The Sun.
London, England, 1868-08-29 00:00:00

LAW AND POLICE.

ACTION AGAINST THE LONDON AND NORTH-WESTERN
RAILWAY COMPANY. —At the Liverpool Assizes Mr
Guiders, a haberdasher at Birkenhead, brought an action
!or injuries sustained on the London and North-Western
Railway. The plaintiff was travelling on the defendants'
hie on the 2nd of September, and when near Crewe a
;ollision took place. He sustained ase vere blow on the back
thehead at the time, and when brought home and visited
ay his doctor the same evening he was found vomiting and
with every symptom of a severe shock to the nervous system
ind concussion of the brain. This was succeeded by
route inflammation of the brain, according to the
,vidence of several medical men who were called on his
aehalf, the results to be feared from which were chronic
lisease and softening, and he remained very ill for a con
liderable time, but in December gradually improved, and
it the end of that month was well enough to be moved tc
New Brighton, where he remained till March. According
:o the statement of the accounts rendered on the part of
;he plaintiff, the loss incurred in his business since the
tccident had been nearly £l,OOO, and after this evidence
m his behalf an agreement was come to to give him x
verdict for £2,500, to cover everything.
THE CONVICTION OF AN INNOCENT MAN.—At the Mid.
Ilesex Sessions, Frederick Winder, a butcher, was indicted
'or stealing thirty-nine sheep, the property of Henry Cook.
This case was most unusual, from the fact that two con-
rids and accomplices of the prisoner were evidence
tgainst him ; and it was further remarkable as connected
with a lad named Bell, who was wrongfully convicted at
;hese sessions on the 28th of March last, and sentenced to
lye years' penal servitude, the jury in that case disbeliev-
.ng Bell's witnesses to an alibi. The offence alleged
tgainst Bell was that he stole twelve sheep ; but it was
?roved during this trial that the real offenders were two
nen new undergoing penal servitude, and that Bell had
nothing whatever to do with it. Winder was sentenced to
!ourteen years' penal servitude.

The post of Deputy Master and Controller of the
Royal Mint has become vacant by the death of Mr. W. H.
Barton, a son of the late Sir John Barton, treasurer to her
late Majesty Queen Adelaide. The appointment is in the
gift of the Lords of the Treasury.

From a return issued yesterday by an order of
the House of Commons of March 26, we find that the de-
falcations of collectors, receivers, or other officers of Inland
Revenue, appointed during the last twenty years, amount
to upwards of £41,200. The most part of this amount has
been recovered by realization of the defaulters' effects and
payments by sureties. Proceedings are pending for the re-
covery of a few hundreds, and a loss of about £7,000 alto-
gether is shown.

A committee, consisting of the Earl of ilarrowby,
Sir Joseph Napier, Bart., Major-Gen. Sir W. Dill, the Bishop
of Meath, the Deans of Canterbury, Chester, and Cork (with
the Bishop of Gibraltar as president), has been formed
for the purpose of establishing an Italian Church Refor-
mation Fund. The object is to be the assistance of those
Italians who have evinced a tendency towards reforming
their own Church after the example of the Church of Eng-
land.

In the year 1865, for which the returns have re-
cently been issued, there were 133 snicides in Scotland
one in every 23,579 of the estimated population.
Fifty-eight cf these deaths wero by hanging, 40 by
cut-throat, 17 by poison, 12 by drowning, two by
gunshot, two by precipitation from a height, two in ways
not stated. The number of suicides in England in the same
year was 1492, or one in every 15,080 of the estimated
population; so that to two suicides in Scotland here were
three in England in a like number of population.

According to notice served on Messrs. Lewis ana
Lewis by Mr W. R. Roberts, the solicitor for Mde. Rachel,
two persons, named Davis and Slack, were to appear at tho
Judges' Chambers yesterday, to justify in £5OO each for her ap-
pearance at the next sessions of the Central Criminal Court.
The hour appointed was twelve o'clock, and by one no ap-
pearance was made, and it was then ascertained that notico
of withdrawal bad been served. It was said the bail was to
be put in at Guildhall Police court, but there also the appli-
cation had been withdrawn by notice. Madame Rachel
still remains in Newgate.
LORD AMBERLEY ON OVER POPULATION. —A
correspondent informs us that Lord Amberley denies the
accuracy of our report of the proceedings of the Dialecti-
cal Society, published in our impression of July 22, at
the same time calling upon us to verify our report. To
this request we are happy to comply, as the gentleman
who represented us at the meeting, upon reference to his
notes, informs us that the report is strictly correct. The
wording may be somewhat different, but the meaning con-
veyed by the several speakers was unquestionably that
recorded in our columns.—Medical Press and Circular.

THE CONDEMNED CONVICT MACKAY.—The con-
demned convict Mackay, for the Norton Folg,ate murder,
has signed a petition to her Majesty for the exercise of the
Royal clemency, and Mr. George Lewis, who defended the
prisoner, has forwarded it to the limic Secretary. Mr.
Justice Lush tried the prisoner, who was strongly recom-
mended to mercy by the jury, and he will no doubt be
consulted by the Home Office. It i 3 not true, as stated,
that the Home Secretary had already intimated that it
was a case in which the law must take its course. The
execution is appointed for the Bth of September.

