The Sun.
London, England, 1867-08-10 00:00:00

dragged into the Atlantic by means of a dinner or
worked on by a dinner through the Atlantic, as
rhetoricians like best. The truth is that he gave
no dinner ; that a corner-stone of a new Protestant
Church was not laid ; and that the fireworks
alluded to were displayed in the following circum-
stances :—The Fourth of July Celebration having
been abandoned by the news of the execution of
Maximilian, the committee of arrangements had on
hand a few pieces of fireworks which had been
made for that occasion. The chairman of that com-
mittee, Mr. Tucker, one of the leading American
bankers in Paris, obtained permission from the
proper authorities to have these pieces displayed on
the evening of the 13th July, on a vacant
lot nearly opposite his residence. This lot
has been purchased as a site of a French
Protestant Church, the excavations of which were
commenced a few days before, and the corner-stone
of which is not yet reached. The members of the
committee, with their families and other friends, were
invited to Mr. Tucker's residence to see the fire-
works. A crowd also collected in the streets, but
the workmen were not " regaled by glasses of punch
distributed by the order of the Consul," as one of the
French journals affirmed. The beautiful front of
the Capitol at Washington was supposed, and an-
nounced in this same French journal, to be the
fagade of the " new American temple." In such
wise the most simple social affair possible, of no
sort of interest to any but the few participators in
it, is made an event of vast magnitude concerning
the public generally, combining religious ceremonies
with worldly festivities and civic fetes. It becomes
a matter of palpitating interest to know who really
is responsible ; the glasses of punch and American
grogs are, I am certain, not paid for.
But I have not yet done with the Cable, for, con-
nected with it, and among the recent arrivals in
Paris, I have to mention Thomas Silver, of Phila-
delphia, the inventor of the Marine Engine Gover-
nor, arranged for con trolling the motion of steam-
ships in rough seas.
It is not generally known that the above eminent
engineer has ever since 1859 toiled unremit-
tingly in order to discover machinery by means
of which cable can be paid out in any weather.
lie has succeeded, but ,a greater diffculty arises,
that of convincing the learned and scientific that
his method insures security and an immense say-
an essential point, a point completely over-
looked gin .expenditure ; consequently, cheap tele-
grams,looke up to this present time.
Any one who has read the report of the proceed-
ings on the Great Eastern when the attempt was
first made to lay the Atlantic Telegraph Cable,
must remember the vicissitudes and accidents it
experienced. How at one time it broke when the
strain rose to 50 cwt., and had to he picked up ;
how often that it fell overboard to the bottom of
the ocean, and had to be lifted up with grapnels ;
how the spur wheel of the picking-up apparatus
flew asunder when 500 fathoms were on board ; how
a little later the drum flew rapidly round and the
other end dived into the ocean ; how the cable was
caught again; but just when all hearts were rejoicing
another disappointment occurred---a swivel pin gave
way as the cable came over the drum, the un-
shackled end leaping into the sea and joining the
cable. Every one knows what next happened ; how,
to the honour of science be it said, despair took
possession of none of the learned staff; and how
ultimate success crowned persevering effort. But,
even when the work was satisfactorily completed,
all offered up an act of thanksgiving that " fair weather
had been granted, without which the enterprise could
not have been achieved." If all depends on fair
weather we must not expect transatlantic cables to
be worked at reasonable charges.
Mr. Silver's paying-out cable machine works
automatically, is never affected by rough seas, lays
down with and against wind, tide, and storm, and,
if adopted, as it is hoped it will be by Mr. Allan,
when his great project is carried out, we shall soon
correspond with our relatives far West for the small
sum of 103. The Paris Correspondent in the Franco-
American of last week gave a clear and scientific
description of Mr. Silver's invention, which has
called the attention of the learned to a subject of
such universal interest to the public.
Another piece of seafaring intelligence is that
Messrs. J. W. Tucker and Co. have received a de-
spatch from Mr. H. Webb, announcing the safe
arrival of the Dunderberg at Cherbourg, after a
passage of only 14 days and 17 hours. She had bad
weather and high seas, but proved herself an excel-
lent sea-going vessel. A pity, indeed, it is that the
American Government should have parted with her.
It may be remembered that she was sold to the
Emperor for 15 millions of francs. The builder,
Mr. Webb, has also built two ships for the Russian
Government, and two for Italy. Mr. Tucker left
Paris for Cherbourg yesterday evening, where his
presence was necessary, all the transactions for the
sale of the Dunderberg having been committed to
him. In my next 1 will give a description of the
noble vessel, one of the grandest that ever entered a
French port, and now, alas, hoisting the colours of
he triumphant tricolor.

