The Sun.
London, England, 1853-02-26 00:00:00

THE SPIRIT OF THE TURF,

BREACH OF CONTRACT WITH A CABIN PASSENFIR.--
AShevrieffrys' Cimouprtor
damages for a breach of contract in the conveyance of
case
his wife, and family from Australia to London.
plaintiff,
a and
dansws
as tesrl il eadn
Gurney.
aetyesterdayion
tot
wasin
recovert
thehe
The damages were laid at 501. From the evidence ad-
lnags t
at t
Ah ete di
aeifde
en, deaonnt ~
tracted to convey the plaintiff, his wife, and family to
dwhoseuced,
vessel,
sare the
ereAd
Asia,
itah, that
London as cuddy passengers, supplying them with pro-
aisn thenjun ley i
failed, inasmuch as there was a deficiency of water and
ivni siooonns,s i 1
ecr.
a,
toi
of
nt oh fiarsptaqyurnaelintty,omf eld3iocla.l
Hcomforts,e,hew e&vecr.:
medical comforts, there was no milk, an, insufficient
supply of bread and preserved tin meats, and other
comforts and luxuries to which first-class passengers
were entitled, the result being that plaintiff and his
family suffered severely, and one of the children, from
want of medical comforts, contracted scurvy, and was
not yet recovered. Captain Roskell and the cuddy ser-
vant gave testimony that the passengers were amply
supplied, except when interrupted by stormy weather ;
the passage had been very tempestuous, and the sheep,
pigs, and other stores provided forilie passengers' use
were washed overboard, and could xtot be replenished
until the vessel had reacheirßahia. His Honou'r con-
sidered defendant had not fulfilled his contract. Verdict
for plaintiff. Damages, 301.
A DIGGINif ALkeniNE.—Mr. Samuelson, of Banbury,
has recently produced and patented
a, new machinefo
digging. It is simple in construction, goes deeper than
the plough by several inches, covering :from two to three
times its breadth, and reducing the laud to a tilth equal
to several ploughings and harrowings—i n fact, to trench-
ing. It is equally effective for break log up land for
railway and. other public works.

. • wr_
- 404104,•?":
c§n4A,
*11145,14-i-Dio,oo.ak, I.PJ

LONDON, SATURDAY, FEBRUARY 26, 1853.

The apprehensions entertained, when the ap-
pointment of Sir CHARLES WOOD as President of
the India Board was first gazetted, will speedily
be verified. Unequivocal indications were last
night afforded that the " do-nothing" policy
would be adopted with respect to the administra-
tion of the Government of our Eastern Empire.
So far as the Government is concerned, it would
appear as if the existing abuses were to be perpe-
tuated, or that the alterations will be of such an
infinitesimal character as to be worse than useless.
The malign influence of the Ministerial Marplot is
thus perceptible. In fact, there was no office
in the Cabinet (except that of Chancellor of the
Exchequer) to which his nomination would have
been so objectionable. - The go-called Charter of
the East India Company was rapidly approaching
to its termination. It was essential that some
decided amelioration should be introduced—an
amelioration calculated to remove the well-founded
complaints of those who have so long been smart-
ing under the maladministration and misgovern-
ment of the company's officers--who objected to
juvenile judges, and boy collectors—parties we
cannot call them " men"—who, fresh from Halley-
' bury, and without a particle of experience--with-
out knowledge either of the vernacular or of the
primary principles of law—are pitchforked into situ-
ations for which they possess no single qualification.
Was Sir CHARLES WOOD,. in whom, perhaps, the
pis inertice is more strongly developed than in any
other person that could be mentioned, the man to
be selected under such circumstances ? Could any
nomination have taken place more likely to dis-
gust and alienate the minds of our Hindu
fellow-subjects, nearly 160,000,000 of hu-
man beings—one-sixth of the population
of the entire globe ? There will be •no
difficulty in framing a suitable response to this in-
terrogatory. It requires but little argument to
sustain the opinion. There will be a general
concurrence on the point. The Right Honour-
able Baronet is however in. He forms a leading
feature in the Joint-Stock Administration.
It is, therefore, only the more essential
that the greater zeal and energy
should
be exhibited in other quarters to stimulate the
Anglo-Indian, " Kink Loa," into something like
action, or, at least, to provide a suitable substi-
tute to discharge the duties of the well-paid
official,

