The Sun.
London, England, 1840-08-15 00:00:00

THE SUN, LONDON, SATURDA V, AUGUST 15, 1840.

in the name of the Committee, that they " are unable
to avoid arriving at the conclusion that it is undesir-
abic that, the places{
nt selec.ed:' I

in the situation ,vhi,2k,

„t -.r~.

clq;alit '• It ii is de,ir•
able in a great city to suggest the idea of space,
and having once obtained space, not to block
it up again ; if the general architectural effect of
Trafalgar-square, or of the buildings around it, is
to be at all considered ; or if at any time an
equally conspicuous position should be desired for
any other monument, the situation at present se-
lected for the Nelson Monuazent is most unfortu-
nate." Our readers, no doubt, were puzzled to
make out the meaning of the last paragraph ;
and we confess that to us it was totally unin-
telligible, till we looked behind the scene, an:l saw
the parties at work. We then discovered that the
entire object of the scheme was to take the affair
out of Mr. RAILTON'S hands, to have another
competition, not for one, but for two pillars in that
very space which they had resolved would be
" blocked up again" by only one ! This modest
and consistEnt proposition, it appears, was made
by a professional gentleman, Mr. COCKEREL ;
it was embodied in a resolution in these
words—" Mr. COCKEREL proposes that two
columns should be placed in the area of Trafalgar-
square—two equal columns, the one in honour of
NELSON, the other in honour of WELLINGTON,"
and it was finally rejected with much difficulty. We
find also that all the important paragraphs in the
Report were carried by a majority of only one, and
that the principal paragraph,. recommending that
toe site should be altered, was carried by the
c,,sting vote of the Chairman, Mr.GALLY KNIGHT.
We look upon such proceedings as disgraceful to
professional men, and to those who abet them The
same miserable, petty jealousies and squabblin_gs, pie-
yailed to an enormous extent when Mr. BARRY
gained the prize for the Houses of Parliament—
they have also delayed, for at least twelve months,
the rebuilding of the Royal Exchange ; and if the
Report of this select Committee were to be attended
to, a great portion of the money subscribed
for the NELSON Monument, would be absolutely
thrown away. The NELSON Fund Committee,
however, as will be seen in another part of the
Paper, have taken no notice of the Report, they
and the Government will treat it as so much waste
paper ; and all that remains for Mr. DALLY
KNIGHT and his professional men is the mortifica-
tion of having made, for what reason they know
best, a vain attempt to obstruct a great national
undertaking.

the Marseilles and Toulon papers various commu-
nications from Constantinople ?r,.(1 Akxnndr;.l: $.ll
- •
French

ar-pr

rlJtln &qua,
a war between England and France, which titi iii be
found in another part of The Sun. The omission
of an especial reference to France in the QUEEN'S
speech proroguing Parliament, has given great dis-
pleasure to the French Government, and on Thurs-
day produced a decline of 1 per cent. in the Funds.
In the mean time our ears are stunned with the
noise of French preparations for war. Ever\ port
of France reverberates the bellow of furnaces, Gad
the clang of hammers and anvils. Waniors are
enumerated by hundfrds of thousandi, awl war-
vessels by scores. France has dreadv demanded
the extraordinary credit of seventy-sixini:lions of
francs, placed by the Chambers at the disposal of
the Ministry, so that the national outlay is at tlis
moment at the rate of fifty-six millions sterling—
being seven millions sterling above the ordinary ex-
penditure of the country. This is no joke to
with It looks very like laying the toundation of
a new national debt.

The National derives consolation from the dis-
sentions among us as exhibited in the savins and
doings of Messrs. CHARLES ATTWOOD, CAR-
GILL, URQUHART,Ne,ve asatitel:l
ansomedelu
de
Glasfed arti
glow.zans of
Heaven
Ilileil7Flirgalt'iacten' if she never find inure potent allies
than these noisy, empty-headed declaimers I , She
is welcome, in any cause she may adopt, to their
sympathy.
Our patience begins to get exhausted. The
British press has dune every thing in its power to
promote a good understanding between the two
countries ; but France, instead of responding to
such pacific appeals, appears to treat them as if
dictated by fear. This cannot be tolerated. All
the noise in the maritime ports of France, and all
the warlike despatches in the ilioniteur, and all the
threateninis of the Fiend' press, have not awakened
the shadow of a shade of dread in an English
bosom. We do not make war like our naked ances-
tors, when the Romans first invaded our coasts.
Loud cries and the clangor of shields are not now
requisite to inspire us with martial ardour. We can
imitate the valour of -HOMER'S heroes without
their boasting.

ILATEST NEWS FROM AMERICA.

'

i A
DAYS f4lZu H

I, VE
AX.

the arriv,- yestenlay, at
Liverpool, in ten days from Halifax, we have re-
ceived New York Papers of the 31st of July. Tbe
news brought by them is not of much political im-
portance. There was, however, a very great de-
cline in the Money Marker. Since the last arrival
from New York, dated the 20th of July, United
Staten Shares fell from 704 to 61-2. The weather
was very fine, and the crops more than usually
abundant. The first bale of new cotton was
shipped on the 11th of July from New Weans,
which is a month earlier than the first shipments
for the two previous rears. The New York
Courier and Inquirer of the 27th of July, in re-
viewing, the state of ►trade in that city for the pre-
vious week, says--" We regret to be compelled to
say that the week just cloned has not presented
any diminution in the depression which pervades
all kinds of business. On the contrary, the ru-
mours afloat respecting the solvency of institutions
which have acted an important part in the monetary
Concerns of the country, have had anir:jurious effect.
Though heavy transactions took place in. Srocks
on Saturday, they were generally at a decline. Up-
wards of one thousand shares of the Bank of the
United States weie sold at a fall of 1i per cent.
We believe the Committee appointed to report on
the situation of the Morris Canal and Banking
Company have not yet entered on the task they
have undertaken. We understand the Committee
is composed of Mr. Cryder, of the house of Mor-
rison, Cryder and Co., of London, Mr. Isaac
Carow, Mr. Schuyler Livingston and Mr. Peiretto.
The following is the latest account of the Money
Market, from the same Journal of the 31st of

July :-
NEW YORK MONEY MARKET, JULY 31.

Thursday Night, July 30
There was but little alteration in fancy stocks to-day ;
1,000 shares of United St-tes Bank sold at 61 a 62, a
decline of p-r cent.
The operations in Foreign Exchange for the British
Queen are not large. Sales on London were made et 6.1
a 7, which is the fair quotation. Francs are 5 30. a 5 28+.
Amsterdam 391. Bremen 77. Hamburg 34 a 354.
There is a gool demand for Domestic Exchanges at the
annexed quotations. Southern and Western Funds are
more sought after, but Philadelphia is rather worse.
Philadelphia
Baltimore ..... 24- a 24
Richmond 21 a 3
Charleston . 24 a 0,: f
Savannah .. 7 a 74
Augusta
71 a 8
Florida
Natchez .......
London
Mobile 7l a 8i
New Orleans
Louisville . 7z a 8
Cineinnatti
St. Louis
Nashville ll a 12
Union Misiissipj
OttKr Mississippi
Franc, 5 274 a 5 30
The following were the quotations on the previous
day