The Sun.
London, England, 1840-10-08 00:00:00

EVENING EDITION.

MONEY MA:itKET and CITY NEW S.

(WEDNESDAY EVENING.)
POST.—The money market has to day relapsed
into difficulties, and the funds have been depressed con-
siderably below the advanced quotations of yesterday.
Severalcauses have contributed to this return of gloomy
appearances, particularly the unsettled and threatening
language of the .French Ministerial Journals received
this morning, which lead some persons to suppose that
the King will not be able to dismiss from officeethe
troublesome Minister, Mons. Thiers, and that the war
party may not be restrained from desperate courses,
however averse may be the Court of the Tuileries
from the hazard of a general war. The misgivings
about the power of the King to rid himself of
Mons. Thiers have been the principal cause of
the ,monetary re-action of the present day but
there have been also the usual number of re-
ports about the Bar.k of England, arising out of
the continued unfavourable state of the continental
exchanges, and the supposition that difficulties were
to be expected respecting the sufficiency of the sup-
plies of gold. Money has been certainly very much
more difficult to be obtained than during yesterday.
respectable bills having been discounted in Lombard-
street at the high rate of 6 per cent., from which it has
been inferred that the Directors of the Bank of Eng-
land are endeavourinr, through the bill-brokers, to in-
fluence a general diminution of the discounts of bills of
exchange.
Respecting the reasonings brought forward by some
of the capitalists, that the Bank of England would
be brought into d fficultiea by the effects of a general
war, it cannot be doubted that a suspension of cash
payments would be legalized, as in the year 1799 ;
and this, it is thought, might prove to be rather a bene-
ficial measure, as increasing the general amount of money,
which is believed by enlightened persons to be too
small under the present system of payments in gold ;
her could even a direct declaration of war be so
iniu-ious to the Bank of England as the present
drains for bullion, which are caused entirely by the
apprehensions of such an event. But reasoning is not
the distinguishing feature of the Stock Exchange when
panic has taken possession of the minds of the dealers ;
and though nine-tenths of the members conclude their
conversation by assuring one another that there is not
to ba. a war, yet no person will operate upon that opi-
nion, and the funds have to-day been depressed by so
unreasonable a cause as that the vain and presumptuous
M. Thiers should have it in his power to coerce the
experienced and sagacious King of the French, and to
drag him into a war which is allowed to be almost cer-
tain to terminate with the loss of his crown and the
total ruin of his house.

It is further to be noticed that there are great num-
bers of persons who appear to be very desirous
that a war should in reality take place between
England and France. These are parties connected

with various departments of foreign commerce, par-
ticularly the South American trade, who have long
considered themselves injured by the obstruction of
their business through the blockades which the
French have established along the South Americas
coast. These parties are observed to be very vehement
in favour of a war between England and France, re-
marking that the French have long enough been tramp-
ling upon poor and defenceless nations, and showing
their valour in creating the most groundless and unjus•
tifiable blockades against such countries as Buenos
Ayres and Mexico, and that it is very good that a war
should at last take place with nations by whom they
are certain to be crushed. There are also merchants in
connection with the United States who describe the
feeling of the transatlantic republic to have become very
bitter and contemptuous against the French nation,
through the refusal of the payment of the indemnity mo-
ney on the same ground of its having been demanded
against that which the same people are now calling
the " honour of France," although the debt was
never denied to have been just ; and the blockades of
Mexico and Buenos Ayres are also viewed as an
unwarrantable stoppage of the trade of the. American
merchants with nations with whom the French are con-
sidered to have quarrelled without pretexts better than
those which the strong can always find against the weak.
Opinions and wishes of this tendency arc heard in all
quarters of the City, and in justice to the French W-
vernment it ought to be made known that, if the opi-
nions of the world can be considered to be represented
by the mercantile part of the community of London,
the war into which France is preparing to engage with
tho rest of the European nations will be attended with
the sympathy of not a single nation of which anythir•.g
is known in connection with English trading. It ought
to be a valuable lesson to the Government of France
that that the prospect of its humiliation has called forth
the exultations of as many enemies, and it is to be hoped
that France will now perceive that the present age is
one of commerce and not of brute force, and that
French blockades for the last ten years have been a
mere insult, injury, and nuisance to the world.

