The Sun. — London, England, 1841-11-23 00:00:00

MORNING SUN MEETING OF SPANISH BOND- HOLDERS. A meeting of the holders of Spanish Passive Bonds took place yesterday at . the King's Head, in the Poultry, for the purpose of taking into consideration the situa tion in which they were placed by the bad faith of former Spanish Governments, and also to memorialise the Re gent of Spain, the Government, and the Cortes, with the view of obtaining that measure of justice granted to the holders of Active Spanish Bonds, which was most solemnly pledged to the holders of Passive Spanish Bonds, but withheld from them after the Spanish Government had publicly advertised that they had received orders to carry into effect the decree of Feb. 1836, and after their agents had issued and printed forms for the purpose of converting the Passive debt into Active. Mr. Hapnow, id proposing . that Richard Thornton, Esq., should take the Chair, said that himself and friends who were large holders of Spanish Bonds, had called the present meeting to obtain Justice - from the Spanish Government, and the simple means of doing so was by calling upon them, to carry into etfect their own decrees passed in their favour. They did not auk them to do anything new, but merely to carry into effect their own terms.—(Hear, hear.) Mr. TrroaxToN, on taking the Chair, said that although he was no party to calling the present meeting, yet in compliance with their unanimous wish he was : very happy to take the chair.—(Hear, hear.) He was quite sure that every gentleman he had the honour to address, would make up any deficiency on his part, by rendering him his best advice and assistance.—(Hear, hear.) Under these circumstances he ventured to accept the honour conferred upon him in calling him to the Chair. As to the justice of their cause, insisting on the Spanish Government complying with the terms of their contract entered into with them, there could ba no doubt. —( Hear, hear.) He was not going to defend the Spanish Government for not carrying the Passive Stock out as the Deferred Stock had been ; there could be no doubt they ought to have done it. Before he sat down, with the permission .of the meeting, he would read a correspondence that had taken place between himself and the Earl of Aberdeen, and also his Excellency Surra y Rull, the present Finance .Minister of Spain. He had called the attention of the Spanish Minister Surra y Rail more particularly to Active Stock, believing the situation in which Spain was placed would prevent her from dealing out a full measure of justice.—(Hear, hear.) He thought with respect to Passive Stock it ought not to have remained Passive to the present hour. He had also a letter from a friend of his, M. Zulueta, who was invited to attend the present meeting but who had declined to do so. That letter, with the permission of the meeting, would be presently read. He felt bound to say with respect to his Highness the Regent of Spain, he had the greatest expectations that he would do as much for them as the position of the country would warrant, or they could possibly expect. With respect to his Excellency Surra y Null, the Spanish Minister, he was a man of as great integrity as ever lived—(Hear, hear)—and from the correspondence he had had with him, lie was quite sure, that had it not been for the late insurrection in Spain, they would have had their ar rears of Active Bonds converted into 3 per cent. stock. Unfortunately, however, a great personage in France had supplied Don Carlos with the munitions of war ; and, further, when he wss driven out of Spain, what was done ? Why, a French army was placed on the Pyre nees tocover his retreat ; so also a French army was placed to enable persons on his behalf again to cross them. They were a eain driven out of Spain, and again there was a French army to cover their retreat into France. Had it not been for that great Personage in France—had it not been for th e c i v il w a r whi c h h a d been fomented there, they (the Bondholders) would have had their money in their pockets.—(Hear, hear). Better days were now dawning upon them; he had no hesitation in saying that he had the highest opinion of the honour and integrity of his Highness the Regent Espartero.— (Cheers.) The Ministers whom he had chosen showed that he understood what he was about.—(Hear, hear.) The correspondence w hich had taken place between him (the Chairman) and his Excellency Surra y Rail, and Lord Aberdeen. would be read ; and he would seize the opportunity of contradicting a report which had appeared in a Morning Journal—viz., that Lord Aberdeen had refused to receive their Chairman. That was . not true. The Earl of Aberdeen, when he (the Chairman) waited upon him respecting the Portuguese bonds, received him in the most courteous manner, and did him the honour to say that he should be happy to see him at all times and upon all occasions, either upon the claims of Bondholders upon the Portuguese or the Spanish Governments. Ile was most happy to contra dict the false report. His Lordship not only received him in the most flattering manner, but expressed his cheerfulness and alacrity —nay, his anxious wish, to as sist the unfortunate Bondholders. His friend would now read to them the letter, received that morning from M. Zulueta. It was as follows " 69, King William-street, Nov. 22, 1841. " Sir,— I have received a letter from Mr. S. Hadlow, requesting my presence at the meeting of Spanish Passive Bondholders, to be held thi; day, and, as your Secre tary has expressed a similar desire, I think it necessary to state the/ grounds upon which I consider it my duty not to attend. Having been called upon by the Spanish Government to advertise the conversion of the Coupons due on the Active Stock, I replied on the 3d of March last, at once declining to give that or any other public notice, without having in my possession a sufficient guarantee of its present, and a fair prospect of its future fulfilment. Whilst the advertisement which I was unfortunately led to issue, by reiterated orders from the Spanish Government, for the conversion of the Pas sive Stock remains a dead letter, and whilst my repeated remonstrances, as well on this matter as in that of the Treasury Bonds, continued to be disregarded, I stated that if the Government insisted upon their new project without coming to a satisfactory arrangement regarding their former promises, I must be understood to tender an irrevocable resignation. For, although I originally opposed both measures, and strongly remon strated against both, when once they became the law I could not help considering them as obligatory upon the Government. Until a few days ago Mr. Murietta, a gentleman whose well-known respectability does not re quire my testimony, had not accepted the appointmentvery recently made, and to him I have delivered the Commission. Under all these circumstances, my appearance at the meeting—wkilst it cannot forsvard the object of it— might be construed into an attempt to oppose the exist ing Government of Spain, and to embarrass their mea . sures—a position which I am so far from desiring to assume, that even the reasons for my resignation would never have bzen publicly known, if a partial extract from my own official despatch had not been published in all the newspapers, as is well known. " You are authorised to make such use or this letter as your own discretion may suggest. " I remain. Sir, your oedient servant, . " P. F. DE ZULUETA. " Richard Thornton, Esq., Chairman of the Committee of Spanish Bondholders." That was a letter which did great credit to the writer.— (Hear, hear.) He had Once unwittingly led them into a severe disappointment, and he did not feel warranted in putting them - in the same situation again; therefore he thought that the letter did great credit to his motives ; but still it w ou ld, p er h a ps, have been as well, had he given more credit to the character of his Excellency Stirra y hull. The letter, at least a translation of it, to him as their Chairman, would now be read. It was as follows : Translati,)a.— (Confidential.) " RICIIARD TIIORTON, ESQ., LONDON. "Madrid, 31st August, 1841. " Sir—By my last I offered to you to touch upon some interesting points of Spanish finance, and its intimate connection with and influence upon its debt. I haste to fulfil that promise, confirming anew the idea that the de claration which the Committee,. so worthily presided over by you, ,:nade at the meeting of the Gth instant, was duly considered by rue a testimonial of the confidence which the Spanish nation deserves of its creditors, and of the deference which the representatives of a class so worthy of attention vouchsafe to me. 66 I would wish to be nhle to convince you that it would not have been possible, without grave danger to the pub lic service, to assign more than 3 per cent. to the capi talization of the interests overdue ; and that it would have been an imprudence to go beyond that rate. Even to p ay it will, cost some . effort; but and the nation its Government are disposed to c ffe ct it at every cost, and as tong as I form a part of the Administration, I will s h ow that example that "In the meanpile u the retrenchments e ff ected will pro de duce their fruits in season ; public W ea l t h will follow the spontaneous impu ls e g iven to it' by peac e , and the epoch will arrive when the ' arnortization'* w ill absorb the portion of the debt in ex cess of the means appli ca b le to the burden.of its interests. "The first experiment of the sale of the ancient .con vects, payable in the Nev i Three per Cents., has b een most brilliant, and the quantityd of the same class' of pro perties remaining to be 501 is capable of absorbing an enormous capital. "The progressing state of the nation invites foreign capital. which will find the most safe and advantageous investment that can be offered. Foreigners who may every protection; with come to be proprietors, will meet be opened will and the new communications a bout to augment the value of landed propertyd already relieve from tithes. I make. this suggestion to you in case you your constituents is, above all things, de sirous