The Sun.
London, England, 1853-07-12 00:00:00

Assembly, and to add to the unpleasantness of the
affair these very salaries are the point in dispute.
The Assembly demands a reduction of 20 per
cent., as necessitated by the undeniably diminished
resources of the island. The officials plead a
vested right in their salaries. Each side has much
to say in its own behalf ; but, under all the cir-
cumstances, we agree with the Duke of NEW-
CASTLE in thinking it not very creditable to the
Council to persevere so strenuously in the cause
of their own salaries merely, since it is
not pretended that they can continue the same
salaries to their successors. High-minded men,
not blinded by passion, would have protested and
submitted, and to secure among themselves
14,000/. a-year would not have sacrificed 1,000/. a
day of the island's revenue, by rejecting the bills
which voted the supplies minus the reductions.
Mr. BARKLY has certainly set them the right
example. The salary of the Governor has already
been reduced from £B,OOO to .£6,000. He
wished his own salary to be reduced from that
sum to £5,000 immediately, as an earnest of the
course which he considered it essential to take.
In Guiana he had in like manner, on learning
that it was wished to lower all salaries, sent them
word at once to take £l,OOO off his own as
Governor. The House then, however, refused to
accept the offer during his Governorship ; and no
one would be sorry to learn that the planters
in Jamaica were capable of a similar appreciation
of disinterested conduct in high station.

Besides sending them such a Governor, the
Duke proposes to offer them the credit of this coun-
try to enable them to pay 3 per cent. instead of 6
per cent. on their debt of £700,000 ; also a loan of
£50,000, to enable them to abolish, by moderate
compensation, a considerable number of offices,
which, in fact, is more needed than the retrench-
ment in salaries. It is proposed, however, that
out of about 15,000/. saved to them by the loan,
they are to apply the larger half to the formation
of a sinking fund which will cancel the whole debt
in about 30 years. It is also required, as an essen-
tial condition of the aid, that the Assembly shall
place the taxation on a similarly permanent footing
to that of the mother country ; and that the As-
sembly itself shall renounce its present anomalous
powers, in virtue of which it combines with its
legislative functions administrative and financial
functions also. It is quite evident that the
grossest abuses do, as might be expected, arise
from such an arrangement. Each member
seeks the favour of his constituents, by any
job he can palm for them upon the island
exchequer ; each again to carry his own
point must help others to carry theirs. This,
together with their taking the management of the
public roads, contracts of service, collection of
revenue, and, to a great extent, the parochial
taxes also, directly into their hands, has resulted
in a system of gross and ruinous mismanagement
and jobbing• Not unless all these abuses be freely
corrected does Government offer to guarantee the
requisite credit for reducing the interest of the
debt, and diminishing the number of officials. The
Duke of NEWCASTLE looks to responsible govern-
ment as the desirable issue of the present struggle.
The Earl of DERBY sees in this, in our colonies,
only the rule of party ; Earl GREY foresees the
same result, but still thinks the rule of party in-
finitely preferable to the present system, which,
indeed, is just now a perfect dead-lock. We think
that though party, as under a WALPOLE or a PITT,
may domineer for a time, it must yield ultimately
to responsibility and open discussion.

COURT CIRCULAR.

THE HEALTH OF THE PRINCE CONSORT.
The following bulletin of Prince Albert's health was
issued yesterday :

"BUCELNGRAM PALACE, Monday, July 11.
" His Royal Highness Prince Albert is passing
;hrough the disease favourably.
"JAMES CLARK, M.D."

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

The Queen, accompanied by the Princess Royal and
the Princess Alice, and attended by the Hon. Flora
Macdonald, took a:drive yesterday morning in an open
landau and four. Colonel Bouverie, Equerry in Wait-
ing, attended on horseback.

CITY, TWO O'CLOCK.
The sales of cotton at Liverpool, yesterday, were esti-
mated at 8,000 bales, of which 3,000 American were
taken for export and on speculation. The market closed
firmly. The sales comprised 6,500 American, 120
Pernam and Maranham, at 60. to 74d. ; 20 Bahia at
bid. ; 300 Egyptian at bpd. to Bd. ; and 1,000 Surat at
31d. to 4id. per lb. Railway shares were steady but
firm.

-Her Royal Highness the Duchess of Kent visited her
Majesty yesttrday.
Mr. Dumbell and Mr. Canister, members of the
House of Keys, of the Isle of Man, and Mr. J. Mea-
dows White, as a deputation from the House, had an
interview with Viscount Palmerston yesterday at the
Home-office on the subject of the Customs Duties Bill
affecting that island.
A deputation from the Local Board of Health for
Dartford had an interview yesterday with the General
Board of Health at their office, Whitehall. The deputa-
tion consisted of Messrs. Tasker, Sanham, and Hay-
wood, and were attended by Mr. Johnstone, the Sur-
veyor to the Local Board.

In the private letters from Germany and France there
is this morning no particular information in addition to
that received by the public journals, but the view taken
of the last " Circular " of Count Nesselrode is that it
proves wavering on the part of Russia. There are many
here who entertain precisely the same opinion, after
careful dissection, throwing aside the verbiage and the
Jesuitical pleading of the document.

