The Sun.
London, England, 1841-06-30 00:00:00

NDON, WEDNESDAY, JUNE 20, 1841.

present, which is, we believe, not to receive such
petitions.
The Bill for repealing the Sub-Treasury scheme
had passed through the Senate.
Tile Great Western arrived at New York on
the 10th, in fifteen days.
These papers do not contain one word about
,Nl'Leod, but they are much occupied with va-
rious official documents concerning the navy, the
commerce of America, the war department, &c.,
some of which we shall give when we can find
room.

There bad heel some d'scussion in Congress as
to the conduct of England, and 11r. Calhoun cen-
sured Mr. Webster for not having met the
threats of the British Government with suffi-
cient dignity.
The following is the commerci ti intelligence :---`
COMMERCIAL INTELLIGENCE.--NEW YORK.
JUNE. 15.
(Reported for the Courier and Enquirer.)
$l,OOO Canal 5 s of 58
2,000 Indiana sterling Bonds
1,000 Indiana Bonds
2,000 Exchange on Philadelphia 961
8,000 do do 964
10 do Bank of Commerce, scrip
25 shares United States Bank...
300.. do. do do 19%
50... d, do do 6ds 191
650...d0... do do.
75.'..d0...N0rth American Trust lei
7...do...American Ex. Bank B5
50 Delaware and Hudson b 15 dis 107
25...d0... .do .. do
100...d0 do do
75...do...Yicksburg
50...d0...Ca ton b3o ds 37
150 do do ..do . . .
50...d0 do. do 364
25...d0 ....d0... do
25 ..do do do b3o ds 36
10...d0 do do 37
10...d0 do do
10 .do do do
57...do...Pattcrson
50...d0... do d0......................s 3O ds 52
50...d0 do do 5l
100...d0 do do 5O
50...d0. do do ...s 60 ds 50
50...d0 do.. do
25...do...Stonington ...s 10 ds 284
100...do...Mechanics and Traders N. 0
25...d0...Auburn and Syracuse 30 days 31
15. .do d 0..... do s 10 Si

25...d0...310hawk R. 11.
67...d0 do do
50...d0 ...Long Islam'
100...d0 do do
100...d0... Stonington
60...d0 do ...d0 ...
The Great Western brought $250,000 in specie. We un
derstand it was in gold. Our stock of specie is very large,
and constantly increased by arrivals from the interior and the
South, Mexico, South America, &c. There is some demand
for Mexican dollars for export to Havre, as the high rare of
exchange on Paris causes some of the remittances tO go for-
ward in that shape. We understand the packet of the 17th,
will take a considerable amount. Our Banks, however, have
a surplus, and a much larger drain would cause no alarm. The
rates for specie are—Spanish dollars 3 1 2 per cent. premium ;
Mexican do. 3-4 a 1 ; Spanish doubloons, 16 ; Patriot do.
15,70; sovereigns, 4,84; five franc pieces, 93 1-2 a 94.
The money market is abundantly supplied, and considerable
difficulty is experienced by the Banks and individuals in the
employment of their floating capital to advantage. The prices
at which securities for temporary investment are selling is proof
enough of this fact. Our State Fives at 87 1-2, which is the
rate to-day, will only yield the purchaser 5 3-4 per cent. inte-
rest on a par stock. Upon ample security money can be bor-
rowed at 6 per cent. from the Banks, and fire and six months'
paper is freely discounted, when formerly the rule restricting
discounts to 90 days' paper, was strictly enforced. The street
rate on good business paper is 7 to 8 per cent.
Although the advices by the Great Western had an unfa-
vourable effect on the Cotton Market by arresting operations
to a great extent, yet we cannot learn that any change in rates
has been submitted to. Holders are very firm and not disposed
to press their lots on the market in the face of a demand on the
part of buyers of a reduction, while, on the other hand, operators
appear to be quits indifferent about coming into the market, con-
sequently the 'sales are only some 500 bales per day, about half
of which are to spinners. Of flour the supplies by the Erie Ca-
nal are light, and holders are firm at $3 for Genesee. Buyers,
however, decline purchasing at that rate, excepting to supply
immediate wants. Of Michigan and Ohio the supply is larger
in proportion, and holders are more ready to sell. We quote
the former at 4,69 a 4,75; Ohio 4,75 a 4,874. Of Southern
the market is nearly bare, excepting Georgetown and Howard-
street, which are held at 5,121. Sales, Bt andywine and Phi-
ladelphia at 5 dollars. Southern oats and corn are not very
plenty, but other descriptions of grain are coming in more
freely. Sales 1,600 bushels Delaware Corn at 57c. weight
delivered; 3,000 bushels Northern do. at 56, 57, and 58c.
weight delivered, and 3,500 do. at 59 a 60c. measure ; 4,300
bushels Rye at 57 a 58e. delivered; 5.000 bushels Northern
Oats at 43c. plenty and dull ; Southern scarce at 35e. A
parcel of 1,600 bushels fair Ohio Wheat was taken at $1,124-.
Ashes, Pots and Pearls are $5, the former are in steady de-
mand; in Pearls there is some tendency to advance.

