The Sun.
London, England, 1852-10-16 00:00:00

LONDON, SATURDAY EVENING, OCTOBER 16,

lity, and indefatigable perseverance of the people ;
but much is also owing to the numerous wealthy
establishments affording every legitimate accommo-
dation to their customers and the country.
In Ireland, on the other hand, there is but one
chartered and eight unchartered banks, with an ag-
gregate paid-up capital of 5,000,0001., of which
2,000,0001. sterling has been borrowed by the Govern-
ment from the Bank of Ireland, leaving but
3,000,0001., or less than 10s. per head for the
use of the people. The state of the country,
its wonderful natural advantages remaining neglected
and uncared for, and its sturdy yeomen flying from
their native land to seek a livelihood where labour is
better rewarded, but too painfully indicate the deplo-
' :able consequences of this palpable deficiency. Many
of our colonies are in the same condition, although
the evils are less perceptible, and the existing causes,
as in Ireland, are by no means clearly understood. We
rejoice to find," however, that the surplus capital now
available has been in many instances directed to-
wards our own dependencies—lndia it is that chiefly
requires it, India would afford the most beneficial
channel for such investments, not only so far
as the interests of the community are concerned,
but also with respect to the profits to be obtained by
the shareholders, a matter to which capitalists will, of
course, chiefly look.
On the former point our great manufacturers
should bestir themselves. An adequate supply of
cotton, and the removal of the practical monopoly
now enjoyed by the slaveholding States of America,
would be a matter of the most vital importance. The
Chamber of Commerce of Manchester has fully re-
cognised the exigency, and some time since deputed a
gentleman of great talent and intelligence to enter
upon inquiries which were unfortunately cut short
by his premature death. We may, however, state,
that banks and railways are all that are wanting to
insure an abundant supply of the raw
material of what may be termed the staple
manufacture of England. If they wish to obtain
that great desideratum, they should lend their best
aid to the banks now in course of formation.

The Bank of India, which has just been brought
under public notice, is brought forward under the most
auspicious circumstances. Its directors are gentle-
men of the highest character, whose names are suffi-
cient to ensure the success of almost any project
with which they are concerned. The Bank itself is
established for the purpose of carrying on the general
business of banking and exchange in India, China,
the Mauritius, Ceylon, Singapore, and the other
Eastern possessions of the British empire ; for receiving
deposits and making remittances; for issuing notes pay-
able to bearer on demand; for granting cash credits
and making advances upon approved securities; for
',suing circular notes payable in Europe, Egypt', the
principal stations on the overland routes to India, and
at the different establishments of the Bank ; for grant-
ing drafts and credits ; and for all other legitimate
banking business. It will also undertake agencies
for the civil and military services in India, the re-
ceipt and remittance of pay-pensions, dividends, &c.,
and the purchase and sale of European and Indian
securities. There will be an ample field,
an almost virgin soil for its labours. It will do more
to neutralise the malign influences of the
native money-lenders, and thus afford the
greatest inducement to the improvel culti-
vation of cotton, than anything that could
be devised. The money employed, too, will not be
carried out of the kingdom. On the contrary, it will
be employed in the most unexceptionable manner for
the benefit of our own people, and the myriads dependent
on our rule in the Anglo-Indian Empire. We trust
that this important project may obtain the success
it so eminently deserves, and that it may prove the
precursor of many similar establishments in the
different Presidencies.

rHE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The following are the latest telegraphic dispatches
received by the Government :
" Niort, Oct. 13, Half-past Six P.m.
" The Prince arrived at Niort at half-past five. He
proceeded to the cathedral, where he was received by the
Bishop of Poitiers, who came to meet him at the head
of upwards of 300 ecclesiastics. The department of the
Deux Sevres has shown as much enthusiasm as the de-
-1 partment3 in its vicinity, and everywhere the Prince
has been received on his passage with cries of 'Vive
l'Empereur!' His entry into Niort was magnificent.
"Poitiers, 14th, 4.45 P.M.
" His Higness entered Poitiers at a quarter-past four.
An immense crowd thronged the streets; the deputations
of the rural communes, headed by banners, were passed
in review on the promenade de Biome. The enthusi-
ism is universal. From the gates of the town to the
Pre!'ecture there was only one long-continued cry of
• Vive l'Empereur,' and these cries are still repeated.
His Highness is in perfect health."
The hour for the entry of Prince LOUIS NAPOLEON
into Paris this day has been altered to two
o'clock P.M.

