The Sun.
London, England, 1853-09-14 00:00:00

of all this has deplorably justified the gloomiest
of our anticipations. Russia, recognising on the
instant in this shameless proposal of the Four
Powers the advantages certain to accrue to herself
from its acceptance, at once consents to the Vienna
suggestions promptly and unconditionally. Tur-
key, on the other hand, perceiving at a glance the
faithlessness revealed by her allies in this dis-
graceful proposition—perceiving that the ac-
ceptance of that proposition by the Divan
would involve the degradation of the autho-
rity of their Imperial master the Sul,-
TAN, and the virtual relinquishment of his
independence—at once refuse to receive the Note
from Vienna, until it has been rendered palatable
to them by a series of what they assert forthwith
to be imperatively essential modifications. Directly
news to this effect arrives from the Golden Horn,
we are assured that the preliminary changes re-
quired by the Divan are altogether unimportant in
their character, that they are, to all intents and pur-
poses, really quite insignificant. Yet, on turning
to the official despatches of REDSCHID PACHA, the
Turkish Minister for Foreign Affairs, a communica-
tion addressed by him as recently as the 19th ult.,
to the British, Austrian, French, and Prussian
representatives, we find that these wholly " unim-
portant" modifications are, nevertheless, deemed so
absolutely requisite by the Divan, that his Highness
upon one point declares, "It is therefore totally im-
possible for the Government of his Majesty the
SULTAN to assent to such a proposition without
being forced!" Anxiously, therefore, after this, but
still with an affectation of regarding the matter
as really insignificant, the allie I Plenipotentiaries
forward to the Councils of the CZAR intelligence
of the modifications insisted upon by the Turkish
Government. Then follows an interval of timo-
rous solicitude. Everybody, sympathising with
the policy of the ABERDEEN Cabinet, awaits the
decision of the Emperor NicsoLas tremblingly
and ou the tiptoe of expectation. That decision is
at last received via Berlin through the Electric
Telegraph a peremptory rejection of the
Turkish modifications ! Can that rejection,
we ask any man of common sense and im-
partiality, can that rejection by the CZAR be
any matter of surprise under the circumstances ?
The Russian Government receives certain pro-
posals from the Four Powers, and accepts them
at once, unconditionally. Shortly afterwards it
is asked to consent to certain changes and modi-
fications in the Note as originally accepted.
Naturally, inevitably, it refuses to consent to those
modifications. It argues of course—No, we have
already assented to it as it stands : it is nct ours, it
is your own proposition. The onus, consequently,
of this new complication devolves upon the
Turkish Government. Can that Government
withdraw its modifications ? Scarcely. It has
already declared them to be imperatively essential
as a preliminary. His Highness the Foreign
Minister of the SULTAN, as recently as the
19th ultimo, as already observed, has dis-
tinctly asserted—" It is, therefore, totally im-
possible for the Government of his Majesty to
submit to such a proposition, WITHOUT BEING
FORCED." How, consequently, from this la-
mentable complication of difficulties, can
our rulers discover any means of honourable ex-
trication ? If the modifications be insisted on by
the Four Powers, they will have dealt falsely with
the CZAR, for he has already, as we have seen, I
accepted their own proposition promptly and
unconditionally. If, on the contrary, those
modifications be rejected by the Four Powers as
superfluous and unnecessary, the SULTAN, yet
more than the AUTOCRAT, will have been odiously
deceived and monstrously abandoned. Here,
for the present, is our dilemma. For the dis-
grace of having fallen into it, for the in-
famy resulting from it, for the odium that
must inevitably attach to us from the remem-
brance of these most lamentable negotiations, we
have to thank the shuffling, timid, and changeful
foreign policy of the Earl of ABERDEEN'S pusilla-
nimous Government.

The Bears are still carrying on their operations
with extraordinary vigour and energy, and
hitherto with marked success. Stocks and shares
of every description have been greatly depressed,
chiefly from the doubt and uncertainty still
hanging over the solution of the Eastern difficulty,
and in some respects from the fears entertained
as to a deficient harvest, and an insufficient sup-
ply of food for the people. Further measures on
the part of the Bank Directors to enhance the
rate of interest are more than hinted at, and
nothing that can increase the feeling of alarm in
the public mind, or deepen the existing gloom, is
left undone by the bold and not very scrupulous
speculators for a fall. It must be admitted that these
persons are wise in their generation, and that they
turn to the best advantage not only any circum-
stance, however trivial, but even any rumour, no
matter how improbable, that may add to the
panic which they have excited. The proceedings
of the ursa major of the Great Northern Despots,
whose unwarranted and unwarrantable invasion of

the territories of a friendly power led to all these
evils, were complete godsends to his minor
brethren, and the vacillating and temporising policy
of the " excellent ABERDEEN," and his supporters
in the Joint-Stock Administration, consummated
the mischief.

