The Sun.
London, England, 1869-03-01 00:00:00

THE SUN, LONDON, MONDAY EVENING, MARCH 1, 1869.

THE ➢iEMBER FOR MARYLEBONE.

Mr. Harvey Lewis, at present M.P. for Maryle-
bone, does not seem to have any desire to throw up
his post. Notwithstanding that his conduct has been
denounced by a Vice-Chancellor, as false, fraudulent,
and fictitious, he is going to hold on. It is stated
that a number of the leading electors of Marylebone
have waited on him urging him not to resign his
seat. Probably, however, the electors as a
whole would rather not be represented by a
man who, if Sir Richard Malins's impression is
correct, is little better than a swindler. Only not a
common swindler—not a mean, low rascal, who
would make false representations for eighteenpence—
but a man who went in boldly for about £BO,OOO.
Mr. Lewis says he is not satisfied with the Vice-
Chancellor's judgment, and promises a book explain-
ing away his remarks. Until the issue of this
pamphlet he will remain a member of the House of
Commons.

trolled by JAY GOULD and CORNELIUS VANDER-
BILT, whose lines terminate in the metropolitan
city of New York. Although the Pennsylva-
nia centres in Philadelphia, not in New York, it
has a short connection via Camden and Amb Hee
to the latter city, while a;1 Pennsylvania is its own
ground. Philadelphia, as a port, has many advan-
tages for the trans-Continental traffic. It is
clear that Mr. THOMSON and his Board think
so ; for their efforts are directed east as well as
west, afloat as well as ashore ; steam lines being
invited from North Germany and Liverpool. A
great struggle between this road and the Erie
has just terminated in favour of the Pennsylvania
Central. The Erie, having control of the Atlaa tic and
Great Western, endeavoured to secura its progress
west, and the control of western traffic by leasing
the Columbus, Chicago, and Indiana Central. JAY
GOULD offered the stockholders to pay the interest
on the bonded debt and give them an average of 7
per cent., lay a third rail for the six-foot gauge, and
return the road at the end of the lease in a condi-
tion as good as received. had this -offer been ac-
cepted, not only would connection have been secured
for the Erie with Indianapolis, Cairo, St. Leui=,
Peoria, Keokuk, Rock Island, and Chicago, and one
of its rival's communication from some of these places
would have been interfered with. But that rival
stepped into the field, and offered the Columbus
stockholders 30 per cent. of the gross earnings of
their road, without guaranteeing a regular dividend,
though undertaking to spend in permanent im-
provements a sum equal to what it would have cost
the Erie to lay a third rail, estimated at $2,000,000,
which would certainly be better applied in reduc-
ing grades, ballasting, and making the track sub-
stantial, than in laying a rail for a broader gauge.
The estimated earnings of the road the two lines
were striving to secure was, for the first 3 ear,
$6,000,000, thirty per cent of which would give to
the companysl,Boo,ooo, being $1,400,000 forinterest
on the bonded debt, leaving $lOO,OOO for dividends.
But in less than five years it is thought the gross
earnings will have nearly doubled, as its connections
with the Mississippi will then be complete. Baulked
in their attempt with the Columbus, Chicago, and
Indiana Central, the Erie turned to the Pittsburg;,
Fort Wayne, and Chicago Railroad, hitherto con-
trolled by the Pennsylvania, and secretly set to
work to buy up the stock in the market while sending
an agent to Earone to influence the foreign votes so
as to control the next election. To checkmate this
the managers of the Pennsylvania introduced a bill
into the State legislature making it lawful for the
board of directors of the Pittsburg, Fort 'Wayne,
and Chicago Railway Company so to classify their
number that one-fourth only shall terminate their
official terms at the next annual election, which
would give two years, even supposing that the
stock fell into the hands of the Erie directors before
they could gain their object. The bill passed the
, House, then the Senate, and was signed by the
Governor in 31 minutes, so that the Erie and those
they might have influenced in the Legislature found
it a law before they knew what was in store. Inde-
pendent of the trunk line, the Pennsylvania Central
now controls the following roads. The Panhandle
line, reaching from Pittsburg to Columbus, 193
miles, which is virtually a continuation of the Penn-
sylvania line, and receives all the western connec-
tions, which are—the Little Miami, which has just
leased the Columbus and Xenia, being run in con-
' nection with it, both of which will be leased to the
Pennsylvania, giving a line from Columbus to Cita-
' cinnati, 120 miles long ; the Cincinnati and In-
dianapolis
line of the Columbus, Chicago, and
Indiana Central, 188 miles long, which receives at
Bradford Junction, 83 miles from Columbus; the
Columbus and Chicagoline of the C., C., and Indiana
Central, 231 miles ; and at Richmond, 120 miles
from Columbus ; the Logansport and Richmond
line, 107 miles, with its feeder, the Toledo,
Peoria and Warsaw Railroad, the section of
which between Logansport and the Illinois line is
owned by the Columbus, Chicago, and Indiana
Central, and which may soon receive another
branch from Peoria to Rock Island, and will surely
have one to Burlington. At Indianapolis this road
will receive the eastward business of the air line to
St. Louis, which will be completed next year, and
which is controlled by the Pennsylvania and Colum-
bus, Chicago, and Indiana Central, and also from
the Indianapolis and Vincennes and Cairo and Vin-
cennes Railroads, which together form the most direct
line to Cairo. A large part of the unfinished links in
these roads is completed, and they will be in running
order soon. The Pennsylvania and the Columbus,
Chicago and Indiana Central are the chief owners.
The new through trains from Louisville to New
York will run over the Pennsylvania lines from
Cambridge City, 135 miles west of Columbus. The
correspondent of the Tones says that the consummate
skill of CORNELIUS VANDERBILT makes him by far the
ablest of the three rival railway presidents, and may
finally give his road the victory. The result,
however, as yet, gives to this a plump contradiction,
as acknowledged by the correspondent, when he
states that "the Pennsylvania Central has the largest
capital and the best constructed roadway, with the
chief apparent advantages in the contest at pre-
sent." How has this been gained, if not by the
good management of J. EDGAR THOMSON ? His
line was first in the race, and was working steadily
towards his object, while the Erie and New York
Central were playing, football with their stock in
Wall-street, and thrust and parry in the New York
Courts of Law. Whatever may be the " consum-
mate skill" of Commodore VANDERBILT, we have
more faith in the engineering ability of the
Pennsylvania Chairman, who spends the sur-
the best roadways, and has
plus earnings in making
never forgotten from the day the first sod was
turned at Philadelphia that the ultimate end was
San Francisco. While we look for a brilliant
future for Philadelphia through the extraordinary
persistency and energy which has so far managed
this great corporation as to give to that port the
chance, at least, of a large share of the through
traffic to the Pacific, we believe its two rivals to be
managed with skill and energy, although (at least
on the part of the Erie) with few scruples. The
stock-jobbing of that board, as well as Mr. VAN-
DERBILT'S known resources in manipulating the
markets, have created an unfavourable impression
in Europe, where the property is so largely held. But
we believe., in the end, the shareholders will be agree-
ably surprised, and that all three will do well when
the tide of Eastern travel begins to set West, as
it soon will, its monopoly being the real cause of
the battle of these giant corporations. An Ame-
rican paper thus sums up the chances of this war :
" GOULD is sharp, VANDERBILT is strong, and the
New Yorkers control a mint of money, but they
find it no easy job to kill off the Pennsylvania Cen-
tral." But the best testimony to the excellent
management of this line is to be found in the re-
markable evidence of JAY GOULD, before the Legis-
lature of New York.

