The New York Herald Newspaper, August 12, 1859, Page 5

iz : : : < & EEE dec! the other hand, we felt that the state of the two ‘the war was not such as, in our interposing by any communication We therefore took the course which I one. We said:— We will communi- tothe Austrian Minister; they contain your ours; butwe will not them by any advice or opinion, and we shall distinctly say that it is not a communication from us but from you”? That was what ed; my noble friend gave the memorandum to Austrian Minister, telling him that it was not our but the proposal of the French goveroment— (bear, bear)—and that the Austrian grvoromens might deal with it as {} saw good; but as to terms, we ex; no opinion whatever. The right honorable itleman (Mr. Disraeli) seems to believe that the propcaes came from us, that it was framed on some ‘opinion or recommendation of ours. On this F pmced he is entirely misinformed. The right honorable gent an has also reverted to a matter that has more than once been a of remark on that side of the House, He says wo feli into the same mistake as the government of 1848, Matter has been repeatediy misrepresented, even alter statements that disproved the misrepresentation from im posacasion of the House ahowing what the trang really was, Why, sir, the English government of 1848 no control over the Powers waging ‘war in Italy. The terms proposed to the Sardinian | et lb the people of Lombardy were that bardy should be ereoted into an Austrian Arch posal ® single Austrian in Pibmbardy, Sar- diniang bad driven out the Austrian troops, and thero was a Sardinian government in Milan. To make such ‘@ propesition was a mockery; it was communicated b ‘the Austrian goverument to tho government then ing in Milan; it was treated with scorn and derision, and no answer was returned to it. Baron Hummelauer af- terwards suggested another arrangement; he suggeste1 an amendment of the first proposal, wbi:h related solely to Lombardy; the second propotal related to Venice. That city was then in the hands of the Venetians, ‘who were defending it against the Austrians, and it was pt ayeen that a proposition unsatisfactory to the Ral people would be accepted. But the state of things noon altered; the fortune of war tu: in favor of the ; Marsbal Radetzky, b: victories, re- of Lombardy, and of course the former 8 were not carried into effect. But the decision the jliah government took was one founded on the of things at the time. Now, the right hono rable gentleman says we ought not, under any eircumstances, to go into a conference on the ques- in dispute. He considers that the repre sentative of this count in the congress would merely bave to sign and register what the other Powers have settied. Now, there are two utterly different parts of the arrangement; ope consists of the stipulations mado with to Venetia and Lombardy. Venice is to remain to Austria; Lombardy has been conquered by the French and Sardinian arms, and is ceded to France as a mode of saving the amour propre of Austria, but it will be con- to Sardinia. - Un these points tho two parties to the war are entitled {o treat; they are matters arising on the territory that has been the seat of war, and is now held by the parties who were engaged in {t. But there will be other conditions of this arrangement, which relate to parts of Italy that the contending armies did not occupy, and with which the two contracting Powers have no right or author! a own Ete ores SER | H 5 E : I to cide them. that before we took decision we waited to see what arrangement would be made between the Austrian, French and Sardinian governments. He has also stated the various difficulties that may arise out of that arrange- ment. France and Austria may say Italy shall be a con- federation; but they have no power to Organize such a system; they say they will promote it; but it cannot be carried {nto effect by a treaty made at Zurich or arenes else. It must depend on the good will of the mem! of that confederation themselves. My noble friend then stated the difficulties that may arise out of the execution of such an arrangement. It is easy to do so, for really lie on the surface. It is presumed thet Austria and Sardinia will both be members of that confederation. How can the representatives of those governments meet at the same table and discuss common matters? (Hear.) The Pope ia to be the honorary head of the confederation ; but the King of Sardinia is excommunicated. (‘No.”’) ‘Yes; not personally, but any person taking posacesion of any part of the territory of the Pope is declared to be ex- communicated, and the commissioners of the King of Sar- dinia have exercised authority in the Papal ‘ions, and it requires no great logic to prove that by this fact the King of Sardinia ‘s excommunicated. (Hear) At all events, the presence of the Austrian, the Papal and the Sardinfan representatives at the same council board can- ‘Rot promote an amicable solution of any question that may arise there. (fear, hear.) Questions may arise of religious toleration and of the om of the press, or, ‘a8 it may be called, the license of the press; there may be questions as to the different degroes of political free- dom—all these subjects may have to be discussed at that Doard; and if Austria isa member of the confederation, ‘with any other State in which free institutions have been established, the latter will not work very harmoniously ‘with Austria and such States as Tuscany and Modena. And if we see that we can avert any existing evils and promote the improvement of the people of Italy, it is Rot only advisable, but it will be the duty of ber Majesty's government to use any influence it may be able to exert on behalf of the future rosperity of ‘be Italian States. (Hear, hear.) The Ponarabis and learned gentleman (Mr. Bowyer) has said that the government of Rome is much ma- Vigned, that it ie one of the most improving and progecs- sive governments in existence. But I would just ask him one question: How is it that for many years, unless foreign troops were kept in Rome to preserve order and put down diecontent, the Roman government would be overthrown ina day. (Hear.) The Roman government appears to think #0, and it must know es well as the hon- orable and learned gentleman whet are its relations with its own subjects. (Hear, hear.) It is uot the nature of men to overthrow every government without reason. Man is said to be a destructive animal, but not to that ex- tent. (Laughter.) Oa the contrary, wo find that when a government on the whole is good, even when partial in- surrections take place, the sense of the majority overrules the violence of the minority, and order is preserved. In 1848 this metropolis was reatened with a convulsion; ‘but what happened? A hundred thousand of the well dis- posed people armed themselves, not with daggers, pis. tols and muskets, but with honest English bludgeons, and the city was nearly as peaceful on the day of the movement as on the day before, or the day after it. So it would be with Romo if it were well re But the existence not only of discontent, but of bitter resent- ment against the government and everything that belongs to it, is, I say, the most conclusive proof that Rome has not that perfect and model government which the hono rable gentleman would have us believe, but that, in point of fact, as everbody well knows, it bas one of the very worst in the civilized world. It is said that the Roman ernment being a priestly and a Catholic government, it is not fitting that any Protestant Power shouid interfere to give it advice. But in 1882 that objection did not pre- ‘vent England, Prussia aud Russia—none of them Roman Catholic—from joining France and Austria in recommend Ing improvements which, if Rome had adopted, a ty touch 5 to say her ernment would ved itself og "mceiisoation and ‘aimoats hile Italy would have been rescued from of the pre ‘by which from that time to this she has un- oper comaton pressing iss) abould not ngatt oe a occasion presenting » Should not again ba followed, and if the united voice of Europe could be ‘Drought to bear upon it, surely so excellent, 80 progres- givea