Sir Morton Peto made an interesting speech at Bristol last
Monday on his American tour, the most striking point in it being his testimony to the abundance of capital and the large tlemend for labour still existing in the North, in spite of the enor- mons waste on the war. He mentioned that Boston had spent 5,000,000/. sterling on improvements since the war began, and that 'at its close Mr. 0. C. Stewart, who had been active in supporting a society for providing religious aid for the soldiers of the army, had only to ask help in Boston, Philadelphia, and New York, and within four days he had raised 92,000/. Sir Morton Peto spoke of the notion that the national debt might be repudiated with absolute contempt.