The New York Herald Newspaper, April 8, 1847, Page 2

. : ‘The Chances of the Whigs. Tuesday next. we “TE the state of anarel in Mexico ts ext vorable to our arms, it must nv confessed that it is by no means so, to the attainment o. the only legitimate object of the war—a just, an honorable and a seeure peace. There is little doubt that ‘The charter election, as we have before any government in Mexico sufficiently strong to informed our readers, will take place on withstand the local political pronunciamentos, | The parties are all regu- sustained by armed insurrections, of so frequent larly in the field, and eager for the com- occurrence in that unhappy country, would, at bat. The democrats rely for success on the any time, accept our repeated offers to negotiate | popularity of their candidates, but if the whigs for peace, and unite il efforts¢o our own, to put | avail themselves of the. dissensions of their | a stop to the horrors of war. { opponents, and poll a strong vote, and manage | If, then, the existence of anarchy in Mexico is their affairs properly, they may elect a majority an obstacle to peace, what is the policy, which of both boards of the Common Council. This we | this state of things indicates to our administra- | are informed they intend to do; and to make | tive government? Does it not point out to us | their chances better, they are about to form a union with the natives, if possible. Ifthey suc- the wisdom, if not the necessity, of giving our sympathies, not to say our aid, to any party in ceed in both cases, the government of this city, Mexico, struggling for power with a reasonable in@luding the Mayor, will be whig for the year probability of founding on its stiecess a stable and | 1847. But will they succeed in their efforts. 7 The negotiations for the union between the whigs and natives, are now, we understand, on | foot, and we would not be much surprised if they be perfected within a day or two, or not at all. What the result of a union will be, may be seen bya glance at the vote thrown last year by the three parties. Avenace op tHe Democratic, Wuia ann Native ‘Vors, Cast on tux 14t ov Armin, 1846. Maronarty Ticker’ \bert, wi Ridabock, W. and N. responsible government? All we can rightfully desire of Mexico, in reference to the nature of | her political institutions, is, that she may place herself in a condition of sufficient strength and | prosperity to favor the develdépment of her bound- | less resources, and encourage commerce with all the world, and enable her government to main- | We can have nothing to do with the principles | or the form of government which the interest or | the necessities of Mexico may lead her to insti- tute for her own security. Our designs and our efforts in this regard, should be limited to the re- storation of peace, and the establishment of order within the territories of our Southern neighbor. These are objects which we are bound to regard, because they are identified with our own domes- tic repose and prosperity. It is a cardinal point of American policy, while protesting against the interference of European | power in the domestic affairs of this continent, 80 - r ; ere | 1,291 | Never to interfere in any way with the political | ‘996 | institutions of the South American States, or | hence, was going into Liverpool on the 8th. a}3 | elsewhere. We prefer our own system of government for 879 | ourselves, and we would gladly wish the rest of 717 | the world might possess its udvantages ; but, at 491 | the same time, we are far from believing that Whig and Native majority. . Alderman 3rd ward—Benson, W « “ Lloyd, N ‘Whig and Native majority.........0. Alderman 4th ward—Purser, D. 1,075 | ‘al ‘a . “ * Ashfield, 256 Democratic majority. . E 1,100 Alderman Sth ward—Hart, D. & e Adams, W. | our democratic institutions are equally well | | adupted to all other countries and races of men. We all once thought Mexico would sucessfully follow our example, and found a stable repre- tain any engagements it may enter into with ours. | SPECIAL EXPRESS TO THE ; mar oN ~ MAH rer cr TWO DAYS LATER NEWS FROM EUROPE. STATE OF THE MARKET Ker, Sie, die. ‘The fine packet ship Liberty, Captain Norton, | arrived off Sandy Hook yesterday afternoon. Our special messenger immediately boarded her, and transmitted her news to the New York Herald office. She sailed from Liverpoolon Monday the 8th | ult. | The packet ship Queen of the West, Captain | | Woodhouse, sailed onthe same day for New York. Also, others. 4 The packet ship Henry Clay, Captain Nye, | | Phe news brought by the Liberty is important | only in a commercial point of view. . ‘The destitution and distress which still prevail in all the countries—in Ireland, in France, and in Belgium—continue to press severely upon the chances of relief for England. France depends upon her corn produce for food. A deficiency of twenty-four days’ consumption, in her usual corn harvests, is a loss that can be supplied by-energy | and foresight. She is better off than England, because she has no landlordism to contend with, tearing out the heart of the soil for rent, and | leaving rottenness for the luborer in the place of | food. In France and in Ireland, we have a con- trast which shows us the cause of excessive misery. “ “ Ferris, 'N 307 : . cs Ross, N.. 49 | sentative government ; but her past history shows Whig and Native majority. zoo | her liberties to have been the constant sport of | Alderman 6th ward—Foote, D. . oag | rival military chieftains; and we have good | <% ‘ Vultee, D 993 | cause to despair of seeing democracy take deep | Peyler, W. sad __ 54 | and permanent root among the mixed and mili- Democratic majority... seees 1,008 | tary-ridden Spanish and Aztec races of Mexico, | Alderman 7th ee ones Decca! L1 1aq8 | for the present, at least. | « « Davis, Woes » NY | It is our paramount duty, therefore, to hold * rm Folger, N. 487 | ourselves in readiness to come to terms with any Democratic majétity. . ... . 1482 well-established government which Mexico may | ‘Alderman 8th ward—Compton, D 1671 | give herself, without regard to the degree of po- | ot it Ne ge 1,276 | litical aud civil liberty it may secure to her own | igang, __7°7 | citizens or subjects. What we do ardently hope | ‘Whig and Native majority 312 i is, that some party in Mexico, in the free exer- Alderman sth Wands, ee Cine D eed cise of the national will, shall have strength ro Groesbeck, N... Whig and Native majority. . . Alderman 10th ward—Messerole, D. ba ie! Aims, W... Democratic majority. . .. Alderman 1th ward—Johnson, N % “ Gage, D.. % % Miller, D. # “5 Mills, W. Democratie majority... ....+ Alderman 12th ward—Jackson, D « & Carnley, W Democratic majority. .,.... Alderman 4th ward—Tappen, D * Bloodgood, D. - 7 McArdle, W .N. Democratic majority... . | a a oe Holders eras aoe firm, ce the re- \derman 17th ~Walsh, D. . 