The Sun.
London, England, 1847-11-13 00:00:00

THE SUN, I_,O DON sATTIRDA.V
_EVENINGL NOVEMBER le, 100.

once recognises and avows that " the supply of labour
by immigration was the resource for which the
assistance of her MAJESTY'S Government might be
chiefly made available." When it is remembered that
the principal portion of the difficulties experienced in
Jamaica and the surrounding colonies is traceable
directly and immediately to the deficiency of
labourers, and when it is borne in recollection more-
over that the West Indian planters have in a parti-
cular manner declared their readiness to continue the
present rate of wages under all circumstances, and
their solicitude to obtain more labourers at the same
rate of remuneration, it is obvious that the necessity
of a copious and rapid immigration requires no de-
tailed or elaborate enforcement.

The next consideration, therefore, is the locality
from which immigrant labourers can be obtained,
and the auspices underewhich they should be supplied.
In striving to discover a ready answer to the former
inquiry, we are irresistibly reminded of the Hill-
Coolies ; but the notorious fact that they are con-
stitutionally unfitted for the sultry toils of the sugar
plantations, and the recollection of the enormous out•
lays incurred by their transportation in sufficient:num-
bers from the interior of the British portion of
Hindostan to the -West Indian Archipelago,
renders it obvious that labourers must be
sought elsewhere. In this dilemma the Noble
Secretary for the Colonies has devised a plan by-
which the necessities of immigration from Hindostan
are obviated, and a terrible and final exorcism is pro-
nounced against the ensanguined demon of slavery.
How far the latter consequence is calculated to en-
hance the glory and economise the strength of Great
Britain, those will perceive who are familiar with the
devastations caused among our seamen by the idio-
pathic fevers prevalent along the western coasts of
Africa. By the reports not long since published re-
specting our system of naval surveillance for the pre-
vention of the slave trade along those poisonous
and deadly shores, it is demonstrated beyond denial
that we have hitherto, in the earnestness of mis-
directed philanthropy, evoked upon the heads of our
sailors a dismal amount of suffering and mortality,
not merely without conducing to the reduction of
slavery, but even to the deplorable increase of the
agonies of the negro population. The project of the
Government in reference to the plan of wholesale im-
migration to the 'West Indies, must, when effectively
carried into operation, terminate the miseries re-
sulting from this surveillance, by terminating the ne-
cessity for its continuance.
It is proposed that the inhabitants of Africa shall
be conveyed to Jamaica, or wherever else their
services may be required in the Archipelago,
and that their immigration shall invariably be
of this conditional character ;—first, that they
shall continue free labourers throughout the period
of their servitude, and secondly, that they shall only
be transmitted across the Atlantic when such a course
shall be in compliance with their own wishes. As a
preliminary movement, her MAJESTY'S ship Growler
has proceeded to the western coast of the African
continent to treat with the population by means of
delegates from British Guiana and Trinidad. These
delegates, it must be observed, are peculiarly quali-
fied to open the road to the present scheme of free
immigration, seeing that they are themselves la-
bourers returning homewards after the realisation of
a comparative competence—a circumstance sufficieLfiy
proved by the fact that 29 individuals amongst them
had deposited in the hands of the Captain of the Growler
no less an runount than 5711. 15s. 10d. accumulated
out of their earnings. The proposition of the Go-
vernment, however, does not imply the immigration
of negroes from any part of the western coast indis-
criminately, being, in an express manner, restricted
to such localities as are not disgraced by the pro-
moters of the slave trade. And beyond this it is
intended that the immigration shall be carried on
under the superintendence of a Government agency.'
By such an arrangement the possibility of the recur-
rence of abuses will be prevented and adequate sup-
plies of Kroomen, and negroes from other quarters
of Africa, will be conveyed to the hitherto unremu-
nerative plantations of our colonial agriculturists.
In suggesting and adventuring upon this scheme
of the immigration of: free labourers, the Legislature
is in the most effectual manner preparing our colonial
merchants and proprietors for that day which is
rapidly approaching, when the discriminating duties
will disappear, and when the principles of free trade
will open to equal competition free-grown and slave-
grown sugar. The step is one of laudable audacity;
and while it may for a while arouse the clamorous
opposition of those who in their perverse judgment
imagine that they perceive in it the revival of the ab-
horred system of slavery, we are satisfied that it will
ultimately redound to the glory of the British em-
pire, by demonstrating:the false economy of bondage;
that it will extricate our West Indian colonists from
their present diversity of difficulties, and elevate them
to an unparalleled prosperity ; and that it will
finally tend to ensure the happiness of the black race
through the medium of an Universal Emancipation.

