The Sun.
London, England, 1841-02-16 00:00:00

AMERICA.

By the arrival of the packet-ships Columbus
and Roscoe at Liverpool, on Saturday evening,
we have received New York papers to the 22d
ult. The following extracts from them include
all the news they bring of any interest.
THE CASE OF MR. 111'LEOD.

The following is from the New York Herald :
" The trial of Mr. M.Leod will soon take place ; the excite-
ment is increasing ; and every day we receive accounts of the in-
creased bad feeling between the frontier settlers on the boun-
dary line. All this the arrogs.nce displayed by Mr. Fox in his
correspondence will only have the effect of increasing. We
look with great anxiety for the result."
The Sun has the following on the same subject :
"THE CASE or 111.‘LEori.—The Canada papers make a

great deal of noise, and bluster in a characterkic manner, in
reference to the arrest of Mr. M'Leod. The Toronto Herald
somewhat distinguished for its blood and thunder' paragraphs
is particularly furious. He not only menaces the United
States, but England also. He says that the latter cannot,
must not, dare not, submit to the insult upon the nation in

the person of Alexander M'Leod."
" We perceive, also, that orders arc published, making cer-
tain arrangements in the army, with the view of having a suffi-
cient force at all times ready for any sudden emergency. Whe-
ther this has any special reference to M`Leod, or w hether another
rebellion is anticipated, or whether it is done to frighten the
Yankees, we of course have no means of judging.
" We can assure Canada, and all the world beside, of one
thine, that is, the authorities of New York will proceed firmly
and resolutely in the discharge of their duty, and in obedience
to the laws, the administration of which is committed to their
charge. Mr. M'Leod will be tried for the crime al'eged against
him, and if he is innocent, as we sincerely hope-he is, we have
no doul„..i....it.pf,'his acquittal. If he is guilty, he ought to be, and,
we trust, he will be, convicted, without the least reference to
the absurd demand, made in a tone of gross insolence, by the
British Minister.
A New York paper states, that " an American fishing party
from Vermont, and some Canadians, met at Temuskepetung
Lake, when from words they proceeded to blows, and the Ca-
nadians were beaten. The latter threatened to cross the bor-
der anl burn the houses of their opponents. In the neigh-
bourhood of Waterloo they had formed a party, and talked of
making a descent upon Lockport, for the purpose of rescuing
Mr. fs'Leod.
" The Rochester Democrat reports, on the authority of pas-
sengert from Lockport, that Mr. M'Leod was about to be re-
moved to Rochester for sale keeping, to be escorted by two
comparies of United States troops. The Buffalo Republican
states fiat two companies of artillery have been ordered horn
that station to Lockport, on account, as rumour said, of an
anticipated attempt of the Canadians to rescue Mr. M'Leod."
The iolliowing is from the correspondence of the New York
Courier and Enquirer :
WASHINGTON, JAN. 15, 1841.—1 invite your attention to
the recent correspondence between Mr. Fox and Mr. Forsyth,
in relation to the destruction of the steam-boat Caroline at
Schlossa-. When analyzed in connection with the facts as they
are unde-stood to be, it contains an extraordinary, and as novel
as extrairdinary feature. There remains something behind
the curtain not yet developed.
" I proceed to state briefly what I understand to be the facts.
During tae last year, Mr. Stevenson and Lord Palmerston have
had a tare correspondence respecting the Caroline. His Lord-
ship justifies and defends the attack upon the ground that Mr.
Adams assumed on a well-known occasion. Mr. Fox, in his
letter of the 29th of December, uses the argument of Lord Pal-
merston, out in a blind way ; clearly indicating, however, that
he was not un.cquainted with the correspondence that had
taken plaes on the other side of the Atlantic. To this letter of
Lord Palmerston, Mr. Stevenson replied, and, I have reason
to believe, in a tolerably able manlier. At all events, no sacri-
fice of our national honour was made in the slightest degree.
NORTH-EAST BOUNDARY QUESTION.

