The Sun.
London, England, 1869-04-12 00:00:00

THE HOUSES OF PARLIAMENT.

Sir Edward Cust, who claims to have been the
pioneer for the reconstruction of the Houses of Par-
liament after the great fire, writes to the Times
on the subject of providing a new Chamber.
He remembers that a suggestion was made
at that time to the Crown Commissioners,
of whom he was one, that the architects should pro-
vide for two separate Chambers for the varied busi-
ness transacted in a House of Commons. Sir Edward
Oust thinks this idea a good one, though it was put
aside at the time. The present House is not large
enough to afford a seat for every member, but it
is amply sufficient for the ordinary daily business
of the session. A Chamber large enough to hold
600 members would be very inconvenient for
the 100 or 200 gentleman who take part in
the details of ordinary legislation. The writer is of
opinion that it would be well to have a larger
hall of assembly, to be used on extraordinary and
special occasions. It is not, he reminds us, an un-
common occurrence at public meetings in the pro-
vinces for the assembly to adjourn from one building
to another larger one. If the power to order such a
removal in the House of ;Commons were vested
in the Speaker absolutely, he thinks all possible
objections to the scheme would be removed, and
great advantages would be gained. The acoustic
properties of the new Chamber should, he thinks, be
tested for a session or two before the amendments
were tried in the dining-rooms and other parts of
the House, as, if too much is attempted at once
another failure is probable.

MORE SHADOWINGS OF THE PURPLE.

(From the Anglo-American Times.)
The Democratic party have taken up a strange
position ; asserting -that the Republicans desire to
transform the Union into an Empire, they are array-
ing their .forces for the protection of the people
against the anticipated thraldom. Ex-President
JOIINSON openly states his preference for a Prince
to a usurping Congress, and plainly hints that in a
Prince it will end. The World, the exponent of
the party, writes that " the Radical party has set a
train of causes at work, which tend irresistibly to
the establishment of a Monarchy, and by the
shortest and speediest route by which that result
could be reached." Other pipers follow suit ; and
Americans are everywhere warned that the Rump
Parliament at Washington will end as the Rump
Parliament ended in London, by breaking down the
Commonwealth and erecting on its ruins the supre-
macy of a successful soldier. The New York
Citizen asserts, in its delightfully sensational article,
" What does it Mean ?" that a paper was to be
started in Philadelphia to advocate an Empire, with
GRANT for the purple. A gentleman representing
the movement visited New York and Albany to feel
the pulse of the Republican leaders, and he stated
that the Union League of Philadelphia having
been enlisted in the cause bad furnished the means
forthe publioation of the paper. Secret societies were
to promulgate the doctrine, and a second organ
was to be established in New York, called the Em-
pire, with the well-known 'words of NAPOLEON and
GRANT for its motto, " The Empire is Peace," and
"let us have Peace." It would endeavoured to prove
that the Republic was a failure, that a monarch
was a necessity, and that GRANT was the best man ;
the sheet only awaited the word from those orga-
nizing the Societies to remove the mask and to
come boldly into the light of day. If the Citizen
is not misinformed, a paper came out last Saturday
in New York under the title of the Imperialist, and
it asserts that the prospectus bad already been
issued, wherein the journal is announced as long ex-
pected. It says, "The creed of the Imperialist is
revolutionary ; its mission is to prepare the minds
of the American people for the revolution that has
already begun throughout the country." All along
the bondholders have been declared to be the prime
Movers in this conspiracy, which may indeed be
gathered from ANDREW JOHNSON'S last Message to
Congress. " We believe," says this prospectus,
" that the national faith, if left in the keeping of
the popu'ace, will be sullied by sure repudiation of
the National Debt, and that an Imperial Govern-
ment can alone protect the right of national credi-
tors." Then, again, it is stated that " the Republic
means lawlessness, corruption, insecurity to per-
son and property, robbery of the public creditors
and civil war; that the Empire means law, order,
security, public faith, and peace." The movement
is asserted to be no mere sensation, but to be backed
by a powerful organization, bearing the mysterious
title "T. I. 0.," under which Societies are everywhere
arising throughout the country- Ci
mend GRANT

