The Sun.
London, England, 1858-09-14 00:00:00

rnE SUN, LONDON, TUESDAY EVENING, SEPTEMBER 14, 1858.

be fatal to the project. But it would be inaugu-
rated under very different auspices—when the
coffers in Threadneedle-street were filled to
repletion, as will shortly be the case—
when the bullion in both departments exceeds
£20,000,000 and the reserve of notes £12,000,000,
or about three tiifies flie amount required for the
business of the banking department. This is the
time when the matter can be fairly considered, and
justly decided, without either fear or favour, preju-
dice or affection, and this is the time when the
monetary reformers should set themselves to work
earnestly and zealously, for the purpose of destroy-
ing the monster grievance that has so seriously
affected the welfare, happiness, and prosperity of
the industrial population of the country.

LATEST NEWS.

INDIA AND CHINA.

The Peninsular and Oriental Company have re-
ceived the following telegram :
" MARSEILLES, MONDAY.

" The Vectis, with the mails from China, Cal-
cutta, Bombay, and Mauritius, arrived at 5 p.m.
The mails will leave for London at 10 p.m.
" The ship and passengers will be two days in
quarantine."

FRANCE.
PARIS, MONDAY EVENING.
Political discussions seem completely abandoned
for the moment by the Paris journals.
The Moniteur of to-day publishes the concession
of mines in New Caledonia.
M. Henri de Pene, the contributor to the Paris
Figaro, who was so dangerously wounded by Lieu-
tenant Hyenne in the duel near Versailles about
four months ago, has taken up the pen again, and
writes a letter to the Brussels journal, Le Nord,
from the baths of Nauheim in Germany. M. de
Pene states that he has completely recovered from
his wounds, and is now restored to perfect health.
A Paris letter in the Nord of Brussels has the
following :—" Lord Palmerston, during the last
days of his residence at Paris, saw more than once
, Lord Cowley, Lord
HLord d Stratforden B aßaron
en
de
ee Redcliffeßothschild, and M. Thiers. M.
Thiers came up from his retreat at Franconville,
where he is completing the last two volumes of his.
History of the Empire, to see the ex-Minister. At
one of their meetings at the Hotel Bristol, Lord
Stratford de Redcliffe was present, and the conver-
sation having turned on the state of Turkey, M.
Thiers asked Lord Palmerston if he thought the
' sick man' was about to die. The English states-
man replied, according to his custom, by plea-
santry—' I was one day walking in the streets of
London,' said he, when a person told me that
my pocket-handkerchief was hanging out of my
pocket, and that I should lose it ! Thank you, sir,'
I answered, but I believe that unless some one
pulls it out it will not fall ! Well, Turkey is in the
same position—if she be not thrown down she will,
I am convinced, maintain herself perfectly !"
A Paris letter in the Journal die Havre says :
" Lord Stratford de Redcliffe, in reply to a ques-
tion as to the length of his stay at Constantinople,
said that he did not think it would exceed a week,
and that he should not have gone back at all if it
were not to obtain some important papers which he
had deposited in a place of safety. In diplomatic
circles it has been remarked that Lord Stratford de
Redcliffe did not make a single diplomatic visit
during his stay at Paris."
BOURSE, Sept:l3.—The market at the opening was
rather flat, and prices slightly declined, owing to
large realisations ; the tone of the Bourse continued,
however, favourable, and money abundant for in-
vestment in good securities. Threes, after having
been done at 72f, 80c., rallied to 72f. 90c: ; Mobilier
varied from 927 f. 50c. to 937 f. 50c. ; Austrian, 692 f.
50c. to 695 f. ; Orleans, 1,407 f. 50c. to 1,412 f. 50c. ;
Northern, 977 f. 50e. to 980 E ; Eastern, 752 f. 50c.
to 755 f. ; and Southern, 592 f. 50c. to 597 f. 50c.
The market became rather heavy towards the close,
when the following were the last quotations :-
41 per Cents. .... 96 75 Credit Foncier 660
Do. end month 96 Belgian 41 lOO 37
3 per Cents. 72 50 Piedmontese (.5)
Do. end month.... 72 75 Roman 92 50
Bank Shares. 3150 Austrian
Credit Mobilier .. 930 Spanish Threes
Do. Account ..... 930 Home Debt 4O

RAILWAYS.

