The Sun.
London, England, 1840-09-30 00:00:00

'the circular of 180,0001. is merely nominal, and we
doubt if the firm ever had half that sum to lose.
The next incident in the career of this bank,
lending money to a patent soap manufacturer, who
then extended his chemical labours to making the
alkali, embarked next in the tallow trade, and
finally wound up by engaging in a sort of pri-
vateering excursion, is as rich a picture of the pro-
gress of speculation as is to be found in our litera-
ture. Messrs. HAMMERSLEY are supposed to
have lost another 80,000/. by this scheme. Altoge
ther the house lost, it is calculated, 260,0001.,
and yet the same authority which gives us
this information tells us that this large sum
was " in the course of gradual liquidation from
continually accruing profits." The profits from
such a business to cover such losses must be
immense; and it would appear that the whole
means of carrying it on consists in money bor-
rowed from those who leave deposits with them, or
who take their foreign circular notes. The capital
embarked in the bank must have been lost, if these
statements be true, over and over again ; yet a
most flourishing trade was maintained on the con-
fidence of creditors, and large profits by that con-
fidence were annually made. The old saying was,
money makes money ; the new art is, to make
money out of nothing : and those who practice this
art, whether in Threadneedle-street or Pall-mall,
succeed far better than ever did the plodding
usurers who increased their store by using money.

and rallied to 73f. 20c. last price, a rise of 75c. The Five
per Cents. opened at 106 f. 10c., declined to 103 f. 70c.,
and recovered to 106 F. 25c., at which they closed, being
an improvement of 65c. For Money the Three per Cents.
are 25c., and the Five per Cents. 15c. better. The Bank
of France, the Belgian, and the Laflitte Bank Shares
are as on Saturday. The Belgian Five per Cents. are
per cent, higher. The Three per Cents. for the Ac-
count 63f. 50c., and 63f. 45e. The Spanish Active is
per cent. higher ; from 23 it advanced to 24k, and
closed at 24. The Passive as on Saturday. The Ver-
sailles Kight Bank Railway Shares have declined 10f.
The Orleans and the Versailles Left Bank 2f. 50e.

The Madrid journals received are of the 22d
inst. On the sth of October the two QUEENS and
EsPARTERO were expected to arrive in the capi-
tal, which the journals represent as enjoying the
most perfect tranquillity.

There is no news of importance in the Paris
Journals of Monday. The National devotes
nearly three of its columns to an examination of the
warlike strength of the Great European Powers ;
and after an enumeration of their population, extent
of territory, debt, and ordinary revenue, arrives at
the conclusion that though France might not be
able single-handed to cope with Great Britain,
Austria, Prussia, and Russia, yet that in the con_
test she could and would revolutionize Europe.
The following extract from this article will show the
spirit in which it is conceived, and the class of
passions to which it is addressed :

First Highest Lowest Last
Price Price. Price Price
Fre,:ch 5 per Cents lei ... 105 10 ... 105 SO ... 106
4}4 per Cents
41rer Cents 9:,' ... 95 ... 95 ... 95
3 per Cents 72 80 . 73 IL ... 72 70 ... 73
Ban': of rudnee 2irt, ...25('0 ... 27:5 ... 2SCO
~,,,tte flank 5,000 f. Sh
) eigian ISank
5 per Colt..
3 per Cents 63 50 ... f 3 50 ... tl3 50 ... 63 .C 1
Spanish ACLIVe 1:71% ... '214 ... V.% ... 24
Passive 5% ... *'a ... 5% ... 5s
Neapolitan
Roman 97% ... 97y4 ... 97 ... 97

RAILWAY SHARES,
Versailles, R. B s7o 370 3170 3ro
L.B.
Orleans
... 435 ... 432 50 ... 432 50
.

