The Sun.
London, England, 1840-07-28 00:00:00


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LONDON, TUESDAY, JULY 28, 1840.

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4 940

PUBLICATIONS.

•
A PPEAL ,TO PUBLIC SYMPATHY
in BEHALF of the DESTITUTE UNPAID BRI-
TISH AUXILIARIES, late in the SERVICE of the
QUEENS of SPAIN and PORTUGAL.
The heart-rending distresses and persecutions to which the
unpaid British Auxiliaries have been exposed from four to six
years, whilst attempting to recover their arrears of lay, after
having effectually assisted to place the Queen of Portugal en
her throne, and to prevent the Queen of Spain from being
dethroned, has led to the Right Hon. the LORD MAYOR of
London, and the four following Bankers, assenting to receive
subscriptions in their behalf :
Messrs. SMITH PAYNE and SMITH, Lombard-street.
Messrs. DRUMMOND and CO., Charing-cross.
Sir CLAUDE SCOTT and CO., Cavendish-square.
LONDON AND COUNTRY BANK, 71, Lombard-street.
Some idea may be formed of the sufferings which have been
and Ire still being endured, when it is considered that from five
to six: hundred thousand pounds are due to the claimants. It
is earnestly hoped that thc. British public, so ready at all times
to sympathise with the distress of Foreigners, will not be behind
hand on the present occasion, in coming to the rescue of their
own countrymen, the victims of treachery and fraud, after
having generously expended their resources, and risked their
lives in the cause of freedom and humanity. It is confidently
expected, if public sympathy responds generously to this appeal,
that the claimants will not only receive temporary relief, but
will succeed in ultimately obtaining the most ample redress.
It would be an act of great philantropy if some humane indi-
viduals would form themselves into Committees of Relief in the
following Towns, where many of the sufferers were recruited,
and are now located, viz. Chatham, Portsmouth, Plymouth,
Liverpool, Cork, Dublin, Belfast, Greenock, Glasgow, and
Edinburgh.
A printed account, with a lithographic illustration of their
misfortunes, may be had, gratis, at Gardiner's, Princes-street,
Cavendish-square.

SPIRIT of the PUBLIC JOURNALS.

This day is published, post Bro. , price Bs. 6d.,
LETTERS FROM ITALY TO A
YOUNGER SISTER.
By CATHERINE TAYLOR.
John Murray, Albemarle-street.

FROM THE MORNING PAPERS OF THIS DAY.
(From the Times.)
The Bill for the Regulation of Cathedrals, as sent up
from the Commons, underwent a discussion last night in
the House of Lords, and was read a second time, after
Counsel had been for two days heard against it. We are
fully aware how delicate a subject this is from its relation
to the most venerable and most venerated of our establish-
ments,. and shall therefore treat it with caution. Our
readers will be pleased to carry back their recollection to
the period at which the commission, whence the recom-
mendation of these cathedral changes emanated, was ap-
pointed by Sir R. Peel; the exaggerated accounts which
were publisher respecting the revenues of the Church, and
the irritable state of the public mind in consequence on
matters eonnneted with our Ecclesiastical Establish-
ment. It must net be forgotten, either, how much
all these unpleasant feelings were assuaged by the la-
bours of the commission, and the general expectation in-
spired by it that some good would result from its ap-
pointment, Yet, no sooner did its reports appear, than
they were assailed with indescribable violence by some of
those who hut a short time before had really apprehended,
with feelings appropriate to so dreadful a calamity, that
the structures themselves of our cathedrals would be left to
sink into decay, and their revenues sacrilegiously plun-
dered by a kind of state mob—the Radicals of the Lower
House of Parliament, Now, such conduct we think both
ungrateful and unwise : for at last, when fury has ceased,
and calm consideration taken its place, it is universally
felt and acknowledged, that something must be done for
the poorer parts of the establishment out of the richer; and
for our own parts, we have seen no plan more feasible than
that recommended by the Ecclesiastical Commission.
There is no plunder of the Church, for in truth the Church
has nothing to lose, and as much remains within its en-
ceinte as there was before ; it has only been subjected,
and that partially, to a somewhat different distribution.
The original Bill has undergone a considerable change in
that officina of changes, the House of Commons—(we wish
we could change it, and make it more respectable in some
of its component parts); but we do not know that it has i
•
been much deteriorated.