263 | ceipt of Mi advices to 30t! ecem ber, some Ae Coat D: : 1,203 | Savauce might take place should imports fall off, but vo “ Wilkin, W.. 733 | long as the supplies so nearly equal the demand, it will ” al Devoe, N... 884 | be impossible to obtain any. —= | gates from Montevideo are to the 22d ult, ‘The stock Democratic majority. Lae 8a jour was 18, Is. and prices nominal. ‘The trade % the interior was stopped, the whole country being in Alderman 26th ward—Walke 1,005 | Foasessioh of Rosas’ troops) the consumption “would: be “ ra + | considerably reduced; and, should arrivals continue, 273 | prices would decline. Democratic majority. ..:sss:s.s--c+0 577 | 4 btom Blo Grande dates are to the 20th ult. About It is clear and evident, by this table, that the whigs and natives can caryy the city next Tues- day, and elect both their Mayor and Common Council, if they can effect a union, and bring out the strength of both factions. If they do not do so, their chances will, of course, be greatly diminished, or, perhaps, wholly ruined. The natives are proverbially obstinate in main- taining an independent organization, and voting for candidates of their own choice, irrespective of the whignomination. To insure a union with them, the whigs must agree to vote for one or more of their nominees for members of the Common Council. These we are informed, are the terms of union which are talked of; and, although we are not reliably informed whether the whigs will accede to them or not, we are in- | clined to believe they will; because the small sacrifice they would make in this respect would be compensated by their electing their candidate as Mayor. Indeed, we think the whig leaders would make almost any sacrifice rather than to not succeed in electing their mayoralty candi- date, although the Common Council is of more real importance, in a local point of view, to them. They consider themselves certain of a majority in the Common Council, in consequence of the splits among their opponents, and the union would make them more sure of their Mayor. But if they are too sure, and there be a rain storm, they will be beaten. Thus we go. The politicians are hard at work ~-each party working for itself. hat the result willbe, we cannot say. But if the union here sketched but be formed, there be a change in the political complexion of the government of this city. But, while jthis movement is going on between the whigs and natives, what are the democrats domg ? Assistance To Vessers iv Distress.—The U. S. revenue schooner Taney, Captain Douglass , Ottenger, has lately returned to this port, froma cruise on the coast between Egg Harbour and Moutank Point, rendering assistance to distress- ed veusels. 1as been constantly employed in that duty fromthe 22d January to the Ist of April, during which time she has spoken and offered assisiance to 159 vessels, viz:—42 ships, 32 barks, BY brigs, Mschooners and Isloop. The Taney has been out some sixty days, and has sailed dur- ing her cruise 4500 miles, the greater part of the time under reefed sails. The vessels spoken by the I. with the exception of some six or eight, were from 10 to 100 miles from Sandy Hook.— The Taney was out in almost every gale during the past winter, and has proved herself to be un excellent sea boat, having sustained no damage whatever. It may be proper to state that the Taney was underguing repairs in the early t of the winter, whieh accounts for her not being at sea sooner Jou much eredit cannot be given to her officers 1,456 | 1424 ‘661 618 | INTELL 263 | Eunomus, Capt 1,290 1,449 | 676 | and 200 k 590 1076 | enough to found, and shall hasten to found, some sort of a government which may promise tran- | quility to that distracted country, and possess the | power to make and keep a peace with the United 707 | States. te | In this view we shall watch with intense in- 1,190 814 | terest the movements which may take place in Mexico consequent upon the recent revolution in the capital, and the signal defeat of her arms at | Buena Vista, and our anticipated successes at 2 | Vera Cruz. ‘om Rio JaNzIRo.—By the bark n Mansfield, we are in receipt of files of the Jornal do Commercio, up to the 19th ‘The focal news is uninteresting. Rio pe Janvamo, Feb. 17, 1847, ‘Tho arrivals since the 28th ult, are Ardennes, Boston; | Actif, Georgetown; Irabelita Hyne, New Orleans; Mary, | Norfolk; Home, Baltimore; Casket, Boston, via Pernam- buco; Letitia and Mexican, Montovideo; al. paraiso, vin. Montevideo; W. H. Sifuler, Cape Town; Mi- ann eee have been 8,124 bbls. fi "The imports have 24 bbls. flour, 126 packages toa, 500 kegs lard, 271 bales hay, government stores and sundries, ‘The sales of tlour have been moderate ut $20 cash to $22 credit. for Richmond; 17|| a $1760 credit for Balti- more; 18} 181500 for Columbia. ‘The Isabelita Hyne, with her cargo of 2,000 bbls. flour, ‘eg of lard. proceeded to Montevideo on the éth inst. The stock in first hands is 7000 bbls. Richmond; 4.000 do Columbia and Columbia Mills, 10,600 Baltimore; | 4,000 bbls. lour had arrived. and prices were nominal, at | 20) a 21/000 for Richmond; 18)| for Baltimore. j | , imports generally are in great abundance, and sales very difficult, especially domestics, as tho stocks of Eng- lish as well as American, are very heavy. ales of rosin at 4000; lard 270 a 280 rs; hyson tea \/400 a 2100; candles 700 rs; beeswax 760 0.770; Coiar cordage 13) a 14/000; lumber 60). The supplies of coffee having been ve | a large proportion of ordinary quality, prices of good and | superior qualities haye ruled high, 2/950 a 3/190; good first 2/850 2/900. ‘The stocks arc now increasing (be- ing about 40,000 bags) and prices aro likely to decline, should the weather continue good, as appears probable, ‘The export, since 28th ultimo to date, has been 13,663 bags to New York, 8,700 to New Orleans, and 3,257 to Boston —total 25,620 bags. Exchange, in consequence of the great demand for the northern ports, has been done as high as 29d. The quo- tation is now 28%d, and very firm. Specie has been in fair demand; Patriot doubloons 29) a 29/300; Patriot dollars 1/850 a 1/860. Freights have been rather dull; but as there are but few vessels unengaged, the rates have been maintained at 75 a 85 cents to the United States, moderate, and Very LL, # Goon Horr.— | We have files of the Cape Town Gazette, to the 23d of January, which, however, are bare of any intelligence that would interest the American reader. | It appears that Yankee ingenuity and enter- prise in this distant settlement, seems from the following notice in a late vr of the Gazette, | to be attended with very satisfactory results :— ““ We perceive that fresh batches of the American | ploughs whieh the U.S. Consul, Mr. Chase, has #0 sue- cossfully introduced into this colony, continue to be im- | ported, and are irresistibly gaining Pron in the esti- mation of the farmers. Much iv suid in these days of | the evils of “Protection,” and the impolicy of burthen- ing agriculture with fiscal impositions, What, we ask, would be thought in England, just now, if the fact were stated that the farmers of this colony are compelled to | pay 12 per cent import duty on an article that answers | their purpose well, while a comparatively clumey article, coming from another point of the compass, is admitted at 5 per cent?