The Sun.
London, England, 1868-10-03 00:00:00

THE SUN, LONDON, SATURDAY EVE.NING, OCTOBER 3, 1868

MISCELLANEOUS NEWS.

(From the Anglo-American Times.)

His Excellency REVERDIT JOHNSON has been
among the speakers at other banquets than Shef-
field. The last was given by the Mayor and Cor-
poration of Worcester, when he paid a very grace-
ful compliment to Lord NAPIER OF MAGDALA. His
Excellency and Lord STANLEY have accepted an in-
vitation from the American Chamber of Commerce
at Liverpool to a banquet on the 22d inst. To
read some of the comments ou the Sheffield affair
by the American papers it might be supposed
that it was Mr. JOHNSON'S business to demand
a list of the guests before he accepted the in-
vitation, and to refuse unless certain names were
struck out. He had no right, say they, to be
found at the same table with two such bitter ene-
mies of the United States as Lord NVIIARSCLIFFE
and Mr. ROEBUCK. How could Mr. JOHNSON know
who he was to meet, and how could such a party
have been formed at Sheffield without asking these
objectionable gentlemen? The one was the repre-
sentative in Parliament, the other was a magnate
of the county. If both took strong partisan sides
with the South, still Mr. JOHNSON represents
the South as much as he does the North,
and, like a true Representative, prefers to meet
friend or foe really interested in his country to
people wholly indifferent. If the British Minister
at Washington was only permitted to meet at dinner
those who had never spoken ill of England his
society would be in the highest degree " select ;"
but he would not then be a very useful Minister.
Why, it is to the lost sheep that a Minister is sent,
and it is especially his business to influence the
leaders of public opinion and those who control the
Government in favour of the views taken in his own
country. Our friend the Spirit, who shows an
unaccountable spirit of animosity against Mr.
JOHNSON, says " That he must have landed
at the docks at Liverpool with his hat in his
hand as if looking eagerly around for some live
lord before whom he might go down on his
marrow-bones and ask forgiveness for being an
American." As it happens, Mr. JOHNSON did not
land at Liverpool at all, but if his object had been
to get hold of a "live" lord he would there have
gone to the wrong shop. Perhaps the Spirit means
a " cotton" lord, which we venture to say is a more
interesting animal to the American Minister. If
Mr. JOHNSON cannot control the invitations, he is
even less able to put a gag on the mouths of the
guests. Any one sitting next to Mr. ROEBUCK
might have pushed a roll down his throat, and
thereby have brought his oratory to an ignominious
close, exhibiting him in the guise of a " dumb-
founded" Spaniard ; but Mr. JOIINSON could not
thus act. The question is, What was a gentle-
man to do under such circumstances ? and we
believe that few gentlemen have the slightcst
doubt about how they ought to act. The essence
of the subject is in the intention not of the
speaker but of the host, and generally of the
party. The Speaker may be an ill-bred fool, per-
haps unconscious of the import of his wirds ; he
may be—drunk; or he may be a vicious, ill-con-
ditioned whelp, glad of the opportunity of pur-
chasing a little cheap notoriety. Ia the two first
cases it is the host and not the guest who is to be
pitied ; and the guest endeavouri;l'hy his Matiner,
to set his entertainer at easalayfshowingoriOn.-
though it be a feint, how lightly he regards the
contretemps ; in the last, if the Minister retires
I with ruffled feathers, he does what the other wants.
Unfortunately, the desire of effacing Mr. ROE-
BUCK'S speech induced the English papers to give it
a prominence of which it was wholly undeserving,
and thereby to call American attention to what
otherwise would have passed with scarcely any no-
tice. Mr. JOHNSON has been a leading party man,
and the organs of the other side are always ready
to pick up everything which tells against him.
Although there are few men in America more
generally respected, and against whom less ani-
mosity is. directed, still the price of the posi-
tion is a certain measure of detraction, and Mr.
ROEBUCK furnished them with the opportunity for
an attack. We do not know whether Mr. ROE-
BUCK got what he wanted, bat if he did his tastes
are so peculiar that he is not likely soon to find an
imitator. We hope that Mr. JOHNSON will continue to
use every opportunity given by his high position
to strengthen the bonds of union between the na-
tions, undeterred either by attacks in England or
attacks from home. At present, in Lm lon, there
are two Americans representing great nationalities
—the one received with lavish cordiality, the other
with buckets of cold water. Bat we are thankful
to say that they are fatly up to the position—the
one neither elated nor carried away by flattery,
nor the enthusiasm of the other camped by neglect ;
because both are men of sense and good breeding,
as well as men of the world.

The reason given for the attack of the whites on
the negroes at Camilla, Georgia, is not bad in its
way. It is that the blacks were infringing the law,
as they were carrying arms. To preserve the law
the whites not only carried arms themselves, but
shot all the negroes they could, covering the ground
with their bodies as in a hardly-contested action.
This is what they call preserving the law in Geor-
gia. The President has, however, ordered an in-
vestigation, and what the Sheriff says will be
tested, that he was merely attempting to disperse
negroes, who provoked the fate they met by
firing upon the whites and wounding six, simply
because a drunken bystander discharged a shot at
them. Although a Republican procession marched
unmolested through New Orleans lately, it is evident
that the Clubs are making up for this forbearance.
A fight took place on the night of the 22d Sept.
between the Republican and Democratic Clubs,
and though no casualties are reprted a renewal of
the disturbance is feared.

