The Sun.
London, England, 1868-10-10 00:00:00

THE SUN, LONDON, SATURDAY EVENING, OCTOBER, 10, 1868.

71IE RED INDIANS.

(From the Anglo -American Times.)

The news from the Republican River comes in
such disjointed bits that it is difficult for people in
the Eastern States, and still more so in Europe, to
understand the history of these Indian troubles.
There was the great hunting party of the Pawnees,
and other Nebraska tribes trespassing on the pre-
serves of the Sioux, Cheyennes, and Arapahoes,
which aroused the already agitated Red men. Then
came the attack on the Kansas settlements, and the
cruel massacres which set the United States troops
in motion as well as the settlers. A communica-
tion, dated September 16, from the Indian agent
PATRICK, on the Upper Platte River, tells that, in
reply to several messages, the Indians on the Re-
publican River had refused to go to the new
reservation on the Missouri River, near Fort
Randall we presume, though " Spotted Tail" and
" Swift Bear" had left with 180 lodges. General
BRADLEY started on that day with the 27th United
States Infantry to march through the country of
the Republican River to the Union Pacific Rail-
road, Eastern Division. On this followed the news
that a fight was progressing on the Republican
Fork between 700 Indians and a company of
troops under Colonel FORSYTH, who had sent for
reinforcements to Fort Wallace, which he had left
in pursuit of marauding Indians. His company was
not then a detachment from General BRADLEY'S
Regiment, and we fear the message was hopeless
in such a country of grand distances in a state of
nature, without a moving thing except at wide
intervals where the buffalos graze, with here and
there the prairie dog, and the game that finds
a home in these rolling prairies. The colonel
and three officers were killed, and the greater
number of his fifty men are now reported to
have been captured and scalped. A hundred sol-
diers were sent from Fort Wallace to rescue any
survivors, and to supply them with the neces-
saries of which they were bereft. At the same
time a band of Apaches was routed in Texas,
and thirty killed, which shows how wide is the
field of operations, the Republican River, where
Colonel Foßsrm's party was cut to pieces, being
in Nebraska, on the Northern border of Kansas ;
while the Indian Territory, as well as the State of
Kansas, lay between the scene of these combats.
The tribes which have mainly caused the disturb-
ance consist of the Arapahoes, who, though not
numbering 300 warriors, have made themselves
conspicuous in the outrages. The Cheyennes, not-
withstanding their renown, now scarcely exceed
the Arapahoes in strength, but the Sioux are a
very powerful tribe, if all the branches of their
family are calculated. These are the Indians
which occupy the country extending along the
base of the Rocky Mountains from the Platte
to the country south of the Arkansas River. The
total number of Indians, according to the census of
1860, was but 293,400, and while they decreased up
to that period at the rate of 10,000 a year, although
this ratio would not be maintained as the number
less tined, yet they cannot now exceed a quarter of a
million. They are mainly grouped in New Mexico
and in the Indian territory, as there are more than
50,000 in the former and 60,000 iu the latter. An in-
teresting letter lately appeared in the limes, written
by Mr. LATROBE, giving an account of the tribes in-
habiting the Indian territory—the Choctaws, Chick-
ataws, Cherokees, Creeks, and Semiles—the two
former of whom employed him as counsel during
the renewal of their treaties with the Government
at Washington. He was constantly in communi-
cation with their delegates, and was astonished
at their shrewdness, breadth of comprehension, and
gentlemanly bearing. As it was his business to lear❑
everything regarding their location on the reserva-
tion, he had more than ordinary opportunities of
becoming acquainted with these Indians; and he
endeavours in this letter to distinguish the civilized
tribes from the wild nomads of the prairie, who
now wholly differ from them. These came origi-
nally from the east of the Mississippi, having in
the course of time to be removed from their scat-

