The New York Herald Newspaper, February 1, 1862, Page 2

2 ‘would have seemed incredfble until a few woeks ago thas after a century of iuternational legislation, marke’ by @ mitigation of the severities of war, aud an Un- tn the interests of commerce, an Osten. vernment prosecute & r, of o wey wahwch rave dowkts have been entertained on principles of barbarity aud destruction, to be equalied only by the captains of J ratical junks ia the East Indian Srehipolage. Ye confess we are lufinitely astonished to Qnu o.cantennces: wirnal indirectly palliating the de- struction of the park of Charleston by the precedent of our having proposed to sink ships, im 1804, in front of the harbor of Boulogne. Can it be necessary to draw out in words the obvious distinction between military and commercial poris—tetween a harbor widenet and defended for the cxpress om af the conquest and subjugation of England and a harbor valuable to its own country merely in the commerce of alt the maritime nations of Ew- ? ‘foblock up permanently the mouth of the Ga- ronne, and to destroy thereby the port of Bordeaux, would have been the corresponding barbarity; though it ig one which no European government ever’ imagined, Bot for England to have destroyed the port of Boulogne in 1804, oven if she had dove #0, would have been simply equivalent to the blowing up of Sebastopol by Turkey and her Allies in 1856. * . * * ‘The barbarities now perpetrated by the federal govern- ment are equally bracing the energies of the South, ant rousing governments to a common sentiment of indignatic hardly know why Europe has hitherto ‘acted toward the Northern government with so much more -outecing tha she showed towards Holland in 1831 and 1832, Holland was never guilty of the barbaritics committed by the Washington Cabinet; bat France and Britain, as soon as the Belgians showed that they could hold their own, and th: wr grew destructive to com- merce and general security, unhesilatingly recognized the in- dependence of Belyium. ‘The Bleckade Likely to be Challenged by Europe. ‘From the London Post (Coverument Organ) .'an. 16.} Paris Moniteur hos already called the attention of Europe to the ‘ vindictive’ prosecution of hostilities by the federal government of Washington, in the destruc- tion of Charleston harbor, which it describes as proyok- ‘Vag foolings of “ indignation.” It will hardly ho thought that this language is too strong, more especially since there is every reason to apprehend that the federal go- vernmout coutempiate similar acts of barbarous aud permanent devastation elsewhere, It will haye been ‘soon that they havesunk whaling hulks filled with granite, in a triple Tow, at the mouth of the port of Charles: ton. The resistance which these obstructions must offer to tide and current will probabiy result in the forme tion of sandbanks, which will gray as permanent and ir- Temediable as the natural sancbauks at the mouths of many European rivers. At the present mMuent it is poasible that the granite might with great labor be re- Moved; but in proportion to the period for which the obstacle is suffered to remain it will become tixed aud indestructible. The great outport of South Carolina may therefore be thought to be as good as blotied out from the maritime emporiums of the world. We have already said that the same policy is likely to be carried out elsewhere. Indeed, the objects invoived ia this act would only be rendered effectual and complete by its general application. Wo must expect that the harbor of vannab and the communteation of the Savannah river with the sea will be destroyed by the same meaus as the port of Charleston. ‘There can be no doubt that to carry into operation such ‘& policy as this would be an abuse of the rights of war ; and there seems to be some ground to question whether id would not Le also io excerd those rights. This question, in. deed, might suggest itsel’, whether we considered such wholesale ruin in its municipal or ia its inrernational re- lations. It is not, however, for us to consider the muni- cipal constitution of the United States. / has even doubled whetiver the right of declaring blocades were with- in the Presidential authcrity by the law of the Union ; and it might further be questioned whether the permanent destruction of harbors is not incofigistent with the Fight of the particular States in their internal reia- tions. But these aro matters which we can perhaps but lnperfeotly scrutinize in Europe. ‘Phere can be m0 doubt, r, that the free navigation of great Eeghen a lasding cecte/ Bergeon bbtiadeIntcrnae a os : tional law, eo gy not carried these interests toa Point inconsistent with the rights of belligerent#. It has ever suffered any infraction of the law of block- ade; but it has at the same time taken care to te down that law of blockade by the most rigcrous condi- tion:—the all-p:rvading feature of which is, that blockades are in (hin nature jp and net permanent; and are merely aimormal conditions, terminating with tie restoration of peace. Now there can be no question that if Cs la were unhappily in rebellion against this country, and we resolved to destroy the navigation of the river St. Law- rence by sinking ships full of granite, and by leaving it to tidal action to do the rest of the work, the government of the United States would immodiately resent our conduct asa violation of international law, and of compacts be- ‘tweon us and themselves. Neither can there be any doubt that they would be perfectly entitled to bold this language. The difforence between the case of the St. Lawrence and the case of the Savannah and Alabama rivers is, that the former, after traversing our own tarri tory for an immense distance, has its source in Lake Gatairo, the southern bank of which is in possession of the United States. These lakes are, +, 9 much in the nature of inland waters, that i might fairly Le disp ted sy ead mag en original righ! to communicaiion ‘with the sea, ein, however, rests the scle difference between the ports of the river St. Lawrence and the ports of rivers which the government of Washington is sopacennt threatening to destroy. right of navigation, in regard to several of the great rivers of North America, has been made during the das: hundred years the swhy extensive stipulation. The Missiesippi, which involves the port of Now Orleans, will serve a8 an exam) ely Of 1763, under which Prance ceded Cano rest Le’: to England, the right of navigating the Mi sissy ps red to British without being sappedor vt <sment of any duty whateorr.”” Again, in LI8®, nfter che’ independence Of the United States’ was ackuowlodged, aud when ion was again securcd to this coustry., y & Cheat io sitos om this question; it oaiber contre nor reacinds the stipulation in question. We are certainly aot Prepared. to advance, & claim upon this ground; aphers might be brought forward to as sort that the iicalasipp! Ens its source in the territosten of the British Crown. But considering that the United Louisiana had been ceded by France to Spaiii, the right of jury,’ The Treaty States aro allowed by this country the right of navigation | On the St. Lawrence, and that bath France and our solves can point io treaties asserting for both countri:s a right of mavigaticn on other American rivers, Earope does appear to possess a claim to be heard in arrest of the vindictive and probably em a aed wee bares whieh the Wash- ington governmen: Is threatening other great ports and harbors besides Charleston. Tho pores ot the great rivers of Europe by the Congress of Vienna tn 1815 