The Sun.
London, England, 1841-07-26 00:00:00

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF THIS DAY.
TIMES.—Some uneasiness was caused in the middle of the
week among the Directors of the London and Country Joint
Stock Bank by the absence from business of Mr. Thomas
Dighton, the manager, who disappeared under the most mys-
terious circumstances, and of whom to the present time no
trace seems to have been found either by the Directors or his
family. When his absence was discovered, the Directors, it is
said, examined the books, cash, and securities of the Bank, and
had the satisfaction to End that nothing whatever had been
misappropriated. Thus the integrity of Mr. Dighton is by no
means affected by his absence, and all anxiety of the Directors
is at an end, excepting that concerning the fate of the chief
officer of their establishment.
POST.—Something of a project for the capitalization of
the dividend of the Active Debt of Spain for the half year end-
ing November 1, 1836, or the first lapsed dividend under the
Tareno arrangement of 1834, is said to have been submitted to
the Cortes, and we are appealed to upon the subject, the holders
of the Treasury bonds given in lieu of the money for the said
dividend being desirous of knowing whether the new Minister
of Finance has really such a scheme in contemplation or not.
Without having any special information upon the subject, we
should hope there must be some inaccuracy in the announce-
ment ; for, to suppose otherwise, would be to assume upon in-
adequate authority, that Senor Surra y Rull is not only not the
honest man he has been represented to be, and one who is well
affected towards the peopleof this country, but further, it must be
assumed also that his financial legislation will, at thevery outset,
be based upon the most unpardonable ignorance. According
to the new synopsis which has appeared in the papers, M.
Roll proposes to convert the Coupons in question, as repre-
sented by the Treasury Bonds, into a Three per Cent. Stock,
with five per cent. interest to December, 1840. No w, after
all the discussion that has taken place respecting this portion
of the Spanish debt, it seems incredible that any man who
enters upon the office of Finance Minister of Spain should be
so consummate a blockhead as not to know that the conversion
of the November dividend of 1836 has been literally effected
and in the most complete, the most binding form already ;
that tha bonds given for it are guaranteed by special decrees,
with an interest of five per cent. per annum, and that those
decrees have never been revoked. Don Carlos was at the
gates of Madrid with the Treasury bonds—the promissory
notes of the Queen, Cortes, and Mendizabel, and backed by
the Ambassador in London, were issued by Mr. I. L. Golds-
mid. The language of the Minister was to the effect'that what-
evermightbe the demands upon his Exchequer, good faith should
be observed towards the holders of these temporary substitutes
for h-rd cash. The payment was advertised with all the for-
mality that the English Minis'er advertises the payment of
Exchequer Bills, first, on a given a day, when the price ad-
vanced to 65, while the ordinary debt was at no more than '2O,
and next (for the word, of the Embassy was broken), within a
short delay. The " The " short delay" has been a delay of
nearly five years. In this disgraceful position the matter has
been left; and it remains to be seen whether an engagement
of so pacific, so delicate a character—,an engagement, moreover,