tered reserves into a territory equalling in extent a
large State, which was guaranteed to their exclu-
sive use by the Government. Then the country-
was beyond what was known as the Western bor-
i der, supposed to be wholly out of the way of white
set tletnent, and therefore safe from the Western march
of civilization. But the Alexican war, the cession and
settlement of California, and the great flow of emi-
gration over the Rocky Mountains have brought
it into the centre of the States. Perhaps the most
central State in the Union is Kansas, and along the
full extent of the southern border of that State
about the parallel of the 37thde,g. lies the Indian ter-
ritory, with Texas to the south and Arkansas to the
east. The appearance of this country having an
area of 71,000 square miles, is that of a vast plain,
inclining towards the Mississippi River, interspersed
with flat hills, with cotton woods, and willow wood-
land bordering the streams the prairie otherwise
being bare of timber. The tribes maintai❑ separate
relations with the United States Government, and
with each is an Indian Agent, a sort of Consul.
They live under laws of their own, all having adopted
a Republican form of Government, generally on
the model of the United States. Mr. LATROBE
says that ALLAN WRIGHT, the principal chief
of the Choctaws, is a Presbyterian clergy-
man, a graduate of a Northern college, and a
person of great intelligence and worth, and yet he
is but a fair specimen of the tan members of the
two delegations with whom he was thrown into
close communication ; while the leaders of the
Creeks and Cherokees were well educated men, one
of whom had been a member of the Confederate
Congress during the war, It was on the close of
that struggle that the treaties guaranteeing the In-
dian territory were called in question, the assertion
being that they had been abrogated by the tribes
becoming involved with the Confederate States.
For some generations the Indians had then been
settled, and their social and industrial progress had
been considerable. Their villages were dotted
over the eastern part of the territory with their
churches and schools, their farms, where cotton and
corn were raised, and their large supply of horses
and cattle, the surplus of these making their trade
with New Orleans. Fearing the result deputations
were sent to Washington, and that they had the
sense to employ skilful counsel in itself shows they
were wide awake to their own interest. The Chick-
ataws and Choctaws concluded their treaty with
the United States in 1866 with its 50 Articles, each
of which was keenly scanned and acutely criticised
by the delegates. Nor need we be surprised when
we read what Mr. LATROBE tells us of his clients :
" The Choctaws and Cherokees have national coun-
cils, so called, respectively organized after the plan
of the Congress of the United States ; a judiciary,
consisting of a supreme and inferior courts of com-
mon law and equity, and criminal jurisdiction ; a
court of probate and register of wills in each of the
counties into which the nations are divided ; and
an executive, called the Principal Chief by the
Choctaws and the Governor by the Chicataws, to
which two nations these remarks more particularly
refer."

But those who judge the nomads now tomahawk-
ing and scalping all the whites within reach, by the
settled tribes, would go far wrong. Mr. BOWLES,
in his account of his late tour with Speaker CoL-.
FAX, writes severely of the manner of dealing with
these Indians, condemning treaties in the strongest
terms, The idea of making contracts with such a
people appears to him worse than a farce, as they
only mislead Congress and the Executive, offering
to those ordered to carry them into effect opportu-
nities for swindling, the evils being that the Indian
does not get what he was guaranteed, while he has
no intention of performing his part of the compact.
Like pie•crust, the so-called treaty is made to be
broken ; but though it may not deceive the princi-
pals, it does the people of the United States. What
Mr. BOWLES advises, and Mr. COLFAX will, we
dare say, endeavour to carry into effect if he suc-
ceeds to the Vice-Presidency, is a plain under-
standing with these tribes which they will fully com-
prehend, involving conditions they know Uncle SAM
means to perform. There should be no treaty,
the Indians being committed to nothing, but the
Republic would grasp them all in its strong hand,
treating them as wards. It would be Uncle SAM'S
business to see that they did not want for clothes
and food, and did not stand in the way of the na-