is declared to be in sympathy and accord with this
movement, and office-seekers are advised to become
members as a recommendation and qualification for
place. It is alleged that the Republican programme is
to centralize the Government ; that the annihilation
of States Rights means a strong Executive at
Washington ; that the burden of the National
Debt touches a powerful section, whose interest
being to fix it permanently on the community would
support such a change ; that the army of officials
necessary to collect the taxes to pay the semi-annual
dividends strengthens this section, and that the cot...
ruption which has resulted from universal suffrage
shows the necessity for the change. GRANT is said to
have made all his selections from men strongly at-
tached to himself and his relatives, and that he is
backed by the ablest generals, such as SHERMAN,
SHERIDAN, and even LONGSTREET. In short, if
people want to find out ample confirmation of the
wildest theories they propound there is little difficulty,
considering that the Devil can quote Scripture.
FRANK P. BLAIR announced that if GRANT was
elected he would never leave the White House
alive, meaning that he would take up his residence
there permanently, as Dictator or Emperor. Now
that we know the tack on which the Democrats are
we may expect some further " Forcshadowings of
the Purple ;" nor would we he surprised at the ap-
pearance of the Imperia?ist, for so good a story as
this, and one calculated to create such an excite-
ment, is not likely to be dropped by such clever
riders for the want of a little jockeying.

MONEY AND BUSINESS.

(From the Springfield Republican, March 27.)

The money market contieues stringent, and the banks
have many more applications for loans than they are able
to fill. At Boston they are supplying regular depositors at
7 to 8 per cent., while outside quotations for paper with
unquestionable names run up to 9 and 10 per cant. The
same stringency extends to the Western money market.
Undoubtedly the tightness is increased somewhat by the
new arrangement for making bank statements. The banks,
not knowing now precisely when they will be called
upou to exhibit their financial condition, are with-
holding funds to a certain degree, so as to make their
exhibit as strong a one as may be. There is some un-
easiness among bankers in this section over the plan
for the redistribution of the currency which Secretary
Boutwell has endorsed, and which is liable, if not
likely, to be carried through Congress. A committee of
the Boston banks, who recently visited Washington to
ascertain what could be done, were told that New Eng-
land could choose between two propositions, either to sub-
mit to a reduction of about one-half of her bank circula-
tion—the Boston banks have over 25 millions ($25,359,311)
—or to go in for an immediate increase of twenty mil-
lions in the national currency, for the benefit of the South
and West, and also for authorizing those sections to make
it fifty millions at their pleasure. A meeting of the Boston
banks was held on Wednesday, but no final action in the
premises was taken. What the banks complain the most
about is that the Eastern states are to be the heaviest losers
under the proposed arrangement for redistribution ; but they
should not, nevertheless, lend their endorsement to the
financial folly which would further inflate the currency
and postpone still further the day for resuming specie pay-
ments. And the new Secretary should set his face firmly
against any such new issue of paper,whatever he may think
of the proposed redistribution of the volume of currency
now afloat. The gold market has been without special
feature : the price all through the week has been 131 with
fluctuations of scarcely 1 per cent. either way. The ex-
port of specie for the last week has not been heavy, while
there has been an importation of $1,000,000 from Europe.
The total arrivals of gold at New York since July 1, 1868,
have been $16,122,167 against $23,573,010 for he con e-
sponding period the previous year, being a decrease of
$7,450,843. The exports of specie from New York in the
same period have been $29,177,865 against $41,681,748, a
decrease of $12,503,883. The Customs demand at New
York last week was $3,101,162.—Secretary Boutwell
has announced that he shall permit no more secret sales
of gold, yet Senator Fenton of New York, to
make sure of it, will try to get a bill through Con-
gress expressly prohibiting such sales. This fea-
ture of the new Finance Minister's policy gives, very
properly, more general satisfaction than the an-
nouncement of his further determination to clean
out the hundred millions of gold in the Treasury, by ap-
plying it to the purchase and extinguishment of bonds.
The Government has never been able to do this because its
currency revenue has always been insufficient to meet its
expenditures; but, in spite of dull times, the receipts from
internal revenue for the current fiscal year are likely to
overrun the estimates, and Mr. Boutwell, for this reason
doubtless, thinks it safe to " sell gold" in the manner indi-
cated. We fear, however, that he does not fully appre-
hend the potent conservative influence of the gold in
the Treasury. It is not idle and useless, as many seem
to suppose, and it would be a bad stroke of policy
for the Secretary to allow it to pass out of his hands as
he proposes to de, especially until the new Adminis-

