The Sun.
London, England, 1866-09-15 00:00:00

MISCELLANEOUS AMERICAN NEWS.

The President and suite are warmly received by
the towns, on their way to Chicago. At Auburn,
the home of Secretary Seward, the reception was
most flattering. The people of Schenectady, Syra-
cuse, Utica, and many others, cordially welcomed
the party, and were in turn briefly addressed by
his Excellency, who declared his intention to work
for a complete restoration of the Union. Major-
Generals Rousseau, Steadman, and Custer, joined
the party at Albany, where the welcome was of a
most imposing character. A delegation escorted the
President to the state capitol, where he was received
by Governor Fenton, who cautiously avoided any
direct approval of Mr. Johnson's policy, from fear
of giving offence to his friends. The Presi-
dent delivered a lengthy speech from the balcony of
the Delevan Hotel, which elicited loud applause.
He first asked what had been his offence which
caused the Radical press to assail him with such
indecent violence, and answered his question :
" Slander and calumny, the foul whelps of Sin, and

a mercenary and subsidised press had tried to

poison the public mind, but his only crime had
been that he had stood by the constitution

and the laws. He challenged the whole train
of traducers, in power or out of power, to point
to a single principle in the platform upon which he
had been elected that he had departed from. Did

the North meanly wish to degrade and disgrace the
South after having conquered her ? Was the artery
to be re-opened—the healing wound started afresh ?
He had too much confidence in the people to be-
lieve these things. To them he was willingto trust
the welfare of the country and the vindication of his
ourse. The bayonet and bullet had done their duty,
and the ballot-box would do its duty also." The re-
_ .

ception in New York on Wednesday, 29th August,
was most enthusiastic. The Presidential party
reached the city at noon, and was escorted up the
Broadway to the City Hall by the city officials and a
detail of military. After a formal reception at the
Hall the President proceeded up Broadway and
Fourteenth-street to D elmonico's in a carriage drawn

by six horses. Five brigades of military and nume-
rous civic organisations formed the escort. Secre-
taries Seward and Willis and Major Hoffman rode

with the President. Other carriages contained General

Grant, Admiral Farragut, and the other distin-
guished visitors. The street was densely crowded
with citizens, and every window and house-top oc-
cupied, and the cheering and hat and handkerchief
waving indicated au enthusiasm seldom if ever be-

fore created in the country.
From Russia we hear of lavish honours conferred
on the American visitors. On the 22d August the

Emperor and Empress gave a dinner to the deputa-
tion
led by Mr. Clay, United States Minister at the
Court of St. Petersburgh. All the members of the
Imperial family then at Peterhoff were assembled to
welcome the guests, and 100 persons sat down to
the banquet. His Majesty himself proposed the
toast—" The Prosperity of the United States of
America, and the Consolidation of Friendly Rela-
tions between the Two Countries." A ball took
place in the evening. Next day the American party,
consisting of 32 persons, started for Moscow, which
they reached the day following. They travelled in
special carriages with almost Royal state, and found
elegant luncheons and dinners provided along the
line, and were waited on by deputations from the
principal towns. M. Kokoreff placed his noble
mansion at their disposal, and Prince S. Galitzin
invited them to spend a day at his beautiful park of
Kouzminki, famous for generations for its splendid
hospitality. Among the incidents recorded on this
occasion was the presentation of the American flag
to a number of the Prince's peasants. The scene
took place in the drawing-room in the evening, and
so appropriate were Mr. Fox's words in presenting
the flag that the old men among the peasants were
affected even to tears. On the 29th the deputation
and their companions reached Nijni Novgorod. M.
Jourayleff received them into his house, and they
were, by the last accounts, enjoying the wonders of
the fair, which is still in full activity. Their stay
in Russia is drawing to a close, but as yet no date
is assigned for their departure. Government is said
to defray all expenses connected with their visit, of
course with the exception of entertainments given
by private individuals. Crowds still flock to see the
Miantonomah. Excursion boats start frequently

