The Sun.
London, England, 1840-01-15 00:00:00

EVENING EDITION.

31MIEY ratiiiii.ET and CITY SEWS.

TUESDAY EVENING.
CHRO N I CLE. -Th, chief object of notice
amongst the leading capitalists here has been the an-
nouncement that M. Jaudon had succeeded in nego-
tiating a new loan with the eminent house of Messrs.
Hope and Co., of Amsterdam. The transaction, how-
ever, appears to'have taken some of our leading moneyed
and mercantile men rather by swprise, it having gene-
rally been considered that the Man lately contracted in
Paris would have been sufficient to meet the exigencies
of the United States Bank in Europe.
The following are said to be the terms on which this
loan has been contracted :—The United States Bank
undertakes to deposit with Messrs. Hope and Co. state
bonds or securities for this loan of 5,500,000 of guilders,
or 450,0001. sterling ; Messrs. Hope and Co. taking the
loan for the period of five years at 90, and interest at
five per cent. per annum.
It is well known that by the present charter of the
United States Bank it enjoys, under a special clause,
the privilege of pa)ing the dividenis in paper upon their
stock, until that institution resumes specie payments ;
therefore it is considered that this lean has been nego-
ciated as an essential precautionary measure, whereby it
may be rendered in some degree unnecessary to make
further remittances of the precious metals to Europe, at
the period when that establishment resolves to return
to specie payments. At present the United Stares
Bank has succeeded in negociating loans to the amount
of about 2,000,000 sterling in Europe ; it may, there-
fore, be assumed that the United States Bank will be
tolerably well hedged for specie previous to its resumption.
By the last letters from New York it is confidently
stated that the United States Bank will resume in
February next.
There was rather more business done to-day in the
Continental Exchanges, His were in demand, but not
plentiful, and being soon taken, the quotations rather
receded on most of the continental cities from the rates
of last post-day.

TIMES.—By the advicos from Hamburgh of the 7th
inst.% the price of gold is 429 per mirk, which, at the.En-
giish Mint price of 3/. 17s. 101 d. per ounce for standard
gold, gives an exchange of 13. 7, and the exchange at
Hambnigh on London at short being 13. 641. it follows
that gold is 0'.3.5 per cent. dearer at Hamburgh than in
London.
The premium on gold at Paris is 7 per mile, which,
at the English dint price of 3/. 17s. 100. the ounce
for standard gold, gives an exchange of 25.32 i, and the
exchange at Paris on London at short being 25. 27i, it
follows that gold is 0.20 per cent. dearer at Paris than
in London.
The coarse of exchange at New York on London is
109 i per cent., and the par of exchange between Eng-
land and America being 109 23-40 per cent., it follows
that the exchange is 0.07 per cont. against England.
The Consol-market was flat to-day, owing to a rumour
that an increase both in the army and navy is to be
recommended in the speech from the Throne, and this,
united with the great falling off in the revenue, creates
the belief that some mode must be resorted to early in
the session for raising money. At present, however,
the depression is of no great moment, the closing quo-
tation of Consols being 90i to for money, and 91i
to 4, ex. div., for the February account. Very little
business was done to-day. Money was somewhat in
demand, though the price of Exchequer Bills remained
unaltered. _ _

In the ForPign house no reaction has taken place
against the depression in the prices of Portuguese stock
resulting from the Queen's speech.
The negotiations effected to-day in the foreign ex-
changes were rather more extensive than for the last
two post days. There were some bills on Paris and Am-
sterdam, which had been received from the United
States, in the market, but not to a large amount. Bills
upon Amsterdam were in great request, and the rate
gather lower in consequence. Paris and Hamburgh
were in a trifling degree higher.

