The Sun.
London, England, 1866-01-29 00:00:00

ASSETS.

CR.
113,)3Y
raeteeßaivnakbeiors, in hand, and at call £266,055 1 11
1,838,122 2 1
710atherile'So-
ecurities, and current accounts 2,664,966 15 5
3 investments and interest accrued
620,925 6 8
—37 office furniture and fittings

£5,302,04119 1
PROFIT AND LOSS ACCOUNT
From Ist July to- 31st December, 1865.
Dn.
0 divia nd of 10s. per share on 100,000
Tshares
'o income °
amount tax on above 833 6 8
transferred to "Rest" ac-
count
TObalance carried to profit and loss new
account .....

19,169 5 11

£145,002 12 7
B Y balance brought formard from June
£53,111
15 0
."3' net profit for the half-year ending
December 31

£145,002 12 7
of til
We have compared the above statement with the books
Association, and examined the securities, and hereby
'l3rtifY to their correctness.
C. J. N. ALLEN,} Auditors.
London, 15th Janua
JNOry, ISO.. YOUNG,

The following resolutions were carried unanimously :-
1.01- That the Report and Accounts as submitted and read
,and are hereby received and adopted.
)`• That a Dividend of 10s. per share, free of income tax,
,•7 and is hereby declared, and that the same be payable on
the 24th inst.
'lmposed by Sir S. Morton Peto, Bart., M.P., seconded,
and carried unanimously—
With That the best thanks of this meeting be given to the
rman, Directors, and Managers, for tho zeal and ability
which they have conducted the affairs of this Asso-
'den during the past half-year.
JOHN CHAPMAN, Chairman.
(Extracted from the minutes.)
W. C. WINTEIIBOTTOM, Secretary.
1866.
TIE IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited).
oaPital Subscribed, X 5,000,000. Paid up, £500,000.
CHAIRMAN.
JOHN CHAPMAN, Esq.

MANAGERS.
lirp6lll7 J. Barker, Esq., and T. Fraser Sandeman, Esq.
„-..". is Association makes Advances upon approved mer-
,imulo and other securities, and receives money on deposit
,interest for short or long periods.
procure, on
for periods of not less than three years may
Association,
on application at the Offices, Debentures oft e
,ssouiation, bearing interest at 6 per cent. per annum,
payable quarterly by coupon "to bearer" attached. •
W. C. WINTERBOTTOM, Secretary.
rd-street, London, E.C.

INO MORE PILLS OR ANY OTHER MEDICINE.
)U BARRY's delicious health-restoring Invalids'
and Infants' Food, THE REVALENTA A.RABICA,
Yields three times as much assimilating and strengthening
11.°nrisliment as the best meat, and restores perfect diges-
-sn, strong nerves, sound lungs, healthrliver, refreshing
d eel; functional regularity, and energy to the most disor-
d?red or enfeebled—removing speedily and effectually in-
!Dation d sia), cough asthma, consumption, ha-
bit ( ysPep •all
h nal constipation, diarrhoea, gastric derangements,
tnraorrhoids, liver complaints, flatulency, nervou
s-
e..rl.nss, biliousness, fevers, sore throats, diphtheri
a,
dabs, colds, influenza, noises in the head
ci ears, rheumatism, gout, impurities, eruptio.ns,
neural 13teria) • • lability, sleeplessness, acidity,
otation, heartburn, headache, debility, dropsy, cramps,
tihasti.llB, nausea and sickness even in pregnancy or at sea,
pal's fits, bronchitis, scrofula, tightness of th 9 chest,
It4fis in the pit of the stomach and between the shoulders.
V-ai;B,9l° raost digestible of all foods and suitable for in-
lv.“7, and infants in all complaints.
of `u
quote a few out of 62,000 Cures :—Cure No. 58,216
Marchioness de Brehan, of seven years' liver cora-
INtiii,at, wasting aw ay, debility, nervousness, irritability,
rita",t.`, a nervous palpitation all over,
intolerableon, con-
"' sleeplessness, and the most . nervous
tat-
the ton. Cure No. 71, of dyspepsia, from the Right Hon.
of -1,143 rd Stuart de Decies, Lord Lieutenant of the county
‘l' aterford :-1 have derived much benefit from o.ur
(Ixoellent food.—Stuart de Decies, Dromana, Cappoquin,
TtildfY Waterford. Cure No. 54,816, from the Rev. James
Syderstone Rectory, near Falcenh.tran Nor-
the
in all cases of indigestion, and parl 'when
liver is more than usually affected,
et of all remedies. It regulates the bile, and makes it
1 considery it the.
sici'alv,,in eases which would not admit of mercury in any
eacr, In, short, a healthy flow of the bile is one of the
Al 8-es'' and best symptoms. You can make what use you
Te - of this communication.—l am, gentlemen, Jan.les
ley, CaPPbOll- Cure No. 52,422.—Bridge House, Frim-
tpih; : - Thirty-thre 3 years' diseased. lungs,
th. -ng of blood, liver derangement, deafness, singing in
constipation, debility, shortness of breth, and
1n0:77,.", have been removed by your Revalenta Arabica. My
ie es, liver, stomach, head, and ears are all right, my liar-
e ty'
ah,ge Perfect, and my recovery is a marvel to all my acquaint-
Of James Roberts, Timber Merchant. Cure No. 49,832.
te
teal as years
thma, indescribableagony from dyspepsia, nervcus-
cough, constipation, flatuleney. spasms,
15.068 sic-
k,land vomiting. - Maria Joly, of Lynn, Norfolk. Cure
iee2l.- Miss Elizabeth Jacobs, of extreme nervousness,
eurTesttion, gatherings, low spirits, and nervous fancies.
diao- 56,814.—Mr. Saml. Laxton, Leicester, of two years'
48, .6`,..raa• The food is sold in canisters, 11b. 2s 9d ; 21b.,
Ge ; 121 b., 215.; 241 b., 40s. Super-refined quality, 11b.,
24. 4elb., 12s. ; 51b., 225. ; 101 b., 335. The 101 b., 121 b., and
anisters, carriage free on receipt of Post-office Order,
Wassgr'.9 Du Barry and Co., 77. Regent-street, London ;
'llll3B, Tea Dealers. 8, King William-street ;
sat 65, Gracechurch-street ; 4, Cheapside ; 49, Bishops-
g,Zne-n treet Within ; 63, 150, and 298, Oxford-street ; 330,
road
."„i„, 54, Tipper Baker-street ; 103, Tottenham-court-
, U' per Islington N.; Harvey, Notting-hill ;
c'se ~erracßrothers, 65, High-street ; and Stubbs, Queen's-
Grneee' Bt. John's-wood, Loudon ; and all respectable
Grocers and Chemists.—Beware of spurious imitations.

