The Sun.
London, England, 1847-12-01 00:00:00

BURCIMARDT, presented too formidable an aspect
to render the defeat of their opponents for a single
instant doubtful, and the successive capitulations of
such strongholds as Zug and Lucerne betrayed very
soon the weakness of the champions of the Sonder-
bund. Had the war been permitted to continue, the
consequences might have been the conquest and dis-
memberment of those cantons of the detested Sonder-
bund. This must have necessarily exercised a most
pernicious influence over the fortunes of the Helvetic
Confederation. The balance of interests would have been
lost, and the fate of the twenty-two independent muni-
cipalities might have proved in the end as mournful as
that of the twenty-two Girondists in the bloodiest
epoch of the Great Revolution. An auspicious pro-
spect rises, however, upon Switzerland, and the
British intervention made through the instrumentality
of Sir STRATFORD CANNING promises to restore
quietude and confidence to those heroic republicans
who reside among the fastnesses of European liberty.

Accounts from Pietrasanta of the 19th state that
an attempt had been made on the part of the Mode-
nese troops to surprise the Tuscan advanced posts,
but the activity of the troops and civic guard, sum-
moned by the drum and the tocsin, induced them to
retire with some precipitation.
The Augsburg Gazette states from Naples that the
Ministerial changes in that city have given great
satisfaction, and raised expectations of many amelio-
rations. It was said, amongst other things, that the
Government intends to reduce the duties on the im-
ports of raw materials.
The Piedmonlese Gazette of the 24th states that
the institution of a customs' league among the Pon-
tifical, Tuscan, and Sardinian Governments, the
Piedmontese reforms, and the resignation of Marquis
PIETEICATELLA, have induced the King of the Two
SICILIES to desire that Minister to form a plan of
reform, upon which PIETRACATELLA has had several
conferences at Portici with the Ministers of the three
Italian Governments, and the British Ambassador.
The great difficulty appears to be Sicily, on account
of the constitution of 1817 ; hopes, however, are en-
tertained that the matter may be settled by mutual
concession. The Hereditary Prince will reside at
Palermo as Viceroy of Sicily, and it is p3sitively
asserted that the KING will adhere to the Customs'
League.

A letter from Genoa of the 22d ult. says—

" Our Archbishop Cardinal Tadini died this morning
at the age of eighty-nine. This prelate was one of the
most zealous supporters of the Jesuits. The King has
received a deputation from several towns of Sardinia,
which demand to be placed in direct dependence on
Turin, instead of obeying a vice-reyalty. The petitions
praying for the organization of the National Guard, and
which are deposited in our principal public establish-
ments, are already covered by a multitude of signatures,
and every day receive more. A letter from Sardinia,
dated from Sassari, the 15th, speaks of popular mani-
festations in favour of the Progressist movement of
which that town has just been the theatre. Troops of
men, women, priests, and monks, wearing the national
cockade, made a procession through the town, crying—
' Long live Charles Albert ! Long lire Pius IX. I Long
live Gioberti r In the evening four or five thousand per-
sons made the cirouit of Sassari, carrying torches and
repeating the same acclamations."

The Bale Gazelle of the 26th says—" There are
different versions of the taking of Lucerne. Ac-
cording to one account, the federal troops entered
without resistance. The troops of the primitive can-
tons fled beyond the mountains, and part of those of
Lucerne retreated to the town. In the night of the
23d, the Governor, accompanied by General SILAS
SAGLIO, fled, it is said, with the public money and all
the most important papers. The federal troops are
stated to have been well received at Lucerne ; their
losses in the affairs of the 23d were considerable."
Another account states that the Sonderbund General
Sm.'s SA.Guo was wounded in the cheek The loss
of the division commanded by Colonel OCIISENSEIN
did not exceed, it is said, 6 killed and 30 wounded.
The same journal informs us, on the authority of
letters from Bellinzona, that the troops of the Sonder-
bund had commenced their retreat from the canton of
Tesino.

Accounts from Berne of the 26th say—" Lucerne
surrendered at discretion. General Dufour, in refusing
to grant a capitulation, promised to treat the people of
Lucerne with all the respect due to members of the fe-
deration. In fact, no excess marked the entry of the
troops, which took place at noon on tho 24th. They
were well received by the inhabitants. MM. Soigwart,
Meler, Haut. Zund, and General Salia-Seiglio fled, on
the night of the 23(1. The troops of the little cantons
also left by the lake to return to their homes. In the
morning of the 24th the gates of Lucerne were without
guards. 'Filer° now remain in arms against the Diet
only the Valais, Uri, and Unterwalden. The first federal
division has received orders to march against the
Valais."

