The Sun.
London, England, 1870-04-16 00:00:00

THE SUN, LONDON, SATURDAY EVENING, APRIL 16, 1870.

3"..--4n and management of the Canal are completely Round.
—Daily News.

MONEY AND BUSINESS.

(From the Springfield Republican, April 1.)

AN OFFICIAL REPORT.

An official inspection of the Suez Canal was -made at
the beginning of the year, by direction of the Lords of
the Admiralty. The inspectors appointed were Captain
Richards, R.N., Hydrographer to the Admiralty,
and Colonel Clarke, R.E., the Admiralty Di-
rector of Works. The special points of the
report were-1. The present condition of the Canal.
2. The works proposed in connection with it. 3. The
extent to which the Canal might be available for the pur-
poses of her Majesty's naval and transport services. The
Canal is SS ge.ographical miles long, 66 being actual Canal,
and 22 miles lake. The inspeCtion occupied only 12 days.
The opening of the canal, according to this account, was
somewhat premature, and much remains to be clone
to improve and facilitate the transit, especially
for large ships. There were five shallows
caused by the upheaval of gy-psium rocks in process
of removal, and the curves, like the shoals, are five in
number. One of these is being widened, and the whole
of them are to be improved, though it will demand the
excavation of nearly half a million cubic yards. There are
other improvements in contemplation, beacons at intervals
on the banks, pillars for securing ships, and numerous buoys.
All these improvements are to be executed by the end of
the present year. Port Said was specially examined by
the inspectors, who have come to the conclusion that no
practical inconvenience need be apprehended from the Nile
mud. The danger of the mud filling up the harbour or creat-
ing a bank outside the mouth is too remote be heeded, as
300 years would be required to produce a sensible change.
The sand is a more troublesome enemy, and though thirty
days annual dredging will, in the opinion of the inspectors
be amply sufficient to keep it at bay, it will be a source
of trouble and expense. At the Suez entrance the port
is easy of access. The company is making a basin, and
the Egyptian Government have made a large dry dock.
Very shortly the largest ships of the Peninsular and Oriental
Company will be able to lie alongside with a draught of
21 feet 6 inches. The inspectors say that most of the
physical difficulties which it was anticipated would operate
prejudicially on the Canal, if not altogether bar it as a
navigable channel, have certainly proved to have been
fallacious. The difference of level of the two seas, so far
as it has had any effect in producing a current one way or
the other, is inappreciable ; and except at the Suez end
the tides will not •materially affect the pas-
sage of vessels. With regard to the question of
evaporation, it is impossible to say that a hot summer
will produce no appreciable effect on the water of the
Great Lake, but it may be fairly predicted that no serious
effect will result sufficient to produce a disturbing influ-
ence on the general conditions of the Canal, and thereby
affect its navigation. The inspectors are of opinion that
the Canal. will b.; available for all ordinary ships
of the navy. The saving in time by the Canal
would be 36 days ; but the question is how far this
would compensate for the extra expenditure of fuel.
The conclusions at which the report arrives are highly
favourable to the Canal. They are as follows That
for a certain class of vessels this great work, which
must always be a monument of persevering
energy and engineering skill, as it now stands,
is a convenient mode of passage from the Medi-
terranean to the Red Sea. 2. That it will be so
to a greater extent when the works contemplated, viz.,
the deepening of certain shallow parts, the enlarge-
ment of the Bares, and the widening and improve-
ment of the curves, are carried out. 3. That it is avail-
able for the transit of ships employed in the Eastern
seas, with the exception of the large iron-clads and
other exceptionally heavy vessels. 4. That for the pre-
sent type of Indian transports it is not a desirable route.
5. Further, we think that the cost of maintenance
will not exceed the amount estimated for it when the work
was first projected. With regard to the prospects of the
Canal as the grand highway from Europe to the East they
consider that its real drawback is its narrowness, and that
it would be highly desirable to increase its width ; but the
present company is very unlikely to undertake the task.
Had its width been doubled it might have become " a
permanent navigable route for the largest ships from sea
to sea."

