The Sun.
London, England, 1840-09-23 00:00:00

MOINE k- MARKET and CITY NEWS

(TUESDAY EVENING.)
CHRONICLE.—The confirmation of the rumour
which we noticed yesterday of the refusal of Sancho to
eccept office produced a further decline in Spanish
Bands ; and the demands of the Junta " for securities"
are looked upon as involving fresh matter for disagree-
ment between kern and the Queen Regent. It is be-
lieved that Espartero will continue in his usual straight-
forward course, but under those conflicting elements
the speculators are at a stand-still, and the feeling to-
day, as evinced by the state of the market, is that things
in Spain may be worse before they are better.
A member of the Committee of Spanish Bondhold-
r3. part of whose letter appears in the Chronicle
of to-day, is angry at a supposed violation of a
pledge of secrecy which, it seems, existed between the
members of the Board as to the particulars of Count
Lara's plan. At a period like the present, when
certain distinguished correspondents of some of our
Contemporaries publish secret conventions and trea-
ties so unexpectedly, our correspondent ought not
to hare taken this matter so deeply to heart. In
other respects we have only to observe that it is a
mistaken notion to suppose that a point can ,be gained
by confounding facts with hard words. This gentle-
man aPoumes that a charge was substituted against
Count Lara wishing to extract money from the packets
of the bondholders, and then proceeds most summarily
to destroy the imaginary fabric which he had raised
by declaring it to be " false and unfounded." The
plan of Count Lara may now be numbered among
the thin go that were, and peace be with its ashes.
We war not with the dead, but think it right to say
that we gave the outlines of it in the Chronicle of
Monday, the 2lst instant, just as we had been able to
collect them, and then remarked, not in special refer-
ence to it more than to any other, but as a general
principle in regard to the settlement of the foreign
debt of Spain, that " v e discountmance ail plans based
upon any principle of creating more stock, or extracting
money from the pockets of the bondholders." To that
principle we adhere.

HERALD.—The fruit-growers this year have been
Almost ruined by the high price of the article, it having
been alnaost totally impossible for the principal consump-
tion of their produce to go on without the necessary ad-
junct of sugar. This state of things was foreseen, and
was some time since brought under the notice of Go-
vernment, who found themselves on the horns of a
dilemma. In answer to a petition signed by parties of
all denominations, grocers, importers, and consumers,
the 3 stated, " It is very true that sugar bears a high
price, but we cannot admit the sugar produced in the
H.st Indian independent possessions, although it comes
here as a return for our manufactured goods, without
violating a treaty with Brazil, by which we are bound,
whenever we make any reduction in protecting duties,
to give her the preference ; and if we do reduce the duty
on Brazil sugar, indirect encouragement i 3 given to the
shire trade, which we have recently paid so hand-
somely to put down ; therefore, we can do nothing for
you ;'' and there the matter must rest ; consumers must
pay for ail the blunders. The matter being thus ar-
ranged, attention was naturally drawn, when the price
of the produce of our West Indian colonies became so li
high as to render the payment of the higher rate of
duty expedient (makint-, with the additional five per
cent. put on for the benefit of the penny postage, a
difference of 41s. 3d. per cwt.), to the descriptions most
beenficial for our own consumption, and it was discovered
that Havannah sugar would answer better than any
other. One cargo was allowed to be cleared, and then,
for the first time, it was discovered that this sugar was
refined, and all further clearances were stopped. The
present position is, that with a reduced consumption in
consequence of the increased prices, the stock, even
after all the year's supplies have come in, will be equal
to not more than twelve weeks' consumption, and that
for the want of a little foresight the duty of 665. l Id.
per cwt., or nearly 103. more than was formerly paid
for the article both to the planter and revenue, and
this in addition to the interest on the twenty millions
raised for the sudden emancipation of persons unable
without education to appreciate the value of liberty,
will be drawn from-the pockets, of principaliy the lower
el :saes.

POST.—The intelligence from China published
yesterday in a third edition of the Times has been
treated as a great absurdity, and the excitement in the
tea trade has entirely subsided in the course of the pre-
sent day. It is observed in the City that the same
journal is almost daily falling, into some erroneous an-
nouncements of a similar description ; during the last
two years the Times havirg loaded his columns with al-
most endless and unintelligible stories about the Bank
of the United States— an institution the affairs of which
it is now perceived that our worthy Contemporary does
not in reality understand.

The suspension of business at the' bank of the late 1
Mr. Harnmersley, though not affecting the City to any
extent, is mentioned as a true curiosity in banking
affiirs ; but it is not doubted that the true cause has
been given iu the paper which appears on the door of
the bank.