—-that the Cape, suffering aud half ruined is still burthened with # discriminuting duty of 7 per | cent in favor of British manufactures ! News From Bermupa.—By the Falcon, from | Bermuda, we have files of the Royal Gazette, Herald, and Bermudian, to the 80th ult. We find in them a few shipping items, which are given under the proper head. They are of | importance to those intere: The Legislature has been summoned by the | Governor to convene on the 2Ist April. A move- jnent has been set on. foot, headed by the Mayor | of St. Georges, for the purpose of giving assiet- ance to Ireland. Great exertions are muking to widen the ship | channel on the entrance of St. George’s harbor. | Capt, Elliott, the Governor, has given the loyal | inhabitants a practical proof of the interest he lakes in the progress of improvements on the Island, which is thus stated by the Bermudian : | His Excellency donned the diving desea used by Ser- geant Harris, and descended to the bottom of the chan- nel (n depth of some 26 feet.) where he minutely survey- ed the shoal which is now in the course of removal through the powerful agency of a Voltaic Battery. Af- ter the survey, His Excellency was taken up on the hulk, where he immediately obtained a of guapowder, and then made a second visit to Be tom © deposit the charge; but some to the wire pro- vented an explosion. A third an rh was made iy the Governar, and another charge ganemder ae posited. As soon aw Hix Excellency was hauled up, and the hulk removed out of the way, the battery was appli- | cd Success crowned this affort—-grent masses of rock | sued orders that she will attend to no more, as | period are only 7,233 bales, and the estimated stocks aro | | period of last year. | ternms, So many petitions have béen sent to Lola Montes at Munich, for her intercession with her royal lover, the king of Bavaria, that she has is- | she understands nothing about them. Mr. Templeton is giving his entertainments in Glasgow. Mrs. Warner, Mr. Macready, and Mr. Cooper | have been performing at the theatre royal, Adel- | phi, Glasgow. | Itis said that larger breadths of grain than heretofore are sown upon the more extensive | farmsin Ireland. The small holdings are, how- | { ever, almost wholly neglected, the “peasantry not | having the means to purchase seed. } | English Monetary and Commercial Intelll- se eeol Atbion, March #.) | 1nG.—The past week has been charac- | terized by a want of animation in every department of | business, only relieved uy, the accounts from London of | a moderate degree of activity prevailing in the stock ex- | Senge on the tenders for tholoan being necepted. Al | Februar, though the lonm itself is a mattonal affair, the scrip bas | f merel eal habitation e metropolitan stock ex- We annex a letter from our correspondent, | change, and as it is there considered that tho Govern- giving a view of the markets there. | ment have acted wisely in limiting it to a three per cent stock, any provincial opinion, it is to be feared, will have little weight. Nevertheless, there are parties in Liver- pool, of strong minds and sound commercial views, who sce in this further creation of a three per cent stock strong symptoms of its permanent addition to the na- | tional debt, and also that the claims against Ireland | for re-payment of one-half the amount will not be | enforced by tho Government. ‘Tho basis of their | | reasoning ‘is, that while £8,000,000 only is bor- | rowed, a debt of £8,938,547 9s 8d is contracted, and as, in fairness, only £4,000,000 by the original terms, | can be claimed for Ireland, should even a favorable period | for enforeing such claim ever arrive, the amount repaid | would more probably appear as swelling the annual in- | come than in liquidating the Irish molety of the debt, | | inasmuch as it would be unequal to accomplishing the latter. The scrip having been at a premium of upward of1\ per cent during the greater part of the week, the | contractors make a good thidg of it. Had the money | been borréwed at par, it could, no doubt, have been ob)- | tained under 334 per cent, and the intention of tho Go- | vernment to call upon Ireland to liquidate one half of it | would have been more apparent. Every addition tothe | national debt being # tax upon commerce, Liverpool has | little cause to fecl gratified with the arrangement, how- | aver favorable it misy be to incroased business in stock exchange. ‘The Hibernia steamer, which left this on Thursday | for Boston, took out nearly £300,000 in specie. ‘An uneafy feeling begins to manifest itself in regard to the moneynurket, which was increased by the ap- peneance, yesterday, of au advertisement the | Northwestern Railway Company, inviting loans in suns | of not lers than £5000 at the interest of 5 per cent. | Conside:ing whois at tho head of this concern, and the | Porition the company occupies in the railway world, the igh rate of interest offered is signiffcant of the in- | creasing dearness of money, and has had an unfavorable | influence on the share market. The Great Western | Company have also come out as borrowers at 4¥ per cent for five, seven, or ten years. ‘The corn market has exhibited no exception to the prevailing dullness, and the business transacted in Bruns- wick street yesterday was the smallest of any market | day this year. It appears, from the circular of Mr. C. T. Dunlevie, that the imports into Liverpool from Ireland for the last five months have been 13,500 quarters of | wheat, and 27,700 sucks of flour, with only a trifling quan- | tity of oats, oatmeal, barley, &c. Our exports thither | during the same period amount to 85,000 quarters of | wheat, 160,000 bbls of flour, 17,500 sacks of ditto, 120,000 quarters of Indian corn, 28,200 bbls of Indian corn meal, | .500 quarters of beans, and 3,000 quarters of peas; so { that Ireland, from whence this market formerly drew its | principal supplies, has now become our greatest drain. ‘The enigma as to the stocks of grain in the country ns far a ever from being solved. ‘The stocks of foreign both here and in London, are being rapidly exhausted, | while France, Holland and Belgium, are ail importing, and their prices rule higher than ours. Some few purchases have been made in the London market on | French account ; and in the Baltic, wheat which was purchased for delivery in England, has been resold at a | profit fortFrance. A few vessels are now loading in LAverpool with flour for Lisbou.” Against this, however, | ‘ecan state that several vessels are on their way to | England from ports in the Mediterranean ; but then a | large ‘portion of their cargoes consists of the courser | kind of provisions, Alexandria is now nearly exhausted of its stocks, and freights, which were as high as 22%, per quarter in January, had fallen to 16s. on the 2st Feb ‘The following vessels had sailed from thence for England | from the Ist January to 2ist February, namely laden ontirely with beans, nine with wheat, four with Indian | corn, two with wheat