The Sun.
London, England, 1858-07-12 00:00:00

AUSTR ALIA.

By the arrival of the European we (Times) have
received our private correspondence and files of
papers from Melbourne to the 15ti► of May.
The following is the letter of our Melourue cor-
respondent :

" MELBOURNE, MAY 15.
"'Tie Australasian, with the March mail, came
to anchor in Hobson's Bay on the morning of
Thurkplay the 13th inst., her arrival at the Heads

having been telegraphed on the previous evening.
Among the passengers is Mr. Childers, who was a

member of Mr. Ifaines'i Administration: When

Miuistry way succeeded by Mr.o'Sbanassy's
Cabinet in March, 1857, Mr. Childers went to

England,as emigration agent, but the policy of suc-
ceeding Ministries having changed, Mr. Childers

found himself without functions, and it is now un-
derstood—and believe not without foundation—
that he is clothed with powers from Baring's house
to negotiate with this Government for our railway
debentures.

" The Government bas accepted only one of the
several tenders—namely, that of. Messrs. Cornish
and :Bruce, from Melbourne to Sandhurst (Bendigo)

108 miles, for 3,350,9371.

The contractors, who

have executed several important works satisfac
torily in *the colony, have been able to fulfil

all the guarantees and conditiOrnfrequireianf
and have satisfied the Governi'ent_of their ability
to carry on the works to completion.- Odthe Ist

of June the first sod will be turned by the Gover-

nor, and the works are to be completed at the end

of 1801.

" The lowest tender for the line from Geelong to
Ballarat would have been taken, but the contac-
tors did not make those assurances and were not
disposed to agree to those conditions required in
the case of the other contractors. As none of the
other tenders were satisfactory to the Government
the line has been roadveitised. The line from
Sandhurst to the Murray river will not be under-
taken at present: Tho country is level, all the
lands are vested in the Crown, and it is thought
it may be cJntracted for on very ea4y terms here-
after.

" In round numbers the Government will re-
quire to raise 1,500,0001. by the sale of debentures
annually for" four years. The ultimate market will
be London, and it is desirable that they should be
supplied to that market through a single channel.
'there are.eight .banks here, and it is pretty well
understood that four or five of these banks are pre-
pared to supply the funds as required, upon the
draughts of the Government upon the London
house which may undertake the agency at home.
The annual interest which the colony will be re-
quired to provide will be as follows :-1858,
45,000/. ; 1859, 133,000/. ; 1860, 225,000/. ; 1801,
315,0001. In 1862 the interest on 6,000,0001. will
be 860,0001., but by that time the railways will be
productive, and I have no doubt will pay expenses
and interest ; but if not we have a revenue in round
numbers of 3,000,0001., with a Government expen-
diture of nut much more than half that amount, so
that we have only to suspend 3-.)me of the public
works and improvements to enable us to pay the
interest even in the most d sastrous times. That
the maiu trunk lines—and no other:, are contem-
plated at present—will pay I think cannot be
doubted. We have no'competing canals here. All
the goods to the interior and the wool and gold in
return will be conveyed by train. The passenger
traflie will be great, as we are as travelling a race
as the Anglo-Americans. The Hobson's Bay Rail-
way, though it cost a mint of money (labJur at the
time it was constructed being 11. a-day),pays 14 per
cent. ; the St. Kilda Railway rather more. The
Geelong, under every disadvantage, pays its expen-
ses, though the line is only partially opened, and from
want of means it is managed after aezitarveling sort 'of
fashion. If, however, contrary to my expectation, tke
new trunk lines should only pay their current expen-
ses, the country can well pay the interest, and the
national gain will be the difference between the pre-
sent enormous cost of transport (101. to 181. per
ton) and a rate of much less than half to be charged
by the railway. There will also La a national saving
of half the expense of travelling.
" Permit me now to say a few words about the
controversy which has taken place in the London
papers respecting the Geelong and Melbourne Rail-
way Company and their shares and debentures. I
observe that this Government has b- en even accused
of r repudiation,' because there is a dispute between
the shareholders of tho company and the debenture
creditors as to priority of claim upon the guarantee
of this Government. It so happens that I have
carefully kept all statutes, reports, accounts, &c.,
relative to our railways, and from recent inquiries
I believe I am in a condition to furnish a more
accurate statement than you and your readers are
ikely to get elsewhere.