Cash.
Orleans
Northern

Account.
.. 1412 50
975

New ditto. BlB 75 .. 820 -
Lyons and. Mediterranean 8:52 50 .. 847 50
New ditto - -- • •
Geneva 645 .. 64.5

Midi 597 50 . . 515 7--
Western 640 . . 645
Eastern
Grand Central
Sardinian .
Austrian.

467 50 . 467 50
690 - .. 682 50

SPAIN.

The 11Iadrid jmirnals of the 9th state 'that Gen.
Prim, who, in addition to the military experience
gained in the civil wars, took part in Omer Pacha's
campaign on the Danube, is to be appointed com-
mander of the expedition against the Riffs. They-
add that the expedition is extremely popular
throughout the country, the atrocities of the pi-
rates having long excited the indignation of the
people, and even been made the subject of songs,
plays, and novels. The Espana, whilst thanking
the French Emperor for having approved of the
expedition, expresses the hope that Spanish troops
will be also engaged in it. One of the journals
says that the Queen desired that the name of
O'Donnell should be given to the ship
of the line launched at Ferrol, but that
the President
of the Council declined the
honour. It is stated that, whilst in some
parts of the country the elections excite so little
attention that it has been found almost impossible
to organise committees, in others they have created
as much enthusiasm as those of 1854. Letters from
Barcelona state that the workmen have for the
most part returned to the mills, and that public
confidence is completely restored. They also state,
on what they represent to be undeniable authority,
that Captain-General Dulce has declared to the
Government that he does not see any necessity for
prolonging the state of siege in Catalonia, which,
with short intervals, has lasted upwards of 20
years ; also that trade is improving, authority re-
spected, and confidence in the Government com-
plete. He is of opinion, however, that it will be
best to go on with the present system of trying
highwaymen by martial law, instead of by the civil
and offers batter gua-
rantees that bandits will not escape.
courts, as it is more speedy,

It appears to be the less useful to enter into discus-
sion relative to the ministry established on the 16th
Oct., 1855, for the internal affairs common to the
whole monarchy, that the King has thought proper
to suppress that ministry by an ordinance of the
29th July last. Moreover, the King's Government
can completely adhere to that supposition of the
committee as regards the patent of the 23d June,
1856, and the articles 1 to 6 of the ordinance of
the 23d June, 1856, it being fully understood
that in so doing no prejudice be done to the
tenour of the latter articles, in so far as they
repose on preceding laws and rules ; in this
respect it will suffice to recal as an example that
Art. 1 refers to the law which regulates the suc-
cession to the Crown, Art. 2 to the rights and
duties of his Majesty as member of the Germanic
Confederation for the Duchies of Holstein and
Lauenbourg, &c. As, besides, the King's Govern-
ment has perceived, in the form of the confidential
communications indicated by the last federal reso-
lution, a step towards the negotiations, properly so
called, which he proposed in his declarations of the
26th March and the 15th 7uly last—which nego-
tiations are still, in its opinion, the sole means of
coining to a satisfactory arrangement—it has au-
thorised its representative to make to the united
committees of the Diet, in case he be invited, the
confidential communications which arc possible in
the present state of things on the manner in which
it understands the definitive regulation of the con-
stitutional situation of the Duchy of Holstein and
the Duchy of Lauenbourg in the Danish monarchy."

ANOTHER ANGLO-AMERICAN ENTER-
PRISE: OVERLAND ROUTE TO THE
PACIFIC.

