The Sun.
London, England, 1861-04-05 00:00:00

to the people at an election to be held on the first
Monday in August next, when the ballots are to
decide " For Co-operation," or " For Secession." In
the Missouri State Convention, on the 22d, Mr.
Henderson, chairman of the committee to which
was referred the communication of the commissioner
from Georgia, presented a long report declaring
against Secession, and exhorting Georgia and other
seceding States to desist from the revolutionary
measures commenced by them, and unite their
voice with theirs in restoring peace and fraternal
relations between all the States. It was expected
that the Virginia Convention would recommence a
conference of the Border Slave States, to be held at
Frankfort or some other point towards the last of
May. The Secession feeling was on the increase in
North Carolina.

COMMERCIAL INTELLIGENCE.
Money was in more active demand at New York,
especially on the part of the jobbers • still the
supply continued largely in excess of the demand.
The competition for paper had been gradually re-
ducing the rates, and the applications for discounts
becoming lighter every day this reduction was still
going on. The rate for money on call may be
quoted at 5 to- 6 per cent., while many of the old-
established houses borrowed all they wanted at 4.
First-class bills had become exceedingly scarce,
and the alteration of the classification had become
a necessity.
Loans on call, State stock securities, 5 to 51;
ditto, other good securities, 6 to 61 ; prime en-
dorsed bills, 60 to 90 days, 51 to 6 ; ditto, four to
six months, 6 to 61; first-class single signatures,
four to six months, 61 to 7.
Foreign exchange firm. On London, 60 days'
bankers' bills, 107 to 1071; ditto, commercial bills,
1061 to 107.

(From a Correspondent of the Times.)
NEW YORK, MARCH 19.
The President yesterday sent in his foreign ap-
pointments to the Senate for confirmation. Mr.
Charles Francis Adams, the nominee for London, is
a representative of one of the few historic families
of the United States, His grandfather, by his influ-
ence, secured the appointment of Washington as
Commander-in-Chief, by his eloquence procured the
adoption of the Declaration nf Independence, was a
leading member:of the Congress, Minister succes-
sively to Holland and England, and closed his poli-
tical career as second President of the United States.
His father rose successively from the post of Secre-
tary of Legation at St. Petersburg to that of
President ; and then, returning to the House of
Representatives as a member for Massachusetts,
commenced and led the contest that has terminated
in the election of Mr. Lincoln, and died upon the
floor of the House. The new Minister was the can-
didate of the Free Soil party for the Vice-Presidency
in 1848, and a member of the late House of Repre-
sentatives, where he distinguished himself by the
moderation of his views and his desire to adopt a
policy that should preserve the allegiance of the
Border States. Mr. Dayton, the new Minister to
France, has long been in public life. He repre-
sented the state of New Jersey successively in the
House and in the Senate, and was the candidate of
the Republican party for the Vice-Presidency in
1856. Since that time he has been in retirement,
owing to a continued democratic majority in his
own State. Mr. Marsh, who goes to the new
kingdom of Italy, was for some years a member of
the House of Representatives, and afterwards Mi-
nister at Constantinople during the Presidency of
General Taylor and Mr. Fillmore. Mr. Webb, the
editor of the New York Courier and Inquirer, was
formerly Minister at Vienna. Mr. Thayer, the new
Consul General at Alexandria, is one of the staf of
the New York Evening Post. Journalism thus
secures two of the foreign appointments.
While the Government at Washington is attend-
ing to the offices, that at Montgomery is secur-
ing itself in its seat by legislation that is in many
respects wise and sagacious. Indeed, it must be
confessed even by their worst opponents that they
have exhibited very great sagacity in many of their
movements since the great one. Their permanent
constitution has reached. In its form and general
arrangement it follows the Constitution of the
United States, but it differs from that instrument in
several particulars. The President is to be elected
by the same machinery as the President of the
United States, and is to serve for six years instead
of four, not being eligible for re-election. The two
Houses of Congress are to be organised as in the
United States. The New York _Herald of this
morning sums up the main points of difference thus :
1. That African slavery in the Territories shall
be recognised and protected by Congress and the
Territorial Legislatures.
2. That the right to slareholdors of transit and
sojourn in any state of the Confederacy, with their
slaves and other property, shall be recognised and
respected.
3. That the provision in regard to fugitive slaves
shall extend to any slave lawfully carried from ono
State into another, and there escaping or taken
away from his master.
4. That no Bill or ex post facto law (by Congress
or any State), and no law impairing or denying the
right of property in negro slaves, shall be passed.
5. That the African slave trade sh be prohi-
bited by such laws of Congress as shall effectually
prevent the same.
6. The absolute prohibition of all bounties from
the Federal treasury, and all duties or taxes on
imported goods intended to promote or foster any
branch of home industry.
7. A positive prohibition of Federal appropria-
tions for internal improvements, and the substitution
of local tonnage duties for such improvements.
8. The restriction of Congress by a majority vote
to such appropriations as may be recommended by
the President or some executive department, all
other appropriations requiring a two-thirds vote,
9. 'The holding of contractors to the strict letter
of their contracts.
10. That the Post-office department shall pay its
own expenses.
The ultra men of South Carolina reject this con-
stitution, but the better opinion seems to be that it
will be ratified by all the States, through their
several conventions, no appeal to the popular vote
being necessary. It is one feature in this revolution
that no appeal has been made, except indirectly, to
the people of the seceding States to ratify the acts
of their leaders.

Their legislation is also important. The State of
Louisiana has transferred to them about 500,000
dols., which was in the hands of the officers of the
United States at the time of the separation, which
they have accepted. They have also passed a Tariff
Act, in which the highest rate of duty is 25 per cent.
ad valorem, and in which in its simplicity contrasts
strongly with the elaborate piece of stultification
lately enacted at Washington. They have organised
an army of some 10,000 or 12,000 men ; they have a
proposition before them imnosing an ad valorem
duty upon negro slaves imported from the slave-
holding States of the United States, the discussion
upon which was cut short by the decision of the
President that it was a subject for a secret Session.
They are establishing Admiralty Courts, creating
judges, commissioning officers, and have afloat a
navy of one vessel, which they have gallantly called
after the wife of their President, Lady Davis. They
have commissioned representatives to proceed to
Europe and secure their recognition there, and, so
far as relates to the organisation of Government,
the enactment of laws, and the creation of civil in-
stitutions, they have, by skilfully using the mate-
rials at hand and adapting them to their necessities,
in the short space of three months surrounded
themselves with all the ordinary insignia of Go-
vernment and marks of nationality. So much for
the vigour of the new Government. Per contra, as
merchants say, we have the facts that a large num-
ber of people of some of the States do not willingly
submit to the new order of things, that the leaders
have not allowed the people to pass an opinion
upon their acts, and that there is an evident doubt
as to the result should a submission be made to
the popular vote. In the State of Texas, indeed,
the unionists and disunionists appear to be
on the brink of a collision, and it is not
impossible that the struggle may begin among the
Southern people themselves.

While these active measures have been taken at
Montgomery, the Administration at Washington
has been occupied with the distribution of offices,
for which the pressure continues as great as ever,
and with the discussion of its policy as to the re-
tention of the forts. Sumter and Pickens are still
in its occupation. Mr. Douglas has been skirmish..
Ing with the Republican members of the Senate
illa `fain attempt to ascertain the President's policy