government, and one 20 well beloved by its sub- jects as the honorable and learned gedtleman would have ‘us 80] might easily be prevailed upon to movea little re (ie laugh.) There is no reason, then, why any unity should not be taken advantage of t) give geod ivice even to the Roman government in to amendment of its institutions. The honorable gentle. man does not believe the statement of my noble friend respecting the number of people in the Neapolitan States who are under the tyranny and oppression of the police. Ican assure the honorable member that my noble friend did not state anything which is not founded on good in- formation. That of itaelf is a proof to what degree these bad governments rendor wretched the unfortunate popu- Jations aubmitted to theirsway. And when it is said that we are the advocates of revolution, I answer that they are the real advocates of revolution who maintain these vicious governments, which exasperate the ple, and by making legitimate amelioration hopeless Ertve tato conspiracy and dark intrigue thoee. unhappy men who see no other means of ing from their ca- Jamities. (Cheers.) The right honorable gentioman dis- claimed the taunt .of my noble friend that ho treated Ttatian heppiness and Italian liberty with a sneer. Sir the right honorable gentleman went further, and tronted them with ridicule, He says my noble friend has always been under the delusion that in Italy there is a great whig a t whig—a great constitutional party that ‘There is a great country—and that party has year after year made hhead against the republican and Mazzinian party, which looks to subversion and convulsjon instead of to whole- some improvement. But I tell the right honorable gontle man that the similitude between England and Italy is greater than he in his airy and jocose vein represented it. There is not only a great whig party, buta tory party algo in Italy (a laugh); and that tory party, having pos- session of the on of the country, though in a minority, and being in conflict with the whigs, has been the cause of much of the troubles we have wit- nessed. (Cheers.) The whigsare the more numerous Dody, but they have not yet been able to got a vote of “No confidence’’ in their opponents passed (a laugh); and they are still writhing under the miserics entailed on them by the arbi and despotic party which governs. Idon’t deny, th constitutional sympathies which the right honorable gentieman imputes to us, and I frank- Eo pl men Rav ere op ‘very glad to see in the ascen- cy those true frionds of bef who desire to eatablish in every part of the Peninsula that rational and moderate freedom which is the only solid foundation of happiness. (Cheers ) I say, then, we have come to, and can come to, Bo decision upon the invitation that has veen offered to us, until it is known more completely what arrangements are to be made at Zurich—until it is known how far the jes there contracting may deal with matters which hey have no authority to settle—how far they may leave to consideration between themselves aud their allies questions which, though they have no power to dis- pose of, they are yet entitled to give their advice and Opinions upon. But we shall certainly not go into confe- rence with the view of taking any of those ombarrassing engagements which the right honorable gentleman depre- cates. And here I must remark that the course adopted yy gentlemen on that side of the House is not very con- aistent with that which they adopted when sitting hero; because they who are now 80 averse to a conforence them- selves strougly urged a congress. (Opposition choers. ) True, they advocated a congress before the war, and the conference now spoken of is to come after the war. But, surely, conferences and congresses do gonerally fowow she close of a war; and if it is meritorious to urge thoir NEW YORK HERALD, FRIDAY, AUGUST 12, 1859—TRIPLE SHEET. assembling before that » Why it is rious to enter into them after it, in order rangements wi date “But yen’s jual'y merito- modity ar- ‘are caicu- hear. gays tho right ~ yl don’t go into a conference pa one 4 Prospective engagements.” Excellent ad- vice; but how was it noted thee by its authors? It will be found from the blue book that there was a momoat when the government were to antec Sardinia for five long years against avy stiack from Aus- tria. Now, if ever there was an engagement not embar- rassing merely, but impossible for t's country fully to perform, it is nf is engagement which our predecessorg 8> on and jauntily offered to undertake. Why, if the meditated attack upon Sardinia had come from any quar- ter over which we could exercise @ controlling power, welland good, We might have measured the ex jenso, calculated the damage, set on the other side the advan e, and struck the balance. We might have guid, “True, it 18 an irksome and difficult undertaking. but we think we can fulfil it, and make it we will” But I should like to ask the right honorable gentlemaa in what way he would have prevented Austria from attacking Sardioia, Would be have sent an army to Genoa to resist her, and could he have sent one of sufficient magaitude? But he will say this was not an engagement to be takea by England simply but by England and Franeo, That is to say, we were tohavo the merit of giving Sardinia the guarantee, while France was to haye the burden of furnisbing the force which was to give effect to it. (A laugh.) ‘The French government, seeing through sick proposal, natural'y did not choose to accede to it, and 80 the matter was at an end. I mention this to show that when we are admonished above all things to abstain from Acopference by thoge who so warmly urged a congress, and when we are warned to avoid entangling engage ments by those who were ready to eater into the engage: ment I have described, the exuortations thus addressed to us need net weigh unduly in determining the coudact which the government ought to pursue. Sir, our desire is simply this—we wish well to I'aly; we think It is a country full of people endowed with every gift of Pro vidence. The hon. gentleman says its inhabitaots aro not bke ourselves; that wo must not treat Italy as we do England; that we must mot expect popular opinion to be called forth there as it is here. Unhappily, sir, Italy is not treated like England; but there ig no reaeon’ in the nature of things why it should not be—thero is no reason in the nature of man why its population should not be capable of enjoying the game civil and poiftical liberty, and of working the eame institutions with which fortune has favored ug. And, if the councils of Europe can lay the founcation of such an improvement by any arravgs- ments that can possibly be devised, I hold that the go vernments which ehould enter into communication for such @ purpose would deserve the applause of ali who value the welfare and happinees of mankind. (Cheers) The diecussion was continued by Mr. Baillic, Mr. Milnes and Mr, Whiteside, who reviewed at much jength and with great severity the Italian policy of the govern. ment in 1848. Mr. Drummonp expatiated upon the power of the Papa. cy, and urged the danger to this country of meddling with questions that did not concern us. ‘The Cuaxcutor of the Exciequer, in replying to Mr. Whiteside, examined with great minuteness a statement made by him that, in 1848, Austria had offered to Lord Palmerston, then Ainister of Foreign Affairs, if tho British ernment would intervene to restore , taat Lom aay should be made entirely independent and Venetia should receive a free const!tution—a proposal which Sar- dinia had, he said, accepted, Ho showed that this state ment was the result of a complete mistake on the part of Mr. Whiteside. In discussing the question whether this country should take part in the Con- ference, he urged the distinction between those rovisions of the treaty which lay between the bel- igerents and those wi were entirely beyond tho sphere of the war, and beWnged to the future relations of Italy. Under the circumstances, he thought it would be the grorsest imprudence to come to a hasty conclusion to repudiate a Conference, and he had, he said, the