The Sun.
London, England, 1841-07-21 00:00:00

LONDON, WEDNESDAY, J [IL Y 21, 1841.

NATIONAL LOAN FUND SOCIETY
FOR GRANTING
LIFE ASSURANCES, DEFERRED ANNUITIES, &c.
No. 26, CORNHILL.
Capital £500,000.
Empowered by Act of Parliatient.
EIRFCTORII.
T. LAMIE MURRAY, Esq., Chairman.
J. Elliotson, M.D., F.It.S. I John Rawson, Esq.
John Griffith Frith, Esq. Jehn Riddell Stodart, Esq.
Hunter Gordon, Esq. I Clement Tabor, Esq.
George Lungley, Esq. Joseph Thompson, Esq.

♦UDITORs.

Professor Wheatstone, F. R. S. I Professor Graves, A.M. P.R.S.
ACTUARY—W. S. B. Weolhouse, Esq., F.R.A.S
SOLICITORS—Messrs. Sweet, Sutton, Ewens, and Omman-
ney, 6, Basinghall-street.

FOR LIFE.
A. B.
Age. Without With For One For Five
Profits. Profits. Year only. Years only
s. d. s. d. s. 6. s. d.
20 1 13 7 1 17 4 017 0 0 17 6
30244293 0 19 6 1 0 0
40 2 13 11 3 5 3 1 3 10 1 5 0
50 4 4 2 4 13 6 1 13 0 1 16 6
60 613 6 7 8 4 ( 3 0 0 3 9 6

Two-thirds of Profits divided annually amongst

he Assured.

DEFERRED ANNUITIES DEPARTMENT.
By the plan exclusively developed by this Society, a single
Deferred Annuity is made, not only to answer the same. object,
but to far exceed in amount the entire benefit of all the ad-
vantages heretofore only obtained by the middle and industrious
classes through separate investments in Savings' Banks, Be-
nefit Societies, and Loan Banks.
1. A small yearly or weekly contribution will secure the
most ample return for after life; thus-2Z. 12s. per annum (is.
a week) at the age of 20, will give the policy holder the fol-
lowing option, at the age of 65
Annuity for remainder of life... £47 16
Cash 394 11
Policy, without further contributions, of 466 0
Other periods of life (of 50, 55, and 60) may be
with similar advantages.
2. Two-thirds at any time lent on deposit of policy, being a
fund always available during sickness or want of employment.
3. Two-thirds of all payments returned to representatives in
case of premature death.
N.B. Policies, as collateral money-security, for periods of
one to five years, effected at lower rates than are charged by
any other Office, (See Tables A. and B.), with option of con-
tinuance for Life at the usuil rates.
F. FERGUSON CAMROUX, Sec.

0 or a

0 at death.
also taken

BRAINTREE CHURCH-RATES.
PROCEEDINGS ON MONITION.

On Thursday a vestry meeting of the parishioners of
Braintree was held, pursuant to a notice, in accordance
with a monition from the Ecclesiastical Court of the
Bishop of London, commanding them to make a rate for
the repairs of the church, and defraying the necessary
expenses of the decent celebration of divine service.
The meeting was numerously attended.
The llev.B. SCALE, the Vicar, took the chair.

