The Sun.
London, England, 1841-01-26 00:00:00

THE SU', LONDON, TIYEDik.Y, JANUARY, 2!), 184t1

but more—much more—was attributable to a con
viction on the part of his audience that he was
pleading the cause, not of sophistry, but of com-
mon sense—not of ascendancy, but of equal jus-
tice for his Catholic fellow-countrymen. Yet,
flattering as it was, the Hon. and Learned Gentle-
man's reception at Leeds was not one jot more
flattering than it would have been at any other
great English town he had visited. Everywhere
he would have found the same kindly disposition
towards Ireland, combined with the same readiness
to assist her in preserving those rights of which
Lord STANLEY threatens to dispossess her; for
JOHN BULL, if not a very quick-witted, is at any
rate a very sagacious, old gentleman ; he knows full
well the difference between right and wrong ; can
distinguish between a hawk and a hand-saw ; and,
above all, is remarkable for his love of fair-play.
This is a truth which Mr. O'CONNELL might
have known long ago. He need not have travelled
to Leeds to ascertain it ; but having once—accord-
ing to his own confession—found that the case
really is as we state it, we trust he will henceforth
be cautious how he accuses " the Saxons" of
being indifferent to the interests of the sister
country. The Conservative party, he should re-
member, is not England, any more than the noisy
Republican faction in Paris, is France.

The Hon. and Learned Gentleman's speech was
i►n his most lively, spirited, and pointed manner.
He told his Leeds audience many useful truths,
especially on the subject of the Elective Franchise
and the Ballot, which, he observed, must go hand-
in-hand together, otherwise they would do mote
harm than good. "On whatever side,"•said Mr.
O'CoNNELL, " the poor man gives his vote, ruin
threatens him on the other ; give him the franchise
without the protection of the Ballot, and
you hut tempt him . to plunge himself and
his children into destruction." A shrewd, per-
`anent hint this to those Reformers of one
idea, who conceive- that in the Ballot alone
lies a sufficient remedy for all the evils growing,
out of the present system of election ! In his al-
lusions to the House of Lords, the Hon. and
Learned Gentleman was, we think, rather too
lenient. Considering that this body is essentially
Tory in character, and distinguished by its hos-
tility to Ireland and everything Irish, they were
let off much too easily. Their " hereditary wis-
dom" should have been insisted on with more
vigour, and its blessed effects on Reform
have been pointed out with more minute-
ness of detail. The House of Lords
is no friend to Mr. O'CONNELL, and he will not
disarm its hostility by treating it with forbearance.
He had better, therefore, strike hard, whenever the
opportunity offers, for it is only by a severe course
of discipline that refractory and prejudiced bodies'of
men can be rendered amenable to reason. When
a Russian officer—says a recent traveller—wishes
effectually to reform a disobedient subaltern, he does
not gently remonstrate with him, but at once gives
him the knout, which effects all the good he could
desire ; and in like manner, if Mr. O'CONNELL
wishes to render their Lordships more tractable,
he must give them the knout, for he may rely
on it, all his moderation will be thrown away, and
this is the only hint they will take either from him
or from any one else. It was by knouting the
collective " hereditary wisdom " that we wrung
from it the Reform Bill ; and it is by the knout—
and the knout only—that Mr. O'CONNELL will
ever be able to induce it to turn a favourable ear
to the supplications of Ireland.

Mr. O'CONNELL's remark that the: advocates
of Reform ought to have a Central Association in
in London acting in concert with the Leeds and
other provincial societies, is one that de-
serves every attention. By such means, una-
nimity of sentiment and opinion will be greatly
increased among the Reformers ; their moral in-
fluence will be multiplied tenfold ; they
will be brought more into contact with each other ;
their mutual asperities will be softened ; their re-
solution, instead of flagging as it has so often done
of late, will have a constant stimulus imparted to
it ;
ape circulation of useful intelligence will be
quicker and easier among them ; and instead of
moving in separate orbits, they will move altogether
as one compact, majestic, irresistible body.