The other items of intelligence brought by the
Russia are the following :—The Georgia Legisla-
ture has rejected the suggestion of Governor But-
ock to ask for the aid of national troops to pre-
serve the peace of the State. The prosecution in
the Surratt trial has filed a demurrer to the appli-
cation of the counsel for the defence for the dis-
missal of the conspiracy charge under the provisions
of the annuity proclamation. A large and enthu-
siastic Republican meeting was held at the Cooper
Institute in New York last evening. General Fre-
mont was among the speakers. The cotton reports
from Tennessee continue unfavourable. Wright's
report states that in Georgia, Alabama, and Florida
the cotton is much damaged by worms and rains.
The action which was to decide the fate of Queen
Isabella was fought at the bridge of Alcolea, near
Cordova, between Marshal Serrano, commanding
the insurgents, and the Marquis de Novaliches,
commanding the Royalists, who was defeated, mor-
tally wounded, and sent back to Madrid, where he
died. The news caused a rising in the capital, when
the troops and people fraternised. Marshal Concha
resigned, and the revolution established a new
Government. The Junta declared for the downfall
of the dynasty, universal suffrage, and a Cortes. The
Royal arms were removed, and the Queen's busts and
statues descended into the gutter. The Official Gazette
contained a proclamation of the Provisional Govern-
ment pronouncing the deposition of Queen Isabella,
asserting the sovereignty of the people, and conclud-
ing with the words, " Down with theßourbons." Prim
and Serrano are united in opinion. Elections were
about to be held, the National Guard was being
organized, and already a loan had been tendered to
the Government of 160,000,000 reals. The Queen
finding her cause hopeless slid down the Pyrenees,
and " sloped " into France, while the nation
took up the Yankee cry of " Let her slide."
We are sorry for a lady in misfortune, though
we cannot but rejoice at the success of the re-
volution. It has been almost bloodless, while
had the Royal cause prevailed we have a sample of
what would have happened in the action of General
Calonge, who, on the capture of Santander, imme
diately shot 21 of the inhabitants. He was ar-
rested at Duenas, as the people did not wish to
" let him slide" after the Queen into France, as he
had to answer for that little affair at Santander.
It is a pity that he could not earlier realize and
sympathize with the feelings of people ordered to
be shot, as he might then have escaped the opera-
tion himself. We fear the Spaniards will find it

easier to get rid of the Queen than to establish a
firm and satisfactory Government.

The Louisiana Legislature has passed a bill
which has become law without the signature of
Governor `Yarmouth, and we give its main provi-
sions here, instead of under the heading of the
" Southern States," as it is proposed to adopt its
provisions throughout the Reconstituted States. It
is directed to the revision of all existing laws, both
class and general. The Louisiana Legislature joins
a House committee of three with a Senate com-
mittee of two, appointed by the officer presiding in
each assembly, who sall sit during the recess, and
select those who are to simplify the language, cor-
rect the incongruities, supply deficiencies, and re-
duce to order the statutes of the States under the
supervision of the committee. Five thousand dol-
lars have been appropriated for the purpose.
Same curious statistics have been published by
the Freedman's Bureau. Lieutenant Brown re-
ports that in Tennessee, during the year ending
Ist July last, action had been taken by the civil
authorities on 162 murders, which, up to 25th
August, had been increased to the number of 179. In
76 of these cases the civil authorities did not attempt
to bring the perpetrators to punishment. Eleven out
of the 179 murders are shown to have been com-
mitted by blacks, leaving 168 that were committed
by whites, upon whites and blacks. Seventy-three
of the persons murdered are shown to have been
whites, and 106 to have been blacks. But, bad as
Tennessee is, Texas, according to a former statement,
is worse, and we can but hope that a change will
occur after the elections, when the country will be
settled for a few years, at least as regards the
President. A letter from Little Rock, Arkansas,

states that iu Columbia County 19 Republicans
were assassinated within ten days, one of whom,
for shouting Grant, was riddled with eleven bullets.
Commander Jeffers, of the U.S.S. Swatara, has
reported to Secretary Wells an interview with the
Liberian Government. The Liberians heard with
astonishment that the negroes of the Southern States
had been admitted to the franchise. " We," said
they, " do not allow the natives to vote unless they
have been educated in our schools." This has been
used as a campaign document, which the Democrats
profess to consider will be difficult to answer,
though few unprejudiced and thinking men will
find any difficulty in the matter. All object to
the voting of ignorant negroes, but many consi-
der that of two verygreat evils the renewal of slavery
is the more dangerous. They set the injury which
may be accomplished by the former against what
might happen, supposing the negroes to be deprived
of their vote, and select the most promising horn of
the dilemma. The position of Liberia is wholly diffe-
rent, fur there are no white men there against whom
it is necessary to arm the negroes with political power.
It is a pity that this, the essence of the subject, is
habitually avoided by the Democrats, for though
the English might be imposed upon by dropping
the necessity, and discussing the objectionable
remedy, yet the citizens of the United States can-
not be thus deluded, therefore it would be better
boldly to meet the difficulty, and aid in working
out a remedy.