oar, whilst behind him, upon an elevated platform,
stands the champion, armed with the veritable blunt
lance of antiquity, the knob, however, at the extremity
covered with padded leather. Like the tournament
of Ashby-de-la-Zouch, there are two parties, each
furnishing from time to time its champion ; the
uniform of the one being a tight-fitting white jacket
and trousers, broad red sash, and red fez with blue
tassel ; those of the others diversified only by blue
being made the most prominent colour. As the
boats are pulled swiftly towards each other the
champions lean slightly forward upon their lances,
held upright in their right.hand. As they approach
nearer, however, the other hand is shifted to the
grasp, the lances being lowered and levelled at the
same moment, the butt being firmly pressed against the
chest, the shock resulting in one or both combatants
being precipitated into the water. In case of failure,
however, both lances are recovered with great dex-
terity as the boats passed on to the respective ends
of the watery lists. Considerable skill was exhi-
bited by these naval champions, whose success or
failure appeared to excite the greatest possible in-
terest in the crowd present. lam inclined to think
that these jousts date from considerable antiquity,
or are at least coeval and similar to that of the
water quentin in our country. But we may linger
no longer. Back by the Rue St. Antoine until we
reach the towering monument of the Bastille, or
rather the celebrated Column of July, which com-
memorates its destruction, from a railed balcony on
the summit, to which you arc permitted to ascend
for a trifling payment, you enjoy a panorama of
Paris which no other point affords. Descending, we
reach, still in our homeward course, the long
and continued line of the grand boulevards,
the most brilliant of the Rues of Paris. In the
course of another hour we have passed the greatest
part of the theatres, the vast Cirque Napoleon re-
minding us of the gigantic arenas where the stern
gladiators of antiquity have so often uttered the
mournful "Ave Caesar morituri to salutant," you
can scarcely tread your way along, for the Trottoir
in frpnt of the hotels and cafes, is densely crowded
with guests ; but you have doubtless by this time
reached your destination in the shape of one of the
magnificent hotels with which the whole line of the
boulevards is so thickly studded, and as our walk
comes to au end we will, with thanks for your
patience and good company, wish you a cordial good
night.
His Royal Highness the Prince Imperial has re-
turned from Baganes de Luchon to St. Cloud. The
Prince's health is perfectly re-established.. Great
baEm-
bassy, n preparationsue
du are
Fabue h e
fnogrh English
eEm-
binogurgmaSdte. Honors,at
t
ap-
proaching arrival of Lord Lyons, the new Ambassa-
dor. In order to add additional brilliancy to the
Emperor's Birthday
bal-
loon the " Geant" are making arrangements for ano-
fete, the proprietors of the
ano-
ther ascension on Friday, the 16th of August, the
day following ; the ordinary prices will be lowered
on the occasion. The " Fetes de Nuit," so often
announced and adjourned, are likely to be given on
the double occasion of the Emperor's fete, and
that of the International, given by the Expo-
sauts in honour of the Emperor. The following
details concerning the latter celebration are published
in the Situation. The committee is composed of
44 members, under the presidency of M. le Baron
Millet, and selected from amongst the most cele-
brated representants of the industry of the world.
The fete is now definitively fixed for the 17th of
August, at the Hippodrome. It will comprehend a
banquet, a military concert, a carrousel or exhibition
of equestrian statues, a cortege or procession, and a
theatrical representation. As regards the banquet
the centre of the Hippodrome will be occupied by a
table of honour reserved for the committee, from
which will diverge, like the radii for circle, 30
other tables, the Imperial table being placed at the
extremity of the Grand Axis, and facing the
municipal entrance. The splendid military band
of the Garde de Paris will execute at the
entree of his Majesty the most brilliant pieces
in their repertoire ; and, among others, the overture
which gained for the distinguished leader the triumph
of the Ist of July. At the end of the banquet,
cavaliers and amazons, in military costume, will
execute quadrilles, arranged specially in honour
and emblematic of the nations visiting the Exposi-
tion. The procmion will be accompanied by a
number of triumphal cars, each representing one of
the ten groups of the Exposition, and escorted by a
number of cavaliers: The theatrical representation
will consist of a grand allegorical pantomime, com-
posed specially for the fete, and executed upon a
theatre elevated in front of the Imperial table. At
three o'clock the ladies invited will be introduced by
the commissaries into a special tribune, where re-
freshments will be served them. The subscription
list will close definitively on Friday, the 11th inst.
Two commissaries are permanently in attendance
at the Cercle International to receive the names,
which will exceed 5,000.
The Emperor has left for the Camp at Chalons,
the squadron of the Cent Gardes accompanying
him. The King of Sweden inhabits the Hotel Rue
d'Elysee, belonging to the Empress, and the cus-
tomart residence of Madame la Comte,se de Mon-
tijo, when visiting Paris. The Emperor had placed
at the service of his royal guest, in the event of his
wishing to renounce his incognito, the palace of the
Elysee.
The departure of the King and Queen of Por-
tugal is adjourned to the 16th of August, at nine
in the evening. Their Majesties will spend the day
of the 13th at Bordeaux, whence they will visit
ratthieo nfse
taer eo
fa ctthi
ev ell y 5
tgoingAoung
uastt
Lisbon, en route for Madrid.
t h eATlrre°acday-
d e rFor err
the summit of the Grand Escalier is decorated with
an Egyptian. In the lowest part of the Escalier, to
the right and left, on the turf which forms the
amphith. atre, rise two large theatres, which will be
devoted to military representations. The grand
alleys are bordered with innumerable little shops of
the most elegant character. A great improvement
is about to be brought into the service of the tele-
graph by the use of despatch stamps. This will
give the public the opportunity of affranchising
their telegraphic correspondence to the bureau,
either by messenger, post, or by the means of special
boxes, which will be erected for that purpose. This
new method will come into operation from the Ist
of January next.
On Thursday last the proclamation for the edu-
cational prizes of the Concours des Lycees of Paris
and Versailles took place. The Minister of Public
Instruction presided. The Prince Imperial assisted
at the solemnity.

