The Sun.
London, England, 1854-03-13 00:00:00

444&,,
•

LONDON, MONDAY, MARCH 13, 1354.

Soh !—the OZA.R has virtually Gilled Peccavi !

His Imperial Russian MAJESTY has virtually made

his first meek advance towards a reconciliation !
Elsewhere proof of this will be found in our im-
pression of this evening, in that elaborate docu-
ment taken from a recent number of the Journal
de St. Petersbourg, couched in the mildest

terms (for Russia)—the " memorandum," as it
is called, addressed by the Autocratic Govern-
ment to its diplomatic agents abroad—a " me-
morandum" to ba communicated by each of them
in virtue of instructions annexed to it, to the
Government to which he is accredited--contrasting
amazingly with the insolent communications
made time and again to the Sublime Porte, with

the haughty missives despatched to the Allies of
Turkey, and with the flagitious proclamations or
manifestos by which the Eniperor NICHOLAS has
endeavoured not unsuccessfully to rouse the fana-
ticism and inflame the' 'pasiiions of the Mus-

covite population. Read this memorandum care-

fully through---and answer if it is•not au astonish-
ingly temperate sequel to every other document
upon the same subject that has hitherto emanated

f rom the Russian Government.

Moderate in

tone, temperate in language, calm, and sedate,
and unimpassioned (for Russia) it betrays
very conspicuously the anxiety of the CZAR to
bring about, if possible at this eleventh hour and
three-quarters, a tardy and, for him, an exceed-

ingly convenient pacification. But—it comes too
late. It comes too late—because France and
England cannot possibly withdraw their enormous
forces, both sea forces and land forces, without
having first fleshed their swordi togetlwr to the an-
cient battle cries of "St. DENIS" and "St. GEORGE,"
in testimony of the fullness of their international

friendship, in vindication ofTarkish itylepenienc3,
in the joint names of Honour, of Right, and of
Justice, in opposition to the barbarism of Russia,
and in support of the holy cause of the general
civilisation of C'aristendom. It is not to be ex-
pected, for example, that Sir CHA.RLEi NAPIga can

Possibly return to England with the thltie Fleet now
sailing and steaming rapidly northwards without
having first had a brush with the " Rooshians"

for the satisfaction of his gallant jack tars, and in
fulfilment of the confident and loudly-expressed
tnoxpeetations of his fellow-countrymen. It is not
ba expected that Lord RAGLAN will return to
England, or that Marshal A
....113TAIID will return
to France, without havinc, first won the novel
glory of a joint
victory for France and England.
Neither is it b any means to be expected that
Admirals HAsrmur and
LyNna.s will withdraw
the combined fle3ta from
out 1 the neighbourhood of
with
the Black Sea, ing by some brilliant and
daring achievement—either say the bombardment
of Odessa, or the seizure of the Crimea,
or both
—effaced the terrible me
Swi
an o
outragedp e ,
Tarkey annidort3:heoirf
thereby avenged
reputations. It is not to be expected --,and let
us even go so far as to add now
plainly and
bluntly add—it is not to be desired. Soonergle that or
later the struggle must come—the struggle,
is to say, between the forces of Barbarism and
the forces of Civivisation. Better now under the
most auspicious circumstances, than later on,
when the situation might, on the contrary, be
most unpropitious and discouraging. Where-
fore, in spite of this ingenious and ela-
borate " memorandum" from the Journal
de St. Petersbourg—England and France may
still say, " Goon defend the Right," and
still rest confidently in the hope of witness-
31tvr very speedily, the establishment,
by lone of arms, Of a pert 140,03 for entire

.

Christendom—a. peace which will constitute the
fullest surety of the uninterrupted development,
hancaforth, of our common civilisation.

Why should the course of policy that has led to,
and is still producing, such fruits, be impeded or
altered? Why should the directors who are la-
bouring so efficiently be distrusted, or un-
tried and unknown men substituted in their
place ? The dividend which, in the year
of mania, when every head was turned, and
every speculator intoxicated with success
was 51. 6s. Bd. per cent., is now 41. per cent.
What other company can show a more favourable
comparative condition ? And although the quo-
tations are far beneath the actual value, being
only 62.3 per 1001. stock, while the Great
Western and South-Western, which only pay the
same rate of dividend (4 per cent. per annum),
average 79, the depreciation is not ascribable
to the Board, but rather to the unfortunate divi-
sion therein, and to the insubordinate and dis-
contented spirit exhibited by a certain clique.
This it is that has discouraged permanent in-
vestments in the undertaking, and prevented the
demand for South-EAstern stock, which would
have maintained the quotations in the market.
If the shareholders understand their own inte-
rests, they will take the sound advice ten-
dered by Lord TORRINGTON, and put an end
to this untoward state of affairs. The golden
opportunity is at hand, and if neglected
or misapplied, may not speedily or ever return.
It is like the "light cloud" traversing the moon's
disc after the transit /hereof all penitence will be
unavailing.

