The Sun.
London, England, 1849-09-12 00:00:00

THE SUN, LONDON, WEDNESDAY EVENING,

silts to estimate the improvement that would take
place under a judicious management where the soil
would be brought to the highest degree of fertility
and all its natural capabilities fully developed. Some
of the cases of charitable trusts that from time to time
are brought before the Court of Chancery afford the
best illustration of the enormous increase of value of
these properties, the rentals at the present day
amounting to as many thousands as there were for-
merly tens of poundi sterling. It would manifestly
be contrary to public policy to bestow so vast a fortune
on a single individual. Mr. WAsoN therefore suggests
that the accumulated funds of each class should be
divided when so many lives had dropped off as would
leave the surviving parties entitled to estates of 1,0001.
per annum for every share of 100/. ; of 5001. per
annum for every half share ; of 2501. per annum
for every quarter-share, and 125/. per annum
for every eighth. There can be no doubt that
an undertaking affording such favourable promises as
a private speculation, exclusive of its vast public
advantages, will be eagerly sought after if
brought forward under the auspices of men
in whom implicit confidence could be reposed;
and we trust that Ministers and others, having the
welfare of the sister kingdom at heart, will not neg-
lect so valuable an opportunity of advancing the pros-
, perity of a country that has suffered 30 fearfully from
the oppression and misgovernment of past generations.

It was somewhat amusing to notice the difficulty
with which, at the recent Cutlers' Banquet at Shef-
field, political discussion was avoided. The fact that
the assembly was in no way a political one was, how-
ever, strongly impressed upon all who beheld the
Duke of NEWCASTLE, seated near Earl FITZWILLIAM,
receiving compliments from Mr. ROEBUCK ! The
latter, strange to say, was in a complimentary mood,
and commented on Lord FITZWILLIAM'S dexterity in
talking of politics, even while deprecating all allusion
to them, in very graceful and felicitous terms.
" There have been observations made by the Noble
Earl at this table with that dexterity which distin-
guished his artistic renown in the House of Lords—
touching without affecting, leading without seeming
to lead, directing instantaneously to the
point without
o s
incurring the responsibility of doing.sNoobleErl dropped
a Various
suggestions of mighty importthe
with a sort of nice saving, that allowed him almost to
touch the rock, and yet turn round and sail away on
another tack. I admired the dexterity ; I have wit-
nessed it,before." The raillery was certainly well-
deserved, for Earl FITZWILLIAM'S speech, with its
" I must not say this" and "I do not say that,"
while by inference he was all the time saying this
and that, and much more, was a compound of singu-
lar audacity. Yet, which of his hearers would have
wished it unsaid, and what stickler for the propriety
of " no-politics " at public dinners could blame such
political allusions as those scattered throughout Lord
FITZWILLIAM'S very admirable and eloquent dis-
course? When the Noble Earl declared that pro-
perty could not exist without industry, it might be
objected that he was only repeating a well-
known truism. It is, however, one of those
truisms which have need to be continually enforced,
and coming from the lips of a landlord and a peer it
carries double weight. " Industry," said Lord
FITZWILLIAM, " is that by which all the property of
this country has been created. I care not in whose
hands it may be, I care not whether it is in the
workshop of the manufacturer of this town, or whe-
ther it is in landed property, which is now enjoyed by
the descendant of some manufacturer. Tbis 'venture to
point out to you, and to those out of doors, that no pro-
perty can exist but through the medium of industry.',
It is not the industrious that require this information.
It is on the owners of property that the fact has
need to be impressed—they who, enjoying the fruits
of the industry of others, would withhold from those
others their due participation thereof, and " muzzle
the ox that treadeth out the corn." The days of class
legislation are now, happily, drawing to a close. The
overthrow of the corn-laws inflicted a blow upon the
whole system from which no effort can recover it.
Did some such reflection cross the mind of his Grace
of Newcastle while he listened to these radical senti-
ments of his brother Peer? If so, he wisely kept his
reflections to himself, and obtained the cordial compli-
ments of Mr. ROEBUCK. "I was delighted," said the new
Member for Sheffield, " with the suggestions of the
Noble Duke. Time teaches us many things; and there
are kind feelings raisedby time which I was delighted to
find had made their way on the present occasion. And,
finding myself here at a social board with the Noble
Duke, his most humble admirer on the present °coo-
:ion, I do admire the effect of time which has brought
us thus mutually here before you, a united body of
our countrymen. There is no victory but the victory
of truth. Time has taught it to us."
These public meetings, insignificant as some
may consider them, are most happily influential
in promoting feelings of mutual kindness and
cordiality among individuals of various political
parties and different stations. They give an
opportunity for the interchange of many sen-
timents and opinions which have no outlet in the
arena of St. Stephen's, and by promoting the " union"
of the various members of the commonwealth, they
serve in no inconsiderable degree to develop that
" strength" which is the basis of all popular power.

rHE FRENCH REPUBLIC.