PARIS, Aug. 8

It is always a serious thing to have to refute an
argument held up by those whose position, dignity,
and talent so blind their hearers as to make very
absurd theories look plausible. " Allah is great,
and Mahomet is his prophet," says the faithful
Mussulman, and no one thinks of contradicting
him now. " The English are the freest- nation on
the face of the globe," says the Briton, and if that
is not understood it can be punched into one too.
" The French arc kept in fetters and chains of their
own making," declare those who know that this
closes all discussion on the subject of their liberties,
and we have got so accustomed to audacious para-
dox that we are willing to drop every question
ending with the above untruths. We do not yet
see why, after having dropped the cable besides,
that straightforward thing should tell roundabout
stories. No, readers, the cable does not tell the
truth ; it is too deep. 1 am afraid, and as the
Franco-American cannot be up to it, it means to be
down on it every time white lies, suelLas the follow-
ing, are conveyed by it. I copy from all the New
York papers, headed " Cable News," on July 15"-
tilt •

A NEW AMERICAN PROTESTANT CHURCH.
Paris, July 14, 1867.
The corner-stone of a new Protestant. Church, for the
accommodation of the American residents and visitors in
this capital, was laid yesterday in the presence of a large
concourse of spectators.
At the- conclusion of the ceremony the United States
Consul at Paris, John G. Nicolay, gave a dinner, at which
all the principal American citizens now here; and several
eminent European friends of the United States, were

present.
In tho evening there was a tasteful display of fireworks
in honour of the occasion.
Who is responsibie for this ? What has the
Vniteci St4tee Vomtil dope that he should be

