The Sun.
London, England, 1841-10-14 00:00:00

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MONEY MARKET and CITY—NEWS•
'MOM TILE MORNING PAPERS OF THIS DAY.
..
TIMES.--The 'arrirat- of the Oriental steamer thi•
morning at the Motherbank; after bruin:: 4ft two ir.::ii:
at lalm6uthr iiits'oecasioned ~sane' reMarlo, in the oil.
as a loss of twenty-four hours is occasioned in the dc. ii
•very*Of the:letters in London; on act:on:lt of the use
Faintouth for the mail service. . - . •
AitiAsirsaulibajneeptapnedellasi •
last received insurhho'fill'anneel l'iPtctei tile n of
that colony, considered in reference.; to the bilIS dis-
honoured by the Commissioners, which, si's might natr:-
rally bay.e been expected, had created a great svnsation,
when the fact became known there. At a meetingg of
the colonists; which was hettl'in• tho early Rol of 'slay,
tho whole alitir. was thorotighly,ixtvestigated, bat there
was little unanimity during the preceedinkcs, if the ab-
strAct•of the•disrltsmon • affordoll Iti'the l.r::-
san;ple of what actually occnrrQd ; . tor II ili to SeLIIC! (ht.'
Oily ed an, an7:4ly to heap the ;blank: of !..:,.,.
pmliture • upon tile' late Governor,' itoh dispiat.
tliiptain Grey, ethers wero equally anxious to.repro.
the conduct of .. the Co}amissioncrs in nut nothing itt,
fully aware of.the re:iponSible part he WZIS taking in dr.-tv,
ing bills nyoli 'tlithil 'fol.' an itilioltrit'llti exceeding Wilft
they tould, meet, oi.. avlni.t- .was •originally stipel:::pf:
Therqwere others, too, who held the Government i:.0;,
responsible for part' Of* 'Oe' in".;:s. oKpended.in the im-
pro vehienth of the colony,,i....hiell are, accortii-n4g to wh,t•
is•stated it these papers, of •• a' gigantic kind, and far
before the real:progress of the colony. -•_ . - •.• , • •
The holden of Brazilian Soleil having had tirs•inat-
tention wakened.tO the credit of tkat.State by the recent
'dewy in announcing the.payment of their dividends, are
beginning generally to inquire into the state a-Brazil:an
finance.. They recollect thalt the condition of ti - inkiri
finid has not he 6-1 complicit with, and are of opmtm
that a large portion of the principal debt should ha vc
becn paid olr long ago. Hence they argue, that if tit,:
Br:ifrilian Government coiner; Into the Lannon ruarl:r:
with new luaus, it ought to be required to •adherc to (;;;J
corittads, and niailfain a 6onti fide sinking fund. '
quite right for capitalists to be on -"• -
. .

;Guth

.rs is a fair

:tvat<-2:a "c•.

er the eh

of- a

present it is very doubtful whO
loan to the Brazils is sufficiently near to rcntkr• it•vva
while to think much of the eorniitions: Aa for the

ing futill,*the Brazilians have no iloidk fomid it alrea
difficult to raise their dividends without thinicin!,7
other part of their contract, as has been sniiivic;,
shown by the recent revelations of the straits to wit:

.
they were put in raising money.
CHRONIQLE,— It is stated in the lifetnchest! r
,Coralier that'qiit a -the -*B3lll' Of
the ter, originally ItL, are at rd,, otnit :t !nt
cartain of the Directors liacl sueceeded , pp...-
witing the Shareholders from getting -Auditors ,"ap-
spointed. _Looking to the•gross malversation which wa:s
'carried On by the. direction and executive officers of .the
Bank of the United States, -and some others 11083',2
home, it behoes all'parties -connected with sia.idsr cs-
talffishinents to exercise great vigilance and cireainspec-
tion. it .may be that the Directo'ri of the liank
Alanchestet; are free from all blame. The heavy discount-
* the shares may have been occasioned by )asses in-
curred' from legitimate transactions in banking*basilless.
This is all quite possible; and We are bound(to•supp/o
that there is no cause fur blame. • But in the cirsam-
stances of the case, considning the alarming
,depress*
in the saleable value of the capital of the Company,. the
Directors ought not only to atrerd the fullest publicity
as to their real position, but, they should call for instead
of resisting inquiry. '
It is stated by one of the witnesses examined before
the Committee •cin Banks of- Issue, that there arc
5,000,0th1 of paid tip 'Capital invested in joint,itoc!:
banks in England, beyond the sixty-ill: ..dies from Lon-
don. Yet the system is still in its infancy, imperfectly
imderecol; and the ree'eurse which the public ht•-•;_,
against
.the shareholders is attended whit so muA

