The Sun.
London, England, 1839-08-08 00:00:00

EV 14 NING EDITION

day was about as extensive as the day before, and the
prices of some descriptions improved a shade, while others
receded a trifle; upon the whole, the general aspect of
the market continues much the same as for some days
past.

The foreign 'exchanges appear to have taken rather a
more favourable turn, and the rates of bills on England
hare declined a little, closing yesterday at 4,87 to 4,88
dole. (91. to 10 per cent. the pound sterling). Bills on
France, 5,121 to 5,15.
RATE OF SALES AT THE STOCK EX-

CHANGE, J
90 Shares United States Bank uLY 18.
1 do. Bank of New York
20 do. Merchants' Bank
200 do. Phcenix Bank
40 do. North River Bank
20 do. Commercial Bank
7 do. State Bank
So do. Mechanics' Bank Association
35 do. Back of Commerce
30 do. Delaware and Hudson .
60 do. Ohio Life and Trust
63 do. Kentucky Bank
30 do. Canton Company
10 do. Mohawk Railroad
5 do. Boston and Providence Railroad
10 do. New- York, Providence, and Boston
Railroad
215 do. Haarlem Railroad
THE M

98
63
90
.05;

-Aaarr.—Cotton.—Some small sales for ex.
portation continue to be made at previous prices. Flour
is dull at prices last quoted. Grain.—P It kinds are with-
out change. -
The sale of stocks at the brokers' board indicate about
the same prices, on an average, as yesterday.

Some time since Lord Brougham complained
thatth the Bishops had made a tool of him. The Bishop
London may with more justice complain that the
Corporator* of London have made a tool of him, at
Whose instigation he has opposed the Blackwall Rail-
uway Bill, because, forsooth, it was intended to use that
ilway (as all other railways, and Bishops' carriages
!well, are used), on Sundays, which intention has
417 ever been abandoned in deference to the Bishop,
d thethe bypocritical clamour of the pious jobocrats of
they City,, It seems the Bishop was not advised that
eojected to steam-travelling on Sundays, only
why n -
it might injure their own monopolies,
ore_nd_ered very lucrative by their own encouragements
tt Sunday travelling. They never told the Bishop
i at
they, the Corporators, have considerable property
-11 Wharfs, which are let on convenient terms to Alder-
11)ten
A and Common Councilmen (members of their own
°u3'), and which enjoy a great portion of the steam
11"llation of the river; bringing immense revenues to
the pious
Corporators, especially by Sunday travelling,
becausethe multitude who toil for Bishops and Copora•
fors
a can only leave their industry to get a little purer
oirr on Sundays. It was feared that if the passengers'
h a 1411 part of them, preferred taking the stein-
-oats from the terminus of the railway, there would Le
1.7 n'any threepences and sixpences less exacted from
Sundayere by eonscientious Corporators, who are horrified at
; it
travellin along Fenchurch-street, but delight
oftt when it is galong Thames-street or Fish-street-hill.
rely
the Bishop will indignantly renounce the alliance
of these audacious hypocrites! The whole secret of the
?PPosition of the Corperators to this railway is found
cMorthe injury which it might do to some of the
Poration wharfs, by causing goods and passengers to
be landed at Blackwall,; instead of being carried up the
More crowded parts of the river, at great risk and de-
lay'
it is calculated that a saving of from 20 to 40
minutes will be made in the journey, a very important
matter to industrious people, but of little consequence
CIo e idlerse n who spend their time in state barges and in
pig
Pageants.

:ONEY AND COMMERCIAL NE WS

CITY, TWELVE O'CLOCK
We have received New York Papers to the 20th July
From
, the paper of the 19th July, by the packet ship Cam.
nr'dge, we extract the following :
`aomparative Statement of Arrivals, Tonnage, and Pas.
aengers, at the Port of Quebec, to the 11th July inclu-
sive, for the years 1839 and 1839
Vessels. Tonnage. Passengers.
1839 - 555 ... 173,865 ... 4,987
1838 ••• 534 ... 171,907 ... 1,721
Store this year
21 1,958 3.266