Senator Morgan and Representative Shenck met,
and drew up the following letter regarding the re-
assembling of Congress on the 21st. September
Washingtonf H. 11-4*.2r.- 0.41,007. of ~the
Senate and the 81)eaket:iopIike- Wimp 'O.-APiirre4eatEl.ttv
were, Toy .tOtoitition of'-Congress; 'to/ p•Glinittn their
respective-dionses until the ,third. Monday of September,
1868, and on that day, unless then otherwise ordered by
the two Houses, they were directed to further adjourn
their respective Houses until the first Monday of Decem-
ber. In accordance with the request of the Republican
members of the XLth Congress, the undersigned decide
and respectfully recommend that there be a full attend-
ance of both Houses of Congress on Monday, the 21st day
of September instant, promptly at 12 o'clock noon. It is
not expected that general legislative business will be
entered into at that time, or that the session need be
longer than necessary to provide for another adjournment.
It is important that there should be such general attend-
ance of members as will secure the presence of a quorum
in each House,.

E. D. MORGAN,
Chairman Union Republican Committee.
ROBERT C. SCHENCK,

Cbairman Republican Congressional Committee.
The moment the call was made public a general
rush of office-seekers set in towards Washington,
but it was soon known that Congress would do no
business, merely meeting to adjourn. Senator Mor-
gan immediately after left Washington for New
York, but he was to return for the 21st September.
General Schenck was likely to be detained for a
short time after the adjournment on business con-
nected with the Republican Congressional Com-
mittee. Speaker Colfax was to be back by the 19th
September, and also Mr. Wade, President of the
Senate, and the latest reports announced the arrival
at Washington of both.
Professor Agassiz has been travelling in the
Rocky Mountains, and is only, as we write, on his
way back to Boston. He has been charmed and
amazed by what he has seen, both the plains and
the mountains furnishing him with numberless ob-
jects of intense interest. Brazil was as nothing,
he says, to what he had already seen in crossing
the plains, though not yet brought face to face with
the Mountains. He finds abundant material to
sustain his glacial theories, and in his opinion
the vast elevated plains from the foot of the Rocky
Mountains to the Missouri river, and from Montana
to Mexico, are deposits of great fields of ice resting
upon the hills, and washing down their heights. If
so, it is curious to know what the appearance of the
Rocky Mountains at one time was considering their
present grandeur after centuries of such waste. The
Professor's route is through Colorado to the end of
the Pacific Railroad track, which will bring him
within 300 miles of the Mormon city, and he may
therefore call on Brigham Young ere his return
early this month.
A very curious . circumstance has occurred at
Hartford, Connecticut. It appears that a bill passed
the Legislature amending the law of neutralization.
The clerk in the Secretary of State's office en-
grossed it accurately after its passage when it was
examined by the engrossing Committee, who found
it to be correct. While the Committee were iu the
office, by some skilful manipulation another was
substituted with the vital part omitted, and taken
table. The document was
to the Speaker's
either mutilated or changed, for there was a
whole section expunged. Governor English vetoed
the Bill, and two-thirds of his message was
made up of a laboured argument against the clause
which had no place in the law as it now stands. As
sent to the newspapers from the Secretary of State's
office and published, it is correct, and people won-.
der who was at the bottom of the fraud. It appears=
that the new Election law-was before similarly tam-
pered with; though detected and corrected in time.
The Republicans say that the Secretary is a Con-
servative, and that the object is to secure the State
for the Democrats.

The Ward brothers, who are probably the best
rowers in the world, challenged the world for a
four-oared race for $5,000. This was taken up by the
New Brunswick crew, who were victorious at Paris
in the International Regatta. They proposed that
the race should be rowed on the Connecticut River
at Springfield for $l,OOO. To this the Wards ob-
jected after discussing the subject at a meeting held
in New,York. The disputed point was the amount
of the stakes, as the Wards declined to row-for less
than $2,500 a side.

Speaker Colfax again met Frank Blair at
Denver, and on the eve of the Colorado election.
Mr. Blair, at considerable personal inconvenience
and exertion, reached Denver to speak for the can-
didate of his party, Mr. Belden. The Democrats
are running a man, the Republicans are running
their principles. Mr. Belden is thought very highly
of throughout the Territory, but Mr. Bradford, we
believe, is not. The result, then, of the election
has shown Republican strength, as in spite of the
repeated error of the party they carried the election
of the inferior against the superior candidate. The
account from Denver showed how doubtful the re-
sult was considered, and it was said that if Brad-
ford carried the election it would indicate more
than appeared. on the surface. He was elected, as
we elsewhere state, by a majority of 142, being 25
increase on the vote of 1866.

