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

THE SUN, LONDON, SATURDAY EVENING, AUGUST 29, 1868.

WOMAN'S PLACE 1N NATURE.

The British Association at Norwich, in its
zeal for the improvement of " Economic
Science," has undertaken to determine anew
woman's place in nature. This attempt was
made by Miss Becker, in a lecture on the
" Supposed Difference in the Minds of Men
and Women." To treat the place which woman
occupies in nature as a subject appertaining
to the department of Economic Science and
Statistics is a fallacy, for this subject belongs
to a higher order, and refers to the end for
which both men and women were created. In

the order of nature there is not similarity but
difference ; • between men and women this
difference is not accidental, but essential ; it is
rooted in the nature, physical, moral, and in-
tellectual, of the two sexes. This radical dif-
ference affects in every way the relations be-
tween men and women, and forms their highest
bond of union. It is not a question, as Miss
Becker supposes, of equality or inequality, but
of co-ordination. If both sexes were, as the
lecturer contends, in all but physical respects
not only equal but similar, this necessary co-
ordination, which is visible in the whole
scheme of nature, would he interrupted, and
rivalry and confusion would tak-e the place of
sympathy and order. The moral and intellec-
tual, as well as physical, difference between
men and women is the source of mutual attrac-

tion ; perfect similarity repels, but common
observation teaches how variety attracts.

If the object of the creation Of the two sexes
be to render them helpmates to each other, the
one to supply what is wanting in the other,
it is impossible to conceive how this end could
have been better carried out than by the crea-
tion in each of qualities, capacities, and powers
equal in force, but differeat in kind. The
moral and intellectual qualities of woman, in-
asmuch as they differ from those of men, not
only exhibit the pleasing variety which is
the characteristic charm of nature, but con-
joined with those of a different kind, natural

to man, produce as their joint result the per-
fect man.
__ _

For woman to remove, even were it possible,
. . .

the moral and intellectual differencei which,
as the universal sense of mankind attests, dis-

tinguish her, would be to destroy the beauty
of variety, to disturb the harmony of order and
to lessen, by the withdrawal of sympathetic
co-operation, the beneficial results now spring-
ing from the union of the various qualities of
the two sexes. The truer woman is to her
nature the greater is her power. How great
her power is, how subtle and mysterious her
influence in the formation of character, how
deep the reverence and love she inspires in
her highest quality as mother there is not a
man living, who is not utterly worthless and
reprobate, that does not bear grateful testi-
mony.
To attain to perfect moral and intellectual
similarity with man, at the sacrifice of her
womanly qualities, would be to destroy her
peculiar influence and to lose the hold she now
has upon the world. Her. chief charm, too,
would be lost. Schiller truly expresses what
every man feels—
Des Weibes grOiste Zierde ist die Weiblichkeit.
Woman's chief charm is womanliness.

The British Association at Norwich is not
competent to settle by lectures delivered in
the section devoted to " Economic Science
and Statistics," the place woman ought to
occupy in nature. We prefer to leave to
the natural instincts of woman rather than
to the discrimination of a Scientific Society
the choice of her place in the Christian world.
We feel certain that she will never sacrifice the
power .she now exercises over the minds of
men, the hold she has on their hearts, for the
sake of attaining to a moral and intellectual
similarity with them. It is nobler far and
truer to her nature, as exhibited since the be-
ginning of time, to reign in her peculiar way
than to enter into a contentious rivalry.
Under the Christian dispensation, in the
meantime, we must never forget how noble
and glorious is the task imposed upon woman.
To her is confided the care of the Christian
family, her highest duty to bring up children
as the co-heirs of Christ,to set them a bright
example of faith and fortitude ; in life and in
death to teach them, by acts more even than
by precept, perfect obedience to the will of
God ; and when a Christian mother has ful-
filled in constant fidelity the charge entrusted
by God to her keeping, what reverence and
love does not her name inspire on earth, and
what a crown of glory may she not expect in
Heaven!—TVestntinster Gazette.

MISCELLANEOUS NEWS.

