The Sun.
London, England, 1854-03-07 00:00:00

,LOND

have permitted him to cross the forbidden current
of the Pruth, to occupy the twin provinces- of
Moldo-Wallachia, to ravage the Caucasus, to mas-
sacre the unfortunate Turks at Sinope, and to
threaten, any time these last twelve months, an
advance upon the city of Constantinople. Calmer ?
Could adversaries be calmer in any quarrel; than
those who have tolerated so long► these monstrous
and most unjustifiable acts of aggression ? Meet;
ing the .assailant of the Ottoman Empire Up to
the last moment with no more formidable weapons
than those wielded by an effete diplomacy ! Meet-
ing him, not with grapeshot and cannon-balls, not
with sword and bayonet, but with Notes, and
projects, and quiet little drafts of agreement, and
most pacific and conciliatory, though utterly futile
and abortive, attempts at negotiation ! Happily the
carnival time has passed by for our ambassadors
and plenipotentiaries. We are no longer to be
restricted to the amusement of pelting each other
with the sugar plums of diplomacy—the comfits
of official etiquette—the paper pellets of modem
statesmanship. The grim game of war is to be
played instead of the miserable pastime which
ended the other day, in anything but child's play,
in that terrible Sinope catastrophe. War is
at last to begin in earnest a war for
the payment of the expenses of which France
is to raise a loan of two hundred and fifty
millions of francs, 10,000,0001., and for
the liquidation of which England was asked
last evening in the House of Commons to consent
to an increase of the Income Tel during the next
half-year, from 7d. to 10Id., (yielding an increase
of 3,307,0001.) according to the ingenious
Budget for the year 1854-5, prepared by her
MAJESTY'S Chancellor of the Exchequer. -Upon
that war, indeed, we are now adventuring with a
perfect accord and enthusiasm among Frenchmen
and Englishmen.

Yesterday, another of ,the distinguished sur-
vivors of the last war, the last war of the giants,
the war carried on by „all the nations of Europe
in succession, and at length combined, against
NAPOLEON, passed away from the public scene in
the person of the Marquis of LONDONDERRY. Be-
tween the date of his birth in 1778, and of his
death on the 6th March, 1854—a long career
was developed, of eminence in arms, and skill in
diplomacy, of public integrity and private munifi-
cence a career which has now been ab-
ruptly completed, though not without leav-
ing behind the brave soldier who is gone the
memory of an honourable reputation. It is
by a curious and not altogether unaffecting
coincidence that this survivor (until to-day) of the
last war, after the lapse of the principal portion
of half a century of European quietude, disap-
pears from amongst us on the eve of another
gigantic struggle amongst the great races of Chris-
tendom. It is worthy of note, moreover, that
whereas in the previous contest England and
France opposed each other with implacable 'ani-
mosity, as the chief among the belligerents,
those two countries are now firmly allied as
the opponents of Russian Barbarism, and as
the champions of European Civilisation. At
the commencement of this new contest it is
impossible, with all our regard to its vital im-'
portance and its vast magnitude—it is impossible,
we say, even at this supreme moment, not to
pause with considerable emotion before the death-
bed of that gallant veteran, whose fame for prowess
was won at the point of his keen sword as Sir
CHARLES STEWART, and whose civic enterprise
and magnanimity have been so frequently
attested since his elevation to the Earldom
of Vane and his earlier succession to the
peerage as 'Marquis of LONDONDERRY. His-
tory has already long since recorded the deeds of
_daring which marked, by many a notable passage
of arms, the track of Sir CHARLES STEWART over
the battle-fields of the Peninsula. Recognised
ever since then as among the most'dashing of our
cavalry officers, he achieved the privilege of that
distinction at -Badajoz, Busaco, Fuentes-d'Onor,
and. Talavera, by a display of personal heroism
subsequently rewarded at different, but some of
them, it is true, protracted intervals, with. the
ribbons and badges of many orders of knighthood,
including the highest grade of the order of theßath,
and a portion of the insignia of the Garter worn dur-
ing so many years by the late Duke of WELLING-
TON. The deceased nobleman, it is still remem-
bered, did good service to England during the
last war, as well by his diplomacy as by his
prowess—not tile least of his successes in the
former instance being his adroit triumph at a
moment of singular emergency over the wiles and
trickeries of BERNADOTTE. Superiors though the
late Lord LONDONDERRY unquestionably may have
had elsewhere, as in the Senate or the Council
Chamber a braver soldier never bestrode
his war horse. His heart true as the steel
that clanked in his scabbard. It was one, more-
over—we all remember that—sensitive to every
dictate of magnanimity. No one has lost the
recollection of -his generous appeal, several years
since, to the late KING of the FRENCH in behalf
of Louis NAPOLEON, then a prisoner in the
Fortress of Ham. Neither has any one forgotten
his more recent intercesion with the reigning EM-
PEROR of the FRENCH with a view to effect, as was
indeed ultimately thereby accomplished, the libera-
tion from the Chateau at Amboise of the heroic
Emir ABD -EL .KADER. Incidents—those—which
must henceforth be touchingly associated with the
memory of CHARLES WILLIAM, Earl VANE and
Marquis of LONDONDERRY. Peace to the gentle
heart ! Honour to as brave a soldier as ever
fought under the banners of England, or drew
his sword 'in the ,name of his country and his
Sovereign !