would not, without a struggle, relinquish
the advantagLeus position Le had
with his troops quartered in the dominions, and
devouring the resources of the enemy. The ques-
tion of " teeth money" had not been settled, or
the amount of compensation which might be
claimed by NICHOLAS, for the expenses of his
occupation. That his demand would be extrava-
gant, such as could not possibly be submitted to,
was by no means improbable, and that they would
still further entangle matters which previously
had been more than sufficiently complicated, was
to be expected. But that any serious hostilities
would arise, in which the Western Powers would
participate, we never anticipated. The EMPEROR
will go as far as he can with impunity, but he
will know when and where to stop. He is too
well aware of the dangers and inconvenience of a
direct collision with the combined navies of Eng-
land and France to plunge into the contest.
Clouds may low over the political horizon, but
the storm will be averted ; the aspect of affairs
may be threatening for a time, but that is all.
We are firmly convinced that there will be no pro-
clamation of war—no battle in which England may
be engaged. The solution of the problem will be ar-
rived at more speedily than has been anticipated, and
the rapid improvement of quotations of every
kind of stock will heap ample retribution on
those who are endeavouring to increase the alarm
or foment the panic at the present moment.

There is no better foundation for the fears re-
specting the deficiency of the harvest, or the
supposed famine that is said to be impending.
That prices have risen very materially within the
last few months is certain ; but these additions
are ascribable more to the improved condition of
the working population than to any probable
scarcity. The general employment has created
an additional demand for comforts and luxuries
utterly unknown under less favourable circum-
stances. The holders of stocks of every kind are
making the most of the change, but there is no
danger of a deficiency. The table of imports and
exports will prove that fact beyond the possibi-
lity of doubt.
Let persons, then, refuse to sacrifice their pro-
perty at the present prices ; let them decline to
play the game of speculation by casting it on
the market. They may be well assured that there
will be a speedy reaction, if they are only true to
themselves and abstain from increasing the panic
by yielding to the fears excited by unconscientious
and interested persons.

