The Sun.
London, England, 1866-09-29 00:00:00

MISC ELLANEOUS AMERICAN NEWS.

A report has been current during the last week
that Mr. Adams, the United States Minister, had
gone to America on leave, and that he would not,
probably, return to this country. This report, we
are informed, is an error. Mr. Adams has been
granted a leave of absence for a short time, and has
gone to the Continent with his family. Mr.
Benjamin Moran, the efficient and popular Secre-
tary of Legation has, we learn, been placed in au-
thority
as Charge d'Affaires during the absence of
the Minister —a
proof of confidence in that gentle-
man on the part of the United States Government
to which his long and able services in connection
with the Legation eminently entitle him.
The receipts for customs at the five principal
ports, from the 20th to the 27th of August inclu-
sive, were as follows :
New York 52,526,115
Boston 264,872
Philadelphia
Baltimore
74,002
New Orleans

The receipts of gold into the Treasury at Wash-
ington continue to be very heavy, and, notwith-
standing the disbursements of over five millions
since the statement of the first of September, four-
and-a-half of which was for interest on the Ten-forty
Bonds, the amount now held exceeds that on hand
at that time, reaching nearly eighty millions of dol-
lars. Of this amount sixty-three millions actually
belong to the Government, the balance being re-
presented by gold certificates. The total receipts
from customs, internal revenue, &c., are larger than
at any previous time, and, notwithstanding the
rapid reduction of the National Debt, the balances
in favour of the Government are again rapidly ac-
cumulating at all points.

The first National Bank of Fort Dodge, lowa,
was authorised on Saturday, September 8, with a
capital of fifty thousand dollars.

The first number of a new Radical Republican
newspaper to be called the Great Republic was ex-
pected to appear in Washington on Thursday,
September 13. It is published under the auspices
of the National Union League, and will be the organ
of that order. It will be under the editorial super-
vision of Ron. J. M. Edwards, late Commissioner
of the Land Office, and the recently appointed
Postmaster to the Senate.
The reports received at Washington, at the Re-
publican head-quarters, from all parts of the country,
are of the most encouraging character, and the
fullest confidence is felt and expressed by those who

are in a position to be well informed on the subject
of an overwhelming triumph of the Republican
cause in the fall elections.

The Union League is being extended in the
Southern, States with much success, and is affording
a nucleus around which the National Republican
party can rally in the South against the terrorism
which is exercised against the true Union men.
Its power will soon begin to be felt in Southern
politics.
One thousand eight hundred and sixty dollars
have been collected for the relief of the sufferers
from the fire at Portland, and handed over to Mr.
W. S. Huntingdon, the treasurer of the fund.
The Rev. henry Ward Beecher has written a
second letter explaining away his first. lle fences
with the position as skilfully as Mr. Gladstone under
somewhat similar circumstances. his first epistle
excited a sensation, causing the greatest annoyance
and dismay to the party of which he had been so
cherished a member. Mr. Greeley replied to that
letter in a long and able document, which ends
thus :—" Mr. Beecher has achieved a sudden and
wide popularity. In the conception of every black-
leg, duelist, negro-killer and rowdy, from the St.
John to the Rio Grande, he has all at once ceased
to be a fanatic, a bigot, a disunionist, and become
an enlightened patriot and statesman. His praises
are freely mingled with the blasphemies of the Hook,
and the ribaldry of the Sunday Mercury. There is
not in all the land one who considers niggers very
well in their place,' but that place under the feet of
the whites, who does not thank him for his letter.
The thugs of New Orleans are by this time enjoy-
ing it ; and General Forrest would gladly preside at
a meeting called expressly to ratify it. But there
is sadness in many hearts where the eloquent pastor
of Plymouth Church has been loved and honoured--
a mournful consciousness that they have trusted too
confidingly, and loved unwisely. Little children,
keep your hearts from idols.'"
We extract the following regarding the fur
trade from the letter of the North-West cor-
respondent of the Springfield Republican :
" The fur trade is constantly growing in value
and importance, although the bison and beaver
are considerably less. The value of the furs brought
to St. Paul annually exceeds three hundred thou-
sand dollars. This does not include the great
amount of furs which are transported from the
Red river country through other channels. The
Hudson's Bay Company still carry on their opera-
tions, but in time private individuals will have
broken the back of their monopoly." He also adds,
—" A day or two ago there appeared a little steam-
boat on Lake Minnetonka. It seemed to have a
pleasure party on board, and we noticed also a
small boat in tow, in which was a single person.
We have since learned that this was the first trip
of the boat, and that the engineer becoming
frightened lest the boiler would explode deserted
his engine and beto3k himself to the small boat,
leaving the pleasure party to its fate. The boat
happily reached the shore with no disaster, and is
now lying high and dry on the sand. Such is the
pleasure of pioneer steamboating."

