The Sun.
London, England, 1861-12-09 00:00:00

SPAIN.

The Madrid journals of the 3d contain long reports
of the debate in the Senate on the preceding day,
on the Address in reply to the Speech from the
Throne. The policy of the Government towards
Italy, the Loja affair, and the state of the finances
were the topics principally dwelt on. The Clamor
Publico says that the Marquis de Corvera has been
nominated Governor to the Prince of the Asturias.
Some sensation had beon occasioned by a Council of
Ministers having been held at an unusually late hour
on the Ist, but the Correspondancia says that the
Council only deliberated on the postal treaty with
France which is about to be carried into effect, and
that the reason why it met later than ordinary was
that the Ministers might not neglect the business
of their departments, and be able to attend the
Senate.

Is IF POSSIBLE THAT WAR WITS
ENGLAND IS A FOREGONE CONCLUSION?

(From the Money Market _Review.)
We find, in a recent number of the United States
Economist, the annexed letter from Quartermaster
General Meigs to a Boston merchant. It is worthy
of attention from the evidence it affords of the
vehemence with which the American commercial
community assert their claim to have the whole
of the huge Government disbursements made at
home, and of the jealousy with which they regard
the despatch to England of even the small
orders apologetically admitted by the Government
officer to have been sent out. The humble
tone in which the official letter is couched
is characteristic of the consciousness of
weakness felt by the Government. Their
policy is always subject to be moulded by pressure
from without. Its malleability suggests at the pre-
sent crisis many grave reflections. Now that the
prominent question of the day has become tint of
" Peace or war with England," according to the
choice that may be made by the Americans, will the
stronger pressure be put upon the Government by
the lower orders, unreflecting, pugnacious, and
with little to lose, or by the upper classes, including
the merchants and bankers, the former of whom, as
we see, can speak loudly enough in a matter of
Government blanket contracts, whilst the latter
have strong inducements to deprecate a quarrel
with England, if only on account of the vast
mass of Government securities held by them ?
Upon the answer which events shall give to this
question, very much may depend. Meanwhile,
we beg the particular attention of our readers
to the strange and ominous words which occur in
the last paragraph of the official letter. What is
meant by the remark—" I believe that a year hence
you and all others will be satisfied that, if the de-
partment has committed a fault, it is in not sending
out (to England) earlier ?" Is this to be regarded
as another indication that war with England is a
foregone conclusion in the mind of the American
Cabinet ?

i 4 Quartermaster General's Office, Washington City,
October 29, 1861.
cg I have another letter from you in reference to the prices
and contracts and supply of army cloths. The matters to
which you refer have been subject of anxious thought
here, and are not new to us.- The orders for abroad have
been greatly exaggerated. Should the factories in this
country supply us, we will buy, and put the foreign
goods aside for a rainy day. I have a demand at this mo-
ment for the instant issue of at least bO,OOO suits of clothes,
which I cannot supply, and by the time these are sup-
plied, other 50,000 will be needed; and yet we take all the
cloth, and even all the clothes, offered, except some of those
at extravagant prices from the West. The sum sent abroad
is not 60,000,000 dole., as published in Boston, or 25,000,000
dols., as in Philadelphia, but 800,000 dols., for purchase to
supply immediate necessity. If our factories supply us as
you think, and I hope they will, no more orders will go
abroad. I shall be able, by an order sent in August to
England, to supply 200,000 men with blankets, at 2 dols.
each, 40 cents per lb., and save the United States, on late
prices for the same goods, near 400,000 dole., and still the
blanket mills will probably find profitable employment. I
have not time farther to discuss this question, however;
but I believe that a year hence you and all others will be
satisfied that, if the department has committed a fault it is
in not sending out earlier.--Respectfully yours,
(Signed) M. C. MEIGS, Q.M.G.U.S.A.

