The Sun.
London, England, 1870-01-24 00:00:00

TEL SUN, LONDON, MONDAY EVENING, JANUARY 24, 1870.

In-.a Met line through the-Znglish Channel to a
point near Brighton, and thence with two
lateral branches, one landing at a point near Havre,
France, nearly opposite Brighton, and the other at a
point on the coast of Holland, near the Hague.
By this plan the American company will be able to
"tap " the great business centres without paying any
subsidy to the owners of land lines. Greater speed
in the transmission of messages, too, will be secured.
RAILWAY PROPERTY IN 1850 AND 1870.

•
Herapath's Railway Journal gives statistics about
the price of shares of various railways in 1850 ane
1870, which shew that, in spite of all the tall;
against the value of such property since the
panic of 186 G, railway stock at the pre-
sent time is still a favourite investment.
It is only the unfortunate speculators in the.
London, Chatham, and Dover, and a few
similar companies, who are justified in depreciating
the business; and even they should remember
the very peculiar circumstances—such as the
means of raising capital which rendered
the failure of these companies almost a
matter of certainty. Look at the brighter side of
things. Twenty years ago Midland stock was as low
at 30k per cent. On the 15th of this month it was
at 124 Thus an outlay of £3O ss. at that
time has grown to be worth £123 155.,
and holders have been meanwhile receiving
handsome dividends. The Lancashire and Yorkshire
stock in 1850 was 31, now it has risen to 111. But
the most extraordinary rise is that of the Caledonian
Railway, the £5O shares in which were as low as 6}
in the spring of 1850, whilst in 1870 the stock is 701.
The London and North-Western has not risen much,and
Brighton stock has gone down, as the company might
have foreseen, when they unwisely made great exten-
sions into very poor districts. Of the little lines,
the Staines, Wokingham, and w oking, is an example
of the traffic having more than doubled itself in a
few years. Circumstances are on the whole very
favourable for a good future for railway property.

EMIGRATION TO CANADA.

Dr. Cheadle, who made the famous journey across
the North West Territory-with Lord Milton, says there
can be no doubt that the flow of emigration to the
west of the United States in preference to Canada
is entirely determined by the superior advan-
tages offered by the former. The country
resembles an endless park, where rich open
prairies are interspersed with stretches of woodland.
The settler finds timber enough in the scattered woods
to build his house, to fence his fields, and to provide
him with fuel. He ploughs as much of the
prairie as he may require with little labour,
and the rest supplies inexhaustible pasture
and hay for his cattle. The farm is almost
ready made to hand. What Canada wants, says Dr.
Cheadle, is prairie-land, and this is supplied by the
broad expanse of territory which stretches from the
Red River settlement to the Rocky Mountains. Let
Canada get possession of this land, now held by the
malcontent -half-breeds, and her light taxation will
give her a decided advantage over the United
States.

THE GOVERNMENT BETTING
PROSECUTIONS.

