The Sun.
London, England, 1857-12-24 00:00:00

AMERICA.

RESUMPTION OF SPECIE PAYMENTS.
SOUTHAMPTON, WEDNESDAY NIGHT.
The steam-ship Fulton has just arrived here with
the American mails, and advices from New York to
the 12th inst.
Amongst her cargo is, specie to the value of
427,000 dots. for England, and 124,000 dole. for
France.
Amongst the passengers is Lola Montes, c n her
way to Paris.
The news from Mexico state that the position of
the government had improved. The reactionary
force had been defeated by the government troops.
Comonfort and the Supreme Court were formally
installed. The port of Navidad had been declared
open to commerce.
The tendency of prices in the New York stock
market was downward.
A number of bank officers at New York had met,
and resolved to resume specie payments in full on
all their liabilities. This resolution was prompted
by the announcement that the Bank of Arne, ica,
the Bank of Commerce, the Manhattan and Na-
tional Banks had resolved to resume payment on
the 13th instant.
The total specie reserve amounts to 26,000 dole.
The deposits have not increased much during the
last two or three week. The suspension of specie
payments is now rather nominal than actual.
"The banks pay specie over their own counter for
bills and small cheques, and the community gets
along very well with that. When business revives
it will be, a more difficult matter to carry on the
op.erations of trade without a general resumption.
The Secretary for the Treisury has proposed to
supply an issue of treasury notes not to exceed
20,000,000 dollars. Ho also proposes the passage
of a compulsory Bankrupt Act, by which insolvent
banks and railway companies may be wound up,
whether they like it or not.
There has been a skirmish between Colonel
Alexander's force and the Mormons. A large force
is sent against the latter, and a protracted war is
considered inevitable.
The amount in the Treasury is 6,000,000 dollars.
The receipts for the weak ending the 7th inst. were
about half a million of dollars.
Fitzpatrick had been elected President of the
Senate. All the democratic candates for officers of
the house were elected with great unanimity. Jas.
L. Orr, of South Carolina, was elected speaker.
The. Presidedt has dismissed St 4nton from the
secretaryship of Kansas, for calling together a spe-
cial session of the Leconapton Legislation. General
Dander has been appointed in the room of Stanton.
The Senate has confirmed the appointment. The
debate was looked upon as a trial of the strength
of parties with reference to the Kansas-Leconapton
constitution, and the position of the President
thereupon.
Walker, it is fully expected, will be dismissed.
Owing to the mild weather the canals were not
to be closed before the 15th inst.
The amount and value of American produce re-
tained in the interior at the close of this year will
be the largest ever known in the history of the
country.
In the New York markets, cotton sales were
limited ; the dealers were waiting the arrival of
foreign news.
In Nights, rates were firmer for grain to Liver-
pool.
In the New Orleans cotton market the sales were
3,000 bales at slightly lower prices.
Sugar was firm and corn active.
Freights were drooping. Exchange on London,
103 to 105.

THE CAPE.

SOUTHAMPTON, WEDNESDAY EVENING.

The Dane, the first steamer despatched from
England under the new contract, arrived at the
Cape of Good Hope and landed her mails at noon
on the 29th of October, having been 43 days 22
horns on the voyage out from Southampton. The
last eight days she had to contend with a south-east
gale.
The Dane would leave on her return with the
homeward mails on the Ist of December, and is due
in England on the 12th of January.
The steamer Queeu of the South arrived at the
Npe of Good Hope, from Portsmouth, on the 21st
of October, with 760 troops, and left eight days
afterwards for India ; also, the steamer Scotia, on
the 26th of October, from Portsmouth for Bombay,
with 326 troops ; the steamer Iwperatriz arrived
at Hong Kong on the let Nov., with 539 troops.

THE OTTOMAN BANK.