mark- ed the province of this hemisphere in its international principles. These rivers were 4 open, not simply by compact.of the riverain Powers. but for the general advantage of international commerce. But apart from the ultimate results of thie barbarous pee, of in Pio fag agp Acie me cop a4 eS is to in ‘of every flag to chal- Maethitedene “tnaboder” phe nla CAR ex at only under the effective supervision of belligeren! cruisers, as well as by their mere presence. Now, the objec of the destruction of Charleston is confesscdly to atone for the inefficiency of the Uicckade, and perhaps for the total de- parture of thecruisers. it is certain that there can be Ro legal ‘‘blockade’’ by sunken ships and stoves. Inter- national law has placed the most rigorous restrictions im the way of interferonce with the interests of com- merce. blockades in this nature permanent do not exist “in law, h a harbor may be blocked up and destroyed in fact. Meanwhile we perceive that a Dill has been brovght into the Washington Congress au- thorizing the President to abolish harbors by municipal Jaw, and so lo tako thetn out of the reach of the law of nations andithe acceited maritime usage of the world. ‘We never yet knew that municipal law wasstronger than international faw. What may be the fate of this moasure we caunct foretell, but it beara a striking resembiauce to the barbarous poifcy of the oxecutive government, which ts filling Europe with an indignation that the Monizeur by no me exggoeratet, ond it be carried into gene- ral pracive the coast of the Confederacy, will repudi- ale the acting principles of citiization. Look on This Picture. THE STONE BLOCEADES OF ENGLAND. (From Gatigriani’s Messenger, Jan. 17.} Ip reply to the vioieut article m the London Times, on the bieckade of Charlestou, we have tho two following leitors:— Ste—The Times of Saturday last, in an elaborate article on the destruction of the port of Charleston by sinking ha'ks filled with biocks of granite on the bar, proceeds (o charge it exclusively on the ferocity and vindictivencss of the American character, coufidently demanding, « When bas soch an act been perpetrated by any European Power?’ to which the oditor exullingly roplies, “Tbis savace innovation has beon left to republicins of our own day.” On reading this anwarrantable assertion I felt that no amount of patriovism could justify the suppres- sion of a public deniol of the sta'ement. This deed of war, 80 juatly reprobated by the Zimes, is not the first of its kind. Parental Engiand se the atrocions example. On the evacuation of tls y and port of Alexandria, and embarkation of tho troops, in 1807, five veseis laden’ with slones were sua in Ove marrow passage iy which our qua dron, under the command of Admiral L/ had entered, and then sailed, concluding that it would bo the last retl of any vessel from the port—erroneougly, however, as \t has aubsequently appeared. 1 oncloso my card, and remain, &e. RN, ‘The other instance is contained in a letter from Lord Hobart w Sir A. 8. Hammond, Controller of the Navy. — MOST SECRET. Dowsie Sreemr, Feb. 9, 1804. At being thought advisable, under the present circum atances CA the wee, teat Te sori bo made for carrying Into oxec Project suggested in the en closed for ‘wp the entrance into the harbor q and the succers of nae an enterprise de pendi it measure upon the seerécy and de- oon ‘with which the preparations may pe made, I have the King’s oommands to siguify to you that you take these preparations under your immediate coutro!, and that you communicate confidentially with Mr.——, supplying bim with such funds and giving him such orders jor the purchase of vessele, and providing the materials which you may judge necessary for accom- ‘piishing the object in view, Ag soonas the vessels shall be auiliciently jarlen, you will give instructions that they should proceed with ail possible expedition to the Downs, whore furtaer orders will proceed from Lord Keith. DITION CF THE UMION TREASURY. © Hoglish View of Mr. Chase's Plans of Finance, (From the London Times, Jan. 17.] ha inguonce of political chloroform the Ameri- 0 ® stage familiar in the history of lated banks of New York, Boa- Philadetybia, and, as a matter of course, the \ treasury and all ‘the banks ip the Northern heve suspended cash payment. Thoy have taken > fn & most balmy unconsciousness of its mean. » ¢ inevitable reru: Inteed, never war a really nd axoeptional proceeding done with so much and order, with such tender consideration £ 2all peoplé—in favor of wlom cash payinent was ¢ tiaugd for a few days—or h $0 Strong a porca _~ ™ NEW YORK HERALD, SATURDAY, FEBRUARY 1, 1862. that the difficulty would soon beever. The banks. we are gravely told, have pradeatiy come to this resolution before they had quite emptied their tills. They are ready to give gold to such of (heir country cus- tomers as really require it, They compute that there mnst be $250,000,000 somewhere in the loyal States; there is still money coming (rom Engiand, and a taxation of $200,000,000 a year, or £40,000,000 of our money, will Doth carry on the war, make notes negotiable, and sus- tain the value of paper thet has to ran for twenty years. Tt would appear that these reasons are generally ac- cepted—at least, that they wore at the last date, for the Premium required for gold was still inconsidersdlo, and tuere was nothing at al! approaching to a panic. the Americans themselves there was still dence. ‘The only treachery was on the part of and other foreigners, who were said to be, as usual, be- having very ill. Agents for Fnglish corporations wore in New “York disposing of American securities oa any terms, and thus lending an evil countenance to the South. ern confederacy. Many miilious of dollars were said Lo be passing the border, uot only in exchange for stauggled English goods, but also because (here weie men 89 UD/a. trivtic ag to think dollars safer anywhere than in the United States. Notwithstanding these mischievous at- tempts to damage the federal credit, no doubt was enter taied that in a very few months afier the new taxation had been in full piay the federal government would find itself paying its way through all its didieulties, and this offering a splendid contrat to the Confederate cave, which was assumed to be in a state cf hopeless insol- veney. Is it really our duty to dispel so pleasant an illusion? We might a8 well read a chapter from Sir W. Reid's ‘Law of Storms’? to the next southwester as offer apy financial considerations to the Americans with the hopo of a practical result. But we mvst tell at least our own countrymen what this means. The five dollar notes now- issued by the United States Treasury and the Northern banks instead of the gold are morely promises to pay that sum a8 s00n as convenisnt after the termination of the ‘The value of such promises depends on a great variety of considerations, and ranges accérdingly from par to zero. When we substituled them for gold, in the year 1797, we were at war wilh a neighbor divided from vs bya narrow but Loisterous strait, having ourselves @ vast preponderince of naval power, nt having also the best part of Burcpe om our side, The Parliamentary session had openod with the promise of negotiation and a prospect of peace. Thero was no apprehension of danger to this ‘y, and we were only carrying on the war in the it philanthropy—for the sake of the Christian and ‘zed world, One thimg was very cloar—ibat any day we pleased we might retire out of the quarrel, with the British duminions, the British Tepe, just outside Calshot