The Sun.
London, England, 1869-06-07 00:00:00

GENER.4L DYER.

The Court of Inquiry, which fur so long a period
has been sitting at Washington, to investigate the
charges brought against General A. B. DYER, Chief
of Ordnance, has closed its proceedings in the full
and honourable acquittal of that officer. These seri-
ous charges were grounded on the Report of the
Joint Select Committee on Ordnance, of the Se-
nate and House, submitted to the Senate, on July
17, 1868. They mainly had reference to the official
misbehaviour of General DYER, as Chief of Ord-
nance, in the purchase of projectiles, and the Court
composed of Generals GEORGE 11. THOMAS, WIN-
FIELD, S. HANCOCK, A. H. TERRY, and JOSEPH lIOLT,
Judge Advocate, finds these charges either grossly
exaggerated or utterly unfounded. The last Re-
port of this Committee " On Ordnance" has lately
excited no little attention in England. Some days
ago there was a paper in the Pall Mall Gazette, which
alluded to the articles on the subject published in
the Anglo-American Times, and, following this, the
report in full, with the E litor's comments thereon,
appeared in the Globe. Considering that months
have elapsed since the American papers gave that
document to the world, discussed it and dismissed
it ; considering that -we reflected what they said and
the United Service Gazette reflected us ; consitha.--
ing, too, the importance, of the matter discussed, to
all nations, yet remembering what a heavy bodr
the Loudon press is, we may congratulate it on
reaching the subject iu the unusually short space of
two months. These articles, as well as the termina-
tion of the DYER' proceedings, have recalled an
almost furgotten topic, fur, although the inquiry
did not arise out of that report, it was connected
with the investigations made by and the evidence
taken before the Joint Committee. We may then
be excused for reverting to both as connected.
General DYER is exonerated from all accusations
concerning projectiles and arms. There were
other charges connected with the dismissal of Mr.
TAYLOR for not allowing the Government the free use
of an invention made while lie was in Government
employ. The displacement of General RAMSAY as
Chief of Ordnance, followed by DYER'S succession,
was brought against him as an intrigue, but proved
to be wholly without foundation. Other charges
were preferred for falsely claiming inventions, such
for instance as the plan for casting soft metal sabots
on the iron bodies of projectiles, and an expression
that he was entitled -to a royalty on the DfoKENsorr
and ZANE shell, but it appeared that if not the first
inventor of both, he was among the inventors. We
cannot estimate the exact value to be attached to
the extraordinary Congressional Report, not only
condemning the ordnance of the United States,
but the Scientific Corps also, which followed that
out of which these proceedings arose. But one fact
is beyond question—the record given of the guns
bears out the remarks harsh as they are, even adalit-
ting that many of the witnesses were inspired by jea-
lousy and enmity, feelings, which more particularly
characterise rival inventors. Perhaps
no task
could be more embarrassing than to sit in judgment
in an American capital on American inventions to
award impartial justice ; and it need not surprise
that this inquiry should have been the result of
General DYER'S holding a post rendered more than
ever difficult by the rr.pid change progressingin
'ordnance, towards which the attention of inventors
was directed to the exclusion of other subjects, in
consequence of the conflict then raging.tehnaetnitil,l.
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can Times.

DuNvILLE and Co., Belfast, are the largest
holders of Whisky in the world. Their Old Irish Whisky is to
commended by the medical profession in preference to French
Brandy. Supplied in casks and cases for home use or exporta
tion Quotations on application to Messrs. Danville .and Co.,
Belfast; or 4, Beaufort-buildings, Strand,„London, W,C.— [Ad-
v,t taaement.)
PROPOSED MATCH BETWEEN ENGLISH AND AIi2DICAN
lionsEs.—A proposal is on foot to match an American
horse named Bayonet against our Knight of the Garter.
Our transatlantic cousins appear to desire that " the
Knight" should be sent over there, and that the Snatch
should be run within a few miles of Now York. The
owner of Bayonet also proposes to run another animal of
his, Cettrill, against any English three year old a mile and
a half. •