The Philadelphia Correspondent of the Commercia,
Advertiser writes " That the Bank of the United States
has issued a circular, calling in 20 per cent. every 60 days
on stock and accommodation bills. This will have a bad
effect on stocks. Money and buyers are scarce—stocks
and sellers are exceedingly abundant.
LIVRRPOOL COTTON MARKET, WEDNESDAY.—WC have
bad a fair demand for Cotton to-day. The sales amount
to 5,000 bales, 700 of which have been taken for expos t,
and the remainder by the trade at full prices.
The failure of the Bank at Liverpool is not thought of
much importance in the city, it being to a small extent.
THE FUNDS.
Consols, which closed yesterday at 92/ sellers for tho
Account, opened this morning with rather an improvement,
and may be quoted 92/ if ; A.l..ney, 911 92 ; Exchequer
Big. 5 7; India Bonds, 15 17 ; Bank Sttiek, 186 187 ; India Stock, 251 i 2521.
-
In the Foreign market most of the prices are nominal as
Yet, Spanish Active, 194 i ; Portuguese, 301 ii ; Three
per Cents, 19 4 I;
Brazilian Colombian, 32/ i; Mexican, 281 29;
,
7st 794; Belgian, 103 A-; Dutch Two-aucl-a-
half per Cents, 542- 55 ; Five per Cents. 1031 i•
PRICES OF STOCKS THIS DAY AT ONE O'CLOCK.
Bank Stock.. ...... '. ........ . --
3 per Cent. Red ' .....
India Stock —
3 per Cent. - 4 Ditto Bonds pm.
. Cons. 92 27,i, 2, South Sea Stock lu2
4i 17' per Cent. ..... -- ......../... ---Old Annuities —
NDitto Red. 1009974 100 .4' too New Ditto
ew 3% per Cent ........994 3 per Cent. Annuities, 1751
ew 5 per Cent.
Rank Long Annuities toexpire ' Ditto 500
_l_! 7 P.l.
.Jan. 5, 1860. 14.7.465{ Ditto Smali lO 9 pm.
Oct. In, 1859 l4 5-16% Ditto Commercial — par.
Jan. 5, 1660 — Ditto Advertised 010.
Jan. 5, 1880 Bank Stock for Account ... 18654
APril 5 1880. --India Stock for Account ...
Jan. s, 1870 --Cousos for Account ....A.. .. 92
S. ttICES OF FOREIGN FUNDS THIS DAI AT ONE o-CLOch.
Han Bonds
Peruvian. Bonds
Ust
lalfitan Bonds
itto Account
ariaillan
I.lit Bonds
„to Account
"cLenev Ayres Bonds
Ditto Account
Ditt: Bonds
it
o.a rol Bondsonds,
i 52.2...
Dittof,,..P--:lunbiAaAnccccrloouunnndtts Ditto Account —
Ditto Metallic
-''llinbian Bonds 1894 Spanish Bonds
but. A . . .
Danish
. ccount Ditto Account.
—anish Bonds
Ditt
„ o Account Deft ned —'
Dit,, tt• liond;lBE% 4per cent. —f. --c•
to A u, -- ....... --- —e---,
---- 3 per cent. f. —c. 'l,- lean Zondnst 5 r Cant. _ ' —____ Exchange. —t —c.
uitto Accourit Pe
Dutch, 2!•6 per cent. 5434
Ditto, a
54 Tti
Ditto AC
Per Ceti .... ......
Ditto Account
-,itto Account

dz. per
I!fia74B, -titan. ..... .. ................. Ditto
•PRICES OF SHARES THIS DAY AT ONE O'CLOCK.
Paid. P Shale.
*teat
IhihtWeatern Railway Company 65 t9)4 (”.6
lopc'n Railyay
and Birmingham Railway Company ,441 141% 2 and Croydon Railway Company l4/.164. ed. U

HALF-PAST ONE.
tz,rne copy the following from the Boston papers received
ning unt
t—
dstoivvlTra-ra of THINGS tst. MISSISSIPPI.--" Every thing
hears the aspect of gloom in the Mississippi. The
oward tendency of the Cotton Market, the extreme
rnc scarcity of money, joined to the confused state of the cur-
eiY.
i makes our prospects for getting out of debt look
iga.:°lll in the extreme. Notwithstanding the recent
Re ssues of the Union Bank, amounting to nearly four
millions of dollars, the Cuurts are still crowded with suits.
I am
and of
frame id that the whole State will have to change hands,
beco the property of its creditors."
(Extract of a letter from Gambia, June 13.)
" The war at the Rio Nunez is still carried on among
the natives, and the trade is entirely stopped. African
produce is still very scarce, and high all over the coast.
Hides are bringing 12d. per lb. (none in the market),
Coffee 15 cents. per lb., Ivoiy 16 cents. to 1 dollar. The
slave trade is lessened consequence of the vigilance of
the British men-of-war."
The private letters from New York state that money
commands there from 1 to 1; per montb, and business very