through private sources estimated at £350,384, the total
amounting to £:351,384.
The Springfield Republican tells the story of the
sad suicide at Monson, where a Japanese student hanged
himself :—Ashiwara, ono of the six Japanese youths who
have been pursuing their studies at Monson for several
months, committed suicide by banging, on Sunday even-
ing. He was last seen alive about half-past 8 o'clock p.m.
on that day, not far from the place where his body was
found, and probably committed the act of self-murder soon
after. His absence from his boarding house all Sunday
night roused suspicion and alarm for his safety, and on
Monday search was commenced by a number of the citi-
zens, and about 8 o'clock in the evening, 24 hours after
his appearance, his body was found suspended from the
limb of a tree in a retired spot about a mile east of the
village, and a little distanco from the highway. Beside him
on the ground lay his hat, coat, and umbrella, and around
his neck was tightly knotted a strip of cotton cloth which
he had taken with him from his house, showing that the
act was one of mature and deliberate premeditation. His
watch was found going, and his money safe, and all the con-
tents of his pockets undisturbed. His last walk on Sun-
idayevening last was taken alone, an unusual circumstance
or the Japanese, as they generally go out in groups of
three or four, or quite often the entire six take their strolls
together. Ashiwara, also was gone horn home for a long
time on Saturday on a similar solitary excursion, and
doubtless then meditated the act of suicide. His body was
immediately removed and the remains prepared in the
Christian order for burial, his countrymen assisting in the
sad offices. The cause of the act was undoubtedly ex-
treme depression of
,spirits, resulting principally from a
chronic disease which Lad for many months afflicted him,
and from which there was little or no hope of relief. The
dejection and melancholy may have weighed upon the un-
fortunate man so heavily as to produce during the last
days of his life positivesinsanity, though from his mild and
retiring disposition it would not have been of very decided
manifestation. Ashiwara was about thirty years old, and
left a wife at his home in Yokohama, whence ho came by
by way of San Francisco, arriving in Monson in Novem-
ber. He was sent directly to the care of the 11ev. Charles
Hammond, principal of the Monson Academy, by the
11ev. Mr. Brown, the American missionary, while his
comrades came from Nagasaki, by way of London,
ultimately to Monson, but under different patronage.
Tho deceased Japanese is spoken of by his instruc-
tors and acquaintances at Monson as a man of
true and unusual nobility of character, and industrious and
faithful to his duties. Ho was sensitive to the last degree
on all points of honour or personal reputation, and during
his stay in this country had won the esteem and sincere
regard of all with whom ho had come in contact. During
the first few months of his residence at Monson, he was
often oppressed with home-sickness and earnest longing for
his native land, but had lately seemed to overcome in a
great degree these feelings and appeared quite contented.
The Rev. Mr. Brown arrived at New York on a return
visit to this country only a day or two since, and has been
summoned to Monson by a telegraphic despetch for con-
sultation as to the disposal of tho body of Ashiwara. This
death among us of the stranger student from the other
side of the globe, thousands of miles away, is a most sad
event, and doubly painful from its peculiar and impressive
circumstances.
CALIFORNIA WIIEA.T.—The importance of Cali-
fornia as a source of supply for a superior quality of wheat
is just beginning to be felt. This season, for the first time
in Now York, there is a market for the San Francisco grain
merchants. From a letter from the latter city we learn that
the crop this year is not far from 7,500,000 bushels, and up
to this time, since July 1, there have been exported
2,022,591 sacks of 100 pounds each. Tho stock now in
store in San Francisco is 1,500,000 sacks, and estimate
1,000,000 sacks in the interior, making 2,501,000 sacks, or
7,500,000 bushels. The season is very propitious, and the
crops to be harvested next July will reach fully 12,000,000
bushels, not including some 2,000,000 bushels of Oregon
wheat. California wheat, it is to be understood, is, owing
to the peculiarity of climate, the best in the world, and is
produced at relatively less expense than elsewhere. The
soil is very prolific, and thirty or forty bushels per
acre is not a largo yield. It is the climate, however, which
facilitates the work of the farmer. The rains usually
commence in October, lightly ; in November they are
generally heavy, which soaks the ground completely and
prepares it for the plow. The grain is then got in and the
rains continue through January and February very freely ;
they then are less frequent and heavy, generally ceasing
altogether in April. From that time to the Ist of July the
grain gets no water. It results that the grain ripening in
the midst of drouth, becomes very hard and free from mois-
ture. It is then cut and left in the field without any
danger of rain until October. It is gradually harvested
and sent in sacks. Owing to its dry nature it never heats,
never requires rehandling, nor dons it require to bo reshel-
tered, thus saving a great expense to the farmer. The
same qualities of wheat make the flour fit for any voyage
and for any climate without the least danger of spoiling.
Where the wheat is first introduced it is supposed to be
hard, flinty, and very dry. When used alone many millers
damp it to make it more easily floured, but mixed with
other wheats no difficulty is encountered in treating it."
A SINGULAR ACCIDENT.--A few days ago, while
one of the clerks in the New York Post-office was stamp-
ing letters to be sent by mail, ho was much frightened by
an explosion occurring. A part of a letter he was stamp-
ing was blown away, and his hands wore slightly burned
and his face scorched ty powder. For a moment he sup-
posed that an infernal machine had been placed in the
letter, but as no vary serious results ensued ho regained
his self-possession, and took the letter to Assistant Post-
master Norton. He recognised the card of a respectable
firm on the outside of the letter, and sent for an explana-
tion, which was readily given. It appears that a gentleman
wished to send some percussion caps to his boy who was
in the country, and without considering the liability to
accidents mailed them in a letter. The result was as above
• stated.—N. r. Post.
,ss