which the law gives it a right to demand. It is stated
here, and I believe has been asierted in the Lon--
don papers, that the opinion of some eminent coun-
sel has been- taken as to the respective rights of the
bondholders and shareholderp, and that the result
is in favour of
,the preference claim ;of the bond-
holders or mortgagees. Looking at the terms of
the act, I have no doubt that such is the case, but
that does not.constitute any additional claim, legal.
equitable, 44 moral, on this Government. The Go-
vernor has guaranteed 5 per cent., or 17,50Ci1., on
the amount of the paid up capital ; the directors
have taken and accepted that guarantee ; the Go-
vernment pays it,- and will continue to pay it. A
court of equity would I doubt not: decree that this-
money should be paid by the directors to the bond-
holdefs, who have. a preference' by the terms of
the Act ; but there is no rule, legal, equitable, or
moral, which should oblige this Government to
pay twice over. This, it is said, the company have
asked the Government to do ;
,or failing that, to
forego the mortgage. To the former proposal lam
very sure the Legislature would not give its sane-.
tion ; the latter proposal, practically, may be con-
sidered as conceded. The mortgage never has been
deniended that I have ever hoard, and is, I believe,
not likely to be so. The line is open from Geelong
to Williamstown, 49 miles, and in spite of many
difficulties and great incompleteness has just paid
its expenses during the filet fiva or six. mouths.
The line from Melbourne to Willierastown, part of
the Melbourne and Murray River line, will be coat-
pletel in a few months. Then the Geelong line will
begin to yield some profit. The end of the business
will, I have no doubt, be that the Government will
have to take the line and pay off the capital
(350,0001.), the bonds or debentures (262,000), and
some 40,0001. or 50,0001. (I cannot learn the exact
amount) of floating debt. To put the line in per-
fectly good order will require an expenditure of
something like 300,0001. The result will be that
the Government will get a railway of 40 miles for
something under 1,000,0001. The interest on this
w;11 be 60,000/ , and the cost of working rather
under 50,0001., total annual outlay, 110,0001. I
believe when the Williamstown end to Melbourne
is finished the traffic will pay as much. lam pretty
certain •it will do so, and probably more when the
line from Geelong to Ballarat is completed ; but at
the same time I am convinced that it will be the
worst-paying line in the colony, for the simple rea-
son that it has to compete with water communica-
tion between Melbourne and Geelcng, now in a
very efficient state of nianegernent.
" I now appeal to your candour to 'say whether
there has been or is anything approaching to repu-
diation' on the part of this Government. The Go-
vernment has always performe and continues to
perform, its part of the contract, without exacting
the performance of the company's p at. It thus
leaves the relative rights of the bondholders and
shareholders, to anysettlement that they may agree
upon, unfettered by even the assertion of this Gee-
vernment's undoubted rights.
" The electric telegraph is completed to Adelaide,
but not yet opened. The governor of that colony
haprens to be on a tour in distant parti cf the
co!ony, and I suppose it was thought proper that
the two governors should have the first talk. The
line to Sydney is nearly finished. In political affairs
the colony is a blank. Mr. Chapman's bill to alter
the electoral districts and iucrease the number of
members passed the Lower House on the 26th of
April. Oa its introduction into the Upper 1-louse it
was met by a hostile motion of postponement until
the 13th of May, with a call. Mr. Miller, who had
charge of the bill, adroitly agreed to this, well know-
ing that it would give time for the expression cf
opinion out of doors. Soon after the Chief Secretary
moved the adjournment of the Lower House until
the same day. This has had the effect of concen-
trating public attention upon the Upper HouSe, and
'stns probably done with that intention. Thne is
very little doubt that the bill will pass ; all perties
consider this desirable, as no one desirts to perpe-
tuate political agitation, and there seems every pro-
spect now of the stability of the Ministry. They are
very wisely directing their energies to improve-
menti. Our local Parliament will be up before tire
end of the month, and most likely will be dissolved
about July. The new bill gives the country 93
members, instead of 50. The original proposal was
a house of tiB members ; the other five have been
added in the passage of the bill through committee.'
" A curious circumstance occurred in the election
for the Central province, vacant by the election
of Mr. Miller to take his seat iu the Upper House
for the Western province, after a double return.
Mr. Fellows, the late Solicitor-General, resigned
his seat in the Lower House, to stand for the va-
cant seat. He was opposed by Mr. A'Beckett.
There was a tie, the numbers being 301. for each
candidate. The returning officer gave the casting
vote fur Fellows. A'Beckett witl petition and de-
mand a scrutiny. Mr. Irving, Classical Professor
at the University, offered his vote. The return-
ing officer said he was not on the roll, avid refused
it. It turned out that the returning officer w..s
mistaken. Before the ballot there would have
been no difficulty in determing for whom he wished
to vote ; he would have tendered it as a vote for
his particular candidate. Now he merely claims to
vote iu the abstract. The question raised is, ought
his present declaration that he intended to vote for
Mr. So-and-So to be accepted ?
" I observe at a dinner that Mr. Labouchere re-
marked that he seldom got a mail without hearing
that some governor was in the midst of a Ministe-
rial crisis. This was probably not meant to be
taken au pied de la lettee. No doubt there
have been many changes, but from Mr. Lehou-
chore's point of view they are very much as if
all the shocking murders' were concentrated in
one number of the Times. It should be recollected
that in the Southern hemisphere there are now,
I believe, 12 or 13 'responsible Governments,' so
that t only once a-year,' like the August oyster
grotto, would give him one a month. Then we ate
in a transition state from the old despotisms to the
new democracies, and the change cannot be effected
without many struggles. The longest responsible
Ministry in all these parts has been that of Dr.
Featherston, the superintendent of the province of
Wellington, New Zealand, but that has been over-
thrown by the intrigues of the Wakefields.
" I have great faith in the working of these
constitutions with their local Ministries. There are
no complaints now against the home Government ;
no imputations of the baseness and servility of the
mother country ; no fierce threats of rebellion ;
notkng but honeyed addresses to the Queen on the
marriage of her daughter, with liberal contribu-
tions, where a great national act of benevolence is
called forth by a national calamity. We are DOW
bound to the empire by a common citizenship and
a common allegiance.
" I transmit papers with the usual commercial
information."