tional progress. A policy of kindness and liberality
on the one hand, with decision and severity on the
other, is that, these tribes only understand, and the
expense of a generous supply of what to them would
be luxuries could amount to little more than a
tithe of the outlay on and loss by Indian Wars. But
it is easier to propose this than to carry it into effect.
Scattered over llacotah there are nearly 40,000
savages; in Washington Territory 30,000; in Utah
20,000 ; in Minnesota 17,000 ; in California 13,000 ;
in Kansas 8,000 ; in Michigan 7,000, and the same
number in Nevada and Oregon. Many of these
differ widely ; some, like the Utes, being child-
ren of the mist, inhabiting the dark moun-
tain passes of Colorado, while others, like the
Sioux, are mounted warriors of the plain ; men
who live on horseback, and all whose habits and ac-
complishments differ from those of the mountaineers.
Again there are the woodsmen of Michigan and
Minnesota more like the Indian described by
COOPER, and all, are spread over a continent. To
gather these savages into a " happy family" and set
them down by a purling brook to grind corn, may
furnish the imagination with a pretty picture, from
which the dreamer, if he lived out West, might be
rudely awakened by having his " hair raised"—a
term which means something to the Kansas settler
or the men of Denver. The treaty-making farce
has, however, exploded as far as the nomads are
concerned, after the precious samples we have just
had of the result. The very men who had been en-
gaged in this bloody work were lately making
solemn promises of eternal friendship to the Indian
Commissioners with whom they were smoking pipes
of peace—promises they readily enough gave in ex-
change for knives to cut the throats of the settlers.

MISCELLANEOUS NEIVS.

(From the Anglo-American Times.)

Messrs. Caleb Cushing and Brothers, of New-
huryport, have brought an action into the United
States District Court in Admiralty for the southern
district of New York, for the recovery of the dam-
age sustained through the loss of the ship Sonora,
burned in the Straits of Malacca by the Alabama,
Dec. 26, 1863, ship value being $85,500, and char-
ter party value, &c., $33,244, which, with other
small sums, make up the loss to the libellants at
$119,044. They allege the Alabama to have been
built by Mr. John Laird, jun., of Birkenhead,
England, and they seek to recover, not for viola-
tion of the neutrality laws, but for what is legally
and technically known as a spoliation. On the
libel being filed, all the effects of Mr. Laird found
within the district were attached by Marshal Mur-

ray, with those in the hands of Messrs. Foster and
Thompson ,of Ne wYork,and with the Assistant Trea-
surer of the United States, as well as the proceed of
the steamship IVren. The..deCigon of, this suit will
have an important bearing on maritime interests,
and it is to be hoped that it will not be interrupted
by the settlement of the Alabaml claim 3 with the
British Government.

' The Postmaster-General of the United States has
ordered that from the first day of January next
the registration fee on all letters registered and
addressed to any part of the United States shall
be fifteen instead of twenty cents, the same to be
in all cases fully prepaid in postage stamps, affixed
to the letter and cancelled. The present rate will
continue until New Year's-day.
The President has been consulting with Secretary
Shcofield regarding the requirements of the committee
of the Alabama Legislature who arrived in Wash-
ington, Sept. 25, to ask for troops, but the Presi-
dent is reluctant to comply with such demands,
even in cases such as that of Camilla. Among the
subjects discussed by the Cabinet Ministers was the
trial of Jefferson Davis, which Attorney-General
Evarts is said to be actively forwarding, so as t o be
ready for the next term of the United States Court
in Richmond. Another question which actually dis-
cussed on the 25th September was whether a com-
missioner should be appointed to Spain to recognise
the provisional Government, therefore no one need
doubt the truth of the telegram which announces
that Government's recognition by the United States.
It is alleged that Solicitor Binckley is supported
by the President in his charges against Commissioner
Rollins and others, for it appeared on evidence
taken by the sub-committee on retrenchment, who
on the 231 September inquired into Binckley's
recent operations, that he hail no authority from
the Attorney-General's office for the investigation
he instituted in New York, to which city the Com-
mittee adjourned to meet there on the Ist October.
Both Setretary M'Culloch and Mr. Rollins were
also examined, when it appeared that the former
acted on the advice of the President in refusing
to confirm the appointments made by the latter.
The President hoped to compel Mr. Rollins to allow
half the supervisors to be Democrats, which he re-
fused to do, acting on the suggestion of Congress-
men.

