The Sun.
London, England, 1849-08-29 00:00:00

Clitnina AM•

f

ceived that masterly plan of the campaign which
opened so auspiciously, and terminated so suddenly
and deplorably. Under DEMBINSKI were those
generals and their followers whose names were all eady
covered with an enduring celebrity—there was a
division under BEM in the east, a division under
GEORGEY in the north, a division under GUYON in
the south, and another division in the west under the
orders of KLAPIA and Aumcs. The central army
changed its position, of course, with the head-
quarters of DEMBINSKI ; and from those head-
quarters emanated, in unison with the policy
of KOSSUTH and bis Government, the commands
which regulated the manoeuvres and directed the
combinations of the campaign. So long as those
commands were followed with implicit obedience, so
long were the Magyar councils prosperous and the
Magyar soldiers victorious. Assailed simultaneously
by two gigantic empires, the defenders of Hungary, at
first surrounded, in turn surrounded their assailants.
Absolutism was completely checkmated. Comorn
still held out; Peterwardein was relieved;
Raab was captured, and the conquerors
pressed forward even to the suburbs of Presburg.
In a preliminary conflict among the mountains of
Transylvania, BEM hail discomfited the corps led
on by LUDERS. In the vicinity of the Donavitza
GUYON had broken the courage and avenged the
cruelties of the Croats under JELLACHICH.
Along the banks of the Neytra and the
Rabnit z, the troops under KLAPKA and
A ULICH advanced with such undeviating
success that the evidences of panic were already
visible in the environs of Vienna. HAYNAU mean-
while, having marched southwards apparently for
the purpose of carrying assistance to the
BAN, completed his arrangements and prepared
to try the strength of his arms against
the " insurgents" under DEMBINSKI. Then it was
that while BEM hastened from Transylvania to
strengthen the forces under the Commander-in-Chief
of the Hungarians, General ARTHUR GEORGEY, I
(whose first duty it had been from the very outset of
the campaign to unite his soldiers with the soldiers
of DEiuntNsiu) did not effect that junction, that junc-
tion which was, under the circumstances, then im-
peratively necessary, but, instead of so doing, ob-.
tained a reversion of the supreme power to himself
I from the hands of KOBSUTLI, and inaugurated his
accession to the Dictatorship by an uncon-
ditional surrender to Prince PASK E WIT Cu.
Those are the facts as far as they have yet transpired,
and upon them history will ultimately pronounce her
irrevocable judgment. We pray GOD that no testi-
I monies of treason so black and horrible as those
which are surmised may be brought home
to the youthful hero, the originator of
this capitulation. For we remember that
while GEORGEY has laid down his arms at the foot-
stool of the AUTOCRAT, BEM has remained faithful to
the cause for which he has a hundred times jeopardized
his existence. And BEM is a Pole, and GEORGEY is a
Hungarian ! Our whole soul revolts so utterly from
the mere supposition of such stupendous
treason, that while we bow to the conviction that
such a heart as that of NELSON would have broken
rather than yield when at the head of 40,000 fighting
men, we shall shut our eyes to suspicion, and
honour GEORGEY the Brave, until proofs of his guilt
arise such as are altogether incontrovertible. Until
indisputable facts shall demonstrate to the contrary,
we shall regard Hungary as the victim of misfor-
tune rather than the holocaust of treachery.

again trusted him they should look to him alone for
payment." And yet, despite this salutary warning
the unfortunate young man was again involved to
the extent of 9001. sterling, 650/. of which was due

'LONDON, WEDNESDAY, AUGUST 29, 1849.