Castle. One of our Southamp- ton pilots, who came in from the Channel to , Peports: that at seven o'clock thig moruing he passed (he Tusca- ‘4 steaming out through the Needles. Of course, all sorts of rumors were soon afloat as to ber intentions in making off, but they were all set at reat by the sloop re- turning to the river, and taking up{her moorings again this.afternoon, between two and three o'clock. The Nashville, 4 is rumored, has boen gold, and become the property of Fuglish owners, but the Confederate tag and the pennant are still flying from the ship. THE PRIVATEER SUMTER. Letter from Capt. Semmes—His Opinion of Secretary Well TO THE EDITOR OF THE LONDON TIMES. Permit me, through the medium of your columns, to Say 8 word to the civilized world, in defence of my ship, against the scurrilous and cowardly attack upon her by Mr. Gideon Welles, who is just now the Secretary of the Navy of the Northern fragment of what was formeriy known as the United States of America. That gentleman (for by courtesy I must call him such, from the high offt- Cial position which ho occupies), used’ the following lan- guage in his receat annual report to the President and fengress of what remains of the oid confederacy :-— Tt was natural that apprehenslons should prevail in regard toarmed cruisers commissioned expressly By the rebel lead: ers to depredate pon our commerce, This robber; chants and others en in peaceful and lawful pursuits by piratical cruisers is ot inconsistent with te general con- duct of those who have violated law and mora! obligati invrdivate ambition. Our extanded commerve pre- nents for piratical warfare, yet but few of our rymen have prostituled themselves to the of mer- misguided cc purPosesot plunder, though thereto invited, atd these fow ave been in consiant flight to escape the avongi our vigiiant naval fo th the blockade ure were soon wrecked, bei sunk, with the excepiion of one, the steamer Simater, whien by some fatality was permitted’ to pags the Brooklyn, then blockading one of the passes of the Misalssipp!, and after a brief and feeble chase by the latter, was allowed to proceed on her piratical voyage. An invealigation of this whole oc- currenee was ordered by the department. Soon the Niagara and the Powhatan, from the Gulf squadron, followed in vizorous pursuit, tue latter, though long in commission, and with defective boilers and’ mchinery, under bor energetic commander, tracking the piratical eraft'as far as Maraniiam, The Keystone State, Richmond, Troquois and San Jacinio Were also in search of her at different points and periods, Although a ptratical rover, without eense from any recog, nized or acknowledged government, and avowedly engaged in the robbery and plund our vitizens, T regret 0 say this vessel hes been received and her wa its supplied, against the remonstrance of our consitts, by public authorities im many foreign ports where her character was well know g power of nee ded ces. Such of the British commerce, the Briti-h uninjured, and 20 loss, cept some sentimental dainage to our exalted character: juat a ront in the British flag. A war that we could tor minate any day ai ihe sacrifice of a few big words and shred of bunting aved not be # long one, and John Bu was mneh too wise to be always grasping at a shadow But in the February of that year we suspended cash pay ment, and did not return to it for twenty years. Betore that day gold had risen to forty or fifty per cent pre mium, and guineas were only to be found in cabinats aud old stockings. It cannot by said that at any time the war was a matter of absolute necessity to the nation, as we could have made peace at any moment without the aacri- fice of an acre, one military post, one institution or one person in these isles, Yet bstinately did ontend for the deliverance of Europe and the world from the disturber up the war for a quarter 3 confidence in our obsti nacy that till the end of the war the‘‘promise to pay’? was always much below par, and great indeed were the commercial difficulties and distresses involved in that depreciation, and the conse juent final rebound. A comparison of England in 1797 with the Northern States of America in 1862 cannot be considered favorabie to the laiter. It ig by no meavs plain that the Cabinot oF Washington writl be able to make peace without serious com promises and losses, Ii may have t» give up much more thin the Southern States. It may have to make terms with its own army as well ag that of the foe. The United States re not @ taxpaying country. Their high tarifs con- fess to the extreme difficulty of direct taxation, par- ticularly for federal purposes. Half the American taxpay- ers live in regions just rec! from the forest, anit sprinkled over with settlements. The great State of Mi nois, which may be said to occupy a mid-rank bet: New ba d and the Fur West, has hitherto paid in ail about £109,000 in taxes, and of this the railway has pari £24,000. The yield of an American Income Tax may be estimated from the fact that even rent there has always beeu resented as a sort of tribute, ands therefore a sym- bol of degradation. What security is there here for tho Tulure payment of the debts lixely to be incurred under an expenditure of @ hundred millions sterling a year? ‘That rate is not likely to be diminisbed or even brough: under control. Ali the ‘are open mouthed against au army of jobbers and speculators who are said to be making theit fortunes by the ruin of their country. They exclaim with not less violence agaiust the laxity with which almost anybody, anywhere, at the head of a few thousand men, is permitted to pledge the credit of the treasury. Meanwhile, an army of contractors are clamoring for paymext, aud justly observe that the sol- diers and officers get all the ready money, while they who supply the material fur the war are unpaid, They will now have to take payment in paper, whatever its value. There will still be those who will be in a condi- tioa to refuse paper, and who will have specie in the or. dinary couse of trade. They are’ ile fore'gn merchant and manufacturer. Not one tive dollar note will cross the Atlantic Styx to these happier realms, unless to amuse the curious or attract the passenger to the shop window ofa Change de Monnrie. Thore i not circumstance in hich America of 1862 can be compared with England of 1797, and, if ‘be British insolvency of which we have iately beon reminded lasted twenty years, we well ask when it will terminate in a redemption of every bit of paper in the States. ‘When an inconvertible paper currency 1s once substi- tuted for go'd, it becomes the bare <f the whole financial system, and its rising or falling value affecis every fixed payment, whether public or private. That value "iil rive with the prospects of peace, and fall as they reexie from the eye. The defeat which throws the cause on its defence, aud the rictory which encourages it to perseverance, are equally fatal to the hopes of ly peace. Mon may be ine or may deapond, but it is the probable dur war and the extent of the expenditure that will rule the value of the dollar note. Who shall pretend to say how long the war will last? The Confederates have been over.and over again pronounced to be so bankrupt of means aoe 2, rsdn ban yd Ce purpose, but the prediction repeated tco often to be he2ded; and whatever the yalue of the desultory operations on tne coast, the feder&ls find an orzanized, intrenched and well supplied force wherever they push their reconnoissances south of the Potomac. If the war is safe to last even one wear