" The Geelong and Melbou,ne Railway Com-
pany obtained a private act of the old Council
on the Bth of February, 1853. By this az.:t
they were empowered to raise a capital of
350,0001., in .17,500 shares of 201. The com-
pany, was authorised to raise a further sum of
500,2001. by the issue of new shires. They wme
also empowered to borrow on mortgage to the
extent of one-third of the paid up capit.tl.
The interest on the money so borrowed vras
to be paid in preference to interest or dividends
due or payable by virtue of this act to the sa4id
shareholders or any of them.' Then followed a
provision which the company now finds very imam-
, venient. By sec. 72 of the Act it is provided that
if the Government shall at any time guarantee in-
terest, it shall be lawful for the said company (if
her Majesty's Government shall require the same)
to assign or mortgage the property of the said coin-

- - -
pang, and the rates arising or to arise by virtue of
this Act or any part thereof, as a security for ar,iy
such sum or sums of money as shall be so guaran-
teed, to be paid by the said Government to the
shareholders of the said company in pursuance of
such guarantee.'
"By an Act passed June 12, 1855, to amend the
was above Act, power was given to borrowex-
tent tothne.
olfie one-thirdGool vteh rrneeo
r should-tfhoettrreto f. It theive l)
guarantee 5 per cent. interest
up
also
- enacted, that if e
t
three-fourths
of
on the paid-up capital for 21 years, it should be
lawful for the directors for the tune being to take
and accept such guarantee, without the consent of
the shareholders, with this proviso—
" That any assignment or mortgage of the pro.
perty of the said cotnpany, made in pursuance of
the 72d section of the said recited Act, to secure
repayment of any sum of money paid under any
guarantee given or to b 3 given by her Majesty's
G ,vernmeut, shall have priority over all other
charges and incumbrances affecting the property of
the said company.'
" Before the passing of the last-named Act the
Government had guaranteed 5 per cent. interest,
first on 200,0001. of the capital (16th of February,
1853), and subsequently on the remainder of the
paid up capital (19th of October, 1854). This in-
terest on the whole capital, 350,0001, amounting to
17,5001. per annum, his been faithfully paid, and
so far is the Government from being open to the
charge of repudiation, that it has never even re-
quired the fulfilment of the condition that the
company should aF sign its property to the Govern-
ment as a security for the guaranteed payment of
interest. The company has borrowed 262,0001., at
7 per cent interest, with the exception of one squall
sum at 8 per cent., and this interest, calculating it
only at 7 per cent., amounts to 1,2751 per annum
more than it receives under the Government gua-
rantee. Now, you observe that with the respec-
tive rights of the bondholders or mortgagees and
the shareholders this Government has really no
concern, except that it has hitherto generously left
.1 the settlement of those rights unfettered, by ab-