POST.—Consols declined a little to-day, as well as
Exchequer Bills ; both the Stock-markets were, in-
deed, unusually flat. The same may be said of the
foreign bill market, the rates of exchange generally
upon the Continent being less favourably quoted than on
Friday last. The only novelty we have otherwise to notice
in connection with the Money Market is the conclusion
of a loan by Mr. Jaudon; on the part of the United
States Bank, with Messrs. Hope and Co., of Amster-
dam. The sum obtained we understand to be five
millions and a half of guilders, or 450,0001. sterling, at
the price of 90, and an interest of five per cent. per
annum ; the money to be reimbursed in five years.
Our funds may have boen influenced in some degree
by the knowledge of this operation having taken
place, as there can be little doubt that the
principal part of the amount negotiated will find its way
into the hands of the English capitalists. The leading
purpose of the loan is, it is supposed, to obviate the ne-
cessity of making any further importations of metals
from the United States, at a moment when the United
States Bank are about to resume specie payments. The
large shipment which arrived yesterday resulted from an
apprehension that existed in Philadelphia lest disho-
noured bills to a large amount should have gone out by
the Liverpool ; but this not having been the case, the
return of an equal sum will speedily take place ; but,
as the remittances from the Continent, &c., continue
large, it cannot much affect the Treasury of the Bank
Qt. England. We may instance one remittance which
came to hand yesterday. It consisted of a ton weight
of bunion, and was sent up to the Bank by the com-
mander of the Ibiria steamer, from Lisbon.

HERALD.—The opening of Parliament on Thurs-
day now attracts considerable attention. It is thought
that even if nothing be said in her Majesty's Speech on
the subject of the duties leviable on foreign imports,
that the depressed state of trade cannot pass without
notice. Should this prove to be the case, it is thought
that the question of fr,2e trade may come under discus-
sion; attended by favourable circumstances, and that
measures may be adopted that wtll afford relief to our
manufuctureis. In the meantime there is little disposi-
tion evinced to de business largely, as all parties
are desirous to suspend transactions of magnitude
until the contents or the speech be known, and
some data afforded by the tone of the speakers
as to the general course of policy likely to be adopted
by Ministers. It is felt that there is no branch
of our productive industry the future prosperity of
which will not be affected in an unusual degree by the
deliberations of the epsuing Session of Parliament. The
discussions regarding our Indian possessions, and the re-
opening of the trade with China, are looked to with
much anxiety'by the great body of merchants and shop-
keepers, and the comforts of the British consumer are
deeply involved in their early adjustment. The impor-
tant questions discussed at the late meeting of the Ger-
manic Commercial League, which have since been so
ably illustrated by Dr. Bowring, are of essential value
to our national prosperity, and expected to receive
early attention ; while the placing of our commercial
relations-with Prance upon a more satisfactory basis is
also looked forward to with the greatest interest. Our
North American colonies and our relations with the
United States are also subjects on which discussion
, may be expected.
The flush of money which has been felt in the Lon-
don market since the payment of the dividends still
continues, but many persons doubt whether it will not
speedily disappear ; others again look confidently for-
, ward to a continuance of the present state of things ;
i and there is thus no little diversity of opinion among
capitalists as to the future value of money.
Mr.' Jaudon has completed a new loan, to the
amount of five millions and a half of florins, with the
house of Hope and Co., in Amsterdam—equal to about
450,0001. sterling. This loan has been made under
the old authorisation for 800,0001., the negotiations for
which vvele broken off when the United Stares Bemis
suspended specie payments. The terms show that
money is abundant in the Dutch capital—being 3 per
cent. bonds to be issued at 90 for five years, and to be
then - redeemed at par, covered in the Lean time
by a deposit of State Stocks, and 30 per cent.
of the amount of the loan being payable in cash, 30
. per -cent. in Pebraery, and 30 per cent. in March
next:- If the Bank of the United States will now turn
over ,a- new leaf, and vetify, by a prudent course of
conduct for the future, the serstiments contained in the
letter of Mr. Jaudon, which appeared in our City ar-
ticle yesterday, 'it seems now i,, a fair way to recover
from its embarrassments, and to regain its former cre-
dit. Dirt much will depend upon the directors aban-
doning the loan and accommodation system, which
Messrs. Barings justly allude to as the cause of the
difficulties in which that institution had been placed,
aid which had hitherto caused them to decline appear-
ing as its agoras.
The low value of money in Amsterdam, and. the
certificated remittance of the loan effected by Mr. Jau-
don, together with the large supplies of specie by the
American packets, led to a general expectation that the
sate of the exchanges with Holland and Paris would
have been favoureble to-day ; but, on the contrary, it
will be seen from the quotations below that on Amster-
dam the rate of exchange is remarkably low, and that on
Paris And Hamburg the rates are also flatter.