O Hungary, how art thou fallen! Such at least
might be our justifiable exclamation—speaking in the
pathetic and reproachful language applied to the
loftiest of the archangels—in the first flush of the
disastrous intelligence received from the heroic
country irrigated by the waters of the Waag, the
Drave, and the Danube. Our profound dejection at
the calamities which have succeeded the glorious
achievements of the Magyars—and succeeded them,
too, with such appalling rapidity—must not, how-
ever, be permitted to cloud our judgment with the
darkness of indignation. We must estimate at their
due importance the perils by which the Generals of the
armies of liberation were surrounded—the extremities
to which they were driven—the losses to which they
wet'
the more imminent, and that thof.c losses were the
more frightful, in proportion as the bravery of the
Hungarians extorted from the AUTOCRAT the evidence
of his fury, of his cruelty, and of his ambition. For
ourselves, it is consolatory to bear in recollection that
from the very commencement of this atrocious war
upon the rights and independence of the Hungarians
we have protested against the apathy of our own Go-
vernment, while we have exulted in that magnificent
di'play of valour, civism, and unanimity, which
enabled those Hungarians to rout the veteran legions
of Austria, and to drive them beyond the frontiers of
their fatherland with every circumstance of ignominy
and confusion. Yes ! if we are overwhelmed with
sorrow at the events which have recently transpired,
we can revert without any sentiments of remorse to
all the preceding occurrences. We can remember,
with pardonable satisfaction, how we remained almost
isolw ed in our appreciation of the noble qualities
which characterised the Provisional Government at
Debreczin, wh-m those patriotic statesmen were else-
where assailed by every ribald vituperation, by every
anonymous slander, and by every dark and damna-
tory aspersion. At the eleventh hour the genius and
the disinterestedness of those illustrious chieftains are
recognised—and not only recognised, but absolutely
eulogised—by the lips of their assailants and by the
pens of their calumniators. Even the panegyrists of
the monster 11A.TICkU and of the execrable PASKE'
'WITCH have been forced to bow the head in homage
to those deeds of heroism and those revelations of
generalship which they themselves have acknowledged
to be without a parallel. If the annalist, sympa-
thising with that holy cause with which the name
of the immoral KOSITTII has become for
ever identified—if the annalist, in recording
the details of the recent capitulation has reason to
weep for the des:ructioa of the golden hopes of four-
teen millions—he has also cause for unutterable ex-
ultation in narrating the memorable and sublime
antecedents of that dismal and abrupt downfal. He
will recount, for the admiration of posterity, the
grandeur of that simultaneous movement of the Mag-
yars which led to the degradation of the bombardier
of Vienna, and, subsequently, to that of his vaunted
successor, and which ultimately conduced to the
expulsion of the legions of despotism beyond the
limits of a violated dominion. It will be
declared in history that the first campaign of
BEM in Transylvania was only comparable to the
finest achievements of MONTECUCULI. It will be said,
and said with truth, that the defence of Comorn in
its prolonged success—that success being the more
remarkable from the contiguity of the fortress to the
Austrian capital, and from the numerical preponder-
ance of the German artillery—is more worthy of
consideration and astonishment than the renowned
defence of Saragossa. Atter many years have elapsed
the peasants of Hungary will narrate to their children
how the savage horsemen of JELLACBICH were all but
annihilated by the followers of Guvoer, when the
English captain, on the borders of Sclavonia, crossed
swords with the BAN of the Croatians. Poets will
sing of the military skill of DEMBINSKI, of the daring
of KLAPKA, of the resolution of AuLica, of the assi-
duous devotion of BATH/ANY, and of the glorious
incorruptibility of KOS3UTH, as long as there is a
heart to feel, or a brain to think, within the circum-
ference of Hungary. And in after generations, the
demagogues wilistrive to rouse the dormant patriotism
ofthe Magyars by a reference to the glory won by their
ancestors, in the great wars of forty-eight and forty-
nine. Yea ! and the memory of those great men who
are row overwhelmed by their misfortunes will be a
nobler security for the nationality of the Hungarians
than ever were to the Gre.ks and the Romans the
ancyla of the Capitol or the palladium of the Acro-

to the very persons whose former demands bad been
liquidated. The creditors too, exhibited a greater
degree of modesty than on former occasions.

There was an - unwillingnes to come pro-
minently forward to complain of the insol-
vent for yielding to the temptations by which
he had been surrounded, or to attempt a

justification of the system. Four only had the
hardihood to oppose the discharge. The literary
proprietor of " the ruination shop" was absent. Indeed
we know not whether be figured among the creditors,