The French Journals of Friday have been received,
but those of Saturday have not yet arrived. They are
wholly occupied, as might be expected, with the debate
in the Chamber of Deputies, on the Fortifications Bill,
of which on abridged Report will be found im another
art of The Sun. The speech of M. DE LAMARTINE
against the Bill will be read with pleasure by all having
really at heart the.wellare of France.
The Austrian Minister and the Papal Internuncio at
Berne, have protested against the suppression of the
convents in the Canton of Argun, on the ground that
ON Act violates the fundamental compact recognised by
th e Cosigress of Vienna. It was supposed that the
Frvech Minister would unite in this protes.
nom Madrid we have advices of the 2.5 th inst. No
forth ex interruption of the public tranquillity had taken
place. A good deal of business was transacted in the
Bourse., The Five per Cents. rose to 301 for cash.
BOURSE P
—. ARIA, FRIDAY, JAN. 22.
. t irst Highest Lowest Last
Price Price. Prict. Price
fre.ich t. per' •I'ilits
43(, I es. Cents _,.. 10.1 LO ... 112 50 ... 102 50 ... IC2 50
4 per ^..-ents
3 per i 'ents 77 26 .... 77 f2O ... 77 10 ... 77 '.O
8 iik of r lam e• ...... .....
Lattitte Bank 1. ',WM. Sh lO5O ...1050 ...105 ...Mc,
~,eigmn Bank ..,
5 per Cei t.. 7 58,4 ... 05... 08% ... 181.0%
3 per Cents'
New Lean . 98% ... 95% ... OS% ... 18%
ipanish Active
Passive .. 6% ... 6ii ... 6% ... 614
New Dcferrt t
Portuguese 3 per Cen. 'a
Neapulitan
Roman .... 100 ... 100 ... IGO ... 114)

MONEY and COMMERCIAL NE WS.

CITY, MONDAY EVENING.
Accounts from Matamoras of the 7th November,
state that a treaty had been concluded at Camargo, on
the Gth of that month, between the Mexican Generals
Arista and Canales, which will put an end to some in-
testine troubles. It will probably enable the Mexicans
to make a more decided Effort against Texas. M.
Rubio de San Luis Potosi had effected an arrangement
with the Mexican Government, by which he is em-
powered to introduce into the Republic, by way of
Matamoras, merchandise to the amount of on• million
of piastres, in consideration of the sum of 300,000
piastres, to be paid by him, in aid of the cost entailed
upon the country by the preparations against Texas
It is to be hoped, however, that when the Mexicans
learn the recognition of Texas by England, they will
be disposed to come to some amicable arrangement
with their enterprising neighbours.
Consols have ranged from 898 to 90 for immediate
transfer, and from 908 to 90-4- for the Account, being
about the previous rates. Exchequer Bills remained
all day at Gs. to Bs. premium ; and East India Bands
rallied again to Bs. and ss. discount. Bank Stock is
now slightly influenced by the disposition of some of
the holders to realise the large profit of 15 per cenLi
which has accrued from the recent steady and rather
remarkable advance. It stood comparatively low, con•
sidering that it yields a dividend of 7 per cent. per an-
num. The current value to-day was 1691 to 1681, or
a decline on Saturday's prices of about per cent. The
Reduced Three-and-a-Half per Cent. Annuities were
steady at 984 to 988. the New at 98 to 984, and the
Three per Cents. at 90t to 90i.
The Foreign Stocks are scarcely dealt in to-day.
The Active Spanish Bonds were marked 258 to 251,
which were about the same as they closed at last week.
Portuguese New Five per Cents. were at 328, and the
Three per Cents. at 20} to -a. Peruvian Stock was at
16i, Colombian brought 238, Mexican remained at
281 and Buenos Ayres receded from 22 to 21. The
Two-and-a-Half per Cent. Dutch Bonds were steady
.at 504 to and the Five per Cents. at 998 to
Railway Shares did not fluctuate much. Great
Western brought 27, London and Birmingham 85,
South-Western 18f,-, and New Manchester and Leeds
3 to 4 premium ; Brighton were 7 to 68, and Black-
wall 4 discount. Australasia New Bank Shares were
11 premium.

