The Sun.
London, England, 1866-08-25 00:00:00

MISCELLANEOUS AMERICAN NEWS.

The New York correspondent of the Herald
records some " sharp practice" on the part of the
Tribune of that city. The cost of the despatches
from Europe through the Atlantic cable is very
great ; but up to the present time the intelligence
received has not been of a very " sensational" cha-
racter. The expense is, however, borne equally by
all the New York journals who belong to the "Asso-
ciated Press ;" and according to one of the rules of
the association a despatch sent to one newspaper—
unless upon domestic political subjects or from
Washington (the national capital) or Albany (the
State capital)—is made the common property of all,
each journal using such special despatch paying its
proportion of the cost of transmission. The Tri-
bune, we are told, received several special des-
pltitches from its correspondenfin London. These
despatches appeared solely in the journal to which
they were addressed ; but they should have been sent
to all. This violation of the agreement led to an
extraordinary meeting of the cc Associated Press." A
very sharp discussion arose between the various
newspaper publishers. Finally, the following reso-
lution was adopted by a majority of the represen-
tatives of the several journals :—" Resolved, That
each member of the association instruct the tele-
graph company, in writing, to send every special
telegram of foreign news, which may be sent to any
newspaper, not to the office of that newspaper, but
to the office of the Associated Press,' there to be
manifolded and distributed at the same time to all
the members of the association."
Some time ago we mentioned that a boat of two
and a half tons named the Red, White, and Blue
was about to sail from New York across the Atlan-
tic—her ultimate destination being Paris, where
she will figure to the sightseers of the forthcoming
Exhibition as a sample of American enterprise and
daring. This vessel has arrived in the Thames off
Greenhithe, after a most remarkable passage across
the ocean. Her crew consisted of her commander,
Captain Hudson, formerly of the United States
Navy, and his mate, F. Fitch. The captain
brought on board a favourite dog, but it had to sit on
its haunches, as its run on board comprised the
fisherman's walk—two steps and overboard—dis-
agreed with him, and he died. He might have
been useful in calms, for, if a large and powerful
animal, he could have done something to propel
the craft by sitting astern and howling. On the
18th July, at midnight, the boat struck something
very solid. All sail was set, and the shock stopped
the vessel's headway. No damage was sustained.
On the sth August they sighted and ran alongside
the barque Princess Royal, and received from her a
bottle of rum, two newspapers, and a signal lamp.
Twice she was thrown on her beam ends, and
righted without damage, but off Ushant, in a heavy
.sea, she was struck by a vrave, which again threw
her over, filling the cabin and cockpit, which was
cleared out by baling. At noon, on the 14th, she
made the Bill of Portland, and on the 16th she was
towed into Margate during a strong gale from
W.S.W. As there was no chronometer on board
the vessel was worked by dead reckoning. The
master kept one watch and the mate the other.
They had 120 gallons of water on board, little of
which was used in cooking, the heavy seas prevent-
ing fires. The captain was warmly congratulated,
and much interest was excited, especially among the
American sailors, at the marvellous passage.. We
beg to tender to Captain Hudson and Mr. Fitch
our hearty congratulations on their safe arrival,
and we hope to have an opportunity of seeing the
White, and Blue. The
now famous little Red,
boat might be carried as it stands into the United
States Department of the Paris Exhibition. Ar-
rangements have already been made to show it at
the 'Crystal. Palace.

COMMERCIAL INTELLIGENCE.
NEW Yonx, Friday, Aug. 10, 1866.
Gold is steady, closing at 148!, and Government stocks
aro all firm and in good demand for investment. Bank
shares aro well supported ; also railway mortgages. The
as money remains cheap, and
tendency is still upwards,
will probably become cheaper still. The railway sham
market has been irregular, caused by the operations of
speculators taking their profits on the considerable advance
which has occurred during these few weeks. Eries con-
tinue to be the favourite with this class of operators.. At
one time they were forced up to 69k, but after the call the
market drooped—new buyers not being abundant. Con-
sidering that the lino does not earn interest upon its
bonds and tho money necessary to pay its leases, I consider
there aro exceptional causes for the high price at which
they are quoted. Call loans are now quoted at 4to 5 per
cent., and commercial SGI from prime to good. I send
you the Sub-Treasury receipts and extracts showing the
state of the Boston, Cincinnati, and Chicago markets.
The business of the Sub-Treasury was—Receipts,
$1,059,317 19 ; for Customs, $580,000 ;payments, $601,170
10 ; balance, $86,496,014 56 ; gold notes, $lOO,OOO.
The Cleveland and Toledo Railroad Company have
issued $1,000,000 of mortgage bonds for the construction
of 25 miles of new road, to use instead of an equal number
of miles of the Cleveland, Columbus, and Cincinnati Rail-
road, which they have heretofore used for their Cleveland
terminus.

The Cincinnaiti Gazette of Wednesday says :—Tho