The fright in Ireland at the cattle, disease, which,
acting on the Privy Council, lel to the exclusion
of American hay, has checked a most promising
export. In the United States the Order in Council

is considered to be wholly unnecessary, as there is
no chance whatever of the disease being communi-
cated through such a medium. Ireland prefers the
import of Fenian notions, revolvers, green uniforms,
and secret instructions ; for, though the Emerald
Isle screams at the shadow of an injury, it has al-
ways eagerly bolted the substance.
John Quincy Adams has accepted the Demo-
cratic nomination for Governor of Massachusetts.
His letter, published at Boston, September 18, de-
clares two matters of the greatest interest to be in-
volved —" one important, the other vital. The former,
he says, which I take to be the financial question,
was not treated by the National Convention in New
York in a manner which satisfied my judgment.
By providing for a payment of the bonds known as
Five-Twenties by surplus revenue alone (thus
ignoring what seems to me the valuable part
of Mr. Pendleton's plan, withdrawal of the
issues of the National Banks), the Democratic
party appeared to commit themselves to an in-
definite extension of the intolerable nuisance of
an irredeemable paper currency. lam too much
of a Democrat to regard any such prospect
with patience. I believe in hard money, and
therein hold myself to be a true Jacksonian Demo-
crat." The vital question is Reconstruction. The
late Mr. Stevens said—" Only two fools in the
party believed the Reconstruction Acts to be Con-
stitutional." Mr. Adams neither believes they are,
nor in the permanent domination of the African
race in any State :—" But the Republican party is
irrevocably pledged to this idea. They have staked
their existence as a party on its triumph; to this
idol they have sacrificed their constitutional obliga-
tions in the past, and for it they must find fresh offer-
ings in the future." Mr. Adams makes this curious
admission about his party :—" It is true that the
Democratic party in success may violate the pledges
of adversity, and again subvert the organic law."
(!) The reply is, that he need not be uneasy, for
the party has little more chance of power, than he
has of being elected Governor of Massachusetts. It
is not surprising that he thus deplores the decay of
ancestral reverence, considering whose son, grand-
son, and great-grandson he is. " The teachings
and the practice of Radicalism have destroyed much
of the old reverence for the precious legacy of our
ancestors. We may dread lest they should do
this thing, but we do certainly know that the Re-
publican party has already done it ; at least it is a
chance, a last chance, of salvation. If that fails
us—if we must submit to the whims of a majority
without appeal—it matters but little to me whether
it rejoices in the name of Republican or delights in
the title of Democrat."

Who is it that makes up the matter for Reuter's
telegrams on the arrival of the mail steamers at
Queenstown? When the City of Baltimore brought
the news up to the 19th Sept., it was telegraphed
that the Republican majority in Maine was a gain
of 8,000 over that of last year, making a total ma-
jority of eighteen thousand. Of course, all the Eng-
lish papers accepted this statement, and every-
where circulated it, although 8,000 added to 11,614,
the , Republican, majority of last year, makes
more than 18,C00. Nor was the 8,000 even
correct, as the majority had been increased by the
districts then heard from up to 21,448, and it was
estiffip,ted,to, exceed. 23,000. This .:boars out' our
allarYetift as our readers will gte,p:tiy:if,,refeieriCe to
the aiticlo on. the Verianni; ,ar0„1/iiiitle-electiona ip
our issue of Sept 19..' is curious, too, thA the'
Republican triumph in Colorado should have been
disputed, as Bradford was elected deleg de by a
majority of 142, being an increase of 25 over the
majority of 1866. " Granny" never loses an oppor-
tunity of going wrong like the Irishman's pig, and
she made her error so conspicuous that all might
see it, calling attention to it in a leader.

On the 18th Sept. scarcely a dozen members of
Congress had arrived at Washington, although
the Legislature was to open on the 21st Sept. But
though the members came slowly to the Capi-
tol, the " lobby " posted there fast enough,
the more so as it was rumoured that the President
would send in nominations for a large number of
vacant offices, among them one for the post of In-
ternal Revenue Commissioner. If a quorum could
not be got together ou Monday, the 21st, there was
to be a call of the House, and it was fully expected
that by Tuesday, Senators and Representatives
enough would have gathered, when an extension of
the recess would be agreed to. Attorney-General
Evarts returned to Washington, Sept. 18. Except
Secretary Browning all the members of the Cabinat
were at the meeting that day. Marshal Parsons, of
the Supreme Court, also arrived on the 18th Sept.
The news from San Francisco is dated 17th
September. It tells us that a fire, covering an esti-
mated area of 200 square miles,was devastating both
sides of the Columbia River, between the mouth of
the Chowlitz River and the junction of the Willa-
metta with the Columbia. St. Helen's and Astoria
were in danger. The destruction of timber and other
property was enormous. The steamer Idaho, with a
cargo of sugar, had been seized by the Custom
House authorities. One of the San Francisco re-
fineries has been importing large quantities of sugar
from the Sandwich Islands and adulterating it with
powdered charcoal, and passing it through the
Custom House as "low grade sugar." The United
States Consul at Honolulu ascertained the facts,
secured the necessary testimony, went there in the
Idaho, and complained to the revenue authorities.
The result was the seizure of the steamer and the
sugar. The China steamship Great Republic, then
three days over due, had not arrived at San Fran-
cisco at 8 p.m. on the 17th.