COMMERCIAL INTELLIGENCE.
(From the Argus of May 14.)
Export entries were passed to day at the Cm-
toms for 19,265 c z. of gold, of which quantity
4,8770 z. were for shipment in the Eui optan for
Suez, 12,5530 z. in the Hougournont for Lontio,
1,834 r z. in the Bengal for Hong Kong. The gold
market has continued dull this week on the gold-
fields. The impression still prevails that after the
despatch of the European the rate will be reduced
to par. In town the bullion brokers are buyers
at 31. 14s. 6d. per ounce for stand trcl, or for
Castlethaine and Sandhurst 765. to 765, 61 ; 775.
for Mount Kerong ; 78s. to 78s. Gd. for Dunolly,
Maryborough, Fiery Creek, and Avoca ; 765. 6d.
to 77i... for Ararat ; 765. for Pleasant Creek ; 775.
Gd., 78s. Gd., to 80s. for Ovens ; and 78s. 61 to
70s. Gd. for Ballarat.
Tho total quantity brought down by escort this
week has been 46,1470 z. This is 1,533•;z. below
the average of the quantity for the pest year, and
4,2220 z. above the average of the. first quarter of
the present year. In the following list, the for:-

etaining from enforcing that priority of mortgage

•
ege?
V/Z NEWSP.ApER
and iis dep:,ndeneiss, and Vice-Admiral of titre
,xl-' .
'Whereas it is commonly reported that cert
other vessels have entered Frazer river fo
whereas there is reason to apprehend that
are preparing and fitting out boats and vas 141_ A" Pi'
same purpobe ; now, therefore, I have 'see
••, • .
,prociamation,.warningall persons that such act o
teary to la*, and 'infringements upon the right Misfit, S
alludson's Bay Company; who are legally entitled to the
trade with Indians in the British possessions on ti.e
'north-west coast of America, to the exclusion of all other
,persons, whether British or foreign. And, also, that
after 14 days from the date of this, my proclamation, all
ships, boats, and vessels, together with the goods laden
.on board, found in Frazor river, or in any of the bays,
rivers, or creeks of the said British possessions on the
north-west coast of America, riot
sufferance ot ~itvinifraanlcureenficoenfirtore
the Hudson's Bay Company, and
Proper officer of Customs at Victoria, shall be liable to
forfeiture, -and will be seized and c udewned according
to law. Given under my hand and seal of Government-
house' Victoria, this Bth day of May, in the year of our
Lord 1858, and in the 21st year of her Majesty's reign.
"JAMES DOUGLAS, Governor.
" By his Excellency's command,
"RICHARD GOLLSDGE, Secretary.
"God save the Queen !"
The San Francisco Bulletin, of June 5, says that
the proclamation has caused mt a little discussion,
and was destined to be canvassed there and on'the
other side of the water, for that it struck agairrit
Yankee and Englishman alike, and ruled out ail
who were not connected with the Hudson's Bay
Company.
Colonel Steptoe, of the United States' army, bad
been attacked at the first crossing of the Snake
river, Oregon, by a large body of Indians, who
killed three of his officers and 5(1 of his men.
• A.dtspatch at Sr. Leuis, from Leavenworth 24th
ult:, by the United States Express Company, t)
Booneville, says that an express from Camp Scott,
bringing daces to the leth ult., had - arrived.
Letters from the garrison by this arrival reported
Colonel Helman within ono and Captain Marcy
within two days' march of Fort Bridger. - It was
sta.ed that. Governor Cumming felt consideralle
distrust of the Mormons aLd their promises, and
that the army would break camp and march on the
eat_ital. By the 15th ult. there would, be tan effi-
cient and well arinedforceot 2,600 men, provisions
in plenty, and the troops eager fur the command to
March. -
A telegram.from St. Louis of. the 29;h of June
reported that a despatch from Leavenworth of the
27th stated that two companies of the 2d Infantry,
going to garrison Fort Leavenworth, together with
two companies of the same command then at Fort
Scott, had been ordered back to Fen Randal'.
They. were to te accompanied by 26) recruits who
were expect: d to arrive within 10 days teem the
Eistern . Stat,s. The hostile attitude of the
Indians in Nebreeka was reported as the cause.
The steam-ship Catewbi with advices from fla-
vannah to the 15th nit., Lad ai rived at Charleston.
The better grades (:f 'sugar were ac.ive, at steady
priors, but the inferior grades wire depressed.
Muscovado molasses one real dearer. Sterling ex-
change, 12 to 13.
Martin fiesta, the refugee, who was rescued Irene
the Austrian authorities in 1853 by Capt. Ingra-
ham, of the U.S. navy, had died near the city of
Guatemala, on a sugar plantation.
The advises from Valparaiso are to the 16th.
The accumulation of capital in the New York
money-market continued, and the bank dep .sits
had reached a higher figure than at any previous
date. The investments by several banks in Govern-
ment treasury notes had added another million to
the aggregate loans, which were la qtly iu excess
of the cee re.eponding, perieds of 1856-7. Nine of the
b inks had reported over one million each in
and two of them had together rover' and a lia'f
millions.
Secretary Cotab had given notice that proposals
for $10,000,000 of the Government lean authorised
by taa late act of*Congrees would be r, by the
Treasury Departinant uiitil Aug. 9. The st als: will
bear int,r,st a- the rate of 5. per cent . per annum,
peyaide on the Ist of January and Ju y, and the
principal will be reimburairb'e in 15 y, ars from Jan.
Ist next. No bid will be received ta-lrav par, nor
for any fractiAl of $l,OOO, and all bi Is must be Unc
condiiional, and without reference to the bids of
others. One for cent r f the amount bA for is t o be
placed in one of the dep:isitories of the United
States, and tie payments on those accepted must
be wade on or before Sept. next.
NEW YORK, JUNE 29.
Stocks dull and lower. Virginia Sixes, 95 ; Mis-
souri Sixes, 87l ; Galena and Chicago Second
Mortga2e, 89 ; Lacrosse Land Grans, 34 ; Lacks-
wana, Erie, and Western First Mortgage, 62 ; Pa-
cific Mail Steamship Company, 77 ; Delaware and
Hudson Canal, 99 ; New York Central Railroad,
821 Erie Railroad, 17 ; Cleveland and Toledo
Railroad, 3ia, 810 ; Harlem Railroad, 91 ; Laorosse
and 2,1 lwaulEte Railroad, 6 ; Reading Railroad,
44i ;- Michigan Southern and Northern Indiana
Railroad, 211 ; Cleveland, Columbus, and Cinciu-
-neti Rail. oad, 92.

