The Sun.
London, England, 1860-06-04 00:00:00

(cheaper method of cultivating their crops ; subsequent
events have proved (what might have been demonstrated 0
, priori) the fallacy of the supposition. In 1790 the number
of slaves in the States was 697,897; in 1820, 1,538,064; and
at the present time, 4,165,000.
" Down to the period of the convention of 1789 the plan-
ters of the southern States had been engaged principally in
the cultivation of rice and indigo, then the best paying
growths ; but the profits of the trade were lessening yearly
in consequence of the competition of India, then beginning st,
to be felt. The cotton plant, now the great star le of southern
agriculture, was then only cultivated to a limited extent ;
the process of cleaning the fibre being so slow and expen-
I
sive as to render the production of the plant, on a large :t,
scale, impossible • for notwithstanding the increased de-
mand for cotton irom England, consequent upon the then
recent great improvements in the machinery for spinning,
the exports from the United States in 1793 only amounted
to 187,000 lbs.; whilst the imparts into England from the •
West Indies, Turkey, India, &c., during the previous year,
reached upwards of 30,000,000 lbs. The invention of the
saw-gin by Eli Whitney, however, in the year named, in-
tr, duced a new order of things. By the primitive rollers, st,
one hand could clean only a few pounds of wool daily ; but st,
by means of the new gin three to four hundred pounds :t,
could be turned out in the same space of time. The effect t!
of Whitney's ingenuity was instantaneous : the exports of
cotton during 1794—that is, one year after the invention—
being 1,601,760 lbs. against only 187,000 lbs. in 17931 In st
1800 the shipments were 17,789,800 lbs., and in 1806 nearly st
one-half of the cotton imported into Great Britain was the
produce of the United States. No wonder, therefore, that I st,
the slave trade increased in activity, and that the slave-
holders grew more unmanageable, and sought with such at,
vigour to augment the extent of their territory, and there- st,
by increase the weight of their influence on the Congress st,
and Senate of the Union. These facts will enable the St'
reader the better to understand the course which events :t:
took subsequently to the passage of the Louisiana Bill."

'HIS DAY.)

Share'

One of Them. By Charles Lever.
This work in its continuation becomes more in-
tricate. There is not much to interest the reader
in the present number. The whole of it, with the
exception of the last two pages, is devoted to the
history of a cold-blooded murder, supposed to be
perpetrated in Jersey. Mr. Lever will doubtless
unravel the complexity of the tale hereafter, but
for the present the reader is kept completely in the
dark. We cannot say much for the work as far as
it has gone, although it is enlivened by occasional
flashes of genius and truth worthy of its author.
However, we will not prejudge, and trust for better
things as the tale advances. The following extract,
although written as fiction, bears the stamp of
truth :

" He bad heard much of Clara Hawke—to give her her
true name—of her personal attractions and abilities, and he
wished Stocmar to see and pronounce upon her. Although
he possessed no pretension to dispose of her whatever, he
held certain letters of her supposed mother in his keeping
which gave him a degree of, power he believed irresistible.
Now, there is a- sort of limited liability slavery at this
moment recognised in Europe, by which theatrical managers
obtain a lease of human ability, for a certain period, under
nonage, and of whick Paten desired to derive profit by
letting out Clara as dancer, singer, coniedian, or figurante,'
according to her gifts; and this, too, was a purpose of the
present journey.
" The painter or the sculptor, in search of his model, has
no higher requirements than those of form and symmetry ;
he deals solely with externals, while the impresario must
carry his investigations far beyond the category of personal
attractions, and soar into the lofty atmosphere uf intellectual
gifts and graces, bearing along with him, at the same time,
a full knowledge of that public for whom he is proceeding ;
that fickle, changeful, fanciful public, who sometimes, out
of pure satiety with what is best, begin to long for what is
second-rate. What consummate skill must be his who thus
feels the pulse of fashion, recognising in its beat the indi-
cations of this or that tendency, whether ' society' soars to
the classic Norma,' or descends to the tawdry vulgarisms
of the ' Traviata.' No man ever accepted more implicitly
than Mr. Stocmar the adage of Whatever is, is best.' The
judgment of the day with him was absolute. The world'
a toujours raison, was his creed. When that world pro-
nounced for music, he cried, Long live Verdi 1 when it
decided for the Ballet, his toast was, ' Legs against the
field I' Now, at this precise moment, this same world had
taken a turn for mere good looks—if it be not heresy to say
' mere' to such a thing as beauty—and had actually grown
a little wearied of roulades and pirouettes ; and so Stocmar
had come abroad, to see what the great slave market of
Europe could offer him."

The Comprehensive History of England. Blackie
and Son.
Parts 29 and 30 of this correctly styled com-
prehensive work, extend from 1791 to 1802 in-
clusive. The latter period of which being re-
plete with important incidents, a considerable
amount of space is devoted to it. The engravings
and woodcuts are executed with the same skill aid st
taste as heretofore.

