The Sun.
London, England, 1842-08-25 00:00:00

AMERICANNEWS.

ARRIVAL of the GREAT WESTERN.
This splendid vessel arrived at Liverpool yes-
terday from New York, after a successful pas-
sage of less than thirteen days. Our Liverpool
Correspondent has not informed us why the
vessel arrived at Liverpool without touching at
Bristol, her usual place of destination. She left
New York on the 11th, bringing our usual file
of papers to that day inclusive, four days later
than Close brought by the British Queen, with
about severity passengers, among whom is a
messenger bearing dispatches from Lord ASH-
BURTON to the British Government. These dis-
patches are generally believed to be satisfactory
and conclusive as regards the principal matters
in dispute between this country and the United
States.

A Message from President TYLER was de-
hvared to the Senate on the 10th inst., in which
he rejects the Tariff Bill, passed by a small ma-
jority in the Senate a few days before. This is
the foUrth time he has exercised the veto within a
twelvemonth. This act had caused some excite-
ment at Washington and New York ; and seve-
ral of the Journals denounce, it as arbitrary in
the extreme—arbitrary, however, it cannot be,
as the power is fully conferred on him by the
Constitution. In order to prevent confusion, it
was generally believed that some provisional
Bill would be passed by the present Congress;
and if Congress should adjourn without passing
such a Bill, it was understood that the President
1"11d immediately issue his proclamation for
411 extra session in October. The " Treaty with
great Britain" was/to be laid before the Senate
°II the Bth inst., in an Executive Message. No
41:Prehension existed, in the United States, that
any impediment would occur to its prompt rati-
'cation by the Senate.
Ihe following are extracts from the'papers
THE TREATY.—The Madisonian of yesterday has
,Te following paragraph :—We understand, from au-
thentic sources, that one or more treaties were signed
4.„._'"18 day; at the. Department of State, by the Secre-
-77, of State and the British Minister Extraordinary.
" Veto " on the Tariff is as interesting to Great
Britain as it is to the United States, and will be
11 4"ed-there with as much satisfaction, as our Loco
1,
'3eo brethren feel for it here.
The submission of the Treaty, between the United.
'tales and Great: Britain, to the Senate is a very im-
portant item of news. There seems to be no organised
°PPosition in the country to this Treaty, though there
ate signs of discontent. It is worthy of remark that
tqinion in Maine seems to be willing to abide by the
reaty.
Not less interesting to Great Britain are our money
fairs just now. The probability is that our products
„,"
'Lllzt Soon bring her specie here in large quantities.
MONEY MATTERS.
(For the Great Western Steamer.)