nightly escorts are distinnithed from the weekly
by the prefix of an asterisk :
Name of Goldfield. Gold.
, Oz. dwts.
Castlornaino
Sandhurst
*Bpchworth ...... 7,984 10
*Rughworth -'5&O 10
Ballarat
*Heathoote 2,83110
.*Creswick's Creek 3,391 10
*Buckland River
*Dunolly 2,924 0
Maryb.rough
*Yackancladah

No. of
last Receipt.
20,671
37,274:
103
12,217
3,333
2,330
754
1.010
5,793
1 [8

46,147 10
The total quantity of gold brought down by-es-
cort, last week was 89,9210 z. This is 6;5420z. above
the corresponding period of 1857, but. 7,7590 z. be-
low the weekly average of that year. It is also be-
low the average of the first qu%rter of the current
year by 2,0040 z.

IKS.

1857.

Oz. dwtg. Oz. dwts.
Castlemaine 0,610 10 ... 5,730 10
Sandhurst 8,710 0 ... 8,411 0
*Ararat 4,68910 ...
Ballarat 9,163 0 ... 11,147 10

. ,
*Avoca • .
"Fiery Creek
*Black wood .
_9B 0- .•. _ =

*Amherst 1,132 0 1,950 0
*Pleasant Creek ' 6,023 10 ...
btaryborough . 2,159 0 3,079 0
Creswick's Creek — 1,006 0

Mount Franklyn •

39,921 0 .
Provious e5c0rt5......,..736;;3i 5 .