Appeals from the convictions of Sir Thomas Henry, the
magistrate at Bow-street, under the Betting Act, came before
the Court of Queen's Bench on Saturday, the judges being
Mr. Justioe Blackburn, Mr. Justice Mellor, and Mr. Justice
Lush. The Attorney-General and the Solicitor-General
represented the Crown; Mr. Mellish, Q.C., Mr. Serjeant
Sleigh and Mr. Hawkins, Q.C., were also in the cases.
The first case argued was that of " Wright v. Clark."
Mr. Mellish appeared for Wright, and said the principal
question he was instructed to argue was that the appellant
did not keep a betting house in the sense that he kept
a house at which ho bet with all corners ; but that ho
acted as a commission agent to invest the money which
other persons sent him. In short he was a broker, and
not a jobber. He made his profit, not by appropriating
the money sent him, but by deducting 5 per cent. from
the winnings, when the person who employed him won,
forwarding the rest to the winner. He had nothing if
they lost. The real question which the appellant wis'iel
to be decided was whether this mode of conducting
business came within the Act or not. There might be
another question in the case, as to whether the appellant
did bond fide carry on his business in this manner as he
professed ; but that was of minor importance.—Mr. Mellish
stated the details of the case, which were published at
the time of the trial. The appellant was charged with an
offence against the third section of the 16th and. 17th
Viet., chap. 119, "An Act for the Suppression of Betting
Houses," and it was alleged that he carried on the busi-
ness of a betting agent, and printed the documents and
papers used in his business, as.well as sporting publica-
tions, at 16, York-street, Covent-garden. His advertise-
ments were quoted, in which he stated that he executed
commissions upon receipt of instructions by letter, and
would take the money so sent into the best market, and
invest it to the greatest advantage for his client.
The appellant also stipulated that all communi-
cations must be sent through the post; and
announced that he laid no bet himself, only
acting as an agent; and that no money would be invested
until it had been received. George Clark, respondent, an
officer of the police-force, by direction of his superiors
wrote to the appellant requesting to invest a sovereign,
which was enclosed, by betting on a horse called Cock-o'-
the Walk. These instructions were complied with, and
upon these and some similar transactions, the proceedings
were fcunded. Mr. Mellish went on to examine into the
meaning of the Act, arguing that it only applied to places
where people personally resorted for the purpose of betting.
It was evident that the first section had reference
to such places only; and as for the third section under
which the conviction had taken place, it spoke of
cases where "money or any valuable things" had been
received "as for the consideration for any assurance, under-
taking, promise, or agreement, expressed or implied, to pay
or give any money or valuable thing." He submitted that
it did not apply in this case, because the " consideration'
for the appellant's promise was not the receipt of the
money, but the stipulation that he should have 5 per cent.
of the winnings.
Mr. Justice Blackburn was of opinion that the condition
of the assurance was the deposit of the whole of the
money.

Mr. Mellish argued the contrarT at some lenth, referring
by way of illustration to the transactions of brokers
on the Stock Exchange, and quoting Wright's advertise-
ments and circulars.

Mr. Justice Blackburn observed that the trade could
never thrive unless—to use a common expression— the
flies thought the spider was responsible; and that they
had to look to him and not to his unknown principal.
He understood that there were two other cases, and it
would be better to hear Counsel in them before giving
judgment.

Mr. Hawkins, Q.C., then stated the case of the Messrs.
Morris, of the "International Turf Commission Agency,',
Cork-street. The finding of the magistrate was that this
was a mere paid agency, and that the Messrs.
Morris had only acted as agents in the matter; and the
learned counsel submitted that no offence had been com-
mitted within the third section of the Act. The true test
to apply was the question—What was the obligation im-
posed on the Messrs. Morris about the time the money was
received by them?

Mr. Merewether appeared for Mr. Sidney Smith, a third
person connected with the statute, and pointed out the
peculiarities of the case.

Mr. Justice Blackburn thought it was quits unnecessary
to call upon either the Attorney-General or Solicitor-
General to address the court in support of the convic-
tion. The magistrate having in each case found in
fact that the pens n did keep a house for the purpose
of making the assura.nces to ray described in the Act;
and did in point of fact make them, the question came to
this : Whether there was sufficient evidence of it. It
was necessary to inquire what the Statate intended.
It recited that a kind of gambling has of late
sprung up, tending to the injury and demoralisa-
tion of improvident persons by the opening of places
called betting-houses, or offices for receiving money
in advance by the owners or occupiers on the promise to
pay money in the event of a horse winning a race. The
Act was, therefore, not directed against the assembling of
unruly mobs, but against the opening of offices
to do what it was intended to prevent. These
cases did not come within the first section, because
it referred to places to which persons resorted for betting.
But the second section applied to these cases, and the
third was still stronger on the point. To ensure a convic-
tion it must be proved, first, that an office was kept open
for the purpose of receiving valuable things as a conside-
ration for a promise to pay—and there could be no doubt
that these offices had been kept open for the purpose of
receiving mom: • „nd secondly, that there was a promise
or assurance on their part, expressed or implied to pay
money. It was clear that the persons who betted, foolish as
they might be in other respects, would not have parted with a
farthing except upon the distinct understanding that the
person who kept the house—and who was to some extent
a capitalist—himself guaranteed to pay. In the first case
that guarantee was given by the sending of a voucher. It
had been argued—faintly by Mr. Mellish, and more vehe-
mently by the other counsel—that the deposit of the
money was not the consideration for this promise to pay;
but the office-keeper would not make the bet unless the
money was sent; he did not enter into a contract until
he sent the voucher, and he did not send the voucher until
he got the money. In the second case an undertaking
to pay was given in a somewhat similar
manner; and in the third a voucher was given, which put
the matter beyond all doubt. There was evidence to jus-
tify a conviction in each, case ; and in his opinion the
magistrate would have been exceedingly weak and foolish
if he had not convicted. _ _ _