Mr. Colfax had returned to Washington to be
present at the opening of Congress on the 21st
September. Ills party arrived at Chicago more
than a week before, where they separated, Mr.
Bowles going to Springfield, Massachusetts, after
furnishing the Republican with some very interest-
ing letters descriptive of his tour. The Republican
now announces the Speaker's engagement to Miss
Nellie Wade, a niece of Senator Wade of Ohio.
She is described as a sweet, sensible, attractive lady
of thirty, well educated, and worthy of the posi-
tion. Her father died several years ago, and her
acquaintance with Mr. Colfax began two years
since in the house of her uncle the President of the
Senate at Washington, where she spent a winter.
She accompanied the Speaker, as we before an-
nounced, on his trip to the Rocky Mountains. We-
congratulate Mr. Colfax, although we should be
sorry ourselves to go through two such campaigns
at the same time as the struggle for the Vice-Pre-
sidency and marriage. Yet the one may neutralize
the other, butwheuboth are over life can scarcely
f4il to appear hum-druni after such tremendous
eXcitement.

Ex- Secretary Stanton expects to start west fin-
mediately to take part in the campaign. He will speak at
Pittsburg, Cleveland, Detroit, Chicago, St. Louis, Cin-
cinnati, and Dayton, and possibly at a few other points.
He then intends to visit New York in time to enter the
field there. He will visit. Philadelphia before going west.
Senator Wilson will stump the South after the October
elections. He has just proceeded from New York to Phil-
adelphia, Mr. Alexander H. Stephens arrived at Wash-
ington from the North on the 18th September, in excel-
lent spirits and health.

The death of Major Joseph M. Bell is announced.
He was 44 years of ago, and formerly on General Butler's
staff.

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MONEY AND BUSINESS.

(From the Springfield Republican, Sept. 19.)

Another six days of work is done, and nothing yet
seen of the monetary stringency predicted. Money con-
tinues to rule easy; and the supply is perhaps oven better
distributed this week than last. The idea of " seven per
cent. in gold" is pretty generally given up by this time.
The banks of New York still hold nearly $20,000,000 in
excess of the 25 per cent. of lawful money security re-
quired by law ; and, should the drain of currency to the
West continue, they have forty millions in three per cent.
certificates which they can exchange at the Treasury for
lawful money. These considerations make it certain that
the supply is far above any demand which it is reasonable
to anticipate. Indeed, the'demand from the West, in-
stead of being heavier, as was generally expected, has
been even lighter for the week, the decrease in deposits
and greenbacks at New York being under two and a
half millions, and hence inside the probable esti-
mate. Iu some cases previous orders have been
countermanded by telegraph. Those who based their
calculations of stringency "about this time" on last
year's experience, and made their minds up for
seven per cent. in gold, are beginning to appreciate the
difference between this year and last. In the first place,
the banks began to meet the Western demand better pre-
pared than last year. In the second place, there is an un-
precedented amount of foreign money balances in New
York and of credits, which can be drawn upon, if the
mites of money improve. As money is a positive
drug at 1-,1 to 2 per cent. in London, and the accumu-
lation at the Bank of France continues under the increas-
ing apprehension of war, the capacity of the market is
greatly increased from this source. It is even reported
that Canada banks are employing their funds to a consi-
derable extent in New York. In the third place, the sub-
Treasury holds $15,000,000 or less of legal-tender notes,
against $35,000,000 at this time last year, the balance being
in use, it is fair to presume, somewhere. In the fourth
place, the purchases of goods for the West and South
this year will come nearer in amount and in time to
the indebtedness of the East for grain and cotton
than last year. It would not be difficult to exhibit
other points of difference all to the advantage of
the money market the present year. Anyway, the
fact remains that September is more than half gone,
without the banks of New York losing ono half what
they ought to have done, if there is to be any such stein-
gencyns it. has been popular to predict. The scarcity of
small notes is being more and more felt at the West, and
the banks East are not able to furnish them to their cor-
respondents. The Treasurer at Washington has given
notice, however, that every facility will be given ix
making the exchange, or " change," at the department.
At Boston the market is working rather closer, with not
much room to spare. Money is worth 5 to 6 per coat. at
call on Governments, 7 per cent. on good 60 days' paper,
and 7i for anything longer. The street rates are 71- for
tire best signatures, and 8 to 9 for good average double
names. At New York first-class houses have no diffi-
culty in getting money on call at 3 to 4 per cent.; some
borrowers have to 'pay as high as 5. There is quite a dis-
position to borrow on 30 or 60 days, in consequence of
the predictions so persistently made of a pinch to come
soon. Discounts are freely made at 6 to 7 per cent.
Money is rather easier outside than at the banks, which
are expecting further orders from the West, and in-
clined to keep their funds well-in-hand. At Philadelphia
the 'decrease in deposits and legal tenders this week is
rather larger than last. At Cincinnati the drain of cur-
rency to the interior is perceptibly checked. The demand
for discounts is full and rates are strong. At Chicago
money has worked easier during the week, and the move-
ment to the country has totally ceased. The banks have
stopped ordering currency from New York, and in some
cases orders have been countermanded. The demand for
currency from the South. has not yet begun to tell very
heavily. The movement of the cotton crop will require a
censideraible,Ainotmt of currency, and it is likely to be
hbrOughi<fer4fdly: Under the apprehension of a decline.
_'.:Foreign"'3ltehtitige id inactive and prices are less firmly
! Gold has remained without much fluctuation during the
week ; but its firmness, under the repeated assaults of the
bears, is ominous of an early rise. 141 seems to be " bot-
tom".for it just now; and we shall look to seek it turn
and go up before long. The business demand is heavy,
and importers are generally securing themselves at present
rates, in preference to borrowing. For prompt delivery
gold is in only moderate supply. The export continues
to be trifling. The New York, World remarks that there
is no doubt the greater part of the November interest is
already sold. Governments have advanced a fraction on
most of the denominations. The results of the Maine
election had chiefly been discounted beforehand, with the
improved feeling in political circles ; but the whole line
could not help recognizing the tribute paid to national
honesty on Monday by advancing, though less than was
anticipated, on Tuesday. In London the price has ad-
vanced to 721. At New York the out of town orders are
all to buy, and foreign bankers continue to purchase
largely of the later issues fur shipment. There is also a
brisk inquiry for the registered Five-twenties of 1862,
which have been selling as low as 108 k to II- with accrued
interest, which makes them the cheapest bonds on the
list.

