The Sun.
London, England, 1846-06-15 00:00:00

England on this subject, if we had men with heads—
with heads, Sir ! said he, to manage the negotiations.
lie proposed a sketch of a bill which he would vote for,
to extend the United States laws over our own citizens
there—for fortifying the mouth of the Columbia, erecting
light houses, B‘c. After a few remarks from Mr. West-
eott and Mr. Cass, the subject was passed over till Monday,
when Mr. Cass speaks on the subject.

COMMERCIAL NEWS.
(From the Courier an-1 Enquirer.)
NEW YORK, Mar 30. —The public attention is wholly
occupied by the events of the war with Mexico, its effects
and consequences, actual and probable, The decisive supe-
riority manifested by the American troops in the actions of
Palo Alto and Resaca de la Palma, on the left bank of the
Rio Grande, gratifies the pride of the nation, while it hastens,
as is willingly believed, the prospects of peace. In this last
view, particularly, it concerns 113 in these remarks, since
peace is the desire and chief interest of men of business. The
effect, thus far, of the war has been felt most severely in New
Orleans, mere indeed, as yet, from the apprehension of evil,
and not from the occurrence of any loss or disaster.
The pressure is none the less real on this account. The
withdrawal of orders on European account and the suspen-
sion of credits on Northern cities—the first shape in which
-
the consequences of war began to show themselves—arose
i
mainly from the enhanced premiums of insurance which
would, it was reasonably supposed, be charged on shipments
from New Orleans. The calculations of profits are
close that a difference of two or three per cent.n now so
the cost of
insurance would turn the scale against the iadventure, and
'
this difference might be much gFeater, as the orders were
suspended or withdrawn. Meantime produce
New Orleans ; but as therelittle or no poured into
wasno sale for it, ships
comparatively scarce, and freights rising; the factors were
unwilling or unable to make advances against it; and thus
the pressure in the city reacted u ponthe interior—and as the
planter or producer of the Mississippi valley finds his staples
unsaleable, he is prevented from buying his ordinary sup-
plies of goods and groceries, and from paying at maturity
existing engagements for previous purchases. The merchants
on the Atlantic sea-board, who furnish these supplies on
credit, will in turn find their anticipated resources from their
customers dried up, and thus the circle of inconvenience and
disappointment is widened, until all departments of industry
become more or less involved.
The motives, therefore, for desiring peace are not on our
side likely to diminish, while the clear proof that the Mexi-
can cannot, even with greatly superior numbers, compete
successfully with us in arms, will, it is hoped, convince them
—the point of honour being satisfied by the gallantry with
which they have unquestionably met the battle—that peace
is also their chief interest. The President of the United
States, in 'the Message of the 11th instant, wherein he re-
commended war, expressly says, " it is his anxious desire to
terminate hostilities speedily, and to bring all matters in
dispute between this Government and Mexico to an early
and amicable adjustment ; and in this view he would be pre-
pared to renew negotiations whenever Mexico shall be ready
to receive propositions or to make propositions of her own."
It may be taken for granted, we think, that while making
every preparation vigorously to push hostilities both by land
and by water, this Government will renew the tender of
negotiation, and he ready on the slightest intimation, direct
or indirect from Mexico, to settle in a liberal spirit the exist-
ing topics of controversy.
The blockade of the coast of Mexico en both seas, which
was foreshadowed in our remarks by the packet of thel 16th
as inevitable, has before this time been declared in the Gulf,
and will be in the Pacific, as soon as the Commander of the
American squadron there shall hear that a gun has been fired
on the Rio Grande. There is ample force in both seas to
make the blockade effective and rigid. As England has
more commerce with Mexico, more interest in her mines and
in her public debt than any other nation, it is hoped that an
additional inducement may thence arise for her, first to ar-
range amicably and promptly her controversy about boun-
daries on the north-west coast with us, and then to interpose
her friendly mediation for restoring peace between us and
Mexico. All look to England now for the next move in the
Oregon matter, which, on our side, has been eclipsed in pre-
sent interest by the Mexican war, and which, moreover, by
the notice given in conformity with the resolution of Con-
gress to the British Government by the President, seems for
the time to have passed out of our domain. In what precise
form that notice was given is not known; but the President
will have been unfaithful to the spirit in which it was adopted
by Congress, if he shall not have accompanied it with an
expressed desire that an amicable termination of the long-
pending controversy might thereby be accelerated. The
Senate of the United States have recently given another
proof of their spirit of liberal forbearance by postponing the
consideration of the Bill from the House of Representatives
for extending a territorial Government over our citizens in
Oregon. Tney await the action of the British Govern-
ment in the full confidence that it will be both early and
amicable.
As yet no very serious decline has occurred in our public
funds by reason of the war, or of the expenses consequent
upon it. The United States Six per Cent. Steck range at
from five to six per cent. above par, and the stocks of the
solvent states maintain their prices. The policy of the ad-
ministration, as to providing means for the large military
and naval preparations in progress and in contemplation, is
not yet disclosed. The appropriations actually made over
and above the ordinary expenditure are—
Dollars.
For paying and equipping volunteers 10,000,000
Additional estimates for army proper 2,000,000
12,000,0 If the Report of the Naval Committee of the House ofße-
presentatives shall find favour, as seems probable, which re-
commends the building immediately of twelve steam-vessels
of war of different sizes, there will be added to the above
seven millions more. It is estimated that there may be
about ten millions surplus on hand; this would leave a defi-
ciency of nine millions to be provided for by taxes, by loans,
or by the issue of Treasury notes—by either, or all. If reli-
ance is to be had upon loans, they can only be negotiated on
advantageous terms, by making provision at the same time
by a specific pledge of funds for the payment of interest and
the gradual redemption of the principal. As they must be
negotiated at home—recourse to Europe being understood to
be hopeless—there will, perhaps, be less hesitation in resort-
ing to the necessary taxation, when it is known that its pro-
ceeds are to be kept at home and not paid to foreign stock-
holders. In any event, however, if the Government ex-
penses shall be considerably augmented, the present prices of
United States securities must go considerably lower.
Exchange on Europe is falling sensibly. Various causes
combine to produce this result. The scarcity of money is
one—occasioned by the necessity under which the Banks o
Deposits in this city find themselves to be in constant read