of offering a d van t ages t o its creditors, granting to theM, at their o w n pl easure an d choice, what they may select amongs t t h e grea t mass o f pro p ert i es appropriated by the nation to pay they them ; and in order that may have a f u ll k now l e d ge o f sa id propert i es, o f t h e i r upset . prices and their price after sale, lam contriving _ mea sures for their announcement in the periodical press of that kingdom, which, I {latter myself will produce infi nite good, promoting the progress of `amortization,' and stimulating foreign creditors to establish themselves with estates in this country, where everything is still in embryo, and where the e ant of circulating capital retards the rapid progress of agriculture. commerce, and indus try. From this acknOwledged abstract arises the legiti mate consequence of its being indispensable to establish a good system of provineid. bankS, based upon the Scotch principles, an idea which forms an essential part of my economical scheme, and which I will seize the first opportunity to carry into practice, com bining its working with the administration and collection of the taxes. From your enlightened mind it cannot be concealed, that any plan of finance not embracing' as an essential basis the reduction of the debt by the sales of properties, will be incomplete and defective : for Spain, 4 •4}; Wllleitott`eitastanding its natural resources, cannot possibly, for some years, by its exports and imports alone, calcu lated at 500,000,000 of peals, procure for itself any con o, te ., ,,4_ f `----- siderable,Sum in hard . `= . l ,C.let,., loss of a:passive exchange in ca sh , augmented by the natural passine• it abroad, there "— "::'. 4 .,::•..with to ni:fet the interests ' X - would on its ebt. NI , hat ~~~~ The word means the abso a ment.--R. C. W. rption of b on d s rece ived in y N. .1 happen to England herself, if, constantly obliged to buy foreign grain, she should be necessitated to give in ex change for that article of first necessity, gold, and nothing but gold? The result is not to be doubtcd. The Batik would restrict its discounts and circulation ; the inte rest of money would rise in proportion ; the price of goods would be depressed in an inverse ratio to that of the funds; industry and commerce would be paralyzed, and society itself sacrificed to this forced order of things. To avoid these certain evils, I think, and intelligent poli tical economists think with me, that the salvation of the country depends upon the sale of her national properties, because its being certain that at present there are not wasted less by estimate than 300,600,000 realst, and it will fetch by sale three times the amount, namely, 10.800,000,000 t, (whilst paper ranges only at 30 per cent.), the greatest part of the consolidated debt may with certainty be absorbed by this mortgage, relieving the estimatesll of the corresponding interests. From this legitimate reduction will follow another benefit of great importance, it being obvious that when these properties are transferred to individuals, those will augment the number and value of the taxes, and of those who pay them. On the other hand, the administration being improved with respect to its personal and material expenses, and the taxes augmented in a direct ratio to the national prosperity, it is highly probable that the revenue will increase to 1,150,000,000 reals, which, sup posing the maintainance of our army proportioned to our wealth and population, will be sufficient to pay the inte rest on a debt corresponding to the rank which Spain ought to occupy amongst the nations which constitute the great European family. " These ideas, hastily expressed, appear to me to be sufficient to enable you to form an exact opinion of our present situation, of the future, which we look forward to, and of the safety of our engagements after. " I desire that this sincere and confidential explana tion may contribute to re-establish confidence as much as possible, and that you, taking upon you to be the inter preter of my sentiments towards your worthy consti tuents, assure them of the zeal and efficacy with which the Spanish Government is preparing to fulfil the promises made, trusting that Divine Providence will bless its efforts, which are directed to the welfare of the nation over which it rules. " I avail myself of this new opportunity to renew to you the sincerity of my sentiments of esteem. (signed) " PEDRO SURRA Y BULL." The letter of the Spanish Finance Minister having been read, The CHAIRMAN said that letter was dated 31st of August last, and it was evident that Surra y Rull con templated at that time carrying out the decree for the conversion of the 3 per cent. interest on the Active Bonds, and if it had not been for the unfortunate civil war he did not doubt but that they would now have had their dividends in their pocket. The character of Surra y Rull stood so high that he (the Chairman) was con vinced that his Excellency would never state that which he did not contemplate carrying into effect. But neither his Excellency Surra y Rull, nor his High ness the Regent, nor the Bondholders themselves, could contemplate the renewal of the civil war. War of every description was most disastrous, and a civil war more particularly so. The result of the renewal of the civil war in Spain had been most disastrous, not only as affect ing the Bondholders, but as affecting Spain itself. The country had been thrown back at least two or three years in consequence, but he hoped better days were dawning for them, and if the country were blessed with peace he had no doubt but that his Highness the Regent Espartero, and his Excellency Surra y Rull, the Finance Minister, would do every thing for them that it was in the power of the nation to do, and that her resources were sufficient to do them justice no one could dispute. He would propose that a letter, addressed by him (the Chairman) to Lord Aberdeen, should now be read. That letter contained the substance of the one he had addressed to Surra y Rull "My Lord—l take the liberty to submit to your Lordship copies of my letters of the 21st to his Excl lency Senor Don Pedro Surra y Rull, Minister of Fi nance of her Catholic Majesty, and to request that your Lordship will condescend to forward the originals (se parately addressed) to the care of her Majesty's Minister at Madrid. " During the Ministry of Lord Palmerston a corre spondence originated between me, as Chairman of the Committee of Spanish Bondholders, and his Excellency Senor Surra y Rull, which was conducted through the Foreign-office as the channel at once affording the greatest security, most courteous to his Excellency, and best calculated to keep the question between Spain and her creditors, and the progress of negotiations, conti nually before her Majesty's Government. " I cannot doubt that your Lordship will readily grant the same facilities uniformly accorded by Lord Palmer ston, and that your Lordship will be pleased to instruct her Majesty's Minister at Madrid to use his utmost exer tions in favour of the rightful claims of her Majesty's subjects the creditors of Spain. " In making this request, it is but fair to his High ness the Regent to admit that he has adopted a policy tending eminently to ameliorate the condition of Spain— that h has surrounded himself with just, honest, pa triotic, and enlightened Ministers, and that the actual Minister of Finance is zealously and energetieally carry ing forward every measure tending to develop the re sources of his country, diminish her expenses, and in crease her revenues, so as both to attend fully to all branches of the public service, and to the dividends due in the Foreign Department. " In consequence, the present Government of Spain enjoys the confidence of the Committee of which I have the honour to be Chairman, and of the Bondholders Igenerally, in a degree superior to any previous Govern ment, ever since Spain became their debtor. It is our firm opinion that our best interests are intimately con nected with the preservation of the present wise admi nistration of Spain, which has reduced the tariff and esta blished the most stringent rules and regulations against the introduction of goods by contraband. "I beg most respectfully to observe that while the Custom-houses of Spain along the coast and frontier are defrauded of their just dues, it is impossible that the Treasury can improve as it ought to do, or that a strong, beneficent Government can exist. Hence it becomes our deep interest that smuggling should be discouraged by every means within the compass of the power of her Majesty's forces abroad ; and as every honest ho nourable British merchant has the same interest, I hope that your Lordship will issue the instructions that may appear most conducive to the laudable end sought to be obtained by the Government of her Catholic Majesty. " If your Lordship will deign to name a day to re ceive me and a deputation, upon the subject of Spanish claims from the Committee, we will have the honour to wait upon your Lordship accordingly. " I have the honour to be, my Lord, " Your Lordship's obedient servant, (Signed) " R. THORNTON, " Chairman of the Committee• of the Holders of the Bonds of Spain. ":To the Most Noble the Earl of Aberdeen, her Majesty's Secretary of State for Foreign Affairs." The CHAIRMAN, although he had no hand in calling the present meeting, would take that opportunity of stating the steps which he had taken as Chairman of the Com inittee of holders ofSpanish Active Stock. He had felt that he could not separate the holders of Active Stock froni the holders of Passive and Deferred, that, in fact, they were to be considered together; and, on that ground, he would give the meeting an account of what he had done to forward the interests of all the Spanish Bondholders—(Cheers)— and he hoped they would approve of what he had done. As far as his humble services could be available, they should always command them ' • and he trusted th a t at no distant period they would have something like justice done to them. Surra y Rull was anxious to meet their claims as far as the situation of Spain would allow him. He expected that in the course of a few days a Commission would arrive in this country from Spain to carry out the plan for converting the dividends due on the Spanish Active Bonds. He should, had he been consulted on the subject, have proposed deferring the calling of this meeting for a few days, so as to postpone their assembling until after the arrival of the Commission. A BONDHOLDER wished to know what the plan was which the Spanish Government had proposed. Mr. TAsKER said the offer of the Spanish Govern ment, with regard to the Active Stock, had been before . the public for _some time. It was to convert the. whoh; interest of the Active Debt into a three per cent. debt at par.. Great efforts had been made to procure a five per cent. stock, but unfortunately they had not succeeded. A BONDHOLDER—I think it was a shuffling transac tion. The CHAIRMAN proposed that the resolutions be read, and they were read according as follows : " REEnSsOLUTIONS AT A _MEETING OF SPANISH BONDHOLD by the OF THE CLASS OF STOCK TERMED 'FOREIGN PASSIVE,'_ FIELD NOV. 22, 1841. 