DRURY LANE THEATRE.

GRAND MORNING PERFORMANCE.

At the morning performance to be given here to-morrow
in aid of the fund for the support of the wives and chil-
dren now on their way to the East, the play of Virginias
will, by special desire, be substituted for the Corsican
Brothers- As we stated a few days ago, the lessee has
placed the theatre at the disposal of the managers of the
fund free of expense, and Mr. G. V. Brooke will render his
services on the occasion gratuitously. The Lord Mayor,
the Sheriffs, and other civic authorities, nnder whose pa-
tronage the demonstration takes place, are to attend in
state; and we may Mention that in order to increase the
attractions, the colonel and officers of the Royal Honeethold
Cavalry have given permission to their band to be present;
and Madame Favanti, Miss Stabbach, Miss Poole, Mrs.
Alexander Newton, Miss Featherstone, and the Distin
family have volunteered (their assistance. The praise-
worthy object to which the proceeds are to be devoted is
alone, we hope, in the present state of affairs, sufficient to
draw together a large concourse of those who have so en-
thusiastically cheered our departing armies ; but when we
consider the interesting and almost unnprecedented nature
of the entertainments, we have no doubt the house will be
overflowing to-morrow, and the coffers of the treasurer
likewise.

CABINET COUNCIL—A Cabinet Council was held at the
Foreign-office, Downing-street, yesterday afternoon.
The Ministers present were the Earl of Aberdeen, Lord
John Russell, the Marquis of Lansdowne, the Lord
Chancellor, Earl Granville, the Duke of Argyll, Via-
count Palmerston, the Earl of Clarendon, the Duke of
Newcastle' the Chancellor of the Exchequer, Sir James
Graham, Sir Charles Wood, the Right Hon. Sidney
Herbert, and Sir William Molesworth. The Council
sat two hours and a half.

MANSION HOUSE.—A grand dinner was given at the
Mansion House last evening, in the Egyptian Hall ;
covers were laid for 126. Among the guests were H.
Brown, Esq., M.P., Mr. Pugh, M.P.,and Mrs. Pugh,
H. B. Coles, Esq., M.P., and Mrs. oles, George War-
ner, Esq., M.P., and Mrs. Warner, Mr. and Mr. W.
C. Plowden, Colonel and Mrs. Chatterton, Dr. Reid,
and Mrs. Reid, Mr. S. Hare, Mr. M‘Garrett, Dr.
Daniel, Mr. Frith, Captain and Mrs. Astbridge, Mr.
and the Missei Curling, Mr. Golding, Major Barnard,
Captain Jay, Mr. A. F. Chamberlayne, Mr. and Mrs.
W. James, Mr. Alderman Hunter, Mr. Alderman
Moon, Mr. Alderman and Mrs. Finnis, Mr. Deputy
Unwin and Mrs. Unwin, Mr. Deputy Christie and Mrs.
and Miss Christie, Mr. Deputy and Mrs. Archer, Mr.
and Mrs. T. H. Hal!, Mr. and Mrs. H. W. Valiance,
Mr. and Mrs. Perkins, Mr. and Mrs. John Clark, Mr.
and Mrs. Venables, Mr. and Mrs. Vile, Mr. and Mrs.
Raymond, Mr. and Mrs. Rathbone, Mr. R. N. Phiilips,.
Mr. and Mrs. W. A. Rose, Mr. and Mrs. Aitchison, &c!

RUSSIAN PRODUCE.—The markets for Russian pro-
duce continue to experience extensive movements, and
hemp yesterday advanced 31. per ton. On Saturday 471.
was accepted, and yesterday 501. was offered.
FALL IN THE PRICE OF BREAD.—Yesterday another
fall in the price of the 41b. loaf of one-halfpenny tpok
place. The bakers at the west-end and other parte of
the metropolis (what are called first-rate bakers), now
charge for the best wheaten bread 104 d. and lid.,
second-rate, 9d. to 91d. ; And some only Sid., weighed
on delivery. Good wholesome bread in the populated
districts of Whitechapel, Spitalfields, the Borough,
Westminster, Tottenham-court•road, &c., may be pro-
cured for Bd. the loaf.