.
trouble.,ricl expense, as to struount in some eases to a
prohibition:. 7Thb holders of: these issues ought to have
an available and cheap right of relief, not only against
the capital of the Company, but against the property of
every shareholder, personal and real, in default of reco-
very otherwise from the concern, and, the vexatious-pro-
cedure of s.,ire faciirs should be abolished, if the Le-
gislaurC were to enact that no. banking Company should
issue notes payablte, oft den:a:4 with les:4'oml: a
amount Of paid Up ea-pital, it (might be a (incAiOn
consideration miiieth'cr the liability of sharchf„,iders might
not .in that case he limited, but the more general tlu
liability of partners, and the more simple, effectual, nud
speedy the. redt'ess utOrded .to creditors, - the 'greata 4 it l
be the confidence entertained by the public in banking
issuert • dl., .

HERALD.—It i!3 tuideisio.od that Mir..llichard Cohen,
one Of the dealer's in the foreign market, whOse default
Was mentioned a few days since, has fortunately found (-,.n
Mere careful ti;:amiriation of hiS aeadzints that he is 1
a position to play Li.' creditors in nll, not with .2 fair
surplus beSides. Ws hasty declaration of inability, al-
though to buregretted, was ho;vsvcr honourable-to him,
as evincing a- proper resolye not to risk the-further ezrc
of loss and the inrolveinent of confiding .creditoro ivben
as he knew there was stiff suffiaient left to make a larg,,
dividend, which ne now it turns outnmOunts`to a payment
in full of all deznaa(ls.

Rio Janeiro Papers to the th2d. of August. I,..x:!hartt,se
upon'EnL:land had improved t 0.31, and the local Six per
Cttit..waS tiuotk,d `at'7o The papas
.contain no mtelligenA! of
,anYinterest.
By this arrival advices from :\lunte Video have eoulo
to hand to the Gth of Augui,t. On the 3d an action toyk
Place betWeett‘ the Buenos -Ayres fiPtilla, coiniasulcd.
Admiral Tirown,.• and that of Monte Video, led by Com
modore Coe, in whieh,the former is said to have bec-.-,
worsted, and scudded away.withall sail.. ,
The Buenos .Avres.papers to the. 7th of :Augn.it, give,
'however, a 1116 t•statement of the liffair
try k
boats), was entirely routed; the Lommander-m-enj,-1-
Coe's -3e4sel, the Rivera speedily put out of
the whole with difficulty making their escape back two
the harbour.

As the Herald has taken a considerable lead in ex-
posing the gaMbling and fraudulent nature of the tran-
sactions which have long disgraced the tallow trade, it is
a matter of some satisfaction to find.that continued ani-
madversions are at length, with other causes, producing
their effect, and working a reform in the market. The
more respectable of the tallow-brokers arc now coming
forward openly to protest against the nefarious practices
and time-bargain dealings by which the trade has been
disgraced.
SUN.—The result we anticipated is near at hand, lig.,
a steady progression in the Funds to the point they have
lost through the Spanish embroilment, and.the opera-
tions of the stockjobbers. If the highest point attained
to-day is supported upon the settlement of the differences
to-morrow, prices will only be 1 percent. lower than
when the reaction commenced.

Consols were done in the morning as low as 87, but
closed at 88 to 88i, the highest price of the day, however.
being 881. For to-morrow's settlement the extreme rates
were 87k to 88k, and for the November Account 87i to
8841: Exchequer Bills were 11s. to 13s. premium ; and
India Bonds 2s, premium to par. India Stock went .ty;
low 2431, but rallied subsequently to 245. Bank Stock
was dull at 164 ex div. The New Three-and-a-half per
Cents.• were 97k to 91.
In the Foreign Market there were but few operations, if
we except Spanish Stock, which was dealt in to some
ex-
tent, and advanced 1 to I per cent. during the day, the
Actives being quoted 18+ and 19/ ; Portuguese, New
Bonds improved to 29/ and 30 ; Mexican were lint
higher than 24+ to 241; and Brazilian were done at :
Colombian Bonds Were at 191; Dutch Two-and-a-IL:.If
per Cents. rose to 51/ to 51+ ; and Russian was 'steady et
112+.
Shares were hardly so firm, but the alterations in
prices were not important. Great Western Railway
were 8f to 91, the New 34 to 3,t; Binaiinglium Quar-
ter 16g, and South Western, Ilk to 12i, premium ;
Brighton were 9+ to 9 ; and Blackwell 16i to 161 dis-
count ; North Midland were 35 discount; British ::.,:orth
Amerie.in Bank Shares realised 6 to 54 discount,

EVENING SUN.