lomger, what wilt be the value of a promise to pay which will not be redeemed till a proper in- terval after that year? We do not expect t» be listened to across the Atlantic, but we think we see in this finan- cial catastrophe a b-ginning of the end. With twice the exponditure of our war, the government of Washington cannot raise half our reveaue by taxation. Let that speak for itself. To us it speaks of either bankruptcy and diserder, or the expedient of a European arbitration. ‘From the Louden Post (government organ),Jan. 18.) ‘ith money tn the pee coed the government has de- clared itself insolvent, aud fondiy imagines that it is ina Dotter position than if it had maintained its credit till it had spent its last dollar. The fallacy of such a supposi- tion must be apparent to all. ‘The federal government is indeed unfortnnate in rot ‘ing @ minister capable of grappling with the pro- sent exigency, or a Congress willing and able to provide the only means by which thenational credit can be upheld. ible dogmas affords evi- dence of financial skil! it would have been impossible to have selected a Seeretary to tho Treasury more able than Mr. Chase. Con anything be sounder than the policy which he indicates, and which has elicied so waoch admiration at New York? Let the country be taxed, he pr , to an extent snilicient t» pay the interost on the debt contracted, to establish a sinking fend, and to pay the current expenses of the government. Very advice thivis, no doubt and i twas foliowed we should hear nothing a’owt the se pen- stom of sperie payments, end foreign capitalicts would be Dy purchasing federal seevrivier. But Mr. Chase, un. fortunately, bas not told his countrymen how the happy consummation is to be effected. Teil aman who is in difficulties that the best thing be can do money for the payment of his rent and weekly Wills, to satisfy the ving interest on his debts, and to saiiefy in full the more pressing of his creditors, and he wil, )vdmit the sound) to provide doubt} 8 of tho adv’ bot can ly fee! benefitted uniees tho meane of pru the course indicated are placed withim hs power. Now, the means by whic their way and at the federal government should pay the same time lighten the load they are preparing for the backs of arity, Mr. Chase bas failed eto se. His” require ments for the current year exceed ono hundred millions Hia cuatomé will not throw six iillions irto hequer. Of the taxation which is to pay the in- on the debt and to create the sinking fund, we hoard nothing as yet. ‘The Congress, whother from an inability to realize the sitvation in which the country ia placed, or from not being habituatod to impoee taxes, or from % consciousness that if they do itnjose them re not likely to be paid hitherto manifested @ singular disine nation to the necessory su plies. ‘The Now York press complains that u moneyed men are anxious to bear the bur. den of the war, the Congress fails to devise the mears by which its intentions ara to be carried into offect. mittee of Ways and Moan which has been appointed by Congress differs eatire- its composition frum similar committees here, n fact, are formed of the entire House of Coin mors. The committee at Washington is compoeed of in- Cryidnals suposed to possess financial talent or experience. Iu Loe present instance, howerver, it would seem that its members have been ill ehosen. ‘Me. Stevens, ita chair- man, thongh well informed of the discussionsfon the tariff which took place a quarter of a century since, is by no means vorted in Gnanctal science. Bad enough as th is in an assembly where the Secretary of the Treasury bas fo voleo, it is rendered still worse by the fact that Mr. Stevens and the Secretary are not iy on friendly terms. Never wae a greater act of folly commit- teres! have ne clos.ng paragraph of the above elogaut extract from an American State paper would seem to show that, although it was penned ostensibly against myself, it was, in fact, levelled at those Buropean Powers which had ac- knonwtedred the Cin folerate Slates to be a lawful belliger.nt in the war which kiwi! been forced upon them. On no other supposition could it charge me with “robbery” on the high seas, and with being a “piratical rover.””” A pirato is hos'ts humani generis, and may be seized and sum. marily dealt with by any aud alt the nations of the earth; but the fact is, these officers of the defunct federal Union arg so blinded by their venom against the South that they have no longer ine power to distinguish between terms, Mr. Welles, also, in imitation of the dirty and mendacions press of the Yankee States, calls m: a privateer. Ho knows botter than this. He knows that a privateer is a vessel that boars a lotter of marque, and that {am cruising wader no such letter. He knows that I have fie screw steam transport Spartan, Capt. Wigg!ns, laden with 1,200 tons of shot, shell, and heavy stores, fot the Koyal Arsenal pier,’ and was towed down to Greenhithe to be adjusted for sea, The Parthenon, Capt. Robingon, freighted likewise with heavy war stores of @ similar description for Jamaica, yesterday hove off tothe buoy, to take in her coals and water in preparation for departure. Orders have been received at the Royal Laboratory at Woolwich for the manufacture of 2,000,000 Minie bullets per week, to bo continued until further orders. An addi- tional number of boys aud giris have been instructed, under the superintendence of Mr. Tuzer,in the careful method of filling cartridges, so as vo hold that number of ball cartridges in readiness for transport per week. The testing of 100-pounder Armstrong guns, at the Royal Arsenal proof buttcontinues during the entire day, until some time after sunset, in order to supply the whole of our colonial possessions’ and tho shipping with that for- mi:lable weapon as early as may be. THR WARRIOK NOT ORDERED TO NORTH AMERICA, 1a régard to the reyort that the evlebrated frigate War- rior was to join the Noth American fleet, it is explained that the War: as about to embark supernumeraries for the Mediterranean and West India stations, and con- vey them to Lisbon. On arriving there she will transfer those for the North American and West (ndia squadron to the Hagar, which would ‘gail immediately afterwards to join tha squadron of Admiral Milue, while the War- rior would await further instrustions at Lisbon. ‘Tho ships-of-war which had assembied at Gibraltar re expected to be ordered back to Malta. The Reception of Mason and Slidell, Paris, Jan. 19, 1862. The Temps, in announcing that Messrs, Mason and Sli- dell are expected to arrive shortly at Havre, says that no obstacle will be offered to the fuifilment of their mission toFrance and England. The Plenipolentiaries of the South will be allowed to plead for the recognition of the South. ‘The Prese says that tho Fronch government will not receive Messrs. Mason and Slidell, nor any other Southern Commissioners. THE FEELING IN FRANCE. of Recognition for Slaveholders. Revue des Deux Mendes (political article) of Jan, 14, England and France, if es) respect the principles which dohonor to their policy and their real interests, should deaire but one thing—-the speedy close of (%: revo- Iuti nary condition of the United States, It is cloar that the most just, the moat natural and the most efficacious means of putting an end to the struggle is to leave to tho North its freedom action, and not to en- courage the South in its resistance uy allowing tt to believe that it can bring to i defence the great European Powers, Tho insurrection aud the separation of the