The Sun.
London, England, 1847-09-16 00:00:00

THE IRON TRADE.

It is gratifying to have again to report the satis-
factory state of this trade, and the continuance of the
steady demand previously noticed. It is the usual
practice to withhold orders that are not strictly
limited to time over the close of the quarter
when they arrive near its termination ; and on
the present occasion a stronger motive than
usual for such a course exists in the anticipated
relaxation of the Bank action, calculated upon in
well-informed circles as near at hand. A slight
anxiety also may be felt by some with regard to the
next quarterly settlements, lest, from the pressure
of long-continued high discounts, parties may not
be prepared so promptly as hitherto to meet their
payments ; the business done in the iron trade
has, however, for some time been of that
cautious description, and the transactions so
bona fide for immediate consumption or consign-
ment, that any such feeling is altogether groundless,
and the various works are kept fully employed.
I lonsiderable railway contracts are yet unfinished, and
before they are out of hand many mere must be given
out. In the Welsh market it appears that for
such articles prices have an upward tendency, as
also for bars. Hoops and sheet and merchant
iron are in good request here, while the foundry
trade is more than usually brisk. We have heard
that some large foreign orders are in the market for
castings; the superiority both in quality and make
of this country is now so universally acknowledged,
that, together with the vast consumption the con-
airict structiolv of dian reilroads mitt pr9duce,' full em.-
ploymenfb m be calculated uMn id this,l4anch tif
the traN long a ter. the pressing demands of our own
country have been supplied. The price of pig-iron
has hitherto been well maintained; very few pigs
remain upon the makers' hands—a considerably less
quantity, it is thought, than at the same period of
last quarter.—Ar is's Birmingham Gazette.

THE CITY OF LONDON SMALL

_
DEBTS' ACT.
The first court to be held under the new Act, which
will take effect on the 29th inst., has been appointed
for the 12th of October. In the Act there is a provi-
sion, similar to the one in the New County Courts'
Act, for the recovery of tenements in a summary
manner :—" And be it enacted, that when and so soon
as the term and interest of the tenant of any house,
land, or other corporeal hereditament where the value
of the premises, or the rent payable in respect of
such tenancy, did not exceed the sum of 501. by the
year, and upon which no fine shall have been paid,
shall have ended, or shall have been duly determined
by a legal notice to quit, and such tenant, or if such
tenant do not actually occupy the premises, or oc-
cupy only a part thereof, any person by whom the
same or any part thereof shall be then actually oc-
cupied, shall neglect or refuse to quit and deliver up
possession of the premises, or of such part thereof
respectively, it shall be lawful for the landlord or his
agent to enter a plaint in the Court, and thereupon a
summons shall issue to the person so neglecting or
refusing ; and if the tenant or occupier shall not
thereupon appear at the time and place appointed
and show cause to the contrary, and shall still
neglect or refuse to deliver up possession of the
premises, or of such part thereof of which he is then
in possession to the said landlord or his agent, it shall
he lawful for such landlord or agent to give to the
Court proof the holding, and of the end or other de-
termination of the tenancy, with the time or manner
thereof, and where the title of the landlord has ac-
crued since the letting of the premises, the right by
which he claims the possession ; and upon proof of
the service of the summons, and of the neglect or re-
fusal of the tenant or occupier, as the case may be, it
shall be lawful for the judge to issue a warrant under
the seal of the Court to any bailiff of the Court, re-
quiring and authorising him within a period to be
therein named, not less than seven, or more than ten
days from the date of such warrant, to give possession
of the premises to such landlord or agent, and such
warrant shall be a sufficient warrant to the said bailiff
to enter upon the premises, with such assistants as he
shall deem necessary, and to give possession accord-
ingly ; provided always that entry upon such warrant
shall not be made on a Sunday, Good Friday, or
Christmas Day, or at any time except between the
hours of nine in the morning and four in the after-
noon ; provided also that nothing herein contained
shall be deemed to protect any person by whom any
such warrant shall be sued out of the Court from any
action which may be brought against him by any
such tenant or occupier for or in respect of such entry
and taking possession, where such person had not at
the time of suing out of the same as aforesaid, lawful
right to the possession of the same premises."