LADVEnTISEMENT.I---Aftiid Iti44lEttla,t try alWays aggravate
h c onie complaints: but Du Barry's 00114$141tta litidlth‘festoring
Revalentar Arabica Food, .which yields three times tits nontish-
ment of the best meat, saves 50 time; .its cost in other remedies,
and invariably restores perfect digestion, strong `ernes, sound
lungs, healthy liver, pure blood, refreshing sleep, fa/5et..2.'41
regularity, anc' energy to the most disordered or enfeebled. We
extract a few oat cf 63,000 cures ;—" The Pope's health restored
by Du Barry's Food. Cure No. 68,413. " Rome, July 21, 1863.
—The health of the Holy Father is excellent, especially since
abandoning all other remedies, he has confined himself entire])
to Du Barry's Revalenta Arabica Food, of Which he consumes
a plateful at every meal. It ,has prodtced a surprisingly bene
tidal effect on his health, and his Holiness cannot praise this excel
lent food too highly." From the "Gazette du Midi, July 25 Cure
No. 58,216, of the Marchioness de Brehan, of seven years' lives
complaint, wasting away, debility, nervousness, with a nervous
palpitation all over, bad digestion, constant sleeplessness, and
the most intolerable nervous agitation." Cure No. 1,771; Lord
Stuart de Decies, Lord Lieutenant of Waterford, of many years'
dyspepsia. No 49,832: " Fifty years' indescribable agov" from
dyspepsia, nervousness, asthma, cough, constipation, flatulency,
spasms, sickness, and vomiting.—Maria Joly."—Cure No
46,270: Mr. James Races, of Fernley, Surrey, of 30 years
diseased lungs, spitting of blood, liver derangement, and
parthtl deafness. .Important Caution.—Beware of the many
unsavoury and more than sloppy imitations to which, without
...uthorit)-, Baron_ Liebig's name is most audaciously attached.
at IS lid; Ilb 28 9d; 2lbs 4s 61 5 lbs lla 1211)e 228 ;
24 lbs 40s. - Also Du RAMIE'S REVALENTA. ARABIA CHOCOLATE
POWDER, is packed in tin canisters for 12 cups at Is, fort cups
at 3s 6d, for 48 caps at 'as, for 288 cups at 80s, for 578 cups at 558
—being about ono penny per cup, The Its and 55s tins are sent
free of carriage in England on receipt of Po4-Office Order,—
' BARRY Du BARRY and C 0.., No. 77, ttegeut-street, Loncipn and
all9rwers utOlieutists.

MONEY AND 13USINESS.
—4-
(From the Spring field Republican, May 22.)
The call for money during the week has been only mo-
derate, and, as a consequence, the supply has been abun-
dant and the rates easy. Six per cont. with Gove:ntheut
security, and 7 on good paper, have procured loans with-
out difficulty, and the situation generally has been quiet

and uneTentful. The fluctuations in gold, and the irre-

gularity and uncertainty in stocks, have checked the tend-
ency to speculation, and the demand from that source has

