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

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

THE MEMBER FOR MARYLEBON'E.

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 ia Philadelphia, not in New York, it
has a short connection via Camden. and Amboy line
to the latter city, while all Pennsylvania is its own
ground. Philadelphia, as a port, has many advan-
tages for the trans-Continental traffic. It is
clear that Mr. THO3ISON 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 Eric
has just terminated in favour of the Pennsylvania
Central. The Erie, having control of the Atlaatic and
Great Western, endeavoured to secure 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. Louis,
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 $400,000 for dividends.
Bus 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 Europe 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 Cin-
cinnati, 120 miles long ; the Cincinnati and In-
dianapolis liue 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
Yo: Is will run over the Pennsylvania lines from
Cambridge City, 135 miles west of Columbus. The
correspondent of the Times saysthattheconsummate
skill of CORNELIUS VANDERBILT makes him by far the
ablest of the three rival railway presidents, and may
finally give leisroad 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
football with their stock in
Central were playing.
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-
plus earnings in making the best roadways, and has
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 ip the re-
markable evidence of JAY Go OLD, before the Legis-
lature of New York.

General GRANT had seen too much of war to desire
I another drop of blood to he spilt. In his letter to
the Convention, by which he was nominated as
their candidate on the 29th uf May, 1868, h. said.
We want peace, and universal prosperity, its
sequence ;' and he closes that letter by repeating,
Let.us have peace.' That peace, as far as de-
pended upon General GRANT, we might he 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 ports 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 intional 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
k 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 her
ocean carrying trade. It has, there is reason to
believe, been decided to send Mr. HORACE GREELEY
to England, in succession to Mr. REVERDY JORN-
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 7 ribune 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-A nterican Times.

MONEY AAD BUSINESS.

(From the Spring fiqd Republican,. Feb. 13.)

The eastern money markets aro not quite so easy as they
were a week ago, the change being due to the very large
demand for leans, 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 $13,850,000, 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
aro taking little paper except from regular customers. At
Chicago there is an increased demand for loans, which
is mostly speculative, as the money has gone into provi-
sions and grain, in anticipation of coutinuod 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 falle4 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. On the other hand the bears assert that during
the paSt year the company earned $125,000 less and spent
$266,000 more than in 1807, 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 alLer •
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 ono 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 $71,441,015 in 1867. A largo
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
$3'i9,228. Because the directors of the Boston and Albany
Railroad were authorized, at the annual meeting of the
company, this week, to issue new stock 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 i❑
January were $2,031,814, of which $1,810,536 was from
California, while the exports were $3,214,380—a loss of
$1,182,566. The firmness iu Government Bonds has con-
tinued and increased, and they have advanced in London
and Frankfort as well as in Atnerici.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 Now York by financial institutions,
Which have 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 prospect that the Hooper Bill, closing the present '

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 de-
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
366,752 at the same period in IS6B. The present price of
cotton is encouraging for heavier receipts. The general
firmness of the cotton market here 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
aro 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 $2,660,313 and
$17,437,506; last year, $2,678,180 and $19,256,863, The
tendency of breadstuffs is upward, and prices aro 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 espeaially
active and Incas pork is going up steadily and rapidly.
Tho packing season has about closed. Tho 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 season, 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 at Brighton there
was a reduction of F. 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 14-c., wrappers (lots) 18 to 45c., fine wrappers
50 to 65c. The wool market has been inactive, but holders
are firm in their demands for full prices for all grades. In
the New Bedford oil market sp3rm is firm at $2 per
gallon, and, whale sells at $1.20. There has been great
speculative excitement in the whalebone market. Tho
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 pouni in gold to $l.

(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. Goc 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.