(From The Sun of Lan Night.)
We have no Liverpool Cotton Market of Saturday.
MA NCHESTIM STOCK . EYCLIANCE, JAN. 23.—There has
been more business done to-day, but at lower prices. The
sales are, Grand Junction, 214; London and Birmingham,
(quarters) 27V; London and South Western, .574; Manches-
ter and Leeds, 76 76i and 76; Manchester and Birmingham
Extension, 22. 18s. Gil. ; Manchester and Salford Bank, 10%;
Union Bank of Manchester, Ba.

The Lapwing packet has arrived with a mail from Rio Janeiro,
sailed Nov. 26, by which we have received a Price Current of
Nov. 26. Thu intelligence received last night by the
Spider packet of the adjustment of the difference between
France and the Argentine Republic, and the raising of the
blockade of Buenos Ayres, has not produced any effect upon
our Money Market. The foregoing convention was ratified by
General Rosas on the 3d October.
Exchange.—The current rate upon London was 32-1 until
the 19th and 20th, on which day fair accounts were negotiated
at 33, from which period the whole of the transactions re-
ported were at 32%. Money came forward comparatively
abundant at the latter rate, and it fell to 32a 324. Transac-
tions were likewise reported at 321 but for a very insignificant
sum. Stocks have been 77 and at that price there are purchasers.
Specie—Spanish Doubloons improved upon the 19th from
D. 26 800 to 27 '2OO and further to 27 400. Discounts—the rate
continued high, but money is obtained with rather less difficulty:

We hae received eve of Good Hope papers to the 22nd
November.
From the Frontier we only hear of peace and politeness ; to
make the first permanent, men have only to cultivate the latter.
SLAVE TRADE.—The Amelia, from Mozambique of 31st
October, detained by her Majesty's brig Acorn, came into this
port on Thursday evening with ten slaves and 25,000 Spanish
dollars on board, all lawful prize.
We h4ve heard from good authority that the Portuguese
Governor of Mozambique has declared himself against the
slave trade, and that he has taken active measures to suppress it.

We have received the Journal of Antwerp of Saturday's
date ; that of Sunday has not as yet arrived.
BOURSE OF AMSTERDAM, JAN. 21.—The prices of the Na-
tional Funds have varied little, and the affairs have not been of
importance. The firmness of the Bourse of London had not
any effect here. The Actions of the Society of Commerce
opened at 160, got up to 1605, and closed at 160 k oh. Ar-
(loin's Spanish having got up in London, and being more firm
at Antwerp, were better, and done at 21i 15-16. After the
clase Coupons 183/4 13-16.
The Hamburgh paper of the 19th instant has just arrived.
Exchange upon London, 13 2 ; Gold, 424 ; Metalliques, 105 ;
Bank Actions, 1675.
The Siddons packet-ship hat arrived from New York, old
slate.
Consols opened this minting at the leaving off prices of Sa-
turday, 90h Buyers for Feb. 25; Money, 89% 90; Exche-
quer Bills, 6 8 prem. ; Bank Stock, 169 170; India Stock,
250 252.
In the Foreign Market Spanish Active as they left off on
Saturday, 25i ; Deferred, 12i 13h ; Passive, 6h 6i ; Portu-
guese same, 325 ; Three per Cents., 205 ; Brazilian, 73 74 ;
Colombian same, 235 4 ; Mexican, 285 a ; Dutch Two-and-
a-I-;,!lf per Cents, 505 p ; Fiie per Cents., 995.
su,otEs.—Great Western, 26 to 27 prem. ; New, 12 13
prem. • tendon and Brighton, 7 65 dis. ; Blackwall, 45 35
ilirml,,gbam, 82 84 prem. ; Southampton, 57 58 per
share; Croydo:l, 125 per share; Greenwich, 85 per share;
Manchester and Birmingham, 15 14 dis.
PRICES OF SHARES THIS DAY AT ONE.
RAILWAYS. Paid. Per Share.
Great Western .....
Ditto Fifths ... ..................4 .... 103
London and Brighten „.... 50 ..... 435 to 43
London and Birmingham 90
Ditto 5 Shares , 5 ..... 285...... to
London and South Western
38L 575... .. to
Nlanchester and Leeds ( New Sh. ) • ••• •• 29
South Eastern and Dover
Accounts from Leghorn of Jan. 1. are of a very unfavoura-
ble nature respecting commercial affairs in Italy. An extra-
ordinary panic prevails, owing to the enormous failures which
have taken place at Leghorn, Geroa, Boulogne, Mantua, and
Turine. This is entirely attributed to the stagnation in com-
, merciel affairs.