;ration has succeeded in reducing its expenses and

increasing its revenue, so as to be more sure of its
prospective financial status. Secretary Boutwell is
authorised, but not compelled, by law to make the
exchange proposed. Let him not be too hasty about
it. Government Bonds- have been dull, but steady.
The apprehension that the foreign markets were rather
overloaded by the recent heavy purchases on European
account seems to have been well founded ; and of course
hesitation and a trifling decline abroad at once affect the
home market. Holders, however, do not press sales, as
the belief is quite general that prices ere long will be
higher. Probably there will soon b 3 a considerable
foreign demand for the Five-Twenties of '65 and '67. The
Pacific Railroad Sixes, especially the Union, are specu-
lated in a good deal. A few days ago there was quite a
panic in them, and they sold down to 89, but since then
they have rallied, and now stand at about 95. The gene-
ral tone of the New York stock market has been that of
dullness, relieved by occasional spasms of excitement.
The principal interest has been centred in New York
Central and Pacific Mail. The former was depressed
severely early in the week, but subsequently became
very buoyant upon the removal of the Jenckes prose-
cution. On Wednesday the payment of the dividend
on the 80 per cent. scrip was begun, but after
$11,000,000 had been served, another of those handy in-
junctions which the New York Courts grind out with
such facility, was sprung upon the officers of the com-
pany, who, of course, had to stop where they were.
It is said, however, that the injunction is based upon
trivial grounds and cannot hold good. Pacific Mail has
been hammered by the bears with unmerciful persistency,
and pushed far down among the eighties. Nevertheless,
if we may credit the New York Independent, which
mixes the things of this world and the next—finance and
piety—with such admirable adroitness, the affairs of the
Pacific company are in a good condition, and it is getting
ready to pay another 3 per cont. dividend. The real bug-
bear, however, concerning the stock is the approaching
completion of this Pacific railroad, as it is apparent to
every one that, with that great enterprise consum-
mated, few passengers and only slow freight will be
left for the steamships to carry. The quotations for dry
goods have undergone vary little change during the last
week, and the market continues rather dull, as is usual
at this season. In shirtings and shootings there has
been but slight activity for unbleached, while the
demand for bleached has been rather better, yet quite mo-
derate. In both classes the market is much firmer for
heavy than for light goods. There has been a larger call
for prints, although it has not been loud enough to affect
prices any for the better. The new and fashionable styles
sell well, but other kiuds are generally sacrificed at a de-
cline of half a cent. In ginghams also the more ordinary
qualities are not so firm, while the better styles are in fair
demand. There is a very lively competition between the
foreign and American manufatturers of muslin delaines,
and like goods, with the advantage all in favour of the
home manufacturer so long as the present tariff con-
tinues in force. The very best class of goods, how-
ever, still come from abroad. Although the supply of
foreign goods of various kinds is quite large the im-
portations continue to be heavy, and that, too, in the
face of the fact that the importers aro not having so good
a trade as they expected. Bilt livelier times are expected
soon, when the spring trade has opened in good earnest.
The aggregate imports of foreign merchandise at New
York since July 1, 1868, are $187,295,711; $19,956,731
more than for the corresponding period of theprovious year.
The exports from that port of domestic products and all
other, gold excepted, including foreign goods re-exported
since July 1, 1868, are in currency values, $112,279,790,
being $17,844,502 less than for the like period the previous.
year. What with an overstocked and falling market and
a storm of snow and rain the cattle trade at Cam-
bridge, this week, was dull enough. At Brighton the
trade was firm, without a strong demand. The supply at
the Albany market was not so large as it was expected to
be, and there was consequently a better feeling and more
disposition to speculate. But the tendency of all the cattle
markets is downward. Every week brings lower prices,
and there is no indication yet of a reaction. Feeders of
cattle this season will be obliged to look to their manure
heaps for their profits, as well-fed bullocks are not as high
now as they were in September. There is no change to
notice in domestic wool. Manufacturers have purchased
moderately during the week, and feel rather despondent
about the goods market, but, as stocks of wool are reduced
materially, purchases cannot be made except at full pre-
vious prices.

(From the Wall-street Journal)
FRIDAY EVENING, March 26.

