The Sun.
London, England, 1847-05-07 00:00:00

CAPTURE OF VERA CRUZ AND SAN JUAN

D'ULLOA.

We have received a copy of the New York Journal
of Commerce of the 16th ult., which was furnished
to our correspondent at Plymouth by a pilot, who
obtained it from an American packet bound to
Havre.

The following extracts from the Journal of Com-
merce leave no doubt as to the capture of Vera Cruz
and the Castle of San Juan d'Ulloa by the American
force under General Scott, though in the absence of
the intermediate papers between the 7th, the latest
previous date, and the 16th ult., we are unable to
furnish our readers with any details
.of the operations

,n question :
" AN AVALANCHE OF VICTORIES.

" On the Ist day of the present month we published
the first authentic intelligence of the battle of Buena
Vista, in which General Taylor, with 5,000 men, de-
feated Santa Anna, with 20,000. Since that date, we
have announced the recapture of Los Angelos, which
had risen against the new authorities in California, and
the re-establishment of American rule throughout that
territory. Also the defeat and dispersion of the insur-
gents in New Mexico. Also the unconditional sur-
render of Vera Cruz and the Castle of San Juan d'Ulloa,
with 4.000 troops, to the American forces under General
Scott. And, lastly, the capture of Chihuahua, capital
of the state of the same name, by a force under Colonel
Doniphan. Such a succession of victories (two of them
most important) is something new in our annals, and it
is to be hoped may had the Mexican Government, if
there be such a Government, to treat for peace. If,
however, it should beget in the minds of our people a
thirst for military glory, it will prove to be the greatest
calamitywhich ever betel us. Peace is our element, and
without it we cannot expect permanently or long con-
tinued prosperity. If Mexico should now be inclined to
negotiate, we trust our Government will do itself the
honour to offer liberal terms, such as will show to the
world that as this war came upon us unexpectedly, and
contrary to our most ardent wishes, so it has been pro-
secuted, not for territorial aggrandizement, nor to de-
press a weaker power, but because there has not been a
moment since it broke out when Mexico would listen to
propositions for peace, although overtures for that object
have been repeatedly tendered."
(From the Washington Union.)
MILITARY APPOINTMENTS.

The President, as will be perceived in the announce-
ment in this day's paper, has filled the vacancies occa-
sioned by the declination of General Benton and General
Cumming to accept the command of Major-Generals in
the army of the United States, by appointment of Bri-
gadier-Generals Pillow and Quitman, of the Volunteers
now serving in Mexico. They have both had the ad•
vantage of the experience of near a year's active service
in Mexico, and, we learn, are esteemed in the army as
among the most valuable officers in the service. General
Pillow has performed valuable services in the field, and
was among the moat conspicuous officers of the army in
the recent bombardment and siege of the city of Vera
Cruz and Castle of San Juan d'Ulloa. He was selected
by General Scott as one of the three officers under his
command to adjust with the enemy the terms of sur-
render. General Quitman acted most gallantly at the
battle of Monterey. There is a peculiar propriety in
making promotions to these important commands from
the volunteer service. The promotion of Colonel
Cushing, who now commands a regiment of volunteers
in Mexico, to be a brigadier-general of volunteers,
is also well deserved. He is a man of distin-
guished talents, and has exhibited great patriotism in
his late exertions to raise the Massachusetts regiment
of volunteers. Thus the country will perceive that the
Administration is organizing the army to its full com-
plement of officers. It is not enough to gain a victory
—we must fully profit by it. N. ? man will complain of
the want of energy in the Administration. The war will
be prosecuted with the utmost vigour until the object has
been accomplished, by securing an honourable peace.
The Philadelphia correspondent of the Journal of
Commerce writes as follows :
" The illumination next Monday will be on the most
extensive scale. All the districts have followed the lead
of the city, and made appropriations for the purpose.
We have had no general illumination here since La
Fayette's visit, twenty odd years ago."
The New Orleans Commercial Times of the 7th
ultimo, has the following late intelligence from
Mexico :