Mr. VELEY, the Churchwarden, after reading the
monition, proposed that a rate of 2s. in the pound be
made, in obedience to the Monition.
Mr. COURTAULD moved, as an amendment—" That
all compulsory payments for the support of the religious
services of any sect or people, appear to the majority of
this vestry to be unsanctioned by any portion of the New
Testament Scriptures, and altogether opposed to, and
subversive of, the pure and spiritual character cf the re-
ligion of Christ. But that, for any one religious sect
to compel others, which disapprove their forms of wor-
ship, or system of Church government, or which dissent
from their religious principles and creed, to nevertheless
submit to, support, and extend them, appears to this
vestry, to be a yet more obvious invasion of religious
freedom, and violation of the rights of conscience ; while,
also, it appears to be a gross injustice to Dissenters as
citizens, to compel them to pay for the religious services
of others, in which they have no part, while they build
their own chapels, support their own ministers, and de-
fray the charges of their own worship. That compul-
sory Church-rates, and more especially such rates upon
Dissenters, thus appearing to be as a tax unjust, and as
an ecclesiastical imposition adverse to religious liberty,
and contrary to the spirit of Christianity, this Vestry
feels bound, by the highest obligations of social justice
and of religious principle, to refuse to make a rate, and
does refuse accordingly."
The amendment was carried by a large majority.
Mr. VELEY—I propose, and I am now addressing
myself to those who are willing to obey the Munition,
that we make a rate of 2s. in the pound.
Mr. -CotnrrkuLD said the Churchwardens had-taken a
course Which appeared wholly irregular ; this was a
meeting of rate-payers, and he apprehended nothing
could be done but by the act of the majority. lle would,
therefore, submit to them as a substantive motion, that
the amendment having been carried in opposition to the
proposed rate, no rate had been made by that Vestry
meeting.
Mr. VELEY—We shall never make it matter of charge
that it has been made by this meeting—it is part of the
measure pointed out by the judgment.
Mr. COURTAULD said, then he would content himself
with protesting against the irregular manner in which
the Churchwardens had attempted to make a rate after
it had been denied by the majority ; and he protested
also against the rate attempted to be made.
The rate of 2s. in the pound was then made by the
Churchwardens, and signed by them and the Vicar, and
several of the parishioners.
Mr. Courtauld's protest was entered on the minute-
book ; and thanks having been voted to the Chairman the
meeting separated.
The proceedings were conducted in a very orderly and
peaceful manner.

OLD PROVINCIAL PAPERS.
TO THE EDITOR OF THE SUN.

SlR—Seeing in your paper a few days since some ac-
count of ancient newspapers, and not including one of
considerable antiquity in this neighbourhood, I beg to
inform you I have a copy of the Sherborne Mercury, of
the date of August 16, 1737, printed at Sherborne by
W. Bettinson and Company, from London (price 2d.,
stamp id.), which appears to be the only advertising
medium in this locality. -It contains some rather amusing
information compared with the rapid mode of travelling
in the present day. There are two advertisements for
the quick conveyance of goods and passengers from
Frome, Somerset, to London, on " Bird's Flying Frome
Waggon," sets out from the George Inn, Frome, for the
Bull and Mouth Inn, near Aldersgate, London, every
Monday by five o'clock, and returns to Frome by twelve
at lioon, Saturday. " Performed, if God permit, by
Roger Bird."
"The Hathersele, who about a year ago sailed hence
for Barbadoes, is now daily expected from thence in the
River full freighted with sugar."
" On Tuesday the Assizes ended at Derby, where was
a most splendid appearance of gentlemen and ladies to
attend the high Sheriff ; and at night a ball, where a
lady proposed a collection for a soldier who had drank
the Pretender's health, and accordingly a great number
of half-crowns were gathered for him."
" On Thursday last the wife of the noted Turpin was
brought to bed of a son' and heir at her house, near
Chinkford Green, Essex." •
" This day eighteen persons were convicted before the
Commissioners of Excise for retailing spirituous liquors
contrary to the Act, and fined 1001. each."
" Ou Thursday was exported for Cadiz 850 quarters
of wheat."
Early yesterday morning three men in liquor fell
into Tower-dite:i, • one of whom was killed outright, a
second had an arm broke, and the third dislocated his
collar-bone. They have truss'd the saying, drunken men
catch no harm."

