The New York Herald Newspaper, August 14, 1861, Page 3

MODERN IMPLEMENTS OF WAR. PERKINS’ STEAM GUN, OUR LONDON CORRESPONDENCE. Lonvon, June 27, 1861. R does not require a great logician or a subtle casuist ‘$0 prove that in the terrible, and often unequal conflict of ‘war, the valor and skill of soldiers may be utterly thrown way without proper implements. Hence we see the extraordinary exertions and almost fabulous sums money invested by France and England in cannon, rifles, Abelis, steel clad ships and destructive missiles. Tneed Bot, then, make any apology to you and your readers for giving you three or four letters on warlike implements. ‘The most destructive engines of war shorten hostilities, and vastly abridge the suffering, expeuse and commercial Gisasters of national conflicts. The man, who, ina period Ike the present, should invent an implement that, by its @estractiveness, would shorten the period of such a war ‘fas the United States aro now engaged in, would be a bene” factor to the human species. Perkins’ steam gun is historical, but for certain rea- @ons—and thoge mostly not connected with its merits or emorits—has never been used or even tried in battle. The great Duke of Wellington, who, except perhaps his Yoperial antagonist, bas seen more of war than any other man of modern times—and who was emphatically a man ‘of peace, and opposed to all wars—urged upon the British government in 1825—a time of profound peace—to pur- chase from the inventors the exclusive use and patent Of this destructive engine while it was in @ com- Paratively unflnished state, and the price asked for ® was one hundred thousand pounds, or $500,000. ‘Tho inventors were Jacob Perkins and his son Angior March Perkins, both natives of Newburyport, Massa- ebusetts, and citizens of the United States. Jacob Perkins has been dead some yoars, while Mr. A. M. Perkins, in company with bis son, Loftus Perkins, has Deen for some time well known as a most eminent firm 0% engineers and engine builders here in London. Any on ‘who knows the vast difficulties and the superhuman exer- tions necessary te overcome the red tape routine, officiay Jealousy and vested interests that cluster round the British army and navy, will not be surprised that a man of moderate fortune, and already embarked in a safe and Profitable business, would not spend all his life, and more han all his means, in trying;to stem the current of officia Prejudice, even with @ brilliant prize in the foreground. Ipredict, without any fear at all of being a false prophet, that Perkins’ steam gun will, at aday not far distant, be almost the only means used for impelling balls, shells Qnd other missiles in the navics of the world, It must be go as certainly as steam has been the princi- pal motive power for commerce and travel on land and water. A committee of the British army and navy sat upon the merits of Perkins’ sieam gun, and a majority, save one, were in favor of adopting {t, and those who opposed, or wore unconvinced, had nothing to rely upon as an ex- cuse except the report of--whom? Why, of certain eteam- Doat or army engineers, who did not believe Mr. Perkins ould do what he said he could, because he bad never Boen it accomplished. Steam can be worked practically and safely up to 3,000 Ibs. to the square inch, and is worked up to half thaé every day in Mr. Perking’ Steam Works, in Regent square, London, The theoretical engi- Meer, or artillorist, will tell yon that gunpowder has ® preseuro far groater at the time of ignition than steam has; but he forgets that almost the entire momen tum of the ball from a firearm is given itat the time and 4n the space chat the powder takes to burn, while sieam 4s exerting an equal force the whole length of the barrel while the missile ts being projected. Mr. Perkins de- elares that he is able, and will willingly undertake to throw a solid ball or a shell, with @ steam gun, froman ordinary war ship into a fortified town five miles distant. ‘When we consider the great mechanical difficultics of making a piece capable of throwing even a ball of two or three hundred pounds weight—dificulties that in- ereare by asortof geometrical progression till they be- @ome insuperable in all firearms of very large size—we cannot but be startled at this bold assertion: Yf the gun bas half the merit claimed for it by the inventor, if forged or cast the sizo of ordinary gunz, we could not believe he weuld hazard his reputation by'such an assertion as the above if it bad much chance of being fallacious. MW took Lancasicr aud Armstrong the bect part of a Hfetime to get their inventions adopted by the British government, and we noed uot wonder that the stoam gon has to undergo a jong probation. The advantages claimed for this gunare so numerous that T scarcely Acvow in what order to begin to enumerate Chem. 1. The Perkins steam gen will fire from ten to sixty possession would give your government in the present Lay ict an overwhelming advantage above your adversa- ries, 27. The saving in war and valuable lives; the advantage and credit of an efficient blockade; the brief time required with the use of these guns for the reduction of Norfolk, Charleston, Savannah, Pensacola and New Orleans ; the prestige the use of this arm would give the United States government ; the abridging of the conflict, and ‘the vast economy and saving to ithe commercial and in- dustrial interests of the nation in bringing the war to a speedy and successful termination, can be better calcu- lated at the cloge of the conflict, but which would pro- bably amount to hundreds of millions of dollars, 23. While these various propositions may read more like romance than reality, they all rest on the two or three first bamed, and these cau be put to @ thorough test in the course of ninety d: and at @ cost not to exceed ten or twelve thousand dollars, ‘These are the propositions and the merits claimed for Perkins’ steam gun. I confess they seem to be