I tis something to have survived the long peace
which has elapsed since the close of the last war
in "fifteen," if only to witness this cordial alli-
ance between those two great nations of Western
Europe, hitherto the most inveterate and impla-
cable of antagonists. What enhances the wonder
and admiration of every dispassionate observer of
this alliance, is the fact that •it is accomplished
during the reign and under the guidance of a
BONAPARTE—Iuring the- reign and under the
guidance of the descendant and representative of
that great House, the Founder of which dur-
ing the chief portion of his extraordinary
career was regarded as the arch foe of the
British people, and of the British Govern-
ment. It is an alliance, we must all re-
member, based upon mutual concessions and mu-
tual magnanimity. It is an alliance net. hollow
or superlicial—hut solid, cordial, and complete.
It is at this moment carrying rapidly to
the seat of war, carrying northwards and east-
wards, carrying to the Black Se a te the Baltic
those two glorious banners, which, thus united,
may be said to constitute at once the feria amore and
the talisman of civilisation. Sib by side, and not
as hitherto face to face, are ab nit to stand on the
battle field as opposed to the barbarian herles of
the R,liiian:Anr.)cavr the heroic soldiers of France
and gigl and. Together, iu the Black Sea, and in
the Baltic their gallant sailors ate about to avenge
upon the frontier towns of the Czaa's dominions
the atrocities perpetrated by his fleet upon the
subjects of his Turkish neighbour. Ai the troops
of France and Ragland are e.nbarked for foreign
service, as their war-vessels leave their shores for
the anticipated encounter, the hearts of the two
great races ge with then, the hearts of all patrio-
tic Frenchmen and Eaglislamen. It is felt at
once that mere is involved in this approaching
struggle than the consideration of o':,teman hale-
pendence, or the maintenance of the rights of trea-
ties, or the repulse of a lawless enemy from invaded
provinces. It is understood on the instant that the
contest is one in which the, barbarism of the Rus-
sian autocracy will be met by the avowed and re-
cognised champions of modern civilisation.
Hence, the favour of that " Godspeed" which
accompanied the Baltic Fleet on Saturday, when
it took its departure from the vicinity of Ports-
mouth, under the command of the brave Sir
CHARLE3 NAPIER, for the general rendezvous at
the Cattegat ! Hance the enthusiasm displayed
towards the person of that daring sea-captain, by
all classes of his fellow subjects, stn neliately prior
to what was regarded, in truth, as the important
event of his embarkation! The prayers and good
wishes of their fallow-countrymen follow the brave
old Admiral andhis ten thousand tars along the track
of this memorable expedition. Every one per-
ceives at last the imminence of the crisis, the
grandeur of these contemporary occurrences, the
direct bearing they mast necessarily have upon
the destinies of the world, but peculiarly and
above all upon the destinies of the Eastern hemi-
sphere. A guarantee that, humanly speaking,
those destinies are in safe keeping, is discoverable
of course in the fact, that for the first time in the
annals of the two countries a really cordial alli-
ance has been established between France and
England an alliance so cordial, so solid,
and se cemplete, that the military and
maritime defenders of France an 1 England
are ab.)ut to fight side by side, in a just Cause,
under the blended banners of the union-jack and
the tricolor! That the rulers of France and Eagland
have an implicit confidence in each other ! That
in the ranks Of the armies sent eastward by France
and England will be fonni,-Whea the C)11;33t has
once began in earnest—here a Prince of the
House of .B.IIIINSWICK, and here a Prince of the
H.-)1135 of BeeraPaarz ! Ancient ea pities are for-
gotten, and are replaced by a frank and unaffected,
and GOD grant that time may prove it t 3 be also
a permanent and in destructible friendship. United,
France and England may command the peace of the
whole earth, the advance of co.nmerce, the secu-
rity of order, the progress and development of
civilisation. Opposed, they might set the world
in anus Once :were, as they have already done so
frelneetly : bat by se doing they would—and
bet(t apx.e.ei ate. n y.v a lays the fez-ce of this vital
c) tsi llrt'.ien—;lley 'Arm! 1 inevitthly plu tge 0:13
) the it /ETON of a stra fgle pnlactive
on!y of the arty in eastreta; cri:nes an I evil c era-
s 1..13133; of VI unrighte, ills IV:•Lrear,3—')lo I,
disaster, glory (s)-calle.l) possibly, bat certainly,
and beyen 1 all deubt, aa en er.n eu4, if a )1 abso-
lutely ruinens, expenditure. Why talk of
this, however ? now now when E
and France are not only cordially united, bat so
cordially that they are about to fight, as against
Russian barbarism, the groat battle of Earapean
civilisation. Why ? Except it be to point out
by contrast the inestimable advantages of oar pre-
sent position—that grand and authoritative posi-
tion by which VI-aroma and NAPOLEON have
aff )riled the whole world the guarantee of the
ultimate consolidation of the peace of Christendom.

But a cursory examination of the report and
accounts, and a dispassionate consideration of the
actual state of affairs will prove that there has
been neither negligence nor inefficiency on the part
of the Board, and that in place of censure, they
deserve the marked thanks and gratitude of the
shareholders. A strong and decisive declaration
of confidence should be made by every unpreju-
diced and disinterested shareholder. The next
question that arises is, " what is to be done with
the minority of the Board—the dissentient and
protesting Directors? If the majority be
right, they must be not only grievously
in error, but without a shadow of excuse for the
course they have taken. Was it right or proper,
was it even decent, for a minority to rush into
print, attacking their •colleagues, and striving to
excite a popular outcry against a policy calmly
and deliberately decided on, and to which they
themselves had previously been assenting parties?
What would become of any concern in which the
less influential partners appealed to the commu-
nity against the decision of their more competent
fellows ? There is nothing to extenuate or re-
deem their conduct; and if they have any feeling
or decency, they must resign on witnessing the
total failure of the machinations to which they have
so unfortunately and indecorously lent themselves.
By this means alone can peace be restored, and the
ill-advised disputes which have proved so prejudi-
cial to the company, and tended so greatly to the
depreciation of its property, be brought to a con-
clusion. If these gentlemen should not possess
the "virtue of resignation," they should receive an
intelligible hint—and we know that to be enough
"in tender cases"—showing what is expected
from them, with which, if the matter be clearly
put, they will undoubtedly comply.
The strongest evidence of the weakness and
frivolity of the accusation is to be found, that the
opposition candidates are not selected from those
who have any decided opinions of their own.
They merely endeavour to take advantage of the
existing divisions, and by slipping in between the
belligerents, to gain the oyster for themselves,
while the litigants receive each a " briny shell."
Two parties in one board room is bad enough
in all conscience what would be the effect
of creating a third section to stimulate the jea-
lousies prevailing among their colleagues, and
render " confusion' Worse confounded?" Let the
Shareholders ask themselves how business could
then be carried on, and whether the election of
the strangers would not be the signal for many
prudent men to cut the concern, disposing of their
interest at any sacrifice. These gentlemen do not
even profess to know any thing respecting the
wants of the district. They have not even formed
au opinion on " the vexed question of the
Bromley line." Let them receive kind but
firm intimation that the men of Kent know how
to manage their own affairs, and are not com-
pelled to send to Lancashire for sense carriers,
the Directors having shown that the contemplated
line will return 5 per cent. on the outlay, while
it will secure their territory against invasion,
and enable them to hold the Mid-Kent district
against all corners. A glance at the map so judi-
ciously sent out with the report will place the
real merits of the question in the clearest point
of view, so that no man can hesitate at that which
might be made use of, either by the Company it-
self or by its opponents, as the means of effecting
a very considerable short-cut to Tunbridge,
Dover, Hastings, and all the intermediate loca-
lities, and which is, indeed, an act of self-defence,
essential to the protection and security of their
property.