South have a motive which is repug- nant to liberal Europe; that motive is the maintenance of slavery as @ permanent institution. Tn this the Southern States have counted upon a Kuropean interest—tho cot- ton interest—and the failure of the raw material. Io a political point of view, the secession was a speculation in cotton. Europe must prove to the South that the specu. lation ix a bad one and cannot succeed. In the No.th No Hope {from the been regularly commissioned as a ship of war of the Con- federate States. If he and his deludod associates insist »p- oncalling the citizens of the Confederate States rebels, uier the idea tis! those States still form a part © theold. Yankeo concern, then he might charactorizs me as arebel man-of-wer, But if lam this,so were all the ships of the Amorican colonies commissioned by the Virginian George Washington. Mr. Welles telis the Presi- dont and Conzress tat, by “some fatality,” I ran the blockade of New Orleans, and that ho had ordered the whole affair (v be investigated. With the bitnd rage of a bailed madman (jem Deus vult perdere, &:.,) he will, ne doubt, endeavor to crush the harmless and inoffensive commander of the Brooklyn, who, poor man, no doubt dit bis best. He says,aiso, that he has had six of his largest and fastest steamors in pursuit of me, and that the commander of one of them was so energetic as to perform the daring act:—the of a beavy frigate—which called ferth the pas of the Yankeo Navy which we tind in & subsequent, part 5 les’ report; ir clerks this officer goos on ‘to Comack ae te Patriotic ofMieers of the navy, and the brave men who, in va- rious scenes of naval action, h@ve served under them, the department and the government justly owe aa ac- knowledgement even more earnest and emphatic,” than than that which thoy owe to his clerks! Oh, for a James: to portray these “‘sceuos of naval action,’ confined to a predatory warfare on the Potomac river, direoted chicfy against women and children; (0 the capture of a sandbag battery at Hatteras; to the ‘masterly movement of the great Dupont, the “greatest u«val coramander of the age” tn Yankee hyperbole, who not only knows how to use gunpowdor, but, with Yankee thrift, to turn and honost penny by pong 10 to the government; and to (he pursuit of the piratical Sumter, away ever a0 far, evon to the shoros of Brazi!, by the gallant Porter, who probably for this feat—so little material has Mr. Welles fur heroes— will be made @ ‘fing officer.” I feel houored to have been thus pursued by six {rigator, and if one of thom caught Messrs. Mason aud Slidell instead of catch- ing me, why that is Joho Bull’s afair and not mine, But I am desing from these ships, says Mr. Welles. Soft, Mr. Woiles! He would have me, I suppose, fuii into the Yankee trap ho has set’ for me, and rush to the encounter of his six frigates, the least of which is twice my size and of more than twico my woight of metal, He dares not send a ship of equal force to meet me, and if he did do so, being safely enscopced himself in his armchair, I venture to say that the officer would not dare to tind me. ButI have to inform Mr. Wolies that by ‘“ some fatality” I have run another blockade. 1 roceatly steamed Out of the port of St. Pierro, ia tht of Martinique, ju the face of one of the fartest and finest of his Yankee ships, the Iroquois, and which is more then twice my force. ' Poor Captain Palmer ! I fear that he too will be immolated on the altar of tho ‘universal Yankeo nation,” because he did not catch the Sumtor, though from al! we can lecrn he had fits on the occasion. This honorable captain is indeed a fit representative of the honor of Yankee-d for he violated tho sovereignty of France and his owa solemn pledge at the same tims, given to the command. ing French naval officer present, rau blue lights (brought all the way, no doubt, from New Londop Connecticut) to be burned on board a Yankee schooner in the harbor, to signal to him my departure. But I only allude to this cn passant, as France is abundantly able (0 take care of her own honor— If the universal Yankoo nation Cau whip a'l creation. ‘When Mr. Welles learns, tvo, thaton my way hither I burned threo more Yankee ships ani liberated a fourth only because she had an Engiish cargoon board, he will probably send six more of his doughiy war ships after me—that is to say, if he can spare them from burning corn cribs and frightening women and children along our Southern coast. He will take especial care, too, to put plenty of men and guns oa board of thom, for other- wise I might not be in “such constant tlight to ex the avenging power of onr vigilant naval forces.” A word or two more aud T shall have dono, What can wise Mr, Welios mean when he objects to the “rovbery of merchants aud oilers engaged in peaceful commerce aud lawful pursuits? he not know that all property. with rare exceptions, captured on the high seas, is property belonging to mer- chants and others engaged in peaceful commerce and law ful pursuits?’ Why this senselees distrib. about robbery, aad piracy, and private praperty, and peaceful | commorce, and lawful pursuits? if Mr. ‘Welles would give mo an opportunity of capturing some of his public property I woud be mueb obliged to hin, very good care not to do this by s ps after me; and ha th capture of pri+ Yankee paper an re- count of a wood sloop—that is a loaded with fire- wood—having been ‘most gallaatly” captured and burat, th y, on the Potomac, and a number of other small craft, baionging to the poor people along the coast, have been captured Irom time to time, and aent to Yankeedom for adjudicatic Even fishermen have been jected to the game fate—u class exeiapted by ali flized nations, But suppose it is only when the vos- is a One ship of 1,000 tons. belongs to « Yankee, and iscaptured by the Sumter, that the property be vate! Astute Mr. Welles! The fact is, that this Northern horde of the Alani, which is bearing down vpon the sanny fields of the South, in imitation of their ancient prototypes, bas (while Mr. Welles is singing this hypocritical song) set ali the rules of civilized warfare ai deflanos, and Captures private property on the laud as well ason the sea, The gallant Dapont laid his unscru pulous hands upon all the cotion he could fad at Beau- fort—a few bales fn Mad it happened—anud, dret and last, many brilliant achievements in the way of stealing negroes and robbing and buruing privete residences have vate property? I saw re the Union remaining compact and strong, the Southern confederation maintaining slavery and holding possession of the outlets on the West by the mouth of the Mississippi, pence is not possible between these two sepa. rated States. How could England and France ailow themselves to be draggod into an interminable war in order to obtain ono year's cotton crop? But, if the actual necessities of a brunch of their industry blinded them persons of American in any society, was the cause of M. . Dayton, ‘slightly wounded in the neck by ‘8 gun while out shooting. as Grm and higher. Renies ou the ITth Closed at 69.50. Italy. In the Italian Sonate on the 15th, Baroa Ricasoli made @ general statement of the policy of his ministry. Ho commenced by stating that ho had endeavored to com- plete the Cabinet by the appointment of a Minisior of the Interior, but that the pending reforms created insur mountable obstacles. He was not disposed to make a com- Promise with political parties. Tho ministry, he con Unued, did not consider that it would be dignified on th part to resign without a declaration of want of co from the House. Should it condemn their po would know their duty, As regards the affairs of Naples, ho said the government had accepted a heavy responsi bility in order te hasten the accomplishment of the uniti cation of Italy, Touching ihe Roman question, Baron Ricasoli said:— At Rome the destinies not only of Italians, but of huma. nity in general, will boaccomplished. 