1836, providi p ass ',• , e llesolved,—That the holders of Spanish Foreign injury ii , Stock have sustained great disappointment and non-execution of the decree of Feb. 28, np• in ex,h the for the conversion into Active Bonds of one-sixthamount annually, upon the basis of s itearddoe • - anc.. e f s i ve ' f i fty peund. ,is, : or every one hundred pounds Pas- Messrs. _ . y_to the public notices to holders, Oct. 1, 1836, agreeably to the latter to bear interest from a Z n u d l u e c t o a ., and n d E s. E. Pa datera j a , jr . and ulj g i% i f v e e ss n rs b . y J. and - . 11 • j 15 ‘ 2 R 18 . 36. esolved, that this meoeftithif having confidence in, his Excellency the Regent F.xeellency the the upri g ht administration Of Spam, and in the honour of Mi nister of Finance, Senor Don Pedros S t ra y Rull, consider that in order to obtain redress,e.i iis on E ly re quire fairly to represent their case through lency to the justice of the Spanish Govern Icel.. " 3. Resolved—That the Chairman is requested ad dress the memorial now read to his Highness the Re gent of Spain, requesting his attention to the Bth e a 9th articles of the Decree of Conversion of the 16th N nd vernber, 1834, as affecting the Foreign Passive Bonrs to the solemn engagement on the face of the Bonds, tO , the two public notices above referred to, and to these resolutions, of which a copy is to be sent to his Excellency. "4. Resolved—That the Chair.nan is requested to trans a copy of these resolutions to the Right Hon. the Earl of Aberdeen ; also a copy of the memorial to hi s Highness the Regent of Spain ; and to write to his Lord. ship, begging that instructions may be sent to her Ma jesty's Minister at Madrid, to press on the Spanish Go vernment the long-neglected claims of her Majesty's subjects, the holders of Spanish Passive Bonds." The CHAIRMAN begged to ask, before he put the reso lutions, whether any gentlemen present wished to make any remark upon them ? Mr. TOMLINSON thought that Mr. Ricardo, the con tractor of these Bonds, ought to have been solicited to attend the meeting—the man who had brought out those Bonds, and had made a fortune by them.—(Hear.) These who had given th ese secur i t i es oug ht t o be rea dy, with the Chairman, to aid and assist the unfortunate Bond- fi 38,250,000/. # 84,7150,0001. II The Minister here means the annual budget would be re lieved from the interest of the debt so cancelled. THE SUN, LONDON. TUESDAY, NO 23 1841. holders. He thought that Mr. Ricardo and the other contractors, and their agents, had inflicted a very - great injury on the Bondholders ; they had taken eighty ppr cent. fro :n th.. capital of every gentleman present. --(Hear, hear.) They had represented their case to Lord Palmerston, and had been received by him most kindly ; but although his Lordship had done all he could for them, it was not his official business. They ought to have gone to the Legislature, and made the matter public, and then perhaps these great contractors and their agents would have been found out, and the shuffling course which they had pursued would have been exposed. No one could tell what correspondence had passed between these parties and the Ministers of Spain.—(Hear, hear.) Under these circumstances, let a meeting be called of Spanish and Portuguese Bond holders, and let a petition be addressed to the Legisla ture on the subject. He had no doubt that they would have a strong majority in the Legislature. Mr. HADLOW said that Mr. Ricardo had been solicited to attend the meeting, and that a copy of the memorial had been left at his office last Friday. Possibly he might have been out of town, and it had not reached him. Mr. TOMLINSON said it was very strange that after a person had given them a list, and told them that they had 1001. a year, and then it turned out that they had but 301., no explanation could be offered. Bales of goods to the amount of 50 millions had fallen 50 per cent.— (Hear, hear.) Yet they were left to str ugg l e w ith L or d Aberdeen as they had done with Lord Palmerston, and he was sure that if they addressed him fifty times he would not be able to render them any effectual assistance. Tie was not officially bound to assist them. The only course opeil to them was to call a meeting to petition the Legis lature on this subject; it was useless to appeal to Lord Aberdeen. The Csainmax fully concurred in what had fallen from Mr. Tomlinson. If he had been a contractor for the loan, he would have considered it an imperative duty to attend and assist the Bondolders. He bad ex pected that Mr. Ricardo would have taken the chair, and have endeavoured to assist them in the dilemma in which they were placed.—(Hear, hear.) He could not, however, compel Mr. Ricardo's attendance, and having been solicited to take the chair, he had done it with the greatest pleasure.—(Hear, hear, and cheers.) He fully concurred in the object of the meeting, but if it had been left to him, as the Commissioners were now on their way, he would have recommended that the meeting should be postponed for, a few days, because they might then have gone into the matter more in detail. But he had no choice when the meeting was announced. He had felt himself in honour bound to lay before the meeting his correspondence with his Ex cellency the Minister of Finance, and With the Earl of Aberdeen.—(Hear, hear.) As far as his services could avail them, they might call upon him at any time.— (Cheers.) The next step which he should take, as Chair man of that meeting, was to submit for approval the memorial which he held in his hand. The following memorial was then submitted to the meeting : " TO HIS HIGHNESS THE REGENT OF SPAIN. " This Memorial of the Spanish Passive Bondholders, Dead, to at a publi c mee ti ng , h e ld at t h e Ki ng ' s Head, Poultry, London, on Monday, November 22, 1841, Richard Thornton, Esq., in the Chair. " Showeth,--That this meeting is profoundly im pressed with the high and honourable sentiments and actions of your Highness, and feels encouraged by them to approach your Highness, for the purpose of making known how, much we, as holders of Spanish Passive Bonds, have been the victims of injustice and oppression by former Spanish Governments, with the hope of ob taining, through your Highness, the fulfilment of those solemn engagements and pledges made by the Spanish Government to the holders of Spanish Passive Bonds, but which have been uniformly violated, whilst similar engagements with another class of Spanish Bondholders have been uniformly kept and fulfilled. In the year 1834 the Government of Spain declared itself unable to pay ,the interest on its Five per Cent. Stock, and de termined to reduce one-third of its capital into a Passive Stock, and to give a Deferred Stock for the in terest then due, engaging, at the same time, that the Deferred Stock should become Active, in the space of twelve years, from January 1, 1838, by an annual draw ing of one-twelfth into Active Stock; this engagement has been faithfully kept. By the same law (viz., Novem ber 16, 1834) and the same article of it (i. e., 16) it was declared that ulterior proceedings shall be adopted for the redemption and repayment of Passive Bonds. One of these ulterior measures was the operation of a sinking fund of one-half per cent. upon the Active Stock, to be replaced annually by Passive Stock, but the Spanish Go vernment has not been able to continue the sinking fund in operation, on account of the expense of the civil war, so that the holders of Passive Stock lost this advantage; the second and most important " ulterior measure" was the law of January 16, 1836, and the royal decree, dated 28th February, 1836, to carry that law into effect, wherein it was decreed that the debt without interest (viz., the Passive) should be consolidated in six years, beginning from that year, viz., 1836, at the rate of fifty pounds Active Stock, with interest from Ist October, 1836, for each one hundred pounds Passive Stock which should be drama, in which ever of the six years, should be to the holders most convenient to send them in. By the Bth article, the Government reserved to itself the right of increasing the quantity to be annually drawn froth one-sixth to a larger amount, and so reduce the number of drawings. The 9th article de clares no delay shall take place, and article 17 declares the sum is designated for the consolidation of the present year; i. e., 1830. To carry this law and decree into effect, on the 15th of July, 1836, Messrs. Zulueta and Pareja, Spanish Commissioners made the following announce ment in the London Journals : " London, July 15, 1836. " Conversion of the Spanish Foreign Passive Debt. —The Commissioners appointed by the Spanish Go vernment for the Commission of' the foreign debt of Spain, having received orders from Madrid for carrying into effect the decree of the 28th February last, relative to the Foreign Passive Debt, beg to inform the holders of this stock that they have given instructions to Messrs. Ardoin and Co., in Par:9, and Messrs. J. and S. Ricardo and Co., in London, to take measures for putting into im mediate execution the provisions of the above• mentioned decree. As the decree provides for the conversion of one-sixth of the Foreign Pas sive Debt annually, should the applications exceed this amount the lists will be transmitted to Madrid, and the numbers entitled to the privilege be determined by lot. The Bonds will be converted into Active Stock on the same terms as those granted to the holders of the Interior Passive Debt ; for every one hundred pounds stock twenty-five p oun d s money in Bonds, at the price of fifty, will be given, bearing interest from the Ist Oc tober next, payable at Madrid only. Thus the holder of Passive Stock, who may obtain the benefit of the con version, will receive in exchange half the amount of his Bonds in Active Stock. Upon the arrival of the result of the drawing it will be immediately announced to the public, and the exchange will take place so soon as the new Bonds shall be transmitted from Madrid. (Signed) P. J. DE ZULUETA, ' E. PA REJA.' "London, July 15, 1836. " And on the same day Messrs. I. and S. Ricardo, of London, gave the following Notice : " Angel-court, July 15, 1836. " ' Conversion of the Spanish Foreig n Passive Debt. —Messrs. J. a nd S. Ri car d o an d Co., being authorised by the Spanish Commissioners to carry into execution the decree of the 28th of February last, beg to apprise the holders of Spanish Passive Stock, that they are pre pared to receive applications for the Conversion of these Bonds, agreeably to the conditions of that decree.