The Sun.
London, England, 1841-04-22 00:00:00

BO UR S PARIS. MOND* Y. APRIL 19.

first Highest Lowest Last
Price Price. Pricy. Price
..: ch '.)er A erns ll3 90 ... 113 90 ... 113 SS ... 113 90
4 per Cents 99 25 ... 99 25 ... 99 25 ... 90 26
ii per tActlib 79 . t. lo ... :9 ... 79 ,I.
11tnk co, trance
Litfitte Malik %060 f Stares 1100 ...516: ...5161 ...5160
I,ooot. S ares 1090 . lei.t ...1180 ...1090
812 50 ... 815 81•+50 ...815

ti•icnan flank ......

.I,2rush Active 24,4 ... ...
Passive 534 -• 5%
• .01
Rowan lO4 ...104 ...104
RAILWAY SHARES.
5t
Ve bzolles.R. ti 3BO 382 5u ... 375 380
LB rso ... 255 . 250 15 150
louen
it. ..)org u, Bale ',3l 75 ... 528 75 ... 23" 75 2: 875
485 485 ... 485
51ontpellier to Cette 250 ... 275 ... 250 ...

The Augsburg Gazette publishes the following
letter from Constantinople on the subject of die
change in the Turkish Cabinet:—

" CONSTANTINOPLE, MARCH W.—This morning d Com-
missary of the Ottoman Porte presented himself lk.t the resi-
dence of Reschid Pacha, and demanded the decoration of the
Nischar, which the Sultan had deliveted to him a few days
before. He also informed him that he was no longer Mi-
nister, and that he had been succeeded by Rifaat Bey. The
people of the Seragli, think that 111'.3 nomination is an addi-
tional guarantee for the pacific sej,uti,,n of the Eastern question.
Taint. Pacha, who is now C-pitan Pacha, is the best naval offi-
cer Turkey popesses,a,t.'l- the English themselves have borne tes-
timony to his hifft, qua ities. It is hence inferred by other per-
sons that thq Sultan is hostile to Mehemet Ali, and that he
has nol;;lnated to the head of the navy so distinguished a man,
in order to be able to act, if necessary, with vigour against
the Pacha. If the Ottoman Porte does not display as much
condescension for Mehemet Ali as certain Powers seem to ex-
pect, the representation of the July Treaty will be dissolved, as
it is said the London Conference has already dissolved itself ;
but, on the other hand, well-informed persons count on the
Sultan's condescension towards Mehemet Ali."
The same Journal publishes the annexed let-
ter from the Turkish frontiers, dated the sth of
April :

",It was predicted with truth that the recent marks of
tinction conferred by the Sultan on Resckid Pacha would be
only signals of disgrace. The Sultan has been unable to resist
the united efforts of the enemies of that Minister, backed by
the Ambassadors of England and Russia. It was, however,
quite against his own individual wishes that, on the 28th ult.,
his Highness resolved on dismissing Reschid Pacha, who but
lately appeared indispensable, and on replacing him by Rifaat
Bey, a man of probity, and a friend of the laws, but inferior
to his predecessor in an administrative capacity. It is evi-
dent that this resolution concerning the Ministry is the work
of the party which obstinately refuses all kind of concession
to Mehemet Ali : and it would certainly have never been
carried into effect if the Sultan could have continued his re-
sistance until the arrival of fresh instructions from Londun
for the Ambassadors. It would be erroneous, however, to inter
that this change of Ministers will have the effect of compli-
cating the Turko-Egyptian question, since no Ministry would
venture to oppose the opinions of all Europe. It is possible
that on the arrival of instructions, expected for the 4th to the
Bth instant, a modification of the new Cabinet may take place,
or that Lord Ponsonby may be recalled."

The writ!rs of these letters manifestly know
very little of what they write about. The Bri-
tish Ambassador, so far from intriguing to effect
the downfal of RESCHID PACIIA, was that Mi-
nister's most strenuous supporter. The most
powerful opponent of RESCHID was Baron
STURATER, the Austrian Internuncio, who was lat-
terly supported by the Russian Ambassador.
Nor does the change in the Cabinet indicate on
the part of the SULTAN any design adverse to
MEHEMET ALI, but the contrary. RIFAAT
BEY, before taking office, even pledged him-
self, to the Austrian Interpuncio, to prevail
upon the SULTAN to concede to the VICEROY the
hereditary government of Egypt in the direct
line, and to modify all the other articles in the
Firman, to which the VICEROY had raised objec-
tions. But as soon as the Egyptian question is
entirely arranged by the Porte, we shall expect
to hear of RESCHID PACHA'S honourable restora-
tion to office. He is certainly one of the mot

liberal and enlightened men in the Ottoman
Empire ; and but for his participation in Lord
PONSONBY'S prejudices against the VICEROY, his
present retirement from office would be, in
Turkey, a national calamity.