RAILROAD AND MISCELLANEOUS STOCKS.
N. Y. Central 1641 Fort Wayne
Erie
Hudson
Reading
Mich. South. &N. 1.... 931 W. U. Telegraph
Illinois Central
Cleveland & Pittsbrg 92 Ohio and Mississippi... 351
North-West
North-West Preferred 92 Cumberland
Canton 631 Bankers and Brokers... 109
Rock Island
Cleveland and Toledo 105 IM & St. Paul. Preferred 791
CLOSING QUOTATIONS FOR RAILROAD MORTGAGES.
N. Y4Central 6s, 1883.- 91 Chi. &N. W. Ist 31 92
N. Y. Central 6s, 1887... Tol. & Wab. Ist 3.1 Ex 941
N. Y. Central 6s, R Est.. 87 Gt. Western lstM 'BB B9
N. Y. Central 6s, Sub'n.. 87 Mil. & Pr. du Ch. Ist M —
N. Y. Central 75,,1876-102 Gal. & Chic. Eat 97
N. Y. Cen. 7s, con. 76 ... Gal. & Chic. 2d M 95
N. Y. Cen. 7s, '65-'76 ... Chi. &R. I. Ist M 1001
Erie Ist Mort Ex 1011 Chi. R. I. & Pacific 7'5... 941
Erie 75, 2d Mort, 1879 100 Cleve. & Tol. S. Fund... 99
Erie 7s, 3d Mort, 1883._ 92i N. J. Central Ist M 99
Erie 78, 4th Mort, 1880... 88 N. J. Central 2d 31 101
Erie 7s, sth Mort, 1888... Pitts. Ft,W., & Cb.lst M —
Long Dock Bonds
Buff. N.Y. &E. Ist M, '77 B9 Pitts. Ft. W. & Ch. 3d M.
Hurl. R. 7s, Ist 31, '69 991 Cleve. & Pitts. 2d M ... 931
Hud., R. 7s, 3d M, '75 — Chic. & Alton, S. F. Inc.
Harlem Ist M, '6B '72 1011 Chic. &Alton, S. F. lstM. 92
Mich. C. Ist 31, 69'72.,,119 Mil. & St. Paul Ist 31... 911
Mich. new Ist M Bs, 'B2 1191 Mil. & St. Paul 2d M... 9.1
Mich. So., 7p.c.2d M 93 Marietta & Gin. Ist M...
N. Ind. Goshen Line '6B Morris & Essex Ist M... 971
Mich.S.&N.l.S.F'd7p.c. 961 Morris & Essex 2d 31... 89
111. Cen. 7p. c,'7o 115 Joilet & Chic. Ist M...
Alton &T. H. I.Ft M
Alton &T.H. 2d pfd
Alton &T.H.2d M. Inc. 78 Dubuque &S. City,lst M -
Han.&St.J.LandGrantsloB Peninsula Ist 3.1 —
Ran. & St. J. Con 110 Ohio & Miss. Ist 31. —
Chi. B. & Q., Ist M 111 Ohio & Miss. Con B6
Chi. &N. West, S. F.... 8.5 Tol. P. W. Ist M. E. D —
Chi. &N. W. Con Cony. 941 Atlantic &G. W. Ist M —
('hi. & N. W. Ex'n 8.... 85

In Miscellaneous Stocks there is little doing, except in
Pacific Mail, which is heavy at 112.
Expr,ss Stocks are quiet. We quote :
Adams ... 67-} to 671
American .„ 47i to 48
Merchants' Union 19 to 191
United States ... 6241- to G2f
Wells, Fargo, and Co. ... 24 to 29
The shares of the Adams Express Company have Eeen
registered at the Union Trust Company, and are now
called at the New York Stock Exchange and open boards.

FOREIGN EXCHANGE.
Sixty Days. Three Days.
London Bankers
Loa. n, Prime Commercial lOBl-109
Paris, Bankers 5.181_5.16-I 5.141-5.121
an,Bankers 781 79

.
Bremen, Ban.-
i
Ifamburgh, Bankers 35 —361
Frankfort, OM 404-41
Berlin and Cologne
Antwerp 5.181-5.161
Amsterdam, Bankers ..
Swiss
_

Quotations for specie :
Amer. silver... 96/ to 96k I Eng. sous 486 to 489
Mex. d011ar5...1031 „ 104. 20 francs 385 , 387
Eng. silver .....480 , 480 I Thalers 7Ol 71
Five francs 95i ?, 96} i
Foreign Exchange is weak, and to-day is lower. Rail-
Road Stocks are emphatically dull, with great complaints
from the brokers 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
aro verified by the orders now being received here to
purchase ; they are 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 largo 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 stimulated a larger demand
than was ever known in the market, not excepting the
rush for bonds for summer.

TUE PUBLIC DEBT OF THE UNITED STATES.
SECRETARY M'CULLOCH'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 Cent. 5-20 Builds 1,602,583,350 00

Total 62,107,850,050 00
DEBT BEARING C URILENC Y INTEREST.
3 per Cant. Certificates 557,410,000 00
Navy Pension Fund at 3 per cent 14,000,000 00

---
Total ... 571,410,000 00
MATURED DEBT NOT PRESENTED FOR PAYMENT.
3-year Seven-Thirty Notes, due Aug.
1, 1867, Juilo and July 15, 1868
Compound Interest Notes matured Juno
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'
Bonds 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 445,492 00
Temporary Loan
Certificates of Indebtedness 13,000 00

Tot•il 56,910,936 00
DEBT BEARING NO INTEREST.
U.S. notes
Fractional currency
Gold certificates
Total ..

