The Sun.
London, England, 1867-06-29 00:00:00

THE SUN, LONDON, SATOROAY EVENING, JUNE 29, 1867.

that man was suffering imprisonment two persons
came forward and confessed that they were the per-
sons who were guilty. One would have supposed
that the magistrate would have let the accused man
out of prison, but he did not see it in that light,
and it was not till after considerable delay he was
discharged by the Home Secretary. As to any
atonement being made to the man, such a thing was
never to be dreamt of. Nay, more, after all, the
man though innocent was held to bail. These
things did not often happen ; but even one such
case a year was sufficient to show the sort of rela-
tion existing between the landlord and the agricul-
tural labourer, and which would make it not at all
probable that the labourer would elect the landlord
to represent him in Parliament. Therefore, what-
ever argument might be founded on the agricultural
population of the counties did not at all include the
agricifltural labourers. It was said that these la-
bourers had no votes ; but that was not strictly
correct, for some of them had vote. He might be
asked where. Why, in the towns and, still more,
in those petty sham counties—that was to say, in
those places hardly better than villages which had
large landed districts attached to them. All the
agricultural labourers would have votes, but these
would count as town votes, and, therefore, as
he had said before, the town representatives
were the more real representatives of the agri-
cultural labourers than the landlords. Well, it
being assumed that the great towns ought to
have more representatives, the question, then, to
be considered was where were those additional mem-
bers to come from. He would call attention in
respect to this point to those small sham counties of
which he had spoken. They were Cricklade, Ayles-
bury, and Shoreham. By the disfranchisement of
other boroughs these had had the surrounding dis-
tricts added to them, and ought, therefore, to be
eounted among the county representatives. By the
Reform Bill of 1832 many of these boroughs were
created. A Conservative member of the House of
Commons the other day gave the history of Wen-
lock, which covered 75 square miles, while the town
was not larger than a village, and yet it returned
two members to Parliament. He should like to know
where they could find a better place than this for
disfranchisement, which would give them two mem-
bers to be disposed of elsewhere. There were other
places of a similar description, and the hon. gentle-
man mentioned Thetford, Tavistock, and Totnes,
all of which returned two members, the plan gene-
rally being that the patron returned one member,
and the people the other member. Some of these
places were to be deprived of one of their members,
and the question was who would be the loser, the
patron or the people ? (Cheers.) . Where there was
no member to be disposed of he feared the patron
would be stronger than the people, but all such ought
to be considered county representations. He would
give the Government what credit might be due to
them for having given additional members to the
metropolis, and also a member to the London Uni-
versity ;' but while they added largely to the repre-
sentation of the counties they would not grant any
additional member to the great towns. (Cheers.)
A vote of thanks to the chairman brought the
meeting to a close at a quarter past 11 o'clock.

free entrance at all times, even to his sleeping

apartments, and the appearance of Aly Lord upon
the Imperial Terrace, or elsewhere, was a never-

failing indication that his master was at no great
distance. When the Czar decided upon visiting the
Exposition the question was raised as to whether

or not the animal should accompany him, many of
the Russians holding it to be an ill omen if the dog

were to quit his master. It was eventually decided
that the dog should remain behind ; the animal,
however, pined for his master, and in a short time
died, it is stated from chagrin at his departure.
The news telegraphed to Paris was concealed
from the Emperor for the time, and it was
not until the eve of his departure that he re-
ceived intelligence of the los3 of his favourite.