ROYAL FREE HOSPITAL, Gray's-inn-road,
In the immediate vicinity of the Great Northern Rai_►-
way Terminus, King's-cross.

Patron—Her Most Gracious Majesty the QUEEN.
Vhp-Patron—llis Royal Highness the Prince of WALES, K.O

- -
President—llis Grace the Duke of BUCCI.EUCII,
This Hospital, founded in the year 189-13, the first to estab.
tish the principle of free admission to the sick poor without
the delay and difficulty of Governors' orders, is wholly de-
pendent for support oil voluntary contributions and ldgacies
It affords relief to a large number of in-patients, and, in
addition to this, the average number of attendance of the
iestitute sick has for a cen3iderable period averaged between
1,000 and 4,000 weekly.
The Committee earnestly solicit the ASSISTANCE of the
bcnevolent, as the premises of this Hospital are capable of
coatainieg several hundred more beds, had the Committee
the requisite muds to maintain them.
Contributions are received by the Treasurer, Edward M as
;erinan, Esq., Nicholas-lane; also by Messrs. Coutts and Co.;
Drummond and Co. ; Giyn and Co. ; and Co. ; Hansom
W mime, Deacon, and Co.; Overend, Gur, -
and Cu ; Prescott, Grote, and Co.; Smith, Payne, and Co. ;
and Co . Berners-street ; I. Earned and
nßeayro,
andlay acn
od.
:C
et
Co Liverpool ; and at the Hospital. from 10 till 5. .
STANFORD 871IIT8. Secretary.

THE RESCUE SOCIETY wishes to acid another
home to tho 12 now in operation. Last year no fewer
han 455 poor, friendless, young females were rejected from
want of FUNDS and room, making a total of 3,087, who have
been apt away In five years. here arc brief details of a tew
A the most recent cases:
P'. W., aged If, fallen, mother dead, deserted by her father.
81. A. le., aged 13, homeless, both parents dead.
A. 8., aged 17, fallen, father dead, deserted by her mother
D., aged 15, fallen, mother dead.
V. 8., aged 15, fallen. mother dead,
A. 8., aged 16, fallen, both parents dead.
IT. S., aged 14, homeless, deserted by her parents,
M. H., aged 17, fallen, both parents dead.
C. 11., aged 17, fallen, both parents dead.
A. G., aged 18, fallen, father dead.
If. K„ aged 18, fallen, both parents dead,
S. 8., aged 17, fallen, both part nts dead.
M. A. W. aged 17, fallen, both parents dead.
S. D., aged 15, fallen, both parents dead.
The new home the mmittee wish to form would be for
young girls, almost c dren, from the age of 8 to 15, who
have been led astray from the path of virtue.
Contributions will be received gratefully by the Secretary,
Mr. Daniel Cooper, '5, Queen•streek,Cheapside; or by Meson
Barclay and Co., Lombard-street.

TEETH AND PAINLESS DENTISTRY.
Messrs. LEWIN and SIMEON MOSELY and

SONS, Dentists,
30, Bernersi-street, Oxford-street, and 448, Strand,
Opposite Charing-cross itailn ay Station.