too start- ling to be true. Ihave drawn out the several particu lars, and made the deductions from a plain, matter of fact statement and description written by the inventor. I certainly believe it a generally correct account of the gun and its capabilities. To doubt its great value or believe the statements mainly visionary, would involve us in several palpabl urdities. ‘The inventor does not wish the government y @ fabulous or an enormous sum for his invention without knowing clearly its value. He only desires the ordinary cost of Doiler, steam apparatus and a single gun to give it a full and’ satisfactory test, and that will not excced ten or twelve thousand dollars, Were its merits not based on ree more substantial than ‘mere conjecture, the Duke of Wellington and a respectable number of able men in the British government commis- sion would not haye recommended this government to purchase it, The inventor is not an adventurer, or aman without character, but an engineer and engine builder of high po- sition—one who has a character to sustain or lose, and one who would not hazard his reputation with no chance of reap! any return bot disgrace and contumely—a result that would be inovitable unless his statement is in the main correct. The British govern ment laid out. many hundred thousand pounds sterling— or million# of dollars—under the direction of Sir Wm. Arms! Fa , before they did or could forge one efficient on would , and many were the failures, And now, , would your government be justified in re- fusing to invest a few thousand dollars in an implement like this, while you are engaged in a struggle that threatens your very exisieuce a8 a nation,and in which base country must be impoverishod at least to the ex- nt of fifteen hundred to two thousand millions of dollars? Were it the wildest scheme in the world, with one-bailf of the promised merit of this, without a tithe of its plausibility or chance of suc- cess, the gum of money required, ag & mere experiment, would not be a drop in the bucket. The inventor will employ no lobbymen, fee no advocates, nor hire or bribe any agents, newspaper writers or contractors, or take any Duta simple straightforward course to lay his invention before the government of his native country. As one of the correspondents of the Hekatp, in a foreign land for some years, I could do no less than send you the statement; and, so far as the publicity in your columns is concerned, I beg to say that this is done entirely at my instance, without any wish or request of the inventor's; and 1] as- sure you I believe it to be correct. If the press on your side take the subject up, your government cannot avoid iving Perkins? steam gun @ trial, and may your unscrupu- lous enemies feel the effec: THE RIFLE. Lonpox, July 80, 1861. Whatever may be said of the ‘deep mouthed thunder’? of ponderous artiliery, the decisions of the God of Battles have in numerous instances been swayed by the trusty death dealing messenger that is poised by the single sol- dier. Of all improvements in modern implements of war none have been greater than inthe rifle. For more than thirty years after the riflemen af Kentucky, Tennessee and Louisiana routed he British thousands at New Or- leans, the soldiers of England carried the musket of the last ceptury—"Old Brown Bess,” as it is called—a gun that had little accuracy even for ten rods, and which would scarcely throw a ball two hundred yards at far, thest. True, these were mostly piping times of peace, ti England, for the nonce, bad few battles to fight. But the derce war in Affehanistan occurred, and better arms must be had. The French Minie rifle, the Prus- sian needle gun, and the American improve ments by Colt, Sharp and others, demon- strated that an accurate and fatal range for the rifle could be attained of a thousand, twelve hun- dred, and even sixteen hundred yards. ‘the mythical anecdote of Lundy’s Lano, where an American sentry was said to have hit his British antagonist a mile distant, acrogs the Niagara river, might now bea reality. With ont attempting to give the separate steps, or naming the inventors or their nationality, it ia sufficient to state that tbe British government flually adopted the “ long Enfield’? riflo—or what in America is often called the “Kntield musket?’—and afterwards (be ‘short Enfield,” as the regular arm for the iafantry, or foot soldiers. With the ‘short Enfield’ is connected a eword-bayonet, or short sword, which can be used cither as a eword aloue,or as a bayonet attached to the gun. This arm—or rather these Dalle & minute, and can be kept going vight and day, as Kagan the ammunition hoids out, or during the pleasure Of the engineer. 2. The steam gun will bave an effective range equal to that of the most efficient Armstrong or Whitworth pre gun, throwing balis curately from four to six miles. 4. The steam gun can produce afar more effeetive bat- tering power than ordinary artilicry,as noye of the dif. culties existing in frearms wil! prevent the throwing of solid or explosive missiles weighing five huudred, ono thousand or two thousand pounds weight. 4. Any rided barrel, the moct ctvient in ureor that ean be made—Armstrong’s, Whitworth's, Wheatley's, James’, Parrot’s, or any other—with any description of bulict that can be used in firearms, can be coonected with the proper steam boiler anit nsed &. The expense while in use is than one halt that of ordinary artillery, the sv nm amrannition daring twelve hours’ shooting of a twelve pounder being at least ffecen hundred doliags, or two or three times the cost of an ordingiy cantion 6. Twelve of these guns and one hundred men on board a steam vessel of moderate size, will throw more shot, and with equal effective range, than can be thrown by half a do: : gan ing 1,000 to 1,200 mon on, Desides the ordinary fr iret to man one of these paratyn. 