ness to meet the diafts of the United States Government for
the accumulated revenue, amounting here just now to about
four and a half millions—and the stringency, therefore, of
their discounts, which the other banks are obliged to imitate,
that they may not fall into debt to the Deposit banks.
Another is the influx of bills of exchange from New Orleans,
where it is difficult to effect sales—and a third is the large
shipments of produce to Europe from this port and others,
and the comparative suspension of orders for goods in re-
turn. The rates will be found quoted below, as compared
with those that prevailed at the departure of the last steamer,
as also a comparison of the prices of Six per Cent. Stock.
15th May. 29th May.
Exchange on London 109% to 1093/4 108 to 10874
Exchange on Paris
U. S. Six per Cent Stock 1054, to 196 c. 104 to 105.
Concerning State Stocks there is nothing new to commu-
nicate. The confidence of the Treasurer of Pennsylvania is
still strongly expressed that he will be able to make pro-
vision for the August dividend, and the counties are at work
to do their part in paying their respective quotas into the
State Treasury in time. The stake is so great for Pennsyl-
vania, that we feel persuaded no ordinary or easily sur-
mountable obstacles will be permitted to interfere with their
punctuality.
The arrival of the steamer Great Britain to-day, after a
long passage, occasioned little or no stir in the market. The
somewhat better accounts for cotton stiffened holders a
little. In bread stuffs no perceptible change. Holders, in
the absolute absence of any demand, ask prices which a real
offer for any considerable quantity would soon cause them to
abate.