The very sensible remarks on Convocation, by
the Archbishop of CANTERBURY, which appeared
in our paper of Saturday, deserve a brief notice.
His Grace availed himself of the opportunity of
meeting the clergy resident in the vicinity of
Ashford and Sittingbourne, to expound delibe-
rately his reasons for objecting to a revival of the
activity of Convocation. Though much might
be said which his Grace wisely abstained from
saying, yet what he did say is weighty enough.
The Convocationists well know that the country
has plenty of reasons of its own, in addition to
those which the Archbishop appropriately urged
upon ministers of religion, which will always be
fatal to their object. We have furnished them
with some of them—if, indeed, they see fit to
honour us with their attention. We will not re-
cal them just now, but we strongly advise them
to make a " Vienna note" of their Metropoli-
tan's charge, to sign it with all possible dispatch,
and to withdraw at once from a contest in which
they are sure to be thoroughly beaten.
Dr. SUMNER pointed out, with perfect truth,
the utter inutility of a Convocation, even sup-
posing it were a real representation of every part
of the country, in promoting the efficiency of the
clergy situated in districts of a most diverse
character. The real work of the Church has to
be done by individual clergymen. Local con-
ferences of ministers in the same district, all un-
derstanding its peculiarities more or less, and all
having a common object, might, of course, be
helpful by mutual experience and suggestions.
A body like Convocation could do nothing of the
kind. It could not increase the efficiency of a
single parish clergyman. " It could not enable
him to bring one additional soul to vital and
serious religion." We fear, however, that this
just observation, so appropriate from one minister
of religion to another, will have little weight with
the Convocationists. They, the noisiest of them
at least, are men to whom their parish is but a
prison, and whose chief longing is to make them-
selves notorious beyond it, or to gain the power
belonging to chief clerical debaters in a clerical
assembly. The sober part of the public will en-
tirely concur with the Primate.
In respect to other important general objects
for which a living Convocation is desired, his
Grace shows that all of them can be best
accomplished by the existing voluntary so-
cieties and organisations connected wich the
Church. For education they have the Na-
tional Society, and the Diocesan Boards of Educa-
tion. For " the extension of the means of grace
in proportion to the population," they have a
society which has been at work successfully for 40
years. For the " propagation of the gospel in
foreign parts" (whether amongst our colonists, or
amour, the vast numbers of heathen beneath our
rule), they have the society which, for 140 years,
has borne that name. Were they to undertake
in Convocation the work of this society, what
could it do but use the very means—Bibles,
books, and missionaries—which the Society now
employs ? Now, all this is well said. The Arch-
bishop has hit the right nail on the head. " If,
gentlemen, your object be not ecclesiastical noto-
riety and power, if it be simply to forward that
solemn and supremely important work for which
the nation supports you, first attend to your work
quietly and vigorously in your respective parishes
and districts. Secondly, if you contemplate home
or foreign usefulness of a religious kind, why, no-
thing prevents you from aiding old societies, or
forming new ones, if you will ; you are free to
contribute your money, to choose your own com-
mittees, to elect your own officers, and to extend
the Church at home and abroad as much as you
please."
Though not in so many words, the Archbishop
yet plainly tells the clergy of this day that it is
to the voluntary principle they must look for
Church Extension. Before the time of the Re-
form Bill, the Duke of WELLINGTON himself, in
his place in the House of Lords, told them expli-
citly the same truth. To a large extent his ad-
vice has been acted on since with great success,
and the Church must continue to act upon it.
Even the present reformed Parliament showed
pretty plainly last session that the time for eccle-
siastical jobs is gone by. The census returns, too,
have made it impossible for any Government to do
more than preserve the present endowments of
the Established Church for the use of its mem-
bers, and Churchmen will be wise not to provoke
comparisons of their claims to increased legislative
protection with those of other sects. As Lord
STANLEY has justly observed, " the principle on
which the present generation inclines to act, is
that of strict religious equality." Other sects have
shown, every now and then, some impatience of
What would be
the legislative powers of bishops.
the resistance should any Government seriously
propose to give the Church of England a convoca-
tion—not a mere voluntary association of active-
minded. Churchmen—but a convocation having a
legal status and powers, and a rank ecclesiastically
parallel with that of our Houses of Parliament
politically ?
We feel pretty confident that the statesman
aegxaciettn
ttlrem
element will always predominate too largely in
any Cabinet to permit to Convocationists the
chance of Governmental support ; the country is
safe against the nuisance of having to petition
areilo. atlsrelvi re i
in another dmiarneccitsiOn_Wthee
service, i Still,n
showing th e At Archbishop bri sehl
religious
hasus
r e
adsoonn es
of action. (,iehty as political reasons against indulg-
ing
golrr.:ce. G.
doch
Church
hrienhk
d, e
s however,need
morethat
liberty
shown that we do need means
nisn sotfr uGctliaosn , do
fOd seg or
communicatingßa
dr raEt, in n, his
has
rere
lviegliaottiios
to the most depraved portion
of the community, of a humbler kind and less
formal character than those which now exist ;
and we cordially concur those'who urge the

If an English Minister had held the seals of the
Foreign-office when the Russian troops first crossed
the Pruth, and thereby created a casus belli which
threatened to disturb the peace of Europe, the
matter would now rest upon a very different basis,
and that most important element would no longer
require to be taken into the calculation. But, un-
fortunately, the England of 1853 did not maintain
the position to which she had been elevated when a
more decisive and manly policy prevailed in her
councils, and when the Minister who suggested a
Quaker-like submission to insult and contumely
would speedily be hurled from place and power,
and when a British Parliament would not abdicate
its functions in favour of any man or body of men,
however well merited the confidence that might
be reposed in his or their ability, and discretion,
andenergy. But, nous avous changee tout cela,
the favourite doctrine now appears to be, that we
should endure patiently any outrage—that we
invariablyz bear our- snubbings with equanimity,
from
the
ee
en
turning
ever the other cheek to the smiter" when
efirst became unpleasantly warm
_arcussions. What is the use of
being ~
pre i
however wPanton for war,,,
.11 produce remonstrances,
or lead to a determine
if no provocation,
resistance by what was
once " a first-rate Power,"e but which has fallen
from its high estate, and
wt henceforth hide its
diminished head -whenever must
requiring in-
fluence and respect is on the tapes
led to
the Adminis-
mndust make theinbest eo-f
thistapes?
But, although we may condeni,
ovfacaiffll,alitrisn,gwceo
it, and the questions to be considered
pt I ao
it: iaobnl e ws
ht
ao ts ee
flexion with the subject on which we sta rtecdon.
namely the ursine operations, and the depressed
quotations on the Stock .
Exchange, are the follow-
in, viz.—Will hostilities be. commenced in Which
be involved ? And, if
England must necessarily so,
are they likely to be so serious as to lead to any
prolonged pressure on the national resources ?
Now, before we respond to these interrogatories, we
must remind our readers that we stood almost
not as yet
alone in declaring that matters were
when other
conclusively or satisfactorily arranged,
journals were singing pceans in honour of the
moderation (?) of the CZAR—of his ready conces-
sion to the remonstrances of the other Powers,
and willing acceptance of their conjoint propo-
sitions. We entertained a wholesome distrust
of Russian diplomacy, and believed that he