been smaller than usual. Permanent investors also hold
off until affairs appear more settled, or a legitimate 'em-
ployment for their capital is offered. The flow of cur-
rency is still from the rural districts to Now York, and the
weekly statement of the banks shows an increase of over
five and a half millions in deposits during the week. The
loans have increased only one million, so that their posi-
tion is stronger and their ability to supply their customers
with funds greater than a week ago. The indications fa-
vour continued ease in the market during the summer,
unless some artificial combination is effected to force a
stringency. At present, however, the speculators have all
they can attend to in the fluctuations of gold and stocks,
and the summer vacations and holidays will soon draw
the bulls and bears of Wall street to their country pas-
tures and watering-places. Tho supply of money in
the Western market is more than is' needed, and the
Chicago banks are complaining of dull times. There
is no activity in the breadstnffs market, and the ap-
proach of libirvest tends to check speculation in the
stcck now on hand. The country makes no demand
on the grain centres for money, and there are conse-
quently few borrowers. Gold keeps steadily advancing,
amid rejoicings on one side, wailings on the other, and all
sorts of expressions from the speculators. On Wednes-
day the price reached 1441, the highest since September,
1868, and an advance of over 9 per cent. since the first of
May. Nobody doubts that the rise is engineered by specu-
lators,
and oven the few who regret the fact unite in the
general satisfaction when one of them comes to grief, as
has the heavy German house of Schepeler and Co. This
extensive concern, one of the heaviest foreign bankers in
New York, failed on Monday, for a large amount, vari-
only stated at from $1,500,000 to $2,000,000, and during
the rest of the day the gold market was excited and un-
settled in consequence. Other failures were feared,' and
expected, but, except two small houses, none occurred,
and the creditors of Schepeler and Co. aro all sound, and
able to sustain their losses. The Schepeler house stood
well at New York and in the European markets, and de-
spite one or two cases of rather sharp practice, just before
their suspension, will be aided by their associates and go
on in business. The public., however, have no reason to
be discouraged or dissatisfied with the increase in the pre-
mium on gold. It simply means that the financial condi-
tion of the country is coming to be better understood, and
that gold is no longer to be in a great degree ex-
empted from the operations of an inflated currency, and
enjoy immunity as the cheapest commodity in the mar-
ket. if the price of gold were controlled like the
average price of other articles, it would be nearly or
quite 200 per cent. The real lesson of the situation is
thus clearly and concisely stated by the New York
Ecening Post:—" Were the price of gold raised to the gene-
ral level of prices, without serious disturbance to trade in
general, the export of bonds and the increase of our. debt
abroad would be checked, foreign markets for surplus crops
and manufactures would be opened, and greater stability
would soon be given to the financial condition of the coun-
try. We could then measure our means and face our diffi-
culties, without the thin disgrace which now blinds so
many to them both ; and the country would see the essen-
tial truth, that the really weak point in the situation is our
inflated currency, and that until that is disposed of neither
the credit of the nation nor the industry of the people can
be established in a satisfactory condition." An incidental
advantage resulting from the rise in gold is secured by the
Government, which is now selling gold at a million a week,
and purchasing bonds with tho proceeds. Tho higher the
premium of course the mot o bonds it will buy, and of
course the difference is profit to the Government. Imports
continue heavy in New York, and the receipts of the Trea-
sury for customs are largo. The exports of specie have
been limited during the week, and the coin balance in the
Assistant Treasurer's hands keeps constantly up to high-
water mark. Government Bonds have lost their old
characteristic of declining with every advance of gold,
and now do exactly the opposite. Secretary Boutwall got
1164 to 116 k for his million on Wednesday, and the demand
has been uniformly strong and active. London prices
have also appreciated, and the reported threat of the
great Bank of England to raise its rate of discount
to 10 per cent., if necessary, to stop the speculation in
foreign securities, has had no depressing effect on the

price of our Five-Twenties abroad. That plethoric in-
stitution may drive Spain and the begging German pro-
vince from out of its markets, but it can hardly extinguish