Now ready, post Bvo., price 7s. 6d.
vvr A S RING TO N.
Be M. GUIZOT.
Translate 1 by HENRY REEVE, Esq.
" M. Guizot does not come forward With the conceited air
of one who would force his views from a vanity in originating
them, but simply givas his convictions ; being impressive be-
cause ho i 9 himself impressed with their truth—eloquent, be-
cause he himself feels the grandeur of his subject. Admiring
his hero to the highest degree, he is soper in his enthusiasm ;
having viewed the fortunes of a vast country, he appreciates the
influence of Washington, and, after car fully weighing all cir-
cumstances, speaks with the admiratiorrof one whose reason is
convirccd, not of one whose intellect;is dazzled."—Times,
July 15, 1840. •
John Murray, Albemarle-street.

NEW VOLUME OF THE " STANDARD NOVELS.'
On the 3lst inst., handsomely bound, and embellished with
Engravings,
lift R. HOOD'S « TYLNEY HALL."
_int COMPLETE FOR SIX SHILLINGS.
Forming the New Volume of
THE STANDARD NOVELS AND ROMANCES.
Richard Bentley, New Burlington-street.
** Orders received by all Booksellers.

WESTMINSTER. DISCOUNT LOAN,
7 V AND INVESTMENT SOCIETY.

Established pursuant to Act of Parliament.
10, Buckingham-street, Strand.
Notice is hereby given, that the HALF-YEARLY DIVI-
DEND at the rate of 5 per cent. per annum, on the Deben-
Lires of this Society., together with a bonus of '2 per cent. on,
the Deposits made six months previous to the 13th of Jane last
will be payable on the 6th of August next, between the hours
of Ten and Two o'Clock.
Notice is also hereby given that the First Annual Report of
the Proceedings of this Institution is now ready for general
distribution, and' may be had on application to the Secretary.
By order of the Board,
JOHN SIMPSON, Secretary.

(From the Morning Herald.)
It is with great pain that we record the second reading
in the House of Lords last night, of the Ecclesiastical Du-
ties and Revenues Bill. The "contents" to a measure,
involving at no distant day the utter subversion of the
Church of England, were 99; the "not contents" only
48. And this, too, in the House of Lords I Here is ano-
ther btridein the career of revolution. The country sees
Most Reverend and Right Reverend Prelates betraying the
cause of the establishment; while the Mike of Wellington
aids Lord 'Melbourne in dealing the heaviest blow and
greatest discouragement to which the Protestant Chureb
has, in' recent tivnes, been subjected There were riot
. wanting, last night, however, champions of tithe Church to
plead her cause in a manner not unworthy of the sacred
task, wisiclk they: undertook, ,; The Bishop Of‘. Viriehester
spoke against the Bill with admirable eloquence and
poker ; and the Bishop of Gloucester proved him-
self a worthy coadjutor in the same great cause. The
speech of Lord Lyttelton, however, was, perhaps,
the most deserving of commendation of the many
good speeches delivered against the Ministerial scheme of
confiscation. His Lordship, though a young man, is evi-
dently a patient searcher after truth. His stores of in-
formaticn are copious; and his powers as a speaker, of a
high order. Surely, the Archbishop of Canterbury
must have felt rebuked at hearing, in reply to his own ar-
guments in favour of the Bill, the statements by which
Lord Lyttelton proved that the Primate of all England
utterly mistook the nature of his duty to the Church 1
The speech of Lord Melbourne was precisely what all
the speeches of the gay Viscount are. It was shrewd,
caustic, full of worldly knowledge; it was based on the
most grovelling principles, and took the lowest views of
human nature. He regarded the whole affair as a matter
of expediency.
(From the Morning Post.)
The Spectator remarks on the debate of last week in the
House of Commons on Foreign Affairs that the attack of
the Opposition was " deficient in weight of metal, and ex_
tended over too wide a line of operations." Lord Pal-
merston himself avowed a different opinion, for he com-
plained that an attack should have been made by Lord
Sandon, considering the small extent of the charges which
he had to bring against his foreign commercial policy.
The Spectator, however, is nearer the truth than was the
Noble Lord. The Foreign Secretary by himself, or by
his subordinates, is always taking credit for the compara-
tive exemption from criticism which the foreign policy of
the Government enjoys in the House of Commons. It is
pretended that the public ought to infer from thence either
the satisfaction of the Opposition with the policy which is
pursued, or the faultlessness of its character, which leaves
no ground for even plausible complaint. All this is very
consistent with the absurd vanity for which we believe our
Foreign Secretary is more remarkable than for any other
quality, but it is quite inconsistent with truth, and unsupport-
ed by common sense. Since the death of Lord Castlereagh
and Mr. Canning there has been no Commoner of Tory poli.
tics in the office of Foreign Minister, and the consequence
is that Lord Palmerston has an advantage-in the House of
Commons which nose of his colleagues enjoy. There
are men on the Opposition side of the House of Commons
,H.yeto
oirnmi,nehay.rinvteip; n,t
aabeviteetnoenanitthe
the.
ofliethaeds of
Foreign
c o,
Colonial
the
Office.n..
ad
D Teepphaaerrttmm businesseenntt,s of G
oof
ftthho
the
aAdimneiedalatny,d,
„cprelitiche
rEeFif
bayheocmpeprzsikotf the War Office, is ex.
m
Merril-en, who, hav-
ing had tliemselves, the direction of these, departments
know better where a blot may be hit thin it is possible for,
any one' WhO has not had such' experience to know it.
The Foreign Department is not so circumstanced. If the
Viscount Palmerston were in the House of Lords he would
have less boast to make of the slight amount of objection
with which his policy meets, and he would be compelled
to adopt a very different tone of defence from that one of
flippancy and disregard of the objections urged, in which
he is so accustomed to indulge.