(From 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 azmiety is
felt for the peace of the South, where large and
enthusiastic meetings have taken place, 1. ,oth of Re-
publicans and Democrats. Several of the Go-
vernors have applied to the Secretary cif War for
arms for the militia, which he has ref usedl to furnish
until Congress shall have legislated mo re 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 demon stration took
place, while many negroes attended those of the
Democrats in North and South Caro- dna.

The Russia brings further into Iligence from
Hayti, which had appeared in :the New York
papers. Salnave had imprisoned fir Prussian con-
sul, and also threatmed 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 prorose 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. Ilis
family had been captured by the Caeca rebels.
The feeling in :Nova Scotia 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-
niivion 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. Consideringthat ADAM
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.
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 volunteer 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
chooses,
t o
andrm theyai id
will equip as many regiments as he
probably be made up mostly
a
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, will support the Seymour-Blair ticket,
together with two or more of his Cabinet ; but
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 th►e national
existence, binding irrevocably the good faith of the
people. Its inviolable obligation had been recog-
nized by the adoption of the Fourtsenth Amend-
ment to the Constitution. "The debt contracted
must be paid, and paid in perfect good 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
Ileading clergymen and laymen. - The Rev. Chancy
Langdon was appointed secretary, and sent to Italy
to collect information, accompanied by Mr, Goodrich,

A pamphlet has just been published by George
Herbert, Dublin, giving the result of their
investigations, which are in the highest degree
encouraging to the prosecution of Church Refortna-
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. Hill,
the Bishop of Meath, the Deans of Canterbury,
Chester, and Cork (with the Bishop of Gibraltar as
president).
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 empirea bright future, notwithstanding
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."

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 mar%
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 assembled in Dryades-street ready
for service within half an hour. The Democrats say
that Governor \Yarmouth 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 Caddo 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 propse to keep
dawn coloured men, they threaten the Legislature,
and they deign 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 excite:nent,
when 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 p)werless 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.

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.
General Butler has given his constituents at
Gloucester, Massachusetts, the benefit of a long
address. According 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 Batler 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. Bradley 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 defen 1 the man who aided
Booth to murder Mr. Lincoln. He has turned over
a new leaf regarding 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. Bat 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-A,djutant-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-o-the one

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 Radical 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, reproduced 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 fl ig, wide!)
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 lie 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 R tdical and to employ no freedmen
who could not sho iv that they were members of a
Democratic association ; and Wade Hampton, ac-
cording to some accounts, has endorsed this.

A telegram from Berlin last Wednesiay 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 advoc ttes 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 in
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 better. What is elasticity?
There are two elements, but the one which these 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. Coming 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 Triune 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 gentleman 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 themselves. 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
lets 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.
Our twelve hundred millions, with interest ruling at no
more than 3 to 5 par 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 time." There's elasticity
for you—that is complete adaptation to the wants of com-
merce. What difference does it make—except that the
latter is clumsy and ineffectual—whether trade be left t
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
be called in to adjust the volume of the currency to the
s aeon and the condition of the market, and to provide
that in Ootober there shall bo 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 isie 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.

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
cent., and discounts from 6 to 7, very fair paper being
offered at 7} to 8. New York funds are heavy at a slight
discount. As for some months past, money at Bosto a 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 cont. 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 84,000,000 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
malket is easy at 10 per cont., with little doing in 'Eastern
exchange. At Cincinnati the demand fur money is im-
proving, tut 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 /9 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 1}
to 4 for anything second-class. Loans aro 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 cont.
a month in bank and 10 to 12 par 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 b 3 maintained, and accord-
ingly, on Friday, at the close, it was off 2 per cont.; on
Saturday a little better; on Monday down to 1161 to 4; on
Tuesday a fraction lower; on Wednesday it rose to 1474,
and closed for the week at 147 i. 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 145 k for a moment, and imme-
diately rebounded. The boldest op3rators covered their
shorts at that figure and at 1464, and the bears bought
freely—the strongest testimony possible to conviction of
the community that the rise in gold is genuine and per-
manent.