although the list could scarcely he complete without
the name of the liberal and obliging Mr. THOMAS
RANDALL, who placed implicit confidence "in the
honour of that portion of the chivalry of England,
who pass for purposes of education the period between
raw (yes, very raw,) youth and matured manhood in
the University ;" who never refused "whatever might
be necessary for a gentleman," and who, according to
his own statement, did not set himself up for that
rara avis in ,terris, a commercial angel
without wings, selling no more to his customers
than he could possible avoid, by persuading them
that they might possibly wear their dirty gloves a
little longer, give their old hats a temporary gloss by
the application of a damp brush, or trim the edges of
their worn out shirt-collars, to prevent the rags show-
ing, and avert thus, for a time, the necessity of a new
" set." We therefore incline to the supposition, that the
name of the insolvent must have been recorded in the
trade ledger of Mr. RANDALL, but that the latter
person entertained a wholesome dislike of " the at-
mosphereo of the Insolventearoed Gentleman ooureoaao m
t."Th(er. J. B.
p
admirabledeicnisio ofthe L
C)
who presided on the occasion merits
the most unqualified approbation. It is deserving of
the highest praise, not only as being in strict accord-
ance with 'both the letter and the spirit of the law
which Mr. PARRY was called upon to administer
but as inflicting " a heavy blow and great discourage-
ment" upon the pernicious system which it is so
desirable to check by any lawful means.
It appears from the proceedings, that the insolvent
had entered thelUniversity in the year 1842, and
that he received the usual allowance of 2501. per
annum until he attained his full age of 21 years. His
father, who had twelve children, had paid his debts in
1847, about which time he had obtained his degree as
a Bachelor of Arts. His debts at present amounted
to 9201., the debts contracted in Oxford being 650/.
and those out of Oxford being 2'7'o/. Among the
former there were—for hire of horses, dogs, 'and
saddler's bills, 1991. 16s. 4d.; for tavern bills, 05/.
11s. 11d.; cigars and billiards, 119/. ss. 104.; con-
fectionary, jewellery, pictures, and fancy articles,
1631. 14s. ld. ; tailor and hatters, 2261. 13s. Od. ;
money borrowed, 88/. 17s. ; furniture 51. 1:0s.;
and books, 81. the food for the Mind
bearing about the same proportion to the
hire of horses and dogs, to saddlers, and tavern
bills, to bills for cigars, billiards, confection'ary,
jewellery, pictures, and fancy articles, that FALSTAXeS
halfpennyworth of bread did to his account for spck.
The above list affords some slight illustration of the
pursuits most in favour at the ancient seats of learn-
ing, and the nature of the "necessaries" furnished to
the students who, teste Mr. THOMAS RANDALL, "in a
large proportion of cases have their bills paid after
they leave the University instead of the money pass •
ing through their hands, having only a certain 13urn
allowed for necessary purposes." It must be a great
consolation to the father of twelve children, who had
restricted his own expenditure and curtailed the
wants of the remainder of his numerous offsprin4., to
be enabled to afford a favourite son the adTan-
tages of a University education, to think
that the " hope of the family," in place
of wasting his time over musty folios, has been re-
creating himself with horses and dogs ; that he ,had
enjoyed "the fragrance.of a mild Havanna,". "taken
his ease in his inn," solaced himself with hot break-
fasts, exhibited his taste in jewellery, pictures, and
fancy articles, and become a proficient in the use of
the "cue"—an adept in the noble science of billiards.
Above all, it must be satisfactory to the parent's heart
to know that his child cannot be inconvenienced by
any temporary want of cash ; that although a loan of
money may be hard to be obtained, there can be no dif-
iJe Vern 1
gold watches in a few months clearly come under the
head of necessaries, and they can easily be converted
into cash through the obliging aid of " ?urbrick," the
‘‘ boots " at the Star. Seriously speaking,
what father can subject his child to so fearful an
ordeal unless possessed of means that will enable him
to sacrifice a " loose thousand" when his son has
concluded his course, and also contented to see him a
slave to a variety of idle, expensive, and mischievous
habits, that must materially prejudice his future
prospects. We again emphatically caution the
University authorities to adopt the measures necessary
to abate the nuisance, or they will too late learn that
they themselves will eventually become the sufferers.