1t is not possible to determino tho time of our triumph. It may be that at this very moment our destinies are ripening. The Ministers Cordo; Monabrera, Bastogi and De me gave explanations relative to their several depart- ments, Commandor San Martino said he had had two inter views with Baron Ricasoli on the subject of his entering the Cabinet, In the first ho gave a decided refusal, and in the second heexplaiued his views in reference to the policy of the government. He did not think the fluances corresponded with the vigor infused by the ministry into tho national policy. He should wish to see the questions relating to diplomacy, fuance and thearmy progress har- moniously to a settlement. As it was not likely that the politioal questions now peading in Italy wonld be resolved within a bricf period, he should wish the government to declare to the country that without renouncing their object they would have pursued it with means not of such a chtracter as to entail financial ruin. ‘The Marquis de Villa Marina thon requested Baron Ricasoli to explain the passage in his speech—‘it miy be that at this very moment our destinies are ripening.” Baron Ricasoli replied:—‘* T expressed myself thi canse the Roman question, being a mora! question, 08 Progress every ay.”" He requosted from the House an explicit vote, eiiher approving or censuring the ministe rial policy, ‘The Collowing resolution was then almost uuanimously adopted: — Tho Senate, being satisfied with the declaration of the m istry, passes to the order of the day. ‘The subject of subscriptions to Peter's pence had bean debated; but ministers said they could do nothing in the matter, Some French troops had entered Alatri and arrested ten Bourbon ofiicers. Turi, Jain. 19, 1962. Garibaldi has refused to accept the Presidency of tha National Society of Providements. Terw, Jan, 18—Fvouing. Tho Chamber of Deputies have decided that the propo sition of a member for a universal exhibition of tho in dustry of all nations, to take place in Naples in 1863, shail be considered, Poland, Private advices from Warsaw state that eloven mora students bad been condemned to serve as soldiers in the army of Siberia, It was reported at Warsaw that Mons, Chigi, the pre- sent Papal Nuncio at Paris, would be transferred to St. to an unjust policy, they would atilt expose themseives to sacrifice the permnont cultivation of cotton in the South- ern States to the supposed advantage of obtaining tho crop of ono *jnd Facts have shown that the prolongation of the civil war, though confined to its present limits, tends to ruin in the Southern States the cultivation of cotton, What would happen if, civil war aggra- ted by a forcign war, tho Washington government were forced to raise immediately and radically the questiog of slave labor? In a short time the cultivation of cotton would disappear from America, and France and England would thomsplves have contr:buted to the anni- hilation of that which was to be the roward of the grati- tude of the Southern confoderation, and a war booty against the North, AMfersrs. Mason and Stideil, accompa- panied by* their secretaries, will not succeed in making France and nd commit an act of so much The Buglish would ‘havé bravely carried on acoaily war for thom; they would have dene so for two or three negroes, a the Times said in its energetio language, if a question of honor forced thom to it; but they will not do so even for the cotton. interest. Let them not fall into a mistake as to the sentiments of Fiauco from the encouragement given to the cause of the h by a few French journals whose conduct it is dificult to oxplain. They will not find France disposed to recognise the Southern confeieratim, ‘The greatest and the only triumph of their embassy to Europe will bo that of hav- ing cost England four millions sterling; and, after all, it is only to Capt. Wilkes that thoy owe this notable triumph, France has more than one reason to rejoice at she favor- able sottlemont of the Anglo-Amorican diffrence. Sho has played, through her diplomacy, an honorable part in this al M. Thouvenei’s despaich to our M: at Wash- written at the commonceinent of the difforence— that is, at the very morgent when the influence of France could be exercised with the greatest advantage to both parties—combined in exact proportion doth what we owed to ourtelies in support of the true prinriples of marilim: law, what we owed to the English alliance, and what we owed to our old friendship with the United States. We should not be surprised if tho ne. interference of our diplo- macy guined for us the thanks of Lord Russell and Mr. Seward. The utility of the co-operation we have given to England is obvious. To the United States government the service wo have rendered is uot less. In his despatch M. Thouvenel reminded that government that, on the quostion of the rights of neutrals, the Uvited States were lodged to the same maxims as France. That indication just corroborated the yory becoming appeal which Mr. Soward bas mace to the constant traditions of his government in disavowing the conduct of Captain Wilkes. The proctse deciaration of tho opinion of France on the affair of the Trent is useful to M bes geet against the pa- oa which might havo boen roused ‘both in Congress and among the people by the conces- sions obtained by Eugland. ut as regards France, she ‘herself ad the conclusion of the Anglo- may wal congratulate : American difference, cially with respect io our internal 1 Tue menace of a war between Amerien. and Eng- id was a diversion too strong for the political nerves of France. It turned our attention from our own bust. ness, and perticularly from a class of subjects at once financial and political, which the acts of the 14th of No. vember (M. Fould’s letter to the Emperor and the decree adopting it) had ed, but which had fallen into the shade while the problem of peaco or war remained un- solved, The Invasion of Mexico. ENGLAND SOMEWHAT SORRY FOR HER PARTNERSHIP. {From the London Herald (Derby organ), Jan. 17.) Tho continent of North America takes something more thon ig share in the interest of the tay. Tt w not , it seems, that a large portion of that continent should ‘bo just now agitated to its centre by a civil con- test which waxes every day more ferocious. The half Spanish people of the South—thoee who dwell almest on tho borders of Coatral America, peopling the ari seacoast and the lofty plains of Mexico—are now to have their turn of trouble, for an invading | army is now established on their soil. We muy feel , for this people. ‘here are xo race in tho States is slowly but sately deteriorating frcm the origina} type. In the cage of the Mexicans there are none to argue the matter, it being agreed on all hands that the Spanish blood 1h thair veins haz rather spoiled than improved the breed of & people that is inferior in all elements of man- the race of civilized le whom Cortez con qn If it be urged on their be they succeoded in shalting off the ralo of Spain, the pi the statement that they (lit no euch thi * * * * pity, we cannot feel respe niiny who argue that the If it had not been for the dificulty with North America a British force would ere