The Sun.
London, England, 1838-11-21 00:00:00

TO THE EDITOR OF THE " MORNING CHRONICLE."

SlR,—Observing a statement in the City article of the
Morning Chronicle of this day, wherein allusion is made
to the frauds committed by our late. clerk, David Macnin,
we have to remark, that since the conduct of this indi-
vidual will, in all probability, be speedily brought before a
criminal court of justice, we think it would be wrong to
take any other notice of the said statement than, for our
own justification, to declare that the above-mentioned
David Macnin bad never any authority whatever to sign
the name of the firm to the Mexican bonds issued by the
house, and, consequently, the " information" on which the
writer of your City article bases his assertion is wholly un-
true and entirely destitute of foundation.

We are, Sir, your obedient servants,
26, Austin Friars, Nov. 20. F. DE LIZARDI and Co.\

TIMES.—The Funds remain quiet, with little doing.
Consols were 94* for Money and Account. The Govern-
ment broker took 7,0001. more Reduced, end these conti-
nued purchases have tended to support the market. Bank
Stock was 203* to 204* ; India Stock, 261 to 262 ; Ex-
chequer Bills, 675. to 695. premium.
The dealings in the foreign house were principally con-
fined to Spanish American securities, in which some im-
provement took place. Colombian advanced to 25* to 26 ;
Mexican, 23} to 24 ; Brazilian were 784- to 79 ; Spanish
Active, with the May Coupons, 17* to 4 ; Portuguese
Five per Cents, 31 to 4-, the Three per Cents., 20i to 4 ;
Dutch Two-and-a-Half per Cents., 54* to ; the Five
per Cents., 1001 to
A few New York Papers of the 26th ult. have reached
the city in the course of the afternoon. Much excitement
had been produced in the Money Market of that place by
the appearance of a Treasury circular, dated the 20th, noti-
fying the immediate payment of all outstanding Treasury
Bills dated on or before the 21st of May last. This is
designated by the opponents of the Government as a trick
to influence the elections in New York, and also' declared
to be tantamount to the establishment of a National Bank,
both of which constructions would appear to be dictated
rather by party spirit than by any sound and rational view
of the subject. It is stated that the Government has been
enabled to take this course in consequenceof having received
the amount by anticipation of the United States Bank
bonds, and not by any improvement in its general resources ;
but it is more probable that the resumption by most of the
Banks of payments in specie has put many of them into a
situation to discharge former obligations, and so placed the
Government in reality in a much better position, Some
further information than at present exists is obviously ne-
cessary before the measure can be properly understood.
The exchange on London had not varied, and United States
Bank shares were quoted at 120.

POST.--An express arrival at the North and South
American Coffee-house late this (Tuesday) evening has
brought intelligence from the United States to the 25th
ult., and from Canada to the 22d.

It appears by these accounts that Lord Durham had re-
solved upon coming directly home in the Inconstant frigate,
in consequence of an intimation from the United States
Government that on the borders of the Canadian frontiers
demonstrations of a determined system of hostility to the
British authorities had been manifested, which they con-
fessed they could not controul. It appears that this deter-
mination of his Lordship has been suddenly adopted.
Great efforts were making to strengthen our Canadian
frontiers, and troops had been sent for from the lower posts.
Mr. Levy Woodbury, the Secretary of the United States,
had given notica that the Treasury notes of the date of the
21st of May, 1838, would be redeemed on presentation, in
advance of the time fixed by the Act of Congress of the
12th of October, 1837.
The value of money has not materially altered. There
have been no important alterations in the rates of the Con-
tinental Exchanges, nor has there been much business.
The Public Securities of the United States, however, do
not maintain the repute which a short time since they had
acquired, and some anxiety has beer exhibited to get out
of them. _

With respect to the forgery upon the house of Lizardi
ind Co., in the new converted Mexican Bonds, it is stated
that they amount to 25,000/.

HERALD.—Late this afternoon most important ac-
counts were received here, through the private agency of
the North and South American Coffee House, from the
United States and Canada, by the Garrick, Liverpool line
of packet ship, bringing dates from New York to the 25th
ult. inclusive, and from Montreal to the 22d of the same
month. The Garrick had landed some passengers in Dun-
garvon Bay (between Cork and Wexford), who are the
channel of the present information, which states that
Lord Durham had resolved upon sailing from Quebec
direct for England on the Ist instant, in the Inconstant
frigate. This determination on the part of Lord Durham
appears to have arisen out of some concerted plan be-
tween his Lordship and Sir John Colborne in consequence
the hostile proceedings on the American frontier, of
which formal notice had been give.n by the United States
government.

The men-of-war in the St. Lawrence were sent to
Nova Scotia and New Brunswick for all the dispoaable
troops that could be spared, and the Volunteers were im-
mediately to be called out. This hasty information is said
to have arrived by the Hon. Constantine Dillon, who has
Inought despatches to Government.
The value of money, either for commercial purposes or
on the Stock Exchange to-day, has not altered since our
last remuks upon that subject. Much greater anxiety
bas prevailed to-day to get out of American bonds and
securities of all kinds, and we learn that bankers have re-
fused to advance more than one-third of their nominal
value. In the Continental Exchanges there has neither
been much business or alteration. On Paris they are
quoted at 25f. 70c. to 25f. 7.5 e. ; on Amsterdam at 12 41 ;
on Rotterdam at 12 41 a 12 4} ; and on Hamburg at
12 10 a 12 10i.
The forgery which has been affected upon the firm of
Lizardi and Co., in new converted Mexican Bonds, by a
person of the name of Macnin, is ascertained to be to the
amount of 25,0001. The party who thus has abused the
confidence of his employers is one who has not suddenly
.fillen from the high estate of integrity.