We state, with mingled grief and indignation,
that the City of London has failed to do its
duty It has not returned four advocates of free
trade triumphantly, by large majorities. We
can scarcely venture to say, in the present doubt-
ful state of the poll, and with the conflicting
claims of the two parties, how many monopo-
lists, and how many anti-monopolists the City
has returned ; but when the official announce-
ment is made, we believe that the result will be
two of each. London, then, is neutralised. It will
be as it were unrepresented in this party contest,
and will have no influence by its votes on the
fate of the empire. In proportion as we and all
men expected much from its example, great is
our disappointment at this result. We looked
to it for the encouragement of our cause, but
we are repulsed, and told that London, the
'mighty queen of liberty, will now do nothing
for freedom. London is become inefficient,
neuter, nothing.

A cry of piteous distress came from the ma-
nufacturing districts to rich London for help,—
from those districts which contribute so much to
London's greatness,—and London has turned a
deaf ear to the heart-rending tale. Idle fears
for its own wealth, intense selfishness, the off-
spring of continual indulgence and enjoyment,
an association of monopolists of various kinds,
have made London—once free, and always com-
mercial London view with indifference or
apathy the distress that has not yet reached
herself. Money was unasked of her—she was
only asked to help the suffering people to obtain
justice, and that she has refused. To have at-
tended to the prayer would have been as honour-
able to London as it would have been advan-
tageous to the empire, and London has dis-
graced herself by her refusal. Our grief is for
the country at large, injured -by her con-
duct our indignation is for the base and
heartless men who have seduced her to leave
the honourable post she occupied in the first ranks
of freedom.
We know the arts that wealth and influence
have used to attain this end. We knoii- that
corruption and intithidation have been ac-
tively at work. We know that false re-
presentations have on this, as on other occasions,
had the wished-for effect on the unwary; and
knowing these things, we must pronounce Lon-
don degraded and disgraced. She is no longer,
as in the olden time, the bulwark of the na-
tional freedom. She is
snow little better than a
huge den of speculators and gamblers, amongst
whom the soul of patriotism has been al-
most - extingnished, by the sordid thirst of
gold. Tier pains-taking, frugal, citizens haste
given place to gay merchants and speculators
who no longer dwell within her bounds, but flee
from her, to ape at a distance the follies of the
tyrant and plundering aristocracy. They come
to her for their opulence, and they come to her
when they can, as in this case, make her serve
their selfish and monopolizing purposes.
But though we feel for London, and feel that
its conduct has hindered the immediate success of
our principles, it will only ensure in the end their
more complete triumph. The Whigs have
been defeated, who protect the cause of free
trade, but free-trade has not been defeated.
The City Tories dare not speak against it.
Those who suffer from monopoly must now
see that they have nothing to hope from those
who profit by it, whatever may be their pre-
tensions. They must, therefore, undisguisedly
help themselves; ,and they must consider how
they can best accomplish that. Forbearance, re-
spect fir the so-called rights of those who
persist in starving them out of existence,
they will, for their own preservation, no longer
entertain ; and they will act on that selfish prin.
clple to which the Tory electors of London have
sactificed the best interests of the nation. The
election of yesterday, instead of fulfilling Lord
Joirri RUSSELL'S beautiful wish of " MAK-
ING US , ALL , ONE PEOPLE," has strength-
ened the elements of discord which pre-
viously existed, and added the of Lon-
don to . the avowed enemies of the starving
manufacturers.

