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

pay for the timber, stopped by the various hooms, on
the waters of the St. John.

We have entered heartily into the work of bringing
about an honourable settlement of this long-pending
and vexatious question, from the time it was known
the Legislature would be called together to appoint
Commissioners or otherwise act in the premises, to
this moment. So far as we are able to judge, Maine
would be much better off under the present arrange
ment than with the award of the Dutch King, dr even
the line of 1783. We consider the acknowledgment
of our right to the whole territory, and yielding the
free navigation •of the St. John, and the free trade in
the products of the fine forests of its tributaries, and
the agricultural products of their rich valleys, as a
fair equivalent for the jurisdiction surrendered. There
is no business man that would hesitate a momat to
make the trade for himself.

i PHILADELPHIA. AUG. 10, P.M.—There was no sale
to-day at the Brokers' board in consequence of the
death of one of the oldest members of the board,
Brittain White, Esq.
The slave who surrendered himself yesterday to
the city authorities, in order to get permission to go
back to her master from whom she absconded several
years ago," has proved a poser to the abolitionists; she
still prefers to be a slave.
I have' nothing in the way of domestic intelligence
to communicate. We had a tremendous shower this
afternoon, accompanied with heavy peals of thunder
I have heard of no damage however as yet.
NEW YORK MONEY' MARKET, AUG. 11.
At two' o'clock yesterday the veto of the President
was announced on Exchange. It made quite a sensa-
tion, though the letters, one and all, from Washing-
ton had predicted it would be sent to Congress. The
public were not disappointed*at receiving it. Still the
fact that it was really received excited universal ex-
citement in Wall-street. By the large body of mer-
chants the act was condemned, though a very con-
siderable number of merchants, opposed to high tariff
and in favour of free trade, exulted in the course taken
by the President.
This veto is one of much greater importance than
any other that has ever emanated from any chief
Magistrate. Its effects, unless a wise and discreet
course should be adopted in Congress, will be of vast
import to the nation at large.
The condition the country is in at the present crisis
is most appalling. The President states that
On the sth of August (Friday last) there Dols.
_ _

- -
was in Treasury, in round numbers ... . 2,150,000
Necessary to be retained to . _

meet trust funds dots. 360,000
Interest on public debt due in Oct. 80,000
To redeem Treasury notes and pay '
interest lOO,OOO
Land distribution, under the-Act of
the 4th of Sept. 1841

1,180,000

Leaving an available amount of " 970,000
The navy department had drawn requisitions on
the Treasury, at that time, to meet debts actually due;
among which are bills under protest for 1,414,000
dols., thus leaving an annual deficit of 444,000 dols.
" There was on hand about 100,000 dols. of unis••
sued treasury notes, assisted by the accruing revenue
amounting to about 150,000 dols. per week, exclusive
of receipts on unpaid bonds, to meet requisitions for
the army, and the demands of the civil list."
In this view of the case the Treasury is bankrupt
to all intents and purposes. The President adds—
" Let it also be remarked that 5,000,000 dols. of
the public debt becoines redeemable in about two
years and a half, which, at any sacrifice, must be met,
while the Treasury is always liable to demands for
the payment of outstanding Treasury notes. Such is
the gloomy picture which our financial department
now presents, and which calls for the exercise of a
rigid economy in the public expenditures, and the
rendering available all the means within the control
of the Government. I most respectfully submit,
whether this is a time to give away the proceeds of
the land sales, when the public lands constitute a fund
which, of all others, may he made most useful in sus-
taining the public credit." ...w -
A more gloomy picture has never been. presented
since the late war. It will be utterly.impossible, for
the Government to negotiate a dollar of the remaining
portion of the twelve millions loan, in the present
condition of affairs. Indeed, we do not believe that
the Six per Cent. Stock of the United States if forced
into the market to-morrow, would be taken at 95 per
cent. ; but if this tariff had been passed into a law,
there is no manner of doubt that the stock of the Go-
vernment would have been readily taken at par.
With an emty Treasury, however—with appro-
priations greatly beyond the ability of the Govern-
ment to meet—with large claims unsatisfied—how is
it possible that capitalists will repose confidence in
either the ability or the disposition of the Government
to meet their interest. If the sacred obligations of
the various departments to discharge the debts due to
sustain the army and navy are to remain unpaid, what
confidence can there be that other claims on the pub-
lic will be met ?

We repeat, then, that the present is a most im-
portant crisis in our affairs, and one that requires the
soundest heads and hearts to avert it. If Congress
separate without passing a tariff, borrowing can no
longer be resorted to. The credit of the Government
is in a great degree gone. Neither
-the army nor,
navy tan be sustained. Dishonour ancldisaea'must
attend almost every transaction of tb-e"Gevernment,
and this will be a calamity that can hardly be cal-
culated.