A letter from Bile, 25th, says :—" Schwytz is ne-
gotiating to capitulate. Colonel RILLIST-CONSTAXT
arrived at Vevey yesterday to assume the command
of the division to which is confided the task of re-
ducing the Valais. It is supposed that this canton
will be to-morrow summoned to submit, and that in
case of refusal hostilities will commence the day after.
Colonel RUILLIBT. CONSTANT will have to act against an
army more numerous than his own, but there is no
doubt of his success, as the great majority of the
inhabitants of the lower Valais are liberals, and
will aid the federal troops."

Letters from Lucerne of the With announce that
the primitive Swiss cantons, Uri and Unterwalden,
being discouraged by the loss of the battle of Gisli-
kon, sent a flag of truce to General DUFOUR, with an
offer to submit to the orders of the Diet, on condition
that the latter would not occupy their country with a
military force, or require payment of any portion of
the expense of the war. It is considered certain that
General DUFOUR will grant these terms. A conven-
tion on this basis was probably signed on the 27th.
Schwytz has already surrendered, so that the defeat cf
the Sonderbund may be considered as complete.

Madrid papers to the 24th ult. have arrived.

In the Chamber of Deputies the discussion on the
Address had commenced, and Senor EBCOBURA had
moved the omission of the passage which censured
the conduct of the late Ministry. In the course of
the debate, which had not concluded, General
NARYAEZ gave an exposé of the policy of the Cabinet,
which was strict legality, oblivion of the past, and
tolerance towards all parties. The Eco del Comercio
says that it was rumoured that Niatvaiaz, SIM-
TORIS, and ORLANDO, were about to retire from the
Ministry, and that they would be succeeded by MoN,
IP DAL, and CONCHA, and that GONZALKS BRAVO
would be appointed Minister of Foreign Affairs.
MADRID BOLSA, Nov. 24.—The Three per Cents. were
done at 26 11-15 at .30 days; the Five per Cents. at 151;
the Debt without interest, at 4f for paper; and the
Coupons at 10k.

We have received th• Paris papers of Monday.
The Debats still continues to urge on the small
cantons to resist the federal troops, and declares that
it would be an error to suppose that the taking
of Lucerne had put an end to the war in Switzerland.
The small cantons, however, have gathered wisdom
from experience ; they know now exactly the trust
that may be reposed in the promises of M. Guizor,
and, according to the last accounts, were treating
with General DUFOUR. It was reported in Paris on
Monday the Schwytz had surrendered.

Differences of a serious character exist in the
French Cabinet. M. DIICITATEL, the Minister
of the Interior, is highly offended at the manner in
which the Embassy to Turin was offered to his
brother, M. NAPOLEON DUCHATEL. A Cabinet
Council was held on Sunday, to endeavour to arrange
the difference, but M. DUCHATEL did not attend, and
therefore the difference remains unsettled.

The influenza is raging fearfully in Paris. M.
TSCHANN, the Swiss ChargA d'Affaires, died suddenly
of the disease on Monday.
Thu following is the reply of the Minister of
Finance to the petition of the Chamber of Com-
merce at Havre, praying that all English coal pur-
chased for the use of the Post-office steam-packets
should be delivered in French vessels :

" Several shipowners and merchants of your port ad-
dressed me a demand, to the effect that the transport of
coal necessary for the service of the Post-office packets
should be exclusively reserved for the national flag. You
are not unaware of all the interest the Government takes
in our maritime navigation, and its desire to encourage
it by all the means in its power ; but however useful in
this point of view may be the measures solicited by
the merchants of Havre, as it would defini-
tively entail an additional expense on the public
treasury, it is only by increasing that item in
the budget, relative to the purchase of coal, that the
claim of the Havre merchants can be accomplished. It
is for that reason that a clause, reserving to the national
flag the right to convey coal necessary for the Post-office
boats during the year 1648, was not inserted in the con-

ditions attached to the contract adjudicated on the 12th
of November inst.

(Signed)

" DUMON."

The Three per Cents. closed on the Paris Bourse,
on Monday, at 771. 15c. ; New Loan, 76f. 90c.;
the Five per Cents., 1161. 55c. ; the Orleans Rail-
road Shares, 1,216 f. 25c. ; Rouen, 9181. 75c.; Havre,
502 f. 50c. ; Great Northern, 570 f.; Avignon, 5701.;
Vierzon, 557 f. 50c.; Bordeaux, 4951.; Boulogne,
385 f. ; Basle, 1701. ; Paris and Strasburg, 421 f. 25c. ;
Tours and Nantes, 4001.; Paris and Lyons,
406 f. 25c.; Spanish Actives, 23}; ditto Three per
Cents., 29.
MARSEILLES, Nov. 25.—Marseilles and Avignon,
5601. ; Northern, 5651.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE

LONDON STOCK EXCHANG,§OvxsnEn3O.
Boulogne and Ainiens,l4%—Central of France (Orleans
and Vierzon), 16—Northern of France, 12►,6—Paris and
Rouen, 55—Rouen and klavre, 19 Sambre and Meuse,
61--Tours and Nantes, 4f4—West Flanders 1%.