The state of the Buenos Ayrean markets is very well
described in some remarks by the editor of the British.
Packet, and should be well considered by exporters. He
observes that :

" The effective demand or actual consumption has been
still less, there' is a positive addition to e4sting stocks,
that is much to be regretted ; as it onlf depresses the
general market, entailing a direct loss on both importer
and retail dealer, without a proportionate or appreciable
benefit to the ultimate consumer.

" Foreign manufacturers, we presume, reason in the fol-
lowing manner :—That goods once prepared for the River
Plate market may as well be forwarded to their destina-
tion, so as to be in readiness when wanted. They aro only
dead stock in England, for example, and the additional
amount of freight and charges is balanced by the chances
of a sale.

" Were they new articles, or the only articles of the
same kind in the market of their destination, this argu-
ment would be plausible ; and the probabilities of the
adventure a legitimate problem of mercantile calculation.
But circumstances alter cases, and if the market be sup-
plied, and abundantly supplied, with the same or similar
goods, the hazards of the adventure are no longer confined
to the direct remittance, but re-act on the whole previously
'existing stock. This has been the effect of the late arrivals,
and must continue to be the consequence so long as the
present state of things last.
. .

" Some inquiries were being made for the interior
provinces, but the decree declaring the city in a state
of rigorous seige, with the consequent closing of the
custom-house, prevented their execution at the mo-
ment ; and it is not unlikely that the parties inte-
rested may have had recourse to Montevideo, or some
other point, where the articles could be procured. By a
recent decree, the government has re-opened the custom
house, both for shipping and discharging ; an arrangement
that ought not to be deviated from, except in cases of ex-
treme emergency. In attention also to our exceptional cir-
cumstances, it has declared the port open for the introduc-
tion of wheat, flour and provisions of every description for
man and for beast ; abolishing provisionally the established
duties, and ordering every facility and encouragement to
be held out for the traffic.
"In this department the general market has hitherto
been abundantly supplies, with less variations in prices
than might have been expected in the circumstances.
The articles most in demand are flour and coal ; which at
present command exorbitant prices.
" As to return-cargoes, our prospects are as bleak and
unsatisfactory as our bitterest enemy, General Urquiza
himself not excepted, could possibly desire. Stocks of ex-
port produce in the city are completely exhausted, and we
believe that few of the foreign vessels—certainly none with
any pretensions to decency—have availed themselves of
the illicit contraband of the besiegers."

The English Funds have been very steady, but not
so buoyant, and this is ascribed to the numerous "op-
tions" that are outstanding. The jobbers who have
- sold these "options" will naturally desire that the mar-
ket shall be kept as quiet and free from fluctuation as
possible, to prevent the "takers" either putting or
calling their stock, and it remains to see whether money
sales or purchases will frustrate this intention by pro-
ducing any marked"change. Consols have been 98 to 5
for Money and Account. The New Three-and-a-Quarter
per Cents. are 101/ to f, and the Three per Cents. 984 5.
Bank Stock is firm at 228/ to 2294. South Sea Old
Annuities have realised 1001. Exchequer Bills are
down ls., being par to 2s. premium. East India Bonds
are 235. premium.
Foreign Securities have been looking better gene-
rally. The Swedish Loan is at Ito 14 premium, being
a further advance. Russian Bonds have been quoted
and Belgian 45 per Cents. at
1165, and Dutch 25 per Cents. 634 to 645 ex dividend.
A
per Cents. have been 44, and
97utsotriai. Austrian Bpooardt
us
guarees
e 874,
Spanish Deferred 221 5. Peruvian 45 per Cents. have
risen to 1 discount. _ _ _

The Railway Share Market has been very inactive,
and prices consequently are not buoyant. French Shares
have been entirely neglected.
The Australian Bank Shares are heavy. The Land
Companies Shares have continued flat. Some of the
gold mines are a little firmer.

BRITISH FUNDS THIS DAY.
(From the Oficial List.)

- Bank Stock
2291 8a
3 per Cent. Reduced Annuities.... ......
3 per Cent. Consols Annuities 9B 8 *i 8 x d
New 34 per Cent. Annuities lOlB i
Long Annuities, Expire sth Jan., 1860
Ditto 30 Years, Expire sth Jan., 1860 5 9-16
India. Bonds, £lOOO 23
Ditto, under £lOOO
South Sea Old Annuities
Consols for Account 9B i 71 8
Exchequer Bills, ld.
£IOOO
£5OO 4 p
Small 4 p
PRICE OF FOREIGN FUNDS THIS DAY.:
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 4i per Cent 99 x d
Equador Bonds
Mexican 3 per Cent.
Peruvian Bonds, 4A per Cent.
Portuguese Bonds, 5 per Cent..]
Ditto Ex all over-due Coupons 42
Ditto 4 per Cent.
Russian Bonds, 5 per Cent.
Ditto 4* per Cent.
Sardinian Bonds, 5 per Cent 941
Spanish New Deferred, 3 per Cent 22a * x d
Swedish Loan l4 1 p
Dividends on the above payable in London.
Austrian Bonds 5 per Cent. 10 Gu. 2. ... •• • 87
Belgian 4i per Cent.
Dutch Exchange, 2A per Cent.
THREE O'CLOCK.
Consols for Opening 19th July 97e 8 a d

BANKRUPTCY COURT.-(THIS DAY.)