The Paris papers of yesterday have arrived.
Wonderful to relate, M. DR FALLOUX is not only
still in the ➢Ministry, but contrary to the expectations
of all, has accorded words of unconditional commen-
dation to the memorable " letter" of the PRESIDENT.

A decree of LOUIS NAPOLEON, published iTthE;
Moniteur, re-instates M. DE FALLotix, in his func-
tions a. Minister of Public Instruction, his duties
having during his recent absence in the country
been performed ad interim by M. Layton;mg.
According to the Dix Decembre M. DE FALLoux
approved of the letter of the PRESIDENT of the Re-
public in the warmest and most explicit terms when
it was submitted to the Council, and that he even
said, " I would sign such a letter with both hands."
Meanwhile General ROSTOLAN has positively
recalled from the chief command at Rome, the order
for his recall having left Paris on Monday. been
The Presse states that, curiously enough, General
RosToraN, himself ignorant that he was about to be
recalled, had sent in his resignation.
During the recent visit of the PRESIDENT along the
Lyons Railway he wore the uniform of a General of
the National Guard. He was accompanied by the
Marquis of DOUGLAS. The following anecdote of his
journey, showing the enthusiasm of his reception by
the multitude, will prove interesting
At Fontainebleau a vast crowd was assembled,
who shouted again and again "Vive Napoleon I" The
PRESIDENT of the Republic passed the National
Guards (about 6,000 in number) and troops in re-
view ; among the latter was a magnificent regiment
of carbineers, which excited universal ad-
miration. The shouts of "Vive Napoleon
Vive le President!" were even more numerous
and enthusiastic than at Melun. One fellow in the
crowd took on himself to bellow " Vive la Constitu-
tion ! A bas Napoleon I" but a carbineer soon
silenced him by a heavy blow on the face from his
clenched fist, and the people falling on him nearly
tore him to pieces.
General OUDINOT yesterday paid a visit to the
Minister of War, after having been received at an
earlier hour by the PRESIDENT of the Republic.
On the occasion of the review held by the PRESI-
DENT of the Republic on Monday morning in the
Champ de Mars, he was accompanied by the Marquis
of DOUGLAS, General CHANGARNIER, and a number
of other general officers. His arrival on the ground
was hailed with loud acclamations from the troops.
Before the filing off took place, the colonels
of the different regiments were called toge-
ther and complimented on the excellent appear-
ance of their men, and at the same time received the
thanks of the PRESIDENT for the zeal and devoted-
ness they had shown in maintaining the discipline of
their respective corps in the midst of the serious
events through which they have had to pass. As the
different regiments passed by the PRESIDENT, cries of
" Vive Louis Napoleon ! Vive le President de la
Republique !" resounded from all the ranks.
Before the announcement in the Moniteur of yes-
terday of the resumption of his ministerial functions
by M. DE Far..Loux, there was a rumour abroad that
M. VICTOR Huoo would be appointed Minister of
bAl‘,lynilislnttthri
hsuetececstreiiroocntu., and that General BEDEAU would be
reportsinNNs circumstance
arecine the
alluded
uerdooeuodmr
course
eoo,
dissipated
showingG en ral
tbßhyua
tr.t
this
ir
there
is nn
timE
is
no immediate split in the Cabinet.
The Constitutionnel has at length spoken out
upon the subject of the " letter" written
by the PRESIDENT. One or twosentences, as convey
ing the opinions of M. TRIERS, we may briefly trans-
late..
After remarking upon those among the
opposition who are disposed to draw the most
extraordinary conclusions from this memorable
document, the Constitutionnel remarks :—" The jour-