legislative removal of every restriction which
„ , ;
from providing and giving such instruction. There
is not a Church in Christendom which fetters the
action of its parish clergymen so much as our own.
Strike off those fetters. Emancipate curates from
slavery to the bishops. Give scope to all the
zeal there is for doing good. But let us hear no
more of reviving a defunct scheme for clerical
strife and ambition.

COURT CIRCULAR.

BALMORAL. SEPT. 12.

Her Majesty and his Royal Highness Prince Albert
attended divine service yesterday in the parish church
at Crathie.

....
The service was performed by the Rev. Archibald
Anderson.

In attendance were the Duchess of Wellington, the
Hon. Mary Bulteel, the Earl Granville, Colonel the
Hon. C. B. Phipps, and Colonel the Hon. A. Gordon.

Her Majesty and the Prince dined yesterday evening
at Abergeldie with her Royal Highness the Duchess of
Kent.

THE LATE DUKE OF WELLINGTON.

This day, Wednesday, the 14th, is the first anniver-
sary of the demise of Britain's greatest warrior. The
Duke died at three o'clock on Tuesday, September 14th,
1852.

There have since departed from amongst us several
other heroes, whose names will long live in English his-
tory, We may particularise those of Napier, Saltoun,
and Douglas, and also Cockburn, who, though strictly
a naval man, also saw military service.
Since the demise of the Duke, Walmer Castle has
been a point of great attraction, and is visited daily by
close upon 200 persons. The greatest possible anxiety
is always evinced to hear of or look at anything nearly
connected with the lamented Duke. Articles of furni-
ture which had been particularly used by his Grace are
eagerly looked at, but the bed which he used and the
chair in which he died, are treated as things quite
sacred.

The present Duke of Wellington still maintains his
father's establishment, and we believe purposes doing
so until the return of the Marquis of Dalhousie from
the East. It is proper to add, that his Grace affords
every possible facility to those desirous of viewing the
castle.

THE FIRE AND LOSS OF LIFE IN WHITE-

CHAPEL.

Yesterday afternoon Mr. William Baker, the coroner
for East Middlesex, held a long inquiry at the London
Hospital, respecting the circumstances attending the
death of Abraham Marcus, aged 17, who perished in the
fire which occurred on Sunday night last in the premises
of Mr. Levine Stone, waterproof clothing manufacturer,
Newcastle-street, Whitechapel. More than ordinary
interest was attached to the case on account of the ques-
tion arising as to whether or not any one was allowed
to carry on such a dangerous trade in so densely-popu-
lated a neighbourhood.
Francis Turner, the parish engine-keeper of Whitecha-
pel, said that on Sunday night last he was called to the fire.
He attended with his engine immediately, and found the
flames and smoke pouring forth from the first floor. The
conductor of the Royal Society's escape came at the same
time as witness, and they both attempted to get into
the room, they having been previously informed that the
deceased was therein. The fire, however, was too
strong to allow them to enter. They, therefore, went
to work, and after some time they got the fire extin-
guished, when Wood, the conductor of the fire-escape,
went in, and found the deceased in a corner of the room,
burnt in a shocking manner, and quite dead. There
was a quantity of solution for niakiag water-proof
dresses in the place. It was made of naptha and other
ingredients the names of which he did not know. The
solution was, however, exceedingly combustible, and
there had been several fires caused from the composition
becoming ignited, in other places, at different periods.
Mr. Michael Castleborough, of 44 and 45, Newcastle-
street, watchmaker, said that on Sunday night, whilst in
his workshop, his attention was attracted by a noise re-
sembling a clap of thunder. Almost immediately after-
wards he heard a cry of fire. He ran up the stairs of
Mr. Levine Stone's house, who occupied the first floor,
and found the premises on fire. The business was ex-
ceedingly dangerous. He had never had a fire in the
same premises before. He understood that there were
no fires burned in the stoves in the room.