Our Homburg Correspondent informs us tha,
Count Bismarck and the King of Prussia are at
Ems. Before the arrival of the former crowds
followed the King, but on Bismarck's advent he
was dogged at every step, and his Majesty was left
in peace. Nobody looked at the Sovereign when
the Minister came on the stage, not deeming the
King of much account. Americans swarm on the
Continent, filling all the hotels, and generally rais-
ing prices. Our correspondent says they univer--
sally exclaim on buying anything, " How cheap !"
which, we must say, is not the habitual exclamation
teffaeneth our informant
e can get, and
adds, is to enhance prices, for the tradesman natu-
oraflltyheobj 'cuteeet t
oY
saenuk Yankee. Th
lesse
than
he would be very obtuse if he did not narrowly
scan the national peculiarities and cure the next
American corner of any delusion that he was buying
a cheap article. "We witnessed a dreadful acci-
dent between Coblentz and Frankfort. The high
road runs between the Rhine and the railway, and
as our train was rushing along, the horses in a cart,
in which there were two men and three women, took
fright, swerved off the road, tumbled headlong down
the bank, and the whole party a dis*ppeared into the
river. As we swept along we eagerly looked for
the result, but all we could see were one man and
one horse swimming, and a wheel of the cart just
showing above the water. The river ran swiftly at
this spot, and I fear the whole party must have
been drowned. It was peculiarly unfortunate that
the horses took fright and ran off the road at the
only place unprotected by a railing, and the open•
ing was just large enough to allow the cart to pa:
through. It seemed, too, so horrible that we, who
had been the innocent cause of the catastrophe,
should glide on unmoved and unchecked on our iron
course the silent spectators of such a disaster."
They tell me this place looks different to what it
did formerly, owing
to the fearful-financial crash.
of last year, followed by the railway ruin of this.
So many well-to-do people who used to pay Hom-
burg a visit every summer are now obliged to stay
at home and economise, that the present company
consists mainly of 4, the residue."
The following fires are reported :—The wooden
bridge of the Rensselaer and Saratoga railroad, near Salem,
New York, was burned on Thursday night, July 25
loss $10,000; other fires have damaged the freight depot
of the New York and now Haven Railroad, in the former
city, $3,000 worth, and destroyed T. C. Riley's building on
Main-street at Buffalo, New YGrk—loss to the owner and
occupants $90,000 ; Crane, Reed, and Cu.'s coffin mann-
faetory at Cincinnati, Ohio—loss 675,000, mostly insured;
a tobacco factory, a cotton warehouse and other property
in the navy yard at Memphis, Tennessee—loss $150,000;
Mears and Bates's shingle mill and lumber yard at Chi-
cago—loss $30,000 ; the principal business portion of Tar-
boro, North Carolina—loss $75,000 ; several stores at Port
Hope, C. W.—loss $50,000; and about twenty houses in
Oliver and Latonville streets at Quot'ec'
TILE AItIERICAIi LIFE 11,1FT.—"This diminutive
specimen of nautical architecture, which arrived at South-
ampton a fortnight ago, having been navigated across the
Atlantic by three men in 43 days from New York, has
been a source of great attraction during the present week's
regatta at Cowes, and her Majesty the Queen went along-
side in her yacht and looked at the little craft. The raft
left Southampton yesterday for London for the purpose of
being exhibited at the Crystal Palace. This frail structure
is so made that it can be taken to pieces or put together in
about 20 minutes.
There has been a great freshet in the Tipper

COMMERCIAL.

NEW YORK, July 27.

