The Sun.
London, England, 1849-03-21 00:00:00

in the service of the country, and at the last moment,
nhen unfitted? 4',;r of t, diff,:r,nt
description from that in which their youth had
been occupied, the unfortunate veterans are
placed on the shelf, to make room for some
beardless boy who has aristocratic connexions, or
who can make interest from some other source
with the dispensers of patronage. The avenues
to promotion should not be altogether blocked up by
the wealthy and the highborn. Some allowance
should be made for the poor but meritorious officers
whose services form their only recommendations, who
have no Parliamentary influence to stimulate
"my Lords" to acts of justice. We cannot wonder
that despair should seize on those who see before
them no prospect of attaining higher rank in the
service, and that they should anxiously seek for em-
ployment in the Coast Guard, or in any other honest
occupation by which their miserable pittance of ss.
per diem, to be increased, perhaps, at the end of thirty
years, to 65., might be eked out and rendered suffi-
cient to support a family. We fear that
no adequate remedy can be applied until
the number of naval cadets be placed within stringent
limitations. If parties are encouraged to enter the
navy, they should receive fair encouragement,
and have reasonable prospects of promotion
if they deserve it by their services. From
the facilities that exist for lads obtain-
ing places on the quarter-deck : undue compe-
tition is excited, and all the good things naturally fall
to the lot of those who can bring the strongest influ-
ences, into operation. This should be amended, and,
as we have said, it can only be by limiting the num-
ber of naval cadets and promotions to the rank of
lieutenant. Some injustice may be inflicted by re-
fusing a lad who has served six years, his commis-
sion, but it will be infinitely less than subjecting him
to that " hope deferred which maketh the heart sick;"
for at an early age he may direct his attention
to other pursuits, for which he may be qualified; he
will not have grown grey in the service of his country
without reward or without hope.

NEWSPAPER STAMPING.—Since the recent consoli-
dation of the Excise and Stamp Board; a question
has arisen as to the expediency of removing the
stamping department for newspapers, bills, &c., from
Somerset house to the old Excise buildings in
Broad. street. The reason assigned is the want of
room. We believe a Committee of the Lords
of the Treasury is now sitting to decide on the mat-
ter. For our own parts we think it did not require
a moment's consideration on the subject, unless in-
deed the Committee wish to cause a world of trouble
to all parties interested in " letting well alone." The
proportion of newspapers west of Temple-bar is some-
where about 150 to 14 east of it. Certainly two
of the papers to the East are first class—the Times
and the Dispatch; but even to these influential jour-
nals the inconvenience of going to Broad-street,
through the very thick and heart of the City,
would be infinitely greater than coming to
Somerset House. Besides, the proportion of lawyers
and other people having dealings at the Stamp-
office, is as ten to one west of Temple-bar.
If 'more room is wanted at Somerset House
consequent on the recent alterations, let a
wing be built on that unsightly space in Lan-
caster-place, so long and so unprofitably vacant. This
would be rendering a public benefit, and be at the
same time ornamental to the neighbourhood, besides
finishing off the noble façade of what was once
Somerset Palace.

LLOYD'S SHIPPING.—(THIS DAY.)
light breeze, and dull weather.
LONDON, MARCH 21.—Wind this day at noon, S.S. W.,
YARMOUTH, MARCH 20.
The Friends, of hull, from
London to Cadiz, has come into the Roads leaky, having
struck on the Long Sand.
LOWESTOFT, MARCH 20.—The Glory, Hamburgh to
London, which was on shore on the Corton Sand, has
been got off to. day after discharging part of cargo, and
brought into this harbour leaky, and must discharge the
remainder.
DEAL, MARCH 20.—Wind E. to N.E.—Arrived from
the River and sailed, Saxon, Maclean, Port Philip;
Ametha, Robertson, Calcutta; Mary, Jarvis, Cape Coast
Castle; Palestine, Briar, Grenada; Catherine Greene,
Kennedy, St. Kitt's. Ann, Palmer, New York.;
LIVERPOOL, MARCH 20.—Wind E., variable.—Arrd.
19th, Nautilus, China; Cannata, Tilson, Calcutta; Bo-
nice, Killey, Pernambuco. 20th, Daniel Grant, Edie,
Adelaide, South Australia; Windsor Castle, Rogers,
Callao; Persian, Apalchicola. The Roe, hence to
Philadelphia, was spoken, 4th Feb., in lat. 27, lon. 65,
short of provisions, with part of cargo thrown over-
board, and apparently bearing up for Bermuda. 17th,
Ski. Queen of the Isles, Valparaiso. 20th, Ellen Jen-
kinson, Africa; Swallow, Vera Cruz; Ocean Queen,
Halifax. Off port, Loodianah, Calcutta; Troubadour.
DOVER, MARCH 20.—The Samuel, from Newcastle
to Ireland, is on shore at Dungeness.
SOUTHAMPTON, MARCH 20.—S1d. Indus (s.), Alex-
andria.
PLYMOUTH, MARCH 20.—Wind E.N.E.—SId. Sir E.
Parry, Adelaide, South Australia; H. M. S. Racer,
Westward. Off Plymouth, Kent, Caleutta.
FALMOUTH, MARCH, 19.—Arri. Neptune, Toosbury,
Templar, Marshal
S.E.—Arrd. G. F. D.,
Bahia, for Hamburgh; Lena, Plain, Pernambuco, fur
Marshal Buenos Ayres.
John Kallett, Turner, ditto;
—Std. Empire, Quebec.
LLAalmeCrkteße,lriltSYd'inadniMle;yll'A,lTlCCeuHaairlilptaiOus; ;Abbots Reading, Johnson, Islay ;
Xarifa, Randall, Barbadoes.
DUBLIN, MARCH 17.—Sid. Lydia, New York.
from Havannah for Cork, on the
4thTChDAeßeDcKeli:ni ae
urMAßCH,rsa'nsdaihi ealds9't not since been heard of.