The Coroner—Then how do you account for the fire
breaking out ?
Witness—Oh, the mere spark from a lighted candle
would cause the composition to ignite, and the parties
employed on the premises were in the habit of working
by candlelight.
The Coroner said that he once held an inquest on nine
persons, who were killed by an explosion of fireworks
in the same neighbourhood, and another jumped out of the
window ; making 10 deaths. Now it was illegal to ma-
nufacture fireworks in such a place, but it was question-
able whether the parties were prohibited by law from
sarrying on the business of waterproof clothing makers.
He did not, however, think the act of parliament went
so far as to allow him or the jury to interfere with the
business carried on, which was more for the considera-
tion of the police magistrate than the coroner.
Other evidence having been adduced, the jury, after
condemning in strong terms that such a dangerous
business should be allowed to be carried on is such
densely populated neighbourhoods, returned a verdict,
" That the deceased was accidentally burnt to death."

TEE METROPOLITAN LIGHT AND PATENT
LAMP COMPANY.

Under this title a company has recently been estab-
lished, with the view of purchasing the inventions of
Mr. Clarke, of the Strand, in various branches of manu-
facture connected with the production of light. These
inventions are already favourably known to many house
keepers in the metropolis, and throughout the country,
and there can be no doubt will, ere long, come into
general use. That such an undertaking, if judi-
ciously managed, mayi yield a good return on the
capital embarked in t is evidenced by the success which
has attended Price's patent candle company, and, in-
deed, in some respects it presents a more advantageous
opportunity for investment than railways, for the risk is
not so great, and the certainty of a return more ap-
parent, while there is no limit placed by act of Parlia-
ment on the amount of profits divisible among the
shareholders. The prospectus says :
"The inventions consist in the production of the ver-
tical, diamond, pearl, and other lamps of the most per-
fect construction for this country (surpassing all British
and foreign manufactures) ; a complete set of lamps for
India and the colonies ; and the patent gem burner,
which, for illuminating power, is unapproached, and ex-
hibits principles in science never before brought into
practice in the production of light from coal gas.
The estimated value of the articles connected with
the production of light annually sold in the United
Kingdom, and the manufacture and sale of which would
engage the attention of the company, is about 3,000,0001.
With the vast superiority of this company's manufacture
of lamps, and the large connection already available, an
increase of capital will secure an almost boundless trade.
Assuming that 100,0001. only of this trade falls into the
company's hands, (an extremely low estimate under the
circumstances) there would be ample for the return of
20 per cent. per annum to the shareholders upon the
capital of the company. The capital of the company
will become immediately re-productive in the extension
of its manufactures—the present returns exceeding
20,0001. per annum—and a dividend will be payable
to the shareholders at the end of the first 6 months."

THE LATE SIR CHARLES NAPIER. —lt is reported that
the Queen purposes settling an annuity upon the widow
or daughter of the late lamented Sir Charles Napier.
Sir Charles latterly felt keenly what he conceived to be
neglect on the part of the East India Company.
THE MARCHIONESS WELLESLEY.—The Marchioness
Wellesley, widow of the distinguished statesman, is
now staying at Hampton-court Palace in improved
health. The Marchioness has lately been in town, but
not in so serious a condition of health as has been stated
in some of the provincial papers. The Marchioness has
not been suffering from cancer.
A CHILD POISONED WITH LAUDANUM.—Yesterday
Mr. Brent held an inquest at the Royal George, Lower
George-street, Chelsea, on the body of William Parkins,
an infant. Sarah Needham, the child's aunt, stated
that it had been suffering from an attack of diarrhoea,
and on Sunday morning last she advised the mother to
give it a spoonful or so of syrup of rhubarb, which was
in a bottle in one of the counter drawers. Witness had
given the same to her own child with good effect. She
then went out, and on her return some time afterwards,
the deceased's mother drew her attention to the sleepi-
ness of the child. She then looked in the drawer, re-
membering that there was another bottle of the same
size and colour of label, containing nearly a pennyworth
of laudanum, which witness purchased and used for the
toothache, and discovered, to her horror, that her sister
had administered the laudanum instead of the syrup of
rhubarb. The child was at once taken to a surgeon's,
and both the stomach pump, emetics, and other anti-
dotes were immediately and continuously applied. Mr.
Brown, surgeon, of Hans-place, Sloane-street, Chelsea,
was also called, and remained with the deceased for ten
hours, but, unfortunately, the poison had become ab-
sorbed into the system, and proved fatal in the night.
The coroner expressed his astonishment at the want of
caution which had attended the occurrence, and the jury
returned a verdict of "Accidentally poisoned."
CHOLERA AT NEWCASTLE.—The epidemic continues to
prevail in Newcastle and Gateshead. On Monday (the
12th), there were reported for Newcastle, 57 new cases,
10 recoveries, 23 deaths ; for Gateshead the number of
attacks is not known, as all the returns have not yet
come in, but 27 deaths were reported up to Monday.
The local authorities have shown great promptitude and
zeal. Meetings have been held of the boards of guardians
and the local board of health at Gateshead, at which the
attacked,for
medical inspector of the General Board of Health was
pro-
vidingpresent,
ar
medical nd w n
inspection measures
by house to house visitation, were resolved on, so far as
for
of
the cleansingdistri atsnd
the powers of the local authorities admitted.
ELECTRIC CLOCKS IN BRUSSELS.—An illuminated
electric clock has been placed in front of the Hotel-de-
Ville at Brussels, so that the time can be seen as well in
the night as in the day. Electric clocks have also been
attached to the lamposts in some of the principal streets,
and they are in communication with the regulator in the
Hotel•de-Ville. They have perfectly succeeded.

