The Sun.
London, England, 1841-07-29 00:00:00

gVENiNG SUN.

conjured up to alarm the country by the eikr*is.lof 2. (lc
feted faction. h -
POST.—We cannot too strongly rep4hate
'ntss, the folly, and the effrontery ofttnaiPutOi
Radicals who go about proclaiming thtketli7OtSii-Asijit
the poor is to be attributed to the non-
policy, and that, whatever continuance ok.# to
there may be, must be laid to the account bf*fhose• Who
have opposed, and continue to oppose, that policy. This
sympathy with the condition of the poor is something
new on the part of the Whig-Radical faction. We do
not recollect to "hive heard much about it during the
ten years that they were in power. We do not remem-
ber any act of theirs as Ministers or Legislators which
indicated that they were in the least conscious of hard-
ships suffered by the poor which it was in the power of
Statesmen to alleviate. Strange that, just at the
moment when their power is gone, they should dis-
'cover -that -the relief --of -the distresses of the poor is
very possible if Whig-Radicals were but allowed to
carry into effect the- new political projects which they
have conceived ! Is any one so stupid as to believe in
the soundness of their new policy, or in the sine?rity of
their aspirations for bettering the condition of the la-
bouring poor ? We believe scarcely one beyond the
pale of their own faction. The workinf, men of Great
Britain are not so easily cajoled after they have had their
experience. The Whig-Radicals say than their lately
proposed policy would relieve the distresses of the work-
ing people, and that they who oppose this policy are,
and will be, responsible for the people's distress. But
let us ask who were, up to the present time, the opponents
of this very policy ? Who was it that, even last year, op-
posed the lowering of the duties on foreign sugar, and said
that any attempt on the part of Government to overthrow
the existing Corn-laws would only produce agitation and
confusion without any ultimate benefit ? Why, it
was the leaders of these Whig- Radicals who did so. The
very same men who now propose foreign sugar, and
foreign corn, as an absolute panacea for the distresses
of the poor, and who heap virulent abuse upon all who
doubt its efficacy, were themselves no further off than
last year the opponents of any such policy. Was there
never any distress of the poor until now ? or how does it
happen that Conservatives ought to be pointed out by
Whig-Radicals to popular execration for opposing this
policy which last year was opposed by the Whig:Radi-
cals themselves ? The fraud in this matter is as palpa-
ble as the violence. The sympathy now professed for
the poor by the Whig-Radicals, is nothing better than a
pretence and an affectation.

MONEY MARKET and CITY NEWS.