Another week has passed without a solution of the pro-
blems of finance now before Congress. The Funding Bill
and Sumner's Bill hang by the gills in committee and
await the disposal of questions of reconstruction, foreign
policy, and tariff, but their turn will come. The country
at large, however, continues to give attention to the Fund-
ing Bill, and seems to entertain a better opinion of it, the
longer it thinks of it. The banks of Chicago have met
and resolved that the measure would be their destruction,
but the'Republican of that city says that they were never
in a more prosperous condition, and stand in no danger of
being driven out of the business under the new provision.
The eastern banks have manifested great indifference iu
regard to the measure, and Secretary Boutwell is aware
of but few who object to it. The high quotations of bank
stock, averaging at New York 25 per cent. above par, are
in no way disturbed by the present prospect. One of the
latest criticisms on the bill is that the banks, if they at-
tempt to go on, will overburden the market with the 6 per
cents., which they withdraw from the Government and
replace with 41 per cents., and thus produce a decline in
the former class of bonds and a panic, not only here, but
abroad. The apprehension of this direful catastrophe is
founded on an ingenious blindness to other cotempora-
neous events. The banks can dispose of their 6 per cents.
only as fast as they deposit the 41 per cents., and the Go-
vernment, as fast as it thus disposes of the latter, will
invest in the former, so that the bond market will be
provided with an antomatic regulator preventive of
serious or sudden fluctuations. In fact, the idea that
the Funding Bill, if it becomes law, will produce a finan-
cial earthquake of any sort is preposterous, from the
very condition of the country. Financially and commer-
cially, we are already in a state of armed neutrality,—
armed collapse perhaps. Business is at a low ebb, but
secure. Everybody is prepared for the worst, and the worst
could do us little damage. We have ar rived, through the
natural course of events, at a time when radical changes
in banking and finance can be consummated without
seriously affecting the business of the country, except
for the Letter. Such a time comes only once in a decade
and never in time of peace till after a financial smash. The
past five years have wrought out for usall the purification
of a commercial crisis, without having at any one time
precipitated one. The war so quickened every sense of the
people that they were able to foresee and avoid financial
breakers, on to which in the easy days of peace they would
be driven at full speed. The occasion then is most felici-
ous for the operation of such a measure as the one now
before Congress, and we cannot afford to lose the golden
opportunity for reform. The business of the country is
ready for it and waiting, and will not go on until it is
passed. Money-holders refuse to invest iu business, and
hence the continued ease of the market. The slight
changes in the bank statements from week to week indicate
the prevailing stagnation. Gold during the past week has
been steady and dull. The "private advices from Wash-
ington" have worn out their power to agitate the market,
and the commercial movement is so small as to excite no
interest, The premium has declined from 1121 to 1111 to
1114. Foreign exchange is abundant at 1081. There hasbeen
some misapprehension, by the way, of the new silver tariff
in Canada. It makes American silver a legal-tender for
only 80 per cent., but it was previously rated at 10 per
cent, below par, so that the real depreciation is only 4 per
cent. Some of the banks have been thinking of holding
their reserve in silver coin, but Controller Hurlburd de-
cides that they only do so to the extent of $5, since over
that amount silver is not a legal tender,. The Ilammonia
on Wednesday brought over $1,000,000 in francs from
Paris. Governments have not been dealt in heavily, but
maintain their steadiness. The London and Frankfort
markets have been less active and inclined to a slight fall-
ing off in price. This reaction from the excessive dealing
and rapid advance of a few weeks ago might have been
expected, and will probably be only temporary. Jndeed
on Tuesday there was an advance at New York of 1 to I
per cent on Five-Twenties and 2 to 1 per cent. on Ten-
Forties. Buyers found the markets very bare, and any
unusual call would have resulted in a more marked ad-
vance. On Wednesday the activity continued, there being
more transactions than on any day for some months, and
the quotations at London were up to 91. Secretary Bout-
well will sell a million of gold on April 6 and April 20
each ; he will buy a million of bonds on each of four days,
April 7, 13, 21, and 27. The bonds of the Southern States
have not been so buoyant on account of distrust in the
foreign markets, but are recovering. It is estimated
t' at one hundred million of State Bonds are held abroad,
of which there are seven and a half millions of Vir-
ginias, five and a quarter of Loulsianas, and one and a
half of Alabamas. Probably the credit of these and the