nals evidently exaggerate the complication which,
in their opinion, it is calculated to produce. They
triumph too much and too loudly, and upon what
forsooth ? Why upon the embarrassment of France.
Truly this is very honourable for their patriotism.
. . . One tells us that this document re-
veals to us the reactionary intentions of
the Roman expedition ; another tells us that
this new act changes the policy of France ; that it
substitutes a liberal policy for that reactionary policy
which until now has been followed in regard to the
affairs of Italy—two statements, which are glaringly
contradictory, and of which the one is not more true
than the other. What, then, is this reactionary
thought which has at last been allowed inadvertently
to escape, after having remained so long concealed ?
It is that the expedition to Rume had for an object
the re-establishment of the POPE. What 1 it
is that of which you were ignorant? Se-
riously, is there a man of any intelli-
gence who has doubted it for one instant ? The
explanations given from the tribune have not; it is
true, been sufficiently clear, sufficiently categorical
upon this point. But the fact has been nevertheless
sufficiently understood and recognised by the whole
world—because it was the only and the inevitable
solution M ODILON BARROT succinctly
declared from the tribune that what we went to seek
in Italy were the guarantees of our influence, the
guarantees of true liberty. 'Of liberty, honest and
moderate !' ironically exclaimed a Member of
the Mountain. Precisely ! of honest and
moderate liberty—a liberty which should exclude a
Mazzinian republic a liberty which should also
exclude clerical tyranny—at the same time admitting
the restoration of the greatest reformer of all the
Holy Pontiffs." After a further examination and
explication of the subject, the writer concludes thus:—
" No! the policy of France in this matter is not changed.
The only difference is that that is now said aloud which
has hitherto been uttered rather in a subdued voice.
This publicity, to which you yourselves have con-
strained the Government by your attacks, is perhaps
a new difficulty ? Exult, therefore, in the obstacles
which you have opposed to the liberal influence of
your country I There is one lesson which the Oppo
sition should draw from recent events, if they pos-
sessed a particle of patriotism ; it is that unceasingly
to calumniate a Government which negotiates is often
nothing less than forcing it to justify itself, and by so
doing to add another difficulty to the success
which might prove honourable to the country and
serviceable to the cause of liberty."
This is altogether the most remarkable vindication
of the letter, and indeed of the entire policy of the
PRESIDENT and of his Government, that has yet ap-
peared. In it M. Tunas has done yeoman's service
to LOUIS NAPOLEON.

The National of Monday contains a violent attack
upon M. DE LAMARTJNE, an attack at once bitter and
sarcastic. It terminates in this mournful and re-
proachful language :—" 0 Counsellor of the People,
what would we not give that you might
have remained itslfriend ! 0 you! great orator
of the just passions and of the noble aspirations of
democracy, what have you done with that heart
which once throbbed in unison with our own ?"

•
Bsxio, whose wound, received in the affair of
June, 1848, has recently re-opened, has just left
Paris for the baths of the Pyrenees.
A funeral service will be performed on Wednes-
day in the Church St. Louis, for the repose of am
soul of the late King CHARLES ALBERT.
The Five per Cents. closed yesterday on the Paris
Bourse at 88f. 25e.; the Three per Cents. at 55f. 60c.;
Orleans Railroad Shares, 770 f.; Rouen, 535 f.; Avignon,
223 f. 75c. ; Basle, 105 f. ; Vierzon, 315 f.; Bordeaux,
406 f. 25c.; Great Northern, 440 f.; Strasburg, 357 f. 50c.;
Tours and Nantes, 3031. 75c.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, Sara. 11.
Anglo Italian (late Italian and Austrian), % Bou-
logne and Amiens, 614—Great Indian Peninsula, 534—Namur
and Liege, 5 ,/g —Northern of France, 2% dis.— Orleans and
Bourdeaux, 3%—Tournay, Jurbise, Landen, and Hasslett, 12.

1 union of the Three Kings, and sent its justification to
1 Berlin on the 7th inst.

BAVARIA.