General GRANT had seen too much of war to desire
another drop of blood to be spilt. In his letter to
the Convention, by which he was nominated as
their candidate on the 29th of May, 1868, he said.
We want peace, and universal prosp-ritv, its
sequence ;' and he closes that letter by repeating,
Let us have peace.' That peace, as far ai de-
pended upon General GRANT, we might be sure
would be maintained." Doubtless General GRANT
does not desire a war with England, but he holds
the sentimental view of the Alabama question so
general in America, which has been clearly expressed
by him, indeed in a way which, if adhered, to would
carry the subject beyond the province of arbitration.
Mr. JOHNSON forcibly stated what would be the
result if England became involved in war with
an enemy who could fit out cruisers in the parts of
the United States. He considered it to be pre-
eminently England's interest to fix, as a precedent
for the future, the liability of neutral nations for
damage done by cruisers escaping from their ports.
The sum total of the claims, amounting only to a
few millions sterling, would be trifling compared
with the loss through such depredations in case of
war. Although the ocean carrying trade of Eng-
land is now greater than that of the United States,
the position most probably will be reversed in ten
years, when the trade of the Republic may be far
in excess of that of Great Britain ; but one thing
is clear, that the two nations of the world most
interested in obliterating the Alabama precedent
are the United States and the United Kingdom.
The precedent would suit provinces in revolt, inland
powers, and small communities of brigands.
Guatemala might go to war with England ex-
pressly to give some enterprising citizens the oppor-
tunity of making a fortune by employing an
Alabama against her commerce, purchased and
fitted for sea in New York. An African poten-
tate, never heard of at 'Washington, might have a
cruiser in commission against the Stars and Stripes,
under the plea of a national insult, but really to
enrich some adventurous adviser of his sable
Majesty. It is, in truth, legalized piracy ; full of
danger to nations with rich cargoes afloat, and a
powerful weapon in the hands of an inland against
a sea-fearing people. The advice tendered by
some journalists to the United States, to allow the
precedent to stand, that England may hereafter be
repaid in her own coin, is grounded on the error that
the game is in the hands'of the United States alone.
Why, there is not a chief in Madagascar who might
not play it, if he could raise half a million of dollars,
Mr. JOHNSON goes on to point out the folly of the
assertion of " Historicus," that abolishing the cap-
ture at sea of private property would, by lessening
the horrors of war in that degree, increase its pro-
bability. His Excellency gave a graphic picture of
what those horrors were, and he considers the duty
of statesmen to lie in mitigating, not in increasing,
them. His opinion is that private property upon
the ocean should be exempt from attack. When the
Alabama Convention, supposing the Senate to throw
out that now before it, is again brought up, it should
come accompanied by some such broad international
law. This is the only possible way for extracting
any good from this otherwise unmixed evil ; and if
it thus ends it will be cheap for England at the
cost of a few millions, and not dear for the United
States at the price of a temporary check to ber
ocean carrying trade. It has, there is reason to
believe, been decided to send Mr. HORACE GREELEY
to England, in succession to Mr. REVERDY JOHN-
SON, and with his views of the Convention before
his countrymen his mission can scarcely miss being
a failure, if a new Convention to settle these
claims be the chief object. The Tribune has led
in opposition to the Convention ; the 7ribune has
most consistently denounced MrJoHNsoN's after din-
ner speeches. Although it is one thing to write leaders
for a newspaper, and another' to discuss with an
Executive the terms of a treaty, yet Mr. GREELEY,
supposing he really be, as announced, selected for
the appointment, will find himself, when in Eng-
land, hampered at every turn. There are two
means of escape only from this difficulty ; that the
Senate, notwithstanding present appearances, should
accept the Convention ; or, that Mr. GREELEY,
who would like to be associated with some broad
measure of philanthropy, would secure the intro-
duction of the principle into internal law that pri-
vate property at sea should henceforth be exempt
from capture, and Americans throw in the settle-
ment of the Alabama claims as a guarantee of the
good faith with which they adopt the principle.—
Anglo-American Times.

