The Sun.
London, England, 1866-09-17 00:00:00

MISCELLANEOUS AMERICAN NEWS.

The Republican Convention at Pittsburg was to be
held on Monday, 3d September, under the auspices
of A. J. Hamilton, ex-provisional governor of
Texas, Fred. Douglass (coloured), and others.
Most of the Republican leaders throughout the
country are expected to be present, and the proceed-
ings are expected to be important, inasmuch as they
will probably define to some extent the course to
be adopted by the Republican party in view of the
approaching elections.
We hear that the New Orleans Conventionists
are about to issue an address explanatory of their
position and plans. They propose to hold another
meeting this month, and it is said that the military
will protect them.

We notice in the Philadelpia Inquirer that a negro
at St. Louis was seized with cholera, when the physi-
cian bled him and prescribed bi-carbonate of potassa
to be used in the form of an unguent. The negro
misunderstood the directions, swallowed the prepa-
ration, and, in an hour or two, was perfectly cured,
although he was in a state of collapse when the
physician was called !
The following letter from the Horse Guards has
been transmitted by the Earl of Carnarvon to the
Governor-General of Canada :—" Horse-Guards,
21st July, 1866.—Sir,—With reference to the seve-
ral reports which have been received from the
General Officer commanding in Canada relative
to Fenian movements in that province, and to the
measures taken by the colonists for repelling any
Fenian attack, I am directed by the Field Mar-
shal Commanding-in-Chief to request that you
will acquaint the Secretary of State for War
that his Royal highness having observed the
alacrity, loyalty, and zeal shown by the
volunteers and militia forces of Canada in having
come forward for the defence of the colony on the
late trying occasion in support of the troops, is very
desirous of expressing to the force his full apprecia-
tion of their gallant and energetic behaviour and
very great gratification and satisfaction he has
thereby experienced. And his Royal Highness
trusts therefore that Lieutenant-General Peel will
see no objection to the necessary communication
being made by him to the Colonial-office, with a
view to his Royal Highness's sentiments as above
expressed, being made known through the proper
channel to the volunteers and militia of Canada,
lately employed against the Fenians.—l am, &c.,
(Signed) " W. F. FOSTER."

A person signing himself M. Nassau, and dating
his letter New York, August 28, writes to the Times
on American finance. His object is to depreciate
the value of United States Bonds. The Times, of
course, gives prominent insertion to anything which
tends to depreciate United States Securities. The
writer alludes to the able and often prophetic
financial exhibitions of that journal, which is to
guide it in admitting or refusing the letter. This
prophetic oracle does not see that the man is
" chaffing" it. Seldom, even in the annals of the
Times, has more wicked error been disproved by
time than its assertions on American Finance. On
this subject the Times has become a laugh-
ing-stock to Americans. By disseminating
falsehood it led Englishmen into the lament-
able error of investing in Confederate
Bonds, while the Germans swallowed the oyster,
and left the empty shells before the open and
watering mouth of stupid John Bull. " While the
majority of our people are not owners of bonds or
securities, or while there are not three out of one
hundred individuals who own bonds," says -M.
Nassau, " the interest of a very small body of the
people induces that minority to do all in their
power to keep up the the prices of our national
securities, and secure the payment in full of the
accrued interest, as well as of the principal when it
falls due. By taxation, prohibitory tariff, and
exorbitant internal revenues, the Government is
enabled to collect sufficient to pay its heavy expenses,
besides the interest of the debt. Now, sir, allow
me to draw the attention of your numerous readers
to a most important feature of our internal economy
—what portion of the sovereign people pays the
bulk of the heavy taxes—those who possess bonds,
or those who have none?" The debt of England is
far larger
than that of America, and hopelessly
saddled on the
people, for they have no chance of
paying it off. How many
of these people are owners
of ;Consols ? Not one in a hundred. What has the
Government of the United States done during the
first year after contracting this debt? In the
very
act of paying off and discharging her enormous
and navy, she has liquidated her liabilities at arm
and
rate of more than two millions sterling a month.
If such be her transactions in the past yeKr,
what are they likely to be in the future with
her taxation the same, and her expenditure vastly
decreased. There is a combination of gamblers in
gold in New York, whose object depreciateitistoarke
ts.
United States securities in the European markets.
These securities free merchants fro the
by them
e bonds of
this clique, for gold can now be po •
through the agency of the Telegraph salebythe
5-20's in Europe. This band of speculators liavoef
obtained immense power over the market for gold.
The fall in the value of the securities raises the
price of the precious metal, and to force
gold up to
a high premium' is their object. It would be a
worthy occupation for the Times to aid the opera-
tions of unprincipled speculators.
The New York Daily Tribune states :—" Much

misunderstanding about admissions to the Paris
Exposition seems to exist among some of the autho-
rities of the several States. Positively no articles
will be entered or received at the Exhibition, except
those for which applications shall have been duly
filed with and accepted by the General Agent at
New York, J. C. Derby, The Times Building, No.
40, Park-row. All applications, therefore, should
be promptly forwarded to him, as he is required to
have the descriptive catalogue ready by the 15th of
September. Although the present list of applica-
tions promises an excellent exhibition in several
groups, it is deficient in a few important particulars,
such as rich furnishings, upholstery, and decorative
wQrk, crystal and rich glassware, porcelain and