Solicitor Binckley, whom the telegram called
Rinckley, has returned to New York,sanguine of ex-
posing one of the most gigantic frauds of the 19th
century, and of the overthrow and punishment of
the whisky ring. Mr. Binckley seems to have for-
given his assailant, Courtney, which at least shows
that his disposition is not bad. He returned from
Washington with larger powers than before, and
full of confidence in his ultimate triumph. He de-
scribes himself as the victim of the ring he has had
the hardihood to attack, but notwithstanding their
ridicule and abuse he intends honestly to do his
duty, and eventually to astonish the country with
his revelations, showing how the revenue laws are
evaded, the malefactors screened, and who the
prominent officials are that are identified with the
ring. If he could only do a tithe of what he pur-
poses he would at least have our hearty support.
Congress met Sept. 21, beginning and ending the
session on that Monday, merely passing the resolu-
tion to extend the recess to the 16th October,
when, unless otherwise directed, the two presiding
officers are to order another adjournment to Nov.
10, when, if the session is not necessary, it will be
further adjourned to the first Monday of December,
the time fixed by law. The Democrats abstained
from entering the House in the hope that there
would not be a quorum, and action could not there-
fore be taken. But it was necessary that one at
least should attend to object, which, being ne-
glected, the House instantly, after prayers, passed
the resolution, when five or six Conservative mem-
bers entered and objected that there was no quorum,
which stopped further business, and the House ad-
journed. In the Senate, including Buckalew, the
Democratic Senator of Pennsylvania, there was
just a quorum, so, if he went out, there would be
no one to object. The only attempt to transact
business came from General Butler, who filed a
petition, under the rules, that the Committee on
the Judiciary be instructed to inquire into a breach
of privilege of the House in the service of processes
on a member in his transit to and from Washing-
ton, referring of course to the Kimberley case soon
to come up at Baltimore ; and the offering of a reso-
lution by Mr. Schenck of Ohio, directing the Com-
mittee on Public Expenditures to look into the dis-
pute between Secretary M'Culloch and Commis.
sioner Rollins in regard to the appointment of
supervisors under the new internal revenue law,
which has not passed, as the sub-committee on re-
trenchment had the necessary power.
The steamer Dumbarton cleared from New York
with a cargo of arms and munitions of war. She is a
swift iron Clyde-built blockade runner, and was
supposed to be making for the West Coast of Africa
to run a cargo of slaves. It has, however, now
transpired that she was fitted out under orders
from Prim to carry material in aid of the revolu-
tionists in Spain. It is proper for the General to
take every preoaution, but, as events have shown,
he might have saved himself the trouble and ex-
pense as well as the injury to his now established
Government in having violated the neutrality of
the United States. The Government of Madrid
cannot know how soon this precedent may be
quoted against it. The careful provision proves
how well-matured and deep laid was the plot.
From Philadelphia the Times learns that the Go-
vernment of the United States has recognized the
Spanish Junta as a Government de facto, and it is
added that the annexation of Cuba is agitated
in the States. So completely has attention centred
on Spain that Cuba's action has been overlooked,
but we will soon learn what course under the pecu-
liar circumstances that colony will pursue. There

is a rumour in Paris to which the I; igaro gives ad-
ditional currency, that a rising has taken place at
Havannah, and Cuba bad declared its independence.
From the answer of the Governor-General to the
telegram from Madrid, it appears certain that Spain
will have trouble in that quarter.
People are getting horrified at the cant and folly
which mark the proceedings in connection with John
Allen, known as the wickedest man in New York.
The publisher of the monthly in which the article
attracting attention towards him first appeared
confesses that he purchased and used it simply as an
advertisement for his paper. Allen, it is said, then
set himself to make capital out of the publicity
given him, shut up his den, and made it the nucleus
for a so-called reformatory movement. In this he
was aided by well-meaning clergymen and laymen,
who put him forward to preach both in New York
and in the country districts. At Stamford he at-
tracted a small audience, to whom he lectured while
in a stupid st .t 3 of intoxication. The New York
correspondent of the Advance has written a strong
protest on these performances, and many other
papers pronounce them an outrage on morality and
religion. The scenes now enacted in Water-street
may be profitable for the penny-a-liner if for no
one else. Allen wanders disconsolately about nearly
always muddled. When drunk he abuses the whole
thing, and deplores the destruction of his business ;
when sober, he speaks of it with some respect. He
was once a preacher of religion, but took a header