THE Comm—Her Majesty and the Royal Family are
expected to remain at Osborne until Tuesday, the 21st,
when they return to Buckingham Palace until Easter.
Bulletins of the daily health of her Royal Highness the
Duchess of Gloucester, signed by the physicians in at.
tondance, Dr. Ferguson and Dr. Hawkins, are daily
transmitted to her Majesty and the Prince.

The Directors of the South-Eastern Railway
Company have just published the half-yearly re-
port which is to be submitted to the shareholders
at the forthcoming meeting (and which will be
found in another part of this 'day's impression).
It is a vary satisfactory document. Satisfactory,
not merely because it exhibits a highly prosperous
state of affairs, with a steadily increasing traffic,
but also because it afferds an excealingly fair and
straightforward acemant of the transactions of the
past six months, and of the progress made by the
company, as well as the legitimate prospects of
the undertaking. The Beard have exhibited the
utmost carrlour iu this respect, which cannot
fail to be duly appreciated by the shareholders.
The gross receipts fir the ha!f-year, it
appears, amount to 113 less than 415,1421.
10s. 91. A very large augmentation when c.pin-
pared with any former period, ereeeling even the
sums obtained during the year of the G:eat Ex-
hibition. From this grand total, there are to be de-
ducted for working. expenses and renewals 173,3191.,
for TOT3WAI of the perminent way 6,215% 15s.
Rates, taxes, an 1 t )11s 18,5301. 84. 61., and
Government duty 13,0)11. 03. 11. Added to
these, there aro the rents for the leasel lines, the
interest on mortgages, divideals on guaranteed
8111'33, and other expenses, which must b 3 pro-
vided for in the first instance, and which amount,
altogether, to 317,3801. 4s. 7d. to be delucted
from the gross receipts, leaving 153,7751. Ba. 81.
applicable, which cis proposed to be ;123. on
every 301. share, or at the rate of 4 par cant. per
annum, leaving 5,1011. 83. 81 -. to • the credit of
the Company. • These simple facts furnish the best
refutation of the various calumnies that have been
so unblushingly put forward, the accusations that
have been turned into every shape--i• Pat one time
boldly proclaimed, at another merely whispered,
and anon gently insinuated, according to the tone
and temper of the audience, and the probability
of meeting with opposition, and, as a matter of
course, with the unequivocal exposure of their fal-
lacy and injustice.

THE DUCHESS OF GLOUCESTER.—We are happy to
state that an improvement, though slight, has taken
place in the health of the Royal Duchess. Her Royal
Highness was pronounced, by her medical attendants to
be "slowly mending" on Saturday morning, and the
improving state continued throughout the day.
_ _ _

The pleasure derived from the general result
will not be in any degree alloyed by a closer exa-
mination of the means by which it is arrived at,
that on the main line and branches there has been,
when compared with the preceding year, an in-
crease of first-class passengers of 19,634 ; of
second-class, 32,028 ; and of third-class, 26,940;
the addition to the receipts thereby occasioned
being 13,7651. 103. 3d., while 60,8401. 103. has
been the improvement on the passenger traf-
fic of the main line and branches within the
same period. All the receipts on each of the
subsidiary undertakings have also improved "in a
similar ratio, so that on the whole the receipts for
the half-year, when compared with the correspond-
ing one of the former year, show an improvement
of 40,596/. 23., which has been earned at a cost
of 18,438/. 14s. id., a clear balance of pro fit be-
ing thus exhibited of 22,1561. 7s. 11d. mor e than
last year.