ESTFA

MONEY \INIARKET

COMMERCIAL aIRTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 5,000 to 6,000 bales, including
1,000 for export and on speculation. The market
closed steadily at previous rates. The sales com-
prised 69 Pernam and Maranham at 6id. to 60.,
50 Bahia at 6fd, 100 Egyptian at 5/d. to 7d.,
500 &rat at 3id. to .od., and the remainder
American. The Railway Share Market opened
heavy, but closed rather firmer.
It is stated by Messrs. Smith and Charles, in
referring to the sugar trade :—" There are no
letters to-day from Petersburg. Since our last
advices on Friday our market has advanced ; the
,Emperor's mahifesto being regarded as a final close
to the question of peace or war." As an additional
evidence of the state of feeling here, we mention
that hemp has advanced 31. per ton since Satur-
day, clean is now quoted 50s.
Accounts from the cattle fair of Luxemburgh
state that the number was large of most animals.
Horses were in demand at higher prices, no doubt
arising from the requirements of the European
,armies.
The Danish Government has abolished the Light
and Pilot dues payable hitherto at Kiel upon
Transatlantic ships and their cargoes.
The steamer Magdalena has arrived, but her
letters will not be in town until to•morrow.

The Budget has engrossed almost exclusive at-
tention this morning, but is of so simple a cha-
racter that very little room is leftapparently for dis-
cussion and conjecture as to results. It seems positive
that the Chancellor of the Exchequer can, by means
of the surplus in hand, the issue of floating debt to
the amount of 1,750,0001., and an increased income
tax, make the receipts meet the expenditure, save
those extraordinary expenses to which the war will
ve rise, and, which defy previous calculation. A.
large addition to the Income Tax is not very agree-
able ; but a retrograde movement in our commer-
cial system, just as we -have lightened the duties
upon imports toSomethtnglike a rational standard,
would be still more regretable. Among the minor
changes, one of importance to the mercantile com-
munity is the' imposition of a stamp upon bills of
exchange, whether drawn in this country or abroad.
This will be only just, and will relieve innocent
holders of all` risk.

A decision in the Court of Chancery is recorded
in thiS morning's papers, and is important to the
Stock Exchange, since it appears to reverse a judg-
nient given only a few days since by Lord Camp-
bell, and restores the old understanding that
foreign stocks or English securities (not being pub-
he funds) can be purchased for a given dap, or,
as it is commonly termed, for " account." Years
since, there were_decisions in this sense, and we
were much surprised when Lord Campbell's judg=.
ment seemed to bring all time bargains under the
act of George 11. • .
As many of the jobbers yesterday predicted,
there has been an improvement in the funds upon
its becoming known that no loan will at present be
required. We can hardly conceive, however, that
prices will rise -to •any .extent while the war is in
progress. Consolshave been 91 to 911 for transfer,
and 91 to 91 fol. account. Exchequer Bills are
13s. to 18s.; and. East India Bonds 4s. to 9s. prem.
South Sea Stock has been done at 115. Bank
Stock has not been higher ihan 218 f.
The foreign stocks have been a little firmer, but
very quiet. Mexican Bonds have realised 24f to
I-, an advance owing to the arrival of the Magda-
lena. Chilian 6 per Cents. have been at 103, and
Brazilian small stock is at 99. Spanish 3 per Cents.
have realised 36i ;.,Dutch 2f per Cents. have
-been marked •54/. ••
Railway shares have recovered a little, and are
in some•instancea about 10s., better than yesterday.
This corresponds with the improvement in English
securities. The chief business has been in Caledo-
nian, Great Northern, North Western, and York
and North Midlind.• Foreign shares are all ne-
glected.
The current prices for the Jamaica mines, not
officially quoted, are as follows :
Metcalfe, par to # premium ' • Sue River, dis•
count to par ; Post Royal, to premium.
In the Mines and Banks 'there is very little
doing, and the Miscellaneous Shares are generally
quiet.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(Prom th,e Official List.)
: Business dons.
Bank Stock .......... ...... ......... 2lBi
3 per Cont. Reduced-Annuities
3 per Cent. Consols Annuitie5,................. 911 # 1
New 31 per Cent. Annuities_ 92
Long Annuities, Expire sth JIM.. 18g0 ... 51 5.16 3-16
Dittc. 30,Years, Expire 10th Oot., 1859.... ^ 4 15-16
India Bonds. £1000...:...:..:...................4 p
Ditto, under £lOOO 9 p
South Sea Stock
Console for Account 16th March .. 9ll 1 a
Exchequer Bills, 15.
£1000

£5OO l3 18
Small lB
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent.
Ditto Small
Chiliau Bowls, 6 per Cent... ....... . ..... 103

Danish Bonds, 1825, 3 per Cent 74A
kf axican 3 per Cent.
Russian Bonds, 5 per Cent.
Ditto for the Account B9 7i
Ditto 4A per Cent B3
Spanish Bonds, 3 per Cent 36i i
Venezuela Bonds, 3 per Cent.
Ditto Deferred, 1 per Cent ll
Dividends on the above payable in London.
Dutch Exchange, 21 per Cent. 12 Guil 554
Ditto 4 per Cent. Certificates.....
,s, HALF•PAST TWO.
Conga; 9l r h
Ditto March Account 9ll f

DONCASTER RACES.