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 feature 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.) These 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, clearly
expressed as payable in gold, would be preferred to the oh)
bonds with the uncertainty which has been attached to
them by the unprincipled efforts of our demagogues. It is
pet fectly unreasonable, of course, that five per cent. bonds
should be so nearly ou an equality with six per cents
and shows the discredit which has been brought upon om
national credit by the agitation of the bond question. It
is shameful Mat 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 lavourable as could
be 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 decrease in those
Darin currency interest, indicating the WA extinguish-

ment of the groat 7-30 loan, which "ran out " 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 duo 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 boar the stocks. The pres •ut 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, time most marke I experience of the
week has been the fall in the boot market, which has
been almost unprecodentel Many of the large
dealers have been caught with heavy stocks on their
han is. 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 continuo to be weak and depressed. Of
the dry goods market the New York Independent says :--
" Thefirst 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 good,
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 pest, transcends in
importance all other industrial features of the time. The
loading 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 passos for Dr. Harris's " malignant typhus." Plt
the concurrence of deaths in such unusual numbers al
Albany, 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 contagiong
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
Matured debt not presented for pay-
ment 18,099,175 44:'
Debt bearing no interest 410,302,891 37e.
Pacific Railroad Bonds 32,210,000
_ _.---

Total 52,633,588,756 81. e•
The cash in the Treasury amounted to $110,054,276 140-1
of which $83,409,917 93c. was coin, the rest being Cur:
ency. The total debt increased $1e,164,809 since the 16'd
of June. Of this increase of debt $6,308,000 is due t°
bonds issued to the Union Pacific Railroad, which sr°
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 and Shares in New York : -Arneri3s3
gold 147 to 1171, Uuited Stites conon sixes (1881) 11*
United States Five-twenties (1862) 1141 (1831) 110th
(1865) 11.24, (1865, new) 109 to 1091, (1867) 109 to 1091-,
(1868) 109 to 104, United Stateslo-10's 109+, Virgiat
56, Missouri Sixes 93, Tennessee 6's 61 to 611, North Calf"
liva Sixes 73 to 711 New York Central Railroad 12A,
Erie 57+, Erie Preferred 70 to 70+, Hudson River 130 t°
137, Harlem 123 to 124, R'ading 91 to 914, Milwaukee'
and St. Paul 711 to 741 Milwaukee and St. Paul Pre-
ferred 82 to 821, Toledo, Wabash, and Western, 501 to
51, Toledo, Wabash, and Westin), 71 to 72, Miehiga
Central 120 to 121, Michigan Southern and N0rt13002,,
Indiana 851, Illinois Central 148+ to 149, Cleveland and
Pittsburg 87 to 87+, Cleveland and Toledo 100 to 1041
Chicago, Rock Island, and Pacific 111+ to 111+, Chi'
and North-western 82+, Chicago and North-wester-
Preferred 82f, Hartford and Erie 22 to 23, Adams
press Company 52 to 52f, Merchants' Union 24 to
Western Union Telegraph Company 33+, Pacific :Nit
Steamship Company 1021, Cumberland Coal CoruPanJ
Preferred 30 to 33, Canton 461 to 47, Quicksilver 211, "-

ton Water Power Company IGi to 161-.
At Hartford, City National Bank 107, AMOrienn I'ls'
tional 1101, City Insurance Company 129, New York 32,
New Haven Railroad 1451, Adams Express Compaq
United States 44.

(From Messrs. Satterthwaite's Circular.)
26.
London, Aug.
In the London market for American Securities the °in
noteworthy change during the past week has heenost
Erie Shares, in which the fluctuations have been 111%13
entirely regulated by the daily telegraphic quotatTo,
from New York. The lowest officially recorded trb'
action on the 21st was at 30, but from this there has nor-
a reaction to 321 to 33, with an apparently healthier
ket than for "on-ie time past. rniert
Illinois Central Shares, at 914 to 92+, are slightly iterty
but Uhited States Government Bonds show no 3'1,00
tion, the 5-20's of 1862 closing 711 to the 1865 issi,4ep-
to 1, and the five per cent. 10-40's 66 to -I, ex the '.:tieS
tember4 coupon. Atlantic and Great Western 5004
are without change.

