The Sun.
London, England, 1840-11-11 00:00:00

MONEY MARKET and CITY NEWS.

(TUESDAY EVENING.)
POST.—The leading particulars communicated by
us yesterday relative to the stoppage of Messrs: H. and
J. Johnston and Co. seem, from what has transpired
to-day upon the same subject, to have been substantially,
if not literally, correct. A few additional facts have
been elicited from the party who took the most promi-
nent share in the extraordinary frauds practised on the
house. This person has not quitted the kingdom for the
United States, as was generally affirmed to be the case,
On the contrary, it is found that he is not only accessible
to his late employers, but that interviews have already
taken place between them. No harsh measures are,
we understand, to be adopted if such disclosures be
made by him as may enable Messrs. Johnston and Co.
to wind up their affairs in the best manner that circum-
stances will at ail admit of ; and it is believed that some
of the property declared to have been squandered and
lost is not so utterly beyond the reach of recovery as
was imagined in the first instance. The sum jeopar-
dised is said to be from 80,000/. to 90,000/., while the
total liabilities of Moms. Johnston and Co. are esti-
mated at 150,000/. A report was current in the course
of the afternoon that the establishment had, before their
suspension, provided for the whole of their engagements
falling due within the ten days following, and that, in
the event of things not turning out materially worse
than present appearances would seem to justify the ex-
pectation of, they will resume almost immediately. This,
however, was not commonly credited.
The value of the English funds, as quoted at the
commencement of business, has not been fully supported.
Sunday having intervened at Paris, we have further
quotations from the thurse by which to regulate the
operations in this market, and the speculators have, for
the moment, ceased from going into any bargains of
magnitude, much importance, in the present circumstan-
ces of the two nations being naturally attached to the
stock jobbing movements reported trom that capital.

HERALD.—The Palmerston policy, as measured
according to the editorial Globe, by the unerring test
of the funds, is damaged somewhere about 1-16th since
yesterday. The singularity is that the policy is com•
paratively worse for time than money, the reverse of
esterday, which would seem to indicate that the job-
bers, who are quite as keen politicians as the people in
the left Strand, take it that the policy is better in its
results now than it is likely to be by and by.
A curious scheme is talked about, and said even
about to be advertised to-morrow, for the cooking-up
Portuguese loan affairs. The outline, so well as it
can be gathered f:om report, is something to the fol.
lowing effect quarter of a year's dividend, that is
11 per cent., is to be declared and paid upon the run-
ning dividend. Stock is to be created and given in
payment of all dividends in arrear. The Three and
Four per Cent. Bonds are to be consolidated under one
denomination of stock. Upon the gross amount of
stock, and arrears of dividend converted into stock, if
is proposed to pay dividends at the rate of
24 per cent. per annum for the Ist term of 4 years;

3 per cent. per annum for the 2d term of 4 years ;
4 per cent. per annum for the 3d term of 4 y ears;
5 per cent. per annum for the 4th term of 4 years ;
and for 22 years next following at the rate of 6 per
cent. per annum. Upon this curious project it is unne-
cessary to offer any observations until it shall appear, if
really intended, in a more authorised shape.
In noticing the fact of Mr. Easthope's withdrawal
from the chairmanship of the South Western Railway
Company, allusion was made to the " great number of
joint-stock undertakings in which he is either director
or chairman of the board." The fact is denied on the
authority of friends of that gentleman, and it is as-
serted that exclusive of the South Western, he has not
belonged, or does not, to more than three joint-stock
companies. It may be fairly conceded that a man of
business and activity as Mr. Easthope undoubtedly is,
would not find the labours of three or even four direc-

torships more than could and would be discharged with
punctuality and efficiency. The remarks were of
course directed against the system, but too prevalent in
the City, of the manifold accumulations of directorships
in the same individual, the duties of all which it must
be clearly impracticable for one person to perform at the
same time, although the fees are regularly received as
if the obligations of the offices were duly fulfilled.