The Four Powers represent a population of one hun-
dred and thirty millions, an army of 1,700,000 men, a
fleet of 834 vessels, and a general revenue of two mil-
liards seven hundred and sixty-five millions. It is evi-
dent that, in the event of a rupture and open struggle
with the new coalition, France could not carry on a
war of strategy, a war of battalions ; for, independently
even of alliances, the game would, not be an equal
one. The Revolution and the Empire have shown
what miracles France can perform in extreme cases,
and what an inexhaustible source of soldiers she
possesses within herself'. But there would be great
and criminal imprudence in stakinc, our fate upon so
hazardous a card. There would be more than impru-
dence, there would perhaps be treason in the act.
France has friends even in the bosom of her enemies.
Her right and her duty would be to arm them at once,
certain of thus introducing disorder and anarchy in
the heterogeneous masses, which violence is in vain en-
deavouring to bring under one common yoke. Are
not the auxiliaries to whom we allude known to every-
body ? Who has not uttered the names of Ireland, Po-
land, Italy, the Tyro!, Hungary, Prussian France (we
mean Rhenish Prussia), all those oppressed nations which
have been reduced to the miserable condition of conquered
provinces, and the rousing and liberation of which
would be so many armies on our side ? And even the
English people, corroded by pauperism, would they a
second time give their blood and their gold against that
French democracy, which, by the force of things, is be-
come the palladium of European democracy ? And
have not the people of Prussia before their minds the
fallacious promises of 1813 and the perjury of 1815 ?
There is not a State, even to the hereditary States of
the A.ustrhin monarchy, **kit we could .not .'rouse in
our feveer'hikr,iiientini, oe,iseliies,'he—teriker< iiii"iese.,
thible 'conquerors;" tut 'e-illiiiereinrol ' and • lar,otlAciii:'
'As to' Ruisie, - supposing her' to he fe.no.laised by
her thirst for conquest, is it probable that Germany
' would, without taking fright, see that power pass over
' her body in order to fall upon us ? If, to the difficulties
' of our position, France compact, free, and independent
at home, strong by tier physical position, and still stronger

. •
by her moral position, and the homogeneousness of the

oletuents which constitute it, there will be entire confi-
dence in ber power and in her good star. Would to
God that the men who arrogate to themselves the right
of governing her, had the intelligence, or at least the
instinct, of her greatness! Happy would it be if they
did not immolate her glory and her interests to sordid
calculation, and a base ambition !"

HAMBURG BORSENHALLE, Sun*. 25.
Bills. Money.
Austrian 5 per Cents.
Bank Shares
A zlo-ussian Loan lo7li 11',7%
Russian 5 per Cent. st! series, Certificate
Inscription, Ist Se; ies lO2
Russian 5 per Cent. Hop, and Co. 3d and 9th
Series 97% 97
I)itto in Certificates
Dutch Actual Debt, 2% pc, Cent 49% 49
Ditto 5 per Cent — -
Polish Bondi
ES ON LONDON. 142
New I icket
Anglo- Danish Loan, 3 per Cers.
Norwegian Loan, 15434, 4 per Cen:~,
—Two months, 13 2%
...
eswErrf3;xt.,:ct:4—Aelllilts44
PET BURGH, SEPT. IS. —Two months, 39% pence.
Spanish,
ST6CeIiuLM, SEPT. IS.—Seventy.five days, 11. 34.
BERLIN, SEPT. 22. —Three months; 6.16%.
HAMBURG,

MONEY and COMMERCIAL NEWS

CITY, TWELVE O'CLOCK.

LIVERPOOL COTTON MARKET, TOESDAT,t—
The transactions to-day have been to a limited extent
at previous rates ; the sales 3,000 bags to the trade.
LIVERPOOL SHARE LIST, SEPT. 29.—astern Coun-
ties, 20i ; Glasgow 'and Paisley, 19 ; Grand Junction
Half Shares, ; Quarter Shares, 56 ; Great Wes-
tern, 82i 83 ; Liverpool and Manchester, 186 ; South
Western Market steady—prices not quite so
good as yesterday.

New York papers to the Bth September have been
received by the racket-ship Roscoe :
STATE OF TRADE.—The jobbers of hardware have
done, during the month of August, a better business than
for several months previous, but not in amount equal to
August of last year.
The prices of hardware and cutlery are now lower
than ever. Stocks are large for the amount of business
doing.
The dry goods business remains much the same : the
great mass of the jobbers arc doing literally nothing,
while a small portion are doing good business in the ge-
neral market. There has been a steady business, with
a disposition of improvement in prices.
The shipping business begins to slack, as the crops have
mostly gone forward ; the cotton crop of the past
year has required for its transportation 233,000 tons
more than the previous one. Tile growing crops will
be less than last year's, perhaps equivalent to 50,000
tons.