—All parties desirous of converting their Bonds must send to Messrs. J. and S. Ricardo and Co. lists of the numbers in duplicate, according to a printed form, which may be had at their office, on or before the 15th of August next, after which period no further applications will be received.' " " Printed. forms were obtained by those holders who were desirous of having their Stock exchanged by the first drawing, which was fixed for the month of June, 1836, to be continued each year in the same month; but most extraordinary as it may appear, no answer has ever been given by the-Spanish Government to our applica tions, for the result of the first drawing, and the law, the decree, and the official notices, appear to us to have been rather designed to sport with our misfortune in having lent our money to the Spanish Government, and our poverty and misery in consequence, than to afford us the amelioration we had a right to expect. The Spanish Government has fulfilled all its engagements with the holders of Deferred Spanish Stock, by drawing it an nually at the rate of 100 Active for 100 Deferred Stock, while not one single drawing has taken place in Passive Stock, though at the rate of 50 Active for 100 Passive. Your memorialists beg leave, therefore, to submit to your Highness as their just right (the whole of the six years for drawing Passive Stock having expired) that they may be permitted in the approaching consolidation of the interest on Active Stock to present their Passive Stock for consolidation, each 100 Passive Stock to represent 50 Active, with five years' interest on the 501. up to Oct. Ist, 1841. These terms, and these only, can repair the injury we have sustained by the gross partiality and bad faith of' former Spanish Governments, and re-assure us of the honour and upright intentions of the Spanish Go vernment towards its suffering creditors." Mr. WYLLIE wished to observe that he thought Mr. Ricardo had been. alluded to in terms of too great severity. • He (Mr. Wyllie) thought that no contractor had a right to attend a public meeting for the purpose of answering questions, without previou s ly consu lting those whom he represented. It was a rule in commercial transactions that an agent could not give any i n f orma tion as regarded the affairs of his princip a l w ith ou t his knowledge and permission. Now Mr. Ricardo might have absented himself from their proceedings from a desire to act upon that principle ; and it was not right to visit any party with censure beyond what they deserved. Mr. Tomlinson disapproved of an address to Lord Aberdeen, and recommended an appeal on the part of the Bondholders to Parliament. Now he (Mr Wyllie) should like to ask Mr. Tomlinson what good could arise from an appeal to Parliament? They were not in a position to make such nn appeal—they had no case which could justify them in taking such a step. There was now at least an honourable Government in Spain—(Hear, h ear )— an d any person who wou ld ta k e the tr ou bl e of carefully reading over and weighing and digesting the frank and honourable letter of his I4eel • lency Surra y Bull, would be convinced that . the intention s of the Spanish Government were Just and honest as regarded the Bondholders. He believed he would be further borne out by the Chairman of the Treasury Bonds, in stating that he had received the most satisfactory reply to his application on the part of the Treasury Bondholders. He was of opinion that the holders of Passive Bonds had now no other course to pursue than to pass the resolutions, which as he (Mr. W i yllie)l und erstood them, were merely declaratory of the original decree, and of the right of the Passive Bondholders to receive all the attention on the part of the Spanish Government that was compatible with the exigencies of their' Treasury. Before he con eluded his observations upon the subject of the Spanish Government, he would beg to state his belief that no other Government in Europe could have effected so many important reform s , and diaeharg.d wore holm, aLly the duties imposed upon them, than the Government of which Espartero was at the head.—(Hear.) That was not the first occasion upon which he (Mr. Wyllie) had found himself called upon, in consequence of his know ledge of Spanish character, and his former resi dence in Spain, to raise his voice at a pub lic meeting in defence of the honour of Spa niards individually. He believed the character of the people was not rightly understood, and he was per suaded that the conduct of the Government of Es partero was not only calculated to elicit the warm approval of their friends, but he was sorry to be obliged to add the jealousy of their French neighbours. He was exceedingly sorry to find that there was reason to believe that, notwithstanding the high character of the King of the French, his Ma jesty had countenanced a course of proceeding in Spain calculated to disorganise that country, and to retard its social progress. He felt strongly that nothing emanating from that meeting should be thought capable of conveying any censure of the existing Spanish Government ; and he thought that the policy of the Bondholders was to give that Government the weight of their moral support— ( Hear, hear.) The two memorials were merely to be signed for the purpose of keeping up the chain of official correspondence ; and it was not to be supposed that they were forwarded to Lord Aberdeen from any doubt that the Spanish Government meant, to the utmost of its power, to act honourably towards them.—(Hear.) Mr. Tommrsom was quite surprised at the statement that had been made, 'that Mr. Ricardo was not responsible for the act of his principal. He denied such a proposition; he asserted as a com mercial man that he was responsible, and must know full well the whole effect of the contract entered into with Spain.—(Hear, hear.) It was then said by the worthy gentleman to the right of the chair, that they were not in a situation to go to the Legis lature. Good God, had they not waited for eighteen years, in the hopes of having a return for the money, and had not 200,000 British subjects either being confined in lunatic asylums, or died in the greatest penury through that?—(Hear, hear, hear.) Under these circumstances, he thought his friend to the right of the Chairman was wrong in say ing that they were not in a condition to go to Parlia ment.—(Hear.) He felt convinced; if they went to the Legislature, the contractor and his agent would be Ashamed of what they 'had done. He thought, how ever, if they did not make the matter public by bringing it before the House of Commons, it would be impossible for them to do any good.—(Hear, hear.) He thought not only the Spanish but the Portuguese Bond holder ought to petition the Legislature, and there would then be a • strong handle for the Secre tary of State ; at present all he could do was to write a recommendation, which, probably, would never be attended to. He thought, if what he Lad suggested was carried into effect, Mr. Ricardo and others would attend their meetings.—(llear, hear.) All he could say upon that was, that if they did Rot, they would not act as honourable men. Mr. WYLLIE wished to say one word in reply. He did not mean to dispute the immense injury which had been inflicted upon the Bondholders by the delays upon the part "of the Governments of Portugal and Spain in former times—they had all felt that, and had all suffered—but now, when they had got a Government in Spain desirous to do justice, he thought it was but fair that they should have a fair trial. He did not see how an appeal to our Legislature could benefit them in any way; and an appeal to it, and . a refusal on their part to take up the question, would much damage the position of the Bondholders. They had now got an honest Government in Spain ; it was then only fair and politic that they should be afforded time to do jus tice. Let them pass the resolutions, and not let their feelings carry them beyond the objects of the meeting. Mr. TomuNsoN entirely agreed that the present Go vernment of Spain was the most honest they had had to deal with, and he was disposed to give them a fair trial, but that would be done within the next three months, and if in that time justice was not done them, he would most strongly advise an appeal to our Legislature. Mr. TASKER having taken an active part since the formation of the Committee, in which he had had the honour of working with Mr. Tomlinson, would appeal to him to say whether during the last thirteen' or fourteen years, they had not sent petitions and memorials one after another, and had written at least a dozen letters, yet not one answer had they ever got. But since the accession of the present Mi nister of Finance there had not been a single application made but had met with an immediate and almost satisfactory answer.