The Sun.
London, England, 1862-07-14 00:00:00

AMERICAN FINANCES.

Although the premium on gold at New York has
advanced, as we predicted, to 110, and the future
financial difficulties of the American Government are
immeasurably increased by the defeats at Charleston
and Richmond, the crash which is destined to be
witnessed may possibly not arrive at its most com-
plete point until a couple of months hence. In the
first place, the immediate effect of the new Tariff
Bill, which is to enable the United States to take
the place in the commercial world lately vacated by
China and Japan, will cause all the goods at present
held in bond to be rapidly cleared from the Customs
so as to avoid the augmented rates, and the Govern-
ment revenue will thus, for a short time, be largely
swollen ; and, in the next, there will be a sudden
suspension of orders for European goods, which
will limit the demand for remittances to London
and Paris. For several weeks, therefore, the
people at large, of whose want of knowledge of
even the rudimentary principles of political economy
it is impossible, as has often been remarked, to form
too strong an opinion, are likely to be deluded by
assurances as to the working of the measure, and
the danger of panic will be'delayed. This absence
of panic is insisted upon by all the journals as a
proof that everything is in a sound condition, and
although there is nothing more frightful than the
ultimate recoil from the confidence of ignorance, it
is unquestionably for the moment, in the present
instance, the sole preservative from chaos. Singing
and shouting upon the current, with Mr. Chase at
the helm, no one has any idea of the Niagara at the
end. It will take at least two months before the
true results of a total suppression of foreign trade
will be properly felt, but as at that time another
issue of £30,000,000 of paper will be absolutely re-
quisite it will be at that date that we may look
almost with certainty for the solution of the pro-
blem. The astonishment it will awaken in the
American mind may be estimated by the fact that
there is not a single publication of any influence in
the country that dares to utter a preliminary warn-
ing. Until the commencement of the war the New
York Journal of Commerce was always honourably
distinguished as a Free-trade journal, but this paper
soon fell under suspicion, and in order to prevent its
suppression a change cf proprietorship was found
necessary. Since that date the conductors, although
they have not disavowed former views, have dis-
creetly preserved silence, their utmost efforts being
limited to an oec,3sional mild protest, couched in
terms which, althoug2l plain enough to instructed
persons, are not likely to reach the perceptions
either of the financiers of Wei::hington or the popu-
lace of New York. Hence there is not a single
sober voice to be heard in the whole eoz.intry. The
papers teem with poetical and other effue;_lun on
the death from starvation of Manchester operativ;s7
and side by side with these are glowing pictures of
the progress now destined for America in her com-
mercial independence of the rest of the world. As
it has reached so far, it is perhaps desirable that the
delusion should go on to its natural end. Even if
the truth could be proclaimed to the people it is too
late for any ordinary remedy. It is easy for us to
see, amid all the predictions of our ruin which now
apparently constitute the only consolation of the
Americans in their horrible distresses, the conclu-
sion that is approaching, and we may well, there-
fore, exercise forbearance and abstain from critieism

THE POACHING ENCOUNTER NEAR

AOTTINGITAM.

At the Shire-hall, Nottingham, on Satur day, the
12th inst., six men, named T. Hardy, H. Martin,
John Hallam, S. Potter, J. Draycott, and William
Hallam, were taken before the sitting magistrates,
charged with being armed with bludgeons, stones,
&c., for the purpose of taking game on the pre-
serves of Mr. S. Gregory, at Bramcote (four miles
from Nottingham), at midnight on Saturday last.
Mr. Lees appeared for Draycott and W. Hal-
lam. Edward Husbands, a gamekeeper in the
employ of Mr. Gregory. stated that on the night
when the affray took place he and another
watcher named Wright were on duty, and
when crossing a clover field they sstw
a gang of poachers with a dog-
They went
up to them, and he heard W. Haliam say, , Come
on ; let's kill 'em, there are but two." The poachers
then commenced flinging stones at them and strik-
ing them with bludgeons. Witness was left on the
field in an insensible state, being very much
wounded on the head. He knew all the prisoners,
and was quite sure they were engaged in the affray.
On Sunday he
gave information to the police, and
they were apprehended. The other keeper, Wright,
gave corroborative evidence. Police-constable
Brown stated that when Hardy, Martin, and J.
Hallam were in the lock-up, they told him they
should plead guilty. The bench committed all the
prisoners for trial at the next assizes.