Uris have tren in compamy with the Spanish squadron in the waters of Vera Crus we hear only of the Spaniards, and to thei. has fallen tho credit of the only success which Is likely to be gained by the intervening powers in Mexico. Vora Crug hag fallen into their hands; the Mexican commander has retired before them without an attempt to save the place, and the fortress of faa Juan de Ulloa has boisted more the flag of Spain. ‘eave at 7 loss (o conceive what the Spanish commander intends to do nea’, or what the French a to do when they have joined him. It is cloar that tervention cannot be atended for the sole advan Spain. If the Spanish Geuera!, wito in his proclamation, speaks so magniloquently of his mission to avenge the wrongs of his conntrymen, entertains any idea of this sort, or harbors the notion of reconquering the country for hig mistress, we think it woll that been accomplished by these Northmen amid the “various scenes of naval action” in which they have flourished. Bot I grow tired of the subject, and I fear have already trespassed too much upon your apace and patience. T tun reminded, too, of the old adage, that “Ho who mod dles with pitch sliall be doflled,” aud #0 I will take eave is report. lor Copfederate States Navy. Coxrengrats Saves Sxeasaer Somrun, Capiz, Jan. 9. DESERTIONS FROM THE REDLL CRAFT. A telegraphic despateb from Madrid, of 16th ult., 'o6 that six of the crew of te Sumtor Lave deverted. THE SUMTER AT GIBRALTAR. Maonip, Jan. 19, 1862, ‘The Sumtor has been ordered by the Spanish govern- ment to leave Cadiz, and 6). has gone to Gibraltar. ‘Malta (Jan. 11) correspondence of London Times. ted than when, in frarning their constitution, the citizens of the United States insisted on excluding their ministers from Congress. Ou two occasions of late the federal States have suffered seriously (rorn thi it was knows at Wasbington that Eng’ the surrender of the exjturod commissioners Congress was in session. Had @ rosponsibio miv\sior been he might have been queetioned rosvecting the {ntentions of the Government, and along susvense bave been obyi- ated. Now, again, if the Minister of Finaaco was a mem- ber of Congress, he might poasibly urge it to take active moarurer, instead of coutenting bimseif with expounding barren theories. Every nation has the right of selecting iis own form of government; Mut that of the United States seems to us to have been suited only for the fairert of weather and not for tho dark tempests which have of late aseatled the republic. THE BLOCKADE OF THE NASHVILLE, The Tuscarora Makes Another Kun and Returns to Her Post. corresponience of mea. 1: was diseovered yesterday evening that the ‘Cusca. » bad agaia left her moorings, and gone down the xe anchored for the wight, it is understood, of London 0 intelligence of the decision of the Washington (abi. net to give ap Messrs. Slidell and Mason was receivad here on the 9th inst. Majesty's screw frigate Doris 92, Captain Sir F. L. MoClintock, which left this for Gib: raltar on the 90th nit., bas been ordered back at once, The London, 90, Commander J. Simpson, arrived hore from Corfu on the 9th inst., iu five daya, under sail. She was to have proceeded Wo Gibraltar, but will now remain here for the prosent. Times, Jan. 16.) 8, 000 horee power, Captain R. A. Powell, C.B., was yesterday removed from hor berth, ongside te floating shears at Chatham harbor, jower down the river to Foliy Polat, where she will remain to complete flitings. Her destination is not yet known, but {t is proba’ be will be sont on a short | ernine tothe Mediterranean, or somo other less distant t thor steawing and sailing powers, und to eriain har beba gals. On her return ohe i t 1 Milne'a aquadron dition is t wh the handa, th romaigs a met ik | North : ‘ . | Woolwich v one e | | France. he should be set right as speedily as possiile. The only forward movement possible to ira would consiat in a march on the city of Mexico, Aw that city is about two huudred and fifty miles distant from Vera Cruz, and lies at a hoight of 8,000 feet above the rea level, as the conntry between these places is for the most part an arid cha march would obviously be attended with ble difficulties, And as even the mest pusilla. nimous people may excel in & sort of predatory and guerilla warfare, it would be most unwise th a commander to attempt an advance without an army ten times as large as that which General Prim is hastening We into it a most unfortunate thing that our govera- ment should have given is sanction and co-operation to a wild crusade which seoms likely to have for its chief regult the fartherance of echemes of aggression and con- west, Wa shalt gain Lite credit; we may expect Yas prof from this ill-advised Mexican intervention. Wo trast that it may soon be over. The soquestration of the reveuues of Vera Crua, which, as it is the chief reaport of Mexico, should be considerabie, would afford us @ prospect of ob: taining aome indemnity for our expenses in thie expedi- tion, if not all the satisfaction that we ask, The Journal des Debate thinks that Lord Palmorston’s intentions towards the United Siator are not pacide. ‘The Paris correspondent of the London Times reports that the Emperor had decided that *enceforth no ‘reriice- ment abail be given to any of the important journals without previous examination and discussion before the Council of Ministers. Tho Parla correspondent of the London Morning Post | writes as follows:—It s that Mr. Dayton, the Ame- rican Minister at Poris, sent ina list of some ‘twenty to thirty Ameriean citizen) for presentation at the Tuileries on New Year’s Day, {he reprosentative of the Untied | Stator tharonpon received a note from M. Thonveuel, ju n Affairs, request'ng to know what was “ vosition of the gentlemen end ladies of baing presented to their Impe- rr Mi T hetie rroc tn sayiog that Mr, Dayton simply h f y 088 jon he bad mld bo racer ez, Tt reevited 1 AL tue rooept von ot Court, on for | 4 ‘ Petersburg, ond that it was the wish of the Popo that tho Nuncio should reside alternately at St. Petersburg, War- saw and Wilua. Turkey. Much ill focting is roported'to extst between France and Turkey. The insurgents of Zubzi had returned an ingulting rep!y to the proclamation of Omar Pasha, in whigh he prom ‘sed thom an amnesty if they surrendered. Chin A private letter from China detailing the barbarities perpetrated by the rebels, and relati how they wore driven off from Yentae (Chefoo) by the Fronch aud Kog ish, says:—Proviously, two American missionaries—Mr. Parker and Mr. Holmes—hearing that tho rebel: likely to vait Yentae, buckled on their rev: rs, mounted their horses and rode out thirty-five miles to meet them. ‘ihsy passa the outposts and gut to the ebi they a-ked bim his intention, questioned him as to religious belief, explained a little Christianity, and thea cut to pieces by his people, Commercial Intelligence THE LONDON MONRY MARKET, {From the London Post (City Article), ‘The English funds have been di:it to-d consols havo fost the advance obtaiaed return of tho Bank of England boing whole as favorable, consols opened price since last evening of 9334, by however, 800d afterwards gave being effected, the impression the market is supplied with business quotations had not g 93. money and dealt in at 249241; 3 per new 3 per cents, 933; a 92% a 93} 185. prominm. In tho foreign funds the transaction ous and the varions securities aro al sustained . the dealers being generally’ Chilean, Mexican, Portuguese, Spanish aul iy held. New Granada ‘and ‘The to-day at 2% p proved, and begins to attract attentiol In coisnial government securities Canada 6 p ponds (1877-9) were done at 10844: do. (Feb. and 110'g; do. 5 per cents, 98}4 a 99; New Brunswicl per cents, 10534 a 105. Virginia State 6 per cont bonds fetcbed 4744. Astall parcel of gold, about £2,000, was taken into tho Bank to-day. In the early’ part of the week we called attention to the fact that gold was beginuing to be sent to the « nent, in consequence of the demand for silver. efflux, although for the moment of likely to go on for the present. It must aiso be obs produce of the Moorish loan will be sent to Spain | market has been rather t few days. © AND CO Laverroor, Jan, 17, 1862 Corrox.