The Sun.
London, England, 1847-10-04 00:00:00

Athens journals of the 20th ult. have arrived.

The Aloniteur Grec contains the royal decree ap-
pointing General TZAVELLAS, the Minister of War,
President of the Council, and ordains M. GLARAKIS,
the Minister of Public Instruction, to hold the port-
folio of Foreign Affairs. This journal confirms the
accounts of the defeat of the insurgents of Naupacte.
PHARMAKI, their leader, is stated to have fled to the
mountains, with only thirteen followers.

A Constantinople letter of the 17th ult. says—
" There has been ne change of features in the dif-
ference between the Porte and Greece since the adop-
tion of coercive measures. These measures are put
in force at Smyrna, Salonica, and Adrianople. Wher-
ever Greek consuls have been accredited, they have
been obliged to suspend their functions, and in all
matters, whether civil or criminal, the Hellenists
have no resort but to the Turkish authorities. The
delay of a month fixed by the Porte for the interdic-
tion of the coasting trade is already half elapsed, and
ere long the Greek vessels will be effected by this
measure. On the other hand, the internal state of
Greece is very precarious. While the present Cabinet
has gained so great a majority at the last elections,
that the whole country may. be said to support it, con-
stant acts of revolt are committed in the provinces ; and
the only man who was likely to repress these elements of
anarchy has no doubt fallen. The news from Albania is
satisfactory. Three thousand rebels under the command
of Rapo have been completely defeated and dispersed
at Berat. From thence Seraskier marched to Argy -
rocastro, to attack Djoulika, who has not more than
6,000 men under him, and it is generally believed
that he must be beaten, and thereupon Albania will
be entirely :_.l.cified. The Turkish squadron has been
lying at anchor in the Bay of Salonica ever since the
4th, and will not move till the beginning of October.
It will wait the return of the Capitan Pacha, who is
coming here to join in the feast of the circumcision,
which commences on Sunday, and will last twelve
days. It will take place under inauspicious circum-
stances, for the cholera is at the gates of Constati-
nople. After making considerable victims in the
Tchildir, at Quarz, at Olti, and at Erzerouin, it has
made its appearance at Batoum, and at last reached
Trebizond. The English
packet Sultan, belonging
to the Eastern Peninsular Company, which left Tre-
bizond on the 11th, and arrived here on the 13th, has
been put into quarantine for eight days ; one of her
cooks having, while on her passage, been attacked
with the cholera. He died on the 15th in the
Lazaretto."

Madrid papers of the 26th and 27th ult. have arrived.

The Gaceta publishes various decrees regulating
the finances, which we give at length in another
column.

The Heraldo publishes a furious tirade against
ESPARTERO, for presuming to thank the QUEEN for
his recal, and the Clamor Publico announces that a
dissolution of the Cortes has been resolved on. The
same journal publishes a letter from Valencia, which
states that a body of 200 Carlists have passed into the
Maestrazgo, after having disarmed the garrison of
Ampesta.

CONCHA is taking vigorous measures for the re-
establishment of tranquillity in Catalonia. He in-
tends to establish a blockade of the province by sea
and land, and will, it is said, make an expedition into
the republic of Andorra, to seize any Carlists who may
be concealed there. He disapproves of the murderous
proceedings of his predecessors, and proposes, instead
of shooting his Carlist prisoners, to transport them to
the West India colonies, for lnoger or shorter periods.
MADRID BOLSA, SEPT. 27.—The Three per Cents.
are quoted at 261 paper ; the Five per Cents., at 171
paper ; Passive, at 5i cash ; Coupons, at 14 paper.
Exchange on London, at 48d. 80e.

We have received the Paris papers of Friday and
Saturday.
The accounts of the Bank of France for the quarter
ending 25th Sept. are published in the Moniteur of
Friday.

