The Sun.
London, England, 1847-05-27 00:00:00

A letter from Bucharest of the 22d ult. says—

" The dealings in corn continue unabated. Between
the 12th and 19th more than 400 ships have entered the
two ports of the Danube, and about 15 sail daily with
cargoes of wheat and maize for France and England.
There is a difference of 50 per cent. in the prices at
Ibraila and Galatz, arising from the following circum-
stances:—The duties on exportation are more moderate
in Wallachia than in Moldavia by 100 per cent. on
wheat, and 130 per cent. on barley and maize. In the
second place, Wallachia produces more corn than Mol-
davia, and besides it arrives more easily at Ibraila from
the Bulgarian shore of the Danube. Again, the corn of
Moldavia is brought to Galata by land carriage only,
while that of Wallachia is floated down to the same port
in large barques at a very small freight. Further, the
access to the port of Ibraila being more difficult than to
that of Gal atz, the dealers of Wallachia are forced to be
content with wore moderate terms. But these differ-
ences will probably be considerably modified by the
customs union just concluded between Wallachia and
Moldavia, and which will come into operation in 1848."
A report has been published at St. Petersburgh of
the produce of the gold mines in the Oural mountains
which were discovered in 1819. They have proved
tole much richer than was at first expected, thanks
to a new system of working them, and have become
the source of a very fine revenue to the Imperial
Treasury. Last year they rendered 68,8801 b. of gold;
which, being estimated at 1,250 f. the pound, amounts
to 116,000,000 f. The mines contain also a quantity
of small particles of gold washed down with the sand
from these mountains, from which, together with that
of Siberia, the State has, since 1819, derived no less
than 717,000,000 f.
41111.
Madrid papers of the 20th have arrived.

The Gaceta publishes a dispatch from the Governor
of Lerida, dated the 16th instant, announcing the
capture of the Carlist Chief TRISTANY.
It is said, that at, the various Cabinet Councils re-
cently held the question of the QUEEN'S divorce has
been seriously discussed, and several Spanish prelates
have been called on to give their opinions on the sub-
ject. The QUEEN has, it is said, announced to the
Ministry, that if they fail to carry the measure she
will immediately form a Progressista Cabinet.
In Madrid it was currently reported that General
SERRANO had been entrusted with the formation
of a new Ministry, and that be had called on OLOZAGA
to assist him. Should the Progressistas come into
power one of their first acts will be the re-organiza-
tion of the :National Guard. Another rumour men-
tioned General NARVAEZ as the person to whom the
reconstruction of the Cabinet would be confided. The
Tiempo says, that General SERRANO will be appointed
Captain-General of Cuba. The Clamor Publico an-
nounces that Fayal and Terceira have pronounced in
favour of the Junta of Oporto.
MADRID Boma, MAY 20.—The Three per Cents. were
done at 30% for cash; the Four per Cents. at 1834 ; the
Five per Cents. at 19 ; the Debt without Interest at 5%;
and the Coupons at 16.

We have received the Paris papers of Tuesday.
From the following article in the Journal des
Debats it will be perceived that the principle of postal
reform is admitted by the Ministry, and that the only
argument they venture to make use of against the

proposition of M. GLAIS Bizort (at least, as far as
the press is concerned) is, that it is inexpedient at
the present time to make any alteration. The follow-
ing is the article to which we allude :---
"The Chamber of Deputies commenced yesterday the
discussion on the proposition relative to postal reform,
which recommends a uniform tax of 20c. Before exa-
mining the different views of the speakers, we ought to
ascertain if this is an opportune moment to undertake
the reform. _ We consider the question of opportuneness I

to be the only one that ought at present to occupy the
attention of the Chamber. We look on the principle of
reform as established, and we are firmly persuaded that
in a few years—two, three, or four at most—it will be
carried into effect. There are not, perhaps, in the
principle of the reform, in the Chamber and the Govern-
ment, two different opinions---every one is in fa-
vour of it. If we were in a prosperous year like 1845
it would take place at once; but we are in an unfortu-
nate year, when the prosperity which formerly poured
its treasures on our country and on Europe has all at
once ceased. This is not a mere banal objection—the
Committee almost say so. It is, however, asked—
' Ought we to postpone all reforms because the harvest
of 1846 was a bad one?' But the failure of a harvest is
an immense impoverishment to a state; its consequences
are incalculable, and every one is well convinced that
our finances will feel the effects of this unfortunate event
for a length of time. The Opposition journals and
speakers in favour of the proposition never fail to lay
before the public an alarming picture of our financial
position; to hear them the state is on the point
of becoming bankrupt. Matters—thank God !
are not so bad as that ; but it is evidently
manifest to every one that we are under the influence
of a terrible crisis, the end of which we do not yet
perceive; it is a fact that we are poorer in the year 1847
than in the year 1846 ; our loss may be reckoned by
hundreds of millions, and that of the State by tens. Is
it prudent in such circumstances to undertake reforms
which involve considerable sacrifices ? This is a ques-
tion which, for our parts, we dare not decide, and which
we content ourselves with addressing to all the prudent
men of the Chamber. The adoption of a uniform duty
would cause, the first year, a loss to the Treasury cf
shout 20 millions. We do not discuss the exact amount;
we believe that after a certain time the present receipts
would be attained, and that the State would then see the
term of its sacrifices, But it must be admitted that the
State would lose 50 millions in the three or four years
following the reform. Are our budgets sufficiently
square to admit us without temerity to add a sum of 50
millions to what the partisans of the measure do not
cease calling the abyss of our deficits ? This is an-
other doubt which we submit to the Chamber."

In the Chamber of Deputies, on Tuesday, the
Finance Minister, M. Dumorr, stated that he opposed
the measure solely on account of the deficit which it
would occasion in the revenue. In the course of his
speech M. Duntox alluded to the postal reform in
England, which he said had not succeeded, inasmuch
as the Post-office revenue had remained stationary in
England ever since 1843 ! ! Verily, M. DumoN, if