—(Cheers.) It was under these circumstances he congratulated the meeting on their being able to bring their case before a Minister who would pay the utmost attention to their claims. Having such a Minister to go to would render it unnecessary for them to appeal to our own Legislature. The CHAIRMAN said , that, before he put the resolu tions which had been read, together with the memorial, he begged to make a few observations. He had stated before that the long continuance of civil war in Spain had exhausted the resources of that country, and he was convinced that it was that alone which was the cause of the dividends being in arrear. With respect to a neighbouring country, which owed him upwards of 900,0001., he saw many Portuguese Bondholders present, and he need not tell them, but he would tell tho s e p ar ti es w h o were not Bondholders, that the crown of Portugal was hypotheticated to the Bondholders, and strange as it might appear, the revenue of that king dom was taken, not to pay their (the Bond holders') dividends, but to pay the dividends on the local stock. There was now 17} per cent. due in arrear on the Portuguese Bonds. He (the Chairman) was a creditor to the amount of nine hundred thousand pounds. The only satisfaction he had was, that he could do without it, and that while Portugal had stopped pay ment, Richard Thornton had not.—(Laughter and cheers.) He wished to draw their attention to Spain, who had not served them as Portugal had done. She told them she would pay them equally with the local stockholders.; and could they in fairness ask more ? They had every confidence in the present Ministry of Spain. Let , them tell the Spanish Government that they had confidence in them, or their Chairman had, and if 'they disappointed their hopes he would hold up his hand with his friend Tomlinson, and say, they might put him first in their ranks to go the Legislature. But he implored them to agree to the resolutions and the memorial. Perhaps the memorial would be better with a little alteration. He had not read it till he had come into the room ; but those trifling alterations he left to the Committee. Still he hoped that they would agree to those resolutions and the memorial, and show to the Spanish Government that they had confidence in them. The resolutions and the memorial were then put and agreed to. Mr. T. THORNTON rose to propose a vote of thanks to Mr. Zulueta, and moved the following resolution : " That the letter of M. Zuluet a i s o f much importance, inasmuch as it clearly shows that the nonexecution, by previous Governments of Spain, of the laws and decrees appertaining to Spanish Passive Stock, is the primary cause of his resigning the important post of Commis sioner for Spain ; and hence the holders of Passive Stock have, as far as M. Zulueta is concerned, reason to be thankful to that gentleman for the stand he has made ; and this meeting is of opinion, as long ,as the claims of the Passive Bondholders are neglected, a blot will re main on Spanish credit, which nothing but a strict ob servance and performance of the obligations due from the Spanish Government to this clasS of creditors can wash out." Mr. WYLLIE concurred in . the view of the iiono rary Secretary relative to the honout able conduct and good intentions of M. Zulueta. At the same time that he agreed in the spirit, of the resolu tion, he thought it better to modify it. He could not but regret the tone selected by M. Zulueta for his resignation, at a time when Spain had an honest man for her Minister of Finance, because it might imply distrust of the Spanish Government. His objec tion was to that part of the resolution which related to that transaction. He fully approved of the reso lution, as far as it went, to convey their thanks to him for the information he had so readily furnished upon all occasions. But it certainly would be politic to avoid the question at issue between M. Zulueta and the Spanish Government. He would, therefore. express his wish that the resolution should be modified in conformity with the suggestion he had offered. He then moved that the resolution proposed by the Secretary should be amended as follows:—" That the thanks of this meeting be given to M. Zulueta for his frank communication of this day, and also fur his former communications." The CHAIItMA.N said th a t if the meeting s h ou ld b e pleased to pass the resolution as amended by INlr.Wyllie, he would write to M. Zulueta, thanking him for the communication, stating that it had met the appro bation of th e meeting, which returned him its thanks. He th oug h t that would be the better plan. The letter m an if ested a feeling highly honourable to M. Zulueta, as h e refused to underta k e any further arrangements for the Spanish Government until those arrangements entered into by former Governments should be religiously and faithfully carried out. The resolution, as amended by Mr. Wyllie, was then put and marled unanimously. Mr. WYLLIE would propose to the meeting another re solution, which he thought was necessary, in order to show that whatever might transpire as to their proceed ings of this day, it was far from their intention to offer any offence to the present Government of Spain, in which they had the greatest confidence. The resolution he should propose was, " That there was nothing in the contents, either of the resolutions or the memorial agreed to at the present meeting, intended to cast the slightest censure on, or manifest the least dis trust of, the present Administration of Spain."— (Cheers.) There was also another resolution which he had to pro routine. It ought to b e understood that, according to Pose, rel a ti ng to a po i nt o f o fficial official etiquette, the Committee could not address the memorial directly to his Highness the Regent. It ought to be communicated t o his Highness through his Minis ter of Finance, and it was necessary that a resolution should be passed, ordering the memorial to be trans mitted to his Highness in the proper manner, and through the regular channel. As Regent of Spain, he occupied the same situation with respect to his Mi nistry and to his nation that the Queen occupied in this country. He would, therefore, propose that the Chair man be requested to address a letter to his Excellency Don Pedro Surra y Hull, the Spanish Minister of Finance, thanking his Excellency for his exer tions on behalf of the Bondholders and pray ing him to elevate the memorial to the attention of his Highness the Regent. He used the word elevate because it was the Spanish phrase usually used on occa sions when communications were transmitted from an inferior to a superior. Mr. TOMLINSON suggested that it might be more ad- viseable to transmit the memorial through the Spanish Ambassador. Mr. WYLLIE thought that very shortly a change wonid take place at the Spanish Embassy. Indeed he believed that Senha Sancho, a liberal-minded man, and one who in former Parliaments had, long before Surra y Rull had become Minister, stood up with him to advocate the claims of the foreign Bondhold ers, had been already appointed to the Embassy in London. On his arrival it would be proper to enter into communication with him on the subject, but in the interim, as they had already had several communications with the Finance Minister on the subject, it would be better to continue to communicate with the Spanish Go vernment through the same channel. Mr. HADLOW suggested that a copy of the resolutions and the memorial should be sent to the Spanish Embassy, and another be transmitted to the Finance Minister, so that if one should miscarry, the other might reach its destination. The resolutions were then put and carried unanimously. Mr. WYLLIE said there was one thing which ought to be mentioned arising from the letter of M. Zulueta. M. Zulueta had stated the ground of his having given up his situation as Spanish Com missioner, and resigned• the trust into the hands of M. Murietta. Now, he might mention, as one who knew the standing of that highly respectable Spanish house, that M. Murietta was a partner in the firm of Messrs. Solarte and Murietta, of No. 8, Old Jewry. Both partners were highly respectable and honourable men, and personally acquainted with Espartero and with the Spanish Prime Minister. They were men of capital and character, and although it was not possible anywhere to select a man of more rectitude and honour than M. Zulueta, yet M. Murietta was not inferior to him in those honourable qualities : and he possessed such in fluence amongst Spaniards and others, that if he exerted himself in the way he ought to do, and would do, he considered M. Murietta as able, by putting his shoulder spiritedly to the wheel, to give a very great impulse in deed to Spanish credit, and to hasten the day, Which he hoped was not very distant, when the Spanish Active Bonds would deserve their active character, and when the holders of them would receive their full dividends. He was quite certain that any gentleman who would read carefully the Third Report of the Committee, and enter into the figures, a great many of them given officially by the Spanish Committees of Estimates themselves would feel with him, that if the present Government were properly supported, the clay was not far distant when Spain would be in a position to pay the dividend upon her whole debt.—(Cheers.) The CHAIRMAN said he believed the business of the meeting was now brought to a close. Mr. TASKER proposed that. the thanks of the meeting sbould be given to the Chairman, for his efforts to forward the interests of the Bondholders, and for his conduct in the Chair. Mr. WYLLIE seconded the motion, which was then put and carried unanimously. The CHAIRMAN begged ,to return his most cordial thanks for the honour which had been conferred upon him. He thought better prospects were dawning upon Spanish affairs, and he sincerely hoped that they would be rewarded for the pains which they bad taken. They had done nothing more than call upon a nation to fulfil religious obligations ; and he was quite sure that if they knew their own interests they would not he sitate for a moment to do justice to the Bondholders. If his services could be available upon any occasion, they should always be at the disposal of the Gentlemen present.