strongest hope aud conviction that the House of Com- mons would not consent to interpose between the exocu- tive government and the exercise of its discretion in the endeavor to give to the peace the form most conducive to the tranquillity of Europe. Mr. Maccire defended the Papal government against = ee - aan pean. — @ very flat- ring picture of the prosperit, ¢ Romagna, ‘Afted aw few remaris by MroP, ‘Urquhart Lord ©. Haantron vindicated the accuracy of Mr. White: side’s statement that Lord Palmerston had, in 1848, missed the opportunity of separating Lombardy from the Italian 18 of Austria. Lord J, Russktt, on tho other hand, maintained the ac- curacy of Mr. Gladatone’s history of the trausaction. He defended the mission of Lord Minto to Italy, aud ex- eared his belief that if the people of that coantry were to themselves they would form sound fpolitical in- stitutions. Some remarks were made by Lord Lovaine and Mr. Kinnaird, and the discussion ended by the papers being ordered to lie on the table. THE DISARMAMENT IN FRANCE. [From the Paris Moniteur, July 28.] The Emperor has decided that the army and navy shall ‘be restored to a peace footing with the least possible de- lay. (‘‘L/Empereur a décidé que les armees de terre et de mer seraient, dans le plus bref délai, remisesj sur le pied de paix.’”) ‘From the London Times, July 29.] ‘The Monileur of yesterday contains the most welcome announcement that could come to English ears from a foreign land. The French Emperor has issued his orders to disarm. With the least possible delay the army and pavy of France are to be restored to their peace establish- ment. The people of England reading these glad tidings poy take a Ce ee cae nee Leeper Gives apprehension i iL oomgre fe each other that the peril they Gresdel has Grito’ away, and thas they may turn back to peaceful pursuits, and to the leasant paths of human existence. It was not in panic fear, but in grave and sad disquietude, that wo in this island regarded that heavy cloud, so charged with electri city, which loomed upon the near horizon. We felt that it must burst or must disperee, aud if it burst we had ‘but small choice in our conjectures as to where oniy the bolt must fall. Frankly then, we acknowledge in this salutary determination of our neighbor and ally a proof of loyal adberence to the friendship which has united these two great nations, and gladly Teoognis in it a pledge of future peace to Europe. Undoubtedly, the re- solution has been taken solely from consideration for the true interests of Franco. She has had her season of new glories, and the Emperor has gained his first crown of laurels. It is moderate and it is wise t stop while the appetite is still unsated. Rien épwiser is a maxim of personal economy, which is true algo in public and national concerns, Napoleon III. bas done, perhaps, Jess than he might once have intended to do in Italy, but he bas done all that he has chosen to attempt. We will not now stop to diecuss the shortcomings, or to anticipate what may be the ultimate result of the new system that must be there established. Having, however, determined to cloge this chapter of his history, the Emperor has must wisely consulted the financial exigencies and the material advantage of his kingdom in staying the heavy expendi- ture of men and money, and in giving France, as wo hope, a long repose from the unprofitable ’ toil of war. We have said upon former occasions that for @ war to be popular in France it must be short, and it must be successful. The war which has just closed has fulfilled both these conditions. We recognise in this dia. armament the sagacity of the Emperor in gauging the temper of his people; and, for our own part, we rejoice that we may now return to security and peace. We shall, of course, in due time follow the example of our neigh- bor. We are, however, much behind him in the com- pleteness of our peace ‘establishment, There arc many specks of rust yot to be rubbed away, and many moulder- ing works yetto be repaired. But these are merely the ordinary matters of defence. Having no ideas of aggression, and being too careless of remote [ole we have let many things run into pair. The careful householder paints and papers periodically, and we have been stimulated by re cent events to survey our premises and make good delapi- dations. Happily, there is now no farther need that this should be donejin haste, We have handed the con- sideration of these matters over to a Commission, which is about to decide what is the permanent defensive estab. Mahment which these islands require in times of peace, at the basis whence upon an berg fall war ostablish ment might be quickly built up. By the report of that Commision we shall be guided; and we congratulate our- selves and our readere that we may hereafter deal with these questions dispassionately as points of mere ongincer- ing or strategic science, and without fear that the fortifl cations which England, like all other Powers, must neces. sariiy keep up, aro in danger of being at any early day tested by an enomy. {From the London News, July 29.) The French goverrment announces ite purpose to re- place its army and navy upon a peace footng. The exe- Cution of this measure would be the most valuable pledge that could be given for the peace of the world, It is true that the measure exists at present only in intention; true, algo, that we do not know the extent of the reductions contemplated; and true, moreover, that whatever their extent they must still leave France a mighty neighbor. But let us moderate our desires to what is possible, nor throw away a great opportunity by unreasonabieness. This diminution of immense armaments is spon- tancously resolved on before the armistice is a month old, and while the peace exists only in its preliminaries, It as the sign and earnest of a pacific disposition that the worth of the announcement ought to be estimated. It will be accepted here with candor, not indeed as @ reason for foregoing the demand for those reforms in our belligerent services of which we have been made to feel the need so painfully, nor for acquiescing in a return to a state of costly ineffl ciency, but as a reaeon for dismissing the lessons of dark distrust which have of late been inculcated as the perfec- tion of political wisdom. Credulity may betray, but con- fidence ts the life of civilization. We are aware that in some quarters this declaration of an intention to disarm will be received as certam evidence that the plot against England has become darker and deeper, The apocalyp- tic inter; would with life sooner than give up his “little horn,’ the prophets will not quietly be baulked of their promised invagion; the psycho- logista will insist on the soundness of their ¢ priori thoory of the characterof Louis Napoleon; but men of the world will try and make the best of their age and of ita chief actors, nor let exccasive caution consume the marrow ot their life. We have too much lost ground to recover to permit us to abandon the reforms we have prosecuted in our naval and mili administration; but we do not alm ‘at, the nation would }, any great extension of our actual forces. What is, above all things, wanted ia a means of developing, with a rapidity 4} to the progrees of the times, that reserve of national force of the greatness of which we have so oftea given proof. The pursuit of improvements of this kind, such, for instance, as the institution of a system of manning navy that should procure for us the advan the French derive from their reorulement and ‘maritime, cannot possibly be misconstrued in France. ‘The pacific charscter of our policy is too plainly traced by our commercial interests, by the growing disap- robation of war as a means of promoting national ob- jects, topermit these merely defensive precautions to become temptations to aggression. FINANCIAL EFFECT OF THE NEWS IN LONDON. {From the London Times (City Article), Jaly 29 } Tn consequence of the announcement in the Moniteur that the French army and navy are to be reduced to a ce footing with the least possible delay, the English funds opened this morning at a rise of