DAMPER.—Two or three clays since a party of
Secularists went from Nottingham to Mansfield to support
a lecturer on Secularism. He took up a position in the
market place. Soon after he had commenced his address,
one of the fire-engines was brought into the market place,
and those in charge of it stationed themselves on the oppo.
site side of the Monument, in the rear of the speaker, and
commenced playing upon him, his friends, and the
audience. The people rushed at the engine, and cut the
pipe in several places. The lecture came suddenly to as
end, and weat excitement and noise_ continued for uric
than an hour afterwards,

THE SUN, LONDON, SATURDAY EVE.NING, AUGUST 29, 1868.

MISCELLANEOUS NEWS.

(F,-om the Anglo-American Times.)

The news by the Royal mail steamship Russia,

which arrived at Queenstown at 3 a.m. yesterday,
is to August 19. It is clear that great anxiety is
felt for the peace of the South, where large and
enthusiastic meetings have taken place, both of Re-
publicans and Democrats. Several of the Go-
vernors have applied to the Secretary of War for
arms for the militia, which he ha 3 refused to furnish
until Congress shall have legislated more definitely

on the subject. The Governors, it is said, are pre-
paring an appeal to Congress. Mass meetings,
with reference to the Presidental election, have
been held throughout the country, and at Atlanta,
in Georgia, a great Republican demonstration took
place, while many negroes attended those of the
Democrats in North and South Carolina.
The Russia brings further intelligence from
Hayti, which had appeared in the New York
papers. Salnave had imprisoned the Prussian con-
sul, and also threatened the life of the British con-
sul, whereupon her Majesty's ship Favourite made
preparations to bombard Port au Prince. Tele-
grams from Jamaica (via Havana) state :—The
authorities of Jamaica propose to obtain a loan
from Great Britain for the completion of the works
now in progress. News from Port au Prince of
the 10th inst. indicate that the revolution is likely
to succeed. Salnave was preparing for flight. His
family had been captured by the Cacos rebels.
The feeling in Nova Saotia against Confederation
appears to be growing stronger, and other resolu-
tions, besides one moved by the Attorney-General
protesting against it, have been passed by the House
of Assembly. The Ministerial mission is regarded
as a failure, and the party has returned to Quebec.
Repeal meetings have been held, the one at Wey-
mouth being largely attended, and some of the
speakers hinting at annexation to the United States
were received with loud applause. The Royal
assent to the Extradition Treaty between the Do-
minion and the United States has been published,

and the Canadian Parliament prorogued until Sep-

tember 19. The New York World calls Sir John
A. Macdonald the Disraeli of America, and pre-
dicted a greater success than he met for his
mission to Halifax. The Toronto Leader threa-
tens Nova Scotia, telling the people there is
a point beyond which they will not be per-
mitted to go. By the Russia we learn that the

Canadian authorities hold the volunteer corps ready
for an emergency, an assembly of Fenians being
spoken of at Ardensbury, and that the Government
continues to take precautionary measures through-
out the country. _ . .

A great mass meeting was held in the Cooper
Institute, New York, on Wednesday evening, the
12th inst., by the working men of that city and
Brooklyn, to forward the Eight-hour movement.
They resolved to support the bricklayers on strike,
and maintained the justice of their claims to ten
hours' pay for eight hours' work. The contest so
far has been narrowed to the bricklayers against
their employers, and it is watched with interest as
involving a result affecting all the trades. The
employers declare their power to win, and the
workmen are equally confident, :and well backed
by their fellow labourers. The chalkers of Boston
also continue on strike. The car-drivers have
" asked for more," and as they only receive for
twelve hours half the wages claimed by the brick-
layers for eight their demand is not unreasonable.
The Government men have been glad to get back
with the loss of 20 per cent. on their previous wages
and the gain in time of two hours, so that the Congres-
sional legislation has done them more harm than good.
Mr. Johnson received the delegation of the Inter-
national Tailors' Union Convention, and drew a
touching picture of his recollection of the times
passed in his tailor's shop. Considering that A DA3I
was a tailor, he thought no man could be disgraced
by being one ; he was proud of his trade, and ad-
vised the creation of an aristocracy of labour. The
associated workmen of New York sent Mr. Osborne
Ward to France to report on the condition of the
labouring classes there, and the action of the co-
operative system. Some time since he arrived in
Paris, and he will proceed to Germany, Switzerland,
and Italy to complete his investigations.
II The Louisiana Legislature has passed a bill to
establish a State lottery, as the only means of fur-
nishing the Treasury with funds. It has also passed
the Militia Bill, giving the Governor discretionary
power to accept, arm, and commission officers of
the volunteer militia, whose organization meets his
approval ; also to call out and disperse the militia
at his pleasure. The Senate has adopted the
minority report of the committee on elections, con-
firming the rights of the three sitting Demo-
cratic members from New Orleans. In the
North Carolina Legislature the State Police Bill
has been defeated, but a bill organizing a spe-
cial vo:unteer force will probably be adopted in
its place, and the Legislature will at once adjourn.
In spite of all remonstrances the Tennessee Legis-
lature is likely to pass the bill calling out the,
militia, and giving Governor Brownlow absolute
power to arm and equip as many regiments as he
chooses, and they will probably be made -up mostly
of negroes. There have been alarming stories afloat
recently about a plot to burn Nashville and other
Tennessee towns; but, reduced to their lowest terms,
it appears that the plot really existed only in the
brain of a half crazy negro named John Caspar.
The South Carolina House of Representatives pro-
poses by enactment to do away with any distinc-
tions on account of colour in hotels or public con-
veyances, but they will find it easier to pass laws
than to change customs and prejudices. The South
Carolina Treasury is empty, which can scarcely be
regarded as news worthy of Reuter's notice, as no-
body expected it to be full.
A few weeks ago we noticed the departure from
Liverpool of the ship Emerald Isle with 871 Mor-
mon passengers for Utah via New York. This
makes 3,000 persons who have arrived in that city
for the Mormon settlement during the year. The
majority of the Emerald Isle passengers were Danes
and Welch, 37 of whom died of typhus fever on
the passage. The sickly passengers were put in
quarantine on arrival at New York; where we are
sorry to notice some cases of cholera have occurred.
The premisesof thegreat publishing house of Apple-
ton and Company, in New York, were burnt on the
14th inst., the loss being estimated at $200,000.
The conflagration in the Canadian forests con-
tinues, though not raging so fiercely. Townships
and lumbering establishments have been destroyed;
among them St. Aymar, where 11 houses were con-
sumed with the Northern Railway buildings. The
province of Quebec has been devastated by similar
forest fires. At Hunter's Point, Long Island, a
factory with its superintendent, Mr. Johnson, was
burnt; and the Humboldt Tannery, Camdon, New
York, has been also consumed.
Attorney-General Evarts being consulted by the
President regarding Mr. Rollins's resignation has
decided that it cannot be acted on till his successor
is confirmed, the office only then being vacant ; but
Mr. Rollins will doubtless take an early opportu-
nity of getting rid of a post which, under the cir-
cumstances, he has no desire to hold. The President,
it is said,
withwill twsuoppoorrtmtohree Seymour-Blair
Cabinet
; butticket,
together
Chief Justice Chase will go for Grant and Colfax.
In a recent charge to a grand jury at Parkerburg,
West Virginia, Mr. Chase took occasion to call the
attention of the jurors to secure the faithful execu-
tion of the revenue laws, without which the national
honour was endangered, and the burden of taxa-
tion shifted entirely to the shoulders of the honest.
The national debt was the price of the national
existence, binding irrevocably the good faith of the
people. Its inviolable obligation had been recog-
nized by the adoption of the Fourteenth Amend-
ment to the Constitution. " The debt contracted
must be paid, and paid in perfect goal faith." It
was to be regretted that the currency of the coun-
try consisted wholly, or almost wholly, of paper.

