The Sun.
London, England, 1839-08-31 00:00:00

PACHA in sending sifir to sca. his ll;gfintss
kiddy admitted, to watch the Illoremellis of i lie
Turkish fleet ; that his squadron would consist of
eight ships of the line, five heavy frigates, and some
corvettes and brigs. He added, that if the Turk is
fleet appeared off the coast, he would put himself
on b.,ard his Admiral's ship, promising to bring all
the SULTAN'S ships into Alexandria, with the ex
ception of those sunk in action. The Consul
endeavoured to dissuade the PACHA from such a
proceeding, and stated that if he was really bent
on securing his independence, his proper course
was by means of diffusing civilization among his
people, to which the PACHA assented; observing,
that his unnatural position obliged him to oppress
his subjects by keeping up large armies. That was
on the 12th of July, and on the 17th the PACHA
informed the British and Russian Consuls that,
having considered all they had communicated to
him, he could not desist from his purpose. That
lie had toiled for fifty-two years, and had besides his
own family a thousand adopted children, for
whose welfare he was bound to provide.
That their safety and his own future fame, alike
required that what he had done should not perish
with him. He had but to lift up his hand and
Roumelia, Anatolia, and all Turkey would be up
in arms to support him, but that nevertheless lie
would do nothing before teceiving the final answer
of the Great Powers. He had likewise hopes that
the Capitan Pacha, whom he then expected
from Constantinople, would be the bearer of
propositions from the Porte, which would
lead to an amicable atrangement. The last
of these communications is a despatch from
Colonel CAMPBELL to Lord PALMERTpN,
in which it is stated that the British Consul re-
ceived, and communicated the ultimatum of his
Government to MEHENIET ALI, and that his
Highness wished to have a copy of it that he might
reflect upon it. He subsequently stated that his
determination was unchanged, except that to satisfy
the Great Powers he would accept of the Sove-
reignty being made hereditary in his family. As
he said nothing about the tribute, the Consul at
once put the question of its payment, when
he observed that he regarded it as a sacred
debt, and would pay it. He stated likewise
that during the interval before the arrival of the
Capitan Pacha he would visit the gold mines of
Sennaar,.and act wholly on the defensive, till such
a course could no longer be followed with safety.
He complained of the intrigues carried on against
him in Syria by the Porte, and gave Colonel
CAMPBELL a copy of a note addressed by the
Pacha of Bagdad to a chief of the Druses, inciting
him in the name of the SULTAN to persist in
fighting against IVIEHENtET ALI, and in apprising
him, the Pacha of Bagdad, of the state of the
country. And finally, the PACHA declared that he
would persist in his project, and trust to the justice
of the Great Powers for its accomplishment.
Such is the substance of the communications
with MEHEMET ALI, just laid before Parliament ;
and on a calm review of them we are less sanguine
than we ever were of the prospect of a pacific set-
tlement of the differences between himself and the
l'orte. So correct a calculation of his own past
success as is here exhibited, cannot fail to confirm
the impressions of a mind equally supported by a
consciousness of vast ability, and an implicit re-
liance on the predictions of fanatical enthusiasts.
Besides, one of the main characteristics of MEHE-
MET ALI is inflexibility. The man who at seventy
boasts that he was never induced, either by threats
or entreaties, to change a purpose once deliberately
formed, and that he never failed in the successful
accomplishment of any which he had set his heart
upon, is not likely to be pievented by mere threats
from attempting the realization of his darling ambi-
tion, of being recognised as the founder of a king-
dom, and first of a Royal dynasty.

The highly important intelligence from the
theatre of war in Spain, which appeared in The
Sun of Thursday, relative to the occupation of
DtJRANGO by General ESPARTERO is confirmed.
The following are the telegraphic despatches re-
ceived by the French Government, and published
in the official columns of the Moniteur of
Thursday:—

" Bayonne, Aug. 27, Afternoon.
" THE CHIEF OF THE NAVAL SERVICE TO THE MINISTER

OF MARINE.

" They write to me from Passages, Durango and one
half Biscay are in the power of the Christinos. Espar-
tero is at Durango. Don Carlos and Alaroto with 25
battalions and ten squadrons have taken up a position at
Campozara cl Gueta, cutting the line from Bergara to
Elorio."