What pretext, then, can there be for ascribing
Irmo:tun:gement to those who have, for sever al
years past, been making not merely a, stewly but
ay= a rapi3 program is tho road t). prosperity

LORD JOHN RUSSELL.—Lord John Russell is suffer-
ing from a cold, which prevented him leaving the house
yesterday and on Friday. His lordship was conse-
quently unable to be present at the Cabinet Council held
on Friday at the Foreign Office, Downing-street. The
noble lord was better yesterday. Numerous inquiries
after the state of his health were made during the day
at his lordship's residence in Cliesham-place.--Observer.
SUDDEN DEATH OF MR. JUSTICE TALFOURD.—A
letter was received by the Lord Chancellor, hearing
Appeals, in the Hoase of Lords this forenoon, intimating
the sudden death of Mr. Justice Talfourt-% It was com-
municated by his lor,lshin to the Peers in attendance
anti to the Bar. His lordship and Lord Broughani con-
versed together a sort tine on the subject, and the
business of the house was then proceeded with.
The gallant Marquis of Ahgle,ey was in the Park
yesterday afternoon in an open barouche. His lordship
was looking well after his late severe indisposition.
Lady Langford has arrived in Charles•stteet, Berke-
ley-square, from the Hon. Rear-Admiral Ferguson's,
Pitfour-house, N.B.
The Earl of Selkirk has arrived in town from St.
Mary's Isle, Kirkcudbright.
The Earl and Countess of Bec'ive have been placed
in mourning by the demise of her ladyship's father, the
late Alderman Thompson, M.P. for Westmoreland, to
whom, we believe, she was sole heiress.
THE LEVEE.—Major-General Sir James Maxwell
Wallace was presented to the Queen at the levee, on
Wednesday, by Viscount Harding, on his appointment
to the colonelcy of the 17th Lancers. Mr. Bromley was
also presented to the Queen by Sir James Graham, at
the levee, on Wednesday, on his appointment as Ac-
countant-General of the Navy, Captain Maconochie,
2d Bengal Light Cavalry was presented to her Majesty
at the levee, by the Lord Advocate of Scotland.
IMPORTANT TO THE MUSICAL WORLD.—Rubini, the
celebrated tenor, expired at Bergamo, on the 31 inst.,
after a short and sudden illne-s. —The Field.
MADAME TUSSAUDAEXHIBITION.—Among the nume-
rous and splendid works of art which are deposited in
the Napoleon room of this establishment, none can sur-
pass in beauty and excellence the Table of the Marshals.
This magnificent specimen of painting on porcelain was
presented by the Emperor Napoleon the Ist to the city
of Paris in 1810. This splendid and unique specimen,
formed of a single slab, 10 feet 2 inches in circumference,
is the finest production of the manufactory of S6vres ;
it was ordered by the Emperor on his return from the
victory of Austerlitz. The fourteen portraits which
ornament it are all correct likenesses, painted by Isa-
berg, the most celebrated painter of the age, and uni-
versally admitted to be his best performance.
CITY OF LONDON THEATRE.—This elegant little temple
of the drama produced on Saturday a truly moral, do-
mestic drama, entitled Brandy and Water, with new
scenery, dresses, and appointments--showing the vice
of intemperance, and proving the value of a happy fire-
side. All the artistes exerted themselves most success-
fully, particularly pretty little Miss Sanger, who enacted
the part of Julia with great thought and graceful action.
We observe by the bills that the worthy manager,
Brother Johnson, takes his benefit on Wednesday next.
The craft should rally round him—he is one of the orna-
ments of the Masonic Order.

OFFICIAL APPOINTMENTS.—The Lord Chancellor has
presented the Rev. G. Whitlock to the rectory of Milton
Bryant, Bedfordshire ; and the- Rev. Nicholas Browne
Milnes to the rectory of Colley Weston, Northampton-
shire. Mr. Stewart Hobhonse is appointed a clerk in
the Home-office, Mr. John Christison (advocate) is ap.
pointed Sheriff and Commissary of Ayrshire, vice Mr.
Archibald Bell, resigned. Mr. George Webster is ap.
pointed Sheriff-Clerk of Forfarshire, i 4 the room of Mr.
hate Miller, deoealod.—.o6oerver.

THE SUN, LONDON, MONDAY EVENING, MARCH 13, 1854.

MONEY MARKET

AND
COLUMERCIA L INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool on Saturday
were estimated at from 4,000 to 5,000 bales, all to
the trade. The market closed tamely, without
alteration in prices. The sales comprised 200
Egyptian at 6/d. to Bid., Surat at 3d. to 33d.,
100 Sea Island at is. ld. to 2s. Bd., and the re-
mainder nearly all American. Railway Shares were
very dull, at a decline of nearly 1 per cent.
The Corn Market is heavy to-day, owing to the
large arrivals and the fine weather, than which,
nothing could be more auspicious for agriculture.
The following are the current rates of freight for
fine measurement goods, with the accustomed
primage, per ton of 40 feet, as given in the General
Weekly Shipping List

Australia—
Adelaide ... -80 s to 90
Hobart Town Bss to 100
Hobart Town (stmr.).. 120
Launceston 803 to 90
Melbourne or Geelong
Wharves 100 s to 110
Melbourne or Gee-
long 7ss'to 90
New ZeAlaud l2O
Port Philip (steamer) 120
Portland Bay . 120
Swan River 70s to B•.j
Sydney . 753 to 90
Alexandretta 3O
Alexandria 3O
Algol Bay 4ss to 55
Alicante 6O
Ancona ......... 60
Antigua
Athens
Barbadoes
Barcelona
Batavia
Berbice 30s to 40
The railway meetings
lowing :
Company.

