The Sun.
London, England, 1865-03-11 00:00:00

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blundienr ofs
avaagnenal;ehralbeislonaginerimg toe General
neutral
Hardee was guilty of worse than a blunder when
he left cotton
owners to come into possession of an enemy who
has no respect for neutral rights. On January 12
we had to record the fall of Savannah, and at that
time the price of cotton at Liverpool was about 25d.
per pound.
The present price of cotton is about IGd. per
pound. This unparalleled depreciation of vain* is
due mainly, if not entirely, to the report that the
Federals obtained possession of about 30,000 bales
of cotton at Savannah. We deem it our duty to
point out how utterly unfounded is the panic that
now prevails at Liverpool, and to do what we can to
prevent a serious and widespread commercial dis-
aster. No doubt the stock of cotton in Liverpool
is larger than was anticipated, but any one ac-
quainted with the trade wit admit that the dif
ference between the estimated and the actual stoe
will not account for a fall of Id., or at the very ui
most of 2d., in the pound. 'How then can we e::
plain a fall of 9d. per pound ? The reports receive
from India and from the Mediterranean do not wa
rant the suppOsition that the receipts of cotton frk
those places will be in excess of the receipts of t
past year, and we are not aware that any one pi
tends that the prospect of an increase of Indian a
Egyptian cotton has had anything to do with the
sent ruinous depreciation.
Can the recent successes of the Federals hi
anything to do with the panic in the cotton m:
ket ? No doubt, the fact that Wilmington is do
and Charleston and Savannah are in the hands
the enemy, puts an end, at least for a time, to :
considerable blockade-running. But surely
fact should enhance, rather than depreciate,
value of cotton in Liverpool. The trade knows
well as we do that large supplies of American (
ton have come to hand. For example, from the f
week in February until the current week we have
nounced the arrival of upwards of 30,000 bale
American cotton. It will be conceded that ha
not been for these large importations of cotton f
the Southern States those holders who calculate
higher prices would not have been disappoh
Now the termination or suppression of bloc! •
running puts an end to this source of supply,
therefore the blow struck at blockade running
not lower the price of the article, since it will
it scarcer.

p PRICE 4d.,
S TAMPED 5d.:

a(ion; c
wot
att ,ttuhi nt
ei
second
eaac a,d nbpyda
thsotofi cwet
nhaent
General's
uefairness, and liberty to
asrtuneh
eadehl Portugueselvyaero
enityou relevant
fo
lnationenfvaaalcntst to have
government, h ave its
andow actual,to
reform lawful,
it
legally and
Eng-
land was doing just then.
andto t
h e accusationsexculpating Pe raaj simaslmbae
iltedetndeatrn:t
hoat
aghs together,
and
the principal and substantial charges in my last letter, that
to answer all specifically and fully would take much more
space than you would accord to me. I, therefore, will not
venture on such work now, however much I wished it ;
but let our friend the General distinctly understand that I
am willing, and with pleasure, to reply fully to every item
he brings forth, if he, or rather you, guarantee me the
necessary space for the work. At present, not to extend
this letter beyond all reasonable bounds, I shall confine my-
self to—lst, repelling the insinuation of my having any
personal indisposition against Saldanha, except on public
grounds ; 2d, to simply denying imputations that I know
not to be true ; 3d, to pointing out incorrect statements ;
4th, to show how the General does not exonerate his Duke
from any of the real and serious charges contained in my
letter to which he replies, against the same Duke. Then :
Ist, Saldanha never injured me in my private capacity ; I
never saw him even but once at Epsom races some 20 years
ago (and his likeness stuck at a shop in Regent-street) ;
never spoke to him or he to me ; always regarded him as a
sort of bon-enfant, pliable like wax ; so that, even now, in
spite of my most decided political hostility, I cannot hate
him. This is the real truth ; therefore, to his person apart
from political considerations, I have no sort of aversion
whatever.
2d. It would be difficult to me, or to anybody, to defend
the King " against a variety of crimes and misdemeanours
with which he was charged, commencing with that step he
took during the lifetime of his father, King John, to pave
his way to the absolute power he contemplated." Which
step does the General mean ? How can I know which is
the particular step amongst "a variety" (wholly undefined)
"of crimes and misdemeanours?" I shall, however,, assume
that he whiles to speak of the well-meant but imprudent
and ill-advised affair of April 30, 1824. In this point, the
General addresses himself to one who, without having -had
any part in the same affair, happens to know all about it
most competently from that very time ; and, by the strength
of this knowledge, I can tell the General that the Prince
had no more intention or wish of dethroning his Royal father,
or paving the way to absolute power, 4c., than I have just
now a mind to go and jump down from the top of the
Monument in Fish-street Hill. Of course, I cannot enter
here into a discussion and demonstration of my denial.
Nor will I enter either upon the case of the murder
of the Marquis de Loul6, that noble patriot, who had been
condemned to death in Lisbon for being a traitor to his
country, in the service of Napoleon 1., whilst Sir John and
Saldanha were bravely fighting for the independence of
Portugal and the Peninsula—and who was generously
pardoned by the king and nation in 1817, or thereabouts.
But this I will say, that I was in Lisbon at the time, and
tried by means in my power (and I had many) to learn
and could never get even a tolerable guess about who might
have been the murderer of the Marquis. The General,
therefore, who seems to know all about it, ought to inform
.us of the real facts, rather than ask the information from
me. And to what I can also testify without hesitation is,
that, disapproving, as every sensible person did, and con-
demning the manner in which the palace had been cleared
of the Marquis, there was not one person in a hundred in
Lisbon and throughout Portugal, who was not glad to
learn that Louie was no more by the side of the old King.
These are• facts to which I can speak without hesitation,
from my own perfect knowledge and observation, and on
which I could expatiate, and state many important circum-
stances, had I not regard to the limited columns of the
Weekly Register.
3d. As to the accuracy of the facts and imputations
charged by the General, apropos de bottes, on my calumni-
ated and lawful King, I should like also to have room in the
paper for properly and fully analysing all the jumble:—" Is
it not true that Don Miguel, on subsequently assuming the
reins of Government, did not, without judge or jury, in-
carcerate in the dungeons of Fort St. Julian and other
prisoners, all the noblemen and others of note, who wore op-
posed to his system of Government, where they remained,
suffering the greatest privations for several years, until the
reins of Government were wrested from his hands, and the
constitution restored by universal acclamation, when it was
found that the greater part of the unfortunate prisoners at
Fort St. Julian had perished under the cruel treatment of