On the 10th, of July last a large meeting of citi-
zens was convened in the House of Representatives
at St. Paul, Minnesota, to discuss the project of a
northern route to the Pacific. A report of a com-
mittee was read, several speeches delivered, and a
series of resolutiols adopted. The first resolution
reads as follows :

" Resolved,—That the citizens of Minnesota, =in
common with the states of the north-west, are
deeply interested in a connection between the nor-
thern lakes and the Pacific Ocean and if sec-
tional counsels shall prevail at Washington, ex-
cluding the great national highway between Lake
Superior and Puget Sound from its equal and just
recognition by Congress, then we congratulate the
citizens of the lake states, that by
.co-operation
with our Canadian brethren, an international
route through the valleys of the Red River of the
North, the Saskatchewan and the Colutzbia, is not
only practicable, but will develop the most valuable
portions of the North American continent into
powerful and populous states."
This is rather a significant declaration, and we
see no good reason why it should not at a future
time, not very remove, be realised. It is quite cer-
tain some means of expeditious communication
across the continent between the two oceans is a
desideratum which the social, political, and. com-
mercial developments of the age must soon and
inevitably achieve ; and it is just as certain that no
single connection of the kind will satisfy the exi-
gencies of the time, and the rapidly expanding em-
pire that is growing up and spreading itself out
over the whole face of the North American section
of the hemisphere. The Congress of the United
States has been strangely insensible to the immense
and urgent importance of this subject, and with the
present and long-to-berprotracted controversies and
jealouses which divide the North and South—the
free and the slave States of the Union—in the
councils and action of the Federal Government, we
fear that the question of opening the desired com-
munication with the Pacific by railway, will con-
tinue to be wrangled over and deferred by Congress
for an indefinite period. The only alternative,
therefore, will be the independent action of the
people of the northward, the middle, and the sou-
thern departments of the Confederacy, and the city
of Minnesota have very distinctly and boldly de-
clared their purpose to. take their interest in this
matter into their own hands, provided the further
delay of just and liberal legislation at Washington
drives them to that extremity. Nor does their
manifesto contain any vain boast when we consider
the manner in which they propose to carry it out.
Affirminc, in more explicit terms the intention of
the resolution we have quoted above, a Mr. James
Taylor, in a very forcible and intelligent speech to
the meeting at St. Paul, used this emphatic lan-
guage _ _

"`hut if the determination to exhaust the diplo-
macy and treasury of the country in spasmodic
attempts to sectionalise this vital subject is per-
sisted in, Minnesota, at least, has only to reach a
friendly hand across her northern border to extri-
cate herself from 211 the consequences of congres-
sional injustice. 'We have come to know the people
of Canada—equally American citizens with our-
selves—at least under the auspicious influence of
reciprocal trade and future identity of interests, if
not of political association. English capital also,
sensitive to the immense benefit of attracting the
boundless transportation of the north-west over the
public improvements of British America, and fully
conscious that the Canadian railroad system can
never be carried to the north of Lakes Huron and
Superior, crosses the Detroit river, builds a road
through Michigan even at this season of financial
depression, and will yet co-operate with the citizens
of Wisoonsin and Minnesota in a connection with
British America at Pembina. Thence to Van-
couver,' will be the watchword of progress, con-
tinental in the grandeur both of design and
result. The time has long passed when the danger
of future wars with England will deter from
undertaking and consummating such an inter-
national enterprise. If, in the late war with Russia,
a secret compact mutually exempted from its hazard
the British and Russian fur trading posts on this
continent—if we have at this moment an agree-
ment with Great Britain that neither Power shall
exceed an insignificant number of guns on the great
lakes, and if the telegraph, when successfully sub-
merged on the Atlantic plateau, is unquestionably to
be neutralised during the accident of international
hostilities—surely an emigrant route in the first in-
stance, and the railroad soon thereafter to succeed
the waggon or mule track, may be safely entrusted
to the guardianship of peaco and civilisation. No
other guarantee of protection is needed than the en-
lightened intelligence and moral sensibility of the
Anglo-Saxon communities, only separated by an
ocean."—Philadelphia Evening Journal.