The Sun.
London, England, 1868-05-12 00:00:00

the decreptitude of the old country, and the vigour,
youth, and manhood of the new. But if the kin-
ship—so long as the peoples were strange to each
other added to, rather than detracted from the
dislike—as their minds opened and their views
grew broader, it helped to facilitate a change. There
is no doubt that more just notions of the work
allotted to the Anglo-Saxon race are taking hold of
the minds of the English-speaking peoples. Rivalry
and hostility between the race in America and in
Europe is unspeakable folly, and both sections are
beginning to recognize this truth. They see that
everything is to be gained by union —that every-
thing is to be lost by enmity—that they have no
clashing interests whatever, but, on the contrary, that
their interests are identical. In DICKENS'S words

—"lt rests with them jointly to uphold the grea'.
Anglo-Saxon race." It would be vastly more im-
portant if all nations could be joined in the. brother-
hood ; but this cannot be, at least, for centuries.
Failing that, the next best thing is to join i i a
brotherhood the two most powerful nations—the
one with a great history past, the other with a great
history to come. Not only can this be accomplished,
but we maintain that the natural tendency is
towards such a fusion. Material circumstances have

immensely favoured it within the period of Dic ENs's
visits. The telegraph and steam bring the conntri2s
together. Thought is interchanged instantane-
ously, and persons and property travel so rapidly,
that thousands of miles, in effect, dwindle to hun-
dreds. What men have to du is to suppress preju-
dice, and to get the masses to regard that man as an
enemy to society, who endeavours to sow the seeds
of discord. If Irishmen could but be conciliated,
if they would but cease to give expression to
their senseless hate, the barrier would be broken
down, and the most desirable object on earth
achieved, Hitherto we have had numerous leaders
of English thought playing into the bands of the
bitterest enemies of their country, and alienating
that great people who, themselves following suit,
have reacted on the mother country, both giving
way to that aimless dislike, which is but increased
by the brick-heaving process. If there be one trait
more marked than another in the American mind,
it is a generosity which is absolutely noble in its
forgiveness. This is the feeling which seems most
strongly to have affected CHARLES DICKENS, who has
been in truth overpowered by it ; and it receives a
further illustration, in the way Americans are in-
clined to forget England's conduct during the civil
war. What makes it the more difficult to sink that
conduct in oblivion is the impossibility of showing to
the average Englishman what the injury was. if
he really could understand and see it from the
American stand-point, he would lose no time in
making reparation, but in his blindness—he is un-
just. Mr. GREELEY was happy and graceful in his
remarks ; Mr. RAYMOND, impressive in his elo-
quence; Mr. Hunßuirr, genial in his humour ; Mr.
NORTON eloquent and just, in touching on the rela-
tions between England and America; but the speech
of the evening was that of Mr. G. W. CURTIS, who gave
the most forcible expression to the feeling of his class
—that is, of educated Amercans ; and when he sat
down Mr. DICKENS whispered to the person next
him, "he is one of the best, if not the very
best, speaker I ever heard." Unfortunately, there
were many prominent and influential journalists
absent, but this was chiefly due to local differences
and jealousies. Even to the ship the goodwill of
the people followed him. The Russia was crowded
with the most eminent Americans ; Mr. DICKENS'S
state-room was adorned with flowers, ladies carrying
beautiful bouquets met him, and the vessel got under
way amidst the cheers and the kindly farewells of
the most distinguished in the United States. Yet,
a little more than six months ago, a near relation
of Mr. DOLBY expressed his anxiety about the re-
ception DICKENS would meet if he trusted himself
in America, and his pioneer was sent forward to

learn if the numerous invitations he had received
were wishes merely of a section, which might be
overwhelmed by a national sentiment of unforgiven
injury. Even the doubt showed how much he had
to learn, and he frankly confessed how complete in
her generosity and amiability had been COLUM-
BIA'S conquest.

AMERICAN MARKETS.

(F'roin Jfessrs.Belding, Keith, and Co.'s Circular.)

NEW YORK, April 2L
The Financial Chronicle of this date, refers to tho mar-
kets as follows:

THE MONEY MARKET.—T Ito bank statement of last
Saturday was loss favourable than was expected. The
deposits showed an increase of $1,080,613, but this was set
off by an addition of 91,881,000 to the loans and discounts ;
while the legal tenders exhibited a loss of $1,118,000.
These figures, however, rather reflected the course of
affairs at the beginning of the week, when the Treasury was
selling gold to a largo extent, than the position at the
close.

