The Sun.
London, England, 1854-04-15 00:00:00

THE SUN, LONDON, SATURDAY EVENING, APRIL 15, 1854.

so ?) to cut the connection of the Govern-
ment, does it not occur to them that the
Government, on its part, might possibly be at
least equally ready to sever its connection with
the Bank ?" Couple this with the limit for the
establishment of a really national bank which
would undertake the management and payment
of the dividends on the debts, and with it " the
power of creating twenty or thirty millions of
money, and employing it for any purpose which
might be thought proper, and the holding in its
own hands some ten millions of the public debt !"
From these things, it is manifest that there is
something very much out of the common going
on. The old proverb tells us that when certain
classes " fall out, honest men come by their own."
And we certainly augur very favourably for the
cause of monetary reform from this decided split
between the Bank and the Exchequer.

'ONP ALT .1411liKET

AND

COMMERCIAL IA TELLIGENCE.

CITY, TWO O'CLOCK.
The Cotton and Share Markets at Liverpool yes-
terday (being Good Friday) were closed.
Accounts from New York report a dull stock
market. Money was rather tight. Freights were
quiet. Breadstuffs were in limited request. Fo-
reign manufactures were in good demand, and the
supply was adequate, but the prices realised were
not altogether satisfactory.
• Advices of the 14th inst. from Copenhagen report
that H. M. frigateAmphion was ashore near Dragoe,
and that all attempts to get her off had, up to that
time, proved fruitless.

The account of the Bank of England, made up
for the week to the Bth inst. presents numerous
changes, all referable, more or less, to the divi-
dend and other quarterly payments. The sum to
the credit of the Chancellor of the Exchequer was
largely drawn upon, while the balances of indi-
vidual depositors were greatly increased. The
increase in Government Securities represents pro-
bably, the loans upon deficiency bills. The dis-
counts, it will be perceived, were less in amount,
but there was a further withdrawal of bullion.
Compared with the previous week, the changes are
as follows :

Active circulation
Increase
Bullion
Decrease
Rest

£22,410,850
726,610
14,140,599
309,119
3,154,657
Decrease 602,919
Public Deposits 2,683,754
Decrease 1,762,034
Other Deposits
Increase 2,782,835
Seven-Day and other Bills
Increase 75,450
Government Securities 13,939,132
Increase 2,331,516
Other Securities 15,720,271
Decrease 802,455
Notes unemployed 4,968,755
Decrease 1,029,500
The amount of silver exported from London
direct during the week to last Thursday was
188,827 ounces, and of gold, 4,020 ounces, nearly
all to Hamburgh.
There has not been an active market for public
Securities, but the transactions are at steady prices
generally. Consols have varied from 871 to 87i
for transfer, and from 878 to for account. The
New 3± per Cents, have been 871 to 87k. Bank
Stock continues firm at 214 to 2141. East India
Stock is worth 225 to 230. Exchequer Bills have
been at par to 45., and India Bonds at 2s. premium.
Foreign Stocks have been mostly nominal, and
not higher in value. Spanish Threes have been
quoted 36, and Mexican 231 to 24. Brazilian Old
Bonds have realised 94. Russian 5 per Cents. have
been at 92, and Dutch 4 per Cents. at 851.
The Railway Share Market has been flat, mainly
from paucity of business, and Great Northern,
Great Western, Midland, and some of the other
principal lines have been dealt in at lower rates.
The French shares are nominal.

The Gold Mining' Shares are heavy, and the
Chartered Bank of India, Australia, and China
have been done as low as ss. per share, or 14
discount.

LATEST FOUEIGN .NEWS.

THE BALTIC.

HAMBURGII, APRIL 14.—Admiral Napier having
received a report from Admiral Plumridge that
eighteen Russian ships of war, authored at Hel-
singfors, wished to gain the port of Revel (Cron-
stadt ?), is making ready to attack them.
COPENHAGEN, APRIL 14.—The British frigate
Amphion, 34, Captain A. C. Key, is ashore near
Dragoe. All attempts to get her off have hitherto
proved fruitless.
The French liner Austerlitz, 100, has arrived at
Kioge Bay.