and beans, four with beans, cotton, and linseed, and two with linseed. ‘The cotton market has purtaken of the general quics- cent state of trade ; but prices are not thereby reduced, holders being firmly convinced that spiuners are fast | running out of stock, as the average weekly quantity that they have taken-from Liverpool since let of Janu- | ary is only 16,516 bales, against 29.585 in 1846, and it is not Imagined that the reduction in the hours of Inbor is equal to anything like this deficiency, At present there is a struggle between “short crop’*and “short time,” which causes the next accounts from America, per steamer, to be looked forward to with great interest, as they will furnish pretty good data for the ealeulation of the extent of our supplies. The spinners bave taken above their average quantity this week, haying pur- Chased 14,000 Vales, while speculators have taken’ 7/000, and exporters 1,200 bales, making, together, the total sales for the week, 26.200 bales, Imports for the same 167,200 bates, against $17,080 bales at the corresponding The sales to-day are about 3,000 bales, at steady prices. A fair amount of business has beon done this week in Manchester, the depreciation of prices having induced purchasers to operate freely; but they immediately with- draw from the market if manufecturers advance their ‘Tho present state of things there is against any accumulation of the stock of goods, as the prices ruling latterly bave even induced considerable operations for the Calcutta market, to which a large quantity of goods ure now being forwarded from this port, which is cer. tainly not attributable tothe character of the advices from India. ‘Tho letters by the India mail were delivered yextorday. sir dates are from Bombay to the Ist February and jcutta 23d January, without avy later advices from the more eastern markets than those received by the laut mail. From Bombay we learn, that a falling off in the demand for Manchester staples had caused « general de- cline in their prices, while all kinds of Glasgow goods were only saleable at a heavy sacrifice. This state of thin, waa partly occasioned by several of the markets of north- west and central India now obtaining their supplios from Caleutta, which they formerly sought in Bombay, and partly by the large shipments that were known to bé Om their way from England, While we have thus to no- tice » decline in the prices of imports, we observe that (he intelligence from this country had a tenden+ | having been torn from their natu festnesses w eeale 1 tered “peliaae” around the abou, Sate e¥ to udsanes (hose for thelr stoplo article of export, d vottow, which bad just commenved coming forward, ' produced @ furtbe | England, on the Sist January, at £0 12860 | their rate of discount 1 per | ernment. It | change in the appea ships Money was more in request, and the banks cent. Exchange was more favorable for remittances, being last quoted at 2s }¢d to 2s Jad per rupee. | ** With the exception ofindigo, inwhIGh wlarge business a was" dull ot Caloutta for had been done, the wat Ga, both imports and exports, the market, eral cha- pottpt hoing. similar to that noticed by’ the previous iail, Some purchases of rice had been made for Eng- land, which, at our present prices, will leave a very hai some profit. Freights'steady at previous rates, and tho improvement iu exchange was checked by the shipmeuts of produce under it advances: for bills at ten months it was steady at 2s Md to2s 3% rupee. The following is a comparative circulation of the Bank of England, gazetted yesterday, with that of the corres- ponding period of last year. Notes issued... Seven-day and other bil ‘Total issued 25,168,454 m7 Deduet note departinent, . + 6,016,695 6,004,485 Foal in circulation... ..... 20,151,709 20,968,242 ‘otal amount of specie held in both departments of the Bank , 6 + 12,014,094 13,775,700 ‘The above exhibits a decrease in. the present cirenla- tion of £816,483, and in the bullion of £1,730 766, Com- paring the present with last weck, (20th February.) there is a deficiency inthe circulation of £169,672, and, also, iu the bullion of £169,827. The next return, we feur, will show a stil greater, dofcloncy in the bullion, rs the recent shipments to America have yet to come | into the statement. Consols opened on Monday at 91 to 91% for the April account, which are the highest quotations for the week. The scrlp of the new loan came out on the saine day at 1% to 2 per cent premium. ‘The following are the clos- ing prices of Consols for the account, an for the scrip each day during the week, which show & very serious decline on to-day's quotations, us compared with the earliest transactions on Monday. 1 1, ¥ 1 0 0} Markets. Loxpon Money Marxert, Liirop March 6, M.— "The competition for the loan of £ 00,000 ‘took piace on M , according to previous notice. Messrs. Barings and Mossrs. Rothschilds coalesced; their offers were similar, viz, 9934; and they were declared the contrac- tors at 4 Fey It has been already stated that the loan is in per Cent. Consols, and that the bidding was to state at what price per cent the contractors were willing to purchase that description of stock of the Goy- has been usual for the competitors to ten- der for the amount of stock they are-willing to purchase with £100 money; and the tender naming the lowest amount of stock is consequently aces The total amount of stock created by this operation ix £3,938,548. "Three per Cent Consols; the annual charge for the dividend is £268,156 88. 10d.; and the amount is raised at the annual interest of £3 7s. per cont. We have already mentioned an expectation that the loan would have been in three-and-a-half per cent stock, and it is not doubted that, if a sufficient term of years had ‘been guaranteed during which it should have been irre- ducible, the Minister Rigs have sold three-and-a-half per cent stock at par. When the price of three per cent onsols is 8935, e-and-a-half per cent stock, irredu- cible for thirty-nine years, is worth 100 per cent. ‘The value being compounded of thatot £100 £ s. d. three per cent consols . a 10 0 And the value of an annui per num, for thirty-nine years, which, reckon- ing interest at 334 per cent, is worth . £100 1 3 ‘As, however, ‘Three-und-a-Half per cent stock is not s0 current an article in the money market as Three per Cent Consols, the Minister must have given some bonus to induce the public to take the loan in the former de- scription of stock; if he had announced his intention of mulking # loan in ‘Three-and-a-Half per cent stock,at par, taking the biddings in the numbor of years for which the stock should be guaranteed against reduction, and extended that guaranty to fifty years, the value of the stock would have been raised to 1013; there could, con- | sequently, have been uo difficulty in disposing of £8,000, of this description at par. Thus an addition of nearly £1,000,000 to the capital of the debt would have been avoided; and by providing that the interest of the new stock should at maturity be absolutely re- duced