The Sun.
London, England, 1853-06-17 00:00:00

for carrying and distributing a paper weigh-
ing four ounces than one not exceeding two
ounces. If, as has been proposed, a postage-stamp
should be substituted for the original newspaper-
stamp on all journals transmitted by post, a limi-
tation of size would be expedient, if not essential,
and could not reasonably be complained of. It
would be regarded simply as an expedient neces-
sary to prevent the over-crowding of the bags.
But everything should be yielded to suit the pur-
poses of a single journal, which might have
exercised a powerful influence on the fate of the
Budget, more especially on that part of it relating
to the proposed renewal of the Income Tax,
without change or modification, and for a very
prolonged term. Now that the exigency has
passed away—that the once powerful advocacy
for a just discrimination between the different
kinds of income has been withdrawn during the
emergency—the proposition is altered, and ren-
dered at the same time more equitable to Jour-
nalism and less favourable to the Leviathan.
Are such courses to be sanctioned or tolerated
--will independent members permit themselves
to be regarded as the obedient serfs of a financial
autocrat, with no power beyond that of registering
his ukases ? We call upon Mr. MILNER GIBSON
to vindicate his own character and consistency—
to insist on the full and fair carrying out of the
proposition which he has so efficiently maintained
at all times, and under the most disadvantageous
circumstances. We call on the majority by whom
he was sustained, and through whose assistance he
achieved a triumph so signal, not to be wanting in
the hour of trial, but to follow up the vigorous
blow formerly inflicted. We are convinced that
these applications will be honourably responded to,
and that another salutary lesson will be given to
the right honourable gentleman, to teach him that
he must not trifle with the feelings or disregard
the decisions of a decisive majority of the House
of Commons, and (with a solitary exception) the
free and unshackled press of the United Kingdom.

'of rent had to be remitted. Four millions and a
quarter sterling per annum were these poor
Ityots assessed more than they could by possibility
pay ! So poor are they, that the seed and imple-
ments have to be furnished them, or they have to
borrow money at 501. per cent. to obtain them,
ere they can begin cultivation at all. est, ifi
Even the largely-increased imports tell but a
poor tale respecting the condition of the natives
when scrutinised. They amount to but Is. 3d.
per head per annum. Brazil, on the contrary,
with a population half slaves, consumes of our
produce not less than Bs. Bd. per head. It would
seem as if our Indian freemen were worse off than
Brazilian slaves.

In the department of public works, deplorably
as it is below the necessity of the case, especially
where a Government is the sole landlord, the
tenants miserably poor, and where irrigation, at
least, is necessary to mere existence, more seems
to have been done than has been stated. The
lauded trunk road appears, however, to be fre-
quently impassable, the rate of travelling four or
five miles instead of ten, as Sir C. WOOD told us,
and in place of the security Sir CHARLES WOOD
and Sir JAMES HOGG talked of, Mr. DANDY SEY-
MOUR showed, from Mr. MARKMAN'S evidence (as
a newspaper editor, an excellent authority on such
a subject), that even in Bengal and near Calcutta
night robbery (dacoity) was so common, and
committed with such impunity, that no man
with 201. or 301. in his pocket could retire
to rest without a prospect of being robbed of it in
the morning ! As to the administration of jus-
tice, we much fear that the worst representations
are the most correct. Mr. MACAULAY'S code still
remains in the East India House, and Mr. PHIL-
LIMORE entirely substantiated the charge, " that
the administration of the civil and criminal law is
in a frightful state." At present all the humbler
judgeships and magistracies are in the hands of
the natives, but all the highly-paid covenanted
service is in the hands of the Company's cousins,
nephews, &c. The consequence is that 95 per
cent. of the work is done by the poor native
judges ; and that of the remaining 5 per cent.
done by the rich covenanted service judges, an
immensely larger proportion of judgments are re-
versed than in the case of appeals from native
judges. It is made quite clear on the best autho-
rity that natives are quite competent, morally and
intellectually, for the higher services, yet Sir
JAMES HOGG has the hardihood to defend retain-
ing all the two thousands per annum and upwards
for the nephews and cousins ; and leaving the
fifties and the hundreds a-year to the poor natives !
It is rather singular that it should have been
so generally overlooked, that if any " Company
of Traders " have now any claim to be considered
a proper constituency to govern India, or elect its
Governors, it must be the various manufacturers
and merchants who now trade so immensely with
India. They certainly have an interest in Indian
prosperity far beyond that of annuitants whose
dividend is a first charge on Indian revenue, who
are secure, therefore, in any case. Indeed, all
our actual traders with India have even a far
stronger interest than the Directors, in preventing
those wars which Sir JAMES HoGG deplores.
Commercial men will put up with almost anything
rather than endanger their traffic.

