The Sun.
London, England, 1841-03-17 00:00:00

(Correspondence of the courier and Inquirer.)
WASHINGTON, FEB. 25, 1841.—The Navy Appro
priation Bill was taken up in the House of Represen-
tatives to-day. On the item which grants 51,425,000
for increase, repair, armament, equipment and wear
and tear of vessels, a heavy and interesting debate
arose—it took place on a motion of Mr. Saltonstall, of
Salem, in Massachusetts, to increase the sum to two
millions. In the debate, the wretched and miserable
management of the naval affairs of the country by the
Jackson and Van Buren administrations, were most
ably and searchingly pourtrayed by Mr. Saltonstall,
Mr. Evans, Mr. Waddy Thompson, and Mr. Proffit.
The Chairman of the Committee of Ways and Means
(Mr. .Tones), made a feeble effort at their defence, but
he wa: literally overwhelmed by Mr. Evans of the same
Committee.
The new Secretary of the Navy (Mr. Badger, of
North Carolina), is looked to with confidence to re-
store this favourite and most important branch of the
public service. He is said to be a man of surpassing
abilities, and of remarkable business habits, just the
man to restore order, and to produce efficiency out of
the chaos and confusion created by a Branch, a Dicker-
son, and a Paulding.
After Mr. Proffit hal concluded, a recess for dinner
was taken, and at four o'clock in the afternoon, the
House re-assembled, and the debate on the Navy re-
commenced. The debate was general bad management,
and its consequent dilapidation, the total change in mo-
dern warfare and tactics by the use of steam ships and
steam batteries, the common neglect of the administra-
tion in regard to this species of defence, and the utter
failing, and almost criminal conduct of those appointed
to contract the few miserable things which have been
built and called steam frigates. The administration party
in this, as in all other cases, go against -any thing but
miserable and contemptible appropriations. There were
a number of speakers in the evening session, among them
Messrs. Wise, Vanderpool, Mallory, of Virginia ; Cash-
ing ; Smith, of Maine ; and Hoffman ; the latter gen-
tleman delivered one of those brilliant and soul-stirring
speeches for which he is so remarkably distinguished.
The burthcn of every speech was the Navy, the glo-
rious, the- gallant Navy. Waddy Thompson went so
far as to say that he would devolve the whole of the pro-
ceeds of the public lands to building and maintaining it.
Mr. Mallory, at the conclusion of his remarks, moved an
amendment that 500,000$ be applied to the immediate
construction of war steamers of medium size.
The House adjourned at 8 o'clock, without taking a
question.
EXTRA SESSION.—The Richmond Whig of Wed-
nesday says :—" We understand that General Harri-
son makes no secret of his determination to call an extra
session of Congress, probably in May, and that the ne-
cessity for doing so has urged itself upon his mind for
several months past."

014,11CrF.
PHILADELPHIA, FEB. 27, P.M.—Wc have intelli-
gence from Ilarrisburgh, that a Bill was reported es-
terday, by ti.e Committee on Banks, suspending the
penalties against the Banks, until the 15th March,
1843. It was made the order of the day for the 4th of
March. It also authorises the issue of small notes, to
the extent of 15 per cent. of the stock paid in. The
Bill was ordered to he printed.
There was a sad breaking up among the stock
brokers and speculators to-day, some two or three of
the heaviest purchasers of the United States Bank, to
be delivered on time, having to receive, as per .contrao,
to-morrow, a large number of shares, I understand,
sent notices to their broker to-day, that they would not
receive or pay in accord-Ince with such agreement. • -
In stocks there was but little doing—United States
Bank tell off full $2 50 a share, very light sales, how-
ever ; Girard declined a dollar a share ; Philadelphia
Bank $4 or $5 ; and Wilmington RR. full $2 50 a
share ; most of the sales were for cash, or to realise for
to-morrow. Money continues extremely scarce, and
holders part with it with great reluctance, even at the
high rates of interest.
Sales at the First Board of Brokers.-13 shares
U. S. Bank, 175 ; 10 Philadelphia Bank, 80 ; 10
Commercial, 44 ; 35 Girard, 275 a 27 ; 35 Wilming-
ton R. It., 3•4 ; 100 U. S. Bank, 15's. 45 days flat ;
$750 Lehigh, 6's 45 a 65.
Second Board.-10 shares North America Bank,
350, F. 30 flat; 3 Girard, 265 ; 6 Vicksburg, 55 ; and
100 U. S. fink, 16 cash.
Closing Prices.—U. S. Bank, 15i a 16 ; North
America Bank, 350 a 355 ; Philadelphia, 79 a 80 ;
Girard, a 27 ; Vicksburg, 55 ak'd ; Wilmingtou
it., 20 a 32.

SALES ON SATURDAY, FEB. 27, AT THE
STOCK EXCAANGE.

DollarF.
1,000 Illinois 6's of '7O
1,000 do

J 2

5,000 India Bonds

4,000 do do ...
5,500 Exchange on Philadetpnis
Shares.