'e are afraid the Lord Advocate and Mr. Fox
Malik, the patrons of the non-intrusiunists, are
too powerful for Lord Normanby, else why
should the Under-Secretary last evening have
declined to give a decisive answer to Sir George
Sinclair, respecting the appointment to the chair
of Biblical Criticism in the University of Edin-
burgh ? Are they still determined to force on the
Government a man who has repeatedly denounced
the Supreme Civil Court in Scotland, and sets its
edicts at defianCe ? Lord Normanby stated in
the House of Lords, that the moment be heard
Mr. Candlish was guilty of such proceedings he
" put an end to all communication with him on
the subject." We trust his Lordship is possessed
of sufficient firmness to adhere to this resolution,
and that the friends of decency and order in
Scotland will not be insulted by the promotion
of a churchman, who, like Newman, Pusey, and
Co., claims to himself and party divine authority,
and is prepared on that plea to trample upon the
laws of the land,

MONEY and COMMERCIAL NEWS.
CITY, WEDNESDAY EVENING.
The non-arrival of the President steamer still cxc:tes
much anxiety in the city, though far less conversation and
exci,ement. Most parties have at last made a virtue of
necessity, and resolve to be patient.
The Stock and Share Markets were dull to-day. Con-
sols for immediate transfer realised 901 to 901, and for the
Account 90f, being precisely yesterday's prices. Exche-
quer Bills were 13s. to 15s, premium, and India Bonds 2
premium to par. Bank Stock was firm at 173 ; the New
Three-and-a-Half per Cents, ranged from OD to 994; and
the Three per Cent. Reduced Annuities brought 89. to 4.
The New Five per Cent. Portuguese Bonds were at 34
to 331, and the Three per Cents. at 201. Colombian
Bonds of 1624 were heavy at 22k, and Mexican of 1837
at aoi to }. Belgian Eon& were Artii et 103, The ad-
Vices received this afternoon from the Amsterdam Bourse
notice a very brisk market for the domestic funds. The
Twoaandsai Half per Cents closed there at 51i ; and the
rive per Cents. at 991. Here the former were firm at
52 to }; and the latter improved from 001 to 994.
The Share Market was in a good podium again to.day.
Great Western Railway Shares brought 30 to 31}, the
Fifths at 71 ; the London and Birmingham 70 ; the Bir-
mingham New 22/; the Greenwich Scrip li-; and the
South Western 20k prem ; North Midiand She, es were 16 ;
Manchester and Leeds 3} and Biighton 28 dig. ; London
and WeAminstet Bank New Shares were at 24 prem,

( From The Sun of Last Night.)
LIVERPOOL COTTON MARKET, APRIL 20.—We have again
to repbrt a very slight business in the Cotton market. the sales
db tidt aiptinfit ttirttbre than 2,000 bales for home consumption.
In speculatioii
purchases have been made ;
prices are without alteration.
LIVERPOOL SHARE MARKET, APRIL 1:).--ithe folk/if-ink
are the tratiaatips reported at the Stock Exchange :—Eastern
CountieS, Yi; Glakelf Mid Paisley, 27 ; Grand Junction, 211 ;
Half Shares, 105.; -Quarter Attest 2E4; Liverpool and Man-
chejiter; Half Shares 96t:
MANCilit:Sl4,a gioek FACHANdEi MAIL 20.—There con •
tinues to be a fair demand f6r fiktst liitid§ of Railway Stock,
and prices have generally an upward tendency. Manchester
and Birmingham, 25i ; Manchester and Leeds, 66i and 66 ;
London and Smith We.tern, Tenths, 445. ; Hull and Selby, 45 ;
Edinburgh and Glasgow, ; North Midland, 80; Bank
of Steckport; 3L Csd ; Union Bank of Manchester,
7/. 16s. 3d. ; Ashton and Oldham Canal, 106.