The stock market has in general been steady. The
transactions have been unusually large, the aggregate
number of shares disposed of showing an increase of
twenty-five per cent. The loading railroads have been
firm at the full rates of last week, and in increasing
demand. St. Paul, common and preferred, have been
steady, closing at 951, being a rise of 4 per cent. during
the week, and making a total rise of 21 on the common and
15 on the preferred within a month. This extraordinary
advance is mostly genuine, though it has no doubt been
helped by shrewd manipulation. The road has this ad-
vantage over the Chicago and North Western—its rival in
the affections of the market, its late rival it might be
called—viz., that while both companies represent several
original corporations, the North Western operates a great
part of its line on leases, for which it is subject to a con •
stant and heavy drain, while the consolidation of the Mil-
waukee and St. Paul is genuine, and all pardons of its
line have a common interest, making it a far more com-
pact and available property, though still much encum-
bered with lawsuits, if not with leases. North Western
shares, both common and preferred, are also in active in-
vestment demaad, having risen nearly three per cent.
within the week. The defeat of this road, in its contest for
the Pacific Railroad business, does not seem to have lost it
the confidence of the people. On the contrary, its resources
have been so strikingly illustrated during the present sea-
son as to justify the hope that even with its gigantic bur-
dens it may be lifted into the dividend paying class. To-
ledo, Wabash, and Western has advanced to 63, a rise of
6 within the week, and 13 within the mouth. This road
is now earning a dividend on its stock by the simple in-
crease of its traffic over last year. For the first week in
September its earnings were $113,466 against $84,375 the
same week last year, an increase of 33 per cent., and for
several weeks the exhibit has been nearly or quite as good.
The road is frightfully mortgaged, however. Fort Wayne
and Rock Island are also being absorbed by the invest-
ment demand, and the amount now held for speculation is
much less than last year. Chicago and Alton, and the
Michigan Southern also show a gain.
Reading is at a fraction above 90. The report of diffi-
culties with the coal miners is given in explanation of
the continued decline. New York Central sold
up to 127, but closed lower. It is said that
this stock is being withdrawn from the street. The
Times, which is decidedly in this interest, speaks vary
glowingly of its prospects: believes that all that was ex-
pected of the Vanderbilt management will be realized ;
that the present value of the road is 35 per cent. above
the amount of its stock (not a very wide margin, at 127),
and that it will earn net two millions this year more than
in 1867. Erie has advanced a fraction under a largely in-
creased demand. It is said that the amount taken on
English account, since its decline to 431, amounts to
150,000 shares, or one-third of the stock. The London
Economist, in view of this heavy importation, suggests the
formation of a protective association to look after the in-
terests of holders. Pacific Mail has steadily risen until it
has reached 1091. There is plenty of explanation offered
for this movement. The only question is, whether it is
correct. The general belief connects it with the Webb
opposition in some way —many regarding an accommoda-
tion as probable—others looking to see Mr Webb's enter-
prise crippled by the abandonment of the old Nicaragua
route. It is fully as likely to be a reaction from the exces-
sive depression of steamship stock five months ago. It is
believed that at the annual meeting in November a very
satisfactory statement will be made of the affairs of the
company. The once famous but long despised and ne-
glected Mariposa mining stock has manifested a surprising
degree of activity during the week, and has advanced 5
or 6 per cent. on the preferred, the number of shares sold
being very largo. The American Journal of Mining pub-
lishes a report upon the property, said to be by an eminent
geologist, in which ho takes the ground that it has been
unnecessarily depressed ; and that, particularly with
Chinese labour and the recent improvement in mining, it
can be worked to profit.