The subject of Spanish finances continuos to en-
gage attention in the City, and the determination ap-
pears to grow daily more apparent that the English
bondholders will not rest satisfied with the present sys-
tem of imposture, corruption, bribery, and intrigues, by
which a few colossal fortunes are swollen at the expense
of the long-suffering creditors of Spain. Amongst
other new views which have been opened out by our
exposure of the job lease of the Almaden quicksilver
mines is the extensive injury which this monopoly has
inflicted on very numerous branches of Spanish, Eng-
hsb, and South American trade. Following the usual
operations of monopolists, it appears that the lessees of
the Almaden quicksilver mines fur the last four years
have determined upon doubling the value of the
artlele of quicksilver, having it in their power
to command any price by the limitation of
the supplies of a commodity than which non©
is in a more pressing and indispensable de-
mand. The price of quicksilver has in this manner
been raised from 33. 6d. to Gs. per ounce, entirely because
the lessees of the Almaden mines think proper that
such shall be the value of the commodity, and because
it is more profitable to command a high price for a
limited supply, on which a small amount of money has
bt e paid in labour, than to raise abundant supplies and to
silt the commodity at a fair and reasonable rate In con-
sequence of the advance of 100 per cent. in the value of
quicksilver, this great article of consumption has been
doubled in vala.: to the manufacturers of England, where
it is extensively us.;cl—to the gold mines of South Ame-
rica. where every ingenuity has been exercised in vain
to discover some substitute for its use—and to the whole
world, in a dou:,le price of ail the medicinal preparations
of mercury, which alone can be bought from the les]
sees of the Almaden mines. Besides all these
unjust levies of profits by the lessees of these
mines, it appears from the work of a recent
very intelligent traveller that these mines being
worked in so limited a manner has caused a great deal
of discontent and distress in the neighbourhood of the
Almaden mines, where the labourers reason upon the
injustice of the case to foreign capitalists, and complain
that a letter from London can order no more quick-
silver to be raised for months, thus throwing a whole
population out of work. Viewing this lease of the
Almaden' mines in all its results, as diminishing by
half a million per annum the revenues of Spain, levying
probably another half a million per annum upon the
world in the advanced value of quicksilver, and as dis-
tressing a part of the population of Spain, by forcibly
preventing the quicksilver mines from being worked to
in
fluence
of fair extent, it becomes apparent how fir the
of these monopolies extend, and how vain are the hopes
of the creditors of a country the best of the public
properties of which are monopolised in the manner of
these Almaden mines.

TIMES.—Much further attention has been directed
to-day to the stoppage of HarnmersleY 's bank, and it is
not going too far to say that there are many persons
who are not satisfied with the cause assigned for that
stoppage. Considering the very serious consequences
involved in the mere suspension of business by a bank
mofigtbbtis
surely have
b
they remark that some expedient
een hit upon, supposing the re-
sources of this bank to be
as extensive as they gene-
rally were conceived to
be
daily current engagements o,f t
obr at least meeting the
e house. The answer
made to-day to applications for payments of various
kinds was, that no information
could be given respect-
jog the covse to be taken until after Monday next,
being a psisitive delay of a whole
week, is a matter
which to most of the customers of the house must
papreea not that the connex-
ions be of immediate necessity. It
,
ions of this house in the City
that the deposits they held were chiefly numerous but
fiytahos of the
nobility and great landed proprietors, an
other engagements, for the most part, were
that their
withcreditsthe
coetinontal houses, upon whom they furnished
for the use of travellers and resident absentees. There
has been consequently no great inconvenience felt in
the city at this event, though the utmost anxiety is ex_
pressed, seeing what consequences may react upon
the city from t'ie continent, by the return of bills or
otherwise, to harp the coarse intended to be pursued
.by the executors or whatever persons arc bow to be
taken as the representatives of the house. It is not re-
collected that any case exaely parallel to this has ever
occurred before, and it is conceived that the circum-
stave of the whale concern being dependent en the life
of a single individual must have been quite unknown to
the customers generally.

.11N.—.This afternoon tho Foreign Exchanges were
heavy, the rates coming over rather against vs from
all the principal continental cities. This state of things
has also an unfavourable influence on the funds. The
rates at which bills were
12 2 tb Inegociated were these—Paris
25f. iac. to 37i0 to 11, Antwerp
i, Harnburgh 13 to 71. and Frankfurt 148 i.
The banking firm of to 74,
the only surviving
partner in which, died soddew
having suspended business y a day or two since,
coacketßlOssaotioritpto some arrange-
ment as to thD future
the son being a

