The Sun.
London, England, 1853-07-08 00:00:00

From, the (Russian Gazette at) Times.
By way of set-off against the novelty, the excitement,
the enterprise, the popularity, and the possible glory
of a war with Russia, let us just sit down and count the
cost. We would shut up the naval pewee of Russia in
the Black Sea and the Baltic by costly fleets at both
stations--steam always up, wind and water having t'aeir
Way. We could easily enable Turkey to make a despe-
rate fight by enormous subsidies. We could protect
our commerce from Yankee privateers and other free
and easy gentlemen who would take out letters of
marque from Russia, by a recurrence to the old system
of merchantmen sai'ing like two wild geese in flights,
with a frigate or two leading the way. We could
suspend the whole foreign commerce of Russia, by a
process which would double the price of our corn,
hemp, and tallow. We could engage half the Conti-
nent on ou- side of the quarr.d, by surrendering every
other question of honour, duty, or interest we happen to
have with each separate State. Are could prolong the war
indefinitely by another national debt. We could stop
it at our pleasure by allowing Russia to take all she
wants, with a little over for demurrage. With propor-
tionate bribes• we could secure the concurrence 0.. other
nations. On the other hand, all the nations of Europe
would be bankrupt, their principal creditors being in this
metropolis. Their manuiaetures and commerce would
be reined, to the injury of those who consume what
they make and make for them in return. We are all so
bound together that it is hard to say whether in mate-
rial consequences we should saffer more by victory or
by defeat. It is our unhappiness to have the largest
stake in peace of all nations on the face of the earth ;
and so long as we stick to that game we are sure to
win. The most orthodox war ever fought is only an
Irishman's row, a game of cracked skulls and b:oody
ncses ; very amusing to those whose clothing. is of little
value, and whose natural integument is rather hard, but
far from amusing to a gentleman who his paid five guineas
for his coat and whose face is susceptible of contusions.
There is not a point in which that immense glass house
which we call the British empire is not liable to damage.
" A man that hath children," says Bacon, "hath gie en
pledges to fortune." We have children • we have colo-
nies ; we have dependencies ; we have ships • we have
investments, loans, railways, private debts, all over the
world. By dint of hard peace-making we menage to
keep our creditors in tolerable order: They pay, as an
omnibus horse does its work, by the momentum of its
misery, by being kept in harness, well up, and con-
tinually flogged. Once give them the oppoi tunity of
war and that general dissolution of morals that is
sure to ensue, and every quarter day will add
to your defaulters. A" this, of course, is very
extraneous to the real merits of the present question.
Those merits we do not here discuss. But we have
known people who in pi ivate !le went to law, or, rather,
resisted actions, when the right was most clearly on
their side, and when the verdict was given accoyd'egly ;
but who, neveieheless, lost thereby both in purse and in
fame, having to suffe: much annoyance, to pay large
costs, and to incar r'eo the reputation of being litigious
and troublesome fe"ows. Itat which happens in the
regular and genial atmosphere of English society, and
wider the pure and impecceble administration of Eng-
lish justice, way easly happen in the society and for am
and arena of nation:—viz., that the prosecution of the
justest quarrel may entail a ma; Lyr's obloquy and cross.
This is no reply to the rights of the question, nor is it
a reply to any sober invest'gation or calculation what-
• ever. There what and whom do we address ourselves
to ? To those who take a cheer'nl, a humorous, or an
enthusiastic slew of this very grave question; who
seem to think that the work may be done simply by
England and France putting themselves into a hostile
attitude by the side of the hapless and helpless Mussul-
nlan. Certainly we have the money and the ships, the
sea, and a great deal more on oue side ; but all' the