MONEY and COMMERCIAL NEWS.
CITY, QT.7,1117 El: 70 71IREE.
The Cotton Market at Liverpool yesterday closed heavily.
Prices of American in some instances were *d. per lb.
lower. Other sorts remained unchanged. The sales were
estimated at 3,000 bales, and comprised 2,000 American at
4d. to 6d, 50 Pernam and Maranham at 4%d. to sd, and
100 Surat at 314 d. to 35/Bd. per lb.
The letters and papers by the Europa steamer have been
delivered this morning. We gave yesterday an analysis of
her intelligence as received by telegraph, and may now add
that the accounts are looked upon as favourable, and that an
active spring trade is expected. The following is information
connected with the money market, and dated from New
York :
"The demand for Foreign exchange by the steam-ship
Europa has been active, and transactions to some extent
have been made at our quotations. The supply of sterling
bills upon the market is large, but drawers of the best are
firm at our highest quotation.
" Domestic exchanges are quiet, and quotations remain
without any material alteration. The rates are in favour of
this city, on all points. IL:current money is plentier than
it has been for some time past, and more is offered for re-
demption. As soon as business becomes more active, the
brokers will have as much of this currency as they can carry.
Our quotations for specie remain about the same ; there is
very little movement going on in corn."
Relative to public securities, it is stated that " quotations
for these securities have improved several per cent. during
the past two weeks. The advance in Government Stocks has
been very moderate, compared with that realised in London,
and quotations in this market now range below those current
abroad at the latest advices. This margin will soon be co-
vered, and we have no doubt advices by the steamer, now
nearly due, will confirm this impression. The election of
General Taylor, and the character he enjoys for determina-
tion, and the principles he has avowed, have no doubt
tended as much as anything else to create confidence.
" The Assistant-Treasurer of New York received notice to-
day to pay over one million dollars in species, on account of
the Mexican indemnity. Most of this amount has been de-
posited in the Bank of Commerce, to the credit of the agent
of the Messrs. Barings, and will probably be remitted to
London by bills of exchange. This will create a demand for
bills, and improve the rates, but they now range so much
below par that there is no danger of any coin going forward.
It will be seen by the quotations for stocks current at the
second board, that the withdrawal of such a large amount of
specie from the sub-Treasury, had not the favourable effect
upon the market anticipated."
Much interest is attached to the Indian accounts, which
aie, on the whole, of a favourable character, the Punjaub
war having interfered less with business than might perhaps
have been expected.
In Java, up to the 28th January, business was dull, owing
partly to the Chinese new year. The Dutch and English
merchants had determined to limit the date of private bills to
six months' sight or eight months' date.
At Singapore, on the sth February, trade was compara-
tively dull, and from the same cause as at Java.
The Labuan accounts are to Jan. 30. The health of the
settlement bad then greatly improved. Captain Brooke was
appointed to act under the Governor as prime minister. The
Sultan of Sulu had received Sir James Brooke with much
hospitality.
In China affairs were rather unsettled, and the expendi-
ture of Hong-Kong was much complained of.
There are distressing accounts from New Zealand, dated
Nov. 17. From the :13th to the 24th of October repeated
and protracted shocks of earthquake were experienced,
which threw down several of the public buildings,
including the hospital, gaol, chapel, &c., and more
or less damaged nearly all the brick and stone buildings in
the place, the inhabitants were much terrified, but only one
or two cases are cited of loss of life, and there were active
exertions making to repair the mischief, no shocks having
been felt from Oct. 24 to Nov. 17.
Another well-known " City man" has departed this life,
Mr. Poynder, the strenuous advocate for the abolition of
idolatry in India.
The Funds are looking up again, the foreign news afford-
ing rather more encouragement, and a little money stock
having been bought. We shall have the Dee steamer here
shortly with over 3,000,000 dollars, and this will increase the
abundance of money. Consols are 91 to 14 for transfer, and
91 Vs to % for account. Exchequer-bills are 38s. to 41s.
premium. The Indian news has a good effect.
There has been another important movement in the foreign
market. Yesterday Buenos Ayres Stock was in favour, and
now Mexican have the lead again ' • the rise is 2to
21/2 per cent., viz., to 291/2 and 30%. The expecta-
tion is that there will be a large remittance.
Grenada Stock has been at 18, and Buenos Ayres at 37 to 40.
Dutch Two-and .a-Half per Cents. have been at 471,4 to 3%.
Spanish Three per Cents. have been 28%,
_and Portuguese
Four per Cents. 26%. Peruvian are 60.
Shares are looking rather better, but there is not much
doing.

ONE
PRI $, .71Tis,* •'.' DS. 0' 'LOCK
1 per Cent. Consols Annuities 914 91 91
India Bonds, 1,0004 . .. 51 50 p
I.lank Stock for Account, 1964 196
Consols for Account.. . 91% iiii A lit
it. xcliequer Bills. I%d. Se 2d.
1,0001. March
1,0001. June
500/. June
Small, March
Small, June
PRICES OF FOREIGN YUNDS

G
PRICES.
92%
Sop
196
91%