The superstitious Russians, it would appear,

see some connection between this affair of the dog
and the attempt of Berezowski. however, I offer
no opinion. Whilst keeping aloof from superna-
tural theories, I hold, nevertheless, that all things
are possible to Providence, and say, as the old
woman in England, who went to see the conjuror,
said to her husband—" Timothy, my dear, I ain't
superstitious, but I'd rather go home."
The little grey soldiers of the Prince Imperial
have, it appears, set a good example, or have been
made the medium of a precancerted movement, and
companies pf French Tireurs of Free Rifles are
already forming in more than one department of
France. She cannot do better than to follow the
example of England in this respect, whose volun-
teers need only practical experience to rank them
amongst the first rifle troops in the world; and if, as
is reported, we arc to have in July International
Rifle Matches, as well as other international con-
tests, the French Tireurs will do well to look to
their laurels, especially at ranges from 500 to 1,000
yards.
The Fete Dieu has been celebrated this week by
all the parish churches of Paris, and the Banlieue,
with unusual solemnity. A singular spectacle was
presented at the Church of the Madeleine. During
its celebration the Sacerdotal Procession encoun-
tered on its way two battalions of the line ; the
Colonel in command immediately ordered a halt and
military salute, and amidst a flourish of drums and
cornets, the regiments knelt down as oue man to
receive the blessing of the venerable Cure who led
the march of his flock.

The International Monetary Commission has had
four levees, during which all-important and funda-
mental questions have been decided almost unani-
mously, and there is little doubt that before long a
common system will be adopted, which will save
bankers, merchants, and travellers for the future
the trouble and loss of an exchange of moneys.
Great excitement was caused at the Esplanade
of the Invalides on Sunday last by the ascent of
Nadar and his friends in his celebrated Giant,
the largest balloon in the known world, holding
6,098 cubic metres of gas. The balloon rose into
the air at seven minutes to five p.m., the intrepid
aeronaut being accompanied by six of his friends.
After a short voyage the balloon descended at
Lonjumeau, without accident or injury of any kind,
at eight o'clock in the evening. Preparations, it
is said, are making for another ascent, which will
have a much longer duration.
A despatch is said to have been received at the
American Embassy from Mr. Seward, who, it is
reported, by the bye, will shortly accompany the
President on a visit to the Exposition, to the effect
that the Emperor Maximilian, having been set at
liberty by Juarez under the punishment of banish-
ment from Mexico, has embarked for, and is on
his way to, England. If this be so, the policy of
the Mexican leader is wise, and shows the strength
rather than the weakness of his position.
On Sunday evening last the first international
banquet between the foreign delegates and the
working men of Paris took place at the Restau-
rant Rouz6, in the Park of the Exposition. Great
cordiality and harmony prevailed, and numerous
toasts were drank, in French, English, and Italian
to the welfare and prosperity of the respective
countries, strong feelings being expressed as to the
necessity and value of peace with all the world.