WESTMINSTER DISCOUNT, LOAN,
AND INVESTMENT SOCIETY.
Established pursuant to Act of Parliament.
10, Buckingham-street, Strand.
Notice is hereby given that APPLICATIONS for Loans
may be made daily at this Institution' from Nine in the Morn-
ing till Five in the Afternoon, Saturdays. excepted, on which
day the Society's 9Mges close at. Three ,i)recisely., •
By order of the Board,
JOHN SIMPSON; Secretary.

N7ATIONAL•LOAN FUND, LIFE AS-
SURANCE, DEFERRED ANNUITY SQ-
,
CIETY, 2ti, CORNHILT.
Capital £500,000.
Empowered by Act of Parliament.
DIRECTORS.
T. LAAIIE MURRAY, Esq., Chairman.
J. Elliotson, M.D., F.R. S. John Rawson, En.
H. Gordon, Esq. Clement Tabor, Esi•
George Lungley, Esq. Joseph Thompson, Esq.
A Est= oP.s—Dr. 0. Gregory, F. R. A. S. ; Professor Wheat-
stone, F.R.S.
ACT un RY—W. S. B. Woodhouse, Esq., F.R.A.S.
LIFE ASSURANCE.

Besides the perfect security to the policy holder of a large
paid up capital, and accumulating funds, with moderate rates
of premium, the following is one amongst many of the advan.
tages which belong exclusively to the principles of life assu-
rance and deferred annuities originated by the Society, viz.—
Power to borrow, (without delay, expense, or forfeiture) two-
thirds of all premiums paid upon a policy of assurance.

Premium for assuring 1001

MONEY MARKET and CITY NEWS.

(TUESDAY EVENING.)

CHRONICLE.—Tbe English funds, which at the
opening of the market were quoted within a mere fraction
of the closing quotations of Saturday, experienced, about
noon, an unusual and extraordinary change for the
worse; Consols. which were at 91,1 to A for the Account
having suddenly given way to 911, at which price some
large sales were effected, and a complete panic ensued,
in the midst of which some sales were made so low as
90i to for the Account. From this point, however, a
favourable reaction took place, and prices rallied to 91
buyers, closing at 90j- to 91 for the Account, and 90 to 90:f
for Money. Exchequer Bills improved Is., being last
quoted at 245. to 265. premium. The cause of this un-
usual fluctuation in Consols was a report that M. Guizot,
the French Ambassador, and Lord Palmerston had an in-
terview on the subject of the Eastern question this morn-
ing, at which some angry words had passed, and that
the former had demanded his passports. However, even-
tually the phrase was that there had been a heavy fall in
the French Rentes, occasioned by its having transpired
that Russia and England had come to an understanding
with the Porte without the knowledge or approbation of
the Cabinet of the Tuileries.

