The Sun.
London, England, 1840-09-18 00:00:00

EVENING EDITION.

MONE I MARKET and CITY NEWS.

(THURSDAY EVENING.)
TIMES.—A letter has been received on a subject
of some interest—namely, the disposition of the Burmese
Government towards the British. The writer's ob-
ject is to remove the current impression that Thara-
waddee, the present King of Burmah, besides being
a treacherous, false, and cruel usurper, cherishes the
most hostile intentions towards the British Govern-
ment. The correct history of the !evolution that
placed Tharawaddee on the throne is, he asserts, still
wanting, hut nevertheless, as he has been raised to his
eminence by events that were forced upon him by
his taking necessary measures for the preservation of
his life, he is improperly considered an usurper. The
writer also states, that notwithstanding he may have
uttered hasty expressions, he never intended to vio-
late any treaty ; that he has shown the most awie.able
feeling towards the English, and that he is a man of
enlightened views, whose chief design is the improve-
ment of his country. It seems that, aware of his
own weakness, and that his whole military force
could not maintain any contest with us, he considers a
rupture with the British as the greatest calamity that
could befall him. At the same time he naturally feels
alarmed at the large British force on the borders of his
dominions, and it is supposed that he might be induced
to adopt precautionary measures, which might be con-
strued into hostilities, and that, with all his partiality
for the English, be is not altogether free from the Chi-
nese notions of European " barbarism." Hence his
refusal of all diplomatic intercourse with the British
Minister, which is by some considered an infraction
in spirit of the treaty of YandabDo, it being argued that
this is a legitimate cause of war, though the expediency
of such a war is considered to be doubtful, since by en-
larging the frontier we should come into collision with
other Powers, and after the victories gained in Affgha-
nistan a refusal to destroy Tharawaddee could not be
interpreted into weakness.

CHRONICLE.—The resolutions of the Commit-
tee of Spanish bondholders, which we publish to-
day, in regard to the mission of Count Lara, have
given rise to some discussion, and an anxiety to know
more about the matter. We shall have occasion soon,
perhaps, to enter upon the subject of the plan pro-
posed by the Count. At present we have a few words
more to say upon the resolutions of the Committee,
because the bondholders are anxious to know what
kind of plan is to be brought forward, and complain
that the Committee should conceal it. It would not an
swer, we fear, for the committee to make known
every proposal made to them ; but they ought to do so
with all reasonable speed, and we question whether they
should not have declined negotiation with Count Lara
until his proposals, as the fully authorised and accre-
dited agent of the Spanish Government, were
placed upon their table. That would have been
the direct and proper course. Instead of doing
so, however, the Committee have received the
proposals of the Count, and postponed further proce-
dure until he is accredited by the first competent Go-
vernment which may exist in Spain. Although the
Committee do not say so in precise words, that is the
only meaning, which can be attached to their second re-
solution. We have approved of that resolution, hut we
should have been able to have expressed our concurrence
in a much wider and more comprehensive sense if the
Committee also told Count Lara that they could not
expreas any approval of his plan until a competent Go-
vernment was established in Spain, and until he pro-
duced his authority to act as their financial agent in
effecting a settlement of the foreign debt of Spain with
the English bondholders. There eould have been no
room for doubt or exception if they had so acted, and
stated besides that even then they had no power to do
more tha❑ recommend the scheme to the favourable
consideration of a general public meeting:; if, on its ma-
ture consideration, the measure should appear to them
worthy of support.
In passing a resolution, the third of the series, which
we publish to-day, the Count Lara, after he has corn-
rounicated with a duly organised Government in Ma-
drid, " may rely on the zealous exertions of the Com-
mittee to carry his project into execution," the Com-
mittee will probably find they have gone a step too far.
As individuals, they were perfectly entitled to give
Count Lara any assurance of assistance which they might
deem right ; but in their collective capacity, as a Com-
mittee representing the bondholders at large, they were
not authorised to say that they would exert their in-
fluence to carry out the project until they had obtained
the sanction of a general meeting. If the scheme should
turn out favourable and practicable—it Count Lara be
duly accredited, and obtain the sanction of the Spanish
Executive, this stretch of power by the Committee will
probably be overlooked.