Their painless aetificial teeth are unequalled for economy,
durability, comfort, and all purposes of articulation and mas-
tication. Operations of every kind l cing unnecessary, the
most nervous patient can be supplied without fear of pain or
inconvenience.

Consultation free. Teeth_ from ss, Sets from 5 to 25 ga,
warranted. _ . _

Vor the eflica:7, utility, and success of their system, vlde
„ Lancet.
Daily attendance at 31, Berners-street, Oxford-street, and
41S, Strang), Lond,m ; is. White ria r.ro.t(?.. INI ; I'', orfolk-
street, Sheffield ; 4, Last-parade, Leeds ; and I I. St. Nicholas-
-8 tre,t, S.arbro'.
Observe—Establ!shed 1830. No connection with any of the
same nin e.

AMERICA.

[REUTER'S TELEGRAMS.]
ARRIVAL OF THE CANADA.
(Via Roches Point.)

Mr. Chandler has given notice
that he would, on some future day, read the British
NEW
Yojuc, Jan. 17 (Morning).
In the Senate,
Foreign Enlistment Act, with the provision abolish-
ing all existing laws on neutrality.
During the debate on the resolution for the pro-
clamation of non-intercourse with England, Senator
Johnson said that it was a very important matter,
and that the mere offering of the resolution had
created great solicitude. Ile moved to table the
resolution.

Mr. Chandler wished the resolution to be referred
to the Committee on Foreign Affairs. Mr. Sumner
thought that a reference to that committee was the
best course to pursue. The resolution was then
tabled.

The House of Representatives have concurred in
the resolution of the Senate empowering the Recon-
struction Committee to send for certain persons and
papers.

- The order for mustering out all coloured troops
in Texas has been revoked.

Rumours are current in Toronto that arrange-
ments have been concluded with Washington to
continue the Reciprocity Treaty beyond March
next.

NEW YORK, Jan. 16 (Evening.)
Mr. Chandler has introduced the following reso-
lution in the Senate :

" Whereas England refuses to settle the Alabama
claims, the President is requested to withdraw the
American Minister from England and issue a pro-
clamation of national non-intercourse."

The resolution was tabled by a vote of 25 to 12.

A resolution has been offered and laid over re-
commending the immediate trial of Messrs. Davis
and Clay by military commission.
All the volunteer troops in the department of
Virginia have been mustered out.
The report in the American journals that the
Federal troops would be withdrawn from Alabama
and Georgia was unauthorised. General Grant, in
replying to an application for their withdrawal,
does not recommend such a step until there is ample
security for the protection of all classes in the late
rebellious States. He doubts the propriety cf
arming the militia while the Federal troops remain
in the South.

The Federal Adjutant in Mississippi has revoked
the order disarming the negroes.
The Treasury agents in Charleston have arrested
the principal officials and seized the books and assets
of several blockade-running companies organised
during the war. They have forbidden them to
dispose of their assets, and the matter has been re-
ferred to Washington for adjudication.
The Federal troops have recaptured the steamer
Lilly, taken by outlaws on the Alabama river. 75
bales of Government cotton had been landed, and
the outlaws had expressed their determination to
prevent any Government cotton running on the
Alabama river.

All Government employe's at Fort Monroe, for-
merly in the service of the Confederate Government,
have been dismissed, in consequence, it is said, of
fears that they intended to attempt the rescue of
Mr. Davis.

General Sweeney, the Fenian Secretary of War,
has joined the Senate organisation, and has issued
a call for prompt military action.
The City of Baltimore has arrived out.
COMMERCIAL INTELLIGENCE.

Money abundant. Gold, 1391. Exchange on
London, 1514- ; on Paris, 3.721. Stocks improving.
New York Centrals, 931 ; Erie, 92i ; 5-20 Bonds;

A half-yearly dividend of 3} per cent. has been
declared on Erie preferred, and 4 per cent. on
common stock.
The New York Herald states that President
Johnson is considerably indisposed, but that no
fears are entertained of serious illness.

The New York Times denies the reported Cabinet
changes.
In the Senate Mr. Chandler offered a resolution,
asking the President for information whether there
have been any violations of neutrality on the part
of the army occupying the right bank of the Rio
Grande.

The Royal Mail Steamship Company's steamer
Canada arrived at Queenstown at 5.45 a.m. to-day
(29th January). She brings 51 passengers and
$38,124. After landing all the mails, 114 sacks,
she proceeded for Liverpool at 6 a.m. All well.

General Scott arrived at Key West on the 7th
and left on the Bth for New Orleans. He will spend the
month of January at Key West.

Major-General Schofield will remain for some
time in Europe. It his intention to visit Italy and
Germany. _ _ _

General J. Watson Webb, of New York, 'United
States Minister to Brazil, has resigned his post and re-
turned home. _ _

Randall Hunt has been chosen United States
Senator from Louisiana.