English ..
Irish ....
Foreign ..

Wheat.
630

12,9-90 I 430.

TILE SUN, LONDON, WEDNESDAY EVENING-1 SEPTEMBER 14, 1853.

MONEY IVI A Tis..

.l\ii
CITY INTELLIGENCE.

CITY, TWO O'CLOCK.

The sales of cotton at Liverpool yesterday
were estimated at 4,000 bales, of which 1,000 Ame-
rican were taken for export. The market closed
heavily, and there was more desire to sell. The
sales comprised 3,500 American, 50 Pernam and
Marauham, at 6id. ; 50 Bahia, at 6ad. ; and 200
Surat, at 3id. to 4d. per lb. Railway Shares
were again very depressed, at a decline of about
2 per cent.
The Panama has arrived from Sydney with dates
of May 7, and the Marion from Melbourne with
advices of June 4, but the amount of gold on board
is not known.

Pursuing the tenor of the observations which we
made yesterday under this head, it deserves to be
noticed that the rates of the Foreign Exchanges
were yesterday afternoon in several cases decidedly.
higher. Paris, 90 days, was at 25 20 to 25 ; Am-
sterdam, 11 17A to 18 ; Hamburgh, 13 GI to ;
and Trieste, 10 58 to 11 2. Paris, short, was also
much better ; and the fact is undoubted, as we
stated yesterday, that a leading Hebrew firm sent
in 100,0001. to the Bank of England. The intelli-
gence this morning received that the Emperor of Rus-
sia has rejected the ultimatum, causes not the least
surprise, having been expected for nearly a week
past. Silver has declined id. per oz., sales having
been made of bars and dollars at 60d. to 6did.
Whether the demand will be renewed, depends upon
the news by the next overland mail. As to the
state of the discount market here, there is necessa-
rily a good demand, but the Banks have ample
means to supply it, and the only reason why
cash is not more abundant, is that the Bank
of England, it is supposed, may yet further
put up the rate ; therefore capitalists place their
money at " call" only. If the step is to be really
adopted within any short period, the sooner it were
done the better, as it would rectify the exchanges,
and produce altogether a better feeling. With
gold arriving, and still to arrive from Australia,
however, it might possibly happen that the Bank
would find itself above the market rate, or must
resort to the injurious step of another altera-
tion in a downward direction. It is sur-
prising to see such timidity prevailing, and
we have another example of the effects of
making money at one time excessively cheap, and
then, for want of precaution and foresight, having
very suddenly to raise it. Best bills are readily
discounted at 4 per cent., and others at something
above that quotation. There is not, however, so
strong a belief that the Bank will to-morrow raise
its terms.

The Gold Mine Companies of Australia seem
likely, although started much more recently, to
make as early returns as the Californian under-
takings. The Port Philip Company has received
12,0001. by the Marco Polo, being the produce of
gold assayed and smelted at the Company's estab-
lishment in Melbourne, and found to be 411 grains
better than standard.