SUN.—The Foreign Exchanges were all lower
again this afternoon, the rates en Amsterdam especially,
ita consequence of the contract of the new loan in Hol-
land.. This rate fell to 12 2i ; that on Paris to 25
5,5 ; on Hamburg to 13 9 ; on Frankfort to 150} ,
and on Antwerp to 12 2i.
The Colonial Markets were all brisk this afternoon ;
S9gar, Coffee, and Rum were in request, and at im-
proving prices. The demand for Teas continues, but
not at higher rates than yesterday.
'ho English ,*'ock Market left off this afternoon
my heavily, prinecipaily owing to the state of the Ac-
count fur the approaching settlement. ' Consols for the
Account left off at 921 ; for Money at goi ; and for
February at 92k.. Exchequer Bills done at 9s. prem. ;
and India Bonds at 2s. prom ; Back Stock remains
at 1,9.
There was a good deal doing, in Spanish and Portu-
guese Bonds this afternoon. The latter fell to 331 ;

the Three per Cents. to 231, and Spanish to 24:1; ;
French Five per Cents. receded 4 per cent., and Dutch
are a shade lower than they were in the morning.
In the Republican Bonds we cannot quote much
variation.

Shares were in most cases lower also this afternoon.
The Brighton receded to Ili- discount ; the North
Midland to 81i- Ex New Shares ; the Manchester and
Birmingham to 11 discount ; the Great Western to
par ; and the Eastern Counties to 111 discount. Bri-
tish North American Bank Shares were sold at 3 dis-
count to-day.

POLITICAL SITIII3IARY OF THE

MORNING JOURNALS•

The Times of this morning, speculating on the topics
likely to be alluded to in the Queen's Speech, observes,
with reference to the late Newport riots :—" The hum-
bler classes of traitors, it wi I be shown, have been
promptly arrested ; some of them convicted, and otin•rs
put upon their trial ; but with
in
regard to the Gover-
nment's impartiality, as exemplified
tbeimpunity
which they extend to the more dangerous Chartism of
O'Connell, who is drilling his trilliums to repeal the
Union by violence, the odds are that this ticklish topic
will be excluded from the Royal Speech altogther, on
plea that en allusion to it would be
the old political
highly inconsenient.' "—The Morning Herald thus
alludes to the great Anti-Corn-law meeting at Manches-
ter :—" This meeting is an important one ; it indicates
the renewal of the crusade against native industry,
It indicates another step in the great march of
social revolution. Let not the landowners and
farmers of England deceive themselves in this
matter. Tile Anti-Corn-law agitation which is
now making itself felt in every part of the
country is no passing madness—no transient at-
tempt at fraud. No : unprincipled as is that agitation
—selfish and shameless as are many of the schemers who
have set it on foot—still the agitation promises to be
lasts or, er its authors are not likely soon to lose their
energy, or to grt rid of their dishonesty of purpose.
These men arc, emphatically, men of action. They are
shrewd, cunning calculators. Ministers, last year, de-
clared the Corn-law question an open one. This year
they may, perhaps, adopt Repeal as a Cabinet measure.
In every quarter, in short, may be traced indications
that the Anti-Corn-law struggle is likely to become
more desperate ever.), day." The Morning Post re-
marks, in an aiticle on the Corn-laws :—" There ought
to be laws giving the home agriculturist a fair
protection against foreign competition ; and no
more, lest he turn monopolist. Again, there
ought to be a policy adopted to make up for the scar-
city of one time out of the superabundance of another.
The great owners of land ought to become, in very
abundant years, great owners of corn. Thus would
excessive depression of price be prevented, and thus
would the means be provided of keel ing down the price,
and feeding the people in years of deficient crops."—
The Morning Advertiser, in an article suggested by the
great Anti-Corn-law Meeting at Manchester, expresses
itself in the following terms :—" Ministers should lead
the way in this great struggle, for, independently of the
magnitude of the interests at stake, the abolition of the
Corn-laws would afford time and means for a more calm
consideration of other topics to which an oppressed
people are urging the Legislature. The Tories should
unite in the effort, because it is calculated to allay the
most dangerous of all revolutions—that urged on by the
promptings of hunger. The people should give this
subject priority of all others, because it is one on the
speedy adjustment of which depends the preservation of
our commerce."—The Morning Chronicle makes
the following remarks on an intended Chartist outbreak
which was rumoured about the metropolis last night :
" Accounts of an intended Chartist outbreak in this
metropolis reached us last night, and we took all pos-
sible pains to ascertain what foundation there might
be for the rumour. We were at the same time quite
aware that the number and character of the parties
disposed for mischief were not such as to leave the
least room for apprehension that they could seri-
ously think of resistance to the public authorities.
We ascertained that there was a meeting of the
Chartists last night at the Hall of Trades, Abbey-
street, Bethnal-green, attended by numbers variously
estimated at from six hundred to one thousand ; but