" Bayonne, Aug. 28.
" THE GENERAL COMMANDING THE 20TH MILITARY DIVISION
TO THE MINISTER OF WAR.

EVENING EDITION.

for the S iuth Sea. The Lavoigier (ste.imiT), which came
to Toulon for the use of ids R,yal Highness the Duke of
ChiNins, wid leave this port on Tuesday next for Port
V,Jidre: in order t, take the Prince on board and convey
him to Algiers His Royal Highuess's suite is very nume-
rous, and five of the grooms have already left with a por-
tion of the equipages on board the Cerberus, lately fitted
out fur the African ser,i3e. The ship L'Alger is still in
dock.

Toe permanent engagement of sailors is still carried on
viith more activity than ever. his even in contemplation
to call oa those who had been lately discharged, and re-
tain those whose term of service had expired. The cap-
tain of merchantmen will be allowed take on board a
greater number of foreign sailors in the pi,Ace of the na-
tional seamen.

GRANVILLR, AUG. 25. Like all the other sea. worts, we
suffered cruelly by the irresolution of the Minis try with
respect to the sugar question ; a great number ,vf our
shipowners thought to reduce, by one-half, the numbc r of
vessels employed in the Great Fisheries, and such of (fur
supplies as are laid on during the summer w< re likewise
diminished by one half.
You may therefore judge with what joy the news of the
reduction of the duty was received here, after it had been
so long promised. hi the evening the town was generally
illuminated. The effect of the law is already felt. Work-
men have been employed night and day in order to launch
tomorrow the ship Olivier, which has been ready for
some months. The number of workmen employed on a
ship of 300 tons burden, which has been long building, is
doubled, and two shipowners have just given orders for the
building of two ships of 400 tons each.
A letter from 11.1aubuge informs us that the harvest this
year is very good, and that it is favoured by the finest
weather.—Le Commerce.

FAILURES AND BANKRUPTCIES IN FRANCS.—It appears
from an account to the Tribunal of Commerce at Paris,
by M. Michel, on assuming the chair of the President
that the number of bankruptcies declared in the
capital between the Ist of July, 1838, and the
Ist of July, 1839, has been 788, a greater num-
ber than in any preceding year. The amount of debts
was 65,147,725 f. classed as follows :—.124 not exceeding
10,000 f. each, 160 under 20,000 f.. 340 under 60,069 f..
81 under 100,0001., 77 under 200,0001.. 22 under 300,0001.
22 under 500,0001., 12 of from 500,000 to 1,000,0001., 2 of
from 1,200,0001. to 1,300,0001., 3 of from 2,000,000 f. to
2,300,0001., 1 of 3,400,0001., and 54 of whom the amount
is not yet ascertained. Iu 1830 the number of-failures
was 616, the debts of which were 67 millions. In 1831
the number was 698, and the amount of debts 52 millions.
The number of bsnkruptcies in the year, July 1838 to
July 1839, as compared with the number of persons in
trade in Paris, has been as 2 out of 100. In former years
the average from 1820 downwards was only 1 per cent.—
this year it has been 2. The amount of dividends re-
ceived by the creditors on the year, from July 1838 to 1839
was on an average 15 prr cent. The number of persona
in trade in Paris and the Bauliene, is 37,000- It would
appear from the bankruptcies between July 1838 and July
1839, the proceedings of which have been closed, and
which are 496 in number, that the whole amount of the
capital with which they commenced business was only
3,000,000 f., or, on an average, only 6,000 f. each.
BO URSE.—Pmas, THURSDAY, Atm. 29.
llrst Highest Lowest

