The Sun.
London, England, 1869-10-12 00:00:00

A STORY OF LITTLE EMIGRANTS.

A few weeks .gO, says the Irish Tintei, our Mayo cor-
respondent gave an account of three little children, aged
respectively 11, 6, and 4, who were about to set out from
the neighbourhood of Louisburg, a petty town, the
very existence of which is hardly known out
of Mayo, and make their way, yid Dublin,
Liverpool, and New York, to Chicago, with no earthly
friend or protector in their company, and their sole viati
cum 10s. to pay their way to Liverpool, and a ticket to
carry them thence to their destination. • To English
readers the tale must have sounded incredible. But, to
our personal knowledge, tho resolution was not only
seriously taken, but it has been since literally carried out.
A gentleman who had read our commissioner's
letter happened to travel up to Dublin in the same
train with the three children, spoke to them, found them
shoeless and stockingless, found them without a wrapper
from the cold and rain and storms of the Atlantic in the
late months of autumn, found them without as much lug-
gage as the fancy little bundle which Linda carries
across the stage in the opera. He gave them his railway
rug, and took them to some friends, who equipped them in
somewhat better plight for their long journey. But these
acts of kindness were accidents on which the children had
not reckoned—could not have reckoned. They only knew
that from beyond a wide ocean a father's voice summoned
them, and they obeyed the call. They were bright, in-
telligent children, ono of them a remarkably intereating
one.

The death of a man, ulto during a life of great
vicissitude obtained some distinction in the world of science
and letters, is reported from Floronco. M. Libri, an Italian,
became a political refugee some thirty years ago, and was
elected a member of the French Academie des Sciences
through the influence of Arago. lie afterwards obtained
some valuable appointments.. In his official capacities
he had to visit the public libraries of Paris
and the provinces, and fell under the suspicion
of purloining some valuable works. M. Bously
the Procureur du lioi, drew up a secret report, which he
laid before M. Guizot, and which estimated the value of the
public property thus purloined between 1846 and 1847 at
about £20,000.. The report foil into the hands of the victors
of the subsequent February, and M. Libri, who had escaped
to England, was, after a long trial, sentenced to ten years
imprisonment, degradation, and the loss of his civil rights.

MONEY AND BUSINESS.

(From the Wall-street Journal.)
FRIDAY EVENING, Sept. 24, 1869.

The financial equinox has suddenly burst on the street
with unexpected violence, and for the past three days a
tornado of unexampled extent has raged. The prompt
action to-day of the United States Treasury has, how-
ever, squelched the raging elements, and this evening in
the market closes with quietude. Money on call is in de-
mand at 7 per cent. and 1-16 per day, and on miscellane-
ous collaterals at 4 to I per cent. per day, with a very
wide margin. Discounts aro for the moment scarcely
spoken of, but good, sound paper can be passed
without difficulty. Gold yesterday and to-day has been
exceptional to its usual movements, having fluctuated
violently culminating to-day on an advance from 150 to
1621, when the Assistant Treasurer stepped in with the
following notice :

United States Treasury, New York,
Septomber 24th, 1869.

Notice.—The Treasury will sell at. 12 o'clock to-morrow
four millions gold, and buy four millions bonds. Proposals
will be receivud in usual form.
DANIEL BUTTERFIELD, Assistant Treasurer.
This promptly and effectually collapsed the price to 133,
at which figure the market closes.
Government Bonds early in the day were dull and weak,
but after the announcement that the Treasury will buy
four millions of 5-20 s to-morrow, there was a sharp ad-
vance of one to two per cent. on the entire list.
Sixes, 1861, registered to
Sixes, 1868, coupon .. — to
Sixes, 1881, coupon l2Ol to 121
U.S. 6s. Pacific Railroad lO7 to 1071
Five-twenties, 1862, registered l2O/ to 121
Five-twenties, 1862 coupon
Five-twenties, 1864, coupon
Five-twenties, 1865, coupon
Five-twenties, 1865, coupon, new
Five-twenties, 1867, coupon
U.S. 5-20 Coupons, 1868 ll9l to 120
Ten-forties, coupon lO9 to 109}
Ten-forties, registered — to
Oregon War Loan, Sixes, 1881 — to -
QUOTATIONS FOR SPECIE

Amer. silver... 97 to 98 I Eng. sovs 482 to 485
Mex. dollars...lo3i „ 1011 20 francs 383 „ 386
Eng. silver 475 , 480 I
Thalers
Five francs „ 96

The market for Foreign Exchange has been thoroughly
demoralized, and the quotations merely show the nominal
market, premising that at .he close leading drawers are
asking for 60 days' b". 18 on London, 106 to 107.
_ _

Sixtoir Days. Three Days,
105 —lO6 1061-107
, 1 —lO5
,5.324-5.30 5.274-5.25
, 761-774
, 841-341;
, 394-39 f
, 69 —69 f
, 5.35-5.324
, 39-39 f
5.35-5.32
to sell steadily, and among
lot this week, we notice those
road Company New York,
r on sale at 874 and accrued