if they had any mischievous intentions, no evi-
dence of them was afforded, for they separated quietly.
In consequence of communications from the Home-
office, orders were transmitted from the Horse-guards
to the different barracks and the Tower, to have the
men under arms, and the different police stations were
also ordered to be on the alert. The intelligence having
been communicated to the Lord Mayor, precautions
were taken for the safety of the City. We conceive
these dispositions were made with a view to convince the
evil-disposed of the hopelessness of any endeavour to
disturb the peace and order of society, if an intention
to do so were really entertained. Our readers may be
assured that the authorities are quite alive to all that is
passing, and both ready and able to protect the public
against any mischievous attempts."

Baron Weinkheim arrived at Mivait's Hotel

on Monday night, from a tour in Scotland.
We regret to state, that on the morning of
Saturday last, three men, forming part of the crew of
the schooner Lansdown, of Limerick, Mr. Turnbull
master, at present lying at the Broomielaw, were found
suffocated in bed. It appeared, on an investigation,
that on the preceding evening the men had been on
shore drinking, and after their return to the vessel

during the night, they lighted a fire in the forecastle,
closed the hatch, and went to sleep.—Glasgow Herald.

TRY. SUN. .LO

IVlOls, ,UTH SPECIAL

Co NI M ISSION

TRIAL OF JONES FOR HIGH TREASON.
MONMOUTH, TUESDAY EVENING.
_ _

I send an account of the proceedings to-day, in the
case of Jones, up to the moment of dispatching the

express.

Jones, you are aware, is the third of the leaders to
whom was entrusted the attack upon Newport, and,
if one were to judge from his demeanour in the
Court-house of that which might have been his bear-
ing, had he joined in the conflict, it might well be
inferred that he would have been the most coura-
geous of them all. He seems not merely unmoved,
but to treat the entire matter with defiance, if not
with contempt. He appears to be a man who believes
his life to be in danger, and who scorns the death he is
about to meet. His conduct is a contrast to that of
his predecessors, and yet they were most unlike each
other. Frost had moral courage, and was deficient in
personal bravery—he ran away at Newport, and yet at
the bar, and during the whole of his trial, he manifested
all that steadiness and self-possession which true moral
courage alone could give him ; while Zephaniah Wil-
liams, who was known to be a bold, daring man, and
who upon the first repulse of the Chartists, wanted
them again to attack the soldiers at the Westgate, was
utterly destitute of moral courage at his trial ; for he
was incapable of giving a useful suggestion to his
Counsel, or of directing his agent. A more miserable,
erec-fallen creature I never beheld in a dock than
Zephaniah Williams. He only seemed to collect his
spirits and brace up his nerves when the worst had be-
fallen him, and the Jury pronounced a verdict of guilty.
Jones has been alert, active and vigilant, seeming to do
everything that be can to save his life, but at the same
time manifesting in the looks he casts upon his Judge
(Mr. Justice Williams) and his Jury, that he has no hope
from them.

Upon the case of Jones being disposed of, the three
Judges, I am told, will sit in separate Courts for the
trials of the remaining prisoners, and it is not at all im-
probable that sentences and all will be over by Satur-
day evening.
The names of the Jurors, as in the previous cases,
were baliotted for. The prisoner exhausted his chal-
lenges, while the Crown challenged thirteen names.
The Jury hiving been chosen and sworn, were given
in charge of the sheriff's officers, and the Court ad-
journed at half-past five o'clock.