Tho Cal forma steamer arri\red—on Sunday with
$1,162,000 on board. Tho import up to the present time
is $5,776,076 loss than for the same period in 1866. Money
continues easy, and the accumulation goes steadily on.
Advances can be readily obtained on Governments at 3 to
4, and on Stocks from sto 6. First-class paper is scarce,
and sought for by banks and lenders at short dates at from
6to 7 per cont. The idea is that trade will become more
active in the fall, and the demand for accommodation in-
crease. The Government notes maturing in August will
help to increase the supply and circulate some of the large
surplus now accumulating in 'the Treasury. The re-
ceipts from Customs have risen from $300,000 up to
$500,000 per day, and as these sums are taken in gold, a
healthy check is kept on tho room, the operators ;caring to
push up the premium, as it might bring in the Treasury
as a seller. On Monday it touched 140, but closed on
Friday at 139. There was some little excitement at the
receipt of warlike news from Europe, but it was not main-
tained, and we are beginning to get used to this cry of
Wolf ". by our news agent on the other silo of the
Atlantic. American silver sells at 6to 7 cents below the
price of gold. Mexican dollars are worth 1031 to 103 in
gold. Foreign exchange is quiet, and as the supply of bills
is limited the rates are maintained. Thera seems to have
been a sort of panic in mining stooks at California, and
the mining share market at San Francisco shows a great
falling off price. Here mining stocks are in fair demand,
and a good business is doing in the better class of Colo-
rado at remunerative rates. Petroleum stocks are also in-
quired for, and as the price of oil has risen the market is
becoming active. Government Funds advance steadily,
and the advance is supported by a sound demand, princi-
pally for the 5-20 Bonds. The Government are issuing
them in exchange for the Ist Series of 7-30's. The State-
ment of the Public Djbt will, it is said, when it comes out
in August, show a decrease of two or three millions, which
will belie Mr. M'Culloch's expectations when.he wrotelis
letter to the 13oaola literehauts,. This shows how impos-

Mississippi River, the heaviest that has been known since Bible it is even for the best informed to speculate with any
1850; and it is estimated that tho Minnesota lumbermen degree of security on the future.*
have lost thirty-five.million feet of lumber, worth at least The Stock Exchange is active, and notwithstanding the
$350,000. The wreck of the old North Minneapolis heat of the season, and the largo number of operators ab-
Bridge has been swept away, and the stone abutment of sent, shows no sign of dulness. Most of the lines have
the Pacific Railway Bridge across the Mississippi at had a continual rise, although there aro some exceptions.
Minneapolis has fallen, involving a loss of $20,000. New York Central has steadily improved. Erie Stock is
The Springfield Republican states that "the also in demand, and will, it is said, go above the limit of
Montreal Minerve, the Catholic organ, reiterates its story 80. The dry goods trade continues stagnant, but there is
that it was a Protestant clergyman, now living in a a decided improvement over last week in the confidence
northern city, who originated the idea of assassinating, I manifested. All look to bo relieved from the intolerable dul-
President Lincoln ; and adds further that the Minister ac- ness by the splendid harvest. I inclose the latest quotations.
Wally made a private attempt to assassinate Mr. Lincoln. Gold 134 United States Five-Twenties (1862) 109 to
Having gone so far the editor of the Minerve is morally 111, (1861) 104, (1865) 1091, (1865, New Issue) 1081,
bound to expose the assassin, that he may be brought to United States Ten-Forties 1021, United States 7-30 Loan
punishment, otherwise ho will himself be justly held guilty 1108, Missouri Sixes 105, Tennessee Sixes 671, New York
of complicity in the great crime." Central Railroad 109, Erie 71-:, Erio Preferred 80, Hudson
The Iron Age, of July 25 says
and Great Britain, says the new Postal River 1191, Reading 108, Michigan Central 1121, Michigan
Convention between the United
j Southern and Northern Indiana 831, Illinois Central 1191,
Cleveland and Pittsburgh 92, Cleveland and Toledo 123,
of which official proclamation is made to-day, and which
will go into effect on the Ist of October next, provides for an Chicago and North-western 481, Chicago and North-
exchange of correspondence between the two countries,
western preferred 72,1, Pittsburg, Fort Wayne, and Chicago
106, Chicago, Rock Island, and Pacific 103, Toledo and
and also between the United States e.nd Bermuda, and the
Wabash 54, Ohio and llississippi•Cortificates 27, Adams
British post-office agencies established in the Danish
colon of St. Thomas in Panama Colon San Juan and
Express Company 73 to 74, American 75, Wells, Fargo,
y , , , ,
and Co.'s 691, Western Union Telegraph Company 481,
Porto Rico.
A number of documents have been published Pacific Mail Steamship Company 1161, Cumberland Coal
Company preferred 3817 Canton Company eoe, Quicksilver
relative to the capture of Santa Anna on board an Ameri-
Mining Compry 341-, Mariposa Mining Company, 34k,
can vessel. The most important is the protest by John
Mariposa Mining Company Preferred 238,805t0n Water
Deaken, captain of the Virginia, who declares on oath that
Power Company 23.
when Santa Anna was taken by force from his vessel, the
Virginia was anchored more than a marine league from
the port of Sisal.
During last week the movements of the precious
metals were of a rather extensive character as regards
the imports, which have amounted to about £1,187,160,
including £231,000 from New York, by the City of Paris;
£134,400 by the Aleppo, £60,000 by the Hansa, and
£353,030 by the Scotia. The Dover Castle, from Australia,
has brought £132,112 ; the Douro, from the West Indies
and Pacific, £232,179 ; the Euxine, from Alexandria,
£483 ; the Oneida, from the Brazils, £14,328 ; and about
£29,628 in silver has been received from the Continent.
The exports have been £l,O 0 to the West Indies by the La
Plata, and there have been remittances to the Continent