The English Stock Market has been fluctuating,
and the uncertainty occasioned by the news of the
rejection of the ultimatum by Russia. There may,
however, be qualifying circumstances that will be
made known hereafter. In the " house," money
has been in more request, and the sales of stock
will account. Such a fall as has occurred is the
first for some years, and when the Eastern
question was far more threatening, the decline
was not nearly so great. As we draw
towards the period of the October dividends,
there will probably be a partial rally, for a great
and sudden fall is almost invariably succeeded by a
subsequent improvement, even if such be not long
maintained. Consols have been quoted 95i to
for transfer, and 95a to 95i for account. Ex-
chequer Bills have been at 3s. discount, and India
Bonds at 2s. premium.
The fall of 6 to 7 per cent. in Peruvian Stock in
the absence of real sales, and with the same confi-
dence as ever in its intrinsic value on the part of
the holders, utterly disproportioned as it is to the
decline of to 1 per cent., and even less in other
foreign investments, has occasioned much surprise
on the part of the uninitiated, but upon inquiry
the matter is more readily explained than would be
supposed. A party who has been speculating
largely for a rise without adequate means,
appears to have become involved, and his
accounts being suddenly closed, there were
scarcely buyers on any terms, the Bears taking ad-
vantage of the circumstance. In the interest of
the real holder, it would be better if all mere spe-
culations for an advance were brought to a similar
close, as the Bears then would have to buy back,
and such undue fluctuation would no* occur.
Peruvian being obviously very low, even pre-
sent state of the Money Market, capitalists would
buy if they saw themselves clear of weak time deal-
ers, as it is supposed they now will be, seeing the stop-
page of the party alluded to. There have been no
bargains this morning. Mexican Stock has ruled
at 241 i to Grenada Deferred is worth £3i to 9.
Sardinian Bonds have been at 94. Russian Four-
and-a-Half per Cents. have been quoted 100 to ,
a decline. Dutch Four per Cents. are 971 to /.
Spanish Three per Cents. have realised 46i.
Railway Shares are still subjected to much
vacillation, and prices have been unfavourably
acted upon by the embarrassment of one or two
minor dealers.. The settlement of the account has
been in progress. The " contangos" have been
to per share generally. French shares have
been worse also.

The Australian Banks have been cheaper again,
and the Gold Mines dull. The Land Companies
also are heavy.

BRITISH FUNDS THIS DAY.
( From the Official List.)
Business done.
95i R B a
994
2 p
95i i i I

3 per Cent. Consols Annuities .
3 per Cent. Annuities, 1726 ...
India Bonds, £lOOO
Consols for Account 13th October
Exchequer Bills, id.
£IOOO
Small par 2 d
PRICE OF FOREIGN FUNDS THIS DAY.
Equador Bonds
Grenada Bonds, Deferred
Mexican 3 per Cent.
Ditto for the Account
Peruvian Bonds, 4i per Cent.
Peruvian Deferred 3 per Cent. .
itussian Bonds, 5 per Cent. . a d
Ditto 44 per Cent.
Sardinian Bonds, 5 ler Cent
Spanish Bonds, 3 per Cent
Spanish New Deferred, 3 per Coat..
Ditto for the Account
Spanish Committee Cert. of Coup. not fun sa P 0

Dividends on the above payable in London.
Dutch Exchange, 2 per Cent.
Ditto 4 per Cent. Certifieates ._ 97i i i
THREE O'CLOCK.
Consols
Ditto October Account .

MARKET NEWS-4T HIS DAY.)

CORN EXCHANGE.

We were scantily supplied with home-grown wheats
to-day. Although the amount of business doing was com-
paratively small, factors were firm in their demands, and
Monday's prices were supported.
From abroad, 12,990 quarters of wheat have come to
hand this week. There was a slight improvement in the
trade, at very full currencies.
Floating cargoes produced quite as much money as
last week.

There was a fair inquiry for barley-, but no change took
place in the quotations.
Malt changed hands steadily, at full prices.
Several large parcels of oats found buyers at full
quotations.
Beans, peas, and flour were tolerably firm.

ARRIVALS THIS WEEK.
I Barley. I MBA.
I, L9O

Oats. Flour.
50 1.020
900 --
9,180 --

WHITECHAP EL.
A moderate business was transacted to-day, as follows :
Beef from 3s 2d to 3s 10d ; mutton, 3s 8d to 4s 10d ; veal,
3s 4d to 4s 6d ; pork, 3s 6d to ass 8d per 81bs by the
carcase.

BOROUGH HOP.
A few new pockets from Kent have changed hands at
lli. per cwt. The duty is called 155,0001. to 160,0001. ; yet
the demand is steady, and prices are well supported.