off the platform of morality, and, like a true
Yankee, he managed to hit off the deepest hole of
iniquity when he determined to make the descent.
We presume New York must have an excitement,
and John Allen for the time has served the purpose.
It appears that Colonel Forsyth's party of fifty
soldiers were drawn into an ambuscade in their
pursuit of the Indians,'who, on the 17th September,
stole some cattle at Dry Fork, on the Republican
River. Forsyth had followed the Indians some 90
miles, when, finding himself entrapped, he en-
trenched his party as well as possible on such short
notice, and successfully sustained the charge of the
700 savages. After losing two men killed, twenty
wounded, himself hit in two places, one bullet hav-
ing broken his leg, and Lieutmant Beecher mor-
tally injured, he despatched two scouts to Fort Wal-
lace for assistance, who had to crawl through the
Indians for two miles on their bellies in the dead of
night, at which time only they could travel, the
country being overrun, and thus four days were
lost in reaching the fort. Other scouts rapidly
followed, first with the news that the men were
living on horseflesh, next that Forsyth was dying,
Beecher was dead, and Dr. Monroe, the only surgeon
with the party, had been mortally wounded, while the
survivors re►nairied hemmed, in, and might at any
Moment be overwhelmed and massacred. Detach-
ments had. been sent to rescue them, and the result
was awaited with intense interest. Capt. Graham,
with 50 men of the 10th Coloured Cavalry, was at-
tacked by a hundred Indians while away from Fort
Wallace, but he did not suffer any loss. A party of
Government surveyors, south of Fort Kearney, had,
however, to "make tracks" without their instru-
ments or supplies, Edward Malone, the flagman,
being killed. The Apaches defeated in Texas con-
sisted of two hundred warriors,
,and it was the 9th
Cavalry which gave them thisi:satisfactOry lesson,
. killing 30, wounding as Many, and capturing 200
head of cattle. Colonel Forsyth was well known
as Inspectoi-General and Chief of Sheridan's Staff
throughout the War. His name is not only fami-
liar to the Army, but also throughout the States.
Our readers will recollect that but a short time ago
we reported the marriage of this esteemed and gal-
lant officer. The intelligence of his death will
strike a cord in Sheridan's heart, who loved him as
a friend, and respected him highly as a soldier. His
chief but the other day made a long journey to be
present at his marriage. He was a West-Pointer,
and besides his rank in the regular service, attained
in the volunteers to the grade of Brigadier-General. '1
Dr. Monroe was formerly assistant-surgeon to the
15th Massachusetts Regiment, and was attached to
the Staff of the 2d Army Corps, but after the 15th
were mustered out the doctor joined the regular
army, and has since been on duty on the plains.
The New York Sun, which is rapidly becoming
the most remarkable paper in the Union, says of
George Peabody that he knew how to make, but
did not know how to give away his money. "He
collected together a great many famous men at the
Fifth Avenue Hotel, and some one of them made a
very long prayer ; then they all ate a very long din-
ner ; then they resolved that George Peabody was
good, and so was the bill of fare ; then they sepa-
rated, none of them knowing what to do with any
more of George Peabody's money than it took
to pay the hotel bill ; but they tied up a pile of it
with red tape, and sent Dr. Barnas Sears with it
down South, to be applied to by everybody, to re-
fuse almost everybody, and to worry his soul con-
stantly whether to say yes or no to the innumerable
beggars. We believe Mr. Peabody once suggested,
when in this country, that he would do nothing for
New York, as he did not wish to interfere with Mr.
Astor and Mr. Stewart. But we can assure him
that Mr. Astor and Mr. Stewart are liberal-minded
men, and have no disposition to monopolize any-
thing of that kind, and would feel no jealousy of
him. Ile need not fear on that account."

