The Sun.
London, England, 1853-06-14 00:00:00

THE SUN, LONDON, TUESDAY EVENING-, JUNE 141 1853,

bloodshed. Directly the ancient scheme of de-
fence was abandoned—the war commenced.
Directly the Boers—constituting generation after
generation the living and impassable barrier
between the English Colonists in Southern Africa
and their barbarors neighbours—directly, we
say, that the Boers were driven away by the en-
croachments of a mock-humane interposition—
the calamities of battle began between the British
settlers and the warlike savages in their vici-
nity. The Boers, disdaining the advance of this
maudlin innovation, withdrew from our posses-
sions at the Cape, and compelled the inhabitants
to look elsewhere for the means of securing safety
to themselves, to their commerce, and to the local
Government. Thereupon the Kafirs rose in their
insolence, their daring, and their determination.
The Boers no longer obstructed their attempts at
predatory incursions into the British dominions.
Fire and lance, pillage and massacre, became the
rule of events in those ill-fated provinces. Eng-
land was called upon to send troops out to the
scene of warfare, to despatch our ablest generals
to carry on the twofold duties of campaigning and
conducting the affairs of civil government—Bri-
tish taxes being all the while drawn, year after
year, for the liquidation of the costs incurred in
pursuing this expensive and bootless labour of
political and military retaliation. At last, how-
ever, by a persistance in the desperate struggle so
long sustained with the Kafir forces, we have suc-
ceeded in crushing out the barbarian lust in those
quarters of murder and spoliation. How are we
to prevent the recurrence ce. these ruino-as and dis-
creditable calamities ? How ? That is the pro-
blem, the solui ion of which appears to devolve
at this moment upon General CA.THCART, in the
midst of his Benue of victory. By persisting in the
policy of the co-called philanthropists—Cie policy
which has caused all these conflicts and butcheries,
all this anxiety and expenditure—by giving full
play to the system advocated by the JELLYBYS—
by nailing to the mast the banners of Humani-
tarianism ? Or by returning to a scheme more
accordant with that in vogue among the old
Dutch settlers ? L;arely the latter of the two
would be the more rational course of proceeding.
As Mr. BAGNET might say—Jr.dging from appear-
ances. Comparing the results of the two systems,
it would be more reasonable, we fancy, to select a
defence like that of the Boers—a defence inex-
pensive and effectual—one marked by uninter-
rupted prosperity and prolonged tranquillity.
But the Boers have passed on in quest of better
fortune in the wilderness. There remains, con-
sequently, as a substitute—Lhe organisation of a
local Militia.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY TWO O'CLOCK.

The sales of cotton at Liverpool yesterday were
estimated at 10,000 hales, of which 2,500 American
were taken for export and on speculation. The
market closed firmly, with a hardening tendency.
The sales comprised 800 J American, 300 Peri:am
and Maranliain at 614-d. to 74d., 100 Bahia at 6-W.,
300 Egyptian at 61d. to BA., and 1,000 Surat at
3id. to 41d. per lb. Railway shares were firmer.
The Overland Mail is behind time, and accounts
received in New York, although not of later date,
furnish a curious statement with regard to the
progress of the rebellion in China. It seems that
the Commodore of the United States' squadron had
arrived, and in reference to the reported applica-
tion for the aid of British ships of war, lie ex-
pressed his opinion that it was improbable that this
would be afforded. The charge made against the
present Emperor, according to this same pai ty are,
that he is addicted to opium eating and to sensual-
ity, besides having the misfortune to be surrounded
by a Cabinet which is corrupt and incompetent.
It seems questionable also, whether the aid that
could be afforded by the squadron would prove
efficient now the rebels are getting near Pekin. It
is evident that the sympathy of the American resi-
dents at the outports is with the rebels, but whe-
ther the allegation is correct that the other fore:zn
residents are opposed in feeling to the reigning
dynasty, it is difficult to say.
The ship Waterloo brings Sydney dates of March
5, and 5,902 oz. of gold. The Anglesey, with ac-
counts of March 4, has 27,500 oz. The news is
satisfactory, but not very important or novel.
Business was brisk both in imports and exports.
The arrival of passengers at Sydney from Jan. 29
to March 4 showed an excess of 3,910 persons over
the departures.