The import entries at Now York for the past week
amount to $4,227,255, against $4,583,556, same week last
year. The export clearances of domestic produce to
$3,074,642 against $1,789,050. The export of specie
$329,525 against $325,328. The gold value of importations
of foreign. merchandise at that port, since January 1, are
$179,472,214 against $191,784,658 for the same period in
1867 ; the currency value of exports of domestic produce
and miscellaneous goods $112,416,665 against $126,920,720;
the exports of specie $65,313,052 against $41,340,548 ; the
deliveries of California gold and silver $30,508,180
against $21,254,501. The increase in export is noticeable ;
with the great accumulation of grain and provisions at
the ports, and the rapid arrival of cotton, coastwise
and by rail, taken,
in connection with the uncommon
meekness of holders, this year, it is likely to continue
through the next two months and perhaps do some-
thing to restore trade to its proper balance. The export
of hay to England is unfortunately threatened by an order
forbidding its introduction into the kingdom without a
license from the Privy Council. This is on account of
the reports of our cattle plague. How much of au Qb-

stacle this will prove practically it is hard to say. AdviCes
from England remain unfavourable to the export of
cheese, though a few choice lots have been sent out during
the week. The export of petroleum since January 1 now
aggregates 67,921,296 gallons, against 41,949,820 in 1861.
The export demand for cotton remains dull, owing to the
complete derangement of the market. Prices broke first
at the Southern ports, and middling uplands have suffered
a decline of 3to 4 cents. a pound. The receipts thus far
are large for the season of the year, and the crop is being
hurried in as fast as possible, which helps to explain the
fall. It is a matter of regret that this crop should have
to be sacrificed as it was last year, and seems likely to be
this.

The general trade of the past week has been more satis-
factory. The West is feeling confident from the unek
ampled abundance of the crops, and the merchants along
the lake ports are forwarding very heavy orders to
New York. At the East trade is slower to revive, but
the increase in activity is still noticeable. In dry goods
at Now York a good business has been dono in all depart-
ments, and prices have held steady, except in domestic
sheetings and shirtings, which have suffered a decline ill
consequence of the fall in cotton. Woollen goods are
selling better, especally cassimeres and fine clo tkings, and
in foreign goods the transactions aro large and prices fully
maintained. In provisions there has been no marked
change, except that pork has advanced slightly upon 10
previous high figures, owing to a decided scarcity in the
supply. Breadstuffs aro dull, except for new wheat and
flour from it.

(From the Wall-street Journal.)
FRIDAY EVENING, Sept. 18,
Railroad Gold Bonds continuo active, with a strong de-

mand, both foreign and domestic, for Union Pacific, Cee"
teal Pacific and Rockford, Rock island and St. Louis, the
latter of which is looked on as extraordinarily cheap•"'
Mining Stocks are generally slow of sale, the transactions
being principally confined to Consolidated Gregory, Una'
tana, New York, Quartz Hill, and Smith and Parmelee•
Mariposa, however, continues activ, and the Preferred
Stock is firm at about $10.75. Petroleum Stocks are
steady, and a good business is doing in Buchanan Farms
and United States. Twenty Five Cents have been Paid
for Rynd Farm, but very little stock is on the market.
American Silver sells at 61 to 7 cents below the price
of Gold, and Mexican Dollars at 102 i to 103 in gold.

NEW YORK RITES OF EXCHANGE,
Sept. 18, 1868.
Sixty Days. Three DOI'
London Bankers - —lO9 1091-1091
London, Prime Commercial lOB- —loBf
Paris, Bankers
L ,A
...,_ 2 1

.
Bremen, Bankers
Hamburgh, Bankers 35/ —34
Frankfort, O.M 4oi-403
Berlin and Cologne
Antwerp 5.214-5. Ili
Amsterdam, Bankers
Swiss 5.24-5.17i
CLOSING PRICES.
PUBLIC FUNDS.

Sixes, 1868, registered — to
Sixes, 1868, coupon — to

,
Sixes 1881, coupon ll4 to 114}
U.S. 6s. Pacific Railroad — to
Five-twenties, 1862, coupon
Five-twenties, 1864, coupon
Five-twenties, 1865, coupon
Five-twenties, 1865, coupon, new
Five-twenties, 1867, coupon
Ten-forties, coupon lo9} to 109
Seven-thirties, 2d series
Seven-thirties, 3d series
Oregon War Loan, Sixes, 1881
U.S. 5-20 Coupons, 1868 llO to 110}
RAILROAD AND MISCELLANEOUS STOCKS.

