The Sun.
London, England, 1837-07-20 00:00:00

PRICES OF SPECIE.

Offered. Asked.
American gold
Sovereigns
Spanish dollars
Mexican dollars
Five-franc pieces

Spanish doubloons lBk ...
Patriot 17.20 .....
Napoleons
Am. half dollars
The latest intelligence from New Orleans in these
journals is to the 23d ult. Prices had declined, and
there was a total stagnation of business. There was
little or no demand for cotton ; and so serious were
the apprehensions of the Executive, that in one week
seven hundred and eighty trading citizens were com•
pelled to give security that they would be forthcoming
in December to discharge the Custom-house bonds due
by them. To allay the fermentation of the public mind
the President of the New Orleans City Bank had, on
the 16th, addressed a public notice to the stockholders
acquainting them with the real state of that institu-
tion. The losses at that time sustained, or which it
was probable the Bank would sustain, in con-
sequence of the suspension of specie payments,
would not together amount to half the surplus fund.
The Bank, therefore, was quite able, without any de-
triment, to pay the regular half-yearly dividend upon
its stock in September, and would do so were it not re-
stricted by a clause in the charter, forbidding the pay-
ment of dividends during any period of suspension of
cash payments. The Directors, however, confidently
relied upon the wisdom of the Legislature, and the in-
telligence of the community ; pledging themselves that
if both were fairly excited in behalf of the credit of
the Establishment, it would forthwith redeem all
its engagements. The other Banks were preparing
to follow the example thus set them, by can-
didly submitting the state of their affairs to the in-
spection of the shareholders and the public. Seven-
eighths of them are reported solvent, and with a help-
ing hand from the Government, they will all be able to
maintain their ground.
There is an unusual dearth of political news in the
New York papers. A public meeting of the citizens
was held at the Masonic Hall on the- 28th ult., the
object of which was to recommend Mr. DANIEL
WEBSTER to be put in nomination for the dignity of
President of the United States, on the termination of
VAN BUREN'S official career. This is " live, horse,
and you will get oats," with a vengeance.
The latest accounts from Texas are important. The
Texian Congress has passed several Acts, one of
which, entitled " An Act to raise a Revenue by Im-
port Duties," to come into operation on,the lit instant,
threatens to have an injurious effect upon foreign trade.
We copy its leading restrictive provisions :
" That there shall be and is hereby imposed, assessed, and
levied upon all articles which may be imported into the repub-
lic the following duties, &c.:—
" Upon all wines and spirituous and malt liquors an-ad
valorem duty upon invoice cost of 45 per cent. Upon all
silk goods and all manufactures cf every description made of
silk, an ad valorem duty of 50 per cent. Upon all sugar and
coffee 2; per cent. Upon teas 25 per cent. Upon bread
stuffs, 1 percent. Upon Iron and castings, 10 per cent. Upon
all coarse clothing, coarse shillings, coarse shoes and brogans,
blankets, kerseys, satinettes, and cloths formed of a mixture
of cotton and wool, 10 per cent. Upon all other goods, wares,
and merchandise not specially enumerated, an ad valorem duty
of 25 per cent. upon the invoice cost.
" That there shall be assessed, levied and collected upon all
vessels of the burden of 10 ton and upwards, arriving in any.
port of Tuxiis from a foreign part the sum of 25 cents per ton
Against such restrictions as these it is the duty of
the duty of the United States Government strongly to
remonstrate. England cannot do less without entirely
losing sight of the commercial principles upon which
she professes to act.
Congress has authorized the Texian President

to appoint Commissioners to settle the boundary be-
tween the United States and the Republic, and like-
wise send a Minister Plenipotentiary to the Court of
London. The President had named to the latter ap-
pointment General HENDERSON, who was preparing
to sail for England, when the latest news from Texas
reached New Orleans.