The probability before long of the decimal sys-
tem being generally introduced into money calcu-
lations, and at a remoter period probably into
weights and measures, renders peculiarly ac-
ceptable a publication of Mr. J. A. Franklin (pro-
fessional auditor and accountant), entitled the
" Decimal System Facilitated." This is adapted
intermediately to the routine methods of account
money and the precious metals, and includes tables
for converting at sight, moneys, weights and
assays, to their decimal equivalent. The tables
are introduced by a familiar exposition of the
decimal notation generally, and by facts and data
explanatory of the currency. In the endeavour to
render this subject easy of explanation to the
uninitiated, the author appears to have been very
successful, and a little attention must enable most
business men to apply the principles laid down.
There has been a very decided improvement
again in the tone of the English Stock Market,
and a largely-increased business has been trans-
acted. The foreign advices are considered to be
much more tranquillising, and the weather is aus-
picious. Consols have realised 100 a I, and are now
about 1002 for the Account, ex-dividend. The
New Three-and-a-Quarter per Cents. have been
quoted 1011 and the Three per Cents. 99# 21-.
Bank Stock has been firmer, at 2281 to 2291. The
premium on Exchequer Bills has been 2s. to 55.,
being lower, as the settlement of the accounts in
the share market has occasioned rather more de-
mand for money among the speculators.
The Foreign Securities have keen generally at
advanced rates. The settlement takes place tomor-
row. Mexican Bonds have been run up to2n- and
28. Peruvian are about 652 to 86k, but no bargains
are reported. Venezuela st-.:ck has risen to 40 and
40/, and Buenos Ayres has recovered. to 63. Sardinian
Bonds are fluctuat'ng, having been at 93 and 94k,
ex dividend. Spanish New Deferred Stock has
been quoted 23/ and the Three per Centl. have
been done at 4_84 to 48i. The accounts from
Madrid are still of an uneertain character in re-
ference to the position of the Ministry, but the re-
conciliation between Narvaez and Queen Christina
would be in favour of the stock. Dutch Four per
Cents. have been steady at 95 to Y. Russian Four-
and-a-Half per Cents. are at 1032.
Railway Shares have been improving, and there
is the greatest facility for carrying over accounts,
no charge being made in several instances. At
this moment prices are not quite so high as they
opened. French Shares have improved sensibly,
and with a larger business doing in Western of
France, Strasburg, and Northern.
The Gold Mine Shares have been about k Fgher
for those with 1/. paid up. In the Australian
banks a moderate business has been transact-
ed. The Land Companies' Shares have been
better, the Agricultural to the extent of 3/. to 4/.
Crystal Peace Shares are up to and Metcalfe
Mine are 7A to 8 premium.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Pane the Official List.)
Business done.
Bank Stock ....... ......... ......... 2281 91
3 per Cent. Reduced Annuities 99 A
3 per Cent. Consols Annuities
3 per Cent. Anutiqies, 1726
New 34 per Cent. Annuities lOll 1;
Long Annuities, Expire sth Jan., 1860
Dittc. 30 Years, Expire 10th Oct., 1859
Consols for Account 9Bl
Exchequer Bills, id.
£l000
£5OO 3 2 5 p
Small 3 6 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Buenos Ayres Bonds, 6 per Cent
Ditto for the Account 63
Danish Bonds, 1825, 5 per Cent lO5l
Greek Bonds, Red .• •
Dit:,o, Blue
Mexican 3 per Cent.
Peruvian Deferred per Cent.
Russian Bonds, 5 per Cent.
Ditto 43, per Cent.
Sardinian Bonds, 5 per Cent 931 41 x d
Spanish Bonds, :1 per Cent 474 L;
Spanish New Deferred, 3 per Cent 234 if
Ditto for the Account 23
Venezuela Bonds, 34 per Cent. ....... 40
Dividends on the above payable in London.
French Rentes, 3 per Cent 7Bf Ex 25f
Dutch 4 per Cent. Certificates . 951
HALF-PAST TWO.
Consols for Opening 19th July Doi x d

MARKET NEWS-(THIS DAY.)