Bermuda 4O
Bey rout
Bilboa (Blackall's Line

20s to 30
Bilboa,— Regular ship-
pers by Aubert's Line
of Packets
Bilooa other shippers

to 50
Bombay 4ss to 55
Boston 35
Buenos Ayres
Cadiz
Calcutta sos to 60
Canton
Cape Town, Cape of
Good Hope 40s to 50
Carthagena 5O
Ceylon 6O
Constantinople
Constantinople (steamer) 70
Danube (Galat z and

'bran) 4O
Demerara

LATEST FOREIGN NEWS.

announced are the fol-

Date. Place, &c.
Aberdeen
Caledonian Mar. 22, Glasgow.
Charleroi and Erquelines Mar. 21, Charleroi.
Chester and Holyhead Mar. 18, Euston Station.
East Anglian Mar. 31, London Tavern.
Graissessac and Beziers Mar. 14, Paris.
Lancaster and Preston Mar. 20, Lancaster.
Maria Antonia
Mid. Gt. Western of Ireland Mar. 14, Dublin.
North British . Mar. 22, Edinburgh.
Rouen and Havre Mar. 30, Paris.
Sambre and Meuse Mar. 23, 61, Moorgate-street
Do. Do.
Scottish Central
Scottish Midland Junction Mar. 20, Perth.
Shropshire onion Mar. 16, Shrewsbury.
South Eastern
Toun., Jurb., Land. & Haslt Mar. 27, Brussels.
Western of France.. Mar. 30, Paris.
Notwithstanding the explanation recently given
by a morning contemporary, as to the provisions
in the contract entered into between the East In-
dian Railway Company and the East India Com-
pany, empowering the shareholders to demand the
return of their capital embarked, should the
project prove abortive, we feel inclined to ad-
here to the view which we put forth in our last
impression, as the precarious position of those who
pay, should five-sixths of the proprietors persist in
withdrawing from the enterprise. The railway
company is bound by the contract, the directors
tell us, to pay a certain sum yearly to the India
House. If this sum be paid, and the other stipu-
lations entered into fulfilled, there can -be no
doubt that then, should the proprietors see fit,
they can take advantage of the provision in the
contract, which empowers them to demand the re-
turn of their money. But the money, it is reason-
able to suppose, must first he paid, in accordance with
the terms of the contract, before the India House
can be called upon to refund it. The report issued
to the shareholders on the 17th of last month
appears to settle the question. " The contract
with the Hon. East India, Company for the exten-
sion capital has since been settled between the
Court of Directors and this company. Under the
terms of that contract, the sum of 258,1061. has
been pail into the treasury of the E.tst India Com-
pany in this country ; a farther sum of 611,8541.
is to be paid on or before the 30th June next, and
theucefoward payments are to be made at the rate
of 1,410,0001. per annum." If these terms are in
the contract, are they to be operative If they are
not fulfilled, what will be the position of the share-
holders' capital and interest ? Are the authorities
bound to pay interest on any amount of capital, or
to return the capital employed to construct any
portion of railway made over to them, however
useless it may be ? This would clearly he no con-
tract, as one party would be found to perform their
part of the agreement, while the other woill• I be at
liberty to do as much or as little as lie pleased.
The ship Atlanta, from Sydney, brings dates of
only Nov. 11, but is supposed to have gold on
board.
The Overland Mail has arrived at Alexandria,
and her accounts are expected here by the 17th
inst. via Marseilles.

The steamer Canada has 180,000 dollars on board
Advices from New York state that the Stock market
was heavy. The amount of stock redeemed at the
Treasury since the 18th Feb., was 186,300 dols.
The last weekly return of the City Banks, com-
pared with the previous week, redeemed an increase
in the discounts of 831,631 dols., but a decrease in
deposits of 533,024 dols., in circulation of 15,150
dols., and in specie of 529,691 dols. Flour was
dull and rather cheaper.
From Buenos Ayres we learn that produce of
every kind was scarce and very high.

THE WAR IN THE EAST.

The following is from a Berlin letter of the 9th :
—" At this difficult and fatal moment for Prussia
and Germany the most disquieting rumours on the
attitude of Prussia are in circulation. A letter
from the Empress of Russia, received some days
ago by our Court, has 'riven rise to them, and they
are corroborated by the fact that M. de Manteuffel
offered his resignation. Bat we learn that the
statement that Prussia will make common cause
with Russia is destitute of foundation, and that the
King himself has so said in presence of a dis-
tinguished personage. As to the letter of her
Majesty the Empress of Russia, it has produced
a profound impression at Court. It was shown
to M. de Manteuffel, and he, after reading it,
declared that, regard being had to the interests
of the State, he could not abandon the counsel
lie had given to the King, and that he could not
conscientiously change his opinion on the Eastern
question. This declaration of M. de Manteuffel
has been received with transports of joy wherever
known. It must be admitted that the antipathy.
to Russia has considerably increased since the state-
ments made by the English Cabinet respecting the
conduct of that power, and that even in circles well
disposal to her a ehango of opinion is remared.
Count de Furstenberg-Stamenheim has hen re-
ceived by the King in private audience. It is said
that he spoke to his Majesty in very independent
terms, and declared that a policy favourable to the
designs of Russia would produce the most de-
plorable effect in the western provinces •of the
monarchy."

Another Berlin letter of the Bth, says :—" There
can no longer lie any doubt of a crisis in the policy
of neutrality of Prussia. Contradictory reports
are in circulation, and nothing positive is known.
Among other thinks spoken of is a note of the
English Cabinet demanding a definitive declaration
front Prussia, and which calls to mind the formal
diplomatic words in which the English Cabinet
sees an obligation for Prussia to declare herself in
certain eventualities against Russia. Gs‘neral
Count de Nostitz will, it is sail, be sent to L..ndon
to replace the Chevalier Bunsen."
The Berlin journals of the Bth state that Count
Von der Groeben, general of cavalry, anal aide-de-
camp to the King, had left on au extraordinary
mi-sion for London, and that Prince de Holienzol-
lern-Sigmaringen, and M. de Manteuffel, junior,
were about to leave on similar missions for Paris
and Vienna.

The Austrian Corresponclenz disavows a separate
Russian policy. The Austrian, Prussian, and
Germanic policy, it says, is identical on the Eastern
question.