MONEY AND BUSINESS.

(From the Springfield Republican, Feb. 13.)

The eastern money markets are not quite so easy as they
were a week ago, the change being due to the very large
demand for loans, as the aggregate loans of the banks of
New York and Boston are unusually light. The Bosto
banks report their loans at $104,342,425, the highest point
ever reached, on a capital of $13,650,000, and at the same
time individual deposits are down to $39,623,887. A year
ago the loans were down to $97,973,916, while the deposits
were up to $42,752,067. The rates of interest in Boston
remain at 7 per cent, for the best double names, or single
signatures with Government securities or other first-class
pledges as collateral. In New York the banks are gene-
rally obtaining 7 per cent. for call loans. The banks hav-
ing Southern connections are remitting large amounts to
that section, more than offsetting the receipts from the west.
In discounting operations there is no change ; the banks
are taking little paper except from regular custmers. At
Chicago there is en increased demand for loans, which
is mostly speculative, as the money has gone into provi-
sions and grain, in anticipation of continued advances in
the prices of those commodities. The New York Stock
Market, during most of the past week, has been unsettled
and feverish, the weight of one or two declining stocks
having repressed speculative enthusiasm and carried
down nearly the whole line of stocks along with it. Pacific
Mail has fallen most heavily. A short time ago it sold at
121, but on Tuesday it brought only 112, since when it
has partially rallied. The bulls say that it has touched
bottom, the company having decided to retire about 50,000
shares. Ou the other hand the bears assort that during

the past year the company earned $125,000 less and spent
$266,000 more than in 1857, which state of things precludes
a dividend. The advance in express stocks is pretty well
maintained, in spite of general fluctuations. Erie is still
an outcast from the regular boards, and a proposition to
allow it to be called at the mining board has been voted
down by a decided majority. The now Erie board is not
yet in
running order, and it is now announced that Mr.
Fisk is disposed to forsake the enterprise. The decision
of the New York Central suit confirms the issue of the
dividend certificates, but forbids the payment of dividends
upon them. The stock at first fell off to 160, but af;,er -
wards rallied when its full effect was more generally can-
vassed. The examination going on in regard to the
$lOO,OOO bonds of the Pacific Railroad, pledged by the
company for a loan of $90,000, and which have been
sold by the collusion of parties affecting the loan,
shows a bad state of morals with certain classes of
brokers, and the runners for brokers. These bonds,
which were worth 102, were sold under the market
prices within three days after the law was made.
The past year has been one of great prosperity to
the railroads of the West. A list of earnings of fif-
teen of these roads shows that the receipts for 1868
were $76,143,220 against $71,444,045 in 1867. A large
portion of this increase has been over roads running
through newly settled country. The Chicago and North-
western, for instance, shows an increase of $1,717,286, in-
dicating the profit which is flowing to the company from
the new country developed by it. The Michigan Central
Railroad earned $384,119 in January against $343,316
last year ; the Milwaukio and St. Paul, $454,130 against
$369,228. Because the directors of the Boston and Albany
Railroad were authorized, at the annual meeting of the
company, this week, to issue new stook for the purpose
of Paying -the- English 5 per cent. loan of £250,000, it
does not follow, as some suppose, that they will do
so at once, though the step will doubtless be taken in
the course of the year. The loan can be terminated
at six months' notice. The income of the Vermont
and Massachusetts Railroad in the. year ending with
last November was $508,097 ; expenses $503,097 ;
debt of the company, $553,263 ; assets, $125,651. Out
of the net earnings a dividend of $2 per share and
the annual sinking fund instalment have been paid,
leaving a small surplus for the future wants of the road.
Gold has been rather weak, though no marked decline in
price has taken place. The gold receipts at New York in
January were $2,031,814, of which $1,810,536 was from
California, white the exports were $3,211,380—a loss of
$1,182,566. The firtntess in Government Bonds has con-
tinued and increased, and they have advanced in London
and Frankfort as well as in Anierici.n markets. The Five-
Twenties touched 77i in London, Wednesday—the
highest they have ever been in Europe ; and there has
never been a larger demand for shipment than there
is at present. This condition of things is inducing
purchases in New York by financial institutions,
which 11 we been prevailed upon heretofore by bear.
operators to postpone buying, in expectation of
lower prices; and the amounts bought have been
very heavy. The market has been stimulated
by the pree,pect that the liooDer cleshrs.the'prezeut