" We have been permitted to peruse several private
letters, of a very late date, from the city of Mexico,
written by persons of the highest respectability, and
whose sources of information are ample. They state as
a matter of positive certainty, that negotiations for
peace between the United States and Mexico are under
advisement, and that the return of Santa Anna, who
was hourly expected, would be the signal fur the com-
mencement of overtures."
The New Orleans Della of the same date adds—
"La Patria has received a letter dated Tampico,
March 24, 1847, from which we make the following ex-
tract:—
"`Private letters from the capital, written on the night
of the 18th, state that General Santa Anna has just ar-
rived in that city. It is also stated that the revolution
against the administration of Gomez Farias had at length
been terminated in a favourable manner to the Govern-
ment, and that Generals Pena, Barragan, and Salas,
who were the heads of the opposition to Gomez Farias,
had been shot. Ido not knew if this last information
be correct. We are anxiously awaiting the mail to con-
firm or negative the report.' "
The subjoined intelligence respecting a State loan
is from the correspondence of the Journal of Com-
merce : _ .

" WASHINGTON, APRIL
.14.

_
" The loan was rated yesterday, and the bidders
notified of the acceptance of their proposals. Con-
coran and Riggs, of this city, obtained fourteen millions
and seven hundred thousand dollars, at one-eighth
of one per cent. advance. Elisha Riggs, of New
York, obtained one million four hundred thousaed
dollars, at the same rate. Of the remaining
atwouhundredr
ttehroeufs aenhde d
per
el lra re
va
ak
he
elle in tTh
hi se c
ri teys,t atis
sum nineteen hundred thousand dollars about
senwt.asadt
scattered among individuals, trustees, &c.. at a quarter,
half, and one, and even two per cent. The premium
does not average half of one per cent., nor even a
quarter. The New Yorkers bid at par, or less than
one-eighth advance, except Mr. Elisha Riggs, as above
stated. Conccran and Riggs have sold some portion of
their stock at alf per cent two-and-a h advance. The
-
Secretary of the Treasury will call in the whole of the
loan, but at such times as the money may be wanted;—
thus savinc, disturbance cf the
interest, and avoiding anY
money market by the sudden withdrawal of such an
amount in specie. If there should be peace with Mexico,
in the course even of thirty days, still the expenses of
the war will be continued for at least two or three years. I
If we do not retain the military possession of the country,
with a very large force, we shall :soon find that we shall
have the whole work to do over again. The revenue
harvest, now so rich that it will yield by estimate
30,000,000 between Ist December last and let December
next, may not be so good the next year. There is
reason to suppose that the present halcyon times will
not continue for ever. So, after all, tho New Yorkers may
have been right in declining to bid above par for the loan.
The Secretary of the Treasury calculates, as I learn, upon
a revenue of $15,000,000 from the "military contri-
butions" imposed upon Mexico, for the first year, after the
opening of the Mexican ports to trade. I coD suited one 4.r
two men here, who were, for a long time, resident mer-
chants in different parts of Mexico, as to the prodspewcass
of revenue from the system lately adopted, a.n t
assured that, by the Ist of January next, the im,por s
into Mexico, under the rates of duty fixed by the Itreatt:
sury order, would, in all probability, ti
6,000,000. Should the war continue, this sum will p
to defray its expenses. Even should it cease, I presume
it will be stipulated in the treaty that we shall continuo
to collect and retain these revenues for a certain length
of time—during the whole time that we may be obliged
to sustain a military force in Ilexico, with a view to
enforce the fulfilment of the terms of any trt aty of peace.
In New Jersey the grain and hay crops are healthy,
and instead of being frozen up as reported, the wheat
and rye fields present an unprecedented appearance
of fertility.
At Boston, on the 14th, the ship Morea cleared out
with breadstuffs, valued at 21,500 dolls., for the relief
committee at Glasgow.

THE MARKETS.
NENY YORK, APRIL 15.
Flour—Sales, 2,000 Gennessee, in lots, at 7 doll:. 75c. ; 500