half a cent, but it ‘was only partially maintained. From the Paris Bourse the carly acoounts showed n rise of more than three quarters per cent, but ither this nor th of tl Grand Duke of Tuecany produced any material effect. The experieuce for years past that the an- pnouncement is put forth by the French government have been merely a cover to ulterior movements of @ differen character, precludes the possibility of ready faith being wocorded to any wtsurances, however strong may be the with, and causes cach new change to be considered merely a8 @ signal for fresh vigilance. The fact that the resolution ha® been promulgated to dey appareatly to compel or facilitate a highly pacific statement from Lord Jobn Russell this evening, has not increased the cond dence with which it is regarded. Nevertheless, the pub- lic are dispored to continue to encourage their recent im Pression, that the ceremony of a coronstion may, perhaps, Serve for 8x months or a year to avert the creation of other eutjects of excitement THY DISARMAMENT QUESTION IN PARLIAMENT. To the Houge of Commons, on the 29th of July, on the motion for she adjournment of the House on Monday’, Mr. Banrinck aeked whether there was apy iatention on the part of the government to reduce the naval armaments of the country. He asgerted that the announcement lately made by the Emperor of the French was no reason why government should desist from piecing our miliary aad baval defences in an eflisient state. ‘After gome remarks from Mr. Coningham, Mr. Linpsay said he belleved the Emperor of Fravce was desirous of peace, and he hoped Lord Palmerstoa wouid meet him in the game epirit, and reduce our expenditure. Lord AsHiey thought that we ought to keep up our bavy, irrcnpective of any other couutry. Mr. ScuLLY askea whether the Pope had accepted the Presidency of the Italian Coofederation, and if so, whether her Majesty's goveroment were prepared to establish diplomatic relations with the court of Rome. Lord Palmerston thought the firet part of the question would be moet satisfactorily answered by Mr. Bowyer, who was generally regarded as more in the dence than Her Majesty's Government, (Laughter. apy Iiallan Confederation were formed, with the Popo at its bead, no doubt we should have diplomatic relations with the Diet which would constitute, the organ as we bad with the Diet of the German Confederation ; but the re- presentative gent to the Diet would be entirely indepsnd ent of the representatives at the courte of the various Powere constituting the Confederation. With regard to relations with the Court of Rome, it would be recollected that tome years ago a bill was enabling Her ag 4 to enter lato diplomatic relations with the Pope, but the House of Lorda inserted in it a claaso prohibitory of recetving an ecclesiastic ua the Pope’s re- presentative. The court of Rome considered that cl @ bar to tho establisiment of diplomatic relations, though it bad not done go in the case of the countries of Russis or Prugsia, both of which Powers declined to receive an eccles) With regard to the question of Mr. Beatiack it would be premature for government to express any opinion upon events which had not happened. At tho tame time he did not think it would bo poselbie as a prin. ciple for government to enter into any agreement with any other Power for an arithmetical reduction of military and naval establishments, as the circumstances of Great Britain, her position, and tho position she has to maintain, were widely different from those of any other country, On the motion for going into Committee of Supply, Mr. Horsman moved the following resolution :—That ibe expense of compieting the national defences J pesterne or already in progress, should be met by a fund specialiy provided for t} yurpose, independent of the annual votes of Parliament. He pointed out that the count absolutely defencelees, and that, according to the present system, the fortifications at Woolwich, Portland, Alder- ney, Dover, and other places, would take years to com- plete. They were admitted to be necessary and of use, and they ought to be completed at once. With this view as the expenditure, if incured now instead of being spread over @ number of yeare, would be an exirasrdta one, he suggest that recourse should be bad to a joan, He earnestly drew atten tion to the ‘acticability of an invasion, and said that although all might hope that war was distant, it was their duty at once to make use of the time of peace, and not jose a day in preparing for such a contingency and preserve the country from the humiliating position of being constantly in fear of it. He believed that the arma- ments of this country were far below a peace establish. ment, and he desired to see them at once raised to the minimum required to guarantee its security. Mr. S, Hexpxrr said when government first directed its attention to the defences of the country public opinion ‘was adveree to it, but now be was glad to see that a re- action had taken place. After a debate the Housa divided, when Mr. Horsman’s amendment was loat by a majority of%7. The House shortly afterwards adjourned. Napoleon on the English Budget. THE WAR EXPENSES OF ENGLAND AND FRANCE. {From the Paris Moniteur, July 26.) It is sought in England to attribute to France the cause of the charges which are imposed on the Engiish people on account of the “national defences.” It is the exagge- ration of our armaments which serves as a justification for the considerable increase in the estimates for the army and navy of Great Britain. ‘A comparison of our budgets with the English esti- mates will show how erroneous these apprehensions are. Bince 1863 the English estimates have increased by £18,438,000 (say 836 millions of francs), and the military and naval services enter into that increase for more than 200 millions of francs. In the year now commenced thee two estimates will cost Eogland more than 650 mil- Hong, of which those for the army will be 332,500,000f. and for the navy 320 millions of francs. In France, the budget of war, in accordance with the vote, only amounts to 830,458,744. and the budget of ma- rine to 123,508,148f.* This is'a gum of about 463 millions of francs, and consequently much below the expense of Great Britain for the same services. There Is for the budget of war a varying amount which depen is on the price of commodities. “It was principally on account of their increased pric? that in 1859 the budget of war roge to 361,97,500f., and this applied equally to the eum originally granted as well as to the supplomenta- ry credits calculated on. For the Ministry of Marine ‘the expenses rose to 122.963,883f. In 1858 the Ministry of War apent 376,822,686., and the Ministry of Ma- rine 187,080,260f. Now if we refer to the year 1853 to see what was our condition before the preparations for the war in the Crimea, it will be eeen that the whole account amounts for War to $22,740,800f, and for Marine to 99,195,965f. In fine, if it is wished to look further back, and take the Iset years of the Inet government, it will be seen that for War we wore below the expense of 1847, which rore to 873,365,981f.,} and for Marine. which was 148,637,609f {| Without doubt the sums for 1859 and 1860 do not incluce the expenses of the war in Italy and tho expedition to Cochin China, which cannot as yet be cor- rectly appreciated; but it is probable that the loan of 600,000,0c0r. will leave @ considerable sum disposabie after the settlement of those expenses, and as soon ug the events which required them shall be accomplished they ‘will return to their normal state. We demand, then, whether it is to France and to ita ex- traordizary armaments that we must attribute the exces- sive charges that are thrown upon the English people, or | whether these enormous expenses and the imposts which they occasion ought not to be attributed to other causes. * Tt ia necessary to remark that the budgets of war and ms- rine include, beaides the expenses of pay and provisions for the effective troors. avd thore cf the materiel of war and ma rine, al) the sume devoted each vear to extri ry works of military engineering and the maritime ports, + Uncer tals head are reckoned the expenses of Algeria, set down now in & special budget at 16,000, 000r- : efit {heme calcalations the exerclies of the troops tn 1854, 1866, 1856 and 1887 (which have been occasioned py the ex: penges of the war in the Crimes) are not reckoned, The Goodwood Races. TRIUMPH OF AN AMERICAN HORSE FOR THE STAKES. Wepnespay, Jury 27.