From what fell from the First Lord of the
Treasury last night, in answer to the temperate
and able statement with which Lord ELLEN-
BOROUGH introduced the impor tan t petition from
the members of the Madras Native Association
and other native inhabitants of Madras Presi-
dency, it is manifest that everything in the shape
of inquiry is to be ignored, and that the ridicu-
lous farce now enacted is to be repeated for an
indefinite period, with but little, if any,
change. The Noble Earl declared that
it was the intention of Government, after
much consideration, to . propose a measure on
the subject during the present Session, and that
he would, " without the slightest reserve what-
ever, reject the proposal to have a continuing Act
for one or two years." This might have suffi-
ciently indicated the decision that had been ar-
rived at ; but, as if to make assurance doubly
sure, he also stated that " the contemplated
measure, although embracing modifications of the
Indian Government both in this country and in
India, would be founded on the system now exist-
ing." It is, therefore, but too palpable that ,the
Honourable Board of Directors are to be con-
tinued in the exercise of their anomalous func-
tions ; that the patronage of the Eastern Empire
is still to be vested in the twenty-four elderly gen-
tlemen who nominally administer the government
of India, but who really are cyphers in the hands
of the real Autocrat of Hindostan—the President
of the Board of Control—who, although he allows
no real power to the body, is yet willing to use it
as a twenty-fourfold shield to cover his own pecca-
diloes whenever an occasion should arise for such
cover.

But, as if to remove any doubt or hesitation
that might exist after hearing the speech of the
astute and veteran leader, his youthful and fiery
colleague, the Duke of ARGYLL, rushed to the
rescue. His Grace, who, with commendable
industry, had perused the lengthy statement of
existing grievances, commented on the terms in

which it was couched, in language that unques-
tionably betrayed the Ministerial spirit. If Lord
NORTH could be resuscitated, and a new petition
were presented from the North American depend-
encies before they had ventured on a declaration
of independence, greater indignation could 11°
have been exhibited at the impertinence--the
audacity that induced_ persons smarting under
serious grievances, to eipress their feeling's in
strong and unmistakeable language. They should
have appeared as serfs—

"With bated breath, and deep humility,"
to represent not their " complaints." What right
had they to complain of anything sanctioned by
the collective wisdom—but their modest requests
that the matters put forward should be investi-
gated, and that no irretrievable step should be
taken until the result of that stringent inquiry
should be ascertained. LEGREB himself was n°,
more astounded at Uncle Tones absurd idea, that
he was not a slave, in soul as well as in body'
,
than the Noble Duke at the tone and manner 01
the petitioners. They dared to use such expres"
sions as the following
Your petitioners submit that it is the bounden duty
of the State, which reduces them to their miserable COir
dition, and keeps them in it from charter to charter, to
spend a far larger portion of the revenues upon the ire'
provement of the country whence they are derived thal!
it does at present. It can find money to carry on wrs
for self-aggrandisement, to allow immoderate salaries 1"
its civil service, to pension off the whole of its members
on five hundred pounds a year each, and to pay inters:
ten per cen to the proprietors of East India Stt,
—all from the labour of the ryot •; and when be
quires roads by which he might find the means of better,
ing his condition, and that of the revenue, he is told the'
he must make them for himself."
This is one of the three selections from a vexry
long document, consisting of forty-one closely
printed octavo pages, and when this is put for'
ward as a specimen of the boldness and audacity
that renders their memorial unworthy of
we can easily conceive the spirit of virtuous boa:
nation that actuated the Duke in his protest
against its reception.
a
Another point is their objection to support ,
couple of State Establishments for the proles'
sore of a foreign creed." This, with their lure
reasonable and ridiculous application that
establishment 'sat Haileybury should .be abolished'
or rather that " the educational institutions, re.
quisite for training persons for Government 0144
might be established and maintained in Indikl:
that the money derived from the revenues of ti
country by which they are supported, may'est''
spent within it," was characterised as " the to
monstrous request ever addressed to a British
Parliament." It is necessary, then, for the friends
of India to be up and doing.
It is clear that the Government measure
have to be resisted. Let all, then, ","
love Equity and Justice, who desire t.°.
we should administer the affairs of our (9rl;
ental Empire with a mild and benefice%
rule, look to the petition of the Madras Natiis
Association (which has been referred to the selet
rw,
committee on the affairs of India), and see holg,'lr ,30
the statements therein contained warrant wt
demand for further inquiry, and a postponera° f
of any permanent legislation until the result °
that inquiry be ascertained.

