The Sun.
London, England, 1847-06-03 00:00:00

MORN IN G, JUNE 3, 1847

of their relatives from their knowledge of
how ardently the deprted aspired after, though in I
vain, the boon of disinction which will presently be
conferred upon the sirvivors; as also from the senti-
ments of regret they vill naturally entertain that that
which they would have so highly prized as a precious
heir- loom—the SOVEIEIGN'S medal commemorative
of the past heroism of :he husband, the father, or the
brother—will, never be their pride or good
fortune to possess. The invidious manner
in which the marks of the favour of the Crown were
distributed at the close of the great war, has always
rankled in the public nind; and when, in considera-
tion of the recent triunphs of our arms in the East,
appropriate medals were struck in honour of those
who had achieved then, the gallant old officers and
men, who had fought so chivalrously through
the whole of the Peninsular campaigns, and
had been left unrequited by any honorary
emblem of distinction, felt themselves dishonoured.
An ebullition of popular feeling, however, quickly
succeeded, and the Dtke of RICHMOND, though
strangely opposed, for the time, by " the hero of a
hundred fights," lost n time in convincing the
Ministers of their duty to advise the Crown to honour
the Army and the Navy, according to their well-
merited fame. We hope, indeed, that what has now
occurred will have the effect of rendering the re-
sponsible servants of the SOVEREIGN extremely
studious hereafter, whenever our sons of Mars or
Neptune may gain any signal victories, that the
badges of distinction shall be granted on a scale corn-
mensurate with the love of justice and depth of gra-
titude
peculiar to the British people, We cannot'
conclude these remarks without taking exception to
the circumstance that the naval engagements for
which medals are to be struck atop at the year
1815. Surely the period might have been
extended to the following year, so as to
have comprised those who fought in the memor-
able action off Algiers l—an action, be it re-
membered, more glorious in its heroism, and more
philanthropic in its cause, than two-thirds of the
engagements for which the persons present are to be
thus honoured and rewarded. We entreat the atten-
tion of the Admiralty, of the House of Commons,
and of the Government to the gallant officers and
men who fought and bled in tie glorious battle of
Algiers. Surely the sailors who fought there under
EXMOUTH and DUNE should not be grudged a
simple medal !

A letter from Frankfort, dated the 22d, states that
the most influential men of the Liberal party in the
Grand Duchy of Baden have resolved to present an
address to the General Diet of rru.;sia, adjuring that
assembly, in the name of the people of Germany, to
protect the most important interests of the country.
The address also alludes to the necessity of granting
to the Jews the full and complete enjoyment of civil
and political rights as exercised by the Christians.

We have received by the Levant mail Malta papers
to the 21st, the Constantinople journals to the 16.1),
and the Moniteur Grec (the Ministerial organ) to the
20th inclusively. The Malta journals contain nothing
of importance. The Moniteur Grec neither confirms
nor contradicts the report that the Greek Government
has solicited the mediation of Austria for the arrange-
ment of the differences with the Porte. The following
is from the Courrier de Constantinople of the 16th:—
"An extraordinary courier from Per.,ia has brought the
intelligence that the ultimatum relative to the treaty between
the Ottoman Porte and the Persian Govert.ment had been
definitively accepted by the Shah, and that it had been signed
at Teheran about the middle of the month of April."

Madrid papers of the 26th have been received.
The KING still continues at the Prado, and refuses to
j )in the QUEEN unless General SERRANO is sent out
as Governor of Cuba. Senor SALAMANCA is suffering
from illness.

MADRID BOLSA, MAY 26.—The Three per Cents.
were done at 298 for cash; the Four per Cents. at
181 ; the Five per Cents. at 188 ; the Debt without
interest at and the Coupons at 16.

