The Sun.
London, England, 1841-03-15 00:00:00

MORNING EDITION

SPIRIT of the PUBLIC JOURNALS

' apparent recurrence of difficulties in the way of its final
adjustment. Indeed adjusted it was assumed to be so
fully for some time past, and the Government in speeches
from the throne and in Parliament, as well as in articles
of the press in their confidence, had so largely taken
credit for their own success and consummate address,
that from time to time of late certain mysterious indi-
cations of a hitch here, and a lurking obstacle there,
have not been witnessed without some misgivings that
something still remained behind unt-ld but significant
of embarrassment. It was not, however, without sur-
prise 'that at length people were entirely aroused
from the state of fancied security by the appearance
of the Sultan's hatti-scheriff, which, professing to re-
gulate the terms on which Mehemet Ali is to hold
the possession of Egypt himself, with the hereditary
reversion of it for his family, subject to the dictation of
the liege lord in the matter of the personality of the heir
male to be promoted from that family, seems in reality
to re open the whole Egyptian imbroglio at the precise
I moment when its complete settlement would have been
moat seasonable, should have been most urgently labour.
ed for, and was most anxiously anticipated. What the
consequences may be with France armed andarming
i
to the teeth, and with the United States n a position of
quasi declared hostility, we need not now speculate upon.
To our understanding the agreement of the Four
Powers with Mehemet Ali, expressed and implied, was
so explicit in sense as to require no supplementary
explanation, and to admit of no alteration. By that
agreement, it was stipulated in certain dipbmatic
nhraseoloev, and with a certain reservation in favour
of the Sultan's right of subsequent conformation more
of form than reality, that the hereditary possession of
Egypt should be secured to the Pacha, subject, of
course, to conformity in this Government with the ge-
neral laws of the Turkish empire ; such, for example,
as the commercial code and treaties promulgated 'ome
time ago. By hereditary succession, nothing could of
course be understood but the common tense meaning of
the term, as accepted in ell countries, namely, that the
next heir, son or otherwise, in a direct line, should suc-
ceed on the demise of the actual authority, or, ac-
cording to Asiatic usage, that member of the family
specially designated by the reigning potentate or Pacha,
for in the present cas' tl.e terms are almost conver-
tible. By the Sultan's firman it appears, however, that
he claims the absolute right of nomination and selection
from among the offspring or heirs in the line expectant.
And moreover the power of appointment of all superior
officers of the Pacha's land and sea forces, the amount
of which is to he cut down to a given staldard. These
are strange disfigurations of the original covenant, to
which it may be presnmed the Four guaranteeing or
mediating Powers with whom passed, will scarcely be
prepared to yield assent.

MONEY MARKET and CITY NEWS

FROM THE MORNING PAPERS OF SATURDAY.

TIMES.—The feeling at the Stock Exchange, as concerns
business in the public securities, in connexion with the news
that has been received of the state of our foreign relations,
seems entirely confined to the jobbers and speculators, the
public not having taken any part in the sales lately made, a
fact gathered from the very few orders received by the leading
brokers in the course of the last two days. As it is, the sales
that have been made are not of a character to alarm the mar-
ket, although some have deemed them prudent, to avoid, as
they say, a greater sacrifice, which an adverse state of things
may produce, and it appears it has suffered more from artificial
means than from any great amount of stock being offered,
while the indisposition to buy, in this state of uncertainty, ac-
counts for the drooping tendency of prices. To-day's business
was limited, and the Consol-market opened firmer, the money
price shortly afterwards being quoted 87a to and the account
price 88 to A.