TIMES.—The unusual circumstance. of a fall of 1
per cent. in Consols on the same morning has caused
much excitement in the Stock Exchange, and led to va-
rious rumours. Some of them are of a warlike tendency,
even going to the length that M. 'Tiers had delivered
to the British Minister his passport ; while others fix
upon some forthcoming measure of the Bank of England
as the cause, and the best opinions may be said to lean
to this view of the matter. Nothing positive, however,
transpired during the hours of business.
The share-market is heavy. Great Western are 14
to 15 premium ; Birmingham 74 to 76 prem. ; Black-
well 31 to 3-1 dis. ; Brighton, 114 to 11-i dis.
Some commercial letters from Alexandria arc in
town which advert in terms of reprobation to the con-
iluct of Colonel Hodges, the Consul-General, and the
circumstances stated imperatively demand a public
notice, were it only to afford that gentleman the oppor-
tunity of refuting them, if they should turn out, as
it is to be hoped they will, to be quite unfounded.
The Consul, then, is charged generally with creating
false impressions respecting the disposition of the
Pasha of Egypt towards the merchants of this
country, and in particular it is alleged that reports
were circulated in Malta through his agency, which
ceased many passengers to suspend the completion
of their voyage to Alexandria ; while the Oriental
steamer, after three days lost in Malta on this accaunt,
and one day lost at Alexandria before she would
deliver her mails, was deterred from entering that
port at all, lying at a distance of six miles from the
landing-place. The same letters express a conviction
that there is no danger of molestation, and they state,
on the contrary, a belief that vessels coming to load
or discharge cargoes at the port of Alexandria will
receive every protection. It is even said, that while
Colonel Hodges was, through the agency of Captain
Fisher, informing the Captain of the Oriental that he
could not enter the port, and that there were doubts
whether the mail and passengers could traverse Egypt,
be was in possession of advices by the Pacha's tele-
graph that the steamer had arrived in Suez, and that
the passene•ers and Indian mail were on the way to
Alexandria. It seems also, that at the date of the
letters (21st of September) there were half a (I.3zen
English vessels in the port. Colonel Hodges, it was
believed, had expressed his intention to write by the
islet post that this would be the last mail allowed
to travel through Egypt, and the chief object in these
letters is to counteract the effect of such a communica-
tion by an assurance that the Pacha, on the 20th ult.,
told Captain Lyons that he did not intend to offer any
interruption to the Indian mails. Upon a mercantile
house epplying for permission for the Oriental to enter
the harbour, Mehemet Ali not only granted it, but told
them that next time she came be would go on board
and visit her. Captain Fisher is, in these account 4,
represented as endeavouring to intimidate the masters
of English vessels from entering the port, while the
conduct of the Austrian Consul is praised as being
totally different, and he i 3 stated to have read to the
Austrian residents a letter from the Austrian Admiral,
in which tine masters of vessels are advised to enter the
harbours fearlessly, and transact their business with full
reliance on the protection of the Egyptian Government,
while the merchants are recommended to continue their
business, and entertain no fears for public tranquillity.
Oi course, any counter statement by the friends lef
Colonel Hodges, which may tend to relieve him from
these imputations, would have an undoubted claim to
the same publicity which has been given to them.
The India papers laste received state the loci'
ngn"
topics which had chiefly attentionf
in Bombay
during the month to be—first,
the delay e
Government
.in replying to the Memorials of the Chambers
of Com•
merce on improving the arrangement of the port of Born-
l•av with a view to the prevention of shipwreck •
secondly, the inquiries of the Post-office Committeendi.;
and thirdly, the several acts of the Government of
in setting aside statute law, end interfering with thea
privileges of local
magistrates and the
trhigehtfisrsotfitpwron-s
pro-
perty in individual!. With respect
said that the parties complained of, as well as those
who complain,
seem not yet to lave familiarised their
minds to the change in their position which within the
space of three years had been brought about by the
overland communication with England. Within this-
period return of post from London, had been reduced
from twelve months to 100 days. Therefore, when the
Government of India refused to entertain questions
which affected British subjects not only in India but at
home, the Imperial Parliament or the people of Eng-
land were the proper tribunals of appeal. 0 the
leeli of June 200 human beings perished within sight
of Bombay on rocks from which five or six vessels have
within these six months been in the utmost peril,
besides the three which were totally wrecked. It
had long been the opinion of those most competent
• to judge on the
of the coast ree- s portion
question, that this pereou
%Ist be disarmed of its danger by the
mast ordinary
precautionso and moderate outlay on
the part of
G made tvern:•lent. The strongest repre-
sentationso s
by the Government, le effect remained unanswered
arrangements for
mained in the same state is of the shipping re•
Bombay as they had
been far a century. eert:i respect to the Post-office
"question, though the inquiriess of the Committee had
terminated, the report had AOt be
va given in. The