SPIRIT of the PUBLIC JOURNALS

',Rost THE MORNING PAPERS' OF THIS OAT.
CHRONICLE.—One of the most egregious sophisms of the
corn monopolists is, that the home tradt4eing of larger amount
than the foreign, the latter may be alroWed to decline without
material injury to the prosperity of theisation. The notion is
as short sighted as it is selfish. The ftsreign trade cannot be
isolated, and the ruin and wretchedness occasioned by its sacri-
fice to the restrictive system confined within certain bounda-
ries. They would overflow the entire community. Foreign
trade is not merely one of the elementi of our prosperity, a
brick in the building, but the key-stont:ef the arch, to destroy
which would bring the whole down in *Or confusion and deso-
lation. There is no power in the Cornilaws to supply the in-
creasing deficiency which they cause in e foreign market for
manufactures. The agriculturist is tat. the wealthier. His
own home market for his grain is dote iorated. The restric-
tion impoverishes the manufacturers, ho are his customers.
i
By throwing a number of hands o 'of employment, the
wages of the entire body of the Working classes are
diminished. The consumption of fond decreases. We say
nothing of the suffering, nothing of th ''.diseontcrit and turbu-
lence,ld nothing of the demoralization a threatening aspect
towards the well-being of society, in su a state of things. All
dark and dreadful results may be expected when multitudes
have been brought into existence by a itstem which is checked
in its progress, so as to expose them to the horrors of gradual
starvation. But take it only as an agriculturist's question of
profit and loss. In the sacrifice of foreign trade, a sacrifice
which he has begun to make, he calls down ruin on his own
head. The progress of foreign trade has made him what he
is. It has created the greatness of the agricultural interest.
It has added nearly seven millions of acres to the breadth of
land in cultivation. It has largely enhanced the amount of
produce from the same extent of soil. The foreign market
has made the home market both of the farmer and the manu-
facturer. As it declines, the Capital of the one will be annihi-
lated, that of the other will migrate, ant t the labouring popula-
-
tion be turned adrift to wreak all the excesses which their want
and their numbers stimulate. One caunat
ioeno.bservations which we irilpEi
srif.a—t urra th =
since on the subject of the excellent tlesie
Nv for the establish-
ment of new Colonial Bishoprics, for ''' oiffmeargedinea a few day
tillsoschurch more de-
s
pl oa
is in-
debted to her Prelates, seem to have made some stir among
the journals in the Romish and. Dissenting interest. The op-
position of these parties, and still more the virulence of tone in
which their opposition is expressed, furnishes additional evi-
dence of the importance of the plan. The mere mention of it
has created a panic in the camp of schism ; and we observe
with pleasure that the attack is mainly directed against those
features of the design which lead us to recognise in it proofs of
a reviving consciousness on the part of the Church of the im-
mense moral and circumstantial resources which she has within
herself. We are satisfied that her rulers have too long acted
upon an inadequate conception of the powers and opportunities
at their command ; and it will be for the benefit of both
Church and State that this lethargy should be shaken off. We
have seen days (not very long since) when the enemies of all
authority and order, civil and ecclesiastical, appeared for the
moment to be in the ascendant. They won their victory, such
as it was—