London Bankers
London, Prime Commercial
Paris, Bankers 5.321-5.30
Bremen, Bankers
Hamburgh, Bankers 341-341;
Frankfort, O.M 391-39f
Berlin and Cologne
Antwerp 5.35-5.32'
Amsterdam, Bankers
Swiss
Railroad Bonds continue
those int.oduced on the mar
of the Southern Central Rai
$1,100,000 of which are noN
interest.
N. Y. Central 6s, 1883... 90
N. Y. Central Os, 1887... 87
N. Y. Central 6s, R Est.. 87
N. Y. Central 6s, Sub'n.. 87
N. Y. Central 7s, 1876...
N. Y. Cen. 7s, con. 76,... 97
Erie Ist Mort, Ex 9B
Erie 7s, 2d Mort, 1879 95
Erie 7s, 3d Mort, 1883 B6
Erie 7s, 4th Mort, 1880 B5l
Erie 7s, sth Mort, 1888 —
Long Dock Bonds
Buff. N.Y. &E. lstlVl, '77 B7
Hud. R. 7s, Ist M, '69 991
Hud. R. 7s, 2d M, 'B5 102
Harlem Ist M, '6B '72 —
Mich. C. Ist M, 69'72
Mich. new Ist M 85,'82 —
Mich. So., 7 p. c. 2d M 92
N. Ind. Goshen Line '6B
Mich.S.&N.l.S.F'd7p.c. 98
Cen. 7p. c '7O 121
Alton & T. li. let 11/ 921
Alton &T.H. 2d pfd 801
Alton & T. H. 2d M. Inc. 751
Han.& St.J.LandWrntsloB
Ran. & St. J. Con
Chi. B. & Q., Ist M 106
Chi. & N. West, S. F 93
Chi. & N. W. Con Cony 931
& N. W. Int B —
('hi. & N. W. Ist M BBl
Quincy & Tol, Ist 31,'75
111. & So. lowa Ist
Gt. West. Ist M, 'BB B4l
Gt. Western 2d M '93 Bl.
Tol. & Wab. 2d M Ex B4l
Railway Stocks have been terribly exercised all the
week, especially the watered stocks, some of which in a
single day have varied over 20 per cent. ! The market,
howeve closes steady at a general decline. In Miscel-
laneous Stocks the leading business has been in Pacific
Mail, which has fluctuated considerably, but has closed
to-day at 731.
N. Y. Central xl
1184!
Erie
lir dson
Resding
Mich. Central 125
Illinois Central
Cleveland & Pittsbrg 107;
North-West
North-West Preferred 8.1
Canton ss}
Rock Island
Cleveland and Toledo
Express Stocks ere genera'
Adams
American Merchants' Unic
Merchants' Union, old Stet
Ur lied States
Wells, Fargo, and Co

Tol. & Wab. Equip 79
Mil. & Pr. du Ch. Ist M —
Gal. & Chic. Est 97
Gal. & Chic. 2d M 95
Chi. & R. I. Ist M 100.
Chi. R. I. & Pacific 7's 9-11
Cleve. & Tol. S. Fund 991
N. J. Centralist M 99
N. J. Central 2d M 100
, Pitts. F t.W., & Cb. Ist M 100
Pitts. Ft. W., & C11.2d M 95
Pitts. Ft. W., & Ch. 3d M 94
Cleve. & Pitts., 4th M 731
Chic. & Alton, S. F. Inc 99
Chic. & Alton, S. P.l stM 99?
Mil. & St. Paul Ist M 9ll
Mil. & St. Paul 2d M —
Marietta & Cin. lst M., —
Morris & Essex Ist M 99?
Morris & Essex 2d M 9O.
Joilet & Chic. Ist M —
Chi. & Gt. East'n lstll B3
N. Y. & N. H. 6s 97
Dubuque &S.City,lst M.
Peninsula Ist ...... 90
Ohio & Miss. Ist M 92
Ohio & Miss. Con B2.
Tol. P. W. Ist M. E. D
Atlantic & G. W. 2d M.
Del., Lack., & W., 2d M. 90
Lake Shore Div. Bonds
Cleve, P. & Ash. N.B —
Do. 0.8 —
I Tnion Pacific Gold B B5
Central P.RR. Gold B 92
Pacific RR. guar. by Mo• 90

Fort Wayne
Pacific Mail 7l
Atlantic Mail
Quicksilver
W. U. Telegraph
Mariposa Preferred
Ohio and Mississippi 29
Boston Water Power— 16
Cumberland
Bankers and Brokers
M & St. Paul
& St. Paul Preferred 83;
ily lower.

541 to 55
)n 3 oto 32
A lO to 10}
531 to 51
181 to 18f

(From Henry Clews and Co.'s Monthly Circular.)