To-day being Good Friday, has been observed Es an
holiday by the Stock Exchange Boards and Gold Room.
The Long Room has also been closed. The banks and
insurance companies have remained open, it not being a
legal holiday. To all intents and purposes, the market
019104 yesterday, although a puzau 0191 of brokers

- •
assembled to-day in the vicinity of the Exchanges, under
the friendly shade of umbrellas, tho transactions have not
been of sufficient importance to establish quotations.
Quotations for specie:—
Amer. silver... 95 to 951 I Eng. sous 486 to 489
Mex. dollars-103} „ 104 j2O francs 384 „ 386
Eng. silver ..... 480 ~ 485 Thalers
Five francs .... 95 „ 961
Foreign Exchange is quiet, at the maximum figures of
1081 for the best bankers' 60 days sterling bills, and of 109
for short sight ditto.

Three Days
1081-109

L Sixty Days.ondcn Bankers
Loze..n Prime Commercial lO-1-108
2 Paris, Bankers 5.25 - 5.18/ 5.20 -5.171.
Bremen, Bankers
Hamburgh, Bankers 351-33f
Frankfort, 0.M.40 401
Berlin and Cologne
Antwerp 5.25 -5.181
Amsterdam, Bankers
Swiss
Express Stocks are generally dull. We quote :-
Adams ... 59 to 59
American Merchants' Union ... 41 to 41
Do. Old Stock 10 to 18
United States 561 to 57
Wells, Fargo, and Co. ... 301 to 31
PUBLIC FUNDS OF THE UNITED STATES.
Sixes, 1861, registered ll5l to 110
Sixes, 1881, coupon ll6 to 1161.
Sixes, 1808, coupon - to -
U.S. Gs. Pacific Raili oad lO4 to IC-14
Five-twenties, 1862, coupon
Five-twenties, 1861, coupon
Five-twenties, 1865, coupon
Five-twenties, 1835, coupon, new
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 ll3l to 1134
Ten-forties, coupon 1054 to 1054
Seven-thirties, 2d series - to -
Seven-thirties, 3d series - to -
Oregon War Loan, Sixes, 1881 - to
CLOSING QUOTATIONS FOR RAILROAD MORTGAGES.
N. Y. Central 6s, 1883... 91 Chi. &N. W. Ist M 9l
N. Y. Central Os, 1887... 80 Tol. & Wab. 2d MEx 9l
N. Y. Central 6s, R Est.. 874 Gt. Western lstM 'BB B7
N.:Y. Central Os, Sub'n.. 874 Mil. & Pr. du Ch. Ist M -
N. Y. Central 75,;1876... -- Gal. & Chic. Ext 974
N. Y. Cen. 7s, con. - Gal. & Chic. 2d M 95
N. Y. Cen. 7s, '65-'76 ... - Chi. &R. I. Ist 31
Erie Ist Mort, Ex - Chi. R. I. & Pacific 7'5... 934
Erie 75, 2d Mort, 1879 Cleve. & Tol. S. Fund...
Erie 7s, 3d Mort, 1883 B9 N. J. Central Ist M 994
Erie 7s, 4th Mort, 1880... - N. J. Central 2d M B9
Erie 7s, sth Mort, 1888... - Pitts. Ft,W., & Ch. Ist M 102
Long'Dock Bonds - Pitts. Ft. W., & Ch.2d M. -
Buff. N.Y. &E. Ist 31, '77 B7 Pitts. Ft. W., & Ch. 3d M. 91
Hurl. R. 7s, Ist M, '69 1004 Cleve. & Pitts. 3d M -
Hud. R. 7s, 3d M, '75 1021 Chic. & Alton, S. F. Inc. 93
Harlem Ist M, '6B '72 101 Chic. & Alton, S.F.lstM.lol4
Mich. C. Ist M, 69'72 113 Mil. & St. Paul Ist M... 89
Mich. new Ist M Bs, 'B2 - St. Paul 2d M... 83
Mich. So., 7p.c.2d 31 934 Marietta & Cin. Ist M... -
N. Ind. Goshen Line '6B - Morris & Essex Ist M... 1004
Mich.S.&N.l.S.F'd7p.c. 981 Morris & Essex 2d M... 90
111. Cen. 7p. c, '7O llB Joilet & Chic. Ist 11... -
Alton &T. 11. Ist M 92 Chi. & Gt. East'n lstM... 854
Alton &T.H. 2d pfd 81 N. Y. &N.H. 6s ... 97,
Alton &T. H. 2d M. Inc. 784 Dubuque & S.City,lst M. 921
Han.&St.J.LandGrants - Peninsula Ist 31
flan. & St. J. Con 112 Ohio & Miss. Ist 11 94
Chi. B. & Q., Ist M 111 Ohio & Miss. Con
Chi. &N. West, S. F.... 95 Tol. P. W. Ist M. E. D Chi. ---
&N. W. Con Cony. 944 Atlantic & G. W. Ist 31 --.
Chi. & N. W. Ex'n 8.... 85
RAILROAD AND MISC
N. Y. Central 1621
Erie 34
Hudson .. 137
Reading
Mich. South. &N. I 961
Illinois Central
Cleveland & Pittsbrg B7
North-West
North-West Preferred 92
Canton..
Rock Island
Jleveland and Toledo 106
Messrs. Drexel and Co., Philadelphia, report that on
March 26, the latest sales in Pennsylvania Railroad
Shares were 574 571; Sixes, Ist Mortgage, 994 991 ; 2d
Mortage, 97198.
The following communication was received by the
House of Assembly at Albany, on March 23, from Jay
Gould, in answer to a resolution calling for information
"Ist. That the outstanding. Common Stock of the Erie
Railway Company was $57,765,000. 2d. The amount of
Preferred Stock was $8,536,000. 3d. That the funded of the
company is as follows: First Mortgage Bonds, $3,000,000
Second ditto, $4,000,000; Third ditto, $6,000,000; Fourth
ditto, $4,441,000; Fifth ditto, $926,500. Buffalo Branch
Mortgage Bonds, $186,400 ; Sterling Convertible Bonds,
$4,844,400. 4th. That the floating debt of the company
is so fluctuating and uncertain from day to day, from its
obligations due for supplies and labour, that it is impossi-
ble to state the amount with any degree of accuracy.--
Signed, JAY GOULD, President and Treasurer Erie Rail-
way Company. New York, March 22, 1869." Erie stock
has greatly fluctuated mainly on account of this return.