to three cent, a future saving of £40,000 would then be effected in the annual charge. ‘At the opening of the market on Monday, the Serip | was at 2 premium; but it has since been gradually de- | clining, and has been to-das as low as 74 premium. Con- sols have also declined nearly 1 per cent; the price for | money having been as low ag 8974, while for Account the quotation has fallen to 90; the market closing heavily, and wijhout any symtom of reaction. This is the last day fixed for the exchange of Exchequer Bills which a: rive at maturity in March. The recent increuse of i terest to 2d. per diem has not given them any increased firmness. In the early part of the week a large sale oc- curred, und the price declined to 8. discount, but sub- sequently fluctuated between 3s. and 6, The decided rance of the market is chiefly attri- butable to the démand for money for the completion of railways; many of the principal Railway Companies being now in the market as borrowers at 5 per cent; and as long a8 such an interest can be obtained, capital will pe attracted to the best market. Searcely any business has occurred in the Foreign Funds. The Northern European and better class of stocks are higher, while the Portugese and Spanish have | declined. Most of the Railway Sharos have been supported at or neur the quotations of last week; the evident tendency to improvement being checked by the heaviness of the English Funds. Searcely any transactions have occur- red in the French Shares, which till to-day were gene- rally well supported at the quotations of Inst woek; but with the decline of the English they have given way, and the closing quotations from 6. to 10s." per share lower. Satenpay, March 6, twelve o'clock—Advices from St. Petorsburgh received this morning bring Intelligence of a decline in the exchange of nearly 7 per cent, viz. from 4id per ruble to 38d, As this decline, if contiaues, will ut an end to all shipment of bullion to Russia, the | nowledge of its occurrence produced a momentary ef- fect upon prices. Consols for account were done at 89%, and afterwards at 90, The price has, however, again given way, and is wow quoted at 89% 74, Tho scrip of | oi é premium. The premium of Exche- In the foreign market ieties of the new loan is juer bills is unchanged, 3s to 6a. the only variation is in Spanish stock, both vi which are lower, The business in railway shares has been of a very general character, and upon the whole, prices are not quite #0 well supported as yesterday. Two o?CLock.—The stock market continues in a very unsettled state. and console have been as low as the con- tract price for the new loan, namely, 8934, bringing down the scrip to 7s. 6d. to 12s. 6d. premium, or just an allow- ance for the difference of interest. Even for the April account ins have been made at the reduced prices of 89%, to 891. ‘The accounts from Ireland, France, &e. relative to the grain market, the pinch for money this week, and the report of new foreign loans being on the tapis, together with the unpleasante reports which have found currency, have hada decided influence on the market. Exchequer bills keep pretty steady at 3x. to 6s. premium. ‘Tho foreign investments have been heavy. Spanish Five per Cents are 22% to 224, and the New Three per Cents 33%; to 33%. The other’ securities are almost no- minal. Brazilian, 86 to 87. Shares have been decidedly lower, and there are sales pressing. The foreign lines are relatively firmer than the English. Loxpox Cory Marxet, Friday, March 0.—Since Monday the arrivals of English wheat have been on a very limited scale, and the show of samples to-day was trifling. Still, however, tho home millers purchased with extreme caution; but, as about-1.200 quarters of Red were taken for France, those qualities improved fully 1s. per quarter. In. white wheat very little was doing, at last rates. In Foreign wheat a good business was transacted for exportto France, and the quotations had an upward tendency. Both Barley and Malt were excossively dull, and the turn lower.” The large arri- vals of Oats from abroad produced much heaviness in the trade, and prices receded quite 18. per quarter.— Beans were very dull, and 1s. per quarter lower than on Monday. All. other articles were a slow inqui Impr'laverag’s, Wht. Brly. Oats. Rye. Beans. Peas. Jannary éd Sis 6d Sis lid ve 3 327 6 8 February, oT 8 var 46 OL 49 6 Ww a av Ss Aggrega 6 7 Liverroot Cons Manxrr, Saturday, Mareh 6.—Con- trary winds have kept out supplies of grain this week. The business transacted has boon to « moderate fair ex- tent, and at full prices for wheat ond four. Oats, barley, b@ns and peas have each met a slow sale at the quota- tions of last week, The demand for Indiancorn has rather fallen off, and the price is barely supported.— Wheat, per 70 ibs.--American H @ lis. 94. nadian Malls, dd. «Rye, per 490 Ibs. 60 a 56s. Beans— glish. pr. imp. qr. 65 a 588.; Irish and Scotch, per 490 Ibs. 54 a 5ds.; foreign. duty paid, Eurp. per imp. qr. 50 2 62s. Peas—English, per imp. qr. 64.0 75s.; fore! ‘a 63 a 68s. Hour—English, per 280 Ibs. 62 a 668.; Irish, extra fine, United States, per bbl., 42 a 49s.; Canadian, 41s, Gd. a 42s. Indian corn, per 480 Ibs., 70 0 748. Maxcuesten Conn Market, Saturday March 6—At et this morning, the improved accounts from and Wakefield caused holders of wheat and flour to demand an advance of 2d. per 70 Ibs. on the former, and Is, per sack on the latter article; at this amendment, however, the transactions were only to a moderate ex- teht, Oats and oatmeal mecting a very limited inquiry, with difficulty maintained their previous value. Livenroon Corton Market, Mareh 6,—Cotton con- tinues in fair demand, and steady at last week's quota- tions of American, but the market fs without animation. Egyptian is without change in price, and in fair demand- Brazil is heavy of sale, at last week's quotations. Surat is steady in price, but in bay vant demand. 4,520 Amo- viean, and 180 Surat, have forwarded unsold durin; last month. The sales of the woek amount to 26.3 bales, including 7000 American on speculation, and 660 American, 250 Pervam, and 100 Surat for ag ‘The business continues to be very moderate, only 3,000 bales having beon sold to-day, all to the trade. Tho mar. ket is flat, but prices are steady. Lonpow Manxet, Friday, March 6.