The Share Market experienced a decline in almost
all descriptions of Railway Shares, but from no other
cause than the u3settled state of the English Stock market,

TIME S.—A decline in the funds to a greater extent
than has occurred for a very long time past has been the
subject of great exiternent in the city throughout the day,
especially in the latter part of it. As usual, speculation
was most active in assigning a cause for it, and the conse-
quence was, that not one only,- but fifty different alarming
reports, got into circulation immediately. From the cha-
racter of the operations, the fall would seem to be the re-
sult of some information obtained at home, andit is also pro-
bable that, whatever the cause may be, its importance is
much overrated, as the market, being naturally much ex-
posed through the trifling amount of business lately trans-
acted, gave way immediately under the few sales that
occurred, bat did not remain at that depression. Among
the jobbers who are in the best channels for information
the prevalent belief is, that the position taken by Lord
Palmerston towards the French Government is the chief
cause in operation, and some of them go the length of
stating that M. Guizot, the F. mei' Ambassador, had an
interview with his Lordship this morning. in which he re-
monstrated in very angry terms against the course taken.
Some go the further length of saying, that M. Guizot
bad demanded his passport, but this is not believed, nor is
it at all probable that any dis.greement between them
could so rapidly have gone thus far, especially since the
affair, in its present state, appears to admit of explana-
tion. Towards the close of business there was an inclina-
tion to repurchase the stock sold, as if the parties con-
ceived that they had over-estimated their intelligence,
whatever it might be. The other rumours related to Spa-
nish affairs, the state of the harvest, and other matters of
that kind, which have been some days before the public,
and could therefore have had no share in producing that
sudden action which the market experienced to-day.

HERALD.—It will be seen that a general de-
pression of the price of all stocks has taken piece to-day,
whatever the more immediate cause. Stock-jobbers are
so little accustomed to speculate upon distant contingen-
cies, or to calculate upon any but events of which the pro-
babilities are close at hand or actually accomplished, that
it may be assumed that the intelligence of a fall in prices
on the Paris Stock Exchange had in reality much more to
do with the fluctuations and depression in prices to-day
than any deep reflection on the uncertain aspect of, and po-
litical changes impending in, foreign affairs. In this
respect the stock speculators of Paris are much wore in-
telligent and apprehensive than their brethren here.
And yet, even to superficial observers, it must be
evident that the foreign relations of the country
arc daily becoming more complicated in almost all
quarters of the world. Old alliances are being cast
cif for new, and the foundation of fresh quarrels is
laying before those already on hand are disposed of.
It was perhaps the discussion in the House of Commons,
and the questions put to Lord Palmerston on the reported
quadruple alliance said to be signed between Russia, Aus-
tria, Prussia, and England, the news of which might be
known in Paris late on Saturday, and for which the people
there would have been prepared by previous treatment of
the same subject in the daily press, which led to the re-
ported fall in the French funds, although the news must
have been received there, it would seem, too late to be
acted upon in the regular hours
,of business. It mighthowever be rendered available' fdr those irregular trans.

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PRICE sd.

actions at Tortoni's after the close of the Bourse and the
departure of the post, which have althost taken the
character and authority of regular exchange business,
and act upon prices there the next day accordingly.
Our Paris stock neighbours moreover are not nice in
the matter of Sunday, and the habitual frequenters of
that coffee-house are as little scrupulous in respect of
stock bargains on that as on any other day. It suffices
to mark the distinction between the two classes of
speculators on each side the water, that here the announce-
ment of the quadruple alliance with the Parliamentary de-
bate thereupon scarcely made a shade of difference in the
quotations of the Funds, whilst with the more mercurial
and sharp-sighted of the same tribe in Paris, it seems to
have been comprehended at once as a point of departure
for operations for a decided fall in prices. It is true that
the insurrection in Syria, as well as the Ministerial revo.
lutisn in Spain pranced by military and popular demon-
strations against the Queen Regent, are events both ad-
verse to the line of policy pursued by France, and so far
compromising the credit of the Government, if not the
pacific continuance of the statu quo. But although these
facts may account for a depression of prices at Paris, it
is difficult to understand why they should operate here in
the same sense, at least to the same extent.

