The Sun.
London, England, 1841-02-06 00:00:00

EGYPT.

Our express from Alexandria, by the Oriental steamer,
brings the gratifying intelligence that the Turkish fleet
bad all left the harbour, and set sail for Marmorice, under
the orders of Admiral Walker. The British steamer
S r.,mboli, and the Egyptian steamer Nile, had been
continuously employed during the 19th, 20th, and 21st of
January, in towing them outside the reef. The greatest
activity and co-operation prevailed in the work, inso-
much that the fleet was under sail in ten days after
the firman was read for its restoration ; one half of
the time in which the Egyptian Admiral declared it
possible to accomplish it, and one sixth of the period in
which the Turkish and English officers expected it. Six
vessels sailed out on the first day, after which
Mezloum Bey (the new Turkish Commissioner) delivered
to the Pacha a letter from the Grand Vizier (received by
the Sultan's steamer Tahiri Balliri two days before), stat-
ing that the Porte had granted the request made by its
Allies to confirm Mehemet Ali in the hereditary Paehalic
of Egypt as soon as the fleet had been delivered. The fir-
man to ratify this concession was expected to follow, as
soon as it was known at Constantinople that the fleet had
arrived at Marmeriee. On the evening of the 21st of
January, only Admiral Walker's flag-ship, Nusretieh (the
Victorious) remained in the harbour ; and that was pre-
paring to sail out on the morning of the 23i of January,
together with the Sultan's steamer Tahiri Bahiri, bearing
the Turkish Commissioner Mazloum Bey, who returns
forthwith to Constantinople.

The Pacha was about to visit Cairo and his estates in
the Delta, in which such mismanagement and defalcation
had lately been discovered. He had gr anted free per-
mission to the Oriental and Peninsular &earn Company
to introduce their steam-boats on the Nile for the con-
veyance of their passengers between Rosetta and Cairo, and
had, meantime, placed his own steam yacht at their ser-
vice, for the accommodation of 43 passengers who went
out in the Oriental, and were anxious to reach Cairo to
proceed under escort with the mails across the Desert.
23 passengers from India arrived in Alexandria on
the evening of the 221 of January, and sailed for
Malta next morning. The Oriental, which left Fal-
mouth on the 21 of January, only arrived at Alex-
andria on the 18th, before day-break, having been
detained three days at Malta for the mail. The
times occupied in steaming from port to port were—Fal-
mouth to Gibraltar, 4 days 201 hours ; Gibraltar to Malta,
3 days 224 hours; Malta to Alexandria, 3 days 13:i hours;
total time at sea, 12 days 91 hours. The Oriental left
Alexandria with the Indian mails and 23 Indian passen-
gers on the 231 of January ; Lord Jocelyn was in company,
bearing despatches for the Government.
On the evening of the 21st of January the Cairo tele-
graph and an overland courier had both announced to Me-
hemet Ali that " Ibrahim Paella and his army had arrived
at Ramley, near Gaza." A large transport was loaded
that night with provisions for the troops, which were
stated to be in great destitution and disorder. Next morn-
ing the Pasha's steamer Nile, and the prevision transport,
were de,patched to Gaza to relieve the army, and return
with Ibrahim to Alexandria. Said Bey's corvette had
also sailed at the same time with 30 Egyptian naval offi-
cers to Marmorice, to assist in the conduct of the Turkish
fleet to Constantinople.
It was industriously reported that Mehemet Ali had re-
paid the 60,000 dollars which ho found in it on its arrival
in Alexandria; but this is not true. Neither had he paid
off the Turkish fleet. The sailors had received one
dollar each, but were still owed three months' pay at their
departure.

The plague bad broken out in three villages in the
)elta, and it was suspected in Rosetta also. It con-
Lnued in Alexandria, but had not increased there.

