The Sun.
London, England, 1841-08-21 00:00:00

ITN

r the Constitution, still it should be the final con-
!
cession to the clamour of the giant-people,
it was the third revolution, it must be the last. True,
it is, within late years, we have learnt that no
measures of reform can be considered final, no, sop
thrown to the revolution Cerberus can satisfy its.
cravings, Our Church, our Municipal Government,
our Poor Laws, have each in turn been themes of
discussion, and have offered subjects for political
dissection ; but we had yet to . learn that the
spirit of. innovation would lead men to destroy their
own offspring, and to throw down the corner.;
stone of. the building they hatl set up. It
may be said, that we are " breaking flies on the
wheel"—that Messrs. Warburton, Hawes, and D'Eyn-
court are mere political pretenders,—that it is waste
of time to notice their opinions, as it would be folly to
take the nostrums of their medical travelling brethren ;
but it must be remembered that mens' power for
harm is not limited by the power and measure of
their minds ; for instance, these sentiments were re-
ceived with cheers by the six hundred " influential and
respectable " four-shilling-a-heard electors of Lambeth,
and may be extolled by other men of equally capaCious
dimensions in that loyal borough. What a lesson should
this be to us.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF YESTERDAY.
POST.—A speculator named Clark was declared. Mr.
Clark is a broker, and it appears that he has been placed
in difficulties by the extensive operations in which Ise
was engaged in the Consol and Spanish Markets. The
insolvent is said to have held largely of Share property,
but his principal losses have been incurred as a bull of
Spanish Stock.
Lord Palmerston has, we understand, sent to the Com-
mittee of Spanish Bondholders, desiring to be put in
possessing of their third Report, recently published, as
well as copies of the correspondence, various memorials,
and other documents relating to the claims of the Bond-
holders, the whole of which it is intended to despatch by
special messenger to Madrid, together with his Lord-
ship's observations, and instructions upon the subject.
Senor Hall must be well aware of the altered position of
Lord Palmerston, and we do not suppose that any atten-
tion will now be paid to his representations. He will,
moreover, consider it strange, as every one else must do,
that Lord Palmerston should never have felt the pro-
priety of his interference until he was virtually dispos-
sessed of all official power.
TIMES.—The speculators in tea, who were the first
to rely on the " news " said to have been received from
China, are now beginning to doubt its authenticity, and
take great pains to limit their transactions, and dimi-
nish, whenever an opportunity of fors, the liabilities they
have already incurred. Under this impression the de-
! cline in the price of the leaf which has occurred within
these last two days has brought the market to a verypas-
sive state, while the heavy sales declared to-morrow in-
duce the trade generally to believe that even the present
prices will be scarcely supported.
Our private letters received from Amsterdam state
that the Finance Minister had, on the 17th instant,
presented to the States-General the biennial Budget of
Ways and Means, and the Bill for converting the Pas-
sive into Active Debt. By this important Bill it
is provided that the annual conversion of Passive Debt
into 24- per Cent. Active, as enacted by the law of the
14th of May,lBl4, shall, after the abolition of the respec-
tive enactments of the laws of February 9, 1818, the
27th of December, 1822, and the 25th of December,
1824, be superseded by an immediate and entire conver-
sion into 2.1 par Cent. Active Bonds. With respect
to the manner in which the new conversion is to
be effected, the inscriptions of 21- per Cent Active
Debt on the "great book," are to be granted as fol-
lows :—Fur 1,000 florins deferred, and a " chalice
bill," GS florins ; for 1,000 florins deferred, without a
" chance bill," 18 florins ; and for a " chance bill,"
without any deferred, 50 florins. For 1,000 florins
deferred, with a "chance bill" drawn already ac-
cording to the enactment of December, 1824, inscrip-
tions • are to be granted, varying according to the
time when the conversion, according to the drawing,
would t eke place. Thus, if the " chance bill," in addi-
tion to the 1,000 florins deferred, has been drawn to be
converted on the Ist of January, 1342, the inscription is
to be for 1,000 florins ; if in 1842, for 953 florins ; if
in 1844, for 909 florins ; if in 1845. fop 867 florins ; if
in 1846, for 827 florins ; if in 1847, for 788 florins ; if
in 1848, for 752 florins ; if in 1849. for 717 florins. The
inscriptions in consequence of the present conversion
will nominally amount to 71,396,000 florins. The budget
which was presented by the Dutch Minister on the
same day is comprised in twelve Bills for the expenditure
in 1842 and 1343, and a thirteenth Rn- the revenue. The
total amount of the revenue covers that of the ex-
penditure without any new taxes being levied, any
existing taxes being raised, or recourse being had to any
new IT eans of credit. The expense for the two years is
estimated at 71,300,000 florins per annum. While bring-
ing forward his financial plans, the Minister proposed to
cancel 800,000 florins of 44- and 21- per Cent. Stock, and
to appropriate 750.000 as the first step towards a sinking
fund. He announced an important fact, which is, that
the Dutch Government has not as yet been able to put to
the accotfnt of Belgium her share in the National Debt,
but that that country had regularly paid 5,000,000 florins
per annum. The objects of present assembly of the
States are considered to be of such paramount import-
ance, that the Minister has begged that they will not
separate until they have come to a decision.
HERALD. Considerable amusement has been
afforded to the city gossips by the ludicrous lumbering
of the city article of the Times in an attempt to discredit
the very late accounts from China which, as so gene-
rally occurs with intelligence of any moment, made their
appearance in the Herald of Tuesday last, and had to
be copied and inserted at second hand in the Times of
the day following. This was certainly mortification
not silently to be endured, and so for two mornings
consecutively the city Times has been zealously
labouring in the fox -like vocation of proving that the
grapes beyond its reach were sour as verjuice. "All
the details of the supposed letter from Macao, it is
remarked this morning; are as vague as possible,"
&c. Now vagueness is assuredly the very last reproach
which ought to have been hazarded, for whatever the
doubts entertained or affected in interested quarters at
first in respect of the genuine character of the document,
they were grounded almost entirely upon the uncommon
particularity and exactitude of dates and details as they
appeared. That the letter may hive been used and dis-
patched for " interested purposes" by the party here or
elsewhere is not only possible but tolerably certain, for
merchants or speculators do not generally go to the cost
and trouble of procuring and forwarding interesting intel-
ligence by special express for the mere gratification of
parading it in the columns of either the Herald or the
Times. It isnot improbable that more substantial results
were looked for as the reward of superior enterprise and
tact, and the sustained firmness of the market shows
that the speculators on the news are not playing at " tea
and turn out" any how. As to..the assertion that "no
well-informed person in the City attaches the least credit
to it," this can only be met by a direct counter negative,
for none but persons indifferently informed could suspect
any impossibility about the manner in which the intelli-
gence is said to have been received in India and for-
warded to England. In fact, as people good-naturedly
remark, if the news had first appeared in the Times in-
stead of the Herald, the rack would have been punish-
ment too mild for the hapless sinner who should have
presumed to question its authenticity. The letter, after
all, was not sent to Paris for insertion from the parties by
whom assumed to have been received and acted upon in
this city, but, if at all, toMarseilles, where it was first pub-
lished in the Semaphore, and subsequently extracted into
the Paris papers.
When once a mistake has been committed, there are
only two ways of getting out of the difficulty created by
it—either by frankly acknowledging the error, or bra-
zening it out to the utmost.
The accounts lately received from Manchester and the
neighbouring districts mention a partial revival in the
demand for yarns, principally for exportation. The
sales had been to some extent, but piece goods were still
neglected, and the large stocks precluded the hope of any
advance in prices, until considerably reduced. This same
complain t ofover-stocked markets is made at every foreign
port, and affords a sure proof that over-manufacturing
and manufacturers consigning too largely, or at all
their own account, are the principal. sources of the pre
sent depression.