Embroiled as the 'Viennese Government /17,
recently become with the Government of Constant
tinople, it is essential that amongst ourselves, a
te
least, there should be no misapprehension wil a
bete
ever as to the real origin of the quarrel bete 0..
the KAISER and the SULTAN-CALIPH-1310re asP,
cially seeing that the contention referred to ceo
of
stitutes a new and very formidable source
les
anxiety to the rulers of Christendom. It bell°
every conscientious Journalist to submit the ora
truth in this important question to the call* 1110
deliberate, and conscientious judgment of Jo
British population. Such, moreover, we cconc:o
should be done at the very earliest opp ortnn.iyti
and with the utmost possible degree of luelw,
and explicitness. Fortunately it no lenger,,,,e'-
mains to be averred that the people of tuoB
islands are at all times required in Pruci •er7o
to' keep a watchful eye upon the relaboo o
maintained between the various countries of
European Continent. The day has long ft];
passed by when it was deemed rational only for eiP"
community to restrict attention to whatever °II:
cerned its internal welfare, leaving the out,
dated system of foreign affairs to its official cog Tit
dians, the diplomatists. Historians have tally
us the lamentable consequences flowing from ve-t
habitual negligence on the part of the intelll/0
multitude. Among-the latest illustrations w
was the atrocious war which for twenty-two 37:00
deluged the eastern hemisphere in blood, and
le
this nation an- immense increase of its alre-
0001'
enormous debt—that increase of 500,000, isif
sterling, of which we have within the last eof
weeks been so very forcibly reminded by
the most gifted of the popular repretble
Lives, as he is also one of the most reratu.;ii
of living pamphleteers. No rePes
lOW
there, happily, does not remain no t,4
any necessity for explaining that the inhabit
of a free State, like the United Kingdom/ 115
pro'
direct and peculiar interest in observing tlientiei,
gress of events" beyond the waters of the Cha•rog
supposing even that those events are tranBP/ eta
(as in the present instance) in one of the reali'
corners of the Continent, The fact has beie, ad'
to
milted by our statesmen. It has come at 'es,o4
be universally appreciated. England P°,a,osi'
advantages, no doubt, in her geographical ll'oet
tion, advantages insulating her from direct,lster
with the rest of the civilised peoples of Cilrn. so
dom— but the circumstance of her the
island does not exonerate ler inhabitants frcinosi
duty of scrutinising whatever occurrences Heal
take place of a purely external or internaorot
character. How far the community iu, its
Britain has already contrived to apprOla hoe
responsibilities in this 15articular, notigli'
been. lately enabled to recognise clearlY the
from the extraordinary interest shown 'fa'
humbler and less educated classes in tb°
Or
ntlY
ments of distant, and until very re° OW'
them) but vaguely comprehended naticorida
That a better understanding should be sP o 0
up amongst us, as to the inalienable rigor nw
Whit
immediate neighbours, the French,
could alone have been reasonably anticipated' se pho
was inevitable that the descendants of til°00,1"
were deluded towards the close of the lot c a
by the rhetorical rant of Mr. BunKE, 3hon
fiuite
derstand at length that the French have "6.toverlr
much right to select their own form Of per
ment as we had to select ours, and sil°•„„,ticssl
ceive, in spite of prejudices and Prevaiibers
the honesty and manliness of tb°s° t for
arguments which have been lately Polling le;
ease rev
ward in the exquisitely logical r
as vae it
Mr. COBDEN. But, while all this was bile
• ted, if it IF,
what might have been expec
was in a manner, so to speak, inevitable:l3oe'
encouraging, it was exhilarating, it was every:l:
justifying the pride and admiration 0 00
triotic observer when weremarked the oath
CO
with which the industrial masses of our ° 1033-0
nity participated in the hopes and feara_tal
than one of those far-removed contino'li"tiol IYof
who, in 1848-49, were struggling for P d eon°, of
provements, for social ameliorations, aLli
them even for the highest boon of net
national independence 1 Yes--we ~..e 1)00 -
readily forget the manner in which the
tha, 1
tor•eg
population of England displayed au 01 t° :
ofl
ous period so much anxiety in rerthevlsl
dreams of Italian Unity, in regard tow the
of Hungarian Freedom, in regard the orgl
pirations of the sons of Germany f°rFatherl9llol
nisation of a grand and homogeneensthe peoPlethe
Yes—we remember with joy how, ociety
United
these islands, the humbler ranks °I selling o'iied
the opthey vrittoP,es
Kingdom, exulted in
Congress of imperial Frankfort--bow . fortuP itt
tua'ng
with breathless solicitude the flue
efir
ALI3O .a
of the heroic and patriotic CABLO- reel/ Oa"
they followed with a profound and.scaef tll°,,selt
able admiration the dauntless arm. 'es •ons et
lel flce
Austrian__ 'l'o2,p
toe,
gyars as they drove the
(paralysing their strength by )90;_eg
victories gained in rapid succession) we es,
zin to the walls of Vienna. Yes •llnatil 01
startling 1
in recollection yet more _ ,00,0
f. 0 P.-
How they execrated the treason of Lir.t
es
barbarl 1
they loathed the unnatural