Fort Wayne
Pacific Mail 110;
Atlantic Mail
Quicksilver
W. U. Telegraph
Mariposa Preferred
Ohio and Mississippi 29
Boston Water Power 1
Cumberland
061
Bankers and Brokers 1 .
St. Paul
S, P-- ' - 951

N. Y. Central 129
Erie
Hudson
Reading
Mich. South. &N. I B4l
Illinois Central
Cleveland & Pittsbrg BBl
North-West
North-West Preferred 90
Canton..
Rock Island
Cleveland and Toledo 100 k
Latest prices of Silver Min
San Francisco, dated Sept. 15
Gould and Curry
Savage ••• ••• •••
Chollar-Potosi
Ophir •.• •••
Hale and Narcross
Crown Point
Yellow Jacket
Belcher ••• • •••
Alpha
Kentuck
Bullion ••• ••• ••
Overman ...
Empire Mill
Imperial ...
Confidence ...
Amader ••• ••• ••
Exchequer
Quartz Hill ...
Lady Byron ...
Sierra Nevada...
Express Stocks have generally advauced. We quote
Adams ... 51i to
American 48i to ',ill
Merchants' Union, 35 per cent.... 24 to 246'
United States 48} to 44
Wells, Fargo, and Co. ... 27 to 21,

;t. 2aul Preferred ... -
Log Stocks, by telegram from
i, 1868:

892 per foot
... • ... 1,680 ~
". 141 ,
201
'
". 1,050 ',,
••• 920 ,
1,108 :
.. 128
960
305 „
". 10 ,
84 „
-. 115 ,
". 100 pr share
••• 35 ~

••• ... ,/

... ... ,1

(Front the New York Tribune, Sept. 19.)
Freights are again higher. To Liverpool, by steamer;
7,600 bush. wheat at 61d. The charters are a vessel 0'
5,000 bbls. Petroleum to Liverpool at ss. 44d., or to ii°e‘
don, ss. 2d. ; a German brig, to Hamburg direct, at ss. 63';
a German barque, direct to Antwerp, at Is. 3d. per b°%,'
and a vessel from Philadelphia, with about 4,500 bh,.
petroleum, to Antwerp, at 6s.
The transactions at the office of the Assistant Treasurer
were —Receipts for Customs, $375,000 ; for gold note;'
$36,000; total receipts, $1,943,903 82 ; total payrael
$1,890,086 91; balance, $90,219,102 46. It is said the rapid
advance of New York Central to 132 is due to the fact that
a meeting of the directors has been called for neat
Wednesday, to decide upon a distribution of the surplus. ft
is stated that it will be done by doubling the present caps'
tal and marking 50 paid up upon the certificates. The other
$5O will not be called at present, but will be paid as the
bonds mature, when they will be paid off with the pr''
ceeds. In Hudson River also, it is said, a similar dividend
will be made, and the 50 per cent. that remains Imps'a
used to pay off its bonds as they mature.
Tho San Francisco Market Report of the sth instant, re:
ceived overland, contains the following account of the
money market of that city :
Gold bars are in liberal supply at $BBO to $B9O ;
ver bars rule from par to I per cent. premium. ‘",.
quote currency bills on Atlantic cities at 41 to 42 Per
cent. premium on gold ; sight drafts, payable in coin, are
negotiated at } to 1 per cent. premium ; telegraphif
transfers are effected at 1} per cent. premium ; sterlitT
exchange, 48} to 49 ; commercial exchange, 494 to 495.
Mexican dollars have received a notable upward implll9°'
being quotable at Bto 9 per cont. premium. This is ds°
to the fact that the market has been completely striPP°l
of this coin by the recent shipments to China per 15"
steamer. The remittances of bullion and specie by the
steamer China amounted to $875,458, divided as f°'''
lows : Silver bars, $577,283 ; gold coin, $91,229'
gold bars, $103,597 ; gold dust; $5,130 ; Mexican tiol'
Lars, $97,518. It is notable that the only ship"
pers of gold bars and gold dust are our Chinese OW:
chants. The shipments of treasure from August Ito date
(exclusive of Government account) have been $3,755,53°
73. Total since January 1, 1868, $26,987,495 85; care'
sponding period of 1867, $29,527,324 46.

(From Messrs. Sattertlacaite's Circular.)
London, Sept. 311
The principal feature in the London market for Aror
rican Securities since our last has been the advance to
United States 10-40 Bonds and Illinois Central Shares.
This day week both of these securities were relative!'
lower here than in New York, but on an improved de;
mud, especially for Illinois Central Shares the price 11A
been put up until they have risen above American quote;
tions. United States 5-20 Bonds of 1862 close 73 to I, t 12,5
1865 issued 71} to f, and 10-40's, 67k 681. Erie She,"l.
were at one time dealt in as high as 331, but on loured
prices yesterdayand to-day, by telegram, they have react;m
to 31 to I. Illinois Shares are last quoted 95 to I. The 'a
have been numerous transactions in Atlantic O m
Great Western Consolidated Bonds, which leave off 39 ""
1, after having touched 40i.