The Sun.
London, England, 1866-06-02 00:00:00

UNITED STATES DEBT.

The following is a statement of the Public Debt on the
Ist of May, 1866 :

Debt bearing Coin Interest.
Five per cent. Bonds $198,241,100
Six Per cent. bonds of 1867-68 18,323,591
Six per cent. Bonds'of 1881 283,744,150
Six per cent. 5-20 Bonds 685,784,000

$1,186,092,812
Debt bearing Currency Inter'Ost.
Six per cent. bonds 54,631,000
Temporary loan P 31,497,853
Certificates of indebtedness 62,620,000
One and two-year five per
cent. notes
Three-year compound interest
notes 167,012,141
Three-year 7-30 notes 816,512,650

Matured debt not presented for payment ...
Debt bearing No Interest.
United States notes 5415,164,318
Fractional currency
Gold certificates of deposit

- $1,188,313,545
877,729

$452;392,755

Total Dobt
Amount in Treasury.
Coin $76,676,407
Curroncy

;7,987,038

Amount of Debt, less cash in Tressury...s2,6B9,
-----
689,842
The foregoing is a correct statement of the Public Debt,
as appears from the books and Treasurer's returns in the
department on the Ist of May, 1866.
Hun M'CuLLocir, Secretary of the Treasury.
The London market for American securities during the
past week has developed extensive sales of both
men: Stock Stock and Railway Shares, on English as well as
Continental account; but this has been more than met by
the demand for export for New York, every mail, hitherto,
bringing a large increase of orders. Since our last w
have to note an improvement in United States 5-20 Bonds
of two per cent., the last quotation being 662 to 67.
dollars pe
Illi-
nois and Erie Shares also close two or three doll
share better, the former being 78.1 to I, and the latter 452.
EL—United States
to 461.
6 OpFeFrlccrAeLntT. RAS.:OSABC'TonIOZ: FOR THE ET . Wh E
Virginia 6
day, 661 6 1 7; Wednesday, 67164:11:11:::;1615:
Friday, 64H 1 5 ; Saturday, 651. i it Thursday, 64 i 3i 41;
Dollar Bonds : T4hlu;rswdaeyd,
n 4112
Consolidated percent.
IM;oTnduaeys-,
Bonds,
421. Atlan. and Gt.
44,elst;orTnuesday,
Monday, 48 ; Tuesday,ads'lB9s : Thursday, 49 50 ;
Erie Shares, $lOO, all paid : 4B ; Wednesday, 47 8.
Friday, 50 ;
Saturday, 411 21 ; Thursday, 42 ; Friday,4o 11;
45i 6 5i ; Wocines
_a.Monday, 411 3 21 3-i ; Tuesday,
;Wednesday, y, 401 615}. Erie Shares,:6 per cent.

Last evening the Lord Mayor and Lady Mayoress
gave a grand banquet in the Egyptian Hall, Mansion
House, in honour of 11.R.11. the Duke of Cambridge
(the president of Christ's Hospital), the Treasurer
of that hospital, the Presidents and Treasurers of
'other royal hospitals in the City of London, the Mas-
ters of the 12 great City companies, and the mem-
bers of the Court of Aldermen. Covers were laid
for 100 gentlemen, and amongst the company pre-
sent were— His Highness the Prince de Teck, his
Highness the Maharajah of Johore, the Right Hon.
G. J. Goschen, M.P., Alderman Copeland, presi-
dent of Bridewell Hospital ; the President of St.
Thomas's Hospital, Sir Anthony de Rothschild, Sir
James Duke, Sir F. G. Moon, theVen. Archdeacon
Hale, the Governor of the Bank of England, Mr.
Alderman Sidney, Mr. Alderman Salomons, M.P.,
Mr. S. C. Whitbread, Mr. Alderman Carter, Mr.
Alderman Rose, Mr. Alderman Lawrence, M.P.,
Mr. Alderman Gabriel, Mr. Alderman Allen, Mr.
Alderman J. Clarke Lawrence, Mr. Alderman Bos-
ley, Mr. Alderman Waterlow, the Treasurer of
Bartholomew's Hospital, the Treasurer of Christ's
Hospital, the Treasurer of Bridewell Hospital, the
Treasurer of St. Thomas's Hospital, the Master of
the Mercers' Company, the Masters of the Grocers'
Company, the Prime Warden of the Fishmongers'
Company, the Master of the Haberdashers' Com-
pany, the Master of the Ironmongers' Company,
the Master of the Vintners' Company, the Com-
mittee of Almoners of Christ's Hospital, theiMe-
dical Officers, &c., of the royal hospitals, Mr. Al-
derman and Sheriff Gibbons, Mr. Sheriff Figgius,
and a number of private friends.
it M
The loving cup having been passed round with
the usual ceremony, and the loyal toasts baying
been duly disposed of,
The LORD
ecrs ~
gave
lordship "
ia d it
ThaessAorcmyt, Navy, and
and
Volunteers sisthe
toast the name of the Duke of Cambridge for the
army and navy, and that of Major (Alderman)
Rose for the volunteers.