The Ottoman Ambassador left Paris for Toulon
on Wednesday in order to receive his august mas-
ter, the Sultan, who will arrive in Paris on
Sunday. The Prince of Wales and his Royal
Highness the Duke of Cambridge will also take
part in the approaching ceremony of the Ist of
July ; after which they will again return to London
to be present at the review ordered by the Queen
for the sth. Great preparations are making at the
Palace of Industry to do suitable honour to the
grand ceremony of the Ist. The grand nave is
converted into an amphitheatre, the seats of which
reach as high as the upper galleries, the space of the
centre being appropriated to the reception of speci-
mens of every kind of industry. A large dais is
erected against the eastern end of the Palace on the
sidewl
principally
th
the
while the interior decorations
of the world. The arrangements, decorations, &c.,
are carried on under the superintendence of M. Al-
drophe, architect to the Imperial Commission, and
M. Dutron, architect at the Palace of Industry, to
show the minute attention paid by the arrangements
for this imposing ceremony. Even the bells to be
introduced into the chorus of the hymn have been
selected by M. Jules Cohen himself at the Exposi-
tion, after a most careful scrutiny in the presence
of the Prince of Leuchtenstein, President of Honour
of the Exposition Busse. The Palace was honoured
on Tuesday by a special visit from the Prince Im-
perial, who haS perfectly recovered from his late
indisposition. The Prince, who was accompanied
by his Governor-General, Trossard, Commandant
Lamez, and Dr. Corvisart, spent two hours in the
Palace, his attention being principally directed to
the artillery, paintings, and naval exhibitions.
The Cirque Americain has proved a successful
hit fo
Imperial, and I am informed
that therthdel' tr
ireehteeaurehas
offered terms little short of
carte blanche to the champion rider of New York,
James Robinson, provided he will renew his en-
gagement for a more lengthened period. The per-
formances of Robinson and his son Clarence require
to be seen in order to be believed. Mounted upon
a horse in an entire state of liberty, without saddle
or bridle, the two perform evolutions which leave
far behind the much talked_of feats executed on
horseback by the Pawnees and Comanches. I
noticed especially an act when, whilst the horse in
the enjoyment of full liberty courses at full speed
around the arena, the champion rider stands on his
back moveless as a graceful statue, whilst his inte-
resting little son stands equally firm and motion-
less on the top of his father's head. In the person
of James Robinson the Americans have carried off
the palm of horsemanship from the whole world, and
many another instance of the persevering and go-a-
head spirit which animates that nation already so
mighty, but still in the infancy of its future gran-
deur, will be preserved amongst the souvenirs of
those who visit Paris and the Exposition Uniyerselle
in 1867. lam aware that, though late in the field,
many honorary k d
--tinctions are in store for them,
and trust that upon the momentous occasion of the
Ist of July the result may be such as to justify and
even exceed the warmest hopes and anticipations
their friends may form on their behalf.
I observe that our American friends have deter-
mined upon celebrating the anniversary of Ameri-
can independence by a fete of surpassing brilliancy,
for which purpose the Pre Catalan has been engaged
not only for the da..,
but also for the evening. The
arrangements,
I understand, are placed in the
hands of a committee, Mr. Tucker, No. 4, Rue
Scribe, taking a prominent part in its labours. The
programme, besides announcing a ball, concert,
theatrical representation, &c., contains a lengthened
,
list of the various open air amusements, characteris-
tic of fetes in general. I hope, in my next, to send
you a full report of an affair which cannot fail,
under present auspices, to be carried out in the
most satisfactory and successful manner.

Paris, June 26.

My correspondence this week must all be very
dazzling, as it has become a matter of conscience to
describe some of the jewels at the Exposition.
Amateurs of precious stones go to the jewellery dis-
play at the Champ de Mars with the same enthu-
siasm which inspires a bibliotnaniac is search of a
rare edition. What there is in the possession of
gems to make women go supremely happy is not

creditable to womankind, for the value of the
ardently desired jewel, and not so much its beauty,
makes it so priceless in the opinion of many. To
have a set of pearls such as no one else can pay for
is the chief merit of a valuable necklet, tiara,