8. The ordinary boilers of a steamer. adapted Lo the use of this & ry work one or two guns Ww withont any perceive 9. Asteamn gunboat British Navy, a revenue cutter, lantic steamer, with two of Pe P rs, with the ordiy adapted to the purpose, like that of a donkey match for a line-of-vattte constructed or the steam and ip is ii motion, and "steam 1 zed boiler, woul) be more than « pP, while a crew of two dozen. men would give a sufficient reserve for relays and casi. aities. Jo. Nothing js required except the ried barrots, the & moderate si; solid or explosive missiles, two or three ar to pour in the bait 1. On there m0) ‘m or danges the entire dest ing tho lives of all w: n can be roach. a} in overy description prdinary canne 13. Nothing Wot m ev charge lnbrieates th possible, wh 1 ty of action, 14. A sitions ni to resist tho tf the a f et with . ports , anst other large mari- ble to any hostile force » even ordinary + and agan, could gull’ pivates, or ‘priva- ae 4 gin and boiler wonid be but a Dot a singls cargo, ad scarcely be equal ing balls or r, and the ganpowder 1 and twenty aplion for each quantity weed will m in common artilic ounces of water bs the average cei shot from a rifled twelve pounder. 19. A scarcity of powder, a total want of per- cussion cape or f in Ordnance, or a rise fo the price of “villainous saltvetve,” which might @ripple or par: yze the strength of a uation in time of war, will have no eft ton the use or efficiency of the steam 20. Perkins’ steam gun is not a centrifugal catapult, or steam battering ram, like the abortive concern made’ at Baltimore, but a regular piece of artillery, discharged by ‘@ loud explosion, similar to an ordiuary cannon, or more Nike an air gun. 21. With thesame sized bore—that of an ordinary rifle— equal precision and force ean be pro a thousana yards which can be atta air gun at fity yards, and ¢ and fatal aim of these acrial weap 22. Within as brief a period as six months, one half of the vessels in the service of the United States could be armed with theteteam gun, after giving ample time for one or more to bo made and thoroughly tested. 93. On war and nayal yosscle, with ove gun where ten are now used, with one marine or fighting Cea stun nary knows the accurate now employed, and at one half ihe present o ‘ammu- nition, an equally efficient foree could be set affoat for all Offensive and defensive parpos 24. Two small gunboats with a single stoamgun to each would be sufficient to establish a perfect blocknde at nearly every Southern port—ali except two or threo with very wide harbors—whilo in the Little inlets and creeks one small veasel would prove efficient, and be more than a match for every privateer or rebel craft. 25. On land or water, with sieam artillery, the guns would be so few in number and of such peentiar make they could be almost inetantly destroyed or made inefll- clent in the event of their being captured or abandoned. 26. The juventor isa native and citizen of the United tatcs—a loyal one, too—aud while the invention and bringing into use of this formidable arm would redound to the credit of Amorican mechanical genius, its exclusive twoarms—in tho hands of well-drilléd soldiers form a very eflicient weapon, The Enfleld rifle is so well known, and considerable numbers being now in use in America, turthor descrip- tion is unnecessary. The attention of the govern- ment and of English militury men has of late Deon largely directed to broech-loading guns. A breech loading rife possesses acveral prominent advan tages over a muzzie loading gun. They can be loaded and fired from three to six times as rapidly, The soldier ig less exposed to passing Luleis; the range of the gun may be far greater, and the soldier can lord and fire in positions like lying fat on the ground, in crampod yws- tures or on horseback, where a muzzle-loader would be comparatively useless. Why should a mounted saldicr be obliged to get over the muzzle of his gan to ram a bail down wiile the cartridge can be slippod inte the brooch with the fingers in two seconds, without any ram-rod or inconvenience, and all with one hand, while the other guides his horse? An exact and close Ot can be ailained by having a ball inserted at the breech that is a little smailer than the barrel, and thus, by having uo ‘wind- age’—a very liltle being sufficient to detract largely {rom the force of the powder—of course a longer range can be attained, provided there is no leakage bebind the cartridge. Tho Briiish government has no prejudice as to the nationality of arms, in proof of which it may be mentioned that all the machinery for the manufacture of Enfield rifles at Aldershot, for the British army, was marie in ¢ eu And io the Crimean war several thousand Sharp's rifles were purchased in america, and used to good offect ia fighting the Russians. ‘The objec- t by the British officers and sol- sayorai, avd these were undoubtadly based practical ob tion auduse, They leaked fire largely, ticularly after belug « short time in use, aud the 1 ed Out so faron cach side as to burn the fi whiskers and clothes of the men st gide by side, Then the : r up at the breee! cariridgo, often cot th been owing to the fact tt time very oold, and of c the hans clumsy. would get foul, ana the cartri a large portion of outside, wasting the pow the discharge. 4 wading in the ranks, of the iron that comes ats off the lowor end of the idicrs’ hands. the weati Ss Weight. in the British cavalry and yard til. or rifle s! ith + 1,500 or none of the ame az the objections mad Enfield, and fires a about au onnce. ‘The closing the breech lower pd of th otrne third of an naked from one mn itred, entir ely preventing wit K ive. By a singula vance in the cartridge hte g | itself, and doe firing thou a the cartrid t ont of heavy at least a quarter of a ‘th: with grease, lard or ta wad and the bullet remains in the gun. the discharge the wad rae the wal goes out before ont at every di y was fired eighteen butidred tin t cloaning or n of some officers at ced clean and in as menced. Portsmouth, and was then pi gool condition as when the ex i it twice in the by the Britich cavalry nd inounted riflemen, and tl Joa ritieh army and the London Ezaminer, a jsper of thority, said, in a review of the late ritfe co: biedon:—“The mnzzle-loading rifle is doome the breech-loader must take the place of the’ Eutield.”