or expel the faith in a good bond of the United States
bearing six per cent. interest in gold. Secretary Boul-
- has removed all doubts of his intention in paying
Governments by an explicit declaration that ho is going to
enforce the long-neglected Sinking Fund Act, and that
bonds which are applied to that purpose will be legibly
stamped, for the purpose (S. distinguiThing them from all
other bonds, and preventing their sue iu the public mar-
ket. It seems that the Secivt try has had no doubt or he-
sitenoy in adopting this rd:cy, and that all reports to the
effect that he was confused and perplexed into his sense
of duty wore altogether unfounded. The course of the
Secretary meets with all sorts of criticisms from the emi-
nent financial doctors, who speak through the press, each
ono of whom is the sole discoverer and possessor of the
only absolutely perfect and adequate policy. Whatever
the discussion of their sapient theories may amount to, a
few facts,.which are quite apparent, afford considerable
aid in judgment of the Secretary's action. All the Demo-
crats, papers, and politicians, with scarcely an exception,
oppose it. The Government is not speculating in its own
bonds; those which are now purchased will not again
be for sale the re-issue of bonds being expressly for-
bidden by the law of 1817, and punishable by fine and
imprisonment. Mr. Boutwell is only executing a law,
enacted by Congress in 1862, and neglected ever after by
Secretary M'Culloch; if the law is unwise or undesirable,
Gen. Grant's view of the case is correct, that its faithful
enforcement is the best and speediest way to secure its re-
peal. With these facts to sustain its present course the Trea-
sury Administration can well afford to wait the results,
and by them stand or fall. A reduction of the debt
$13,000,000 per month is an assurance of integrity and
ability which appeals more strongly to the popular appre
elation than any finely-spun theories on abstract prin-
ciples of finance. The New York Stock Market has been
uncomfortably disturbed by the failure of a young and
growing firm of brokers, in consequence of the flight of its
junior member with nearly all its fuuds, and the situation
of gold and Governments has made the speculators rather
-timorous. Business is fair without special excitement,
and prices of standard roads have been well sustained.
' The Vanderbilt roads have steadily appreciated under
71-hi-hours from Albany that Governor Hoffman would soon
sign one or the other of the scrip and consolidation bills,
that ho would sign both, that ho would do it forthwith,
'that :he had already gone and done it, &c.,—the whole
course of affairs showing, if not actual collusion of the
governor with his confreres of Wall-street, at least a very
close mutual understanding. Now York Central sustains
every advance in prices, and is steadily above the " 80's.'
Harlem, Hudson River, and Lake Shore, of course, go
along in the ascent. Rumours aro afloat of another
grand outpouring of water in the Vanderbilt roads,
Lake Shore, Toledo and Wabash, and others, which will
enormously swell the aggregate of their capita). In
which connection it is interesting to know that since
July 1, 1867, twenty-eight of the leading railroads of tho
country have increased the total of their united capital
from $287,036,000 to $400,681,000 or over $113,000,000.
If there is no limit to this process, and every expansion
will be legalized by corrupt legislation, there is no reason
to expect that the railroad companies will `change their
policy: The reports of a perpetual lease of the Pittsburg,
Fort Wayne, and Chicago Railway to the Pennsylvania
Central are confirmed on good authority, and there is no
deubt that a large increase of capital is contemplated. The
terms of rental will probably be 12 per cent. annually on
the present capital, or 7 per cent. on the new capital—
s2o,3l2,soo - free of Government taxes and all contingen-
cies. The Pacific Mail Steamship Company has declared
a quarterly dividend of 3 per cent., payable June 1, and
its stock is among the foremost in the market. Trade in
dry goods is light, and wholesales and jobbers are com-
plaining of a dull spring, and one heavy Broadway house
went under last week iu consequence of losses in outside
speculation to make up for the depression of business.
The tendency of prices is also downward, and the pros-
pects for the-future are not particularly bright. Cotton in
the Southern markets has improved a little, but the de-
mand for staple manufactured goods is small and easily
supplied. Wool in the seaport market is dull, but reports
of business in the interior manufacturing cities are more
favourable. The flour and breaclstuffs market has been
more active, in consequence of favourable advices from
Europe, and the reports of a large harvest in prospect,
stittattlating the.. desire to work. off the present stock
No w York has begun to receive ,shipmentit by the ,canal,
,the supply auts h l
• on . band will doubtless come forward
rapidly. .

..,. ~.l

(From the Wall-street Jour.— ,
Friday Evening, May 21,
Money on call shows rather more activity, but dealers
find no difficulty in supplying themselves at 7 per cent. on
stocks and bonds. Discounts are active, at 7to 9 per cent.
for first-class paper. Gold is decidedly lower on the re-
cent advance, having opened this mottling at 144 and
subsequently declined to 1111, closing at 144. This fall
has been in some measure aided by the Secretary of the
Treasury, ivh, has issued proposals for the sale of
$1,000,000 gold on each Monday, until further notice, ad-
ditional to the usual Thursday sales, making a total sale
of $2,000,009 per week. Att4e fourth Treasury sale of
gold yesterday bids were filed fer $2,100,000 ; the highest
bid was 143.91, and the lowest 143.52. The awards were
'made as follows :—5100,009 at 143.91, $250,00p at 143.85,
$250,000 at:143.81, $50;000 at 143.81, $50,000 at 113.80;
$2503000 at 143.79, $50,000 0-118:77.• goterwitint boners