Ittu ! How they crowded into the streets of
London, of Birmingham, and of Southampton,
/nen) women, and children, the artizan
from his workshop, the tradesman from his
counter, the clerk from his desk, the
'weaver from
,his loom, the peasant from his
Plough to give the unbought ovation of their
homage to KOSSUTH, and to say that they had
Caught even a momentary glimpse of the Liberator
of the Rungarians. Remembering this, we cannot
doubt for an instant but that this same commu-
nity will regard with interest the occurrences,
110. w transpiring in the neighbourhood of the dis-
tant province of Montenegro, occurrences which
taay ultimately lead, in regard to Turkey, to a
war of extermination, or at any rate of dismem-
berment.

„ Our foregoing observations sufficiently indicate
luat we count upon the attention of the British
People being just now sedulously directed to the
,„.events which are taking place in relation to the
Montenegrins. Those events we conceive to be in
eery respect of a most momentous character—and
those events, moreover, we feel assured are at this
moment deplorably misapprehended by the
Kin•
gdom,
of the impartial spectators in the United
-n-mgdoin, It is pretended that the contest
recently commenced in that quarter of Europe is
a. contest of which Turkey was the originator—
that, in fact, the Osmanlis were throughout the
aggressors, and that the SULTAN has the respon-
aihilitY of provoking retaliation freni the Monte-
ilegrins. It is insisted that the motives for all
these insensate acts on the part of the Ottoman
Porte has -been that of hatred to Christianity—
thel hatred of the Mahometans to Christianity.
15°4 this plea the troops of the Austrian Ex-
-1,!Molt have been sent forward to the aid of the
People of Montenegro the Croatians have
_blustered in immense numbers to assist their
brethren on the other side of the Herzegovina—
the„ auxiliary forces have been martialled under
the standards of their redoubtable Ban, the for-
noidable and enterprising JELLACHICH. Never,
leve believe, have a few simple facts been more
iFegieusly misrepresented. Now, recollect, in
first place, that a Prince Bishop of the Greek
tuillireh—the VLADIKA—is the ruler of the Mon-
enens ! There is a clue to the secret of a
ce'aim- fanaticism. Recollect, in the second place,
that Austria is the mere instrument, the creature,
the h°ndslave of the Russian Autocrat—who has
ng been yearning for some pretext to interfere by.
„re of arms with the Government of Constantino-
;!There is a guide to the secret ambition for
he
which the whole warlike enterprise has emanated.
listria, bear in mind, has been reduced to the
lie
„eeseity of implicitly obeying the imperial Coun-
cil at St. Petersburgh ever since she called in
"Pair for the subjugation of Hungary by the
i.°BBacks under PASKEWITOEL Recollect, in the
_ild place, that the Government of Vienna has
never forgiven ABDUL-MEDJID for bravely stand-
inge between it and its intended victims, the heroic
leaders of the MAGYAR movement—the brave
Lung Sultan having. at that period virtually de-
theli might of Northern despotism to violate
