The Sun.
London, England, 1840-09-28 00:00:00

THE MUSICAL FESTUAL.

BIRMINGHAM, SUNDAY AFTERNOON.—The finale
of the festival—the fancy ball—which was to astonish
the natives and turn over the climax to Terpsichore,
took place on Friday right. There were about six hun-
dred persons present, principally consisting of town's
people and the gentry of the neighbourhood, with a small
sprinkling of the aristocracy.
The ball was brilliant, and did not break up until day
had begun to break also, and for some hours afterwards
there were " episodes of enjoyment" pursued by some
young gentlemen who had probably never masqueraded
in fancy dresses before.
Thus ended the gaiety of one of the most splendid
festivals that ever entranced the musical spirits of Bir-
mingham, and drew eager and admiring visitors from
every corner of the empire. The charity, it would ap-
pear, has been highly benefited, and the receipts of the
four days amount to more than eleven thousand pounds.
The Society of Arts has been kept open during the
festival.

Y,sterday morning there was held a sort of fancy ba•
zaar for the benefit of a deaf and dumb school or asylum,
which, in spite of wet weather, attracted hosts of visi-
tors and Fratrous. In the evening the theatre was
opened with new attraction, the manager having en-
gaged Dorus Gras, Braham, Phillips, and F. Lablache
to sing upon the occasion. Every seat was taken, and
tickets were at a premium. The house was crowded to
the ceiling. The performances were The Quaker, a
miscellaneous concert, and Try Waterman, and they
went off with great spirit and eclat. Dorus Gras goes
to Worceste-, Cheltenham, an•! Bath, before proceeding
to Hull. Phillips has also provincial engagements to
occupy him for three weeks.
Miss Birch, Miss Hawes, Bennett, Mr. Pearsall, and
some other vocalists, attend a sort of semi-l'estival at
Skidhold upon the opening of an organ.

NIONE MARKET and CITY NEW S•

(SATURDAY EVENING.)
CHRONICLE.—The letter from Senor Rosales to
the chairman of tae South American bondholders has
produced a rise in Chili stock, which is quoted to-day
at 45 to 50. In this communication Senor Rosales
states that 12,000/. and upwards hail actually arrived
by the Fly, and that bills of lading for other 12,0001.
bad been received by a commercial house in London,
shipped on account of the Chilian Government.
When both these sums are realised, he expeets that
further remittance will speedily come to hand to
make up a half dividend, the payment of which he
will then make without delay agreeably to the or-
ders of his Government. The ardour which animate,.
the Chilian Government tr satisfy its foreign cre-
ditors, he adds, inspires him with confidence that
remittances for the amounts necessary for the payment
of the other dividends as they fall due will succeed
each other in the most regular manner. This is good.
After such a declaration, it would be an excess of in-
credulity to throw out a doubt against the payment of
half dividend due as on the :30th instant, which, on
the balance of the original debt unredeemed, amounts
to about 28,0001. In 1837 the State of Chili offered,
through the agency of Senor Rosales, as terms of com-
position, three per cent. upon the original bonds, pro-
vided all claims for the arrears were quashed. In 18:39,
through the same agency, Chili advanced her offers to
three per cent, upon the original bonds, and three per
cent. on 780,000/. of arrears for thirteen years' interest
unpaid. The same State, in 1840, now begins to pay
six per cent. on the original bonds.
We suspect the payment of the arrears of interest is
to be made a ground of battle for a last and desperate
attempt to prevail upon the bondhelders to take less
titan their proper debt. This is extremely mean and
ill-judged. The whole debt of Chili, principal and in•
terest, is not, we believe, above 1,800,0001., and the ar-
rears are nearly equal to the balance of the original
debt unredeemed. The two put together would be ex-
tinguished, principal and interest, by a levy of 21. a head
on the population, which is not more, we believe, than
the people of England pay annually in the shape of
taxes to the Government. The annual charge of the
Chilian Foreign Debt in round numbers, principal and
interest on arrears included, may be stated at 120,000/. ;
and it is really pitiful for a country presuming to claim
rank as a state at all, to make the arrangement of such a
sum the subject of public animadversion.

HERALD.—Mr. Charles Hammersley has entered
into arrangements with Messrs. Coutts and Co., who have
agreed to accommodate the depositors of the late bank-
ing-house to a certain extent, so that the inconvenience
which might have been expected to be felt by the sus-
pension of payments by the former concern is, to a great
extent, done away. The letters of credit which may
have been protested will, in the majority of instances, be
protected ; so that the result at present will not be so
disastrous as was anticipated by many.
The accounts from the manufacturing districts ore
more favourable, and although they do not reorese,t
that a brisk trade is going on, yet, on the whole, ay;
are cheering. For the first time, after a long inter e,,',
the Americans have appeared in the market as pu -
chasers, and several parcels of goods fabricated expressiV
for that country, which were supposed to be a dead lc:
ter, have been taken off. The business in the woollen
trade, which was noticed some day or two since, still
continues.

SPIRIT of the PUBLIC JOURNALS

FROM THE MORNING PAPERS OF Tlll3 DAY.
(From the Morning Chronicle.)
( The pertinacious attempts of the Tory Press to prove
that Ministers ought, in common decency, to have re-
, signed their places in consequeace of the events of last
Session, are only rivalled in absurdity by the ertrava-
kiances of the French writers, who thought to console
...their national vanity, writhing under the agonies of de-
Ifeat, by demonstrating, that according to all the rules
of war the English were beaten at Waterloo, and ought
!to have run away. Deep, indeed, must the mortification
of the scouts and hangers-on of the Tory camp be, if
their baffled appeti:e for place can find any nutriment in
such unsubstantial flummery as the Times serves up as
at substitute for the solid good things of office, which they
fondly imagined were in their grasp. Poor wretches !
vir, ! grudge them not this miserable satisfaction ; on the
co ntrary, we almost sympathise with the soreness they
fee •1 at the cold-blooded cruelty of our able Contempo-
rary of the Scotsman, who has reft away even this last
rag of consolation, by demonstrating, on the unanswer-
able authority of facts and history, that according to the
:strictest rule and precedent of the palmy days of
ihoroughmongering Parliaments and Tory Cabinets,
'Ministers are not only justified, but bound and called
troon to retain possession of the reins of Government.
l''.'. is amusing to watch the inconsistencies of the Times
i 0 its impotent attempt to answer this able article. It
t 4
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paragonb u provokeof parliamentary a smile
iio, Robertbeea
because
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ao
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ienfour,hticwhohmeonths in the face of a House of
are
le never obtained one single majority,
v rh ile the Wili.s of unparalleled baseness
lr et 'auso they do not resigneud the very moment they
narrow
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sahe,rrnropioc'i
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different
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are beaten in some accidental
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it:
twt lne importance frankly a
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os
these. appeals to pre-
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Liberal li-
a DC 1 different system, but what ought
Ir I ,y retaining'
vane 'e of the great principles of
/, by whose support and 55 whose representatives
part
v to which they arc
they were raised to and are retained in powee_ob.,
struc, ding the peace, prosperity, and union of the