A FATAL NEWSPAPER WAR.—We learn verbally,
says die Nachitoches Chronicle of the 14th instant, that
Mr. Russell, editor of the Red Lander, was killed a few
days ago in San Augustine, Texas, by Mr. Kendall, of
the San Augustine Shield. A very bitter newspaper
controversy had been going on between the parties for
several weeks, and finally led to the shedding of blood.
Report says that Mr. Kendall and Mr. Russell fired
three shots at each other without effect, and that in a
day or two after they met again, when Mr. Russell fell
mortally wounded.
LORD SANDON.—A requisition, headed by Sir
Thomas Brancker and many other leading merchants, is
now in course of signature, calling upon the Mayor to
convene a public meeting, to consider the propriety of
presenting a testimonial to Lord Sandon, in acknow-
ledgment of his services during the sixteen years he has
represented Liverpool in Parliament. Upwards of 7001.
has been subscribed for the testimouiel—LiverPeol
Standard. •
NEW POSTAGE STAMPS.—The new postage stamps,
intended principally for the pre-payment of foreign
letters, were issued on Monday. They are of the value
of Is. each, the colour being green, and the form octa-
gonal, to distinguish them easily from the smaller deno-
mination of postage stamps at present in use. These
stamps may be used for inland as well es foreign postage,
but they are chiefly intended for the postage of letters
to the United States, India, China, the West Indies,
New South Wales, New Zealand, and other places to
which the postage is Is. It is understood that other de-
nominations of postage stamps are hereafter to be issued;
and no doubt it will be found desirable to have a four-
penny or sixpenny stamp, to avoid the inconvenience of
the long rows of stamps now frequently required on in-
land letters.

Mdlle. Jenny Lind arrived at Mr. Tait's, New
Royal Hotel (where apartments had been previously en-
gaged for the young lady) on Saturday evening. She
appeared much fatigued on reaching the hotel, and we
have since learned that she is suffering from cold and sore
throat. The symptoms, however, are gentle, and such
as give every reason to hope that one or two days' rest
will enable her to fulfil her professional engagements.—
Edinburgh Courant of Tuesday,

When the mail landed it was discovered who Don
Martino was, and search for him was made. The
house of Pepe Zamora was surrounded. An Ameri-
can officer entered it, and was assured by Zamora,
that Paredes was not in it. " Has he been here ?"
was the question asked. " Yes," replied Zamora,
very coolly. " What did he want ?" asked the Ame-
rican. "He introduced himself to me as General
Paredes, and asked me to befriend him, and I told
him that I would. 'He then asked me to let him have
a jacket, hat, and horses, which I furnished him with
immediately; and he has been gone from here two
hours. You are weleome to search, but I assure you
you will not find him here, and what I tell you is so.
There are his coat and hat, which you can take along
if you like."
This arrival at Vera Cruz of Paredes, and his hasty
departure for, probably, Mexico, have given rise to
much conjecture and various opinions, as he is known
to be strongly prejudiced against the Americans. His
taking passage in a British steamer will by some be
considered as an unfriendly act of the British Go-
vernment. It will be said that it was with their
knowledge and approbation.
Almost every man has an opinion on this subject
peculiar to himself. The question is—what can be
the object of Paredes ? The general reply is—to
promote a revolution and put down Santa Anna.
Your correspondent does not concur in this almost
universal opinion ; he thinks it most probable that
there is an understanding between Paredes and
Santa Anna, and that they will unite in an effort
to prevent a division of the Mexican empire, and
to conduct the war with better hopes of ultimate
success.
There are those in this city, and probably through.
out the United States, who believe, or profess to be-
lieve, that some understanding exists between Pare-
des and the British Government. That opinion, they
say, is strengthened by the declaration that Lord
Palmerston made to the Mexican Minister, that if
they were compelled by adverse circumstances to re-
move the seat of Government from the city of Mexico
into the interior, the British Envoy would follow the
Government thither.