49 10

33,370 0
763,101 6

.
Tdtsls for the ye:tr...770,657 5- ... 7.6,453-• 6
The shipfuents this week have teem 25;944 :z.,
in the Eagle, in the following parcels :—Bank Of
Australasia, 10,6520 z.; Bank of New South Wales,
9,9910 z. ; Bank of Victoria, 5,0040 z. ; small ship-
ments, 2970 z. A number of parcels are co:oing
forward for the European, but the probable total
cannot yet be arrived at. Up to the close of last
week the shipments amounted t0•847,3810z.; or 35
tons 6 cwt. 151 b. loz. • the value of whi:th, at 41.
per oz., amounts to 3389,524/.
Exchange on England is at 1 per cent. for 60
days' sight; for amounts under 50/., at.l4 per cent.
prem. for 0 days' sight. Freight on gold, by dirt ct
ste-tmers or sailing vessels, 3d. per oz., deliverable
in London; insurance, 14 per c-n..., ,by the over-
land route, per cent.—that is, 7,1. per oz. as
nearly as possible; insurance, to 1i per cent.
In the shares of lolal joint-stock c mpanies there
has no 'been much doing, except in small parcels.
The following are the latest sales repor•ed:—Bank
of Victoria shares at 384. Cobnisl. Bank shares
hitvel hewn offering fiealy at 61., but there has been
but little demand. Australasian Fire Insurance
Company's shares have changed hands at 30i., and
Melbourne Insurance at 12s. 6d. per share. Mel-
bourne Gas and Coke Company's shares are qu,ted
:.t 37i to 40 per cent. prem. for the first, second,
and third iisnes. The new issue, with 11. paid up,
has been sold at 2/. per share. There are none
of the old issue of Government debentures in the
market, end pending the issue of the loan rates are
uct quotable for any of the colonial debt.
THE GOLD-FIELDS. . .

_ .
Thc extraorlivary and long-protrae' ed drought
of the tummer and the great tit;ireity of water on
all the gold-fielth have letl•to the discwsion, as we
mentioned in our last summary, of the p,ohal,iliCei
of our fututo supply of the prenous =A.. Unless
method, combined action, and michinery be called
in to aid the labour of the miner, the calling must
on the old fields become one itolding out fewer
inducero‘nts thAn has hitherto been the case.

Watt r has been the crying want of the miner for
the last four months, and so severely has the Want
made iiself Jelt thai; steps are being evoiywhere
taken to prevent, as far as possible, recurrence
of the evil. Ou all sides natural reservoirs and
collecting guiliis are being looked-out and ex-
amined, with a view to the formation of water
compani-. s.
At the commencement of the current year the
yield of the gold-fields was at a very low ebb and
very few signs of any increase occurred un if the
partial rains of the mouth of March had provided
the miner with the means of realising the produce
of his labour. The following is a statement of the
quatitititsreoidved by escort monthly during the
first four months of this year and 1857, by which
it will b 3 seen that the incrt4k.e bas been gradual
1857, 1353.
'oz7 &wt. Oz. dwts.l
200,852 3 ..-.--159,017 0 .
Fdbt miry ... 169,76) 10 1 7,415 0
March —. 166,674 9 .. 230,014 10
April ... 177,296 0 ... 191,701 0
A new goldfield has been opened up on the
New South Wales side of the Murray, at the
Moreka Creek. Several bodies of miners from
Yaek3ndandan and other parts of Bt.ce!iworth have
s t out for the new spot. The gold is reported
ti" be found a few feet from the surface, and to
be very pure. The locality is described as at the
head of the Murray, above Jingellick, 90 miles
from Albury. At the Woolshed preparations
for sluicing during the winter on a very exten-
sive scale are being carried on. The like prepara-.
tions for the winter are going on at Bendigo,
Oastlernaine, Maryborough, audDunolly. Ballarat,
the most celebrated of all the gold-fi,lds for the
richness of its yields, is, for the present, very quiet.
The sinking, generally is deep, and the leads are
becoming more uncertain. The most western field,
Pleasant Creek, has all the appearance of being
about to b 3 deserted for the winter. This has
arisen in a great measure from the ex out to which
prospecting has been carried on in this district.
The means of the working miner have been wasttid,
and he has I.)..eta compelled to seek other spots in
which the chant=s of success are more nearly within
his reach.

