4 SEPTEMBER 1869, Page 2

A cable telegram of September 1 informs us that the

public debt of the United States has "been reduced since March 1 by 49,500,000 dollars," or, say, rather less than ten millions sterling. How Mr. Gladstone's mouth must water We believe he would rather be able to announce a similar reduction of English Debt, out of revenue, than receive an equivalent legacy for himself.