Whatever may be the true state of this question of
British interference, it is certain that this war is
daily becoming more unpopular. It may be added,
I think with truth, that the prospect of a speedy peace
is daily becoming more gloomy. The friends of the
Administration keep up the farce that Mr. Twist
will ultimately effect something in tit fora of of a
treaty, and, while 'husking these asi4vancegrof peace,
the President. (buiski, a call, pitincially -upon the
Western states, for 1040 additional volunteers,
which shows most clearly at the Government en-
tertains no present hope of peace. Public opinion
will now become mere falering and indecisive, until
iltretlesillWat develop hi views and intentions: But
atafredly nothing ,favourable towards the United
S tes can reasonably be anticipated from the sudden
appearance of this Mexican General.
Mr. Houston, a senator of the United States from
the state of Texas, has recently published a letter re-
lating to the alleged interference of British agents to
prevent the annexation of Texas to the United States.
Houston was Governor of Texas while the negotia-
tion was pending, and, in common with other distin-
guished Texans, was active in promoting the circula-
tion of the tale that the British Government was
intriguing to defeat the annexation. Mr. Houstun
now comes out and states that this charge has no
foundation in truth, and that it was circulated to
alarm the American people, and thus promote the
great object of annexation. It having produced the
intended effect, he considers it his duty to make this
explanation I
" A great man has fallen in Israel." Silas Wright,
senator of the United States, died suddenly, a few
days since, at his residence in St. Lawrence county,
in the 53d year of his age. He had filled various
public offices, and among them Governor of the
state of New York. He was no ordinary man.
Mr. Wright exercised a controlling influence with
the democratic party, of which he was a distin-
guished and efficient member. By a kind of common
consent he would have been their candidate at the
next election for the office of President of the United
States.

The death of Silas Wright, at the present moment,
is therefore an important event, and may, in its con-
sequences, affect the future policy, foreign and. do-
mestic, of this country. It will be found no easy
matter for the dominant party to fill the space his
decease has created. It has already caused some con-
sternation in their ranks.

In another point of view, and in other political
ranks, he is a national loss. He was friendly to the
Wilmot proviso, and, had he been spared, would have
contributed, doubtless, to the settlement of the vexed
question of slavery.
Lieutenant Rodgers, who was held by the Mexican
Government as a spy, and Major Gaines have made
their escape from Mexico and arrived in safety at our
American camp.
The money pressure in England has not affected
this country. It continues abundant at moderate
interest. _

-----
Sterling exchange is on the rise, but not much in
demand. It may be quoted at 7to 7i.
—Times. A GEN EVESE TRAVELLER.

THE BRAZILS.

FALmouru' SRPT. 14.—The Peterel packet, Lieu-
tenant Creser Commander, arrived this afternoon from
the Brazils with mails and passengers, having sailed
from Rio de Janeiro on the 11th of July, Bahia,
24th, and Pernambuco, 29th. She has some freight
on mining and other account, and the following pas-
sengers :—Mr. Dumaresque, wife and sister; Mr. and
Mrs. Dovey, and Messrs. Nuttall, Champion, Twiss,
Goslin, and Kenworthy, and five miners.
Her Majesty's ship Racer arrived at Rio with the
River Plate mail on the '29th of June, eleven days
passage, and her Majesty's brig Kestrel sailed on the
20th of June for the river, with the outward mail.
Left lying at Rio her Majesty's ships Racer, Crescent,
and Griffin, and United States frigate Columbia.
Exchanges at Rio, 27; Stock, 62 ; at Bahia, 27 ;
at Pernambuco, 26i.
There is no political or general news by this con-
veyance.

A,y,
RS TRIPLE MURDER IN BELGIUM.—BRUSSELS,
SEPT. 11.-It is scarcely possible to conceive the inqui-
ries which are being made in every part of the country
relative to the perpetrators of the triple murder, and
several persons have been arrested on suspicion. There
is one circumstance that may probably lead to the dis-
covery—viz.; that, as in the case of the unfortunate
Duchess de Praslin, one of the unfortunate young women
held in her clenched hand a lock of hair, which she must
have torn from the head of the assassin.

AMERICAN FREEDOM.—On Tuesday, a seaman,
belonging to a New Orleans ship, was brought up at the
Liverpool Police-court, charged with committing various
assaults. The policeman on duty at the Prince's Dock
observed the prisoner on Monday morning, at about
half-past six, in Bath-street, striking all passers-by. He
followed him, and eventually took him into custody,
when he said that that was the way his ship's company
had served all the gentlemen in NEW Orleans. He was
fined in an amount proportionate to his offence.
JUVENILE PEDESTRIANS.—A few days ago, two
lads, one eight and-a-half and the other six•and-a-half
years old, brothers, left their grandfather's house in this
townond at half-past nine on the following night
resehed
the house where their mother was servant, at Middleton,
near Rochdale, a distance of 45 miles from Liverpool.
The lads stated that they had only
cit,flogn. a penny
They had never
pockets when they started, and that they
the first night,
heyln tbeir
l lodged at a
vagrant. office (probably at War
and inquired their way to Middleton.
been out of Liverpool before.
—Mrs. Withers,
LEGACIES TO CHARITY pool Stapdard.
Assets, has left to the parish
school at Barnes, 30
of Barnes, from her small
; theorphan School at DaMon,
1.
al School attached to Trinity
W.; and to the National :—c'LnoivoerLs.
Churcb, Islington, 19 swum,