(Before Mr. Commissioner Fonblanque.)

ST. JAMES'S THEATRE.—.Donna Diana is the name
given to a very sprightly comedy. Great elegance of
language, combined with pointed wit and keen satire,
softend down, withal, by delicate sentiment, are its cha-
racteristics. This comedy, as given last night at St.
James's Theatre, is an adaptation, by Carl West, of the
original Spanish comedy by Moreto, a contemporary
and a rival in fame of Calderon. Nor is it in Germany
alone, where for more than thirty years it has main-
tained a high place on the stage, that it has been
adapted. In France, Moliere made it the groundwork
of his Princesse d'Elide ; whilst in Italy, under the title
of the Principessa Pilosofa, Gozzi obtained for it a most
favourable reception. The play was eminently success-
ful ; and praise is due to the performers for the manner
in which they filled their respective parts.
DRURY-LANE THEATRE.---The professional friends of
M. Jullien having united together to present that gen-
tleman with some token of their respect previous to his
departure for America, gave a concert last night at
Drury-lane Theatre, over which the maestro himself
presided. The house was crowded, and the reception
that he met when he took his accustomed place in the
orchestra, proved that the public, no less than the pro-
fession entertain the warmest feelings of regard for one
who has been a frequent and active minister to their
pleasures. The fittings provided for the bal masque this
evening were used upon the occasion, and the orchestra,
which spreads its huge length across the back of the stage
upon those popular festivals, was brought into requisition
now. The instrumentalists mustered in great force—few
orchestral players of any eminence being absent. The
programme was of a more varied character than that
usually constructed for a promenade concert. The
music to Meyerbeer'a. Struensee, the allegro and storm
movement from Beethoven's Pastorale, the British
Army quadrille, and the overture to Oberon were the
principal compositions in which the orchestra was con-
cerned. The directors of the Royal Italian Opera,
joining in the general desire to serve Jullien, permitted
Tamberlik, Formes, and Madame Castellan to sing, and
the "Il mio Tesoro" of the first-mentioned artist, the
"Va sbratnando " of the second, and the " 0 luce di
quest' anima" of the third, provoked not only hurri-
canes of applause, but in two of the cases vociferous en-
cores. Madame Doria also sang, and Herr Reichart
played his " Carnaval " variations on the flute as only he
could play them. Later in the evening Mr. Sims
Reeves was announced to sing ; likewise Miss Birch
and Miss Dolby. The concert during the time we were
present went off with every symptom of satisfaction, and
the crowded state of the house intimated the agreeable
fact that the pecuniary results were likely to be con-
siderable, the more so as the ordinary tariff of admission
was increased one hundred and fifty per cent.
STRAND THEATRE.—Last night was performed, for

IN RE EGAN.

the first time, in this theatre, the grand burlesque
Italian opera, "Sambo Dampalus, King of Tim-buc-too
by Act of Parliament." In the production of this new
play, the lessee, Mr. Al'croft, has attempted, as he him-
self says, to render the operatic burlesque more popular
than it has hitherto been ; and in this, we may predicate
that his efforts will not have been made in vain. With
this view, he has selected some of the best morceaux in
the chefs-d'csuvre of Rossini, Donizetti, Mozart, Auber,
Balfe, &c., and has adapted them with great taste to
the new lbretto, to which the jovial among the public
were treated yesterday. It may be stated that the com-
position of the latter was suggested by Byron's Sardan-
apalus, but has undergone a complete transformation,
and received a more stage-like appearance ; for Byron,
it is known, never intended to have that brilliant fancy
of his prepresented. The sceneries were as beautiful as
could be expected ; the dresses sparkling. Upon the
whole, this new piece is an agreeable one, and is likely
to be long a favourite.

THE HACKNEY CARRIAGE ACT.—Yesterday being the
day appointed for the Hackney Carriage Act to come
into operation, the various stands for the temporary loca-
tion of cabs presented an appearance different to what
they have exhibited for many months past. There were
several new vehicles turned out, and there was nowhere
to be seen those crazy and almost broken down cabs,
which were dangerous under the old regime for any one
to enter. The effect of the new act will be to take off
the road those speculators in cabs who were indifferent
to the public convenience, and whose vehicles yesterday
were nowhere to be seen. In the evening, omnibuses,
in compliance with the Act of Parliament, had lamps in
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THE SUN, LONDON, TUESDAY EVENING, JULY 12, 1853,

This bankrupt was described as of Knightsbridge,
ironmonger. The accounts are in course of preparation
by Messrs. Robinson and Knowles, but the amount of
debts and assets have not been ascertained.