" By superior energies, more strict
Affiance in each other, faith more firm

In their unhallowed principles."
And now, when the better cause has recovered from its tem-
porary reverse, we speak not of mere political fluctuations, but
of the change which during the last ten years has gradually
come over the spirit of society, now, we hope to see that its
champions have learned a lesson from the zeal and devotion of
those who have opposed them, and that
" Virtue
Will, to her efforts, tolerate no bounds
That are not lofty as her rights, aspiring
By impulse of her own ethereal zeal."
We therefore hail with delight every sign of energy and inde-
pendent action within the Church, and thank her gainsayers
for the cry of alarm w hich teaches her to know the value of her
own exertions by the very terror which they excite. We be-
lieve that in the Church the life of the nation emphatically re-
sides; and that (as some of the Radical party seem well aware)
it is to the influence of her principles mainly that we must
look for an antidote to the mass of moral and social difficulties
which embarrass the course of good Government in this
country.
POST.—Among the plausible follies with which the Whig-
Radical writers seek to mislead the public is their assertion that
were the new policy of free trade to be carried into effect, it
would bring back to this country a very great number of ab-
sentees who now live abroad for the sake of cheapness. In
putting forth this proposition the Whig-Radicals of course
assume, as usual, the complete success of their policy. The
intention is to make everything much cheaper than it is at
present, therefore it would be so if their measures were al-
lowed to pass. But what right have these people to assume
that the thing which they intend to effect by their policy would
be effected? Experience shows that heretofore they have al-
together failed to accomplish what they intended. They have
been ten or eleven years in power, intending all the while
to exhibit such wonderful capacity for popular Go-
vernment that the people would never submit to any
other sway but theirs. And what is the result? Why,
that the people are disgusted with them, and have
withdrawn from them their Parliamentary support. The
Whig-Radicals intended by the dissolution of Parlia-
ment greatly to strengthen their hands, and loudly insisted
that this would certainly be the result. But this was all delu-
sion. Instead of their hands being strengthened they have
been weakened. Instead of acquiring parliamentary predomi-
nance they have sunk into a Parliamentary minority. We
mention such matters in order to show the excessive presump-
tion of these people, who, in the face of the plainest evidence
that their speculations are doomed to disappointment,still affect
to consider that what they pro pose to accomplish by their mea.
sures certainly would be accomplished were their measures ap-
proved by theimitlature. As ta*ke. jggkeizt,atien of corn from
foreign countries, 31r. Huskisson opir#On is upon record that
whatever temporary cheapness might be produced by such a
system, the ultimate effect would be scarcity and dearness.
The opinion of Mr. Huskisson is more deserving of respect
than that of the Whiz Radicals, who have become suddenly
converted to free trade doctrines, when every other scheme by
which they might hope to retain office was exhausted.
HERALD.—That with a majority of some eighty, upon the
gross returns of the general election over their Whig anta-
gonists, the Conservatives should, by this time, have looked
into their muster-roll, and well considered who would be best
calculated to discharge the principal trusts of official power
with most advantage to the country and most honour to them•
selves—was a course which must have been anticipated attheir
hands, for some weeks past. Accordingly, several lists were,
yesterday, handed about, in certain political sanctuaries in the
immediate vicinity of Pall-mall and St. James's street which it
has been our fortune to examine. Two of these we know
to have emanated from quarters with every means and every
probability of being well-informed on the contemplated ele-
ments which it is intended should enter into the constitution of
the new Conservative Cabinet.
In the list we quote from we find the following names and
the corresponding offices respectively appropriated to them :
Others which belong to those whom we deem less likely to be
called, presently, to power, we purposely abstain from men-
tioning here.
First Lord of the Treasury and Chancellor of the Exchequer—
Sir Robert Peel.
First Lord of the Admiralty—His Grace the Duke of Buck-

ingham.
Principal Secretary of State for Foreign Affairs—The Earl of

Aberdeen.
Lord Lieutenant of Ireland—Lord Wharncliffe.
Principal Secretary of State for the Home Department—Right
Bon. Henry Goulburn.
Lord High Chancellor of England—Sir William Follett.
Principal Secretary of State for the Colonies—Right Hon.
Lord Stanley.
President of the Council—His Grace the Duke of Wellington.
The Speaker of the House of Commons—The Right Hort. C.
Shaw Leferre (whose re-election it is said not to be intended
to oppose).
Secretary for Ireland—The Right Hon. Sir Harding.
Other officers of State—
The Lord High Chamberlain—His Grace the Duke of Beaufort.
The Lord High Steward—The Earl of Liverpool.
_ .