(From Messrs. Bowles, Brevet, and Co.'s Circular.)
Paris, August 9, 1867.
The tendency to improvement noted in our last circular
continues, and the market has been active and higher.
United States Securities have been largely dealt in at
steadily advancing rates both for speculation and invest-
ment, and the issue of 1862 closes in active request at 831.
Several transactions have occurred in 1865's (daily
becoming bettor known) at 81k.
Our advises from New York are to the 6th August.
Gold 140
U.S. Bonds (1862) 1131
The Rento closes at 69 421
The Italian closes at
Exchange on London 23 171

(From E. F. Satterthwaite and Co.'s Weekly Circular, Aug. 7.)
Our advices from Now York, by the Scotia, bear date
the 23d July ; they report a slightly decreased demand for
Government Stocks, but without any noticeable decline
in quotations. The conversion of the 7-30 Treasury Notes
due this month, continued at the rate of about two millions
daily. In the Railroad Share Market great activity pre-
vailed, and prices were woll maintained on speculative
buying; Hudson River was the favom ito stock, and after
touching 121, closed at 120, an improvement of four, and
the latter of two dollars per share. _ _ _

State Stocks were in good demand, and first-class rail-
road mortgages were readily taken at enhanced quotations.
Gold had been steady during the week, ranging from 139
to 140.

Money continued abundant at from four to six per
cent.

RAILROAD TRAFFICS.

The Now York Commercial Chronicle, of 27th July, gives
the following with regard to railroad earnings :
The results of the second quarter of the current year
compared with those of the corresponding quarter of 1866
are shown in the statement which follows :

1866. 1867. 1866.1867
Railroads. Gross earnings. Ear.p.mon. in. Dec.
$ $ $ $
Atlantic and Gt.
Western -
Chic. & Alton 970,613 966,313 3,466 3,461 - 15
Chic.&GLEa.stern 311,256 280,286 1,219 1,001 - 218
Chic. &N. Westn. 2,275,944 2,406,744 2,205 2,102 - 103
Chic. Rock Island
and Pacific 925,400 793,679 2,257 1,936 - 311
Erie 3,498,709 3,458,014 4,384 4,462 78 -
Illinois Central 1,518,531 1,394,230 2,187 1,970 - 217
Marietta and Cin-
cinnati - 99
Michigan Central 1,044,014 981,712 3,663 3,445 - 218
Micbgn. Southern 1,228,560 1,051,996 2,344 2,007 - 337
Mil. &Pr.duChien 637,742 321,193 2,724 1,372 -1352
Milwk. & St. Paul 611,507 644,735 2,223 2,199 24
Ohio & Mississip. 814,477 807,803 2,395 2,376 - 19
Pit. Ft. W. & Chi. 1915983 1,660,115 4,091 3,547 - 547
St.L. Alt. & TAIL '503,099 515,263 2,395 2,459 64 -
Tel. Wab. & Wes. 912,424 950,940 1,751 1,829 78 -
Western Union... 232,932 159,121 1,316 899 - 417