—Goodwood Stakes, of 26 sovs. each, 15 ft., and five only if declared, &c, Winners extra. The second to receive 100 sovs. out of the stakes. ‘Two miles and a half; 98 subs., 53 of whom declared, Mr, R. Ten Broeck’s Starke, by Wagner—Reel, 4 yrs., ‘7st. 71b. (Plumb). + seeeeees Mr. J. Sheliey’s Lifeboat, 4 yrs., Set. 7lb. (Wells)..... Mr. Rigby’s Blue Jacket, 6 yrs., 8st. oe ‘ordham).. Mr. J. Thompeon’s Heiress, 3 yrs, (including 3lb. ex- tra), 6st. 101b, (Madden)... ....seccseeeee Lord Cliféen’s Melisea, 6 yre., 8st. 2ib. (Bray) Baron de Miviere’s Migs Cath, 6 yre., 7st. 101b. (C. Pratt). Lord Alleabury's Compromise, 4’yra, (including Sib. extra), Tat. Flatman). Count de Prado’s Gouvicux, 4 yrs., 7st. 51b. (G. Pratt). Mr. Lambert's Queenstown, 4 yrs., 7st. 4lb. (F. Adame) 8 yrs. (including sib. Lord Strathmore’s Worcester, extra), 7st. 2b. (Charlton), Captain Christie’s Ferndale, 4 yrs., 6st. 12Ib. (Bullock). Mr. Gratwicke’s Ethiopian, 4 yrs., Gat. 1llb. (J. Daley). Mr. Denman na. Tocher, 4 yrs. 6st. 2lb. (J. Adams), Mr. T. Parr’s Gaspard, 3 yrs , 6st. 2ib. lioner),. Mr. Saxon’s Queen Boss, 6 yre., bat. 101b. (Grimshaw). Mr. W.S.S. Crawfurd’s Helia,'3 yrs., 6st. 2ib, (W. Bote tom). Mn Ten Brocck’s Woodburn, 3 yre., det, 10ib, (car. 6st. 7b. (Custance). .—7 to 2 aget, Lifeboat; 6 to 1 agst. Queen Bess; 1 2 3 4 Berns 8 to 1 agst. Blue Jacket; 12 to 1 aget. Compromise; 100 to | 7 ugst. Gaspard; 100 t> 6 agst. Starke; 100 to 6 agst. Me- ligsa; 20 to 1 agst. Ethiopian; 20 tol agst. Worcester: 25 to 1 agst. Tocher; 25 to 1 agst. Heiress; 30to 1 agst. He lia; 33 to 1 aget. Queenstown; 33 to 1 agst. Ferndale. ‘The horses got away on the firat attempt, Woodburn, who was started to make running for Starke, er off with the lead, followed by Tocher, Melissa, Queen Bees, Heiress and Compromise, nearly in the order named, and pretty well laid up; Queenstown and Goavieux whipping in. They passed the stand without any material aitera- tion, but on berg the turn out of the straight Woodburn increased his lead, and inpursuit of him at clear intervals were Tocher, Melissa, Ethiopian, and Heirees. About six lengths behind them came Gaspard, with Blue Jacket, Ferndale, and Compromise at his heels, Queenstown and Gouvieux being still last. After rounding the clump Melissa drew into the third place, and the lot were in pretty close order soon after coming into sight, with the exception of Queenstown and Gouvieux, who were now hopelessly beaten. As they ascended the hill Melissa took up thorun- ning, followed by Tocher, Starke and Heiress, Lifeboat, who ‘had been lying off in the ruck, now joining the lead: ing horses. After making the last turn, and in coming down the hill, Melissa’s leg gave way, and she dropped into the rear, leaving Biue Jacket with the lead, Starke second, in close attendance upon him, Lifeboat, Heiress and Gaspard next. At the distance Starke took up therun- ning, and Lifeboat passed Blue Jacket at the inclosure, challenged “the American,” but failed to got up, an was, after a fine race, beaten by half « length,’ Blue Jacket being six lengths from the second; Heiress was fourth, beaten off; Compromise was fifth, and Gaspard sixth, clore up with Holress, Heading the noxt lot, all Pulling, up, were Miss Cath and Gouvieux. The others id not pass the spot. Molissa was disinounted before reching the stand, and far behind her came Woodburn, trotting in, THE CONTEST FOR THE CUP. THURADAY, JuLy 28.—The weather during the morning excited many mirgi in the minds of intending visiters to Goodwood. Black clouds gathered ominously, by noon & slight shower of rain fell, and the expectation of a plea- fant day seemed about to be quite destroyed. The hopes of the holiday people were, Vowever, tpeedtty revirod, the rain soon ceased, and tho threatening clouds disap- peared beforea smart wind. A more ous afvernoon could not well have been desired; atmosphere was delightfully cool, and the only inconvenience felt was caused by the dust, which rendored the services of tho shoeblack brigade indispensable, The attendance was quite equal toa cup day’s average. In tho grand stand enclosurse were congregated as usual, many mem- bers of the aristocracy, and from France, Germany and America, wero mi visiters, who had arrivad ox- preasly to witness the ‘glories’’ and assist at tho proceed meee Goodwood meeting. The arrangemen's on the was now | ary | odication of the | course were entrusted to the usual competent | | Senatz wife and ini | Barab Cials, and whether ment or to the regulations for the pr of or the comfort of the visiters, they were carried out with the utmost mptitude and success. The racing was pretty eno and sufficiently effective to excite the curt: osity and sustain the interest of the more uninitiated spec tator, while to the professional spo! maa ft was mark- ¢d by @ significance and importance of the highest cha ac- ter, The two-year-old events are likely to be long remem- bered and to exercise an important influence over future Speculations. The reputation which certain animels that were brought out for them had already acquired by public performances was fully sustained, and tae popular belief in the superior quality of this year’s two-year olds was con- firmed. For the Findon stakes several youngsters that had been bucked for the Derby were introduced to th pudiic, Thormanby, who basestablished his reputation, wat made the favorite, while Thunderbolt, Contading and Nut- Deurne alto found supporters. It was justly remarked that @ more attractive lot of two-year-olds had seldom Deen saddled than those which contested this race. Nut- bourne won, and Thunderbolt was second; Thormanby, who carried 5 Ibs. extra, was third, defeated, bat not dis graced. The judgment displayed by the backers of horses received emple confirmation by the result of this event, for the only animals supported in the ring were the first five in the race, Buccaneer, the {irst favorite for the Derby, carried off the Molecomb Stakes in a style calcu Isted to strengthen tho opinion or those who deem him the best of hie year. Toe Wizard, a colt in John Scott's stable, made @ most succereful debut for the Bentinck Memorial, and hig name is not likely to be omiiled a frequency from the liet of quotations in the Twelve started for the cup, and Promjsed Land, who had encountered #0 much hoatiity fp the betting that woo to Cho waa currently offered against him yesterday, and Wo believe that last pght even as muct as ooe hundred to Bix was laid, was made first fevorite; Leamingtoa, de- spite bis reported lameneee, being backed at seven to wo, while the American mare Prioress found partisans at foar focne. Union Jack, an animal who wae described as the beat of the French three year olds, and who was seat to Eegland expressly for this race, was supported at eight to one, a8 much, it would seem, on account of the fa- vorable rms oa which he met his opponents as from avy re elief which existed with regard to his raciog bility. From the description which we furnish of the ce it will be geen that the efforts of the ‘America sta- to obtain the Goodwood cup were again ineffectual, for, although Prioress ran into the third place, yet her performance showed that ehe does not possess the calibre to compete nuccessfully with first class Eoglish horses un. lees she bas a great advantage in the weights, Promised Land, £0 long firet favorite tor the Derby, won without an effort, and induced people to remember bis running for the “blue ribbon of the turf” with feelings of disappoint. ment. He is, no doubt, the horse of his year. Leaming ton broke down, and the celebrated Toxopholite, whose “staying” powers have always been questioned, was une qual to the severities of the Cup Couree. The bookmakers were heavy losers on the day's