Arrangements arc in progress for the dissolution of the
redif, or national guard of Alexandria, which, it is be-
lieved, will take place on the Ist of Moharem, 1257, the
Turkish New Year's Diy, corresponding to our 20th
Februz.ry,
Commodore N2pier remained at Alexandria, waiting
further orders. He had frequent interviews with the
Pacha respecting commercial arrangements, acd the fulfil-
ment of the Treaty of Balti-Liman, in which the Paella
had made some progress. He and the Commodore agreed
very well on the practical points that came under dis-
cussion, and it Wail believed they would soon visit Cairo
together.

ALEXANDRIA; JAN. 22, 1841.
On Monday, the 19th, Mazloum Bey read to Mehemet
Ali a cautiously worded letter, announcing to him that he
might expect the hereditary government of Egypt. This
caused the greatest satisfaction, and during the whole of
the evening the Pacha was thoughtful, but evidently in
cheerful spirits. The firman of the Sultan is daily ex-
pected ; and Mehemet Ali said to Mazloun Bey, that he
hoped be wool'. duly report the alacrity which was dis-
played in complying with the wishes of the Sultan.
On the 19th the Stromboli arrived here, with despatches
for Sir Charles Napier, and with a view of rendering as•
sistance in towing out the fleet. Four or fire were towed
out on the 19h, and during all the 20th the Nile steam-
frigate, the Tahiri Bahiri, commanded by Ford Bey, and the
Stromboli, were busily employed in this difficult and delicate
operation. Screral of the larger vessels grazed the bar,
immense
Mahmudie all happily got out without accident. The
Mahmudie watt towed out yesterday morning by the Pacha's
steam-frigate the Nile. The splendid double-banked
frigate remains in port till to-morrow.
The waste lands in the province of Sharkyc aro to ba
allotted to the Egyptian army, when it arrives, and the
immediate cultivation of them by the soldiery of Ibrahim
Pacha is the wisest measure the Pacha could possibly
adopt. The Pacha intends to introduce the system of mili-
tary colonies resembling those of Southern Russia. The
wisdom of this is problematical.
The Pacha is determined to apply all his power to the
internal government of
.Egypt on the most wise footing;
trade is to be thrown open, cultivation is to be increased,
the conscription is to be modified, the Ferdeh or Poll-
tax is to be diminished this year, and to be abolished next
year. M. Mimaust, the Freach engineer, is to 1)3 in-
structed to make an immense addition to the irrigation of
the country, and economy and agricultural industry are to
be the order of the day.
The dissolution of the National Guard has spread general
satisfaction among the poorer classes; and if the Pacha
cut down all his military and naval establishments, and
keep them in a state adequate to retaining the country in
order, nothing more is required.
The Tahiri Bahiri starts to-morrow with Admiral
Walker and Mazloum Bey, and the Pacha starts for Cairo
in a few days.

(From a Supplement to the Malta Times of Jan. 28.)
NAVAL INTELLIGENCE, MALTA.
The Hydra, Commander R. S. Robinson, from Mar-
seilles, arrived the 26th inst.
The Hagi Baba arrived yesterday from Leghorn, which
she left on the 27th inst. An English schooner, the
Shannon, also left the same place at the same time, and
arrived a day before.
The Neapolitan steamers have recommenced running
between Malta, Syracuse, Messina, Tropea, Naples,
Civita-Vecchia, Leghorn, Genoa, and Marseilles. The
Francesco Primo arrived here on the 21st, and sailed again
on the 23d inst.
on th
The Asia, 84, will leave for England next week, and
the Pique will follow her very shorcly. This latter vessel
is sent home under jury masts, the Malta dockyard being
unprovided with spars to replace thos,e
wcuitth_awnaly
officers
c
coast of Syria.
The Medea is repairing her starboard paddle, and will
commissioned offinceers and
not be ready for sea fc.r another fortnight.
Her Majesty's troop-ship Sapphire
13
officers ajor Gordon, and
and their families, 343 non.
privates, 43 women and 95 children, of the 59th
ale and their Re-
giment, under tho command of M •
the Cornwall transport with
fami-
lies, 409 non-commissioned and privates, 24
of the 92d Highlanders,
women and 44 children
under the command of Lieutenant_Colonel"s
sailed from this port 'or
23d instant, and have had ever Barbadoes on Saturday, the
i sale from the northward and
er since an uninterrupted
au westward. Th© last-men-

yet.