The India Debate has hitherto done little
towards a positive issue. Indeed, the chief ques-
tion which needs to be settled—what is the best
government for India ?—has been but little dis-
cussed. The East India Company, the Board of
Control, and the Government measure have all
been latterly attacked and bitterly defended ; but
no homogeneous plan, none based upon a sound
and acknowledged principle has yet been proposed,
and placed in contrast with the Government
scheme. The great danger is lest that scheme,
with all its gross defects, should pass, because,
(like Mr. GLADSTONE'S Income Tax) though re-
pugnant to the convictions of all but the interested,
some scheme, it is presumed, must be adopted.
In default of another, and time pressing, Sir
CHARLES WOOD'S name is to be inscribed amongst
those of legislators for India ! The plea of urgency
is, however, but poorly sustained. Every party who
employs it, Lord DALHOUSIE, Mr. MARSHMAN,
Sir JAMES HOGG, and the Directors, is interested
in hurrying through a settlement of some sort,
and thus shelving inquiry. We think certainly
with Mr. BRIGHT, that it is unpardonable
to use Lord DALHOUSIE'S name without producing
his whole letter. It might contain facts refuting
his own opinion ; at least, the Noble Lord, though
in India, knows nothing of it but through the
agents of the Company who surround him. Sir
HERBERT MADDOCK and Mr. Hum; whose opi-
nions are as valuable as any on this point, are for
delay and further investigation. The danger of
an Indian agitation, in any undesirable sense, is
evidently a bugbear. As Mr. BLACKETT stated in
1793, there were ten years of discussion before

ELECTION COMMITTEES.-(THIS DAY.

LIVERPOOL.
Evidence as to agency was proceeded with at the si
ting of the committee.

PLYMOUTH.

The evidence before this committee during the morn-
ing had reference to the appointment of John Smith,
an elector, to a situation in the dockyard. It appeared
that his father and brother, who also were voters. had
plumped for Mr. Mare. They were both called, but
denied that the appointment had anything to do with
their votes, though they greatly prevaricated during
their examination.

MONEY MARKET AND COMMERCIAL
INTELLIGENCE-(THIS DAY.)

CITY TWO O'CLOCK.

TAUNTON.

THE SUN, LONDON, FRIDAY-EVENING, JITNE 17, 1853.

The sales of cotton at Liverpool yesterday were
estimated at 8,000 bales, of which 2,000 American
were taken for export and on speculation. The
market was firm, but less animated, at previous
prices. The sales comprised 7,000 American ; 100
Pernam and Maranham, at 6d. to 7d. ; 150 Bahia,
at 6d. to eid. ; 500 Egyptian, at 61d. to 9d. ; and
1,000 Surat, at 4}d. to 41d. per lb. Railway Shares
were dull at rather lower prices.
In the Colonial markets this week business has
been duller. Sugar maintains about previous prices,
nor is any particular alteration to be noticed in
coffee, Native Ceylon being quite neglected. Cotton
is in favour, and there are good purchases. Rice
has been in fair demand, for rum higher prices are
asked, and tallow is held firmly. Tea is inactive,
pending the arrival of the letters by the mail.
Spices have continued at about the previous rates.
The news by the telegraph in anticipation of the
Overland Mail is very satisfactory as regards the
prospect of greater activity in the conduct of
the Burmese war, but it does not appear there is
much alteration in commercial affairs.