475 United StAtes Bank l7l
50 do do do
20 do 131.eaix Bank
100 do Delaware and Hudson
50 do do do b3odsof 15 89
30 do North American Trust
70 do do do
90 do Mccitanice Banking' Ass 69
10 do Farmer's Trust
197 do Vicksburg

G~
~1

25 do do
10 do Illionois Bank
5 do American Exchange Bank b6o 80
do

50 do
10 do Mohawk
110 do do
50 do Patterson Railroad
25 do do do
400 do Stonington
95 do. do. do 321
315 do. Harlem.. 29.
100 do. do. do B6t
50 do. Long Island 53
50 do. do. do s3i
100 do. Canton Co
60 do. do. d 0.... bGO ds 27

(Correipondence a the Courier and Inquirer.)
NEW ORLEANS, FEB. 16, 1841.—The Caton Mat.-
ket opened 3 eiterday morning with great animation,
and extensive operations were entererd, into, partly on
speculation and partly to fill orders. Ihe prices remain
very firm, though no advance was made on the rates of
last week. The quantity in market is very extensive,
the presses being entirely full, and the vacant lofts and
levez covered, and large quantities constantly arriving.
The sales of esterday amounted to between 6,000 and
7,000 bales, at prices varying from 8 34 to 12.'1-2.e.
per lb. From middling to fair, however, being most is
demand, with ready Sales at from 9 1-2 to 110.

DESTRUCTION OF THE CAROLINE.
The following account of the destruction of the Caro-
line steamer at Navy Island, has been addressed by Mr. An-
gus M'Leod, the brother of the geatleman now imprisoned
in the United States, to the New York Jourkal of am-

mcrce :--
With the right or policy of destroying she
stile of the line, the
have little or nothing to do. On
this
slsittle doubt tbe time
right is questioned by few, and I
hero
be acknowledged by
is not lar distant when Caron"' I
the thinking and impartial will
also
a • amongst on either side is evi.
Lie that as it may, public; PI
1- four a decision of the quee.
dently not the proper tribune
jar
position in which
my bro.
tion ; but it is fr, in the Si g
n uwith this case his friends must
your own citizens.
ther is placed in connectionf
i erest, and this must ho my axe
take a dtep and painful u—a you; for although it were
cue e for thus intruding;
nayneta
any
extent influence men's
folly in me to suPrwet I consider it my duty_42, give n
minds in the mgedtseprilternent in regard to my baler's al.
plain """l!li tion in the act for which he stands cow.
',Ted participaas I
ara
able,
and to correct certain mis.
mitred,
December, 1837, my brother and
our coun-
my-
sta,eo,,,nen:::::2lh9itchh will be hereafter alluded to.
g
for the
---1 ' d eith the determination of dof d'
tptbhl
efyeßei
etc
anulhgffi betwoeenuagtel
Buffalo.
'Caroline,'
ofwar hiAot
aiwhich
hllyetSchlosserph,.aewhichut
iis°tiah
toccupants.
purpose.an
„ f and thousands besides,. we.re at Chippewa,
au,st any attack from several hundreds of re
pirate; assembled on Navy Island. In the coursebeolsf tahandt
try ag
day a small
andshe thels.
a island, r
isgtethersataieln illyvyldcdboaelynnoajattnel
conceive
ea sbiu
vfuroeessrydeet:hi
tont in
it was well known had been getting ready for the pur-
pose,ld focranseve
of tl is boat end her occupants engendered in the minds of
our people, and deep and loud were the imprecations
egaitist her; but not a word of the attempt at capture was
made public, and certain I am my brother was not one of
those to whom it was made known, or very probablY. he
might ha% e been one of the party. But in the evening,
front the want of accommodations at Chippewa* he rode
down to Stamford (a village four miles from tthe former
ly! a( e), where he staid at a friend's house tiaillanteazncemNovrnoilnugn..
said,nigh t,,
We
`' 1 went to the quarters of some
uers from this town, where I
oappfio.re
bi going on.
was awoke ahem midnight byt l
oneaoygodfeotainecilo: wthh:
must turn out—
hobiPsPe.rvwegel o" en
throe
was being lighted. 1
finuu artia ly at first, but soon in a
re, p .
site shore a vessel on
down the river towards the Falls. It
and proceeded tothtehree_lsosu:tinhlioaetfetir
we
bizze, and moving _
was the Caroline. She had met her fate. What the full
consequences may be time
d her hurrying on to destruction, and felt
while I watched
i must tell. I remember well,
as llAt • I like wise thoug of the ill eel-
tinhgatshheerw' t aasteliwkel iy
to' occasion betweenht the two nations,f
considering the cause which the American border people
had espoused. Ske had barely passed on to complete
destruction, when her captors landed where I stood,
from several boats. Had my brother been there
,I should have seen him; but I confess I did