•\'' 2.c.•,,-'1 • ' . •
EVENING El) . 9:pkiey

tioned vessel was close off the harbour's mouth- on Sun..
day afterno n, but at neon on Monday was considerably
to leeward of the island under close-reefed topsails, with
1 signal flying (No. bti from Marriatt's Code), Who is
the Admiral at the station ?" either a joke of the soldier
officers or a mistake.
The Meteor, French steamer of war, which left Algiers
for Marseilles, put into Malta, in great distress, on the
27A1 inst. She was laden with invalids.
The Ganges arrived from the Levant on the afternoon
of to-day. The Implacable was also signalled. The
Hydra went out of harbour this morning in search of
wrecks on the co3st of Malta. She came in again in
the evening, as the Alecto loft, at half-past 4 o'clock, for
Marseilles
An absurd rumour was got up, without any foundation,
that the Cornwall transport had gone down, with the head-
quarters of the 92d Royal Highlanders on board.
When the Alecto, which was the bearer of the India
mails, left Malta, several line-of-battle ships were coming
in from Marmorice Bay—amongst others the Ganges and
Implacable. Admiral Stopford was also expected.
The Oiiental steam-ship suffered considerable damage
in her passage from Alexandria to Malta by bad weather,
having carried away part of her bowsprit. She was four
days and a half making the passage—a day beyond her time.

MONE Y MARKET and CITY NE WS.

(FRIDAY ErENING.)

HERA L. D. --The Funds are still drooping, and Con-
sols d-clined again to-day, the closing prices being 88,.i to
89 for Account, and 88i to for Mone„k, The causes as-
signed for the heavy state of the Market tc-day were the
col tin-nation of the unpropitious news in respect of bank-
ing tricirs in the United States, as to the United States
3'nk at leis', and the reported unfavourable complexion
of the estimate which it was expected would be laid before
the House of Commons this evening. It may however be
doubted if the cause do not lie deeper than what is here
a: signed.
The papers from the United States brought by the
Cambridge Were delivered to-day. They contain the ex-
pected statement of the affairs of the United States
Bank, as laid before the Shareholders at the annual
meeting on the 4th ultimo in Philadelphia. Tires do-
cument is undoubtedly of unusual interest, and more-
over of unusual clearness and honesty, although there
arc still points of great importance which require to
be made plainer before the real state of the case can
ever yet be understood. It has been objected here-
tofore on occa,,ion of similar documents, for instance that
the bill recount has been presented as a whole, and with-
out classification, as if all good and available. This was
clearly deceptions, and something worse, if done with an
intent. The fact is proved in the present instance, for
this account is now separated into two parts, from the ex-
amination of which a vast amount of loss is at once appa-
rent in this single branch alone. The case, it may be ap-
prehended, would be worse still if the bill account bad
been classified, as it ought to be, into three parts, instead
of two ; that is, ii it had shown not only the " suspended"
bill account, but had distinguished in the statement of
" active" bills, such proportion of these es were bills re-
newed, and therefore doubtful, from those which were bills
in the regular course of discount and good. Taking the
account as it stands the following results appear. The first
item of the assets consists of active bills discounted, as-
sumed as good thus:—
Total Active
Suspended Bills 9,799,800