Last

.......
Price Piice. Price Price
French 5 per Cents l:2 70 ... 112 73 ... 112 70 ... 112 10
3 per Cents BO 35 ... SO 90 ... F 0 85 ... 81,20
Bank of r ranee 2795 ...2793 —2790 ...2790
Laffitte Baiik Liloof. Sh lO6O ...1060 ...IWO ...IWO
5,000 f. Sh 52211 ...52'20 ...5221 ...5220
Belgian Bank ;75 ... 7Th ... 775 ... 775
C mpons
Spanish Ac ire
Passive 44,, ... 4 ... 4 ... 4
Portuguese 3 per Cents
Nea Miran
Roman lll.:iy, ... 102% ... 102% ... lin%
HALLWAY SH A 11E8.
St. Germain
Versailles, 11. B lBO ... 185 ... 180 ... 185
LB. a%) ... 335 ... 3.3) ... :,32 0
1-lavr,
Str,i,burg to Bale 305 ... 310 ... 3 5 ... 310
%lulhausen to 1 hann... .... 360 ..„ 360 ... 360 ... 3'ill
Montpellier to Cette 385 ... 355 ... 35 ... 385

MONEY AND COMMERCIAL NEWS

CITY, TWELVE O'CLOCK.
LIVERPOOL COTTON MARKET, THURSDAY.—There has
not been so good a demand the last few days, consequently
a partial decline of about id. per lb., on the price of Ame-
rican descriptious, from fair downwards, has been conceded.
whilst the upper qualities have remained steady ; all long
staple is again dearer, say full id. per lb., particularly
Parnams, few being now to be had under lOd. In Surat
no alteration to notice.

Exporters have taken 2,500 bales of American ; 1,000
Surat, 300 Pernams, :50 Maranhams ; and speculators,
1,500 bales American. A moderate business doing. To-
day's sales 3,000 to 4,000 bales.
DUBLIN, Auu. 29.—The Julia arrived to-day from St.
John's ; saw d steamer, supposed by the Master to be the
Liverpool, on the 12th inst., in lat. 45 N., long. 50 W. at
6 r. M. fine weather and calm, and was going fast through
the water.

Rio Janeiro papers have been received to the 13th July.
Exchange on London, 31}; Stocks, 77i to 78:—
By the arrival of the steamer Todos os Santos, we have
received intelligence from Pernambuco to the 9tb, and
from Bahia to the 27th, tranquillity prevailed at both
places, but at neither had any accounts been received from
Maranham. From Rio Grande our information received
to the 10th ult., but doe s not communicate anything of
interest, if we except the arrival of the new President and
his companion, the Commander-in-Chief.
COFFEIL-1n consequence of the dealers having given
way in price at different times during the mouth sales were
affected to some extent, and may he estimated at not less
than 40,000. The supplies of the new crop were not con-
siderable, but if the weather continues to be fine they will
soon become so. What has hitherto come to market
came principally from the low country, and owing to the
drought which prevailed in December and January, gene-
rally of small bean, but we understand that such will not
be the case with what arrives from the upper country. The
Stock on the market at the close of the month was about
14,000 bags.

SUGAR.II-The business done in the art;cle was, as usual
at the season of the year, very limited, and did not exceed
600 cases of cameos, and terras R 2,900, M. 1,900, 250
cases of Bahias.

We have received Mauritius papers with the Price Cur-
rent, to the 14th of May. Exchange on London-13111s,
30 drys' sight, Three per Cent. prem. ; Mauritius Batik
Bills, 90 days' sight, none ; Private Bills, 90 days' sight,
Two-and-a- Half prem.

TIIE FUNDS.

The exportations of the precious metals have considerably
decreased during the past week, and by the official returns
from the 22d to the 28th inst. the exports of gol3, in coin,
amount, to only 830 ounces, and in bars, 200 ounces ; of
,iiver, in coin, 1,095 ounces, and in bars, 899 ounces.
No mato' ial alteration took place yesterday afternoon in
the Foreign Exchange, and the business was on a limited
scale.

The settling of the Foreign Account yesterday passed
off rrvire favourably than was anticipated, as we du not re-
collect, since the great panic, that our monetary and com-
mercial affairs have been in so critical a state as within
these few days past, still there is hopes that it will be of
short duration.

The chief speculation this morning is in Spanish Active,
which improved at one period to 222- I—closed at 214
since which they are not quite so good, and may be quoted
22i I. This rise is owing to the favourable accounts re-
celitA from Spain, with the general expectation that Don
Carlos will be ob!igcd to leave that unfortunate country
for France.