TheFtirope bas arrived from New York, bringing papers to
the 2d Apfil.
The State Legislature of New York has a hill before it to
authorize the issue of 400,000 Seven per Cent. Stock. and the
City Corporation has applied for permission to issue 2,800,000
dollars of Five per. Cent. Stocks. Pennsylvania has as yet
taken no steps towards paying the 2,000,000 dollars' principal
and interest, that falls due between this and Aegust. he Tax
authorized last year was estimated to yield 800,000 dollars:
It is now ascertained that 360,000 wi.l be the extent. The
other States are doing nothing towards meeting their liabilities,
they are looking fi,rward to the action of the Federal Govern-
ment at the extra Session ; the result of that is not expected
to be other than the creation of a Five per Cent. National
Stock of 20,000,000 dollars to meet the wants of Govern-
ment.—New York Herald.

The British Funds continue in the same state as for several
days past, inactive, and oithout any spirit for speculating.
Consols opened this morning at the leaving off quotations
of yesterday, 90 for the Accuunt, Money 90* ; Exchequer
Bills, 13 15 prem. ; Bank Stock, 172 173; India Stock,
255, 256.
In the Foreign Market Spanish Active rather better, left
off at 23i *; at present 234 Deferred, 12* 1/2 ; Passive, 5“ ;
Portuguese the same as they left off, 333/4 34 ; Three per
Cents., 201; Brazilian, 69 70 ; Colombian, 224 23 ; Mex-
ican rather lower, 301 ; closed at 301 ; Chilian, 59, 62 ;
Dutch Twe-and-a- Half per Cents., 526 Five per Ceuts.)
99% i• .

The Foreign Exchanges were not quite sa goad as on last
post day. No tidings of the President steamer.
Sum.s.—Great Western, 301 311, prem., New, 144 lsi
prem. ; London and Brighton, 2 1-1 dis. ; Blaekwall, 5t 5
d's. ; Birmingham, 68 70 prem. ; Southampton, 58 59 per
share; Croydon, 133/4 14.-1 per share; Greenwich, 84i per
share ; Manchester and Birmingham, 15 14 dis. ; Seuth
Eastern and Dover, 141 14 dis.
PRICES OF SHARES THIS DAY AT ONE.

RAILWAYS. Paid. Per Share,
Great Western -
OD
Ditto Fifths
t 4
London and Brighton ............... 50
London and Birmingham....,,,~ 90
Ditto New ... ......... ..... . 2
London and South Western .....
.. 34 59 .... .. to
%lanchester and Birmin .. ... 2.41 .. to
Midland Counties ...,Om 40 25i to •
North Midland . .
100
South F
100
'
...astern and Dover
JOINT STOCK BANKS.
Union of Australia.
The Dutch steamer Batavier has arrived, 4rittging the papers
to the 21st April, with the p, ices front Amsterdam of the 19th
April. Two-and-Half per Cents., 51% 15-16; Five per
Cents., 100.

Although money confnues 'plentiful there does not appear
the least spirit tor ,;,eeulating, still the British Funds remain
firm at the P.:.orning prices, 90} for the 25th May ; Money, 901;
Exellcquer Bills, 13 15 prem. ; Bank Stock, 173 ; India Bonds,
2 prem. par.
In the Foreign Market scarce a bargain doing. Spanish
Active nothing done. Passive, 534 ; Portuguese, 334, Mexi-
can, 301 ; Dutch Tao-and-a -Half per Cents., 524; live
per Cents., 994.
In Shares very little doing. Great Western, 624 ; Fifths,
14 ; London and Brighton 47%; London and Birmingham,
160; South Western, 59; Midland Counties, 90; North
Midland, 83.