Ihe New York Labour Congress on Thursday,
Sept. 24, elected the following officers :—President, W. H.
Sylvis ; vice-presidents, C. 11. Lucker, N. P. Davis ; secre-
tary, John Vincent; treasurer, A. W. Phelps. The fe-
male members voted as well as the males. A now
constitution was discussed without definite action. A
resolution was passed to appoint an executive com-
mittee of one from each Congressional district to form a
working men's party, with a view of securing the election
of men favourable to the eight-hour movement. The
woman suffrage question was discussed, and ended in the
adoption of this resolution by a nearly unanimous vote :
Resolved, that by the admission of Mrs. Elizabeth
Cady Stanton as a delegate of this body, the Na-
tional Labour Congress does not regard itself as endors-
ing her peculiar ideas, or committing itself to her

position on female suffrage, but simply regards her as a re-

presentative from an organization having for its object the
"amelioration of the condition of those wbo labour for a
living." In reply to a request for information as to the
earnings of sewing women in New York, it was stated that
cloak women realize $2 a day ; machine operators $6 a
week ; shirt makers from $7 to $8 a week ; dressmakers,
$8 a week for ten hours' labour each day ; workers on
hoop skirts, $7 to $8 a week, working eleven hours each
day ; vest hands, $5 a week, by working over-
hours. A woman stated that sho had been paid by
the proprietors of a large carpet store in the
Bowery $2.18 for three days' work at carpet sewing,
which was very severe and exhausting labour. Sales-

women in stores, working from eight o'clock iu the morn-
ing until nine o'clock at night, receive $7 per week. Book-
folders average from $5 to $B, according to ability. In the

majority of instances to make the amount statod women.
are compelled to work at night, and have no time to de-
vote to recreation or mental culture.
There is a report in New York that Mr. Cunard
will soon replace his steamers on the Boston and Liver-
pool route.

A canal boat propelled by steam bas just been
put into service on the Edo Canal. It has a carrying
capacity of 7,500 bushels, and is intended to mako an
average speed of two and a half or three miles an hour on
the canal, and six miles on the river.

The Danish Diet was opened by the King in per-
son last Monday. In his spaoch his Majesty announced the
betrothal of the Crown Prince with the Princess of Sweden;
gave a guarded statement of the reasons why no practical
result had followed the confidential negotiations with
Prussia relative to the free vote in North Schleswig pro-
vided for by the treaty of Prague—Denmark being anxious
not only to satisfy the wants of the people of Schleswig,
but also to avoid everything that might lead to
further complications with Prussia; stated that the term
of the treaty for the cession of the Danish West India
Islands to the United States had been extended for another
year ; and gave an encouraging sketch of the domestic
prospects of the country.

The following telegram, dated Philadelphia,
Oct. 7, 11 a.m. states that the steamer Perseverance was
burnt on Tuesday on the Lakes. Fourteen persons lost
their lives by this catastrophe.
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a complete cure.

MONEY AND BUSINESS.

(From the Springfield Republican, Sept. 2G.)

The ease of the Money Market has been remarkably
sustained during the week. There ought to be no one
now who entertains the idea, so prevalent two months
ago, that a squeeze was inevitable. Money may fairly be
said to be as easy to-day as at any time since midsummer,
notwithstanding the drain of currency westward, and the
fact that the cotton crop has been hurried forward far mere
rapidly than usual, in order to realize early prices. Even
the approach of quarterly statement (Oct. 6)—that bugbear
of the banks—has not perceptibly affected the market ; and
loans are still made at the figures of July and August. The
fact is, those who, following the so-much-quoted parallel
of the New York Commercial A'lvertiser, between the
money market this year and that of last year, antici-
pated stringency even amounting to panic, left out of
view the very important consideration that our present
indebtedness to Europe is mainly in a bonded form ; that
the balance of trade (exports of specie included) is actu-
ally in our favour; while the immense transactions in

