The Sun.
London, England, 1866-05-07 00:00:00

AMERICA.

(REUTER'S TELEGRAMS.)
'The Royal Mail steamship Asia, from Halifax
and Boston, arrived at Queenstown yesterday at
8.45 p.m., with 137 passengers and 22,702 doll. in
specie. She landed all her mails, consisting of 123
sacks and 13 passengers, and proceeded for Liver-
pool at 9 p.m. All well.
(Per the Asia.)

NEW YORK, April 24, Evening.

The President has sent to the House of Repre-
sentatives important diplomatic correspondence re-
lating to Mexico._

On the 12th Feb. last Mr. Seward addressed a'
communication to M. Montholon, citing and an-
swering in detail the arguments advanced by M.
Drouyn de Lhuys in January in defence of the
course pursued by France in Mexico. M. Drouyn de
Lhuys had declared that the objects of the French
Mexican expedition were not hostile to the insti-
tutions of the New World, nor was it desired to
realise ambitious schemes or to impose monarchical
government upon Mexico against the will of the
people, but only to obtain just reparation for the
wrongs of French residents, and to secure guarantees
for their future rights. A number of influential men
in Mexico, including one of the late Presidents, de-
spaired of obtaining order under Republican Go-
vernment, and favoured the re-establishment of
royalty. France sustained an Imperial Government
in Mexico, founded on the consent of the people,
because that government furnished the requisite
reparation and guarantees. M. Drouyn de Lhuys
further alluded to the aid furnished to the United
States by France during the revolutionary war, to
the proposal that the United States should join the
Mexican expedition, and to the neutrality observed
by France during the late rebellion.
Mr. Seward replied, acknowledging the tradi-
tional friendship between the two countries, and
the respect and consideration due to the representa-
tions of France, but the Federal Government had
seen no satisfactory evidence that the people of
Mexico originally accepted the so-called empire, nor
could any such acceptance be lawfully procured in
presence of the French army of invasion.
On March 19 Mr. Seward wrote to Mr. Motley,
the American Minister at Vienna, acknowledging
the receipt of his communication wherein. the latter
announced the probability that Austria would con-
sent to and permit the levy of 4,000 volunteers for
Mexico. Mr. Motley was instructed emphatically
to protest against such a proceeding, and to state
that in the event of hotilities being prosecuted in
Mexico by Austrian subjects in the manner de-
scribed, the United States will regard it as war be-
tween the republic of Mexico and Austria, and can-
not engage to remain neutral spectators.
On April 16 Mr. Seward again wrote to Mr.
Motley acknowledging the receipt of a despatch
from him informing Mr. Seward that 1,000 Aus-
trians were about to embark for Mexico at Trieste.
Mr. Motley was instructed to inform the Austrian
Government that the United States regarded the
despatch of Austrian troops to Mexico while nego-
tiations were pending with serious concern.
It is reported that the British and American
admirals in Chilian waters have protested against
the bombardment of Valparaiso, and insisted that
permission should be given to remove the women
and children, otherwise they would resist the bom-
bardment by force.
The City of Manchester and America have arrived
out.

