The Sun.
London, England, 1838-04-18 00:00:00

EAST LOTHIAN . ELECTION.

On Saturday the election of a Member to serve in Parlia-
ment for the oounty of East Lothian, in the room of Lord
Ramsay, now Earl of Dalhousie, took place at Haddington.
No opposition being anticipated, little interest was excited.
After the usual preliminaries had been gone through, and Sir
T. B. Hepburn had been proposed and seconded,
Sir DAVID BAIRD wished to know, before the election wag
declared, whether Sir Thomas was prepared to give his con-
stituents any farther information regarding his political princi-
ples than was contained in his printed address ?
Sir T. B.- HEPBURN asked the Sheriff whether Sir David
Baird was entitled to stop the proceedings of the election by
questions, and before another candidate was proposed.
The SHERIFF said the election must undoubtedly proceed ;
hut, at the same time, it was customary to allow any free-
holder to put to a candidate what questions he thought proper.
Sir T. 13. HErnunN said, if it would avail any thing as re-
gart'ed this election, he would answer any questions ; but as it
would not do so, unless another man was to be proposed, ho
must decline to do sp. After the election he would answer
ever• thing.
Mr. Hors,: (of Fenton), said it depended on Sir Thomas's
answers whether or not another candidate would be proposed.
He wished to ask Sir Thomas if he would support a Bill for
suppressing bribery, corruption, and intimidation, in the shape
of a Bill for Vote by Ballot.
Sir Thomas declined to answer the question, and no other
candidate having been proposed, the Sheriff called for a show
of hands ; after which he declared Sir Thomas Buchan Hep-
burn duly elected.
Sir THOMAS then came forward and addressed the electors
in a long speech ; at the conclusion of which Sir D. Baird
addressed the audience. The Hon. Baronet retired amidst
laud cheers.

Sir T. B. HEPBURN then again presented himself to the
meeting, whose patience he well nigh exhausted, and after at-
tempting once or twice unsuccessfully to obtain a further hear-
ing. he and his party left the hustings.
The Sheriff also retired, and so did Sir David Baird and
his friends. The crowd in front of the hustings then quietly
dispersed. Sir Thomas afterwards underwent tke ceremony
of being chaired through the streets of the town.

EADVERTISENILNT,I-We have observed, in our
paper, an Advertisement, calling into question the merits of
the celebrated Amber Spectacles, which have always borne •
the character of superiority, for defective vision, over every
other kind hitherto employed; and have been so highly re-
commended for their preservative and assisting qualities, by
men of the highest character and professional reputation. The
names of Messrs. Dollond and Curtis being used, it is right
that the public should be apprised of the ascertained fact, that
it has owed its insertion, not to the sanction, or even know-
ledge of those gentlemen, but to the personal pique of inte-
rested individuals.

EA DVERTISEMENT.j-TESTIMONIALS FROM
SURGEON TYRRELL ON E. SOLOMONS' PATENT SPECTACLE,.
I have tried with different persons (requiring the aid of
concave or convex lenses) the Amber Spectacles manufactured
by Mr. E. Solomons, 36, Old Bond-street, and find them to
be superior to those of glass. The plain amber spectacles ap-
pear to modify bright and strong light better than the green,
blue, or other coloured glasses in common use ; the concave
and convex lenses formed of this material, possessing this pro-
perty of modifying light, are, in my opinion, much more ad.
vantageous than lenses of the same power made from glass.
FREDERICK TYRRELL,
Surgeon to St. Thomas's hospital, and the London
Ophthalmic Infirmary, Mcoifields."
THE NELSON MONUMENT.—We hope that an.
other week will not elapse before a Committee is established
in these towns, to aid the truly national object of erecting a
monument to the memory of the immortal Nelson. Several
p-ovincial Committees have already been formed, and the pro.
ject, wherever broached, has received the unanimous concur.
rence of all classes. It will naturally be expected that Ply-
mouth, Devonport, and Stonchouse, with their' numerous
naval and military residents, will not be behind hand in tes-
tifying their attachment to the memory of a hero whose deeds
have no I,ss redounded to their honour and glory, than to the
honour, glory, and advantage of their country.—Devonpore
Telegraph.