other Southern States is really the best now that it lies
been at any time during the war, except, perhaps, iu the
case of Tennessee, and the only cause for the recent break
must lie in the well-known liability of foreign capitalists
to misapprehend the tendency of American affairs. Loui-
siana has just succeeded iu placing $2,000,000 of Eight
per Cent. Levee Bonds at 90 per cent. with parties in New
York, who took them on foreign account. The issue of
another million was authorised by the Legislature of that
State ; but the prompt negotiation of the above, it is
generally thought, will render unnecessary the placing of
the rest. The State had out only one million of Eight per
Cents. previous to this loan, all the other bonds bearing 6
per cent. Tennessee Bonds are higher than they were a
month ago, in spite of Congressional tinkering. The
Stock Market has been quiet daring the past week. The
Chicago Tribune says that the Milwaukee clique has aban-
doned its efforts to control the North Western, and that
the company will split before it will unite with Rock
Island and the Pennsylvania Central. The refusal of the
New Jersey Central Railroad to register its stock accord-
ing to the rule of the Stock Exchange is likely to lead to
the expulsion of that stock from the calls of. the New
York Exchange ; then there will be a great hurrah over
it, and it will be subsequently readmitted. The Lake
Shore annual report, made April 1, shows a net profit in
the capital steak of 10 per cent., of which 8 per cent.
will be disbursed in dividends. The Rock Island earned
fully 111 per cent. on its $16,000,000 of stock, and
divided up 7, passing the rest to the surplus account.
The Missouri Pacific for the year ending Feb. 28 earned
$3,211,531, an increase of about $120,000 over last year,
$886,11. 3 being net. The agent of the Kansas Pacific has
just returned from Europe with the means to finish that
road through to Denver by August 1, by which time the
Denver and Cheyenne Railroad will complete the con-
nection with the Union Pacific. These parallel lines
make the Union Pacific more anxious for consolidation
with the Central, which, having no competition, awaits
such a connection with becoming placidity. General
business is only fair, and disappoints those who were
hoping for a good spring trade. The gold values of the
imports of New York from July 1 to March 26 were
$202,412,339, an increase over 1869 of seven millions ; the
exports were $149,621,339, against $114'719,910. The
export of gold has been $23,036,923, against $30,535,028.
These figures show a larger foreign trade than last year,
and also that the balance of trade against us is being
slowly turned. The high pries of cotton has contributed
largely to this result, that staple not having declined so
much as breadstuffs. The Boston Post is appalled at the
abundance of our crop, and looks for a marked decline.
It thinks we shall have 1,900,000 bales to export, out of a
crop of 3,025,000, and that this will be 300,000 to 500,000
bales in excess of the European consumption. The latest
mails from Europe promise a higher price for wheat. This
staple will rise with corn, which in America yielded a small
crop at the West, and was not planted extensively at the
Soutb,where it constitutes the principal diet of the negroes.
Provisions have been in better demand for export. The
pork and beef-packing season at the West, beginning
with October 1, now closes. The total number of hogs
packed this year was 2,575,262; last year, 2,499,173. The
average weight this year was 198 pounds ; last year, 2061.
The yield of leaf lard this year was 231 pounds; last year,
241 pounds ; net decrease 1 per cent. A Chicago circular
gives this resume of the season :—" About the last half of
November the drovers and country dealers began to dis-
play their customary tactics, loudly asserting that the hog
crop of the West was ruinously short, and succeeded in
making the packers believe it, and from November 15 to
December 15 the packers ran up the price of live hogs
from $8.90 to $9.70 to $9.60 to $11.65 per hundred
weight. About this time packers came to the conclusion
they would not run their houses at a loss any longer, the
short crop bubble burst, and a general tumble followed,
so much so that in twelve days there was a decline of
$1.50. After the first half of December a few of the large
packers began to sell for future, and made a fair profit,
but for the packing interest generally the season's busi-
ness has been extremely unprofitable, almost disastrous.
Speculation in mess k set in as early as August, and
continued active until about the let of March, when,
owing to a misunderstanding in regard to what should be
considered pork suitable to fill previous contracts, the
specula ive element of the trade generally withdrew. A
noticeable feature in the trade the past season was the in-
crease of orders from the south-west and extreme southern
points. Heretofore these orders have been Oiled in Pahl-
more, Philadelphia, Louisville, or Cincinnati, but during
the past year a direct trade has been developed with
Charleston, Motile, and Savannah.