c have received Montreal Papers to the 6th Sep-
ember :

SEAT OF GOVERNMENT.—We believe we may state as
a fact that Kingston is to be the seat of Government for
the Upper Province, or rather, we should say, the mili-
tary head-quarters. The troops in the Upper Province
will be commanded by an officer with local rank of Ma-
jor-General, who, in addition to his pay, will receive
from the Colonial Fund the sum of 1,0001. sterling a
year ; he will administer the Civil Go vernment as Lieu-
tenant or Deputy to the Governor of Canada. Mon-
treal is to be the seat of the General Government.
Comparative State of the Arrivals at the Port of Que-

bee in 1839 and 1840.

August 28, 1840 ... Vessels 824 Tonnage 257,409
August 28, 1839

More this year
Quebec Papers rtceived to, the 3d September ; their
contents are unimportant.

THE FUNDS.

The election for the Lord. Mayor for the ensuing
year occupies the general 'attention •in the City this
morning, in consequence 'of Which- both commercial
aftairs and speculation in the funds are almost neglected.
This being'settling day in the Foreign Market the
brokers and jobbers are busying in paling and receiving
their balances. Up to the" present time we, do not.-
epr of and 3inisthief 'nennyrrdiin the,niorket.
`''rho British' blitiSFO.Watipotitoo4e this•
morning. ' • Console, off, 'yOstercloyi foi,
the Account, have improved to 881 ; for •Money
88i 1. Exchequer Bills, 5 7 prem. ; India Stock,
246 248 ; Bank Stock, 166 1671.
In the Foreign Market Spanish Active has also
taken a start, left off at 231 ;at present 22-i. ; De-
ferred, 11 ; Passive, sft ; Colombian, 223- 23 ; Bra.
zilian, 77 79 ; Mexican, *25- ; Portuguese, 32 33:1- ;
Portuguese Three per Cents., 2I 221 ; Dutch Two-
and-Half per Cents. 501 ; Five per Cents. 99 100.
Shares—Great Western 18 20 prem. ; London and
Brighton, .10i 4dis. ; Blackwall, 31 2,i dis.; Bir-
mingham 7.5 78 prem.: SOuthainpton .52 54 per share ;
Croydon 11f per share ; Greenwich 6 7 per share ;
Manchester and Birmingham 14 12 discount.
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. Paid. Per Share.

