The Sun.
London, England, 1840-11-20 00:00:00

EVENING EDITION.

MONEY MARKET and CITY NEWS

(THURSDAY EVENING.)

TIMES.—Money has been in less demand and more
plentiful to-day from the fact of the discount brokers
having brought it freely into the market, seeing the
rates it obtained, which still continue much the same.
Although the bargains in Consols were not extensive,
prices improved in consequence of the business done by
parties supposed to be in possession of later information
from Paris than Eat brought lay the ordinary mail.
A correspondence between the Secretary of the
Southampton Dock Company and the Directors of the
Peninsular Steam Navigation Company has been circu-
lated to show that the Oriental steamer did not get
aground in the Southampton-water on her recent depar-
ture for Alexandria, a false report having gone abroad
to that effect, which seems to have been owing to the
circumstance that one of the anchors dropped, and the
vessel was thus impeded. The certificate of the pilot
and the commander, that the vessel did not touch hare
been added, as it was important to remove a false im-
pression, from which it might be supposed that the
Southampton harbour would not always hold vessels of
the largest class.
The Indian papers of the last arrival contain an ac-
count of a meeting of the subscribers to the New Ben-
gal Steam Fund, held on the 9th of September. The
Committee reported the regular receipt by each over-
land mail of communications from Mr. Curtis and
Captain Barber on the subject of the London Com-
pany, and also the receipt of communications from
Messrs. Wilcox and Anderson, agents of the London
Peninsular Steam Navigation Company, informing
them of their intention to commence immediately with
the communication on the Mediterranean side, by means
of powerlul vessels between England and Alexandria,
and also of establishing similar vessels between Cal-
cutta and Suez. if supported by the Indian public.
The balance-sheet was produced, and showed
23,786.10.8 rupees to the credit of the Company. After
the report had been carried, a debateable matter arose
v,.h'eh is the connexion between the Indian and the
London Company. A resolution had been moved to
express the great satisfaction of the meeting at the
communications of Mr. Curtis, and to thank him for
his perseverance in endeavouring to senre the accom-
plishment of steam communication between England
and India. At die same time the resolution was to
express entire confidence in Mr. Curtis and the Board
of Directors in London, hoping shortly to be advised
of the complete establishment of their Company on
the basis of the resolutions of the -28th of May, and
the Committee were requested to exert themselves to
obtain Shareholders in that Company. This resolu-
tion was carried, it seems, almost unanimously ; but a
speech made by Mr. Turton against it appears to have
excited much attention. He defended the course
adopted by the party well known as the " Precur-
sors," saying that he would not consent to have any
thing to do with spending Indian subscriptions on the
other side of Alexandria till the impracticability of
having steamers on the Indian side was proved. He
objected to the sentiment implied in the resolution, that
the London Board were acting in accordance with the
wishes of the Bengal Presidency, and while he admitted
that he had confidence in their integrity, said he had
none in their judgment.
Discussions respecting the acts of the London Com-
pany arc frequent in the Indian papers, and it is said
that tl era is an increasing desire for commencing the
line of communication on the Indian side, where there
are yet no steamers at all. The iinorovements in the
Las igation of the Mediterranean have rendered preva-
lent the notion, that it would be advisable to relinquish
that part of the line, and by saving the expense which
it could require, expedite the navigation of the rest.
The whole debate on this subject seems to rest on the
belief that the London Company naturally has a predi-
lection for the Mediterranean line, and would begin
with that part of the navigation, and it is considered by
those who especially advocate Indian interests, that the
London Company ought to have expressly shown the
parties in India that they did not intend to begin with
the Mediterranean, it indeed such was their design.

SL' N.—Whew it was found this afternoon that no no-
tice appeared at the Bank of England, as was expected,
till. funds rallied, and closed better, Consols at 89i for
Money, and 89i, buyers, for Account. Exchequer
Bills at par ; India Bonds at 13s. discount ; the New
Three-and-a-Hall per Cents. at 96i, and the Three
per Cents. at 89k.
The Foreign Securities rallied a trifle this afternoon.
Spanish Actives were marked 23i to 23} ; Portu-
guese New Five per Cents., 35i ; the Three per Cents.
23 ; Colombian, 2.5 i ; Mexican, 29} ; Russian, 1121 ;
and Dutch Two-and-a-Half per Cents., 51. Chilian,
however, were not higher than 55.
The Railway Shares closed rather better also.
Great Western at 19, New at S. and South W estern
at 13i prem. Brighton were 131 to 1:11 dis.

SPIRIT of the PUBLIC JOURNALS.