and ear-rings. One of the most interesting studies
a philosopher could make would be to take up his
station round the central stand at the Exposition, in
which the wealth of jewellery is displayed. Here
he would see women assemble from every clime—
the Spanish scuarita, with Southern skin and dark
eyes, all flashing with delight, while contemplating
the famous peacock all studded with diamonds—
rubies and emeralds poised on a single pearl—and
looking ready to perch in Mahomet's seventh heaven.
Here, too, stops the haughty English peeress, and
her lip uncurls as she admires the large emerald
star with a diamond in the centre, which alone
weighs 35 carats, and is valued at £6,600. The
German baroness raises her clear blue eyes to the
roof of the edifice in rapture, which unfortunately
is not speechless, for her gutturals spoil the effect of
her fervent gaze. Both gaze and gutturals, how-
ever, are intended for an ornament representing a
bunch of ribbon with flowing ends. It is com-
posed, of course, of diamonds. The diamond cross
arrests the graceful Italian, and she says a mental
" ave" before it, with some hope that the saints will
perform a miracle and make her a present of it.
This cross is composed of one large black pearl in
the centre, two large oblong stones at the upper and
lower limbs, and several smaller ones in the cross
branches. But among all these beauties a tulip,
which is composed of diamonds and rubies, proves
the grand attraction for - Parisiennes here ; they
flutter in Bismark costumes as thickly as partridges
over a stubble field, and look in this peculiar
attire much like these birds as they trot about
nodding their heads knowingly. A constant twitter
and showers of " mon dieu" express their satisfac-
tion, while a few sighs are suppressed and envious
glances subdued. In fact, all of Eve's daughters
are moved, even the coal-black negress, when she is
told that two crowns exhibited by the jewellers
to the Queen of Madagascar are much like that
worn by the Queen of Great Britain. The only
difference is that the finances of the island do not
admit of anything but paste stones, instead of real,
which small circumstance is not of much conse-
quence to negro admirers. Other people may be
of the same opinion, but not so ladies like a queen
of the demi-monde, whom I will for the sake of
contemporaries here call Sosie.
Sosie was very lovely ; every lady thought so in
Paris some ten years ago, for my tale about dia-
monds is rather old, though many may have never
heard it. Sosie was not only lovely, but she was an
actress, so that when young Baron de S— left
Tournaine in all the pride of youth, title, and for-
tune, and met Sosie he naturally fell in love with
her. Our hero's mother was very much shocked at
his intimacy with the actress, as all mothers ever
are in similar circumstances ; but persuasion, ad-
vice, and promises were vain, and " dear Alfred"
embarked on the high road to ruin. Sosie went
everywhere with him—to the races, opera, &c. She
liked seeing everything, and besides, she had a little
white pug, and enjoyed above all things her open
caliche, sumptuously lined with blue satin and covered
with the downiest white rug, in which she and pug
snugly drove round the Bois with or without friends,
as the case might be. But these were the—l was
going to say, balmy days of life, only I remember this
all happened in the winter of 1857. These were
more appropriately therefore the feverishly-loved
and relentless days of Sosie's life, though everything
was bright as seen under icicles and gaslight.
One morning Alfred promised her a set of dia-
monds for a fancy ball, which all her theatrical
associates were to attend. Poor Sosie ! she was so
delighted that she published far and near that Alfred
would end locked up at Chichy for her sake. The
eve of the ball the jeweller sent word that the dia-
monds could not be ready for the following day,
but that he would lend Sosie a splendid paste set
for the ball. Sosie flew in what ladies call a passion,
and a real scene was acted, at the close of which
Alfred clearly understood that he, and not his lady
love, would be dishonoured if paste ever touched
her white shoulders. Sosie did more than act ; she
told the Baron it was " all a get-up" between him-
self and the jeweller, " a very good pretence," &c.,
&c. And the result of the etceteras was that
Alfred clutched up his hat, pulled it low over his
eyebrows, slammed her door, and went out desperate.
He cooled down on reaching his own home, where
he asked for his mother; she was out. He walked
into her boudoir and sat down to reflect. Sosie
has suspected him of a very mean thing certainly ;
she had taunted him, but she was so disappointed,
and he was so fond of her that he allowed for her
passionate outburst. Poor Sosie, again ! What was
to be done to recover her good graces? He
looked round, there stood a quaint old cabinet.
He rose stealthily, opened it, and withdrew a
square, massive box, and from within that a won-
derful set of glistening diamonds. They were his
mother's. No matter ; he slipped them in his coat
pocket, and an hour after stood before Sosie.
" Here are your diamonds after all," he said gaily.
" Remember," he added gravely, " I never break a
promise."

Sosie cried and jumped for joy.
"They are not quite yours," faltered forth our
hero. " They are my mother's, but they are very
valuable, and you can keep them till you have your
own."
Sosie looked thunderbolts.

"They are finer than thos3 I have ordered for
you, Sosie," urged Alfred, which communication,
however, was no solace, but the actress wore the set
at the ball, and was the glorious centre of every
woman's envy.