of the other, and therefore, if Prussia so chose, she
might neutralise the intentions of Austria and pro-
vent her from making war upon Russia. Austria
will not yield to this, and it is expected that the
fear of isolation will at length overcome the last
scruples of Prussia, and Mduce her to ratify the
Convention as at first set forth.
A Berlin letter dated April 11, says ;—" The
history of the present treaty of alliance, offensive
and defensive, between Austria and Prussia, which
was provisionally concluded here last Friday, but
has since met with some objections at Vienna as
regards certain military stipulations, may be traced
thus :—Prussia, after rejecting the overtures of
the 'Western Powers in February of this year, and
the second edition of them as published by Austria
in the beginning of March, began soon to feel
sensible of the dangers of isolation ; for it was evi-
dent that Austria did not intend to be held back
by Prussia's determined neutrality, and that, if
the latter would not go forward with the former,
the former would not wait any longer for the
latter, but would proceed to occupy Servia,
as soon as see could arrange matters with the
Western Powers and the Porte. A despatch sent
from here to Graf Arnim at Vienna, under date of
March 6, runs pretty nearly thus „:—The measures
that Austria had taken for the protection of her
interests on her south-eastern frontier had been
followed with interest here. Prussia would, it was
true, like the rest of the German States, have to
observe the particular position she should take up,
but this should offer no hindrance to her coming
to an understanding with Austria. On the con-
trary, Prussia was quite ready and willing to come
to some understanding, as far as the protection of
German interests was concerned. Information
was therefore requested-1, whether Austria in-
tended, for the preservation of the tranquillity of
her own provinces, to occupy the adjacent Turkish
territories ? or, 2, whether she intended to hold
them as a pledge until peace was attained ? or, 3,
whether she intended to take an active part in the
war ? According as the answers to these questions
turned out, Prussia would be in a position to judge
how far the protection of German interests was con-
cerned in Austria's programme, and if she could in
any way contribute to alleviate the pressure that
might possibly be put upon Austria by the Western
Powers. It was with the hope of turning this slight
demonstration of goodwill towards a bolder policy,
that Baron von Hess has been sent here, after
some considerable time had been lost in fruitless
diplomatic correspondence. On the first two, the
defensive points, and the mutual assurance of each
other's territory, if attacked, aperfect understanding
has been attained, but the points on which fresh
instructions have been sent for to Vienna, and to
which Austria has already objected, are those in
which the cases are defined, in which an offensive
action of Austria against Russia would destroy her
claim to Prussia's assistance. This latter is gua-
ranteed for a variety of conjunctures in which
Austria may find her own and Germany's interests
so jeopardised as imperatively to require her to
assume an offensive attitude ; but the result of the
co-operation of the two military diplomatists so
frequently alluded to has been to introduce some
stipulations on this head to which, as already men-
tioned, Austria has objected. This opposition On
the part of Austria will, I expect, have the result
that these over scrupulous and considerate stipu-
lations will be withdrawn, and that the co-operation
of the gentlemen above alluded to will in future
be as entirely a nonentity as the organs of the
party would make the public believe it has been
from the beginning. As .artn evidence of a more
wholesome appreciation of the position, I have
telegraphed to you to-day that a commission was
formed yesterday for the purpose of deliberating
ou and settling the military details of the treaty
with Austria, composed of the Prince of Prussia,
General Bonin, the Minister of War, and General
Reyher, the chief of the general staff. These are
theineu who are entitled by birth and by office to
take part in such weighty deliberations at such an
important juncture. Taken in connexion with the
signing of the last Vienna protocol, the conclu-
sion of the treaty with Austria, the vote of the
Chambers, and the continuation in office of the two
Ministers who had made the signing of the protocol
cardinal question by which they would stand or
fall, we may now confidently consider that Prussia
is fairly embarked in an onward course of Euro-
' pean co-operation opposed to the grasping policy
of the Court of St. Petersburg. General von
Lindheim has returned here from St. Petersburg
without bringing any fresh proposals, and Prince
George of Mecklenburg, who his returned hither
from Neu Strelitz, leaves here again for St. Peters-
burg next Thursday or Friday, without taking
with him anything like overtures or proposals, as
far as I have heard. The Duke of Saxe-Coburg
has on several occasions expressed a desire, as soon
as Prussia proceeds to any active military opera-
tions, to be invested with a command. The gene-
ral promotion in the army which usually takes
place at the Ordensfest, but was put off this year
in the anticipation of a more fitting opportunity
occurring soon, will now very shortly be published.
A similar movement may also be expected in the
civil service."

TURKEY IN ASIA.
The following is from Erzeroum, dated Feb. 28 :
—" Owing to the still continued severity of the
weather impeding all military operations, I have
thought that a short account of this important
place, so little known in Europe, may not be alto-
gether uninteresting, particularly as it is probable
that Armenia and Kars will be the theatre of a
sharp struggle in the coming spring and summer.
The Pashalic or Ayalet of Er-ze-Room (" Land
of the Greeks," in the Turkish language) ranks, in
point of importance, among the first of the Turkish
empire. It is governed by a Vizier, whose autho-
rity extends over the sanjaks or provinces of Erze-
roum, Tchilder, Kars, Bayazid, Van, and Moosh,
containing, altogether, a population estimated
roughly at 800,000 souls. The province of Erze-
rount is divided into 14 " cazas," or districts, con-
taining in all about 1,500 villages. It is impossible,
in this country, to obtain correct statistical infor-
mation, because the Government is indifferent to
the subject, and also because the natives are too
ignorant to afford it, or those who can do so, fear-
ing that it might be used to their prejudice, mis-
lead inquirers by erroneous statements. It is there-
fore impossible to state accurately the population
of the town of Erzeroum, but it may be estimated
as follows :
Turks
Orthodox Armenians
Catholic Armenians
Persians ..

30,000
5,000
...... 2,300
1,200
300

Greeks
Russian subjects, consisting principally of
Armenians and a few Georgians and Jews 1,200

Total inhabitants
Add garrison force at the present moment 10,000