THE Loss OF THE NORTH BRITON STEAMSHIP.
The uncompleted inquiry into the loss of the screw
steamer North Briton was resumed on Friday at Liverpool
before Mr. T. S. Raffles, stipendiary magistrate, and Cap
Min. Harris, R.N. One or two additional witnesses were
examined, and at the conclusion of the evidence Mr. Raffles
expressed the opinion of the Court. It was to the effect
that they considered Captain Grange was zuilty of tho
omission in not taking soundings at 1 a.m. on the sth of
November as he intended to do. The Court, therefore,
deemed it their duty to forward his certificate to the Board
of Trade. In all other respects, however, they should report
in such terms of Captain Grange's conduct that they trusted
their Lordships would take the most favourable view of the

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13 THIRD EDITIO N. SHARE MARK ET—(THIS .D4l').
-•
10 ORDINARY SHARES AND STOCKS.
SUN- OFFICE, Seven o'clock.
TaTT.ERSALLS'—(THIS EVEN IN G). Share Railways. I Paid. Closing
Price) Businessdone.
i '
TWO THOUSAND GUINEAS. 50 ;Belfast and Nor. Conn. all=
9to 2 agst Old Calabar (offered) 13.14 Bin, Wol., and Str. Val all 74 8
25 Blyth and Tyne
7to 1 agst The Marquis (taken and offered) 10 Bost., Sleaf ~and lli d.eo all 6 64
_
10 to 1 agst Alvediston (take 12 to 1) st 'Bristol and Exeter
ie st Caledonian lOO 101 1011 2.011 /a 4
THE DERBY. 10 ,Carmarthen & Card'-,an all
a. Bto 1 agst Buckstone (offered) 50 ,C,,rk and Bandon all
ail
;n 11 to 1 agst Old Calabar (taken) 20 ICork, Illrock, & Passage all
20 Cornwall a 5 6
of 100 to 8 agst Marquis (taken) 1 A gets no div
10 Do. A titl6pc.pan.lias all
id 20 to 1 agst Caterer (offered) 10 ' Do. B all • •
20 to 1 agst Ensign (offered) been paid to B.
/n 50 Dublin & Belfast June. all 41 43
25 to 1 agst Wingrave (taken) 25 Dun.,Perth,&Ab. June all 11 114
la st East Anglian lOO 18 19 181 4
33 to 1 agst Gernse (taken) st ltsstern Counties
he 33 to 1 agst Typee colt (taken) st Eastern Union, A stock 100 47 50
rs, 40 to 1 agst Malek (taken) st LDio Bdo do 100 32 34 33 21
25 DoNw A, late E U 3ds 13i
40 to 1 agst Hubert (taken) st East Suffolk
ri- 2000 to 35 Vanguard (taken) st inburgh & Glasgow loo 88 00
st SEdin., Perth. & Dundee 100 29 30
1000 to 15 agst Hopbine colt (taken) 10 s Forth & Clyde Junction all
1000 to 10 Berkeley (taken) st Furness
e• st Gies.-
and S. Western lOO 102 104 -*
10 GreatNrthn of Scotland all
Ve st Great Northern..
.NAVAL INTELLIGENCE.
he st Do A stock
+ st Do Bdo
ed st Gt. S. an W. of Ireland 100 103 105
The following appointments were made this evening at st Great Western ......
be the Admiralty : st Do Str Val gua. stock 100 55 58
us Commanders—John Dobree M'Crea to the Devastalion, Ist2 ILrainshcaSsohriirt,h Eastern
.t Yorkshire 100 1041 1051 1061 11 1 1
15 Lord Elphinston to the Stromboli.
st London and Blackwall 100 54 56
10 Lieutenants—G. C. Musters to the Stromboli, B. Shat- st Lon., Bright ,& S. Coast 100 114 116 115 4
st Lon., Cuat., and Dover 100 45 46 45
ye . Lock to the Devastation. st Lon. & North Western 100 91 011 92 4 4
Sub. Lieutenant H. R. Kelly to the Stromboli. st Lon. & South Western 100 92/ 934 934 4
n- 25 L'derry & Coleraine