COLONIAL.

SUGAR.--There are very few rales, and price .3 are steady
generally. The demand is not brisk either for home use or
consumption. The quantity of British plantation landed
last week at the East and West India Docks m. 13 1,738
hhds 207 tierces 1,8.85 barrels ; there were taken for home
consumption 1,306 hhds 118 tierces 383 barrels. The
stock in the same places is 9,791 hhds 1,644 tierces 3,580
barrels. In refined there has been a good home trade,
at 45s 6d to 48s for low to fine grocery lumps.
COFFEE.- The market is very dull, at about the previ-
ous rates.
Rug.—The quantity landed last week at the East and
West India Docks was 564 puns 151 hhds ; there were
taken for home consumption 267 pans 18 hhds, and ex-
ported 103 puns 159 hhds ; the stock in the same places is
8,313 puns 481 hhds.
Rim—Bengal, 684 bags, at auction, all sold at 11s for
good white.
TALLOW.—P.Y.C. is 47s 6d to 47s 9d per cwt on the
spot, and town, 49e 3d.
TEA.—This article has been dull, but firm.
COTTON.—There is not much doing.

AUSTRALIA.

PLYMOUTH, MONDAY EVENING.

One of Messrs. Green's ships, the Anglesea,
1,018 tons burden, Captain Thorne, was off the
port t: ; afternoon, bound to London, and landed
pass 3 igen here.
Sho left Sydney harbour on the 4th of March
with cargo of wool and oil, and 27,500 ounces of
gold dust. It is supposed that her passengers have
20,00 ounces.

Price of Gold.—New South Wales, 3/. 16s. ;
Port Philip 3/. 18s.
Rate of Exchange.—March 3, at par ; March 4,
1 per cent. prem.

Vbur.—Seconds, 211. per ton ; fine, 231.
Carcase Beef.—lid. per lb.
The Melbourne steamer was appointed to leave
Sydney on 4th March. Her screw propeller had
been repaired there. _

The Carnatic, with gold, wool, and oil, sailed on
the 3d March.

The Waterloo, with gold and wool, was to leave
on the 11th.

The barque Templar, Captain Brown, was to sail
shortly.

In 16 deg. S. spoke the Harpley, from South-
ampton for Melbourne. Thirty-two days out.
All well.

On the 20th January spoke a barque of 450
tons, from Rio for Liverpool. The master dead.
The mate in command.

On the 12th June passed the ship Jane Purvis,
of Bath, United States, bound to England.
The Anglesea rounded Cape Horn on the Ist
April, when she saw an immense iceberg. On the
2d April she saw one of less dimensions, but esti-
mated it at three miles in circumference and 300
feet high. She crossed the line on the 15th May.

COURT OP BANKRUPTCY-(THIS DAY.)

(Before Mr. Commissioner Evans.)

IN RE WRIGHT. -SUSPENSION OF CERTIFICATE FOR TWO
YEARS FOR CONCEALMENT OF TRUE STATE OF AFFAIRS.

-JUDGMENT.

This bankrupt had carried on business as a linen
draper, at Maldon, Essex ; and judgment on the ques-
tion of certificate was reserved until to-day.
His Honour now suspended the certificate for 2 years,
on the ground that the bankrupt had wilfully concealed the
true state of his affairs by not entering a debt of 7281.,
due to a relative, who got execution in respect thereof.
His Honour refused protection for six months. The
certificate when granted to be of the third class.

FAILURE OF ANOTHER WEST INDIA MERCHANT..--IN RE

ALLAN G. HAY.
This bankrupt was described as of Broad-street, City,
merchant, and to-day was appointed for choice of
assignees.

From the preliminary statement prepared by Messrs.
Robinson and Knowles, Basinghall-street, it appears
that debts due to creditors unsecured amount to about
2,200/. ; liabilities on ship accounts and outstanding
bilig, about 4,900/. ; and to creditors holding security,
I,i JO/. At present it is impossible to ascertain the
amount of assets likely to be available for a dividend.
The choice of assignees took place.