MAlNE.—Governor Kent, in his address to the Legislature
of Maine, just delivered, expresses himself on the subject of the
North-Eastern Boundary in the following terms. After al-
luding to the imrediments and delays which have heretofore in-
terfered to prevent an adjustment of the question, he says—
" The time rennet be far distant when the question must as-
sume a more definite shape, either peaceable or warlike: and
much as we. may deprecate the awful evils and miseries of
war, we laugh to be prepared to meet the issue, if such, after
all, is the determination of our opponents, with the firmness of
men who feel that they have the right, and who will not yield
to threats or force the inheritance of our fathers and the right-
ful territory of our state. The unanimity which has charac-
terised our Sate on this question, in the midst of all our. politis
cal excitements, is a sure guarantee that the people are ready
to sustain their rulers in all judicious, temperate, yet firm and
decided meascres, and that it is regarded by them as too sa-
cred and too sdemn a subject to be made the instrument of any
mere party set-ernes or movements."
On the subject of the recent military occupation of Mada-
waska, by order of the Governor-General of Canada, Gover-
nor Kent says—
He adverts to the occupation, by order of the Governor-
General of Canada, of the posts of Tamiscouta Lake and Ma-
dawaska, by British troops, in direct violation of the stipulated
agreement between the authorities of New Brunswick and
Maine, and says—
" I cannot but view this proceeding, as my predecessor does,
in his reply to Sir John Harvey, as • a direct and palpable in-
fringement of the subsisting arrangement,' and as taking military
possession of that portion of the contested territory. And if the
suggestion of Lieut.-Governor Harvey, who seems not to have
been consulted in :elation to this mew act of jurisdiction, and
who evidently regards it with regret, if not as an infringement of
subsisting arrangements, is disregarded, and the British troops
are permanently ]orated at Madawaska, I shall feel it my duty
to reiterate the request already made to the general go-
vernment, and to qrge upon the Governnsent the justice and
expediency of talsiry military possession on the part of the
Visited States if the territory in dispute. The General
Government owes it to Maine to move forward in tkis mat-
ter, with promptness and energy, with a sincere, and even
anxious desire to preserve peace, but with an equally firm de-
termination to maintain subsisting engagements on our part,
and to insist upon a full performance from the other party."
lii the House of Representatives, on Friday, Mr. Walker
submitted the following resolution for consideration :
Resolved—That the Committee on Foreign Relations be
instructed to inquire -into the expediency of causing to be pro-
cured and submitted te the Senate, copies of the debates in the
British Parliament, pier to the ?ear 1820, in relation to the
nurth.easterti boundsey of the United States, and copies of
land titles emanating hems the British Government repup-mut
in the calls of said titks to the boundary now claimed by said
Government."
Mr. Preston objected to the adoption of the resolution, as
presenting us in the aspect of regulating our proceedings by
British legislation.
Mr. Walker said the resolution was one of inquiry only. He
had read one of these debates of the British Parliament, and
conceived it ought to be of the utmost importance, and that it
ought to be published in an official form for the information of
the people of England, sf the people of the British provilaccsi
of the people of the United States, and of the civilized world.
In that debate, the bounstary line, as now claimed by Great
Britain, was distinctly repudiated by both branches of the Bri-
tish Parliament, and by both parties, the Opposition and the
Ministry, in a debate too contemporaneous with the treaty of
788.
Mr. Webster said he agreed with the Senator from Missis-
sippi (Mr. Walker) as to the importance of these documents in
shedding light on the true intent and meaning of the treaty of
1783, in relation to the boundary between the United States
and the British provinces. It clearly established in his mind
that the treaty pursued the old boundary as established by the
charter of the colony of Massachusetts, anti that the north-west
corner of Nova Scotia was the starting point.
Mr. Buchanan said, that, as this resolution was one of mere
inquiry, it might appear discourteous towards Mr. Walker to
oppose its adoption, and he should do so with great reluctance.
Why should the Senate be made the instrument of communicate
ing this debate to the public ? Such a course was unprece-
Jointed, so far as his knowledge extended.
Mr. Allen said he was opposed to the adoption of this reso-
lution. What was its object? To procure testimony in sup-
port of our claim to the territory embraced by the limits of
Mains. He was opposed to this. So long as we debated, so
long as we gave opportunity for cavil on this subject, so long
would Great Britain protect its settlement. There is a point
at which this matter must stop—where we must put our foot,
and say, this admits of no further discussion. He hoped the
Senate would not again open the subject of the north-eastern
bound try. We had already decided, by a unanimous vote, that
our claim was right, and we will, if necessary, support it.
Mr. Clay, of Kentucky, said the motion was to adopt the
resolution to print certain debates of the British Parliament
in relation to the boundary between the State and the British
provinces. What was the present condition of the boundary
question? It is the subject of negotiation. The diplomatists
are now acting on it, and acting on it, as he was informed, in a
spirit worthy of the enlightened Governments interested in the
question, and the liberal and benevolent spirit of the age in
which we live. Why, then, should we interfere ? Mr. Clay
referred to the recent correspondence between the Secretary of
State and the British Minister, in reference to M'lseod, and
said that the language used by Mr. Fox was such as should not
have been used without instructions from his Government.
He understood that the whole correspondence on the part of
that Minister was without instructions. The affair of the
Caroline was one of much delicacy ; and it remains to be
seen whether the order by the British authorities to capture the
vessel was intended to be limited to the waters over which they
had jurisdiction, which might have been justifiable, but her
capture and destruction at Fort Schlossar, on our own shore,
was another and a very different matter. He concluded by
expressing his opinion that the idea of a probability of a rup-
ture with Great Britain was entirely unfounded.
Mr. Walker said, whatever opinions others might entertain
in regard to this boundary controversy, here was one in which
he had hoped that all would concur; and that was, that if war
must come, we should have clone all in our power to demon-
strate, both to friends and foes, that the right of the case was
with us, and not with Great Britain.
The resolution was accordingly laid on the table.

