The Sun.
London, England, 1849-01-29 00:00:00

SPAIN.

-
Madrid journals of the 22d have arrived.
The Gaeta contains the following project of law
re-organiiig the Bank of San Fernando
PROJECT OF LAW.
"Art. 1. The Spanish Bank of San Fernando, estab-
li=hed in Madrid in virtue of the royal decree of Feb. 25,
1847, for the term of twenty-five years, shall be re-or-
ganised with the capital of 200,000,000 of rtals in hand
(epetivo), represent,cl by 100,000 transferable shares of
2,000 reals vellon etch.
" Art. 2. The bank shall have the extusire faculty of
issuing notes to an amount equal to one half of its paid
up capital. To issue a greater number of notes, a law
will be required. The notes shall be payable to bearer
and at sight, at the establishment in Madrid, and at those
which it may form i#the provinces.
"Art. 3. '1 he bank shall be obliged to keep constantly
inits treasury, and in specie and bullion, a third part at
least of the amount of the notes issued, in order that
it may at all times maintain with the other values an
effective guarantee superior to the amount of notes in
circulation.

pun"iAbhretd. 4a.ecTohrdeivn:uteo o:f,b
ecalcahws note shall not exceed 4,000
reals, nor' be less than 500. Their falsification shall be
" Art. 5. The bank shall be able to establish, with
Royal approbation, subaltern establishments iq okb,
towns of the kingiclm 0,6 it Loy think proper.

" Art. 6. There shall in future be but one sole bank of
issue and discount; the Bank of San Fernando will,
therefore, have to come to an accord with those of Ca'iiz
and Barcelona, in order to find means to realize the
union of the latter with the first, without the least in-
jury to their respective interests, and with the app:V:a-
tion of the Government. This object being obtained,
the banks of Cadiz and Barcelona shall act as discount
establishments of the Bank of San Fernando, and their
shareholders shell receive shares of that eztablishinent.

" Art. 7. The Bank shall hare a fund of reserve equi-
valent to 20 per cent. on its effective capital, or forty
millions of reals, formed of the net profits resulting
from its operations, deducting 6 per cent. for the pay-
ment of the annual interest of its capital. The profits
that may result after satisfying the expenses and inee-
rest shall be applied, one half to the shareholders, and
the other to the fund of reserve, until the latter reaches
forty millions, when the whole profits shall be divided
among the shareholders.
" Art. 8. The shareholders shall only answer for the
amcunt of their respective shams.
" Art. 9. Foreigners may be shareholders of the Bank,
and take part in all the operations of exchange and busi-
ness, but shall not obtain any charge in its governne-nt
and administration, un'e.is they should be domiciled in
the kingdom, and possess a letter of naturalization ac-
cording to the laws.
"Art. 10. The funds which exit in the bank belonging
to foreigurs shall not be suiel..et to reprisals in case of
war witty their respective power.
"Art. 11. A year before the expiration of the term of
twewy-five years conc..ded to the bank, the Government
may propose its continuation to the Cortes, if the general
assembly of shareholders should solicit it.
" Art. 12. In case the capital of the bank should be
reduced to one-half before the completio❑ of the twenty-
five years, the dissolution and liquidation of the company
shall immediately take place.
" Art. 13. Toe bank shall occupy itself in discounting,
drawing, lending, keeping current accounts, collecting
payments, receiving deposit:, contracting with the Go-
vernment and its deßiendencies competently authorised,
wish corporations and with individuals, without the es-
tabishment being ever uncovered.
" Art. 14. The bank shall not be able to make loans
upon its own shares, neither shall it deal.in the public
funds.

" Art. 15. The premium, the conditions and guaran-
tees of the operations expressed in Art. 13, shall be
fixed in each case by the bank conformably to what its
regulations provide. In loans on public stocks a reso-
lution shall be previously made, winch may fix the value
of the etieets on which the luaus have to be made. This
resolution shall be renewed every fifteen days.
"Art. 16. The Royal Council (better known as the
Council of State) stall take cognizance in future of all
the infractions of the laws and regulations that rule in
the hank.
" Art. 17. The Government shall cause the new sta-
tutes that are to rule at the bank to be formed with re-
ference to the preceding bests.
(Sivied) " ALEJA.NDRO MON.
" Madrid, Jan. 19, 1849."
The Clamor Publico says, that NARTAEZ has re-
solved to resign.
Nothing is known of the movements of CABRERA
since he entered the Sierra de Monserey.
The insurrection in Guipuscoa appears to be ga-
thering strength. ARRENDO is at Onate, organizing
his recruits ; and the detachments of EGANA, MAZo,
and LANUMBE have entered Guipuscoa from France.
AQUIRRA and LANZAN are also in that province.
From Navarre we learn that two companies of
the QUEEN'S troops, stationed at Ochagavia have re-
tired into Pampeluna, fearing an attack from the
Carlists. The Progressistas of Narvarre have also
risen, and it is said, that SALAMANCA has crossed the
frontier. The Progressista insurrection is also pro-
gressing in Huesca and Arragon.
The Carlists have defeated the QUEEN'S troops at
Espinal.
MADRID BOLSA, JAN. 22.—The Three per Cents.
closed on the 22d instant at 20 cash ; the Five per
Cents., at 9i cash ; Debt without interest, 3i7,- cash.
Coupons, 6 paper.

GERMANY

AND

THE NORTHERN STATES.

AUSTRIA.

A Vienna letter of the 20th inst. announces that
two police agents had notified to the editor of the
Vienna Gazette that the Ministry required him to
cease to conduct the journal. This was stated to have
been done ir. consequence of his having published an
objectionable article on the nobility in the non official
part of the paper.
It was stated at Vienna, on the 20th, that intelli-
gence had been received that the imperial troops had
occupied Schemnitz and Kremnitz.

Tfie Austrian Diet at Krenisier, in the sitting of
the 19th, adopted the clause in the Bill on funda-
mental rights, which guarantees indivi lual liberty,
declares that no citizen can be tried by other than his
natural judgks, and specifies the cases in which
arrests may Le effected without judicial warrants.
On the HU a man named DRESSLER was shot at
Presburg, in execution of the sentence of a court-
martial, ;or having spoken caluminously of the int-
house, and having excited to revolt against the
Government.