Towards two o'clock, just as the cotillon was turn-
ing into a furious scuffle, whirl, and confusion, a
lady in a bonnet and mantle suddenly made her
appearance among the dancers. She walked straight
up to Baron S—, though his gaze was following Sosie.
"My son," said a voice behind him. He turned,
and started. It was his mother. " What have
you done with my diamonds ?"
" For God's sake, mother, Sosie—come, mother,
come away."
" Have you paid your debts with them, Alfred ?
Have you pawned them ?
Just then Sosie approached.'
" She has them on 1" exclaimed the Baroness.
" Oh ! Alfred, your poor father's gift to me."
Alfred seized his mother's arm and dragged her
to her carriage. . . . . .
.
The next day, when Alfred's servant cautiously
entered his room to open his master's blinds, he
found the young baron's. corpse across the bed and
a letter on his table.
" Dearest mother, I can never lift up my head
again ; my disgrace was public ; in the eyes of all
I am a thief, but I die repentant."
The mother's story cannot find room here. She
has never forgiven herself for exposing her son's
folly, but Sosie kept the diamonds.
She and her pug drove round the Bois till some
officials put an execution in her dwelling, when
Alfred's mother bought her own set of diamonds
back again, and Sosie retired to private life, some-
where in Germany.
This is how it is : paste does not find a ready
market in the demi-monde. The article does not
sell when adoring Alfreds do not end at Clichy,
but by their own hands.
The Deposition diamonds have led us far away,
but although the story is somewhat old, it is founded
on facts.

The renewed demand for confiscation on the part
of Mr. Thaddeus Stevens has had a beneficial effect
on the South. The Republican papers of the North
have so universally condemned his policy that the
people of the South cannot help seeing how totally
opposite to Northern sentiment the measure advo-
cated by Mr. Stevens is. The Republicans of the
South now perceive that they will not be sustained
in harsh measures by their party in the North.
they have therefore shown it by throwing over
those proceedings which so strongly tended to widen
the breach. •

The Dunderberg is about to sail for France,
under the command of Captain J. J. Comstock, to
be delivered in terms of the contract to the French
Government in French waters. She will be fully
equipped, and has now on board a battery of Biz

15-inch guns. Her engines and speed have lately
been tested, and she is reported to have made 13
9-10th knots an hour. The price is said to be
£400,000. The ram Stonewall, if the report from
Washington is true, has been presented to the
Japanese Government, as remuneration for the
worthless war vessels formerly sold to the Japanese
by some American builders. Who will recompense
the French when the Dunderberg is found out ?
The ironclad Miantononzah is not to be disposed
of to Russia, that vessel having departed some time
ago to the United States.
General Sheridan has found a hearty supporter in
the Nation. That journal seems to consider that
the Unionist politicians in Louisiana require to be
suppressed by the strong hand of military power
equally with their opponents. There dies not exist
a more corrupt, self-seeking set than many of the
leading Unionists of New Orleans, and it will be
hard to find a worse record of knavery than a strict
investigation of the affairs of the First National
Bank would reveal. So says the Nation, and it
adds that it will give general satisfaction that an
honest soldier like Sheridan should have got his
hand on them, for it believes that no political
opinions, however sound, can make knaves and
charlatans anything but a curse to society. The
.Nation fully believes the truth of what the General
has said against Mr. Wells' official career, and holds
that the country will believe it also.
The National intelligencer has announced the
result to the meeting of the Cabinet Council, to take
into consideration the removal of State officers by
military commanders in the following paragraph :
" We have authority for the statement that at a
very recent consultation of the Cabinet it was decided
that the military officers in command of the five
districts into which the ten unrepresented Southern
States are divided have no power to remove civil
officers deriving their authority from the State
Governments as now organised. The question, we
understand, before the Cabinet had more immediate
reference to the removal of the governor and other
civil officers of the State of Louisiana by General
Sheridan, but of course will apply to the action of
the other four commanders. No doubt the forth-
coming opinion of the Attorney-General, in accord-
ance with the reasoning of which it is understood
the decision referred to was arrived at, will fully
justify the legality and propriety of this determina-
tion. It scarcely need be suggested that the issuing
of orders replacing the deposed officers (which may
become necessary as a consequence of this decision
of the Government) would be no good ground for
application on the part of General Sheridan to be
relieved from the position he holds ; much less
would it warrant the interference that the Admi-
nistration contemplates or desires his removal for
his errors."