The Constitutionnel doubts the accuracy of the
intelligence from Alexandria, relative to the depar-
ture of the Consuls-General of the Four Powers.
We have learned from another source that only
Colonel HODGES left Alexandria for Beyrout on
the 7th instant, and that when the mails left for
Marseilles the flags of the Four Powers were still
flying over the Consular Establishments.
FORTIFICATIONS OF PARIS.--AS far as can bejudged
by the lines traced out at several points, particularly to
the west and east, the fortifications will be within musket-
shot of the wall. At other points they will be much fur-
ther off. These fortifications will be composed of re-
doubts on every elevated spot, and of intermediate bas-
tions and curtains, constructed according to the strictest
rules. Several of the detached forts will be connected
with the inner works. The villages on the right bank of
the :fiver, which will be subjected to the consequences
of being within a certain distance of a fortified place, are
Auteuil, Boulogne, Neuilly, Clichy, Aubervilliers, Pan-
tin, Romainville, Bagnolet, Montreuil, Vincennes, the
half of St. Maude, Confians, and Charenton. As to
Passy, Les Tnernes, Les B Itignolles, Clignaneourt, La
Chapelle, La Villette, La Petite Villette, Les Pres.
Saint-Gervais, Belleville, Menil-Montant, and Cha-
ronne, they will be annexed to the capital by these
fortifications, as well as the other half of Saint Maude
and Bercy.
Notice has been issued by the Minister of Public
Works that tenders will be received to-morrow week
from persons wishing to contract, in twenty lots, for
making and furnishing huts for the troops to be employed
in fortifying Paris.
The Havre papers state that the works for repairing
and extending the fortifications of that place are going
on rapidly, and that the small battery at the Rond
Point Vidame, opposite the Tour de Francois Premier
at the entrance of the harbour, is nearly finished.
The Courrier of the Lower Rhine announced on the
authority of private letters, that the Government of
Germany had just prohibited the exportation of horses.
Tbis statement is not true ; 3,000 horses have already
been landed at Dunkirk, several thousands are expected,
which are to enter France by the department of the
Moselle ; others arc on their way to Hagenan. Before
the end of Oe'obcr the contracts will be completed.
The letters from the frontiers express this hope.
The Governments of Germany have no interest in
provoking France. However, if they should forbid the
exportation of the horses which we have purchased on
the faith of treaties and of the Legislature which is in
force on the other side of the Rhine, they would commit
an act of hostility against us. This measure would be
equivalent to a declaration of war. But Prussia is too
prudent to go so far in espousing the quarrels which may
arise from the execution of the treaty.—Le Commerce.
We are assured that the Minister of War has just
given orders to have the barracks at Bastia put into a
state to contain 2,000 men. We see with pleasure this
first indication of measures for the defence of Corsica,
which are extremely necessary.—Temps.
The Reparateur de Lyons, of the 26th September,
says—" A letter from the department of the Loire in-
forms us that domiciliary visits have taken place at St.
Etienne, at the residences of Messrs. Duchet, Advocate
Grangeasse, editor of the Anti des CEuvriers, Blausube,
Physician, and of the chief editor of the Journal de St.
Etienne ; and at Montbrisson, the residence of M.
Nermon, Advocate. These steps have been taken by
virtue of authority from M. Zingiacomi, in order to
i search for proofs of an affiliation with secret societies,
for the purpose of overthrowing the Government.
•' It is said MM. Duchett and Nermon hava fled."
The Courier of the Lower Rhine, of the 26th says :
" We learn that the Grand Duke of Baden has not
only called out the whole of his reserve, but even ap-
pealed to the discharged veterans who served in the wars
against France. Above 1,000 of the latter have en-
listed."
On the other hand, we hear that numerous promotions
take place among the Generals in the staff of the Aus-
trian, Prussian, and Bavarian armies. These facts suf-
ficiently prove that the German Government are re-
solved to be prepared against every event.—Le Consti.
tutionnel.

Bristol and Exeter
Eastern Counties
Great Western
Ditto New
Loudon and Blackwall
London and South Western
COURSE OF EXCH
Amsterdam CF. )2 4
Ditto, at sight
Rotterdam 2U. 12 4i
Antwerp ....... ....... 12 4
Hamburg... ...... M.B l3 10
Altona
Paris, 3 days' sight 25 30
Ditto, 3 months 25 50
Marseilles ... 25 50
Bourdeaux

50 ...... 26i.. to
23..... 11i to—
.
65
. 40
. 20 17i to
381, s3} to 52 53
IGE—(YESTERDAY).
[ Gibraltar 4B
I Leghorn .
Genoa .
Milan
Venice 47
Naples 4oi
Palermo, per oz 1224
Lisbon 521
Oporto 53
Rio Janeiro..

Frankfort on Maine 1491
Petersburg, 3 Us 371
Berlin

Bahia
Buenos Ayres
New York, 21 days' sight 461

Vienna, effec. fl. 3 M 1 2
Trieste, ditto IO 4
Madrid 34
Cadiz 36i
Bilboa
Barcelona ............
Seville 36i

Philadelphia - 46
PRICE OF BULLION, PER OZ.
Portugal Gold Coin £ 8 17 10:
Foreign ;Gold, bars 0 0 0
New Doubloons 0 0 0
New Dollars 0 4 11
Silver in Bars 0 0 0

HALF-PAST ONE.
From the New York Papers received this morning :
" AQUEDUCT BLOWN UP.—The aqueduct of the
Welland Canal, which crosses Chippewa Creek, was
blown up early on Saturday morning, with a terrible
explosion, while two schooners were in it, one of which
settled down in the chasm made by the explosion ; the
other fell over on her beam ends. The navigation is, of
course, stopped until the damage can be repaired.
There is every reason to suppose that it was the work of
the miscreant Lett, who recently made his escape, while
on his way to the residence of such scoundrels at
Auburn."