— —'To-day there was a greater dosire manifested, by refiners and grocers, to operate in raw sugar, and the country brewers came into the market with more freedom, In some instances 4 slight improvement in the value took lace. ‘The market, altogether, has a firmer appearance, ‘ext India Muscovado was sought after for all purposes, and rather higher rates were offered, but business of moment was prevented by the scanty Wapply, snd only 150 hhds. and tierces were, in consequence, |, making the total sales for the week 310 bhds, and tlerces. Re- fined—To-day urchases were made in refined is by the home , inf consequence of there being some sellers upon previous reduced rates, Bonded crushed sugar isheld with firmness, Ist quality at 36s pr. ewt; loaves arenmich wanted. Mauritius--The supply at murkot ¢ tinuing to be extensive, and merchants eager to real fal in prices of 1s, por owt, ual has been d by ba brew the x uantit forward to pul Stnounting to 10136 bogs, all found buyers. East I —This afternoon Bengal sugar met with more attention. and the parcels offered at auction, amounting to 3101 bags, were all sold ; white and better sorts of yellow at a rise of Gd. per ewt., whilst brown and inferior zaien gold ut the former currency. Foreign—Holders of ign sugar available for home consumption, are not so de- sirous to reduce their stocks, and the market has been less freely supplied ; but ‘the quantity on. offer is chiefly the better descriptions, By private contract the demand: has been from refiners and grocers, iu consequence lower rates taken. Molasses—The market is still ina dull state for West India of all sorts, and there is » fair quantity offering for sale. Few buyers are to be met with, although there are selletw at a further reduction in prices, and 219 to 25s 6 isthe value of low to fine. E. I. Treacle is dull of sale at 231 to 268 per cwt. Coffee-—This afternnoon good ordinary pale Native Ceylon was in good re- quest by private testy. and on with difficalty to be obtained under . per Plantation is wanted. and 641 at avipd sale, sold at stiff rates. Tea—Holders of all riptions of both black and green have manifested less firmness this week, and which can ony be ibed to the arrivals continuing Pe seale—the stock here being heavy and several ships J to arrive, For good und fine descriptions of Congou, of which the arrivals still chiefly cousist,a reduction on former rates of 1d. to 2d. per fb. having been submitted to, occasion fey Remper to be taken for home consump- tion. Green has been operated in with caution, although there are sellers upon rather lower terms. Spices—To-day sepa sale, 838 chests of Cassia Lignea at full rates. 120 bags African ginger were taken {n much above value, Tice—To-day the limited business transacted privately in East India rice was at rather lower rates. 309 . at public sale, sold at 238 to 23s 6d for mid. white, 22s 6d for sea first clasa, 228 second ditto, land 16s to 188 for third and fourth. Sago—The market having been liberally supplied with this article, and the demand being less active, a fall in the value to the ex- tent of 2s per cwt took place; at auction 844 chests were only in part sold, Sago flour can be obtained at 20s, but few buyers are to be met with. For Tapioca and Arrowroot prices are unaltered, Saltpetro—For rot 8 Sdn Sppgatands, ie home and and the parcels sold were at rather ere is but a moderate roy: on offer. demand. Nitrate of soda sells ly. Cochineal--A favorable opinion is still entertained. towards this article,as the consumption is extensive and stock not half of what it was at this time last year, whilst {n prices there is little difference. A good demand pre- vailed for black and sllyers, and stiffer rates aro pala. Oils—In Cod only 8 small amount of business has been transacted. For Southern the tendency of pricos is yot downwards, Seal is little wanted, but prices are sus- tained. There isa fair stook of Sperm Oil here, and few purolitses have been made: Rape Seed Oil met with a sale. Olive is held with firmness, and ner angers| ‘have been sold for home consumption. Cocoa Nut met with attention, and holders are enabled to obtain hi rates. does not improve in value. Linseed Oil—~ Prices are still on the advance. 4 Liverroo. Woot Marxer, Saturday, March 6.—The market continues extremely depressed for foreign ‘wool, but prices are pretty well supported, at least for the more saleable kinds, which are, for the most part, very scarce; for them, in some instances, a ‘advance has been paid, but, to push sales of the less current Coren) it would be necessary to make some concession in price. The Scotch market is very her, and the demand is altogether confined to better kinds. Imports For THY, Wrex Envina Mancut 6. Foreign... .1,315; previously, 12,678 : total, 13,993 bales, Scotch. . ... '383; previously, 1,875: total, 1,998 ** State of Trade. [From the Liverpool Albion, March 8.) Mancuester—Early in the week a fair inquiry, for some doscriptions of goods was observable. but the - ness done has been upon the whole much more limited than that of last woek. The disposition to give out orders has, in many jnstances, beon checked by the pro- ducers refusing to submit to further concessions. ith, the exception of a fair demand for some numbers of yarns suitable for the east, we have to report very dull and languid market this week. Prices, however,,bave re- tained tolerably firm, and there has been rather less dis- higher rates. English refined isin houses are doing very little. Short time working con- tinues to prevail, and in some quarters is making con- siderable progress : several mills haye altogether clos- ed this week. Our food prospects cannot be reported asin any way more checring or favorable than last week. ‘The accounts from the continent are decidedly more un- favorable. Braprorp—Piece : Our market has been again to-day exceedingly dull, and less than the uverage number of pieces have changed hands. ‘The recent failures in Germany may have contributed some little to increase the depression that is felt, but certainly the general focling has been decidedly gloomy, with not much pros- t of speedy improvement, Wool : The , wool market s been very fiat indeed, and the business done is ver little, with a slight tendency downwards in prices. N and ‘Shools remain without alteration. Yarn: The gloom #o long hanging over our yarn market is almost as heavy as ever. The production is very Kmited, yet the spinners cannot obtain any thing like anadvance of price. There has been quite as much doing, and prices remain about stationary. ‘Things are sadly out of joint, and we regret. that our prospects are not of the most animating character. Huppersriziy.—There has been considerable im- provement in our market, and trade is much brisker than it haa been for some weeks past. The warchouses, during the week, have been but flat. Haxtrax.—Pieces ; There is no change for the better in this market : there were few buyers in the hall, and not much prospect of any. improvement. Yarns are much the sane aa they have been for some time back, being extremely languid. Wool isthe same as last week, and sales very limited. Rocupa.y.—There has been a moderato attendance in the market, but it has not been so good as is usually the case at this season of the year. Middling qualities and some sorts of colored were much inguired after, and generally they sold at last week's prices. flannels and coarse goods were dull, and in some in- stances they sold at rather lower prices. Wool was dull of sale and prices firm. Lexps.