The Earl of CLARENDoN, since his assumption of
the Vice-royalty of Ireland, has earned for himself
golden opinions from persons of all classes, creeds,
and parties. His kindly disposition and conciliatory
demeanour—qualities at all times of the utmost im-
portance, but absolutely indispensable in a Chief
Governor at the present period—eminently qualify
him as a fitting successor to the illustrious Marquis
of NORMANBY in that exalted station—a nobleman
who has justly been designated as " the backwoods-
man of a Liberal Administration in Ireland." The
system which was then introduced with such
difficulty, and in opposition to so many ancient
prejudices and long cherished antipathies, is now
steadily followed up. The people are shown
that they may rely on the justice and im-
partiality of the Government, persons are no longer
selected for the most important offices, to discharge
the duties of public prosecutors and local magis-
trates, because they may have evinced an unrelenting
hostility to popular privileges and to liberal opinions.
the administration of justice is beyond the reach
even of suspicion itself. Ireland has now judges and
magistrates well qualified for the offices they are
selected to fill, and, still better, who possess the con-
fidence of the people, and officers of the Crown
whose characters afford the best guarantee that they
will not in any degree strain the laws to suit an exist-
ing purpose, or resort to undue means to obtain a
verdict, and also juries fairly empanelled from
the freeholders of the respective counties and cities,
whose intelligence and integrity point them out as
persons well fitted to hold the scales of justice with
honesty and impartiality—not packed, but selected
without reference to their religion or politics.
These are important ameliorations, and the people
mu:..t be satisfied that under an Executive by which
such a system has been founded and steadily main-
tained, they will be, fairly dealt with, and that no
unnecessary stringency or severity will be intro-
duced against them.

It is not in these respects alone that the Earl of
CLARENDON has proved himself to be a true friend
to Ireland. He has taken a leading part in the pro-
motion of everything by which the national resources
may be fully developed, the internal improvement of the
country advanced, and employment afforded to the
labouring population. His addresses and answers to
the different deputations by which he has been ad-
dressed have been distinguished by a spirit of benig-
nity and genuine philanthropy beyond all praise.
When obliged to negative the propositions, to reject
the applications that have been made, he has done so
in the most courteous manner, pointing out with
clearness and lucidity the reasons that compel him to
take such a course, and render it impossible to comply
or
oyn vferye
free
d from,
with ther offerede suggestions, and even when reproof
e is
spirit, perfectl
sozrow
in
proclamationa
that
r h.
it ish
bitterness
ran
ess paternalor
acerbity—
more a n d
forTmheof a circular as just been issued in the
to the Lieutenant of the dif-
ferent counties possesses these.ll characteristics
in a striking degree, andanNdvi
obedience than
command greater respect
if couched in stronger language. sThereie c e than
are no
threats fulminated of new and extraordinary
mea-
sures of coercion, but there is a firm determination
temperately expressed, to vindicate the majesty ofn 1
the law, " to exercise all the power with which he
is invested, as well for the suppression of disturbance,
as for the prevention and detection of crime"---while
the present frightful outrages and bloodshed by which
certain localities are polluted are deplored, their true

origin is assigned, and the whole people are not libelled
for the atrocities of a few sanguinary desperadoes. The
burnings, the robberies, the assassinations that have
taken place are not occasioned by the poverty of the
people, or the destitution that has unhappily prevailed
during the past year, and which is still impending
over the country, but by the acts of certain habitual
desperadoes, who, outlawed for the crimes with which
they are already stained, are prepared to perpe-
trate any new offence against the laws, reckless
of the consequences. Gangs of these miscreants
move from place to place, and the peace
and tranquillity of any district they visit is
immediately violated. The smaller farmers and
cottiers are intimidated from opposing any re-
sistance to their operations, or withholding the
assistance that may be required. Too many fearful
examples testify the utter inefficiency of any protec-
tion that can be afforded by the Government against
these bandits when once their vengeance or their
animosity is excited. The wretched huts of the
peasantry can afford no effectual resistance against
the attacks of an armed gang, and any oppo-
sition to their dictates, or information as; to their
haunts or proceedings, are visited with the most un-
relenting barbarity, not only on the person himself,
but on the innocent members of his family. Offences
against their abominable code are vicariously ex-
piated. If the offender himself escapes from their
brutality, a wife, a child, a parent, or a
brother will be sacrificed as a victim in his place-
By these horrible practices they have succeeded in
intimidating the inhabitants of the districts and ter-
rifying them into yielding an apparent assistance to
their persecutors, whose acts they would otherwise
gladly oppose. " Nothing but a vigorous and ener-
getic co-operation of those whose properties and lives
may be sacrificed at the hands of these offenders
(says his Excellency) will enable the authorities to
carry out successfully the endeavours to vindicate the
14w, and protect her MAJESTY'S peaceful subjects."
This is undoubtedly true; and an earnest appeal is
made for that co-operation, not only to the gentry,
but to those classes by whom alone the system can ever
be effectually eradicated, and who are perhaps more
interested than any others in its extinction—" the
well-disposed farmers and industrious peasantry who
seek to earn their livelihood by honest labour."
His Excellency expresses his firm determination,
"by every means in his power, to suppress the wicked
spirit which now disturbs the public peace, and
retards the social improvement and the prosperity of
the country. The constabulary will be increased in
all disturbed districts, military detachments sta-
tioned wherever necessary, in aid of the civil autho-
rities, and efficient patrols maintained,—liberal re-
wards given for information leading to the arrest of
offenders, and ample protection to all who come for-
ward and prosecute them, and no exertion spared in
rigorously enforcing the law against those by whom
it is violated." These are vigorous means, and will no
doubt have considerable effect in attaining the de-
sired object; but the course indicated in the last para-
graph of the proclamation will be by far more effec-
tual than any above-named, and if strictly followed
will give the death blow to the system. The penalties
of the law against all accessories are pointed out,
against those who protect criminals against their
pursuers—who afford them the means to escape—
who aid in their disguise—who mislead those who
may be in search of them—or who harbour offenders
in their houses—and the law will be put in force,
not only against the culprit himself, but against
those who give him aid, shelter, or protection.
This is the judicious course to be adopted, and not
the less desirable because no extraordinary powers
are demanded. The existing laws are alone resorted
to, and, until they have been proved insufficient, no-
thing further should be required. By this procla-
mation Lord CLARENDON has added to his well-
merited reputation.