hills frontiers for the gratification of a dastardly and
linlan vengeance! Austria never forgave this mag-
eagcent temerity ; and therefore it is that she is so
eigier, or at least so very willing,to abet the designs
re her actual master, the Autocrat, by aiding the
iogi°lls fanaticism and local animosities of the
h
apitallts of Montenegro. This is the true
situation. Examine history, and it will corrobo-
rat° all our assertions. It will declare that the
0:11 t,enegrins, and not the Turks, have through-
” ill their often-renewed hostilities, been the
"s°rs• It will reveal the truth, that the re-
• Lie hatred, if there be any in the matter, is
hatred of the Christians towards Mahe-
ba°
Chetallilsni, and not of the Mahometans towards
e lis;anin tY. It will show that the cruelties
farree':°lo throughout this disgraceful war-
e% e ti,`44'o been, in the first instance, cruelties
sat Part Part of the Montenegrins--cruelties
ticn. ,1 eliciting from the Turks a fearful retalia-
of :o es---this, we assert, is the exact position
war '
airs in that quarter. The odium of the
•Ls due to the KAISER and not to the SULTAN
and it is due to the KAISER, because he is
rejoiced
to gratify his own vengeance in the very
set of pleasing his Imperial Lord the Autocrat,
bi carrying out his ulterior designs for the occu-
Pation of Constantinople.
They talk about the Ottoman Porte being so
4r
behind in the march of modern civilisation.
"on't believe them ! Recollect the very circum-
Stances to which we have only just made refer-
ence, and answer
ABDUL-MEDJID has not re-
lealed a high degree of enlightenment by more than
eue act of very touching and splendid magma-
tiraity Did be not, we repeat, save KOSSUTH
''.(31)11 the blood-thirsty wrath of Austro-Russian
despotism? Did he not throw his Royal robe
protectingly over all the companions of the
lingarian Liberator 7 More than this,
Ras , ,
it not ABDUL-MEDJID, the young Sultan of
fo keY, who shed new glory on his reputation
tor Inunificence by swelling the funds transmitted
down
Ireland, when her children were stricken
by famine ? Did he not add a new gem to
his diadem by that noble and beautiful tribute to
a foreign poet—a patriot as well as a bard, a hero
as Zell as an author—when he bestowed with his
D 4 and princely hand an estate upon ALPHONSE
c‘ l'AmAirribrE Don't talk to us about the.
(.:‘'ttelinall Porte being behind in the march o
vilisation ! Let its noble deeds be compared
f
Atli those (if they can be found) of the Viennese
fo•
ment
! Let the young KAISER emulate the
g SULTAN, and then, if you will, bring them
k''° contrast, and inStitute a direct comparison.
Icieanwhile, things being situated as they are—
th rlreY being the assailed, and its foes, of course,
et.Lactual aggressors—Austria gratifying her own
ty while serving .the purposes of her Lord
the 411`pnut, the Autocrat—we would urge upon
Rar,People of England not to be deceived in re-
be:a' to the real merits of the quarrel, but to
pre4t°eld in this unjust war with Montenegro only a
00Iletant 'At for the yet more unjust occupation of
1,-