(THIS DAY.)
(BY ELECTRIC TELEGRAPH.)
TRIAL STAKES.
Snowdon Dunhill
Five ran.
Oscar scratched for the Steeplechase.

WEST INDIA MAILS.
4 -
(BY ELECTRIC TELEGRAPB.)
SOUTHAMPTON, TUESDAY MORNING.
The Royal mail steam-ship Magdalena, Captain George
Abbott, arrived this morning,, with the West India, Pa-
cific, and Mexican mails, in charge of Lieutenant Wil-
kinson, R.N., Admiralty agent. During the latter part
of her voyage the Magdalena had encountered a continu-
ance of strong gales front the eastward the ship rolling
greatly, and shipping great quantities of water.
The latest dates are :—Tampico, Feb. 2d ; Vera
Cruz, sth ; Greytown, sth ; Nassau, 16th ; Chagres,
Bth ; savannah, 11th; St. Thomas, 18th ; Jamaica,
11th ; Barbadoes, 12th. She brings 78 passengers,
and on freight specie value $2,680,769 ; also for
account of the Mexican dividends, $66,558 ; gold
and gold dust, $27,500 ; platina, value $46,767.
The cargo consists of cochineal, jalap, quinine, sar-
saparilla' &c.
From Jamaica we have dates to the 11th ult. The
island was healthy, and the existence of cholera is denied.
The House of Assembly was still in session, and had
agreed to the Responsible Government Bill, which would
aeon, therefore, be under the consideration of the Coun-
cil. The deficiency of revenue during the " dead-lock"
was ascertained tc be about 120,0001. This the Assem-
bly proposed to meet by the issue of half that
amount of Exchequer Bills, bearing 6 per cent. interest,
and half in island cheques. In the Jamaica markets the
high price of all descriptions of imported goods con-
tinued to check the operations of trade. Supplies were
ample. Sugars were accumulating at Kingston, and
holders were unable to realise in consequence of the coh-
tinued scarcity of tonnage, and there was no pimento in
the market. The cholera was subsiding in the islands,
where it has lately been committing ravages.
The Pacific steam-ship Lima arrived at Panama on
the 4th of February, with dates from Valparaiso Jan.
15, Callao 24th, and Guayaquil 30th.
The Valparaiso markets had slightly improved.
Prom Lima we learn that Gluts had but little chance
of success against the present Government, unless Gene-
ral Belzu, with the Bolivian invading army, should effect
a junction with him.
H.M. frigate President had arrived at Valparaiso.
The advices from the Darien exploring party are snore
favourable, and good progress was being made. The
party was in good health.
The Panama Star says that a party of 250 officers
and men, which left the United States brig Cyane
for the interior on the 16th of January, had not been
heard of up to the 25th. Another party had been sent
in search of them, and it was supposed they had reached
the Pacific side.

By way of Callao we have Australian dates to the 14th
Nov., but the news is not later than direct advices pre-
viously received.

BUSINESS OF THE PORT OF LONDON.—In the general
business of the port of London during the past week
there has been diminished activity. The number of
ship; reported inward was 140, being a decrease of 32
from the previous week. Of grain there were reported
44,394 quarters, including 21,406 quarters of wheat ;
of flour, 11,999 barrels and 1,230 sacks ; of tea, 15,03 A
packages ; of sugar, 1,386 hhds., 2,082 cases, 932
casks, and 8,794 bags ; of rice, 2,930 bags ; of tallow,
170 casks ; of coffee, 3,188 bags and 1,071 casks ; and
of hops 388 bales. The number of vessels cleared out-
ward was 80, being an increase of six over the previous
week. Of these 10 were in ballast, and 11 for the
Australian colonies.
PORT ROYAL MINING COUPANT.—A meeting of the
Port Royal (Jamaica) Mining Company took place yes-
terday, at which the report, detailing general progress,
was adopted. It states that there is at present in the
bands of the bankers 2,5271., which may be considered
sufficient to meet the current expenses until Messrs.
Lowry and Clewee, the persons examining the various
properties; shall recommend more extensive •perationr.
_