—The slight imprevement which we recorded, | last week, as having taken place in the demand for wool- Jen goods, hns been followed by greatly increased sales since our last report. More cloth was sold in our public markets, on Saturday last, than had been sold there on any three or four market days of the present year. On ‘Tuesday, too, there was a good market. The deman was principally for the American trade, and by the fo- | reign houses generally, and the goods brought wero chiefly of the lower descriptions. ‘here was not much alteration in prices. Fine goods are still in little request. ‘A fair average amount of business has been done, during the last few days, in the home trade. Notrixcuam,—Lace—There has been no change in this market. Few buyers have made their appear: and the home trade.is dull. Little or no Irish busine: doing. Foreign orders are gorge activity. cos remain without material alteration. The continued cold weather is no doubt postponing our spring demand. Hosiery—We cannot notice any particular new feature in the trade this week. There {s a fair demand for goods | in most branches,with an expectation that, at the turn of the month, a considerable amount of busines will be transacted in «pring goods. Yarns are very firm, with | an average amount of business. Lz: tTER,—Wools are firm ‘at former prices, but yarns are dull of sale. Worsted goods are flat. In cot- ton goods a moderate business was doing, but not a brisk one. This has been a-dull week in the warehouses, and, on the whole, there is but little improvement in the de- mand from last week, save in receipt of afew American orders for the fall. Grascow.—Cotton Yarn.—Our yarn market is sti lin a very depressed state, but spinners are yery firm in their’ prices. Cotton Goods.—The mariet {s rather more flat this week than formerly, and we see little pros- t of any decided improvement for some time. We lieve that the high rate of discount has had the effect of causing both merchants and manufacturers to act more cautiously, and this may, in some moasure, account for the increased dullness prevailing at present. Bars £10 per ton; plates, £13 per ton; sheets, £13 ton; nail rods, £11 per top; rolls,'£10, 10s per ton; p £3 178 6d per ton. Arrams 1x Sovrn America.—We notice that one of the evening papers gives intelligence from Buenos Ayres to 16th of Jan. We have already published accounts from that place to the 22d, and from Montevideo to the 29th of that month. We have already stated that Urquiza, the me- diator between Buenos Ayres and Corrientes, had declared himself fully in favor of Rosas. Vusset Capsizep.—The steamboat Balloon, on | her trip to Philadelphia from Wilmington, on Monday afternoon, ‘® Baltimore schooner capsized in the Delaware, about two miles below Marcus Hook.— She had probably been upset during a squall from the northeast, which oseurrgd about 10 o'clock on Sunday night.—Baltimore Clipper, April 7 The Tecth! The Teceth!—Peine’s Orris Tooth Paste is warranted to contain no acid or other ingredient jn the least degree injurious to the teeth; it is neatly put up in China GUION’S, 127 Bowery, cor- freckles, tan, and pimples Netot Pear} and Alabast Astley Cooper's Diamond Pointed Gold Pens, $1 Only.J. ¥. Savage, 92 Fulton street, is selling Gold Pens as low as $1. "Also, magnificent Peu for $2, which ts the best and che, est pen in the world. $Lonly for Diamond Pointed Gold Pens in Silver (ot Gold) Cases—J. W, GREATON & COy 71. Cedar street, up stairs, keep on hand the largest assortment of Gold Pens to be found in ¥,and their prices are so low as to defy competition. The purchaser there can find almoat every description of pens in the inarket, from Levi Brown's prem| pen down to the more common qualities, and by trying them together ean best determine their relative merits. Purchasers, both wholesale and to-examine their stocl Guen i Ps erlain's, Pat Re Ts, &e., x earns arena avis ge iu jso, Dre: “aSe8, ; ci sortment of Scissors and Nail 4 ssiNK containing all that is necessary for the toilet, in the most por- table and compact f of. Rowsely wrens G. BAI . 177 Broadway, opposite Hor jovel. N,B.—Agents for | Metallic Tablet Razor article | hax heey before the pablic for Bele egies Nonehas received so many eacomiums in root of wey, or enjoyed its enviable reputation. “A ber ‘made to wholesale , : Pasaatecs pn SAUNDERS & SON, 177 Brondway, ta low foora above Conrthinde street.) fb the non posi, sware Ta Ne eis Dining loony ; aemect, iy conte iy Me ment conists of two. = eemtent en the tecond oor, es cre strpeaned by any in the city desirot obtainiog oll that thee a scheap war, a0 in Asta faro, Ar, Gould's Lyris, Out.._.Man; | sone doing. business iy Pear vicinity of aqui tire ff loons, one on the first jamed saloon, for retire Pothowe, th refore, who are denn this ig reldom offered. of the very many 905 Frout aud Waier streets, yneut such va ity. in thi ct TOMAMIS WiquestionAblemyar Hay ib thevplce ot his estate, na position to meet the wishes of buyers. The home trade | Tron,— | — Places. pitubure Cincinnati Louisville. MONEY MARKET. Wednesday, April 76 P. M. Faney stocks have the route again. A very geucral decline was realized to-day, nearly every stock in the list having fallen off fraction. Long Island declined 4 per cent, Canton 34, Farmers’ Loan 34, U. 8. Bank 4, Bar. lem 1X, Norwich and Worcester 4, Morris Canal X, Reading X, North American Trust y. Mohawk closed at yesterday's prices. The sales at the first board were large. ‘At the second board the sales were small, at prices current in the morning ; but the market closed heavy, with a tendency towards a further decline. Proposals for the new loan of $18,000,000 will be openod on Saturdry, the 10th instant. It is anticipated that the Secretary of the Treasury will call immediately for a large portion of it. There is no doubt but that it will be alltaken, The stock and money market is undoubtedly affectod by this, and until the result of tho movement is Known, there will be no advance in the fancies. Five ‘directors, class No. 2, of the Morris Canal Com- pany, were elected on Monday last. Only one was re- elected, ‘The following is a list of the outs and in :— Monnis Cavan Company. . Whitney, EFlected—A. Whitney, ous: Willaston, ee et Dickinson H. M’Farlage, Ralph Marah, 0. J, Strong, W. Dickey, Jacob Le Roy. CH, Valontine. There aro fifteen directors in the hoard elected for three years, divided into three classes—one class elected cach year, The election for President lies between Mr. Whitney and Mr. Marsh. ‘The Boyslton Fire and Marine Insurance ( oinpany, of Boston, have declared a somi-unnual dividen| of five per cont. | ‘The Marine Bank, of Baltimore, bas declared # halt. yearly dividend of three-and-a-half per cent. |” ‘The Farmers’ aud Merchants’ Bank of Baltimore has declared # half-yearly dividend of three per cent. The banks in Salem have declared the following sem!- annual dividends:—Asiatlc Bank, three per cent; Com- mercial, 3; Exchange, 3; Mercantile, 2}; Merchants’, 3; Naumkeag, 334; Salem. 