At the last General Convention of the American
Episcopal Church a committee was appointed to
collect information on the Church Reformation
movement in Italy, and to report to the next Con-
vention. On the committee were the bishops of
Maryland, Pennsylvania, and Ohio, with several
leading clergymen and laymen. The Rev. Chancy
Langdon was appointed secretary, and sent to Italy
to collect information, accompanied by Mr. Goodrich.

A pamphlet has ju3t been published by Georg
llerbert, Dublin, giving the result of their
investigations, which are in the highest degree
encouraging to the prosecution of Church Reforma-
tion in Italy, as it has its strongest supporters in
the Romish priesthood, and only requires the move-
ment to become national for these divines openly to
declare their sentiments. The case of Cardinal
d'Andrea sufficiently shows that not even the highest
rank is a safeguard to the Pontiff. As the move-
ment is of deep interest, as the characteristic of
the men engaged appears to be sound common sense,
their statements being wholly free from cant, and
expressed in plain, simple language, we will
read up these letters, with a view to condense
the matter for the benefit of our readers.
The object is furthered by a committee established
in London, consisting of the Earl of llarrowby, Sir
Joseph Napier; Bart., Major-General Sir W. llill,
the Bishop of Meath, the Deans of Canterbury,
Chester, and Cork (with the Bishop of Gibraltar as
president).

for the Governorship, and the other in the canvass
for Congress.

In Columbia, South Carolina, the Democratic
Electoral Convention assembled, represented by the
ablest public men of the party. It was re-
markable for a resolution and a statement by
Wade Hampton, who said, " While entering a pro-
test against R tdical Reconstruction Acts, we
rely confidentially on the constitutional agency
and peaceful measures alone to bring us the
relief sought and the reforms needed." Alluding to
a recent reported utterance of his, repro luced in
the Northern papers, in reference to the Confede-
rate flag, he said :—" This statement is in every
way false. On the contrary, when I spoke of the
flag of the Confederacy, I remarked that it now
was furled for ever, to be buried in the grave of the
lost cause." The women of his State (South Caro-
lina) had presented his family with a flag, which
was in the hands of his son when he fell, and it was
to it he alluded. Talking of Wade Hampton, Gen.
Preston, of Kentucky, denies that he or any South-
erner placed the words " unconstitutional," " revolu-
tionary," and " void" in the Democratic platform,
as it was done by a Free-soil Northerner. One of
the Columbia Democratic clubs passed a resolution
to patronize no Radical and to employ no freedmen
who could not show that they were members of a
Democratic association ; and Wade Hampton, ac-
cording to some accounts, has endorsed this.

Massachusetts has been endeavouring to extract
the political sentiments of two celebrated ex-Ministers
of the United States. The Quincy-Grant Club
plumply asked Charles Francis Adams to address
them on the subject, but they got very little in
response, for our late Minister tells them in diplo-
matic phraseology that he is still devoted to the
self-evident truth in the great Declaration of 1776,
and he holds in his attachment to the same prin-
ciples he held before he left the United States.
Having represented the whole people, he could not
condescend all at once to identify himself with a
section, and he had private affairs to attend to
which had suffered from neglect. Mr. Motley was
the other, many leading citizens being desirous
publicly to recognize his eminent services abroad, but
this invitation Mr. Motley courteously declined. lie
considers the seven years he had been absent the
most eventful in the annals of the race ; he speaks
in very warm terms of the courteous, kindly, and
sincere marks of friendliness he had met in his
official capacity from Austria, and he hopes for
that ancient empire a bright future, not withstanding
the clouds which hang over the present. The
historian, alluding to the civil war, said—" De-
mocracy has been upon its trial, and irrevocably
has the American people vindicated the right and
the capacity of the people to govern itself. Self-
government might have perished from the earth
had the great Republic fallen in its struggle with
oligarchy, had our faith in the Democratic prin-
ciple faltered during the awful conflict to which we
were doomed by the inexorable logic of history."

