The Sun.
London, England, 1842-02-04 00:00:00

LATEST FROM TEXAS.

We are indebted to the officers of the steamship Nep-
tune for Texas papers to the 24th inst. The Neptune,
we arc told, made the run from Galveston -to the nalize
in 27 hours—the shortest passage ever yet made.
The Neptune has been detained at Galveston for se-
veral days, in consequence of the North winds prevailing,
causing the Bars to be nearly dry, and stopping all in-
tercourse between Ilotmon nod Galveston.

The steamship New York had arrived at Galveston.
The Committee of the House of Representatives ap-
pointed to make examinations relative to- the Santa Fe
expedition, &c., reported that they had ascertained that
more than 400,060 del. had been expended, during the
last year, contrary to law; and this estimate did not in-
clude the value of the military stores, &c., furnished the
troops engaged in this expedition.

. „
The expenditures for the Staitat Fe expedition have amt
the sanction of any law that has ever been in esse :and
cannot be to \yell defended. The defence of-the Presi-
dent, made in his late message, shows the grounds upon
which he relies in this instance. A disposition prevails
among the Members to pass over this affair, as the Pre-
sident has gone eut of otlice, and his intentions are set
generally admitted to have been pure.
The customs will be collected in specie, and the 'dittet
taxes in the liabilities of the Government, as heretofore,
only the law relative to direct taxation will be so. meth-
lied as to relieve the citizen from the present oppressive
costs and double tax, in case he is unable to pay at. the
appointed time. President Houston recommends a posljey
similar to this. The Retrenchment Bill has to reddt.ed
the expenses of Government, that it is thought the 're-
venue from the customs will be sufncient to defray tall
the expenses of the civil departments.
libtwoomitautions for the new Cabinet are not ye4.,cle-
vulgod. It is rumoured that 1)r. Arson Jones will be
Secretary of State; Colonel Hoekley, Seeretary of War;
and K. L. Anderson, present Speaker of the ils.use of
Representatives, Secretary of the Treasury; and Judge
Terre], Attorney-General.
ACATON.—This worthless bandit, with about 18 or 20
ragged followers, is still on the Nueces, and the caravans
of.traders front the.. 140 (3,•ande are kept in constint
dread %%bile oa their:way to and from Boxer. 11;'!- is
connected nith a party of about 40 Mexican soldiers,-
ho rendezvous at "wed°. Twenty of them are cent,-
monly with him, and the remainderr st4oned in that
town. He, ho.e qe rally lies spies in Loredo and 13,:xar, or
at the Ranches below that city. There spios give him
notice whenever a party of trathirs are to left-ve,t4ther
town, and lie is thus enabled to.,attaeli them ut-his,lei-
sure.---N. O. Courier, Dec. 31. ,
-MONEY MAIWET.
f
MoNoity„TA.N. IJ, l' 31, We reeentif.mfii ame,f
the ftiet that the ls,lsls the Plantere rlitt,gleof
si ppi, issued:to the Uhi:cd 'Statei'litiok, were dishmtOtrred,
principal troll at the Uttited ';:;tates
York. Thee boud,: were made paytLble to tbe ord-r of
Richard Ahop, and by hint endorsed. The'iftt'S. 'tent,
under the el:dorsetne.J is now rcsisiA, b,,.-artwse t iii -
strument purports to be a sealed one.
In the Stock Market affairs 'are .very gloomy. 'and
prices at to-tiny. Delaware and_litalson,44;per
cent, ;
.ppr Cents., d; Bunk of Commerearip,
2 per cent. ; Harlem, 41- ; Mohawk R. R., 2 perk ilt. ;
Canton, it; sales of hills on Philadelphia, 4.1 a Si; 4161ti-
more, 4; Mobile, 17 ; New Orleans, 10. Arither,iikri-
lice of the State credit was made at auction to-daytd feed
that vampyre, the Erie Railroad, in the shape of 100,000
&is., 6 per Cent. Stocks. The effect of these repeatedly
forced sales may be seen in the fact that New York State
6 per Cents., redeemable next June, were sold at the
Board at 96, which is equal to 14 per cent. per annum
on the investment.

The Delaware and Raritan Canal and Camden and
Amboy Railroad Transportation Company have de-
clared a dividend of three per cent. for the last six
months, payable on the 15th inst. The Paterson and
Mason Railroad Company have this day declared adivi-
dend of two and- a huff per cent, payable on the 20th
inst. The Connecticut River Banking Company has de-
clared a dividend of three per cent. for the last . six
months, payable on the 10th inst. The Connecticut
River Company has declared a dividend of two dollars
and fifty cents., payable on the 10th inst. Bela Latham,
Wm. Cumin), and E. W. Hubbard, have been appointed
Bank' Commissioners for the State of Ohio.

