The Sun.
London, England, 1868-02-29 00:00:00

MISCELLANEOUS NEWS.

From the Anglo-American Times.)
So long as direct intelligence on the progress of
impeachment is withheld, we must judge of the
course of events by the price of gold. Last Satur-
day, when the resolution for Mr. Johnson's impeach-
ment was introduced, the price stood at 143+ ; on
Thursday it had fallen 2 per cent., being quoted at
1411. It will often be found that the anticipation
of an event injurious to the public inteerest has a
more disastrous effect on the funds than the realiza-
tion of that event, as the tendency of imagination
is to exaggerate the danger.

The news by the cable, to which we have not
elsewhere alluded, is to the effect that President
Johnson has nominated General M'Clellan as Minis-
ter to Great Britain. The Indiana Republican
Convention has passed resolutions in favour of the
nomination of General Grant for the Presidency
and the payment of the 5-20 Bonds in currency. The
Peterhoff prize case has been finally settled in the
United States District Court, and the moneys paid
over to the English claimants' agent. Washington's
birthday was observed as a holiday throughout the
States. $500,000 in specie were shipped on board
the steamers that left for Europe on the 25th.
Messrs. Neill Brothers report on the 23d that the
week's receipts of cotton at all United States ports
have been 95,000 bales, and since Ist September
1,559,000 bales. The week's exports to Great Bri-
tain are 49,000 bales, and since Ist September
615,000 bales. The week's exports to France are
9'ooo bales, and since Ist September 149,000 bales.
The week's exports to other foreign ports are 8,000
bales, and since Ist September 153,000 bales. The
total exports for the week are 66,000 bales, and
since Ist September 947,000 bales. Stocks at all
ports 370,000 bales.
The Judiciary Committee of the Senate has re-
ported, advising that the simple majority of the
vote shall decide all elections under the Recon-
struction Act. This would have been more effec-
tive before the defeat of the Alabama Convention,
but now it is like locking the stable door after the
steed has been stolen. Also a bill declaring that
the jurisdiction of the national civil courts does not
extend to political questions.
We learn by the Java, which brings news to the
19th inst., that the Senate has passed a bill gradu-
ally to reduce the army. Mr. Sumner presented a
memorial from Boston, praying the abolition of the
Presidency. The House voted $50,000 for the re-
lief of American citizens imprisoned in foreign
countries, and subsequently discharged. It has
also passed a bill authorizing the surrender of foreign
convicts who escape from justice and seek an asy-
lum in the United States.
The Tennessee Conservative Convention has
adopted a resolution, recommending the nomina-
tion of Mr. Johnson for the Presidency. The
Ohio Senate, by a strict party vote, has passed
a resolution in favour of the Reconstruction laws.
A Democratic mass meeting, to endorse the policy
of President Johnson, was held at New Orleans on
Saturday. Democratic clubs are being organized
i❑ Georgia. The Kentucky Legislature have elected
Mr. Thomas M'Creery, Democrat, as the Senator
to succeed Mr. Guthrie.
Mr. Seward has issued a Circular advising all
American citizens visiting Great Britain and Ire-
land during the suspension of the Habeas Corpus
in Ireland to procure passports from the State De-
partment.

The Arkansas Convention has adjourned sine die
after completing and adopting the new Constitu-
tion by a vote of 45 to 1. It provides for a Legis-
lature of 20 Senators and 80 Representatives, the
election of executive officers every four years, and