The Sun.
London, England, 1862-01-08 00:00:00

FRANCE.

The Illoniteur publishes the following letter from
Vera Cruz of the 30th Nov. :
" In the midst of embarassments and internal
struggles, the Government of Juarez has, up to the
present time, affected the greatest indifference to
the remonatranees of Europe. At six o'clock in
the evening of the 11th inst., the delay given to
the Mexican Government by the French Minister to
reply to his ultimatum, expired. On that day
only the Minister of Foreign Affairs communicated
the document to the Congress at a private sitting.
A few days after, was made known the refusal to
accede to the conditions which the French Minis-
ter had been charged to demand in the name of
the Emperor's Government. Mr. Corwin, the
United States Minister, endeavoured, it is said,
to bring about an arrangement, but on the other
hand it appears certain that at a national fete
which took place in Mexico on Nov. 3, the French
Minister, while walking in the crowd with one of
his colleagues, was insulted in the most brutal man-
ner by one of the adepts of the Government of
Juarez. The Mexican press has since that time
launched out in the most violent manner against
M. Dubois de Saligny. The Government gave
orders to prosecute the journals which published
offensive articles against the French Minister, but
they only gave way to still greater violence in their
remarks. The situation of affairs became every day
more and more difficult. What is most curious is
that it does not appear at all impossible that before
the arrival of the allies, the Government of Juarez
may be overthrown by his rivals in the country,
and put to flight."
BOURSE, Jan. 7.—The market has shown rather
more buoyancy, and a fair amount of business has
been transacted at an improvement on the closing
rates of the previous day. Threes, for the Account,
are now at 67f 75c. Railways firm.
The following are the last quotations :-
41 per per Cents ... 96 50 , Credit Fonder 1167 50
Do. end month.... 06 65 Belgian 41 —
3 per Cents
Do. end month 67 90)Roman
Bank Shares 2950 Austrian
Credit Mobilier.... 715 Spanish Threes —
Do. Account 717 50 Home Debt

TILE EUROPA AMERICAN MAIL.

The arrangements for expressing the American
mails throughout from Queenstown to London,
which we described as being so successfully executed
with the mails brought by the Africa last week,
have been repeated with still more satisfactory re-
sults in the case of the mails brought by the Eu-
ropa. These results are so exceptional that we re-
cord them in detail. The Europa arrived off Queens-
town, about five miles from the pier, at 9 p.m. on
Monday night. Her mails and the despatches from
Lord Lyons were placed on board the small tender
in waiting, and arrived at the Queenstown pier at
10 5 p.m., at which point they were transferred to
an express steamboat for conveyance by river to
Cork. Leaving Queenstown pier at 10 10 p.m. they
arrived alongside the quay at Cork at 1: 15 p.m.,
and 13 minutes afterwards the special train left the
Cork station for Dublin, accomplishing the journey
to Dublin (166 miles) in four hours and three
minutes, i.e., at a speed of about 41 miles an hour
including stoppages. The transmission through the
streets between the railway termini in Dublin and
by special train to Kingstown occupied only 36
minutes, and in four minutes more the special mail-
boat Ulster was on her way to Holyhead, The dis-
tance across the Irish Channel, about 66 statute
miles, was performed by the Ulster, against a con-
trary tide and heavy sea, in 3 hours and 47 minutes,
giving a speed of about 171 miles an hour. The
special train, which had been in waiting for about
48 hours, left the Holyhead station at 8 13 a.m.,
and it was from this point that the most remarkable
part of this rapid express commenced. The run from
Holyhead to Stafford, 1301 miles, occupied only 145
minutes, being at the rate of no less than 54 miles
an hour, and although so high a speed was judici-
ously not attempted over the more crowded portion
of the line from Stafford to London, the whole dis-
tance from Holyhead to Euston, 264 miles, was per-
formed by the London and North-Western Company
in exactly five hours, or at a speed of about 52 2-3
miles an hour—a speed unparalleled over so
long a line, crowded with ordinary traffic. The
entire distance from Queenstown pier to Euston-
square, about 515 miles, was thus traversed in 15
hours and three minutes. or at an average speed of
about 341-, miles an hour, including all delays neces-
sary for the several transfers of the mails from boat
to railway, or vice versa. The time occupied by the
similar express with the Africa's mails was 16 hours
and 50 minutes, and not 17 hours and 10 minutes,
as was stated in our last account. By means of the
invention for supplying the tender with water from
a trough in transitu the engine was enabled to run
its first stage of 1301 miles, from Holyhead to
Stafford, without stopping.

BULLION IN THE NEW YORK BANKS.

The further decrease of £500,000 iu the stock of
bullion in the New York banks, announced to have
occurred during the week preceding the departure
of the Europa, coupled with the fact that the rate
of exchange was at 1101 to 111, confirms the im-
pression that we may now, at any moment, fxpect
to receive the news of a suspension of specie pay-
ments. It was mentioned some months back that,
owing to the smuggling operations on the Canadian
frontier, and the necessity for paying for coffee,
sugar, hides, and other South American produce, of
which the New York market had been allowed to
run bare, the currency difficulty might assume bad
proportions, through the exportation of gold North
and South, previously to its being fully consum-
mated by a heavy resumption of remittances to this
side. The prospect that hoarding would be sud-
denly resorted to as soon as the idea of a possible
suspension entered the popular mind was also plain.
The Europa, sailing from Boston, has brought only
£21,420, and the total we have yet received does
not much exceed £lOO,OOO. It is evident, there-
fore, that the other causes have been predominately
in operation, and, from the circumstance that the
deposits have decreased nearly as much as the
specie, there is reason to infer that, although the
New York press have hitherto endeavoured to
assure the people that an inconvenient outflow of
bullion was impossible, the practice of hoarding has
commenced. During the present month remittances
equal at least to about a million and a half sterling
must be made to Europe for dividends on various
kinds of American securities, and each incoming
steamer will, consequently, be likely to bring re-
ports of increased pressure, if not of actual panic.
At the departure of the present mail gold was at
to 1 per cent. premium. That there was still much
anxiety among the mercantile classes on the war
question is evidenced by the circumstance that th©
whole of the Anglo-American bankers who have
been in the habit of giving out East India credits
have seen fit to cancel all their outstanding ones.