The Buenos Ayres papers received this morning, although
not of a later date than previously received, are of some inte-
rest. It appears that seven British vessels of war were off the
Port of Buenos Ayres—Stag,
46 guns; Curacoa, 24 guns;
Rose, 16 guns ; Grecian, 16 guns ; Clio, 16 guns ; CameliOn,
10 guns; Spider, 6 guns ; The above papers contain the con-
vention on the part of the Argentine Confederation and the
Admiral Mackan, which has already appeared.

We have just received the Antwerp Journal of yesterday's
date.
BOURSE OF AMSTERDAM, Jaw. 22.—The national funds
continue without variation, as well as no business doing. The
attention of the Boirse has been entirely on the Spanish funds,
and above all, that of Ardoin's Coupons, which were sought
after ; the price, which was yesterday 18%, got up to 19h and
20i. Ardoin's Spanish ales were better, owing to the rise at
Antwerp. They were done at 223 after the closing; Two-
and-a-Half per Cent s. , 50 3-16ths; Five per Cents., 971.

The British Funds continue in an inactive state to the pre-
sent time, and we do not hear of a feature worth noticing, with
the exception that Consols are a shade better, soa to 904 for
the Account, Money 891 90 ; Exchequer Bills, 8 6 prem. ;
India Bonds, 8 5 dis. ; Bank Stock, 1691 1661, lower.
In the Foreign Market Spanish Actives, 2.51 ; Deferred,
134 ; Portuguese, 321 ; Three per Cents„ 201 ; Colombian,
23k; Buenos Ayres, 21 ; Dutch 'Two-and-a-Half per Cents.,
50111 ; Five per Cents., nothing done.
In the Share Market little doing. Great Western, fifths, 10e,
London and Brighton, 43; Manchester and Leeds, New Shares
28 ; London and Birmingham, Quarter Shares, 281/2 ; South-
Western, 571; South Eastern and Dover, 121 131. i
CLOSING PRICES. ...
BRITISH FUNDS.
Bank Stock ... 1681 India Stock ......... ... ..250
3 per Cent. Red 904 Ditto Bonds
3 per Cent C0n5....., .. 90 Ditto Old Annuities —
3, per Cent Red........ 087,- Ditto New Annuities... —.
New 31 per Cent .. ... 984 Ex. Bills, 1,000/....21d 6pm
New 5 per Cent Ditto 5001 spm
Lcrig Annuities to expire Ditto Small lO pm
Jan. 1860. l3 3-16 Bank Stock for Acct ... 169
Oct 1859 ... ...... India Stock for Acct ... -
Jan. 1860 ... ...... 12i Consols for Opg 9Ol
FOREIGN FUNDS.