But we may be told that the Federals have pc
sion of cotton districts, and therefore cotton
come out without any difficulty. From what
place at Charleston, where a large stock of c'
was given to the torch, we may be sure that no
federate general will repeat the blunder of Ge
Hardee. But, in truth, no Confederate genera
have the opportunity of so blundering. Suppc
which is not the case, that the possession of th(
coast towns enabled the Federal% to sweep the
of North Carolina, South Carolina, and Georf
all the cotton stored in them, the amount of pL
would be small. North Carolina is not acc
growing country. Except the sea islands, -
have long been in the possession of the Federal
staple of South Carolina is rice. The cotton
part of Georgia occupied by the Federals was E
in Savannah. But, further, it must be remem.
that Charleston, Savannah, and Wilmington
the most convenient ports for blockage runnint
consequently a large supply of cotton—r
500,000 bales since the commencement of tL
—has been obtained at these ports. The stoc
these places were reduced to a very low ebb,
reason sufficiently apparent to those who are
quainted with the military situation and its ex'
cies. The lines of railroad were so engrosse
military purposes, and it became so costly to t;
port cotton from Alabama, and from the cc
States east of Alabama, to the Atlantic seap
that it was only sent forward in small quant
Captains of blockade runners can testify that of
they have had to wait in port day after day for
return cargoes of cotton. Where is then the a
of cotton in the States of which the Federals I
obtained possession of the seaports? Therefore
recent Federal successes must suspend, may enti
cut off, but cannot in any way add to our stoc
cotton.

its Governor Tolles Jordao, who was torn to pie'ces by the
inhabitants of Lisbon and thrown into the Tagus (a retribution
so far for the Murder of the Marquis de Louie ?)" murdered
at Salvaterra nine years before, without the fact of the
murder having any connection with all the just transcribed
miscellaneous statements, in which there aro some very
small grains of truth, diluted in a vast quantity of the con-
trary ingredient.

It is impossible to conceive a more unfoun
panic than that which now dominates in Liverp
It began with the announcement that the Fede,
had at Savannah some 30,000 bales of cotton
longing to neutral owners, and which, by the w
would have come to hand through the agency
blockade running but for the change in the militt
situation. The panic has been heightened becai
the Federals, ignoring neutral rights, have appr
priated the cotton, and being pressed for gold ha
shipped a portion of it to Europe. Assuming th
the capture of Savannah liberated 30,000 bales (
cotton, which would otherwise have been shut r
till the termination of the war, can anything
more ridiculous than the notion that such an eves.
should cause a fall in price of 9d. in the pound .
When we consider the whole position—that the Fe-
deral successes have stopped blockade running,
which was the source of our large American supply,
and that in the states in which the Federal armies
are located there are no stocks of cotton—there is
reason, so far as the occurrences in America are
concerned, for an advance and not a downfall in
price.