There have been, during the last tw o days, some
large transactions in Canada Government 6 per
Cent. Debentures, and Canadian Railway 6 per
Cent. Debentures of the best class, the former at
117 to 117 i, the latter at 103 to 104—both in-
cluding the forthcoming July dividends. The
increasing prosperity of that colony, and the yearly
improvement of the revenue, naturally induce
investments in these securities. Quebec and Rich-
mond ; Ontario, Huron, and Simeo ; St. Lawrence
and Champlain 6 per Cent. Debentures have been
those most in request. United States Securities
have been much the same.

The agent at Guayquil, of the Ecuador Bond-
holders, Mr. Mocatta has sent to the committee
in London, a statement of proposals made to him
by the Government of the Republic for a settle-
ment of the debt, and the following are the
clauses

"1. The Government of Ecuador acknowledges the
division of the debt in its two parts, principal and inte-
rest.

" 2. The Government of Ecuador will issue in London
Ecuadorian Bonds for 1,424,5791. sterling, in exchange of
the same amount of 21 per cent. Colombian Bonds, being
the proportion thereof assumed as its share ; and will
also issue in addition the amount of one-sixth part of the
deferred debt, which approximates to 400,0001. sterling, on
tho cancelling the half of the said deferred debt, which
amounts to about 1,200,0001.
" 3. The Government of Ecuador binds itself to pay 1
per cent. annual interest on the new bonds—that is to say,
on 1,824,5791., more or less, as may result on the liquida-
tion of the interest due, as also the current exchange on
bills on London.

OVERLAND MAIL.

(BY SUBMARINE TELEGRAPH.)

TRIESTE, THURSDAY.
The steamer Calcutta arrived here to-day at 61
a.m., in 108 hours from Alexandria.

"4. They payment of interest shall be made in Guay-
aquil monthtly, in acceptances of merchants for duties on
Customs, and endorsed immediately in favour of the
creditors.

Belling, which had really been captured by Bur-
mese insurgents, notwithstanding the denial of the
Bengal Government, has been re-captured by our
forces, with the loss of thirty killed and wounded.
The Burmese commissioners have not yet re-
turned an answer to the Governor-General's prof-
fered terms. Should they not return a favourable
answer before thirty days, allowed them for con-
sideration, have elapsed, an advance on Ava will
take place, and the steamers are being made to
meet the contingency at Bombay. Trade was dull.
gine delay in the arrival at Suez of the Precursor,
from Calcutta, has enabled the Bombay mail of
23d May to reach in time for the Bengal steamer
from Alexandria.

Latest intelligence from Hong Kong to April 22.

LATEST FOREIGN NEWS.

FRANCE.

The Tozzlonais of the 13th says that the Jena and the
Friedland, ships of the line, are in the roadstead ready
for sea, and the rumour ran that the Marengo and
Suffren are about to be got ready.
The Government journals, which have come round to
the opinion that Russia cannot occupy Wallachia and
Moldavia, publish the treaty of Balta-Liman, for the
purpose of showing that Russian occupation would bo a
gross violation of the stipulations of the treaty.
We read in the Assembles Nationale :—" Kossuth and
Mazzini left London a fortnight since, and no one knows
where they now are."
The Moniteur announces several nominations in the
Legion of Honour, and also various promotions and
changes amongst the superior officers in the navy.
At the Bourse yesterday the market for Government
Securities has been generally inactive, although prices have
on the whole been steadily maintained. Closing prices :
For cash, Three per Cents., 77. 10c. ; Four-and-a-Haff
per Cents., 101 f. 75c. For the account, Three per
Cents., 77f. 30c. ; Four-and-a-Half per Cents., 101 f.
60c. ; Bank Stock, 2,660 f. Shares of the Bank of
Credit Foncier declined 10f., and closed at 740 f. ; those
of the Soci6tiS Mobili6re are still quoted at 810 f., no
change having taken place. The amount of business
transacted in the Railway Share Market to-day has not
been very extensive.

TURKEY.

The following telegraphic dispatch, dated Constanti
nople, 6th inst., received vid Trieste, says

" The public mind is less excited, but the armaments
still continue. It is saki that the last ultimatum of Russia
has been also rejected by the Porte. Exchange on London
is at 122."