New Germany, Natal, seem to be particularly
favourable to longevity. The minister (the Rev. Mr.
Possult) writes by last mail as follows :—" Old Meyer,
107 years of age, is still alive and well attended. Naseker,
64 years old, has just been married to widow Bierboum,
aged 57 years. We have had no death for the last fifteen
months."

TURKEY AND THE HOLY SEE.—Some time ago
Turkey proposed to enter into a Concordat with the
Holy See and Rust= Bey, Turkish Minister at Flo-
rence, was sent to Rome for the express purpose of open-
ing negotiations with respect to the Concordat. Cardinal
Antonelli replied to Rustum Bey that the Roman Court
could not break the rule she had made never to concede
;no power of making bishops to any but Christian
sovereigns. There was justice in this remark, for it
would be somewhat inconsistent for a Mussulman Prince
to nominate Christian bishons.

One hundred and sixty-six emigrants, chiefly !vim
Clare and Galway, left Cork on Wednesday for America.

The Cork Herald says it is expected that if the
Land Bill is not passed this session evictions on an unpre-
cedented scale will take place in Ireland in order to avoid
the payment of the compensation proposed.

Sin GEORGE LEIVIS.—Sir George Lewis's was
no ordinary character. There was mixed with his clear
Intelligence and capacity for profound and distinct thought
c, peculiar singleness and simplicity with which such quali-
ties are rarely found in union. A part of this simplicity
was his entire freedom from vanity. Aware of his own
superiority he could hardly fail to be, but on no occasion
was he ever tempted to make a display of it, either in
order to obtain praise or gain an advantage. The fact that
his intellect was powerful never offered to him in his early
life, as it might have done to other young men, a tempta-
tion to be contented with its existing strength; his anxiety
and assiduity to improve and to extend it were interrupted.
Very few scholars have, I'believe, permitted so small a
portion of their time to remain unemployed—very few de-
voted so large a portion of it to careful study. To many
among them idleness is in itself a pleasure, whilst common
conversation and amusement occupy a more or less large
portion of their 'day. It was not so with Sir George
Lewis ; he was always employed, and for the most part with
occupation of a severe kind. So earnest was his desire to
elucidate to remember, and to record, that from his youth
he thought that to be doing nothing amounted to a crime.
" Bead," he has often advised me, " when you have
plenty of time at command ; write in the shorter spaces
when your time is broken up ; this is the way
to employ yourself to the best advantage ; you
will forget what you read in fragments of time—
what you write in them will not be lost." And
this was the practice that he followed. He also in his
younger days provided against the waste of any fragments
which circumstances might cause to be lost to him, by
either learning by heart or repeating in these intervals,
I think that I remember my father telling me that
once in Italy, when travelling after dark with
George, he repeated to him a great part of the third
book of the Aneid ; and I well recollect, when on one
occasion I was waiting with him in the ante-room of a
physician, he took a Horace or Virgil from his
pocket, gave it to me, that I might hear him
say a portion of its contents by heart, and he
had repeated a large number of lines before he was sum.
moned to his interview. With his mind and his memory
thus carefully cultivated, his learning soon became varied
and extensive.—Lettera of the Right Hon. Sir George
Cornewall Lewis.

The New York Herald authorised it 3 agent in
London to expend no less a sum than £3OO in special
correspondence and special ocean telegrams when sending
an account of the Ch.ford and Cambridge boat race to
America.

PRUSSIA AND DENMARK.—The Vienna Reno
states that the Danish Envoy at Berlin, M. Quaade, has
forwarded to Herr Thile, the Prussian Minister for
Foreign Affairs, an explanation respecting the article in
the North German Gazette on the Schleswig-Holstein
question. Herr Thile replied that the publication. was of
little importance.
A FRENCH PATRIOT IN TROUDLE.—Thefollowing
singular incident took place at the last review in Paris.
Just when the Emperor had reached the last rank of the
troops, an individual in rags rushed forward in front of
the gate, and vociferated loudly in a threatening tone," A.
Cayenne ! a Cayenne 1" He was immediately apprehened.
and taken to the nearest police office. Before an examina-
tion his person was searched, and in one of his pockets
was found a sum of I,loofr. in a leather purse, an inscrip-
tion of Rente to. an amount of 30,000 fr., and a knife-
poniard. On being interrogated, he gave his name as
Paul Lezurier, aged 45, living at 26, Rue Rollin, and of
no profession. A. perquisition made at his residence led
to the discovery of a large store of arms of all sorts, and
of a sum of 60,000 fr. in gold. 13eing asked as to his
motive for insulting the Emperor, he replied that ht
patriotic heart revolted at the acclamations of the multi-
tude. After these formalities he was sent to the depot of
prisoners.