The bank of Columbus, Ceo., has withdrawn from the
list-of suspended institutions, and has resumes specie
payments—a creditable move, and one which we trust
will be extensively followed.
The Farmers' Bank of Orleans, a free bank, having
failed, the Comptroller has issued a notice to that effect.
We have received thu Message of the Governor of
Kentucky. It is mostly occupied with financial matters,
and commences with long, futile, and oft-repeated argu-
ments in favour of a National Bank, and in consonance
with such views, it as his opinion that the banks
of Kentucky shoul'd take their nee of honesty from other
States, and not be compelled to resume until they think
proper, remarking as follows
" The conseque 'ices which would follow from compul-
sive resumption against our banks, without concurrent
resumption on the part of some of the other States, with
which we stand most intimately connected in trade, are
considerations which doubtless will be duly weighed by
-the General Assembly. I apprehend the immediate et-
fkTt would be to aggravate, if not greatly to increase,
the existing-pressure upon the country. The banks, it
is true, judging foul a report of their means, may be,
and I believe are, entirely able to sustain- thiselres ire
.specie payine2ds.; but in this process, unaided and misup-
ported by any of the banks of the neighbouring Sides,
Whether our specie would not immediately .flow .out 'of
the State—whether sudden contractions would; noomces-
saeily follow—whether the,henks Woad hp4n.itiocondi-
tion to furniA any accomunoSationosoor fttcillithii*Ao the
commerce of the .State, &e.'-r: , !,d..1 eLua
Afair:thisi specimkn.of'matfatity balapplitialii;tjacnis-
tribution Act. In relation to the rawtyacilliA3llll,4,fiaud,
'ibe,:temerks as-fellows s tiitcirti vilmws •
• (!Should the Courts decide thatithe,Aarik.orXontlicky
is liable for OW-consideration:T.4U AV-1114
cotes; with interest, - those certificates..M ilh bet -.‘v,:irth
greatly 'more titan the original shirr s, inasmuch the
genuine stock must contribute to pay them;. but should
the Courts make a c,ntrary dscisivn, the- holders of the
spurious stock will lose all, mless they are enabled. to
extract something from the Schuylkill Bank."
The funded debt of the'State is as follows :
Bonds issu4 at a per cent. interest $515,00Q.
Ditto 6 ditto 9,886;500

Total $3,401.,500
The revenue of the State fir ninny years had been
deficient, until last year, when an additional tax of 5
cents on every 100 dol. was laid, which yields sufficient
to pay all the debts of the State, and leave a surplus of
28,345 dol. •
SALES AT THE STOCK EXCHANGE, Jaw. 10.
,115,000 N. Y. 6 P. Ct., July, 184
5,000 N. Y. 5 per Cont., 1846'
4,000 Ohio G's, !S6O
4,000 Illinois Bonds
1,000 Indiana Bonds ... .........
55 Shares Mechanics Bank
25 Ditto Delaware and Hudson
25 Bank of Commerce ....
200 Ditto
lb Amer. Ex. Bank
50 Mechanics' Banking Ass
25 Ohio Lite and Trust
100 Long Island Rank
250 Patersan Railroad
10 Stonington Railroad
5 Auburn and Rochester .

65
951-

s6O 66
60i

s3O 50
.s 60 52
suw 51ii

19
b 30 68104

60 Canton Co
25 Rlohawk It. R. .....
610 Harlem Railroad
SECOND 110Alf1D.
87
$3,000 State s's, 1347 .;
10 Itik
2,000 Illinois Bonds10
100 Delaware and 11u3son ........ 84

20 Shares ...................................
50 Ditto ........................•" ............. ..... s 10

was well know
A MISER'S eONSOLATION.—Sir John Cutler
°az:tiled:a that Provi-
dence as a eOn.p:ete
onituTlaeleira—srybl
„ that be had but onarleill:::
to fall on the 19th I,l,ifinytibeeruualiraytr,,,f.a.viuur,:nectaeurwss,inagasnliddistisneaotlal.edr;
day to keep in four years.
leologeous
erpbl. The mast is •
sunßk aboutYE.— fouOrliiiiille2srsioduatt.
sibla at low water. Two 0,41. some of tile
James, of aestirnegn Licked i
tuhPeolas.f crew,
h(..ritti is t ri to be the
feared,
An attempt has been made to get
Brighton. Gazette. I), without 9.4eet

41