(From the Morning Papers of this day.)
MORNING CORONTCLR —The exportation of the precioes
metals from the port of Londoe, for the week ending the 14til
instant, consisted, according to the official retnt•rta, of 20,382
oz. of silver, of which 16,500 oz. were chipped to Van Die-.
men's Land, and 3,882 oz. to Beigieem,
The position in which tho solders of Spanish herd h are
now placed, in consequence of the negociatir+Ml Oh foot with a
view of raising, a loan, is the subject of Much and anxious dis-
cussion. There is evidently great apprehension that they will
be placed in a worse position ; and many persons hove there-
fore been induced to dispose of their stock, even at the present
low price of 24 which includes two veal's' dividends of .5 per
cent. ; but if the question were mere minutely examined, it
would be seen that there is agroat probability of something be-
ing done to improve their prrspects, as the interests of the
bondholders are now more closely identified with the financial
measures of the Government than they have perhaps ever
been. • The difficulties which have arisen in the ccmpletion of
the negotiation with M. Aguado are entirely in consequence
of the determination not to admit the loan into the Stock
Markets of London and Paris ; for, of course, -when he found
there would be no opening for the sale of the stock, he imme-
• diately suspended his proposals until the Government had
adopted some measures which included the claims of the fo-
reign bondholders. In:a few words, the Government want
money to meet the exigencies of the state ; the Legislature
has sanctioned the creation of the new loan ; parties are
ready to advance the money if the foreign markets are opened
for its sale ; and this can only be done by the claims of the old
creditors being first taken into consideration.
The Government of Holland has at length thrown off the
mask, and ventured once more to come before the world as
borrowers of money, by issuing the prospectus of the new an-
nual loan. The amount is 8,500,000 guilders, for which in-
terest at the rate of 5 per cent. per annum is to be paid, and
the security to be upon the revenues of the East India co-
lonies of Holland. The stock is to be issued at par, and to
be subscribed for in the books of the State in 8,500 shares of
1,000 guilders each. The interest is to be paid on the Ist
of April and Ist of October, and to commence from the
Ist of April now past. The payments are to be made in
two divisions, namely, 300 guilders on the 15th of June
next, and 300 guilders on the 15th of September. Brokers
to be allowed one quarter per cent. commission for inducing
persons to subscribe. Such are the outlines of this scheme
to procure the means of paying, the dividends which be-
come due on the Ist of July; but if the English public
be weak enough to embark their money in it after the re-
peated cautions we have given, with clear and detailed expo-
sitions of the real state of Dutch affairs, they will only have
themselves to blame when they find their property depreciated
to a most serious extent, which, sooner or later must occur ;
and these continual loans only hastens the day of reckoning.
The slightest examination of the present proposal will at
once open the eyes of ever)body ; and it confirms, moreover,
what we hare over and over again stated as to the insecurity
of Dutch stock, and the shifts and contrivances which are
adopted to obtain the needful. We will, in the first place,
call attention to one fact, which to a casual observer may
pats unnoticed, but it speaks volumes as to the folly of
any person investing money in this new loan. It is to
be issued at par, it will be observed, and is at 5 per
cent. stock ; yet, on reference to any list of foreign secu-
rities, it will be seen that the loan of last year, also a
5 per cent, stock, is now only 98 to d, or 2 per cent.
below par ; so that the natural effect will be, that whenever
the new stock is brought upon the market, it will at once go
to a discount. • This is the simple fact, and ought of itself to
be sufficient to deter anybody from subscribing for the new
loan. Six months' interest upon one-half, and three months'
upon the other, is to be presented gratis to the subscribers, by
way of increasing the nature of the tempting bait to English
gulls, minnows to catch mackerel, inasmuch as only half the
money is to be paid in June, and the remainder in September;
yet the interest begins on the Ist of the present month, and is
due, consequently, on the Ist of October. Of course the secu-
rity upon the revenues of the Dutch East Indian possessions
must be well known to be no security at all, for the ex-
penses of these colonies hare for some time exceeded the
income, and a part of this very money which the Govern-
ment is now attempting to get hold of is for the pay-
ment of the " extraordinary expenses of the colonies," the
'words of the vote which has recently been passed by the
States-General, and in accordance with which the present
loan is now to be raised. This thin pretence being therefore
removed, there is no real security of any kind for the money ;
and as there is little or no prospect of a settlement of the
Belgic question, or certainly none that the Belgians will now
take upon themselves one farthing of the debt of the Nether-
lands, it will be the height of folly and gullibility for English
capitalists to advance another sum of money, approaching to
a million sterling, to an impoverished and bankrupt people
like the Dutch. Let it always be borne in mind that the
debt of Holland is already 136,000,0001. ; its population little
more than 2,000,000 ; its army about 120,000 men ; the
people taxed to the very utmost ; and the country devoid of
mines, minerals, or any of those natural productions which tend
so materially to enrich a nation, and render it prosperous and
happy.

Times.—.By the advices from Hamburgh the price of gold
is 435 k per mark, which, at the English Mint price of
31. 17s. 101 d. the ounce for standard gold, gives an exchange
of 13. 10i, and the exchange at Hamburgh on London at. short being 13. 01, it folows that gold is 0.23 per cent. dearer
,at Hamburgh than in London.
The premium on gold at Paris is 81 per mine, which, at
the English Mint price of 3/. 17s. 101 d. the ounce for
standard gold, gives an exchange of 25. 36}, and the exchange
at Paris on London at short being 25. 571, it follows that gold
is 0.84 per cent, lower at Paris than in London.
The price of sovereigns at New York is 4.95, which esta-
blishes a par of exchange in paper of 111.37 per cent., and
the course of exchange at New York on London being 105/
per cent., it follows that the exchange is 5.62 per cent. against
.England.