•
[ADVERTISENMY.]—Henceorth no one will doubt the csTpljte:
properties of .Du Barry's health-restoring Revalenta Ar,siitgs
Invalids' and Infants' Food, since to the thousands of blef Doe
it has already received from Invalids whose position bad pope'
deemed hopeless, we may now add that of his Holiness the rs of
whose health has been perfectly restored by it after thirty yet (10
unsuccessful medical treatment. We quote from the " Gaze
doll
" Midi July 25th :—" Rome, July 21,1566. - The health of the ':ror
Fatheris excellent, especially since, abandoning all other 70,0
dies, he has confined himself entirely to Du Barry's Rev rocA
Arabica Food, of which he consumes a plateful at everf,,h
It has produced a surprisingly beneficial effect on his how,'tiV
his Holiness cannot praise this excellent food too highly
21, 16 49`
extract a few out of more than 68,000 cures :—Cure No. 58
the Marehieness de Brehan, of seven years' liver ceree
wasting away, debility, nervousness, with a nervous PedPojowst
all over, bad digestion, constant sleeplessness, and thStuart ""
tolerable nervous agitation. Cure No. 1.771: Lord Sue,,O.
Decies, Lord-Lieutenant of Waterford, of many years' d31,),,1101
No. 49,332: " Fifty years' indescribable agony frona
nervousness; asthma, cough, constipation, flatulenc%!6: iJ3
sickness, and vomiting —Maria Joly." Cure No. 46,-41, Dog'
James Roberts, of Frimley, Surrey, of 30 years' diseasesu jolty:
spitting of blood, liver derangement, and pariial deafneo''re tb
portant Caution—Beware of the many unsavoury and in vela
sloppy imitations to which, without authority, Baron
•
name is most audaciously attached. 11s
n A
In tins, at ls. 11d.; 1 lb., 2s. 9d.; 2 lbs., 4s. 6d.; - A013 At
12 lbs , 22s ; 241bs ,40s.—Also Du BARRY'S REVALENTA, cu p!
CHOCOLATE POWDER is packed in tin canisters; For
ag
25., foD 24 cups at 3s. 6d., for 48 cups at 68., for 288 cein: he ipt
for 576 cups at 555. Being about one penny per Cul,- 00,4
and 555. tins are sent free of carriage in England e."' NO.
of Post Office Orden—BAßßY DU BARRY and CO
Regent-street, London; and all Grocers and Chetalist

Births. 0,0 OP
COURAGE—On the 27th inst., at Penibury, 'Colt? "
of E. Courage, Esq., of a son. JW
STEELE— On the 27th inst., at 11, Ormonde-terra;
gent's-park, the wife of R. S. Steele, of the lane"
ple, Esq., barrister-at-law, of a daughter. wife A
WALLACE—On the 26th inst., at Southampton, the n
Major R. R. Wallace, Bombay Staff Corps, of n
Marriages. 01,11.1
BECKETT—ROBINSON —On the 26th inst., at tbn P„ to
church, Lewisham, Henry John Beckett, Wr
of 141701)itt"
Emma Ann, youngest daughter of the late T. *
son, of Greenwich.
WELLS—ROWLANDS—At St. Peter's Church,
Charles IL Wells, Esq., only of Captain • e,con
Penally and Tenby, embrolessolnlire, to NiuTe',;l
sr-
daughter of James Rowlands, Esq., F.8.C.,•7
marthen.

BAY—On the 26th inst ,Daet asthhesphar(l,....t
h, miajleSelf'
b laS
Daniel Bas, aged 91.. of
JOHNSON—On the 234 inst., Thomas Johnson, V€VO.•
Tamworth House, Buruage, and Queen's gotol,
chester, aged GO. how Pl-
LORKIN- On the 9th Jan., at Taupeka, Otago' Jo
b°
land, George Robert, the younger On of the
Lorkin, Esq., Deputy of Aldersgate Ward. i, George
MANNEns—On the 26th inst. at Cileltollllaal, Cap-
~
Marine-
.s, late 13th Light Dragoons, aged 7L voresf-
.MATsoN - On the 27th inst., at Dartmouth Lodge, -`
hill, Kent, George Matson, Esq., aged 3.
London : Printed and Published by WI.LLIA.3/ A 14,,, 11',
of No. 112, Strand, Printer, at Tam SON 0101, '.lO- ty 0'
Strand, in the Precinct of the Savoy, in tixo (/2
laddlesoz.—SatnrdAy, Anntit 29, 1868,
_ _