Grand total
Six por 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

Total in Treasury

$106,174,049 00

Amount of debt less cash in Trea5ury...52,556,205,658 00
The foregoing is a correct statement of tho Public Debt,
as appears from the books and Treasurer's returns in the
Department on the Ist of February, 1869.

HUGH McCi;LLocu,
Sccretary of the Treasury.

According to this statement, the debt bearing coin in-
terest has increased $1.4,700, and that bearing currency
interest $3,46,000. The outstanding matured debt has

decreased $552,567. The debt bearing no interest- h- ,
increased $6,918,911 90; making a net increase on the
whole of $9,846,044 90. Tho coin in the Treasury is
$10,030,652 47 less than at the time of the last statenvnt,
and the currency $4,378,240 54 more ; makiug 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, IE6B, end
January, 1869:

DEBT BEARING COIN INTEREST.
Dec.' Jan. ~,u'
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 Oa
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 00
DEB V BEARING CURRENCY INTEREST.
Three per Cent. Cer-
tificates
Navy pension fund 14,030,000 00 11,000,000 00

Tot:►l
MATURED DEBT NOT PRESENTED FOR PAYMENT.
Matured debt not Pre-
sented fur paynft $8,245,883 00 $7,463,503 61

DEBT BEARING NO INTEREST.
United States Notes 5356,021,073 00 $356,021,073 00:
Fractional Currency 31.875,268 00 31,215,715 64'
Gold Certificates 23,255,810 00 27,036,020 00:
Total • $113,152,181 00 $417,272,808 64
Grand total $2,601,311,161 0082,602,436,662 28_
Six per cent. lawful
money, bands issued
to Pacific Railroad
Companies

---
Total debt 52,645,711,164 0052,652,.583,662 23
AMOUNT IN TREASURY.
Coin in band
Currency in hand 18,253,946 00 13,063,092 12-

Total cash in Treasury $106,679,320 00 $111,826,461 03

Amount of debt, less
cash in Treasury $2,539,021,8440052,540,707,201 2a
HUGH MICULLOCH, Secretary of the Treasury.

7RADE AND FINANCE.