The other learned judges concurred, and all the convic-
tions were accordingly confirmed.

LAW AND POLICE.

THE NEW CROSS ACCIDENT.—Two more cases arising
out of the New Cross accident have been heard in the
Court of Exchequer and the Sheriff's Court. In the first,
a rule nisi was granted for a fresh assessment of damages
awarded to a barmaid. They amounted to £250, and it
was contended they were excessive. In the Sheriff's Court
an action was brought by Rollot and wife for compensa-
tion for personal injuries. The damages were laid at
£spoo, but as it appeared that the principal injury com-
plained of had existed previously, and that the only ex-
penses incurred through the accident were £lO for the
doctor and £l5 for three days' stay at the Grand
Hotel, Brighton. The jury returned a verdict for £lO.
ErTENSIVE ROBBERY FROM A BARGE.—Three men have

been charged at the Guildhall, Rochester, with stealing
property valued at more than .£3OO from a barge. One of
them was a seaman employed on the barge ; the others a
master and mate. The property formed part of the cargo
of a wrecked ship, and was brought up by divers. The
prisoners were remanded, bail being refused.
A VOLUNTEER IN TROUDLE.—In the Court of Appeal,
an appeal from a decision of Mr. Commissioner Thring,
of Liverpool, has been heard. The appellant was a
sergeant-major, named Graves, who had retired
on a pension of half-a-crown a day, and was
subsequently appointed captain and adjutant of
the 64th Lancashire Volunteers. His pay, allowances,
and pension amounted to £322 a year, and two of his sons
paid him £lOO a year for board and lodging. He had made
a composition with his creditors of 2s. ed. in the pound,
and the Commissioner had cancelled the deed on the
ground that the amount to be paid was inadequate to the
debtor's income. His lordship held that the deed was
fraudulent, and dismissed the appeal.

SINGULAR GAsr..—A very curious case has come before
the Court of Criminal Appeal. Last August a woman,
Rama' Fallingham, sent a living child, five weeks old, to a
person at Guisborough from Middlesborough, having pre-
viously brought it from Stockton-on-Tees by passenger
vessel in the same way. The child reached its dcstinatioi
alive, but died three weeks after, and the woman and a
relative who lived with her, were indicted at the
North Riding Sessions for having abandoned and exposed
it. They were found guilty, but a point was raised for
the opinion of the judges. The Lord Chief Justice
said the majority of the judges were of opinion that
the conviction should be affirmed, but looking to
the fact that it was the first case of the kind and the
prisoners might have been ignorant that they were corn-
Imitting an offence, he thought a lenient sentence would
meet thelzigenc* oj thosig9. Qewrigtjen einnnecl.

MONEY AND BUSINESS.

(Prom the Springfield Republican, Jan. 8.)