—(Cheers.) The meeting then separated. We were informed by Mr. Tasker that a very lengthy correspondence had recently taken place between him (Mr. Tasker) and the Spanish Minister, Surra y Rull, which was highly interesting to the holders of Spanish Bonds, and which can be inspected at the office of Mr. Thornton, 9, Old Swan Wharf, London-bridge. SPIRIT of the PUBLIC JOURNALS. FROM THE EVENING PAPERS OF YESTERDAY. GLOBE. —There are times at which the shout arises (in the phrase of the proverb)— " The cow hath run adry ; let us go milk the bull." These are times of disappointed popular expectations—of discredited philosophical prin ciples. A disposition arises to impute exist ing evils to remedies which have never been tried, or at least, to impute impo tence to them, because they have proved barren of practice. The popular mind then vacillates between old-fashioned opiates, and the heroic prescriptions of quacks. What, by common con sent, is thrown overboard is sober science and common sense. The Laissez faire doctrines of Turgot and Adam Smith are suffering this dis credit. In France and England the political eco nomy founded in the last century is undergoing incessant attacks, partly from those who would restore what it exploded, and partly from those who say they would not do that, and do not say what they would do. They are looking out for a milch bull, and in the meanwhile clamour at the cow's dryness. They may too rashly presume on the lacteal temper of the desired taurine substitute: and we shall not be surprised if they bring the 'bull at last into the china-shop. For our part, we say—get the cow out of the pound —give her plenty of fodder—and then let us see. The question ofLaissezfaire, or Not Laissez faire, is one which cannot b e answered by any general formula of intervention or non-intervention. Laissez faire, either to the few or the many, may be leave to do mischief. The phrase, how ever, is as good as another to express the very real distinction between those two classes of social speculators, one of whom regard individual liberty of action and competition as the most essential condition of future as it has been of past im provements, and the removal of unnecessary re strictions on that agency as the first remedy to be applied to the evils of our actual situa tion—the other of whom regard isolated action and unrestrained competition as a main source of social evils, and an anarchy calling for some new guidance. For ou r own part we are convinced - that neither good governance nor free action can be well. dispensed with; but we value the former as opening the widest range for the latter. The Laissez faire prin ciple, as it is held by its rational advocates, does not mean—Let some do that which shall hinder others from freedom in their doings. Land owners make laws which aim to concentrate the possession of landed property ; to withdraw it from the natural alterations of time and commerce—to keep it in few and idle hands; and give it an artificial value. STA N DA RD..—The Opposition Journals make the most of the unfavourable prospects of the winter. This was to be expected, after the exhi bition of eager satisfaction with which every menacing appearance of the. weather was wel comed during the summer and autumn. What ever use our antagonists may make ofsuch a visita tation as is so joyfully anticipated, it is ourduty not to allow their conduct to divert us from the right path. We must meet the calamity, if it come, with prudence and Christian humanity. As an argument, however, against any system of per manent legislation, such a calamity is good for nothing —worse than good for nothing in the' case of laws which cause a greater amount of food to be grown, not only in our own island, but upon the whole produce of Europe, than otherwise would be grown. The effect of such a law can only be to mitigate the ill effect of a bad harvest. We are told in a trium phant antithesis that the Corn-laws make food dearer and labour cheaper. This is true occa sionally, but it is the reverse of true on the ave rage of years; and it never was further from truth than at present. The Corn-laws temper the prices of food and of labour, and, like all modi fications of temperance, they ensure a progres sive improvement, by restraining occasional ex cesses, always followed by more than corres ponding fhilure. When we speak of a law, we speak of something of permanent and constant operation, and we must judge of its wisdom or not by casualties, but by the tenor of its usual results. Now, the results of the Corn laws have undoubtedly been to lower the prices of food, and to raise the scale of wages, nieasuring'the rate of wages by the scale which the means of subsistence afford. Accordingly we have seen that commerce, agriculture, and popu lation have made an unexampled adVance under the more than 25 years of their operation. The accidental inconvenience, arising from a particular visitation, which is not, and cannot be, the effect Of those laws—which is the effect of causes above human control —we repeat it, proves nothing. As well tell us, that the British Constitution is an evil, because it does not afford a perfect bar rier against national afflictions and the crimes of individuals. MONEY MARKET and CITY NEWS, FROM THE MORNING PAPERS OF YESTERDAY. HERALD.—,The failures of several mercantile firms of consideration abroad were announced to day. Two of these are Spanish houses, one of them established in Cadiz, and the losses result ing will, it is understood, fall heavy on some es tablishments in this City, more especially on one which is largely concerned in the Spanish and Spanish American trade, but well able, however, to bear up against much more considerable com promises. An East India house of agency was reported also as being in embarrassments, but the concern is of inconsiderable note. The event, howeverovhich excited the most surprise was the reported failure of one of the largest establish. ments in the metropolis in the retail haberdashery and linendrapery line. The grand Exchequer bill fraud might still have been carried •on for years perhaps, before final explosion, but for those monetary derange ments which rendered it every day more difficult to obtain advances of money on deposit of bills, excepting on conditions so usurious as could not fail to excite misgivings that the security de posited w as not come by legitimately. Hence detection of the existence of duplicate numbers of bills by an astute banker applied to for ad vances of money on his own terms, whatever those might be, which arousing his suspicions led to those examinations and collations of bills by himselfand others which resulted in verifica tion of the fact suspc. , rted. GIi.ROMCLE.—A transaction has been com municated to us to-day which serves to show in a very strong light the distrust with which Ex chequer bills are now looked to in the Mone3r Market. An influential broker sold a consider able amount of these securities the other day, and no sooner had he done so than he made it known that he wished to lend the money. The same party who bought the Exchequer bills came tbrward to offer for it : on which the party who had sold the Exchequer bills, said he had no objection to lend him the money, but it must be on other security than Ex chequer bills. It has been very generally stated that Smith will be received as an approver, or Queen's evidence; but whether the report be true or not has not yet been confirmed. If such a course be necessary to expiscate truth and to punish the guilty, so as - to trace out the whole parties implicated, the step may be proper, as necessary to the ends ofjustice ; but if it have been gone into merely to ensure a conviction, and not to bring home punishment to the prin cipal authors of the crime, he policy may well be questioned. Several failures are announced to-day. One of them, an extensive Italian house in the silk trade, whose drafts have been accepted to a considerable amount in the City. Another Spanish firm of some importance at Xeres, is said also to have suspended payments, and there is a report of a large brewing establishment nearer home. TIMES.—A private letter from New York, after making some observations on the maritime relations between this country and the United States, points to the purchase of Cuba by Eng land as likely to prove an advantageous measure. The United States, it is admitted, might at first feel some indignation at the transaction, but it is observed that we have just as much right to pur chase the island as President Jefferson had to purchase Louisiana—as much right to buy a controul over the trade of the Gulf of Mexico as the United States had to buy the Gulf itself. Such an acquisition would, it is remarked, be the very best security for the regular pay ment of dividends on American State bonds, and also prove, a firm bond of peace between the United States and ourselves, as the greater part of the American exports would be com pletely within our power. As to the practica bility of the purchase, we are reminded that Spain is a debtor to this country, and that the revenues of the island are such as to prevent its being an incumbrance. The people of Cuba themselves object to the importa tion of fresh slaves, and as to the pre sent slaves, it is suggested that a prospec tive emancipation might get rid of every diffi culty. The change of rulers does not seem to be thought a very great obstacle, since it is re marked that if the people can submit to a Spanish Council and Governor, they can submit to anything. There is no doubt, from the general tone of the letter in question, that obstacles are treated as lightly as possible, and perhaps too lightly, but still, considering the value of Cuba and its geographical position, the subject is worth consideration. LLOYDS' SHIPPING. LONDON, Nov. 22.