We read in the Journal des Debats:—"OurVienna
correspondents dwell on the new propositions sent
from St. Petersburg, under the form of a counter-
proposition to the project of the conference of 13th
January. Our correspondents affirm that these
propositions had not been rejected, and that they
did not cease to be the object of the deliberations
of the conference, as was also the ultimatum of the
Western Powers. It was said at Vienna that the
character of these deliberations was not so exclusive
of a pacific solution as might have been believed.
On the other hand, however, from information
which we 'have received, also from a good source,
the rejection of the new propositions of St. Peters-
burg by the conference is really a fait accompli.
What we believe certain in all this is, that M. de
Kiarteleff has not left Brussels, where lie is detained
by the instructions of his Government, and that
M. de Bruuow has received orders to leave Darm-
stadt, and to go also to Brussels, where he will
remain provisionally."
A letter from St. Petersburg of the 2d, says :
" People only occupy themselves here with the
warlike preparations for all eventualites by land or
sea. Twenty thousand pounds of gunpowder for
the navy have been sent from Crtinstadt and St.
Petersburg to Petrozamock, and cannons and
shells have been sent to Cronstadt and Archangel.
Abut 40,0001b5. of gunpowder are to leave for
the latter town. The war forts are being fortified
and the coast batteries strengthened. The Guards
and Prince Paskiewitch are to leave us shortly. The
Prince will first of all go to Warsaw. Patriotic dona-
tions are continuing to he made. New vessels are
ready. The screw man-of-war the Orell, of 84 guns,
and 500 horse-power, is almost terminated. The
construction of the screw frigate Maria, of 46
gun, is rapidly advancing. These reinforcements
for the Russian fleet are worthy of remark, as it is
not strong in steamers. It is believed that Mar-
shal Paskiewitsch will receive diplomatic powers,
and Prince Menschikoff also."

It is stated, in a letter from St. Petersbnrgh of.
the 24, that M. Zalewski, a clerk of the Bank of
Poland, and M. Pleffzinski, an actor, have had
their property confiscated, in consequence of their
having gone abroad and joined the Democratic
Polish Association.

Letters from France and Belgium state that
notwithstanding the Eastern question imposed a
check upon business generally, the iron trade was
in a prosperous condition.
The reception given to the French loan is satis-
factory, and the new plan of an open subscription
is quite in accordance with that bold policy which
characterises the Government of Louis Napoleon.
There can be no doubt that a large amount of it
will be taken up here, Messrs. Charles Devaux and
Company having opened lists for the purpose. The
price at which the stock is issued leaves a fair
margin for profit, compared with the quotations
current on the Paris Bourse.

If we may believe a letter from the Eider, pub-
lished in the Berlin Gazette, the Danish Govern-
ment has ju,t put in force an old ordonuance, which
interdicts vessls of war from entering the port of
Copenhagen beyond the Trekioner battery. A feu
appears to he entertained that England will regard
this measure as a kin l of breach of neutrality.
According to a letter from Bucharest of the
25th ult., it appears that the Russians will not
cross the Danube until about the month of April,
for, although they are continually receiving rein-
forcements, they have only 140.003 men ready for
combat ; that is to say, 50,000 in Lesser Walla-
chia ; from 65,000 to 70,0i)0 in Upper Wallach a,
between Aluta and Ibrail ; and 24,000 between
Ibrail and the mouth of the Pruth. It appears
that the Russians have abandoned their plan of
operation, which consisted of passing the Danube
between Kalafat and the Servian frontier. General
Schilder, who proceeded from Galatz to Ibrail,
went there for the purpose of repelling the attacks
of the Turks, and not to prepare for crossing the
Danube.

Accounts from Krajowa to the Ist. mention
that on the return of fine weather, the corps of in-
vestment will be divided into two lines. The first
will maintain its present positions, and the second
will be established in a camp. It would appear
from this that the attack on Kalafat, which was
expected in that direction, has been obliged to give
place to another plan of operations, and that the
Russians will, for the moment, confine themselves
to closely invest Kalafat, in order at a later period
to support an operation against Widdin, which may
replace Kalafat.
The Wanderer of Vienna, in a letter from Kra-
jowa, 25th ult., publishes some details on the sub-
ject of the mistake which led to two Russian
columns attacking each other in the night of the
14th, and which, it is already known, caused con-
siderable loss. It appears that the guides are
accused of having led the officers commanding the
detachments into the error. Several inhabitants'
of the country of Pogana have been arrested, and
two peasants, who are suspected of having deceived
the columns, have, it is s id, be,:n shpt.
The Journal des Dehtts some time ago mentioned
a report that 200 Russian prisoners taken at the
affair of Citate had been put to death by the Turks,
and it expressed a hope that it was unfounded.
The Journal de Constantinople in one of its recent
ntunbers affirms positively that nothing of the kind
occurred , and that the calumnious report could
only have been invented by the enemies of Turkey.
Accounts from Constantinople to the 27th state
that the Greek insurrection in the Epirus had pro-
duced great sensation ; but they give no new de-
tails respecting it. Part of the garrison of Con-
stantinople was about to he sent off to quell it,
and other measures were to be taken fur the same
purpose. Dr. Fauvel, who had been charged
to inspect the medical service of the army on
the Danube, returned to Constantinople on the
24th. He stated that the situation of the army
was satisfactory ; he left only one hundred and
eleven sick at the head-quarters at S3htini:a, and
yet ho had been present at the combats between
the Turks and the Russians at Rustchuk. A fact
worthy of remark is that the Latins (the Christian.
Catholics) of the place had. taken part in the com-
bats ; they went, headed by the crucifix to the
ramparts, and served the guns with zeal. The war
on the anube, in fact, is not one merely between
the Christians and the Mussulmans, but it arms
the Catholics against the Greeks :---thus, in Omer
Paella's army there are 8,000 or 10,000 volunteer
Catholic Albanians who do not fight against the
Russians with less ardour than the Turks, and it
is announced that they will soon be reinforced by
2,000 or 3,000 Maronites of the Libanus.
Omer Pacha arrived at Widdin on the 24th, and
had a long conference with the commandant of the
fortress. He was to inspect the camp at Kalafat,
and visit all the militarypositions along the Danube,
as far as Matchin.