CHRIST'S HOSPITAL.—On Wednesday, the 21st inst.,
being St. Matthew's day, the Lord Mayor, Aldermen,
Sheriffs, and Governors of the several royal hospitals,
are to attend divine service at Christ's Church, Newgate-
street, where a sermon is to be preached by the Rev.
George Buckle, M.A., late Fellow and Tutor of Oriel
College, Oxford. After which they are to repair to the
Great Hall in Christ's Hospital, where four orations are
to be delivered on the benefits of the royal hospitals by
four of the senior scholars, according to annual custom ;
in Latin by Henry Ludlow ; in English by John Wil-
berforce Doran ; in Greek by Henry Jevers ; and in
French by Claude Hubert Parez. Two odes will also be
recited, one in English on the " Last Days of King
Edward V 1.," by Charles William Paxton Watts, and
the other in Latin hexaMeters on "Liberia."
DEATH OF MR. O'CONNELL, OF GRENAH.—A French
country paper, the Impartial de Bretagne, announces
the sudden death, in the small town of Dinan, of Mr.
John O'Connell, late of Grenah, county Kerry, a brother
of the "Irish Liberator." The deceased was, during
his long career as a resident landlord on the margin of
Killarney's romantic waters, a model of old Irish hospi-
tality and public spirit, conciliatory and truly liberal, of
genuine independence, and universally popular. On
many national questions he took views at variance with
those of his late brother ; and not only thought, butts
acted, in politics for what he deemed the real interests
of Ireland.

ATE(.I,rII -1
a tt r
•

RUSSIA AND TURKEY.

REJECTION OF THE TURKISH MODIFI-

CATIONS.

The Prussian Minister at Paris, M. de Hatzfeld,
reeeived yesterday a telegraphic message from
Berlin, announcing that the Emperor of Russia
has rejected the modifications which were mad'
by the Porte to the Vienna note.

The news from Constantinople, Aug, 31, re-
ceived by electric telegraph, is as follows
" All regular communication with the Russian
ports is interrupted."
" The last mail steamer which went to Odessa
has not returned."

" The remainder of the Egyptian fleet has
arrived."

It is said that Omer Pasha addressed to the
Commander-in-Chief of the Russian army a letter,
stating that the Russian gun-boats approached too
near the fortifications on the right bank of the
Danube, and recommending that orders should be
given to prevent this, lest the Turks were com-
pelled to fire on them. Prince Gortschakoff wrote
en the back of the letter—" a des coups des canons
on reponda par des coups des canons. _

All- the merchants of Ibrail and Galatz are
ruined. In consequence of the news from England
in the early spring they had bought vast quantities
of the standing crops in the interior. Since there
are no vessels to ship off the corn which is daily
arriving, and no granaries in which to deposit it,
immense heaps are lying in the streets uncovered
and wasting.
The Russian forces in the Principalities and in
Bessarabia amount to 110,000 infantry, and
25,000 cavalry.
The Postampt Gazette of Frankfort has the fol-
lowing from Constantinople, 30th ult. :—" Omer
Pacha is placed in a very disagreeable position ;
his troops have declared to him that they wish to
come to blows with the Russians. He cannot op-
pose this feeling, and, on the other hand, he fears
that the enthusiasm of his soldiers will derange
existing diplomatic combinations. The position of
Redschid Pacha is not less unpleasant ; every day
hundred of persons assemble before his palace, and
exclaim that war is the only means of safety for
Turkey."
The same journal states from Brailow in Wal-
lachia, that the troops under General Luders which
hitherto had been stationary in Bessarabia, crossed
the Russian frontier into Moldavia on the 28th of
August. On that day one regiment marched in
and two more followed on the 29th, and entered
Brailow. Other troops are to follow.
It is stated that the navigation of the Sulina
mouth is getting more difficult from day to day.
The water is so low that sailing ships cannot pass
at all. The steamer which was to remove the sand
does not work ; it only pretends to work.
From Vienna we learn that the departure of the
Consuls of France and England from Jassy, had
produced great alarm throughout the whole of
Moldavia.

The Postampt Gazette of Frankfort states from
Vienna that the Emperor of Russia and the King
of Prussia will arrive at the camp of Olmutz on
the 21st inst.

M. Nogues, chief editor of the Journal de Con-
stantinople, has, says a letter from that capital, re-
ceived a warning from the Ottoman Porte not to
publish any articles hostile to Russia, on pain of
the suppression of the journal.
The Wanderer of Vienna, under date of Con-
stantinople 29th, says :—" A Greek society has re-
cently been formed in London, at the head of
which is Prince Mavrocodato. It is principally
composed of merchants. Its object is to raise the
necessary funds for forming a confederation of
Albanians and Bulgarians. It is easy to conceive
what the destination of this confederation is—it
certainly is not in favour of Turkey. This society
was discovered by a Turkish agent of police. We
do not yet know what measures the Ottoman Go-
vernment will adopt against this association, but it
may occasion great embarrassment to it, as the ma-
jority of the members are foreigners placed under
the protection of their consuls."
Almost all the English sailors who were suffer-
ing from fever, and who were sent to Malta to be
cured, have returned to the Bay of Besika. Their
health is completely restored.