? The Fxaminer pronounces Terry's the ‘only breach-joader worth naming. It carried off severs! prizes at Wimablo. don, and hi n adopted by Doth tie Australian aud New Zeland colonial governments for both mounted and and Boon foot roldiers, If we ask why the nment do not adopt it for their foot £0! » get very sufficient reasons. The arm has net been in- troduced, aud at this the hardly got through with ma’ Enfield, and the supply for the 2 n up some seven years to complete. Besides, the cost of email arms for a fores of two hundred thousand men, at five to eight pornds sterling a gan, amounts tono less than six or or seven million de The first step has been to pitt Terry's breech-lowler into the hands of thy also to supply the na ‘ bel : top on shipboard,and one is neoded that wil! admit of the most rapid loading. Several other breech-loasing rifleg arc in the English YORK HERALD, WEDNeoy.~. market, among which may be named Westloy Richards’ guns are neither of them equal to jenry’s has been lauded by some of tho United Service Gasette, tho Times, the Ex- the Morning Herald and several other journals have given olaborate articles, with descriptions and ac- counts of the practice and use of Terry's rifle, It being lly superior to any other soidior’s tool in the English market, is a sutilcicuit apology for devoting tho space that I have to {ts description, Terry’s infantry gan— exactly like the carbino, only longer—is’ the noatest look- ing rite Tevor saw in my life, low long will it be before your government, in spite of interested makers, contractors and jobbers, will intro- duco an arm like this into your service? Terry's rifle can be loaded and fired eleven or twelve times a minute, and whether one ball in @ hundred and twenty on an average, in battle, hits its man, ora larger or lesser per centage, the shower of leaden hail that will come froma regiment armed with such a picce must be terrific. jat_my purpose {3 not to urge your government to adopt or usa any particular implement, but to describe the most efficicut arms now made or in use in Great Bri tain, The carbine costs here about £6 sterling. The government furnishes the stocks and gets them manu- factured by contract for about £6. In America they would cost about the same as Sharpe's carbine—not far from $85. This is the breech-loading gun of tho British Service, tho most effective small arm in use in Europe Calisher & Terry’s broech-loading rifle, Arrivals and Departures, ARRIVALS, SAN Francisco viA Panawa—Stoamship Champion—O R Buekalew and family, E Smith and son, Lient Van Zand}, Mr Porter, E Fithin, Mr Hackett, J L Fry, AC Warden, JM Pyle, A Rose, J Satiis and wife, dos Dowd, WE Joukin’, JD Spelman, E Garvin and fam! Bell, "tf R Brown, Jas M McLeod, J H Fisher, E H Jobnion, Mr Bigelow, Wm Carson, EL Whiting. J 1 Hammond, J M Johnson and family, Capt Simpson and’ family, D Hubbard and family, Mrs M send and servant, 8 T'Leet and family, L Parso Sardar Fiala gw phe rs Nelson and child, Mias F J Doilliver, Mr Taylor, Mra Luey and child, Mr Flow AH Moore and 1: George Tuttle, Mrs H MeRae, E PG: Major Augur and family, RS Eels, RG Mosley, J'H Onans— and 90 in the steerage, Sr Vincents—Bark Despatch—Jno Hill, Chas Lambert. pai Southern Belle—George Harper, lady and EA AL ATES EE FINANCIAL AND COMMERCIAL. ‘sespay, August 13—6 P. M. The following is a comparative table of exports (exclusive of specie) from New York to foreign ports for the week ending August 13:— 1859. 1800. 1861. Total for the week $1,674,468 1,894,058 1,587,985, Previously rep'ted 38,876,089 62,992'857 8143) 409 Since January 1. $40,451,457 64,848,915 80,010,408 The apparent decline in our exports, as com- pared with last year, is mercly accidental. We are shipping produce as freely as we ever were, and, from present appearances, shall continue to do 80 for some time to come. We are now comparing, however, with the period of last year, when the failure of the British harvest was ascertained and shipments began to be made on an extensive scale from this port. The money market continues very dull. The brokers are borrowing all they need at 4 per cent. Paper of high grades continues very scarce, and the prospect of large negotiations by government tends to check the inquiry for mercantile notes. People are waiting to see what employment Mr. Chase will offer them for their funds. A moderate business has been done in francs for the steamer of to-morrow at 5 35 037%. Ster. ling is dull at 107 a 4, with very few transactions at the higher figure. Bankers are buying good mercantile bills at 106% a %%. Every one seems to Jook for a further decline in bills, in consequence of the dulness of the importing trade and the effect of the new tariff. Stocks continue extremely dull; the commission brokers complain that they are doing no business whatever; for the present speculation seems to be dead, and there is no buying for investmont. There was no change in governments to-day; the two year Treaswry notes are taken up as fast as they come into the market. State stocks were not so firm. Missouris declined % and Ten- nessees 14; Virginias were steady. Among the railway shares there was not much change: New York Central declined 14, Erie 14 and Toledo 34; the other speculative shares were steady. LBe- tween the boards little or no business was done. The afternoon session was extremely quiet, with a tendency to lower prices, except as to Pacific Mail, which improved 4% per cent on the arrival of the Champion, The market clased dull, the following being the last quotations:—United States 6's, re- gistered, 1881, 8744 a 24; do. 6's, coupons, 1891, 8714 a 88; do. 6's, 