A telegraphic despatch from Bombay, dated June
22, announces the wreck of the American frigate
Sacramento, near Cocauada. The crew were saved.
The steamship North American, of the Montreal
line, was totally lost on the island of Anticosta on
the 16th inst. She was on her voyage from Quebec
for Liverpool, and had but sailed the day previous,
having made but 270 miles. No lives were lost, and
her mails, specie, and baggage were saved. She
was nearly 2,000 tons register, and had lately been
repaired at a cost of £37,000. Being covered by
insurances the company do not lose. She had on
board, besides her usual complement of passengers,
a number of troops. While on the subject of
wrecks, we may add that the Admiralty
have forwarded to Lloyd's a telegram from
St. Petersburg, dated the 26th instant :
" The Verno steamer and four sailing vessels have
reached Archangel. The Cident is lost. The De
Capo has been abandoned. The captain of the
Verno reports some thirty vessels lost or abandoned
in the ice, and as several crews were drifting on ice
floes, he (the captain) suggests that the British
Government should send a steamer out from Scot-
land to their succour, for the owners of the Verno
were induced to telegraph out to him to go." This
was followed by a second telegram naming the
following among the English vessels foundered in
the ice : —The Bis, the Effort, the Lorhlee, the Earl
of Fife, the Curlew, the 7rident, the Prince of
IVales, the Emanuel, the Ennomia, the Rogan, the
Conqueror, the Mantanzas, and the Perseverance.
Those who wish to see the horrors of such a scene of

disaster truthfully depicted s:•zould pay a visit to
Mr. Tooth's gallery, 5, Haymarket, and look at
Bradford's picture " Crushed by Icebergs."

COMIIERCIAL.

NEW YORK, Juno 15, 1867.