POST.—The quarterly meeting of the Court of
Proprietors of Bank Stock was held in the course of
the present day. when an almost unexpectedly favour•
acle account was given of the state of affairs of the in-
stitution, and the usual dividend was declared, at the
rate of 3i per cent. for the half year. Though u small
sun] of 15,22.5/. was required for this purpose to be
taken from the the " Rest," yet this fund wes shown
to have largely increased, amidst all the recent dif-
ficulties of monetary affairs, and notwithstanding the
expenses incurred in the arrangements with the Bank
of France. Those of our Contemporaries who have
have been recently amusing- themselves and the pub-
lic with announcements of the sales of the dead-
weight annuity, describing the diferent fire and in-
surance companies which were on the eve of complet-
ing the purchase of this large moneyed investment,
may now have the opportunity of finding out some
other equally well-founded story, and equally purport-
ing to come from behind the curtain of the Bank. Not
only has the dead-weight annuity not been sold, but the
explanations rendered this morning prove distinctly that
not a particle of necessity has ever existed for its sale,
the very Rest having increased, and the whole of the
borrowed money having been repaid to the Bank of
France. Respecting the future prospects of the Bank
of England, it is to be observed that though the harvest
has not yet been secured throughout the whole of
the three kingdoms, yet the duty on foreign wheat
bas this day advanced to 10s. Sd. per quarter, and
sufficient is known of the progress of the harvest in
Scotland and Ireland, that at least no extraordinary
prices of grain can prevail throughout the ensuing
twelve months ; nor is there the probability that foreign
grain can be required beyond such a quantity as that
the payment could be compassed by a re-opening of the
credit with the Bank of France. So firm is the posi-
tion of the Bank of England considered to appear from
the explanations rendered this morning, that some
parties in the City have remarked that this would have
been not an improper opportunity for the proprietors
of Bank Stock to have requested the Ministers not
again to apply, under any circumstances, for credit from
the Bank of France, the lending of money by which in-
stitution has been so boastingly put forward, amongst
the other insults towards England, appearing in the
journals of M. Thiers. It is observed that there are
always millions of money in Hamburgh and Amsterdam
which the Bank of England could obtain from capitalists,
who would be even grateful for the preference, at such a
rate of interest and on such securities as those which
have been given to the Bank of France.
SUN.—We had no intelligence from the French
metropolis to-day, hence there was a paucity of news in
the City.

'The expose at the meeting of the Bank of England
Proprietors to-day was considered rather more favour
able, though still, as compared with the good old times
of Bank monopoly, showed a great falling off.
Stocks and Shares were all better to-day. Consols
closed at 881 for Money, and 88i for Account ;
Exchequer Bills, at .55. to 7s. prem. ; India Bonds, at
103. dis. ; and New Three-and-a-Half per Cents at 971.
The Foreign Stocks have been dull, except Spanish
and Portuguese, but improved in value. The former
closed at 2241 for the Actives, and the latter at 33 for
for the New Five per Cents. Colombian Bonds were
22 to 22i, and Dutch Two-and-a-Half per Cents rose
to 511.
Shares were in request, as respects the favourite lines.

---......„
PROFITS OF TEETOTAL CORDIAL DEALERS.
—...A. boy named John Maxwell, was brought up to College-
street Office, charged with unlawfully making away with
a gallon of creme de
'The Seville, a mixture intended for the
use of Teetotalers.
complainantof\s, was a person in the
employment of Mr. White,
ledxbfootrdh-ostrseaeidt, fhroismmwahsoteser
premises the beverage waslakeAn
did not wish to prosecute.
iatlioneromfanoorDdiaarllewy
hiinoluiwread3 what Mr. White paid for the
purchased in Liver_
stolen ? The complainant saidg
rid it was afterwards
pool-street at 3s. 6d. per ga3l4loinw,:as
in, or 93. 41. a
sold by retail, at the rate of
gallon. A person present here obsenrvael that that rate of
.
profit would produce an immediate clear return of 166 per
which was probably greater than the cent.,profit made on
any other business. The prisoner was then discharged__
hu/lin Paper.
WORCESTER HOPS, SEPT. 16.--The first new
hops were offered in this market on Saturday, at 16/. pe
•Cwt , and for which 131. was refused. The market Wars
dull, and a reduction was made upon the previous week.
Weighed—old, 37 pockets; new, 1. During the week,
-47. There are offers against the duty paying 2001. Prices
are about—for 1839'5, 112 s. to 81 ; choice, 91.-1 37'5,
90-3. t,., 120 s. ; choice, 1235.-1836's and 1 _'+3s's, 565. to
95s:_; choice, 1003.

Yates returned from Paris,
where he has been
;some weeks on the look.ou, for novelty, on Tuesday last.
it seems that the Adelphi Theatre itself has not
bu
been
t
'touched in the alterations that have been in grogress;
the approaches to the boxes, pit, and gallery, ana the ven-
tilation of the theatre, are much improved.
Last week William Hindle, Thomas Bates, and
the driver of Kidd's omnibus 2,601, were fined by Alder-
man Fa her and Alderman Harmer, for cruelty to
their cattle, and John Favell, a cab driver, 63. costs, for
omitting his badge. Thomas Gibbons, the agent of the
Animals' Friend Society, at Norwich, gives a sad account
of the cruelty committed at the last Norwich races. He
jaw one horse there urged on so that it broke its leg, and
it was in consequence immediately shot, He also states
that a boy had just been charged before the Mayor and
slu
Captain
the M y,iatter of which one for having set a dog on a cat
and her
• o,it tore to pieces. The case
e
15, we grieve to say, dismissed.