or so unskilfully manu-
factured as to obtain little notice. J. Epps, of London,
homeopathic chemist, was induced in the year 1539 to turn
his attention to this subje t, and at length succeeded, with
the aFsistance of elaborate machinery, in being the first to
produce an article pure in its composition, aid so refined by
the pert, et trituration it te7eives in the process it pa.:se,
through, as to be most acceptable to the delicate Ftornach.
For general use Epps' cocoa is distin3.utshed as an invizo-
rating, grateful breakfast beverage, with a delicious aroma.
Dr. Hassalt in his work, "Food and its Adulterations,"
says—" Cocoa contains a great variety of important nutritive
principles ; every ingredient necessary to the growth and
sustenance of the body." Again, "As a nutritive, cocoa
stands very much higher than either coffee or tea." Direc-
tions : —Two teaspoonfuls of the powder in a breakfast cup,
tilled up with boiling water or milk.. Secured in tie-lined
1-lb., 1-Ib., and lib. labeled packets, and sold at Is. 61 per
lb. by grocers, confectioners, as.d chemists.

HOUSES.—Messrs. TOPLIS and ROBERTS
have numerous furnished and unfurnished TOWN,
k:uourban, ald Country REsIDENCES to LLT or SELL"'
Particulars forwarded for three stamps, upon stating exact
requirements and rental. Offices, 2, Conduit-street, Regent-
street, and South Kensington, lacing the Museum.

Will be Published on the 6th of JANUARY, and con-
tinued weekly, price 6d.,
TII E BULLIONIST,
A RECORD OF
FINANCU, COMMERCE, AND POLITICAL
EGON ONLY.
Proceedings in the Stock Exchange, and Course of Prices
—Criticisms on Public Companies—Antecedents of Direc-
tors and Promoters—Reports of Meetings of Shareholders—
Popular Digests of Financial and Mercantile Law Cases
—Railway History of each Week—Mining History of each
Week—Coal, Corn, and Produce Markets—Rwviews
of
Publications on Currency, Commerce, Industry, and Art—
Suspended Firms—Bankrupts and their Balance Sheets—
Financial Views of the Daily Journals —Weekly Accounts
of the Banks of England and France—Weekly Analysis of
the Position and Prospects of American Securities—lndian
Finance—Proceedings with respect to Defaulting States
(Spain, Greece, &c., &c.) Finances of Foreign keTovern-
moats—City News, and Rumours of the Week—Parlia-
mentary Discussions—Trade Legislation— Correspondence,
Home and Foreign, &., &c., &c.
All letters and communications respecting Advertise-
ments and subscriptions to be addressed to the Publisher
at the offices of "THE BULLION'S; No. 7, Finch-lane,
Threadneedle-street, E.C.

TV HE ATRE ROYAL, DRURY-LANE.—
Managers. ‘tessrs E. Falconer and F. B. Chatterton.
NO TICE.— FOUR SPECIAL MORNING PERFORM-
ANCES of the PANTOMIME, on WEDNESDAY,
December 27th, Thursday; 28th, Friday, 29th, and
Saturday, 30tb,.and every Monday, Wednesday, BOXING
d Sa-
turday during the month of January. On BO
NIGHT, and each Evening during the Week, the Peral-
-
formances will commence with the Farce, by. Edmund F
coner, entitled HUSBANDS BEWARE. Principal charac-
ters by Messrs. G. Belmore, C. Harcourt, F. B Miss
E.
C.
Warner; Misses Hazlevrood, R. Leclercq., and
Falconer. Concluding with the Drury Lane Annual Grand
Christmas Pantomime, written by, E. L. Blanchard, Esq.,
entitled LITTLE SING PIPPIN; or. Harlequin Fortu-
natus and the Magic Purse and Wishing-cap! The gor-
geously beautiful character of the decorations, inclusive
of more than the usual amount of scenic surprises
and transformation wonders, are insured by the
fact of their being entirely designed and for the
most part executed by the celebrated artist William
Beverley, whose eminent services have been retained
this Christmas exclusively for the Theatre Royal, Drury
Lane. The general action of the pantomime arranged by
and the whole produced under the direction of Mr. Robert
Roxby. Characters in the opening : Miss Hazlewood, Miss
Augusta Thomson, Miss E. Leclercq, Miss E. Falconer,
Miss Clara Morgan ; Mr. G. Belmore, Mr. Barshy, Mr.
Fitzjames, Mr. G. Weston, Mr. Henri Drayton, and...faster
Percy Roselle. The Harlequinade includes the ser-
vices of those popular pantomimists (forming a double
company), Harry i3oleno and Mr. C. Laure, Clowns ; Mr.
W. A. Barnes and Mr. J. Morris, Pantaloons ; Mr. Cor-
mack and Mr. S. Saville, Harlequins; Mdme. Boleno and
Miss Laura Morgan, Columbines. The masks, devices, and
dresses, from designs by the humorously renowned Dykwyn-
kyn. The Music selected and arranged by Mr. J. Barnard.
Machinery by Mr. J. Tucker and assistants. Gas Illu-
minations by Mr. J. Hinkley. Properties by Mr. Need-
ham, R. Glindon, and Assistants. Dresses by Mr. S.
May and Mrs. Lawler. The Dances and action of the
Ballet arranged by Mr. Cormack. Comic Scenes, Tricks,
ice., invented by Messers. H. Boleno and Cormack.—T he
performances to commence every evening at seven o'clock
precisely and terminate by eleven o'clock. Box office open
from ten till five daily.

THEATRE ROYAL, HAYMARKET.-
SOle Lessee and Mane ger, Mr. Buckatone.
THIS EVENING, THE OVERLAND ROUTE : Messrs
Chas. Mathews, Buckstone, Chippendale, Compton. Rog re,
Clark, Gordon, Braid, Coe, .to ; Mesdames Mathews, Snow-
den, Hill. Wright, Coleman, Lovell, kc.
To be followed by L'HOMME BLASE (USED UP). Mr
C. Mathews. _
To conclude with 3IY HUSBAND'S GHOST.
Commence at Seven.