1Q69

are weak, and show a general decline from to per cent.
on last evening's official prices. _ _ _

Sixes, 1861, registered 122/ to 1224
Sixes, 1881, coupon 122/ to 123
Sixes, 1868, coupon
U.S. 6s. Pacific Hailload lO7/ to 1074
Five-twenties, 1862, coupon - to 120 f
Five-twenties, 1864, coupon
Five-twenties, 1865, coupon : ... 119 f to 1191
Five-twenties, 18'35, coupon, now
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 l2O to 120/
Ten-forties, coupon
Seven-thirties, 2d series — to
Seven-thirties, 3d series — to
Oregon War Loan, Sixes, 1881 — to -
CEVOTATIONS FOR SPECIE.

Amer. silver... 95 to 95 1 Eng. sovs 486 to 488
Mex. d011ar5...103 „ 104 120 francs 383 „ 385
Eng. silver 475 , 430 1 Thalers
Five francs .... 95 „ 95 I _

•
The reported pending negotiations between the Pennsyl--
v.inia Railroad Company and the Pittsburgh, Fort Wayne,
and Chicago Company, for the perpetual lease of the lat-
t,,r, we have rot:son to suppose have taken Ho form of a
dittinct proposition from the Pennsylvania Company to
pay 12 per cent. per annum in quarterly dividends free of
Government tax, upon the present capital of the Fort
Wayne—sll,soo,ooo—and the interest upon its whole
funded debt, including the yearly contribution to sinking
the principal of the debt ; leaving to the Fort Wayne Com-
pany to determine the new basis of capital upon which the
lease is to be paid; that is, if 50 per cent. should be added
to the present capital, calling the whole 817,250,000, the
quarterly dividends to be at the rate of 8 per cent. per
annum ; or if 711 per cent. should be added, calling the
whole capital 820,312,500, the quarterly dividends to be at

the rate of 7 per cent. per annum. The last proposition,
we believe, is received with most favour. It makes a 7
per cent. investment, free 'of Government tax and all con-
tingencies. Railroad Bonds are active, and on the better
known securities there is.a good demand for investment.
Am9ng the railroad bonds now offered on this market we
note those of . the St. Louis, Vandalia, and Terre Haute
Railroad Company Seven per Cent. First Mortgage.

N. Y. Central 6s, 1883 91
N. Y. Cantral.6s, 1887 93
N. Y. Central 6s, R Est 851
N.Y. Central 6s, Sub'n 851
N. Y. Central 7s, 1876
N. Y. Cen. 7s, con. 76:
N. Y. Cen. 7s, '65-'76 —
Erie Ist Mort, Ex
Erie 7s, 2d Mort, 1879 92i
Erie 7s, 3d Mort, 1883 B7l
Erie 7s, 4th Mort, 1880 79
Erie 7s, sth Mort, 1888 771
Long Dock Bonds
Buff. N.Y. &E. Ist M,'77 B9
Ilud. IL 7s, Ist M, '69-1031
Had. IL 7s, 3d M, '75
Harlem Ist M, '6B '72 991
Mich. C. Ist M, 69'72 120
Mich. new Ist M Bs, 'B2 121
Mich. So., 7 p. c. 2d M 93
N. lud. Goshen Line
7p.c. 991
111. Cen. 7 p. e '7O 120
Alton & T. H. let M

Alton & T. H. 2d pfd 84
Alton & T. H. 2d M. Inc. 76
Han.&St.J.LandGrantslo6
Han. & St. J. Con 117
Chi. B. & Q., Ist 31 112
Chi. & N. West, S. F 971.
Chi. & N. W. Con Conv 1004
Chi. & N. W. Ex'n B 95