A telegram from Berlin last Wednesday was to
the following effect :—" The representative of the
North German Confederation at Washington has
been instructed to open negotiations with the
United States Government with the view of har-
monising the regulations concerning emigrants by
means of international legislation. A favourable
result is expected."

MONEY AND BUSINESS.

(From the Springfield Republican, Aug. 15.)

Money continues easy without any indicatious as yet of
that fall demand which the advocates of " an elastic cur-
rency" prate about so much, and so foolishly. A more
complete misapprehension, not merely of the principles of
business, but of the meaning of words, than is involved iu
that phrase, it is not possible to conceive—yet we hear it
every day on the street, and read it every day in news-
papers that ought to know bett3r. What is elasticity?
There are two elements, but the one which those sage
financiers intend by that term, is the power or capacity to
" give" under pressure. In the name of common sense
doesn't our currency " give" enough now ? That is
precisely what the present condition of the market means.
Money is easy—loose—now, because there is no strain or
pressure. Two months from now it will become tight—
tense —because there is an increased demand for it. Busi-
ness "takes up" just as much of it as it wants, and when
it wants it. Just now it does not require the whole of the
extravagant supply furnished by the Government legal
tenders and by the national Bank notes ; and accordingly
it rejects the surplus, which lies idle in bank or coffer,
and is for use at very low rates. earning October busi-
ness will have taken up the whole of the issue, there will
be no excess, and interest will rule high. What greater
adaptability to the wants of trade can be asked than this?
Yet the Trilmne, and many other journals clamour that
our banking system should be modified to give more elas-
ticity to the currency. They would have the banks
authorized to issue a certain number of millions more
of currency between September and January than between
May and September, so as to meet the wants of the fall
trade and the crops. But is not that just what the banks
under the present system do ? No man whose opinion on
finance is worth a whit more than George Francis Train's
will say that we have not currency enough—with our
twelve hundred and fifty millions of circulation and de-
posits. Elasticity with these gentlemen simply means ex-
pansion. But elasticity, in its proper sense, implies the
power both to expand and contract as the occasion re-
quires, and that is just what our currency does, what any
currency, when let alone, will do. Elasticity is a property
of bodies in thems'elves. -It is not elasticity when the
alternate changes are produced by manipulation. All
money, good or bad alike, value or credit, is elastic neces-
sarily. Commerce takes up just what it wants of it, and
lots the rest alone. As a consequence, when it wants a
little there is an excess and low rates of interest. When
it wants much, there is no excess, and interest rules
high.

The situation in Louisiana has been the cause of
much comment and controversy throughout the
country. Governor Warmouth, in his application
to the President officially asserted that 150 per-
sons had been murdered within six weeks. Mr.
Jewel, in the State Senate on the 7th inst., asked
for a committee of three to wait on the Governor
and ascertain the time and place of these 150 mur-
ders, and to this the New Orleans Republican re-
plied with the list of the people killed as alleged.
The World says the agents of the freedmen's bureau
of Louisiana contradict the Governor's statements.
The former journal states that the Radical societies
in the city include 10,000 trained soldiers, of whom
3,000 could be assemblel in Dryades-street ready
for service within half an hour. The Democrats say
that Governor Warrnouth has mapped out the city and
the State into military districts, and deposited 5,500
stand of arms in the Republican headquarters, near
the Capitol. He has appointed a military staff, and
taken precautions such as indicate preparations
either to use or to repel force. The Governor's ac-
count says that there is no protection in the courts,
that men are shot on the highways and in their
homes, while the offenders go at large unmolested.
Prominent Union men in the parish of Cad lo are
beset, and their lives only preserved by a guard in
their houses of armed volunteers. In the parish
of St. Landry many persons had been murdered ;
the Judge of the Twentieth Judicial District refuses
to go to the parish of Franklin unless under the
protection of a force ; and the Sheriff of that parish,
though a Democrat, unable to make arrests, has
resigned office. The Governor announces the
existence of a secret organization with military
branches in the city, who openly drill in the streets
at night or in public halls. They propose to keep
dowel coloured men, they threaten the Legislature,
and they design to assassinate the Lieut.-Governor
and the Speaker of the House of Representatives,
and he concludes by stating that a sanguinary
revolution is meditated. Such documents are re-
ceived with caution at a time of political excitement,
whe❑ people have little scruple in drawing largely
on their imagination in aid of their party. But the
President has directed General Grant, through
Secretary Schofield, to send to the commanders in
the South a circular of instructions to act only in
reply to such applications, when it is evident the
State Governments are powerless to repress insur-
rection, and this is accompanied with a copy of the
laws bearing on the subject of military interference
in the affairs of the States.