The stringency of the New Year crisis still continues
in the Money Market, and has a rather depressing, though
entirely temporary, effect on business. Money has been
at 7 per cent. gold nearly all the week at New York. The
outlook is flattering, however, and other cities east and
west suffer less tension. The bank statement for the week
ending with 1869 showed at New York an increase of specie
from $28,419,977 to $31,166,908, of deposits from
$177,165,586 to $179,129,394, and a decrease in the loans
fr0m.545,031,608 to $44,493,992; altogether an increase
in the reserve of three and a quarter millions. At Bos-
ton there was an increase in specie of $1,074,949, and
in deposits of $1,827,433. This increase in the monetary
supply at the centres is regarded as part of the regular
winter programme, as though capital, like other aristo-
cratic folk, gravitated to the cities upon the approach of
cold weather. Reviews of the business of the past
year are still in vogue, and on the whole make cheer-
ful reading. The general toning up of business east, and
the cautious contraction of credits which we have occa-
sionally noticed, does not seem to have been universal.
The Cincinnati Commercial, in its review of the year's busi-
ness, after confessing that domestic exchange has at no
time been quoted above the cost of transporting currency,
says: —The Money Market has been exceedingly close,
with no period of absolute ease. This, too, when business
in general has been devoid of speculative impulses, and
when tae mato) ials for prosperous business have been re-
markably abundant. Notwithstanding the contracted con-
dition of the commerce of the country, and the remarkable
absence of the disturbing influences of speculation, there
has apparently been a considerable expansion of mercan-
tile credits, so that the line of indebtedness now is greater
than it was a year ago - greater than is justified by fide
business principles. This remark, however, applies more
properly to the position of interior merchants, with re-
ference to their relation to city jobbers. Yet the ex-
tension of credits to buyers of that class has caused mer-
chants
of the cities to stretch their credits with the city
banes to extreme points. There are signs of a change
for the better, and reason to hope now that the worst
of the present pinch has been passed; as many have
quietly withdrawn from business, after having run through
their capital stock, it is to be expected that when the clear-
ings up for a new year's business shall be made there will
be a more equitable competition in trade and a better basis
for it. Gold languishes. Mr. Boutwell's efforts to main-
tain it lead him into all those variations of speculations,
which we attribute in private individuals to shrewdness,
when successful, but in a public officer to inconsistency
and fickleness, whether successful or not. Tne fact is
that in ordinary times, when no financial convulsion is
impending, as there was in September, the Secretary of
the Treasury has no need and no business to appear in the
market, either as bull or bear. During last we, k the un-
derstanding was that Mr. Boutwed would accept bide
within half a cent of the market price, and in anticipation
of the sale of $1,000,000 on Friday, the premium declined
to 119 f. When the bids were made, ranging from that
figure to just above 120, the Government refused to sell
below 120, and the whole amount disposed of was only
$20,000. The street quotations thereupon rose to 120 j.
In consideration perhaps of the small amount of the
Government's own gold in the Treasury, the Secretary
has essentially modified his programme of sales for the
month, advertising the disposal of but four millions, one
on the 6th, 12th, 20th, and 26th each. The effect of this
restriction of the gold disbursement, when announced on
Monday, was to give the premium a temporary lift, which
it soon lost. Government Bonds have been very firm
during the week, and have advanced a fraction. Secre-
tary Boutwell proposes to buy six millions during Jan.,
two millions on the sth and 19th each, and on the 13th
and 27th each. The continued reduction of the debt, and
the increase of 25 per cent. in the yield of the internal re-
venue for the past six months, on account of greater effi-
ciency in its collection, are cheering facts, wli!ch have
more weight in our favour abroad than at home, where our
confidence in our solvency needs no further nursing. The
quotations of 1862's in London have been up to 87 1-2. Mail
advices attribute the activity to renewed orders from
Frenoh capitalists, who have been rather slow in appreciat-
ing our securities. A report is current, which we have not
seen authenticated, that a company is beiug formed in
Europe, with half a million dollars capital, for the express
purpose of buying up United States bonds and holding
them for the further rise, for which, of course, it would
only be necessary to put in enough capital to make good
the margin. It, is an instructive fact that while 1862's are
our best bonds abroad, the 5 per Cent. Ten-forties are
quoted much nearer to them than they are here, thus show-
ing the better appreciation of a long-time bond in Europe
than in America, a fact well known, but not much acted
upon. ciouthern State bonds are unchanged, except on
North Carolinas, which are weaker. The stock market
has bad a very dull week, on account of the stringency in
money. On Tuesday quotations stiffened a little,
New York Central advancing 11 to per cent. Pacific
mail has depreciated to 41, and Hartford and Erie at Bos-
ton to 7i. The latter road has also asked for grace in i,s
January coupone, and Mr. Vanuerbilt and other large
holders are willing to wait. The other Erio has been de-
feated in its atterept to get possession of the-Albany and
Susquehanna Railroad, by Judge Smith of the New York
Supreme Court, who, in a session at Rochester, decided
that the Ramsey directors were legally elected and the
Fisk not so. Judge Smith also vacated the receiverships
of Fisk, Pruyn, and Courter, and ordered Fisk's would-Le
directors to pay the costs. Rock Island has been in dis-
favour during the week, on account of the supposed un-
loading of stock by the principal holders and managers, in
view of the new issue of R atered stock. The Central
Pacific publishes a favourable statement of its first year's
business—four months of which was purely local. The
earnings of the road from January 1 to May 1, 1869, from
the local business, on an average of less than 450 miles in
operation, were as follows:—Gross earning $1,306,943,
operating expenses $824,044, net earnings $482,899.
The earnings from May 1 to December 31, being the
first eight months of the through connection, were as
follo'ws :—Gross earnings $4,442,652, operating ex-
penses $2,198,197, net earnings $2,244,455, making the
aggregate. net earnings for the year 1869 $2,72i,3,.4 in
gold. The receipts from the local business thus far are
stated to have been nearly 70 per cent. of the whole
amount. The value of equipment is $7,274,000. Bread-
stuffs hold their own with remarkable tenacity in view of
the state of the market at home and abroad. The last ac-
counts from England, Russia, Germany, California, and
all parts of the bread-buying world, indicate a falling
market in view of plenty. Twenty-eight cargoes of
wheat, nine of maize, six of barley, one of beans, and
two of rye arrived off the English coast during the ten
middle days of December. Much of this vast tonnage
of food came from Russia. The amount of breadstuffs
shipped from New York during 1869 and 1868 was as
follows:

1869. 1868.
Flour
Corn meal, barrels 137,667 ... 191,016
Wheat, bushels 18,384,492 ... 5,702,137
Rye 1) 151,476 ~. 152,993
Oats, „ 50,695 ... 94,207
Corn „ ..

Cotton also maintains its price steadily, the demand at
Liverpool being good, and the India crop having suffered
from severe storms. In tobacco the total exports have
fallen off for a week or two. The home market is quiet.
Dry goods prospects have not altered noticeably.

(From the Wall-street Journal.)
FRIDAY EVENING, Jan. 7, 1869.
Failures continue, but, in view of the general position of
affairs, are not as numerous as might have been expected.
Among others in this city, we regret to note those of H.
N. Camp and Co., sugar refiners, having a large refinery
at Bristol, R. 1., and Clark, West, and Co., formerly of 122,
Duane-street, and late of 460, Broome-street, largely en-
gaged in the importatio,i of foreign cloths.
Money on call is easy, and borrowers are readily sup-
plied at 7 per currency.
Discounts are more readily obtained, and choice accept-
ances pass without trouble at 10 per cent., while inferior
grades are very heavy.
Gold is once more on the rampage, and speculators
have to-day forced the quotation up to 1211, closing, how-
ever, at 1211.

The following are the quotations for specie:—
Amer. silver... 97i to 98 I Eng. sous 487 co 489
Mex. dollars...lo3i „ 101 20 francs 3e5 „ 387
Eng. silver 470 , 480 Thalers
Fivo francs 96 „ 97
Railroad Stocks are more active than for some weeks
past, but prominent holders are free sellers at the quo-
tations.