Scarcely any business is doing in English Stocks,
the transfer books being closed for so many of
them ; but the tone of the market is better. Con-
sols have been 91 to 911 for transfer and account.
Exchequer Bills have advanced to 10s. and 16s.
premium. Bank Stock for account is quoted 220.
Foreign Securities have been very inactive like-
wise, but are firm. Mexican have been done at
241, and Peruvian ex. dividend at 63. Russian 5
per Cents. have been at 90, being rather firmer.
Sardinian Stock is 791. Spanish 3 per Cents. have
been 371, awl the New Deferred 18g.
The Railway Share Market has been more buoy-
ant, although the transactions are not large. Ca-
ledonian, Gie tit Northern, Great Western, and
South• Eastern have been ctiiefly dealt in. French
Shares are looking up.
BxITISI Apres.—Business much the same as last
reported. A few inquiries still making for M try
Antis, Alfred Consols, Midlands, Poltimore's Great
Alfred CmAols, North Pool, Treweather, Great
Crimis, and TremJllett Downs.
The current prices for the Jamaica mines, not
officially quoted, are as follows :
Metcalfe; to premium ; Sue River, 1 discount
to par ; Port Royal, to premium.
The Gold Mine Shares have been nominally
rather firmer.
The sham of the Joint Stock Banks are a shade
better, exce)t the English and Scottish, of Australia,
upon which there is a further " call."
The Land Companies' shares remain without
alteration.

BRITISH FINDS THIS DAY.—CLOSING PRICES.
(Prom the Official List.)
Business done.
Bank Stock ..... —. ... . .... ......... shut
3 per Cent. ReWeed innuiti. es shut
3 per Cent. Colsols Annuities 9lf 1 i
Long Annuitie; Expire sth Jan., 1860
Ditto 30 Years Expire 10th Oct., 1859 shut
Ditto 30 Years Expire sth Jan., 1860 4 15-16 5
Bank Stock for Account 220 1.4
Consols for Ac4unt 16th, March
Exchequer Tills, ld.
£IOOO
2500 l6 10 14 p
Small - l6 10 14 p
PRICE 05 FOREIGN FUNDS THIS DAY.
Brazilian Bonds 5 per Cent. 99
Buenos Ares Ands, 6 per Cent 564
Danish Bonds, '825, 3 per Cent —
Uitto 5 per Oa ........ ........... ......
Mexican 3 per (mt.
Peruvian Bondi, 44 per Cent. 63 x d
Peruvian 3 per lent.
Russian Bonds, .822, 5 per Cent. £ St
Ditto for the .ccount. 9O
Ditto 44 per. tent B2

Fardinianifonds 5 per Ceut ~. . ..... 79A i
Spanish Bonds, i per Cent 37i
Spanish New Deerred, 3 per Cent. lB
Ditto Passive Converted) 3i
Dividend on the above payable in London.

THREE O'CLOCK.
Consoles
Ditto Web knout , 911 1

least on the subject of his mission, as it has been
stated to me in an official quarter that the said
mission will not be favourably received. There
apperrs to be little doubt that the King of Prussia
has been influenced to take the step he has done by
the Empress of Russia. The neutrality of Prussia
will probably be one of expectancy. Of Austria
the opinion among official persons seems to-day
more favourable, and it is believed that should the
Russians make the move in advance already no-
ticed, Austria will, after all, act as becomes her.
The .I,loniteur of yesterday says Prince Hohen-
zollern Siegmaringen has arrived on a confidential
mission from the King of Prussia.
The Moniteur also contains the composition of
the army of the East.
Commander-in-Chief, Marshal St. Arnaud.
Head of the Staff, General de Martinssrey.
Commander of Ist division, General Canrobert ;
Ist and 2d brigade, Generals Espinasse and Vinoy.
Commander of division,2d General Bosquet ; Ist
and 2d brigades, Generals autemarre and Benat.
Brigade of Cavalry, General Dallonvile.
Corps of Reserve, Prince Napoleon.
Head of his Staff, Colonel Desmarets.
Reserves and Park of Artillery, Lieut.-Colonel
Roujouz. _ . .

Reserves and Park of Engineer; Chef de Batail-
lon Guerin.

The Duke of Saxe Coburg left Paris on Saturday

night.
Government papers say Prince Napoleon's re-
serve division will be brought into action at the
very beginning of the campaign.

The 31 oniteur publishes the following monthly
debtor and creditor account of the Bauk of France,
made up to Thursday last:—

Capital
Reserve fund

Reserve imtnobiliere

Da.

91,250,000 -
12,980,750 14

4,000,000 -

Notes to bearer, in circulation -
Do. of branch banks 130,664,075 --

6,573,970 99
11.459,591 -
60,331,849 31
.. 132,210,789 17
24,978,963 -
719,191 25
5,281,996 96
5,540 90
1,289,106 12

Do. to order (Post bills)
Bills payable at sight
Account-current of Treasury Creditor..
Various accounts-current
Do. branch banks
Dividends to be paid
Discount, interest; and expenses
Commission on deposits
Re-discounts of the last half year
Sums received over and above the

value of the protested bills

Sundries

75,427 66
621,772 5

950,488,723 55

Cash and ingots
Cash at the branch banks

Overdue bills • 751,937 16
Bills becoming due in Paris, of which
70,263,326 f. Oc. are from the branch
banks 189,722,706 62

Bills in the branch banks
Advances on coin and ingots
Do. in the branch banks
Do. on public securities of France 24,674,036 10
Do. by the branch banks
Do. on railway securities
Do. by the branch banks -
Do. to the State by treaty of
June 30, 1848
Discounted Treasury Bonds

[tentes of the reserve fund

Rentes of disposable funds
Hotel and furniture of the Bank
Real property of branch banks 3,886,048
Expenses of administration 595,436 46
Sundries 1,304,844 50

950,488,723 55
Certified by the Governor of the Bank of France,
Count D'ARGOUT.