The most agreeable intelligence by her was that of the
light in which the notice, as authorised•by Congress, seemed
to be received by the London press, as tending to facilitate
an amicable and prompt adjustment of the Oregon contro-
versy.
The rumour in one of the London papers that Mexico hild
asked the intervention of France and England to protect
her possessions, and especially California, against the United
States, and that such intervention might possibly be under-
taken, commands no credit here. The right of the United
States, as a belligerent, to attack and conquer, if they can,
any portion of the territory of their enemy, is too clear and
unquestionable to be liable to any interruption from third
parties, standing in the relation of neutral between the two.
Our latest dates from Mexico are of the 2d inst. Paredes
stilt was President. Congress had not convened, and there
hade
not been any new revolution or pronunciamiento.
The refersubscription to the ordinary quotations annexed.
gation
Coisncat:,o„a books for the stock of the " Ocean Navi-
were opened yesterday, and about 150,000
dollars have already
but that Saturday been subscribed. There is no doubt
commence the buildienugbartiption will enable the company to
heirof.ve issse immediately.
DIE SURREY CLUB AND GRODN'D
My NN, ESQ.—On Thursday and pr 4 treiTAlmr, Ncr A.
played at the Oval, and a finer exhibition mit
the game has seldom been witnessed. eTfbethe s •
octence of
mound
crowded on each day, and the only drawback to the grclatiT
cation produced by the proceeding was that, towards the
latter part of the second day, when it was found it would be
impossible to finish the match that evening, it was ascer-
tained that, in consequence of previous arrangement, and
the following day being Saturday, there was no chance of
the match being played out. The: result is, that all bets
on the match are off, whilst those
_upon the first innings
are in favour of the Mitcham backers. The betting, of which.,
there was a great deal, varied, as will readily be supposed,
very much. At one point of the ,game 25 to 5 was taken
on Mitcham, but at the moment when the last of the Sur-
rey wickets fell, the odds had turned round to 3 to 1 in their
favour, that is, against Mitcham obtaining the 121. The
score was as follows :—Surrey Club—First innings, 96; se-
cond innings, 168. Mitcham—First innnings. 144.
Gravesend Town, with Pilch, Adams, and Redgate v.
Islington Albion, with Dean, Dorrington, Hillyear, and
Lillywhite.—This match was played at the Copenhagen
ground on Thursday and Friday, and after much good play
terminated in favour of the Albion, with seven wickets
standing.

OXFOILD AND CAMBRIDGE MATCIT, Farr:ay.—The game
was resumed this morning, when the Cantabs, who had
seorcd sixty-one on Thursday in their second hands, ran
it up to 11G, leaving the Oxonians eighty-nine to win. This
number they succeeded in obtaining, and eventually won the
match with three wickets to down. The batting of Mr.
Long, on the part of the Cambridge, was deserving the
highest praise; after scoring thirty-nine, he triumphantly
brought. out his bat. Mr. C. Ridding's batting, also, on the
part of the Oxonians, told well on the score. The play of
both sides throughout the day was capital, but the latter ex-
celled in that great and requisite point, viz., the fielding. In
other respects they were equally matched.

SUICIDE OF A YOUNG LADY AT GREENWICH.—.On
Saturday an Inquest was held at the residence of Captain Fowle,
cf Wine-place, Greenwich, to take into consideration the death of
bki Jane Grant Wilkinson, aged 30 years, who committed suicide.
Miss Anne Fewle stated that the deceasedwas her sister-in-law, and
had returned from Barbadoes six weeks ago. tip to Sunday last she
appeared in her usual health and spirits, but on Monday she because
melancholy, in consequence of the continued illness of a younger
'lister whom she had brought• over with her from the West Indies,
labouring under temporary lunacy. Witness went out at the de-
ceased's request, and bought an ounce of the essential oil of almonds,
which she said she wished to take back to Barbadoes with her for
culinary purposes. On the night of Wednesday she heard the de-
eisased groaning in her bed, anti upon going into the room she dis-
covered that she was just dead. The bottle which had contained
tike oil of almonds was in the bed. A medical man proved that the
deceased took enough poison to destroy eight persons. The jury re-
turned a verdict of " Temporary Derangement."
STRAWDERRIES.—Mr. Cuthill, the florist of Camber-
well. has been very successful this season In
the cultivation of
strawberries. Many of his plants have borne from 100 to 150 straw-
berries. many weighing an ounce each, and some of them live
Inches In circumference, The plant stands up like a little bush
above the ground.