6 per cent. loans, will become a law before the end of this
session of Congress. The movements of cotton continue
to show diminished receipts, whilst the coastwise and
overland arrivals at New York continue liberal. The do-
crease in receipts is 23.500 bales from the corresponding
week in 1868, 15,000 below that of last week, and 11,000
below the previous week. The total receipts at all the
ports and overland since September 1, 1868, are 1,665,667
bales, against 1,459,711 bales last year, an excess of
205,966 bales. The exports for the same period have been
697,287 bales, against 805,097, a decrease of 107,810 bales.
The stocks on the sth February were 387,752 bales, against
366,75$ at the same period in Iq6B. The present price of
cotton is encouraging for heavier receipts. The general
firmness of the cotton market hero and abroad has stiffened
the goods market, but there is no material change in prices
from one week ago. Bleached and brown muslins have
been in fair demand at full prices. Prints, particularly
seasonable goods, have been in good request. Ginghams
have also sold freely at satisfactory prices. Woollen goods
are quiet but firm, and imported goods steady under a mo-
derate demand. The exports from New York (exclusive
of specie) for the week and year are 82,660,313 and
$17,437,506; last year, $2,678,180 and $19,256,863. The
tendency of breadstu ff s is upward, and prices are advancing
somewhat at Chicago in the face of a gradual accumulation
of grain at that centre. It is likely that by the opening
of navigation there will be between 4,000,000 and 5,000,000
bushels in store in that city. Provisions are especially
active and mess pork is going up steadily and rapidly.
The packing season has about closed. The number of
hogs packed in the West will be about 350,000 less than
last year, while the average weight and yield of lard will
remain the same. In Chicago about 575,000 will be packed
this seas.in, a decrease of nearly 200,000 from last year.
This difference is strongly affecting the market. The
Cambridge and Brighton cattle markets have been rather
lifeless this week. There were no changes of consequence
in the prices at the former place, but ut Brighton there
was a reduction of lc. per pound upon poor to medium
grades. Most of the cattle were common, and the few
really fine steers in market wera sold at unreduced prices.
The supply of cattle at the two markets was 1,680 head, or
about 700 less than last week. Seed leaf tobacco has been
in fair request in New Yonk, although trade has been re-
stricted by the scarcity of desirable descriptions. The
latest quotations of Connecticut and Massachusetts are :
Fillers 8 to 121 c., wrappers (lots) 18 to 45c., fine wrappers
50 to 65c. The wool market has been inactive, but holders
aro firm in their demands for full prices for all grades. In
the New Bedford oil market sparra is firal at $2 par
gallon, and whale sells at $1.20. There has been great
speculative excitement in the whalebone market. The
stock at New York is very small, and it is reported that
all the whalebone in Europe has been bought up. The
price has advanced from 84c per poun I in gold to 81.

(From the Wall-street Journal)
FRIDAY EVENING, Feb. 12.

Money in call is in plentiful supply at 6 to 7 per cent, on
stock collaterals and at 5 per cent. on Governments. For
commercial paper there is an increased demand, especially
from the Eastern Banks, and discounts are readily obtain-
able at 7 to 8 per cent. on good names. (lON ernment Bonds
are active and firm, at higher prices, the demand from
Europe continuing to improve, confidence in U.S. Securi-
ties increasing all the time.

Fort Wayne
Pacific Mail ll3
Atlantic Mail
Quicksilver
W. U. Telegraph
Mariposa Preferred
Ohio and Mississippi 351
Boston Water Power l5l
Cumberland
Bankers and Brokers lO9
M & St. Paul
M & St. Paul Preferred 79f
,R RAILROAD MORTGAGES.