Our twelve hundred millions, with interest ruling at no
more than 3 to 3 per cent., are now performing the work of
only eight or ten hundred millions. Much of it is not be-
ing employed at all. What of it is employed is not doing
by any means all it could. When the fall comes, and
cotton and corn make their demands, the twelve hundred
millions will be worked "on full thus." There's elasticity
for you—that is cAupleto adaptation to the wants of coin-
in!rce. What difference does it make—except that the
latter is clumsy and ineffectual—whether trade be left to
accomplish this through its own agencies of discount, de-
posit, and exchange, and with its own wonderful and per-
fect, because natural, powers of selection—or human law
bo called in to adjust the volume of the currency to the
season and the condition of the market, and to provide
that in October there shall be so much money afloat, and
in August so much less ? Trade no more needs an act of
Congress to prescribe the amount of money it shall have at
any given time than I need a commissioner to squeeze the air
out of my lungs and then blow them up again, twenty
times a minute. I am perfectly competent to do that for
myself, and Ido it without thinking of it. So trade is per-
fectly competent to use currency, or let it alone, according
to its wants at the time; and it does so instinctively and
always aright. The only possible way in which any signi-
ficance whatever could be given to the expression "an
elastic currency" (all currency being intrinsically and
necessarily elastic), would be by issuing india-rubber
money.

Mr. Jefferson Davis met with a civil reception
on landing at Liverpool, a town on the whole of
Southern proclivities, which is natural, consider-
ing that its great trade was with the South. To
read some Republican papers it might be supposed
that the ex-President of the ex-Confederacy had
passed under triumphal arches, with salutes thunder-
ing, bonfires blazing, and fireworks fizzing. What we
know mainly of Mr. Davis's arrival was from the
correspondent of a London evening "daily," who
wrote an offensive and most uncalled-for remark on
that gentleman's family. Considering the position
Mr. Davis has filled in history, and the enthusiasm
he managed to excite in a certain class, his recep-
tion was remarkable for its absence of ostentation
and of demonstrations. The New Orleans Picayune
informs us that Mr. Davis intends to accept the
invitation of an eminent merchant to join him in
partnership, and will reside in New Orleans as a
representative of the firm.

At Boston individual deposits are on the increase, though
the banks keep their loans well up by offering easy terms.
Call loans on Government collaterals vary from 4 to 6 per
oent., and discounts from 6 to 7, very fair paper being
offered at 7i to 8. New York funds are heavy at a slight
discount. As for some months past, money at Boston ap-
pears to be less in excess than at any other principal city in
the country—owing probably to the greater discrimina-
tion in regard to paper, and the greater care in making
discounts. At New York money continues abundant.
Call loans are made at 3 per cent. in Governments and 4
per cent. in railway and miscellaneous stock, but with
much greater discrimination as to collaterals and with a
wider margin. The best commercial paper is in demand
at 6 per cent. The gold held by the banks has been in-
creased somewhat more than $4,000,000 during the week
by the transfer of that amount from the Treasury, on ac-
count of the Alaska purchase. At Chicago there is a fair
inquiry for loans, but the supply is largely in excess. The
market is easy at 10 per cent., with little doing in Eastern
exchange. At Cincinnati the demand for money is im-
proving, but is quite freely met. There is more activity
in business circles generally, and currency is moving to
the country for the purchase of produce. Loans are
made at 8 to 9 per cent. in bank and JO in open market
for first-class paper. Exchange is in good demand at
par to 50c. premium. At New Orleans the money market
continues without any marked change. The street
rates are 1 per cent. a month for prime paper, and 18
to for anything second-class. Loans are made on
mortgage at 10 to 12 per cent. Bank discounts are made
freely to regular customers, but, as for some time past,
country paper has to go begging. At San Francisco, the
demand for money is rather better, but the supply is re-
ported as still abundant. Rates remain at Ito I per cent.
a month in bank and 10 to 12 per cent. on real estate se-
curity.
Gold closed last week at 149, having made 150 the day
before. The advance from 146 had been too rapid to give
any assurance that it would be maintained, and accord-
ingly, on Friday, at the close, it was off 2 per cent.; on
Saturday a little better; on Monday down to 1168 to I ; on
Tuesday a fraction lower ; on Wednesday it rose to 147 i,
and closed for the week at 1471. As we said in our last
report, we consider the figure 145 as thepresent minimum
of gold, and anticipate a further advance. During the day
on Saturday it touched 1451 for a momont, and imme-
diately rebounded. The boldest operators covered their
shorts at that figure and at 146-}, and the bears bought
freely—the strongest testimony possible to conviction of
the community that the rise in gold is genuine and per-
manent.

General Butler has given his constituents at
Gloucester, Massachusetts, the benefit of a long
address. Acenrding to him the Congressional
majority has been earnestly engaged in legislating
in a most unexceptionable manner, of course under
his leadership. it has displayed great magnanimity
towards the South ; it has considerably reduced the
public burdens ; it has defeated all jobbing schemes
for public plunder, or for the depletion of the Trea-
sury ; it has stopped the contraction of the currency
until the rich harvest promised by a kind Provi-
dence gives to the United States a balance of exports
over imports. He considers the financial question to
be one as regards the claims of the bondholders on
which Republicans might honestly differ, which
still remains open, and substantially undiscussed,
but not one now to divide the party. He was more
distinct, however, about impeaChment and the part
he took therein. The seven Republican Senators
who voted against conviction he likened to the
seven devils which were cast out of Mary Magda-
lene, and from this it is no great step to reiterate
his charges against them, maintaining their corrup-
tion either through money or the lust of power.
As he cannot occupy a conspicuous place in the eye
of the nation on the floor of the House, he does so
in the columns of the press. His letter in the
Tribune, headed " General Butler Strikes Back,"
wherein he declared that both the suits at Balti-
more were brought by John Surratt's counsel, has
been replied to by R. T. Merrick, who says that
Mr. Butler twice urged on Miss Annie Surratt his
desire to defend her brother, and was not employed
because Messrs. B:adley and Merrick refused to be
associated with him. This statement has demolished
Mr. Butler's design of leaving his constituents under
the impression that he was an ardent patriot,
persecuted by those who defend the naln who aided
Booth to murder Mr. Lincoln. He has turned over
a new leaf reg trding General Grant, whom he now
highly eulogises, and for whom he intends to vote,
as is natural, considering he predicts civil war as
the result of Democratic success. But what con-
cerns him even more nearly is that without some
declaration in Grant's favour he would have very
little chance of sitting in the next Congress, and he
took the earliest opportunity of announcing his re-
conciliation. Ex-Adjutant-General Schouler is
likely to be the opposing candidate. Butler has
formed an alliance with Dr. George Loring, who
formerly was a Democratic ally of his, on the un-
derstanding that they tender mutual aid—•the one

