The Sun.
London, England, 1840-12-18 00:00:00

EVENING EDIT ON.

MONEY MARKET and CIT. y NEWS

(THURSDAY EVEN.:Ne.,.)
CHRONCLE.—There is every rear,on for believing
that the storpf a war bP:.vreea Mexico and Texas is al-
most pure invention. The speech of. the Texian Presi-
dent is now publis,'.o3a, in which he says, that in conse-
quence of its I.oiiing been confidently asserted in the papers
cf the U,.tted States, and as craifidently believed there.
that 'tgei Mexican Government had made a contract in Eu-
:Amt. for several vessels of war, and actually made a con-
"tract for the purchase of a steam-vessel of war, with the
view of making a descent upon Texas, he had considered
it his duty to keep the navy at sea, but was cor.strained
by a sense of justice from making captures of Mexican
property while their accredited agent was engaged
in Mexico negotiating for peace with that Govern-
ment. When, then, the Texian Envoy in Mexico
has explained to his Government that the reports of Mexi-
can vessels of war having been purchased to attack Texas
are entirely false (which we have no doubt they are), the
presumption is that peace will be secured between the two
republics. When it is known also that the inde:;endence
of Texas bas been acknowledged by Great Britain, it is not
likely that Mexico would persevere in any plan of hostilities
stvaiost the independence of that State. The Tertian
President was not aware, at the date of his niesaage, that
General Hamilton had effected a commercial treaty with
this country, and attributes the difficulties which he had
encountered in raising a loan to the refusal cf our Go-
vernment, and that of Holland, to recognise the existence
of Texas.

TIM E S.—Private letters have been reedit,. d from
Moat.: Video, dated October 12 and 13. By those of the
first date it appears that Admiral Maekau left Monte Vi-
dro on the 11th for the blockade squadron off Buenos
Ayres, as it was SUppOged, to treat with Rosas for the set-
ttentent of this long-pending question. The Gazette of
the 13th contains an account of the defeat of Lopi z and
Oribe's force by Lavalle, the inking of the capital of Santa
Fe, and the capture of several pieces of artillery and som.
stores. Lavalle has made prisoners of many of the Monte
Videan officers attached to Oribe. Business was at a stand
still, hides scarce and dear, and vessels were getting very
high freights for produce ready to ship. The exchange was
421.
The nuisance inflicted by the undertakers of German lot-
teries through the Post-office, its sending details of them to
parties who are thereby subjected to the payment of postage,
seem, to be very tench on the increase, and complaints of
the itaction are heard on all sides. One of these from
Frankfort, and charged with ls-. 4,1. for postage, has been
sent by a correspondent, who was informed at our own Pest-
office that the practice was becoming extremely general,
but did not suggest any remedy or return the postage;
indeed, it seemed rather to be regarded there as a goad
thing, in Producing an increase of revenue, which would
not otherwise have accrued. Some difficulty may perhaps
exist rs to any remedy for such an annoyance. The most
effectual one would be to return the letters, and subject
the panics to postage in their turn ; hut they are most
likely prepared for that, and, as there is no reciprocity with
German postage, it would impose a further tax on the ie-
ceiver. We should think the Post-office could hardly
object in such cases to return the postage, as clearly an
imposition on the parties. If the offenders were not be-
yond the reach of Ea 1i,.11 law, the act might be treated as
an illegal one, as a form of advertisement for a foreign
lottery ; hut at all events !t would be of public utility if any
one could suggest the means of putting an end to such a
nuisance.