Their MAJESTIES were expected at Munich on the
6th from Hohenschwangen, to receive the King and
Queen of GREECE, who were to arrive there about
that period.
The Crown Prince of SWEDEN and his Consort re-
turned to Stutgardt on the 4th from Russia.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The sales of Cotton at Liverpool yesterday were esti-
mated at 5,000 bales; and included 4,000 American,
500 Pernam and Maranham at sid. to sid., 300 Surat
at 4d. to 4Ad, and 40 Sea Islands at Ild. to Is. Id. per
lb. The market closed heavily. Prices of all kinds are
at Friday's rates, except Americans, which were a shade
in favour of buyers.—The Railway Share market opened
at an improvement, but again gave way and closed
weak.
In the Corn Market there is no alteration, the trade
being dull. The arrivals are 4,120 quarters of foreign
Wheat and 15,010 of Oats.
The Hibernia steamer is not yet announced, but the
easterly winds would necessarily retard her in some
measure, and she is not properly due until to-day. It
is presumed that we shall have sumething later from
Mexico by this opportunity.
Accounts from Belgium state that a postal convention
had been concluded between that country and Spain.
The franking system would be done away with, and
newspapers, price currents, &c., would have to be paid
for in advance. Letters weighing 7k Belgian grains or
Spanish ounce will pay 4 reaux in Spain, and 1 franc
in Belgium. The treaty is made for six years, renew-
able at the end of that period for four years more, if
desired.
The Amsterdam Stock market was quiet yesterday
for the home securities, the Dutch Two-and a- Half per
Cents. being 54 one-sixteenth. The shares of the So-
ciitb de Commerce had been in demand at a rise of 3
per cent., owing to the ratification by the States General
of the contract between that company
_and the Go-
vernment. At Vienna on the 7th inst. the Metallics
were 78}.
From all quarters hitherto, the accounts respecting
the grain crops have been satisfactory, and it is to be
hoped that they will be secured ere the weather becomes
unsettled, and of which there is now some appearance.
The northern districts are those for which we have
alone to fear, since there is no corn out in the
south; but it is estimated on good authority,
that three-fourths of the harvest in England had been
secured before the close of last week, and therefore, the
whole, probably, will be in by Saturday next.
The business done yesterday afternoon in Bills of
Exchange was at rather lower rates on Paris and Trieste,
but higher on Hamburgh, Amsterdam, and Frankfort.
We have been officially informed that the Committee
of Spanish American Bondholders will meet on Friday
next, to consider the notification in regard to the Mexican
Agency.
the English Stock Market has been tolerably
firm to-day, but the dealings have been of no im-
portance. Consols have brought 92k k for Transfer,
being now 92k , and 92k 1 for Account.
The New Three. and-a-Quarter per Cents. have
been at 93i to 94*, and the Three per Cents. at 92i to
924. Bank Stock has been dull at 199. and India Stock
steady at 254. Exchequer-bills have been lower again,
viz., 355. to 375. premium, and the greater demand for
money is well illustrated by this.
In Foreign Securities the change is but trivial.
Mexican Bonds have been 274 to 28; Equador, 31;
and Chilian, 97 to 98. Spanish Three per Cents. are
nominally 34 to 35; and Portuguese Four per Cents.,
28} to 29. Russian Bonds have been done at 108, and
since at 1061. Dutch Two-and-a-Half. per Cents. have
been 53i to 541.
Railway Shares have been worse again, and have
given way in price. Eastern Counties have been 71 i;
Caledonian, 174 to 18k; and Great Western, 661 to 651.
Others in proportion.
BRITISH FUNDS THIS DAY AT ONE O'CLOCE.
(From the Official List.)
Bank Stock 199
3 per Cent. Reduced Annuities
3 per Cent. Consols Anna
New 3% per Cent. Anna. 94 94% 93%
Long Annuities, Exp. Jan. sth, 1860 B% 8 5-10
India Stock 254
Do. Bonds, 10001 7l p
Ditto under 1.000/
Consols for Account, 0ct.17 ..
Exchequer Bills. I%d. 2d.
March. June.
1,000/. ... B5 37 p
Small 36 38 p
;-.1tICI• OF FOREIGN FUNDS AT ONE O'CLOCK.
Chilian Bonds, 6 per Cent 97 93
Equador Bonds ••• 3%
Mexican Bones, 1846, 5 per Cent., Coupons
Ditto Ex Coupons
Russian Bonds, 1822, 5 per Cent lOB 106%
Spanish Bonds, 5 per Cent,lB4o
Ditto ...................1x49 10%
Venezuela Bonds
Do. Deferred
Dividends on the above payable in London.
8:•-lIN 1)0Nh IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. PYA SHAWL.
erdeen
Ditto, Preference
rn her., Notting., Boston, &c. 6
',yrshire and Galloway
',.lfast and County Down .. 26% to
3erks and Hants Extension
(Gt. West. Ferpet. 5 per ct.) 6
iriningham & Oxford J umt.,
calls duly pd, or with guar. 20
Do., without a guarantee... 20 ...
qrrningham, Wol.ak. Dudley,
calls duly pd, or with guar. 10 ... .
Do., without a guarantee... 10
Binning., & Stour Val. to
.tirkenhead, Lancashire, and
Cheshire Junction 2O
soston, Stara, & Birming...7l. 4s. —
,cristol sad Exeter
Do., Third.
iuckinghainshire 17% 15% to
a ledonian
Ditto, Quarter Shares —
bitto, New 10/. Preference 10 la% to
Ditto. Clydesdale Junction 50
'heater and Holyhead 5O .....
Ditto, Preference
larence.