Dr. Slayter, the Halifax physician who attended
the passengers on board the England, has died of
cholera at Halifax, where three other cases are re-
ported.
The Fenian excitement is rapidly abating. Fe-
deral troops guard the bridge between Calais and
and St. Stephens. General Doyle has established
his headquarters at the latter place. The reason
assigned for the release of the Fenian schooner
seized by the Federal authorities is that the vessel
had a regular customs clearance from Portland, and
was properly consigned to Doran Killian, at East-
port. Killian's movements are not stated. It
is reported that he is endeavouring to orga-
nise a fishing company for the purpose of
bringing about, without a breach of the neu-
trality laws, a collision between the English
and Americans on the fishing grounds, in hopes of
thereby causing a rupture between the two Govern-
ments. Three cases of muskets consigned to pro-
minent Fenians have been seized at Oswego by the
Federal authorities ; also, on Tuesday, the cus-
toms authorities at Eastport seized 100 cases of
arms consigned to Fenian leaders. The Fenians
are all leaving Eastport for Portland, and but one
British war vessel remains off Campo Bello. Two
companies of Federal artillery arrived at Eastport
on Wednesday. Two Fenians, arrested for firing
at the guard on the bridge of St. Stephen's,
were fined 50 cents. for drunkenness by the Calais
authorities. They were subsequently arrested by
order of the Governor of Maine, at the request of
General Doyle, and were kept to await the instruc-
tions of Mr. Seward. A proposal of O'Mahony
that the Fenian faction should unite in harmonious
action, and leave all pending disputes to await
the arbitration of Stephens, has been rejected by
the Roberts faction. The New York press generally
pronounce the Fenian movement on the Brunswick
frontier to be a collapsed bubble.
The City of Boston has arrived out. The Nova
Scotia, Portland, and the Africa have arrived at

Ifit for use again, only 20 per cent. of fresh stock
being added to make it equal to former strength.
I At the adjoining Flat Rock Paper Mills excellent
i printing paper is made with 80 per cent. of wood
pulp and 20 per cent. of straw pulp. From twelve
to fifteen tons of wood pulp are turned out daily.
The works have but recently gone into operation,
and already prices of paper have been reduced three
cents per pound.
SILVER LODE DISCOVERED IN WEST VIRGINIA—
THE VEIN EIGHTEEN INCHES THICK. —A company
boring for oil on the farm of William Cunningham,
situated in Jackson county, West Virinia, in going
down went through a vein of metal about eighteen
inches thick. The company took no particular
notice of the borings, but continued drilling until
they became satisfied their efforts in search for oil
\were fruitless, when they abandoned the well. In
recurring to the strata through which the drill had
Ipassed the owners thought of the metal vein,
1 and immediately concluded to have it analysed.
A quantity of the metal borings was sent to New
York, where it has been assayed and pronounced to
yield 98 per cent. of pure silver. Underneath this
vein, which is 340 feet from the surface, is a vein
lof silver quartz four feet thick. The gentleman
from whom we learn the foregoing facts, gives the
following account of the strata in the well :—First
40 feet, hard flint rock ; next 200 feet, soft soap
stone ; then a layer of blue rock ; next soap stone ;
then the silver vein 18 inches thick ; next four feet
of quartz, and then a bed of black sand, similar to
the sand found in the gold mines of Calif crnia.
This valuable discovery has been made on a
small farm, located above Letart Falls, six miles
above Ripley's Landing, West Virginia, and distant
from Pittsburg 240 miles. The owners have been
offered, since the discovery, 200,000 dollars for the
farm, but they have refused to sell at any price, as
they design developing it themselves. They are
already at work reaming out the well preparatory
to sinking a shaft, the machinery for which was
brought up from Cincinnati on the steamer Leonidas
on her last trip.
One of the Paris papers states that among the
passengers for America, who left Havre a day or
two ago by the Transatlantic packet boat Napoleon
Trois, was Stephens, the Head Centre of the
Fenians.

The Cleveland Herald of the 14th April says Mrs.
Jefferson Davis and her party arrived there on the previous
evening, by the Cleveland, Columbus, and Cincinnati
Railroad, from the South, and immediately passed on to
New York by the Atlantic and Great Western Road.
Mr. Thurlow Weed, of New York, received a
letter by the last steamer from the Hon. Arthur Kinnaird,
M.P., enclosing £5O for himself, and a like amount from
Sir Morton Peto, for the Freedmen's Bureau.

At a reception given in Washington by Lieut.-
General Grant, on the evening of the 13th April, President
Johnson, Hon. Thad. Stevens, ex-rebel Vice-President
Alexander H. Stevens, &c., were present.
Mrs. Jeff Davis is atpresent in Washington, and,
with the aid of the late rebel Vice-President, is endeavour-
ing to get permission to visit her husband at Fortress
313nroe.