Railroad Gold Bonds conti
and a good share of the pa 3
has been directed to these del
N. Y. Central Cs, 1883 85
N. Y. Central Cs, 1887 85
N. Y. Central 6s, R Est 83
N. Y. Central 6s, Sub'n 84
N. Y. Central 75,.1876 98
N. Y. Cen. 75, con. 76 —
Erie Ist Mort, Ex 941
Erie 7s, 2d Mort, 1879 BB-1
Erie 78, 3d Mort, 1883 B5l
Erie 7s, 4th Mort, 1880 77
Erie 7s, sth Mort, 1888 77
Long Dock Bonds
Buff. N.Y. & E.lst M, '77 B2
Bud. li. 7s, Ist H,
.11. 7s. 2d M, 'B5 99
Harlem Ist M, '6B '72 9B
Mich. C. Ist 51, 69'72 115
-Mich. new Ist M 85,'82 —
Mich. So., 7 p. c. 92
N. lud. Goshen Line '6B
Mich.S.&N.l.S.F'd7p.c. 97
111. Cert. 7 p. e, '7O 116
Alton & T. If. 14 M 891
Alton & 'l'. IL 2d pfd 79i
Alton & T. H. 2d M. Inc. 71
Han.& St.J.LandWrotslos
Han. & St. J. Con
Chi. B. & Q., Ist 51 1081
Chi. & N. West, S. F 96
Chi. & N. W. Con Cony B7
& N. W. lot B B,l
& N. W. let 1M 9l
Quincy & Tot, Ist 31.'75 70
ill & ho. lewa 1,1 51
,;:i. is! M,
Gt. Western 2d M '93 761
Tol. & Web. Ist M Ex BB4

inue to be steadily absorbed,
yments for January interest
)sirable securities.

Tol. & Wab. Equip 721
Mil. & Pr. du Ch. Ist M —
Gal. & Chic. Ext 101
Gal. & Chic. 2d M 9O
Chi. & It. I. Ist M 101
Chi. IL I. & Pacific 7's 94
Cleve. & Tol. S. Fund 93
N. J. Central let M 100
N J. Central 2d M 92
Pitts. Ft,W., &Ch.lstM 101-3,
'Pitts. Ft. %V., & Ch. 2d M 92 -
Pitts. Ft. W., & C 11.3,1 M B5
Clove. & Pitts., 4th M
! 70j
Chic. & Alton, S. F. Int
Chic. & Alton, S. P. lstAl. 92
Mil. & St. Paul Ist 31 9l
Mil. & St. Paul 24 82
Marietta & Cin. Ist M —
' Morris & Essex Ist M 96}
Morris & Essex 2d 31
Joilet & Chic. Ist M —
Chi. & Gt. East'n lst3l
N. Y. Sr, N. IL Os ..... •••
95
Dubuque &S.Citylst M. 93_
Peninsula- Ist 31......••• 80
Ohio & Miss. Ist 31 9O
Ohio & Miss. Con., 771
Tol. P. IV. Ist M. E. D 77
Atlantic & G. W. 2d M.
Del., Lack., & W., 2tl M. 92
Lake Shore Div. Bonds 85
Cleve, P. & A sh. N.B
Ito.

Union Pocifio Gobi 8... Si
,iitt I'. B 9
Pacific BIZ. guar. by .r.lio. 90

Foreign Exchange is heavy, the advance iti gold haviat
for the present checked the demand.
Sixty Days. Three DAY.
London Bankers
London, Prime Commercial lOB —lOBl
Paris,
_.
Bankers - 5.171- 5.161 —5.15
....
....

.
Bremen, Bankers
Hamburgh, Bankers 354-35i
Frankfort, O.M. 4of-40i
Berlin and Cologne
Antwerp 5.224-5.171
Amsterdam, Bankers
Swiss 5 22+-5.17 i
Government Bonds are active and have advanced to-
day f to f per cent. over yesterday's lowest prices.
Sixes, 1861, registered ll6} to 116+
Sixes, 1881, coupon
2
Sixes, 1868, coupon ..
Five-twenties, 1862, registered ll3' to 114
Five-twenties, 1862, coupon
Five-twenties, 1864, coupon
Five-twenties, 1865, coupon
Five-twenties, 1835, coupon, new
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 1134 to 113 k
Ten-forties, coupon llll to 1124
Ten-forties, registered
Oregon War Loan, Sixes 1881

Miscellaneous Stocks show some improvement, espe-
cially Cumberland Coal, Mariposa, Pacific Mail and
Quicksilver, all of which aro higher.
N. Y. Cent. & Ilud. Er. 911 Fort Wayne
Erie
Hudson .. -
Reading
Mich. Central ll7l W. U. Telegraph
Illinois Central
Cleveland & Pittsbrg B4 Ohio and Mississippi... 251
North-West
North-West Preferred 811 Cumberland
Canton 5O N Y and N Haven.... 1311
Rock Island
Cleveland and Toledo IM & St. Paul Preferred 86