The Patric states that in every part of Paris the
workmen have applied to the authorities for permis-
sion to send deputations to meet the PRESIDENT on
his return to Paris. In the Faubourg St. Marceau
alone the number of workmen who have expressed a
wish to go as a deputation amounts to 8,000. The
same journal says that at the moment of the passage
of the PRINCE the Orpheonists and the Societe des
Enfans de Paris, placed on the Terrace of the
I.:uileries, will sing
a chorus appropriate to the occa-
sion.

The municipal commission of the city of Paris met
on Thursday, and voted an address to the PAIN CE
PRESIDENT, which is to be presented on his arrival
this day.
The Constitutionnel has an article on the text,
" the Empire is peace," showing that there will be an
invasion of England, but it will be an invasion of
French produce • and the Pays, remarking on the
withdrawal of English capital from French railways,
says it has only served to demonstrate the capabilities
of France to provide for her own public works.
The following is the said article of the Constitu-
tionnel under the title of " L'Empire, c'est la Paix :"
Three or four journals have been endeavouring for
the last ten months to persuade the English people that
it is not Socialism but England that was vanquished on
the 2d December. An exile, a proscrit was raised to
power by the almost unanimous acclamation of
France, and this man, honoured by so striking and
so glorious a confidence, has not been able to think,
according to his violent detractors, to devote himself
to the happiness of the people who spontaneously placed
him at their head. Gratitude has never animated
ihbiiagmsh,tpernaeevdapi his aletrdiotic or generous idea has never en-
lightened
him nor warmed
hehifisrhsteadrayt;,ounnedidtheaataildoneue
is the rain of England. It is not to release his country
from anarchy that he has thrown himself between par-
ties—it is to be able, at a later period, to strike at Eng-
land. If he has asked from the people a new ratification
of his power, it is to have the right of disposing of our
fleets and of our soldiers. If he has sought to re-establish
order in the finances, it is to provide the sinews of war.
If he has given fresh life to commerce and industry—and
if he has given an immense impulse to all great public
works, all these efforts, all this perseverance, have only
one concealed object—the invasion of England. What
astonishes us in this thesis, is not its manifest absurdity
—it is the invincible obstinacy with which men who
think themselves serious, and that they write con-
scientiously, maintain it month after month, in
spite of the incredulity which they meet with
and the little encouragement which they receive
in the public opinion of the country. flow many
times have they enumerated our men-of-war and our
steam-vessels? How many times have they spoken of
our Chasseurs de Vincennes, as if their very name alone
was to cause every Englishman to shudder? We do not,
uonitdys
locfe'eLpotnhdemonsehlayseseavibnucveed muchpa r
alarm—theth however,
d ock soe efE thatnLgolins London theoFn and Liverpool
re t u
return
to are
find En
filled
England
with
nd de-
vastated
h v e s
oandfetir n
ch fo i
r us tea, wool, and cot-
st
oe
nl pwr
ietphanrui nt gfeato g
ringo
n ae
and her towns and cities in ashes.
celst.apspoemares
oftyhnantdththeeferaurnge of
wartwion
oLrotnhdreoen has never extended be.
mmoornnthinsg thagon,t thewh noenthass
e:eosfamEengjleonudrnsalhos duldemhaenldinededewveirthy
cafnrrinineodn inatud that
naiiiteiavinerayn
;a
wblhe -ebnotdhiee
cockneys
mockanneyshsof
formed
be
med trans-
them-
selves into clubs to exercise themselves at shooting with a
rifle, and offered to the country, in the columns of one of
these journals, an arm which had never before handled
anything beyond an umbrella, and we ridiculed these
ridiculous apprehensions. Yes,' we then said, France
is forging weapons—yes, she will invade England, she
will go and sell cotton goods at Liverpool, silk goods
at Birmingham, and cutlery at Sheffield. Mount guard,
go through the manual exercise, and play at soldiers,
whilst we complete our canals and our railways; whilst
we labour to give ourselves two powerful instruments
for our future conquests—iron and coal at a cheap rate.'
We were replied to that peace might be at the bottom of
the wishes of France without its being the idea of the
Government. The affair was put 4,ff to the 10th of
May and to the 15th of August. The 10th of May
and the 15th of August came, and showed some fresh
progress in the public prosperity—some further steps
in the path of pacific ameliorations. The declarations
of the representatives of France ,se
Acts of her Go-
vernment,
raonise these voluntary
the President, were
not,
however,
andall the policy
sufficientto
tquilli
alarmists; it was necessary to have the declaration of the
Chief of the State himself. He spoke at the time when
France required to hear his voice and to be informed as
to her destinies. Was that declaration clear enough,