The suit of Charles Burrill against the City of
Boston, involving 8800,000, which the plaintiff claims for
procuring recruits for the quota of Boston during the war,
has been withdrawn from a jury trial by consent of the
counsel, and will be argued and decided on legal points
before the Supreme Court.
General Scott has left New Orleans for New
York, with his health somewhat improved.

The Petersburg Express contains the following :
"We have intelligence direct from Toronto, Canada, where
General Breckinridge is now residing. He says that his
health is good, but that care is making its mark upon the
handsome and intellectual lace with which nature blessed
him. Four years ago his hair was black as jet ; now it
is hoary. He is weary of exile, and anxious to return
to his home and friends. In the hope of accomplish-
ing this end, Ex-Governor Price, of New Jersey, a
warm personal friend and colleague of the General in the
Congress of tho United States previous to the late war, has
proceeded, or will shortly do so, to Washington, and have
an interview with the President. We trust that the Pre-
sident will accede to the request. His relations with Mr.
Breckinridge, prior to the late political estrangement, were
quite friendly, if not positively cordial. Besides, there is
no charge against General Breckinridge that we are aware
of. All the political prisoners, save two, have been released
from confinement. Mallory, Stephens, Seddon, Hunter,
Judge Campbell, all except the President and Judge Chy.
Why keep General Breckinridge in exile ? We can see no
reason for so doing, and doubtless the President will con-
sent that he may return to his home, his family, and his
friends.

General Grierson, the great cavalry raider, has
been nominated by the Secretary of War for colonel of
cavalry in the regular army. This was done on recom-
mendation of Gen. Grant.

COMMERCIAL INTELLIGENCE.

