The Sun.
London, England, 1840-01-11 00:00:00

EVENING 141D11110TQ.

SPANISH STOCK-JOBBING.

"MADRID, JAN. t2.—The question of M. Ai
necounts is still the order of the flay. P

Alinisters had declared that these accounts sl

submitted to the Cortes before the Governor

a discharge. This solemn promise has been b
the Minister of Finance, and the accounts of

douin have been passed and approved, on th
tion that all the stock and bonds and value in tl

of Messrs. Ardouin and Ricardo should be given up,
" No doubt is entertained of an affair having been
concluded which loads Spain with a debt not properly
hers. Messrs. Ardouin have undertaken to pay into
the hands of the Spanish army contractors, who have en-
gaged to supply the army for the first six months of
1840, all the sums or paper which were given to them
in guarantee, besides those of the 200,000,000 of rea!s
of Five per Cents, lately created, and 40,000,000 an-
ticipa! ed on the contributions' of 18-10.

" Such is the arrangem nt, secretly concluded, into
wlicfi the Cortes cannot fail to inquire. The origin of
the bonds deposited in the hands of Messrs. Ardouiu
and Ricardo, and at present in London, is not fully
known ; and when it is known, is little calculated to
please Spanish fundholders. On the 18th of July, 1823,
when the French army invested Cadiz, the Constitutional
Government contracted a loan with Messrs. Lubbock
and Campbell of 22 millions of piastres, at 5 francs
40 centimes the piastre. The events of the war pre-
vented the negotiation of this loan, except a very
small portion of it—only 729,000 piastres. There re-
mained the difference between these 729,000 piastres
and the 22,000,000 authorised. This difference ought
to have been cancelled ; but Count Toreno, the Finance
Minister, authorised Messrs. Ardouin and Ricardo to
prepare bonds for converting the whole of the 22,000,000
—being 14,666,666 piastres Active, 7,333,333 piastres
Passive, and 12,650,000 piastres Deferred.
" Moreover, in the conversion of 1834 all the
holders did not come forward, for different reasons ; and
from this cause there remained in M. Ardouin's bands
5,276,886 piast. Active, 2,638,193 piast. Passive, and
3,898,659 piast. Deferred. These two masses of value
were` of course much diminished of late years ; but thcre
still remained in M. Ardouin's hands 800,0001. Active,
3,600,0001. Deferred, and 2,000,0001. Pas.rzive, to be
handed over to the contractors as the price of the dis-
charge affixed to M. Ardouin's accounts."

SECOND EDITION.

THE FUN OS.-(CLOSING PRICES.)

BRITISH FUNDS:
Bank Stock
3 per Cent. Red 91,, Ditto Bonds
3 per Cent Ccais 9,171, Ditto Old Annuities •,_
3% per Cent. Red 9IN Ditto New Annuities
.... y New 31* per Cent 9b% Ex. Bills, 1,000/ 21 a9 dis.
New 5 tier Cent. — Ditto 500/...... '
9 Long Annuities to expire Ditto 5004 dis.
Jan. 180
Bank Stock for 0
Oct. 1859
95414
N FUNDS
Jan 1860 ...... ........ ...
FOREICI . Consols for Opg
»... 2./.2*
Austrian, 5 per cent 108 !Portuguese Bonds, sper cent,
Belgian, 5 per cent — !Ditto, N'est, Ditto
Brazilian Bonds - Pru:lf,ian, 5 per cent —
Buenos Ayres, 6 j per cent — !RUSsiam Bonds, 5 per cent....
Chilian, 6 per cent — Ditto, Metallic —
Colotniban, 6 per cent 22% Spanish, 5 per cent. 243i
Ditto, 182
Danish, 3 per cent — tErench, 5 per cent.
Greek Bonds, 1825, 5 per ct — !Exchange ..................... —f.. —c
—c
Mexican, 5 per cent — !French, 3 per cent. ......... ---l. —c.
Ditto, I: I;er cent., 1825 — !Dutch, 2% per cent.....„ ...... m y
Peruvian, 1825,6 per cent — !Ditto, 5 per cent. ............... PrA4
SHARES.
Birmingham and Derby Railway Orj
Cheltenham and Great Western Raiway ..... , N
Eastern Counties Railway
4i rcat Western Railway
.. .. . ... 64%
Ditto New Shares ..
Gosport Junction Railway
20
..
London and Brightom Itanway .... I" ii
_
Loudon and Blackwall Railway .....
13%
London and Croydon Railway (T'luni;) —
Ditto Scrip .
5%
Manchester and Leeds Railw-ay
lit
Ditto New Shares
21
North Midland Railwa,,

I)itto New Shares
13

SPIRIT of the PUBLIC JOURNALS.

