The Sun.
London, England, 1854-07-24 00:00:00

STRAND THEATRE.

to walk into a country when fighting seemed over,
but drawing back as soon as it found it must
face enemies whom the Tub could easily van-

quish.
Yet this is the contemptible power which em-
barrasses our movements most of all. We be-
lieve the Cabinet friends of Russia would be
unable to resist the popular voice, were not
those who care least for Russia inclined to be
very court-eons to Austria, and but too willing to
please the less cruel, perhaps, but imbecile and
vacillating despot of Prussia. Two worthless
families, not two nations—the HAPSBURGS and
Horan TZOLLERN 3—not the countries they defraud
and oppress under the name of governing, have
kept the war back till they have almost lost England
and France a campaign, and doubled or trebled
the cost to this nation 1 It is a grave question,
indeed, whether a Cabinet which has thus sacri-
ficed our opportunities, our allies, our money,
and we fear in. the long run the blood
of our sailors and soldiers, to keep
square with Governments loathed by this country
only less than Russia, ought to be trusted from
under the eye of Parliament. We think it ought
not. Never was it more the duty of our repre-
sentatives to be prepared to sacrifice the pleasures
of grouse and partridge shooting if necessary, or
to submit to spend some of their time at West-
minster in the autumn, than now. The country
has paid, is asked to pay, and will be asked again
and again, and as guardians of the people's purses,
not to speak of their honour, it behoves the
members of the House of Commons to keep our
Government under its eye while the money is
being spent. The nation will not have work for
its money unless' our u • s'sters do it under their
Master's eye.
There is one thing which, after all that has
been said, the people of this country are yet ap-
prehensive of, and that is the leaning of the
Court, the unconscious leaning, as many suppose.
It is difficult to believe that when all the rela-
tionships of the highest . personages in the king-
dom are continental—German, in fact,—when
relatives of the first subject in the realm are parts
of Courts and armies all protected by the virtual
suzerainty of Russia against their own peoples, all
implicated, more or less, with Austria and
Prussia—it is difficult to believe that the
Court can wish to pursue a bold and free po-
1-icy, caring nothing whether these two Powers
and the petty States of Germany are pleased
or displeased. England wishes Germany were
sent to the dogs, to use our homely native idiom,
30 far as this war is concerned, but can, our Court
wish it ? and can therefore a Ministry which
would enjoy Court favour wish it ? No conscious
disregard of England's interests is suspected in
the highest quarters, but the country is getting
again very impatient at seeing that Austria and
Prussia can disgrace themselves to the utter-
most, and that yet they are coaxed, not
snubbed, by a Cabinet more popular with
the court than with the nation. Till all
this is altered and Germany thrown overboard,
we think it unsafe to trust our PEELITES, at least,
with the nation's money. Indeed, the true way
to bring Austria and Prussia to our feet is to
show them that we deem them as worthless as
they are. An efficient blow at Russia in the
Black Sea, especially if sustained by another in
the Baltic, would teach the craven despots of
Berlin and Vienna whose friendship was best
worth having. But for the love of NICHOLAS
and METTERNICH, these blows would have been
struck, probably, already. It is not quite too
late now, but nothing can be hoped for unless
Ministers are kept under the observation of Par-
liament.

Lessee %fr. F. W. Al!croft.
THIS EVENTNG, JULY 24,
Will be performed CHARLES THE SECOND. Characters by
Messrs. Herbert, Morgan, and Belford; Misses H. Gordon, F. Beau-
mont, and Wharton.
Followed by FAUST AND MARGUERITE.
To conclude with THE LOAN OF A LOVER. Peter Spyk, Mr.
fidney.
-tails, 43.; Boxes, 20. Cd.; Pit, 13.; Gallery,
id.; Private Box,
Al 13. to be had of Aileron, 15, New Bondtreet.

There cannot any longer be a doubt as to the
folly of.our dreaming of winning over the CZAR
to peace by mere diplomatic negotiations. That
is settled beyond any further question, by the
last document put forth as the expression of the
policy and intentions of the Russian Government.
The atrocious letter, we mean of course, addressed
in the tame of the AtrrocxAT to Baron BODBERG
by the Chancellor' of the EMpire, NzSSELICODE-L---
having reference to the Boyards of Wallachia.
Now that that most execrable evidence of the
the arrogance of the Emperor NICHOLAS, of his
cruelty, and of his desperation has been formally
placed before the world by the simple fact of its
publication—the mask has fallen from the face of
the CZAR, his wiles are scattered to the winds of

Heaven, all his spurious pretexts of right and

justice are thrown aside as no longer necessary,
and the infamy of his whole scheme glares, without
a shadow of excuse, upon the recognition of Chris-

THE SUN, LONDON, MONDAY EVENING, JULY 24, 1854

M ONE Y MA RKE

AND

COMMERCIAL INTELLIGENCE.