Money, all the ship", and al lie sea in the world, can-
not prevent Russia ceom doing what she is now
doing—taking occupation of the Danubian pro-
vinces. If we proceed to hostilities now, it must be to
stop this process, and we might as well attempt to
stop the north wind in its passage from Russia
to the Mediterranean. It is a confessed fact that those
Russia,
and semi-barbarous pro e'nees are at the mercy of
Itussia, and their occup .tion is as much at her will as
the issue of an edict or the assampdoe of a title. When
We absolute Power can pretend a colourable right by
treaty, though only a and when it appears to be
assumed that the military occun: ion of these provinces is
only the preliminary of a nego:'3l.-oe, we way see that
our immediate inteCeeence would only give a questionable
argument an inevitable triumph though the argument
were only in words a,nd the ; riumph in deede. When Russia
has taken this offensive and costlystep then begins the tussle
both of words and of deeds, when Turkey will be able
to interpret treaties at the Z -kar, and we at the Hel-
lespont. Long ere that, if we mist ke not—long before
actual collision—ma;lers v.;11 he arranged between these
two unequal r eighbo -rs, if not on the footing o: equality,
at least without an utter wreck of credit and power to
the we^,ker party. Russia would consu':; her interests
as little as her honour by preraing onwards in the face
of a people as mike, y and as fanatic as herself, and in
the face of the pub'ic opinion of Europe. Russia can-
not, indeed, be "crumpl-d up" by an angry threat or
an id'e brag; but, on the other hand, she can do but
little beyond her own soil, except in co-operation with
other Powers.
We are not unawa-e that some other rat'ier audacious
-11,ulations have been permitted to at; itch themselves
this sufficiently disagreeable subject. Should things
Come to that pawl that England and France, haying
bbacked up Turkey so far, were bound to prove their
et our by r rtna ; in a word, should there be a general war
aideeen Russia and we know not what powers on one
, and England, France, Turkey, and we know not
',iv:let Powers on the other side, ther, it is confidently,
anticipated that Poland and Hungary, true to their na-
tuna-
tureand traditions, would throw themselves into the
el6e, and England would find herself in alliance offen-
;L
° and defensive with the Turk, Louis Napoleon,
allies we add ?—Loris Koseuth, against our old
;Ts, the Absolutist Powers. All this is intelligible,
that me-ns improbable, 5 .4: we once rushed into war
IDlrloth love for the sport which seems to animate some
The whole sequence of events is R 9 plain, even
atner, than one is likely to read in the perplexed and
ephisticated page of histove We should have to pay
enormous and repeated subsicl'es to the Turk, the Mag-
yar, and the Pole. A British war st-emer—the Styx,
GoCerberits, or the Pluto—would take the Hungarian
uovernor, fresh from a visit to Windsor Castle, to some
port or other, if there is one, NA ithin a thousand rnil^s of
his country. Whether a pal ty of rnar'nei would es:ort
hire into the interior, or whether the Magyar Chief
would make the attempt with that force, we will not
venture to anticipate. Doubtle-s, with such materials
to work upon, and with the British Treasr-y and
Mr. Gladstone's financial Hobgoblin to assist, the
work would be hot and the example very catching. Italy
would once more form the carcase that the Russiar, the
Austrian, and the French Eagle contend for, with the
British Lion to stand by. Happily for the cause of hu-
neanity, there are nations that would keep out of the
serape—e. y., the United States. But there is not a
"Mate of the Old World that we could answte• for in the
neighbourhood of such a conflayafon as would then be
1;.418ed. If the war be reccssary .elr safety or for honour,
sdo not shrink ...cm the awful prospect. Why else
sa.;:';‘,.vast standing armaments? But if our interest is co
Ini'`tful that posterity, eepec'elly a suffering posterity,
eolig:t deny it &together, we do recoil from these terrible
et• ieNuences, and ask from our own countrymen some
telat
it(), , ea ne consi *deration which we have been preach-
*, (0 others.