1874, 80 a 14; Indiana 5's, 76 a 77; Virginia 6's, 54a %; Tennessee 6's, 45% a 44; Missonri 6's, 44 a 34; Pacific Mail, 7644 a 77; New York Central, 7444 a %; Erie, 264444; Hudson River, 333% a 4%; Harlem, 10% a 4%; do. preferred, 25% 0 26; Reading, 3634 a %; Michigan Central, 4224 a 4} Michigan Southern and Northern Indi- ana, 13% a 14; do. guaranteed, 29 a4; Pana- ma, 107 a 108; Illinois Central, 6434 a 5%; Galena and Chicago, 6614 a 14; Cleveland and Toledo, 294% a 54; Chicago and Rock Island, 40 a 24; Chicago, Burlington and Quincy, 5734 a 58. The bankers continue to confer with each other ‘on the subject of the forthcoming public loans. A committee from the Boston banks arrived to-day, and @ cou:mnittee from Philadelphia is expected to- night. It is hoped that before Mr. Chase leaves town to-morrow some practical scheme for raising the money required may be agreed upon. It is useless now to spend time in denouncing the act of last session. Every one sees and deplores its de- fects; it shows that Congress needs new financial leaders. But the practical point at present is not the errors of the past, but the ways and means for the future. Money inust be raised, even under Mr. Fessenden’s abominably stupid Loan act; and the question is, whether itis tobe done through the banks in the three leading cities of the North, or by direct appeal to the people. The bankers say that no money can he raised by direct appeal to the people. is remains to be proved. There ‘e nearly $200,000,000 in savings banks in the North, drawing 4 @ 5 per centinterest, and as much more in banke of discount drawing no interest at all. Itis by no means certain that an urgent ap- peal of Mr. Chase, backed by the recommenda™ tions of the pres { draw out a very large proportion of this monoy. If it only drew out one half it would break every bank of savings and ount in the country, and would render the 200,900,000 of bills receivable now held by the banks of the leading cities utterly valueless. This is the point Lo which the attention of our bankers shortd be directed, ‘The time has passed for con- siderations of profit on negotiations with gover , would ment. The question now is, which policy involves least risk of loss? A refusal to lend money to Mr. Chase throws him bach on the public, and if he be successful with them the fale of the banks is oby What dangers does the opposite course ous. seni? Granted that a million a day isa large sum to lend, and that an addition of #100,000,000 in four months to the loans of our banks would create a panic, is it ain that th rd to reli hurden—sa; million held t > th ata be our public would not come forw banks of at least a part of thei small discount? Could not several placed abroad? The amount of speci banks is double the highest reserve hh before Mr. Lincoln’s election, and the prospect is fair for further accumolations. Does not this war- rant some liberality to government? We trust when the committee meet to-morrow and report they will be prepared to propose a tical scheme for the negotiation of all the bonds and Treasury notes offered by Mr. Chase, and that the bankers will perceive that their real interests re- quire its adoption. Considerable eflurts are being made by the Lon- ss and other British journals to prevent om of a United States loun in London. ire these journals perceive tions to such a loan would have to be paid in gold, and thatthe dram thus created would embartaes the London money mar- . From the fa howev that the repr isvissippi and Arkansas is. the str est arguihent brought Joan by the London Zimes, it may be inferred that Jd by them | j sainst the United States | the opponents of American credit find their task difficult. There is intelligence enoggh in England to enable capitalists to discrimmte between a United States bond of the present day and the shinplasters formerly issued by individual States, most of which are in rebellion against the govern- ment. It may safely be said that no stock in the world possesses such elements of security and offers so handsome an income as the new seven per cent bonds of the United States. They will pay their holder twice the annual income paid by British con- sols, and nearly twice that yielded by the bulk of the French rentes, They are the solemn obligations ofa nation richer than either England or France, and which owes only $110,000,000. They are secured by a direct tax levied on incomes and property. None of the foreign securities—Italian, Turkish, Russian, Mexican, South American or Spanish— which have from time to time been recommended to the British public by the London journals, and taken up at various rates, can for a moment compare with them. In ordinary times, before the war, United States six per cents commanded a premium of fifteen and twenty per cent. Under Mr. Pierce they were redeemed before maturity at 121. The new bonds being sevens, not sixes, will naturally rule still higher in the markets of the world as soon as the present troubles subside and the war approaches its end. The following was the business of the Sub-Trea* sury to-day:— 106,385 83 + 6,528,599 45 The Champion arrived to-day from Aspinwall) with $941,081 in specie on freight. Messrs. W. T. Coleman & Co, say in their cireular:— We observe no unusual activity in fnancial circ! ‘The demand for money since last steamer day has be moderate, leading to no change in prices, which are still quotable at 13g a2 per cent per month for short loans on Satisfactory uames—the inside rate prevailing; aud 1a 144 per cent for loans on mortgage. As a matter of course, this abundant supply of funds, accessible to ail the legitimate wants of trade, inspires confidence in every department of commerce and prudent. enterprise. The advancing prosperity of our State and the constant accession of new elements of wealth, are adapted to en- courage the most cheering anticipations for the future, Gold bare, on the departure of the last steamer, dropped