While we want words to express the abhor-
rence with which we regard those who have
seduced the electors to give votes for the mono-
polists, and those who have been seduced
to sacrifice their own honour and inte-

rest, let us not forget to do justice to
those active, enterprising, untiring men; like
Mr. LOYD, MT. ROBARTS, and Mr. TRAVERS,
who have fought in the good cause. They have
resisted, we know, manifold temptation ; they
have exerted themselves to the utmost, and if
they have not now obtained complete success,
they have deserved it. The time is not far dis-
tant, we trust, though much suffering may
first intervene, when they will see, as they
h tve heretofore seen, the principles they have
struggled for under more adverse circumstances
than they are now placed in, embraced by their
opponents, as the only means of safety, and as-
sured a complete ascendancy.

The Paris Journals of Sunday have all reached us. The
funeral of M. BERRYER, the father of the celebrated Carlist
orator, took place on that day, amidst a great assemblage of
Royalists and several distinguished members of the French bar.
Orations were pronounced over the grave of M. GARNIED,
'PAGES on Saturday, by MM. ALAGO' JOLY, LAFAYETTE,
SAINT-ALBIN, BASTIDE, DuroTY, and PAGNERKE.
We have already published in tit! columns of The Sun the
firman of the SULTAN, to which diplomatists have given the
title of an ultimatum, relative to the Government of Egypt.
We are indebted to the Presse of Saturday for the following
translation of the firman, which the SULTAN has addressed to
MECIEMET ALI, fixing the amount of tribute to be paid by him
for the herelitary Pachalic of Egypt.
"The Government of Egs pt having been conferred upon thee
with right of heirship, and upon express conditions contained in my
other simple firman, I, according to my sovereign will, have ordered
an annual tribute of 80,000 purses, arising from the customs!
duties, tithes, capitation tax, and the other revenues of the pro-
vince, to be paid by thee to my Sublime Porte; and that the rate
of this tribute vary not from the fluctuations in the price of money ;
the above 80,000 purses to be calculated according to the worth of
' colonats' in Egypt; and this sum to be every Year paid in effec-
tive colonats,' or in any other money forming their equivalent.
My order being that this be iin.nediate'y acted upon in conformity,
the present firman relative to this express injunction has been
issued and expedited. Consequently, taking cognizance of the same,
thou shalt conform thereto, paying into my Imperial Treasury, in
proper time and place, the above tribute."
The following brief extracts include what little other news
there is the French Papers of Sunday:—
The Veloce and Cameleon steamers, which conveyed the de-
tachments of the Chasseurs of Africa to. Mostaganem havere-
turned to Toulon, bringing letters from Mostaganem of the 14th
of November. News had been received of the expedition which
set out on the 7th under General Bugeaud, whose return was not
expected till the 22A or 23d. It was generally believed that an
attempt would be made on Saida to the south of Mascara.
Saida was to be sacked like Tedekempt.
In consequence of the late expeditions the numbers or sick in
the prorinces of Algiers and Oran is pretty considerable.
We fear that Marshal Suult is entering on .a tiaz:felpos course.
The following is his answer to the serious facts denounee.-by the
letter of General Bourjolly, which we published yesterday, -;:!
which he states and explains the grounds of his being dismissed
from active service:—

"The President of the Council, Minister of War, has given
orders to Majm-General Bourjolly to repair to the Citadel of
Lille, where he will remain under arrest fora m+-,nth, for having
failed in the due observance of the military regulations."

.-..-.. . . -
This we see is putting info execution the famous circular of the
Minister of War, in the most brutal form. But in assigning Lille
as the prison of General Bourjolly, did not Marshal Soult fear to
recd to pimple's minds that it was at Lille that in 1614 he caused
General Excelmans to be tried, who was accused of not having
shown hi"self ungrateful to a King who had loaded him with
favours ? This, however, is a fault with which Marshal Soult has
never been charged.—Le Commerce.