:t iseiident that these "suspended" bills should be es-

timated at a total loss, as consisting of securities the
parties responsible for which have long been insolven*,
and therefore the recovery of the amounts past hope.
The Committee of Inspection appointed at the meet-
ing of stockholders estimate the whole probable lcsss
upon the " suspended" bill debt and real estate at
sJmething less than 5,000,000' dollars, but upon what
foundation does not appear. For there can be little
doubt, as before said, that the whole 9,799,800 dol-
lars of suspended bills are irrecoverably bad. Of the
" active" bills there will most probably be no incon-
siderable proportion in the shape of renewed bills of no
greater value. The bill account, now certainly stated
with a better approach to precision, but still not suffi-
ciently explicit, has, it will not be forgotten, al says be n
viewed as a pecu'iar feature in the bank's accounts most
liable to suspicion, and the event has not only amply justi-
fied the suspicions expressed but leaves doubts behind yet
unexplained. Taking the case as it stands, in this single
bill account an actual amount of loss is exhibited more
than equal to one-fourth of the 35,000,000 dollars. consti-
tuting the original capital of the bank. The cilitsiderati n
of this fact is quite sufficient to account for t% heavy de-
preciation in bank shares immediately consequent on the
publica•ion of the bank report in New York and Philadel-
phia, and before noticed in the scanty aivices which came
to hand from the Cambridge when weather bound off Cork.
a'he consideration of the other portion of this Eyck state-
ment must be postponed for the present, but will be re-
sumed on another occasion.

SUN.—Thera was a heavier market for the Eng-
lish Stocks to day. The correspondence between Mr.
Fox and Mr. Forsyth on the subject of Mr. M'Leod's
imprisonment had an unfavourable effect, and the anti-
cipation of increased tightness in the Money Market,
both here and at Paris, when the new loan comes out,
tend to increase the depression. Consols for immediate
transfer receded from 89 to 884, and for the Ac-
count from 891 to 88-4- and 89. The market left off
heavily. Bank Stock was rather better, viz., 165, but
East India Stock dropped from 248 to 247. Exchequer
Bills were steady at 3s. to ss. premium ; the Reduced
Three and a Half per Cents. ranged from 98 to 98i ;
end the New Three and a Half per Cents, from 9174
to 971.
There was nothing of any interest stirring in the
Foreign Market to-day. The Active Spanish Bonds
realized 24i to 24 ; Portuguese New Five per Cents.
31i to h, and the Three per Cents. 20,i to 191. he
South American Bonds were scarcely dealt in
at all. Peruvian brought 163 to 16i ; Buenos
Ayres, 21 to 23 ; and Brazilian, 721. Dutch
Two-and-a-Half per Cents. ranged from 50 to
50k. The Amsterdam mail brings prices as lower on
Tuesday, the Two-and-a-Half per Cent. Stock closing
at 50 1-16 ; Danish Bonds realised 78f.
Wo have to notice a heavy market for the Railway
Shares, and lower rates. Great Western brought 25 ;
the Ncw 11 to 114 ; the Fifth 5 ; and the South
Western 19i to 18a premium ; Brighton Shares Isere
7 to 71 ; Eastern Counties 15 ; and Edinburgh and
Glasgow 54 discount ; Union Bank of Australia Shares
were 84 ; aed London Joint Stock 2i premium.
The rates for bills of exchange on the Continent were
heavy again this afternoon. On Paris the quotation was
.151. 50c. to 55c. ; on Hamburgh 13 7 ; and on Am-
sterdam 12 21.
The season for the re-opening of the navigation of
the St. Lawrence is looked forward to with considerable
interest by those connected commercially or otherwise
with the British Provinces in North America. It is
expected, now that the. Canadian Government has an
accredited agent in this country for emigration purposes,
there will again be even a more considerable addition to
the population of that noble possession than there was
last year, through the indefatigable exertions of Dr.
Ralph, and it is unquestionable that the employment
afforded to shipping, and the demand created for the
necessaries of consumption by such an influx, to ether
with the amount of money added to the local circulatkn,r,
must prove highly beneficial to our commerce in ITU
quarter of the globe.

CHURCH-RATE REFUSED AT
BRADFORD, YORK.

FROM A CORRESPJNDENT.