The Duke of CAMBRIDGE, in returning thanks
on the part of the army and navy, observed that
with regard to the position in which those services
were placed, hQ might say that in whatever part
of the globe they might find themselves they
never forget that they were Englishmen.
w'Fhhilise citouwnaty
srnoNas
tvaggnromst aivne,aitgwgrasessv
aie nation ;
powerful
co
try, and the army and navy would always use their
endeavours to enable it to maintain the high posi-
tion it had long occupied in the family of nations.
(Loud cheers.)
Mr. Alderman ROSE returned thanks for the
Volunteers.

The LORD MAYOR then proposed " The health of

his Royal Highness the Duke of Cambridge, the
President of Christ's Hospital." It had frequently
been his good fortune to speak of his Royal High-
ness in his capacity of commander-in-chief, and he
had now the happiness to allude to him in a more
peaceful character, viz., as the president of one of
the most noble institutions in this country. When
his Royal Highness was elected to that office it
might have been supposed that the prestige of his,
name would be sufficient to satisfy those who had
induced him to occupy that position ; but he (the
Lord Mayor) unhesitatingly said that no man had
ever fulfilled the duties which devolved upon his
Royal Highness in that capacity with greater apti-
tude, with greater diligence, or with greater regard
for the benefits conferred by the institution. Ile
had often had the honour of seeing his Royal High-
ness at official meetings for the discharge of public
business connected with the interests of Christ's
Hospital, and he had always observed that he dis-
played such a thorough knowledge of the working
of the institution in all its practical and business
details that he was sometimes tempted to ask his
Royal Highness where he obtained his commercial
education. (A. laugh.) It was a great gratification
to him that night to welcome his Royal Highness as
the President of Christ's Hospital, and he hoped he
might long be spared to enjoy the confidence and
esteem of the. citizens of London. (Cheers.)

The toast was receim-,1 w ;pith the warmest enthu-
siasm, and

The Duke of CAMBRIDGE, in returning thanks, said
the Lord Mayor had done him the honour of allud-
ing to the manner in which he discharged his duty
as president of Christ's Hospital; but he could
assure ►his lordship that when he undertook the re-
sponsibility of this most agreeable and acceptable
office he should not have done so had he not made
up his mind that he would fulfil the obligation im-
posed upon him as efficiently as he possibly could.
He considered it a very high honour to be placed at
the head of so noble an institution, but he could
have done very little in the exercise of his functions

if he had not been most ably assisted and supported
by the treasurer and the court of almoners of the
hospital. In reference to the duties he was called
upon to discharge, he felt that such an institution
ought to be carried on with great care and caution,
and that when important interests were entrusted to

those who were placed in authority they ought not
effect any changes without being satisfied that those
changes were sound, reasonable, and desirable. He
sincerely thanked the Lord Mayor for the very com-
plimentary manner in which he had invited that
distinguished assemblage to drink to his health.

(Cheers.)
The LORD MAYcm next gave " The health of his
Highness the Prince de Teck," observing that this
was the first time his highness had received the hos-

pitality of the citizens of London, and that they
were delighted to welcome him as a prince who was

about to enter into a holy matrimonial alliance with
_ _ _ _

one of the daughters of England, who was beloved
by the people of England, and whom the citizens
of London cherished and honoured. (Cheers.)
The Prince de TECK, in responding, said that
among the numerous invitations he had received
since he had been in this country none had given
him greater pleasure than the one he had received
from the Lord Mayoi, as the representative of the
London Cqrporation. He expressed to his lord-
ship his thanks for the kind manner in winch Ins

health had been proposed by him, and to the dis-
tinguished company by which he saw himself sur-
rounded by the very warm manner in which the
same had been received. His marriage with one of
England's daughters could not but add still more
strongly to the attachment he already felt for this
country, where he hoped by his future conduct to
show himself worthy of the many kindnesses he had

already experienced.
The LORD MAYOR then proposed " The health of
his Highness the Maharajah of Johore."
The MAHARAJAH, in returning thanks, expressed
his high appreciation of the welcome he had received
in this country, and the kind feelings
been displayed to him by Queen Victoria
had
Prince of Wales. a and the

The next toast was that of " The Royal Hospitals,"
associated with the name of Mr. Alderman Cope-
land, who acknowledged the compliment in appro-
priate terms.