Letters and papers from Madrid of the 19th inst. state that
the question which now excites most attention in the political
circles of that capital is the appointment of a guardian or
guardians for the young Queen, Donna ISABELLA 11. has
arrived at that age when impressions made upon the mind
are most likely to be permanent, and when by inculcating a
peculiar class of feel►ngs and principles a foundation is laid for
the social and political habits of maturer age. Personal and
political interests are therefore at work, and not only parties,
but family f. ctions are intriguing to get the QUEEN into their
hands. Hitherto ESPARTERO has proved himself equal
to the difficulties by which he is surrounded, and we
trust that on this occasion he will not suffer per-
sonal considerations to blind him to the interests
of the Spanish people. The welfare of every country is
closely mixed up with the personal character of the Sovereign.
England will never forget the deadly wound inflicted upon the
morals of the aristocracy, by the profligate example of that most
heartless of Royal profligates, GEORGE IV. The profligacy of
the French Court during the reigns of Louis XIV. and
_Lotus XV. was mainly instrumental in producing a revo-
lution which convulsed the world. What Spain has suffered
from the brutal ignorance of her Monarchs, the annals of that
country from 1807 to 1824 abundantly testify. The guardian-
ship and education of the young QUEEN is therefore a na-
tional question of Cle very highest importance. It may be
that Spaniards can never be enslaved by a Queen educated
in the school of despotism, but we can have no such certainty
that the morals of the people would not become contaminated
by the example which might be set them by a corrupt Court.
Some members of the Cortes are for appointing a single
guardian for the young QUEEN, but others, and ESPARTERO is
reported to be of the number, contend that in order to coun-
teract any undue personal influence over the Royal mind, three
guardians arc at least requisite. Signor ARGUELLES and the
Infant Dun FRANCESCO DE PAULA, the QUEEN'S uncle, are
spoken of as two of the intended trinity of guardians. The
hopes of the friends of the INFANTA of his appointment as
one of the guardians of his Royal niece, appear to rest on the
friendly tone of the following letter, addressed to his Royal
Highness by ESPARTERO, in answer to his Royal High-
ness's Congratulatory Address on the appointment of that suc-
cessful soldier to the Regency : . •..

" Very cxcelleet Signor,-The congratulations which your
Serene Highness has condescended to address to me from Paris
has filled my heart with the most lively gratitude for the kindness
of your Serene Highness.
" I owe everything I possess to the generosity of the Spanish
people; it is to their virtues and to their valour, more than to any
efforts of mine, that the country owes the happiness it enjoys, and
the termination of that distressing civil war which was destroying it.
" With peace the, public administration will be regularly organ-
ised, at least such is my hope : for the union and harmony of
states will be secured by peace, and resources and power be ob-
tained by it.
" Rich, and in a state of peace, the Spanish nation will attain its
proper degree of political influence; it merits to be powerful, as
it has already been, and as it will be again. I ground this flatter-
ing and consoling hope on a noble people and a warlike army, who
are determined to be free, who will have their rights respected,
who love their Queen, respect their Princes, observe the laws, and
obey the constituted authorities.
" This is the object to which I aspire; and whilst I hold the
rest of First Magistrate of the Kingdom, which the will of the
Cortes has deigned to confide in me, I will use every exertion to
accomplish it.

" After the honour which has been done me by the august un-
cle of my Queen, your, Highness will permit me to offer you the
most sincere thanks for the distinction which has been conferred on
me ; and will permit me to declare how highly I appreciate the
lofty ideas of the generous patriots and of the illustrious Prince;
whose prosperity, and that of his illustrious family, so much into.
rests both myself and every Spaniard.
(Signed) " DUKE DE LA VITTORIA.
" Madrid, May 30." _ _ .

- One of the Spanish papers publishes official returns, from
which it appears that in one month France smuggled 2,857
bales of goods into Spain ! And yet the Paris Journals have
the audacity to talk about the Peninsula being inundated with
British smuggled goods. " First pluck the beam out of thine
own eye, and then thou wilt see more clearly to take the mote
out of thy brother's."
There was a good deal of bwiness done on the Madrid
Bourse on the 19th inst. The transactions in the Five per
Cents. amounted to 47,000,000 of reals, the closing prices of
which were 261 for cash, and 27/i at 60 days. The coupons to
he capitalised sold for 221/1, and the titles of the foreign debt
for 26, at 60 days.