I, -"ORTTIGUESR DEBT.—A pet.t.on
in Portugal to t
a the holders of the State Debt
; ; has been addressed
Oahe
of Deputies, protesting
e 1.%
stigmatising it as a
lewof confiscation, and
tion of
against the recent de-
th a.ct, which must end in the hopeless nduanparal-
e,eolllltry
,t 0 T
_Theprespedeg-ra
Royal
rwas
of AL A.RCTIO ...I:MOAN .
issuedC O M -
aa undertakin to be called the
Pat, r g,
the Government path, n a grant made by
ds
groun.
N4ai on
th,e_ a Penny of a tract o
of Davis
Autic
to
, uvered by him at an inleft
ii:traits, With. the west coast
form
loaond and fishing
The
pro tlei„nts, the exclusive right tohltisrhadfie,shaenridest.o
work mines, and establish
shares, with a de-
poaed capital is 200,0001. in 1.0
vessels, to
to;ter_of 21. 12s. 6d., and the objects are to apply the
.l'ea,,. N of the auxiliary screw to whaling .
Itiittlth
,e fishing
stations, and to develop.e the
to aboundare
mineral
14 tit of the locality, hich is said especially
the
ae - ornbago. Two screw steamers of s(:lOtonosnedaecrh
etie9rdin* to be fitted out in the springwill go to the
toilerintendence of Captain Penny, who
TERN RAILWAY.
ii)4ll3;iaAnd pass the first winter in con diin g its operations.
..„..tti, ACCIDENT ON THE GREAT
going
favourue sufferers by this areaccidenttWEs
d an excellent
ti4blY. Dr. Prichard Smith on very
4ht, and was Pronounced to be mupcahesbeetter yestefrrdoanyl
th Illirlg- Mr. Adam Duff is gradually Tee:o.7rng
convalescent.
ke,..effects of the shock. Mr. Miller is
mos
ressing t
fay Quartley, of St. John's-wood, is
lawfV;rably, and Mr. Orrnerod, of Braseprirousge College, was
IN eT4tly Well to return to Oxford on Thursday
by
t 1 elhge ~ nee of the death of Mr. Gibbs was forwarded,night.
oetCgT°Pli to Bristol very shortly after the
.accident, and
L:ii of the deceased's sons arrived at Ealing at a late
leo rYI the evening. A second son arrived yesterday'tol last
evelll„.ig, and both gentlemen returned to Eris
have
been-IN% The remains of the deceased gentleman
11014 Placed in a shell, in which they will be conveyed to..
°1 after the inquest, which Mr. Wakley has. aPi
ele Ned to he holden at the Feathers Inn, Ealing,
xab.
tetZeo'elock this morning. Mr. Gibbs was a vebroyene a
qireetvo vitriol manufacturer at Bristol, and had Period r oF the Great Westernsßailway almost from the
bv.. of incorporation, .
I,IO4COVERY ON BLACKFRIARS BRIDGE. -- Yesterday
diEle:g, sholy before 8 o'clock, a city police constableon
the ;4red art neatly-packed brown paper parcel lying
()Mee, of the parapet of Blackfriars-bridge.The
he ' carried the Package to the nearest recess, when
torrintied the string and discovered the body of a newly-
the infant much covered with blood, and
,tilel37, 11l a White 'petticoat. The constable conveyed
The idol
the police-station in Fleet-street, when
.the
-Ole .-4-4'. surgeon made an examination of the child.
1,,1it Vest will take place this afternoon.
"-We iSuIRASTROUB FIRE IN ST. PAUL'S CHURCHYARD.
ltithe
(h_uaVe been informed that the value of the property
'okrbi7aged or destroyed in the disastrous fire which
1:1"°,00-0-r..in St. Paul's Churchyard amounts to about
w loser e4°.° insurance companies will consequently be

MONEY AND COMMERCIAL NEWS.

CITY, TWO O'CLOCK.

i The sales of cotton at Liverpool yesterday, were
estimated at from 5,000 to 6,000 bales, of which
1,000 American were taken for export and on spe-
culation. The market closed heavily, but without
alteration in prices. Railway shares were very
dull.
It would appear that the rumours circulating
throughout the week with respect to the amount
of bullion withdrawn from the Bank of England
are erroneous, and probably because of a determi-
nation to keep the matter secret in future until the
m Ater actually appears in the Gazette. We must
admit that we do not acquiesce in the complaints
of our contemporary, the Times, upon this sub-
ject. The balance-sheet being made up about
Tuesday or Wednesday to the previous Satur-
day, it would be very desirable, since there
must be a full knowledge of the items on the
part of many of the directors and clerks, to
post a statement of the amount of the bullion, and
perhaps the securities, immediately after the board
had considered the return. Under the present sys-
tem some parties must ever obtain an unfair pre-
ference, a most important matter in times of pros-
sure or excitement. The Times objects to the
newspapers publishing anticipatory remarks about
the Bank return, as though the public at large
ought not to be informed as soon as a " select few"
of the stock-jobbers or ,capitalists. When once a -
return of this kind is completed, profound secrecy
is impossible, and better is it, therefore, to give
official particulars. The balance sheet in its entirety
might still be reserved for Friday evening's Gazette.
The weekly statement of the Bank of England
to the 19th inst. gives the amount of bullion only.
87,7431. less, and this week's arrivals will conse-
quently soon tell upon the returns. The gold,
however, has first to be essayed. The circulation
of notes was diminished, owing to the considerable
addition made to the deposit accounts. The dis-
counts and loans, on the other hand, had so far
increased as to prove the correctness of the state-
ments made of the active demand for money. The
changes, compared with the previous return, are as
follows :