It would require a good volume to fully show the in-
correctness of all the charges so loosely tripped together
by our General in the above quotation. I would have im-
mens3ly to say and to refute on the whole, but especially
on what is contained in the italicized words ; but I will here
limit myself to the following short remarks :—" The con-
stitution restored by universal acclamation," is a falsehood;

the "universal acclamation" was, I suppose, by the people
—the nation. And will Sir John tell us who then supported
the King for five years against the obstinate efforts of his
enemies, aided from this country and from France, &c.,
with all sorts of support in men, money, arms, diplomacy,
public press, &c. ? Why, if the people of Portugal were so
ready to receive with open arms and "universal acclarua-

tion" the precious constitution, was it necessary to concoct

the infamous Quadruple Alliance, and to send the armies
of Saarsfiel and Rodil into Portugal against us? I suppose
it was to rescue tho nation from the nation! The General

himself cannot avoid here to admit that he has been writing

nonsense.

All he so glibly says about the incarceration of the
"noblemen and others of note" is full of exaggeration; there

is some little truth in it, but much more of the gravest
falsehood prevailing in the barefaced inventions wherewith

the "Liberal" Portuguese refugees and their compeers
plentifully supplied for years the English press, which,
with very scanty but honourable exceptions, would in those
times admit nothing else in regard to us. Let the reader

The panic will not be of long duration. Buyers
will be eager to avail themselves of such unwar-
ranted cheapness, and it is hard to conceive that
holders will permit an absurd panic to involve them
in ruinous losses. The facts we have stated are no-
torious, and the conclusion is indisputable. We trust
that our observations may assist in restoring the
Market to a sound and reasonable condition, and if
so, it will have been our privilege to have rendered
a most important service to the commercial commu-
nity.—lndex.

judge of the general accuracy by this assertion :—" Telles

Jordtio, who was torn to pieces by the people of Lisbon and
thrown into the Tagus." The fact being that General Telles
Jordito, who had been, in the Peninsular War, a soldier as
bravo and distinguished as Sir J. S. Lillie and Saldanha,
was most barbarously murdered, NOT by the people of
Lisbon, not in Lisbon itself even, but at Cassilhas on
other side of the Tagus, by the soldiers of Villa
Flor (afterwards Duke of Terceira) when he had
been taken prisoner. Such are the real soldierly and
" Liberal " proceedings of Sir John's esteemed friends,
whom he so readily takes up the cudgels to defend.
The General is not ignorant, I see, of the importance
there is in a name. To buy for a trifle or nominal price, a

"And then he draw a dial frem his poke,
And looking on it with lack lustre eye,
Says very wisely, It is ten o'clock :
Thus we may see,' quoth he, "how the world wags."
SIIABSPEARE.
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markers, made in every size, suitable for everybody, and
are sent to every part of the kingdom, safe by post, at 5,6,
7,8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23,
24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, and 35 guineas in
gold cases; and at 2,3, 4,5, 6,7, 8,9, 10, 11, 12, 13, 14, 15,
16, 17, 18, 19, 20, 21, 22, 23, 24, and 25 guineas in silver
cases. A descriptive pamphlet post free for two stamps.
W. Benson, Ludgate-hill, watch and clock maker to
H.R.H. the Prince of Wales.

convent rascally and rapaciously taken by Sir John's friends
from its original owners, might not be thought a very
honourable thing, nor the charge thereof be without some

little weight. But call the result of the plunder "national

property," and the buying of it from the robbers for a trifle
becomes a trifling circumstance, and the mention of the

transaction a "frivolous charge." Has Sir John, like General

Butler in America, had, before he turned soldier, any ex-
perience in special pleading ? I make no charge against
Mr. Smith ; but I cannot but find it extraordinary—and for
a Portuguese and a Catholic, let mo say, shocking—to see a
young man, a Protestant besides, without any profession
that I know of, and without any services to my country,
issue from Milton-street, Dorset-square, simply as an appen-
dage to Saldanha, and then seeing him some time after in
possession of one of the homes of our expelled and plun-
dered religious communities !
4th. Let me now ask the readers of the Weekly Register,
whether Sir John Scott Lillie has, in his letter, exonerated
Saldanha from any of the serious charges in my former
letter. I charge him with :-
Ist. Giving most sumptuous parties at the expense of a
nation, whose revenue is hardly half sufficient for the ex-
penses of the State and interest of its debt.