The Alba of Florence publishes a letter from Elba,
from which the following is an extract :—" You know
that at Porto Ferrajo there was a French ship of war
stationed, but you do not know, probably; that the
commander of this vessel had intended to give a ball.
As soon as his intention became known to the inha-
bitants of the island, a public meeting was held on
the Place, and it was unanimously resolved that the
name, age, quality, and appearance of every lady
who should accept his invitation should be registered
in a book and published, and that their husbands,
sweethearts, and cavaliers, should be considered
as Codini. Perhaps you do not know what a
Codino is. I will tell you ; a Codino is one who has
the ideas of a past century, and who is invariably a
butt for ridicule (a roccocco, in fact). As soon as
the ladies heard of this resolution, which was adopted
by the great majority of the islanders, they not only
returned the invitations to the ball, but refused to
visit the vessel. This circumstance will prove to you
how ardent is the attachment of the inhabitants of the
Island of Elba to GUIZOT."

It is stated in a letter from Leghorn that some
surprise and dissatisfaction has been expressed there
at the Prince DE JOINVILLE not having, at his recent
visit to Leghorn, gone to Florence, as formerly, to
pay his respects to the GRAND DUKE. It was ru-
moured, however, that the KING of the FRENCH had
declared his entire satisfaction at the incorporation of
Lucca with Tuscany.
Letters from Florence of the 4th inst. announce
that on the previous evening the people made a mani-
festation in favour of King CHARLES ALBERT. An
immense crowd congregated before the hotel of the
Marquis DE CARREGA, the Sardinian Minister,
crying, " Viva CHARLES ALBERT, PIUS IX., the
independence of Italy, and the Commercial League."
M. CARREGA presented himself at the balcony, and
thanked the people, but having no Sardinian flag to
hoist, he unfurled that of Tuscany amidst deafening
cheers. The Alba states that the ten persons on
whose heads a price had been set at Messina, had
escaped on board an English vessel.

A letter from Rome of the 2d says—
" Nothing has been decided upon as to the resig-
nation by Cardinal Ferretti of the office of Secretary
of State. All good men are exerting themselves to
induce the Cardinal to retract his determination. It
is said this morning that he has been prevailed upon
to remain in office until after the installation of the
Deputies and the Municipality. It is also rumoured
that the people of Rome are about to solicit his Emi-
nence not to retire at this moment. Cardinal Ferretti
has too much patriotism not to yield to this appeal, not-
withstanding his distaste for business and his desire
of repose. All hope of retaining him is not yet lost,
and his resignation is not formally accepted. In all
other respects Rome is perfectly tranquil. The resig-
nation, by M. Morandi, of the Governorship of
Rome, is accepted. It is expected that changes will
shortly be made in the officers of the Court of Rome.
M. Morichini, Pro-Treasurer, is to go to Paris as
Nuncio, and lie replaced as Minister of Finance by
Mgr. Rasconi, who will be succeeded as Maggior-
Domo by Mgr. Corboli Busi. Mgr. Savelli is to be
Governor of Rome."