..............
United States Consul Page, of Zurich, is making
a short tour in Italy. He will be absent from his post
about two weeks. _

Dr. Gwin, who was arrested some time since, on
his return from Mexico to the United States, is confined
at Fort Jackson, below New Orleans.
Dr. Wilson has been appointed the United
States Consul at Antwerp, and has assumed his duties.
He succeeds Dr. Crawford, resigned. _

Dr. Sangen, a distinguished surgeon in the
United States Army who was in service throughout
the late war, is making a special tour en the Continent,
examining the various hospitals. He is also making a
collection of fractured human bones, and has already
obtained over ono thousand specimens. He has with him
high testimonials and special letters of introduction from
Mr. Stanton, Secretary of War.

The rebel Gen. Longstreet has become a commis-
sion merchant in New Orleans.

It is reported that the Congressional Committee
on the death of President Lincoln intend to invite Mr.
George Bancroft, the historian, to deliver the oration on
the occasion of the memorial services, Secretary Stanton
having declined the honor.
Mrs. Senator Dixon has been the recipient of a
silver pitcher, valued at: $3OO, as a testimonial in appre-
ciation of her unwearied attentions to the sick and wounded
soldiers in the hospitals during the rebellion.
It is said that Bierstadt's brush has earned him
$120,000 in the last three years. He has the finest team
in the New York Central Park, and is building a villa in
Irvington, on the Hudson.
Hon. Amos Kendall has erected a house of wor-
ship for a Baptist Church in Washington, D. C., at a cost
of $60,000, and generously donated it to the church.

Major-General John C. Breckenridge is shortly
expected in England with his family.
Dr. Williany.A. Hammond, late Surgeon-General
of the United States, is in Europe in charge of a grandson
of the late John Jacob Astor; and a gossippiug corre-
spondent says that he receives for his services $lO,OOO
in gold for six months, all travelling and subsistence ex-
penses liberally paid, and $3,000 for each month occupied
'beyond the six.

Dr. Bradford, Public Administrator of the City
of New York, has confessed that he is a defaulter to the
amount of $35,000 or $40,000. He says he took the money
to speculate in stocks.
The rebel General Mercer, who is on trial at
Savannah for the murder of seven Union soldiers, is'a
grandson of the Revolutionary General of that name.

There is a rumor that the French Minister spent
Now Year's Day in New York to avoid calling on the
President.

The sales of 11. B. Claflin and Co., of New York,
for 1865 have been, according to rumors among drapers,
$70,000,000 against $40,000,000 in 1861.

Mr. William Lloyd Garrison has discontinued the
publication of the Boston Liberator. In his last number
he bids an affectionate farewell to his friends, who have
aided him so many years.
Jubal Early writes from Havana that he is " a
voluntary exile from his country because lie is not willing
to submit to the foreign yoke imposed upon it." If we read
aright the accounts of the campaigns in the Shenandoah
Valley, Jubal E. was an " involuntary exile " from that
section of the country.

Mrs. Clement C. Clay has returned from Fortress
Monroe, and had another interview with the President.

Gen. Wilson, the capturer of Jeff. Davis, is to
be married at Wilmington shortly, in the presence of Gen.
Grant and staff.

The visit of Secretary Seward to the Gulf of
Mexico has caused quite an excitement in diplomatic
circles, although the Secretary declares that ho only goes
to recruit his health, and that he will bo back again by
the first of February. During his absence Chief Clerk
llunter will act as Secretary of State. Mr. Seward, accom-
panied by his daughter, his son Frederick Seward and his
wife, and his nephew Clarence A. Seward and wife. Mr.
Robinson, a messenger of the State Department, accom-
panies the party.

Gen. Wade Hampton is living on his plantation
near New Orleans. He brought out a large number of
freedmen from South Carolina to cultivate his fine planta-
tion on the coast.

Mr. L. D. Campbell, understood to have been
selected as Minister to Mexico, is an " old line Whig,"
who distinguished himself in Congress a dozen years ago,
and led an Ohio regiment during the war. He is an inti-
mate friend of President Johnson.

Captain Chariton Morgan, brother of the de-
ceased General John IL Morgan, was married in Baltimore
recently to Miss Howard, granddaughter of Francis Key
(author of the " Star Spangled Banner "), and niece of the
wife of Hon. Geo. H. Pendleton, of Ohio.

John C. Breckenridge is living quietly with his
family in an elegant house in the suburbs of Toronto.

An ex-Empress died in Philadelphia recently. It
was Madame iluato de Tturbido, widow of the former
Emperor of Mexico.

George B. McClellan, jr., a son of the General,
was born at Dresden, November 15, 1865.