CITY, TWO o'CLOCK.
The sales of cotton at Liverpool on Saturday
were estimated at 7,000 bales, including 1,500
American taken for export and on speculation.
The market continued tame but steady. The sales

comprised 6,250 American, 150 Egyptian, at 6d.
to 702 and 500 Surat, at 3d to 41d. per lb. Rail-

way Shares were dull.
At the public sales of 18,722 deer, 2,607 fawn,
and 16 elk skins, the demand has been very ani-
mated. Canada shaved went rather lower than

last March, but skins in the hair, both Canada and
western, particularly firsts and seconds, sold much
higher.
Freights to Australia are still dull, the last ad-
vices from tile colony showing an excess of goods
yet on hand. The Weekly Shipping List quotes
the rates for Melbourne or Geelong—wharves, 855.;
ditto to the bay, 50s. to 555. ; and Sydney, 455. to
50s. per ton.
The Ninth Annual Report of the Australian
Mining Company has been issued in anticipation
of the meeting of shareholders on the 31st instant.
The most interesting points are contained in the
following extracts :
" It was not until the latter end of January last, that
Mr. Forster felt himself in a position to commence ope-
rations in earnest ; and he has since been actively en-
gaged in connecting Masterman's shaft with the engine
on the opposite side of Reedy Creek, for the purpose of
applying the necessary power to drain the water. This
will enable him to proceed with the sinking of Master-
man's shaft, an operation considered by Captain Hitchins
and Mr. Forster of paramount importance, and pro-
mising favourable results ; and in the desirability of
which your Directors most fully concur, as it will have
the positive effect of fully testing the mine.
"In addition to this, Mr. Forster is busily engaged
in the erection of a furnace near the mine, for the pur-
pose of smelting on the spot, all the halvans which will
not repay the present heavy charges for land carriage to
Adelaide, in addition to the freight home ; and when
this furnace is completed and in working trim, he will
be able to ship the produce of no less than five or six
hundred tons of ore, now lying at grass. An equal
quantity is considered to be scattered through the mine;
and a further quantity now in sight will be raised on
tribute ; so that for this ore, the Company will at least
have paid less than its marketable value.
"After August next the surface lands will be leased
out in blocks of from 3,000 to 4,000 acres each, suitable

for dairy farms ; and as your property there is better
watered than most of the surrounding districts and lies
within a short distance of the River Murray, there can
be little doubt of the valuation and rental of your pro-
perty becoming yearly improved."
The last 1/. call produced 18,0421., and 956
shares have been forfeited. The total liabilities of
the company are 4,6021., and the assets valuing the
land, irrespective of the minerals, are 32,886/. A
Royal and a Colonial charter have been applied for.
The following testimony to the progress of South
Australia is important :
" Your directors have to congratulate you on the fur-
ther development of the navigation of the River Mur-
ray, by Captain Cadell, and to express to you their hope
that the only obstacle now in the way of a cheap and
expeditious carriage of the ore from Tungkillo to the
sea—viz., the absence of healthy competition among
vessels trading on that river—will be speedily removed.
" The high road from Adelaide to the nearest point
on the Murray. must pass either through or in close
proximity to your property. This must bring about a
positive increase of no slight character in the territorial
value of your 20.000 acres of land at Tungkillo.
" Your directors have great pleasure in reporting to
you the general and almost unparalleled prosperity of
the colony at large. The lately-arrived emigrant is fast
becoming the farmer and small landed proprietor : the
small landed proprietor of yesterday is the comparatively
wealthy man of to-day : the little huckster of yesterday
is now a shopkeeper ; the shopkeeper a merchant ; and
in this general prosperity of all claeses you must silently
participate. A territory such as yours, in a fast-grow-
ing country, needs only time to become intrinsically
valuable as land : its value as a mineral property the
directors trust will be shown, now that labour is be-
coming favourable, and you are served by agents whose
assiduity and knowledge of their respective duties, as
well as their gentlemanly bearing, your directors have
again great pleasure in recording.
Great assistance to the company, ere the last call
was paid, is stated to have been rendered by its
bankers, Messrs. John Masterman and Co.
The English and Australian Copper Company
have had their meeting this morning. The report
states that the great difficulty still is scarcity of
labour, but otherwise the prospects of the under-
taking appear to be encouraging. The following
are extracts
" Whereas the quantity of copper made in the year
ending March, 1852 was 1,823 tons, in the last year it
has been only 228 tons.
"The smelting works were at a stand between April,
August, and again between August and February.
" The quantity of ore shipped to England since the
last report has been 4,084 tons.
"The position of the company in the colony is sound
and healthy.
" And this last remark lead us to the subject of
finance; and you will notice that on 31st of December,
1853,