The Augsburg Gazette states, from Turin, that the
Duke of MoDENA has, in consequence of the agitation
in his duchy, and the difficulty of obtaining posses-
sion of the territory which has been ceded to him,
applied formally for the aid of Austria, but adds, that
it will probably be refused, like a similar demand
which was made by the ex-Duke of Lucca.

The llelvetie of the 9th gives the following account
of the commencement of hostilities between the Swiss
National troops and those of the Sonderbund. The
latter, it appears, commenced the attack and were
compelled to retreat into their own canton.
" Hostilities commenced on the 4th with an attack
upon Tesino, and consequently even before the Diet
had issued its decree for execution. The canton of
Uri had caused the passes over St. Gothard to be
occupied. On news of this being received, a batta-
lion from Tesino assembled at Bellinzone. Artillery
from Lucerne having joined the detachment from
Uri, this small corps made an eruption into Upper
Tesino, which was without any troops, and which it
hoped to revolutionise in the name of religion. But,
at the moment, volunteers arrived from all sides, and
forced the aggressors to retreat, leaving several of
their men dead on the soil of Tesino. Among these
were Major Arnold, of the Schwitz artillery, and
Lieutenant Balthazar, of Lucerne, a nephew of M.
Amrhyn, late Federal Chancellor. This unfortunate
young man had only very recently returned from the
tclbiriyanii
st hvapoenrireise.tii
pretended
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tv,odaf
est
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aoorrnfefiaoies this
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that
received
ehvi
dnee
them with the muzzles of their carabines."
A letter from Berne of the ith says—
"prniovele a clue iscsea
gcls eftrteooral daactivecoc a ught certain individuals
Lucernee to Berne, which, it
llusions between the
ca
ap
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airng r
g s
,

Sonderbund and the Conservative party in Berne, for
we learn this morning that the advocate, M. Settler,l
a member cf the Grand Council, and active patron of ,
that violent journal the Volkszeitung, has been
arrested. All communication with Lucerne is in-
terrupted. We only know that the most frightful
terrorism continues to prevail over the Liberal party
in that town, which is very numerous. The decree
which declares the canton to be in a state of siege
has produced novel and violent consequences in the
Confederation. Under this decree every citizen is
bound to obey the orders of the military authority.
Those who resist or evade those orders, those who
attempt to paralyze the measures of the Government,
either by word or deed, by writing or action, those
who attempt to divert the soldiers from their duty,
are to be immediately tried before a court-martial.
The court-martial of the Seven Cantons is defini-
tively organized, and is composed of a deputy from
each canton of the League, taken from the most violent
partisans of the Sonderbund, under the presidency of
the famous Siegwart Muller. It is to this supreme
authority that all the powers of the allied cantons,
and all their military operations, are made subject.
All dispatches from Lucerne to the different cantons
of the Sonderbund have the following heading in
lithography : Vorort of the Seven Catholic Can-
tons.' We have consequently two Vororts in the
Confederation."
The Ami de la Constitution of Berne states that
the number of muskets supplied from the French
arsenals for the use of the Sonderbund is estimated
at 25,000, and that 45 pieces of artillery have also
been received from the same sources. The same
journal contains an article addressed to the German
press, in which it thanks the journalists of southern
Germany for the sympathy that they have manifested
in favour of the federal Government of Switzerland,
and contrasts their generous sentiments with those
of a different character expressed by the organs of
the Austrian Cabinet.
All the cantons of the Sonderbund have been
blockaded since the day the declaration of war was
made by the Diet. The markets of Zurich and
Argovie, from which they have hitherto derived their
supplies of provisions, are closed against them. They
may, however, for the present obtain provisions from
some of the Catholic vallies of the Grisons, and from
the canton of Valais, which communicates directly
with Savoy and Piedmont, but as the winter ad-
vances the passes will be blocked up by snow ; and,
deprived of this resource, they will probably be
starved into a surrender. Several refugees from Lu-
cerne have joined the federal army.
- -

A letter from Bale of the Bth states that it was
rumoured in that city that the troops of Zurich had
on the previous day taken possession of Zug, after
some smart skirmishing, in which they had obtained
the advantage, and that after leaving a sufficient gar-
rison in Zug to hold the place, the main body of the
Zurichers had marched on Lucerne, and had taken
possession of all the towns and villages situated with•
out the lines of defence on the Reuss and the Emme.
1.1
Madrid journals of the 6th have arrived.

The Gazette publishes a decree appointing General
CORDOVA a Senator. Ros DE OLANo will, it iS said,
proceed to Lisbon as Ambassador.
General FRANCISCO FULGIOSO is appointed Captain-
General of Burgos, in the room of General CAME-
RING.