FROM THE MORNING PAPERS OP THIS DAY.
(From the Morning Chroni,./e.)
We !dew that the French Government has been
strangly ureA by that of Austria to exert all its influ-
ence with Mehemet Ali to induce him to offer terms of
submission to the Sultan, on the condition of his being
allowed to retain the possession of Egypt. There is
reason to believe that the French Government will
comply with the request. As there can be no doubt
that the Four Powers will be equally ready to use their
iidluence with the Sultan, to induce him to accept the
submission of the Pasha and continue him in the pos-
session of Eeypt, if the French Government honestly
exerts its iinluence, we can have little doubt of the sub-
mission of the Pacha, in which case the whole question
will at once be brought to an end.
(From the Times.)
In publishing the communication relating to Lord
Palinerston's policy, which appeared in the Times of •
Wednesday, we stated that our own views differed in
more than one point from those of the writer ; but it is
a duty we owe to our Correspondent to rebut the ex-
travagant construction which has been put on that ar-
ticle by the morning organ of the Foreign Secretary.
Every one of the statements which " cannot possibly be
true " rests exclusively upon the assertion of a weekly
paper well known for its unflinching adherence to the Go-
v, rneierit end its close relations with several leaders of
the Whig party. On the authority of that journal
those statements were pointed out to the notice of oer
readers, with the obeervatior, that " if we had ventured
te, ;mile teeve, jugs reinerke, ;ve should of course have
beet, accused of a base end ridiculous pervers:on
nt the tra ;" but, nutwiehstaeding tbi; distinct
roherence to that weekly journal as the source of our in-
formation, ,his very accusation of a ridiculous perversion
of the truth is hurled'aeainst our correspondent by the
The writer of the communication
in the 'nines has not the absurd pretension of " having;
been present at the Cabinet Councils ;" he lays claim
no knowledge of the when and the where," not
contained iii the plain paragraphs of the Court Circular,
• nor to any acquaintance with the particular views enter-
taitied by the different members of the Cabinet beyond
that which may he derived or inferred from the language
of our Sunday Contemporary, who at once conveys,
reasons on, and deplores the facts which we have re-
peated. ited The following passages from the paper in ques-
tion will settle the dispute as far as we are concerned ;
arid we leave the daily and the weekly organs of the
Government to settle between themselves the true state
of the erase :
We acquit the Government generally of any partici-
palm' in the ill-feelings and untracteble spirit which we
hive in view. The majority of the Ministry must, from
their opinions and their characters, he averse from war ;
but the y are in a false recurity, believing it as impossible
as they believe it mad and calamitous. As far as the
technical part of diplomacy is concerned, Lord Palmerston,
has acquitted himself with consummate address ; but has
he not gut overheated in the controversy ? Have not per-
sonal irritations passed into national animosities, or, at
least, is not what is due to nations lost sight of in the de-
sire to triumph over persons ?
" Much has been done that cannot be undone ; a bad pre-
cedent has been establi,:hed by those most bound to guard
at,zainst it, anti the alliance with France has received a para-
l)zi.g wound ; but still much mischief remains to be pre-
vonted, and can and will be prevented, if the Government
act, not in obedience to the self-will and obstinacy of a
part, but according to its dispositions as a whole; as its
dispositions may be emboldned to expression and col-
lected by its chief. Departments have been too much in-
sulated, too independent, and havehad too much theird
precisely
own way, and too much power in this
Ministry ;we are in the critical passage
wherecleguidi:anteacc of is department, however cleverly con the
du
too narrow for broad national objects, and where t he conduct
of the department should be merged in that of the chief of
the Administration. There is danger whewnehviecti;
iat be
longs. gets above the Government to
longs. We have confidence in Lord Melbourne, if Lord
Nlelhourne will hut have confidence in himself
arid
the part not of a Minister, but of the Prime alinister act
(From the Morning Advertiser.)
We are delighted to perceive, from an advertisement
in another part of this Journal, that the place of Alder.
man Harmer, as the representative of_ltm n o
Falerrinagdont
Without, is likely to be filled up by a get
equally liberal sentiments, and of equal devotion to
business. whether public or private. We mean Sir
James Duke, M.P., who has served the office of Sheriff,
aril who is in every respect thoroughly qualified for the
im
portant
ward. of this most populous and
ward. The show of hands in his favour yesterday was
"rly 41) to 1, and the honourable list of names ap-
pended to the requisition give us assurance that his
triumph is beyond the possibility of doubt. His oppo-
nent, Mr. Butterworth, does not, we believe, covet the
station cut out for hien by his zealous but injudicious
friends ; and, as the election has nothing to do with
political sentiments and Sir James has pledged himself
to become an inhabitant of the ward, we trust that it
will he unanimous in its decision,and save both candidates
from incurring any unnecessary and needless expense.

FROM T;

_E DAILY PAPERS OF YESTERDAY.
(From the Globe.)
The Scotch Tories have sustained a defeat at the
moment they were prepari:ig to celebrate a victory.
The election of Lord Hector of the University of