MONEY and COMMERCIAL NEWS
CITY, QUARTER TO THREE.

The Cotton Market at Liverpool yesterday was ra-
ther heavy. Sales, 2,000 bales, of which 1,700 were
American at 44d. to 6d. per lb. Railway Shares were
in rather improved request.

There are no later colonial or foreign arrivals to-day,
and attention is chiefly directed to the proceedings in
the Legislature upon the subject of the monetary pres-
sure. On all hands it is admitted that the subject is one
deserving the serious attention of Parliament, and
although not much present practical good is
expected from the mere appointment of a Committee,
which will " drag its slow length along," it is conceded
that the gravity of these recurring crises renders a deli-
berate investigation of the utmost importance. The
question is frequently asked by the City quid *sow how
will the Chancellor manage with his deficient revenue?
and in truth as yet we have not heard a very satisfactory
answer given. The amount to be made up may be sup
plied by deficiency bills, but this supposes a subsequent
improvement in the national Income, either in the natural
course of trade or by increased taxation.

The Lords of the Admiralty appear, by s recent
letter, to have ordered that Cameron's Coalbrook
steam coal be placed on the list of coals supplied by
contract for her Majesty's steam vessels. The quality
of this coal for steam purposes appears to have been well
attested prior to this sanction on ;the part of the Go-
vernment.

There ere various matters touched upon in the Ame-
rican papers, which appear to be of oonsiderable in-
terest. Respecting the future condition of the United
States money market we are told that :

" The banks are evidently aware that the money
market will be very tight; that we aro going to have
hard times, and that the commercial classes generally
must see a vast deal of embarrassment before another
season of business rolls round, and they wish to prepare
themselves for the crisis. Much depends upon the
course pursued by the banks, and by those engaged in
commercial pursuits, and these may, by a contraction
of operations, reduce the effect of the collapse.
The revulsion in England will have an influence upon
this country, and it may be exceedingly disastrous. It
is true that we have not been very heavy losers by the
failures on the other side ; but these will have such an
effect upon prices for our productions, that holders in
this country must, in the event of their being compelled
to realise, suffer seriously. &tight money market will
force many to sell, and many houses will in this
way be made bankrupt. We have more to fear
from a depreciation in prices for staples, than
from any direct losses by failures in Europe.
While these things are hanging over the heads of the
commercial classes, we see no preparations made for the
coming blast; we see no contraction. in credits, no re-
duction in expenditures, no husbanding of resources; on
the contrary, the reverse. We see a species of extrava-
gance increasing with most alarming rapidity, which
sooner or later, must lead to times similar to those ex-
perienced ten years ago. We are on the same road which
led to PO much ruin in 1837, and the same results will
be realised, unless an immediate revolution takes place.
The expenditures required to maintain the mode of
living practised in the west end of the city, is sufficient
to sap the foundation of almost any house engaged in
business, and if the truth was known, if we could get at
the actual condition of the concerns, the members of
which live in such magnificence, we should find that
many of them bad been hopelessly bankrupt for years.
Wo should find under so much beauty, utter rottenings
—and wonder how so much corruption could exist so
long, without spreading disease into every section of
society."

There has been a further improvement in the value
of Consols, some considerable purchases haying been
made, for Money 85f, and for the Account at 861.
The opinions vary very much as to the benefit to result
to the Funds from the inquiries to be made by the
Parliament into the currency, &c. The premium upon
Exchequer-bills is now 23. India Bonds have receded
from 255. to 325. discount. Bank Stock is quoted at 187
to 189.

In the Foreign Funds there has been a trifling amount
of business transacted to -day. Spanish Five per Cents.
have been sold for Money at 17i, and a fraction higher
for Account. The Dutch Two-and-a-Half per Cents.
are at 54k, the Four per Cents. at 83!, Grenada at
18, Mexican for Account at 17, and Russian at 106.
In the Railway Share Market the chief alterations
have been a slight improvement in Birmingham, Wol-
verhampton, and Derby, in Caledonian, in the Eastern
Counties, in Lancashire and Carlisle, in London,
Brighton, and South Coast; in London and North-
Western, in Midland (31. a share), in North British, and
in York, Newcastle and Berwick. A few of the other
lines aro lower than yesterday.

oNE CLOSING
PRICES OF BEITISII FUNDS. O'CLOCK. PRICES
Bank Stock .. lB7 189 189
3 per Cent. Reduced Anne.. B4 83% 841 i, 84!4
3 per Cent. Consols Annuities.-... 8514% AIN IA
.Pijeanj.945,118866°0......• 88L 85%
New VA per Cent. Anns
85%
LoongitAnto
3nos.)t.oeaerxs 851-%16V
8 9-16
India Stock
232 5
Ditto Bonds 10001
Ditto Old Annuities
Consols for Account 8614 857 88!4. 86
Exchequer Bills. 2d.
.