...
Do., let Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Jirect London & Portsmouth 514 — to
Dublin and Belfast Junction.. 40 -
Dundalk and Enniskillen ... 27%......
':ast Anglia, 25/. L. & E.,
auci L. & D .. 25 ...... .....to—
Ditto, 18/. E. & H lB ... .. to
Ditto, 31. 10s., E. & H... 314 —
Eastern Counties
Do. New Guarant. 6 per Ct. 10
Do. Exten., 5 per ct. No. 1, 6/.135. 4d .. %pto
Do., d 0....... ......... N 0.2,61. 13s. 4d...
Do., Northern & Eastern... 50
Do., 5 per cent.
Do., Quarters.... .. ..... . ..... 12%... ..
Ditto, New ..... ..... . 43 . .... ...... to
Eastern Union, Clam A (late
E. U. Shares) ...... .:. .. 25
Ditto, ditto, Class A, ditto 314 .
Ditto, do, Class B (I. & B) 25
Ditto, do, Class C, ditto... 22% — to
Ditto Scrip (gua. 6 per ct.) 20
East Lancashire ...
Ditto, New .. ........... .... . 25
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares
East Lincolnshire ......... ...... 25
dinburgh and Glasgow
Ditto, Halt Shares
dinburgh and Northern ... 25 ......
Ditto, New port l5
Exeter, Yeovil, & Dorchester 2% —
Exeter and Exm0uth........ 211.
Glasg., Dumfries, & Carlisle-8/. 68.8 d — ..... to
;lasgow, Kilmarnock, & Ayr 50
Do. Preference Consolidated —.— — - ... to
Great Northern 2O
Do. 1,4 A Deferred ..... ... 121,!11 —
Do. % B 6 per Cent.
Do., 5 per Cent. Pref....... 71/2
.t. South. & West. (Ireland) 471/11 — to
Ireat North of England 100 ...... ..... to
Ditto, New 404.... ..... .. 4O
Ditto, ditto ....
Ditto, Now 30/.
Ditto, New 15/......... ...... 13 ...... .
=mat Western 100
Ditto, Half Shares
Ditto, Quarter Shares
Ditto, Fifths
Do. New 171
rlull and Selby 5O
Ditto, Half Shares .. ...... 25
Ditto,Quarter Shares 12% —
.ancaster and Carlisle.... ... 50
Do., Thirds
ancashire and Yorkshire ...100 ..... ...... to
Ditto, ditto, M. B. & B ... 96
Ditto, ditto
Ditto Half Shares .. - 46
Ditto Quarters
Ditto Fifths lO
Ditto. Thirds l5 . ..... —. .. to
Do., New Guar. 6 per cent. 10 .
Do. Liverpool aad Bury... 46
Do. (Hudders. and Sheff.) 50
Do., West Riding Union... 9 ....
Do., Preston and Wyre ... 25 ......
Do., do., Half Shares (A) 10 — . ..... to
Leeds and,Bradtord 5O ..... 98 ...... to
Leeds and Thirsk ...-...
Do., New
Do.,do.,Prefer., 6 per Cent. 5 . .... to —,
Do. Pref. (Nadel?, 1848... 9
Liverpool. Crosby, andSouth-
port lO
London & Blackwell .... ..... 121/a
Lond., Bright..& South Coast 100
Do., Now 51., gua. 6 pr Ct.loo
Do. Guaranteed 5 per Cent. 9
De. Preferential, 5 per Ct., 50 ......
Ditto, ditto 1852 50 .....
London and Greenwich... 12/.155. 4d...
Ditto Preference 2O

London & North Western.....100
Do. New Quarters..
Do. Fifths 7 .....
Do. 40g. Sharea.....L. & M 35 ......
Do. 101.... M. and B. (C.) 1
London and S. Western...—. 50
Ditto, New 504....... .. ..... 4214......
Ditto, New 40/.
Ditto, Thirds l6/. 133.4 d — dis.... to
Do., New Scrip, 1848, Pref.
7 per Ct. on Deposit and
5 per Ct on Calls ... ... 5 .
Londonderry and Coleraine... 25
Do. Half Shares
Londonderry and Enniskillen 25
Do., Half Shares ... 5 ...... ...... to
fitanch, Buxton, & Matlock 5
Manchr, Sheffield, and Linc.100
Ditto 4 Shares (No. 1) ... 23 ......
Ditto, ditto (No. 2)
Ditto, 14 Shares (No. 3)... 12% — to
Do., New 10/. Preference.. 10 ..... 10% to
Ditto, Grimsby & Sheffield 50
Ditto, ditto.
Ditto, ditto ...
Ditto Sheffield and Linc. 2214 —
Ditto, Grimsby Dock 25 — to
Ditto, Man. & Lin.. Union 4/. 25. ...
51id1and.......•• .... ...... .. ...WO .. ... 56% to 55%
Ditto, Como'. Preference...loo