•
LONDON, SATURDAY EVENING.
The principal feature of the week in the financial world
is the announcement of the long-delayed Turkish loan fa
five millions sterling. From Paris we learn that the
Societi6 Generale will open subscriptions for 124,000 ell.
gations at 400 francs, bearing 30 francs interest,' to be re.
imbursed at 500 francs, in four dividings. The loan 15
calculated to yield 121 per cent. This loan has been
the hands of the Socind G6nerale for so long a period 0-5
twelve months, but it must be understood to be quite
distinct from the large loan for the constructiol
of railways in Turkey, which has been talk,c;
of for an even longer time. The loan willbe introduced simultaneously in Paris, Fran'.
fort, Amsterdam, Constantinople, and Londoe,
There is very little doubt of its success, as the nature.„;::
the stock offers a most tempting bait to speculators. ".
are not in a position as yet to give an opinion as to the valF7
of the security offered, or as to the chances of the redemption
of the loan being carried out. It must be borne in Iniit
that Turkey has so far fulfilled her obligations, although
most frequently compelled to renew the loans, or to obtitie
moneys under advance for the payment of interest.
country labours under a heavy debt, which promises sti
further to increase, and it is not likely to see any reduction_
until the present inert Government is displaced. There are
some favourable features in the case,
_however. Turkey
is exceptionally free from direct, and even indirect, taxa;
tion, and a large and legitimate source of revenue li?
open in this direction, which may stand the country 01
good stead in time of need.
As much discussion—though of quite a Intrudes:
character—has arisen in the French press on he subjec
of the refusal of the Belgian Government to allow the lease
of the Great Luxembourg Railway to the Eastern of Franc;
Company, it may be as well to state that the agreenlelli
was entered into reciprocally, in the belief that nll.
benefit would be the result. Without entering into t t
political aspect of the affair, it will be at once seen that
the Belgian Government has done an injury to the Gre.,,3
Luxembourg Company from a financial point of vier'
which they should hasten to repair.
Trade has continued dull. Great depression exists in
the Lancashire districts, and many failures have taken Plet
among the smaller spinners. It is even believed Oa
the misfortunes will not stop here, and ugly rumours are
abroad as to a great collapse in the trade generally. Tiler:,
is no doubt that the trade is in a very shaky condition,
manufacturers have for some time past been compFlledf.
go into stock at prices which cannot but result in I°':,
Many of the mills are only working from four to five d"
Der week.
The public sales of colonial wool commenced on Thurn '"°g
last. There was a good attendance of buyers,
me and foreign ; and owing to the high PrLF-0
current for coton, there was considerable aniinatrhe
in the bidding!. The quality of many of the
parcels brought forward, however, was inferior, and s
advance in prices which took place in the last series wa,.
not maintained. Good and greasy wools were ,W. V,
pound el ear. er. We have often insisted on the necessig,
of the coleniA4 bestowing more attention and care 11l
ntta
prtp .ration of their produce to: market. u
they do so, prices will continue to fl actuate to,
serious extent on this side, thereby rendering speculatil'a
in wool unsafe. The quality of the staple itself is 't
many cases deteriorating annra,Hy, owingto the gr:a
vicissitudes of heat and cold, 4.11 i th 3 want pasture To
water which the flocks had occasionaly to undergo•
prevent this, fresh importations a blood rains will fro ,
time to time be necessary ; and it is for the colonists t t
consider whether the prospects of the trade are sill,"'ei)
to justify the expense of such importations.
We notice with regret that some of the Anstrantilln
banks have latterly been shipping wool on their 01:-
account. By so doing they have departed from the legit'.
mate course of their business, and, we should be ine
• lineti
to believe, have violated their charters. The banks tli r
assumed responsibilities .which the shareholders nevef
dreamed of, and that, toe, at a time when the necessity' 0
adhering to the essential principles of business has beer
most f brcibly demonstrated. It is understood that othbee
banks most strongly oppose the measure, and it is to
hoped that the protests so strongly urged against We,.
will induce the offending institutions not to repeat to
operation.

POSTAL BUSINESS OF NEW YORK.—In the lao
three ,oaths of 1868 the number of letters despatched frOn:
New York t) European countries was as annexed
Britain, 529,446; French, 189,900; Bremen and Hambuno
269,999; North German Confederacy, 131,343; Belgic
„iTha
9,434 ; Netherlands, 14,621; Switzerland, 22,598 ;
Italy, 11,761; total, 1,179,102. The postage received The
these letters was $151,525 ($65,972 Great Britain).
number of letters received at New York from EuroPeet:i.
countries in the last three months of 1868 was as annex ci
Great Britain, 464,584; French, 151,705; Bremetc„?,
Hamburg, 203168 ; North German Confederacy, 143,,.,1'6:
Belgium, 8,113 ; Netherlands, 11,322 ; Switzerland, 3191,,"
Italy, 14,710 ; total, 1,019,105. These letters represeaw