Very little business has been done in the course of the
morning in British funds ; the speculators are waiting the
breaking up of the weekly meeting of the Bank Directors
as a report prevails they are going to issue a notice fixing
the price of the dead weight.
Some fear is entertained that the hail storm of last night
has done some damage to the corn, which will have an
effect on the corn market this morning.
Consols, at present, 924 Account ; Money 92. Exche-
qu!r 13116, 7 s; Sauk Stock, nothing done.
in the Foreign Market Spanish, 19k Money ; Portu-
guese l"r. 30; Three
79; Dutch
pcuents., ; Colombian,i
nothing doing; Brazilian,
Two-and-a- Ha fper
Cents., 54i; Five per Cents 103tch

Mr. Rice, we believe, is the only person in the House
of Commons who, after the exposures which took place in
the Committee on the Shannon Navigation Bill, would
have hesitated to abandon a measure so generally and so
justly condemned, not by one, but by all parties and sec-
tions of Parliament. The Bill, however, has passed the
House of Commons, and new clauses have been introduced,
the effect of which, to any one who will take the trouble of
reading them, is obviously no other than to increase the
patronage and powers of jobbing, with which the scheme
is already overloaded, by giving the Treasury and the
Commissioners discretionary privileges which the original
Bill did not confer. In any person but Mr. Spring Rice
this conduct would have surprised us. We must confess,
however, that the knots ledge we possess of that gentleman
does not admit of our being in the least snrpriscd at any-
thing he may choose to attempt to do during the time the
financial affairs of the country may still be doomed to remain
under his mismanagement.
Let us look for a moment at the case as it lies before us.
Whigs, Conservatives, and Radicals unite in condemning
and opposing it. The number of those who rose from be-
hind Mr. Spring Rice's back to criticise and censure the
undertaking, both on principle and detail, far exceeded
the number of those who sought to resist it from the Op-
position benches. Mr. Rice is reminded that he has had
now for a series of years a sinking revenue and an in-
creasing unfunded debt; he is warned, he is entreated, to
fling no more Exchequer bills upon the market, which is
sinking daily under the effects of the reckless issues he has
already made, he is properly warned of the fatal consequences
that must ensue from the wild improvidence of an Admi-
nistration which persists in adding to the public debt with-
out a prospect of lessening the growing demands for money
from every quarter of the empire; but it is in vain;
he knows that the crooked Administration, of which
he is a convenient instrument, depends for its exist-
ence upon lavish patronage and successful jabbing in Ire-
land; he has, moreover, a strong personal interest in the
passing of the measure, and lie pushes hardily on with
O'Connell for his backer. who, while the cunning Pun-
chinello in front smirks, juggles, and dissimulates, roars
out behind with the voice of a highwayman, Your money,
English ninnies ! More money, I tell you, or repeal !"
The personal part of this question, as it regards Mr.
Spring Rice, strikes us as bring peculiarly indecent.
We do not think there is an English gcrelernern in the
House who would consent, upon any terms, e: for any money
that could be offered, to become himself the propossr of a
Bill, foremost among the especial objects of which is the im-
provement of his own estate by means of the public motley.
No English gentiemun, we repeat, would commit an act
of that kind. How stands it, however, as ith Mr. Spring
Rice ? Stung, to) doubt, by the remarks which his con-
duct in this business has provoked out of doors, and feeling
the necessity of saying something upon a subject so gene-
rally canvassed, he confesses that his estate runs alone the
course of the proposed improvements in the Shannon for a
mile and a half or two miles, and that some thousands of
pounds, of the half million voted, are to be expended upon
piers and quays at Tarbert, which is also his private pro-
perty ! He protests, it is true, that the benefit about to
accrue to his own property weighs nothing with him—
credat Judwus—and pitifully adds, that he is to be
called upon to contribute 4,0001. to the works ! But what
an admission have we here ! What language is this
from the lips of a Cabinet Minister, whose peculiar pro-
vince it is to ensure a proper application of the public
money I Is it not a direct and positive appropriation to
his own uses of all the money above the 4,0001. already al-
luded to? Let the scheme be covered, glossed over, and
mystified as it may be; turn it and hoist it in every con-
ceivable manner and shape, it is no longer possible to con.
ceal or remove this most disgraceful' fact—that we have
here a Bill brought in by the Finance Minister
for spending the public money upon the improvement,
amongst other things, of his private property in the county
of Limerick And what a spectacle is this I—what an en-
couragement to political adventurers—what an ex-
ample to the rising horde of Irish statesmen, who in-
fest the Government offices as thickly arid coarsely
as gad-flies fasten upon garbage, each frothy pre-
tender, big with his untold acres of patrimonial bog, and
volumes of mortgage-deeds not worth the damaged parch-
ment, which is at once the record cf his necessities, and
the index to his patriotism—that patriotism which subsists
upon corruption, and if it has not the Exchequer to plunder,
expires of starvation !
The grossness of the job was minutely exposed by Mr.
Ellis, the Member for Newry, who went through the
various schemes it embraces with considerable ability, and
showed, by an unanswerable reference to facts, that the
costly machinery it will entail is not only quite unnecessary,
but directly subversive of the policy of other Acts of Parlia-
ment introduced by the very same sapient legislators. For
the Whigs instituted the present Board of Works in Ireland,
stating, as their reason for creating that establishment,
that it would be an advantage to the public service, and
economy to the resources of the nat on, if the various
Boards of Public Works in Ireland were consolidated.
This is the language of the Act I and 2 William IV.,
c. 33, passed in 1831, at the instance of Mr. S. Rice, and
which Mr. Ellis read from the preamble of the Bill to the
Right Hon. Gentleman. Now, two of the Commissioners
appointed under that Act, Sir J. Burgoyne and Mr. Ott-
ley, have been serving for the last two years as Shannon
Commissioners also, and, as their reports indicate, have ta-
kers part in the many inquiries which have been instituted,
and are perfectly well acquainted with the various works
which it is now proposed to execute; they may, in short, be
called their author. Looking, then, at the objects con-
templated by the Act of 1831, and the different reports
and plans of the Shannon Cunimissioners, with the sq; na-
tures " J. Burg()) ne" and " T. Brooke Ottley" appended,
there is, we venture to etliim, no fair-going ur disinterested
person in the country who would not say that the
present Board of Works in Dublin is precisely the
fit authority to superintend the execution of works
planned and determined by two out of the three Members
of which it is con,poscd. But to that, the obvious
and businesslike course of proceeding, there was this
objection in the eyes of Mr. Financier Rice—it
created no new places, and admitted of the exer-
ciso of no new patronage! It was, therefore, unscru-
pulously repudiated, and power is taken to appoint new
Commissioners, with the usual train of secretary, solicitor,
engineers, officers, servants ad libitum, for whom, more.
over, provision is to be made, not out of the large sum
already voted, but by an additional estimate annually.
Mr. Ellis. in our opinion, deserves the public thanks for
the information he has brought to bear upon this question,
and tlie discrimination with which he has sought to turn it
to account. The way with all jobbers is just that which it
is now attempted to play off in the Shannon scheme. They
set out web declaring that one found sum,which is generally
named, will answer every purpose; but at the same time
they open a small loophole, which is afterwards to be en-
larged as may be tuund expedient, until the actual expen-
diture is made to treble and quadruple the original estimate.
By this process, as the returns Mr. Ellis has the credit of
having produced prove, no less a sum than eight millions
eight hundred thousand pounds of' English money has been
expended on public works in Ireland; and what is there
to show for it? Ab'olutely nothing. The whole has
been squandered in the most flagrant political bribery.
The abject Member of Parliament, ready at all times
and ore all questions to move and vote at the nod and
beck of the Irish Government, obtains large sums for the
nominal improvement of the place he sits fur, and nume-
rous situations fen his cousins, friends, and supporters, un-
der the Boards and Commissions called info existence to
carry those improvements into effect. On the (Alit"- hand,
the place which returns a Member who occasionally pre-
sumes to think fur himself gets a diminished allowance
with great difficulty, while the Opposition Member receives
not a farthing. Let Galway, with its tens of thousands for
docks—Limerick, with its hundred thousand for bridges,
navigations, roads, and every conceivable object—let
Kerry and Tralee, with 130,00 N —bear witness to the
extent of this system of foul corruption : while Drogheda,
with far superior claims as to site, commerce, and security,
is refused moderate assistance ; and Belfast, decidedly the
first town in Ireland for wealth, enterprise and character,
cannot procure the small sum of 50,000/. to finish a railway
to Lisburn, approved by the Board of Works, and upon
which its merchants have already expended 130,0001.
Mr. Ellis, in his opposition to so obnoxious a measure,
had intended to divide the House on the third reading, but
Mr. Rice dexterously gave him the slip. So that the Bill
passed, and standsifor a second reading this evening in the
House of Lords, who, we trust, will repudiate the job.

RUSSIAN IMPERIAL BANK OF

COMME RCE.

Under our present difficulties with respect to the cur-
rency, all that passes among foreign nations connected
with that subject acquires an importance which it cuuld not
under other circumstances, possibly possess, and to collect
therefore everything of the kind which occurs must be, in
the end, a most useful public service. With this view arc
submitted, in addition to the modifications in the Russian
monetary system recently announced, the following ukase,
issued to the Directing Senate of St. Petersburg ti by the
Emperor :

"Upon the proposition of the Minister of Finance ex-
amined in the Imperial Council, we order as follows :—ln
order to increase the number of the representative signs
of money easy of transport, there shall be established,
commencing from the Ist of January, 1840, in the Impe-
rial Bank of Commerce, a particular bank (caisse) of de_
posit for silver monies, according to the following disposi-
tions:—

" 1. This bank shall receive in deposit whatever sums
of silver money may be offered.
"2. That the specie thus deposited shall remain un-
touched, and separate from the funds of the Bank of Com-
merce, under the responsibility of the said Bank, and
under the care of the especial Directors, chosen among
the members of council of credit establishments. This
specie shall not be employed for any other purpose than the
reimbursement of deposits.
"3. In exchange for sums deposited the Bank shall
deliver notes (billets) to be called " notes of the Deposit
Bank," and which shall be, until further order, of the

value of 3,5, 10, and 25 silver rubles ; it it shall be found
expedient, there may hereafter, after mature deliberation,
be emitted notes of 1, 50, and 100 silver rubies. " 4. These notes shall be prepared alter a specialdesign,
with the signatures of the Deputy-Governor of the Bank
of Commerce, of one Director, and the Cashier; and on
the reverse sha.l contain an extract from the regulations
concerning the deposits of nsetalic money. The Minister
of Finance shall
cause designs to be prepared fur these
notes, and transmit them afterwards to the Directing Senate,
iaandaltlhtebeF ienna mticaele
as well as to all the Ministers, the Boards of Direction,
Oreffinii teh
ces;Tahnegse buildings.edesinsshall be placarded
"5. The notes of the deposit batik shall circulate
tnito7B6:y ,
whetherad withofo
nt
dai
vgiidou,
4isn
throughout the empire the same, and qual .with silver
credit establishments, as reciprocally awithall
Pt?' the 'Car'o Crown and transit-
the
procall of the CG own and
credit establishments with itidi Y
viduals, and of the latter
between each other.
6. On presentation of the notes at the deposit bank,
the corresponding quantity of silver money shall bo delivered
to the bearer, without any deduction fur the exchange and
custody,

LLOYD'S SHIPPING.-(THIS DAY.)

DEAL, AUG, 7.—Wind W. S. W., squally.—Arrived the
Warrior, Douthwaite, from Ceylon; Highbury, Falconer,
Grenada ; Eden, West Indies.

PORISNiOUTH, AUG. 7. Wind W. to N.W.

LtvEaroot, AuG._7.—Wind N. W., fresh.—Arrived the

Matthew Plummer from Pernambuco ; Advertture, Maran.
ham ; Memphis, Nichols, New York, sailed 18th ult. ;
Cambridge, Barnsley, Do., sailed 19th ult. ; Palmyra,
Custin, New Orleans; Swanton, S.vanton, Do. ; Senator,
Me, Do. ; Herald, Adam, Do. ; Alibosh, Chase,
L'harleston ; Ellen, Cobb, Mesborough ; Admiral Ben-
how, Quebec. Off port, Miss Bliss, from New Orleans ;
Virginia,, Do.