The Master of the Horse—The Earl of Jersey.
Her Majesty's Ambassador at Paris--Lord Lyndhurst.
The greater part of there nominations must carry with them,
we should say, the concurrence of every Conservative in these
kingdoms.
ADVERTISER.—The elections are now concluded. Not
one of the six hundred and fifty-eight vacancies created in the
representation of the country by the recent dissolution of Par-
liament remains to be filled up. Of the comparative gains and
losses of the fwo great parties into which the country is divided,
it is not our purpose now to speak. Our present object is 'to
point attention to some of the more important incidents which
have characterised the violent electioneering conflict which is
now concluded. We say, then, that never in the annals of
election contests has an appeal to the country been attended by
a greater amount of bribery, intimidation, and coercion, than
has been the great party battle which has now been fought.
Bribery has been the order of the day wherever the contests
were expected to be close, . and the candidates had
the means at their disposal of purchasing the suf-
frages of the constituency. And here it is worthy
of remark, that so great a number of close and se-
vere contests as have taken place on the present occasion was
never known to have occurred at any previous general election.
Nor hare these equally balanced conflicts hcen confined to
boroughs or counties containing only a limited constituency ;
they have occurred in some of the largest constituencies in the
kingdom. London, Leeds, and Dublin, are instances in point t
as regards the representation of boroughs. The cases in i
counties are too numerous to require or admit of a special re-
ference to them. In the populous cities we have already men-
tioned, namely,. London, Leeds, and Dublin, the fact of the
prevalence of an extensive system of Tory bribery at the late
elections was too notorious to be denied. But has bribery been
limited to the Tory party? Oh, no. If they have proved themselves
the greatest adepts on previous occasions at the base employment
of compelling needy.constituents to commit a species of moral
perjury against their own convictions, by holding out the—to
them irresistible—temptation of handfuls of gold—the Whigs,
on the.present occasion, when the necess'ry means were at their
Isc
to Lewes,have
to
disposal, have not been a whit behind them in the work of cor-
rupntainmgethneo coothnestritpuleaneecsy of the country. lnpw
we hold
and
, bribery on the part of the Ministerial-
ists was so open and general, that one might have almost fancied
the parties were ambitious of ,inviting attention to their demo-
ralisingt the la
Bothparties,
elections,
tietherefore,
of wholesale bribery,
beo n eg
equally
practicesa
Ilygo iguilty.,
at
wherever they possessed the means, and it was deemed practicable
to carry their pointby an extensive purchase of the suffrages of the
constituency. And so of the other unhallowed influences so often
pressed into the service of either party, in violent election con-
tests. Coercion, menaces, and intimidation, in every possible
shape and form that they could be made to assume, were em-
ployed, both by Tories and Whigs, to carry the election of the
antagonist candidate. Ought such a state of things to be tole-
rated? Is is not making a mere mockery of Parliamentary re-
presentation ? Could anything b_e more insulting or disgrace-
ful to a country calling itself free ? As for the poor creatures
themselves who are thus compelled to vote in opposition to the
dictates of their consciences, and at variance with their disposi
flan, to confer on them the elective franehise is not only to
Give t:irs iti.e—ba''''llaoltYsed
tloom them to the worst of all degradation, degradation in their
but it is to add mockery. to their degradation—the
°wt.' eyes, but
caltgtitiehmezifvreer
fecencainnddethpeenodoernitd
sees, electors,ha. t andhny
attach
:at'
c thl i er
a itself.s sore 1 1 0
op .
mockiry .
so forth, while a....
voting.te
ox et hrceil extension
znl
tgt
ei
ntnhsoieon other The remedy for these frightful evils
are the veriest slaves. That remedy is the right of secret
i':a: tn..litaht mode of
must be obvious to all. r- , • not, can there ever be a
,
full and fair expression of eleirtoral n )1' •
franchise
t he way
we
thanfranchisee
the axe is laid at once to the root, not onl
dation, coercion, and the other corruPt 'W ' y of bribery intimi
influences 1 ' '
prevail at elections, but of the very proposal
nces which now
or
duce an elector to vote otherwise than ah. attempt to in-
s 13 judgment would

^v en

,uggest ; for where no means existed of detecting the violation
of an extorted pledge, no pledge or promiae would be asked.

MONEY MARKET and CITY NEWS.

FROM THE MORNING PAPERS OF THIS DAY.

TIM ES. —Thepiem- lumTongold at Paris i 371 per mine, which
at the English Mint price of 31. 17s. 10/d. per ounce for standard
gold, gives an exchange of 25. 33, and the exchange at
Paris on London at short being 25. 421, it follows that gold
is 0.3 S per cent, dearer in London than in Paris.
By advices from Hamburgh the price of gold is 429 per
mark, which, at the English Mint price of 3/. 17s. 10lAd. per
ounce for standard gold, gives an exchange of 13. 7, and the
exchange at Hamburgh on London at short being 13. it
follows that gold is 0.12 per cent. dearer in London than in
Hamburgh.
The course of exchange at New York on London is 108,-
per cent., and the par of exchange between England and
America being 109 23-40 per cent., it follows that the ex-
change is 0.82 per cent. against England. But the quoted
exchange at New York being for bills at 60 days' sight, the
interest must be deducted from the above difference.