a postage of $131,248 ($54,517 Great Britain). - • g
In New York the contributions of the lead°
oss t
o
Episcopal Churches for various purposes during 4'03;
year were as follows :—St. George's and chapels, S2l 96;
Trinity and its chapels. 6108,233 ; Zion Church, s3ligoly
Calvary, $20,814; Christ, $20,126 • Grace, 619,183;
_iruis,
Trinity, $35,893 ; Incarnation, '542,000 ; St. lilloot
$12,666; Transfiguration, $18,087. As there are
70 Episcopal Churches in New York, however, these
turns comprised but a small proportion.
lADVERTlSEMExT.l—Holloway'sPills.—Mankindis
svar
laid on all sides by the causes of disease at all seasons' 0-
Pr
winter, unless carefully guarded against, is a peccant
cop-
motor of mischief in the human system. This medicieens of
centrates in a surprising manner all the artificial ince irol
purifying, Y regulating, and strengthening t' al'oyea
powers. Holloway's pills have for many years eei,,;sll§
the most extensive patronao, and have had testiviciso.
awarded to them which speaks volumes in their Prlfeet
In many cases these pills seem to exercise a specific 'reel-
over diseases, which is manifested by the comfortabl2arse-
ings of the patient, and by the improvement in the cuegec-
ter of all the secretions. The pills act mildly yet
tively on the bowels. •
norteg'i
[ADVERTISEMENT 3—Consumption, and all biliouS, rate'
stomach,and liver complaints in every stage are onlyaggiTioctlf
and accelerated by drugs of every description, but Pe Food'
curable by Da Barry's health-restoring Revalenta Arabica.Aoroa
as proved by thousands of cases which had been consl'oo
hopeless; such as indigestion (dyspepsia), cough, astlaultvp-
gumption, habitual constipation, diarrhoea, all gastric (I'orsg,
ments, htemorrhoids, liver complaints, flatulency, ner',°;a,,
biliousness, fevers, sore throats, diphtheria, catarrhs, col
upp
fluenza, noises in the head and ears, rheumatisM,.ol9lB_,°
cities, eruptions, hysteria, neuralgia, irritability, sieePlroP”
acidity, palpitation, heartburn, headache, debility, or at
cramps, spasms, nausea and sickness, even in pregnallaYohrst.
sea, sinking fits, bronchitis, scrofula, tightness of tir_ go
DU
pains at the pit of the stomach, and between the shoulde it oP
We,quote a few.—The Pope's health restored by
Food. Cure No 68,413.—" Rome, July 21, 1866.—The at," nll
the Holy Father is excellent, especially since, abando
other remedies, he has confined himself entirely to .- n an::rteriftl
Revalenta. Arabica Food, of which he consumes a,ei'oetrifr
at every meal. It has pro laced a surprisingly
effect on his health, and his Holiness cannot Pinii,ll,
excellent food too highly." From the "Gazette U4__ 001'
July 25. Cure No. 46,270. Mr. James Roberts, tirauy'iongs,
chant, of Frimley, Surrey, of thirty years' diseacsicaThumess•--"of
spitting of blood, liver derangement, and partial, teuslit,,ty
Cure No. 1,771. Lord Stuart de Decies, Lord Lie s‘
Waterford, of many years' dyspepsia. No. 49,832:,0u5ua%
years' indescribable agony from dyspepsia, iness
asthma, cough, constipation, flatulency, spasms, gle f the 019-iit
vomiting.—MariaJoly." Important Caution.—Be ware. o. woo
unsavoury and more than sloppy imitations to whial.+„,bek.
authority, Baron Liebig's name is most audaciouslV 1`21.27.;
In tins, at ls. 14d. ; 1 lb. 2s. ed.; 2 lbs. 4s. 6d.; 5 lbs. Ji_f,
228. ; '44 lbs, 40s, —Also Du BARRY'S REVALENTA ARABIu2s-s., for rt;
LATE POWDER is packed in tin canisters; for 12 cups °A 576 ens
cups at 3s. 6d., for 48 cups at Os., for 288 cups at 308., 555. re,
a not -at 55s.—being about one penny per cup. The 30s. n' 0
are sent free of carriage in England on receipt ..f.si`reet,, 1,0
Order. BARRY DU BARRY and Co., No. 77, Regen
don; and all Grocers and Chemists.

Births. W. of
PEEL—On the 25th inst., at 70, Eaton-placa,
RITCHI the vr—
ArthE—Oft tur W. Peelhe 24th inst, Esq., M.P.., at Shirley, of a daught
11011 Se, Leo' al.
wife of Henry Ritchie, Esq., of a daughter.

HALL—REEVE—OnMarriages. th.
the 23d inst at Richmond, Surrey, to
Rev. Joseph Hall, M.A.. rector of Knockholt, leout:,ye
Elizabeth, daughter of the late Sir Thomas N. •Ll'e-
of Richmond. tg Jer
WILLcox—DOWERS—On the 22d inst , at St. Llihe -1 De'
sey, Rt.ar Admiral J. Willcox, C. 8.; to Elizabeth °
daughter of the late Captain Dowers, R.N.
Deaths. (merle
BALDWIN— 0 n the 18th inst., in Sussex-gardens, Ai--
Baldwin, Esq., aged 95. 1 7 Esse%-
HATToN—On the 24th inst , at his residence, --, 5
street, Strand, Frederick Hatton, solicitor, age SL
Lff.ortl-
INGRAM —On the 25th inst ,at Hoar-cross Hall, SA"S"-
shire, Hugo Charles Meynell Ingram, Esq, 90",-,-;ft lit
KELLY—On the 23d lust ,at Langford-Rouse, v" c
Captain Kelly, R.N., aged 70.
----, __--•••':s--.----

NTIL'v
London : Printed and Pablished by VirtLLltila •
of No. 112, Strand, Printer, at Taii SUN o,3le'r,'
Strand, in the Precinct of the Savoy, in the
ktiddlasez.—Monday, March 1, 1869. -