A number of individual deaths by violent means is
just now, very naturally, occupying general attention
and exciting general horror ; and at the same time
the Peace Society is endeavouring to preserve life by
putting an end to the system of war. Simultaneously
with the existence of these various feelings, having
for their object the preservation of human life, an
enemy more destructive than murder and more im-
placable than war is daily sweeping away tens and
hundreds of our countrymen. Much has been said
about the cholera ; we are aware it has excited in
some instances unnecessary apprehension, and in
many exaggerated alarm ; still, whatever may have
been said, not sufficient has been done to impede the
progress of the pestilence and to prevent its future
recurrence. A murder is committed, and imme-
diately every circumstance connected with it is inves-
-1"-0,61 fig, rife event subjected to a terrible
punis men , c le 3 z •„, t • .1
calamities. Many of the deaths which appear &car
of mortality as cholera are, in fact, legalised murders,
which in all human probability might have been pre-
vented by ordinary precautions. Not only, however,
were such precautions omitted in past cases, but
there seems little hope of improvement for the future.
A striking instance of this criminal neglect is fur-
nished by the recent deaths in the Wandsworth-road.
At the inquest held on the Rev. Mr. HARRISON, one
of the late inhabitants of that locality, whose house
had been fearfully visited by the pestilence, the jury
returned as their verdict—
., That the deceased died of Asiatic cholera, and that
the disease broke out only in one place where the drain.
age was very defective; also that a large quantity of filth
was allowed to accumuate at one or more of the houses;
also that the tanks and the water in them were impure
from their close proximity to the cesspools; and the jury
e uld not separate without expressing a hope that the
owners of the property would take immediate and effec-
tive means, by improved drainage and a different supply
of water, to prevent for the future, as far as human
means can go, the recurrence of so terrible a calamity."
Samples of the water found in the tanks of these
houses were produced at the inquest. It was said
that in some of the tanks there was a sediment seven
or eight inches deep, and the assistant-surveyor of the
Commissioners of Sewers said he considered that,
from some overflowing of the sewer or from bad
drainage, the soil had got into the well from which
the houses were supplied. Thus, the unfortunate
victims of the so-called pestilence have been literally
drinking poison! In this case culpable neglect is
very obvious, and -without doubt in innumerable
other instances similarly faulty, although, perhaps,
not similarly apparent negligence, has been productive
of equally murderous consequences. Public prayers
are put up in the churches for the abatement
of the pestilence, but it is mockery to
raise the hands in supplication while instead
of doing our best to rid ourselves of the evil
we encourage it and cherish it by our apathy and our
negligence. Another fertile source of poison, another
legalised system of murder, to which we have again
and again alluded in terms of the strongest repre-
hension—natnely, the system of intramural burial,
whereby death and the seeds of death, in their foulest
and most infectious form, are treasured up in the
midst:of the living—has been again brought before
public notice by a letter from the eminent publisher
Mr. CHARLES KNIGHT. Mr. KNIGHT complains
that he has the misfortune to carry on his business in
a house the back of which overlooks St. Bride's
Churchyard. This churchyard is, it appears,
crowded to repletion, and from the open graves fearful
exhalations are continually arising. We will not
further recapitulate these nauseous particulars. The
question must suggest itself to every thinking mind
—ought not some immediate steps to be taken to put
an end to these fruitful sources of disease and death ?
Is not the neglect or indifference of public authorities
in such matters somewhat synonymous to connivance
with a system of wholesale murder?

Three weeks have scarcely elapsed sincewe directed
the public attention to the melancholy results of the
temptations to which young and inexperienced under-
graduates are exposed at our English Universities.
It is our painful duty this day to notice another case
in which a young man, in the very beginning of his
career, about to become a member of an arduous
and honourable profession, has been com-
pelled to avail himself of the provisions of
the Act for the Relief of Insolvent Debtors,
in order to obtain his liberation from the imprison-
ment to which his own thoughtless extravagance and
the undue facilities afforded for plunging into debt,
while he was supposed to be completing his educa-
tion, had subjected- him. Such a course, however
revolting to the feelings of a high-spirited youth,
was essential, unless he would be contented to linger
out
T hh iesreexwiset
consequenter existence c eso uponsuchimneapegcauol gaol,
r,a a
i,exposedehaathuirtgasttioo
about
h. e demorali-
zationsent case that distinguish it from those
formerly alluded. The first series the pre-
of t owhich w
debts had
been fully satisfied by the afflicted father, and the
accommodating tradesmen had been duly, cautioned
that ".he. would, be, responsible for no,. further elaiins -
—that his son was then of age, and that if they

THE FRENCH REPUBLIC.

We have received the Paris papers of yesterday.
A note had been received by M. KISSIELOI7, the
Russian chargé d'affaires in Paris, from Count N.Es
SELRODE, directing him to communicate to the French
Government that it is the intention of the Emperor
of Russia to withdraw the whole of his troops now in
Hungary within his own territories, so soon as the
Hungarians shall have laid down their arms, and
have delivered up the fortresses at present in their
possession to the Austrian forces ; the note further
states that the greater number of the Russian troops
at present in Moldavia and Wallachia will also be
withdrawn, and only a small number will remain in
the principalities to ensure the preservation of tran-
quillity. _ _

The election of Presidents, Vice-Presidents, and
Secretaries of the Councils-General, has taken place
in the departments. The successful candidates are
almost all Monarchists.