Money continues easy, and there is little change to note
in any respect. On Government Securities loans can be
obtained in the proper quarters as low as 5 per cent., and
good business paper is readily discounted at 5 to 6 per cent.
Several failures have, however, induced caution on the
banks. At Chicago the fall in the price of grain has in-
volved four specul dors for the rise in heavy loss, resulting
in insolvency. A large house in the lumber trade in
Frankfort (Maine) also went with liabilities, which is
feared will approach $300,000. Two shoo manufacturing
firms have also failed, and all these go to show that busi-
ness is not at present on a very stable foundation. There
has been a considerable abatement of speculation since the
war rumours in Europe have been dispelled. The June 1
statement of the Public Debt was considered favourable
and has produced a good influence. Government Securities
are strong and steady, and the price of gold closed on
Thursday at 1371 r. The exports to Europe about balance
the receipts from California. Since the lst'of last July
that State has sent us $36,641,590, against $28,230,796 for
the same period of the previous year. On Saturday last
the steamers from New York took out $1,450,120, and on
Wednesday $1,117,419, which gives a total from the Ist
January to the present of $20,824,892. Mr. M'Culloch has
received several letters of advice on the financial position.
Our leading commercial newspaper, the New York Journal
of C immerce,, informs him that the time is favourable for
reviving his system of deposits for securing the better
safety of the public funds. The collection in National
Banks (where there are no sub-Treasuries) of large
amounts amassed from internal revenue ought to be
avoided, and the revenue gathered as quickly as may be
by transfer drafts into the Treasury at Washington. Mr.
Colgate advises the. Secretary to substitute legal
tenders for National Bank notes, and re-commence
the reduction of the currency $4,000,000 per month
from the Ist of May until the minimum is attained of
$500,000,000, which, at that rate, would be realised in four
years. Tho weather is splendid, and the crops on the
prairies aro looking so well that we have never yet had a
harvest that promised better. It is impossible to over-
estimate the value of each favourable day. It has its
effect on the general markets. Railway Shares are rising
and all the leading stocks are stealing upwards Western
Railroad Stock is in good demand ; New York Central has
risen under the influence of an arrangement and close
alliance with the Hudson River ; Pacific Mail keep going
up. The People's Despatch will commence operations on
the 18th, but the National Steamship Omni any, which ex-
Governor Smith had hoped to launch, has failed to come
out. The following are the latest quotations, and I add
the prices of produce :-Gold 137 i, United States Five-
Twenties (1862) 110, (1864) 107}, (1835) 107, (1865 new
issue) 109 j, United States Ten-Forties 100, United States
7-30 Loan 104, Missouri Sixes 981, Tennessee Sixes
67, Virginia Sixes 67, New York Central Railroad
102}, Erie 601, Erie Preferred 74, Hudson River 108,
Reading 1081, Michigan Central 1131, Michigan
Southern and Northern Indiana 691, Illinois Central
120-1, Cleveland and Pittsburg 761, Cleveland and
Toledo 1181, Chicago and North-Western 351, Chicago
and North-Western preferred 591, Pittsburg, Fort Wayne,
and Chicago, 971 ; Chicago and Rock Island 90, Ohio and
Mississippi Certificates 25i, Western Union Telegraph
Company 4q, Pacific Mail Steamship Company 139,
Cumberland Coal Company Preferred 31, Canton Com-
pany 441, Quicksilver Mining Company 271, Mariposa
Mining Company 71 Mariposa Mining Company Pre-
ferred 201 Boston Water Power Company 24.
At New York, 12th, flour was 10e. to 20c. lower, with
sales of State at $7 9c. to $ll 30c.; Ohio, $ll to $l3 15c.,
Western 7,90 to 12,80, Southern 10,25 to 15,50 ; wheat dull,
spring nominally ic. to 2c. lower, with sales of Chicago
No. 2 at $2,15, Red Southern 2, White California 2,60 to
2,85, White Southern 2,68 ; corn dull and lc. to 2c. lower,
and closed with a better export demand ; New Mixed
Western 98c. to $1,04, and Old Mixed Western 1,09 to
1,10, White Western 1,02, White Southern 140 ; oats dull
and lc. to 2c. lower, State 83c., Western 701 to 72c. ; beef
steady ; pork lower, new mess $21,55, prime 18,15 to 18,75,
lard firmer; whisky quiet ; cotton very firm with sales of
Uplands at 2,70; petroleum dull, crude 15c., refined
bonded 23c. ; tallow firm at 11 to 1110,

(From Messrs. Bowles, Drevet, and Co.'s Circular.)
The past week upon our Bourse has been one of un-
varied calm. Transactions have been very limited, and
quotations show but trifling change.
Americans have remained steady at the same quotations
as reported in our last circular, 82i ; but close rather weak
in consequence of the advanced rates for gold in New
York.
The issues of 1864 and 1865 aro gradually becoming
known, but until fairly introduced aro likely to continue
at a disadvantage in value.
Sales of 1865 Bonds have occurred at 80 to 80„ and of
1864 at 70.

The Rent() closes at 69 17}
The Italian closes at
Exchange on London 25 171
a
We annex the eft statement of the public debt of the

United States on June Ist. As compared with the report
of the month previous, there will be noticed a decrease in
short time obligations of $46,000,000, and an increase in
the long 5-20 issue of $61,400,000. The debt has in-
creased $18,000,000.

(From E. F. Satterthumite and Co.'s Weekly Circular, June 26.)
By the Scotia, our advices from New York date to the
11th inst. Money having boon more freely offered, the
stock markets generally presented a firm aspect, though
without any material change in Government Stocks.
Railroad Shares wore in increased demand, and some of
the leading lines show an improvement, Hudson River
being quoted $5 higher, New Yolk Central $3, and Read-
ings 52. Border State Stocks were also more in favour,
and were strong at quotations. Gold exhibited an ad-
vancing tendency,- but the rise was only fractional.