NEW ORLEANS, JUNE 28.
Co ton firm ; sales to thy 4,000 bales. Sugar
steady. AloLuise-, prime, 274 c. Flour $5906. for
extra. Corn (white), 95c. to 100 c. Provisions vdry
dull. Other articles unchanged.
BALTIMORE, Jimis 29.
Flour dull ; Ohio and Howard-street, $4 374 e.
Wheat active, at $1 se. to $1 10c. for red, and $1
12c. to $l. 30e. for white. Corn steady; white, 74e.
to 75c.

NEW YOR,K,JuLY 1, EVENING.

Ourcotton market is very 'dull, and the sales are
quite unienpurtent. Flour is quiet, and prices are
slightly lower. Wheat also shares in the depression,
and thc quotations are reduced. Indian corn is
dull, at.. ab:Art, previous rates. In provisions the
only changs of moment is in pork, which is dull
and cheaper. Lard is steady at former prices.
Th 3 stock marketis dull, and prices have slightly
recaded.

Messrs. Neill, Brothers, and Co. report the cot-
ton market hero quiet, at 121 c. to 12k. for middling
uplands. Their reports from the south call the cot-
ton markets firm and middling selling at New Or-
leans at 11;c. tol 2e. and in Mobile at 12c.
NEW ORLEANS, JUNE 30.

AMERICA.

Our cotton market is firm, but quiet', the sales of
the past two days amounting to only 3,000 bales:
HALIFAX, JULY 1, EVENING.
The steamship Indian Empire, overdue at this
port from Galway, has not yet been heard of.

4

LIVERPOOL, JULY 10.

The British and North American Royal Mail
steamship Europa, Leitch, commander, has arrived
from Boston, via Halifax, with dates to the 30th
ult., New York, the 29th tilt., and by telegraph
via Halifax, to the Ist inat., 118 passengers, but
no specie.
The Europa has made an excellent run, having
left Boston harbour at 0.12 p. m. on the 30th ult.,
and arrived at the Bell Buoy to-day at 2.45 p.m.
On the 6th, 7tb, and Bth inst., with south westerly
and north-westerly winds, she ran 900 miles. On
the 3d inst. she exchanged signals with the English
ship Sea King, bound East.
The Royal Mail steamship Arabia, hence, had
arrived at Halifax.
The Canadian Company's screw steamship Anglo-
SaxOn, hence, had arrived at Quebec, and the
steam-hip Ariel, from Bremen and. Southampton,
at New York.
Advices from Washington state that the Govern-
ment had taken a decided stand in regard to Cen-
tral American affairs, and that the Governments of
the several States are at once to be informed,
through the United States' Ministers, that the Ad-
ministration is determined in any event to sustain
all the rights and interests which had been secured
to its citizens by grants or charter.
The weather in New York had been very hot,
and sever al deaths from sun-stroke had taken place,
On the 29th it was three or four degrees cooler. .
The suspension of the Exchange Bank of Griffin,
Georgia, had b-en announced.
The distillery of Geoege Curry and three adjoin.
ing buildings at Cincinnati had been destroyed by
lire. The loss was estimated at 30,000 doll.
A fight had occurred at Philadelphia between
two rival companies, in which one man was killed
by being shot through the head, and two other men
were wounded. On the same evening a fract(s had
occurred on board the Glocester ferryboat, which
resulted in the deal' of a Mr. B. Neal.

An old lady, Mrs. Elizabeth Parker born in
1743, 33 years before the Declaration ofindepend-
ence, had died in Durham, Cumberland county.
Up to about 110 she is said to have possessed
bodily vigour sufficient to enable her to work in
the garden.
The steamship Moses Taylor had arrived at New
York from Aspinwall, with advice, from San Fran-
cisco to the sth ult., and 1,799,502 doll. in specie
on freight. The rush to the Fiaz gold mines
continued, and about 2,500 persons bad passed
through San Francisco since April 20, mostly
miners from the interior county of California. It
was estimated that about 5,00 Q persoi. s were already
collected in Puget Sound en route. '
The English war steamer Satellite is said to have
received orders to maintain a close blackdde to
prevent trading vessels ascending ; that miners and
their goods in open boats were not to be molested ;
and that a large number of men wero engaged cut-
ting a road from Puget Sound to tile banks of the
FrAzer rive-. _ _

The San Fr,neizeo correspondent of the New
York Herald states that, in addition to a miner's
license having been instituted, the Governor of
Vancouver's Island had issued the following p; ocla-
mation
"By his Excellency James Duuglae, Governor and
Commander-in-Chiet of the C}lony of Vancouver's Island