The rate of exchange on Mobile is getting worse
again.
THE CROPS.—AII accounts from the interior repre-
sent the crops as unusually promising. The wheat
crop much exceeds an average, and that of corn will
be prodigious. The cotton so far presents a fine ap-
pearance, and has had much fewer of the usual casual-
ties to encoui?ter than ordinary. It had become so
common to hear complaints from the country of bad
prospects, that it is really refreshing to pass a season
thus far, without hearing them. We hope the re-
mainder of the season may prove equally propitious.
Portions of the country are represented as somewhat
sickly, and, among' others, "the village of Marion but
from the papers of that place we are happy to learn
that the report, as applied to Marion or its vicinity, is
entirely without foundation.—Mobile Journal of Com-
merce.

SALES AT THE STOCK EXCHANGE, AUGUST 10.
4,000 dols. State 6's, 1862

•
3,700 do. State 6's, 1845

2,500 do. Ohio 6's, 1850
5,000 do. Illinois Bonds b6O 171

2,000 Indiana Bonds s2O 21
50 Shares Harlem R. R blO 154
25 do. Delaware and Hudson t w 85
25 do. Farmers' Loan n w 16
25 do. Stonington Railroad s6o 17
25 do. Mohawk Railroad
100 do. Bank of Commerce Scrip cash 90
10 do. Merchants' Exchange Bank
SALES AT THE SECOND BOARD.

100 Shares Haarlem Railroad
100 do. Long Island Railroad ..b 60 50
10 do. Mohawk 3B
Sales moderate but no change in prices.
PASSENGERS BY THE GREAT WESTERN.
Captain Paxton, 69th Regiment, B.A. ; W. Bent,
New York ; Robert Heath, New Orleans ; Miss
Heath, do. ; Charles Urquhart, do. ; V. B. Wald-
ridge, New York.; Gee Urquhart, New Orleans;
Mons. De St. Paul, Paris ; Loray Dechausnot, do. ;
Samson Ricardo, London ; F. Ricardo and servant,
do. ; Charles Ponza, do. ; M. B. Sampson, New York ;
M. Travers, Montreal ; Jesse Bowman, Pennsylva-
nia ; Osmia Rigourdon, New York ; J. Keith, Edin-
burgh ; Lucien Esher, Paris ; Mad. Tiermont, three
children and servant, Paris.; William Davison, New
York ; Mrs. Cruit and child, Washington, D.C. ; Mrs.
Kervarth, do.; B. Levi, Liverpool; R. G. Ramsden, do.
S. Thomas, Canada; M. M. Thompson, New Orleans;
Mons. De Baconet, Envoy Extraordinary and Mi-
nister Plenipotentiary from the Court of St. Cloud, at
Washington, and servant; John Nicholson, New
York ; William Nicholson, do. ; Alfred Waller, do ;
M. Calhoun, lady, two children, and servant, Alabama;
Miss Lewis, Alabama ; Miss Calhoun, Philadelphia ;
Andrew Maris, London ; James NPlienry, Phila-
delphia ; John B. Wenklyn, England ; Lieut.- Col.
Barlow, 14th Regt. B. A., Airs. Barlow, two children,
and servant, England ; A. Bettridge and lady, Eng-
land ; Rev. Charles Constantine Pise, D.D., New
York ; T. B. Sands, England ; Mr. Fielding and
servant, England; Ralph Lockwood, New York;
William Wilson Smith, New York ; Thomas Connate,
Liverpool; Capt. Wright, B. A., bearer of dispatches
from Lord Ashburton ; Alexander Knox, jun. and
lady, New York ; G. Ralston, Philadelphia • Charles
Gerard, Paris ; Mr. Davidson, England ; Mr. Dum-
mett, Alexander Coulson, Newark.

JOURNEYS IN BALOCHISTAN, AFGHANISTAN, &C.—
Mr. Masson's travels in these regions of Asia,
are now published. The name of this enterpris-
ing, unwearied, and undaunted explorer is well
known, and highly estimated in the East, where
his statements and opinions are cited •as indis-
putable authority. So ardent was his desire to make
himself thoroughly, acquainted with the most unfre-
quented.parts of Asia, that he travelled on foot over vast
tracts of country, meeting with adventures, perils, and
sufferings that would have shaken the firmness of the
majority of men. Mr. Masson was many years en-
gaged in his arduous researches, and resided a long
time at the Court of Dost Mahcmmed, in Kabul. His
communications relative to that chieftain are very ample,
and of the highest interest and importance.
SURREY ZOOLOGICAL GARDENS.—We are happy
to hear that the damage caused by the burning of the
St. Angelo Tower, on Tuesday night, was not sufficient
to prevent the repetition of those splendid spectacles, o(
which it has so often been the arena. The services of a
large. number of artists and carpenters have been put into
requisition, and the restorations are so far advanced as
to allow of the resumption of the ordinary entertainments.
Babel, the soldier who was condemned to death a
few days ago for the murder of one of the captains of his
regiment, was executed at Metz on the 19th inst. He
showed no emotion, and received the fatal discharge
standing, having refused to kneel. -