The following extracts, from New Orleans Papers
to the 23d ult., include all the latest intelligence from
Mexico :

The New Orleans Bee contains the message of President
Bustamente to the Congress of Mexico entire. The finances
of the country appear to be in a miserable condition ; but the
new President is trying to place them on a more favourable
footing. Spain and the Pope have fully acknowledged the
independence of Mexico. The paragraph in the message re-
lating to the United States, correctly translated, reads thus :
" In the flattering perspective which I have traced of foreign
relations, I have the mortification to except the conduct held
by the Government of the United States. Nevertheless, the
law which authorizes the Mexican Government to act on the
claims of that Cabinet and to take the proper measure for the
safety of the nation, in case it should not condescend to grant
the satisfaction to which we have a right on our own part, in-
duces me to hope, not without good grounds, that our relations
with the neighbouring republic will be restored."
" Concerning the internal situation of the nation, the Pre-
sident says—

" Although good order and peace prevail -throughout al-
most the whole extent of the Republic, it is painful for me to
except the departments of Texas and California, and a small
part of that of San Luiz. The Government is unceasingly em-
ployed in directing measures calculated to insure success to
the Mexican arms, and to restore to the Republic its most re-
mote limits in the territory of Texas.' "
Several valuable gold and silver mines have been discovered
in Chihuahau, of which information has been given to the Go-
vernment.

The Journal of Merida states that the capture of the brig
Emilio was made by the Tom Toby, under the American flag,
which was afterwards displaced for the Texian flag.
An insurrection had broken out among the soldiers of the
active battalion of Chilapa; the causes are not mentioned.
Several of the officers were imprisoned by the insurgents, and
an Adjutant-major shot. Order had been restored, and two
of the ringleaders executed.

The French papers bring advices from Madrid to

the 12th inst. The capital was tranquil, and the
Ministers were reported to have acquired new
strength by the late attempt of the Opposition to oust
them. Want of provisions had compelled Don CAR-
LOS to evacuate Cantavieja. Under the convenient
plea of ornamenting the Royal Chapel, and of pre-
serving the sacred ornaments from profanation, the
Carlists have begun to strip the Churches of their
plate, and all the rich vestments found in them. This
scheme will not succeed with the priests. They at
least will not be made the dupes of so shallow an artifice.
General ESCALERA has beet appointed Comman-
der-in-Chief of the Army of the North. ESPARTERO
commands the Army of the Centre, and has established
his head-quarters at Guadalajara, whither he removed
from Espeja on the sth instant. General JARREGUY
(El Pastor) is second in command under ESCALERA,
and is charged with the protection of the Basques.
According to a current rumour the QUEEN'S Generals
are at last on the point of performing some act of
prowess that will astonish Europe. We hope such is
the case ; though, to confess the truth, we have our
doubts upon the subject.

The Paris Papers of Tuesday have been duly re-
ceived. The Moniteur contains the following official
news from Spain :
,6 NARBONNE, JULY 17, Half-past Six, P.M.
" CARCASSONNE, JULY 17, A.M.
" To the Minister of War.
" Berge capitulated on the 12th for want of provisions ; the
garrison, consisting of 220 soldiers and 400 National Guards,
laid down their arms ; they are not prisoners ; 2,000 muskets,
two four-pounders, and 1,000 cartridges, fell into the hands of
the enemy. " General CASTELLA NE."
The Moniteur likewise contains a copy of the
Treaty between France and ABD-EL-KADER, a
translation of which will be found in another part of
The Sun. Upon the importance of its articles, poli-
tical and commercial, or upon the soundness of the
policy that dictated such a proceeding, we do not con-
sider ourselves called upon to offer any immediate
opinion.

The French Papers continue to denounce the tyran-
nical conduct of the King of HANOVER. The ten
dency of their arguments is to prove that the KING
has justified his deposition, by the people of Hanover.
The Minister of the Interior and the Director of
the French Post-office have conjointly ordered the erec-
tion of sign-posts at the entrance of every village, town,
and city in France, with the name of the place and its