The Sun.
London, England, 1841-04-13 00:00:00

EVENING EDITION.

plenish the public coffers. We recommend as have
money in the public funds to look to this. As tht: Ger-
man commentator, whose sentiments we publishes, the
ether day, observes, it is quite idle to determine meass:res
of trade and commercial intercourse by the abstract dog
mas of any school. It may be truly affirmed that in such
matters there is no such thing as an absolute principle
which is true at all times and under all circumstances_
nsome cases tree trade is beneficial, in other cases
it is not. All depends upon the peculiar circumstances
of the rise--uport the particular wants, capabilities,
opportunities, and reasonable objects of each country.
While a country is thinly inhabited, and a vast field fC
rim-
provement by labour is open to be worked, trade can
scarcely be too free, for the tendency of free trade is to
procure the greatest quantity of commodities at the leaAt
expense of labour. But, if a country happens to possess'.
a redundancy of labouring power, then free trade is likely
to be pernicious. We may sitar our laws so as to enable
capitalists to buy the produca if cheaper labour abroad,
but how shall we alter the laws of other countries so
as to make them buy from us in return ? We can
do no such thing. " Oh," says the political econo-
Feist, " but we cannot continue t, buy without sell.
ing." The truth of that proposition depends upon
the Itangth of time contemplated. We can continue
to buy ..Nithoot selling so long as our stock of gold and
silver lasts, and, since every one who can get a Bank note
may convert it into gold, that period would only be 2imited
by each individual's interest, or by the breaking of the
Bank. Then, by preosure of severe distress and the
scarcity of money, all sorts of commodities would become as
cheap here as on the Continent. But the money amount:
of taxt.tion being still the same, list: pressure would be
intolerable, and it would be imposslole for the Go-
vernment to screw out of the people eno, of money to
igh
pay the fundholder his annual interest. ',This would be
the consummation of free trade in a cou.atry circum-
stanced as ours is. This is the point to wbicil free-trade
theorists are now trying to drive us.
MONEY MARKET and CITY NEWS.

(FROM THE MORNING PAPERS OF THIS DAY. )
TIME S,—A 4: the Stock Exchange to-day very little
business was transnted, and the jobbers and brokers were,
for the most part, occ:APied with arranging their accounts
for the three successive settlements which take place this
week in the public securi'ties, viz., that in the Share
Market t•-morrovv, that in 11'7! Foreign Funds on Wed-
nesday, and that in the English '‘Llncl3 on Thursday.
A later fr.An Bahia of the 6th of February, sates that
• trade continua to fall off, and, to sho7v theproportion of
.-v
the decline, the folio•sing statistical data are ices :—ln the
year 1835-6, the Custom-house receipts were ,625 contos;
in 1836.37, 1,389 contos; in 1837-38 (the vv'er of Re-
volution), 1,043 coatos ; in 1838-39, 1,760 coat os ; and
in 1839.40, 1,610 contos. In 1838-39 the gross kli:nount
of produce expor ed (calculated on the weekly Vain esti-
mates) was 9,291 contos; but in 1839-40 it diminishosi to
5,982 contos. In 1838-39 the Customs' receipts Off 'the
exportation of produce was 804 contos, and in 1839'40
only 524 contos.

PO ST.—Tlie funds have been nearly stationary all day'
in both markets. The President steamer, expected from
New York, is still missing, and there was no news from
any quarter to give a stimulus to prices. The payment
of the dividends may be supposed to have had a favourable
influence, but the effect of this appears to have been, as. is
usually the case, fully anticipated.
Frankfort letters of the 6th inst. mention that two agent%
of the house of Rothschild and Co. have set out as agents
fir the Phillipine Islands, belorging to Spain, where
they are to reside for ten years. It was said they were
to superintend the collection of certain li-ranches of the
customs of the colony, which have been assigned to the.
firm as security for money advanced by it to the Go-.
vernment of Spain. Messrs. Rothschild have been
for years in the enjoyment of the profits derivable
from the, valuable quicksilver mines of Almaden,
and are so much better off than the bondholders of For-
tug-al, for which country they were responsible in connec-
tion with the loan of 1835.6, or even the bondholders of
Spain herself, that we cannot approve of their sendirg-
out people to the Philippine Islands to intercept revenues
which should, in the course of fair dealing and common
honesty, go to the liquidation of the .dividends so long
postponed, and of the Treasury Bills issued 1-1 the Agui-
lar Embassy here in 1836. The coldness of the great
Peninsular loan contractors towards their supporters has
been such that they shall never have our sympathy or sup-
port let their sufferings by their private engagements Le
ever so grievous. The despatch by Messrs. Rothschilel and
Co. of agents to the Philippine Islands argues someth
sery treacherous towards the house on the part of Spai.l.
The committee of Portuguese bondholders have been
addressed by parties who complain very loudly, but with what
justice we leave others to determine,_ that, for their signa-
tures epprobatory of the new Portuguese conversion,
which have been to the extent of 200.0001., they can at-
tain the remuneration of no more than ten shillings per
cent., which is less by five shillings than they were ac-
customed as " men of straw " to receive for their signa-
tures in favour of the railway projects at one time so
much in fashion.. There can be no doubt that the Portu-
guese tools, in their excessive meanness, have somewhat
undervalued the services of the poor men who have been
accustomed to do this sort of business, and who have
starving families to plead in extenuation of the guilt
attaching to a betrayal of the interests of their fellow-
countrymen.
SUN.—Still no news of the President.