Consols, Account, 90i, Mexican, 30i i ; Portuguese, 33i
34; Spanish, 23i i.
CLOSING PRICES.
BRITISH FUNDS.
Bank Stock 173 India Stock —
3 per Cent Red B9} Ditto Bonds 2 pa;
3 per Cent Cons 9oi Ditto Old Annuities ..
3i per Cent Red.. 99 Ditto New Annuities...
New 3 per Cent 99i Ex. Bills, 1,0001... 2;d 15 pm
New 5 per Cent Ditto 5001 l5 pm
Long Annuities to expire Ditto Small l6 pm
Jan. 1860 l2 13-16 Bank Stock for 0pg....
Oct 1859 lndia Stock for 0pg....
Jan. 1860.
FOREIGN FUNDS.
' -

Austrian, 5 per cent
Belgian, 5 per cent lO3
Brazilian Bonds —
Buenos Ayres, 6 per cent
Chilian, 6 per cent —
Colombian, 6 per cent —
Ditto, 1824.
Danish, 3 per cent.......
Greek, 18:45, 5 per cent.
Mexican, 5 per cent. ... 30i
Ditto, 6 per cent, 1825.
Peruvian, 18:2.5, 6 per et.

Portuguese, 5 per cent.
Ditto, New Ditto 34
Prussian, 5 per cent —
Russian, 5 per cent —
Ditto, Aletallic —
'Spanish, 5 per cent 23i
Ditto, Deferred .. 12i
French, 5 per cent. —f. —c.
Exchange —f. —e.
French, 3 per cent —f. —c.
Dutch, 2i per cent. ...- 524
Ditto, 5 per cent 998

SHARES.

Glaigow Paisley, and Greenock Railway... 27i
Great Western Railway (65 paid) ... 964
Ditto Fifth (4 paid)
London and Brighton (50 paid)
London and Birmingham Railway (90 pd) l6O
Ditto New Shares ( 2 paid) 244
London and Greenwich Railway (20 pd)..
Ditto Scrip. (3 paid) si
London and South Western ... ...........
Ditto Tenths
London and Croydon Railway ( Trunk) ... 134
Manchester and Leeds (70 paid) ...... ... .... 66i
Manchester and Birmingham (40 paid)
Midland Counties Railway (100 paid) .. ...... 90
North Midland Railway (100 paid) ...... ... 84
South Eastern and Dover (33 paid)... 18i

DUTCH AND GERMAN PAPERS.
AMSTERDAM. APRIL 17.—1 t is with great pleasure that
we are enabled to state that it is highly probable that the
Minister of Finance will not make any use this year of
the authorisation given to the Government by the Cham.
ber, to issue new Bonds (Schielde-brieven). We have
already stated that, at all events there would be no issue
in the first six months of this year. We are now able to
add that the spirit of order and economy by which the
present Minister of Finance is so honourably dis-
tinguished, will reader the issue of New Bonds
unnecessary in the second half of the year.
The issue of a month's portion of new Treasury notes
(Schatpest billetten), for which his Excellency is authorised
by the States-Geneial,'will be the only extraordinary mea-
sure to which the Minister will have recourse during the
whole of the year 1841. Thus we joyfull see the present
Minister of Finance tulfil in this respect also the high
expectation which we always entertained of his Excel-
lency.—Handelsblud.
THE HAGUE, APRIL 16.—The Minister of Finance set
out yesterday afternoon for Amsterdam, for the purpose,
as we are assured, of settling the affairs of the Syndicate,
wh ch institution is to be dissolved on the Ist of May next.
FRANKFURT, APRIL 14.—We have learned with the
greatest interest, by letters from St. Peteraburgh, written
by persons worthy of ciedit, that " his Majesty the Em-
peror of Russia has resolved to emancipate the Jews in his
empire a soon as intellectual instruction and civilization
shall be so fir advanced among them that this great boon
may be beneficial to themselves "

Since the beginning of February, this year, there have
been deliberations at St. Petersburgh, the object of which
was to attain this object by a judicious improvement of
their moral and civil condition ; 200 new schools are now
organised, and the youth educated in these schools, as well
as the old ones which join in this attempt, shall enjoy,
without limitation, the same rights as all other subjects.
At present measures arc in progress to invite to Russia
from foreign countries, especially Germany, the men who,
at Government ichools, denot..d bead masters, teachers,
&c., shall manage the several primary and learned estab-
lishments, fines qualified persons are not at present to be
found among fte Jews in the empire. The number of Jews
in Russia and Poland is about 2,000 000.