M. GRANDIN, one of the representatives of Rouen,
and General GUERHERME, brother-in-law to the Duke
of MONTEBELLO, have fallen victims to the cholera.
Tey died on Monday.
M. DE PERSIGNY has been dispatched by the PRE-
SIDENT of the Republic on a secret mission to Ger-
many. M. °DILLON BARROT has gone to Laon, to
attend the meeting of the Council-General of the
department, and M. LANJUINAIS, the Minister of
Commerce, to Brussels, to witness some experiments
in the refining of sugar.
The Brands eau. of Versailles played on Monday,
at five o'clock, in honour of the visit of the members
of the Peace Congress, and those of St. Cloud at
eight in the evening. The fountains of St. Cloud
were illuminated.

La Presse publishes the model of a petition having
for its object the carrying out the views of the Peace
Congress. It demands the abolition of the conscrip•
tion, the establishment of a voluntary system, and
the reduction of the army to 180,000 men, or one
soldier for every 200 citizens. The petition is ready
for s!gnature at the office of La Presse and in the
provinces.

- Some alarmists pretend that fears are entertained
of the occurrence of fresh commotions in Paris. We
entirely disbelieve the report, although no doubt
the reactionary party will endeavour by their agens
provocateurs to get up a sham emeute, under cover of
which they may perpetrate their long contemplated
coup d'etat whensoever they may deem a favourable
opportunity to have arisen.

The Bourse was well attended to-day, and a further
improvement took place in the price of Government
stock, particularly the Three per Cents. The Five per
Cents. closed at 89f. 85c.; the Three per Cents. at 55f.
30c.; Orleans Railroad Shares, 762 f. 50c.; Rouen, 530 f.;
Great Northern, 425 f.; Avignon, 2271.50 c.; Basle, 102 f.
50c.; Bordeaux, 4001 ; Paris and Strasburg, 3531. 75e,;
Tours and Nantes, 303 f. 75c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE. AUGUST 28.

Anglo Italian (late Italian and Austrian), I—Boulogne
and Amiens, oL4—Great Indian Peninsula, 51,¢—Ditto, 3%
—Rouen and Havre, 91)4.

SPAIN.

Madrid journals of the 23d have arrived.
At the meeting of bankers and capitalists called by
the Minister of Finance ad interim, no decision with
respect to the advance required by the Government
was come to, the gentlemen composing the meeting
having demanded time to reflect.
MADRID BOLSA., AUG. 23.—The Three per Cents.
were done at 26 for paper; the Four per Cents. at 11;
the Five per Cents. at 11i; the Debt without Interest,
at 4 ; and the Coupons at 6i for cash.

polls.
Circumstances which at present appear enigmatical
will in a few days be unravelled—and then, but not
till then, shall we be enabled to form an accurate
opinion as to the necessity or the culpability of the
' recent submission of GEOBGEY to PASKEWITCH.
appears to be incontrovertible already may be
..•:Frilky enumerated. To DEMBINSKI had been
entrusted by the Hungarian Dictator the re-
APcir, 4bility of the supreme command of the
cf liberation. His mind it was which cell-

LOLA MONTES. Mr. and Mrs. Heald (Lola
Montes) have embarked at Marseilles on board the
Maria Antoinetta, en route for Rome.
A weak mind sinks under prosperity as well as
under. adversity. A strong and deep nund has ty/o
highest tides—when the MOOD is at the full, and when
there is no moon.—Eliza Cook's Journal,