We have received the Paris papers of Monday.
The National has the following observations on the
armed intervention of England, France, and Spain
• in Portugal:—
"
Is it, in truth, seriously that an armed intervention is
spcken of in Portugal? The Debuts had already announced
to us this intelligence, which, ln.wever, was immediately
contradicted. Since then it has published the text of a can-
, vention entered into between England, France, and Spain,
according to which Spain was to succour Donna Maria with
her troops, England with her sailors, and France with her
good wishes. The jeur:•als of London inform us now that
Lord Palmerston has admitted in the House of Commons the
existence of this treaty. At the same time Mr. Hume has
given notice that he will on Monday (this clay) address ques-
tions to the English Cabinet on the subject. Thus, then, the
news is true! We must believe that explanations will also
be, without delay, demanded from M. quizot. It is ahead
a fault to have allowed tie English Parliament to enter on
the matter first. Aud by what right does this armed inter
vention take place in the internal affairs of Portugal? The
Debate has mentioned the Quadruple Alliance, but Lord Pal-
merston speaks of a new convention. He adds, it is true,
that the title put forth by Donna Maria is that of the con-
tracting parties of the Quadruple Alliance. But What con
flexion can this text, so often torn to pieces, have with the
struggle at present going on in Portugal? The question is
not now to combat Don Carlos or Don Miguel, against whom
this constitutional coalition was specially at first concluded.
I)onna Maria, that perjured Qasen, after having worn out,
with her coups detut anti her strange whimsies, the nation
which had placed her on the throne, neheld that nation rise
up against a domination that was alike odious and contempt-
ible. La not toe Portuguese nalion perfectly juatitied in acting
so? Does it not exercise aright the most legitimate and moss
sacred? In what respect can England, Spam, and France,
who have a similar page in their history, find this conduct
reprehensible? The treaty of the Quadruple Alliance, taken
in its widest expression, had been directed against the me-
naces of the absolute Sovereigns.Coaantiiotohs:ve
‘u‘n,edehrgaxo,neeaitn-
a few years so great a metamorphosis as to have become at
presental-
ready l hada dtahrei ghe
orlf,or the
alliance liberty
ofKings—are we to be-
despot of
be-
hold this idea of 1815 revived in the holy alliance of the
constitutional Sovereigns? The question i 3 a most grave
iiiternational law. We are not astonished to
csahnoici okn -tboa iclh tiainst the
rterda daigt
one, a s may be sgeievne. a Titrieeltdi risutl
sisns ant!
iP)cer''teulig.Pl'aseitt mixed up with this odious scheme. He saw
in it the advantage of appearing to have again drawn closor
to England, sod he hopes that he may be permitted to re-
peat the well-known expression, follow in her wake.'
But it is of importance to France that the threats of this new
coalition be not realised ; and no doubt our statesmen wilt
consent to deny themselves for a time the pleasures of the
country, in order to bring this matter before the Chamber."
The Presse has an article, extending over three
'mortal columns, on Spanish affairs, in which it ac-
kitties: the British Government of having a design to
Protestantise Spain.
• "If the Pope (says the Presse) refuses to gratify the
wishes of England by dissolving toe marriage of Queen taw
bella, England will excite the Queen to divorce herself in
spite of' the Pope. Double profit for England ! A divorce!
and with a diverce schism and Protestantism in Spain ! TUC
religious propaganda of the Anglican Sectarians triumphing
in Spain at the same time with the political and commerciai
propaganda of England ! Is not this a pleasant dream? To
plunge Queen Isabella into the excesses of which the reign
of Henry VIII. offers the most perfect model—to renew h.,
tween the holy see and the Sovereign of a Catholic natioi,
the odious contest which caused Protestantism to triumph it.
England—to complete a second time the separation of which
she has given the example to the world—to revenge herself
on France, and at the same time to satisfy her political inte-
rests and her religious passions—is not that a plan worthy o:
British diplomacy?"
The report of the Committee on Algeria has been
laid before the Chamber of Deputies. It recom-
mends that France " content herself with occupying
the Tell, and not endeavour to penetrate or form esta-
blishments in the smaller desert, the natives of which,
being obliged to draw their provisions from the Tell,
are de facto her tributaries."
The Committee was also of opinion that the army
should not be employed in reducing independent
Kabylia, whose pcpulation, surrounded by European
settlers and confined within narrow valleys, must ne-
cessarily undergo the influence of the French. The
Committee next considered the means best calculated
to consolidate their domination in the country, and

laid it down as a principle that the political power
should be vested in the hands of the French, and most
of the secondary offices of the Government be filled
by natives. The second part of the report treated of
the important question of the civil administration of
Algeria, and recommended the restriction of the cen-
tralizl)tion at Paris within narrower limits, so that if
the entire government of the affiiirs of Algeria re-
mained in France a portion of the administration
should reside in Africa itself.