The public securities have been dull to-day, but they
have maintained their value. For Money the quotation
was to 90, and for the Account 901 to 90y throughout
the day. This gives a value on short loans in the Stock
Exchange
.of about 3 per cent. per annum • Exchequer
Bills renizei•los. to 13s. premium ; India ionds, par to
3s. premium, a slight improvement for each ; the New
Three and-a-Half per Cents., 98/ to 99 ; and the Re-
duced Three per Cents., 881 to 89 ; Bank Stock ,was at
1713 ex dividend.
The Foreign Securities and the 124,ilway Shares a 'ere
very little dealt in to-day, and the current value establisl ,ed
by the few bargains entered into, evidenced the ratta.er
downward tendency of the markets. Spanish Active
Bonds were heavy te-day at 233; Portuguese New Five
per Cents, at 33i; Mexican at 29/ to 301 ; Chilian at
61, and Brazilian at 694, which prices exhibit a sligLit
decline, as compared with the rates of Saturday. French!
Five per Cents. were at 113 F. to 113 f. 25c., and Dutch,
Two-and-a-Half per Cents. at 52 to 51,1.
Great Western Rrilway Shares were 27 to 271; the
New, 131 to 13i ; the London and Birming..)am, 64 ; the
New, 221 ; the South-Western, 181; and the York
and North Midland, 304 tp 31 premium. Brighton shares
were 4i, South-Eastern 15, and Manchester and Leeds
31 discount.

THE WEATHER.

ROYAL GALLERY OF SCIENCE, ADELAIDE-

STREET.

NOON. APRIL 13.
Barometer 3O 13 in.
Thermometer
Highest .. 54
Lowest
W:nd N. W.—Freezing Point 32 Deg.

The sacred Harmonic Society will conclude
their series of Lent concerts:on Friday with " Jeplitha."
It is the eighth of Handel's Oratorios produced by the
Society, and was performed for the first time on Wednes-
day last' with complete success.
FALLING HOUSES.—A correspondent calls
our attention to the dangerous state of some houses to.
wards the east end of Carey-street, and complains not
without reason of the negligence of district surveyors, and
local authorities, in not taking more active measures to pre-
vent such accidents as those which occurred lately in
Fleet street and St. Giles's.
MEHEMET ALI.—A medal of the Pacha of
Egypt, in silver and bronze, is about to be brought out un-
der the patronage of Sir M. Montefiore, with others of the
Jewish persuasion, and most of the leading merchants in
the city connected with the Egyptian trade, in order to
commemora'e his protection of commerce, patronage of
the arts, and religious toleration. The face and bust of
the medal is being taken by Mr. A. J. Stodhart, from a
painting in the possession of Sir Moses Montefiore, just
brought over from Egypt, where it was done expressly for
him by the orders of the Pacha. The portrait will repre-
sent him as wearing the tabouche, after throwing off the
turban, and the reverse of the medal will contain an alle-
gorical device, representing some of the most interesting
events in his life. It is not generally known that some
time since Lord Brougham made the Paella of Egypt a
present of 100 volumes of English scientific books, which
the latter had immediately translated into Arabic for dis-
tribution and use in the schools of Egypt. A copy of
each of these works was recently sent over by the Pacha
as a present to Mr. Galloway, father of the Bey of that
latename,
in twerhfeorerenceeenotlfytdhieedAiln his service.liedpowers he Ju
wass t
erectingtot
ah en
observatory on the banks of the Nile, which was to be
placed under the control of the Royal Society of London.
THE PRECIOUS METALS.—Among the nu-
merous alarming paragraphs we continue to see in the
papers, London and provincial, of the movements abroad
of the precious metals, it is a singular fact that we seldom
or never glance
noccchu zorr soent
frequentyoi
ncef
el
chroniclers,
otns
sdda
especially
ahssr
npi
ennde single
al
ieahl
certainlvelannouncement
r.
iiTlvthehei
been
eeternaleonasl
shipped
. pyf
but,
ri
eat
dyass
movements homeward, though these movements, we dare
wtao say,
htfea phhasa coory
veeenquite
said,autnito
t precious
ohai
cuts s landing at Dover front periods,tbe e Continent is
never once noted. To allay
atohpepofseiaors, however, of John
''ke'sfprom old England, we aboutmaymen-
h teo should udrainedld
tion that the writer of this paragraph,g int iha.tistpeherpaturebcnioleas
masses of gold and silver frequentlyon its way
ore Bull,
s llest
comes. in contact with IFge.
Cons Pierward,
Great Britain ; and that it was only other day be saw
sovereigns in boxes, the
to the number of about, 100,000,
landed from the C • to the metropolis of
ontment.— Correspondent of the Dover
Chronicle.

TIIE SILK GOWN.—cc To be or not to be,." is
the question which is now agitating the Wesleyan body
throughoutdowns in
in the pulpitstlliseountr of the srxit3
yonthesuhjeceto! wearing cleri-
calby its itinerant
ministers. Mr. Welsh, in a pamphlet which he has pub-
lkhe3, states that the system, if adopted by all the itine-
rant preachers, will cost the Society 7,0001. a-year. The
Rev. S. D. Waddy, the most popular Wesleyan preacher
in this town, hating had a silk gown presented t) him by
some ladies in his congregation, has appeared therein in
public, but his so doing has not met with the approval of
the office-bartrs of the Society in Hull. The Rev. Mr.
Bunting, at Manchester, also appeared in one on the same
day as Mr. Waddy, which circumstance being strcngly
disapproved, Mr. Bunting has withdrawn himself until
the Conference, when the matter will come on for discus-
' siolS'.—ofiaivaolinPraabricer.has the weather been during the
last month, tilat third is at the present moment more grass
an
season
dingth:ts egu en
than is
teheoxipJeucnedlforzhton
year.g. g Agood hay-
ing
Rerald:
s