The Sun.
London, England, 1841-02-27 00:00:00

with a view to collate them with the reali ies of past
ages. The Capitol was saved once on a day by the
cackling of geese. exactly five, we doubt, not had his-
tcry condescended upon numbers; so also Whig capital
has been preserved intact for one more quarter day by
certainly as much cackling industry as was ever dis-
played by the sacred twaddlers of Rome. From first to
last of Whig speeches, on occa,ion of this memorable
debate of four long nights, we defy the most indefati-
gable inquirer to discover more than the endless repe-
tition of the same two cuckoo notes in each, from first to
last ; the two cuckoo notes led, off by Mr. Daniel O'Con-
nell himself, and subserviently chat-Int ed and re-echoed from
Dan down to Lord John, that is, " Justice t 9 Ireland," or
" Repeal and desertion of Ireland to the enemy, whoever
he may be."

MONEY MARKET and CITY NEWS.

FROM THZ MORNING PAPERS OF THURSDAY.

TlMES.—Stocks in general were rather firmer again to-
day ; and although the improvement, as far as Consols are
concerned, was not more than per cent., the tendency of the
markets was towards improvement. In the arrangements for
the settlement to-morrow, continued to-day, money com-
manded not more than 3 to 4 per cent. Consols for Money
and the Account were at one time see, buyers, but left off 88i,
sellers.
The last advices received from Chili on the subject of the
foreign debt seem to hold out but a small prospect of a satis-
factory settlement, as far as regards the arrears of interest.
The only proposal made by the Chilian Government is to con-
vert these arrears into a stock, which shall bear I per cent. for
the first 10 years, 2 for the second, and afterwards 3 per cent.,
which would be the final rate. Nor is the inadequacy of this
offer the only objection which the bondholders may raise
agalnst it, for to this scheme many other conditions are at.
tached, which will put the new in a less favourable position
than the existing bonds. In the first place, the sinking-fund
would be abolished, which was provided for under the present
system ; then, the interest on the new stock is to be paid in
Chili instead of London ; and further, the Chilian Go-
vernment is to be at liberty to come into the London market
and contract new debts ; whereas the present bonds provide
against any contracting of new loafs until one quarter of the ex-
isting debt is paid off. This last alteration does not, however, seem
to be of much practical importance, since in the pi esent con-
dition of South American credit it is very doubtful whether all
endeavours by Chili to raise money in the London market
would not prove futile. Such terms as these Mr. Caldeleugh,
the agent for the bondholders at Chili, represented to be most
unsatisfactory, especially while the customs returns are giving
cbvious signs of increasing prosperity, and Valparaiso al“ne,
during the first ten months of the year 1840, has paid more re-
venue than all the ports of the Republic taken together in
the whole year ]839, the amounts in the respective statements
being 1,406,156 dollars, and 1,375,800 dollars. He repre-
sented that it would be more feasible for the Chilian Govern-
ment at once to convert the arrears into a 3 per Cent. stock,
which should begin to pay the interest at the end of five years.
The Government, however, refuse to accede to any terms but
those at first proposed; and this very indifferent offer is, there-
fore, all that remains for the consideration of the bondholders.

POST.—The funds continue stagnant in both markets. The
operations of the dealers may be, at d probably are. in a mea-
sure suspended by the proceedings of Parliament, the result of
the debate on Lord Moapeth's Bill being considered doubtful.
The tea market continues to exhibit symptoms of weakness
in what are called its main points, apart from the jobbing qua-
lites, of which there are now scarcely 2.5 thousand chests
remaining on hand ; but the speculators, by buying and selling
" for the account," as they express it at the Stock Exchange,
manage to make these to represent a total of one hundred thou-
sand the ts ; and, on certain Saturdays, or settling days, the
quotations are " up a penny," or " down a penny," as the
transactions may eventuate, whetlnr in a " bull" or a " bear"
account, but without affording any actual or legitimate key to
the true position of the market.
The public sales of last week proceeded, however, with
tolerable steadiness, resulting in only a trifling decline on for-
mer prices, owing, as it is considered, to the good management
of the importers who bad, in a quiet way, informed them-
selves of the fact, that the trade would not go further into pur-
chases than was required, in order to meet the regular retail
demand, even had there been a disposition to submit to a fur-
ther reduction. About one•hali the quantity was bought in by
the importing houses at rates nominally above the market
value, but they afterwards manifested a willingness to sell by
private contract, and buyers could readily procure parcels on
terms fully as advantageous as they could have done at tke sale.
A failure to an inconsiderable extent has taken place in the
tea connection. The only importance to be attached to the
event is to be found in the unpleasant discussions for which it
furnishes occasion, as to the solidity of others who are known to
have been deeply engaged in the speculation, much of the ex-
citement which had formerly prevailed upon the subject hay-
ing subsided and confidence been partially re-established.
There is probably no reason whatever why a mishap cf the
unimportant nature of that to which we have adverted should
give rise to a renewed feeling of distrust for which no more in-
telligible grounds can be assigned.

HERALD.—The Foreign Market continues in a very
quiescent state, with scarcely any business doing. And this
has not been the case for the last few days or weeks only, but
for a considerable space of time,•so that, in sheer despair, it is
said, some of the jobbers are about to expatriate themselves
to South Austral.a, New Zealand, NOVJ. Zembla, or some
other of those outlandish elysiums where money must be
plenty as moonshine, and the " self-supporting principle,"
to judge from sp'endid specimens of golden pro-
ducts here among concoctors, once cf but seedy plight,
should rain riches as well as roguery, and if as much of
the former as the latter, the speculating emigration from
Capel-court will not do amiss in slipping rotten Spanish and
Portuguese stock here, in order to stock some part of the ter-
ritory of his voracious Majesty the King of the Cannibal
Islands. The transition withal will be rather queer from giv-
ing for puts and calls to planting cabbage and potatoes, and
from dealing in bonds to digging in lands. he fact however
is, as stated, that there is more talk in the foreign stock house
about emigration than about stock speculation, and so foreign
securities remain, as for some time past, just as before.