—Wind variable, from S. and W. SHEERNESS, Nov. 20.—The Constante Margueretta, from Porsgruna to Jersey, put in here yesterday leaky, and with damage. DEAL, Nov. 20.—Wind S.W. strong. 21st, S.W. strong.—Arrd. Jenny, Barwick, Cuba; Essequibo, La mont, Antigua; James Herris, Quebec; Patriot, west ward; Mid-Lothian, Morison, Singapore. RAMSGATE, Nov. 20.—Arrd. Delight, Stockton for Marseilles, with loss of bulwarks, sails, &c., strained and leak v. PORTSMOUTH, Nov. 21.—Wind S.S.W. to W., strong and squally.—Arrd. Rachel, Leghorn, with loss of sails, cook-house, &c.; Caledonia, Gottenburg, for the Cape ; Henry Tanner and Camilla, London, for Jamaica. Put back Imaum of Muscat, for Ceylon. The Facility, from Liverpool to Gravesend, ran ashore last night on the Sand Head, but was assisted off to-day by the Sprightly (re venue cutter), and brought into the harbour. The George, Buridge, came into the harbour this morning, and is laid on the east mud. LIVERPOOL, Nov. 21.—Wind S.E.—Arrd. Zuna, Paraiba • Queen Victoria, New O r l eans ; H us ki sson, Lucas, Bonny, sailed 4th August ; Mastery, Tobasco ; Voyager, Ocean, and Enterprize, Quebec. Sailed Amelia, Havanna ; Francis, Savannah ; General Wiltshire, New York ; Sarah Fleming, Africa ; Wave, Bombay. The Nancy, bound to Oporto, has put back leaky. Arrd. off one ship, one barque, and five schooners. MARGATE, Nov. 21.—Arrd. off, Jenny Jones, Wake• ham, Taganrog. The Caroline, from Quebec to Lon don, got on shore on the Woolpack Sand yesterday, but was assisted off and proceeded. COWES, Nov. 20.—Arrd. Amos Scott, London, for Cape; Rawlins, ditto, for Jamaica ; Scourfield, ditto for Trinidad, and proceeded to the Motherbank. Comet, Leghorn, with cargo shifted, and pumps choked, bound to London. Hiram, Copenhagen, for China. POOLE, Nov. 20.—Arrd. Eden, Newcastle, with rudder damaged, after being on shore on Gros Bank. PLYMOUTH, Nov. 21.—Wind S.W.—Arrd. Welling ton, Newport, for Charlest on , l ea k y ; F orrester, H u l l, for Smyrna, with loss of fore topmast. It has blown a gale at S.W. since the evening of the 19th, and con tinues. The Libertas, from Shields to Constan. nople, has brought in the crew of a small vessel, which she ran down off the Hart on the 19th inst. DOVER, Nov. 21.—The Atlas, from Honflr - r to Shields, sprung a leak off Fecamp, on the 17th instant, and was abandoned 18th in a sinking state—crew saved. WIVENHOE, Nov. 20.—The Prosper, from Newcastle to Libourne, was totally wrecked on the Burrows yes terday—crew saved. Arrd. British Queen, Tilley,Quebec. FALMOUTH, Nov. 20.—Wind W.S.W. to W., strong gales and violent squalls.—Arrd. Pera, from Smyrna to St. Petersburgh, with loss of bulwarks, sails, &c. ; Due Sorelli, Ancona, with loss of bulwarks, &c. ; In ian, London, for Van I)ieman's Land ; Morgan, Newcastle, for Marseilles, with mainmast sprunw • Montrose steamer, Gibraltar—left 11th in s t., C a d iz 12 6 :Lisbon 15, Oporto 16; Vigo, 17; her Majesty's ship Illustrious, Ports mouth, Halifax. FOWEY, Nov. 19.—Arrd. the Eliza Ann, London, for Trinidad, with loss of anchors and cables, and other damage,having been in contact with a ship in the Downs. TORBAY, Nov. 19.—Arrd. the Jamaica, London, for Antigua; Thetis. Shields, Barcelona, with loss of boom, foresail, &c., and foretopthast sprung. DARTMOUTH, Nov. 20.—1 t has blown a tremendous gale these two days from S.W. to W. and N.W. The Mountaineer, bound to New Orleans, and Neptunus, from Schien, are riding with two anchors ahead. JERSEY, Nov. 17.—S1d. Unity, Gibraltar ; Charles, Teneriffe. VESSELS SPOKEN WlTat.—Wotten, of Brixham, for Palermo, 17th ult., lat. 36, lon. 11 ; Ann, fin. Constan tinople, 3d inst., lat. 35, lon. 4, by the Alice, arrived in the River. A barque, No. 9,814 (Marryatt's old code, the William Ash), 13th inst. ; Whim, of Harwich, from St. Domingo, 16th, lat. 48, lon. 6, by the Denia, arrived in the River. Whim, St. Domingo to London, with loss of mate, and crew all sick, except the Master and one man, 11th inst. ; Sir Charles Napier, supposed from Liverpool to New South Wales, with loss of fore-topmast and jib-boom, 14th inst., 30 miles south of Scilly, by the Mischief, arrived at Liverpool. Mary, London to Cal cutta, sth Aug. ; Columbia, Liverpool to Sydney, let ult., by the Christian Agatha, arrived at Cowes. Sou venir, London to Quebec, 27th ult., off Cape Chat, by the Reaper, arrived at Poole. Adolphus Yates, for Civitta Vecchia, 16th inst., lat. 48, by the James Dunn, arrived at Falmouth. Cyrus, Thomson, 18th inst., lat. 48, lon. 6, by the Morgan, arrived at Falmouth. Barque Magnet, of and for Hull, 13th ult., 30 miles south-west of Navarino, by the Saucy Jack, arrived in the Creek. Rosalind, London to Mazatlan, 16th Aug., off Cape Horn, by the Tuscan, arrived in the River. Elize, Bre men to Baltimore, out 19 days, lat. 46, lon. 27. by the Diana, arrived in the Downs. EXTRAORDINARY FEAT.—One of the medi cal students of St. George's Hospital, named Thackery (a young gentleman who has obtained great celebrity among cricketers), undertook to perform the feat of hop ping fifty yards and running one hundred y ar d s i n t h e short space ,of seventeen seconds. Thursday afternoon was the day appointed for the event to come off, which, unfortu nately, turned out to be a most unpropitious one. The par ties, however, notwithstanding, met on Putney Heath, and the ground having been selected, Mr. Thackery started pre cisely at three o'clock, and succeeded in performing the distance in eighteen seconds, thus losing by one second only, which, however, considering the badness of the soil, must be allowed was an extraordinary performance; and it is thus evident, had it been fine weather, and on good ground, Mr. Thackery would have performed the task with apparent ease. Calculating 150 yards in eighteen seconds, gives a distance of 30,000 yards, or seventeen miles and eighty yards in an hour. Mr. Thackery is about twenty-two years of age, five feet six or seven inches in height. A somewhat singular occurrence took place at Keswick about eleven o'clock on Saturday night last. A very large flock of wild geese passed over the town of Keswick, and flew so near the house-tops that many per sons who had retired to rest heard the screeching dis cordant noise the wild geese invariably make during flight. It is conjectured that having been attracted by the lights in the streets, they had descended from their wonted elevation, or it might be that they had been com pelled by the violence of the wind, which at the time was blowing furiously, to avail themselves of a lower altitude than under other circumstances they would have chosen. However, be this as it may, their visit has in the present instance verified the generally received opinion that their appearance indicates the near approach of stormy weather. On Sunday morning it was intensely cold, and all the hills, even to their base, were covered with snow. On Monday morning the frost was very keen, and the air so piercingly cold that winter may be said to have commenced its somewhat unwelcome reign in the lal(e district.—Cumberland Pacquet. We are happy to find that it is intended to ap point an eleventh company to every regiment in India and in China, immediately the consent of the Court of Directors has been obtained. The necessity of this i mea sure has been stronglympressed on the C our t by the authorities of the Horse Guards.—Naval and Mai- • Wry Gazette. MORNING SUN THE MARKETS —YESTERoAy. CORN EXCHANGE. --•- ~.• goo r d, and the . ftel l i .'i tP c p .f lv - W 'L a t ' el ; e : ;a u b i lY '''' o '- oCI '"(:)f :; „„s Grain. Nearly all the English Wheat was in t ": condition, and sold very heavily at Is. to 26. P, e . ; quarter decline from last week's prices : Foreign a' er Is. per quarter lOwer. Barley, except very fine , is • P j quarter ch ea p er . B eans an d Peas hardly suPP °rte d, M former ter ms . O a t s , un l ess d ry , more slack in de , VI k. n ur and scar ce ly ma i nta i n l a S t wee k' s ra tes. e' o trade very d u ll a t t h e d ec li ne i n va l ue noticed last 1:1,. siRRIVALS OF GRAIN IN LONDON DUilliv(; LAS' %% ''r - Flov Wheat. Carle% I a t • . . 7 ,;, 3 ‘5 , English Irish - 17,131 i 84 7 , rls Foreign 29,705 1,180 2L9 . ratcas ow BOARD or SYIP ..38 , 4 ' 3 ' . Wheat,Red (old) - s s. Beans, Small (new) ..... • 4 ,. 415. —.—... White (old) _ a. --s -- (old) ........ . l,, ---- Red 18. II) 52, 555 . Tick (new) ......... n . .T 7 ,, Fine s`is 6.1 i ---.(old). ......... 3 , • 95 , , -- -Superfine 164. 678 -- Harrow (new) ...... ,3:.421. ----White (1841) 548. 5.5: , (01d)... •••••":„..s. L -- - - = L i ll tine ----Foreign free Rye Barley • 361/2011 405. 77 6 2 2 ,i 5 .6: _0 8r a .i t ri , k p} .... e . 1ed . a . n ... 5d ...... e.. ....... 4. ....................................................... : 1 18: 7: : : ‘,42 _4 . 20s 32, New ...... ....f.._.....',, —. Grinding •'Ss. 325, Potatoe ................. .2 . „„ ji , --- Malting 345. 38t, Malt Ms. CO. Scotch ........»••'•••" io.:.iss. ---- Fine New 645 . 661 . ' Irish ............ Ws. •••1 0 :00, Pease, Grey, New 15s. 375. Flour Town (per sack)" .: 5 0 ' Maple New . ..... .Sfis. 403. Seconds ............... .5203 •'"' ~, ' White 345. 3G ;. — North Country•••• . . 7i. s. Boilers S7s. 425. Bran ..................... . .... SMITHFIELD MARKET. was The number of be as t s a t mar k e t this morni ll " sv d considerable, and of f a i r average qua lity.. The dem of good, with a trifling improvement in Pri g i , &- Sheep the supply was but mo d era t e , with a stean',d, !nand, and last week's quotations were readily °Maw-re Of "Calves the supply was short, and the whole l a. , cleared off at f u ll p r i ces . Of Pi gs t h e supply'w as ° id; dling, with a brisk d eman d, an d fi ne qua lities were 13 1 60 ; in request. Beasts, 3,540 ; Sh ee p, 19,840 ; rigs' 5 tif Calves, 104. Beef, 3s. 4d. to 4s. 6d. ; 'Mutton, 35.; sa, 4s. Bd. ; Veal, 4s. 4d. to ss. 4d. ; Pork, 4s. 4d. to s• TEA MARKET. a 181 0 The biddings were languid at the public sales, an 0 a small proportion fo un d b u y ers , b ut t h e first day's rl l i o d, ruled. For Congou, middling and rather coarse, ls. aG to Is. 103 d. paid. Company' s C ongou dull of sale, Is. 9 cash. TALLOW MARKET. to 47 1 P c , A fair demand, a n d p r i ces stea d y a t 463. 