raciog, and the memoi of the present meeting is not likely to afford them. mock satisfaction. The railway arrangements at Chichester, Drayten, Brighton and in London were admirable, and the pasgengers were enabled to reach their destioations with out Ld more incenvenience than is experienced in a large crow The Goodwood Cup, value 300 govs., the reat in spacie by subscription of 20’ sovs , with 100 added; the second to pe tl Boys. out of the stakes. Two miles aod a tubs. Mr. W. Day’s the Promised Land, by Jericho, 3 yrs, Tet. 7Ib. (Bray). : se lhc alga Mr. Rigby’s Newcastle, 3 yre., 7st. 71b. (Fordham) Ls Mr. R. Ten Broeck’s Prioress, 6 yra., 8st. 6ib. (Plumd) Lord Glasgow's Toxophilite, 4 yra., 9st. (Aldcroft).... Mr. F. Biggin’s Leamington, 6 yrs ,9at 101. (Wells Count F. de Lagrange’s Mademoiselle de Chantilly, Yr8., Bet. 31d. (J. Goater) sss... i Baron Rothschild’s North Lincoln, 3 yrs, 7st. 71>. Mr. C. Jobnstone’s Marionette, 3 yrs., 7st. 7lbs. (L, Snowden). Preece wee Mr. J. Clark’s Scent, 3 yra., Tat. 3ib. (Hibbard), br. W. Day’s Schism, 3 yrs, 7et. 3b. (J. Adams) Mr. hes Broeck’s Woodburn, 3 yrs., 6st. 7lb. 6st. 7b. Challoner). Se sues nab oa es ting—3 to 1 aget. tho Promised Laud; 7 to 2 agst. Leamington; 4 to 1 agst. Prioress; 8 to 1 agst. Union Jack; 12 to 1 aget. Marionette; 15 to 1 aget. North Lincoln; 20 to ‘Lagst. Newcastle. * foo3burn went away at his quickest pace, and was soon in possession of a lead of upwards of twenty lengths, Mademoigelle de Chantilly being second, Toxophilite and Promised Land next, Schism, Prioress and Marionette running side by side in their wake. They travelled in this order out of the straight, and on entering the Craven Course Toxophilite dieappeared from his prominent place and Schism and Promised Land kept close company, third and fourth, just behind the French mare. At an interval of several lengths came Prior: opbiltte, Marionette, and Newcastle, lying together, Leamington bringing up the rear. Oa app: ing the Glump Schiem quitted her stable companion, drew up to Mademoiselle de Chantilly, who now to drop back, and Schism was soen alongeide of Woodburn, whom she deprived of the lead on rounding the Clamp, atwhich point Toxophilite showed distinctly in the rear. On reappearing in sight from bebind the hill Schism was twenty lengths in ad: Promised Land and Prioress ‘being second and third, nearly abreast. On making the last turn, Schism resigned the lead to Promised Land, Priorees, Newcastle, and North Lincoln going on next in purenit, and both Toxophilite and Leamington feemed about to improve their positions The former, however, did not live dong se front, and Leamington broke down badly soon r rounding the turn, The race, however, was virtually over at the distance, for Promised Land gplioped in at his leigure, the winner by six lengths, four lengtbs separating the second from the third. The others straggled homo at wide intervals. Scent, who passed both North Lincola and Scbism—who ‘were pulled up at the enclosure—being the next to tha post. Upwards of one hundred yards behind them was Ucion Jack trotting in, followed at ill wider interval by Msrionette and Toxopholite. Leamington, Mademol- selle de Chantilly and Woodburn watked to the stand. AMERICAN HORSES IN ENGLAND. It appears from the Liverpool papers of the 30th ult. that Mr. Ten Broeck’s American horse Starke (the winner of the Goodwood stakes) was the victor io the race for the Bentinck memorial stakes, valued at one thousand fovereigns. Fifceen horees ran, and Priorese was third, Mr. Ten Broeck is reported to have won £25,000 by his horse beating the fleld for the Goodwood stakes, The Nursery stakes also ran for on Friday were won by Mr. Ten Broeck’s two year old Umpire, by Lecomte. © 00d © S Coc Arrivals and Departures, ARRIVALS. At the Bvereit House ~Capt Judkins, R.M. eteamebip Persia; JM Delgado, wife, two children aud servant, Mr. Armenteros, Babar: imith, James H. Nichols and wife, Charleston, 8.0.; J.L. Summer, Baltimore; J. H Welles James Acker, New York; H. 1. Crowell, Cleveland, O ; F B Cooley, Chi- J. &.Crump and wife, Phila- = B ushiog. bests eee P. W. Brown, Richm \nd, Va.; T. W. Brad! it ' 5M 8 i ‘Va; W. O, Smith, steamabip Yorkiswa. Pac Matagorda Bay, in theachr Stampede—G W Polndex- . a From California, via Aspinwall, in steamship North OK Garten, DrDO Wilke Mrs A's E Tams, H J Quinn, Julius Cluster and wife,’ John suite, Mien Fanny Morant. B Oatmi Vanderven and child, W H Marsh and Iay Hammond, Willis. J M Morrow, G B thi ton, ¥ Mil J Colwell and R Henley, D Colin Sreseenrites, ‘5 W Cook, W. J Morey, J want, 3 Morey, J J Want Lyons? Chureh, P John Hoyle, Miss J Oakley, J stsAlama, N Percival, J M Hull, J Milland, D Swafford, Baths Ot ganaters aeons ay tonne J C Bande: eri 5 andfon J ai iar, A. Hawailton, J Usbame rurieh, CY ag. BW 8 W Finley, ‘Wm Doyle, H C Obubbuck, roke, 8 Shay, M Byrne, J. Daven .B. Johnson, cn and wife, J W Kichardson, W ‘Colin Miller, G Uodyke, J Brooks, K Burrows, J Collins, 8 Teaacs, W_ x uion, § Prior, W G Hicks, HS Briggs, T Stacey, A Kessel, Hoy, L Meyer—and 850 in steerage. From California, &c., in steamabip Star of the West—Mrs 8 ‘W_Inge, 8 W FPRey Jr, Master & Inge. W F Babcock and son, J T Howsrd, F 1 Castie, wife, three children and servant; Mrs FJ Biatr, H Fish, sist ‘two infants and servant; 8 ‘Stephens, Mrs Goodwin, 5 Pitman son. Rev8G@ Fulton Jonn Oo- ma ler, Huck, Jas Allen. H Walker, H Jones, C Rickard, W B Osldwell, Joha Davis, Jas Blair, J Hall, Thomas ire AB Baies, Migs B_A’ ‘Brooke, 8 Jaoobs, and two children; W L Gibeon and wife, Kirk Anderson. Sowers, Mrs McNulty, son and daughter; WH Bovee, A ti Jas Tidbets, wife and infant; Mra Bohl, J Johnson, wife and ehiid; O L Crackburn, J B Humphreys, Jas 8 Pender. wife and three infants; Z Leutora and wife, U M McKinney, Chas Gau‘er, C Fouts, 8 ‘Bloomfeld, Capt Fit, B . B Webel, wite and two infants; M Huzzy, Vecbull, wife and infant; & Boessier, V F Forest, W JSudhoft PV Blanchard, J Creliey, JB Brown, GA Butler, © B Thatcher, @ Desey, Ww H_Ptuil, 8 Gitzendanaeo, © Car- penter. BP Thompson, Saml Reed,’ Mrs J A Rich, PW Smith, Wilcoxson, A P Andrews, BE A Sabatie, R Hughes, P Taylor ard servant, T W Park, W B Hyde. Cap! Robiason, wife and infent, L Chopkan, T B Leavitt, 8 Fullerton, Kev *'B W Chandler, Miss Chandler, RA Jones, Oapt W! Smith, N M Feld, J Miller, C Greenough, J Baylis, N H Bancon, D Low, WH Bartor and wife G Barnes, Mrs Block, H Oarran, § Philips, H Gray, GF Wat- gon, C RB Childs, AG Morton, SN Henriques, Thos Sto) Jas'Stokes, and 2f0 in the steerage, From Liverpool, in steamship Arabia, at Boston—Mr Shaw, wife, three children and three servacts; Mr Harrison, wife an: fervant; Mr Walkington, wife, two children, infant and turse; Mr Orne and wife, r, Miss it, Mrs Pratt, Miss ‘Cap! Winter, Sumner, Blsenberg. Calkin, 7! wife, Misses Perine, Sumner, Fellows, Messra Cumming, rine, Welah, Humpbries, Brown and wife, Graydon aad two childres. Gunn, , two. LJ nurse: pate mann, Healey. Capt McKinnon, Messrs Christy, Clark, Dolan, Moulson, Delis.e, Raymond, Thorp, Gillott, Kemp, sig ics, Chipley, Harrison, Field, Jr. Pierce, Edwards, Holmes, ih HokdFaylor, Stearns, Stinner and From Havre and Southampton, inateamship Fulton—Mre Ay- ache. A Akar, Miss A Atlas, D Hanks, Jr, and servant; W Banka, Dr Brarhlet, A Barbey, Stewart H Brown, J Sanding, ‘uhl, Mrs Biedermann, @ Sradahaw, L Bonpafaur, F F Jones, children; 4 ei toe Has Gate ke Matthew Morgan. T B McCall, MoCa'l aud two dang! X Moss, MoUreen: child; Mre eee ee Reville, J Ozanne and lady, and Indy, KE Renard, A Rubenstein ‘aad 1 ‘Bim TO Steven. Gnughter and eervant: James Sykes, Le rt ieasheflogky J Sebled, Job Sait, J Soddant, Ira Smith iy, in, reatfelt three ters, Wolters and lady, J Walz, A Wyat—Towl aa ee & From Glaagow fm the steamship Gli t—John Mo Tulloch, D J Colton, ) @ Mortly, Miss Frances olion J manag. abe Mra D NeKendrick, Miss aria. 1 Meco Maria Wataox ‘Misa Obarlotte Calder, Robert Dancan, Henry Kemp, Rover? @ | public are left to conjecture. tnfant anf nurte, Miss McCluir | and 4 er, O Baker, J Bedle, ‘Lindsay, Wm McB money, lady and child; P Murphey, jit