When the Hon. Caleb Cushing was Attorney
General of the United States ho was said to be the only
member of the Cabinet able to converse in any language
beside his own. At a diplomatic dinner in Washington,
given by Mr. Bodisco, the Russian Minister, he conversed
in French to M. Sartiges, the French Ambassador; in
Spanish with Don Calderon, ; in Dutch with Baron Von
Gerolt ; in Portuguese with De Figanere, and in the
purest Italian with the Representative of the Two Sicilies.
The distinguished party were surprised and charmed, and
some thought the Yankee polyglot could have added the
Chinese had a Representative of the Celestials been
present. _ _

The debt of Boston is over $10,000,000.
The Mills House, Charleston, has been reopened.
The small pox is making fearful ravages at
Mobile.
The number of immigrants who have arrived at
New York during the last year is 195,075. Germany sent
82,454 and Ireland 70,338. Turkey furnished 5, Greece 51
and Africa 37.

COMMERCIAL INTELLIGENCE.
Money abundant. Gold, 1381. Exchange on
London, 1501 ; do Paris, 375. Stocks dull.
New York Centrals, 921 ; Illinois, 127. Erie, 901.
5-20 Bonds, 1031. Cotton steady. Middling
Uplands, 52. Flour declining. Wheat dull. Corn
quiet. Provisions heavy. Coffee, sugar, and mo-
lasses quiet. Petroleum quiet ; crude, 34 ; re-
fined, 56.
NEW ORLEANS, Jan. 13.—Cotton firm and ac-
tive. Middling upland 49 50.

A prominent topic of discussion in financial circles is the
effect which the increasing plethora of money and the pre-
vailing loss of confidence are likely to produce on general

There is little doubt that the depression in public confi-
dence, of which a proof will be found in our account of the
week's fleet tiat:oos in the same market, is closely connec:ed
with the anticipated effects of the contraction movement of
the Secretary of the Treasury. • If so, this general feeling of
vague distrust will probably pass away when the practical
character of that measure is better understood. The well-
known mischiefs of violent contraction of the currency are
what seemed to be dreaded by our business men ; but in the
presentand prospective condition of the national Treasury
such violent sudden contraction would defeat its own pur-
pose, and is equally unnecessary and improbable.
On Monday Mr. Morrill, from the committee of ways and
means, reported to the Rouse of Representatives a bill for
consolidating the public debt. This bill, with some modifi-
cations, will no doubt become law; and it is beyond doubt
the mostimportant financial measure of the session. In the
examination of its details our readers must keep in mind
the state of things with which the bill has to deal, and the
difficulties it is designed to meet.

The chief of these difficulties is the large amount of our
short-date floating obligations. Of our national debt, which
amounts altogether to about 2,800 millions, some 1,100
millions aro represented:, by long bonds, none of which ma-
ture before the year 1880. The remainder of the debt, or
almost 1,700 millions, is of shorter date, the larger part of
it falling duo in 1867 and 1868. The problem to be solved
by the bill before us, then, is to raise 1,700 millions of
dollars during the next two years, or as soon thereafter as
the money may be wanted to extinguish the greenbacks
and other outstanding obligations of the Treasury. Mr.
M'Culloch, when he was hero a fortnight ago, expressed
the opinion that the income of the Government from taxa-
tion will be enough to pay all new claims and current ex-
penditure. If so, the above-mentioned 1,700 millions aro
all that will be necessary to provide for by a luau.
Now, there aresome among us who say that this amount
is too large for us to raise without appealing to foreign
capitalists for aid. But the Treasury report recently pre-
sented to Congress shows that during the last year of the
war wo raised by loans and taxes no less than 1,897,674,224
dollars. We shall surely be able to raise 1,700 millions in
several years if during a single year of war we raised 1,900
millions, without impoverishment, without prostrating our
national industry, and without producing more than a transi-
tory retardation of the swift, deep, widening current of our
national wealth. And, in estimating that wealth—in
measuring the extent of our recuperative powers, and of
our strength to bear the burdens of the war—the anticipa-
tions of the most sanguine among us have always fallen
short, while the vaticinations of the prophets of evil have
been uniformly refuted. Nothwithstauding these gratify-
ing facts, however, there are, as we have said, a few per-
sons both in and out of Congress who take the gloomy view
of our financial position.—New York Financial chronicle.

The New York advises continue to confirm the view
taken by the most prudent American merchants as to the
peculiar features of the existing course of business, and to
show that as far as sanguine intolerance and dread of
discussion are concerned our speculative operators at
Liverpool, Glasgow, and elsewhere are much more Ameri-
can than the Americans themselves. Thus, while one.
American writer speaks with misgivings of the enormous
foreign debt rolling up against the country, others venture
to point out the future drain that must be met for mere in-
terest from the constant sales of United States bonds in
Europe, and the impolicy of allowing the process to go on.
At the same time, the Controller of the Currency, in his
formal report, speaks of "the waves of the uncertain sea
on which the business of the country now rides," and adds
that, looking at the financial troubles before them, it will
require no little wisdom, courage, and earnest effort to
avert shipwreck. The present letters mention no events
of commercial importance. The severity of the weather
had checked transactions, and had likewise caused much
interruption to telegraphic communication. The mer-
cantile community had just sustained a severe loss in the
death of ono t) its most honorable and influential
members, Mr. li. B. Miutura, of the firm of Grinnell,
Minturn, and Co. With regard to the plan of financial
operations just presented to Congress by the Secretary of
the Treasury the Sew York Alward of Commerce contains
the following:—