RAILROAD AND MISCELLANEOUS STOCKS.
N. Y. Central 164!
Erie
Hudson ..
Reading
Mich. South. &N. I 931
Illinois Central
Cleveland & Pittsbrg 92
North-West
North-West Preferred 92
Canton 631
Rock Island
Jleveland and Toledo 105

Chi. & N. W. Ist M 92
Tol. & Wab. Ist M Ex 941
Gt. 'Western IstM 'BB B9
Mil. & Per. du Ch. Ist M
& Chic. Ext 97
Gal. & Chic. 2d M 95
Chi. & R. I. Ist M 1001
Chi. IL I. & Pacific 7's 94f
Cleve. & Tol. S. Fund 99
N. J. Central Ist M 99
N J. Central 2d M 101
Pitts. Ft,W., & Ch. Ist M —
Pitts. Ft. W., & 011.2 d M —
Pitts. Ft. W. &Ch.3d M —
Clove. & Pitts. 2d M 931
Chic. & Alton, S. F. Inc.
Chic. &Alton, S.F. lstM. 92
Mil. & St. Psul Ist M 9ll
Mil. & St. Paul 2d M 9l
Marietta & Cin. let M —
Morris & Essex Ist M 971
Morris & Essex 2d M B9
Joilet & Chic. Ist M —
Chi. & Gt. East'n lstM Bsi
N. Y. &N. II 6s

CLOSING QUOTATIONS
N. Y.iCentral 6s, 1883 91
N. Y. Central 6; 1887
N. Y.. Central 6; R Est 87
N. Y. Central 6; Sub'n 87
N. Y. Central 75,'1876 102
N. Y. Cen. 7; con. 76
N. Y. Cen. 7; '65-'76 ;
Erie Ist Mort, Ex 1011
Erie 7; 2d Mort, 1879 100
Erie 7s, 3d Mort, 1883 921
Erie 7s, 4th Mort, 1880 88
Erie 7s, sth Mort, 1888 •
Long Dock Bonds
Buff.N.Y. &E.lstM, '77 B9
Hud. R. 7s, Ist M, '69 991
Hud. R. 7s, 8d M, '75 —
Harlem let M, '6B '72_1011
Mich. C. Ist M, 69'72 ll9
Mich. new let M Bs, 'B2 1191
Mich. So., 7 p. c. 2d M 93
N. Ind. Goshen Line '6B
Mich.S.&N.l.S.F'd7p.c. 96-1-
111. Cen. 7 p. c, '7O 1154
Alton &T. H. let M 93
Alton &T.H. 2d pfd 821
Alton & T. H. 2d M. Inc. 78
Han.& St.J.LandGrantsloB
Han. & St. J. C0n..,.,,,,, 110
Chi. B. & Q., Ist M 111
('hi. & N. West, S. F B5
Chi. &N. W. Con Cony 941
('hi. & N. W. Ex'n B B5
In Miscellaneous Stocks there is little doing, except in
Pacific Mail, which is heavy at 1121.
Exprvss Stocks are quiet. We quote :
Adams 671 to 671
American ... 471 to 48
Merchants' Union ... 19 to 191
United States ... ... 621 to 621
Wells, Fat go, and Co. ... ... 281 to 29
The shares of the Adams Express Company have keen
registered at the Union Trust Company, and aro now
called at the New York Stock Exchange and open boards.

Dubuque &S.City,lst Al. -
Peninsula Ist M

Ohio & Miss. Ist 11. —
Ohio & Miss. C0n......... 86
Tol. P. W. Ist M. E. D...
Atlantic & G. W. Ist M.

FOREIGN EXCHANGE.
Sixty Days. Three Days.
Londcn Bankers
Lou:. n, Prime Commercial lOB —lO9
Paris, Bankers 5.18 - 5.164 5.141-5.121
Bremen, Bankers
Hamburgh, Bankers 351 -361
Frankfort, O.M 4of —4l
Berlin and Cologne
Antwerp 5.181-5.1.61 ......
Amsterdam, Bankers - 41 ......
Swiss s.lq-5.164 ......
......

Quotations for specie:—
Amer. silver... 961 to 964 I Eng. sovs .... 48 to 483
Mex. dollars...lo3} „ 104 20 francs .......386 „ 387
Eng. silver .....480 , 485 I Thalers ......... i 0 „ 71
Five francs 95i 7, 961 I

Foreign Exchange is weak, and to-day is lower. Rail-
Road Stocks are emphatically dull, with great complaints
from the brukers of the scarcity of outside orders.

(From the New York Tribune.)
FRIDAY EVENING, Feb. 12.
Government Bonds continue the feature of the market.
Continued heavy orders are received to buy for foreign
account. Private advices from the other side represent
a buoyant feeling in our securities, and report the mar-
kets there as entirely bare of bonds. These statements
are verified by the orders now being received here to
purchase ; • they aro without limit as to price or as to
the class of bonds to be shipped ; as there are but few 625,
645, or 65s to be had, brokers have taken large amounts
of 675, as being the only bonds of which any large
amounts can be procured. One foreign house bid for
$3,000,000 old 655, at an advance over the market price,
without obtaining any bonds. The Germans for the past
year have invested largely in Italian loans, which have
proved very unprofitable, while their investments in
American securities have paid them large interest, and the
bonds have steadily advanced in price. This, added to the
growing conviction abroad as well as at home, that our
debt will be paid in gold has sthnulated a larger demand
than was ever known in the market, not excepting the
rush for bands for summer.