Some curiosity has been expressed in the City as to the deal-
ings of the fraternity who have so recently founded a minor
Stock Exchange, and the sort of securities in which their busi-
ness is transacted, such curiosity chiefly arising from the
anxiety felt by one-half of the world to know how the other
half lives. The securities, it seems, consist partly of such as
have been excluded from the regular markets by their utter
worthlessness, and partly such as have only a nominal exist-
ence, a state of being which, to the upinitiate, will be ratker
difficult to comprehend, but which may easil) be explained.
For instance, a speculator, who is about to appear as a
" bull" in the market, may search over an old file of
newspapers for some project of a Company that has long
been exploded, and when he has found one with a name
to his liking, may rush into the market, and loudly
declare that he is a buyer of some of the shares. There
are probably no such shares in existence, but the attempt to
buy makes an impression, the market becomes excited, and
at last another speculator is found who is willing to make a
price for the imaginary security, and thus a complete time-
bargain for nothing is struck, the difference to be settled on the
usual nettling-day. The letters issued by railway and other
companies in answer to applicants-for shares, are another source
of business, and these letters, containing appropriations,
pass from hand to hand as legitimate securities, and
it must be admitted that these are the most valuable
commodities dealt in by the "shut out." Among the
stocks that have an existence, but are driven into this
market through being repudiated by the Stock Exchange,
Poyais Bonds are occasionally bought and sold. The fluctua-
tions in this market, as far as can be ascertained in the
absence of an official list, generally range from about
Id. to 3d. per share or bond, and it is thought that
a retrograde movement of a whole sixpence in a day would
probably produce a panic, if not in some instances a ruinous
"bull" account, that is, when accommodation could not be pro-
cured by means of a document familiarly known as an I 0 U.
The thactice of the Stock Exchange is imitated in full detail,
and some of the more cautious of the operators are no strangers
to the refinements of "puts" and " calls, ' and thus guard them-
selves from the consequences of any undue pressure. Of some
of the operators curious anecdotes are told. One, for instance,
is said to have carried the whole of his disposable capital in his
right hand pocket, while the left hand pocket was specially ap-
propriated to the gains of the day, and his hat contained his
collection of marketable securities. Now these minor dealers
have formed themselves into a regular body, their greatest
caution will be exercised in keeping out persons of too great
opulence, since these, by buying up the marketable
securities, and withstanding a panic, might eventu-
ally interrupt the ordinary course of business, and
destroy all chance of profit by his more humble brethren, who
rely solely on continual fluctuation. Thus, while other bodies
generally require a guarantee that persons claiming to be ad-
mitted are of weight and responsibility, this fraternity must
require a guarantee equally strong that a new member shall not
be in too prosperous a condition; while with respect to those
who are already recognised, it is doubtful whether, on their be-
coming too rich, it will not be advisable to have recourse to
immediate expulsion. It is apprehended, however, that now
they have established themselves in a regular place of meeting,
their transactions will be confined to dealings with each other,
and that they arc not open to offers by strangers, as they were
when stationed in the places from which they took their name
of " Alley-men." The members of the Stock Exchange ex-
press no dissatisfaction at the new formation, since, while their
business-entrances were formerly blocked up by these loungers,
they have now free ingress and egress.
HERALD.—The failure of the eminent banking firm of
Geymullcr and Co., of Vienna, the news of which appeared in
the foreign department of yesterday's Herald, is calculated to
work very extensive mischief, direct and indirectly, throughout
the whole of Germany, if nowhere else. It may indeed be
classed perhaps as a bank purely German in its dealings.
Following so closely on the heels of the similar insolvency of
Steiner and Co., another considerable firm of the same capital,
it may be taken as evidence of some deeply-seated derange-
ment of the Money Market, the more special or immediate
causes of which can yet be matter of little more than surmise.
But there need be no hesitatien in stating that the real and
substantial causes may be found in that frenzy of over-specu.
lating and over-trading, which within these last four or five
years, has successively invaded and convulsed the United
States, Great Britain and France, from whence since the con-
tagion has extended to and over Central Germany, Prussia
and Austria.