"There is a disposition to pause and digest the pro-
position now before Congress, to place almost unlimited
power in the hands of the Secretary in relation to future
loans and the funding of the floating debt of the Govern-
ment. This plan allows the secretary to sell any class of
bonds, not over 40 years to run, at any price, in any part
of the world, for money, Government securities, or foreign
exchange, the interest being limited at 6 per cent. if
payable in this country, or at 5 per cent. if payable abroad.
We have no idea that this will result, if adopted, in the
negociation of a large foreign loan ; but it would enable
the Secretary to place a certain amount of Government
securities abroad, and to draw against them, thus
' regulating' the exchange and keeping the home market
easy while he was funding his floatingdebt. It may seem
like placing a large discretion in the hands of a single man,
but we believe that Mr. M'Culloch would not betray the
trust. The only important official act ho has performed
which has been disapproved was the secret sale of gold so
long continued to the scandal of the Sub-Treasury and
the chagrin of right-minded men of all parties. That
course even hismost zealous partisans hero have not dared
to defend. But we care not how large the powers con-
ferred upon him may be if he will act openly in the view
of all the world. Secret manipulations of gold by family
friends we shall always condemn ; even if designed in
good faith the method of execution will be open to suspi-
cion. But a largo individual discretion, with strict ac-
countability, is not necessarily a cause for apprehension."

From Messrs. E. F. Satterthwaite and Co.'s Weekly Circular,
January 24.)

By our advices from New York to the 9th inst., by the
"Australasian," we find that the market for Government
Securities had been dervessed by the proposal of the
Government to convert a large amount of its currency
indebtedness into 40 years Bonds. The fall was limited
to about one per cent. In prospect of an early large contrac-
tion of currency, Railroad Securities of all descriptions
had given way, and the entire list shows a decline of from
$2 to $6. Money continued abundant, as evidenced by
the large increase, under tho head of deposits, in the Bank
return—more than fifteen millions in a fortnight. Gold
was quoted 138 i, with a declining tendency,
Via "Roches Point," we have received the following
quotations, being to the 12th inst.
United States 5.20's 103/ I Erie Common ............ 891
Illinois Central 8 I Gold ...................... 1381
The following is the return of the New York Banks
Discounts. Specie. Circulation. Deposits.
• 4. S
Dec. 23, 228,5/2,031 16,055,037 17,629,125 183,021,870
Dec. 30 229,455,730 16 , 331 769 17,990,689 189,224,861
Jan. 6, 233,185,459 15,778,471 18,088,428 195,482,254
,

TRAFFIC RETURNS FOR DECEMBER.
Miles Open. 1865. 1864. Increase. Decrease.
Chicago and North
676 546,609 563,400
Western
27,993
Chicago Chicago aannddArilotoenk
182 190,272 321703'-
281 224,022 252,015
151and130,7.65
Marietta and Cin-
cinnati
Michigan Central 329 328,869 376,470 ......... 47,601
Michigan
Southern
From the above it will be seen that nearly all the Rail-
roads show a large diminution in the earnings of the last
month of 1865, as compared with the corresponding period
of the previous yer.r. We have for the past two or three
years been so accustomed to see a very large increase in
the traffic that we think it desirable to give some of the
causes in operation tending to produce such apparently
unfavorable results. In the first place, some of the Rail-
road Companies benefited greatly during the war by the
amount paid by the Goirernment for transit of troops, and
freight of stores and provisions for the different armies in
the field. This source of income is of course at an end.
It is also well known that farmers and shippers of all
kinds of produce from the West to the East have in former
years suffered so severely from the detention of their
goods by the want of accommodation at the points of
transhipments (frequently causing a delay of from two to
four mouths), that many are holding back till the spring,
when they can avail themselves of water carriage. Not-
withstanding all these drawbacks, however, it is satisfac-
tory to find that the returns for 1865 are, in most cases, in
excess of those for 1863, and very much so over the earn-
ings prior to the war, and it must also be borne in mind
that the percentage of working expenses is much lower
in consequence of labor and materials being now nearly
thirty per cent. cheaper than last year.

We have received the following communication, which
we are satisfied will prove substantially correct ; and we
give it, as it may be of interest to holders of Detroit and
Milwaukee Bonds.