THE PUBLIC DEBT OF THE UNITED STATES.
SECRETARY WC ULLOCH'S MONTHLY STATEMENT.
The following is the official statement of the public
debt of the United States, on the Ist day of February,
1869.

DEBT BEARING COIN INTEREST.
5 per Cent. Bonds 5221,589,300 00
6 per Cent. Bonds of 1881 283,677,400 00
6 per Cont. 5-20 Bonds 1,602,583,350 00

Total 52,107,850,050 00
DEBT BEARING CURRENCY INTEREST.
3 per Cent. Certificates 557,410,000 00
Navy Pension Fund at 3 per cent 14,000,000 00

Total
MATURED DEBT NOT PRESENTED FOR PAYMENT.
3-year Seven-Thirty Notes, due Aug.
1,1867, June and July 15, 1868
Compound Interest Notes matured June
10, July 15, Aug. 15, Oct. 15, and Dec.
15, 1867, and May 15, and Aug. 1, Sept.
1 and 15, and Oct. 1, 16, 1868 3,599,170 00
"--

Jonds of Texas Indemnity 256,000 00
Treasury Notes, Acts of July 17, 1861,
and prior thereto
Bonds of April 15, 1842, Jan. 28, 1847,
and March 31, 1848
Treasury Notes, March 3, 1863
Temporary Loan
Certificates of Indebtedness 13,000 00

Total 56,910,936 00
DEBT BEARING NO INTEREST.
U.S. notes
• •
Fractional currency
Gold certificates
Total.. 5124,191,720 00

Grand total
Six per Cent: Lawful Money—Bonds
issued to Pacific Railroad Company 52,017,000, 00

Total debt
Coin
Currency

$2,662,379,707 00
AMOUNT IN TREASURY:
$88,732,716 00
16,441,332 00

$106,174,049 00
Total in Treasury

Amount of debt less cash iu Treasury-62,556,205,658 00
The foregoing is a correct statement of the Public Debt,
as appears from the books and Treasurer's returns in the
Department on the let of February, 1869.
HUGH MCCULLOCH',
Secretary of the Treasury.

According to this statement, the debt bearing coin in-
terest has increased $14,700, and that bearing currency
interest 03,i6;000. The outstanding matured debt has

decreased $552,567. The debt bearing no interest II

increased $6,918,911. 90; making a net increase on the
whole of $9,846,044 90. The coin in the Treasury is
$10,030,652 47 less than at the time of the last statement,
and the currency $4,378,240 54 more; making a net de-
crease on the whole of $5,652,411 93. The debt less cash
in the Treasury is $15,498,456 83 greater than on the Ist
of. January.

We annex the statements for December, 1868, and
January, 1869 :

DEBT BEARING COIN INTEREST.
Dec. Jan.
'Five per cent. bonds $221,588,400 00 $221,589,300 00
Six per ct bds of 'Bl 283,677,300 00 283,677,400 00
Six per ct 5-20 bds 1,602,270,400 00 1,602,568,650 00

Total 52,107,836,100 00 $2,107,835,350 0'
DEB l' BEARING CURRENCY INTEREST.
Three per Cent. Cer-
tificates
Navy pension fund 11,030,000 00 11,000,000 00

Total
$72,140,000 00 109,865,000 00
MATURED DEBT NOT PRESENTED FOR PAYMENT.
Matured debt not pre-
sented for payrn't $8,245,883 00 87,463,503 6i

DEBT BEARING NO INTEREST. -
Unitol States Notes $356,021,073 00 $356,021,073 00
Fractional Currency 31.875,268 00 31,`115,715 64
Gold Certificates 23,255,810 00 27,036,020 00
Total
Grand total $2,601,374,1G1 0052,602,433,662 23
Six per cent. lawful
•
money, bonds issued
to Pacific Railroad
Companies

---
Total debt 52,615,711,164 0052,652,L83,662 28
- AMOUNT IN TREASURY.
Coin in hand
Currency in hand 18,253,946 00 13,063,092 12

Total cash in Treasury 6106,679,320 00 5111,826,461 03

Amount of debt, less
cash in Treasury ... $2,539,021,840082,5,10,707,201. 25
lluou M'CuLLocir, Secretary of the Treasury

MADE AND FINANCE.