INVERNESS AND PERTH RAILWA Y.

it will be observed from the re solutions published in
another column that two ex Vent and most grat'fying
meetings in suppoi;; of this scheme were held last week
at Weem and Rinvssie on the 29th and 30th ult.
These meeVngs were attend-3 by E. W. Mackintosh,
Esq , of Raigmore and Peter .A leler..on, Esq., on behalf
of the promors of the lit 1, by whom ample details as to
the cost of oarsrctioa and probabi'itiel of success were
submitted. At the W-em mee,ing a'-nost every pro-
prietor in the district attend( t.l, and it was remarked
that when the Scotch Central Railway was started,
ranch greater doubt of its s.u- _less was expressed than
'what seemed to be entertarir as regards the projected
line. Among those present were :—Sir Robert Men-
zies of Menzics, Bart., who presided ; Mr. Menzies of
Chesthol ; Mr. Stewart of Dallechin ; Mr. Menzies of
Xildares ; Strowan Robertson ; Mr. Robe: ..son Stew,.
of Dercullich ; Mr. Wylie, Bolfracks, Commissioner for
the Marquis of Breadalbane ; Mr. Menzies, Tii;ni
MrMr. Macdonald, Lassintelloch ; Mr. Archiba'd Camp.e
, Carrisent4 ; Mr. Cunningham Perth, for Sir
and for R.
William D. D. Stewart of Murthly, Bart.,.gill'wie, barker,
S. Fleming, of Killichassie •
Pitlochry ; Mr. Stewa-, FaMrlary. eMrea;c-Mri. Connachar,
distiller, Pitloch ry ; Mr. Peter and Mr. Rankin, bankers,
Aberfeldy; Mr. Kennedy, distiller and farmer, Ballechin.
A. subscription towards preliminary expenses was opened,
and., several handsome contributions were made. At the
ikingussie meeting, Cluny Macpherson presided, and spoke
at considerable 4-4 length in support of the project, as did
.8° Major Macpherson, Falls of Truim and theßev.
jr. fGDuncan rant . There were present breakachy esid
Mr. Fleming,
:—Captain
•
la vanctor for Sir George Macpherson Grant, and his tutor ;
ir. Robertson, tacksman of Banchor ; Mr. Malcolm
44Q
aePherson, ; Mr. Donald Macdonald,
'llirrainore • Mr. James Macpherson, Nuid ; Mr. Dun-
can Shirrabeg ; Mr. Duncan Macpherson, jun.,
banker • Mr. William Mackintosh, merchant ; Dr.
enuedy ; Mr. Neil Kennedy ; Mr. Hobb, innkeeper ;
vul•
Macrae, w.iter, King assie ; Mr. Gordon, Lyn
Mr. Mackintosh, Dell. of Rothiemurchrg ; and
171.1. r. Goodsir, Doune of Rothiemurchus, besides a num-
,er of the villagers. The attendance would have bean
Fore numerous but for the arrangements in the country
°l' sheep-spearing, presence of so many, in-
eat which this important avocation, shows the in-
teeat which is so generally felt along the proposed l'ne.
e gentlemen present put down their names for local
vgtubscriptions, and what is still more important, all. the
°flouts signed an agreement in so far as they are con-
reerned to accept the annual value of the land required
°r the works without any charge for severance, due l'iaing made for coirmunication by crossirgs, a'l
pro-
relative questions to be determined by arbitration, the
/cPense thereof to be paid by the promoters or company.
t is to be hoped this excellent example will be generally
followed by the tenantry eong the line ; and it would
be well also were the plan taken up with equal spirit
and enthusiasm in other places.—lnve, cress Adveraser.
Cg--

to -AMAX ELECTION.—A petition against the last re-
rn for Chatham has been prepared, and will be pre-
sented this evening. From circumstances that have
conle to the knowledge of the Liberal party, there is no
doubt that bribery of the grossest character was carried
on at the last election, and its exposure is believed to be
certaill and complete.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

"Advices from Australia are unfavourable as-regards the 14
Gold Companies. We have seen letters strongly urgi'.g 50
the immediate sale of shares iz these under talOngs, upon 20,
the grorids that they are all spending money without any 11
14:
prospect of doing good."