The Loan Bill, which has passed both houses, and will
doubtless receive the signature of the President, gives
power to the Secretary of the Treasury to retire all 7-30 s,
compounds, one-year certificates, and the Treasury loan
certificates, with gold interest bonds or with the proceeds
of the sale of such bonds. The bonds to bear gold interest
at a rate not more than six per cent., and they can run any
time, not more than forty nor less than five years. 5-20 s,
10-40 s, in fact almost any kind of bond, can be issued
under this latitude. The Secretary of the Treasury can
press towards specie payment, with a heavy hand, but there
is no danger thathe will accomplish this object so quickly
as to create a panic.
The panic in Western New York and Western Pennsyl-
vania, caused by the failure of a few local and compara-
tively small banks, has entirely subsided, and there have
been no further suspensions.
The First National Bank of Nashville, Tenn., have
offered to convert all Tennessee State Coupons past due
into the new Six per Cent. State Bonds, according to the
Act of last Legislature, at a commission of 1-10th, or one
dollar per thousand. The new bonds are In denominations
of $l,OOO each, coupons attached, bearing interest at the
rate of 6 per cent., from Ist January, 1866.
Yesterday's gold market opened at 1261 and closed at
1261. The Panama steamer brought $809,498 in treasure,
of which $500,000 was for the Government.
All descriptions of Government stocks are firmer, with
an upward tendency. The purchases are principally for
permanent investment.
The confidence in Federal securities will continue to
increase among this class, notwithstanding the political
agitation at Washington, and whether President or Con-
gress proves triumphant. Erie shares continue to advance
and fall spasmodically, according to the most powerful or
latest speculative interest brought to act upon them. After
the second board yesterday the market was very strong and
73-} and 3jwere paid. Other railroad stocks were with-
out import tnt change.
Money continues abundant at 4 to 5 per cent. on call.
There is an extra business in commercial circles in work-
ing off heavy stocks at low profits. This disposition to
"take in sail" is with a view to a secure position during
the expected depression in business in the summer
months.
Exchange is lower and quoted at 104 to 1071 for 60-
day bills on London, and 106 k to 107 for commercial.
Francs, 5.25 to 5.231 for long, and 5.221 to 5.211 for short.
The business of the New York Sub-Treasury yesterday
was: Receipts, $12,715,036 69 —for Customs, $330,000;
Payments, $8,693,936 71—on account of Loan, $615,000;
Balance,
rish, $96,436,388 39. Gold Notes, $896,000.
of quicke Bsailavkeroof fCathlifeornQ Quicksilver
v er boughtmfn Mining
gp the entire stockvfz.
ulaickh
50,000 flasks at
$3O per flask. The bank will thus have
the control of the market.
The receipts from Internal Revenue at
Washington,
yesterday, were $417,621.
The receipts from Customs for the week endi •ng on the
14th inst., at the
ports of Baltimore and Boston,
were as
follows—Baltimore, $69,222 ; Boston, $447,881.
A company has been organised under thegeneral
of New York, with a capital of $2,500,000 in shares har laws
each, with a view to lending money for the woersjf $25
of
cotton plantations, secured by first mortgages,
pledges of one-half of the crop in addition. an
d by
A correspondent of the New Orleans Picayune makes the
following observations with regard to cotton prospects in
the Carolinas, Georgia, Mississippi, and Alabama :
Every planter that can get labour is putting in all the
cotton possible, in hopes to sell at high rates ; and
many of them are neglecting corn, preferring to depend
upon the North-west for their supplies. The freedmen
have contracted freely with their old masters, as a general
thing.
The higher rates of wages in Alabama and
Mississippi are inducing some of them to discard their
contracts in Georgia and migrate westward. I find
matters looking more cheerful than I had reason
AIICELLANEOUS NEWs. to anticipate when I left the North in January,
LIPORTANT DISCOVE RY. —PAP ER MaNUFAcTrRED and I have been most agreeably disappointed in finding
the South.
such good order prevailing in all sections of
117,031 WOOD.—A company of two hundred gentle- Charleston is city be slow in re-
men, representing the newspaper
and book pub_ Pairing damages ; yet considerable is being done there.
fishers of New York, Boston, and Philadelphia,
fSeveral planters I have met have put in as much cotton as
recently paid a visit to the Manayunk Wood Paper ormerly, but there will be land idle. lam sanguine in
Pulp Works, and witnessed the entire process of expressingouthcan thebe opinion that the entire cotton crop of the
and its menu- ing improved
iwmoprlked,t without the hand hoe by introduc-
converting cord wood into paper pulp
s.
facture into paper. The works are very extensive, Tun REvizslum.—Tlin
$5OO 000.
the building and machinery having cost year endingsB2B,ooo June
e rreasury receipts for the fiscal
18, 1865, were : From customs,
The great feature in the works is the economy in
neous, $35,17511t2rna6 lt revenue, $209,464,000 ; miscella-
the use of chemicals which disintegrate the wood $329,567,126. As conetrataslterdeceiPt; exclusive of loans,
follow-
and bleach the pulp, the refuse being carried to an ing is a statement of the actual receipts
the above, the
from all sources, for the receipts of the Government
evaporating house where the chemicals are rendered first three-quarters t
o the present

COMMERCIAL INTELLIGENCE.

NEW Yoric, April 26.

Money abundant. Gold, 1274. Exchange on
London, 138 ; on Paris, 4.11. Stocks steady ;
New York Centrals, 93 ; Illinois, 119 ; Erie, 73 ;
5.20 United States Bonds, 106. Cotton depressed:
Middling Upland, 34. Flour and wheat firm and
active. Corn dull. Provisions slightly firmer.
Coffee quiet. Sugar steady. Molasses dull. Pe-
troleum depressed : crude, 25 ; refined, 40k. Re-
ceipts of cotton at New York the last three days,
8,000 bales; three days' sales, 3,500 bales. No
exports. Stock, 185,000 bales.