P son, Wak Grubb Me arinstrong aud ix daughiorg Baker, ower hn ,8 Taylor, D Loy Hughes—and 18m aterage”, secial a eaTea DEPARTURES. fin steamehip Rurops, from Boston—@ D hieto, wife and two children Boston, W 8 Howes. talem; Jonas Prescott, Westford, Mass; W Sprague, L de Manni, Provideroe: T A Comatonk, Coanestiout; ara Mery Monroe, Mise Jones, Migs Gillott and’ two servants, Mina Hecksber, er, As toni de Valle, F Mositgigus, {u, New York; Mr and Mra Jonn re Corr Pitteburg; O Ms Zanesville, Obio; A Henverson, T Berry, Georgia; J8 Gibo Mobile Mr and Mrs Peter aa: For Ltverpool Dood, Misnael & Eocarra. K co Castra, ‘W Weeks, Weet Indies; J Craig, Fleming Glasgow, Mrand Mra John 8sitis snd Thomas Warren, oons For Faifax. & Roberts, Medfield, New York ; W Bory: Miss H’ Carver, Philadelphia; J weers—9. Tcta! 67. avi e. J t's asgenges nS. Mass; Rev 4 F Bewett, Boryear, R Stead Jersey: a B Carver, 8 Car ve Carter, Georgia, con- FINANCIAL AND COMMERCIAL. Tuvrapay, August 11—6 P. M. ‘The arrival of the mails from Boston and those per steamer Fulton places us in possession of a week’s later files. The points of the news have been already given by telegraph. The general tenor of the newspapers indi- cates a subsidence of the alarm in reference to the sup. posed designs of Napoleon against Great Britain, though tome British writers continue to harp upon the naval armament of the French. The prospect of a general dis- armament had relieved the minds of merchants, and the revival of business was proceeding so vigorously that it was considered unlikely that money would remain for any length of time as cheap as it was. From the commerce and navigation returns for June, which had just been published, a commercial paper compiles the following, as showing the effect of the war upon the trade between England and the United States:— The United States took in June—of cottons, £362,033, against £183,859 in 1858, and £351,493 in 1857; of Iinens, £185,176, against £140,083 in 1858, and £156,012 in 1857: and of railway iron, £92,665, against £1,470 in 1858, and £71,086 in 1857. The papers generally speak favorably of the crop pros- pects, though the effect of the July thunder storms has not yet been accurately determined. The return from the Bank of England for the week ending the 27th of July gives the following results when compared with the previous week:— Public deposits.. Other deposits. On the other side of the account:— Increase...£35,884 Government securities...£11,170,680 Decrease..£100,000 Other + 17,850,396 Increase... 95,957 9,472,680 Decrease... 16,370 ‘The amount of notes in circulation is £21,841,015, being a decrease of £223,825, and the stock of bullion in both departments is £17,462,600, showing a decrease of £236,- 927 when compared with the preceding return. Baring Brothers write:— American stocks have shown little change and little ac- tivity this week. United States 6's, bonds, 9634 a 9837; do 5’s, 020.93; Massachusetts sterling, 1013; 0102; Ma- rylana do., 9334 a 95; Pennsylvania certificates, 80 @ 81; onda, 82. 84, both ex diy.: Virginia bonds, 85; Canada 6's, 112.8 11234. Nova Scotia and New Brunswick, 108 a 10834, Pennsylvania Central let mortgage, 90 a 91; 2d do., sterling, 9434 a 9534; Illinois Central, 7934; Freeland, 88; Michigan Central, 63 }¢; do. , 83, ‘The position of the market for American securities is ‘thus noticed by Messrs. D. Bell, Son & Co,:— ‘The market for American State stocks continues to im- OVE. uring the past week the inquiry for them has een general, whi'st the more active demand has been for the bonds of the States of Pennsylvania and Virginia. The inquiry for Panama bonds, noticed in our last report, has been followed by some large purchases of them for in- vestment. In other railway ids but little doing. United States 6 per cent bonds, 1868 973g a OB Ditto 6 per cent, 1874 92°" a 98 Alabama 5 per cents. 6 a 77 Kentucky 6 per cen 2 a Ot Maryland 6 per cent bondi 93 a 95 Mastachusetts 5 per cent 00 al02 Ohio 6 per cent ptock, 1886. 98 =al00 Penpsyivania 5 per cent stock. ° a 84 Pevnsylvania 5 per cent bon ‘84a 86 sears Virginia 6 per cent bonds, 1886. a 85 Do. 6 per cent sterling bonds, 1888. . & 85 Montreal City 6 per cents, 1856-1865 a 82 Illinois Central 7 per cent bonds, 1st a 80 Do. 6 percent do., 1875.. a 78 Do 7 per cent freeland bon: A a 88 Michigan Central 8 per cent do. a st New York Central 6 per cent bands, a 85 Do. 7 per cent bonds, 1864 a 95 New York and Erie 7 per 3 , a 58 Panams7 p. c. 1st mort’e stg bonds, 1869. 102 Do. 7 per cent do , 1865 a 97 | Pennsylvania Central 6 y +90 BOL We quote money a shade easier to-day in this market, On cail it can be had at six per cent, and first class four months endorsed paper goes at eight without difficulty. Loans made afew days since at seven are not disturbed, for if the banks make money easier again this week, the outflow of epecie will very quickly oblige them to renew the contraction after the next etatement. Exchange continues exceedingly dull; we quote sterling Dills (bankers’) at 1097 a 1103¢ for sixty days, and 110%, a 5¢ for sight; the leading drawers are asking higher rates than these, but very little business is done above our figures. On Saturday the steamers will probably taxe out at least three-quarters of a million, and even this amount may be exceeded since the arrival of the Star of the Weat this evening. There wasa trifie more activity in stocks to-day, and in some instances higher prices were realized. Seve- ral causes are concurring at the present time which may lead to a more active time in the stock market. The long expected increase in the earn- ings of the railroads is belng felt at last. During the first week in August the Galena only fell some $1,200 below last year, and the Tolede only $800; the Rock Island, it is believed, took as much money as last year; the Michigan Southern and Illinois Central agents report the commencement of an active movement in grain. The new condition of the Erie, and the prospect of a reorganization on a new basis, are likely to open a fleld for speculation. If any scaling process is adopted— and it seems to be in the power of the stockholders to compel the fourth mortgage and unsecured creditors to submit to an apparent sacrifice—it is evident that both the stock and the bonds of all the late issues will com- mand a higher price than that now ruling. The stock ‘was steady today at the last quotation; the mortgage ‘bonds were generally in better demand. Pacific Mail was higher to-day, but fell off after advancing to 79. Nothing is known by Commodore Vanderbilt with regard to the rumored compromise between himself and the company. Ia reply to an inquiry as to whether it was true that he had become the owner of the Adriatic, he demanded of his questioner whether he was taken for lunatic? It is, therefore, not probable that that fine ship has yet passed out of the hands of her new owners. The advance in Pacific Mail is probably due to ‘an unexpected demand for stock, from what source the New York Central was freely sold on time by the bears; the price of the cash stock closed at 69°¢ bid—about the same as yesterday. Hudson River is rather better; the shorts in this stock must take care, The business of the road is improving, and the party who was expected to se{l out his Hudson, in consequence of the decline in Cumberland, is said to have no intention of parting with his property within $10 or $15 of the present price per share. Toledo advanced to 18, fell back to 1734 and closed at that bid. Weare informed, officially, that the earnings of June, July and the first week in August on this road amount to $111,470, against $122,398 for same time last year, and that the working expenses this year are much less than last. A despatch from the Superintendent states that a new freight train was put on this week. There is nothing do- ing in the coal stocks. Mr. Gould, the President of the Camberland Coal, has resigned, the objects for which he consented to take the office having been achieved. Tn the afternoon the market was inactive, and stocks clored dull at the following quotations:—Virginia O's, 025 w 34; Missouri 6's, 82:4 = 3{; Canton, 17 8 4; Cumberland Coal, 12% a 5; Pacific Mail, 774 8 4; New York Central, 69% a ; Erie, 4¢ «5; Hudson River, 30 a X; Harlem, 9 a 3¢; do, preferred, 34 8 X; Reading, 424 048; Michigan Contral, 41 a \¢; Michigan Southern and Northern Indiana, 6% a ; do. gaaranteod, 20 8; Panama, 1149 a 116; Iilino's Central, 63 @ 34; Galena and Chicago, 63% a 4; Cleveland and Toledo, 1734 a %; Chicago and Rock Isiand, 60% ® 765 Illinois Central 7's, 43g 0 85. he Bank of Louisiana has declared a semi annual divi- | cond of five per coat and an extra dividend of five por | gent, both payable to the New York stockholders at the 5 Merchants’ Bank, on the Sth of September, lees the charges for exchange; the Oswego and Syracuse Rail- oad, @ sem!