Express •Stocks do not show much activity. W°

quote :

Adaws 62 to 62i
American Merchants' Union
Merchants' Union, old Stock to
United States
Wells, Fargo, and Co 191 to 20

Messrs. Drexel and Co., the Philadelphia bankers, report
as follows on Friday, Jan. 7 :—Pennsylvania Railroad
Shares, 54i 541 ; Sixes, Ist Mortgage, 97 98 ; Sixes, 2d
Mortgage, 96 96f.

STATEMENT OF THE PUBLIC DEBT OF THE UNITED

STATES.

The following is the recapitulation of the .Treasury,
Statement issued by Secretary Boutwell on the 10°
instant:— DEBT BEARING INTEREST IN COIN.

Principal.
Bonds at 5 par Cent. $221.589,300 00
Bonds at 6 per Cont. 1,886,549,800 00

Interest,

Total 52,107,939,100 00 $48,797,633 ba
DEBT BEARING INTEREST IN LAWFUL MONEY.
Certificates at 3 per
cent. interest
Navy Pension Fund,
at 3 per cent.

45,545,000 00

$59,515,000 00 $1,120,900 00

Total .
Debt on which inte-
rest has ceased
since maturity 4,140,936 61
DEBT BEARING NO INTEREST.
Demand and Legal
Tender Notes 53L6,113,098 50
Fractional currency 39,762,664 68
Certificates of gold
deposited.

8514,906 60

40,170,380 00

Total 436,016,143 18
Total outstanding $2,607,671,179 82 50,463,490 18
Total Debt— Princi-
pal and interest t o
date, including
coupons due and
not presented for
payment 2,658,134,670 00
AMOUNT IN THE TREASURY.
Coin
Currency
Sinking Fund in U.S
coin, interest on
bonds,and accrued
interest the, eon
Other U.S. coin, in-
terest, bonds pur-
chased, and accru-
ed interost thereon $64,908,350 37 209,387,716 69

22,545,927 34

,
Debt, less amount in the Treasury 52,448,746,953 3,,1
Debt, less amount in Treasury on Ist ult. 2,453,559 733 2°

Decrease of Public Debt during the past
month

64,812,781 92

Decrease since March 1, 1869
BONDS ISSUED TO PACIFIC RAILROAD COMPANIES, INTB-
REST PAYABLE IN LAWFUL MONEY.
Character of Issue. Amount Interest accrued
outstanding. not yet paid•„4
Union Pac. Co., 6p. c ... $27,075,000 00 $812,21'
0'
Kan. Pac., late U.P.E.D., 0
6p. c 6,303,000 00 189,090 00
Sioux City & Pac., 6p.c
21
2,362,000 00 t 64,874
Central Pacific, 6p. c ... {23,519,000 001 701,209 86
Central Branch U. P. to

assignees of Atchinson
and Pike's Peak, 6 p.c 1,600,000 00 . 43,000 00,
Western Pacific, 6 p. c. 1,648,000 00 26,615 61
....—_------
Total issue $64,135,320 00 $1" 890 856 64
Interest paid by United States $4,984,822 64
~1
Interest repaid by transportation of mails,&c 1,861,069 1."
,o
Balance of interest paid by United 5tate553,123,732 °'''