In the City attention has been entirely directed to
the circumstances connected with the failure of
Messrs. Sanderson and Co., and the greatest anxiety
still prevails upon the subject, although such facts as
have transpired appear to be of a more favourable
kind than was at first anticipated. The liabilities of
the house to London depositors by whom bills are held
as security, are understood to amount to 800,0001.
The total of country liabilities of a similar description
has not been stated, but they are most probably very
extensive. The debts of the firm against which the
creditors hold no securities amount to 200,000/. The
private property of Mr. Sanderson is estimated at
about 140,0001., and that of Mr. Morris, his late
partner, including life assurances at about 60,000/.
Under these circumstances, the parties who have in-
vestigated the state of the concern speak favourably
of the ultimate prospects of the liquidation, and in
the meantime the followinz circular has been issued :
" King William-street, Sept. 15, 1847.
" Gentlemen,—lt is with extreme pain we have to
announce to you that our house is under the neces-
sity of suspending its business, an event which was
wholly unforeseen and unexpected by us.
" The retirement, some time ago, of our late
partner, Mr. Gard, and recently the sudden and
lamented death of Mr. Sanderson's remaining pa-tner,
Mr. Morris, threw upon Mr. Sanderson alone t,e re-
sponsibility of the concern, the details of w h:ch had
been chiefly under the management of his late part-
ners; and this, with the pressure of the times, has
left him no alternative but to proceed to wind up the
affairs of the house. He entertains the most sanguine
expectations, that ultimately the creditors and cus-
tomers will sustain no loss whatever. The accounts
are being made up with all possible dispatch, and in a
very few days they will be in a state to be submitted
to those interested.

" We are, gentlemen, your faithful obedient ser-
vants, " SANDERSON and CO."

The above letter is satisfactory ; but in connexion
with the anticipations it expresses, it must be re-
marked, that even supposing them to be correctly
founded according to the information now obtainable,
it would still be impossible to rely upon them at
present. A week or two must pass without any
further serious failures before it will be right to in-
dulge any confident feeling as to a comparativelyp
favourable result, since in the majorily of stoppages
which have recently occurred, it is fr, m a deprecia-
tion of assets subsequent to suspensiutrthat much of
undlit, ltimate evil is apprehended. a
ppears that a point Ns been raised, which,
he peculiar circumstances will be regargrd'by
all parties with much Tait], to The effect that the
liability of Gard' in the firm still continues, his
irtisement it aving been completed by the legal
% 'for of a nutil in the Gazette.—Times.

The failure of Sanderson and Co. has been the
chief subject of conversation in the City; and the
most eager anxiety has been manifested to learn whe-
ther any other firms had " gone," in consequence of
the stoppage. There has, of course, been an abun-
dance of rumours, and every one known to be con-
nected with the firm has been alluded to as certain to
suffer severely from the failure; although, as we
mentioned yesterday, Mr. Sanderson has stated po-
sitively that if a little time is granted all the liabilities
of the house will be met without difficulty. The real
effect of the failure cannot, however, be immediately
known. Those who have for many years depended
on the firm for advances on bills must be most seri•
ously inconvenienced, and it is confidently stated that
the Bank of England cannot afford assistance in this
crisis. Her reserve of notes is not of sufficient
amount to enable her to come to the relief of the
commercial public, as she might have done before the
Bank Charter Act placed the limit on her issues.
During a time of pressure the Bank will now be
obliged, for her own safety, to increase its intensity
by limiting her advances and calling in her loans, in-
stead of adopting her former practice. As her issues
are fixed, her reputation is worthless to her. She will
not be allowed to throw the shield of her influence and
credit over those who are in danger. She cannot
lend them the use of her great name during a panic.
The bank-notes, which might save thousands from
bankruptcy, are locked up in the " issue department."
Credit is withheld at the very moment it is most
wanted, but will be abundant enough when there is
a plethora of gold, when confidence is restored, and
when credit is not required. The " currency prin-
ciple" of the Peel-Lloyd school is now being really
carried into effect, and its " beautiful simplicity" of
action may be seen by any one. Merchants are sa-
crificing anything and everything for ready money ;
while the banknotes that would readily be lent to
them, and would enable them to withstand the crisis,
but for the Bank Charter Act, are locked up by the
" fixed issue." We think we may state with confi-
dence that the stoppage of Sanderson and Co. has
been occasioned by Sir Robert Peel's Act. They
would not have been compelled to suspend payments
but for its interference with banking accommodation
at a crisis like the present; and, if we mistake not, it
will make bankrupts of thousands unless it is modified
without delay.—Herald.