A great part of Germany and Austria have been inundated
with pieces of paper, called Shares, which now represent little
or no value at all. In the meantime the Bank of Vienna as
well as other banks or capitalists began to take the alarm, and
curtail credits and discounts. With credit money became
scarce, and specie or bullion was hoarded. Hence the failures
of Geymuller and Co. and Steiner and Co., • which, anxiously
deprecating alarm nevertheless, it is still necessary, from re-
gard to truth, to say are likely to be followed by many more,
before the evil has run out its course and money and commer-
cial affairs shall be restored to a healthy action.
SUN.—There was less activity in the Funds to-day, and before
the close of business Consols for immediate transfer gave
way about A per cent. The Market upon the whole, how-
ever, remained about the same. Consols were 894 to I for
Money, and 90 to 894 for Account. Exchequer Adis were
16e. to 13s. premium, being barely so good. East India Bonds
were steady at 6s. premium. Bank Stock rose to 171 and
1714 ; and India Stock to 249 and 249:1. 'f he New Three-
and-a-Half per Cents. were 9c3ii to L, and the Three per
Cents., 90 to 90,1. The failure at Vienna of Guy Muller and
Co., which is said to have entailed loss upon one or two
wealthy firms in the City, has occasioned, to a partial extent,
the flatness in the public securities, although no apprehension
of serious consequences here is entertained in the City, as the
firms upon which the loss falls are well able to bear it, arid a
great deal more. Reports injurious to the credit of an emi-
nent publishing firm in the City were in circulation to-day,
and which we fear are but too well founded. The party
thus placed in difficulties is distisguished, we under-
stand, by his liberality and enterprise, and from
his extensive trade and peculiar facilities, was thought to be a
person of considerable property. As much as six months back
however, he was reported in difficulties, but it was understood
he had received assistance to carry on his affairs, and the pre-
sent stoppage has in all probability been brought about by the
numerous minor failures recently in the same trade.
The Foreign Securities were scarcely so buoyant to-day, and
the disposition was rather to sell. Active Spanish Bowls were
marked 20 to 4; Portuguese New Five per Cents 30k to 4;
the Three per Cents. 184 • Mexican 25i to ; Colombian 194 ;
and Brazilian 674. The irench Five per Omits. were 115 f. 75c.
being a slight improvement • Dutch Two-and-a-Half I.er
Cents. brought 514 to ; and the Five per Cents. 101 to 1014.
The material improvement which occurred yesterday in
many of the lines of Railway that have recently been so de.
pressed, tempted some parties to realise profits to-day, but the
Market was too weak to bear much of this, and consequently
the quotations gave way, and prevented any, extensive business
being done. Great Western Railway Shares were at 21 to
194, the New at 10 to 9, and the Fifths .5.1- to 6 premium.
South Western were at 164 premium, and York And North
Midland 23 premium. Brighton Shares were 74. Croydon
1, Manchester and Leeds 13, and North Midland 32 discount.
British North American Bank Shares obtained 44 discount.
We are sorry to notice that the Foreign Exchanges were
again heavy to-day, and generally a shade lower. Thus Bills
on Paris were quoted at 25f. 65e. to 60f. ; on Amsterdam
12 44 to 4 ; on Antwerp, 12 3A to 4; on Hamburgh, 13 9 too;
on Frankfort, 150; arid on Trieste 9 56 to 58.
The exportation of the precious metals from the port of
London, during the week endinw
„, last Thursday, was 31,000
ounces of silver coin to Hamburgh, 459,000 ounces to Calcutta,
and 7,500 to ,Ro't.erdam. Of gold the shipments were 990
ounces to Rotterdam.
At the meeting of the Committee of Spanish Bondholders,
held on the 19th inst., several resolutions were agreed to ;
among others—that they cannot relinquish the belief that it is
in the power of Spain to pay 5 per cent. upon the New Stock,
nor can they recommend the admission of less to the bond-
holders ; that they have heard with surprise that the payment
of interest on the coupons converted is regularly made to the
stockholders in Madrid, while the English stockholders are
excluded ; that they consider the claim of the foreign holder
stronger; that until the decrees of the Spanish Government j
are officially communicated it would be premature to summon a I
general meeting.