The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1853-10-21
WAR OBSERVATION-DISCLOSURES COM
MENCED.
baltimore, October l6.

| "iiNcu NJ view York from l.lNcrpoOl, "Hicil
port she left on the 9Th inst. Among hel
passengers are the Hon. J. r. Ingersol, late
Minister at the Court of St. James, and
Lieut.. Maury, U. S. n.
The liverpool Markets.-Snce the de.
parture of the Canada, on the LIST inst, Cot.
ton experienced no change, and the sales dur
ing the three days comprised $4,000 bales.
Breadstufis, which had declined after the
departure of the Canada, had again recovered,
and closed at the previous weeks rates. Rice
was in good demand.
The London Nancy .Nmla-Consols
which, on the 3lst ult., were quoted at 49,
a93I, had declined TO 00,.
EuroPean Mteikigcncc-A dispatch dated
Vienna the Sd inst says: "Ihe Sultan TODAY
on the recommendation Of the Divan signed
the declaration Of war against Russia. Report
says that hostlitics have already commenced.
the Russians, it is supposed, having attacked
the Turkish position at Roustchuk,' on the
Danube. Previous reports had stated that
Austria had again sided with England and
France, and that some new proposition was
TIC have been made to Turkey, when u dis.
patch from Constantinope of the 2Gth ult
announced that the Dyan had recommended
the Sultan to declare war The four Powers
opposed to act. The fleets ut the last adyiccs
rpu.ljnr1 in RrSir, R.v
Koszta is to embark with the consent of
Austria for the United States on the 2lst inst.
The cholera is slowly increasing at Liver
pool.
France and Naples have extended the term
for the free import of Brcadstuils, and France
has prohibited the export of potatoes and
matcrid rr.ciaLie Of all kinds.
FINAScIERING WITH A NEUTRALITY-SUSPICIOUS.
tary Guthrie. in order to dcpletc the Treasury
otthe surplus is buying government bonds,
which are almost all owned by foreigners ut
avery heavy premium, which tends directly
TO benefit them and drain the country Of
specie. "lt the bonds were held by citizens
OF the United States their redemption 1T Il
premium-though not Observation-Disclosures
large, would exercise Il beneficial influence
on the financial affairs Of the country. The
economy Of individuals and Of governments
should be conducted on similar principles.
What sane man would deem it sound policy
to purchase his notes before they became due,
at \ premium Of twenty-one per cent!
For the sahe Of argument, let it be assumed
that the bonds Of the government amounted
10 Stoc09oQo, at SIX per cent interest, hay
ing an average Of eleven years to run; and
suppose the government in possession of Il
surplus OF sixty millions of dollars, and that
it could place it safely, or with ample guaran-
tees, in Il sinking fund, at six per cent, which
would be the best course to purchase the
debt as far rs it would go, at twenty.one per
cent premium, or to place it SO that its inter-
est would meet the interest and the principal,
and finally, ut the end of eleven years sink
the principal In this way sixty millions of
dollars could be made TO pay sixty millions
OF debt ut maturity; whereas, were the whole
sixty millions TO be redeemed at IN average
premium Of twcnty-One per cent, it would
require the sum Of S72,G0O,OOO to pay it
thus losing Sl2,GOO,OOO by the operation.
The same argument would hold good with
greater or less sums, and for q shorter or
longer time to run. 1t was believed bv some
that Congress should withdraw the discretion
from the Secretary Of Treasury to purchase
bonds at such enormous. premiums
W The books DISSATISFACTION to the stock
of the Atlantic and Pacific Rail Road Com.
pany were opened for the second time, ut Me-
tropoltan Hotel, New York, on Thursday
The attendance WAS large, and for nearly two
h ours, II is said, subscriptions were entered
as rapidly as they could be written down. In
that time a little over thirteen million of dol
lars were subscribed, the list being headed by
+. +. Earnnm, Esq, at 100000. The whole
amount was divided among los persons, re-
siding in all sections Of the country, being an
average of Il little over 100000 TO each
subscription The books were closed one
hour for dinner, and re-opcncd in the after
noon, when Il number of additional subscrip-
tons were made.
-? There are current rumors in New
York Of one or more pretty heavy failures IL
mong the Wall street stock brokers.
1t is publicly announced that Robert Spear,
Il well known stock broker of Wall-sreet
has failed under the recent depreciation of
stocks and the tightness OF the money mar
ket. There are various other rumors ailoat
regarding the solvency Of certain parties, but
they haV pot yet come to Il focus.
Mn. DIX.-A New York letter writer says
Mr.. Dix has committed telo dc Sc politically
lie is done for. His own pen did the deed
In a second letter 20 Georgia he elaborated
has "penitcncc." The Evening Post dcnounc-
cd him. The Administration have made his
successor to France in John Y. Mason. The
pressure FROM without caused the President
10 Ignore his own promise 10 Dix before his
last Georgia epistle. That did not avert the
blow, but only provoked the contempt of his
Er@A lricnds. The modification WAS too
much for him. His story is told, and Van
Burcnism has one adherent the less to pro-
vide for.
BALTIMORE, Oct 49,
On Tuesday elections were held in Penn. |