FROM TAR MORNING PAPERS Or THIS DAT.
TIMES.—The great feature in the money market at
New York was the acknowledged inability of _Jr. Noble,
the Indiana Commissioner, to provide funds for the pay-
ment of the July dividends on Indiana Stocks, and, to
meet the emergency of the moment, it was stated that
he was about to issue 7 per cent. bonds to those who
might be willing to accept them in lieu of cash for the
coupons. There still seemed to be no want of money for
discount and exchange purposes, and,. notwithstanding,
it appears that there is not sufficient business to consume
the floating capital, there were nevertheless feW invest-
ments made-in Stocks. Since last advices, the prices ;of
the various descriptions have not been much acted on ;
they, however, look fiat. United States Bank Shares
are quoted 18; ; North American Trust, 78 ; Delaware
and Hudson, 104 ; Haarlem, 251 to 1 ; Mohawk, 68 ; and
Boston and Providence, 31,i to 32.
In the New York papers we find the details of the ex-
port of domestic goods from the United States for the
years 1837, 1838, 1839, and 1840, during which period
there appears to have been a great and progressive in-
crease, their total value for the last year being
$113,895,636, while in 1837 it was but $5,564,414,
The greatest increase has been under the heads of ve-
getables and tobacco, in which alone the increase has
been $13,000,000 since 1837. For the later period it
may not be inappropriate to give the .details ; the pro-
ducts of the sea are valued at $3,198,379 ; products of
the forest, at $5,321,085 ; animals, at $3,206,034 ; ve-
getable food, at $15,587,657 ; tobacco, at $9,883,957 ;
cotton, at $63,870,307 ; other products, at $177,784 ;
manufactures, at $6,425,727 ; and not enumerated, at
$1,143,801. The general improvement exhibited in this
summary is mainly ascribed to the steadiness of business
at moderate rates.
POST.—We learn upon authority which may, we
believe, be fully depended on, that the funds necessary
for the liquidation of the Chilian dividend falling due in
September next, at the rate of six per cent. per annum,
are already in the hands of the party in Europe, charged
with their appropriation. Apart from the adjustment of
the overdue interest up to 1840, the Chilian Government
are now fulfilling their engagements with, the bond-
holders to the strict letter of the original: contract ; a
circumstance. that should operate as an example. or sti-
mulus to the older and prouder nations, who are under
such heavy liabilities to their foreign creditors.
We understand also that, by the next packet, replias
from the Government of Buenos Ayres to .the lettv...rs of
General Morino, relative to the claims of . the 'English
bondholders may be expected. The carrinierce of the
republic is represented to us as being vastly Upon the in-
crease. With this increase of commercial activity, an
increase of revenue must follow as a matter of cer-
tainty. It mr y_Ee mentioned further, thatilt recently..
executed treaty; called the " Maekau Treaty,' which it
has been attempted to set aside, has received tli, un-
qualified approbation of the whole Court of thr,, Tuile-
ries, the explanations afforded upon the subje.:,/:- by. Senor
Moreno having given his - Majesty Late-Philippe, as
well as M. Guizot and his colleagy.'4e, theefiillest satis-
faction. The treat-,' under tbt eirctira4thiree, may
be considered, notiVithstanditig tie rumours to the con-
trary, as definitive, and one that will be strictly adhered
to in all its provisions by both countries parties to the
arrangement.
From Panama a further sum has come to hand on
account of the payment of dividends on the New Gra-
nada portion orthe debt of Co'ombia. The amount re-
mitteu in the present instance (2,500 dollars) is but
trifling ; and the disturbed condition of the Republic
may, for the moment, prevent any considerable augmen-
tation. It is to be borne in mind, however, that there is
-a sum of 300,000 dollars which has been for some time
deposited in the Bank of England, subject to the orders
of Senor Mosquera, the Minister from New Gra-
nada, for distribution among the bondholders. Num-
bers of these persons, after being kept out of their
dividends so many years, would be greatly re-
lieved by the payment of an instalment, were it ever
so small, as in the case of the sister State of Vene-
zuela, which has already paid two dividends upon the re-
duced scale. M. Mosquera should consider this, for, if
the money is to be thus withheld from year to year, it
might as well never have been remitted at all, and better
in fact, for it is cruel that the sufferers should be tanta-
lised with the knowledge that it is here, yet retained
within the grasp of a Minister without any intelligible
motive.
The bondholders in addressing us on this subject, seem
to think that the Spanish American committee might
with great propriety, and without risking any charge of
a want of courtesy, renew their exertions in behalf of
their constituents, in order to procure for them a 'some-
thing, at the earliest possible period, out of the fund re-
ferred to. Chili and Venezuela might, no doubt, with
equal justice leave the moneys transmitted for the use of
their European creditors undisposed of.
SUN.—The symptoms of improvement in the Foreign
Exchanges, though certainly not yet - decided, have
caused satisfaction, and the fine weather has had another
good effect, viz., that of checking any further advance
in the price of grain. It is indeed high time, as our
manufacturing population are reduced to such a state of
poverty from want of employment, that they can ill
afford to pay advanced prices for the necessaries of life.
There was rather a wide range in the value of Stocks
to-day, in consequence of the increased extent of busi-
ness doing, and in some of the funded Securities there
were sales effected that led to a gradual decline di to 1
per cent. The market, though apparently unsettled,
rallied slightly before the close of business. It had, in
perhaps gone teo high within the last few days to,
enable some parties to resist the temptation of selling'
For immediate transfer Consols have realised 90* to 89,10:
closing at 891, and for the Account they were at 901 u
to 90
At the highest prices of the day thei only
bar-
gain was immediately after the opening of
the market.
the
;rket.
Exchequer Bills were worthl7s. to 19s. premium .
Reduced Three-and-a-Half per Cents.
to 9
ga:181 9; 9- i
and hh ;
tt e
New Three-and-a-Half per Cents. 99 e
•
there was very little doing
In the Forei,,n StocksA
and East India Stock at 248.
Three per Cent. 904- to 901. Bank Stock was at 170 ;
at 304 to i ; the Three per
Por-
tuguese New Fire per, C
at 9543 T ; Colombian at 19a ;
Cents. at 18i ; Mexican . 8
again to-day. Spanish
,ecnttiss.-e Bonds at 20 to 19i ;
Cents. 102 to *.
and Dutch Fire per.
Shares
.d
transactions in the Railway were spread
over that is to sa , there were a few bar-
gainsand Brazilian at 671 ,• Austrian Old Bonds were 1081 ;
over some extent, . . ,
l b • mess
yesterday Great, Westerns were done at 19 to 19i ;.
yeste
in most of the principal lines, but no arge business
in one oBflt 1: etnhi
the
singly.li Fifths at
atls'llietoesiw;eraenndotthesdygo
wrkdana:
inheaNnYe'
the
a Midland 25 premium. The Brighton were 7to
dlalacikidwa3ll4:i9,l; ;andthethEeasiutearnnehCeosuin:easnld. fLe!iles
20i discount. London and Westminster Bank Shares
were 21 premium.
North rr; North
h the
M Bi

BADEN, JULY 18.—The sentence on Spontini
has been pronounced, and condemns him to six months'
imprisonment with hard labour ; but it has been remit-
ted by the King, who granted him leave to travel for
several mouths. It was to be foreseen that the King
would act in this manner ; for though the Tribunal, ac-
cording to the law, could not do otherwise than condenut
Spontini, there can be no doubt that be had no intend=
of deviating. from the respect which he owes to his Kinre
but was misled by a certain want of tact to his 14.4
known public declarations. We hear that Count Von
Itedem, the superior attendant of the royal theatre,
means to make no change, during the nine months' ab-
sence of M. Spontini, in the performers and the organi-
sation of our German opera ; this is certainly not a very
agreeable prospect for the frequenters of the theatre, for
our opera has not been in so deplorable a state as it now
is, at any time during the last 2.5 years.
Some time since at the assizes in Wales a man,
was put on his trial charged with felony, and wheal
called upon to plead, pleaded guilty. The usual
questions having been put to the Jury by the officer
of the Court, " what say you, is the prisoner
guilty or not ?" The Foreman having consulted his
brother jurors, to the astonishment of the Jpetge, pro_
Lordship how they could come to such a decision after
nounced a verdict of Not guilty. On being Askecl by hii
the prisoner's pleading guilty, the foreman answered
" that the Jury had known the prisoner from childhood,
and knew him to be the greatest liar in the parish."
oapeaitoneudn
by
yoyal the Corrine,
of
ARCHERY.—On Saturday last the }loyal Couss
e-she in ."
it the
was Ilpany of Archers, the Queen's Body Guard for Scotland,
morationshot i p
n Hope Parkriz, when
ljalliousie