The Sun.
London, England, 1841-07-20 00:00:00

MO
. ,
r
oising
.from,t, ; di Al and other considerations eakui'ated
a inspire s- . 'eta with c^nficleoce in the stirbility of thin 4s-
The surply for all purposes at the present" is .so
Superabundant that it has become a matter of extreme diffi-•
crafty to find means of investment for it at what is deemed
a fair and reasonable return of interest, proper regard
being had to security, nor is this difficulty at all di-
minished, but very much the reverse, by the growince distra,„
entertained by the public of foreign stocks of almost c vsry ~,
scription, and of those innumerable domestic schemes and 1.- --
jects which for a long time possessed so strong an attraction,.
and 'so quickly absorbed the surplus moneys of annuitant,.
That the distrust to which we allude now exists in a rcie.irkable
degree is snfficiently evidenced by the fact, that, s matt ant.
ously with the payment of the heavy dividend for the half-year,,
shares of almost all sorts and foreign bonds, such i f them at
least as are rot in the highest credit, have fallen from clay to.
day in aimanner that is almost unprecedented, for if there was,
this morning a trifling reaction in any case, the circumstance is
to be ascribed, we believe, to nothing more than the improved
state of the weather, and the greater prordss held out of an
abundant harvest.
HERALD.—The preceedings and financial policy of
Toreno and Mendizabal have undoubtedly done more to bring
into disrepute the good name and the credit of Spain than
perhaps all the Spanish finance of the last century of 'absolu-
tism. The former is loudly accused, and not without very
good cause to all appearance, of personal corruption in the
conduct of Spanish loans and finance. One of these days
some of his transactions with Ardoins, the Paris contractors,.
may be exhibited in proof of insatiable venality, or, what is.
scarcely credible of so acute, accomplished and eloquent a.
man, a degree of besotted ignorance and blind credulity which
would be inconceible in the veriest dolt of a tyro that ever at-
tempted the numeration table. The personal integrity of Men-
dizabal need notbe questioned, and has not been intended
in the course of these remarks, however justly his public
character and conduct may have been and is repro-
hated. Marliani says of him fairly that, "as Mi-
nister of Finance, he treated the affairs of the kingdom rather
is a banker (dealer in money) than az an able administrator.
The Stick Exchange was the fatal thermometer which his pa-
triotism sought only to make rise, as if the credit of a nation
could withstand the vicissitudes of the terrible game of revo-
lutions." He ever sought resources for Spain, not within hat:-
self, but in the stock house of Bartholomew-lane. It must be
said in his favour, however, that he has always otherwise be en
the partisan of British interests and alliance. He has been the
persevering advocate of an improved tariff for Spain and for the
removal of all prohibitions on the entry of British manufac-
tures. To him, among others, will be mainly owing whatever
improvements that tariff shall receive, although that such
changes should be made in it, as shall materially promote in-
ternational traffic to any extent, may be reasonably doubted.
from all that has transpired or been accomplished so far. The
Catalonians will not hear of 50 per cent. protective duty, much
less of 25. .
TlllES.—According to Mr. Stikeman's comparative stairs-
:tient of the number of British ships with tonnage, Sm., which-
nave entered inwards and cleared outwards from and to places
within the limits of the East India Company's charter Tot The
luarter ending the 30th of June, 1841, it appears that the total
:lumber of ships entered inwards was 402 ; • with 158,388 ton-
nage, and 8,249 men, showing, as compared with the same
period-in 1840. art increase of 83 ships, 35,139 tonnage, and.
1,602 men. Of this total amount, 278 ships, 111,423 tonnage,
and 6,056 men, entered at London ; 90 ships, 35,172 tonnage,
mil 1,583 men, entered itt ,Liverpool ; 9 ships, 3,208 tonnage,
and 166 men, entered at li'ris,tol and Ilull ; and 25 ships. 8,58 a
tonnage, and 444 men, entered at Clyde, Leith, and other 131i-
tish ports. The arrivals were as follows :--135 ships from
Calcutta, 5 from Madr s, 35 frost: Bombay, 14 from China,
9 from Ceylon, 28 from Singapore, and Penang, 12 from the
Philippine Islands, 1 from Siam, 17 from Java and Sumatra„
:32 from New South Wales, 75 fro xi the Mauritius, 1 from
Madagascar, 27 from the Ca 2e of Good 'Hope, and 11 from the
South Seas.
The clearances outwards comprised a s'cital of 480 ships,
194,791 tonnage, and 9,983 men, which, as` compared with
the same period of 1840, gives an increase of 75 ships, 40,147
tonnage, and 1,418 men. Of this total, 274 ships, 110,274
tonnage, and 6,045 men, cleared from LOndon ; 130 ships,
59,610 tonnage, and 2,662 men, cleared from Lirer,,ool;
14 ships, 4,670 tonnage, and 230. men, cleared from Bri.ltd
and Hull ; and 54 ships, 20,237 tonnage, and 1,046 men, clears d
from the Clyde, Leith, and other British ports. Their desti-
nations were aslollows :-116 ships for Calcutta, 9 for Ma-
deira, 59 for Bombay, 22 for China, 10 for Ceylon' 21 for
Singapore and Penang, 3 for Java and Sumatra, 1 for Arabia,
160 for New South Wales, 55 for the Mauritius, 16 for the
Cape of Good Hope, and 8 for the South Seas. The ships
which have left for China double in number those which left
for the same situation last year, and there is a great increase
in the number bound for Singapore and Penang, which goes
far to show that there is expected to be a revival in the trade
with those countries at no very distant period. The number cf
ships cleared out for New South Wales is, we believe, beyond
a precedent, but the prosperity of the. colony does not appear
to keep rice with the increase of traffic, and perhaps it would
be better if it were in a measure restricted.