The English funds, which experienced a serious re- St. St.
vulsion yesterday al.".ernoon, after the official hours of 20
business, Consols being forced down to 07,4 upon 10
rumours of Lord Aberdeen's resignation, have recovered St.
this morning, and have varied from 97i to 98. The 50
present quotation is 971 There are still strong hope: 40
of peac3 being maintained, and fresh negoci%tions rre 25
stated to have been entered upon.. The New Three- 25
and-a-Qinr ter per Cents, have been quoted 1001 to St.
101, and the Three per Cents. 981 t. Bark Stock Bde
has been dull at 2281 to 2291. South Sea Old Annui-
St.
ties have been steady at 100 g. Exchequer B'lls have 50
remained at Is. to 45.,. and India Bonds at 255. 25
premium. 100
Foreign Securities have been rather buoyant. Poi.- St.
tu,guese 4 per Cents. have been in request at 401 :o 411. 64
There appear to be hopes that the Commissioner now 25
here will be enabled to offer some terms more satisfac- 50
tory to the creditors th n those lately put forward, but 20
no reduction of capital can be submitted to. Spanish St.
Deferred Bonds have keen heavy at 22/, and the 3 per 50
Cents. at 46.
St.
Railway Shares are all flatter than they were yester- 16
day morning, but have recovered from the nominal de- 16
pression of last evening when the fends declined. The 8
transactions have been very limited, and pr'ncipally in 8
Caledonian, Lancashire and Yorkshire, York and 20
Berwick, and Eastern Counties. French Shares are 20
10 neglected, •

The Gold Mine Shares have been very viet, and are St.
depressed. In the Joint Stock Bank Shares there have EL.
been but.few bargains.
Et.
The Shares of the Land Companies are fluctuating, St.
and the unfavourable view taken in Sydney of the pro. St.
oerty of. the Australian Agricultural Company causes
t'iem to lale heavy. 10

BRITISH FUNDS THIS DAY AT ONE O'CLOCK'
( From the Oficial List.)

Business done.
Bank Stock ......................... ........... 2293 83
3 per Cent. Reduced Annuities .. 983
3 per Cent. Consols Annuities 97d 8 a d
New 31 per Cent. Annuities lOOl. 1
Long Annuities, Expire 5;,h Jan., 1860 5 13-16
Ditto 30 Years, Expire sth Jan., 1860 55 9-16
India Bonds, £lOOO ....
Ditto, under £1000....
South Sea Old Annuities
Consols for Account
Exchequer Bills, Id.
£lOOO
£5OO 1 4 p
Small 1 4 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Austrian Bonds, 5 per Cent.
Brazilian Bonds, 5 per Cent
Ditto New, 1852, 43 per Cent 9B}
Eqnador Bonds
Grenada Bonds, Deferred
Greek Bonds, Red
Mexican 3 per Cent.
Ditto for the Account
Portuguese Bonds, 4 per Cent,
Russian Bonds, 5 per Cent.
Ditto, for the Account
Spanish Bonds, 3 per Cent 46
Spanish New Deferred, 3 per Cent. 221
Ditto Passive (Converted)
Spanish Committee Cc of Coup. not
Swedish Lori
Venezuela Bonds, 33 per Cent. 3Bl
Ditto Deferred, 1 per Cent l5
Dividends on the above payable in London.
Dutch Exchange, 21 per Cent.
Ditto 4 per Cent. Certificates 963 6

25
100,i
D7g 8 n

261 7
41 4 li

xd
xd

PC
P

HALF-PAST TWO.
Consols for Opening 19th July 97i i x d

UNIVERSITY INTELLIGENCE.

CAMBRIDGE, JuLy 7.

M.A. COMMENCEMENT, 1853.

.
At a Congregation holden this day the follom
.ng degrees
were conferred :

Do:t ps of 7Divinity.—Join W'lson, Catherine Hall;
Henry Cole, Clare Hall.
Afastees of A: brick C 33rge lsnm,
College ' • David Craig, St. Jols-i's Co"ege ; G. Q. Head,
Corpus Christi College; H. D. Smug:. , Corpus Christi
Co' ege • William Watson, Co:‘,A s Christi Colleze ; Rich-
:ad Morton, Cather'-te Ha".
At the same Congreg: ion, the under-ment'oned gentle-
men were talmitbd 1 eund :m Constant'-i3 Estlin
Pritchard, A.M., Brl"ol Coll
,-;•e, Oxon; Thos. Wbitakel•
Nowe'', A.M., Brr-enole Co"ege, Oxon.
At the same Congregation the followin; gra. 3p. 1
the Senate :

1. Dr. Coler 1, of St. John's College, bei-1 about to
proceed to Natal rs bishop of that :,e, to return to him
the fees and cautior s p 'AI to the IT] 'versity chest on the
occasion of his taking the degree of Dcctor in Livinity per
sal turn.