a El

THE SUN LONDON, WEDNESDAY EVENING, AUGATST 29. 1849,

against the policy of the Government come from so
many sides, and are so contradictory that they
must be classed and proved before they eau be un-
derstood. Some accused Piussia of wishirg to re-esta-
blish the old Confederation—others, that sl.e aimed at a
centralized individual creation—others, that she sought
to give precedence to democracy—others, that she wished
to exclude the democratic element—whilst others, again
declared that she sought for the absorption of Germany
in herself (Prussia). From this any reasonable man
may find a hint for his benefit Most truly
may it be
.said that the difficulties and complications to
be overcome were so great, that had not the Government
regarded it as a holy duty to make every effort to satisfy
the cravings of the German people for unity, it would long
since have shrunk back from the impediments thrown in its
way by blindness and egotism. Prussia would lose less
than any other state by prolonged hesitation. (This is
an incontestable fact.] The next thing to be asked is,
shall Germany lose all Austria? This question must
be solved. Two conditions are requisite to be fulfilled
in regard to this point. First, it is necessary not to
diminish previous connexity by a new intimate union;
and secondly, it is requisite that the new union should
not be of such loose character as to weaken an intimate
federation. One of the mein obstacles to a union be•
tween Austria and Germany is generally considered to
be the question of chiefdom. This is incorrect. Prussia
has been most malignantly accused of seekiiig to circum-
scribe Austria. The conditions put forward by Prussia are
not the result of ambitious views. Austria would not fulfil
her duties as member of a German Federal State;
let the Central Power be invested in a Directory or in a
Timms.' [That is, alternating power.] Prussia, on
the other band, has her whole and sole European ex-
istence in Germany. Let us go back into history, and
ask, has Austria ever conducted herself as a true Ger-
man state—has she ever been able so to do? If Austria
could not act otherwise formerly, can she do so now,
when her constitution of the 4th of March renders her
own centralization more absolute? [By this is meant
the declaration of all Austrian states forming one sole
state, without regard to Germanic or other distinctions.]
Thus if the German constitution were to be enacted
after the principle of Austrian policy, the bond
would be too lax ; whereas if Germany were consti-
tuted upon the basis of the intimate union of a federal
state, Austria must be excluded."
The following was the conclusion of the speech :
" It only remains to cast a glimpse at the future. Gen-
tlemen, the Government is perfectly aware of its posi-
tion, and alive to the immense difficulties of its task; be
assured it will pursue the fulfilment of its duty to the
very utmost possible extent. Whether the task it has
undertak4n will be brought to a successful issue de-
pends—next to Almighty aid—upon the question
whether our efforts are or are not supported by others.
You, gentlemen, will doubtless contribute all in your
power to this mighty consummation. You will bear wit-
ness, also, that it is not Prussia that has sought to ex-
clude Austria from the German Federal State. You will
testify to the immense sacrifices which Prussia, a great
Europeaa state, is prepared to make for the interest of
German unity. You know the situation of Prussia upon
the 3d of April, 1849 [the day on which the King re-
jected the Imperial dignity]. Judge, then, if Prussia
merits the accusation of self-willed ambition levelled
against her! Nol Prussia is free from selLh projects.
She fulfils a most serious duty. She will not take—she
will give—give to the grateful as well as to the ungrate-
ful. We will proceed to the work of federation—be it
with few or with many voices. Prussia will insist upon
the maintenance of the rights of the smallest state, but
she also demands the rights for mighty Germany.—
mmense applause, joined in by the galleries)."

July the 15th, when two balloons armed with Ara p-
nels ascended from the deck of the Volcano war
steamer, and attained a distance of 3,500 fathoms,
in the direction of Venice ; and exactly at the moment
calculated upon, i e., at the expiration of twenty-
three minutes, the explosion took place. The captain
of the English brig Frolic, and ether persons then at
Venice, testify to the extreme terror and the moral
effect produced on the inhabitants.
A stop was put to further exhitaions of this kind
by the necessity of the Vulcan going into docks to
undergo repairs.

HONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
There was a dull market for Cotton at Liverpool yes-
terday, the sales not exceeding 4,000 bales, at Monday's
prices.—Railway Shares were inactive, and pi ices
fluctuating.
In Mark-lane to-day Monday's prices are current for
most articles, with a very dull sale and moderate
arrivals.
The advices from the Continental Stock Markets no-
tice generally very little activity. At Amsterdam the
Two-and-a-Half per Cults. were 52j.
Reasoning upon the advantages which would
accrue to the United Status by the annex-
ation of Canada, a local journalist observes :—" Canada,
it is true, costs Britain annually a larger sum
than any improvement in the country would ever enable
us to repay; but this is easily explained by the long
frontier line which she is obliged to maintain fortified,
and the standing army which she keeps up on account
of our proximity to the States. These sources of na-
tional expenditure would of course disappear, if
the whole of the continent of North America
were under one Government. The expense of
collecting the Customs revenue would be merely that of
maintaining a Custom house at Quebec and Montreal,
and three or four revenue cutters in the St. Lawrence.
Again, the consumption of British manufactures (broad
cloth, hardware, &c.), in the Western States, is at the
present very large ,;and increases annually. It is a well-
known truth thatgoods shipped at Liverpool,and destined
for Chicago, can reach their destination at a less cost by
the St. Lawrence route than by New York and Buffalo.
Thus, if Lower Canada were alone to remain British,
the inhabitants of the Western States would either re-
ceive their goods via New York, and pay a higher price
for them, or via Quebec, and,pay to the Canadian Custom-
house a tax which would not exist if the whole of Ca-
nada were annexed. To the manufacturers of New
York, Massachusetts, &c., the annexation of Canada
would afford a large and profitable market. Lowell
would easily replace Manchester, and its sales would be
nearly doubled by the transaction. Notwith-
standing all that some people have said of
the American navy, it is certain that ships
could be built cheaper at Quebec, if we were an-
nexed, than in any part of the union. American capital
would soon raise a fleet on the S. Lawrence, which
would give America an immense advantage over
Britain. Of better materials, and destined to
last longer than the American ships, and con-
structed at an infinitely less cost than Britain
could build them, our navy would soon monopolize a
large share of the trade of the world, and advance the
general interests of American commerce to a degree it
will not reach without us for many years to come."
In the Foreign Exchanges there was not much doing
yesterday afternoon, nor did the rates vary materially.
Sales of Money Stock have been made this morning,
and prices are about to i per cent. lower. Consuls
opened at 921 I, and have since been 92i 1 for present
transfer. The New Three-and a-Quarter per Cents.
have been quoted 931 and the Three per Cents. 92i 4.
The premium on Exchequer bills is lower, being 40s.
to 435. East Indian Bonds are 765. premium. Bank
Stock is 199 to 1991. Money is still felt to be in more
demand.
There is neither elasticity nor animation in Foreign
Stocks, and altogether there have not been above halt-a-
dozen bargains. Portuguese Four per Cent. Bonds have
realised 281; Spanish Five per Cent. Bonds have rea-
lised 17i to 181; Austrian Five per Cent. Stock has been
at 84. Most of the other securities are at merely nomi-
nal values, say Peruvian, 52 to 53; Brazilian, 85 to 87;
and Dutch Two and-a-Half per Cents. 53 to 53k.
The numerous railway meetings held yesterday went
off, probably, not much to the satisfaction of those who
have extravagant, or even moderately sanguine expec-
tations of a rally in the value of this class of property,
but it is seldom that depression comes alone. The
whole railway interest is under a cloud, and it may
require time for it to emerge, but that we are now, at
the blackest period, seems highly probable. The smaller
companies are fully expected to get on better, being
compare; ively free from burdensome guarantees, and the
larger undertakings will be daily enabled to bring into
working order some of the branches upon the capital of
which they are already paying interest.
The Share Market is nut worse, although very dull,
and there are, indeed, one or two cases of improvement.
South-Western have ranged from 33f to 34i; Great
Western have been done at 73 to 731; Great Northern
at 841 to 81; North British at 12:1 121; South Wales at
13 to 14; and Midland at 62. Caledonian, after declin-
ing to 20k, have rallied to 211; North-Western continue
flat. East Indian are 31.

oNE o'OCLCK. c1.,,51r G
• it,. .Ir%, , 4c' .. RI TISH , UNDS V RICE S.
Rank Stock
3 ,er Cent. Reduced Anns ......
per Cent. Consols Annuities ' 92% A 3% 920,,
New 3q per Cent. Arms-
Lopx.,AwlsT.l.7spi72.ar ;1860 ::: n 8 15-16 8 15-16
India Bonclta, 1,0004
Ditto under 1,0001.. ....... —.... 76 p
South Sea Stock
Ditto Old Annuities
Consols for Account 92:!4
‘7:xchequer Bills. 11,4 d. & 2d.
1,0001. June 42 43 40 p
ill, June ..-- 41 p

Sma.
PRICES OF FOREIGN FUNDS.

071 E
O'CLOCK.

OLOBI.N
rRICES,
84

Austrian, 5 per Cent. ....... B4
Mexican, 5 per Cent. 1846, with Coupons—
Ditto, Ex Coupons
Ditto, Account . 273/4
Portuguese 5 per Cents.
Ditto, 4 per Cent 2814
Spanish 5 per Cent. 1840.
Ditto. Account lB
Ditto, Passive
Dividends on the above payable in London.