General ALAN has written a letter to the QUEEN,
complaining of the violent and unconstitutional con-
duct of NARVAEZ in banishing him from Madrid,
and demanding permission to return to the capital to
fulfil his duties as a Senator. The QUEEn, it appears,
had signified her desire to General ALAIX that he
should present her with a list of a new Ministry, but
NARVAEZ and CHRISTINA having heard of it, went in
the night to the apartments of ISABELLA, and re-
enacting the brutalities of the night of the betrothal,
the virtuous mother and the loyal subject coerced the
unfortunate SOVEREIGN into giving a reluctant con-
sent to the banishment of her friends.
The Afrancesados intend to banish SALAMANCA
and ESCOSURA, and have already dispatched PAVIA
to Catalonia.

MADRID BOLQA, Nov. 6.—The Three per Cents.
were done at 26k, at fifty days ; the Five per Cents.
at 15 for paper ; the Debt without Interest, at 41 ;
and the Coupons at 11 for cash.

We have received the Paris papers of Thursday.
The Ministers are severely handled in all the Op-
position papers for the bad bargain they made the
previous day in concluding the loan. The National,
after stating the terms on which the loan was nego-
tiated, says—
" The world must be convinced that the Treasury
was reduced to a deplorable condition when the Mi-
nister accepted such terms. Of two facts we must
take one—either it was impossible to have obtained
better terms, the adjudication being in accordance
with our financial condition of the country (and in
in that case nothing can excuse the Government
which has reduced the nation to such a condition),
or the loan has been contracted with Baron de Roths-
child by an inexcusable act of weakness or culpable
complaisance under its real value."

It then proceeds as follows to expose the juggling
of the Ministers and the financiers :

Tot
calculate ascertain
the the price22d ofef the loan,
November,w 1847,mus
valuet,he
on realof a sum of 75f. 25c. payable by twenty-five unequal
instalments, in conformity with the stipulated con-
ditions of the ordonnance of the 29th October last.
On applying this common rule of payment we
shall find that the integral payment will have been
made in a lapse of ten months and six days,
reckoning from 22d November, 1847 ; and conse •
quently, counting each month at thirty days, ex-
tending to the 28th September, 1848. During this
time the subscribers will receive interest upon money
which they have not paid ; say, for every 75f. 95c., a
sum of 2f. 45c., which brings the real price
of the loan down to 72f. 80c. This is not
all. For every 72f. 80c. received, the State acknow-
ledges itself to be a debtor for 100 f.; therefore, in
addition to the bonus of 21. 45c. above mentioned, it
pays a premium to its subscribers of 27f. 20c.; or, in
other terms, on receiving 250,000,000 f. it acknow-
ledges itself to be indebted to the amount of
343,400,000 and some odd francs. But the eventual
profits of the operation are not confined to this. Be-
tween this time and the end of two years, the period
for the payment of the last instalment, the Three per
Cents. will have reached the price they were worth
twenty-five months back, or, as far as we recollect,
85f. Suppose at that moment the price be 80f. only,
it is clear that the subscribers will gain upon every
72f. 80c. paid up a sum of 7f. 20c. ; or upon the total
of the loan 24,862,0001'. The bankers and their
organs will exclaim against this, and present other
calculations; but the above is the true one. This
will appear clearly to all eyes, if the real fact be not
lost in a labyrinth of fallacious figures. If, instead
of making loans of fictitious capital, they were made
of real capital—if, instead of inscribing an indeter-
minate amount of renter for au unknown capital, the
State were to say, We have need of 250,000,0001. ;
what rate of interest do you require for advancing
it ?' the dealing would he understood by all the world;
the first comer would learn that the State borrowed
money at three, four, five, or six per cent., as it
might be, and there would be no occasion to have
resort to painful efforts to arrive at appreciations
which always fail in precision. But this is exactly
what is not wanted. They prefer confounding the
question by surrounding it with clouds, in order to
claim the right of disputing the calculations of those
who endeavour to throw light into this obscurity..
We have endeavoured to defeat these tactics; but
whatever may be the result of our calculations, it
remains established that at a moment when French
Rentes are being negotiated at more than 77f, the
Government has contracted its loan at 72f. 80c. nll
the morality of the present adjudication lies in com-
paring these two figures. They dispense with the
necessity of our dwelling any longer upon a fact of
which M. Dumon must bear the responsibility."
The Ministers themselves feel that some defence of
their conduct is necessary, and accordingly the
Conservateur of Thursday attempts an anticipatory
reply to the foreseen attacks of the Opposition, which
reply consists solely in the expression of a hope that
the loan may leave profits in all the hands which it
passes through, and that having been contracted at so
low a rate, " we have the certainty of having arrived
at that precise point where there is only an upward
movement to look for."
It is said Admiral DE MACKAU, the late Minister
of Marine, will succeed Count MORTIER as Ambassa-
dor to Turin.

