The Sun.
London, England, 1862-05-08 00:00:00

tion with army supplies, is dull and unprofitable ;
many branches of internal trade are dead. Expen-
ditnre by the Government only increases. Members
of committees of Congress, Cabinet Ministers, and
their counsellors, estimate the expenses at 4,000,000
dols. per day. With no tax laid or law modelled
which is likely to pass to raiso it we are in a sea of
paper, deepening every hour. First, the Treasury
Department issues ' demand notes' made legal
tender for all payments, excepting dues for imports;
then, ' certificates of debt' from the Government to
individuals, payable at various dates and convertible
at the will of Government into 6 per cent. loans ;
next, ' quartermasters' certificates' for claims audited
are in large quantities in the market; the two and
three year 7, 30, 100 per cent. loan closes the list
of paper floats for the present. This sort of thing
buoys the Government ship along through the
breakers for awhile. Meantime the banks through-

out the whole country are putting all the paper out
they can print and sign. Engravers are up to their
eyes in work, and presses print money night and
day, and with value thus represented gold has a
premium of 2 per cent. or less, leaving the country
weekly and being forgotten in daily exchange,
where it is rarely ever seen. How long will this
last ? How long has it lasted ? Answer the ques-
tions, ye who can, but remember you are dealing
with a mad nation who know not what they do. I
send you a newspaper clipping from the Ledger
of this morning :
" ' Washington, April 19.—The prospects for
passage of the Tax Bill are as remote as ever, and
there are not a few who predict that it will finally
be turned over, as was the Bankrupt Bill, until
the next Session. The main reason for this is the
diversity of opinion that is found to exist in the two
Houses upon the question, and the well-known fact
that a large number of the members are anxious to
feel the pulse of their constituents before casting
their vote in the affirmative for this or any other
tax bill that may be offered. With regard to
the bill already framed by the House, the Senate
Committee have so dissected it that a long discus-
. sion must follow ere it is put to a vote, and even
should it go through that body it is exceedingly
doubtful whether the House would agree to sanction
the change that has been made. Altogether, the
subject is found a most intricate and troublesome
one, and it is next to impossible to tell what will be
the upshot. That something must be done, how-
ever, by the present Congress is a fact that will
admit of no questioning, as otherwise the country
will b 3 entirely at sea during a long and anxious
summer, with finance and trade in a most un-
settled and wretched condition.'"

BURSTING OF A SLUICE NEAR LYNN.

The Denvers Sluice, about two miles from Lynn, has
burst, and the whole district of the Middle Level, the
drainage of which was one of the greatest engineering
exploits of modern times, is in danger of being again
submerged.
The existence of a hole against the eastern door of the
sluice has been known for more than three weeks, but the
authorities, placing implicit reliance on the stability of the
work, leisurely advertised for tenders to repair the damage,
and took no immediate precautions, About a week since,
however, the hole was found to have seriously increased
In Size, and puddling was tried, but as the hole continued
to deepen at the rate of about 16 inches an hour, alarm
began to be felt. Early on Sunday morning last great
masses of earth caved in and in less than two hours there
was a breach 20 or 30 feet wide round the end of the sluice,
and a hole 10 feet deep under the first pair of doors. the
imminent nature of the
danger which threatened the district
then made apparent, and in a very short
short time 18 or 20
men, with as many carts, were on the spot, and the most
strenuous efforts were made to fill the hole with earth and
straw. About 11 o'clock, while the men were at work, the
tide began to rise, and its first impetus smashed in the wing
next the cut. This obstacle removed, the tidal waters
rushed up with increased violence, and a few minutes after-
wards the two arches fell, crushing the iron doors, with a
report like a cannon, and smashing great barges almost like
bandboxes. "Altogether," writes an eye-witness, "it was
such a scene as has never been witnessed here before, and
will never be forgotten by those who saw it." The tide
now rushed up the Ouse with unrestrained fury, and the
strongest fears aro entertained that a high spring tide will
burst the banks of the river, and lay thousands of acres of
the most fertile land in the Fens under water. On the
western side of the cut the water is already trickling through
the bank, and a high tide may do injury which years of
labour will scarcely be sufficient to repair. The Middle
Level Commissioners are fully alive to the danger which
threatens them, and are making every effort to avert it.
Still the utmost excitement, as may easily be imagined,
prevails throughout the whole district drained by the
Ouse. It is estimated that an outlay of at least £30,000
will be required to repair the damage at present done.

[AnvEnmBr.mENT.]—Holloway's Ointment and Pills
Diseases of the Glands.—When the glands about the neck
or elsewhere are inflamed or enlarged, Holloway's Pills
may be rubbed in with the most implicit confidence of its
arresting the disease and preventing disfigurement. The
affected part should be fomented with warm water before
friction with the Ointment, which thus more readily caters
through the cuta 'aeons pores, and acts mole directly on the
blood, :lymphati c.s and glands both in and beneath the
skin, and roots out the malady without irritating or annoy-
ing the tenderest skin, Holloway's Pills should be taken
while this treatment is pursued ; they are remedies, which
acting through the medium of the constitution., exercise a
I most beneficial influence over the local disease,