LONDON, SATURDAY ETENUM
The principal feature of the week in the financial world
is the announcement of the long-delayed Turkish loan:-W
five millions sterling. From Paris we learn that the
Sociaie Gdnerale will open subscriptions for 124,000 obli.
gations at 400 francs, bearing 30 francs interest, to be: re.
imbursed at 500 francs, in four dividings. The loan 13
calculated to yield,l4 per cent. This loan has been ill
the hands of the &clad Unerale for so long a period e.
twelve months, but it must be understood to be quite
distinct from the large loan for the construction
of railways in Turkey, which has been talkl•
of for an even longer time. The loan V.
be introduced simultaneously in Paris, Fran
fort, Amsterdam, Constantinople, and London.,
There is very little doubt of its success, as the naturti%
the stock offers a most tempting bait to speculator& e
are not in a position as yet to give an opinion as to the vaano
of the security offered, or as to the chances of the redemPtrd
of the loan being carried out. It must be borne in
that Turkey has so far fulfilled her obligations, altholle:
most frequently compelled to renew the loans, or to obtt.n;
moneys under advance for the payment of interest. 1.%
country labours under a heavy debt, which promises gre
further to increase, and it is not likely to see any redfieti°,,
until the present inert Government is displaced. There gri
some favourable features in the case, however. Turkey
is exceptionally free from direct, and even indirect, tag.‘s
tion, and a large and legitimate source of revenue
open in this direction, which may stand the country iD
good stead in time of need.
As much discussion—though of quite a harmiel
character—has arisen in the French press on die subiee
of the refusal of the Belgian Government to allow the lease
of the Great Luxembourg Railway to the Eastern of Fra°l
Company, it may be as well to state that the agree
was entered into reciprocally, in the belief that wine
benefit would be the result. Without entering into t
political aspect of the affair, it will be at once seen tngst
the Belgian Government has done an injury to the Greg
Luxembourg Company from a financial point of . ve"
which they should -hasten to repair.
Trade has continued dull. Great depression exists i°
the Lancashire districts, and many failures have taken vitals
among the smaller spinners. it is even believed t
the misfortunes will not stop here, and ugly rumours °.--6
Tiler abroad as to a great collapse in the trade generally. 0
is no doubt that the tra,le is in a very shaky condition; .0
manufacturers have for some time past been compellctl.'s.
go into stock at prices which cannot but result in 1,("e
Many of the mills are only working from four to five Qie"
per week.
The public sales of colonial wool commenced on Thursa%
last. There was a good attendance of buyers,
In me and foreign ; and owing to the high Pri' 0
current for cotton, there was considerable aniinat,llo
in the biddings. The quality of many of be
parcels brought forward, however, was inferior, and ';es
advance in prices which took place in the last eerie
not maintaked. Good and greasy wools were El". rsty
pound el e.ti er. We have often insisted on the necess.he
of the bestowing inure attention and care i„„rn
preparation of their produce • diarket.
they do so, prices will continue to fl ictuate 1° es
serious extent on tliis side, thereby rendering speculate) in
in wool unsafe. The quality of the staple itself is
..t
many cases deterioratit,g annually, owing to the gr7a
vicissitudes of heat and cold, an I the avant of pasture g,7%,
water which the flocks had occasion a ly to undergo.
..10
prevent this, fresh importations cf blood rains will fruo
time to time be necessary ; and it is for the colonists
consider whether the prospects of the trade arc suffiely
to justify the expense of such importations.
We notice with regret that some of the Anstreill
banki have latterly been shipping wool on their
account. By so doing they have departed from the leg' A
mate course of their business, and, we should be inelingto
to believe, have ,violated their charters. The banks Oa
assumed responsibilities which the shareholders nev-ef
dreamed of, and that, too, at a time when the necessities
adhering to the essential principles of business has "4-et
most forcibly demonstrated. It is understood that 0" as
banks most strongly oppose the measure, and it is no;
hoped that the protests so strongly urged against tto
will induce the offending institutions not to repeat
eneration.