The Three per Cents. closed on the Paris Bourse
on Thursday at 77f. 45c. ; the New Loan, 77f. 35c.;
the Five per Cents., 117 f.; the Orleans Rail-
road Shares, 1,223 f. 75c. ; Rouen, 945 f. ; Havre,
527 f. 50c.; Great Northern, 581 f. 25c.; Avignon,
587 f. 50c. ; Vierzon, 573 f. 75c. ; Bordeaux, 501 f. 25c. ;
Boulogne, 375 f. ; Basle, 180 f.; Paris and Strasburg,
428 f. 75c.; Tours and Nantes, 415 f.; Paris and
Lyons, 420 f. ; Lyons and Avignon, 475 f.; Spanish
Three per Cents., 29.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, NOVILMIIER 12.
Boulogne and Amiens, 14,A—Central of France (Orleans
and Vierzon), 16—Namur and Liege, 4%—Northern of
France, 12%—Orleans and Bordeaux, 51A—Paris and Lyons,
OA —Sambre and Meuse, s—West Flanders 1%.

MONEY and CollillEittlAL
Cl'l Y. (,) 1 'A WIER 7 0 7711:1-;k:

The sales of Cotton at Liverpool yesterday were 4,000
to 5.000 bales, and the market was steady at previous
rates.—Shares were not quite so firm, and prices were
rather lower, with a limited business doing.
The Bank of England returns for last week show an
improved state of affairs at that great establishment, but
we could wish that the liabilities on account of not( s
in circulation had been larger, and that the amount of
securities had been augmented, because this would have
shown liberality towards the mercantile community.
We suspect, however, that notwithstanding its increased
reserves of notes and coin, the Bank will find its profits
diminishing ere long, unless the minimum rate of 8 per
cent. be reduced, for money is becoming easier out of
doors. The following are the main points in the re-
turn :

Notes issued now £22,426,530
Increase
Rest, now
Increase 43,428
Public deposits now 4,991 313
Increase
Other deposits now
, ,
Decrease
Seven day and other bills now 921,673
Decrease 9,662
Government Securities now 10,598,607
Decrease

Other Securities now...
Decrease 489,982
Notes now ....
Increase .
Bullion now 8,729,551
Increase
Active circulation now
Decrease 436,305
A mercantile correspondent, who lives in the suburbs,
addresses us upon the inconsistency of our Post- office
arrangements as follows

" Will any person conceive it probable or possible that
letters can be transmitted through the Post-office to
Exeter (170 miles), and an answer received, sooner than
to and from• Holloway (three miles) ? But such is the
fact. A letter put in at nine o'clock in the morning in
any receiving house in the City, does not reach its desti-
nation, Holloway,' until three o'clock in the afternoon,
six hours. An answer put in before five o'clock at Hol-
loway will not find its way to the City until eight o'clock
the next morning, fifteen hours; and from the writing
the letter to reading the answer, nearly twenty four
hours elapse; whereas a letter to Exeter will travel the
distance in tour and a half hours, and allowing three
hours for writing an answer, this will be received in
London in four and a half hours more, making alto-
gether twelve hours, just half the time it takes to write
and to obtain an answer from Holloway I Credat
Judaus ! some may exclaim, but it is a little if not a
great fact."
" Nor is this a solitary instance. Many other places
in the vicinity of the metropolis are similarly situated."
The agents in town of the Bridport Bank have to-day
intimated that they can no longer pay for that establish-
ment.

A failure is reported at Amsterdam, and rumours are
afloat of stoppages here.
This is a very quiet day in the City, and we have not
heard of any failures, at least of consequence, is the pro
vincial departments.
We have advice) from South Australia to-day some
days later, in point of date, than those previouly obtained.
We have not heard of any information of importance by
this arrival.

Again have the Funds advanced this morning. Con-
sols have reached 85+, but have since receded to 84:I for
the Account. The price for the 25th instant is now 85,
both for Money and Time. Exchequer-bills are at 2
premium, and Bank Stock at 1881.
The only bargain in the Foreign Market was in Rus-
sian at 1061 ; Spanish, Mexican, and the other Bonds
remain much the same as yesterday.
Railway Shares look a fraction better to-day.

BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock 1881,E
3 per Cent. Reduced Annuities 83%3/4 %
3 per Cent. Consols Anns 84% 85% 8434 85
New 314 per Cent. Aims. 85% 84% 85%
India Bonds 1,0001
Ditto under 1.0001
Consols for Account
Exchequer Bills. 3d.
1,000/. ..... 1 dis 2 p
500/.
Small
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Grenada, 1 per Cent. . ......
Ditto Deferred
Mexican Bonds, 1846, 5 per Cent —
Ditto for the Account
Russian Bonds. 1822, 5 per Cent 106%
_ Spanish Bonds, 5 per Cent, 1840
Ditto Passive Bonds
Ditto 3 Der Cent.
Venezuela Bonds
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild 54% 54
Ditto 4 per Cent. Certificates
BUSINESS DONTr. IN RAILWAY SHARES AT ONE O'CLOCK.
RAILWAYS. PAID. Pica SHARE.
Aberdeen -
Amber., Notting., Boston, &c.
Ayrshire and Galloway
Belfast and County Down .. 10
Birmingnam & Oxford Junc... 15 to 18
Birmingham, W 01.,& Dudley 10 ... .
Birming., \Vol., & Stour Val. 8
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stamf, & Birming... 5

Bristol and Eieter . 75

Do., Thirds ...... ... ..... ... 15
Buckinghamshire lO/. 4s 23:i dia. to 3 dis
Caledonian
Ditto, Half Shares
Ditto, Clydesdale Junction 50
Chester and Holyhead... ..... 37% .....
Ditto, Preference 8
Clarence.
Do., Ist Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Dublin and Belfast Junction.. 20
Dundalk and Enniskillen ... 15
East Anglia, 251., L. & E.
aad L. &D.

Ditto, M., E. & H lB ......
Ditto, 31. 108., E. & H... 1
Eastern Counties
Do.Perpet.,s per ct. No. 1,6/. 133. 4d lli dis.... to % dis.
Do., do N 0.2,6/. 13s. 4d... % dis... to
Do., York Extension ...... 10 ...... 8
Do., Northern & Eastern... 50
Do., Quarters .... .. ..... ... 12 % —
D0., New
Eastern Union 5O
Ditto, Quarter Shares ...... 121,¢ —
Ditto., Thirds ...135. 4d — to
Ditto (guar. 6 per cent.) ... ......
East Lancashire
Ditto, New ... .......... .... . 13
Do., New Quarters
East Lincolnshire l2th l 2
Edinburgh and Glasgow 5O 44
Ditto, Half Shares
Ditto, Quarter Shares 121,! —
Edinburgh and Northern ... 20
Ditto, New..... ... ......... ... 21/2 - ..... . to
Ditto, New port.. ... ........ 7
Ditto, ditto, New ••• 114 — ...... to
Edinburgh and Perth 2'
Ditto, Extension ... 105....... ...... to
Exeter, Yeovil, & Dorchester 2% ...... 1
Ditto, New
Glasg., Dumfries, & Carlisle-81. 6s.Bd .. ... to
Glasgow, Kilmarnock, & Ayr 50 ...• t
o
Ditto, New
Do. N Shares (5 per ct.gua.) 12%x.,,., .. ... to
Great Northern ... 8
Do. London & York Exten. 2% —
.... .. to
Gt. South. & West. (Ireland) 35
Great Nofth of England 100 220
Ditto, New 40/ 5
Ditto, New 30/.
Ditto, New 151
Great Western
Ditto, 851%—. . ... to
98 97 96 to 981/.
Half Shares
58
Ditto, Quarter Shares
Ditto, Fifths
Do. New D
Huddersfield and Manchester 22 .. ...
Ditte, Thirds 7
Hull and Selby SO
to
Ditto, Half Shares
Ditto, Quarter Shares ..12%
Ipswich & Bury St. Edmunds 15 -
Do. do. and Norwich
Do., do., Extension Scrip
(late (Camb. and Ely) 2%
Lancaster and Carlisle.... ... 50
Do., Thirds lO ...... 10% to
Lancashire and Yorkshire ... 93 .....
Ditto, ditto
Ditto Half Shares - 38
Ditto Quarters
Ditto Fifths 6% 6% to 6
Ditto Sixteenths ..„....... 614. to
Ditto Thirds (Reg.) ... 101.4 s .. . .... to
Do. Liverpool and Bury... 34
Do. (Rudders. and Shelf.) 33
Do., Wakefield, Pontefract,
and Goole 47% —
Do., West Riding Union ...41. 2s 2% dis. to
Do., Preston and Wyre ... 25
Do., do., Half Shares (A) 9
Ditto ditto ........ ...—(13) 11,4
Leeds and Bradford
Leicester and Bedford
Leeds,Dewsbury, & Manches. 371/ — to
Do., Branch % Shares 12% — to
Ditto, New Branch (blue).. 2% — to
Ditto, Extension (green)... 2% — to
Do., New Exten. (pink)... 21,
Leeds and Thirsk ......••• 36
Ditto, New
Do., do., Prefer., 6 per Cent. 3%. .... ...... to
Liverpool. Crosby„ and South-
port.
Liverpool, Manchester, and
Newcastle Junction. ...... ... 21,4 — to
London & Blackwall...l6/. 13s. 4d....,,. syB to 4%
Ditto New, No. 1..
Ditto New, No. 2 3/. 13s. 4d.... 2% dis. to 2 dis.
Do. Extension
Loud., Bright., & South Coast 50
DoConsolidated Eighths... 30
Do. Guaranteed 5 per Cent. 9 .
Do. Pref. Cony. 5 per Cent. 50 ...... 47
London and Greenwich... 12/.155. 4d...
Ditto Preference lBl 17s 2d... ...... to