minor, it is feared that much inconvenience will be ex-'
perienced by various members of the English gentry,
travelling abroad, and depending for their temporary
supplies of cash on their circular drafts with which
they had provided themselves from this bank, where
such large amounts were drawn in the course of the
year. We need hardly observe, however, that not the
slightest danger exists as to their ultimate liquidation.
Consols for money declined to-day from 88/ to 888
to i ; for time, from 88i to Bi%, 3-, the market closing
heavily. Exchequer Bills brought 6 to 8 premium,
India Stock was dull at 246, and the New Three-and-
a-Half per Cents. dropped to 978 to -i.
The Foreign Market was dull, with the excep,ion of
Spanish Bonds,in which there was rather a large business
done, at a decline from 23 to 22k to il- Portuguese
New Five per Cents. receded from 328 to 324 to 1 ;
and the Three per Cents. from 22 to 214 to i ; Co-
lombian Stock was heavy at 23 to 224 ; Belgian Five
per Cents. were rather firm at 99 ; and Dutch Two-
, and-a-Half per Cents. did not go below 558.
I Shares were dealt in to some extent, and realized on
the average good prices. Some of the lines, indeed,
we:e rather lower, but, on the other hand, an advance
oc.airred in one or two of the favourites. The nearest
pfees obtained this afternoon, were Great Western 22 ;
New 81 , Gosport Junction 3 ; South Western 148 ;
Birmingham 80 ; and Quarter ditto 22i premium.
Brighton were 101: Blackwell 3 ; Eastern Counties
12 ; North Midland 14/ ; and Midland Counties 17
di3count. Union Bank of Australia Shares were marked
61 premium. The market closed with less firmness
and buoyancy than it exhibited early in the day.
The tollowing is the official return of the exports of
bullion from the port of London in the week, ending
1 Thursday last :

Gold Coin to the Mauritius l,OOO oz.
Silver ditto to Rotterdam
Ditto ditto to Hambro' lO.OOO oz.
Ditto Bars to Rotterdam 5,000 oz.

GLASGOW COLLEGE.

DR. CHALMERS.

We had the exclusive honour—if such it may be
called—of announcing last Saturday, " that Dr. Chal-
mers was a Candidate for the Chair of Divinity, now
vacant in the University of Glasgow."
Tile announcement was scouted by some of our
eiteemed Contemporaries. They said it was " a mere
invention of the enemy;" that there was ■e foundation
whatever for it ; and that the illustrious Doctor would
live and die in the bosom of Modern Athens.

Forth comes the Guardian of Tuesday, the oracle of
our Reverend Friends John, James, and Robert, now
tolerably well known in this locality, and lo ! our state-
ment is confirmed. Dr. Chalmers is. a Candidate for
the vacant Chair of Divinity in our University, and they
are " infidels" who don't believe now in the announce-
ment !

And a singular announcement it surely is. Poor Dr.
Chalmers ! Who would have thought, sonic twelve
years ego, that he would have deserted this city of
Gotham for the sake, inter alia, " ry` the wee (Anglice,
small bit of a little endowment,) bi: endoomentie," (these
were his own words,) in Modern Athens. Yet, after
securing that, " the mark," we were told, of his " high
ca!line in the East, off he comes (is it in the true " Non-
Intrusion" style ?) to secure the lager bit of endoo-
mentie which he fancies has now opened up for him in the
West.

" May my right hand forget its cunning—may my
tongue cleave to the roof of my mouth, if I forget thee,
0 Jerusalem, my chiefcst joy." That was the text :
these were the very words selected by Dr. Chalmers
himself, when he delivered his Farewell sermon from
St. John's pulpit in Glasgow, which sermon we had the
felicity of hearing from his own lips. Charmed as we
then were with the powers of his eloquence, little did
we think, from the " parting tears then shed, that any
" Endoomentie in Glasgow College—far less these
temporal things, the loaves and fishes—would ulti-
mately become " his chiefest joy," and tempt him back
again.

But the Doctor remembers his text. See how it
comes home to him, after all. He first left Kilmeny,
in the East neuk of Fife, to come to Glasgow, for the
sake (who doubts it ?) of the additional " wee bit en-
doomentie." He next left the old Tron in the Tron-
gate, for the sake (who doubts it ?) of the new and
more enlarged tabernacle of St. John's in the Gallow-
gate. Getting there, he itched (who doubts it ?) to be-
come a Prqfessor in St. Andrew's. Well, he obtained
St. Andrew's, there to enjoy (as was supposed) his °awn
cunt dignitate. But that would not do. The Doctor
must have a larger sphere, a loftier influence, and con-
sequently a larger stipend for his " labours of love."
And so, such was the charm of his name—or as old
blind Alick, the defunct Glasgow fiddler, used to sing on
the public streets—
" Of all our ministers there are not any
Like Thcmai Chalmers from Kilmeny."
And so (we repeat) the Doctor "in due course," was
" transposed" from St. Andrew's to Edinburgh. He
throve there, i. e. in the latter place, as we were all
told, " amazingly well." The divinity students were
perfectly enchanted with him (vide Guardian). They
gave him soirees, or they had, soirees in honour of him,
once, twice, and again—long before curtain " vaga-
bonds" caricatured him per the Reel o' Bogie ; and
the champions of the Church, the real orthodox men
and true, made him Moderator or Governor of the
Church ; but in return for all this civility, alas! shall
we say it, the Doctor has
Jumped Jim Crow
For he has