PLYMOUTH, Aucusr 7.—Wind S.W. by W.—Arrived
the Courier, from Stettin.
FAL MOU'l 11, AUGUST 6. Wind W. S. W. to S. W.,
fresh.—Arrived the Harriet, Pepper, from Terceira; Per-
sian, Fisher, Odessa. Sailed, the Governor Reed, Mason,
for Bermuda.

SCILLY, AUGUST 3.—Sailed the Rose, Richards, for
Gibraltar. Off port, the Fortune, Peterson, Pernambuco.
BRISTOL, AUGUST 7.—Arrived, the Hibernia, Fowler,
from Quebec; Indemnity, ditto. Sailed, the Lotus, Samp-
son, for Quebec ; Lunt, Byes, Richebucto.
MARGATE, AUGUST 7.—Off port, the Heiress, Randell,
from Stettin, with cargo shifted.
COWES, AuGusr 7.—Arrived the Julius and Edward,
from Batavia ; Mary Ann, Bahia ; John Lawson, Ray-
mond, ditto.
GLOUCESTER, AUGUST 6 —Arrived the Buchanan,
Bowen, from Alirarnichi ; Thomas Wood, Cooper, Odessa.
NEWPORT, AUGUST 7.—Arrlve.l the Elizabeth, Town.
send, from Prince Ethkard's Island.
CARDIFF, AUGUST s.—Arrived the Ann and EM.TIA,
Gray, from Miramichi.
MARYPORT. AUGUST 6.—Arrived the Frederick, Fan-
shaw, from Memel.
TEIGNMOUTII, AUGUST 7.--Arrived the Hope, Symons,
Mhamiehi.

BRUSSELS, AUG. 4.—Their Majesties thc King
and Queen arrived at Mons this morning. The King pro-
ceeded immediatey to Murimons, and the Queen to Laeken,
where she was expected to dinner.
STOPPAGE OF A BANK AT LIVERPOOL,—
LivERPooL, TuEsoAv.—Considerable excitement has pre-
vailed here throughout the day in consequence of the an-
nouncement of the stoppage of the Phoenix (Joint-stock)
Bank. This bank originated in Liverpool at the time of
the failure of the Northern and Central, and the projectors
of it considered that, by its establishment, they might
secure the connec. ion of the Northern and Central in this
town. The paid-up capital, however, was only about
80,0004, and that amongst about 150 shareholders, and it
is reported that the Phcenix Bank has made more bad debts
than the amount of its paid- up capital. In consequence
of the failure of this bank large quantities of hank stuck
have been thrown upon this market ; and, in many in-
stances, the shares are offering at great reduction in prices.
This event, coupled with the late restrictive operations of
the Bank of England, will cause difficulty amongst the
trading population of Liverpool.
THE NEWCASTLE CIIARTISTS.—In addition
to the true bille found by the Grand Jury against Bron-
terre O'Brien, James Ayre, Thomas Devyr, William Tho-
mason, and Juhn Mason, which we announced last week,
ti ey subsequently found bills against John Bell, the fore=
man of the Northern Liberator printing.office, for prin-
ting a libellous handbill ; and against Mr. Robert Blakey,
the proprietor of the Northern Liberator, for a libel pub.
lished in that Paper. The parties have all put in bail to
answer the charges at the next assizes, with the exception
of Mr. O'Brien, who is in a distant part of the country.
The Chartists appear quite chap-fallen at the determina-
tion of the authorities and the inhabitants, and there is no
',doubt but many of them. will now settle down into rational
and reasonable men.--Tyne Mercury.
The officers of the Animal's Friend Society last
week caused Wm. Merriavel to be fined los., by Mr. Je-
remy, for having cruelly kicked a truck dog ; and W. and
R. Owen and Joseph Putter also to be fined, the first 405.,
the second 35., and the third 145., by Mr. Traill, for having
cruelly beaten an ass. They were all committed to prison
for fourteen days in default of payment.
The proprietors of the Great Western steamer,
it is said, will shortly commence to atild a vessel Wilhelm
will astonish the whole world. She is to be made of iron,
and will be about two thousand tons ! with engines of a .
thousand horse power.