Government securities on Europoan account —which do

not appear on the books of the Custom-house—have loft a
greater amount, probably, of foreign balances with us than
was ever known before, prior to the shipment of the cot-
ton crop for the year. To this the plethora of money in
all the European cities has largely contributed. The Ger-
man manufacturers especially have instructed their con-
signees to purchase the later Five-Twenties with the pro-
ceeds of their sales, and hold them on account in prefer-
ence to remitting. All attempts to make an estimate of
the amount of money thus put at our service would be
futile ; but it is enough of itself to make all the difference
which we see to exist between the course of the money
market this year and last.
At Boston the weekly bank returns show a reduction of
about ono million in individual deposits, out of tho usual
deference to quarter day. Call loans may still be had on
Governments at 5 per cent., and from that up to 6 per cent.
on other securities. On notes from two to four months 7
per cent, is an average quotation. Ai New York the
market is abundantly supplied at extremely low rates.
Government dealers have large amounts pressed on them

at 3 per cent., while the stockbrokers are supplied on good
collateral at 4 per cont. More business is reported in
discounts. There is a moderate amount of dry goods
paper offering, and the best, with four months to run,
passes at 6/ to 7 per cont. The banks report very little
currency being sent westward, and rernittancss of mo-

dorato annunts aro bring received from western cities,
so that the outward flow is nearly counterbalanced
by the receipts. Those who have been predicting
a stringency are now driven to the story that this

return of currency is artificial, or is a part of the plot ou
the part of the cliques to run the western stocks up above
100. Their faith and zeal are only equalled by that of the

New York World in figuring up Democratic victories in
Vermont and Blaine. We recommend to them the philo-

sophy of Mr. Pomeroy's Democrat. Tloy had bettor own
up. At Chicago money is abundant enough to meet the

requirements of legitimate business. A few banks repor

difficulty in supplying the demands of heavy dealers who
aro trying to "carry" their grain and escape the inevit-
able fall. It is only a pity that money is not a little
scarcer on their account. Rates of interest are strong at 10
por cent. A few banks are ordering currency from New
York. At San Francisco, currency bills on Atlantic States
aro at 41 to 42 per cent. premium on gold, Sterling Ex-
change 484 to 49, Commercial Exchange 49.1 to 49}1.
There is a great scarcity of Mexican dollars, owing to re-
cent shipments to China, an 1 they are quoted at 8 to 9 por
cont. per annum. At New Orleans the money market is
easier, with the general improvement of trade.
Gold shows a very different front from what it did at
the close of last week. Then, although it had gone be-
low 145, it stuck short of 144, and seemed to be at bot-
tom. On Monday of this week, however, it showed weak-

ness, and declined to 1434. On Tu3sday it broke still
further, and closed at 1424. Since then it has fluctuated,
rising above 143, but generally keeping below, manifesting
very --little strength. It is a fact against wlicla it is
useless to oppose theories. The fall in geld has, of ceurL-,e,
been attributed to the action of Government in throwing
its accumulations tip )a the market; but this was merely
the cheapest and easiest explanatien to give. The

report had no foundation in fact. The peaceful aspect
of Europe aul tho better prospects at home have
undoubtedly had influence to re lace the premium.
The export of gold has fallen off to nearly a minimum,
and exchange is weak. Many look to sue a return flew of
gold during the next three months, in consequence of in-
creased exports of produce. One very important and sig-
nificant fact has boon developed by the late experience in
gold, namely, that gold has become so far demoralised that
its fluctuations do not affect the general market. Prices
neither want up (as a body) when gold rose, nor have they
manifested any sensitiveness on its decline. Of course all
imported goods have to bo excepted, inasmuch as they pay
the premium directly. No fact could be more important,
and it shows the folly of wishing to make gold lower. It
is already lower than anything else, and our domestic
products are at a disadvantage in consequence.
Governments have improved during the week, and the
upward tendency seems strong and assured. The volume
of business is much greater, an I the constant demand is
steadily carrying the bends out of the street. The un-

favourable feeling caused by the outcry for redemption has
ceased to influence the public mind. It is soon that the
greenback theory has actually hurt the Democracy, while
the manly and honourable declaration of the Chicago
platform is a source of positive strength to the party. The
arrant knavery of repudiation has not been mere clearly
exposed by discussion, than has its transcendent folly. It
is not the first time that roguery has outwitted itself cal
honesty has proved to be good policy. Five-twenties are
becoming scarce on the street, especially as, at present
rates for money, the banks have no inducement to sell.
The registered bends still continue to improve, relatively
to the Coupon Bonds. The New York World announces
the departure fur Europe of two eminent bankers, " hold-

