The Sun.
London, England, 1837-11-21 00:00:00

PORTUGUESE BONDS.

TO THE EDITOR OF THE SUN.
Sir,--The period of the dividends on the Portuguese
Five per Cent. Bonds becoming due (Ist proximo), is ,
rapidly approaching, and the holders, of course, are eat!.
rally alarmed at the prospect of " no effects" staring tiler_
in the face. Rumours are seemingly afloat, of a desire on too
part of the Portuguese Government, to attempt to PIPo
up their credit by an issue of paper, instead of money,
„I.
payment of the dividend warrants, viz., debentures,
.v
promises to pay the dividends at a future period, with fa
terest. The holders of Spanish Bonds having recently hat
experience of the inefficiency of that seeming to do, but no
doing, kind of stop•gap, it behoves the Portuguese ere;
ditors to be on their guard, against being deceived by mite
a puerile, unnecessary, and troublesome attempt to 108"
nothing appear something, as would be the result of e%ci
changing one piece of paper, viz., the original diviclen„,,
warrant, for another piece of paper, 'yclept, Treasuu
Bond, to say nothing of the additional expenses of gen,
and paper wasted in the exchange ; all of which, of courSe
must be borne by the Portuguese Government, and eon'
sequently increase their liabilities. The simplest mode that
suggests itself would seem to be, that all Governments 11:1;
able to ply the dividends on their bonds when due, should
promulgate a decree that they will be paid as soon as means
are raised, and that the dividend warrants shall carry.iv
terest at five per cent., from the time of their becoming
due, until the time of payment, which would allow thl
holders to keep possession of their original paper for
paid, and avoid the expensive hocus pocus of exchangink• it TT
ether paper—not more valid, if even so much so. The Stc'er:
Exchange, would also do well to imitate the part;
Bourse, as regards their determination about the Spin"g
Bonds, viz., to recognize no dealings in Bonds unless 911
the unpaid dividend Coupons be annexed thereunto.
I am, Sir, your obedient servant,
London, Nov. 8. J. C.

SPORTIN G INTELLIGENCE.

TATTERSALL' S-YESTRAIDA r.

THE DERBY.
The Room was better attended than for the last eight or tisa,
days, and business, without being either heavy or interesting, _
be
sutfieiently definite to admit of a quotation on the Derby. 7,(1
only movement worth alluding to was on the cobweb colt, reP°ri;
last week to be amiss, but now ascertained to be in regular
t few,
12 to 1 taken about him. The following were the " salec
noticed in the course of the afternoon :-
9 to 1 agst Mr. J. Day's D'EgTille—taken
12 to 1 agst Lord Jersey's Cobweb colt
IS to 1 agst Mr. E. Peel's The Early Bird—taken are°
20 to 1 agst Sir J. Mills's Volunteer—taken, and afterVi
offered
20 to 1 agst Lord Exeter's Marinella colt—ditto
40 to I agst Mr. A. Smith's Cracker—ditto
40 to 1 agst Captain Berkeley's Bullion—take 50 to 1

The Hippodrome Races and Steeple Chases take place '9'
Thursday and Saturday next. There will be coursing on FridaY*

MANCHESTER.—FiIsAr Ercwro.

.rreter's colt by Sultan, brother to Cactus, and _ for
Pees lon, by Cain, have each drawn the most marked favourod
some days. At 20 to the Sultan colt would be backed to a
amount ; and lon is strong in the market at from 18 to 20 e the
Mr. Day's horse remains leader, at 9to I. The following at
average prices :-
9 to I agst Mr. J. Day's D'Egville—offered
11 to 1 agst Lord Jersey's Cobweb colt—offered
16 to 1 agst Mr. E. Peel's The Early Bird—taken
16 to 1 agst Mr. Bowes's Grey Momus
16 to 1 agst Mr. Coombes's Cobham
17 to 1 agst Mr. Armitage's eolt, out of Nonplus's dam
18 to 1 agst Colonel Peel's lon—take 20 freely
22 to 1 agst Mr. Bland's Young Rowton
22 to 1 agst Sir J. Mills's Volunteer
25 to 1 agst Lord Chesterfield's Bamboo
40 to 1 agst Osprey—take 50 freely
THE OAKS.
10 to 1 agst Lord Jersey's Sister to Glencoe
9 to I agst Mr. E. Peel's Ninny
10 to 1 on the field, bar these two—offered

Lord E:

THE DERBY.

Colonel

COURSING.
THE LIVERPOOL (WATERLOO) CLUB.
The Subscriptions for the great prizes to be run for at, the
meeting have filled. Amongst the subscribers are some °A
most influential members of the Wiltshire and Scotch Clubs.

We regret to hear that it is the intention of Sir Rowland 9;
after this present Hunt Meeting, to give up his Fox Hounds' et,'
finds his health will not allow him to be with them, and the an
sioA
consequent on his not being able to do so, has obliged bun II)
reluctantly to take this step.

ANGLO-INDIA Ns—The popular author of ya
lage Reminiscences" is about to present to us a novel viOcl' r
will describe the career of the returned East Indians, under
the title of " The Nabob's Wife." When the vicissitude
and the strange adventures which frequently befal those v".O
10
.
seek their fortunes in the " Golden East," are considereclni,
more fertile theme for the novelist can be desired. NVb i
sere
moreover, portraits of distinguished living characters
added, we may reasonably expect from the clever pen of
tbts
author a novel at once original and interesting.

--------
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