Midshipmen—Day H. Bosanquet to the Revenge, Wil- 25 L'derry & Enniskillen all 911
Liam Collins to the Defence; Thomas V. Williams, F. J. st man., Shef., & Lincoln lOO 431 444 444 4 i
er T. Elliot, and Henry Rose to ditto. 50 3laryport and Carlisle. all
124 Do 4 shares all
re- , Masters—Ramsey Cooke to the Stromboli, Francis 0. 10 Metropolitan 74 51 6k
in Simpson to the Devastation, Samuel W. Browne to the 40 mi4O7Clv
2.14. 11 14p P
Chanticleer. st Do Birming. & Derby 100 96 08
Master's Assistant W.S. N. Gow to the Geyser. 50 Mid Gt. W. of Ireland all
ae 23 Do. 1 shares
Paymasters—James H. Jackson to the Chanticleer, Ed- 25 Mid Kent
1g . Ward W. Gordon (additional) to the Fisgard, Herbert H. 10 Do Cray Line
100 Newcastle and Carlisle' all
e- Gam to the Stromboli, H. J. W. English to the Devas- 10 Newry & Armagh, def. 9
,r 0 tation. 20 Newry, Warnpt, & Ros. all
Assistant Paymasters—Edward W. Whyte to the Strom- st Norfolk lOO 61 63
st North British
at boli, William Carter to the Devastation st Nor.Dev.Rail&Dk.stock 100 el 34
he Surgeons—M. D. S. Ward to the Chanticleer, George F. st Do A stk ; A recs no d
till 6 pc. has beenpdß 100
Banks to the Stromboli, Charles Sprone to the Devastation.
st Do B stock lOO
he—
Assistant-Surgeons—R. W. Bridgestocko to the Chanti- st Nth. Eastern—Berwick 100 904 994 991 4
by deer, Albert A. Mullin to the Stromboli, Cunningham 2s SDo 56
purchase 1.01(33.4 hcil art d
t ill Atcheson to the Devastation. st Do York
Engineers—Thomas H. Punshon to the Chanticleer. st North London
10 Do new 5
ed Assistant-Engineers—Wm. Blainey (first-day), to the 19.16.4 North Staffordshire
Chanticleer ; Wm. Shaw (second-class), to ditto ; Stephen 10 N. and S. W. Junction all 10 101
In st Not. Gran. In. & Canal 100 89 91
V. Bull (acting second-cross), to ditto. 10 Peebles all —--
le- Clerk—Richard Drury to the Chanticleer. 20 Portsmouth
ire 10 Rhymney
st -lcottish Central
at Sco:s. N. E. Aber. stock 100 118 40
BO , -RONEY MARKET AND CITY NEWS. st Do Sc 4. Mid. stock lOO 97 99
....—.............—_ 10 Shrews. and Welchpool all
ed st Shropshire Union
he CITY, Two O'CLOCK. 10 Sittinghourne & Sheer all
st South Devon lOO 36 33
or . The accounts from the manufacturing districts 25 s. Durham & Lane. Un all
during the week report little or no improvement in st
'south t -.7saaslteesr n
100 100
f 5/
67 66 754 754 4
Tit the' el state of trade, owing to the unfavourable st IS. York. and River Dun 1,0 95 97
20 Staines,Wok.,andWok. all 51 8
of Prospects of American affairs. At Manchester, 25 Stockton & Darlington all 37 39
I however, there was rather more demand for cloths 25 Do l3 71 8 p
25 Do New, 1860 5 41 1 p
for the India markets, but yarns were neglected. st Taff Vale.
ed st Do Pref. No. 1
The woollen trade at Leeds has continued dull, the
es- 25 ThamcsilavenDk&Rail 22
few dealings entered into having been for home 50 UMer
he 25 Do 2O 24 31
requirements. At Bradford, Huddersfield, and 12.10 Do
id. st Vale of Neath
Halifax, however, a more cheerful tone has pre-
et. 10 Victoria sta. and Pim all 121 13
vailed, the inquiries for spring goods having been st Waterford & Kilkenny 100
50 Waterford & Limerick. all
numerous. The hosiery trade at Leicester continued 20 West Cornwall all 5 6