POST—The funds were in a very agitated state tc-
day. Consols for Money were at one moment 908, or
full one per cent. below the opening quotation (91:81 to -.1),
a decline more sudden and considerable than has taken
place for years past. The causes assigned for this change
are various. The appearance of the weather, which is still
less favourable for the harvest than could be desired, and
the reported intention of the Banking Committee to re-
commend to Parliament the curtai:ment of the power of
the Joint-stock Banks of issue, are among the number.
But it is said further that troops have been ordered by the
Government of the Tuileries into Spain, for the purpose
of putting down the ultra-Liberal faction, and that the
French Ambassador, M. Guizot, has during the day had a
serious misunderstanding with Lord Palmerston on the
subject of the affairs of Turkey and Egypt, a key to which
was afforded in the leading columns of the Morning Post
on Friday last. The impression of our leading mercantile
men is that, to whatever circumstance the fall is attribut-
able, it will turn out to be one of an exclusii,ely political
nature.

SUN.—It is a matter of difficulty to account for
tho sudden re-action in the Funds about one o'clock this
afternoon. Various rumours have been in circulation,
any one of which, if confirmed, might have been suffi-
cient to lead to the depression. It was said that the
British Secretary: for Foreign Affairs, aed the French
Ambassador had had a serious misunderstanding on the
subject of the alleged exclusion of Frande from the
:treaty to adjust the affairs'ef Turkey and• Egypt, also
that- the French' troops had entered Spain, and that
very unfavourable news. had come ,to ;hand from India.
At all events the panic which prevailed Was very re-
markable, and was first brought about, we believe, by a
sale of stock to the amount of 100,0001., followed up
by parcels of 10,000/., and 20,000/., in rather a quick
succession. We anticipate a rally to-morrow, al-
though the Bear party undoubtedly musters very
strong. The Consol market opened steadily at 91-g- to
911, fell suddenly to 93a, and rallied this afternoon, and
closed at 90i, and left off at 90 to 91. The Reduced
Three-and-a-Half per Cents. receded from par to 99/,
being lest done at 991 ; the New Three-and-a-Half per
Cents. dropped from 993 to 981, at which they left off,
though nominally / per cent. better, and the Reduced
Three per Cents, receded to 91 Exchequer Bills
were firm at 265. to 245. prem., but India Bonds were
heavy at 2s. prem. to Is. disc.
The Foreign Market was unfavourably affected by
the state of the British securities, but not to an equal
extent. Spanish Active Bonds declined from 261 to
251:, leaving off at 26. Portuguese New Five per
Cents, opened at 3.51, fell to 34k, and left off at 34-ic:
Mexican Stock of 1837 was at 32, and Colombian Six
per Cents. were at a decline to 264 ; Chilian Bonds
rose to 44, but Brazilian declined to 79-1 . Belgian
Bonds were firm at I'os to 105-, and Russian at 116.
Dutch Two-and-a-Half per Cents, were 1 per cent.
lower, viz., at 53.

The Share Market was enlivened by the anxiety of
many parties to sell out. All the quotations were lower.
Great Western Railway Shares brought 3.5, New 141,
Hull and Selby 2, Rackwall North Midland New
2, and South-Western 18a premium. Brighton were
8, Croy don 11, Northern and Eastern 8, Edinburgh
and Glasgow 5, Birmingham and Derby 20, and Eas-
tern Counties 61 discount.

ING EDITION.

that very time t'hc object of warixt-uegotiation with a
Power which finds itself excluded from the compact ! In
the next place it is asserted that • tliis -affair cannot lead
to a disagreement with France. This disagreement, it is
well known to cerybody, existed for many days past; and
it is no less certain that nothing will lead so certainly to a
war with Franca as wounding its national " amour propre"
at a moment when there are other sources of misunder-
standing existing. The disapprobation expressed against
this hole-ana-corner policy by all true.hearted English.
men will be the most grateful salve to the wound inflicted.
Or.e cannot feel astonished that the Treasury journal passes
over, as if they required no observation, certain parts of
your informant's statement which arc the subjects., of the
most de!:cacy and difficulty. —Morning Post.