a During the past week there has been great de-
' Yo Duringndency in our money market. The agitation of
Ve Tariff question, and the disagreement between the
"sident and the majority in Congress has caused
Feat
o regret throughout the large body of the people.
two
Much depends on the harmonious action of these
0 departments that any disagreement on the leading
h.
""e',-sures of the country is greatly to be deplored.
It is well known that the expenditures of the Go-
ernment greatly exceed the receipts under the Tariff
now in existence, and that the resources of the Trea-
t
11,1j7 are only to be relieved by an increased Tariff.
cl 5 measure, which has been so long discussed in
.7th branches, was, a few days since, adopted and
TA to the President for his sanction. Yesterday his
t 0 reached the city, 'and by this act the law is de-
fe
.zeuted. As Congress seem to be on the eve of an ad-
Atrnment, it is impossible to predict what the future
rition will be. The public mind is wrought up to a
ilgh pitch of excitement; and it is difficult to foresee
P(!t what it may settle.
tij The National Finances are in a most critical con-
A,s°n—with large demands on the Treasury, to de-
13' the expenses of the Army and Navy, there is a
Feat deficiency to be made up either by borrowing
by increasing the rates of duties. In the present
tt
t4harrassed position of the Treasury, the stock of the
Government
bearing six per cent. is not forced into
e Market ; it stands nominally 98 to 100 ; but at
the Present moment, if forced, would not command
• rate.
ar -Notwithstanding the Government and the States
linable to meet their engagements, money is
Ltertheless most abundant. All our Banks have
e amounts of unemployed capital—six months'
"'Per is readily taken at six per cent.
-,,, The crops of Grain, which are now in and secured,
thete never finer or more abundant. The prospect of
Cotton crop is most flattering. The land is
bMing with abundance ; and prices are low, almost
Yond former precedent. The article of Flour is
„f" coming in, and is selling for export to England
‘five and a half dollars
1.
-&11 State Securities there is no alteration of a flat-
ring character.
N▪
ew York State Stocks maintain their high credit,
• q Will, for the best of reasons—her debt:is compara-
4vely so small and her revenue so great that her in-
-5t is always sure to be laid. Six per cents. are
but 90, and Fives about 80.
t Ohio has not faltered in the slightest respect, but,
I: the contrar3r, the interest on her debt has always
en punctually met. Ohio Sixes and Fives, how-
ve
,hr, are lower.
Kentucky has but a very moderate debt, the interest
Which is paid as punctually as ever.
Illinois Stocks are at as low a point as they have'
ever touched, viz., 15 to 16 cents. on the dollar. Their
e not just now the slightest indication that the state
ve.,.r means to pay a dollar, principal or interest.
Ilitudiana Securities are a little better than those of
tb,!nhis, but there is not the slightest effort made by
-4 State to protect its honour or credit.
bound
banks in this State, which were
end to pay the interest six months ago, declared
at cotton was on the way to meet the interest. The
promise, however, has not been kept, and there is now
c',ussurance that one cent will be paid.
Mississippi Stock is regarded of so little value that
tt
tiiis not even quoted. The State has formally repu-
`4ted a large part of the debt, and declared their de-
termination not to pay it.
A.LinamA.—Fears begin to be entertained that the
t4terest of this State may not be met. Up to the pre-
4int. time it has been promptly paid by the banks of
ttle State ; but these banks have become greatly ein-
qtrassed and their bills are selling at their counters
th sixty per cent. premium for specie. The stock of
the State is selling in this market at sixty cents on
e
ENNsyLvAmA.—This rich and powerful State,
regardless of all honour and good faith, has failed to
Il
a.daY the interest on its debt, and refused to impose an
equate tax for its future payment. This has been
Severe blow to the credit of all public securities.
ctoaPitalists when they see this State, so rich in re-
tat: tees, refuse to regard her honour, doubt and hesi-
-e to the credit and faith of all the States.
Sterling bills, as well as bills on Paris, keep down,
theat least
former to 106 A-, and the latter to 5.371, which is
h:hst two per cent. in favour of this country. This
0,-,e is. caused by the very limited amount of goods
'tered from Europe.
doAt this particular season there is little or nothing
imolng for shipping. The last year's crop of cotton
417„ gone forward, and the new will not appear in any
"...ntity for two months to come. Three-fourths of
tsthie shipping that returned from Europe during
e Past two months, are wholly idle, and will be
until
the fall season commences.
(Correspondence of the Express.)
WASTUNGTON, AUGUST 9.—The President's veto
Iva-3 received in the House this morning between ten
and eleven o'clock. Its coming had been heralded
"41
„..holir before, but a curiosity and excitement accom-
• tluied its coming which far exceeded the reception
t either of the other vetoes.
The message was some thirty minutes upon the
table before its reading was called for, for the reason
that at the time of its reception the House was en-
ged in business that could not then be disposed of.
e morning business disposed of, the Chairman of
. he tCommittee of Ways and Means said that it was
24,Moured that an important message was upon the
‘4ole from the President of the United States. He
thevea that it be read. The motion prevailed, and
/no
message was read—a deep and pervading silence
Prevailing through the Hall. It was the silence of
~e rave while the mourners were listening to a
funeral oration—in this case pronounced against the
hopes of the Republic.
The message occupied some twenty-five minutes in
the reading, and the only interruption was at the
Close of the message, where the President says he
returns the Bill for re-consideration, and it may be
passed by a vote of two-thirds. This was regarded
as adding insult to injury, and it was received with a
Mingled sneer and laugh.
The reading having been gone through with, Mr.
rillmore rose and submitted the motion required by
the Constitution—that the Message be spread upon
the Journal, printed, and its consideration postponed
until to-morrow. The motion prevailed without
Much opposition.
(From the Portland Argus, 4th inst.)
„ TUE BOUNDARY TREATY.—We have already stated
that the treaty, so far as its terms are understood, is,
°n the whole, a good one for Maine, and we may add,
for
the .Union. We learn that in addition to the
equivalents already stated to have been given by the
'litisb) _Lord Ashburton pledges his Government to