from 890 to 810 fine bar. The mteryal between steamers is always, more or less, a period of depression in bars, dependent measurably upon the supply offering and the shipping demand for China, Arrivals during this period, if requiring encashment, are usually either placed on the market for what they will bring, or taken to account by bankers at arate deemed by them compensatory for hold- ing untW tho recurrence of a more active demand. This rate, whatever it may be, and which for convenience we shall hereafter designate as the “rate for account,”? geno- rally rules the market, advancing gradually with the ap- proach of steamer day, and declining suddealy when shipping requirements are supplied—sometimes oven bo- fore the day is over. The leading inquiry to-day is for remittance Kast. We hear of no purchasos for China worthy of note. Tho demand is active, the supply not in excess, and sales are reported at 880, which is the asking price, though the bulk of the business thus far has proba: ly been done at $25. Our last advicos from New York are more favorable, annonneing sales at 862. No furthor quotations from China since our last reference. We have the satisfaction of noting & further abatement in tho rate of insurance on treasure. Shipments by to- morrow’s steamer may be covered cither at the Lloyd’s or at the California Mutual, at 24% = cent for all risks, or at 1 por cont for marine rise only. fe decline of insurance, as was to be expected, has not been without influence upon the rates for Eastern ex- change, which, though still nominally at 5 per cent remiutn for sight bills, are decidedly drooping, and we ink eannot long be maintained. The placing of large gums at 444 per cent before steamer ‘day, is over is not unlikely to occur. The Oswego and Syracuse Railroad has declared a semi-annual dividend of three per cent, payable on the 20th instant, to stockholders in this city by Hi. A. Oakley, Esq., transfer agent, at the office of the Howard Insuranco Company; the Mine Hill and Schuylwill Haven Railroad Company, a semi- annual dividend of $2 50 per share, payable August 22; the New York and New Haven Railroad, a divi- dend of three per cent, payable on demand; the Sonhegan Manufacturing Company, Milford, N. H., a dividend of $15 per share, payable on demand from July; the Kennebec Company, Augusta, Me., a dividend of $4 per share, payable from the 10th instant, at the office ofthe treasurer, in Boston. The weekly statement of the Philadelphia banks made up Monday afternoon, presents the following aggregates as compared with those of the previous week:— Spocie Due fm other banics. k Dne to other banks. 2/719,439 Doposite.s.eeees... 15,041,801 3024 Doc. 878,837 Circulation. 2,058,574 21074009 Inc... 15,435 We learn from the Boston Transcript that a meeting of bank presidents and other gentlemen of that city was held yesterday to consult in regard to the financial measures proposed by Secretary Chase, under the authority of Congress. The tone of the meeting, it was stated, was patriotic, and a general feeling expressed that the Boston banks would do everything that could reasonably be ex- pected of them in furnishing the money to main- tain the present contest in which the country is engaged. Hon. William Gray and Messra. Frank- lin Haven and J. Amery Davis were appointed a committee to meet the committees of the New York and Philadelphia banks. The mecting adopted the following instructions: — ‘That the committee be authorized to say to the gentle. men, committees from New York and Phttadoiphia banks, to meet to-morrow in New York, that, in the judgment of the gentiomen here asserobled, the banks and bankers of Boston, and of the State of Massachusetts, and its peo- ple, are prepared, ready and willing, avd’ determined to do all in their power, in view of their duty to them. solves, their trusts and their country, to aid it in supp sing the preeent reveliion, by furnishing men and moi to the utmost extent of thoir ability, now, henceforth and forovor. $4,607,000 00 2,817.07 00 3,285.0 ‘254,766 52 W12,745 2,821,658 79 ness at the Boston Custom House for the month of July was as follows:— Turorm. Dutiable, entered for consumption + $471,708 « warehoused + 491,268 Free (exclusive of spec: + _ 687,399 =) and bullion.....+ 140,943 Domestic merchandise Forcign merchandise, duitable Total exports. seeesesees $1,008,250 withdrawn from warehouse for eves ov eee $2,210,825 The receipts of flour and grain at Detroit for the past week and the year were: Cor. weele To date Past week. last yegr. Jon. last year. 6,976 12,025 464 15501 41.0885 | 251500 17.522 4s 116 2,167 | 127 = 103 238 15,703 earnings of the Milwaukee and Prairie du ilroad for the last seven months compare with the corresponding periods of 1860 as fol- 1360. 87.519 76 $2.39 39,501 04 46,810 59,03: 4 ee ‘Teespae, Augusy 13, 1861. 70 Continental B 0000 TS \ ¢ Mail # 6090 10 sh 50 Chi., Bar PRexdi 25 215 NYCI 3 ¢ m4 150 S 600 Fric 1 9 50 100 any Hi Cent RRsep. 1. 4000 do oe 436 100 8 2000Mo 6's islIASUIR 4550 ‘ w Ur anf ta 1000 California 7a... 703g an ented 10000 B City W Loan 100 2000 HR Ist m. 102)¢ 20 LE& W2dmb 28 SECOND BOARD, $1000 US T4cou. 80 200 shsNYCRR..opg 7414 10000 NCarolina 6's,, 663 100 Frie RR 4 3000 Michigan 80 60 FrieRR pi 1000 Lonistana 6s., é 0 Hud Riv RR 5000 California 7's, 10% H do. 10000 Missouri 6" 44% 50 Harlem RR 1000 Mo6'sissHASIR 4512 100 do... 15000 NYork 6's, °68. 101" 100 M1 Con RRs 2000 ErieRR4m bis 72” 60 do... 3000 Mich Sos fbds 74 —50Gal & Chic RR... 7614 600 Cleve & Tol RR. 200 CITY COMMERCIAL REPORT, Turspay, August 18—6 P, M. Asnks.—Sales wero light to-day at 5:¢c. for pots, and 5340. for pearls. Baxavsrorrs.—The stormy weather prevented active operations to-day inthe markets generally, and flour, though a shade firmer, was quiet, while tho receipts were very moderate. Sales were made of 8,000 bbis. Stato and Western, 1,200 bbls. Southern and 650 bbls. Canadian— Superfine State,......, $430 a 440 Extra State, good to choice, . .450 a 470 Superfine Western... 