—The demand has becn yory liuited all the and as many holders have been willing sellers prices have daily declined, and at the ci re fuily one This more active than during the I MESSRS. RICHARDSON, SPI CIRCULAR reduction applies to all kinds of Islands, and there are rather iting Orleans, 12d,; do. Mob 24d. per tb.’ In Manchester 'b most cole to a stand; gales cannot be elected and prices are nearly nominal. Barapsvurrs.—This week we have had again very arrivals, but there is no pressure to sell wheat, and little ander current rates there are buyers of quantity 2a good attendance of tho tra'le. ever, sold only to @ limited extent, at are of Id. m2. pei closing with a» rathe: firmer feeling. Flour freely offered at a decline of 1s per barrel, without leading to business. Indian corn glow aud easi At to-day’ ‘ob wheat mot a goor deman!, both for spec tion, at an ad vance of 2d. a Si. p rates. Flour rather firmer, bui stil! diflieult. to # Liam corn in better request, at advenc tes. Wo quote whert-—Rad_ Weatern, for Chicago Lis. 34, a tls. Gt. for 3 ambor lowa, 2d. a 12s. 4d. for outherm, 128. 4d. a 128. sive Western, A 128, 9. : Southern, 138. a 13 sd. per 100 Flour—Fxira State, 20s. 6d. a 205 extra Onin, 5 Indian corn—Mixzei, 3 per 480 Iba. ing only for present wants er. of sale, nt doctining rates Bacon continues freely offered, hohiers showing ovory disposttion to sell, and cheaper, but with rather day 382. a 40s. for Camb: a dle. for short middies, Cannes, under large arrivals, has farther declined 19. a 26. por owt Laap without improvement, the demand having quite disappeared. A Tauiow depressed and prices deelining. We exnnot quote over 488. 61. for Butchers’ Association, and 47s. 0 482. for Now York city rendered. Quencrron Bank steady, at 138. 0 18s. Gd, for Phila delphia, and 108, a 11s. for Baltimore. Koory duil, at 128. a 188. 6d. for common, Seung quite neglected. 2 FINANCIAL AND COMMERCIAL. land cub aud long middies, 403 Tbe in. 4 see Fatpay, Jan. 31—6 P.M. In some quarters there was rather more demand for money to-day, and many of the brokers are paying six per cent, Others, however, obtain all the money they need at five. First class paper rules, as yesterday, at 6 a7. Letters by the Africa state that no loss than £55,000,000—say $275 ,000,- 000—are deposited in five joint stock banks in England at 1} per cent. Some English writers state that a portion of this money would undoubt- odly be invested in American securities but for the general impression that we are @ nation of ewind- lers, and do not intend to pay our debts. The sccurities of Brazil and Turkey appear to command a higher position in British esteom, and are rising in the market. Foreign exchange is irregular, and fluctuates from hour to hour. At one time to-day no good bills could be bonght under 11344; but later in the afternoon we heard of bankers’ signatures at 113, and the closing rate generally reported by the brokers was 113}4. Francs are quoted at 5.00, Gold was rathor firmer to-day, and was held at 103% nt the close of business. At this premium there is no profit on the export, 6f coin to Europe. The stock market continues irregular. The nia | eoneral tendency of operators is to buy for a | iso; bP thove has been a very free suppl ‘ ~ hence, notwithstanding 4s are barely maintained. ‘ket depends upon the sent buyers to carry , and upon the supply yy yet come apon the mar. n judge, the market has ‘ly all the stock which has late bulls, and the circle e widening. At the morn Beneral advance in Erie se p 2%, preferred +4, and the 244. It is expected that jor Euglish account, New ludson 4%, Michigan South 4. There were large pur. r cash, and it rose 4% per ose in a day or two for the fhich, rumor states, will! Speculators predict pat stock. The decline in Rook Island, 34 in To- fourth Erie wi York © ern 4, chases cent, Februai be tiv dividen of the ledo, 4 in Illinois Central, % in Michigi Reading, and % in Mis- souris a ere wi gress, morning then ral the Go the side’ on rum letters were di being th pon, 188 Indiana Government sixes, which by the inaction of Gon- pnt, At the close of the rket fell off a fraction, rumor to the effect that Carolina was rallying to id afterwards fell off again ‘able tone in the private t the second board things unsettled, the following :—United States 6's, cou- , coupon, 1874, 78 a 794, inia 6's, 51; Tennessee 6’: 44g ad a 6's, 62 a 14; Missouri 6a, 42 4 il, 983499; New York Central, 34% a %; do. preferred, STAY 3; do. Michiga and Noi 42 a ¥4 3834 a 39; Harlem, 12% a a3i; Reading, 4la 44; ®@ 52; Michigan Southern 134 @ 22; do. guaranteed, 4; Ulinois Central, 60% a 67% a 68; Cleveland go and Rock Isiand, ington and Quincy, irie du Chien, 20% 0 incinnati, 105 a 106; 414; Evie third mort- ntral 8's, first mort- sl bonds, 7's, 94 a 96. 3 by the Africa we issioners of Customs yn on the export of ent action of Great to lose no time in the old figure—three lead paid this duty- ead that was needed prters of the article. duced that we have ‘tions for one of the r. The restoration short time, render us our supply of lead, handsome reve- ® government for tho use of buying into hia be ac- the in e ad: iclusive. noticed aa nsactions be- F Baring Brothers & Co.8 ma securities are without change 0 E. F. Satterthwaite says:— We bave ting market ia American securi- ties since © otations materially improv the solution it dieulty, but gavo way rapidly n the ani ‘of the suspension of specie pay- ments in N piladelphia and Boston. Sach um svent, in ¢ British capitalists, might possibiy be the fore! national (ingnciat paralysis unex- ampled in of tho United States. Illinois shares, wh! 41 discount, declined to 44, and Brie, after , avo way to 273g. At the close the market ut nothing doing. The Lou of the 18th thas notices and quotes thd in the col again rath Great West partiowlarl ‘canada five) United 8 Virginia Atlant mortyag rio shares ho. D» Now York bo. Do. Uivols Cont D maut Canadian descriptions were and Truk closing at 21a 34, ani American secur ng O's, i870.. Bagland st as compared with the pre- following vious wed Decrease. Pubiic dey Other dos Notes in cil] Rost. On the £1,126,0368 . 44,376 m pf the accoant:— Govern = 600,000 Other . — 1,012,641 Coin and + 946,600 _ Note é _ 79,980 The he rates of discount ia the princip lontinent:— Bank Rate, Op. Market. Per cont, "Per cont. Paris... 6 4% Vienna « 6 6 Berlin. 4 aKa 8 Frankfo 3 4 Amnater' 4 4 ‘Turi 6% 5 Bru 4 4, Hambui - ay St Peter ys “¥ 8 The b the Cleveland and Toledo pitted to the directors at is city on the 28th inst., ‘24th inst., shows:— $78,514 companies on Railroad the med which wi ‘bon bi Due from Acoount o Estimating ‘Total... Deduct coupon Patance: ‘The exchangé morning were $90: The Long Islan% nual dividend of fo 52,100 253,009 +e ++ $90,114 aring House this the balances oad of Meigs & Exchazige, has been dissoly aned, vie;~Charles A. M