POSTAL BUSINESS OF NEW YORK.—In the
Mat
three months of 1868 the number of letters despatched
New York t) European countries was as annexed :—Gre:
Britain, 529,446; French, 189,900; Bremen and Ilawburoo
269,999 ; North German Confederacy, 131,343 ; Be•g101t
9,434; Netherlands, 14,621; Switzerland, 22,598; g-ft
Italy, 11,761 ; total, 1,179,102. The postage receiVad4o
these letters was $151,525 ($65,972 Great Britain).
number of letters received at New York from EaroPea:
countries in the lest three months of 1868 was as annele
tie
Great Britain, 464,584; French, 151,705 ; Bremen 795;
Hamburg, 203168 ; North German Confederacy, 14308,
Belgium, 8,113 ; Netherlands, 11,322 ; Switzerland, 3i, ted
Italy, 14,710 ; total, 1,019,105. These letters repress°
a postage of $131,248 ($54,517 Great Britain). dieg
In New York the contributions of the lee „st
Episcopal Churches for various purposes during the iB3;
year were as follows :—St. George's and chapels, s2„', 996;
Trinity and its chapels, $108,233 ; Zion Church, s°."aell
Calvary, $20,844 ; Christ, $20,126 ; Grace, $19,183;
Trinity, $35,893 ; Incarnation, $42,000 • St. I'l bout
$12,666; Transfiguration, $18,087. As there are a re,
70 Episcopil Churches in New York, however, these
turns comprised but a small proportion.
d 0 Wiii;
ADTERTISEMENT.I Holloway's Pills.—'.Mankind Th-
laid on all sides by the causes of disease at all seasons:
winter, unless carefully guarded against, is a peceanv
meter of mischief in the human system. This mediciaens of
centrates in a surprising manner all the artificial Meanitoel
purifying, regulating, and strengthening tle a.oved
powers. Holloway's pills have for many years saiolelo
the most extensive patrona;e, and have had testiniaraise.
awarded to them which speaks volumes in their Peffest
In many cases these pills seem to exercise a spec% feel'
over diseases, which is manifested by the comfortab
ings of the patient, and by the improvement in the %gee'
ter of all the secretions. The pills act mildly yet
tively on the bowels.
erfe4s4
[ADVERTISEMENT I—Consumption, and all bilious, a oats,
stomach,and liver complaints in every stage are only aggr,fectb'
and accelerated by drugs of every description, but Pe'voocici
curable by Du Barry's health-restoring Revalenta Ara ere
as proved by thousands of cases which had been cour
hopeless; such as indigestion (dyspepsia), cough, astbiti:o.lige:
gumption, habitual constipation, diarrhoea, all gastric "`lioes''
ments, heeraorrhoids, liver complaints, flatulency, narl„°lo, 1„13-
biliousness,. fevers, sore throats, diphtheria, catarrhs, c",iQlp
fluenza, noises in the head and ears, rheumatism, Vti,"ssuss'
rities, eruptions, hysteria, neuralgia, irritability, sleePedropi
acidity, palpitation, heartburn, headache, debility, or
cramps, spasms, nausea and sickness, even in pregnaue'r 005:
sea, sinking fits, bronchitis, scrofula, tightness of t.h,e 0, &t,
pains at the pit of the stomach, and between the shccluejarri ;
We quote a few.—The Pope's health restored by
Food. Cure No 69,413.—" Rome, July 21, 1866.—The hexl. 9; all
the Holy Father is excellent, especially since, abando 4:1.111
other remedies, ho has confined himself entirely to Du „lawn
Revalenta Arabica Food, of which he consumes aberuelic,lo
at every meal. It has pro laced a surprisingly ti•!-
effect on his health, and his Holiness cannot 131:,, OA
excellent food too highly." From the "Gazette ab'er roe'_
s,
July 25. Cure No. 46,270. Mr. James Roberts, tini d
chant, of Frimley, Surrey, of thirty years' disea.??„faess.„r
spitting of blood, liver derangement, and partial au::ont_ni
Cure No. 1,771. Lord Stuart de Decies, Lord partials
F 00:,
Waterford, of many years' dyspepsia.—No. 49110;v0000
years' indescribable agony from dyspepsia, ~,kness
asthma, cough, constipation, flatulency, spasms, '' f the:l,ot
gag
vomiting.—MariaJoly: ImportantCaution.—Beware,%,
unsavoury and more than sloppy imitations to wh'eattectie
authority, Baron Liebig's name is most audaciously
In tins, at Is. 14d.; 1 lb. 2s. tgcl.: 2 lbs. 4s. 6d.; 5 lbs. 122; bilOri,,'4
225. ; z 4 lbs, 40s, —Also Du BARRY's REVALENTA A.RA!!7O.,
LATE POWDER is packed in tin canisters; for 12 cups 576 clip
cups at 3s. 6d., for 48 cups at 65., for 288 cups at 305., fol 550. LA
at 55s.—being about one penny per cup. The 300. a,„,t
are sent free of carriage in England on receipt of Peet,
Order. BARRY DO BARRY and Co., No. 77, Began"
don; and all Grocers and Chemists.

Births.
PEEL—On the 25th inst., at 70, Eaton-,

Baca, the wi" of

Arthur W. Peel, Esq., M.P., of a daughter• e tb•
RITCHIE—On the 24th inst., at Shirley House,
wife of Henry Ritchie, Esq., of a daughter.

Marriages.
HALL-REEVE---On the 23d et Richmond, SorreY't to
Rev. Joseph Hall, M.A., rector of Knockholt, N:Zgo
Elizabeth, daughter of the late Sir Thomas N. -"-
of Richmond. jet
WILLcox-DOWERS-On the 22d in st , at St. Loll°'"A oath
sey, Rear Admiral J. Willcox C.B ,• to Elizabeth s'
daughter of the late Captain Power's, R.N.
Death& ribitTle°
BALDWIN—On the 18th inst , Sussex-gardens, '-
.13ahlwin, Esq., aged 95. • , g 5 Ser
HATTON—On the 24th inst , at his residence, 1/217
street, Strand, Frederick• Hat ton, solicitor, a geuc
INGRAM -On the 25th inst ,at Hoar-cross Hat
,"- 5.
shire, Hugo Charles Mey'nell Ingram, Esq., llgCs-81ifterl'
KELLY-On the 23d inst., at Langford-Souse,`-"
Captain Kelly, R.N., age7o.

4
• o,lg
London : Printed and Pabliehed by WILLId% AN%O
of No. 112, Strand, Printer, at 'fro SUN Oinel',.;ool
Strand, in ties Sr) e Precinct of the So voy, in ale -11
Mickligiost-0344a1ay, March 1, W.