FROM THE EVENING PAPERS OF THIS DAY.
(From the Globe.)
Among the many signs of a rapidly extending interest
in the question of National Education, we are at all timr,s
disposed to welcome any evidence that the great eijal-
mercial towns of this country are applying their energies
to promote the moral and social development 4 those
great masses of operative population which have within
the period of half a century grown up within 'their circuit.
The religious and moral condition cif the working classes
in these towns involves nromertous questions, in the
discussion of which the state cif the intelligence of tit.e
lower orders in these towus must necessarily be in-
cluded. From the period this important quest;.on has
forced itself on the puhiic attention, we have i:ovariably
advocated an educ:ltion in which intellectural improve-
ment shall be subordinated to the elevatior, of the whole
character by the transforming influence of religion ;
and in which, while religious teaching is, by the bless-
ing of God, rendered the means of moulding the habits,
such instruction is imparted as enablr.!s its recipient to
cast off the yoke of vulgar passion and prejudice, and
to escape from the webs of sophistry in which the
ignorant are entangled, whether those webs assume
the forms of traditional ev..ror, or of those monstrous mo-
dern delusions, by which so many in our manufacturing
districts have been brought into conflict-with the
civil power. We are therefore glad to find, from a re-
port of the annual festivities of the Manchester Me-
chanics' Institution, published in the Alanchestiir
Guardian, many sound views, which are deserving rif a
more extended circulation than they can obtain through
the medium of a provincial journal. The
want edu-
cation among the working classes has been tr,,st•Jd by the
extent to which they have been found ab're and
willing
to aysil themselves of the advantages offered to them by
Mechanics' Institutions.

(From the Standard..)
An Anti-Corn-law meeting was held at Liverpool on
Thursday. Our Liverpool correspondent had pro-
pared us for a tame and feeble affair ; and we find his
intimation fully borne• out by the printed report of
the proceedings at the meeting, given in this day's
Morning Chronicle. The Anti-Corn-law agitators had
secured to themselves a majority, we presume by the
some practice resorted to at Edinburgh, or some simi-
lar meP.es ; but a few men of sense and honesty ha j,
never theless, found their way into the assembly, and the
speeches of the predominant party were weak and
less. Mr. Thornely, Member for Wolverhampto'a, took
the lead among the Anti Corn-/atv orators. 7.11 e first
part of Mr. Thornely's address was devoted to the
consideration of the present stake of the bank-
ing trade ; which, if it proved, anything,
proved the ruinous effect of a constant importation of
foreign corn, by showing that, as such importation had;
in the course of a year or two, drained the country of
nearly all its gold—notwithstanding, a more extensive ex-
portation of manufactured goods than was ever before
known—a demonst-.-ation that no amount of ex-
ports can permanently retain the gold in the
country, if the ports shall be open to foreign
grain—a matter of vital importance so lon g
as the extent of discounts and credits mutt be measured
by the stock of gold in the hands of tile Bank of FAg-
land and other bankers. Mr. Thw:nely then proc ceded
to defend capital against the el-Jarge of causing, injury,
not a very novel subject, and -Mr. Thornely
not re-
commend it by any new arguments. Capital jA a powe-.,
and like all power it naP..y be used or abused.
(Prom the Courier.)
The Anti-Cora-law people have been more successful
at the LiverP 00l meeting on the Corn-laws, which comes
seasonably to console them previous to the great Man-
chester demonstration, now in the throes of expect-
ancy. We find nothing of any novelty in the report
the proceedings, save a very able speech in de-
fence of Corn-laws, by an intelligent gentleman of a-A
name of Lloyd, supported no less ably by Mr. J'An
Formby, the facts of which it was attempted, b'at in
vain, to shake by succeeding speakers. Amongst; those
who took a prominent part in the .discussion, 'hf so that
may be caned which lay almost, as thy wr,uld say in
Liverpool, like Parkgate, all on one side, we find Mr.
Thornely,the Member for Wolverhampton, whose speech
was as remarkably feeble as might b e expected from a per-
son of so little practical krowled.ge of business, to which
he was, however, bred urn,, as to write out to America to
kno,v whether, in casf.: of the non-repeal of the Corn-
laws here, the peopl'i there would not raise their tariff
of duties on BriGsh fabrics. It was impossible, of
course, to suppose ignorance so gross in a mere!uant, as
that he shoulf:t not be conversant with the undoubted
fact that, in. no case short of famine prices here, and
scarcity ebrn elsewhere in Europe, par.'s of Asia and
Africa, could corn be imported from the. United States
at sates affording anything but loss upon the im-
r,Artation. Mr. Thornely, moreover, acquaints
us—" It was impossible for manufactures and commerce
to flourish without labour advanci,ng, and it was quite
impossible for the capitalist to eir4ploy his capital advan-
tageously, except for the benefit, of the labouring classes."
There is some truth in these propositions, mixed up
with no small share of misapprehension. The rule
is by no means so positive as Mr. Thornely takes for
granted, for manufactures and commerce are un-
doubtedly fkurishing in Saxony for example, flourishing,
to admiration if we may credit Mr. Porter and tl•,e
Manchester neople, and yet the rates of labour do not
advance. They remain as before, at from two shillings
and sixpence to four shillings per week,
D-
I

_NgOLVENT EBTORS' COURT.—AR, applica-
tion was yesterday made on tb.e part of MC. Hampton,
the aeronaut, of parachute Notoriety, for an allowance
under the 118th section, of the Act, to enable him to
appear before the Coral on his petition. It appeared
that the Insolvent bad been some time in Whitecrosa-
street Prison, and made an affidavit of Vs circumstances,
with the view of obtaining an allowance under the sec-
tion, arising from the interest of unclaimed money.
The schedule was exhibited in Court. The debts were
somewhat large, and Mr. Hampton ascribed his in-
solvency to thrz inadequacy of his ballooning receipts tr,
meet the e;xpenses. Mr. Spencer, said to be a " brot'Aer
aeron,ut,' was the attorney bringing the Insolvent be-
:ore the Court. The Court granted an allowance of
151. to Mr. Hampton.

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