UNITED STATES PUBLIC DEBT—PROGRESS OF IZEDUCTION.
Th.) following from the New Fork Times, of the 10th
inst., fully corroborates our estimate given last week of
the probable position of the United States Treasury at the
end of the fiscal year :

1865. 1866.
Jly3l, tux $2,757,253,276 ... Sept. 1... $2,595,683,168
Oct. 1 2,744,917,726 ... Oct. 1
Nov. 1 ..,. 2,740,854,753 ... Nov. 1 .., 2,551,310,000
Dec. 1 2,711,663,311 Dec. 1 2,549,631,238
1866. 1867.
Jan. 1 2,716,581,536 .... Jan. 1 2,543,325,172
Feb. 1 2,716,898,152 Feb. 1 2,543,319,748
March 1.. 2,711,850,000 ... March 1 2,530,763,889
April 1 2,705,646,516 ... April 1
May 1 2,689,689,842 May 1 2,520,786,096
June 1 2,670,288,367 ... Juno 1 2,515,615,936
July 1 2,650,538,330 July 1 2,500,000,000
Aug. 1..... 2,633,099,276
The last figure was our estimate more than fifteen
months ago of the probable public debt, at the close of the
fiscal year ending June 30, 1867. It is now possible that
it may not be quite made, though from the unexpected re-
sults of the revenues and expenditures in May we have
reason to expect it will be. Tho June figures (Statement
of July 1, pros.) will probably be delayed in their publi-
cation, as last year, in order to bring up the exhibit of the
whole fiscal year in a mot e exact and complete official form,
93 it will appear in the annual report of the Secretary of the
Treasury, than the ordinary monthly schedules. The surplus
gold belonging to the Government at the close of the year
will probably be fifty millions in excess of the amount on
hand July 1, 1865, or say about $85,000,000 as against
$35,000,000. In our last weekly review, tho revenues and
expenditures of the fiscal year now drawing to its close,
actual for nine and estimated for the last three months of

the year, left $133,780,315 as applicable to the reduction of
the principal of the public debt; which would place the out-
standing total (less balances in the treasury) July Ist, 1867,
at $2,516,758,015; but the publication since of the Schedule
of Juno Ist—showing the total already down to
$2,515,615,036—and the Internal Revenue receipts of the
past week, go far to show that in place of $488,000,000
gross revenue for the year, the round sum of five hundred
millions will be realised—the difference of $12,000,000 in
the actual from the estimated figures for the fourth quarter
being divided between the internal and miscellaneous reve-
nues—and the expenditures of the quarter will probably be
economised from $1,000,000 to $6,000,000 from the hun-
dred millions heretofore allowed as the demands on the
revenues of the quarter. This revised calculation would
place the finances of the whole year about as follows:--
Revenues from all sources 5500,000,000
Expenses, including interest 350,000,000

To reduction of public debt

Without any increase of business in the London mar-
ket for American securities during the past week, prices
have been well sustained; United States 5-20's have
ranged between 721 and 73}, closing 72-1 73. For both
Illinois Central and Erie Shares there has been a good
inquiry; Illinois leave off steady at 79 to and Eries,
after having been sold as low as 38k, are last quoted 401
to 41.

For Illinois Seven per Cent. Bonds there has been a
good demand at about 77, and tho Six per Cent. Sterling
Bonds are also inquired for at from 90 to 92.
In Atlantic and Great Western Securities Consolidated
Bonds have been bought on orders from America up to
26-; they close dull at 25 to I. The Debentures show no
alterations, but the Divisional Bonds being more offered,
without buyers, have slightly declined, the final quotation
being 50 to 52.

COUNTRY MARKETS.

WAKEFIELD.-FRIDAY.

At our market to-day English wheat met with a ra-
ther limited inquiry, and the business done was at a de-
cline on the rates of last week. Spring corn unaltered.

LIVERPOOL.-FRIDAY.

There was a fair attendance at to-day's market, and
there was a continued improvement in the demand for
wheat at the extreme rates of Tuesday last. Flour was
dull, and prices barely supported. Indian corn was in
steady demand, at full values. Beans were firm, and 6d
dearer. In oats and oatmeal there was a quiet demand.