THE VOLUNTEERS AND THE SUSSEX FARMERS.--
The agricultural classes will do well now and then to have
a look into the Standard, for if they do not find
their labour in so doing remunerated by the
quality of the intelligence received, they will, at
least, perceive who are not their friends. Accord-
ing to the journal in question, the tenants of a Sussex
farm have persisted in demanding £3OO instead of the
£l5O offered as compensation for any damage which
might be done to their property by he tramp of
the volunteers on Easter Monday. The volunteer
authorities decline to pay the larger sum, and how these
" designers of Monday's mimic battle " intend to circum-
vent the Sussex farmers, the Standard shall tell in its
own words. They have, it says, determined to do without
the exacting farm, to defile round, instead of aoros, the
sacred territory, and to give up the unguarded spot to the
rushing, desultory, unscrupulous multitude,which will pro-
bably not subscribe £l5O to redeem the mischief it will
infallibly create upon that pet bit of land. There will be
woe around that helpless homestead when, instead of
disciplined ranks, its encircling acres are trodden out of
tillage by the formless crowd. Adding the total of damage
to the sum tendered, we shall reach about the figure which
our Bcetians demanded—£3oo—only, it means that by
so much has their over-anxious avarice defrauded itself.
Passing over the spirit of malevolence with which this
paragraph seems surcharged, any lover of fair play
will be at a loss to know upon what commercial
biinciple the Standard grounds its attack on a
ody of men who have asked what they consider a fair
amount of compensation for damage they expect to
sustain. And even if their charge has been excessive,
surely they have a right to put a price upon
that which to them and their families is in existence.
Mimic battle may be a great amusement to volunteers,
but in their treading over cultivated land the poor farmer
has a right to say with the frog in the fable " Ah, but
what is fun for you is death to us." Perhaps the Standard
in future will have 190 g t 9 gay 440 fiCCCIaI 9L WO.
tract" iz iralaud.

(From the Wall-street Journal.)
FRIDAY EVENING, April 1.

Business 'throughout the country continues generally
bad, and failures are constant. Among others in this

city, the stoppage of A. and J. Salamon, grocers, 56, Front-
street, is reported, with liabilities amounting to $400,000.
Snow and Burgess, heavy petroleum merchants, of this
city, are reported to have suspended, with many others in
different trades. S. Lewis, of Pittsburgh, a well-known
operator in petroleum, is also said to have failed, and a
Philadelphia. firm, extensively engaged in the shipping
trade, is also announced. Money on call is a trifle stiffer,
and loans are generary made at 6 per cent., with a few
exceptions at 5 per cent. Discounts are not as easily ob-
tainable as last week, and although choice acceptances sell
readily at 7 per cent., inferior grades with two names pass
slowly at 9 per cent., and :Angle names at 7 to 12 per cent.
Gold has only varied slightly throughout the whole week,
and closes heavily to-day at 111;.
Government Bonds are only moderately active, sympa-
thising with the heaviness in the gold market.

Sixes, 1861, registered to
Sixes, 1881, coupon , ll3l t 0.1141
Sixes, 1868, coupon . to

U.S. 6s. Pa'cific itailroai
Five-twenties, 1862, registered to
Five-twenties, 1862, coupon
Fivo-t wenties, 1864, coupon
Five-twenties, 1865, coupon
Five-twenties, 1865, coupon, new
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 lO9l to 1091
Ten-forties, coupon lO6l to 106
Ten-forties, registered — to
Oregon War Loan, Sixes 1881 — to

Railroad Stocks are generally heavy, showing an
average decline on yesterday's prices of one half per cent.
Railroad Gold Bonds are in active demand for the better
class, among which we notice the bonds of the Chesapeake
and Ohio and the General Railroad of lowa companies.
Miscellaneous Stocks have shown little animation, except-
ing Pacific Mail, which having fallen to 31,was sold largely
short at that figure, and suddenly reacted to 38k, closing
to-day at 37i.