.ELLANEOUS STOCKS.

Fort Wayne
Pacific Mail BBk
Atlantic Mail
Quicksilver
W. 11. Telegraph
Mariposa Preferred 34k
Ohio and Mississippi —
Boston Water Power l5l
Cumberland
Bankers and Brokers lOB
M & St. Paul
M & St. Paul Preferred 793

The office-holders in Washington, according to

_ .
the Blue Book, are divided among the principal States :IS
follows :—New York, 790; Pennsylvania, 465; Ohio, 245;
Maryland, 212 ; Massachusetts, 201; Illinois, 138 ; Vir-
ginia, 116; Maine, 111; Vermont, 94; Michigan, 89; In-
diana, 88; Wisconsin, 88; New Jersey, 86; New Hamp-
shire, 86 ; Connecticut, 81 ; lowa, 65; Kentucky, 39 ;
Minnesota, 37; California, 35; Missouri, 34; Tennessee,
32; Delaware, 22, Kansas, 22; and West Virginia, 19.
The other States and Territories have representatives in
the public offices from Ito 7 in number. The District of
Columbia has 1,115 employes in the different departments•
224 of these are day labourers, and 586 are in the Treasury
It is stated that many families iu Washington have four
and six members in the cEfferent departments.—Public
Ledger.

The President of the Illinois Railroad Company
makes the following report of the business of the road
for the year ending the 3lst of December, 1868
The gross earnings for the year 1868 amount to
$7,817,629 24, the operating expenses to $4,590,681 91,
State taxes to $444,597 57, rent of leased line in lowa to
$370,365 18, leaving net $2,414,984 58, against $2,480,567
72 in 1867. The equipment has been increased by the ad-
dition of three now first-class locomotives built at our shops,
at a cost of $40,289 42; sleeping cars, $40,050; 100 now
stock and three new grain cars, costing $80,342 35, with
other expenditures on shop machinery and tools. The
bridge across the Mississippi, between Dunleith and Dubu-
que, was completed and opened for traffic ou the Ist of
January last, and ereat benefit is found in operating the
line. The company reports a traffic gain of $116,000 in
the first two weeks of March, over the corresponding
weeks of last year.

A sensible Irish scheme, is a movement now on

foot in St. Louis to call an Irish National Convention of
delegations from the Irish religious benevolent societies of
the United States, the object being to form a central
bureau in New York, with auxiliary societies through all the
States, for the purpose of furnishing aid and information
to Irishmen in regard to the price of land, labour, &c., and
to render any other assistance necessary to procure the
benefits of Irish emigration.
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