Clai. & N. W. Ist M
& Wab. 2d M Ex. 83
Gt. Western 2d M '93 79i
Mil. & Pr. du Ch. Ist M
Gal. & Chic. Eat 97
Gal. & Chic. 2d M 96
Chi. & R. I. Ist M 99
Chi. R. I. & Pacific-7's_ 98
Cleve. & Tol. S. nand_ 99}
N. J. Central Ist M OB-
l J. Central 2d M 99
Pitts. Ft.W., & CI). Ist M 105
Pitts. Ft. W , & 011.2 d M 99
Pitts. Ft. 'W., & Ch. 3d M 94
Cleve. & Pitts. 3d M 95
Chic. & Alton, S. F. Inc.
& Alto; S.F. lstM.loo
Mil. & St. Paul Ist M 93
Mil. & St. Paul 2d M , 83
Marietta & Cin. Ist XI B7
Morris & Essex Ist Xt 99
Morris & Essex 2d M 91
Joilet & Chic. Ist M
Chi. & Gt. Easen lstM B5

N. Y. & N. H. 68 ..... --
Dubuque &S. City,lst Al 92
Peninsula Ist M ssi
Ohio & Miss. Ist M --
Ohio & Miss. Con
Tol. P. W. Ist M. E. D B5
Atlantic & G. W. 2d M ---

Express Stocks sell steadily, and we quote :
Adams
American Merckants' Union 4O to 401
Merchants' Union, old Stock l5 to 15}
United States -
Wells, Fargo, and Co 33.1 to 33i
Foreign Exchange is strong, and much discrimination
is shown on commercial bills, owing to the failures above
noticed.

Sixty Days. Three Days.
Londcn Bankers
Lor.d. 13, Prime Commercial 1081—:1091 ......
Paris, Bankers 522 5.15 5.15 —5.14

Brenien, Bankers
Hamburgh, Bankers 352-36
Frankfort, Oil 4Ol-401 .....
Berlin and Cologne
Antwerp 5.221-5.15 ......
Amsterdam, Bankers
Swiss
Bank Stocks are in good demand, and prices steady
Miscellaneous Stocks show a good business in Ceuta,'
Mariposa, and Pacific Mail.
N. Y. Central l9ll Fort Wayne
Erie
llud'son t l6ll Atlantic Mail --
Reading
Mich. South. &N. 1.... 1061 W. U. Telegraph
Illinois Central
Cleveland & Pittsbrg 931 Ohio and Mississippi... 0,
North-West
North-West Preferred 1041 Cumberland
1
Canton 63 Bankers and Brokers... 0()
Rock Island
Jleveland and Toledo 1061 IM & St. Paul Preferred S6l
Railroad stocks are strong and buoyant, especially 0°
the Vanderbilt stocks. Governor Hoffman yesterda
signed four bills connected with the extension and con°
solidation of the leading railroad lines of this State. Tile
first is entitled "The New York Central Railroad Scril:
Bill," which authorizes the enlargement of the capital of
the company by an addition of 80 per cent. ;" the second
" The Consolidation Bill," which sanctions the consoli,l4;
Lion and continuation of the Hudson River and New York
Central Company, so as to form a continuous line betweeil
New York and Buffalo, the third " The Erie Lagrone'
Directory Bill," which provides that the directors of th:
Erie Load shall remain in power three or four Ye3rt
longer • and the fourth " The Harlem Railroad DeP°,..
Bill," directing the construction by the company of afil°'..;
fitting depot for passengers and baggage at the steam c''''
terminus in New York.
'