- -
Mortgages: - Latest quntations.
N. Y. Central 6s, 1883... 91-} Tol. & Wab. Equip 7B
N. Y. Central 6s, 1887... 90i Mil. & Pr. du Ch. Ist M —
N. Y. Central 6s, It Est.. 88 Gal. & Chic. Eat 100
N. Y. Central Os, Sub'n.. 88 Gal. & Chic. 2d M 94
N. Y. Central 75,.1876...102 Chi. &R. I. Ist M 1001
N. Y. Cen. 7s, con. 76 77.- Chi. R. I. & Pacific 7'5.....93

P -
Erie lst Mort, Ex 100
Erie 7s, 2d Mort, 1879 91
Erie 7s, 3d Mort, 1883 87
Erie 7s, 4th Mort, 1880 82
Erie 7s, sth Mort, 1888 821
Long Dock Bonds
Buff. N.Y. &E. latal, '77 9O
Hud. E. 7s, lst M, '69 —
Hud. It. 7s, 3cl M, '75 103
Harlem Ist M, '6B '72 103
Mich. C. Ist M, 69'72 120
Mich. now Ist M 85,'82 —
Mich. So., 7 p. c. 2d M 96}
N. Ind. Goshen Line '6B
111. Cen. 7 p. c, '7O 110
Alton & T. H. let M 951
Alton &T.H. 2d pfd
Alton & T. H. 2d M. Inc BO

Han.& St.J.LandWrntsloB
Han. & St. J. Con
Chi. B. & Q., Ist M 111
Chi. & N. West, S. F 94
Chi. & N. W. Con Cony 9l
Chi. & N. W. Int B 91

& N. W. Ist 111 94
Quincy & Tol, Ist M, '75 83
111. & So. lowa Ist M 7O
Gt.Wesl. Ist M, 'BB Bl
Gt. Western 2d M '93 BO

Tol. er Wab. Ist If Ex. 9311
And the following for the
laneous stocks :

N. Y. Cent. & Hud. Rr 9l
Erie
Reading
Mich. Central llB

Cleve. & Tol. S. Fund 100
N. J. Central Ist M 102
N. J. Central 2d M 1021
Pitts. Ft.W., & Ch. Ist M 104
Pitts. Ft. W., & Ch.2d M 97
Pitts. Ft. W., & Ch. 3d M 93
clove. & ruts., 4th M 751
Chic. & Alton; S. F. Inc 101
Chic. & Alton, S. F. lstM 1021
Mil. & St. Paul Ist M 92
Mil. & St. Paul 2d M 86
Marietta & Cin. ISt M 89
Morris & Essex Ist M 102
Morris & Essex 2d M 95
Joilet & Chic. Ist M
Chi. & Gt. East'n
N. Y. di N. H. 6s ... 97
Dubuque &S.City,lstM. 98
Peninsula Ist M
90

Illinois Central

Cleveland & Pittsbrg. 99
Chi & North-West 72
North-West Preferred 831
Canton 65
Rock Island

Cleveland and Toledo

Fort Wayne 931 1
The business done in Expri
We quote :
Adams

Ohio & Miss. Ist M 97
Ohio & Miss. Con B5
Tol. P. W. Ist M. E. D B2
Atlantic & G. W. 2d M :43
Del., Lack., & W., 2d M —
Lake Shure Bondsloo

Cleve, P. St Ash. N. 8... 85
Do. 0.8...
Union Pacific Gold 8...
Central P.RR. Gold 8... 94
Pacific RR. guar. by Mo. 93

various railroad and miscel-

Pacific Mail h7}
Atlantic Mail
Quicksilver
W. U. Telegraph

Miraposa -
_ __ _ _

Mariposa Preferred lBl
Ohio and Mississippi 294
Boston Water Power 174
Cumberland
N Y and N Haven 146

M & St. Paul

jhi & St. Paul Preferred 74
-ess:stocks was generally dull.
61 to 61i

American Merckants' Union 38 to 384
Merchants' Union, old Stock ll to 11}
United States
Wells, Fargo, and Co l9l to 19.1
State Bonds were steady, with light transactions, the
quotations being as follows :
Tennessee 6s, ex coup.. 581
Do. new bonds 51
Virginia 6s, ex coupons 70
Virginia fis, new bonds 701

Geo-rgia. 6s
Georgia 7s, new bonds 93
North Carolina 6s

Do. new bonds 22i
South Carolina, 65...... 88
S. Carolina, now bonds 824

Do. Aprl and Oct... 824
Missouri 6s
Do. H. and St Jo Lis 92
Louisiana new bonds... 72.1
Do. 6s, Levee bonds 7611
Connecticut 6s 100
Rhode Island 6s lOO
Alabama 5s 72

Alabama 85............... 961
Illinois Canal bonds

1870 lOO
CLVOTATIONS
Amer. silver.... 94i- to
.95i

Mex. dollars-103f „ 104
Eng. silver 475 , 480
Five francs 95 „ 96

Illinois coupon 6s, 1877.100
Do. 1879.100
Illinois-War Loan lOO
Ohio G per cent. 1875 102
Do. 1881 102