Some speculators assembled on the Boulevard
yesterday, and the French Three per Cents. were
done 20 cents, higher, at 66f. 70c.

GREECE.

The Observateur of Athens, of the 27th ult., gives
the following on the Greek insurrection :

"The number of insurgents goes on increasing every
day ; the inhabitants everywhere rise and join those who
are besieging Arta, the number there now amounting to
2,500. On the 6th 500 men, under the command of
Lieutenant D. Grivas, passed the river Arta, in order
to surround the town on all sides. The Christians of
Laka have taken up. arms, and endeavoured to take
possession of the fort at Souli, but they were repulsed
by the Turks, who kiwi been informed of their inten-
tions. The inhabitants of the village of Alrafa marched
to B mikovitza, to the assistance of J. CEconomos and
different other priinates, who had been attacked by
some Albanians, who had come from Aspropotatuos.
The latter were compelled to retreat. with the loss of
seven killed and four prisoners. On the Bth Grivas took
possessioa of the monastery of Viacherna and the vil-
; loges of Grammetritza and Marati, afier having destroyed
the bridge of Pecena. A part of the garrison of the
fort of Arta having wade a sortie, a sanguinary affair
took place, in which several were killo I and wounded
on both sides, The Turks were compelled t,) retire. A
corps of 300 men has been. formed at B iris, in the pro-
vince of Aspropotamos, which all the primates and the
inhabitants of the neighbouring villages ha l joinetl."
A letter dated Athens, February 27, says
" Tie lateness and the extreme rigour of the
winter this year is quite unusual for this climate ;
for nearly a month the whole of Greece has been
covered with snow, and there is no appearance yet
of the weather breaking up. All communications
are intercepted, and the military operations in the
Turkish provinces have been very much retarded.
The insurrection, however, in spite of this unhoped-
for drawback, has continued to extend. Arta, Pre-
vesa, Zoumerka, and Souli, in Epirus, Aspropota-
mos (the ancient Achelous), Agrapha, and Chassia
(the ancient Peneus), in Thessaly, are all under
arms, and the Greeks all over Turkey are preparing
to follow the example, and write most pressing let-
ters every day exhorting and beseeching those of
their former chiefs who are now employed in the
kingdom of Greece to take the command of them.
Several hove already responded to the call of their
countrymen. Lieutenant-General Rangos, a man
of great influence in Thessaly, has sent in his resig-
nation, saying that his duty to his suffering coun-
trymen now
,fighting for their liberty being no
longer compatible with his duty as an officer in the
Greek army, he resigns his rank in the service.
General Theodore Grivas, General Stratos, Colonel
Zervas, Col. Papacosta, and several others have done
the same, and the Government cannot refuse to ac-
cept these resignations in the fear of seeing them go
over into Turkey with theirrank in the Greek service
which would be still worse ; or being forced to declare
them deserters, which would be too dangerously
unpopular a measure in the present crisis. Several
engagements have taken place near Arta, in all of
which the Christians had the advantage. The
Turks had retired into the citadel, where they
were on the point of surrendering, but the violence
of a snowstorm had forced the besiegers to take a
temporary refuge in the neighbouring
The important position of Pentepigadia (Five
Wells) is still held by the Greeks, under the
command of the chief Zikos, and the Thessa-
lians occupy the passages of Mount Pindus,
by which they communicate with Epirus. A re-
port was spread here yesterday that the Greeks
had taken the town of Prevesa, a most impor-
tant position, which would ensure the emanci-
pation of the whole of Epirus ; but this news
wants confirmation. It was said to have been
brought by the Hercules' a French steamer, which
certainly arrived express from Prevesa the (lay be-
fore yesterday ; but others say that the otters
only described a great combat which had taken
place under the walls of that town, and in which
the desperate bravery of the Greeks had excited
their utmost admiration.

One may consider as an indication of -the live of
policy the Greek Government is decided upon fol-
lowing, the recent nomination of the illustrious
2liilhelleue Sir Richard Churcl, to the rank of
lieutenant-general, who had formerly, in a fit of
pique against the Government, resigned the mili-
tary service, and retained only his position as
senator, where he invariably voted with the Oppo-
sition • and as General Zavellas, the inspector-
general of the army has ids') announced his retreat
from the service, in order to partake the dangers of
his countrymen the Suuliotes, that important post,
which is one of great confidence, has been offered
to General Church.
By advices from Corfu, of the 9th, received via
Vienna, we learn that three Turkish steamers had
landed 2,500 men at Prevesa.

SPAIN.
From Madrid we have advices to the 7th inst.
The Government and the Supreme Tribunal of
War and Marine had both rejected the grounds of
defence alleged by Goneral Jose Concha in a memo-
rial delivered by him to the Spanish Consul at
Bordeaux.

The Three per Cents. were done at 35.
A letter announces that perfect tranquillity pre-
vailed both in Madrid in the provinces ; that M.
Galilea, one of the editors of the Tribuno, who had
been sent to Cadiz, had, at his own request, re-
ceived a passport for France; and that the Duko
de Rianzares had left for Tarancon to attend the
fete of his mother.