The Duke of CAMBRIDGE then gave " The health
of the Lord Mayor " in very eulogistic terms.
His LORDSHIP having returned thanks, proposed
" The House of Commons," coupled with the name
of Mr. Alderman Salomons, M.P.
Mr. Alderman SALOSIONS briefly returned thanks,
and the Lord Mayor proposed the " Treasurers of,
the Royal Hospitals " —a toast which was responded
and
to by Mr. Foster White (St. Bartholomew's)

Mr. Gilpin (Christ's Hospital).
" The City Magistrates and the Court of
Almoners of Christ's Hospital" and " The Sheriffs"
next followed in succession ; and Mr. E. Lawrence
gave " The health of the Lady Mayoress."
The LORD Maroc gracefully acknowledged the

compliment, and the company separated.
In the course of the evening a selection-of music
was performed by the band of the Coldstream
Guards, under the direction of 111 r. A. F. Godfrey.
The banquet was pronounced to be one of the
most elegant and recherde entertainments
the hospitality of the City lAs yz:t voducel

2 HART STREET, IS THE DEPART-
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At E. MOSES & SON'S.

HART STREET, IS THE DEPART-
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other CLOTHING MADE TO ORDER,
At E. MOSES & SON'S.

137 TOTTENHAM COURT ROAD,
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CAPS, BOOTS and SHOES, and SHIRTS, HOSIERY,
PORTMANTEAT;t4, 11.11C1 RAILWAY RUGS,
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TOTTENHAM. COURT „ ROAD,
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every description,
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Q EUSTON ROAD, IS SUBDIVIDED
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MOSES & SON, CORNER OF AIINORIES
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London, S.

LONDON, SATURDAY, JUNE 2, 1866.

There will be little sympathy felt in this country
for the discomfiture of the Spaniards in the Pacific.
An unjust and aggressive war, begun on the most
frivolous pretexts, has been prosecuted in a manner
which has called down the unanimous reprobation
of all neutral Powers. At the very outset public
favour naturally inclined to the side of the gallant
little Republics, who had so hardly achieved their
independence against heavy odds, and whose
liberties were threatened on no better ground than
le droit du plus fort. The resolute attitude at once
assumed by Chili, and the unflinching deter-
mination maintained by her Government and
people not to sheathe the sword until some
guarantee were obtained for future tran-
quillity and independence excited still warmer
interest in her fortunes. Peru had tried
concession and conciliation to very little purpose.
Chili, warned by her example, followed the natural
inclination of her brave and high-spirited people,
and met insult with dignity, attack with defence.
After the first excitement of the struggle had a
little abated, and when it h2d become clear that
the great Powers intended to hold their hands
and let Spain do all the mischief she would
or could, a fresh movement on the part
of the Spanish Commander again drew the
attention of the English public to the coasts
of the Pacific. The bombardment of a defenceless
city, in which large quantities of neutral property
were stored, created the deepest indignation
among all civilised peoples. The remonstrances of
the representatives of the different Powers proved
entirely ineffectual, and as none of the naval com-
manders present were willing to go beyond words the
ships opened fire, and in a very few hours Valparaiso
was a heap of ruins. It was currently reported
that amidst the consternation and sorrow of the
inhabitants of Valparaiso, beside their smouldering
homes, that Admiral NUNEZ had instructions to
pursue the same plan all round the Chilian coast,
and that Callao was to be the next victim. No
doubt the Spanish officers, flushed by their inglori-
ous triumph over a defenceless city, anticpated a
brilliant series of similar successes ; but the
Chilians, recovered from their shock were not to be
taken unawares again. They had learned by a bitter
lesson how much to trust in the humanity of
their adversaries or the courage of their
allies, and they fell back upon their own resources
as more hopeful than either. Callao was defended
with such good effect that, on the 2d inst., after
four hours' fighting the Spanish fleet was repulsed
by the shore batteries, with the Admiral wounded,
and two ironclads disabled. We may guess the energy
and resolution with which the Chilians threw them-
selves into the struggle from the fact that the Secre-
tary of War was among the killed, but their efforts
were successful, and the Spaniards had the mortifi-
cation of retreating, leaving Calao still in existence,
with the prestige of their previous successes sadly
deteriorated.