It is said that Marshal BUGEAUD has been recalled

from Algiers.
The Three per Cents. closed at 78f. 70c.; the Five ler
Cents., 117 f. 5c.; the Orleans Railroad Shares, 1,26. v.;
Rouen, 960 f ; Havre, 6501. •• Great Northern. 610.;
Avignon, 755 f. ; Vierzon, 5921.50 c.; Bordeaux, 508 f. 75c. ;
Basle, 1871. 50c. ; Dieppe, 3161. 25c. ; Paris and Strasburg,
tiOr. ; Tours and Nantes, 413 f. ; Paris and Lyons, 4351 ' •
Lyons and Avignon, 447 f. 50c. ; Bordeaux and Cette, 4481.
75c.; Spanish Three per Cents, 351.
RIAISEILLES, MAY '2s.—Marseilles and Avignon, 732 f. 50e.
LYONS, MAY 27.—Paris and Rouen, 957 f. 50c.; Avignon
and Marst3lles, 7371. 50c. ; Nor hero, 6061.25 c. ; Paris and
Lyon 4 4351. 75c. ; Orleans. 1,2411. 25c.

BUSINESS DONE IN FOREIGrN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JUNE I.
Boulngne and Amiens, 10A—Narnur and Liege, 3%
Xorthan of France, 12—Paris and Rouen, 37—Sambre and
Meuse, 7%—West Flanders, 3%.

MONEY and COMMERCIAL NEWS.

(From The Sun of Last Night.)
The Cotton market at Liverpool yesterday was firm.
Sales, 5,000 bales, of which 1,500 were on speculation and
for export. Railway Shares were not quite so good. There
was a greater disposition to sell on the part of recent pur-
chasers, who could realise a profit.
Accounts have come to hand to• day from Australia, but
they are not of later date.

From the manufacturing districts we have ..nore favour-
able accounts to-day, and we have every hope that a con-
tinuance of the present fine weather will inspire such con-
flience as to induce a material extension of business. It
is rather important to bear in mind also that the late ac•
counts sent out to the United States would convey intelligence
of the general inclination of our manufacturers to work •"short
time," and that this would have the effect, probably, of in-
creasing the desire of the Americans--who must be certain of
an extensive demand for fabrics while their trade in grain
continued so flourishing—to make immediate purchases of
our textile products, even at advanced rates. The effect of
this, with an easier state of the Money Market in England,
must be to revive confidence and impart activity.
The English Stock Market has been again rather fluc-
tuating to-day, and will not probably become steadier until
after the Exchequer-bills have been sent in, and some of the
pressure of railway calls is abated, although we hear of seve-
ral companies having materially abridged the extent of the
works lately progressing. Consols have been marked 88 to
8814 for present transfer, and 88% for Account. Exche-
quer-bills have not been higher than ls. to 3s. premium. The
New Three-and-a-Quarter per Cents. have been 88% ;
and the Three per Cents. 86% to 87%. Bank Stock has
been 195 to 196.

There is scarcely any business 'doing in the Foreign
Market. Spanish Three per Cents. have been 34, and
Mexican Five per Cents. 20%; Russian Stock has been
at 1091 h.

For Railway Sbares the demand is not so good.

BRITISII FUNDS.

ONE CLOSING
O'CLOCK. • PRICES.
Bank Stock .. .. • • • . •.. • • 195 196 196.
three per Cent. Reduced Annuities 87% 867 87% 87%
Three per Cent. Consols Annuities 88% k tis 88 IA 88
New Three-and-a-Quarter per Cent. Anus. 88%9' • 88%
Lung Annuities, Expire Jan. 5. 1860 ..9 1-168 15-16 9 1-1 G 9 1-16
Ditto, 30 years, Jan. 5, 1860 .. • • .91.414 9%
Consols for Opening, July 16 .. 88% %
Exchequer 11.11 s, 114 d, 21.
1,0001... 3 1 p
5001.:. 1 6p
Ditto. Small .... 75 p
Ditto. Advertised . • par 2 p 2 dis
ONE
O'CLOCK.

CLOSINu
PiiicEs.

eadly 19%