be termed NOVEL RACE.
aaagt9imdtmlyemdaoiroef
Yesterda
Y. a. novel race, or what
perfectly
erfleledtulye
of 20 linen;,
match, for
took place ' , given by the National Swimming Society,
°n the Ser •
start was half- Serpentine. The hour fixed upon for the
before every thing six o'clock, but a full hour elapsed
were between 2,of)Pwaas got ready, at which time there
persons were at nd
3000 persons present. Twelve
different coloured length placed, each distinguished by a
given by Captain AleaarPr%and upon the start, which was
off in a beautiful att, R.N., the competitors went
who wore a light-blue cap manner.
In a short time the person
until he had neay‘,vr" a-head, which he main-
tainedwhen he was passed by whitee(aachfed the opposite side,
of Lady Craven), who first landed,ootman in the service
and then re-entered
the water for the purpose of returning
starting-
post, . followed by blue, between whonmin to the
ensued, followed by the others very ao severe struggle
they were nearing the starting-post, it closely. Just as
discovered
that a Mr. Lewis, who, it was stated, as
belonged
of white,
to the
Navy, was at least ten yards in advance
he was declared to be .the winner. The distawhite, and
distance which
the parties had to contend was about 500 yards, which
was performed in six minutes. Several of the boats
',.
the Royal Humane Society were on the spot in case
of
4,
accident, but only one person was taken into a boat, who
appeared to be completely exhausted.

THE NEW POLICE-OFFICES.—A commodious
and roomy structure is in the course of erection in
Stepney-fields, (Arbour-square), Commercial-road East,
and is in a state of great forwardness, as it is the inten-
tion to open •it in February next, when the Thames
Police and Lambeth-street offices will be removed there.
It occupies nearly an acre and a half of ground, and is
to contain nineteen cells, `•an yard, stabling, and bar-
racks sufficient for the accommodation of upwards of 100
policemen.

DEATH OF A LADY FROM SUFFOCATION
—On Wednesday afternoon, about five o'clock, as a lady
named Miss Louisa Losson, about 30 years of age, re-
siding with her sister, Madame Losson, at No. 22,
Brompton-square, was taking her tea and eating a sand-
wich, she was suddenly observed to be seized with a vu?-
lent fit of strangulation. She became ahnost immedi-
ately black in the face, and struggled violently, upon
which the servants, becoming alarmed, sent fur Mr. Pol-
lard, a surgeon, living at the corner of the square, and
also for Mr. Gray, of Brompton-row, another surgeon,
both of whom were immediately in attendance, and
every thing that surgical skill could suggest was done,
but unhappily without avail, the lady surviving only ten
minutes.