Consols, which closed at 91i 1- for the 15th of October,
opened this morning heavy at 91i i; Money, 90g- 1;
Exchequer Bille, 11 13; Bank Stock, 184 185 ; India
Stock, 247 249.
In the Foreign Market prices are nominal, with the excep-
tion of Spanish, Portuguese maintains the price of
291 301 ; Brazilian, 771 784 ; Colombian, 31 32/-;
Mexican, 281 ; Dutch Two-and-a- Half per Cents., 54i ;
Five per Cents., 1034
PRICES OF STOCKS THIS

DAY AT DYE O'CLOCK.

Bank Stock
-- India Stock
3 p .i• Cent. lied 0' % P 077 I : Ditto Bonds — pm.
3 per Cent. Cons. 901011%% South Sea Stock —
Pi per Cent Annuities —
Ihtto Red. 04%1 ‘ii i New Ditto
New 3;4 per Cent PS 734 % , 3 per Cent. Annuities. 1751 -
New 5 per Cent.
Bank Long Annuities toexpire Ditto 500 .... 12 P pm.
Jan. 5, IWO 141 i, 5-16 3-16 j Ditto Small 2O ... 12 pm.
Oct. 10, 1859....... ........... ' Ditto Commercial — par
Jan. 5, 1860 — Ditto Advertised ..... pm.
Jan. 5, 1880 — Bank Stock for Account ...
April 5, 1880, — India Stock for Account ... --
Jan. 5. 1870 — Consos for Account 01%4%
PRICES OF FOREIGN FUNDS THIS DAY AT ONE O'CLOCK
Austrian Bonds — Peruvian Bonds

Belgian Bonds
Ditto Account
Drazilian Bonds
78 Ditto New Bonds
Ditto Account
_ Ditto Acc•unt ......... 1y,,, 5,4
Buenos A +fres Bonds ......
_ Ditto, 19 0
1..;
Ditto Al ..ount
•„„ 19 Is
Chilian Bon. 1
Ditto Accost, t
Columbian Bonds --; Ditto Account... ......... .•
Ditto Account — Ditto Metallic —
Columbian Bonds, 1824 3',1,4 2, Spanish Bonds . ...... „,„ 22%4
Ditto Account
Danish Bonds
Ditto Account — , Def.Tred
Greek Bonds — ' French, 5 pet cent. ...... —l. —c.
Ditto Bonds, 1825 — ---- 4 per cent. -1. —c.
Ditto Account
—1 ------ 3 pee cent.
Mexican Bonds, 5 per Cent. , --- Exchange.
Ditto Account
—i Dutch, !2.% per cent 5 .1-i : X Ditto, 6 per Cent -.., Ditto Account .54
Ditto Account
Neapolitan 2B Ditto, 5 per cent
Ditto Account.... 1.13%
PRICES OF SHARES THIS DAY AT ONE O'CLOCK.

Great Western Railway Company Paid
65
Brighton Railway
British North American Bank
Provincial Batik of Ireland

Per Share.
34! 4
7% 7
24%
4$

HALF PAST ONE.
DISCOUNTS AT Rll JANEIRO.—Money, which early in
the month was rather plentiful, became, subsequently, much
scarcer, and although first-rate bills were generally done at
7to 7 per cent., a higher rate of discount was in some
instances submitted tn. The Treasury contracted a further
issue of hills, namely, 700 contos at 6 per cent., and I. per
cent, brokerage; discounting also about 66 contos of
Custom House notes, and 200 contos with the Commercial
Bank, at 6} per cent. The Bank raised its rates of dis-
count last week to 7 per cent. for Treasury paper, and 8
per cent. for mercantile bills.

We bear that the private information received by the
Flaniburgh mail, in respect to the monetary affairs in that
city, is of an unfavourable nature. Discounts have risen
to 61 and 7 per cent., which has caused a kind of panic
among the commercial community, and fears are enter-
tained that numerous failures will take place crc long.
Some sales of Consols have been made by the Government
broker, but not to a great extent.
Consols may be quoted at present 9l LI for the account,
money
Exchequer Bill: have receded, 10, 11, 5 ; k
Bank "toe—,
nothing dove; India Stock, 247 k; Spanish Active 22i;
Portuguese 292- ; Columbian 31i- ; Brazilian 78; Dutch
Tao-and-a.ha!l per Cents 54; Five per Cents 1031. All
the foreign Stocks are lower than in t he morning.