Do. 1886...103}
Michigan 6 p cent. 1873 97

Do. 1878 95
Do. 1883 95
Michigan 7 p cent. 1878 93
Michigan 7 p cent War
Loan 100
N.Yk reg'd I ounty loanlo9}
N.Yk coup. B'nty loan 1092
N.Yk 7s, Canal In. 1870.105
N.Yk 6s, Canal In. 1873.104
Do. 1874.105
Do. 1875.105

Do. 1877.1.05
Do. 1878.105
N.Yk ss, Canal In. 1874.105
FOR SPECIE.

Eng. soya 485 to 487
20 francs 3e3 „ 387
Thalers

Messrs. Drexel and Co., the Philade]phia bankers, report
as follows on 31st March :—Pennsylvania Railroad
Shares, 561 57; Sixes, Ist Mortgage, 98 99; Sixes, 2d
Mortgage, 991.

STATEMENT OF THE PUBLIC DEBT OF THE UNITED

STATES.

The following is the recapitulation of the Treasury
Statement issued by Secretary Boutwell on the Ist
instant, which shows a reduction of $5,7C6,349 during
March :

DEBT BEARING INTEREST IN COIN.
Principal. Interest.
Bonds at 5 per Cent. $221,589,300 00
Bonds at 6 per Cent. 1,2386,349,800 00

Total $2,107,942,100 00 843,733,501 95
DEBT BEARING INTEREST IN LAWFUL MONEY.
Certificates at 3 per
cent. interest
Navy Pension Fund,
14,000,000 00
at 3 per cent.

45,565,000 00

$59,565,000 00 $483,159 45

Total
Debt on which inte-
rest has ceased
since maturity
DEBT BEARING NO INTEREST.
Demand and Legal
Tender Notes 5336,109,621 00
Fractional currency 39,568,079 61
Certificates of gold
deposited

38,848,500 00

$512,908 68

Total 434,526,200 61
Total outstanding $2,605,947,637 25 44,730,273 08
Total Dobt— Princi-
pal and interest to
date, including
interest due and
unpaid 2,650,677,910 33
AMOUNT IN THE TREASURY.
Coin
Currency
Sinking Fund in U.S
coin, interest on
bonds,and accrued
interest thei eon
Other U.S. coin, in-
terest, bonds pur-
chased. and acorn-

80,047,642 00

ed interest thereon $75,181,665 86— 218,115,782 59

Debt, less amount in the Treasury 62,432,562,127 74
Debt, less amount inTreasury on Ist ult. 2,438,328,477 17

Decrease of Public Debt during the past
month
BONDS ISSUED TO PACIFIC RAILROAD COMPANY.
Amount outstanding 564,457,320 00
Interest accrued and not yet paid 959,827 80
Interest paid by United States 6,881,664 96
Interest paid by transportation of mails 20,305 71
Balance of interest paid by the United
States

$4,857,093 92

THE MANHATTAN AND THE OAMARIA.—The ro -
lowing letter from the captain of the Manhattan has been
published :—" I find on my return from New York that
very grave reflections have been made against me, it
being alleged that on the 12th March last, and when
outward bound, I passed the disabled Cunard steam-
ship Samaria wibbout offering assistance. The fact of
the case is as follows :—About 10 a.m. of the 12th
we sighted a Cunard brig-rigged steamer bound east,
with all sails set, the wind being light and fair. Neither
myself nor officers noticed anything particular about the
vessel, the distance being very considerable, and she
exhibited no signs that could be understood of a desire
to speak us. It has been stated that the Samaria fired
guns, but I was on deck during the time she was in
sight observing her steadily, but neither heard guns nor
saw any indication of her being in distress, or requiring
assistance. I am earnestly desirous of an investigation
into the charges launched against me at home and abroad,
but, in the absence of an individual accuser, I must rest
content with the approval of my own employers, Messrs.
Guion and Co., and of the Cunard Company, who have
investigated the matter, and expressed their entire satis•
faction with my conduct. I may say, in conclusion, that
I should be very sorry indeed to knowingly iDp,s‘any ves-
sel in distress.—l am, &c., WM. FoREATIS4,SIIIiter of VIP
Miku4Oltut7lAvetPQo. 4pril