3 per cent, The Danvers Banks have also declared the following semi-annual dividends:—Danvers Bank, 3 per cent; War- ren, 3, afd Village 3. , The bank of Westbrook, Me., has declared semi- ; annual dividend of 3 per cent. | The Bunker Hill Bank, Charlestown, paid, on the oth | instant, a semi-annual dividend of 4 per cent. | The Barnstable Bank has declared a semi-annual divi- | dend of 4 per cent, | We have received the refort of the Commissioners named by the Legislature of New Jersey in the act in- corporating the Somerville and Easton Railroad Compn- ny, in relation to the construction of that road, its ptos- pective business, its cost, experises, &c. The completion of this road will give the citizens of this city a direct communication with the extensive and rich agricultural | and mineral regions of Pennsylvania. ‘The report of the Commissioners says that “ the Eliza- bethtown and Somerville Railroad Company incorpora- ted by the Legislature of the state of New Jersey, are au- thorized toconstruct a railroad from EUzabeth-Port, on Staten Island Sound, distant twelve miles from the elty of New York, tothe village of Somerville. This road is twen- ty-five miles in length, and is now completed witha wood | superstructure and flat rail. The company have found ; this road, as at present constructed, wholly inadequate ty do the business offered ; and during the last four months, with four locomotive engines, forty-five freight | care, and eight vessels constantly plying between Eliza- ' beth-Port and New Vork, have not been able to transport more than one-half of the freight which was offered at | thelr depot at Somerville. The other half was trans- ported in wagons to New Brunswick, « distance of twelve miles from Somerville, and found its way by the New Jersey Railroad and water communicafion, to the city. This company have commenced relaying” their road with edge-rail, three miles of which are completed, and the whole distance, it is contemplated, will be finish- ed with this rail, during the ensuing summer soason.”” ‘The charter of the Somerville and Eastern Railroad Company, is a very liberal one. The company and its real and personal estate are exempt from any tax oxcept- ing the payment to the State of one half of one per cent on its eapital stock, after the company shall declare up- on its net earnings a dividend of six per cent on its capi- tal. | It is estimated that the total cost of tho road, with ten miles of double track, will be $1,055,169. ‘The merits of this route are superior to any other that can be selected, not only in reference to the length of road, the degrees of curvature, and height of grades, but that It traverses through the most thriving, wealthy, fertile, and manufacturing districts of the State of Now | Jersey, and terminates at the confluence of the Dela- ware and Lehigh rivers, opposite Easton, one of the most growing and enterprising towns in Pennsylvania, which contains about five thousand inhabitants, and is one of L the great depots for coal, lumber, iron, &c. of which Pennsylvania abounds. It is distant from New York (by this route) seventy-five miles, and from Philadelphia, by canal, eighty miles. “ The route runs through or near towns and villages, whose aggrogate number of inhabitants, according to the last census, will not bo less than fifty thousand. Tho counties of Northampton and Lehigh, Pennsylvania, contained, in 1840, a population of 66,783 souls, and is one of the most wealthy and productive agricultural districts in the State. All the products of Northamp- ton, and a large part of Lehigh, together with portions of Pike and Luzerne counties, in that Stat Warren and a part of Sussex counties, in } find a market at Easton. “The town of Clinton, situated within two miles of ' this route, on the south branch of the Raritan river, forty-three miles from Elizabeth Port, seventeen from Easton, and twelve from the Delaware river, contains upwards of sixty dwellings and five stores, with a majo- rity of its inhabitants engaged in the mechanic arts. There is a large and extensive water powor, which 1s good ; # portion of which is at present occupied by two mills, one of which, a large stone merchant's mill, with four run of stones, is employed/mainly in the manufac- ture of flour and kiln-dried meal. It has attached to it a plaster-mill, and is cipablo of turning out, annually, twenty thousand barrels of flour and meal, The other mill, which was burnt some years since, has recently been rebuilt upon a more improved plan and extensive | scale, and has equal advantages as to water, with the frrst-mentioned mill. It has two run of stones, but has been omployed principally in the manufacture of linseed oil, packing kiln dried meal, and chopping feed, for tho | New York market. Wool carding is also carried on to | a considerable extent; and is impyoving yearly. With | the facilities which a railroad to and from New York | and Easton would afford, the business of those mills would greatly increase, as a large amount of grain which now finds a market through tho Delaware division and Morris canal would concentrate here, ‘Thore 1s also within a circuit of six miles of Clinton, thirteen other flouring mills, most of which send a great portion of their | flour to New York, and would most probably, when this road is. completed, send their whole produce by it to that market. There is also threo oll mills within the samo distance, two of which have manufactured 15,000 bush- els of seed in one season. “Clinton and its vicinity abounds in limostone of an excellent quality, which would create a large trade on the road; a large quantity of ime would be used by the farmers along the eastern section of tho road for ma- nure ; 4 considerable amount is now used by them, not- | withstanding the expense and inconvenience of transporting from the quarries. With such faci- lities as a good railroad would afford, it would be impossible to estimate with any accuracy, the increase of the consumption of this mineral asa manure. ‘Phe iron mines, which have been extensively worked, ly- ing two miles north of Clinton, immediately on the line of the road, would, in all probability, be re-opened with profit, as there are in their immediate vicinity, three fur naces, one forge, and one rolling and slitting mill, that | are now idle for want of fuel, which difficulty would be obyiated by the completion of the rowd (o Easton, ng coal would by that chapnel be obtained at so reasonable « cost as to warrant their being put into repalr and iname: late operation. “The county of Warron has upwards of sixty stores, fifty grist mille and forty-five enw mills, slxteon carding machines, seven furnaces for onsting iron, two cotton and woollen factories, two fulling mills, four oil mills, five | plaster mills, two hundred and thirty-five tan vats, one glass factory, six distilleries of grain and thirty-five of cider, and has a population of upwards of 25,000 souls, It abounds in limestone and iron ore, and her mountains are rich in various valuable minerals, It contains rbout | 140,000 acres of improved lands, and it is amoug the most | fertile and productive grain counties in New Jersey, and | it fs supposed to produce annually, upwards of 1.099.004 bushels of grains, of various kinds, for mavket ‘The;water power at Belvidere Includes the ,whole |