The Postmaster-General at Washington is drase
lig up a paper showing the sums paid to foreign stearnsluP
lines for the conveyance of the ocean mails, and that paid t°
American ships during the same period. It is asserted tbo
the figures will demonstrate that the United States have beet,
engaged in the protection of foreign instead of building nl3
lints of their own. It appears to be almost impossible t°
discuss any such question in America, except through the
haze of a protection view. If the British Government
would gather the statistics of the shipping employed sone
ten years ago between British ports, it would be found
that it was only through the employment thus give°
that the American mercantile marine reached the mar
nitude it did during the palmy days of clipper
wooden ships. It might have been said that the British
Empire was then virtually building up Amerian corn:
merce through the protection it thus gave ; but Englau.e
was merely allowing its citizens to make the best bare.°
they could in their own interest, knowing that the agglo-
meration of these interests make up the welfare of the
nation. If no place in America has the facilities of the
Clyde, for the construction of iron steamers, legislation
might foster American lines at a great national expel°,
to die away when left to free competition ; but little goon
could in any way accrue, while on a balance it would b°
discovered that evil predominated. The question for the
Postmaster-General is whether the work of transporting tl'e
mails has been cheaply and well executed. If it ham, theSe
steamships owe no more to America than a mason
owes to a house-builder who receives his wages for
a good week's work; and if, under a sentiment, the
builder employed the wrong workmen, a certain 100
would be his, while the chances are that no one would
gain, not even the unfit persons thus improperly employed'
if America desires to establish transatlantic steam hone

flying the Stars and Stripes, let American capitalists ptl
chase steamers where it best suits them.
[ADVERTISEMENT. I—Holloway's Ointment and
Lives Saved. - How happy would those sufferers be wboi°
whole system is in danger of breaking down through the
daily drain of discharges from ulcerations and skin diS-
eases, if they only knew that a day rarely passes withet4
new cases of cure being brought to the knowledge of the
discoverer of these peerless remedies. For ulcers,
Eoree,
burns, bad legs, skin diseases, and similar maladies, the
insufficiency of ordinary applications is admitted by all .
but none, thus afflicted, have b'eu disappointed in the'
expectations when a fair trial has been given to Holl°'
way's ointment and pills. The pain and swelling usuallf
attending this class of ailments will diminish daily under
the cooling and soothing unguent.
(ADVERTISEMENT.)—Avoid Medicines they always aggravat!:
chronic complaints: but Du Barry's delicious health-restoring
Revalenta Arabica Food, which yields three times the nourish'
mentof the best meat, saves 50 times its cost in other remediesA
and invariably restores perfect digestion, strong nerves, soup"
lungs, healthy liver, pure blood, refreshing sleep, functional re
gularity, ant' energy to the most disordered or enfeebled. We cS
tract a few out of the 68,000 cures •—" The Pope's health restore:
by Du Barry's Food. Cure No. 68,413.—"R0me, July 21, 1850
—The health of the Holy Father is excellent, especially sinee
abandoning all other-remedies, he has confined himself entire',
to Du Barry's Revalenta Arabia,. Food, of which ho consunio
a plateful at every meal. It has produced a surprisingly bern
flcial effect on his health, and his Holiness cannot praise this eltee,
lent food too highly. From the "Gazette du Midi, July 25 Curl
No. 58,216, of the Marchioness de Brehan, of seven years' tic
complaint, wasting away, debility, nervousness, with a ners'o"d
palpitation all over, bad digestion, constant sleeplessness, a°4
the most intolerable nervous agitation.." Cure No. 1,771; ,
Stuart de Decies, Lord Lieutenant of Waterford, of many years
dyspepsia. No 49,832: " Fifty years' indescribable agorr froo
dyspepsia, nervousness, asthma, cough, constipation, flatulen_eli
spasms, sickness, and vomiting.—Maria Joly."--_Core 71090
46,270: 46,270: Mr. James Roberts, of Frimley, Surrey, of 30 yearn „diseased lungs, spitting of blood, liver derangement, a'' /
partial deafness. Important Caution.—Beware of the 10'1
unsavoury and more than sloppy imitations to which, withol
authority, Baron Liebiz's name is most audaciously attached'
In tins, at s i d; Ilb 2s 9d; 2 lb -Is 65; slb Ifs; 12 lb 225,!.
24 lbs 40s.— Also I)u BARDy's RDNALENTA RADICA CnocoLAl;
cuTphsea3to3sos' and !,5s tins are for 576 cups at 5 )t
POWDER is packed in tin canisters: for 12 cups at 2s, for 24 ettl?o
at
biesin6gd,afboorui oneBcu psa t6s
penny iv forr cup.2B
in England on receipt of Post Office Ordei. a
Regent-street, Loudon ; and
all carriage
yf
uoBARRY and Co., No. 77,
all Grocers and Chemists.