The Sun.
London, England, 1869-04-05 00:00:00

TILE INSURRECTION IN CUBA.

The Journal OSiciel of Paris has received news to the
effect that General Lesca after many desperate combats,
has broken through the insurgents who beleaguer Puerto
Principe, and has relieved the city. Many previous
attempts to break through the insurgent lines have been
defeated.

11\71,97 ION IN NEW YORK.

The drain of gold from the Bank of England to
the United States' in payment of American Bonds
has had the effect of raising the Bank rate of in-
terest from three to four per cent. The Thnes
notices the apprehensions of American authorities
on finance, that an inflation prevails in New York,
upheld by the means afforded in transferring to
Europe, as money, Five-Twenties and other Bonds.
Although the national Treasury of the United
States is in a comparatively flourishing condition,
and steadily hnproving, we regret that there is but
too much reason to apprehend that an inflation does
prevail in New York, which may eventuate in the
catastrophe predicted. The speculation in real
estate has risen into a mania, which must end, as
these periodical fits always do end, in leaving on
the hands of speculators and others a burden of
land, to them useless, bought merely to secure
the profit on the rise, but which, after reaching
the termination of the rise, drop with extraordinary
speed to a tithe of th.! value at which the bolder
estimated the lots. It is probable that the collapse
will first come in this direction, which will take the
enemy straight into the citadel, where he may act
the part of the bull in the China shop. The Nation
asserts that the returns of the Department of
Agriculture for February show the truth of the
series of articles published in that paper which we
summarized, alleging a serious decline in the agri-
cultural produce of the United States. Oxen and
other cattle have decreased in New Jersey, Mary-
land, North Carolina, Florida, Texas, Kentucky,
Ohio, Indiana, and most in the great agricultu-
ral State of Illinois, where the decline is five per
cent. In several of these States there is a falling
off in mulch cows, as well as in the number of sheep
and hogs. This the Nation attributes to the eco-
nomical blunders in legislation which foster manu-
facturesat the expense of agriculture, drawing labour
by artificial means from its natural employment.
The same paper has steadily maintained, and has
been a good deal abused for its pains, that the price
of everything in the United States has been affected
by the action of speculators, and that a great fall is
inevitable before commerce is placed on a healthy,
level. Such a fall must be productive of a disturb-
ing influence, perhaps of a ca.tastrophe ; and it is as
well for men of business to be on their guard against
the danger of such a contingency. However, the
fact is patent that people have always been predict-
ing a great smash for the United States ; and those
who have been most confilent that it was coming
have smashed themselves, while the United States
continue the even tenour of their way. Still there
is no use in being blind to the fact that it is easier
to float a lot of paper than to redeem it ; it is easier
to spend a fortune than to make it; and from the

commencement of the war the citizens of the United
States have been more engaged in the former than
in the latter occupation.—Anglo-American Times.

Sedley, editor of the Round
Table, has explained how the article headed "An English
Bully" came to appear in that journal. This was one of
the papers on which Mr. Charles Reade, grounded his
action for.libel. In June, 1866, the articles were published
on "Griffith Gaunt," which gave offence to the author.
In response, Mr. Charles Reade wrote "Prurient Prude,"
which was copied into the New York Times, Tribune,
World, and other American newspapers. Meanwhile, as
Mr. Sedley had in August purchased the stock of the
Round Table Association and assumed editorial charge,
he became responsible for what appeared after, but not
for what appeared before. But "An English Bully,"
written in reply to "Prurient Prude," came out in
October. Hence Mr. Sedley's connection with the
case, and his explanation. The gentleman who had
written "An English Bully" urged its publication,
and so strongly, as to bear down the remonstrance
of the editor, who disapproved of the article, and would
not except under peculiar circumstances have allowed it
to appear in the Round Table. It was a position an editor
can understand and sympathize with, for while disapprov-
ing both the sentiment and the expression, the article was
but the sequel of a previous controversy which had been
commenced before Mr. Sedley had taken the editorial
chair. He feared to incur the imputation of being un-
generous and arbitrary by ruling it out under such circum-
stances; yet, so strongly did he disapprove that he wrote
to the office desiring an explanatory foot-note to be in-
serted or the initials of the two gentlemen defendants in
the action, which might imply, by the absence of his own,
his non-concurrence. This appears to have arrived too late
as the paper had gone to press, and now that the action has
terminated, Mr. Sedley has written an article to explain
the circumstances.--Myron Angel, the author of several
valuable publications on silver mining in Eastern Nevada,
has gone to White Pine to take charge editorially of the
White Pine News. Mr. Angel Was editor of the Austin
Reveille during the palmiest days of that burg, and is a
representative Californian in possessing that trait which
tends to carry us into the very midst of everything im-
portant that is transpiring within our reach. Moro re-
cently, Mr. Angel has been connected with the State
Capitol' Reporter at Sacramento.—Mining and AYeienti/ic
Press.

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