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

The commercial advices from New York this
week state that a feeling of despondency on the
ble,hseunbcjtesy
further breaking up
Stock Exchange and among the merchants had
become general. Nevertheless, those who had
means of ascertaining the views of the Washing-
s Government. At the same time it
ton politicians were of opinion that it is still the
South is more united than ever, and that
have
anyve l 0
looked
cost d until
upo n the
as
iSouthshallitrl. .
determination of the Government to carry on the
swonasr
fGaonrda tchoenswerhipotleioncowunastrryegaagradinedharsoucgerh4taiunn, under one
co...ne
of the Border States is likely to hOzien that
vete etnh
et that
waver-
ingtheper-
of the Union which nl;lnv
n-
sideranie apprehension prevailed as to its effect at.'
the future fortunes of the army. The premium.
use
on gold has thus far been
export demand, and maybecad simply by the
expected to fluctuate
in accordance with that influence,
h but there are
w
a large number of operators believe that
when the national confidence in theo impossibility
of the failure of anything American
shall have
experienced a shock in this case, similar to that which
has already been sustained with respect to the mili-
tary power, the panic will be beyond anything wit-
nessed in modern times. The parties are eagerly
seeking to buy on speculation for credit, looking
forward to theliTospect of being able to pay in a
very much worse currency even than the present.
1 The absence of faith in any news promulgated by
the Secretary of the War Deparlment greatly in-
creases the tendency to distrust, and letters are pri-
vately circulated from the most respectable people
at the South, and especially at Richmond, which
daily aggravate the discouragement. Accomiing to
the most trustworthy of these, the fight before
Richmond was of a much more complete character
than has yet been represented. AU the hacko,
horses, drays, and carriages in the city, it is said,
were pressed into the service to transport wounded
men and captured property. "We have killed,
wounded, and taken," it is added, "at least 35,000
men, 70 to 100 pieces of cannon and immense public
stores, and have caused the enemy to burn many
millions of their property. Two Generals (PCall
and Reynolds) and three brigadiers, with uncounted
inferior officers in crowds, are among the prisoners.
Our own losses were from 12,000 to 15,000 men,
and the Federal accounts of these battles and of
M'Clellan's situation are ridiculous." The same
letters state that General Bragg is in command
of the army of General Beauregard, who is ill,
and that Generals M.'Gruder and Price, the former
of whom was reported by the Federals to have
been killed, have been ordered to the west of the
Mississippi. Among the latest reports current at
New York was one to the effect that General
M'Clellan is to be removed from the army on
lames River.

INSPECTION OF THE METROPOLI7
_RAILWAY.

Yesterday afternoon an experimental journey
over the Metropolitan Railway, for the purpose of
testing the efficiency of the line and works, was
made by the board of the company. At half-past
four a train consisting of two carriages and four
waggons left Paddington for Victoria-street. The
passengers numbered about 100, and included Mr.
Wilkinson, the chairman of the company ; Mr.
Parson, the deputy chairman ; Mr. Fowler, the en-
gineer ; several gentlemen well known in the rail-
way world, and a body of the workmen and labourers
employed on the line. The journey was performed
without any serious mishap, and we understand
the directors are highly pleased with the ex-
periment. When the train got into the tunnel
the passengers were surprised with the air of
comfort that prevailed. The motion of the
train was smooth, the tunnel was lighted
with gas, and there was neither blind-
ing steam nor offensive smell. When :Edgware-
road station was reached the majority of the com-
pany alighted and examined the works, which are
of a very substantial character and in a very for-
ward state. There was also a slight delay at the
Baker-station for the purposes of inspntion. The
tunnel that now faced the travellers had not an in-
viting appearance. It was, however, safely passed,
as was also the Portland-road station, and at the
Gower-street station the travellers were received
with loud cheers by the crowd of employes .and
others assembled.
At this station some refreshment was provided
by the company, and it was partaken of with hearty
goodwill. Every man waited on himself, and there-
fore it is fair to infer that he was well served. The
train then proceeded to King's Cross, and its recep-
tion there was highly enthusiastic.
When the train was near Bagnigge Wells it
proceeded at a very slow pace, and the wisdom of
this precaution soon became very obvious. By some
means or other the right wheel of one of the wag-
gons and the reverse wheel of the one that preceded
it got off the rails, and it was some little time
before matters could be rectified. The journey was
then continued to Victoria-street.
The idea impressed on the minds of all seemed to
be the extent and solidity of the works, and the
great engineering skill which had triumphed over
enormous difficulties, A little more light in the
tunnels would, we think, be an improvement.

7.HE ATTEMPTED FRATRICIDE AZ
LEEDS.