his idea firm and resolute enough, his programme
striking enough to satisfy the ambition of a man and
the pride of a nation? Wait for the empire' was next
the cry. The empire has arrived, and where are the
reports of war and preparations for combat? Who is
there that is alarmed and trembles? Apostles of fear
commence by converting your countrymen, prevent them
from landing in thousands on our shores; from investing
money in our funds and taking part in our railway spe-
culations. To all your calumnies, and to your persever-
ing incredulity we need only make one reply; the testi-
mony of the people of England, or rather of the whole of
Europe, who flock to oral ites, who fill our theatres and
our hotels, who empty our shops, and who see with their
own eyes that everything in France breathes calm, in-
dustry, and prosperity. The empire is peace."
The Moniteur gives the returns of indirect revenue
for the nine morals of the present year, showing an
increase over the corresponding period of the previous
year of 36,684,000 f., and over the year 1850 of
49,037;000f. The principal increase is under the
head of registry of deeds, duties, &c., being more than
12 millions. Customs returns on various kinds of
merchandise give an increase of 91 millions, on
French colonial sugars upwards of 4 millions, and on
foreign sugars nearly 2 millions. There is a decline
of nearly 600,0001. on export duties. The salt-tax
shows an increase of nearly 3 millions, and the tax on
potable liquors an increase of 4 millions. These
items serve the double purpose of encouraging reduc-
tion of duties on articles of consumption, and evince
the improved condition of the people. The tobacco
duty shows an increase of 2i millions, and the Post-
office a like sum.
The Pairie says—" The last accounts from Hor
nolulu state that King KAMEAH-MEAH was about to
send to Paris an envoy extraordinary to negotiate a
treaty destined to remove the difficulties which have
arisen between France and the Government of the
Sandwich Islands."
The Bourse was firm, with a very slight advance o
the prices of yesterday. The Four-and•a-Half per
Cents. opened at 106 f. 50c., and closed at 106 f. 90c. for
the end of the month ; Orleans Railway Shares, 1,495 f.;
Rouen, 910 f.; Havre, 412 f. 50c.; Great Northern, 780 f,;
Mignon, 550 f.; Basle, 327 f. 500.; Paris and Strasburg,
750 f.; Paris and Lyons, 952 f. 50c.; Lyons and Avignon,
680 f.; Western of France, 670 f.; Bordeaux and Cette,
632 f. 50c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, Ocr. 15.

Charleroi and Erquelines, 153/4—Dijon and Besancon, gi
—Great Indian Peninsula, 7—Madras, 73/4—Northern of
France, 30—Ditto, 201. 3 per cent. Bonds, 1.1; —Paris and
Lyons, 261,4—Paris and Rouen, 35—Paris and Strasbourg,
30913—Paris, Caen, and Cherbourg, 6 —Rouen and Havre,
16 %s—Sambre and Meuse, 10—West Flanders, 41 —Western
of France, 16.