It will be in the recollection of our readers that
towards the close of the year 1S 3 9 an attempt was
ramie at this place to levy a Church-rate, and the result
of five days' polling was, a majority of near 5,000
against the rate. On Friday last a similar attempt was
made, contrary, it is supposed, to the expresses' wishes
of the Vicar and of the more judicious friends of the
establishment. Tho Churchwardens moved for a rate
to the amount of 316/. Us. 6d.
An amendment was moved by the Rev. J. Winter-
bottom, Baptist Minister, and seconded by Mr. George
Ilans9n, stuff-merchant. The Vicar refusing to put
the amendment, the original motion was put and nega-
tived by about four-fifths of those present. Taught
INiidom by eoil.
xperience the pro-rate party declined
demand a poll.

LLOYD'S SHIPPING.-(THIS DAY.)

terrific ga'e last night and
with violent squalls. Wind
Eagles from the eastward, with
sharp
this day at noon, fresh ga
this imNp °
morningN'
frosty weather.
Fyn 5 —lt has blown a severe gale all day at
GRAVESEND, - --- -.
E.N.E.
E. s.—Wind E., strong.—Sailed the Belle,
DEAL, A ER•
d.
FfEroßm. 6.—lt
Elial:tlweirarda",
niCtechnesr.E'sf,"FETßri.nsk.la—The Sophia Elizabeth, from Rio Janeiro
winter.
to chars come Fan 4i into
Tt hheehialrebnoaurdr,tforoAm.
swAN .., -
Pernam-
buco, on shore near St. Alban's Head, will be sold as a wreck.
FALMOUTH, FEB. s.—Wind E., strong hales.—Arrived the
Susan, Jones, from Altea, with oss of bulwarks," cut-head,
fore channels, and other damage, having been in contact to Altona:
yes-
terday morning, off the Lizard, with a brig, supposed to be the
Ann, of Blyth.

P
ENZAN.CE, FEB. 4.—The Earl of Devon, Grace, from
Exeter to Newport, foundered in the bay this morning, after
striking on the rocks near Black-Head :
se lies in about 12
fathoms, her mast heads in sight by St. Michael's Mount
E.N.E. 1.1 mile distant, Penzance Pier N.N.W. 2 miles dis-
tant—crew saved.
Mir.voxn, FEB. 4.—The Prince Leopold, Semerscoles,
from Cardiff to Liverpool, leas been assisted in here leaky.
MUN DSLEY, FEB. 5.—A vessel was seen on fire, on the
2d inst., near Husborough Sand, since which several heads and
staves of tallow casks, partly burnt, have come on shore, and
some beams, also partly burnt, have been washed on shore at
Hasborough.
WIVENif OE, FEB. s.—The William and Handemand, May,
from London to Ipswich, got on the Middle Sand yesterday,
and afterwards sunk, in six tathems. Crew, one cask of tal-
low, two of oil, and a crate of earthenware, saved.
s.—The Zo rgeoilni cthe
here
eyregsht
curt:slat ,y from
the Clyde to Rotterdam, with
11A MSGATE, FEB.
tama,rtyvhi_
ind E. S. E. , fresh.—Sailed the
partly dilsichpaurt
Cleland, fur Halifax and Boston ; Nith,
cßarrLigt
taoyn sunhai
ai to(e
,aSem;:eamrß)u.,
Shasv, Calcutta ; Ospray, Kirk, Bombay ; Nautilus, Gibson,
Lima ; Irish Lass, Grundy, Monte Video ; Victoria, Atkin-
son, razd; Mary Queen of Scots, Kellie, Pernambuco;
Zoribda, Bryan, Trinidad ; John Cumming, Philadelphia ;
The Lady ito,.vena, Clayton, hence to Calcutta, put into
Crookhaven, 2d inst., leaky.
SCA ItBOROUG Li, JAN. 5.—A piece of English oak timber,
marked XX V lIITx has come on shore. It is blowing a
gale at E.S.E.

EVENING EDITION-.