Governments have fallen off slightly since last report
with the fall in gold, but the amount of business done has
increased and a large investment demand been experienced.
A noticeable featurb is an improvement in new 65's; with
a fractional advance over 1867'5, which have heretofore
commanded the higher price. It is rumoured that large
amounts of 1865's have been quietly shipped during the past
few weeks, although they are not classed with exportable
bonds. A more noticeable feature is the advance in Ten-
Forties (five per cents.) Those have risen to a level with
the Five-Twenties of 1862—two months' interest on. This
appreciation is a tribute to the repudiation theories, and
may be regarded as an indication that a new loan, clearl3
expressed as payable in gold, would be preferred to the old
bonds with the uncertainty which has been attached to
them by the unprincipled efforts of our demagogues. It is
perfectly unreasonable, of course, that five per cont. bonds
should bo so nearly on an equality with six per cents
and shows the discredit which has been brought upon our
national credit by the agitation of the bond question. It
is shameful that it should be so ; but it furnishes an addi-
tional reason for the immediate funding of the debt, with
a full assurance as to the terms both of principal and inte-
rest. The August statement of the national debt, made
public since our last report, is fully as favourable as could
bo expected, considering the fact that July and August
are the months of large disbursements and small receipts.
The most noticeable feature is the large increase in gold
interest bonds, and the corresponding decreaso in those
bearing currency interest, indicating the final extinguish-

=IIM

rant of the groat 7-30 loan, which " ran' ovt " on the 2d
instant. About $8,000,000 remain unconverted, which
will be redeemed in currency according to its terms.
In the railway market, Hartford and Erie still makes
a prominent figure ; but as its appreciation is due to
the success of unprincipled combinations, as well as
to the facility, to say the least, of the Massachusetts
Legislature, it is not a proper subject of public
congratulation. The present direction, under the ener-
getic lead of President Eldridge, promises the completion
of the road at the end of two years more. The injunction
on the stock dividend of the Rock Island Road has finally
been dissolved, and the books will be closed for transfer
on the 15th inst. The New York roads have undergone
great changes, the result of a combination of the Drew and
Vanderbilt parties to bear the stocks. The present Erie
management, with Jay Gould for president, promise great
reforms in administration, and appear to have seriously
undertaken the searching retrenchment of expenses and
the thorough repair of the road. In the miscellaneous
stock market the only matter of interest is the strength of
Pacific mail. Rumours are current that the Webb oppo-
sition is to be withdrawn, but nothing authentic is given
to support this notion, while, to all appearance, that party
is even more strong and defiant than ever.

In the general trade, the most marked experience of the
week has been the fall in the boot market, which has
been almost unprecedented. Many of the large
dealers have been caught with heavy stocks on their
hands. The mischief is local, and has not affected the
demand or price for shoes and brogans, which are in good
request, at full prices. Hay is just now a prominent
article of export, in the comparative failure of the English
crop. Old hay is in quick demand for shipping, at an ad-
vance. Hops continua to be weak and depressed. Of
the dry goods market the New York Independent says:—
" The first week in August has proved duller than had
been anticipated among dry goods men, and a few weak
holders of domestic cotton have been disposed to ease
themselves of their heavy stocks at a small concession of
prices ; but there has been no decided change in the market
since our last report. There is some uncertainty still felt
as to the ruling prices of raw cotton for the next 90 days,
but the sudden rise in gold of last week, and the growing
conviction that higher pirces will yet be realised this fall,
tend to prevent a fall in the market value of all kinds
of manufactured goods. The continued favourable re-
ports of the harvest from all parts of the South and West
make it certain that there will be an unusually good fall
trade. The country is not overstocked with goods,
and the West will be abundantly able to pay for all it
purchases."