The fact of the Treasury having suspended its sales of
coin for a few days, and its showing more disposition to
buy Seven-Thirties, had a favourable effect upon confi-
dence among the banks, and indeed a freer use of balances.
Moreover, there is a steady flow of remittances froni the
interior, so that the banks are now steadily gaining in
funds. The stringency iu money has now spent its force,
and call borrowers find no difficulty in supplying their
wants at 7 per cent.
Discounts also are easier. Thera is not any large
amount of first class paper on the market, the merchants
being apparently intent upon a short time business ; and
the banks are accommodating their mercantile customers
tune freely, and are also buying a moderato amount of
paper from the dealers. On the street, prime names pass
at 7 to 9 per cent.; second rate names are little waLted,
and can b 3 negotiated only at high rates, for there is not
a healthy confidence in any except the best-known names.
One year ago prime commercial paper was current at
to 7 per cent. ; and call loans ranged at 4 to 6 per cont.
The following are the quotations for loans of various
lasses :

Per cent.
Call loans ... 7 to
Loans on bonds and mortgages to 7
Prime endorsed bills, two months ... 7to
Good endorsed bills, three and four
months ... 7 to 9
Ditto single names ... to 10
Lower grades ... —to

UNITED STATES SECURITIES.—The upward tendency in
Governments noted in our last has been continued this
week, and prices are now about 1 per cent. above our last
quotations. As usual at this season there is a steady in-
vestment demand ; and the payment of the May coupons
amounting to $25,000,000 raises the expectation of a de-
mand for the employment of interest. Moreover, the grow-
ing ease in the money market makes it easier for dealers
to carry a full stock of securities; while the purchases of
Seven-Thirties by the Government diminishes the supply
on the market. The upward tendency in gold has caused
a firmer market for the exportable bonds ; on Wednesday
the price of gold touched 1401, and Sixty-Twos rose to
1121 in sympathy ; but to-day, gold being 11 lower, the
bonds have fallen to 111. It is not generally anticipated
that any important amount of bonds will be sent to
Europe, in return for coupons, the market there being ap-
parently well supplied ; this, however, must very much
depend upon the price of gold.
There has been some talk of a probability that the Se-
cretary of the Treasury will issue the balance of a few
millions of Ten-Forties in exchange for Seven-Thirties;
but, so far as we can learn, there is no official authority
for the proposal. It is supposed, apparently on good
authority, that the Treasury will soon be prepared to offer
a Five-Twenty bond dated July 1, 1868, in exchange for
the outstanding balance of Seven-Thirty notes.
At present Governments range 1 to 4 per cent. above
those of a year ago, when money was easier than now, as
will appear from the following comparison :
April 24, 1868. April 26, 1867.
United States 6's, 1881 113 ... 1091
77 5-20 s, 1862 ... 111,1 ... 110
17 5-20 s, 1864 ... 110 ... 1081
77 5-20 s, 1865 ... 1101 ... 109
77 5-20 s, 1865, new 108* ... 1071
„ 10-40 s 1024 ... 984
17 7-30 s, 2d issuo 107 ... 1054
The following are the closing prices of leading securi-
ties, compared with preceding weeks:—
Apr. 9 Apr. 17 Apr. 24
U. S. 6's, 1881 coupons ll2l 1121 113
U. S. 5-20's, 1862 coupons
U. S. 5-20's, 1861 ~

1
U. S. 5-20's" 1865 ;;
U. S. 5-20's, 1865, N. iss.
U. S. 5-20's, 1867, c.
U. S. 10-40's 17
U. S. 7-30's 25 Series
U. S. 7-30's 3rd Series

RAILROAD AND MISCELLANEOUS STOCKS.—The passage
of the Erie Bill by the L?gislature and its becoming law
by the Governor's signature has been the controlling event
of the week in the stock mark-t. The event appears to
have been construed as favourable to the Vanderbilt
interest, although the act in some particulars appears to
have been directly framed for crippling his schemes. New
York Central has advanced from 112 f, our last quotation,
to 125 yesterday ; Hudson River from 125 to 135, and
Cleveland and Toledo from 1011 to 104. Eris has not ad-
vanced proportionately ; the facts of a difference of policy
among the directors, and of the litigation being continued,
having a tendency to keep the stock unsettled. The price