There is one thing which cannot fail to strike the
close observer on receiving this news from Callao.
Why was no effort made to protect Valparaiso, when
the Chilians have shown themselves fully capable of
confronting, and even of defeating, their adversaries?
We fear the answer is one that is extremely mor-
tifying and humiliating to this country. The
Chilians did not attempt to defend their chief
seaport, because they relied on the presence
of their allies, especially of the English fleet, to pre-
vent such a barbarous act as the tornbardment of a
defenceless city. England, always ready with her
cautious advice, had begged the Chilians not to
affront or provoke the Spaniards by making any
appearance of resistance, and the Chilians had care-
fully followed her instructions, never supposing
that a fleet was kept in the Pacific for show. How
cruelly the expectations of the people were disap-
pointed we all know, how ship after ship steamed
out of the harbour so as not to intercept the work
of destruction ; the city was laid waste, and the pro-
perty of English merchants destroyed by the mil-
lion. If the fleets had just kept their places without
firing a gun, does any one suppose that Admiral
NUNEZ would have dared to involve his country in
a war with England and America by opening fire
on their ships ? But it is the faEhion in these non-
intervention days to run away first and consider
afterwards, by which wise and pacific policy we are
rapidly succeeding in embroiling the whole of the
civilised world.

Prussia was the first to signify her acceptance of
the proposed Congress, which is considered a fa-
vourable sign of her intentions, and it certainly
appears to be so in some measure. The truth is
that that wily nation seems likely in some respects
to get the best of it in this Assembly, as has so
often happened before. Austria has not shown
anything like readiness to join the other Powers,
and has distinctly declared that the Venetia ques-
tion shall not be discussed ; and indeed the official
Gazette of Vienna confirms the statement by
saying that Austria has "positively refused"
to entertain any project for the cession of Venetia,
and also asserts that the Conference is incom-
petent to discuss the affairs ofthe German Confede-
ration, thus absolutely leaving nothing to occupy
the attention of the assembled representatives at
Paris but the Schleswig-Holsteinquestion, and even
that it seems she would prefer leaving to the settle-
.nent of the estates of those Duchies. Notwith-
standing these adverse signs, however, Count
MENSDOEFF has affirmed that Austria accepts the
proposal in order to manifest her willingness for
peace. It is stated by some of the Vienna papers
that an understanding exists between Austria and
Prussia, and that the latter
,aes Powerti lovfilllBal.isd
the former in maintaining the 1r
doubt if
This may be true in the main, but
that eat
a ~there is any foundation for tic report
for-
mal alliance" has taken place between the two Em-
Pircs. It is said that the Austrian form of answer
will necessitate some fresh negociations, but even
in that case it may fairly be presumed that the
meeting will now take place.
It is curious to notice how each proposal made by
the mediating
interestedral
p iet, in party.Powers is in turn objected to by some
Thus we find that the: Fede-
ral the invitation to the Confe-
rence at Paris, has intimated that the questions
of Schleswig-Rol-stein and Fed :al Reform are
" matters of all essentially German character, BO

long as they do not affect international relations."
All that we can say is, that it has not been made
very plain to us that the Germans can settle these
matters in a manner either satisfactory to others or
creditable to themselves, and nothing but the inter-
position they now object to has prevented the out-
break of war before this. At the first things cer-
tainly went against Prussia, and the Austrian
representative had the best of it. It is the
more unfortunate for the Berlin Government
that this expression of opinion should have
taken place before the meeting of the
Conference, because it puts them in an awkward
position, and certainly seems to make out that their
plans and projects have been running counter to
the popular feeling of Germany and offended the
taste and just feelings of the nations of Europe
collectively. Au interesting feature in this pro-
tracted dispute on Continental matters is, the effort
made by the royal ladies to preserve peace. Three
out of the five whose good offices effected so
much at Gastein are now busily engaged in their
pacific task. The three sisters who held the
respective positions of Queen Dowager of
Prussia, Archduchess of Austria, and Queen
of Saxony, are engaged in this work with
heart and mind, and the good wishes of many will
go with them, although we cannot see how their
efforts can attain more than a temporary success.
One of the chief obstacles in the way of the
mediating Powers may be found in the fact
that they have none of them, either individually
or collectively, much influence with the dispu-
tants ; and another evil is that the three armed
Powers are most vexatiously, each of them bent
on some perversely selfish and aggressive course,
however suicidal it may appear to those who look
on from a distance. Thus Prussia will do all
she can to get possession of the Duchies of
the Elbe, and Austria seems infatuated with respect
to the tenure of Venetia. Italy, with no such
plausible reason for dispute as either of the two
great German Powers, has made up a bete noire for
herself, and insists on picking a quarrel with Austria
coute qui coute. We are not quite sure if this
dilemma will not prove the worst of the whole in
the end, for nothing is more difficult than to appease
these angry feelings. It seems most inconsistent
that nearly all other diplomatic business should be
put on one side, as it were, in order that proper
attention may be paid to these Powers who threaten
to set Europe in a blaze for no definite object at
all that we can see ; but such is the consequence of
having given in too much to 'the inordinate ambi-
tion of Prussia, and leaving her to pursue her un-
scrupulous course.

