The Sun.
London, England, 1839-10-12 00:00:00

HAMBURG MAIL.

HANOVER, OCT. 2.—W; have already stated the
Board of Magistrates resolved to petition his Majesty
by the medium of a deputation, to reinstate the Director
Ruhman, and not to ask for a special audience for this
Deputation, but to tette advantage of the usual levee on
Wednesday. Conformably to the regulations due notice
was given on the preceding day both of the Deputation
and its object. His Majesty, however, immediately
caused an intimation to be given that he did not mean
to receive a Deputation of the Board of Magistrates,
and that if they had any petition to prefer it must be in
writing. Accordingly a petition of the Magistrates in
writing for the reinstatement of M. Ruhman was pre-
sented to his Majesty yesterday (Tuesday) evening.
To-day the Magistrates of this city have presented a
petition for the dissolution of the present prorogued As-,
sembly of the Estates, and the organization of a new
one. As the reason for this petition they allege the
elections made by a minority as depriving the Assembly
of the confidence of this country, which is absolutely
necessary, in order to come to a satisfactory result.
Having stated their views at considerable length, and
expressed their confident hope that his Majesty will gra-
dously attend to their wishes, they conclude as follows :
" In this firm hope we venture most humbly to petition
—That your Majesty may be graciously pleased to
order the dissolution of the present Assembly of the
Estates, and order the speedy convention of a new one,
for the purpose of an agreement respecting the constitu
tions of the kingdom, and to which Deputies otherwise
duly qualified shall be admitted, who may have hitherto
questioned the legality of the present Assembly.
" To this humble petition we add the solemn assu-
rance that should it be graciously granted, we will no
longer decline to elect a Deputy to such an Assembly,
but will, on the contrary, endeavour to choose a repre-
sentativ e who shall add to the number of those who will
devote the same serious attention to the rights of the
Crown, and those of the Estates, and who t,-

POST.—The chief point to be noticed to-day,
(Friday,) in connection with the Money Market, is the
very decided improvement which has taken place in the
Continental exchanges. Three months' bills on Paris
were in some cases scarcely obtainable at 25f. 65c. on
Tuesday, while this afternoon the drawers were glad to
do business at (to them) the less favourable rate of 25f.
67i-c., and some amount was sold even at 251. 70c.
Amsterdam paper was negotiated at 12 4-1- to ia Ham-
burg 13 10i- to 4, Frankfort 1501, and Antwerp at
12 3:} to 4. The Bill market was altogether in a more
satisfactory state than it has been for many months past.
We may add, that the Bank are now getting gold pretty
freely from the Continent, but more especially from
Paris ; the remittance ofsovereigns from that city being
at the present exchange, found much more advantageous
to the parties remitting than bills at short dates.
We understand that Mr. Jaudon's notes will be 'at
18 and 30 months' date, and not for the longer period
stated.
The new Brazilian agency scheme, to which we called
attention yesterday, is introduced to the public under
the auspices of Mr. Lyon Goldsmid. That gentleman
is a Director of the Imperial Brazilian Mining Associa-
tion, and as he is, from all accounts, in the enjoyment
of immense wealth, derived from the numerous loan
transactions in which he has been so extensive a parti-
cipator during the last twenty or thirty years, it may be
reasonably asked why, if he thinks well of the resources
and general condition of Brazil, he does not himself
assume the agency of the Government which Messrs.
Samuel and Phillips have been induced to relinquish ?
These agencies are in ordinary cases considered desirable
things to lay hold of. The pickings to be obtained out of
them in one shape and another, afford in the aggregate
an income that enables the capitalist to whom they are
entrusted to live upon a magnificence that rivals the
splendour of a Court. How, then, are we to account
for the extraordinary instance of self-denial just exhi-
bited by Mr. Goldsmid in the case of the Brazil affair,
otherwise than upon the principle that there is some-
thing unsound at head-quarters, and that it is con-
sidered better to secure a present benefit than to await
the contingent gains of a remoter period? Were the
Treasury at Rio Janeiro in so so flourishing a state as
could be desired, for the sake of the bondholders, we
will venture to say that Mr. Goldsmid would not have
been the man to recommend that the agency of the Go-
vernment should take for the future the novel, and we
must add, very questionable form of a company.
The circumstance of calling for public contribu-
tions in aid of the empire is alone sufficient to
prove the financial weakness of the Exchequer. The
'act dividend but one was paid, it may be recollected,
out of the bondholders' own pockets, a new loan of
315,0001. being raised for this and other purposes.
How the last half-year was got over we do not know,
but the struggle must, we should conceive, have bee❑
a severe one. The pressure is doubtless still sensibly
felt in certain quarters, and already some apprehension
may be supposed to be entertained for the next, and
hence the timely provision about to be made for it.
150,0001. more is to be got between this and the 15th
of January. That sum will about cover the payment
due on the 31st of April, and the arrangement is alto-
gether one which tells its own story to admiration. We
hope the public will have the good sense to reject
the bait held out to them. The Brazilian empire has
for some time past been a prey to civil discord. Rio
Grande, Maranbam, Bahia, and other of its finest
provinces, attest this fact. Spain and Portugal and all
their colonies betray the same absence of civilization.
They were so many hotbeds of insurrection, and the
stability of any financial compact with countries so cir-
cumstanced is not of course to be depended upon from
one hour to another. Our capitalists are too apt to be
dazzled by the attractions of a high rate of interest, and
their cupidity has but too often led them into the error
of throwing away the substance in grasping after the
shadow. In the year 1836 Mr. Isaac Lyon Goldsmid
issued Treasury bonds, or Exchequer bills, in behalf of
the Spanish Government, for the first lapsed
dividend on the Active Debt. Those bonds were
backed by the solemn decrees of Queen Christina
and the Cortes. They became due in six and twelve
months' time. Yet, to the shame of all the parties
concerned, here they are in the hands of the de-
frauded holders, unpaid up to the present moment. The
bonds in question were run up to a high price in the
market, owing to advertisements which were put into
the papers, to the effect that they would absolutely be
paid off at a given period ; and additional ruin was
therefore inflicted upon those who, relying on the
pledges given respecting them, were induced to pur-
chase the bonds as a means of retrieving a portion of
their-losses by the stock. The plan was adopted by
many, and many were totally ruined in consequence.
It will be allowed that it behoves Mr. Goldsmid, as
the sponsor of these bills, to insist upon the immediate
redemption of the sacred pledges by which they were
guaranteed, and to postpone the execution of his notable
Brazilian loan job until that praiseworthy object shall
have been completely effected. The amount of these
obligations, including the interest due upon them, can-
not greatly exceed a quarter of a million sterlin