COMMERCIAL INTELLIGENCE.

NEW YORK, Sept. 15.

Gold inclines downwards, under the influence of .the
shipments from Europe and the accumulation in the Trea-
sury. After selling at 1444 to 145*, it closed at 145. lam
inclined to think that gold will decline in spite of the
efforts of the speculators. However powerful they cannot
stand against circumstances, and those circumstances all
point towards a fall. Government Stocks are stronger.
5.20's are quoted at 1111 ; new ditto, 1081 ; and 7.30's at
1051 to 106. The downward tendency of gold strengthens
these stocks, as well as the influence of the large Treasury
balances and the enormous receipts. In State bonds there
is a moderate business, at former rates. Railway mort-
gages were steady, and several transactions took place,
small amounts being freely offered. The Miscellaneous
Share List was not so strong, indeed barely steady.
Among Railways New York Centrals were in special
demand, and with a good tendency upwards. Erie was
not so good, still active, going from 72 in the morning up
to 724. The whole tendency of prices is towards firmness.
After the second board nearly all roundadvanced, and closed
firm at the following quotations:—
New York Central, 1064 to 107 ; Erie, 72* to 721 ; Hud-
son River, 122 ; Reading, 115 to 1154 ; Michigan S mthern,
83* to 831; Illinois Central, 122 ; Cleveland and Pi `sburg,
86 to 861 ; Rock Island, 1081- to 109 ; North-Western, 35
to 354; do. Preferred, 66 to 661 ; Fort Wayne, 105 to 105} ;
Canton, 52 to 524 ; Cumberland Coal, 46 to 461 ; quicksil-
ver, 524 to 521 ; Mariposa Preferred, 30-1, to 31.
Call loans aro 5 per cent., and lower rates are excep-
tional. 1u commercial bills no change. Prime short dated
pass at 5 per cent., and good at 51 to G. Ordinary names
of longer date sell at 7 per cent.
Exchange is unsettled ; Primo GO-day Sterling is quoted
107 to 1074. The following aro the current rates :—Londot
prime bankers', GO days, 1062- to 1074; London prime
bankers, sight, 1074 to 1081; London, prime commercial,
1051 to 10G ; Paris, bankers', long, 5.284 to 5.25 ; Paris,
bankers', short, 5.264 to 5.221 ; Antwerp, 5.311 to 5.271 ;
Swiss, 5.311 to 5.271 ; Hamburg, 351 to 354; Amsterdam,
401 ; Frankfort, 40 to 404 ; Bremen, 771 to 774 ; Berlin,
704 to 71.

In Freights the engagements to Liverpool are 21,000
bush. Corn, at 4gd. ; 230 bales Cotton, at 3.16 d.; 500 bbls.
Rosin, at ls. 6d. ; 25 hhds. Tobacco, at 225. 6d. ; and per
steamer, 50 bales Cotton, 5-16 d. To London, 300 bbls.
Flour, at 2s. 6d. For Bremen, 9,000 bush, rye, at 4id. ;
and per steamer, 50 bales cotton, at sc. A vessel with
2,900 bbls. petroleum, at ss. 6d., if to Marseilles, or Os. 6d.
if to Venice or Trieste. A vessel to a continental port
with petroleum, at ss. 9d. A ship with 2,500 bbls. Petro-
leum, at ss. 3d. if to Hamburg, ss. 9d. if United Kingdom
or Continent, or Cs. 3d. if to Cork direct.