450 a 440 Common te choice Western ext! a 6 40 Extra Canada, , a 750 Mixed to straigl a 5% Straight to good extra do.. a 8% Choice extra family and bakers’ a 900 Rye flour, Sasaphskaeses 225 a 350 Corn meal, Jersey and Brandywine 280 a 8 —Wheat was quiet in the absence of adequate supplies; holders, however, were very firm, Sales 65,000 bushels at $1 26a$1 30 for white Western, $1 20a $1 22 for red and amber do. winter, $1 11 a $1 12 for amber Towa and Wisconsin, 95c. a $1 10 for Milwaukee, 85c, for Chicago spring, and $1 32 $1 35 for white Kentucky. Corn was firm, but not active, with sales of 45,000 | bushels at 400. a 490, for ynsound to strictly prime West ern mixed, 50c. for yellow. Rye was in demand at 60c. a 62c. for Northern, and 47¢. 0.490, for Western, Oats were quict at 823gc, a 33c. for State, and 314) sec. | for Western. Corvgit,—Saies were very light to-day, 100 bags Rio only having found buyers, at 14c. ‘The following static ties are from the circular of Messrs, Wm. - Stock of Rio and Santos on the 6th Au, bags; received 0 date, 6,480; total 134,001. for consumption eda Stock ‘of Rio a Santos on the 13th day « bo, 11,886; Laguayra, 426; Java, yc 8, 2,200; Bombay , 600; St, Domingo, 6,602; Costa Rice, 317; total bags, 135,901. The market for Rio has continued dc since the dato of our last report, salos reaching bags, for which extreme quotations have Veen i The stock of Rioon August 10, at Baltimore, was 12,000 bags; at Philadelphia, 3,000; at New York, Vith, 114,871. Corton was quiet to-day, but very firm, with sales of 700 bales, on a basis of 18¢ for middling upland. Freicuta.—The stormy weather to-day checked engage- ments materially. Rates were depressed and rather un- settled. To Liverpool thoro were taken gome flour at Is. Tigd., and 60,000 bushels grain, in byik and bays, at 834: a 9d., with soveral lots of lard, butter and cheose, by eteamer, at 60s. To London engagemeuts were unimpor- tantat former rates. To Glasgow light shipments were made and quotations were unchanged. To Bristol a small lot of wheat was taken at 93¢d., in ship's bugs. To Havre there were shipped 13,000 bushels wheat at” 18c. in slup- r's bags. LSS ‘was dull to-day at 400. a 65c. for all kinds of North iver. Hors, though firm, were quiet at 160. a 260. for last year’s growth. Tron was noglocted and was nominal in price. LRap continued quiet, owing to the firmness of holders. Motanses.—The market was inactive, but steady, 100 bbs. New Orleans changed bands at 40c. Naval Srorms.—Owing to the storm the market was less active, but prices were firm at $4374; a $4 50 for common rosin, and $1 06a $1 16 for spirits turpentine, some holders asking higher rates for the latt: Ons.—The market was dull here, while in ) the standard reports were as follows:— rgoes of whale ol, amounting to 8,870 Dbis., have boon sold. OF this 260 Ubis. were sold at 40c, per gallon 00 do. at 430. per gallon, 1,100 do. at 4c. per gallon, and 1,400 «to, on private terms, for manufacturing. Tho’ sales for ox- port were 200 bbls. at 49¢., 60 do. at 414gc., and 2,200 at 42}¢0., all of an inferior grade. But little has been doing insperm. We hear of the following transactions:—60 bbis. inferior at a prioo not transpired, 60 do. good at E 20 por lon, 150 do. at $1 25, and $0 do. at $1 26. Holdere both of whale and sperm oll are firm. The only sale of bone of which we haar was one of 9,000 Ibs.) at a price not named, but we are led to Delicve a trifle less than last quoted. Provistoxs.—Only 900 bbls. pork were gold to-day at $15 1234 for moss and $10 124 a $10 25 for prime, the market boing dull and heavy. Beef was ivactive yet firm at $12 250 $13 26 for extra mess and $9 50 4 611 25 for repacked do., with sales of 170 bbls. Tho gales of lard were 250 packages at B3gc.a94¢c. Cut meats were quict at former prices. Butter aud cheese were un- changed. Rick was dull but steady at 530. a 6340. Suaars wore inactive at Sic. @ Xo. for Cuba, with sales of 250 hhds. ‘Tar1ow.—Sales of 20,000 Ibs. were made at 8{c.a 8c. Warsrey.—Sales wore light, having amounted to ouly 260 bbis. at 1630. Bedford SHIPPING NEWS. Movements of Occan Steamers. FROM BUROPE. raish Botremi . Con y Bavaria... . New York Liverpool .. Mavre ‘LAverpool Champion North Sta Northern Light. KINGSTON, JA., HAVANA, MATANZ, S8AU,N. P. Curaton—From York for Kt on the 20th day of each month, ‘The Cleator loaves for } ric on the 6th of each mouth, and will be due here about the 15th, ConoMMtA axD MARION—No stated days are vet xed for the departure of the Columbia aud 3 Havana, but they will sail about every ten days, tone West out: ward and homeward. Karxar—From New York ; the arrival of ‘ Matangas-—From New Yor! th, From Matanzas 0 Aspinwall UIAspinwail ATA: n the 8th day of each mou! at New York on the 28th. SPECIAT. NOTICE. All letters and packoyes intented for the New York Henacy should be sealed, ALMANAC FOR YORK—THIR DAY. Us sere 5 +700! mioH WATER... morn 1} seve 2 SUN RISES SUN SETS 2 Port of New York, August 13, 1861, Cc Steamship Africa (Br), Sha’ H E Cunard, Bark Giusto (Aus), Ractonovich, a market Wim Salem. eh Bark Rapid, Maischalk. V wr (Mex), Ring, \ & DeVere, u Prince—R Marry, ing Brothers (Br), Cut u—K ts, Por Brig r Sehr 75 mile rthe Am 7th, r 12/h—Steamship Nor Wind daring the day rhing was vand until few ar The severe gale w from the N We hare not heard of any ‘The tide in the afternoon was an damage to pping #0 far. unusually bigh, and ihe cellars iu ihe streets bordering the | 4 at Quar jt ed ~ two niers we have not The Long Island Sound ateamora left at their neunl hour and probably anchored above Hell Gate until the wing abated. Some of tho vessels anchored in the North river dragged, but we havenot heard of any of thei being dam~ aged. The steamsbi 208, Which was to have sailed yester- day for Matanzas, has been detained in consequence of the storm, ‘The steamship