-annual dividend of four per cent, payable to the New York stockholders by Mr. Oakley, at the office of the Howard Insurance Company, September 20, pig following was the business of the Sub-Treasury to- Total receipts, Tota aa : a8 Balance.... 6,827,161 68 banks in the four prinsipal cities of the Union in which weekly reports are made, as shown by their last statements, is as follows:— Toans vite, N. York, Aug. 6 ..8118,038,000 72 0a 508 a0ibss 6} age e. Bez is ies Pid “on 8d a la 439 4.880 680 weeks compare as follows:— August 1. August 8. Capital stock. .... $35,122,400 36,125,400 Loans and ai; ts 67,972,321 69,122,453 Specie... 362 4'926, Duo from other b’ks 6,331,885 6,359,393 Due to other banks. 6,511,893 6,680,316 Deposits. . . 18 083,821 17,057,506 Dec, Circulation » 6,887,768 6,678,754 Ino. .290,086 The exchanges at the Bank Clearing House to-day were $18,260,747 46, and the balances $1,077,004 16, The Vanderbilt eteamer North Star, which arrived {ais morning, brought later advices from the Pacific, but no addition to our stock of gold, the usual semi- monthly remittance being on board the Star of the Weet, which arrived this evening, with $1,863,961 in specie, Mesare. Coleman & Co., in their circular, thus notice the report of money matters:— The money market may be #aid to be easier than at the date of our last steamer reference, yet there is a re- quirement for funds. On good stock and other collaterals there is no difficulty in obtsining accommodation, but on paper the facilities are limited. We quote at 282% cept on collateral. Little doing in real estate securities, and rates unchanged, Sight exchange on the East con- tipues at two per cent premium. ‘The transactions in Mexicen dollars bave been of more than an average amount, about $100,000 having met sale at nine per cent premium ‘or par bills on England. Afow thousand dollars have also been taken by nat 834 = 9 per cent premium for cash. ie SERIE SE Sees eee NE MOORE; there is & good demand at 880 par. The operations in the United States Branch Mint tn this city from 1st to 16th July, inclusive, were as follows:— Depoeits—Gold bullion, atter melting, oz Coinage—Gold, double eagles... Silver, balf dollars ., e since Jane 30 we The exports of treasur: Per Golden Gate, to New York. $2,098,538 62 Do. do. ' toFegland... 140,713 15 Do. do, toPanama... 15,882 80 ———— 2,255,136 47 Per Yankee to Honolulu..s.sesesesesseeee 7,000 00 + ++$2,252,134 47 Necesesees ‘The imports of treasure have been:— Per Falmouth, from Acapulco. Per Guaymas, from Mazatlan, Per Felix, from Honolulu... WMohaless ceca cassshcestaiencetace The earnings of the Michigan Central Railroad for the month of July were:-— nse eee canons oSONOT 1868. 1869, 982,488 20 62,118 62 65,233 17 692 Total. Decrease. The business of the Cincinnati, Railroad was:— July, 1859 $41,241 60 July, 1868. 86,161 15 Increase, 1859, $6,080 45 Stock eee 11, 1869. $8000 Ill Interest bds 103 50 sha Hudson RRR 301¢ Michigan 6’s... 96 8436 100 Harlem RR aes 87 8000 Brooklyn CWL. 100 20000 City 6’s '87.... 100 200 MichS&NIa RE... 62g. 1000 HudRRRSdm. 73 20 Panama RR...., 115 a 84 683g 86 ahs Am’n Ex Bk., 102 6335 20 St. Nicholas Bk.. 95 do, 633g 6 Bank of Com... .. 9634 200 do 63 50 Del &Hud0Co.230 89 100 do 104 do......... 893 100 Clev& Tol 100 Pacific Mail $3 Co 79° 300 55 do BK 7 7834 100 7835 160 78% 300 SECOND BOARD. $10000 Missouri6’s... 823 200shsNYCnRR.. 693g 10000 _do....,.860 82 100Reading RR...... 43 16 shs Bank of Com. 963, 25 MichSo&NIaRR 635 800 Ohi & RkIRR... 607% 250 MiSKNIng 205g 50 do......b10 60% 25 Panama RR us 25 National Bk...... 100 200 Cley &ToIRR.030 1736 260 Pac MSSCo.bnwk 7734 CITY COMMERCIAL REPORT. ‘Tavrspay, Auguet 11—6 P. M. Asnes.—Sales of 50 bbls, were made, including pote at -53¢c, and pearls at 55¢c. Breapstc¥rs.—Flour—State and Western brands were in more active demand, and the lower grades were firmer. The sales embraced about 11,000 bbis., closing within the following quotations:— Inspected to choice superfine State. $4 25 a $4 55 Extra State. a 460 80 425 455 460a—— 5 60 700 50a 530 540 6 90 70a 800 8508 415 375 400 —Southern flour was in fair demand, but somewhat irre- gular in price. The sales embraced’ about 2,800 bbis., closing within the above figures. Rye flour was dull ag quotations. Corn meal was quiet, and somewhat: nominal. Wheat—The sales embraced about 5,000 bush- els, including white Kentucky, at $1 48a $1 50; amber colored do., at $1 35; ola red Western at $1 10, and good red Indiana at $110. Corn was firmer, with sales of about 25,000 bushels good old mixed, in store, at 78c. > good new mixed, afloat, at 80c.; choice do. at Bic., round yellow at 8c, Rye was quiet, at 75c. for old. Oats were firmer, with sales at 37c. a 40c. for State, and 38c. a 41c. for Canadian. Barley was quiet and nominal. Correr.—The market continues active, with sales of two or three , embracing about 14,900 bags Rio, BE prime quality; the average was about 10-630, The market closed with a firmer fe q Corrox.—The sales embraced about 800 bales, closing ‘at about 12340. for middling uplands. The higher grades were held with more eas. Freicnts.—Rates for Liverpool continued firm, 650 bales of cotton were en- gaged at 316d. a 7-32d., and 700 do. at 7-82d. a X4d.; 100 tons of oil cake at 17s. 6d., and 100 tons copper ore at 2s. To London 100 tons oilcake were at 208, To Glasgow 700 bbis. flour were engaged at To Ham- burg packages of tobacco were en; at Tic. To Havre rates were steady at 4c. for square bales of cotton, 3c. for round. wo California were at 250, for full vessels and 30c. per foot measurement for clippers. To Australia quotations were at 30c a 35c. per foot. A Cee ne eareenane Co Son wl light |AY.—About 600 a 700 bales were reported sold, chiefly at 70c. New hay bas commenced arriving, and is selling for city use at about 65c. It is not as yot in a condition for shipment. ‘Ligvors were in demand. Sales of 50 half pipes Rochelle were ghd $1 40, and 50 half do, JOLASSES —A cargo of 230 hhds. Cuba was fold for re~ fining on private terme, ‘and 100 bbis. New Orleans at 40c. a 42, Navat Sroxes.—The market was without change of mo- ment. The sales were light, including 200 bbis. spirita turpentine at 43c. « oe _ Bd rosin at p. ¢. in and crude turpen' nominal, bee rosil ai r maderata gemand, 7 were unchanged. Crude whale and sperm were be ore unchange woes was firm and in ‘and sales of all kinds footed uj cluding new mess at $13 90 a $14, thin mess at $13 1234, and prime at $10a$10 25. Becf was heavy, of about 126 bbis., inclading country country mess $7 a $8, mess ‘and at $11 a $12 60 for extra. Cut heavy, with sales of about 75 shoulders at 6c a 63<c., and hams was +4 with sales of about 10%. @ 10%e. , im choice in fair demand at 120. a 160. for Ohio, and 180. State. Cheese was steady at dc, a 8Xc., lots were held at 9c. Rick —A small sale of 20 caeks was made at 40. Ssep.—Clover was firm. Linseed at Boston was di at $1 60.2 $1 Gi. The Inet sale of moment was made at the latter figure. Svcars,—The market was steady, with sales of about 600 a 600 hhds., including grocery goods at 6340. @ 6Xc., and refining goods at B. t., and 100 boxes at 75¢c. ee ee a moderate business doing to the trade. Tonacco —Sales of 25 bhds. Kentucky were made at 10c , and some 150 hhds, Kentucky lugs, within a day or two, at 430. Winskry.—Sales of 150 bbls. were made at 253<0, ? 8 5