Total 2d qtr. 19,123,37617,939,672 2,639 2,446 198
Total lstqtr. 16,231,753 16,071,818 2,241 2,192 49

The total length of the above railroads having been in
1866, 7,244, and in 1867, 7,331 miles.
With regard to the quarterly summary, the result is a
decrease in earnings, as compared with the 2d quarter of
1866, to the extent of $193 per mile of road operated, and
since January 1 the decrease has been $242 per mile.
This is about 5 per cent. on the aggregate.
These results are better than were anticipated, and the
loss has probably been balanced by reduced expenditures.
If this has been the case, the net earnings will not be in-
jured, while the coming half year is full of promise, and
may, from increased business, fully make up the gross
totals of the railroad year 1866.
We have to report a steady business in the London
market for American securities. United States Govern-
ment Bonds have been taken for home and continental ac-
count, where, as well as at home, there seems to be a grow-
ing disposition to look favourably on them as a permanent
investment; this, coupled with higher quotations from
New York, has advanced the price about per cent., the
1862 issue closing 731 to 1, and the 1865's 72i to f.

Illinois Central shares have been steady during the
week, and at 771 to 771 exhibit an improvement of nearly
61 per share. In Eries there have been some marked
changes; after being taken last week as high as 49, they
declined on telegraphic prices to 44 ; but to-day there has
been a decided reaction, and they close 46 to 46i. There
has been inactivity in railroad bonds of all descriptions
since our last, and they remain without change in price.

* A telegram from New York, dated August 6, informs
us that the debt is $,2,511,000,000.

THE END AT LAST.

(From the Nation.) ,

We presume the work of reconstruction, so far as
Congress has to do with it, is now over. This time
there is no mistake about the meaning of the Re-
construction Bill. The military commanders are
fairly installed in possession of the supreme autho-
rity in the districts assigned to them, and the Pre-
sident is more powerless than ever he was, for he
has fired the last arrow in his quiver. He has said,
it is true, that he will never " willingly execute" the
law—a speech which threw Mr. Boutwell into a

state of great excitement, and made him call more
solemnly than ever for impeachment ; but then if
presidents were to be tried and deposed for not exe-
cuting laws " willingly," we fear hardly any presi-
dent would reach the end of his term, because at
least one law is passed in every term which the
" chief magistrate" would rather not enforce. The
mass of the public, we think, will be perfectly satis-
fied if he executes the law at all, and has given up
caring greatly what his state of mind is. His last
two communications to Congress, particularly the
one in which he suggests the possibility of Congress
having to assume the whole debt of the Southern
States as the legal consequence of its interference
with the work of reconstruction, were too foolish
to make it worth anybody's while ever again to fol-
low the course of his thought with either interest or
anxiety. As long as he seemed a bold and desperate
man, as he undoubtedly did when he first began
the game of vituperation in the spring of
1866, his manner of looking at public questions
naturally was of considerable importance. But
the course which Congress has ever since pursued
has so cooled his courage that we really believe him
to be at this moment one of the most inoffensive men
in public life. As a general rule, when a president
announces that he means " to take the Constitution
for his guide," as Mr. Johnson has so frequently
done of late, he means that-he intends to pursue a
perfectly harmless career. The South, too, has by
this time given up depending on him. No doubt
there
.was a good deal of mischief done at first by
his exposition of his views, but the extent of his
powers is now known to everybody, and whatever
hates or hopes Southern men may cherish they
certainly have ceased to rely on Andret Johnson
for the means of gratifying them.
We have no doubt impeachment is by this time
au unpleasant subject to a large and respectable
body of members in both houses of Congress. In-
deed, we know from Mr. Stevens himself that he,
at least, wishes he were never to hear it spoken of
again, and we feel sure that many other members
are equally sensitive. Vie therefore refer to it
with considerable reluctance, a.r.d without the least
desire or intention of wounding any gentleman's
feeling. But we owe it to ourselves and to the pub-
lic to mention that the affair has ended very much
as we expected it would end—in rather ridiculous
failure. The longer the investigation lasted, the
louder were the promises of the inpeachers
and the smaller their performance. The com-
mittee has quarrelled a good deal, and indulged
in much open recrimination ; but in spite of
their quarrelling none of their " startling revela-
tions" have ever reached the public. We venture to
repeat the assertion which we have already several
times made, that the public knows now as bad
things of the President as any Member of the Qom-