NEW ORLEANS, April 25.
Cotton depressed : Low middling, 34 to 35. Re-
ceipts during four days, 7,000. Exports three days,
12,000 bales.

fiscal year, which will end with the 30th of June next,
as prepared by the Revenue Commission for the use of
the Committee of Ways and Means. Customs receipts
to April 1, 1866, in coin, $128,967,375; internal re
venue to April 1, 1866, $243,890,548, miscellaneous,
premium on gold, &c.; $37,183,009, actual aggregate re-
ceipts to April 1, $410,041,232. From the above, it will be
be seen, the monthly average Custom receipts for nine
months were $14,000,000; and the monthly average in-
ternal revenue receipts for the same period, $27,000,000.
The receipts of the Treasury for the past three-quarters
of the present year were nearly $80,500,000 more than
those for the entire previous year. The estimated receipts
for the remaining quarter will, it is believed, be sufficient
to tring up the revenue for the year ending June 30 next
to $501,000,000, or noarly $171,500,000 more than these
of the year previous.
The following table shows the exports of specie from
the port of New York to foreign ports for fifteen years,
from January 1 to April 7, 1866, and for the correspond-
ing period in the other years:-
1866 55,754,795
1865 5.009,710
1864 10,420,231
1863 16,195,788
1862 11,065,050

1861 2,333,136

------------------
1860 5,208,400
1859 11,088,381
QUOTATIONS OF TH.
Arm

1858 59,790,148
1857 6,735,996
1856 5,058,343
1855 6,182,159
1854 5,414,646
1853 3,432,025
1852 7,177,121

STOCK EXCHANGE.
20.

U.S. 6s, 'Bl coup, 1051 1051; :U.S. 6s, 5-20 rg. '62, 101 ;

U.S. 6s, 5-20 c., '62, 1041 1041 ; U.S. 6s, 5-20 c. '65,
1041 ; U.S. ss, 74 c., indorsed, 93 ; U.S. ss, 10-40 cou.,
93i 931; Treasury 7 3-10 s, Ist series, 1011; 2d series,
1011; 3d series, 1011 1011 ; Missouri 6s, 741; N.Y. 7s,
B'y. L'n., 1011 ; Louisiana 6s, 97; N. Carolina 6s, 83i ;
N.Y. Central 6, 'B3, 91 ; N.Y. Central 7s, '76, 101; Hud-
son Ist mtge., 102 ; Mich. So. 2d mtge., 88 ; Mil. and St.
P. 1 m., 821 ; Pacific is Guart'd, 74 ; Pacific Mail, 226 ;
N.Y. Central, 921 ; Illinois Central, 1141.

(From E. F. Satterthwaite and Co.'s Weekly Circular,
May 2nd.)

The "Cuba" brought us advices from New York to
the 17th ult. During the week that had elapsed since our
previous report, there had been a steady demand for
Government securities, especially for the Seven and Three-
tenths per cent. Currency Bonds, which had advanced to
about 1001 per cent.; other descriptions exhibited a frac-
tional improvement. Railroad Stocks were generally firm,
and the list showed but little alteration, with the excep-
tion of Rock Island, Hudson River, and Readings, which
exhibit an improvement of from 2 to 4 per cent. ; the latter
stock was, perhaps, more in demand than any other on the
list, and closed with an apparently upward tendency.
Eries had been largely dealt in at fluctuating prices, the
result on the week being a decline of S 1 ; the delay in the
publication of the report being regarded as unfavourable.
Railroad Bonds and State Stocks were steady, with but
little alteration in prices. Money was cheap and abundant,
borrowers on Government Bonds being readily supplied
at 5 per cent. ; and on good Railroad securities at 6 per
cent. At these rates considerable amounts had been
taken, but still large sums remained unemployed, as shown
by the Banks' returns, which exhibit an increase in the de-
posits of four millions. The Secretary of the Treasury
had given notice that after the Ist of May, the interest on
all money lodged with the Treasury would be reduced
from sto 4 per cent. The deposits held by them on the
Ist April amounted to about one hundred and twenty mil-
lion dollars.

Gold remained steady at former quotations, but there
was rather mom inquiry for exchange on London.
The following is the return of the New York Banks :
Discounts. Specie. Circulation Deposits.
April 7, 242,643,753 11,436,295 24,127,061 189,094,961
April 14, 241,099,849 11,035,129 24,533,981 193,153,469