The Sun.
London, England, 1841-04-10 00:00:00

EDITION

,n which to construct a fort,
ilish a small garrison, under
British shipping may anchor
waiting for the "chops" to be
p the " inner sea," or river of

—.r of form like that of waiting
for a pilot off Dr.al or Dever, or, as old tiare, call:ng oft'
Gravesend for a license for London. Hong Kong, there-
fore, it is clear, is not 1,000 miles from Canton, and Bri-
tish trade and traders will be just as much indigenous in
the Canton market as heretofore.
The Globe moreover magnificently swells about the ex-
pectation of receiving its overland India despatch in time
for a second edition, to be published for the benefit of its
readers. This is, as the City folks say, coming the " very
grime" with a vengeance. Hitherto the modest evening
ladron has kern content to borrow its India despatch from
the first and second editions of the morning papers; arid
in the present instance calculate.l, as it thought securely,
on a late second edition of its morning lea:ters for the
usual supply, from the report unisers.lly current of the
arrival of the overland despatch and the in;ended publica-
tion of it ie second editions of the morning papers. Un-
happily the Globe was disappointed, and of cour,e will
have to account to-morrow for the non-arrival of its own
overland India despatch. Nobody ever before suspected
the Globe of the enormous prodigality, of which its morn-
ing feeders are guilty it must be owned, of expending
about 1501. on one India despatch. But no: content
with overland despatches, the Globe claims credit more-
over for receiving early news from China by way of
St. Petersburg and Kiachta. The unfortunate scribbler
must conceive that people cannot put two and trio
together to make four. For instance, in the Globe of
the 6th there was a report of favourable news from
China, the facts neither defined nor stated, said to have
reached town by way of St. Petersburg. Now the fa-
vourable eiteligeace reached Marseilles on the 4th, and
was immediAtely telegraphed to Paris on the same day,
where it would be received in some three or four hours,
if geeeat weather. From Paris to Calais a few minutes
suffice, and afe v hours more to Dover and London. So
that on the sth instant, or on the morning of the 6:11 at
the outside, it would be communicated from the French
embassy here to the Foreign-office, f.om whence the mu-
tilated report by some door-keeper, or humble attendant
editor, would reach the Globe-office, disfigured purposely
in its origin, and credulously behoved as from St. Pe-
tersburg.
Of course the Globe people cannot know it, but it
is altogether improbable, without a most extraordinary
and itmost impossible combination of circumstances,
that the news of the termination of the differences
could have been received by the way of St. Petersburg.
For instance, the convention was concluded on the
29th of January, and might be in Canton on the 30th.
From Canton io Pekin the distance is about 1,500
miles, and through Pekin the news only could trait-
Tire for Russia. But it was net likely to transpire
in a court so silentious for many days, and if it did,
where were the couriers to carry it to Kiachta ?
There is no post-office, mail-coaches, or railroads from
Pekin to Kiachta, moreover there are no diplomatic agents
resident at Pekin by whom such news would be forwarded.
The early transmission, when it occurs, and that once only
since the commencement of the Chinese dispute, is a mere
chance of commercial despatch, and casual combination by
which early arrival at Kiachta is achieved, from whence V)
St. Petersburg the course is more clear and speedy, as
being an afidr of the Russian Government. It may hap-
pen, undoubtedly, that Russia would take all the means
possible for early information in an affair so interesting to
her as relating to the fate of China, and therefore so far
as on her depended news would be accelerated. But from
Kachta to St. Petersburg alone the, journey by courier is
understood to occupy about 28 days. Having taken this
pains gratuitously to assist the ignorance or education of
the evening organ, and of its principal of the Foreign-
office, no more remains to be said.

POST.—The news received to-day from India and
China, though favourable, had been so far "discounted,"
to use a Stock Exchange phrae, as to have had no effect
upon the value of the public securities, beyond the incon-
siderable extent of to per cent.
The only additional fact of any great importance that
transpired today. in connection with the failure of Messrs.
Wakefiel 1, the Stock Brokers, has been with respect to
some securities held in trust by the senior partner as Trea-,
surer of the fund of the decayed members of the Stock
Exchange. It appears that he had deposited in his hands
n that capacity Exchequer bills to the amount of four
thousand pounds, and that no information has yet been pro-
cured concerning them to satisfy the Committee of Man-
agement of their safety. We have no great doubt, how-
ever, that funds of so specially sacred a character will have
been respected, whatever may be the defalcations of
Messrs. Wakefield in other particulars. The claims gene-
rally upon the firm arc found to be to the amount of about
66,000/. . .
It affords us pleasure to be be able to state, that there is
probably no reason whatever to suppose the suspension of
Messrs. Wal;Cfie:d was in any way accelerated by the
circumstance of the elder of the firm having been surety
for one or more of the official assignees of the Court of
Bankruptcy. Mr. Turquand was, we understand, the
only parson far whom either one or tho other of the firm
had taken upon himself ails re;ponsibility, and, if any
unfavourable surmises respecting that gentleman be enter-
tained, the following communication which he has ad-
dressed to us, will effectually set them at rest :

"TO THE EDITOR OF TILE MORNING POST.

Copthall7buildings, April 8, 1841.

" Sir,—Having had my attention called to your observa-
tions in the City article of this day's publication of the Morn-
ing Post, and being, as 1 believe, the only official assignee for
whom Mr. Wakefield, senior, was a surety, I take the liberty
of addressing you. I beg you will insert in your next publica-
tion my most unqualified denial of the assumption that 1 (the
individual guaranteed) have placed any'snrii of money belonging
to the creditors, on whose behalf I have been employed, in the
hands of Messrs. Wakefield. It is true they were my private bans-
ers, but not one shilling have I ever paid into that account at all
connected with the bankruptcies under which I have acted, except
what has been awarded to me for my remuneration by the Com-
missioners. I cannot but lament the failure of Messrs. Wakefield,
but of the cause which led to it I am who* ignorant. Still more
do I, in common with the other official assignees, lament that one
of our body—l mean, of course, Mr. Abbot—should have be-
trayed his trust; and I believe I am stating what is the ge-
neral feeling with the official assignees, that the more rigor. us
the inquiry to be instituted into our accounts (although, at the
same time, I am at a loss to imagine any more stringeut than
that pursued by the Commissioner under whom I have the
honour of acting) the greater satisfaction it will afford to us
all.—l am, Sir, your most obedient' servant,
WM. TURQUAND, Official Assignee."

•.
Nothing satisfactory can yet be stated as to the steamer
President. The agents consider that she must have suf-
fered some damage in her machinery, and, in consequence,
hare put hack to I3ermuda. Iler supply of coals was
deemed adequate br a voyage of twenty-eight days' de,-
ration, so that there could have been no Leceisity for put-
ting int:) Fay al for a furt!ter quantity. The vessel ha,,
perhaps, after all, been totally Oismasted. Insurances are
said to have ten done upon her to-day at a still higher
premium, namely, at f :rty guine is per cent.