The cattle disease has been not only the topic of the
week, but, if we regard the extent of the interestslinvolved
and the frightful possibilities of such a post, transcends in
importance all other industrial features of the time. The
leading newspapers of the country have confined their in-
quiries and remarks almost exclusively to the importation
of poisoned meat, and to the effect of the disease upon the
animal tissue; and for the best reason in the world, because
to dwellers in the large cities, who are wholly at the mercy
of the butchers, and have no means of ascertaining the
condition of the meat slaughtered for market, this is, if
not the most important, at least the most instant concern.
But that is properly, and indeed almost solely, a matter of
domestic interest, and for municipal regulation. The
country generally is more anxious to know what are the
probabilities of the pest breaking over all bounds and
getting wholly beyond control so as to become a perma-
nent burden upon our industry. From the West the ac-
counts are angry, excited, and confused, and while they
add to the impression of the ca:amity, they give no clear
and reliable data for determining its character or methods.
At the East its progress can be more distinctly traced.
It has appeared at all the great cattle markets, though not
as yet with very alarming effects, and at all the great
railroad ganglia. The symptoms are variously reported,
and there is unquestionably a great deal of ordinary fever
that passes for Dr. Harris's "malignant typhus." But
the concurrence of deaths in such unusual numbers at
AlLany, New York, Brighton, Communipaw, &c., proves
that it is the veritable scourge, and that it does not de-
pend upon local atmospheric influences, but is contagious
in the fullest sense, and may be rapidly transmitted along
the lines of railroad communication in any direction with
fatal certainty. The introduction and domestication of
such a disease is a great fact economically, and is likely to
prove a sore blow to our national industry.
The public debt of the United States on the Ist of
August, according to the usual Treasury statement, was
as follows :

Debt bearing coin interest
Debt bearing currency interest 81,601,890
Matured debt not presented for pay-
ment

Debt bearing no interest 410,302,891 37c.
Pacific Railroad Bouds 32,210,000

Total 52,633,588,756 81c.
The cash in the Treasury amounted to $110,054,276 14c.,
of which $83,409,917 93c. was coin, the rest being cur-
ency. The total debt increased $10,164,809 since the Ist
of Juno. Of this increase of debt $6,308,000 is due to
bonds issued to the Union Pacific Railroad, which are
secured by a mortgage on the road. No debt statement
was issued on July 1, it being the close of the fiscal year,
and the comparison is therefore with the June statement.
Prices of Stocks aad Shares in New York: -American
gold 117 to 1471, United States co ipon sixes (1881) 1131,
United States Five-twenties (1862) 1141, (1861) 1101,
(1865) 114 (1863, now) 109 to 1091, (1867) 109 to 1091,
(1868) 109 to 1091, United States 10-40's 1091, Virginia 6'S
56, Missouri Sixes 93, Tennessee 6's 61 to 614, North Caro-
lina Sixes 73 to 741, New York Central Railroad 1271,
Erie 571, Erie Preferred 70 to 701, Hudson River 1361 to
137, Harlem 123 to 124, Reading 91 to 914, Milwaukee
and St. Paul 741- to 741, Milwaukee and St. Paul Pre-
ferred 82 to 821, Toledo, Wabash, and Western, 501 to
51, Toledo, Wabash, and Western, 71 to 72, Michigan
Central 120 to 121, Michigan Southern and Northern
Indiana, 85}, Illinois Central 1481 to 149, Cleveland and
Pittsburg 87 to 871, Cleveland and Toledo 100 to 10011
Chicago, Rock Island,7and Pacific 1118 to 1111, Chicago
and North-western 82k, Chicago and North-western
Preferred 82i, Hartford and Erie 22 to 23, Adams E%-
press Company 52 to 52k, Merchants' Union 24 to 24k,
Western Union Telegraph Company 331, Pacific Mall
Steamship Company 1021, Cumberland Coal Company
Preferred 30 to 33, Canton 461 to 47, Quicksilver 211, Ba-
ton Water Power Company 161- to 161.
At Hartford, City National Bank 107, American Na-
tional 1101, City Insurance Company 129, New York and
New Haven Railroad 145 i, Adams Express Company 527
United States 45-1.

(Prom Messrs. Sattertliwaite's Circular.)
London, Aug. 26.
In the London market for American Securities the only
noteworthy change during the past week has been 10
Erie Shares, in which the fluctuations have been almost
entirely regulated by the daily telegraphic quotations
from New York. The lowest officially recorded trans"
action on the 21st was at 30, but from this there has bee°
a reaction to 321- to 33, with an apparently healthier mar-
ket than for some time past.
Illinois Central Shares, at 911 to 921, are slightly fitAiers
but United States Government Bonds show no altera-
tion, the 5-20's of 1862 closing 711 to I, the 1865 issue 70
to 1, and the five per cent. 10-40's 66 to 1, ex the so-
tember coupon. Atlantic and Great Western securities
are without change.

[ADVERTISEMENT.]—Henceorth no one will doubt the ValUablo
properties of Du Barry's health-restoring Revalenta Arabic*
Invalids' and Infants' Food, since to the thousands of blessings
it has already received from Invalids whose position had been
deemed hopeless, we may now add that of his Holiness the POPe;
whose health has been perfectly restored by it after thirty years 0'
unsuccessful medical treatment. We quote from the "Gazette du
Midi," July 25th :--" Rome, July 21,1866. - The health of the 11011
Father is excellent, especially since, abandoning all other reale"
dies, he has confined himself entirely to Du Barry's Revaleala
A rab'ca, Food, of which he consumes a plateful at every meal
It has produced a surprisingly beneficial effect on his health,
his Holiness cannot praise this excellent food too highly." "`i
e-ttract a few out of more than 68,000 cures :—Cure No. 58,216, o
the Marchioness de Brehan, of seven years' liver complaint
wasting away, debility, nervousness, with a nervous palpitation
all over, bad digestion, constant sleeplessness, and the most /I?:
tolerable nervous agitation. Cure No. 1.771: Lord Stuart
de
Defies, Lord-Lieutenant of Waterford, of many years' dysPePl,
No. 49,8,12: " years' indescribable agony from dyspelo
nervousness, asthma, cough, constipation, flatulency, spas r,
sickness, and vomiting.—Maria Joly." Cure No. 46,270:
James Roberts, of Frimley, Surrey, of 30 years' diseased lull:
spitting of blood, liver derangement, and pariial deafness. IV_,
portant Caution—Beware of the many unsavoury and more thl,;,.
sloppy imitations to which, without authority, Baron Liebl
name is most audaciously attached.
18. ;
In tins, at ls. ltd.; 1 lb., 2s. 9d.; 2 lbs., 4s. 6d.; 5 lbs., -
12 lbs , 228, ; 241bs ,403,—A150 Du BARity'S REVALENTA AH&Bi;t
CHOCOLATE :!0V,,,),*.a, is packed in tin canisters; For 12 cups,,,,
25., for 24 :Alps Gd.. for 18 cups at Cs., for 288 cups at 3°78.
for 576 tuns 555. I.3:as nuoat one penny per cup. The
and 555. tiffs ere seat free of carriage in England on reel,/
of Post 0111,e Order.—BAßßY DU BARRY and CO., No.
Regent-street, London ; and all Grocers and Chemists.