It appears that the amount of specie in possession
of the Bank is 150 millions of francs, of which 94i-
millions are at the Bank, and 55 millions in the
branch establishments. The notes in circulation
amount to 239 millions, of which 229 millions
are notes issued by the head bank, and 10
millions by the branches. The following are
the general results of the account :—Actjf. The
Bank had then in hand, cash, 94,580,3231. ; in dis-
counts and loans, 211,925,2691.; branch bank ac-
counts, 97,128,7181.; rentes, public securities, and
reserve fund, 28,722,394 E; credit and various items,
162,840 f. Passif. The amount of bank notes cir-
culated was 230,143,811 f. ; accounts current,
117,217,926 f.; capital and reserve, 81,900,000,000 f.;
different items, 5,258,5091. The discounts, advances,
and loans made during the quarter amounted to
493,868,7001.—movement of accounts current (pri-
vate), 2,805,294,700 f.; ditto (public), 221,719,6001.
General movement of the caisses, 3,405,814,4001.
Compared with the other accounts published since
the month of January last, the following is the
result :—On the 26th of December, 1846, the
amount of specie was 100,500,0001., of which
72,000,0001. was in the Bank, and 28,000,0001. in
the branches. The circulation was 268,000,000 f., of
which 958,000,000 f. was in notes issued by the
head bank, and 10,000,0001. in notes issued by the
branches. On the 25th of March, 1847, the actif of
the Bank in specie was 114,000,0001., of which
79,500,000 f. were at the Bank, and 34,500,0001. at the
branches. At that time the circulation had di-
minished to 257,500,0001., of which 247,500,0001.
was in the notes of the head bank, and 10,000,000 f.
in those of the branches. By the account of the
25th of June it appears that at that period the specie
in the possession of the Bank was nearly as at pre-
sent, but that the circulation was nearly 10,000,000 f.
more.

In commenting on these accounts, the Journal des
Debals says_.

"It is interesting to compare this situation of the
Bank of France with that of the Bank of England.
On September 18 the rest amounted to 8,880,0001.
(222,000,000 f.). The notes in circulation were
18,740,000/. ; public deposits, 8,700,0001. ; the other
deposits, 7,200,000/.; giving a total sum for liabilities
of 34,649,000/. (866,225,0000. Thus the Bank of
England possesses only 25 per cant. in cash of the
amount of its notes or debts liable to be called for ;
it can pay in sovereigns only the fourth part of the
value of this enormous sum ; in other words, the
amount of its notes and deposits is three times more
considerable than the amount of the metallic reserve,
and exceeds the latter by 644,000,000 f. It is easy to
see how much preferable, is the situation of the
Bank of France, and what security it must inspire us
with. Let England be as proud as she pleases of her
prosperity, there are terrible moments when the clay
is perceptible at the feet of the colossus. Her mer-
chants are bold in their operations, but their boldness
sometimes resemblas that of gamblers. Her esta-
blishments of credit participate in the same virtues
and in the same defects; they encourage labour, but
they favour only too often the adventurous specula-
tions of their numerous clients. We, on the other
hand, proceed more prudently, but more surely, and
we do not make others pay for our follies. Thus,
whilst each post from London announces to us the
failure of some of those commercial giants who asto-
nished the world, the crisis has passed over, or is
passing over amongst us, without a single one of our
firms being seen to fall."

The Reform banquets still continue. A grand
demonstration took place tast week at Orleans,
"that patriotic and courageous city," says
the National, " which has never ceased to protest, by
its acts and its words, against the sad chance which
has conferred its name on the reigning family." Up-
wards of five hundred persons sat down to dinner.
Among the guests was N. CanmiEux, who, in pro-
posing the toast the " National honour," addressed the
meeting in a most animated speech. The following
passage was received with thunders of applause :
" Paris in 1830 saw the children of the people rise to
make the Revolution of July, and I would that the Mo-
narchy should never forget it. Let this Monarchy
think of its origin. Does it claim to descend in
direct line from our ancient kings, what does it find ?
A daughter of the people ordering the coronation of
CHARLES VII. Does it desire to spring from so fair
an origin as this, no one will deny it the satisfac-
tion. Does it desire to descend from the Revolution
of July, in whose presence does it find itself? In
the presence of the people, who dragged up
the pavement stones upon which the throne is
founded." The health of the Kum was not pro-