The Sun.
London, England, 1865-02-04 00:00:00

people the advantages of the old Union without its
evils. The policy of both nations would be the
Monroe doctrine.

The New York Tribune asserts that the impression
prevails in diplomatic circles that Mr. Seward has
committed ' the Government to the Mexican policy
of the Emperor Napoleon.

A resolution has been introduced into the Wash-
ington House of Representatives declaring that the
Spanish seizure of the Chincha Islands was part of
a Franco-Austrian scheme to subvert the Spanish
American Republics.
The House has passed a bill reducing the duty on
printing paper to 3 per cent. ad valorem.

The Canada has arrived out.
COMMERCIAL INTELLIGENCE.

NEW YORK, JAN. 25 (Noon).

Money easy. Gold has fluctuated since Monday
between 197 and 206, it is now quoted 2051. Ex-
change on London, 2261 ; on Paris, 2.10 to 2.134 ;
Stocks declining ; New York Centrals, 105 ; Illinois,
113; Erie, 691 ; 5.20 U.S. Bonds, 1071. Cotton
declining. Middling Upland, 82c. to 85c. Flour
very deal. Wheat declining. Corn heavy. Pro-
visions declining. Coffee, sugar, and molasses
quiet. Petroleum heavy. Crude, 45c. Refined,
63c.

PER TELEGRAPHIC NEWS ASSOCIATION.
(Per China via Crookhaven.)
NEW YORK, Jan. 25.

Grant telegraphs the destruction and evacuation
of forts Caswell and Campbell, - and the works on
Smith's Island, Smithville, and Reeves Point, also
the capture of 162 guns. It is rumoured that the
Confederates have destroyed all the blockade
runners inside the bar, also the Tallahassee and
Chickamauga, and set fire to thirty millions of
cotton ; the two latter ruinours are not credited.

An Alabama paper reports Hood's army in excel-
lent spirits, and larger than when it entered Middle
Tennessee. General Joe Johnston has been re-
instated in command. The Whig says Hood was
relieved at his own request. Beauregard is at
Tupel.
The Richmond papers are very warlike. The
TVhig says there is no thought of yielding or fail-
ing, but it demands that Congress pass the neces-
sary army bills without delay. The Inquirer says
let peace slide, but should the South be finally con-
qured Europe will be responsible. It then
threatens:to march with the North on Canada, cap-
ture Cuba, and drive the Emperor Maximilian from
Mexico. The article is highly sensational.
The Examiner severely condemns all peace pro-
jects, and says war not peace is the business of the
Confederacy, and all talk about peace is irrelevant
and senseless. The South is able, at this hour, to
put half a million fighting men in the field, and
still leave enough for agriculture and manufactures.
If Congress cannot do its duty and drop its peace
imposture, it should be superseded by a Convention
of States. The same paper asserts positively that
Secretary Seddon has resigned.
The House authorised, by a vote of 43 to 31, the
introduction of a bill impressing all cotton and
tobacco in the Confederacy on Government account.
It has also, in secret session, endorsed by a vote of
62 to 14, the Senate resolutions making Lee Com-
mander-in-Chief. Mr. Foote reappeared in the
House, defined his position and withdrew. He said
he endeavoured to go to Washington to make peace.
The latest advices from Richmond report an
address from Congress, assuring the people of its
unalterable determination to continue with all its
energy the struggle for independence, and of the
final triumph which must crown its efforts.

Captain Semmes has reached Richmond after a
tour through the South. At a speech in Charlotte
he said that despite the reverses Confederate pro-
spects were still bright.

General Thomas with most of his army will re-
main in the West to watch Confederate movements.

The Golden City from San Francisco of the 23d,
took 665,000 dollars in gold to Panama for Eng-
land.

The sugar crop of Honduras is enormous.
The Richmond Enquirer argues that blockade
running has wasted the resources of the South to
benefit speculators in England and the United
States. The port of Galveston, it says, should be
closed to blockade running at once, and not another
bale of cotton be permitted to leave the South.
The Macon Telegraph advocates the abandonment
of all the sea ports of the Confederacy, and concen-
tration of all forces in the interior.

It is doubtful whether Lee will accept the pro-
posed appointment
.of Commander-in-Chief.
72 lives were lost by the blowing up of the iron-
clad Patapsco, off Charleston.
2,500 bales of Government cotton were recently
burnt at Augusta and Hamburg.
A correspondent reports 40,000 " contrabands"
in Washington, many without food or fuel, and in
a perishing condition.
Gen. Terry demanded the surrender of Wilming-
ton on the 19th.

Gen. Sherman writes that every point in South
Carolina lies at his mercy. .

One thousand bales of cotton from Mobile, in
exchange for clothing, reached New York yester-
day. The Savannah cotton is expected daily.
Commodore Solmes, commanding the squadron
off Mobile, has returned to New Orleans.
Gen. Granger made a reconnaisance of East Pas-
cagoula river, but, finding too many torpedoes,
returned. _

A heavily armed floating battery and ironclad lies
off Mobile.

CANADA.
QUEBEC, JAN. 24.

The conduct of the Southern refugees in Canada
has been denounced in the Canadian Parliament,
and a determination has been expressed to stop the
abuse of asylum. A commission has been appointed
to inquire into the release of the St. Alban's raiders,
and the conduct of Judge Coursel, who has been
suspended by the Government. The Finance
Minister has presented estimates, including a sum
of $50,000 to make good the money returned to the
St. Alban's raiders, which has been claimed by the
United States.

The Toronto Leader asserts that the British Go-
vernment has ordered 30 gunboats from England
to the LakeS, as soon as navigation is opened.
The Toronto Globe, however, denies the truth of
this statement.

Burleigh's counsel has moved for a writ of
_Habeas Corpus at Toronto.

MEXICO.
NEW YORK, JAN. 25.

Unreliable reports received here via San Fran-
cisco state that the Mexican Government has ceded
Sonora, Sinaloa, Chihuahua, Dorango, and Lower
California to the Emperor Napoleon.
Ex-Senator Givin, of California, has been ap-
pointed Viceroy, with the title of Duke.
The steamer Golden City sailed from San Fran-
cisco on the 23d with $600,000 in specie for Eng-
land and $260,000 for New York.

ARRIVAL OF THE BING OF ITALY
AT FLORENCE.
FLORENCE, FEB. 3; 11 40 r.m.
King Victor Emmanuel arrived here at 10 o'clock
this evening.
The city is illuminated and decorated with flags.
A very large number of persons thronged the
King's line of route to the Palace, and enthusiasti-
cally cheered his Majesty. The National Guards
are under arms. Shouts were raised of " Viva it
Re Galantuomo." On reaching the Palace the
King came out on the balcony in response to the
acclamations of the people.

FRANCE,
p7eh, 3.--Ihe market has assumed a