from the English quay, the most crowded being tha
at 11 a.m. Military bands entertain the passengers
with the enlivening strains of "Yankee Doodle,"
varied by " Hail, Columbia," and Strauss's last
waltz ; the stars and stripes float gaily at the
main, and the sight-seer's, in high good humour
at the prospect of something new, talk of no-
thing but the Americans and the wonders of the
ironclad ship.
It is expected that several members of the Ca-
nadian Government, including the Attorney-Gene-
ral and the Postmaster-General, will meet President
Johnson at Niagara. The most important delibe-
ration yet held by the Fenians was to take place at
Troy, on the 4th September, where the questions
were to be finally settled whether another invasion
of Canada should be made, and what caused the
failure of the Fort Erie expedition? On this sub-
ject the New York Herald of the Ist September
says :—" The Fenian Senate has been in session for
two days in this city. Their action is merely pre-
liminary to that of the Congress which meets in
Troy on the 4th. General 0 Neill and other pro-
minent Fenians have already appeared before the
Senate, and from what can be learned it appears that
a very poor opinion is entertained of the fighting
qualities of the Canadian Volunteers. On the 4th
the Fenian Congress will assemble in the city of
Troy, when itwill be definitively decided whether an-
otber movement is to be made against the Canadian
frontier and at what time."
"An English Politician" writes to the Star as
follows :—" see that the American news by
Reuter's Express, per City of Paris, contains the
following sentence with regard to the Radical Con-
vention to be assembled at Pittsburg Most of
the Radical leaders throughout the country arc ex-
pected to be present, and the proceedings are ex-
pected to be important as well as amusing, inasmuch
as they will probably define to some extent the
course to be adopted by the Radical faction in view
of the approaching elections.' Now, sir, it is a
little too bad that we cannot get a bit of news with-
out being obliged to swallow the poison of the pro-
slavery party also. An English news agency ought
to know better than to express contempt of that
party in the United States which fought out the
great war and won it, and which will probably fight
out victoriously the same principles at the ballot-
box.—l am, &c."
The Springfield Weekly Republican informs us
that Mr. J. S. Wright, of Chicago, has issued at Boston a
curious tract, entitled " Conflicting Teachings of South
Carolina and Massachusetts," which is preliminary to a
series of volumes he proposes to publish. He considers
the theories of Massachusetts and South Carolina both
wrong on the matters of State sovereignty and national
and has a theory of his own which he thinks is
foundkill reconcile
on on
permanent " the laws of nature and nature's God," and
v
celle all differences and restore the Union on a
basis, What this theory is we do not learn
from the pamphlet, but presume it will be announced in
Mr. Wright's first volFume,ht? be entitled " Force of Reason,
Reason of Form',
Massachusetts to subscribe forvolusmfie he asks the sons of
suggesting that many 5,000 copies at $4 each,
of the wealth s mild take from four
to 25 copies for gratuitous
fidfitesterinbuytion.. Mr. Wright ex-
pects to be at least ten or eharstein. completing the
whole work, so there is no need of haste in broaching his
theory or determining its merits.
t was. ono of the
punt considerations that led us to decline to The Repub-
lican the essays which Mr. Wright has 'embodied in his
pamphlet.

COMMERCIAL INTELLIGENCE.
NEW "Y"E, Sept. 1, 1866.
You may have noticed the fall in the prices of our stocks,
which in the face of an overflowing abundance i money'
may have puzzled you. The truth is, that thens',
combined with the "Boars" to bring about this result,
with the view of buying in at the reduced figure. The
movement will most probably only result in loss to them-
selves as the market is too strong, and such schemes can-
not have but a momentary success, the reaction pro-
bably tending to send values higher than ever. The
full effect of the large disbursements of the sub-treasury
has not yet been felt. Large sums are lying idle in Wall-
street. Over $80,000,000 became due last month from the
Treasury, and payment is being made at every sub-trea-
ry Loanse are made freely by the banks to stock houses
at.,
.cnt per . ; exceptionally at 3 per cent.. up to 5. In
the activity of trade the supply of commercial