The American correspondent of the Times has made a blunder
which sent down Consols. On Monday a telegram appeared, forwarded by him, asserting that Mr. Seward had received intel- ligence of a levy of recruits in Egypt for service in Mexico, and had forwarded to Paris a despatch in which he affirmed that the United States would not " permit" the arrival of those troops, or any further reinforcements from France. On the following day Reuter's telegram from New York announced, on "semi- official " authority, that no new action had been taken at Washington in Mexican affairs, and the impossibility of the original story was perceived. The letter repeating it there- fore fell dead, as did another erroneous telegram announcing that General Grant was declaring everywhere that "France must be driven out of Mexico," the said General being one of the most reticent of mankind. The original error seems to have arisen from a mistake in the date of a despatch, Mr. Seward having twelve months ago informed Mr. Dayton that in the end the United States would object to an army of negroes from Egypt.
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