PIIITADET.PI4IA, JAN. 19.
The last few days have been pregnant with events of an im-
portant character in this city. The question has daily been,
',Will the United States Bank be able to hold out or not?" My
impression is that she will. Still, however, the matter cannot
be considered as placed beyond a doubt until the end of the week.
I have been in the Bank every day since the resumption.
During Thursday, Friday, and part of Saturday, the run was
considerable ; and I was informed that up to Friday at 3 p.m.,
more than 500,000 dollars had been paid out. Up to last night
more than a million had been withdrawn from the vaults, ac-
cording to all the statements and reports that are afloat. You
must be aware that a few days longer of such a run would try
the Bank seriously.
On the other hand, people are getting tired of large
amounts of specie already, and conveying the bulk of their
dollars back to the banks as fast as they took them out.
They do not, however, so far as I can learn and observe,
take their specie back the United States Bank, as, during the
prevailing panic, that institution has become unpopular. But
several of the other banks support the institution by sending
specie, and this it is that gives me confidence that she will
weather the storm. The state of the Baltimore banks stands
in relation to their circulation as 13 to 15. They are there-
fore well off; hut say they will not resume until the Richmond
and other southern banks pay specie.
You will be gratified to learn that a Bill has passed
both Doilies of the Legislature of Pennsylvania for a loan of
800,000 dollars at six per cent , to pay the interest due on the
State debt in February. The loan is not yet taken.
The population returns of the United States are nearly com-
pleted, all the census being received at Washington, except
Kentucky and Arkansas. Estimating these two, in the ab-
sence of the actual returns, the population of the Union in
1840 was .16,900,84. Included in the above are 2,350,000
slaves, and 385,000 coloured people. The popolution in 1830
was 12,866,920 ; in 1820, 9,633,131 ; in 1810, 7,239,814.

MONEY MARKET, JAN. 21.
(From the New York Daily Express.)
A fair amount of business was done today. U. S
Bank rore 4 ; Vicksburg ; DelaAare and Hudson up
SALES AT THE STOCK EXCHANGE, JAN. 21.

50 shares U. States Bank s 60 52
b 4A 100 do do l5 52
50 do do
100 do do
7') do do
50 do ..... .„(19 b 30 bli