A ostrian, 5 per cent Portuguese, 5 per cent.
Belgian, 5 per cent _ Ditto, New Ditto..... 32/
Brazilian Bonds .. _.. Prussian, 5 percent.... --
BuenosAyres, 6 per cent 21 Russian, 5 per cent. . . _
Chilian, 6 per cant
Colombian, 6 per cent... Spanish, 5 per cent 251
Ditto, 1824 — Ditto, Deferred ... 13
Danish, 3 per cent..... French,s per cent... —f. —c.
Greek.lB2s, spercent. Exchange ..
Mexican, 5 per cent.... French,3 per cent —f. —c,
1)i to, 6 per cent, 1825 Dutch, 2} per cent 5O;
Peruvian,lB2s,6 per ct. Ditto, 5 per cent..... w
SHARES.
• Great Western Railway (65 paid) 92
Ditto New Shares (50 paid) .
Ditto Fifths ( 4 paid) lOl
London and Brighton (50 paid) 431
London and Blackwall Railway (22/ pd) 18}
London and Birmingham Railway (90 pd) 175
Ditto Quarter Shares ( 5 paid) 29
Ditto New Shares (24 paid)
London and South Western 57/
Alanchester and Leeds (70 laid) .. ......
Ditto New Shares (25 paid)
Northern and Eastern (40 paid) ...... .... 26
North Midland Railway (.1.00 paid) 77
Ditto New Shares (40 paid)
South Eastern and Dover (28 paid) ... In
York and North Midland Railway (50 pd) 72

UNITED STATES.

We have received files of New York Papers to the
28th of December inclusive—being six days later than
the last arrivals from the United States. We have
also received a file of the Montreal Courier to the 18th
ult. In none of these Journals do we find any poli-
tical news of importance. The following extracts from
them embody all that is interesting to an English
reader :

-- .
We learn from a high and authentic source, that General
Harrison intends positively to appoint Thaddeus Stevens Post.
master. General, and Solomon Van Rensselaer Collector of New
York. Thomas H. Burrows, late Secretary of State for Penn-
sylvania, is now on a ♦isit to North Bend, and General Harrison
has declared to him that he will make the appointments in ques-
tlen—and 111 r. Burrows has written to this effect to his friend
Stevens, in Washington.
There is a general and a remarkable movement among the origi-
nal friends of General Harrison, that may entirely upset the ar.
rangements of Messrs. Clay and Webster. In this movement, ori-
ginating in Pennsylvania, we learn that the original friends of
General Scott in this State, all unite.—New York Herald.

STEANIBOAT DISASTER.—Extract of a letter from New Orleans,
dated 13th : —We regret to inform you of a disaster to the steamer
Cherokee. She blew up when just about to leave the landing at
Louisburg, on the Arkansas river, killing sixteen or eighteen pas-
sengers, some of the cabin and some of the crew—amongst them
the Captain, C. Harris, Major Armstrong and ladies (his daughter,
'niece, and Col. Rector's daughter,)miraculously escaped unhurt.
Major A. had in charge a:large amount of Government funds, in
specie and paper, which is saved, although the boat is a total wreck.
SINKING OF A STEAMER.—One of the steamers which ply between
St. John and Fredericton, on the St. John river, sunk recently at
the whar tat Indian town, where she was moored. She was a tine
new boat, called the New Brunswick. The place where she sank is
the station above the falls, within about a mile of St. John, where
the Fredericton line terminates. She had on board a valuable
cargo of supplies and merchandise,—the persons on board narrowly
escaped. Serious loss of life might have occurred if this had hap.
pened while the New Brunswick was on her course. The St. John
boats, generally, carry many passengers. The sinking seems to have
been very sudden and unexpected. The cause is not stated.
DISASTERS AT SEA in 1840.—We give below the losses sustained
during this last year by wreck, which is probably greater in the
aggregate than ever before in any one year :

Class. No. Value of Vessels. Value of Cargoes.
Ships and Barks 67 $1,005.000 $1,675,000
Brigs 19.0 840,000 1,700,000

Schooners 233
Sloops

Steamers
Unknown ...... .

Aggregate

932,000 1,165,000
14,000 21,000