Births.
elf
COURAGE—On the 27th inst., at Pembury, Kent. the V-
of E. Courage, Esq., of a son.
STEELE— On the 27th inst., at 11, Ormonde-terrace, Bey
gent's-park, the wife of R. S. Steele, of the Inner Tell'
plo, Esq., barrister-at-law, of a daughter.
WALLACE—On the 26th inst., at Southampton, the wife 0
Major R. R. Wallace, Bombay Staff Corps, of a sou.

Marriages.
41 BECKETT—ROBINSON—On the 26th inst., at the panto
church, Lewisham, Henry John Beckett, of Lee, •s.
Emma Ann, youngest daughter of the late T. W. Bc4
son, of Greenwich.
WELLS—ROWLANDS—At St. Peter's Church, CatinalthelO
ii
Charles 11. Wells, Esq., only son of Captain Wells'od
Penally and Tenby, Pembrokeshire, to Nanno, Occar.
daughter of James Rowlands, Esq F.R.C.S., of
marthen.

Deaths.
Bax—On the 26th inst., at Shephard's-bush, MiddicSe°'
Daniel Bax, aged 91. of
Joussox—On the 23d inst , 14
Thomas Johnson, r•scf"
-
Tamworth House, Burnage, and Queen's Hotel, .241
chester, aged 60.
LORKIN—On the 9th Jan., at Taupeka, Otago, li°vlZht;
land, George Robert, the younger son of the late
Lorkin, Esq., Deputy of dersgate Ward. George
MANNERS —On the 26th inst ,Al at Cheltenham, Capt.
Manners, late 13th Light. Dragoons, aged 71.
st'
bIATsoN - On the 27th inst., at Dartmouth Lodge, -w °r°
hill, Kent, George Matson, Esq., aged 73.

London : Printed and Published by WILLIA.XI 10,
of No. 112, Strand, Printor, at Tam SON g° of
Strand, in the Precinct of the Se voy, in the 0u3./
Aliddleeex.—Saturday, August 29, 1468,

' -on the 2d
ted, which
erms. '

still makes
is due to
s well as
ssachusetts
of public
• the ener-
completion
injunction
has finally
or transfer
undergone
3 Drew and
resent Erie
)mice great
13 seriously
penses and
acellaneous
strength of
ebb oppo-
ic is given
that party

ence of the
which has
the large
s on their
ffected the
are in good
prominent
he English
4 at an ad-
essed. Of

nt says :
than had
few weak
ed to ease
['cession of
the market
;y still felt
a 90 days,
is growing
d this fall,
f all kinds
curable re-
t and West
good fall
ith goods,
far all it

,pic of the
slinvol red
ascends in

ime. The
Id their in-
nportation
e upon the
Ld, because
the mercy
%ining the
this is, if
t concern.
matter of
on. The
int are the
)unds and

3 a perms-
est the ac-
while they
a no clear
• methods.
tly traced.
hough not
the great
reported,
nary fever
us." But
umbers at
;c., proves
es not de-

!,ontagious
tted along
.Ition with
deation of
s likely to

the Ist of
nent, Was

175 44c.
891 37c.
000

756 81c.
4,27614 c.,
being cur-
se the Ist
) is due to
which are
statement
[seal year,
tatemont.

kmorizan
81) 1131,
61) 1101,
) to 1091,
rgiuia 6's
rth Caro-
oad 1271
r 1361 to
lilwaukeo
'aul Pre-
50f to
Michigan
Northern
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to 100 f,
, Chicago
t-western

Tanis E%-
'4 to 2411
cific Mail
Compani
211, Boa-

ican Na-
York and
Ipany 527

.ug. 26.
the 001
been In
nn almost
notationg
Led trans"
has been
hier mar'

fly fir-Alen
lo alters-
-5 issue 70
the SeP-
securities

Le valuable
a Arabic*
blessings
had beeo
s the PoPei
years
Gazette du
the 11019
ther reins'
rtevalento
very _
meal.
tealth, an
lily." We
. 58,216, 0
3omPlaint"
Alpitatipa
most
Stuart de
dyspePoa"
brepelninh
rath
r, g
sed
less. Ira"
more than
n Liebig

lbs., 116'
ARIBIC,t
.2
Ps a cuPL; t
0-,;•
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n Tee"'
1.4 °

.. . ' ' 1

the wife

-Ice, W'
;or Telli'

le wife 0 I
son•

le Plll
t°
Lee, .
Bobl--n-

at then'
ra of
ell a
0,05fec0,r..

iddlesat

of
el, IVt
Esq.,r' _
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;. G co l°

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11;*
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