_ IDIES.--From the current reports in the City, and
Arom statements in the papers, which have been repeated,
by the way, for three or four days in succession, it
would appear that Mr. Jaudon's arrangements with the
capitalists who have interfered to support him are all
finally settled. Nothing, in ordinary cases, makes one
more inclined to doubt a fact than the too frequent
affirmation of it, and we are not inclined, therefore, to
speak positively in this instance, especially as the bare
settlement is all we are permitted to know, unac-
companied by any details whatever. It was stated
on. Wednesday, under this head, as a rumour to
which general belief attached in the City, that a
sum of 800,0001. was to be placed at the disposal
of Mr. Jaudon, for which bonds payble at three
years' date were to be issued, and certain American
state stocks assigned as collateral security. To-day
something to the same effect is repeated, with this
difference, that the sum to be advanced is 600,0001.,
instead of 800,0001. No hint can be picked up of the
way in which this money is to improve the condition
of the United States Bank, or the specific purpose to
which it is to be applied. If it is merely to cover, as
some suppose, the mercantile acceptances of the
the good to be accomplished will be very trifling.
The public must be content with what is permitted
to be known, and will naturally look to the result
with no great confidence, so long as this reserve is
maintained.
Some of the merchants connected with the China
trade have had an interview with Lord Palmerston on
the situation of affairs at Canton, respecting which the
following has been made known :
LONDON EAST INDIA AND CHINA ASSOCIATION.
Cowper's-court, Corn-hill, ct. 11.
At an interview between Messrs. Larpent,O Crawford,
and Smith, and Lord Palmerston, on Thursday, the 10th
of October, his Lordship made the following communica-
tion :
By despatches received from Mmiral Maitland, dated
July last, in the Bay of Bengal, it appeared that in conse-
quence of the accounts received from China, of the trans-
actions there. the Admiral had sent the Volage frigate, of
28 guns, to Macao, for the protection of British interests,
but that he had thought it better not to go there in the
\Vellesley,74, until he should know what course the Govern-
ment,ip England intended to pursue; at the same time, 'tid-
ing, he should hold himself in readiness to go, if subsequent
accounts should lead him to think that his presence i -hr