ing intimate relations with Government financial officers,"
and surmises that it is connected with the inauguration of
a financial policy which shall carry into practical opera-
tion the gold coin sinking-fund section of the Act of Feb-
ruary, 1862.
In the share market the changes have been generally in

the line of the throe or four weeks past. No new stocks
have come into prominence, and the movement of the
week has been in the main a continuance of that noticed

in our last report. New York Central was run up for a
day to 132, under the periodical falsehood of a surplus to
be divided ; but closed for the week at 127 g. Hudson
River, under the same impulse, touched 112, but fell back
to 1401, Rock Island at the :close sold down to 1022., Fort
Wayne went forward from 1071 to 110 k, but fell back to
1091-, Milwaukee and St. Paul continued its progress, and
reached 98 on the common and 96 on the preferred, but
closed at 91 to 94k. Reading has thrown off the influence
of the rumours in regard to its traffic (which was never so
great as now), and closed strong at 934, nearly its best.
Erie has fluctuated, but closes at 49 on the common. Pa-
cific Mail sold up as high as 114, and as many as 25,000
shares are said to have been disposed of during the advance,
but the stock closes as low as 1104. Of this stock the New
York Sun remarks : " The reports of the earnings of the
China branch of the company, with the loss on the busi-
ness from this port, will make a sorry statement to the
stockholders at the election, if indeed an official report is
vouchsafed. It is estimated that the losses have been equal
to $200,000 monthly." Mariposa has continued to im-
proved, and closed strong at 11/ for the preferred. Mining
stocks at Boston and New York are in better demand, and
higher. In Border State Bonds we have to note the ad-
vance of North Carolinas to 751. Missouri are where they
are; Tennessees and Virginias off a fraction. The Central
Pacific 6 per Cont. Gold Interest Bonds are selling briskly at
105 and interest, and the Union Pacific Sixes at 103 and
interest. The earnings of the latter road for 1868 (year
ending June 30) were $1,264,041; expenses, $2,684,757;
net $1,561,281. Hartford and Erie has declined a fraction.
Express shares are all better in a marked
.degree, while
Wells-Fargo has ono up above 31.

The reports from the hop crop are not encouraging,
though many of them aro undoubtedly manufactured to
keep up prices. In some quarters only a half crop is re-
ported. The advices from Wisconsin are least flattering,
nearly all, except those picked early, proving to be de-
stroyed by lice or injured by honey dew. The New York
crop is bettor, and will yield moro than the average.
There is no reason to anticipate any considerable changes
in prices. The foreign market is firm. The Into cotton
at the South has been helped by the weather, and will do
rather better than expected. Cotton improved during tho
week, but closed a shade lower and less firm at 251 cents
for middling uplands. The export demand is very
slight. The export of hay has fallen off to nothing
under the prohibition of the English ports. The ship-
ping demand for grain is much improved, and would bo
greater but for a sharp advance in freights. Oats, rye, and
barley are higher—barley being especially active. Wheat
and corn are lower. The better brands of flour are
steady ; but there has been a gradual softening in the
prices of medium and lower grades. There is no specu-
lative feeling in breadstuffs, and the movement from the
West is becoming tardier. Chicago reports a considerable
falling off in receipts and shipments. The suspension of
navigation on the Champlain Canal, on account of a leak
in the locks, is into rfering seriously with the delivery at
Albany. Tho receipts at the lake ports have all, this
season, been constantly approximating to those of 1866,
the model year. Wool is firm, an d prices are hardening
for low and medium grades; others aro steady. Lumber
has a slight downward tendency, but without much
change in price. In provisions there is a decline, moss
pork Win g of 50 cents a bbl. ; beef hams and cut meats
being much depressed. Prices in all classes generally
favour buyers, and there is a strong disposition to realize.
In dry goods there is a fair amount of business doing,
and by comparison the market may bo called active,
though trade is not yet in a satisfactory state, and prices
have not found their level. There is no disposition to
speculate in cotton goods, and only a desire to get rid of
stock, without too much sacrifice. Concessions have been
made during the week, but without eliciting any response.
It is very likely that prices will have to break. In prints,
brown shootings, and b!eached sheeting and shirtings,
there ha been small sales at lower prices. In domestic