The Sun.
London, England, 1837-05-29 00:00:00

THE FUNDS.-(THIS DAY.)

CITY, 7'II'ALVE O'CLOCK.
We have this morning received the New Yo. k Daily
Express, of the :3d of May, from which we copy the fol-
lowing :-
6' CITY NEWS, TUESDAY.—The packet ship Hibernia
has arrived to-day. having sailed from Liverpool on the 2lst
of April. Great anxiety was manifested to learn the state
of things. The Cotton Market had improved a little. gp!,
again receded ; so that, on the whole, prices have left ell
much as they were by the last packet. None of the largd
bankers had stopped, and the Bank of England was Wort,"
ing assistance to American houses. There was great dila!
tress at Liverpool, and it was stated that a deputation hail
been sent to London to obtain aid. All accounts agree
that the English houses were waiting with great anxiety for
large remittances from America. Private letters from Lon-
don advise us that the bills of three large drawers in Phi"
ladelphia had been noted for non-acceptance, as one of 1;116
drawers bad since failed. Their bills, no doubt, will
come back.

" This has been another gloomy day in Wail-street,
Stocks are lower than on yesterday, and lower than they
have been any day as yet. Failures continue ; one of 6a
most respectable and expensive brokers went down to-day''
and another extensive importing house in Pearl-street--
one of the partners of which has been a Director in the
Bank of America from its foundation. If houses like these,
that are, and have been, for the last twenty years in high
credit, and which have still the means of Bank facilities 10
sustain them, fall, it is not extraordinary that smaller ones
should stop.

" The failure of Arthur Tappan has created mush
sation in his large circle of friends, and among all others
whose attention has been directed towards him, on accouPt
of the peculiarity of his position in the country tl°
house has assets of more than half a million over and above
all their liabilities ; it also had the best of securities to
offer, but it was in vain.

" The mail having failed from New Orleans, w.e
nothing from the emporium of the South West. '('he con;
m ercial news from Boston, Portland, and all New Englan
is far from being cheering. From all parts of the cantle
we hear the most bitter complaints of the impossibility °1
negotiating drafts on the South and South West, even wbru
the money is wanting for the drawer. There appears to DP
no way of getting funds except in specie, or investment
of produce."
We have received Montreal papers to the 29th ItPrii:
and Quebec to the 25th April, from which we extract the
following- : _

" The ice bridge on the St. Laurence at Point levi
and at Corouge holds firm, notwithstanding the spring tideci
A large part of it has, however, given way at Sillery,
0,l an„
has moved opposite the town. The nights continue fr
and the days fine. About a third of the fields arc roil
bare ; but the snow still lies two or three feet deep alod
the fences. The making of maple sugar has been 111°18
successful this season."

The New York Evening Post says Much 11°
been said in the papers of a recent visit to Washington 111.
the President of the Bank of the United States, and it 10;
been suggested that this visit might possibly have had for
its object some consultation with the Treasury, and *lO
,
the Executive, upon the present distressed state of 00
commercial community. Under these circumstances 1/0
feel it to be a duty to ascertain, in an authentic waY, the
facts of the case ; and the result of our enquiries has affordedt
us very little satisfaction as to the disposition of the governot
to aid the community in these moments of extreme diwb
culty. We understand that Mr. Biddle being at Was,
ington on other business, took occasion to call on the Pee'.,.
dent to pay his respects, and to afford the President an °P./
portunity to speak of the state of things, and to confer,.l
he saw fit, with the head of the largest Banking-house 11z
the country. During the interview, however, the Pre,'"
dent remained profoundly silent upon the great and jot?
resting topic of the day ; and, as Mr. Biddle did o°,
think it his business to introduce them, not a word in relatioll
to them was said."
Cape of Good Hope papers received to the 30th eir
March state that the revenue derived from the Customs 7,
the Cape was much greater fifteen years ago than it has. flees
since 1833. According to the accounts furnished to the
Commissioners of Inquiry, the gross revenue derived from
the Customs in all the ports of the colony averaged dant"'
the years 1821, 1822, and 1823, 23,1991. sterling per sr
num ; in 1834, the gross revenue was 14,3941. 7s. 11
and, in 1335, it was 17,5151. 3s. 11f d. This fallined,
was occasioned by the reduction of duty on British g°°
from 3f to 3 per cent. ; and on all goods, being the proutlT,
tion or manufacture of any of the possessions of the Britt/
Crown abroad from 2 to 3 per cent.

THE FUNDS.
The news received this day of the most importance r
that from the United States, which in respect to coil
cial affairs is as gloomy as ever. Failure upon failure ;
money to be obtained ; and not the least prospect of gc.,
ting relief from the Government—in fact there is no tel.glin6
when this great disaster will end. It also appears that 1:
Biddle's visit to the President at Washinfton has failed
Exchange 10 to 12.