SUN.—The Foreign exchanges were better this after-
noon, and we trust will not again be subject to a re-
action. On Paris the rate for bills was 25f. 475 c. to 521 e.,
on Amsterdam 12 21, on Hamburgh 13 7} to 8, on
Frankfort 1481 to h. and on Trieste 10 2.
The English Securities were not so firm to-day.
Consols brought 881 to 89 for Money and Account,
just before business closed this afternoon. There were
more sellers than buyers at these quotations. Exche-
quer Bills brought par to 2s. premium, India Bonds I Is.
to 14s. discount, Bank Stock 159 to 100, and the New
Three-and-a-Half per Cents. 284 to 5.
The Foreign Securities all went up again to-day,
if we except Spanish Active Bonds, which were heavy
at 215 to 315. Portuguese New Five per Cents. ad-
vanced from 34 to 341 ; the Three per Cents., from
225 to 221; Colombian Bonds of 1824, from 245 to
25 ; Mexican Five per Cents., from 28i to 29, though
the latest bargain was at 28 ; Chilian, at 55 to 56,
being a rise of 3to 4 per cent. ; and Peruvian, at 15
to 141 ; French Five per Cents. ranged from 109 f.
50c. to 110 f. 25c. ; and Dutch Two-and-a-Half per
Cents. from 515 to 51-5. The Account prices of
nearly all the Stocks were rather higher than those for
Money.
The Railway Shares were not quite so firm to-day,
but the sales were only to a limited extent. For the
Great Western the quotation was 185 ; for the New,
7 to 7:1 ; for the Fifth Shares 41 to 34 premium ; and
for the South Western 131 premium. The Brighton
Shares were at 121 to 124 ; the Greenwich at 135 to
133, ; the Croydon at 24; the North Midland New at
3 ; the Birmingham and Gloucester at 211 ; and the
Bristol and Exeter at 2.5 dis. Provincial Bank of Ire-
land Shares were at 19 prem.
The following was the exportation of the precious
meta!s from the port of London for the week ending
Thursday last :
Silver Coin to Rotterdam Ounces 4,000
„ Hamburgh
ft „ Belgium
„ Swan River 16,080
„ Gibraltar and Mogadore 8,000
Silver Bars to Hamburgh
Gold Bars to Rotterdam
Gold Coin to Swan River ... 740

SPIRIT of the PUBLIC JOURNALS•

FROM THE MORNING PAPERS OF THIS DAY.
(From the Morning Advertiser.)
It will be seen from the brief report which we give
in another column of the proceedings yesterday in the
Consistorial Court, that the case o Mr. John Thoro-
good was again brought forward. The result was just
what might have been expected. The Church exhibits
no symptoms of a disposition to relent, but seems re-
solved to persecute the poor unfortunate man unto the
death. Just see the aspect in which the Church ap-
pears in this matter. When the report of the Re-
gistrar of the Court was read, " Her Majesty's Advo-
cate for the Churchwardens of Chelmsford contended
that before the Court could release the party from impri-
sonment, the costs must be paid. This could not be
superseded." The Court, as the lawyers say, ruled to the
same effect ; and therefore the Church-rate victim has
nothing before him but the prospect of perpetual impri-
sonment. With the Court we have no quarrel. On
the legality or otherwise of the decisie,, we do not pre-
tend to be qualified to form an opinion. But what shall
we say of the Church ? Has she no bowels of compas-
sion at all ? Is her thirst for vengeance on those who
dare to di!pute her authority or resist her mandates
never to he satiated? Will she be satisfied with no-
thing short of the life of her victim ? We regret, on ac-
count of the unfortunate individual himself, that he
should be subjected to this living martyrdom ; but, in
that solitary dungeon in Chelmsford Gaol to which the
Church has consigned him, he is doing more for the
cause of Christian liberty than could be effected in many
years by the combined efforts of the Dissenters. The
living martyrdom of Mr. Thorogood is a species of
logic which all can understand : though silent, it
is resistless—a discovery which the Church will
make ere long, though not, perhaps, until it is too late.
We beseech the friends of civil and religious liberty,
by whatever name they are called, or to whatever class
they belong, to bestow their special attention on the
position in which John Thorogood is placed. He is
sentenced to imprisonment for life, unless he violates
the dictates of his conscience to gratify the caprice of
the Church. She demands five shillings and sixpence
in the name of rate : he refuses to pay the amount
solely from conscientious scruples ; and she forthwith
throws him into prison, and subjects him to costs to the
extent of more than 801. for the proceedings which she
takes in wreaking her vengeance upon him. In the
dungeon to which, in her tender mercies, she consigned
this unfortunate man nearly two years ago, he has re-
mained up till this moment ; and, therefore, as already
remarked, she seems resolved to retain him until he is
released from her cruel clutches by the hand of death.
And all this not only occurs in a Christian land,
but at the instance of a body of men who represent
themselves as the ministers of Him whose religion is
essentially a religion of mildness and mercy. Happy
ci is
ai
st e fso John
ith hi ce,
or o;ngdot
thehocal t tchsohantetitenhe p
cannot
nooof
twe
the
•ilr of the u
pursue
esehni
tCmv,lour‘r.riletdli
her vengeance
one injustice to the clergy,
or toCould
t eniyr churchwardens It:Lends n4ll injassuming that they would,
if they could, follow John Thorogood in the spirit of
persecution in the worid to come ? To owe the Church
five shillings and sixpence is in effect to place a man
in a worse position than if he were to commit felony,
highway robbery, or any of the other more aggravated
crimes against the property or persons of society. A
limited imprisonment in this country, or transportation
to another land, for a specified period, will meet the
demands of law and justice in such cases ; but he who
has the hardihood to question the authority of the
Church, or refuses to recognise her claims—though the
claim may only be a few shillings—does so with the