to
.••.. to --

London_ St.lisbury, & Veovil 11%....
L(,,,; .itterry and Colt:l...line 2714 —
I..:AoLiderry and Enniskillen 233%. —
London and North Western-100 . 154 ...... ''.o 153
Do. Quarter .....L. and B. 17
Do. do. New ...... .... ...... 2
Do. do. Fifths
Do. Quarters
Do. 40/. Shares.....L. &M. 15
Do. 401. Shares...M. and B. 40
Do. 10/.... M. and B. (A.) 7 1/2. ....
Do. 10/. .. M. and B. (B.) 71/2 ll ...... to
Do. 10/... M. and B. (C.) 1
London and S. Western.... 41/. 628 d 541/2 to 55%
Do. New Consolidated Bths. 40
Ditto New 50L ...... ....... 321/2...... 28
Ditto New 40/. .......- .. -. 26
Do. Tenths (Consolidated) 50
Do. Tenths (Consolidated) 40 -
Ditto, Thirds 61. 13s. 4d... 1% dis. to
Manch. Buxton, & Matlock 3
Manchr, Sheffield, and Linc.100
Ditto 1,4 Shares (No. 1) ... 13
Ditto, ditto (No. 2) 25
Ditto, % Shares (No. 3)... 7%......
Ditto Grimsby
Ditto, ditto.
Ditto, ditto ...
Ditto, Sheffield, and Line. 7%......
51anchesterand Southampton 214 — .. ... to
M idiand 100 lO9
Ditto, Consol. Preference...100
Ditto, 401. Shares
Ditto, 50/. 5hare5........... 10
Midland. Birm., and Derby...100
Midland, Consol. Bristol and
Birmingham 6 per cent.... 100 _llBl/2 117% to 118
Midland, Bristol and Glouc. 34
Ditto ditto 71.95.... ..
Midland, Leices. and Swan-
nington (8 per ct.gua.).... 50 .... .
Miditi. Great Western (Irish) 30
Newcastle and Carlisle
Ditto Quarter Shares
Newmarket and Chesterford 131/...... ......
Ditto Extension
Newport Abergy., and Herd. 4
Norfolk
Ditto New 20/. 5 ...... 11/
Ditto Extension
Do. Scrip, 1847, N. of Norflk 2
Do. do. Waveney Valley... 2
Newry and Enniskillen ...... 7
Newry, Warrenpoint, and
Rostrevor
Northern Counties Union .... 4
North British
Ditto Half Shares. l2lh 1114..... to
Do. Quarters 434 3%
Ditto. Extension ... - to
Ditto Thirds ... .......... ..... 1
North Staffordshire..... 7% 7th% % to
North Wales 3l/2 ....
North Western . 6
Oxford, Worcester, and Wol-
verhampton
Reading, Guildfd., & Reigate 71/2• — ... .. to
Royston and Hitchin
Scottish Central
Scottish Midland ... ........ .... 171/2 ...... to
Ditto, New lO
Sheffield, Rotherham, and
Goole
Shrewsbury and Birmingham 6 ......
Ditto, ditto, Class B. 3
Shrewsbury and Chester
(Nor. W. Min.)
Ditto Halves, Ditto... 8 ...
Ditto, Oswestry
Ditto (New)
Shrewsbury and Hereford ... 2
Shropshire Union ... 4
South Devon ....... ...... ... 40
Ditto, Preference
South Staffordshire
South Eastern and Dover 33% 28% to
Ditto, New, No. 1
Ditto, New, No. 2
Ditto, New, No. 3

Ditto New, No. 4.......... 61% 35/8% to
South Wales
South Yorkshire, Doncaster,
and Goole 2
Swans. and Loughor and Ca-
meron's Stin. Coal ...... .. 4
Chames Haven Dock and
Railway l7l/2 to
Paw Vale Extension
Vale of Neath
Waterford and Kilkenny
Waterford and Limerick..... ..
Waterford, Wexford,Wicklw,
and Dublin
West Cornwall
Nhitehaven and Furness ll -
Windsor, Staines, and South
Western s2s.
Wilts,Somerset,&Weymouth 30 ......
York, Newcastle, and Berwick 25 . 33 321/2 to 331%
Do. Original New & Ber'ck 25 .. 293/4 to 30
Do. North Shields Purchase 25 . .