MORNING POST.—The Foreign Funds were not very buoy-
ant to-day, with the exception of Portuguese and Spanish
Stock, in which some speculation was indulged. The ex-
pectation that political affairs in Portugal will remain
tranquil for a short period has induced many parties to buy at
the late low prices; the Five per Cents. have been driven
up in consequence to 32k, and the Three per Cents. to 22 ;
but this afternoon each Stock declined to per cent. The
value of Spanish Bonds was increased to 20i. French Five
per Cents, declined to 108 f. 50c. ; but the Three per Cents.,
on the contrary, improved, and closed at 81f. 50c.
The quotations of Dutch Stock are not much affected
by the proposed contract for a new loan for 9,500,000
florins, as the proceeds are to be applied to the
payment of the interest which will soon become due
upon the debt claimed by Holland from Belgium. The Dutch
Two-and-a-Half per Cents. left off this afternoon at 54, and
the Five per Cents. at par; and Belgian at 1031. Colom-
bian Stock for the Account has advanced to 21 ; but Brazi-
lian remains steady at 76.
The British Iron Shares have not been sold higher than 35
discount to-day. The Asphalte ( Claridge's) Shares are
worth 13 prem. It is intended to form a Company at Liver-
pool to extend the use of the Asphalte of Seyssel to the
United States and the British North American Colonies. The
Railway Shares are not much in demand. The Great Wes-
tern have improved to 311 prem., the Brighton to 2f prem.,
and the Greenwich to 3,i dis.
In the Foreign Exchanges there was a tendency to advance
this afternoon, business being now brisk.

MORNING HERALD. —The Money Market presents no new
cause for remark, either as regards its influence upon the
Stock Exchange or commercial, investments. Capital con-
tinues to command but a very low rate of interest, but there
is still no direct inclination for entering into speculations of
moment.

There has been rather more doing to-day in the Continen-
tal exchanges, and generally the quotations have advanced,
particularly on Paris, on which city they have reached
2.5 f. 85c. a 25f. 90c. ; on Amsterdam they rule at 12 5i a
12 5i ; on Rotterdam at 12 51 a 12 6 ; and on Hamburg at
13 12i a 1.3 13.
The market for tlae British securities has not been distin-
guished by any great degree of activity, although there have
been some dealings in the heavier securities, and the Long An-
nuities ; but in the quotations there has not been much change,
as they closed at nearly yesterday's prices.
Some months since we referred our readers to the cireum-
stance of an effort being about to be made to establish a New
Joint Stock Banking Company in London, of sufficient power
to serve the Commercial community without being trammelled
by want of means, or by Government influence, under the title
of the Commercial Bank of London. It has transpired to-day
amongst the monetary circles that the project has not been
given up, but rather is making steady progress, although the
parties have determined to ensure stability and the connection
of wealth by altering the proportion of shares and subscrip-
tions, which, being raised to shares of one thousand pounds
each, with ten per cent. paid, is more likely to exclude all
jobbinT. We merely allude to this projection inasmuch as it
Shows that many of the private bankers are inclined to fall into
the project, which Messrs. Coutta have sanctioned, by permit-
ting their names to be used as the receivers of the deposits.
It is also understood that the business of several London
hankers has been offered to the Provisional Committee, hut
with one only have they treated. It is not our province to
make any further allusion at present.

•
EXTRAORDINARY ROBBERY.— At the Bury
Quarter Sessions on Monday, Mr. Charles Kirrage, an opu-
lent tradesman, carrying on the business of a builder, was put
upon his trial for stealing' a glass containing 141. los. and a
bad half-crown, from Mrs. Hughes, shoemaker and grocer, of
Long Brackland. On the sth of last month the prisoner,
whilst in a state of intoxication, went into Mrs. Hughes's
shop, and asked for a pair of shoes she was repairing for him.
At the time he was there she gave change to another trades-
man of the place out of a glass in a case behind the counter.
She told the prisoner the shoes were not done, on which he
darted round the corner, seized the vessel containing the
money, and ran away with it. On the following morning the
prisoner was taken into custody, but was quite unconscious of
having committed the offence. The Jury returned a verdict
of Not Guilty.—Bury Post.
The Constitutionnel threatens the French on the ht
of May with the creation of eight Dukes, twenty-five Mar-
quises, forty Counts and Viscounts, and a hundred Barons.
'Phis seems very useless in France, when the law allows any
individual to adopt whatever title he may fancy, and where so
many individuals profit by the permission without adding at
all to theii honour and respectability; whilst, on the other
hand, many genuine and truly descended Counts and Mar-
quises have dropped their hereditary titles as inconsistent with
tlaeir fortunes and With the ideas of the time.