The earnings of the road have been very large, and
appear 'such as to render the payment of interest quite a
certainty; under theze circumstances, we. should be dis-
posed to think that the Funded Coupon - Bondholders

The Grand Trunk of Canada traffic is, for week ending
---Dec. 30, 1865, £22,162 sterling, on 1,377 miles, or £l6
ls. 1.1. per mile per week ; Dec. 31, 1864, £25,390 sterling,
on 1.335 miles, or £l9 Os. 4d. per mile per week. •
The Detroit and Milwaukee traffic is, for week ending
—Jan. 4, 1866, £5,070 9s. 3d. sterling on 189 miles, or
£26 16s. Gd. per mile per week; Jan. 5, 1865, £5,110
Bs. 11d. sterling on 189 miles, or £27 Os. 9d. per mile per
week.

Since our last the chief features in the London:market
for American Securities have been some few large trans-
actions in United States 5.20 Bonds, and a demand for
Erie Shares for shipment to New York ; the general
public, however, appear to be doing little or no business
in these securities.

On the week 5.20's have advanced about a half per
cent., closing GGI to 1, notwithstanding reported large
shipments from New York to the Continent. Illinois
Shares continue neglected, and close 75 to I. In Erica
there have been considerable fluctuations, as they were at
one time taken as, high as 59, but the lower quotation by
the "City of London " seriously depressed the market,
and they leave of nearly $2 lower than we last reported ;
viz., 551 to 56i. There has been some demand for
Virginia Sixes, resulting in an improvement of 81.
Atlantic and Great Western seenritios remain steady.

OFFICIAL TRANSACTIONS FOR THE WEER.—United States
5 per Cent. Ronde, 1874: Thursday 571; United States
6 per Cent. 5.20 Bonds, 1882: Thursday, 661 ; Friday,
661 6 ; Saturday, 66 51; Monday, 661 1 ; Tuesday,
66 8I ; Wednesday, 66} 1 ; Virginian 6 per Cent.
Dollar Bonds : Tuesday, 40; Wednesday, 403 1;
Atlan. and Gt. Westn. (N. Y. Sect.) Ist Mrt.
Bds. 1880: Monday, 77 ; Atlan. and Gt. Westn. (Penns.
Sect.) 2nd Mrt. Bds. 1882 : Thursday, 73 ; Erie Shares,
$lOO, all paid : Thursday, 571; Friday, 571; Saturday,
57; ; Monday, 58 9 71; Tuesday, 56 51 61; Wednesday
56 ; Erie Shares, 6 per Cent. Convertible Bonds:
Saturday, 751 4 ; Monday, 76 5} 1; Wednesday, 751 i
Illinois Central Share; all paid : Thursday, 761; Friday,
761 ; Saturday, 761 1; Monday, 751 64 51; Wednesday,
753 I ; Marietta and Cincin. Rail 7 per Cent. Bonds, 1891;
Monday, 66.

RECENT WILLS AND BEQUESTS.

-a-

(Front the Illustrated London News)
The will of Charles Douglas Ilalford, Esq., of
29, Grosvenor-square, and West Lodge, East
Bergholt, Suffolk, was proved in London, on the
28th ult., under £BO,OOO personalty, probate being
granted to his son, Charles Augustus Drake Halford,
Esq., the sole executor. The will bears date Nov.
27, 1860, and a codicil April 17, 1862. The testator
died on Dec. 9 last, at West Lodge. He bequeaths
to his second son his residencee,;Grosvenor-square
and West Lodge, With the furniture, plate, books,
pictures, carriages, &c., for his own use absolutely ;
also a sum of £33,000 under marriage settlement,
dated 1825 ; and appoints him residuary legatee.
To his five daughters he leaves various sums. In
trust to one £2,000 ; to the others, £5,000 ; and to
each a legacy of £l,OOO for her own separate use.
There are complimentary legacies to his son-in-law,
free of legacy duties.
The will of Joseph Cookson., Esq., of the Royal
York Crescent, Clifton, Bristol, was proved in Lon-
don by the executors and trustees, John Cookson,
Esq., the nephew, and George Baker Keeling, Esq.,
of Lidney, Gloucestershire. The personalty was
sworn under £120,000. The will was executed at
Ryde, Isle of Wight, on Aug. 27, 1860 ; and there
are two codicils, dated respectively 1861 and Oct.
25, 1865, which were executed at Pau, Basses Py-
renees, in France, where he died, at the age of 82,
on the same day he signei the last codicil. To his
wife there is an immediate legacy of £5OO and a
provision under settlement ; the reversionary inte-
rest will devolve to his great-nephew, Joseph
Cookson, of Neachann, who is appointed residuary
legatee of both real and personal estate. There
arc numerous legacies to relatives and friends and
to his executors, as well as to charitable institutions.
His shares in various companies he has distributed
principally among his nephews and nieces and their
children. The following are the charitable bequests,
which are mostly confined to Bristol : —To the
Canynge Society, Bristol ; Clergy Society, Bristol
Infirmary, Clifton Dispensary, Blind Asylum,
School for Poor of St. Philip and St. Jacob, 100
guineas each ; the Humane Society, Bristol, £5O ;
and £25 towards the hanging of bells in the belfry
of Lidney parish church. All legacies to be free of
duty.