The Tribune says the payment of the Clearing House
certificates will be another step toward a contraction of
the currency and a return to specie. With these out of
the way there aro nothing but the compound notes, which
will be readily met by the current income of the Depart-
ment. The receipts aro so large that after paying the call
loans the balance at the Treasury will accumulate to a
degree which will affect the amount of currency in circu-
lation. The Department is still converting the 7-30's into
5-20's through favoured channels. As it is more to the
interest of the country to have the 7-30's all promptly
turned into long gold stock, than to have commissions paid
to favoured houses, the Secretary should lose no time in
getting authority to offer a sufficient commission to any
one who will surrender the 7-30's for 5-20's. The short
currency debt is now the main obstacle to the resumption
of specie payments, which will be an easy matter as soon
as the short debt is renewed. The excitement in Erie did
not end with the closing of the transfer books, but was
greatly stimulated by a statement in the Times, that "The
Stock register as it closes to-day will afford no conclusive
right to vote at the election, should the Stock itself part
ownership in the mean time, and the now or bona file
owner or his proxy, or attorney, present the certificate to
the Inspectors of Election by way of challenge. The new
owner may not be able to vote, but he can kill the vote or
proxy of the previous owner." This reads so smoothly
that many people bought the stock upon the theory that
it would be valuable to vote upon. This idea will vanish
upon reading the following extract from the "Revised
Statutes," Part 1., Title 4, Chapter X VIII., See 6 :—" And
in all cases where the right of voting upon any share or
shares of the stock of any incorporated company of this
State shall be questioned, it shall be the duty of the in-
spectors of the election to require the transfer books of
said company as evidence of stock held in said company ;
and all such shares as may appear standing thereon in
the name of any person or persons, shall be voted on by
such person or persons, directly by themselves, or by
proxy, subject to the provisions of the act of incorpora-
tion." This section puts at rest the hope of killing
stock by presenting the certificates as indicated by the
Times.

(From L. P. Morton and Co's. Circular.)

Per steamer " City of Boston."Nz—TwheYchitil Sept.feat u ri.
e 5 of
monetary affairs is the continuance of the late prevailing
ease, which has not been disturbed by the usual Fall de-
mand for capital for moving the Western crops. Demand
loans are made chiefly at 4 per cent. ; the requirements for
discounts are quite limited, the rate on_prhne
paper being
5 to 6 per cont.—an indication that the general activity of
trade is not attended with the ordinary amount of credit.
Government Securities have been comparatively weak,
under lower quotations for Five-Twenties at London, and
a downward tendency in the Gold market. Five-Twen-
ties of 1882 ha's%) fluctuated between 1111 and 1101, and
close at 1111. It is understood to .be the purpose of the
Secretary of the Treasury to redeem at an early day the
remaining portion of the Temporary Loan, amounting to
$45,538,000.
Railroad Stocks have been dull. For the time being
the course of speculation has favoured lower prices ; but
the prevailing tone among operators looks to an ultimate
advance movement. Erie has been unusually active, in
consequence of purchases made with a view to controlling
the approaching election of directors. The price has ranged
from 71 to 721, and closes at 721.
State Stocks have been fairly active. Tennessee 6's,
1890, have advanced about 3 per cent., and close at 931 to
95. North Carolina 6's close at 83 to 85 ; Virginia 6's at
691 to 70; and Missouri 6's, at 771 to 78.
Gold exhibits less firmness. The price has ranged at
1471 to 1441, and closes at 145.

Exchange has been firmer, as the result of speculative
purchases from the largo surplus of commercial awl other