Columbia, from Havana, having dis cargo 10 the upper quarantine, eae up (6 thy me matty, Mantrava, Capt Grant, which cleared at St John, NR at, fOr Li , iva new vessel of about soils under the British flag. Ship Maritana, Will wash By {vas loading deals at New River, NB, on the Sih, Fisiuixe son Momexre, of Gloucester, {a reported ashore at Pe Sable, anda total loks. The M was owned by Mr David Parkhurst and insured for $5100 In the Gloucester Mutat 1856, and bound to Bay St Tayrenees) ONY DNlH at Bagex in Drive op rie Ockax~U S Naval Observatory, Washington, i Bt atichaale (4 Islands) by one of the Island traders. ‘The. hove contain it oa inp in 183 deg 4 min N, lon 28 deg 02min W. A copy ned:— Ington, and oblige Roland F The distance of the poi where ft was 8, odlin, master, . tat which the bottle was toy thrown into the @ea ts 117% mil o hundred and forty-thr Veruge speed was 5.83 niles per day. JM GILLISS, Super Notice to Mariners. in hereby given, that the Bantam Ledge buoy, off ve Island, has brake mits mooring. Tt will be dag soon’ ae possi onler of the Lich:bouse CHARLES N. TURNBULL, Lighthouse etor, First District, CAPR ANN, MASSACHUSETTS. Two gray-colored Stone Thwors and two First Order Fixed ights on Thatcher's Island. Nave by Nhatcher’s Island, distant about % of a mile from (which forma the northernmost Ifnit to Massachusetix Bay), Will be completed and the lights exhibited for the first time ou the evening of the Ist day of October, 1561, ‘The Hluminating apparatus of each light 18 first order cata- © Jor tixed lights of the system of Fresnel, llumtnatiny horizon, and each tower will show a bright je abov abo ‘othe water, in ordinary states of the alosphore, a dix- of 20 pantical miler, nvers are built of gray granite; the lanterns and petratlings are patnted red; the workrooms and covered ks atlached to the towers are painied stone color. The lng for the north tower ta frame building, 2 for the south tower is. ‘The mean sea 1d ston distance (oer compass) expec bere is good channel Amu for small vesce amneite) distant $ mil 0 miles from nd 43 miles distant 3 a Boston Light, a ) Light, wh North Tower—Lation s ‘ i Longitude: WW of Greenwied. South Tower—Lauiinde..... 42 38 LN ie... 70 34 1 W of Greenwich By order of the dy CHAS N TURNR’ "ps Topo Engineers, EK Lighthouse Districts. , xehr Alleghany, Cook Arr at Tlolmes’ Hole fi Wwingetowa, With 125 bbia'sp AUantic Ocern, of and f 125 do wh off, vom and Foreign Por M—Sid whip O1 Rancesona, Jul Cavannt i brig Salem, arr 13th, to load for Bambury CORAGOA, Tily BWeNo Arm vessels in port. Care Rack, Aug 10—Passed by at 12 M, steamship Arabia, Stouie 7th via Halifax for Liverpool for St Thomas, oly Ata vessel.’ American Ports. BOSTON, Aug 12—Arr steamer Kensington, Baker, delphia; br’ Cironxsian, Hagan, Catigg schre Lewis M Doyle, Pith 3 Marietta Pitan, Tilton, do Beebe, do; Daniel Webs Treble, NYork, Signal Ming, Wowea, Hattl ee pia omus, NYork ry Casto, Davis, Wesituston, DO," Bid, wind § to B nner SR Spaulding; ships EMyman, North Adanw a. ALTIMORE, Aug l0—Cld brig Empire, Rens wlhirs Alice Tda, Ac WI: Conley, Providence, Marsciiles; bark Lay “BANGOR, Aug 10—C pans achr Medford, Gullifer, give BRISTOL Aug, Stl sehr Wonder,’ Hulioe wen Mh—Arr sloop “Blackstone, Alten, Brovidenee tor NYork Sid ator, Gibbs, Port Ewen, ANVERR, Aug G—~Arr scbre Oxcar F Hawley, Bu Philadelphia} George R Lanfair, Snow, NYork; Wella, Ryder. NYork. FALL RIVER, Aug Sid brig J W Sawyer, Fossett, Phi ladelphia. HARTFORD, Aug 10—Arr steamer Madgie, Grumley, Phi ladelphin,_ Sil echt Chas Cooper, NYork, W BURY POR’ ‘Arr schra Adelaide, Young, deiphin; Leone an, do; Sarah Moore, Bldek, do. RP. Aus Om, « Adelia Kelley, Kelley, New for Pordland; & 8 Dean, Cook, Tannton for Elizabeth port; Charles, Coleman, do for NYork; Unowa, Gott, Fall Riv ¢r far do; nloops Eliza & Jayne, Chrisie, do for do,’ gid sehr EJ Next ickup, Philadelphia. Toh Sid brig Chitriew Heath, Loud, from NYark for Kon nebu hraW A Crocker, Hndtectt, do for Pictou; Adelia Kellev, and others. NEW BEDFORD, Aug 1—Arr chip Mary, from Nantnek of and for NYork (he was brought to NB for repairs and to be fitted for sea, after which ale will be taken to NVork (0 lond for San Francisco, under the oommand of Capt © Brock}; sehra William H Rowe, Wiggins, Pliledelphts; Suran Smith, Rondont. * Sid 0th, sehr Eliaabethport; C8 Waison, B iv, NYork: Mth, bark France, Richard, Havre, |, Aug 12—Arr brig a teagis Wright, Maya. Jokuros (Br), Devault, Turke Iviand ve Kk, Cadmue, nuit Tanne Merrit, ooks, do. Cld bark Ore- Freeman, Hows Ho Heffinan, Bennett, Vhiilips, and Lavinah Jane, Ketchum, NYork! Cid brig ¢ thavine 8, Hatch, Satem; echra Palmetto (8p), Pugol, Raracoa: Idaho, Pinion, Castine; ME Smith, Bmith, Sale} 4 Foster, Newburyport: Carthageua, Kell Went Har . a Tu oston ; Simm xt Green, Weaver; Lynn; J 8 Hew: New Bedford; 8A Sanders, New Lo 1, Young, Norwle Hik, on oh Hew T, Boston hethport: Realy Bn Lincoln, Bibber + brig Das. PORTSMOUTH, Aue S—Arr sehr Acorn, Merri PROVID Aug 1—Air steamer Westch: Tehanon, Giles, NYork to loa eves, Lal Ocean W York. ter, Jones, York; schr George N Seymour, Nor- and Martetta, Gray, thr Young Ameri ‘i Cayenne. 1W—-Arr sehr Lady J ‘adwin, N Pei ams, Th IFCIAL BONE VALUING FoR DECAYED TERTH, A inserted wile # without pressure or pain, Lctiing teoth or mi can be Sled and preser by the d ver, JAMES PEARSON, M. 1), Toome 850 srond w ide, one door above Seventeenth street. TIC ARTIFICIAL s clasps or extractiu: quartera lighter than any other. of the javentoi §. B. SIGiEMOND, Prices to suit the times, © Van Ripor & By CAS. LOR! fine groe long with Bassford, 149 Faiton, B, continues the o: B.—WM. J. SHARP OFFEI Tables, with bis newly im very low & ‘Also, a fow second hand to intorsn r's fresh N Scent Ale; oatway. FURNITURE. tal ite ornament 258 Canal street, op; 1% 1 wart tmeney and be Re he mamber. airing done. = <> RagP NOTICES. COPARTNES all Hatishactio Ky D, Post oflea, y an