Wheeled about,
And turned about,

And now absolutely wishes to desert " Modern Athens,"
and to nestle near his old habitation in the Gallowgate
of Glasgow, not to " excavate the heathen," which
we were lately told was the Doctor's sole aim, but to
fleece the students "on a larger scale," to the tune of
some hundreds of pounds sterling per annum-0
extra for his own pocket. In plain words, the "
in Glasgow (sweet clerical word) is better than the
living in Edinburgh. That is the real secret of this
move—setting the Non-Intrusion question altogether
aside.

We admit (seriously) that we have a high and un-
feigned respect for all the great and varied talents of
this most eminent Divine. But he is now getting, we
suspect, into •' the scar and yellow leaf ;" and yet
he has dexterity enough to observe his own famous re-
cipe, which he was wont to communicate with great glee
to others, viz., "Mind the butter—Be sure to mind the
butter."

With these rough and rude, or as some may think,
most impious and shocking bad observations, we part
hoc state with Dr. Chalmers, who, although he has been
ingratiating himself this week by his statistical details,
&c., with the Members of the British Association, con-
vened in this city, can never, we suspect, be Profess();
of Divinity in this University. The Reel of Bogie has
almost finished him !—Seotelz Reformers' Gazette.

TRIAL OF MADAME LAFFARGE.

SEPT. 18.—This day's proceedings, owing to a delay
of the estafctte, allows us to give no more than the fol-
lowing short summary :
M. Paillet concluded his address to-day.
The Advocate-General delivered his reply, in the
course of which he introduced the question of the rob-
bery of the diamonds.

M. Bac then requested that the hearing might be
adjourned till Saturday, to deliver his address, as he was
not prepared on :the question of the robbery, not
expecting that it would be brought forward.
A juryman supported this application, and the Court
assenting, the proceedings were postponed till Saturday
morning, at seven o'clock.

The Phalange gives the folio ring anecdote of M. Laf-
farge, for the truth of which it vouches :—" When he
contemplated a second marriage, with a view to better
his fortune, a poor peasant girl of his country became
suddenly rich, from a legacy of 500,000 f. left her by an
uncle. M. Laffarge made overtures to her, engaged
her father in his favour, and used every means to induce
the young woman to accept him. She, however, was
repugnant to the match, pleaded her youth, being only
15, and entreated her father to place her at a school in
a neighbouring town, and there she was sent. As Laf-
farge continued his pursuit, she removed to Orleans,
and afterwards with some money which her uncle's (x:-
eutor had given her, fled with her servant, who was
an elderly woman, to Paris. The persevering suitor,
rather than lose the chance of the dower, followed the
damsel to the capital, and, as the friend of her father,
lodged a complaint against the duenna for running away
with a minor. The Commissary of Police presented
himself ; but the heiress remained unshaken, explained
to him and the examining magistrate the motives of her
conduct and the object of her persecutor, from whose
importunities she was for ever released. The young
peasant girl is now the happy wife of a man of honour
and distinction."

A despatch from Tulle, which reached Paris late on
Monday afternoon, announced, that the jury having
brought in a verdict of guilty,
with extenuating circum-
stances against Madame Laffarge, she was sentenced to
hard labour fur life.

TUE INDII'TP. ----
Was l'f ing in the E lndiae" gave an :,ceotitit. when she
which we some
EastTrots'Am-srl I P.--Tlii,_; vcssci, of
..., w or Sir J.
at Gla-,,0 f
cffercd for sale, and it tva Res?.
pu chased forth° Indian ti.ascli'
East India Steam Navirvaiioen, byway
performed an experimental trip Company,f
river, nearly to the Nore, and bacrkorn
her power and her tractability. ' siagain'
thousand tons burden, a remarkatel
having excellent accJmmodaiions fory
and capacious stowage for rroods.
Doi.,ks at B'admi2ll, tva ba:lt
buhz,equently :be has been
supposed sill would have been
of the Cape, by the
Yesterday she
BlAckwall down the
in order to show
is of upwards%of a
results of her trip
clean built craft,
Thepassengers to India,
gentlemen connecte with the East
were understood to be satisfactory. The Company. on board
isim'aavni)g.ation Company, several cfficer
lenodnisaistsetdeamof
the
Indian Army and Marine, and several scientific gentlemen.
The The party wore hospitably entertained, and, notwithsrane:ll:
tog the very unfavourable state of the weather, contrived
to amuse themselves during the trip,

M. THIERS'S POLICY.