The Monthly Circular of the banking house of lenry
Clews and Co. is a docament worth the attention of the
English Stock Exchange. Tho celebrated " bull" fight
which caused such destruction eight or nine days after the
date cf the Circular from which we quote, 15th Sept, is
thus foreshadowed: The Gold Market has, for some
time, been controlled mainly by speculative movements.
The decline h the premium to 1311, with a strong ten-
dency toward a lower figure, has been checked through a
combination of speculators gaining the control of nearly
the eptire supply on the market; an operation which has
been facilitated by the comparatively light supply from the
Tre3SrV, at a tine when the stock upon the market is always
light. The market has thus been kept in a constant appre-
henslon that gold might be made artificially scarce and
borrowers be compelled to pay enormous rates of interest.
The objects of the clique appears to be to familial.:ze the
public with the advanced premium and thereby facilitate
their unload'ng. Apart, from this artificial condition of
the mr-ket, there are causes strongly favouring a steady
decline in the premium. An active condition of the
money market naturally operates in that direction. The
supply of gold in the country has been augmented
during the last few months, owing to the unusual light-
ness of the exports of specie. The surplus of products
avaih.ble for exportation, there can be no doubt, will
be larger than at any time within the last ten years, and
the exports of cotton are especially likely to prove exc)p-
-t. °nal y valuable. For several weeks past there has
been a marked increase in the value of the exports from
this port, more than setting off a slight average gain in the
amount of the i sports. On the Ist of November the Go-
vernment will appropriate about $30,000,000 for the parment
of interest ; the effect of which must soon be anticipated.
The Treasury held on Sept. 1 $10,200,000 more Gov. n-
ment gold th-n at the same date of last year, show'ng an
increased ability on the part of the Sacre ;7 to supply
the ma-ket, end foreshadowing a probability that he may
soon f id it convenient to extend his sales beyond the
present limit of $1,000,000 each alternate week. Beyond
t"...obu 6141ug0, tho oconou;aing of the public a - pertdi tures,
the steady reduction of the public debt and the enforce-
ment of the sinking fund, together with a substantial

nprovement in the business of the country, and a growth
of American credit in other countries, are considerations
wl,:ch aro constantly, though quietly, tending to moderate
the premium. We are disposed to rely upon influences of
tb's character for producing a strong downward reaction
gold when the market is released from the speculative
position in which at present it is firmly held. Until the
November interest, however, is paio, the supply of gold on
the ma bet wi'i be so low as to place the premium wholly
ruder the control of a few speculative holders, a very nu-
des' able condition of affairs. It is to be hoped that the
Secretes of the Treasury, in order to prevent any unna-
tural advance in the promirm, may either pay the interest
on the November coupons before maturity, without rebate
—a course which would involve no loss to the Treasury—
or use a pot „ion of his gold in the purchase of bonds. Upon
the policy of adopting the latter expedient we request at-
tention to a subjoined communication addressed to the
Soc2etr.7 of the Treasury :
iGr rFgeee
n.
gB oaustsNuovrfeel lda,
S rNe teawt/Yoofrkt City,
r Aug.e
asu /2.3—* Inc aorn
that you are at all Vmes ready to receive suggestions
work-
ing cot if ctahl
oc hprurba tce r, intended
finances, to
take promoteth the liberty
tlhi
be efficienterty o of
ewa
calling
your methods of marketing the
nwhtoaet,narsesit appears to me, would be an
your attention to
improvement upe
surplus of Government coin and purtchhoasGinogvebronueti
ndisftorgtohlde
Sinking Fund. The exchange of
for currency, in the open market, as heretofore conducted,
is liable to be attended with more or less monetary del ange-
meut, which at times becomes a matter of public complaint,
and although the method you have adopted in distributing
the gold sales as evenly as possible and announcing them
in advance, has materially mitigated this inconvenience,
yet 1 world respeetfrly suggest that a further mitigation
might be effected through making your purchases of bonds
for the Sinking Fund directly in gold. That course would
be in conforroly with the letter of the law of February
25th, 1862, section 5, which expressly appropriates the
Customs' revenue for this among other purposes ; while
it would also have a very favourable effect upon the public
credit. Congress having declared the principal of the
bonds to be payable in coin, it would be apparent that
the Government was nct only keeping good faith rela-
tive to the sinking of the debt, but that it was doing
so in the k!ud of money proscribed by law, and

further that it was effecting an important Wing
on the principal ; whereas, to a large Portion of the public
Lot versed in finance, the purchases effected in currency
appear to be mado at a large premium. Under such a
policy the public would be more apt to estimate the value
of the bonds upon a gold basis, which would tend to
materially improve their value, and would greatly aid in
bringing them up to par in gold. Ido not assume that
the whole of your purchase of bonds could be made in coin,
for you have also a surplus of currency revenue, for which
you have no other use than buying the public obligations ;
but it does not appear a valid reason for declining the
method suggested, that part of your purchases would re-
quire to be made in another currency ; tho transactions
in paper would, I think, to soon regarded as a necessary
exception, while the purchases in could would be viewed
as the proper and lawful rule. This course would na"
questionably modify one important source of extrauee°
interference with the money market ; while, on the other
hand, it would have a beneficial effect, as showing a dis-
position on the part of the Government to conduct it 9
transactions, so far as possible, in gold.—l am, dear,
with much respect, yours, &c., HENRY CLEWS.o

Messrs. Drexel and Co., the Philadelphia bankers, relOt
as follows on Sept. 24 : Pennsylvania Railroad shares, 56}
; Sixes, Ist Mortgage, 98-i 99 ; Sixes, 2d Mortgage°,
98 98i.