The will of the late John Vipond, of Carnavon,
Llanover, Monmouthshire, was proved in London
under £40,000. He has left £250 to each of the
following institutions :—The British and Foreign
Bible Society, the Wesleyan Missionary Society,
the fund for the relief of worn-out preachers, and
the circuit stewards of Pontypool.
The wills of the following gentlemen were lately
proved : William Stennett, Esq., of Reigate,
Surrey, under 80,000 perso n alty ; Stephen Flockt en,
of Ilampde,n House, Romford,Essssexo,oß; and Henryussiabroker,
£60,000 ; John Fell, of Southwark and of Ux-
bridge-common,
re moofn
Bloomsbury-square, ilot
o and Ludgate-
hill,
X
bill,cut-gelauv.ss manufacturer, £3,ooo.—lllustrated
London j\r 0

The internal revenue collections in Pittsburg,
rennsylvania, last year amounted to $4,386,000—an in-
crease of $1,800,000 over 1864.

General Gideon J. Pillow writes to Gen.
Howard that ho is succeeding beyond all his expectations
in procuring laborers foy his plantations in Arkansas and
Tennessee, and has full confidence in his plans. He gives
the negroes a part of the crop of cotton, and allows them
land for the cultivation of vegetables and corn for their
own use without charging them for it. He says he could
have engaged a thousand laborers on these terms if ho
had wanted them. He is working one plantation with
white laborers engaged on the same terms. It will be
interesting to compare the results of the two experiments.
LADVERTISE9fENT.]-11olloway's Pills.—Winterly Draw-
backs.—Whence fogs spring, or whither they retire, it is
not our present purpose to explain ; we desire to point out
how these ill effects on the human frame can be neutra-
lised. The blood must be freed from superfluous carbon
and mephitic taints by some purifying medicine like Hol-
loway's pills, which not only thoroughly cleanse the cir-
culation but adjust in every organ the defects imposed
upon it by that fluid when it has become foul or sluggish.
These pills prevent stagnation, congestion, and are the
bost regulators and preservatives against internal inflam-
mations, irritations, and ulcerations ; while expelling mor-
bid matters from the system, they cool it by their gently
aperient action and strengthen it by their tonic virtues.
, —Consumption and all n
LADvEnTrrirsiENT.] , nervous, bilious,
stomach, and liver complaints, is every stage, are only ag-
gravate I and accelerated by drugs of every description. but
perlec.ly curable by Du Barry's health restoring Itevalenta
Arabica Food, as proved by thousands of cases which had
been considered hopeless; such as indigestion (dyspepsia),
cough, asthma, consumption, habituil c)nstipatlon, distr.'
lura, all gastric derangements, haemorrhoid.;, liver com-
plaints, flattecncy, nervousness, biliousness' fevers, sore
throats, diphtheria, catarrhs, colds, influenza, n Ases in the
head and ears, rheumatism, gout, impulit'es, eruptions,
hysteria, neuralgia, irritability, sleeplessness, acidity, pal-
pitation, heartburn, lictida,che, debility, dropsy, cramps,
spasms, nausea i.nd sickness even in pregnancy or at sea,
s:nking, fits, bronchitis, scrofula, tightness of the chest.
pains in the pit o: the stomach and between the shoulders,
&e. We quote a few.—Cure, No. 45,270. Mr. James Roberts,
timber merchant, of Frits ley Surrey, of thirty years' diseased
lungs, spitting of blood, liver derangement, and partial deaf-
ness.—Cure, No. i7XI. Mies Elizabeth Jacobs, of extreme
nervousness, indigestion, gatherings, low spirits, and nervous
faucies.—Cure, Na 1,771. Lord Stuart de Decks, Lord-Lieu-
tenant of Waterford, of many years' dyspepsia.—No.43,B32.
Fifty years' indescribable agony from dyspepsia, nervousness,
asthma, cough, const patio flatulency, spasms, sickness, and
vomiting—Maria Jolly.- Cure No 54,816. 111 e Rev. James I'.
Campbell, Fakenhain, Norfolk, of indigestion and torpidity
of the liver, which 'sad resisted all medical treatment.
In tins. 1 lb., 2s. ; 21b., 4s. Gd ; 51b., 11s. ; 121 b., 21s. ; 241 b.
t-street, London;
also Phillips, tea dealers, 8, King William-street; likewise
408.—Barry Du Barry and Co., No. 77, If er,,,en
at GI, Gracechurch-street ; 4, Cheapside ; 49, Bishopsgate-
street Within ; 63, 150, and '298, Oxford-
street ; 330, Strand ;
54, Upper Baker-street; 103, Tottenham-court-road; 96,
Upper-street, Islington, N.; Harvey, Notting-hill; Close
High-stre: t ; and Stubbs, Queen's-terrace, St.
John's-wood. . London; and all respectable grocers and die-
m so tnts'h 5'
. °c°s°vdare of spurious imitations.

,
Nfoript% stilt