FIRE IN THE OLD KENT-ROAD.—Last evening
between seven and eight o'clock a fire broke out upon
the premises belonging to Mr. Monday. a carpenter and
builder, in St. Jatnes's-place, Canal Bridge-road, Old
Kent-road. The flames originated, it is supposed, from
a spark flying from a lighted candle, and in a few
minutes the house presented i ne sheet of flame. Attempts
were made to extinguish the fire, but without the least
success, and the spacious workshops and the piles of
wood became ignited. With all possible expedition the
various engines reached the scene, and the firemen at
once set to work from the Surrey Canal, but, not with.
standing
the flames, they were not subdued until the dwelling.
the immense quantity of water scattered over
house, the workshops, and timber-yard were reduced to
i sez :
ceotdlor
dad:n, ,
gztehnteos
a mass of ruins. The damage done is very consider-
able, and the sufferer is only inoNsfiiii..,eavdneilo,rrott,ns.ioloell,ur,.
crenl,inthudraees-
pendently of Mr. Munda3's loss, the premises of Mr.
Wickson, butcher, are seriously injured.
, a considerable
WEST INDIA PRODUCNvbEaae.
is: :swell
between
vessel, e ,?2, .:I:ea.
etshtelvnedsisacnxspreoadrugeo A
woods,bp roorutgo hf t6.Bi Liverpool
i live
i v Aad dtuitritol fenr,ot
aomn ad
arrived
ntohfuemp officiali
bnee number aopfp rlpeieorsftaonWfd also of turtle were thrown over-
cboonasredgaunednenebaonfdosntreedssduorifngtheN'
so valuable a portion of the cargo being cast away, in
paangdsatghee,pwinaessm:st probably
gaining access to the more bulkying
S‘c , being to the difficulty of
owing weather experieln'hcedcaounsethoef
to theemanedrgeuniac;i.eldy portion,
stowed away at the top of the
hold and more accessible.
THE LATE DR. LYNCH
Mayor, upon taking •
chair
at the Mansion-house,
said—" It
gives me much pleasure to ()hum from the
public journals that a subscription has been commenced
for the benefit of the widow and children of the late Dr.
Lynch, and I think I should not be doing my duty as
chief magistrate of the City were I not publicly to ac-
knowledge the zeal and devotion displayed by that
gentleman in his endeavours to promote the cause of
sanitary improvement in the metropolis. It might be
said that the service in which ho fell was a public ser-
vice ; and I therefore consider that his wife and children
are entitled to the commiseration of the public. I am
anxious to aid so good a cause, not only individually
but in my public capacity ; and shall be happy to for-
ward any f donations which I may be favoured with to
the committee." _ _

- MEETING OF THE MILLOWNERS' ASSOCIATION.—•
We understand that a meeting of this body took place
to-day (Tuesday) which has just terminated. The object
of the meeting was to take into consideration certain
resolutions submitted to them by Mr. Hiudley and Mr.
Wilson Patten, analagous to the proposition recently
brought forward by the operative spinners relative to a
temporary cessation of work. Tne meeting decided
unanimously, we b lieve, that an entire cessalicn of work
was not only impracticable, but in the highest degree
undesirable, and likely only to lead to very severe pri-
vations among the factory population.—Second edition of
Manchester Examiner.

1-11,41! WATER AT LONDON-BRIDGE TZIIS DAY.
Morning.. 24 minutes after 5. I Evening .. 43 minutes titer