Another dispatch from Trieste, 16th, says :

" 5. The 1 per cent, shall be paid, even if the Customs'
revenues decrease ; but when the quarter part of the Cus-
toms' duties exceed the 1 per cent., then the quarter part
of the total shall be paid to the creditors, let the sum be
what it may, until this and the other means which are
provided shall amount to cover the 6 per cent., as stipu-
lated in the primitive contract with the Republic of
Colombia.

" 6. That with the object of providing for the 6 per
cent. the creditors shall receive, after deducting the one-
fourth part, the half of the increase of Customs' revenues
over and above the sum of 400,000 dols., this settlement to
be made at the expiry of each year, or in the month of
January following.
" 7. The obligation imposed on the Customs of Guaya-
quil is understood to extend to all Custom-houses which
may be established hereafter in any of the provinces of the
Republic.
8. The acceptances endorsed to the creditors that are
not met at maturity shall be immediately exchanged for
others of the same amount.

" The Greek and Armenians Patriarchs at Constanti-
nople give pacific assurances on the subject of the inten-
tions of their co-religionists. The Chargé d'Affaires of the
Dioldavia-Wallachian provinces had left Constantinople for
Vienna."

"9. Should the Customs' revenues decrease by any re-
duction of the duties or tariffs, the Government of Ecuador
engages to supply with other revenue the deficiency in the
interest at the rate it had reached at the time of such re-
duction, as also the proportionate increase which would
have arisen if such diminution or change had not been
effected.

" 10. To assist in augmenting the interest until it
reaches 6 per cent. shall be appropriated the part which
appertains to the Government on all industrial enterprises,
mines, roads, &e., as decreed on the 27th of September,
1852, in favour of the bondholders • and of all other con-
cessions made, or which shall be made hereafter.
" 11. The bondholders shall have an agent in Guayaquil
empowered to act for them, and to fulfil all that is stipu-
lated in this arrangement ; this agent to receive a stipend
from the Government of Ecuador proportionate to his
duties, and having authority to guard against smuggling,
and lay information thereof before the proper tribunals :
the half of the amounts confiscated shall be appropriated
to the payment of interest, and the other half to the Go-
vernment.

"12. To pay the other half of the deferred debt the
Government of Ecuador cedes to the creditors the claim
which it has against tho Government of Peru, in the fol-
lowing form

This dispatch makes no mention of the rejection of
the ultimatum by the Porte, but there can be no doubt
of the intention of the Porte on the subject.
Much stress is laid in Paris on the following from the
Frankfort Journal, a paper in the interests of Russia.
But the La Presse, it must be remarked, doubts that
mediation of Austria, as referred to had ever been
offered. The German Journal of Frankfort, under date
of Vienna 9th, says :
"The reception given by the Emperor and the Archduke
Francis to Baron do Meyendorf, at the Chateau de Schcen-
brunn, was of the most friendly kind. The Ambassador
was brought back to the capital in one of the Court car-
riages. To-morrow ho will dine with the Emperor at
Shoebrunn. As far as regards the overtures made by the
Baron on the Eastern question he has declared that he was
authorised to announce that his Sovereign earnestly desired
to terminate the differeaces between Russia and Turkey by
means of diplomatic negotiations, and that consequently
ho was disposed to accept the offered mediation of Austria
to that effect. We learn that in the conference which took
place yesterday between Baron de Meyendorf and Count
Buol Schauenstein, the conditions on which Austriawould
take on herself the part of mediating power at Constan-
tinople, were agreed on. It is added that the Russian
Ambassador pointed out the limits in which the Czar
would consent to modify his demands, and he declared that
Russia would consider as a cases kill any authorisation
given by the Ottoman Porte for the English and French
vessels to enter the Dardanelles."

A letter from Warsaw of June 11, in the Ausburg
Gazette, says :

"Up to the present day the Russian journals have not
made any mention of the return of Prince Menschikoff
to St. Petersburgh; but travellers, who have arrived from
that capital, state that he entered it privately, and that
the news of his failure had caused a painful and profound
sensation. Baron do Meyendorf had set out before the
Prince arrived. The armaments in Bosnia were being
continued. The greatest activity prevailed from St. Peters-
burgh to tho frontier of Poland. Since 1849 no such
movement has been witnessed. Three battalions of the
reserve of sappers have been directed towards the Pruth."