£. s. d

"Balance at South Australian Bank
to our credit was

3,744 14 8

"At Union Bank to our credit l,BlO 5 4
"That our liabißies on 31st December were simply,
copper due to the South Australian Mining Association,
124 tons, 5 cwt. 2 qrs. 16 lbs. ; money orders in circu-
lation, 4,5201. Bs. 7d. ; and that the debts due to the
company at that date are set forth in balance sheet, and
are all good.
"The perusal of these advices will show the difficul-
ties which the Managers have had to contend with, from
the cause already prominently referred to. It is one
over which the Directors can exercise no control. Emi-
gration is still going on from this country ; not a month
passes without ships being despatched with emigrants
for all the sections of Australia ; and it is not unreason-
able to indulge the hope, that the supply of labour may
at length become equal to the demand for it.
"It will be seen that a part of the furnaces were at
work again in February and March, and that they were
making about 30 tons of copper per week. It is ear-
nestly to be hoped that they may continue so.
"The stock of ore which remained on band in Aus-
tralia, on the 4th of March last, was 4,679 tons, and of
coal, 3,508 tons.
" The company's works at Spitty have been in satis-
factory operation during the year. The nett profit
realised has been 11,1791. 14s. 4d.
" The Directors, finding that a considerable economy
would be effected in the cost of coal for the works at
Spitty, have secured the lease of a coal-field in the im-
mediate neighbourhood of the works, from which the
works are now being supplied. The outlay on this pro-
perty has besu 2,014/. 48. 2d.
The railway meetings announced are the fol-
lowing :
Company. Date. Place.
Central Peninsula of Portugal Aug. 1, Lisbon.
East Kent ............. . .......... Aug. 8, London Tavern.
Great Southern and Western
(Ireland) • •....... Aug. 26, Dublin.
Llanelly ........................... July 31, London Tavern.
London and South-Western... Aug. 10, 34, York-road.
London, Brighton, and South
July
Manchester, Sheffield, and
Aug.Lincolnshire .................. 2, Manchester.
Newport, Abergavenny, and 27, Bridgehouse hotel.
Hereford ........................ Aug. 10, London Tavern.
North London ..................... Aug. 4, Easton-square.
North Staffordshire ..... July 27, Euston-square.
Paris and Rouen ............... July 31, Paris.
Royston and Hitchin ............ Aug. 10, 15A, St. Helen's-pl.
Tambre and Meuse ............... Aug. 10, 61, Moorgate-st.
Ditto, ditto ............. • Aug. 24, Jarclinet.
Stamford and Essendine Aug. 5, Stamford.
The railway "calla" for August are small, being
386,0001., of which 100,0001. is for foreign com-
panies.
The ship Bermondsey, arrived • from Geelong,
brings 17,324 ounces of gold. The Poictiers is in
from the same place, but the amount on board is
not known.
The steamer Europa, from New York, brings
353,670 dollars. Several additional failures had
occurred, owing to the suspension of Messrs.
Schuyler, who, it appears owe the Illinois Central
Railroad Company a million of dollars, but for
which they are partly covered by securities. Flour
was down half a dollar per barrel. There had been
new " diggnis discovered in California.
The Continental advices inform us that Prussia
was more active in placing her military forces upon
a war footing, and that this was done at the instance
of Austria, to carry out the arrangement between
them upon the Eastern question. From the Baltic
parties writing in the interest of Russia affirm that
Sweden steadily holds aloof from the Western
Powers. The Commercial Council of Vienna have
subscribed for three millions of the new loan, the
Province of Styria for one million, the Imperial fa-
mily for 20 millions, and the Hungarian bishops and
the families of Lichtenstein, Dietrichstein, Ester-
,
hazy, &c., for one million.
We regret to hear that there are two small
failures this morning
in Mincing-lane, occasioned,
, as is stated, by speculation in saltpetre.
The stock market has opened with a buoyant
appearance, and there have been soma good pur-
chases mad© the extreme fineness of the weather
having a favourable effect. The political news is
of a mixed character. Consols have been 921, and
since 92g The account prices have been 82g to
93. The New 3± per Cents. have been at 931- to ft-,
and the 3 per Cents. at 921 to Bank Stock is
firm at 210 to 211, and South Sea Stock at 1121.
Exchequer Bills are par to 2s. premium.
In Foreign Stocks there is scarcely any business,
and prices mostly nominal. Spanish 3 per Cents.
have been done at 361 ex dividend, and Mexican at
24x. These have been the only bargains.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6 to 61; Mexi-
can, 24i to ; Peruvian, 66 to 8 ; ditto Three
Per Cents, 60 to 52 ; Portugueee Four per Conte,