DUTCH FUNDS.—AMSTELDAM, APRIL 19
Mune.; ~j
%MAI Debt, t:IS, per Cent
Jitto, ditto 5 per cent.
Amor t Syndic, 4% per cent...... ............ 90% 90%
Ditto, ditto, 34 per cent...... .............. 73 ;3%
Commercial Company, 4', per cent 165 1665
Ditto (1635 and 1537) 5 per cent.
Loan 11,337, 5 per cent.. ................. "i 3 993 s
Exchange en London, One month ...... 12 05
Two months 11 95
Dutch Papers, April 20.
Ausi KLAN FUPILIJ.—VIVINA, APRIL la.
Ive per Cents. Metalliques
Four per Cents. 98%
three per Cents. ..... ........... .......... 7134
Sank Shares 1655
--411reitirine Zeilung. April 15
PRUSSIAN FUNDS.—BnaLIN, APRIL 16.
13iih,. Money
St. Schuld. Sch., 4,, per cent 163% 103%
Prussian English Loan, 1830, 4 per cent 101 1003]
Exchange on London, three months 6 19%
—Prussian State Gazelle. April 17

RATES OF INCREASE OF LET-

TERS

Returns exhibiting the rate at which the cor-
respondence of the country is advancing, have
just been printed by order of the House of Com-
mons. Selecting three periods, before and after
the introduction of the Penny Postage, which
show the numbers of letters passing through the
London General and the London District Posts,
and those delivered in the whole of the United
Kingdom; the numbers for each stand as fol-
low :

LONDON GENERAL POST.
Four vieAs ending Number of Letters.
30th March, 1839
28th March, 1810
27th March, 1841
LONDON DISTRICT POST.
20th January, 1839
Ist February, 1840
30th January, 1841
UNITED KINGDOM.
Week ending
24th November, 1839
22nd March, 1840 3,069,496
•
‘2lBt March, 1841 3,721,455
Disregarding the great increase of letters
which arose immediately upon the introduction
of the Penuy Post, and confining attention solely
to the increase which is shown to be going on
since that great accession of correspondence took
place, it appears that the present rate of increase
per annum on London General Post letters (the
only General Post lettert of which a separate
account is stated), is 50 per cent.; on London
District Post letters, 19 per cent. ; and on all let-
ters for the United Kingdom, 21 per cent.

•
Letters from Java give a curious history of the
bank in that island. It was established 12 years ago with
a fixes capital of 2,000,000 f., divided inter 4,000 shares,
and with authority to Mlle notes. At first the abates were
unsaleable; the dspitabsts bought but few, the merchants
not any, •and the greatest shareholder was the Gwern-
ment. The abundance of produce ing the opt rations
of the first year rendered the bank but an unprofitable con-
earn; abundance in the market brought with it an abun-
dance i f specie, so that the paper money would hare been
superfluous. Prdchtee, however; became scarce, and dollars
necame scarce also, ad the bank was brought into pia,. and
increased in prosperity; its paper was in circulation to a
large amount, the dividend to the shareM lifers was
enormous, and the shares became worth 340 per cent.
Things went on in this way till about a year and
a half ago, when the bank found that its coffers were
empty. Instead of being embarrassed at this cir-
cumstance the managers at once coolly declared,
that they did not intend to pay their notes, and the
creditors were obliged to submit to thia determina-
tion ; it is said, however, they were in fear the Go-
vernment might exercise their privilege of banishing
the unruly. The managers of the bank, however,
Levi; to feel the consequences, and were
obliged to
draw in their credit, and this, it teems, was eff,cted
by throwing out iustnwitians, which ruined the credit of
those to whom they applied. A general want of fidence
has been the result of the system, and the bank shares,
which were worth 1,700 f in 1838, were lately offtr dat
4751 It is not to be supposed that there are many persons
in England immediately interested in the fete of this re.
mote bank ; but its short history g yes an instructive picture
of a paper system rising into a spurious prosper
thenity, at a time
when the country was Ica,t prosperous,
and at once
exploding and spreading paid.: around it. The affair is not,
however, so singular as some of the writers on the subject
imagine. They say the emptiness of the coffers would
have reduced a bank in any other part of the world to a
sad oilemma, but this expedient of &elating boldly that
they would no longer
pay their own notes, when the Go-
vernment was their principal shareholder, Teems only a
shorter method than that pursued by the American banks,
who have friends
in the St rte Legislatures, to authorise
suspension; the principle in both ease being precisely the
same. Thus the paper system, whatever changes of form
it may undergo, is aiWaYB an evil wherever it may be es-
tablitihOdo•JinteS.