C'assel's Popular Natural history. Part XV.
This part treats of the wolf, the fox, and the cat.
The habits of the different varieties of each species s
are carefully described, and some interesting anec-
dotes are related, some of which, however, border s
rather on the marvellous and romantic, but never- s
theless are quite within the pale of possibility. The
engravings are numerous, and the descriptive por- s
tion well written.

_MONEY MARKET AND CITY NEWS. 1::

CITY, Two o'CLocK.
The accounts from the manufacturing districts f„
mention that business generally has been partially
suspended owing to the Whitsun holidays. There
Ai
has been no feature of importance in the woollen sI
trade of Leeds. At Bradford the transactions in :1
wools and yarns have been restricted ; fancy piece

goods, however, suitable to the season, have been
fairly dealt. in. Business at Manchester has been 81
very inactive, and prices of both cloths and yarns
have given way. At Leicester and Nottingham si
the holidays have caused a partial cessation of gsl
trade; while the transactions in hardware goods at el
Sheffield, Birmingham, and Wolverhampton have
been on a very moderate scale.

In the Liverpool Cotton Market, on Saturday, a
moderate amount of business was transacted, and ss
prices were steadily maintained. The sales were s
7,000 bales. The Railway Share Market closed st:
quietly, but quotations were firmer.
A sum of about £19,000 in gold was sent into
the Bank of England on Saturday.
The Asia has been announced this morning from s
New York, with £24,102 in specie.
There is a slightly increased demand for money,
owing to the commercial engagements due to-day, ssl
the 4th of the month, and the market is firmer in s
consequence. The actual alteration in the rates, s
however, is unimportant, no difficulty being expe-
rienced in getting choice bills negotiated at the
Bank minimum, or a fraction lower. Renewed
quietude is expected as soon as the present liabili- s
ties, consisting of mercantile bills, railway calls, s
and Stock Exchange settlements, shall have been ss
completed.
The market for public securities remains in a
quiet position, speculation being very dull in con- ss
sequence of the proximity of settling day. Upon s
the whole, however, the Funds are well maintained,
some support being given to the market by the
favourable tendency of the Rentes. Consols are
st
95 to 954- for money, and 95 1 1 for July. The st
New Threes and the Reduced are steady, at 934 ; st
India Stock has receded to 2221; ditto New Loan
si
remains at 1064 ; ditto 5 per Cent. Enfaced Paper
has improved to 98 ; and Exchequer Bills are Bs. ss

prem.
In the Foreign Stock Market business has been 1,
almost suspended, and prices show little alteration. st,
Turkish 6 per Cents. are 741 to 74; ; ditto New,
571 to ; Brazilian Scrip remains at dis. ; and sty
sti
Dutch 21 per Cents. are heavy, at 661.
The Ocean Marine Insurance Shares are 21
prem.; the Thames and Mersey ditto, lit, § prem. ;
and the Universal ditto, 1 Z- prem.
The Imperial Thessalian Mining shares are
firmer, at t I prem.
The dealings in the Railway Share Market have
been moderately active, and prices have shown a
slight upward tendency. Caledonian, Great
Northern, Great Western, Lancashire and York-
shire, and South-Eastern hare improved ss. ; and
Eastern Counties and North British, ss. to 10s.;
London and Brighton have receded about ss.
In the Foreign and Colonial markets the trans-
actions have been limited. Lombardo-Venetian
are at about previous quotations. Buenos Ayres
and San Fernando have improved 55.; Grand Trunk
of Canada have declined 55., and East Indian, ss.
Joint Stock Bank and Miscellaneous Shares are
steady, at about previous quotations.

BRITISH FUNDS—ONE O'CLOCK.
Bank Stock
3 per Cent. Reduced Annuities 931
3 per Cent. ConsAs Annuities
New 3 per Cent. Annuities
India Stock ..
__, _

Ditto 5 per Cent. .
Ditto Enlaced Paper, 4 per Cent. —
Ditto 5 per Cent.
Ditto Debentures, 1858
Consols for Account
Exchequer Bills, £l,OOO, 11d
Ditto Small
FOREIGN FUNDS—ONE O'CLOCK.
Brasilian 5 per Cent ..
Ditto 41 per Cent. Scrip, 1860 - d
Turkish 6 per Cent
Ditto Account
Ditto New Loan
Ditto Account
Dutch Exchange, 12 Guil. 21 per Cent 66k
Dividends on the above payable in London.
THREE O'CLOCK

Consols, Money
Ditto Account ..
Ditto 10th July

THE SUN, LONDON, ;:MONDAY EVENING, JUNE 4, 1860.

Paid.

13 15

54 51
si st
t F
id pr
20 2t
54 ót
9i 94
22 23

5 6

8 9
124 131
42 44
11
295 30514
31 31
1 1/
1621 1671
50 52
24 211
4 5
19 20
76 78
330 340
150 160
90 100
21 3f
14i 15
22 24
26 28 I