The Sun.
London, England, 1870-03-26 00:00:00

January, letters and parcels were sent free counting
454 post-offices only, on which there would otherwise
have been payable $160,000. Taking the number of
Congressmen at 293, it is asserted that each costs
on this estimate, dividing the total among them,
more than $B,OOO, being thrice the amount of his
salary. The fact is startling, and suggests the ques-
tion, How do these busy bees make so large a
use of the post? It is hinted that, if inquired
into, the sale of cadetships would prove insignifi-
cant in comparison with the improper transfer of
official franks. Thus, then, we have an unjust blow
dealt against the most worthy and distinguished
servants of the Republic ; a useful and necessary
measure burked, from insignificant personal mo-
tives, and a wholesale abuse maintained because
the Members derive a benefit therefrom. We grant
that these are very exceptional instances ; that the
ordinary legislation of Congress is practical, just,
and expedient ; but it is not the less necessary
that the Members should be reminded that the eyes
of the world will always be fixed on the proceedings
of so great a Parliamentary body, and that instances
of legislative injustice, of petty individual consi-
derations and gains, as also the gratification of ill-
temper, will surely act to the prejudice of the esti-
mation in which it is held.

MONETARY REPORTS.—YEsT ERDAY.

Business in the Stock Exchange hag been limited to
day, and there has been a tendency to lower rates. Con
sole have been alternately depressed and steady, an(
at bne time they shewed a relapse of per cent., but the
decline was subsequently recovered. For money the price
has been 931, 932, and for the April account 93R, 931.
Reduced and New Three per Cents 911, 92 ; Exchequer
Bills par to 4s. prem. ; Indian Five per Cents have been
done at 1121, 1131, and Indian Bonds 20s. to 235. prem.
On the whole, the market for English railway stocks
has been quiet. Great Western has been firm, and has
risen Metropolitan and Caledonian also have been
rather steadier, at an advance of but Midland and
London and Brighton, on a pressure of sales, have
receded
Indian railway stocks have been quiet, and without
change. Canadian shares have been flat. For foreign
shares there has been only a moderate inquiry, but prices
have ruled firm.

The market for foreign bonds has been firm. Egyptian
have continued in request, and there has been a strong de-
mand for Peruvian, Russian, and Turkish. The altera-
tions have comprised an advance of 1 per cent. in Brazi-
lian (1858), of in Peruvian (1865), and of is in Peruvian
(1862) ; and a fall of in Argentine (1868) and Turkish
(1869).

American securities have been quiet. The Five-Twenty
(1882) Bonds have fallen i, and Virginia 2i.

British mining shares have been dull. Assheton have
been down as low as 11k, and Van have receded 1. Colonial
and foreign mines have been quiet.
As regards Bank shares, the market has been dull.
Agra has receded f.
Telegraph shares have continued depressed. Anglo-
American have relapsed it, and Falmouth, Gibraltar, and
Malta to a similar extent.

The shares of the Cafartha Mining Company have been
dealt in at 1 prem.

Telegraph Construction Shares have been flat, and I
lower.

Miscellaneous securities have been quiet, and without
movement of importance.

The money market has continued firm, and three
months' paper has been charged 3 per cent.
The sum of £169,000 has been sent into the Bank
to-day.