2. To appoint Mr. Wolshnholine, of Christ's College,
deputy proctor, in the absence of Mr. Clark.

LANCASTER RACES, 10
(THIS DAY.) 59.

(BY ELECTRIC TELEGRAPH.)
ORDER OF RUNNING.
2.3o—Vale of Lune Handicap.
3.3o—Revival Handicap.
4. o—Her Majesty's Plate.
4.3o—Borough Stakes.
ARRIVALS.
Vale of Lune Handicap—Sir Robert, Patience, Game-
boy filly.
Revival Handicap—Lerrywheut, Black Doctor, Little
Davie, Remunerator, Allegro, Cleveland, Bold Davie,
Lough Bak n.

ENTRIES.

Her Majesty's Plate, two miles—Remunerator, Mug- 5500
tang, Trifle, Red Lion, Chief Justice, Lerrywheut, Soly- 2
man, Allegro, Missive, Deerhound, Killarney, Little lop
Mary, Happy Joe, Little Davie, Patience. All here but 1
Solyman. 1
Borough Stakes--Emperor, Bold Davie, Little Mary, 25
Baron Orsy, Mustang, Killarney, Happy Joe, Patience
Deerhound. 100
Trifle has gone home.

CITY, TWO O'CLOCK.
Tho sales of cotton at Liverpool yesterday were es..
mated at 7,000 bales of which 1,500, were taken for
export. The sales include 5,000 American, 150 Per-
nam and Maranham at 64c1. to 711., 100 Bahia at 61d., St
1,000 Egyptian at 61d. to 10d., 500 Surat at 3-1-d. to 20
4id., and 50 Sea Islands at ls. 10d. to ls. 11d. per lb.
The market closed firmly but with much on sale. Rai'- 13
way Shares were inactive at lower prices.
In the Colonial Markets this week a moderate busi- 31.
ness has been transacted, but the supply of most staples
being ample prices have been rather favourable to the 27
buyers. The reduced duty on foreign sugar has come into ore:at:on. Coffee has gone off without spirit. 02
Tea has been firm and importers are disinclined to sell gt
st.
except at high prices. Saltpetre has realised very all 50
rates. In cotton not much has been done. Rice, pri- 50
vately, has been dearer and in request. Tallow main- 20
tains the advance. The Indigo sales commence this day, 50
and rather over 13,000 chests are to be offered. 25
The amount of bills which the East India Company
drew upon its Eastern possessions during the fortnight g
to last evening was, 720,3331. 14s. 4(1., of which
is
628,630/. 13s. 2d. were on Bengal, and 1001. on Bombay. 20
The following remarks upon English mines are from 25
the circular of Messrs. J. S. Tripp and Co. :
" The good dividend mines in Carnwall have been more 25
in request, though the recent fall in the prices of metal 25
has very much interfered with their profits. The West St.
Providence managers in their report just issued to the
shareholders state, 'that in consequence of tFo fall in tin, 50
which amounts to 141. per ton less than last quarter's a> St.
count, on 62 tons amounting to 868/., they are prevented 10
from giving more than 21. per share, but should our pros- St.
poets continue as at present, we have every reazon to St.
believe, from the advanced price and improvement in the St.
western levels, they will resume their former dividends of St.
21. 10s. per share.' This is a fair illustration of the effect St.
the fall in the standard has had upon most dividend mines. St.
"English mines at first would be gre: ly depressed, but St.
as the demand for metal is gene7ally very good, and as 12
foreign supplies would be checked, we believe a 1.5 e, rather 50
than a fall, would be the result, and that good English 16i
mines will ma'ntain their prices better than any other St.
public scamities. 20