Sir HUGH CAIRNS is a formidable opponent for
any measure, and a much less abused bill than the
Ministerial Reform Bill would fare badly if he
chose to subject it to his searching analysis and
vigorous attack. The re-opening of the debate last
evening was delayed by Mr. WHALLEY, who deter-
mined to render himself and his motion remarkable
by obstructing the road of the Reform Bill. The
unconcealed impatience of the members pro-
duced no more effect on the placid immo-
bility of Mr. WHALLEY " than a flake fall-
ing on the glaciers of the high Alps," until the
House wearying of the prospect of hearing nothing
but WHALLEY on Fenianism, instead of CAIRNS on
Reform attempted desperate measures which were
eventually so far successful that they brought up
the Speaker himself, whose remonstrances at last
prevailed upon Mr. WHALLEY to subside into his
native insignificance. The speech of Sir HUGII
CAIRNS was the speech of the evening, though a
host of lesser members followed from all parts of
the House, the one prevailing idea being to speak
on the subject. Lord aciro's very singu-
lar proposal to Mr. GLADSTONE received the
answer it deserved, since the Government would
lose less by a decisive defeat than by such shuffling
and deceitful conduct. One more evening will
bring the final test, and the Government have been
singularly unfortunate in their opponents. The
speeches of Sir JOHN PAKINGTON, Mr. LOWE, and
Sir HUGH CAIRNS, following in quick succession
.have told heavily against them, . and they have
done little to confront the enemy. Either
from their fault or their misfortune the
speakers on the Ministerial side have been
mostly tame and unimportant, those who
have been animated have wanted weight, those
who have had influence and position have disap-
pointed their hearers. An advocate like Sir HUGH
CAIRNS would have stood them in good stead, but
at presenthis powerful and brilliant address remains
unanswered.

The rejection by the House of Lords last night
of the Hawking Goods on Sunday Bill is very for-
tunate, and will afford general satisfaction to the
public. It is always a pity when a subject of this
kind is brought forward in either House of the
Legislature, because it calls up angry feelings, and
gives rise to discussions which are calculated to pro-
, duce much mischief, and cannot possibly do any
good at all. There was no end to the incon-
veniences
,that would infallibly have arisen
had this bill passed into law. The inter-
ference of the police, to begin with, would
have been most insupportable ; and, as the
Lord Chancellor last night asserted, he had
heard from Sir It. MAINE that it was quite out of
the question that the police should be called upon
to interfere. It was proposed at once to strike out
the clause, but notwithstanding this too many evils
abound to allow of the passing of the measure.
Lord ABINGDON made some very sensible remarks
on the subject, and asked very properly " Why
the poor should be prevented from doing what their
lordships and their servants did of a Sunday ? If
he entered the house of any of their lordships on a
Sunday forenoon, would he not find them
at breakfast, eating their cooked fish and cutlets,
and reading the Sunday Gazette and Observer ?
Why should a poor man be deprived of the pri-
vilege of purchasing a newspaper ? They heard a
great deal about the danger of an extension of the
franchise, but there was much more danger in this
class legislation." These remarks are exceedingly
appropriate, and exactly describe the state of the
case indeed it seems almost incredible that people
should persuade themselves that such a measure
could be desirable or profitable in any respect.
The Marquis of BATH mentioned another evil
result of this bill: it would prevent the poor
people sending their dinners to be baked on a Sun-
day, and few of them had proper appliances at home.
Another noble lord truly mentioned that the time
whenaneverw taih l
was either
etiThe
eerri
ncionlrai
the
could
morning,
afternoonmake
Altogether
the d
oreeve
evening,
a iunsgt S
and
nn
con-
gratulate
bill, and thus having shown to the people, whom it
would have affected by its vexatious restrictions,
that a majority of their house has decided in favour
of the popular opinion, which long ago made known
that these interfering and restrictive attempts at
legislation will never be tolerated by the commu-
nity, for they are inimicaltothat general freedom
of action so much to be desired.

Lord Dafferin has appointed Mr. F. W. R. Gor-
don to be his private secretary. Lord De Grey has ap-
pointed 2lr. Sidney Godolphin Osborne to be his private
secretary.