1g rather active, and the operatives are generally well wlssot
11... It) ne 41.1a0
sns
a
90 employed. In the various hardware districts, viz., 20 Do 2d class all
75 st W. Hartlepool Har.&R lOO
at Birmingham, Sheffield, and Wolverhampton, no st West Midland Oxford 100 46 48
material alteration can be reorted. st
st Do Newport 100 43 46
p Do Hereford; 100 89 ot
The general discount market continues in a very
LINES LEASED AT FIXED RENTALS.
quiescent state, with a tendency, however, towards
increased ease and abundance, owing to the dim;-
Railways. Paid. Leasing Closing Business
niched employment provided for money in the de- Co. s Price. Done.
velopment of trade, which, from causes too well
Bedford and Bletchley all Ln.&N.W
known to require enumeration, is still conducted Birkenhead lOO D•t.&G.W s 4 86
Buckinghamshire lOO Do.
on an unusually limited scale. The banks and Chester & Holyhead.. 100 Do 53 54
private firms are unable to turn all their Do. 51per cent 100 Do.
Do. 5 , 100 Do.
resources to profitable account in their or- Clydesdale Junction 100 Caledon. 101 103
' din ary course of business, and there is con- vetinecsolnr,None;pyract..
11:1)
Gr.North.ll 133 1364
sequently an active competition for the bills now E.Union,HarrichShs all E,Counts. 4 44
Do. Woodbridge.. 100
brought into circulation. Thus it is that the Gls.Barr.&Neils.Drc.t: 100 Caledon : : : :
Do. new
s„,. . • •
mercantile
Mile public can procure accommodation on
in- Gloster & Dean Forest all Gt. ' West. .. ..
Do
to easier terms in the open market than at the Bank Hull and t.elby .
halves 1
all Do
N. Mid 110 112
'k.
be of England, the current terms in private channels Do. quarters s all Do.
• Lancaster & Carlisle 100 Ln.&N.W 197 202
rid ranging as low as 21 per cent., while 3 per cent. is Loudon & Greenwich, 100 S. Eastern 61 63
;he the minimum still enforced at the national establish- Do. Preference S 100 ,Do.
Lon.,Tilb.& Southend; 100 s Peto &Co B5 87
merit. Lowestoft gua. 4 p c.. 100 'Norfolk
About £52,000 in gold was taken into the Bank Do 6 per cent , 100 ;Do.
3I •.•
nc.,Bxtn.,,t Matlock' all ,LNW& M 31 31
of England on Saturday. Mid. Bradford Prefer-,
rts 1 The steamer which left to day with the Bra- Nee,nvee stock
s,
markt, BuryLx } 100 Midland 94 96
5. 5.6. E Counts. par 4 p
tyy, Clan mail took out £22,500 in specie. Ngua. 5 per cent...
orthn.&Eastn. sp. c. all Do.
,he The traffic receipts of the Paris and Orleans Rail- Do. 6 per cent..... all Do .
Do. Fixed sp. c.... all Do.
.da 'Nay for the week ending the 25th ult. amounted N. Eirstn—Hartlepool Iro N. E. Ber .. ..
.les to £51,311, being a decrease of £824 compared with North Western all Midland 154 161
L Vir
Preston and Wyre. 1 all &&N
Lik. ] 43 45
;or last year. Do. 4 shares A. all Do. ••••.. _ ..
en Rather more activity was exhibited in the Liver- Roystn.Hitch.& Shep. 100 Gr. North. 133 136
Shrewsby & Hereford 103 T Brassey ii 7 122
Is. Pool Cotton Market on Saturday, and prices weie Do. Do.
of tolerably firm. The sales were about 10,000 bales. South Staffordshire
Wilts and Somerset lOO Gt. West. 92 94
,rir °wine to the alteration in the tone adopted by a Wimbledn & Croydon all L.&Brgtn 81 94

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