718
Messrs. Drexel and Co., Philadelphia, report a 8
lows:—Pennsylvania Railroad were 58 58+ ;

Mortgage, 100 ; Sixes, 2d Mortgage, 95.
Messrs. Henry Clews and Co., in their circular of gel
15, state : United States Bonds continue to exhibit or
markable firmness, prices being now far above all jerec°-
dent. For some months past the foreign market has beeilf
the main support of the domestic ; within the last PI/
weeks, however, the extraordinary buoyancy of the Tie
don market has been checked by political events. ~
rejection of the Alabama protocol by the Senate, together
with the speeches of Senators Sumner and Chandler, 1431 e
wounded the susceptibility of English investors, and Per,
haps excited temporary prejudice against our securities;
while the supposed possibility that we might become 1.02"0
broiled with European powers on the Cuban question he
also induced a decided caution abroad relative to our boo°.
The Bulk of England apparently is disposed to discourd"
age the speculative importation of foreign securities, 8°
especially American, the recent advance in its rate
discount being mainly attributable to that motive. rut
these circumstances, the shipments of Bondi to Eur°l.o
have declined to a nominal amount, and quotations on tin
foreign market rule lower. At home, however, prices The
improved in the face of a declining tendency abroad. .„
purchases of bonds by the Secretary of the Treasury,
s;
'furtherance of the provisions of the Sinking Fund, h'
had a marked effect upon quotations ; but rather at 11°111.,
than abroad, where the significance of the operation
perhaps not yet fully comprehended. 0 wing to the cote'
parative lightness of the supply on the market, the
drawal of $1,000,000 bonds per week has a very direct tee'
den cy to strengthen prices; and as these purchases are
to be continued through a period when money is usuallf
abundant and financial institutions and private invest°/.4
are free buyers, th's result is likely to be still further 'l'
parent. The effect of the Secretary's purchases LlP°ll,,t,bqt?
public credit is very directly favouraFle, inasmuch as t",;
not only reduce the principal and interest of the debt, 11-tt
also indicate the financial condition of the Governnielit
and its good faith in fulfilling all the conditions. Oleo
which its bonds were issued. The stock market exbibe
a high degree of speculative activity. At no period sir`"a
the Wall- street inflation of 1864, has speculation sbe%cco
such a reckless disregard of the proper corresPondeo,
between values and prices. The stock "watering" resl3l,l
has led operators into extensive purchases of stocks, It
the consequent advance in prices appears to have bterigo,
a large supply out of the hands of more permanent bola lug
Schemes of consolidation or of " watering" are belff,
worked out upon several of the leading roads, and sLivet
clout is communicated respecting these projects to w of
the appetite of speculators. A strong feeling, however, t 4
distrust of the high prices induced by these "0n !to
beginning to appear in some quarters, which is like') 0-
develope into a severe reaction when the schemes are co
summated.
ae_3,
LADVERTISENIENT.I--Holloway's stew
Comfort.--A disordered stomach throws the whole 09,5e-
0ut of gear, and renders us unfitted for work and arl3„-ta
ment. A few doses of these pueifying and strengtll?::,oo,
pills, taken according to their accompanying direol'on
will, however, speedily restore order, and re-enable
,„ es'
stomach to digest its food without difficulty. Thee'",oet;
cellent pills are suitable alike to the peer and the pea ouch
the soldier and the sailor, and particularly for haul ill
foreign colonists. Holloway's pills are very use
checking feverish attacks, bilious complaints, and te,..4si
=Um They have also made most signal cures of (."'"this
and diseases of the kidneys, heart, and lungs vibe°
sufferer seemed past the reach of medicine.

BIRTIM.
BURY— On the 4th inst., at Whetstone, the wife of Goo
Bury, Esq., of a daughter. .1J zl).'
STORMONT —On the 4th inst., at 28, Charles-street
fair, the Viscountess Stormont, of a son.
MARRIAGES. r'e•
c; ret64,4
BAZ ALGETTE —CULT —On the 4th inst, —•• Caw
Caversham, James Arnold Razalgette, Esq., , 01013;
42d Royal Highlanders (Black Watch) to Sarail
rreeli?,,till.the late A. J. Ceel,y, Esq., Lieut. of the
. patll
On the 3d inst., at All Sainte :leer.
Isitcuous - ut,—
dingtou, Samuel i54...1"11.57
u ber EN., 0
youngest daughter of Joh.? u 7
of_ lierksecttolobtleote
road, Regent's-park.

DEATBS. oslll#
HAMMOND-0u the 3d inst., at Leamington, Pater
mond, aged 78.fi 1001
KIDD— Ou the 3d inst., et the Alba ,wo
ny, .
John M'Mahon Kidd, late 87th Regt. .
, 10 5.
SRUTTLEWORTH—On the 4th inst., at Rollo/EL.,' 'l°
Shuttleu ortb, Esq., aged 82.

ANa 4, DlO
stria' 11:
„
London Printed and Published by WILLIAM
0%.!
of No. 112, Strand, Printer, at THE SUN Office, NO. _
in tri3 Precinct of the Sayoy, to the County or siv
Am 7, 180.