The Sun.
London, England, 1841-10-04 00:00:00

FALKIRK.

-- •
On Menday last another meeting of our Stentmasters
was held on the all-engrossing subject of the Corn-laws.
The Stentinasters are chOsex by the raerchants and trades
for the Purpose of assessing the inhabitants to supply the
town with water. &e., and they continue in the manage-
Merit of the town's affairs until our (hitherto nominal)
wn-Council shall be empowered to enter on the dis-
jiarge of their appropriate functions by the proposed
new Municipal Bill. It was agreed, at the meeting of
Monday, to memorialise the Queen against proroguing
the present Parliament, until the Corn-laws is subjected
to a thorough legislative revision. The votes here—for
Mr. Gartshore's motion, adopting the mem Id, 12; for
Mr. James Aitken's amendment, for rejeeti 5.

MONEY MARKET and CITY' =NEWS.

FROM VIII ItIOUNING PAPER 6 OF TID Y 3 D.Y.

TlMES.—Private letters from Philadeli )him. speak of
the acts dl the extra Session of Congress it. terms of
satisfaction, not so much from the merits a the mea-
sures that have become law, as from the fa et that they
hare set many agitated. questions at rest.. 'Thus the
Land Bill, though there are different opinio tut us to the
advantage it will bring to the States, has set tle 1 a ques-
tion with which every succeeding Congress has been oc-
cupied, and the Bankrupt Bill disposes of cone that has
been in agitation for 30 yew's. The Bev( it ate Bill,
being but a temporary measure, is still expect el to be a
fruitful source of discussion at the regular r.• Session
of Congress. In these letters a wonder is impressed
that the price of " United States' Bank" tihztres is
really so high as it is, since the notes are at 30 I discount,
and it cannot be expected that the stock will boar any-
thing. The difficulty may be solved by the cir etnnstsince
alluded to yesterday, that the stock has but . t vane* as
an instrument of speculation, which has no rc:rent' e .to
its intrinsic worth. The ruin caused by the /failure of
this infamous institution has been dreadful. a milt 1: as
fallen upon those who were totally unable t o bear i.
Many persons in Philadelphia are described t s having
for many years lived on the dividends as their I only pro-
perty, and these are now thrown into a atal i of utter
destitution.

HERALD.—Nothing positive has yet trai itpired fur-
ther than what was known before respecting the discre-
ditable. operations in Brazilian Stocks by wile: i the credit
of that empire has been nefariously trifled T, 'tat by un-
principled speculators who, by some means c r other, be-
came cognisant of the fact that the fand s -weee not
forthcoming, or were kept back from some ceeelvi or other,
for the payment of the dividends on the 'l4 current.
It is, however, understood that tome of the habitual
dealers in Brazilian Stock on the Stock liichange
ure on the . scent of the , parties who ware the chief
operators there, and, from the brokers en iployed, it
surely cannot e impossible to get at the. principal
or principals, if more than one. In some q aarters the
party, for some affect to believe that one prey. only was
concerned, is already guessed at with, it is conceived,
tolerable certainty, but whether the guess be founded on
any evidence more or less direct, or is merely presumed
from former disreputable transactions of the male kind,
and the consequently damaged character of the person,
does not appear. The various loan agents -of the Bra-
zilian Government will be and are no doubt anxious to
forward the objects of inquiry, and to afford every in-
formation in their own power which may assist in arriving
at practical results, for such is not only the straightforward
course of their duty, but also it is a matter which would
seemp concern their own interest and reputation, as capita-
lists and loan-contractors, that the credit and honour of
Brazil should not be suffered to be idly or fraudulently
sported with by any party who by chance, or from some
necessity real or imaginary, was so far admitted behind
the scenes as to become cognisant of what was going of
and therefore was aware of the probability of the non-
payment of the dividends. That the confidence of the
Brazilian Minister has been abused, and the embarass-
ments of his position taken advantage of in some unscru-
pulous manner, there can be no question, whilst it will
not be denied that the result is a " heavy blow and great
discouragement" to the credit of Brazil.
POST.—The Morning Chrortith has systematically
defended for some time past the injurious conversions at-
tempted to be forced by non-paying States on their fo-
reign creditors, and its, countenance of such proceedings
has, we do not hesitate to say, greatly damaged the in-
terests of a vast number of British sr.bjects who have un-
fortunately allowed themselves to be ensnared in the
toils laid for them by foreign tricksters. The . Chroniek
has done its best within the last two or three
weeks to justify the alleged attempt of Senor ltull
to put the Treasury . billholders of Spain upon a
footing of equality with the holders of the ordi-
nary stock. We have shown over and over again
that the special guarantees of the Treasury bill-
holders are such as to entitle their claims on the Spanish
Government to be considered apart from those of the
general mass of creditors. There are but too many in-
stances of broken faith in the case of the ordinary claims
of foreign bondholders on record, but any lapse as re-
gards Tresiiry paper was unknown until Spain and Por-
tugal gave us examples. . Portugal has some amount
standing over, as well as Spain, but Portugal has, at all
events, done herself the credit, and foreigners the justice,
to pay up the interest accruing upon her Treasury bills
with the strictest punctuality. Spain has paid nothing,
and when it was given out that the Treasury bills issued
through her Ambassador and Sir Isaac • Lyon Gold-
smid were to be confounded with the' interminable
claims of the general creditors in a three pee ee.nt.
scheme of capitalisation, and the act. 'was loudly com-
plained of, the Morning Chronicle gratuitously stepped
forward as an approver of the measure. What, then,
must be the mortification of the conductors of that paper
to find that Senor Rull, however niuch he may have laid
himself open to censure by the long silence he has ob-
served upon a subject so vitally affecting': the honour of
his Administration, repudiates with expressions of scorn
the advocacy they have volunteered of the criminal in-
tention ascribed to him ? Senor snuff his never, it
seems, once contemplated any reduction of an emount
of the claim of the Treasury billholders.