PRICES OF PAID. BUSINESS DONE CLOSING
PArLwAY SHARES. AT ONE O'CLOCK. PRICE.
Aberdeen lB
Do. Preference ...... 614 6% • ... 6%
Amber. Nott., Boston,
and Eastern Junction 6 ...... ...
Ayrshire and Galloway.. 7% —
Belfast & County Down 25 ...... ,-..
Berks & Hants Extens. _

(Gt. West. Per.s perct.) 6
Birmingham and Ox-
ft .rd J unct., calls duly
paid, or with a guaran. 20
Do, withoutguarautee 20 ...
Llrming, Wolverh'ton,
and Dudley, calls duly
pd, or with guarantee 10 ..... --
Do. without guarantee 10
Birming., Wolverh'pton,
and Stour Valley 13/. 145... ..
Birkenhead, Lancashire,
and Cheshire 'him—. 20 —
Boston, Stamfd & Birm. 71. 45. ...
Bristol and Exeter 9O ...... . ..... ......
Ditto, Thirds ..
Buckinghamshire
Caledonian
Ditto, Quarter Shares 121% •••• ......
Ditto, New 101. Pref... 10
Ditto,Clydesdale June 50
Jhester and Holyhead... 50
Ditto, Preference l5 .....
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Covernment Loan,
4 per Cent.
Direct Londoi2 & Ports-
mouth
Dublin and Belfast .itinc. 40 ......
uundalk & Enniskillen 22% — .. ...... ...
ast Anglian, 251., L. &
E. and L. and D...... 25
Do. 184, E.& 11.... 18
Do., 31. 10s., Pref... 3% , —
Eastern Counties....
Do. New, Gua.6 perct. 10
Ditto,Extension, 5 per
Cent., No.l 61.135. 41..• lie p ,
Ditto ditto, No. 2...61. 13s. 4d... ~-4 p ......••.
Do. North. & Eastern,
6 per Cent. ..... ... 50 ...... -- ...
Ditto. 5 per Cent.... 50 ...... -- •••
Ditto, % Shares
Do. New 43
Eastern Union, Class A
(late E. U. Shares) 25
Ditto, Class A, ditto... 31/ —
Do., Class B (I. & B.) 25
Dig !-0, Class C, ditto... 22%.
Do. Sc:iP (6 per cent.) 20 -
East Lan cal:hire
Ditto, New ~,. ..... .... 25 - -
Ditto, New QuOrters 61% — .. ........
Do., 6 per Cent. (re-
ference Quarters ... 614
East Lincolnshire ...... 2S
Edinburgh and Glasgow 50 ...... ... .,
Ditto, Half Shares ... 20 .. ..
Edinburgh and Northern 25 —
Ditto, Newport l5 .. ...
Exeter,Yeovil, & Dorch 2% — ..... ••••,
Exeter and Exmouth... 218.
Ills-sow, Dumfries, and
Carlisle ....... ... ..8/.65. 8d —
Glasgol.7,liilmar.,& Ayr 50 —
Do. Preference Consol.
•• •
Great Norther 2
Do., % A Deferred
Do., %B 6 per Cent.- 7342 —,
Do., 5 per Cent. Pref. 5 " 378••• •••• ..
:reat South. and West.
(Ireland)
'r,;at North of England.loo .......222 „. 222
Ditto, New, 40/. ..... ... 40 ......
Ditto, ditto. ............. 35
Ditto, New, 301......... 30
Ditto, New ,151 l5 .. ..
Great Western 100 ...... 73% 73
Ditto, 12 Shares
Ditto, 14 Shares
Ditto, Fifths ... 20
Ditto, New 171........ 15 ... ..
Hull and Selby .. ...... 50
......
Ditto, Half Shares ... 25 ......
Do. Quarter Shares... 12%
Lancaster and Carlisle... 50 ......
Ditto, Thirds
Lancashire & Yorkshireloo . — -
Do. do. M. B. & 8... 95
i/2 '
Shares
.•. -1-
Ditto ditto
••••• •
Do. Quarters ....a.... 22%
Do. Fifths•.. ........ NI • • 10
Do. Thirds l5 . --
.$.

. . 'h 13
• lA p

,••••• •••