THE EASTER MONDAY REVlEW.—Yesterday the
committee appointed by the commanding officers of
Volunteers to inspect the ground and other facilities at
Dover and Brighton as to their convenience for the forth-
coming Volunteer review visited Dover. On the arrival by
the boat-train of the South-Eastern Railway, the deputa-
tion; consisting of Viscount Ranelagh, Lords Elcho, Truro,
and Lieut.-Cols. Warde, Buxton, and Cochrane, were re-
ceived by Sir Luke Smithett, the deputy mayor, the local
committee for the reception of the Volunteers, and anumber
of military and Volunteer officers, who entertained their
lordships at breakfast at the Lord Warden Hotel. Lord
Ranelagh first inspected the shed accommodation in the
town, which was pronounced ample for all requirements.
The railway stations next underwent inspection, and the
only fault found in respect to them was that more room for
brigading outside
the stations on the arrival of the Volun-
teers was desirable. After this, Lord Elcho and the others
proceeded in carriages to the Round Down. midway between
Dover and Folkestone, the proposed scene of the review,
advantagescies
c i r bed o f
as t
h theree iff ere in ng
and two m Lord Ranelagh walking thither to see the time the march
would occupy, and he made the journey in a little over an
differenthour.Thoilrees bviow groundT
po-
sitions wore then pointed out. Mr. S. Finnis drew their
lordships' attention to Efougham, which used to be the fa-
-rourite place of the late Duke of Wellington to manoeuvre
his troops. The committee seemed highly pleased with the
ground, notwithstanding
they saw it in its most unfavour-
able state on account of the bad weather of the preceding
night. After carefully inspecting the ground and the neigh-
bourhood around, their lordships proceeded to Folkestone,
and inspected the railway station.
LADVERTISEMENT.]—HoIIoway's Ointment and Pills.—
Scurvy, Skin Diseases.—These unsightly complaints are
the source of much annoyance to thousands. While fret-
ting the mind they irritate the nerves, and produce a con-
tinuous slow fever, disordered stomachs and restless nights.
For this state Holloway's Ointment and Pills are an im-
mediate and certain remedy. Cure the cause and the
disease will cease. Under the influence of these approved
medicaments the blood reclaims its purity, the skin resumes
its healthy functions, the tongue cleans, the tainted breath
departs, and the languour and nervous, depression disap-
, pear. No corrupt humours can withstand the purifying
principles of these remarkable:remedies, which expel all,
morbid matter from the system. They likewise correct
all irregularities of the liver and promote digestion.

2d. Being one of the principal instruments in putting
my country under the power of the present Freemasonic
Government, who plundered Convents, Monasteries, Cathe-
drals, Churches, Confraternities (and are just now prepar-
ing to plunder, in the same way the Hospitals, the Orphan-

ages, the Charitable Brotherhoods, &c.)
3d. Opening the doors of the Kingdom to the Protestant
Propaganda (who with this hope highly favoured the Por-
tuguese Revolution), and to infidelity, demoralisation, and

ruin, by aiding so efficaciously the Freemasons and rwvo-

lutionists in their war against the lawful King and Consti-
tution, against the real Portuguese nation.
4th. Having several times been all-powerful, absolute
Dictator, in Portugal ; having made several revolutions, in
which he was the master of everything ; and still, never
having availed himself of such power, means, and autho-
rity, to hinder the plunder of the Church, to prevent the
abolishing of the Religious Orders and Institutions, or ad-
vocate even some partial re-establishment of them, after
their scandalous, Vandalic, and impious abolition.
Are these charges true or not?
Has Sir J. S. Lillie exonerated Salda.nha of them ?
A. B. SAlt \ •

21, Nottingham-street, Marylobono W.,
February, 27, 1865.

DISAPPEARANCE OF A MOUNTAIN.—The Giornale
di Sicilia of Palermo states that, a few days ago, a solitary
mountain near Motta St. Anastasia, in the district of Sieh,
suddenly sunk down to the level of the plain, leaving no
trace behind except a few trees which stood on its top, and
are still partly visible. This strange phenomenon is attri-
buted to the volcanic action of Mount Etna, though the dis-
tance is consideraye.