1,0-ow.
5001,
Small
ox-R CLOSINt4
i•RICES OF FOREIGN FUNDS. O'CLOCK PRICES.
Equador Bonds ........ 21% 2%
per Cent....... 18 ex diT 18 ex div
3% 3%
GrenadaisieDxiCent.ticatonD,Besofenprdserre,dl
16%% 16%
Ditto, Account ...... 17 17
Ditto, Small
Portuguese 5 per Cents. — 211
Ditto, Small 24% 24%
Russian Bonds «.« 106 106
1846
Spanish 5 per Cent. 1840. .......
Ditto. Account 17% 17%
Ditto, 3 per Cent
Dutch, 2% per Cent., 12 Guild , 541,4 5414
Ditto. 4 Der Cent. Certificates 83% 83%
PRICES OF
11
RAILWAY SUARES
ABTBorx 17,C DORICCLOSING .
riticEB
Aberdeen
.. .....
Amanbd Eastern
Ntt
Avrshire and Galloway.. 2% ...... ... .........
...
Belfast & County Down 10 ......
....
.......
..
Birmingham and Ox-
ford Junction
asorn., Junction Bosn o P,
2D1i.......
.....
Birmingham, Wolver-
hampton, and Dudley 10 ..... 13% 14%
Birming.,Wolverlepton,
and Stour Valley... .. 8 ••••••
Birkenhead, Lancashire,
and Cheshire June.... 73/4 ......
Boston, Stamfd, & Birm. b ...... .... ....
Bristol and Exeter
Ditto, Thirds - ......... •..••
Buckinghamshire 101. 43 —
Caledonian
Ditto, Half Shares..... 3% —
Ditto,Clydesdale June 50 ......
Chester and Holyhead... 37% —.
Ditto, Preference .. 8
••• —
Clarence
Do. Ist Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent............ 10 ..... «
Dublin and BelfastJunc. 20
Dundalk & _
Enniskillen 15
East Anglia, 25/., L. is
E. and L. and D.
..... 25
Do., 181., B. & H.... 18
Do., 34 105.,E. &11. 1
Eastern Counties ....... 20
Ditto (8)•.............. 20
Ditto, Perpetual, 5 par
% die.
Cent, No. 1. ...... 6/. 13s. 4d — ...............
Ditto ditto, Nu. 2... 6/. 13s. 4d — ...............
16%%?/8/3
%di:. .... .. .. ... .. /Vs
Iditviis•
Do., York Extension.. 10 .....--
Do., North. & Eastern 50
• •••
Do., Quarters
......... 121 h .•••••
.....
Do., New ............ ... 23 ......
Eastern Union ........... 50 .• ••• *** ...... " •••
Ditto, Quarter Shares 12%......
Ditto. Thirds ... ..... 135.-4 d ...... ••••"
Do., (guar. 6 percent) ...... ......... •••••
East Lancashire •
......... 25
Ditto. New ......... .. 13 « •••
Ditto, New Quarters... 3%
East Lincolnshire ...... 12%
Edinburgh and Glasgow 50 • •••••
Ditto Half Shares
... 15
Ditto, Quarter Shares 12% ••••••
Edinburgh & Northern.. 221%.....
Ditto, New ........... 3 -
t.i ...... ...•••
Ditto, Newport...,,
... 9,4 ......
Ditto, ditto, New ...•. 214 —
Exeter, Yeovil, & Dorch. 2% —
Ditto, New
Glasgow, Dumfries, and
Carlisle 81.6x. 8d .....
Glasgow,Kilmar.,& Ayr 50 ......
Ditto, New
Do. Preference Consol. 12%......
Great N0rthern............ 10% 4%
Do., London and York 2 %.. ...
Great South. and West.
(Ireland) ............... 85
Great North of England..loo
Ditto, New 40/.
Ditto, New 30/.
Ditto, New 15/. l% I7I/ . .. 17%
Great Western... BS
Ditto, 1,4 Shares.. ,50 ,60

141-A,

65%

86Ih

_
204

.....
41,4