SPAIN.
The Madrid journals of the 10th inst. have arrived.
The Gazette, which appeared with vignettes round
its border, in honour of the QUEEN'S birthday, an-
nounces the promotion of three brigadiers of cavalry
and one brigadier of infantry to the rank of majors-
general.
M. OLOzAGA had arrived at Madrid from Valencia.
The directors of the Bank of St. Ferdinand had
held a meeting to adopt measures to extend the busi-
ness of the bank, by contributing with its capital to
the extension of the commerce and manufactures of
the country.
The 10th being Sunday, the Stock Exchange re-
mained closed.

GERMANY.
The Norddeutseher Portfolio states that a treaty
relative to a Customs union between Austria and
the States of the Darmstadt Coalition will be con-
cluded, to come into force on the lst January, 185 4.
The Gazette of Cassel confirms the above news, and
aids that a definitive conference has been fixed to take
place at Vienna on the 20th inst. Austria will gua-
rantee to the allies their present Customs revenues.
The question as to raising the German flag at the
Palace of be Germanic Diet has been diplomatically
arranged ; the result is that the flag shall not again
be displayed.
13tae members of the French police have arrived
is Frankfort ; they are in correspondence with
the Government relative to the Maraeilles plot, which
is reported to have ramifications in Germany.
The Breslau) Gazette states that 5,000 horses,
lately Purchased in Russia for the French cavalry,
will be immediately forwarded to Strasburg by way
of Warsaw, Alyslowitz, Breslaw, Goerlitz, and Dres-
den. Negotiations have been already entered into
with the different railway companies for the purpose.
A letter from Vienna, in the Prussian Gazette,
states that Saxony and Baden have both formally
protested against a new Customs' Conference being
held at Vienna, but Saxony does net refuse to renew
at a later period negotiations at Vienna.
A letter frcin Berlin states that the Archbishop of
BRESLAU ia to ill that no hopes are entertained of
saving his life,
The Emperor of AUSTRIA left the camp of POT-
dentine on the 11th for Croatia.
The Austrian Lloyds states that a treaty of extra-
tradition has just been
concluded between Austria
and the Netherlands.

___
the states of Russia are corn-
The Posen Gazette declares that there is no truth
gdeicnlaration of the amount of money
in the statement of one of the German journals, that
Duchy of Posen, for the purpose
i,foreignersdtomaarkrievian
I)._ ,t
the. authorities to desist
been applied for. They
On the 6th inst. the Jesuit missionaries who had
that they have With tehreemd.h.ab.dy
oafrrpivreeadcihnintgh,e,4G,erraenodrd
were subsequently permitted, however,. to celebrate
the fke of one of the congregations of their order.
The Augsburg. uazet.te states that
from it, as no perrtission
Ring OTHO of
Greece is confined to his room at Munich by a cold
and fever.

tELGIUIII.
We read in th, Jndependance of Brussels of
Thursday :
" An Italian journal states that M. Firmin Rogier, the
Belgian Minister in Paris, is to be the Belgian Minister
to the Courts of Italy. On the other hand a French
journal states that N. Nothumb has arrived in Paris,
charged with proPotitions relative to the commercial
treaty. It is hardly necessary for us to remark that
these statements are, to say the Jeast, premature. The
arrangements spoken of can only be made by the new
Ministry, which is not yet definitively constituted.'

D.ENMARK.
The last accounts from Copenhagen state that the
health of the King of DENMARK bad so much im-
proved that no more bulletins would be issued.
The amount of the War budget of Denmark, re-
cently presented to the Diet, is fixed at 41 millions of
rix dollars (about 20 niillions of francs), and that of
the Marine at 1,751,000 rd. In 1847, the public
debt amounted to 105 millions, with a reserved fund
of si millions. Oa the 31st March, 1851, the
amount of the debt was 125 millions, with a reserved
fund of 2i millions, and on the 31st of March, 1854,
it will be 121 millions, vith a reserve fund of about
3 millions.

THE SHARE MAItKETS.
BRI'X'ISEC 3LAMWAYS

Railways.

Nominal Prices.

Business done
to-day.

28%% %