Active circulation
Decrease
Bullion
Decrease
Rest

Decrease
Public Deposits
Increase
Other deposits
Increase
Seven day and other Bills
Decrease
Government securities
Decrease
Other securities
Increase
Notes unemployed
Increase

422,080,690
224,395
'18,314,617
87,743
3,313,109
815
6,738,059
498,762
12,081,941
69,363
1,344,913
72,921
13,619,393
29,207
14,177,702
386,944
9,667,595
172,970

Bills of Exchange upon the principal continental
cities were negotiated here yesterday afternoon at
about the previous terms. Paris, 90 days, 25
27i to 30 ; Amsterdam, 11 18i- to 19 ; Vienna, 11
4to 8 ; Trieste, 11 6toll 12 ; Oporto, 53/ to ;
Hamburgh, 13 71 to 8 ; and Petersburgh, 38 to
38k.
The New Four-and-a-Half per Cent. Peruvian
Loan for some time spoken of, has been announced
by Messrs. C. de Murrietta atid Co. and Messrs.
C. J. Hambro and Son. The amount is 2,600,0001.,
and the object, the redemption of the existing 6 per
cent. English debt, and of a home debt of 600,0001.
bearing a higher rate of interest. The price is to
be .85/. per cent., and the first payment of 20 per
cent. is to be made on the 9th of next month. If
all the existing 6 per cent bondholders exchange,
and they are offered 1181 per cent. in the new
stock, being some allowance, because the sum is
paid up in full at once, there will be about 780,0001.
to be subscribed by the general public. The entire
debt may be redeemed at par within 10 years. It
remains only to be seen whether the creditors will
come into this arrangement. The full particulars
are as under :

"PERUVIAN FOUR-AND-A-HALF PER CINT. LOAN FOR
2,600,0001. STERLING.
"Messrs. C. de Murrieta and Co. and Messrs. C. J. Ham-
bro and Son beg to announce that his Excellency General
Mendiburra, in virtue of the powers conferred on him by
the President of the Republic of Peru, and in conformity
with the act of Congress, dated Feb. 5, 1852, has authorised
them to receive subscriptions for a loan of 2,600,0001. ster-
ling, bearing interest at the rate of 4i per cent. per annum.
" The proceeds of this loan are intended for the redemp-
tion of the Six per Cent. Loan, amounting to 1,535,800/.,
contracted in England, and to refund a home debt amount-
ing to about 600,0001., bearing higher rates of interest.
" The subscription price is 85 (say 851. per cent.) payable
as follows :-
20 per cent. on allotment on the 9th March.
10 )7 sth April.
10 Jr, „ sth May.
10 „ r 4th June.
10 11 „ sth July.
25 t, 1, sth August.
" The interest commences from the Ist March, 1853, and
will be payable, half-yearly, on the Ist March and Ist Sep-
tember, at the Peruvian Financial Agency.
"A discount at the rate of 4 per cent. per annum will be
allowed on the payment in full of the above instalments,
and Vrovisional certificates, bearing the signatures of tho
two firms, will be issued to parties availing of this facility.
" Any, failure in the specified payments forfeits all pre-
vious instalments.
" The holders of the present Six per Cent. Active Stock
shall be entitled to 1181. provisional certificates paid up
stock (being at the rate of 85 per cent., allowing discount
at the rate of 4 per cent, on the instalments) in exchange
for each 1001. of the said Six per Cent. Active Stock, ex
coupon of the Ist April next, upon their making applica-
tion to that effect to Messrs. C. de Murrieta and Co. not
later than sth March next.
" The Six per Cent. Bonds are to be delivered to Messrs.
C. de Murrieta and Co. on or before the 9th March next,
and provisional certificates, signed by the two agents for
the loan, will be delivered thereagainst, to be exchanged
for new Bonds, which will be prepared immediately.
" Annexed is a form of application to be made by the
holders of the Six per Cent. Stock.
" The Bonds will be divided as follows :
A 600 Bonds of 1,0001. each... £600,000
B 2,000 „ 5001. „ ... 1,000,000
C 10,000 ....1,000,000