Consols, which left off on Saturday at 914 4 for Aeecult:
opened this morning at the same price.,; Money, 904 n
Exchequer Bills, 35 37 prem. ; India Bonds,
35 37 preps'' Stock, 2054 2064 ; India Stock, 2594 2604.
In the Foreign Market little doing. Spanish Active ltdoff at 234 4, opened at 23} s ; Passive, 54 G ; Deferred
84 9 ; Portuguese, -174 ; Three per Cents., 294 ; Dut
Two-and-a-Half per Cents., 534 4.
The accounts from Lisbon are not of a favourable Pv-
ture ; another attempt of a revolution was made, but it wall
of a weak description, consequently it failed. The forcer
tion of a new Ministry seems to be a very difficult task.
HALF-PA 87' oxa
Hobart Town papers to the 21st January are recuio'i
this day. His Excellency Sir John Franklin has been heurrioi
occupied during the last five days in inspecting the seve4
public offices, in order to become particularly acquaiolt%
with the details of his administration. His Excelleno7,
visited nearly every office, and has been pleased to
his general approbation of their respective arrangenter3;;
In the course of a few days his Excellency will set out
his tour of the island.
Letters from St. Sebastian to the 22d inst. state that
two steamers are to take on board 780 prisoners taken
Hernani and Fontarabia to proceed with them to currenea
A million of rations have been sent to Gallicia to be lontihe
at St. Sebastian for the army. It was expected that 001 t7O
22d inst. the Christinos would march on Tolosa, which "
been abandoned by all its inhabitants. The Carlist 1001;
which defends the passage only consists of eight buttaliePo
and five companies. General Espartero has issued t'IA
Proclamations to the Carlist army from his head-quarter"-
Hernani, of the date the 19th.
According to the information received from the frnoitierl-•
of Spain, we find that the Carlist expedition has nriauen.
pause in its movements, owing, no doubt, to the prennotiP
ary movements which General Irribarren has made by tak
previous possession of Tudela ; also a strong corps hati:o,
vanced from Saragossa, and took possession of Hues
Therefore, bad the Carlists advanced on Saragossa, Ibef1bef
1.4,
would have been outflanked, and at the same time had
barren's division in their front.
Consols, which continued during the morning steadY4
914 I for Account, may be quoted at present 914- buYert
91 for Money—no business of consequence doing in etcher
the Markets. Exchequer Bills 35 37 ; India Bonds 35 8'31;
Bank Stock 206 ; India Stock 2604..
In the Foreign :Market Spanish Active 244 with the
pons, without 234; Portuguese 47 ; Three per Cent'. 29
Dutch Two -a -Half per ents. 531.
A Hambro' and
Mail has arrived of the date of the '26th insof;
Metall. 1031, Rik Actions, 1,361. It does not bring s
political news.
All is tranquil in the City to the present hour ; we n°t belt
of any failures.
advanced London and Birmingham Railway ',hares have
day from 127 to 142 per share.
THREE 0' CL -() CL
Consols far the Account, 914

The ship --
William Metcalfe, Captain PhilliPs° la?
from London, with emigrants, arrived safe at Hobart Town
the 24th of January, in 100 days from the Downs. bas
Mr. Bovdell, of Dee Cottage, near. Chester'
invented a locomotive engine, which, when fixed to hylie
e
rf
waggons, &c., will propel them on common roads at *,the
rapid rate. It was exhibited on Tuesday, and elicited
strongest approbation from many scientific and practical.'"
who witnessed the trial, and minutely examined the mac.•lp
It is applicable to ploughs, x hick it propels witli„ great- '
and velocity.—Chester Courant.
Miss Hallam, the daughter of the late Dr. 1181/8111bao,:,
Dean of Bristol, and sister to the historian of that name"
through the medium of Admiral Sir H. BayntuN I*6Booolo*.
offered- to the Bath town council a magnificent librarY of., irkor
on condition that they will provide a chamber for their
tion.—Bath Chronicle,
Peter raider'
During the thunder storm on Saturday Pe- , oak
a labourer, of Ashton, who had taken shelter undeas eir-;
tree, was struck dead by the lightning. his a curtest
ec lOW
cumstanco that a miniature representation of the oak
burned on his breast. —North Wales Chronicle. ijapitot
lastT)e.enar !haouliskaendsumpoisunds were voted by Pare, ash°
year for the erection (If Sotacafteamusoensgintlhaergese tongs w-r
scot.
year
It is not I.,dted, we believe ; but, tactically, bind. We have btou requested to enquire, whether
limited to schools in connection with the Establishecte_,;eo part-
;i; at the disposal of parties under that influence:
__lney,q,
the gr
that certain brit hie have received a portion of thtsorcoaticf:
it has boon twortioned under direction of the Taih this));
4po not among the number who are our liberal
fusion as at present applicablo, and wish our liberal
__erceatis!
tives would obtain an ecoount of its appropriation. Sew
tives
Pilot.
We are sorry to say, trade still remains in:
same depressed state.—Leicester Mercury.