The Sun.
London, England, 1862-06-24 00:00:00

71IE AMERICAN HARVEST.

The advices from New York this week state that
the accounts respecting the approaching wheat har-
vest in the Western States are very conflicting.
The new issue of £30,000.000 of inconvertible paper
was expected to be speedily authorised, and mean-
while the question as to the probability of the Tax
Bill being passed this session seems scarcely to ex •
cite the slightest interest. The proposal introduced
by the Chairman of the Committee on Military
Affairs in the -House of Representatives, for an en-
lergement of the canals to enable vessels of war, in
contravention of the spirit of the existing treaties
with Great Britain, to reach the lakes, so as to place
that frontier '° beyond the reach of foreign aggres-
sion, and effectually relieve it from further menace
or insult" appeared to be much more popular. A
return of the stocks and specie held in the banks
and sub-treasury on the Ist of June showed the total
to be £7,680,000, against £11,520,000 on the Ist of
June, 1861. The fraudulent issue of Indiana State
bonds continued to be a subject of anxious discus-
sion, owing to the extent to which advances had
been made upon them. The Indiana authorities were
already putting forth pleas to prepare the way for
a repudiation of liability, although the bonds were
duly executed in every respect, and the State itself
had in evented a timely discovery of the fraud by
concealing it long after it had come to the know-
ledge of its officers. Meanwhile, according to the
usual practice in America of charging every public
man with malversation, as a matter of course, re
ports were in circulation that " a leading Federal
officer in the service of the Revenue Department rs
in some way mixed up with the transaction." With
regard to the cotton question, should the
export
tudseutbye
finally adopted for the imposition ofb ana
en7which is
equal to a farthing sterling per
d.
a"nd Europe pay
devised in order to make Eng
the et otherglY
teherevirieqeueboltea
stimulustCs the Ci, vtiol
j.rsvnia3drieva%ie:Eeawgilwyilpilltpl'traheevudes be offered
cotton producing countrcre
h ;aos
enter
r beenw i t allegedh
confidence tobe
themh
America. Of an equally
shape character
orfs
at the
incomepropo te7adaxtit, confiscatory
which,
o_
into the competition with
aessential permanent
toin bountyduc
e e u.
Weight u ch p measureeurpi neoentnht e.
, those is to b e
individualsm ade o fall
remarkable
stead of being levied upon income
olfa w 3 ,p ae sr
cent. passedu with
would,i ratee
r eeeafve ees so
under an equitable scale, be called upon to pay the
pbyonthsemSaelltiaintec,omisetso
aimnd-
-71 pere most.a
ctTeanxhte. upon large ones. This principle'once
admitted, there is no reason why, at the pleasure
man's income
of the populace, 50 per cent., or even the whole of a
beyond such a n amount as the Demo-
cracy may think necessary for his sustenance, should
'
not be taken. Such a measure, in fact, will inaugu-
rate a full. flood of Socialism, and, it submitted to,
may perhaps simply precede a general break up of
the rights of property,

The commercial demand for money is decidedly
below what is usually experienced at this period of
the quarter. *Until the dividend money comes upon
the market, bankers and discounters appear to be
in hopes that they will be able to keep up the rates,
but the quarter turned it is probable that the supply
of money will increase. There is nothing in the
present condition of trade to render the market
active, and the demand arising from the recent
i foreign loans has now been for the most part eawtio.
ee
1 fled. At the Bank of England to-day businesslonal
I slack. In other quarters there were occa
transactions a fraction below three per
There is a rumour that the amount coefr the
has
been
P-
osed Portuguese Loan is larger than
now spoken
mentioned, £5,000,000 of stock being
of, instead of £2,000,000. It the price of
Per cent. ex div. is contemplate
.., inadequate a...
mar-
issue, but this seems to presentbe
negotiated through
is
dalasos said"that 44
gin. The loan will Pmbb
Messrs. Knowles and Foster.A
npilot,
named Trementin,
A HERO. o
listld
ofEnseignes de Vaissseau, has
do Bas (Finisterre) at the age of
justand thedied
senior
a t
singular
and heroic act is connected with
eighty-five. A . t on In 1827, Lieutenant Bisson,
rof this veer .
the caret. tohnpthiecio
a small brig, the Panayotis,
oannandod
who c 0. close to the Island of Stampalia,
while cruisino
in the Grecian Archipelago, was attacked by a number of
,es. Bisson defended himself to the utmost extremity,
and when no longer able to resist against superior force,
r
almost all his men being killed and himself being mortally
wounded, he beckoned to Trementin, and, pressing his
hand, ordered him to set fire to the powder magazine*
The other, without a moment's hesitation, descended
with a match, and the instant after a terrible explosion took
place, and the shore was covered with human bodies. The
life of Trementin was saved by a sort of miracle, and wlion.
the act was made known to the Government, the rank.n 001..
Enseigne de Taisseau and the Cross of
the
ealtegltedi
Honour was conferred on him. A pension
was
B to him at
ito the sister of Lieut. Bisson, and a statue erected
Lorient,