£2,600,000
" A sum of 52,0001., or 2 per 'cent. of the nominal
capival, will be annually appropriated to the redemption of
the loan, which redemption is to commence on the Ist
September, 1854.
" The redemption is to be effected by purchases when the
Bonds are below par, and by drawings by lot when they
are above par.
" The Peruvian Government reserves to itself the right
of paying off at par so much of the loan as shall not have
been redeemed at the expiration of 10 years from the date
of tho contract.
" Besides the formal guarantee of the Republic of Peru,
with all its revenues, the Government hypothecates as se-
curity for this loan one-half of the net produce of the exports
of guano to the United Kingdom. It further pledges itself
to hypothecate, if necessary, as additional security for this
loan, as much more of the proceeds of the said exports of
guano as may be hereafter made availableby the repayment
of the former loans.
" The results of the guano sold in the United Kingdom
during the last two years were as follow
1851-87,897 tons, producing, net
1852 138,149 tons,

2369,580
582,813

052,393
or on average of, circa, 113,000 tons, worth, net, 474,600/.
" Subscriptions may be addressed to Messrs. Steer,
Cureton, and Lawford, stockbrokers, Pope's-head-alley,
Cornhill, and will be received until 2 o'clock on Friday the
sth of March next.

" Messrs. C. de Munieta and Co.
C. J. Hambro and Son.
" Gentlemen,—Being holders of 2-- Peruvian Six
per Cent. Active Bonds -- claim in exchange for
them £— of the new Four-and-a-flalf per Cent. Peru-
vian Bonds, being in the proportion of 1181. of the new
for 1001. of the old stock (being at the rate of 85 per
cent.,) allowing 4 per cent. discount p. a. on the instal-
ments. -- engage to deliver to Messrs. C. de Murrieta
and Co., the said amount of £— Six per Cent. Peruvian
Stock on or before the 9th March next, on receiving from
them provisional certificates in the above-named propor-
tion according to your prospectus dated the 26th Feb.,
1853.

" We are, gentlemen, your obedient servants."
The proprietors of the' Australian Royal Mail
Steam Packet Company had a more favorable
meeting yesterday than was expected, and a divi-
dend at the rate of 5 per Cent. per annum being
declared, the numerous complaints made were
smoothed over. Doubtless the Company has great
difficulties to overcome in the outset, but unfortu-
nately it does not seem to profit by experience, as
is seen in the affair of the " Australian " which
returned to Plymouth in a leaky condition yester-
day. This vessel was Mistaken for the Sydney, now
overdue, and telegraphed to the city as such,
late last evening.
The Alert has arrived from Sydney, whence she
sailed on the old November. She brings about
170,0001. in g
The amount of gold exported from London direct
during .the week, to Thursday last, was only 5,050
ounces, and 34,4001., the latter all to Sydney and
St. Vincents. Of silver 8,000 ounces were shipped.
Letters per steamer Hellespont, for the Cape of
Good Hope and Australia according to a
time on
notice
just issued at the Post-office, will be in
Monday
The English funds are firm, but very quiet.
Consols 994 / for Transfer, and 99/ for Account.
The New Three-and-a-Quarter per Cents. have
been 104 ft, and the Three per Cents. 1001. Ex-
chequer Bills have b firmer at 455. to
50s. premium.
In the Foreign Market tile feature is a rise in
Peruvian Bonds, the Six per Cents. having been
done as high as 105 i. Grenada Stock is at 211.
Spanish Deferred Stock is dull at 23g. Buenos
Ayres Bonds are quote d a shade higher, being at
64. Mexican have touched 24i and 24g.
Railway Shares have been influenced by the