The settling of the Foreign Account appears to be
going off easy to the present hour ; money can be ob-
tained in the house at 5 per cent.
Consols continue very buoyant, and have reached
881 -a for the Account. This improvement is owing to
a letter from Mehemet Ali to the Grand Signor, beg.
ing of him to grant Syria to him for life. Consols
lor Money 88i
2 : Exchequer Bills, 5 7 prem.; Indian
Bonds,6 3 dis.
33/1 1 ; Colombian, 221
Brazilian, 784.
In the Foreign Market Spanish Active has been
done at 23 ; Portuguese
In Dutch Stocks nothing done.
In Shares little doing.-- Bristol and Exeter, 26i ;
Eastern Counties ;,11 I
Great Western New Shares,
46i ; London and Blackvvall, 174-

in James-street, his morning, at one
fihrours, destroying
—..................-----__T
DESTRUCTIVE FIRE.
o'clock, a fire broke out in the drying-rooms belonging to
Messes. Taylor and Richards, wadding-manufacturers,
residing it Camberwell New-road, near
Kennington.common, which, from the extensive stock of
combustible goods, burnt with unabated fury for three
sisting of council-
room
originated from the overheating of the drying-rooms
by pipes. The damage sustained is considerable, both in
stock and premises, which are insured.
An
a great portion of the buildings. The
ornamental building in the Swiss style, con-
room brides, and keeper's cottage, is
now building in St. James's Park, for the Ornithological
Society of London. The site is nearly opposite the Horse
Guards.
On Saturday as Mr. Francis White, son of Lieu-
tenant-Colonel White, of Swanage. Dorsetshire, was in
the act of loading a double-barrelled rifle, it unfortunately
exploded, and the ball, together with the iron ramrod,
entered his mouth and passed out at the upper part of the
back of his head. This amiable and gifted young man,
who was so suddenly hurried into eternity, was paying a
farewell
..,
visit to his relations and friends, previous to his
departure for Australia. His afflicted mother is not ex-
pected to survive the dreadful shock.
PONTIFICAL STATEs.---A Toulon Corre-
spondent of the Courrier Francais, in mentioning the
reported disturbances in the papal States, says that the
Pontifical Government has demanded the intervention of
Austria. Major Stuart, an English officer in the ser-
vice of the Pope, is stated by a letter of the 12th instant,
from Rome to have left that city for Civita Vecchia, with
three other engineer officers, to direct and superintend
the repairing of the citadel, which it is estimated will cost
15,000 scudi-78,750 francs.
THE HEIDELBERG TUN.—A fatal accident
occurred net many days since at Heidelberg, when a large
pat ty of soldiers having gone to see the famous tun, many
of them mounted to the top, and, the balustrade ;jiving
way, several of them were precipitated to the ground and
much injured, while one was killed on the spot.

BO LASE,—PARIS, MONDAY, SEPT. 28.
HALF-PAST TIIREE,—The rumours circulated on Sa-
turday not having bee.: confirmed, the French stocks, with
little done except near to the close, when there Walt a
little business, have rallied. For the Account the Three
per Cents, opened at 721. 80e., declined to 72f. 500.,

THE MN, LONDON, WEDN_ERn NY, SEPTEMBER 30, IP.4n.

THIS DAY.

COkN EXCHANGE

ELECTION OF LORD MAYOR.

The polling commenced this morning at nine, and
has been carried on with great spirit. The following is
the state of the poll up to three o'clock :
STATE OF THE POLL AT TWELVE O'CLOCK.
Alderman Harmer ... 705
Alderman Pine
.Alderman Johnson...
AT ONE O'CLOCK.
Alderman Harmer .
Alderman Pirie
Alderman Johnson...
AT TWO O'CLOCK.
Alderman Harmer..
Alderman Pirie
Alderman Johnson
AT THREE O'CLOCK.
Alderman Harmer
Alderman Pirie....
Alderman Johnson

863
905
908

..... ... 1,014
1,105
1,104

..._ 1,147
1,261
1,257

THE MARKETS.-(THIS DAY.)

Since Monday the fresh supplies of Grain have been
moderate. There was little done in the Wheat trade.
Oats were somewhat cheaper, but other Grain as on
Monday. The millers have reduced the top price 'of
Flour to 60s. The probable duty on Wheat will be
18s. Bd. In the Hop and Seed trade very little done.