9u. for P.Y. Candle o n th e spot , an d 46 5. 9 d. for deliver/ wt . to the end of the y ear . T own T a ll ow 53 5 . 6d. p er • PROVISION MARKET. putcbo Butter in fair request and prices firm ; fi ne ascos 104 s. to 108 s. per cwt. The best Irish, 102 s. lAA met a fair sale at firm rates. Prime Meat, 61 s• 775. to 795. for the best bladdered. M . Prices firm for all sorts of wooI, ARKET and a fair de inand fg both English and Foreign. HOP MARKET. od S O Prices rather low er f or common sorts, but g° duty' sustained the value. The market dull. The er ne is expected to be daily declared. A 4 ETAL MARKET. at 36155' Spelter met a fair sale, and prices were &Tr it sale' on the spot. L ea d d u ll o f sa l e. Iron metW" - ira , PRICE OF BREAD. fi r ,hc lfte highes' t the of gre.ol i.. the Mc.troinlikis iOd Leaf. Gocd Bre id may be had at 81d. PRICES OF SEEDS. si ts Sew Cwt. 1 P er Q u arter' t.'" sits Sew English Ren Clover...6C A 84 s St. Fein .. .......... 4 2. 55 ,8 Old Ditto Ditto New Foreign Ditto Old Ditto Ditto —s —s —s Linseed, for feeding" .. ,,,i e'',s 8 New White Clover 548 e(Js 65s Ditto, for sowing ••••' ,-8 4 ,',, s' 2 ' Old Ditto Ditto — s —s —s 62s — sos s p ß a y e e ey Gr u as ras s. s . ................. ...............„...., .. 5 :: :06i : —s —s —s Ditto, for crushing '':„....s 4 ,7400 New Tre oil .... —s 20s 408'H-mp ............ .. ..... .•:: A .' Old Ditto Jr, folium Per ........ t o Its (6 English Carraway —s 50s 5 - is White Must. rd•••• . oil r 035 0 d ~ 1) Foreign Ditto .3 46s 50s ' Brown Ditto ......... 1 .- ' ed tO. 1 LO s s . - 7 - 4 Canary , ................. ,••---- 4 Coriander —s —s —s Tares ...............••• 5 ,,, 9 ~, 0 PRICE OF TALLOW, SOAP, &c. per 11 '''„Xt ',Y ° Town Tallow ... .£", 10 6 Melting Stuff ........... ... I io Yellow Russia White ••• I. 0 0 Graves ............... •••••• ... 0 Soap Ditto •0 0 0 Good Dregs ............... i PRICE OF RAW FAT, per stone of !fibs , L a, 91' Price of Tallow (as stated by the Tallow Melters) .......... •••"- PRICE OF OIL. .... „,, 0 0 ..„, Rape Oil. brown, per ton Dot Ditto, refined Linseed Oil ..... .. ........ .. , .... . ............ .......• . • Lins.ed Oil Cake at th.,.illill . (per 1000) ........... •••• 7JO Rai .e take, per ton COAL Ships arrived sin .• • • .......... ••••••••••• [ARK ET .... last market day, Walls End Russell's Helton nig Walls End Stewart's ......... 14 O e 'South Pelton . ....... ....... Walls End C3SSOp ............ a Walls End Hartlepool ...... 91 Tennant's .. * e . ; Walls End Parrington Te .„ ; Walls End Bowburn ......... 5 Walls End Clarence He` 18 t Walls End Evenvrood b Walls End Seymour Teo,. Wal End Tees ......... ... i g Howard's NethertonAlon''' 11 ° Newton Main .................. RN MARKETS. -. Bell, Robson & Co. Hanley 18 0 1 1 Boddie's West Hartley l9 0 Charlotte Main ......... Molyweil Ma n lB 6 New 'Fairfield Moor l4 6 West Hart1en........ Wylam Walls End Clarkand Co. Walls End Clennell iB 0 Walls end Delaval Walls End Killmgworth ... 19 S. W. E. Rraddyll'sHotton ... 22 I Walls End Hetton 22, 0 Walls End Lambton ...... COUNTRY CORN 111ARIC - T s ' 5 6 I r e 4 ean s ' /......---^' Wheat. Barley. Oats. ..........---• s. to I. —____— --- —....._,,,. -__.....—... I. to 0. 46 .., Per Quarter s. to S. 3. to B. S. t 0 g• 4 6 -- Carlisle - _, 4 {o Hexham 6O 70 35 38 13 2 0 ;7, 1 42 3 u .... Morpeth 54 (:4 '4'B 32 D:1 `4i 33 "'" 40 Penrith 6B 32 '24 52 Sheffield -"' 42 3 5 , di Winchest.r 64 70 30 31 20 26 4 0 ds u il Per Bushel. s. d. s.d. s.d. 2. d. s. d. s.d. s. d. It; 0 6 1 0 01 Carmarthen b4l 70 00- 40 00 29 56 '-', ~ 01,, 01, Cowbridge, 76 BA . 0 0 4 0 0 0 3 0 5 0 0 ';', t, 13 Swansea " 7 6 8 4 4 0 4 4 2 6 3 0 5 6 6 v o' Per Bolt. 10 9 a it Barnardeastl 12 0 17 0 8 9 9 0 4 0 7 4 9 6 11 0 a a ~ ir Durham ' I4R 100 80 90 59 69 00 10 6 4 ," 0 r a " ly Richmond l3 0 19 41' 10 0 11 0 60 7410 0 12 0 , i 0 '" Stockton l5 0196 90 90 60 70 90 II I '' .„ WAKEFIELD CORN IdAREEI; o oe C'T Want, Red, Norfolk and Suffblk ....5. 63g. to 0 5 '• fine a 4: ----- Lin. and Cain .i v. ---- Yorkshire 'B3. to 6,1 e,; --5... , s , . j ot. white ..---- Foreign, Red s. 04s. to b ll r ine ~,,, --•--------- White — s. 655. t 4 ,1 : one ~ - ,4 Barley, Norfolk and Suffldk ; 31. 31 . -T t t g L - :: ii fi o n j e 3: . ---. Lincolnshire --- Yorkshire Wold . ................. —r---- Foreign 2.3 "Li-- 5 ' one 4:3!.'. to 4.0,. -r--- Foreign - one ~,,,,. Beans, New . 39‘ , ....A ~e ...- --- Old Oats, Potato , to ' 95 . fin i f & - . to ,ne ---- Poland - 1. -"' o'o' u t St, pc. --- vriezland and 5m.1,11 -s. -i• iLd.Pe P. —,- ltsealing .... .... 12d. to 1 2 N. P e t ' 03 , t Sh‘lllng ......i . l'Bl. to SO. 445 . pa L o t Malt ..•••••••••• ......... 40s. ail . Of. fre t Rapeseed .•••••••••• 0000000000 •14. s.••••••• —l.Ol. 364 01. NEWCASTLE CORN EXCHANOti Wliit e : l Red. 55 4 - (.'• Wheat, Northuinkerland 541 665. ...... Ai . OP: -- Norfolk and Suffolk.... ...... ... 6ss. 681......• " fr i" . „,_o o ' --- Berwick and Scotch... ..... -`..... Foreign 663.:05. . ," .. ... 4 .... ,.; Rye, Norfolk and Suffolk ....5. ..4. v . . Foreign Barley, Making, Norfolk and Suffolk- 3 36 7:.. 3:1: .............. ..... - t _.- - 1. 1 .5„. - Grinding and Feeding 2Ss. 355. •••" ...s. ••"'' :;, Malt, Norfolk and Suffolk.... .......... . 62s 64,....• ..,,,,, --' ~. Beans, Small 42s. 443.....•• ...., ---s• -.-- Tick ... 405. 4•211. ...... .... 5. ...:.. Pease, White Gray Oats, Northumberland, Potatoe ----------- Feed .-- Foreign .. Flour (per sack) • • ,222 3 2 4 5 .2 : 2 11 5 s ... 2 .2 3 5 2 4 1 6 5 4 1• ....: ..... ....: ....• ...! ....: ...... .. . mss, ' . . ..., . . I --- : 6 :: . ). SCOTCH MARKETS. 03 t18- , ,, Wheat. Barley. Oats. Bea ns. ...."1 2 5 --._._ -- -------- :3' , SS ' f.; therdeen 60 to 70 27 to 2S 0 0 to 24 -- t o .-- 3 5 Berwick 3B 54 17 2 8 15 2 1 30 .''', c , •,113 Coldstream Cupar (Fife' 46 65 26 31 IS 22 W q's I g # Dunbar.. _ 59 6 5 - 5 25 "8 21 24 37 0 ..• ' Elgin 79 72 3u 31 30 26 48 i ... . Inverness Kelso ........ 40 55 04 27 17 20 30 `.'7, 1 43' # Kirkaldy ' Pert 6O li7 30 40 25 35 41 ,00117 Thu size of the measure varies throughout toe ' HADDINGMN CORN MARKET. rell Wheat. Barley. Oats. nean,A 42; 0 First 77s Od 378 Od 285 0.4 479 118 _, 99 pi Second 638 Od 33a 1 d 24s 62 47s oa 1 1 ['bird 563 Od 30s Od 21 s Od :i7s Oa Average 3l. 25,, 4d,6 10ths. DALKEITH CORN MARKET. 011 Wheat. Raney. I Oats. pease. . 47 s 00 First 7os Cu 37s 6.1 , 29s 4d 47s o __,- v. otl Second ll 5B Od 30s Fd 1 23s 4d 295 U° .0 1 Third 46s Od 2,1 s Od i.... dui ......., Od l 4. DALKEITH CORN MARKET. Wheat. ' Raney. . 1 Oats. r ea "!; 70s Cu 37s 6d i gg, 4d 47s Oa oils Od 30s fed i 23s 4d 2gi ed 46s Od 2,)s Od Es Od — 4 o ' l ~1...., GLASGOW CORN Mt RKET. tl. it: r Wheat, dritish, old 350 to 38 0 Iri.b ...................••• 00 ---- new Canada, free — 0 0 Beans, per' 601 " , 2 5 0 9 5 0 Irish 31 0 22 2 English ........... ••••• 4 .i 0 4 „ Barley, per 3201 b. Scottish ... . ... . ...... .2r ii IP English 2T 6 31; 0 Pease, Sco . ti,is . h ..... is 0 6 0 Scottish 2.5 0 29 0 Oatmea), per MM.... 0 0 _....... Irish SILVERTLATED CORNER DlS 47 ,Corr t ; T. COX SAVORY, M anu f actur i ng Sil vers mith, D'E°' stibt n ' - hill, London (Seven doors from Gracechm.ch-street):, cane! the prices of the following patterns of strong ly Pla te ields I° ' Dishes, with silve r h an dl es an d e d ges , an d s ilver ' D engraving the crest or coat of arms : • The Gadroon Pattern. £lO 1 0 Four Strongly Plated C orner Di s h es an d Covers... Four Extra Strongly Plated Corner Dishes and 10 1/ Covers .................. .............................. The Flower Pattern. Four Extra Strongly Plated Corner Dishes and is 10 Covers .... ..... ........................... , t o N.B. The covers are made with mov.eable handles,arded td they form extra dishes. ' Drawings of the above for _ .0.1 any part of Great Britain or Ireland, postage free. B IR THS. dd let°lj' R. o ll n lu t s h ron i , 4 o t f h a in d s a t u . On the 19th inst., the lady of. the Rev. Stephen 1 1 8.D., of Cheltenham, of a daughter. I ate. the On the 17th inst. at James-street, n_i tl .s lc ,`?"" aani-g wife of the Rev. Richard Hodgson, of a dorl;"`" ,zahtterC.helmsford, the lady of the Bea. On the 15th inst , M at A W R it ß he l r E idg D e, Devon, ill, Esq., to Anna . ,-, • 1 , i , (1 . ' he f t ormer place. Wood, second daughter of T. Comma, On the 16 • C. War.clB6. th inst., at Castlebellingham, J. R. lats forde, E Lady .... sq., eldest son of the Hon. Charles B. C. and th'e dof ~ I, ; e. ao castie S c arah Wandesforde, of Kirklington, Yorks...r, , ogo t c omer, Kilkenny, to Emil Selina Frances, j ° criir , ) daughter y , v . I of J. Al‘Clintock, Et and Lady Elizabeth. I tock, of • Di umcar, county of Louth. q NaSt On the 18th inst., S ' I Church, ',AO ad , at Stoke-Gabrio • ~,Tyndale, of the Middle Temple, Esq., hattister-r.t-11°' hcer Blandford-square London, to Charlotte Flora, eld 'st cls•ug ‘ of R. P. Hulme, ' F.sq , of Maisonnette Devon. lwa r On the 18th • . , i ' u i re ' E ' he inst., at St. George s, ...anover-scitta , o f t Horsman, Esq., M.P. to Charlotte Louisa, daughter ~.,.0, late J. C. Ramsden, E ' s M.P., and sister of. Sir John Sir du Ramsden, Bart. q.' ,„ ~i sh ir On the 18th inst., at Goodmanham, do Rev. R. v u •Adeit incumbent of St. eorge's, Leicester, 4 „o Sarah Anoe' - daughter of the Rev. W. Blow, Rectr,tio! Goodlicoo. 1 JUL." 14.0,01 4,f DIED. - On the 17th inst., at Bushey-hriath, Airs. Mary APP le ' Or", aged 86. G eorge On the 18th inst., at Gosport, Lieutenant Alexander Rothery, R.N. ~2 d 65 ',, lOn the 19th inst., at Herne-Lill T. Deus, Esq.' - "' c i e t igh r On the 19th inst., at Bath, ( - ;_eo' riina Pavel], the a C B of Vice-Admiral Sir Robert Lewis Fitzgerald , I" ' I . 13. G of On the 19th inst., at H am pt on - cour t. Palace, the o . °of t b° Graves, Lieutenant 14th Light Drago ons, second son late Lord Graves. _..--I.t ! --..-, c6, 0 . ____ •.. . .. . .. London: Printed and Published b,' 11/111RDO l ?„41,4 ° No. 112, Strand, at The Sux Onee, No. 1 12 ::,:"1 - 841 , the County of Middlesex, Tuesday, November 1‘..2,