HERALD.—Private letter; from Santiago do Chile, I
received yesterday, with the papers extracted from, state
as a positive fact that all the negotiations between Colonel
Walpole the British Consul-General, Mr. Caldcleugh aa
agent for the bondholders, and the Chileno Government
were broken oFf in respect of arrears of interest on the
debt. The Finaace Minister required that the arrears to
be consolidated should bear no interest for ten years. It
is toad. rstood the Committee of the bondholders have
received despatches to the effect which it may be ex-
pected will be made public in due course. From the
tenour of the present communications it will be seen
that too much and indiscriminate liberality of praise
was lavished upon the Chileno officials on occasion of
the late resumption of the payment of dividends to the
bondholders on the stock of the loan as originally created.
What share that zealous functionary Senor Rosales may
have had in contributing to this dishonest conduct of his
Government by his advice and communications does not
appear, and is best known to himself. So far as the bond-
holdeis may be entitled from past experience to hazard a
judgment they would certainly be justified in inferring that
ha had displayed very much greater regard for the con-
temptible money interests than for the honour and reputa-
tion of his country. It would now seem quite clear that
in consenting so tardily to resume the payment of divi-
dends on the bonds, on the refusal of the former pro-
positions for half interest on the bonds and half
interest on the capitalised dividends in arrear, the
Chileno Government were planning a despicable
species of chicane for fraudulently consummating
by a less direct process that robbery upon the creditors
originaly contemplated, but, being foiled in, apparently
abandoned. For it will be remembered that the first pro-
position submitted by Senor Rosales on behalf of that Go-
vernment in 1837 was the payment of 3 per cent., that is,
103. in the pound, as interest on the debt alone. His
next offer in 1839 was 3 per cent: interest on the debt
with 3 per cent. interest on the arrears of dividends capita-
lised at 78/. It will be seen therefore that the fraud con-
sists in just giving no more, or but little more now, than
was offered and rejected in 1839. For 6 per cent. now
on the debt, and no interest whatever to be allowed on
the arrears, is but a shade beyond the terms of 3 per cent.
on the debt and 3 per cent. on 781. of arrears before
spurned.

SUN.—To-day there has been a soarcity of money in
the Stock Exchange, but this was not such as to lead to
any pressure. It was as usual, the talk in some quar-
ters, that the Bank Directors, in order to check the in-
fluence of the many loans on the tapis, and to arrest the
fall in the Foreign Exchanges, are about to impose some
further restriction on the Money Market, but it is need-
less to observe that this would be quite a contradiction
to the recent measures of the Directors for alleviating
the condition of our mercantile interests by an extension
of accommodation, and that if such a course of policy
were resolved upon at such a time of year, it would be a
ruinous addition to the difficulties of the master manu-
facturers, and a sad increase to the distress of those in
their employ. It is our impression, that for the present,
at least, the Directors will not interfere any further than
by a judicious exercise of caution in their issues, in the
affAirs of the Money Market, before the re-openin4 of
the Transfer Books, unless, indeed, some extraordinary
occasion demands prompt measures not only for their
own protection, but also for that of the industrious com-
munity at !age, among whom, of course, we do not in-
clude the mere capitalist, who profits too frequently by
the ‘ hardness of the tittes."_

The quiet manner in which the ceremonies attendant
upon the deposit of lirapoleon's remains at Paris ap-
pearea to have passed off, has eased the 'ears excited in
some quarters, icf,t occasion tv,ight have been take to
excite an emeute, and Consols ndlied a shade in conse-
quecce, being at 88,-1 to 89 for the opening. Bank
Stock remained at 137 to IL6 A. ; Exchequer Bills did
not. alternate more than from Is. premium to la. dis-
count, and India Bands were at 12. i. to 14s. discount.
The - Reduced Three-and-a-Haif per Cents. reaVzA
97i to 97.
In Shares and Foreign Stocks there was only a small
busiaest done to-day, but the quotations averaged quite
as 14,11 as yesterday, and in many cases, especially as
refords stocks, they were a trifle better. The Active
Spmish Bands realised 23 to if, the Portuguese New
Five per Cents. 32-i to 33, the Three per Cents. 21 to
.1, Colombian Six per Cents. 24*. Mexican 28, and
(Milian 55; Dutch Five per Cents. were 9Si to 97k.
Loudon and Brighton Shares closed at Eq-, Blae.kwall
at 51, and South Eastern at 16 discount, Great
Western were 9.31- premium.

MORTALITY in the METAOPOLIS.

The following are the results of " A Table of Mortality
in the Metropolis, showing the Nun her of D,,Lths from
all Cause* Registered, in the week ending Saturday, the
sth December, 1840." The Table is issued bum the Office
of the Registrar-General:—

Weekly
Average

Total.

1 Z±3B: