The Sun.
London, England, 1848-01-04 00:00:00

TaR ri/Nt LOl'4llOl4l TTIENDAY l9,Vll,l47lNret JANITAIRY indo.

chieftain—the bravest adventurer, the most terrible
captain, and the most brilliant soldier of the age. It
is, nevertheless, satisfactory to find that the close of
his martial destinies has been worthy of his
splendid and unparalleled career—it is satis-
fietory to learn that the valour of his
past history has not been obliterated by
a sudden panic or an ignominious subjugation. He
has fallen like a true warrior ansid the ruins of his
power—his sword blazing in the death-struggle—his
followers annihilated by overwhelming numbers—
himself haughtiest, noblest, least daunted, and most
majestic in the very crisis of his destruction. The
last achievements of this renowned man have been
likened to those sublime evidences of generalship and
heroism which, in the immortal campaign of 1814,
surrounded the Emperor NAPOLEON with an almost
inconceivable glory and rendered his fame
as a conqueror the most marvellous when
his fortunes were doomed and his imperial
throne was crumbling into dust. On the
11th and 12th of December, 1847, the EMIR, with a
small band of adherents, assaulted the Moorish camps
and utterly routed the enormous forces of ADDER-
RAMAN. Notwithstanding this first success, how-
ever, the superiority of the dispersed army told with
terrific emphasis upon the followers of ABD•ED•
KADER, immediately the Moors had so far recovered
from their panic as to retrace their footsteps, and
bear down in vast numbers upon their assailants.
After falling back upon the frontiers of Al-
geria, the EMIR was prevented from pro-
ceeding further by the extraordinary tur-
bulence of the weather, but on the 21st ultimo suc-
ceeded in conveying his companions across the ford
of Moulonia, and conducted them safely into the
plains of Triffa. According to the explanations
which have been received as to his intentions, ADD'.
EL.KADER'S meditated acts would, if successfully
accomplished, have crowned him with additional
celebrity as the most valourous and magnanimous
hero of his race. He projected first a proceeding of
matchless generosity, and secondly an effort of singular
and unequalled daring. His resolution was this, to carry
his adherents in safety into the heart of the French
territory, and then with a handful of devoted Arabs
cut his way back through the immense army of the
Emperor of Mc:a-wee°. With this view he pressed
onwards into the country of the Beni-Snassens, reso-
lute in his determination to brave the guns and
scimitars of ABDERAIIMAN, or to perish as became a
captain so illustrious. In this endeavour he was,
nevertheless, worsted by the accidents of military
destiny. Surrounded by the cavalry of LAMORICIERE,
and confiding in the generosity of France, he yielded
himself to the representatives of that kingdom on the
simple understanding that he should, at the pleasure
of the Supreme Government, be conveyed either to
St. Jean d'Acre or to Alexandria. Such has been
the last change in the fate of this wonderful Arab—
the most puissant among the Princes of
Africa—the most memorable Emir of modern
days he, whose appearance was as ter-
rible as the simoom, and as fickle as the
mirage— he who was worshipped by the more super-
stitious among the Mussulmans as descended from
the loins of MAHOMET ! Knowing that ADD-EL-
KADER is yet in the prime of his manhood, that his
ambition is enormous, his energies inexhaustible, his
contrivances little short of the miraculous, and his
bravery unsurpassed, we are satisfied that his career
has not terminated. his star has not descended ; it
is only for a while eclipsed.

A remarkable case was heard before Mr. Commis-
sioner PHILLIPS, at the Insolvent Debtors' Court, on
Friday last, which strongly illustrates the system
which is suffered to prevail in the Universities—a
system to which many young men of high promise
owe the misery of their future lives, and to which
parents, who have perhaps made considerable sacri-
fices to afford the advantages of an University edu-
cation to their child, may ascribe the utter failure of
their reasonable expectations. The unfortunate vic-
tim in the present instance was a young man, little
more than of age. He was the son of a country clergy-
man, who had seven other children to maintain
out of an income of about 9001. per annum.
Anxious however that his son should receive every
possible benefit, and that his mind should not be dis-
tracted from his more serious studies by any pecu-
niary difficulties, the father allowed 2450/. per
annum for his use—a sum amply sufficient to afford
every reasonable indulgence suited to his station in
life, and to his future position in society. With
this liberal allowance the young man went to reside
at Worcester College, Oxford, in the month of Oc-
tober, 1845. He had scarcely taken possession of
his apartments when crowds of tradesmen,
wine merchants, tailors, boot makers, cigar sellers,
&c. &c., solicited the honour of his custom,
No inquiries were made either as to his means or
prospects, or even the situation of his father. All
that was then desired was to get his name into their
books, trusting that they should eventually obtain
payment. It would appear as if the poor young man
at first felt some scruples about going into debt
without a certainty of payment, but those scruples
were speedily quieted, the kind tradesmen assuring
him " that he should be able to pay them some time,
and that they never dunned." Every facility was
afforded : did he desire to make a present which
would not well bear the examination of friends when
the day of reckoning had arrived, a friendly jeweller
was at hand to suggest that " a lady's locket or bracelet
should be entered in the bill as a gentleman's :ring,
as if the bill was to be investigated the real articles
would never be allowed." The placards inviting cus-
tomers to another shop, announced that after two years'
credit five per cent. would be charged. The result can
scarcely be regarded with surprise. The raw boy just
emancipated from school, and released from the
paternal surveillance, and the monotonous quietude of
a country parsonage, yielded to temptation, and
speedily plunged into all the gaieties and extravagances
by which he was surrounded. Within twenty months

—for he had traversed the road to ruin with unusual
speed—he had incurred debts to the amount of
2,3371. ss. 4d., contracted between the months of
October, 1845, and June, 1847, of which he had re-
ceived consideration for 1,8651. 1,6971. was due to
Oxford tradesmen. Within that peried his tailor's
bill amounted to 301/. ; the confectioner's, 46/. ; the
wine-merchant's, 56/.; saddler's, 331.; there was also
1951. for boots ; and 981. for hats. The tradesmen
could not, however, complete his ruin ; the aid of
the money lender was requisite, and we
accordingly find 986/. for money borrowed. The
rate of discount may be judged from the fact that for
two bills of 1001. each he received something less than
551. His reckless career was now brought to a con-
clusion. He was rusticated from his college, and
his unhappy and bitterly disappointed parent, having
removed his name from the books, the kind accomo-
dating tradesmen who never dunned whom he
should some day be able to pay, consigned him to a
gaol, from whence, after six months' incarceration,
he obtained a release through the Insolvent Debtors'
Court, five shillings in the pound, which his afflicted
father had in vain offered his creditors, having been
indignantly refused.
It is not for the purpose of adding to the natural
grief of his friends, or of increasing the remorse of
the imprudent young man, that we have made these
remarks ; but that, if possible, one of the chief
dangers by which a young man—a candidate most
probably for one of the liberal professions—
is surrounded on his entrance into life may be re-
moved. We have known many still more painful in-
stances, where young men of considerable talent had
all their exertions paralysed, an had to maintain a most
painful struggle from the weight of debt with which
they were encumbered when leaving the Universities.
and starting into life. If members of the Church
and bar were to relate their collegiate experiences,
there are few who could not tell tales of blighted
hope, of talents misapplied, and opportunities
neglected—all the consequences of the same
baneful system. It is not merely the amount
of debt that is the chief evil. Idle and
extravagant habits are cultivated, from which
many have never been able to emancipate themselves.
Surely there can scarcely be found an evil of greater
magnitude, or one more worthy of a legislative re-
medy. Any Act, however, that could be passed,
would not be sufficient of itself to eradicate the
grievance. All classes should combine together for
that purpose. Statutes will be evaded. If the debts
cannot be recovered by law, credit will still
be given, and exorbi:ant profits will be made

to counterbalance the increased risk. Parliament
might, however, do much by extending the
protection afforded by the statutes relating to minors
to all undergraduates, and enacting that no subse-
quent promise shall give validity to any claims save
for necessaries suited to the station and position of the
parties. The University authorities may do still more by
providing that every tradesman's bill who allows credit
for more than one term should be examined by the
proctors, and that if it contained improper items, or
to too great an amount, that it might be reduced
within proper limits. The heads of the several col..
leges, who have great power over the tradesmen
of the town, might easily enforce the regulations
which they might think it desirable to make. In-
genious devices, similar to that of the friendly
jeweller, however, might be put in requisition to
evade these regulations, and trinkets for ladies
entered as " gentlemen's rings," or chains
might escape the notice of the college tutor.
Parents and guardians must also do
their part, and it should be made known that
such debts would never be liquidated. If all would
resolutely discountenance the system it might at
length be got rid of, and a serious danger would be
removed from the way of those anxious to obtain an
University education—a change which is not fully
understood, or sufficiently estimated.

The elections for the canton of Schwyz are over,
and the majority of the Grand Council are Con-
servatives.

The Verort has disbanded a portion of the troops
which occupied the canton of Lucerne.

Letters from Athens, of the 12th December, an-
nounce the settlement of the differences between
Turkey and Greece. King OTRO has at last con-
sented to comply with all the demands of the SUL-
TAN. The apology to M. Mussunus has been already
made, and that gentleman returns to Athens asTurkish
Ambassador.

On the 23d ult. the whole of the Austrian troops
in the city of Ferrara withdrew into the citadel.
The news from Naples is unsatisfactory. The KING
is determined to grant no concessions, and civil war
will probably be the consequence.
____

The Piedmontese Gazette of the 27th ult. describes
as insignificant the disturbances which served as a
pretext to the Duke of MODENA to call in the Aus-
trians. At Modena, on the 12th ult., about one hun-
dred persons assembled on the Bologna road, without
the gates, to salute Monsignor CoRBoLI BUSSI. Three
persons were arrested, two of whom were Israelites.
On the following night seditious cries were uttered at
the theatre, and after the play groups were collected
in the adjoining square, which were quickly dispersed
by a patrol. At Reggio a similar scene occurred at
the theatre, and after the performance two bands of
about one hundred and fifty men each traversed the
streets vociferating seditious cries. One of them dis-
persed on being summoned to do so, and the other
having refused to obey was charged by a detach-
ment of dragoons, who, however, made no use of
their arms.

It is stated in a letter from Naples of the 23d ult.,
addressed to the Patria of Florence, that the general
commanding in chief the Swiss troops had declared to
the KING that, in obedience to their oath, they were
ready to give their blood and their lives to defend him
against foreign forces, but not against his subjects.
For this, the letter adds, the commandant had re-
ceived the praises of a great number of Neapolitans,
and a grand demonstration was projected in honour
of the Swiss. There was also a talk of striking a
medal, with an inscription flattering to them. The
Duke DE SERA CAPRIOLA has, says the Patria, re-
fused to proceed to Sicily, unless he be authorised to
make concessions.

Madrid papers of the 27th ult. have been received,
It was rumoured in Madrid that NARVAEZ had
resigned, and that a Mon and Pidal Ministry had
been appointed. The rumour, however, gained but
little credit, although it is certain that the ultra-
Afrancesados have completely out-manoeuvred NAn-
YAEZ.

General CORDOVA, will, it is said, be the new
Inspector of Infantry.
MADRID BOLSA, DEc. 27.—The Thre• per Cents.
were done at 28i, at .50 days; the Five per Cents.
at 151 ; the Debt without interest at 5, for paper ;
and the Coupons, at 101, for cash.

We have received the Paris papers of yesterday.
The Debats gives an official contradiction to the
rumour that the Swiss Vorort had demanded the recal
of M. BOIS LE COMTE.

The Moniteur publishes the official dispatches of
the Duke D'AUMALE and of General LAMORICIERE,
giving a detailed account of the events which led to
the surrender of ABD-EL-KADER. On the night of
the 11th and 12th he attacked the Moorish camp,
and routed the Moorish army, but when daylight
came, and the Moors discovered the small number
of his followers, they hemmed him in, and by the
force of numbers compelled him to retreat towards
Algeria. On the 21st he proceeded towards the
plain of Triffa, with the intention of seeing his fol-
lowers in safety on the French territory, having re-
solved himself with a small band to return and cut
his way through the Moors, or perish in the
attempt. The dispatch of the Duke D'AUMALE thus
describes his surrender :

" Monsieur le Ministre,—A great event has just
taken place; Abd el-Kader is in our camp, beaten
by the Kabyls of Morocco, driven from the Moulonia
plain by Muley. Abd• er-Rhaman's forces, abandoned
by most of his followers, who had sought refuge on
our territory, he had thrown himself into the Beni-
Snassen's country, and was striving to take the road
to the south, which the Emperor of Morocco had left
free; but, surrounded in that direction by our cavalry,
he has confided in the generosity of France, and has
surrendered on condition of being sent to Alexandria
or St. John of Acre. As I had informed your Ex-
cellency, the Emir had, thanks to a stratagem as bold
as it was ingenious, surprised, on the night of the
11th, the Moorish camps; that attack, which has in-
flicted great loss on the Emperor's Makgsen, appears
to have been completely successful ; but Abd-el-
Kader had to deal with such numerous enemies that
he was compelled to stop before the multitude and
the compact mass of his opponents ra-
ther than before a defence which appears
to have been almost insignificant. He therefore
joined les deira and concentrated all his
forces and people towards the mouth of the Moulonia,
between the left bank of that river and the sea. The
Moorish camps continued to draw closer the circle
that enveloped him. General Lamoriciere had sent
to the Kaid of Ouchda thirty mule loads of cartridges,
which were distributed to the Beni-Snassens. A
similar quantity had been sent to the Kaid of the Rif.
The Kabyl contingents increased in all parts, and
were a more formidable danger to the Emir than all
the rest. Bad weather delayed the engagement for
' some days, and also deprived the deira of all freedom
of action. On the 21st the Moulonia was fordable.
The baggage and families of the Emir's companions
began to pass it in order to come into the Triffa plain.
Abd. el-Kader's intention was to conduct them even
to our territory, and then retire to the south with
such as might choose to follow him. The road had
been left free by the Moors, and the Beni-Ben-
Ziggous and Hamynn-Gharabas, who were still in
communication with him, promised to facilitate the
execution of that project. The commencement of the
passing of the river was the signal for the combat,
which the Kabyls, attracted by the hope of booty,
engaged with fury; but the Emir's infantry and re-
gular cavalry maintained to the last their old reputa-
tion, and resisted all day. Not a mule nor any
baggage was taken. At night they had lost half of
their men ; the remainder dispersed ; the whole deira
reached the French territory ; and the Moors dis-
continued the pursuit. Abd-el-Kader, after having
in person led the emigration to our territory, and
placed it in the Mesirda country, left it ; a few of
his party determined on following him; he lived
among a fraction of the Beni-Snassens, who had re-
mained faithful to his cause; it was thereby that
he hoped to reach the south; but General Lamori-
ciere, informed of what was passing, guessed what his
design was. Twenty Spahis, commanded by an intelli-
gent and trustworthy officer, Lieutenant Ben Khouia,
had been, on the evening of the 21st, on the first
news arriving, sent in observation to the pass of
Kerbous ; reports of musketry soon denoted a com-
bat in that direction; it was Abd-el-Kader, who
was encountering our Spahis. General Lamoriciere,
who, in the night, had made his column take arms,
rapidly advanced with his cavalry. The Emir had in
his favour darkness, and a difficult country with
numerous passes unknown to our iclaireurs ; he
could easily flee. But two of his horsemen, brought
by Ben Khouia himself, soon came up, and announced
to the General that he was ready to surrender, and
that he only demanded to be conducted to Alex-
andria, or St. John of Acre. The convention was
immediately orally concluded, and soon after ratified
in writing by General Lamoriciere. This very after-

boon Abd-el-Fader has been received at the Sidi
Brahim Marabout, by Colonel Montauban, who was
soon after joined by Generals Lamoriciere and Ca-
vaignac—Sidi Brahim, the theatre of the Emir's last
success, and which Providence seems to have pointed
out to be the theatre of his last and most striking
reverse, as a sort of expiation for the as-
sacre of our unfortunate comrades ! An hour after
Abd•el-Kader was conducted to me at Nemours,
whither I had arrived that very morning. I ratified
the word pledged by General Lamoriciere, and
firmly hope that the King's Government will also
sanction it. I informed the Emir that I should em-
bark him as early as to-morrow, with his family, for
Oran ; he submitted, but not without some emotion
and repugnance, c'est la dernire goalie du calice
He shall remain there some days properly guarded,
to be joined by some of his followers, and among
others, by his brothers, one of whom, Sidi Mustapha,
to whom I had sent the aman, surrendered on the 18th
to General Lamoriciere, and has been provisionally
condemned to Tlemcen. When they shall be to-
gether, I shall send them to Marseilles, where they
will receive the Government's orders. As your Ex.
cellency will see by General Lamoriciere's report,
whilst the Emir was submitting, the chiefs of his
deira were applying for the aman. That aman was
granted: the deira is now encamped at four leagues
from this place. I shall shortly inform your Ex-
cellency of the measures that shall have been adopted
towards the deira and the Khialas, who have indi-
vidually come and surrendered at Nemours.
Due, without fresh combats on our part, to the moral
influence of France, the result we have this day
obtained is immense; it was generally unhoped for.
It is impossible to describe the deep sensation it has
produced among the :natives of this region, and the
effect will be the same throughout Algeria. It is
quite a revolution." (The remainder of the dispatch
commends the conduct of the officers and troops
serving on the frontier of Morocco )
A postscript, dated theilnaorning of the 24th of
December, adds :

"I think it proper to mention here a circumstance
apparently of little importance, but most significant
in the eyes of the natives. Abd-el-Kader has just
sent me a horse of submission ; it is an act of vassal-
age towards Prance, and the public consecration of
his abdication."

In consequence of the surrender of Ann-EL. KADER
the funds have risen one and a half per cent.
The KING is much affected by the death of his
sister, and is ill in consequence. He was, however,
to have gone to Dreux last night, to be present at the
funeral.

M. GUIZOT, unmindful of the consequences which
arose from the destitution of the professors of the
College of France (of whom he himself was one) by
the Villele Ministry, is following the example of
that Ministere deplorable, and has suspended M.
MICHELET, the Professor of History in Paris, and
dismissed M. BERARD from his office of Dean of the
Faculty of Medicine of Montpellier. The last pro-
fessor of history who was suspended became a
Minister—his name is GUIZOT, and the Minister who
suspended him, the Count DE PEYRONNET, became a
prisoner in the fortress of Ham. M. MICHELET will
no doubt accept the omen. Will M. GUIZOT do the
same

The Dean of the Academy of Montpellier, in an
nouncing to M. BERARD his dismissal, says—

" The Minister of Public Instruction directs me to
announce to you that he has thought fit to dismiss
you from the office of Dean of the Faculty of Medi-
cine, and to inform you that your position as an ad-
ministrator was incompatible with the public letter
by which you addressed to all the branches of the
administration the false and odious charge of corrup-
tion. The administration in which you have the
honour of holding so important a function, adds the
Minister, would appear to admit the truth of the ac-
cusation, if it allowed itself to be represented any
longer by the person who could subscribe such words.

In his answer M. BERARD merely says--
" I avow that I am singularly surprised that the
Minister should treat the accusations of corruption as
false, when celebrated processes have proved, in a
manner the most evident and the most authentic that
could possibly be done, before the ordinary tribunals
of justice, that corruptions and persons corrupted had
been found precisely among the class of Ministers.
I quit the office of Dean of the Faculty, which I never
asked, and which was offered to me, for a cause which
does me honour in the eyes of all honest and inde-
dependent citizens. The Minister is right in saying
that I could no longer occupy the place of Dean."

We read in the Presse :—" The announcement that
Madame ADELAIDE'S fortune amounts to 100,000,000
francs is a mistake. The annual income of her iloyal
Highness was near 1,800,000 francs, representing a
capital of 60,000,000 francs, which, according to her
will,:are to be thus disposed of :—Two millions:to the
young Duke DE CHARTRES, second Pon of the late
Duke D'ORLEANS ; ten millions to the Duke DE NE-
moults ; a million yearly to various private legacies ;
and the rest of her fortune between the Prince DE
JOINYILLE and the Duke DE MONTPENSIER. It is
asserted, that in order to diminish as much as possible
the disastrous consequences which the suspension of
the usual winter parties and royal receptions must
have on trade, the Duke DE NEMOURS intends giving,
towards the end of the season, some soirtes in the
Pavilion Alarsan."

The Three per Cents. were done in the Passage de
I'Opera at 75f. 421 c.

MARSEILLES, DEC. 28.—Marseilles and Avignon
590 f.

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JAN. 3.
The only sale was—Rouen and Havro, 17.

DEATH of MR. ALDERMAN LUCAS.
Died, at his residence, Waterinbury, county of
Kent, on Sunday night, of the prevailing epidemic,
after a very short illness, Matthias Prime Lucas, Esq.,
in the 88th year of his age. The deceased was a
native of London, and served his time to his father as
a lighterman, and for a number of years toiled as
hard as any member of the class to which he belonged,
and through his industrial habits and success in busi-
ness he realised an immense fortune. It is stated that
he has left landed and funded property to the amount
of between 300,0001. and 400,0001. At the period
when Napoleon projected the invasion of this country
the deceased Alderman was most active in the raising
of a body, now defunct, but which at the time was
known to the country as the " Itiver Fencibles," and
of which body he was appointed Commodore, which
he held until that body ceased to exist; and in that
capacity one act of his deserves notice. When the
fleet which was destined to attack Denmark was
being got ready, there was a difficulty to man it, when
Mr. Commodore Lucas so forcibly represented the
necessity of the fleet being fully equipped, that he
succeeded in getting nearly the whole body of the
Fencibles to volunteer, and to the bravery of the
London watermen and lightermen were the country
indebted for those brilliant victories of Copenhagen,
the Nile, and Trafalgar ; it laid the foundation of an
intimate friendship with the naval heroes of the day,
and on each anniversary of the battle of Trafalgar,
Mr. Alderman Lucas always entertained those
living, who commanded in those conflicts ; the enter-
tainment usually took place at Portsmouth, and
which the venerable Alderman continued up to the
last year of his existence. Being intimately con-
nected with Tower Ward by his shipping and mer-
cantile transactions, upon the death of Sir William
Curtis, in 1821, he was unanimously elected to the
vacant aldermanic gown, and the following year
he served the office of Sheriff; and in 1827 became
Lord Mayor. During the year of his mayoralty the
presidency of Bartholomew's Hospital became vacant,
to which he succeeded, and retained up to his death.
He was also Prime Warden of the Waterman's
Company, and twice Master of the Worshipful
Company of Vintners, all of which are at present
vacant. By the Governors and others of Bartholomew
llOspital, on the completion of his 85th year, two
magnificent silver salvers were presented to the de-
ceased. To the poor of Waterinbury his loss will be
irreparable, the whole of which parish he purchased
some years since for about 80,0001., and on which he
has expended about 140,0001. He carried out in the
full sense of the word the " Old English Gentleman,"
entertaining strong Conservative principles. He
was born on the 6th Nov., 1761, and was in the full
enjoyment of his health and faculties until within a
few days of his decease.

WINDSOR, MONDAY EVENING.--Ilis Royal High-
ness's usual visit to Claremont at the close of the shoot-
ing season will not take place this week, as a succession
of visitors is expected at the Castle for almost every day
during the present week.
PANAMA, Nov. 2l.—The Pacific Steam Naviga-
tion Company's steam- ship Chile, from Callao, arrived
here on the 21st of November, bringing, in addition to
her usual passengers and cargo, the mails in continua-
tion with the company's steamer New Granada, which
left Valparaiso on the 28th of October from the under-
mentioned ports in Chili, Bolivia, Peru, Ecuador, and
New Granada of the respective dates as under-noted :
Chili—Valparaiso, October 28 ; Coquimbo, 29 ; Llu-
asco, 30 ; Copiapo, 30. Bolivia—Cabija, November 1.
Peru—lquique, November 2 ; Arica, 3 ; Islay, 4 ;
Pisco, 6 ; Callao, 11 ; Pahay, 14. Ecuador—Guayquil,
November 15. New Granada—Buonaventura, Nov. 19.
OPENING OP TEE WESTMINSTER FREE SCHOOLS.—
Yesterday, the extensive range of buildings situate in
Gardener's-lane, York-street, Westminster, recently
erected by the governors and trustees of Lady Deere's
charity, and the parish of Christ Church, Westminster,
were publicly opened. They are calculated to accom-
modate 400 children of both sexes, who will be edu-
cated, and 50 of each clothed, free of all expense to their
parents.

v/e?rTp
oEoRI
MONEY and COMMERCIAL E S•
In the CottonCNlia7rket QattLiAi y e7;ttjerd7a.)l,lthl:
sales i
were 5,000 bales, of which 4,000 bales were American i
at 411 to 6,1. per lb. There was less of the staple
offering. Shares were but little dealt in, and were rather
flatter.
There have not been very late arrive's announced in
the City this morning.
A meeting of the private creditors of Mr. Charles
Trueman was called for and met this afternoon, but
there was admittance given only to parties having claims
upon the concern. We are, therefore, unable to state
any of the details laid before the meeting.
It is stated in the last letters received from Canada,
that the Government of the colony has the intention of
taking command of all the electric telegaaphi that may
be constructed. Two very important documents had
arrived out from the mother country. The Quebec
Gazette, with reference to them, state as follows:
" It will be recollected that all the Acts of the Ca-
nada Legislature for raising a revenue, or appropriating
the expenditure, have a clause requiring accountability
to the Lords of her Majesty's Treasury. The new re-
gulations will probably secure some check, likely to be
more efficient than that of those who impose the taxes,
vote the money and divide it among themselves and
connexions.
" The dispatch of the 3d of May, 1841, signed by
Lord John Russell, who is now Prime Minister, may be
considered as in full force, and will certainly be acted
upon by the present Government.
" Perhaps it would be well for all those who have
been in power, legislative or executive, since 184 k,
to inquire how far they have fulfilled their part of
the engagement, and particularly how far at the end
of six years they have a Militia ready to co-operate
with her Majesty's forces in support of the honour of
the Crown' and the defence of the country, in fulfillment
of their duty and their oaths, should that spirit of con-
quest and rapine which is now desolating Mexico be
directed to the British North American provinces.
" We are sure that, under no circumstances, will the
British Government decline the performance of its duty,
so forcibly expressed in the dispatch."
There has been a fair quantity of business transacted
in the Public Securities to-day. Many transfers have
been made in the Reduced Three per Cent. Annuities, at
854 to ;in the Three-and-a-Quarter per Cents. at 868
to 86'1; while Consols for the Account have ranged from
858 to 851. The present value is a shade; lower. Ex-
chequer-bills have touched 17s. premium, and East India
Bonds under 1,0001., Bs. premium. Bank Stock has rea-
lised 188 i.
The Foreign Bonds have also been in good request.
Spanish Three per Cents. for the Account have im-
proved from 28 to 29/, and the Dutch Two-and-a-Half
per Cents. to 54 Brazilian Bonds are at 81, the Five
per Cent. Mexican, 171 i; Portuguese Four per Cents.
for the Account 234, and the Spanish Five per Cents. for
Account, 19.
There has not been any alteration in Shares to-day.
As far as can yet be ascertained the payments of bills
have gone off well to-day.
tilts thil FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)

Bank Stock 1881,!
3 Per Cent. Reduced Annuities.....— 8541,4
New 314 per Cent. Anne 863/ X 3434
Long Annuities, Exp. Jan. sth, 1860 B% 11-16
Do. 30 Years, Expire Oct. 10, 1859 B% 7-16
India Bonds under 1,0001 ........ 3 8 p
Consols for Account ... 85%%%
Lxchequer Bills. 3d.
1,000/.
5001.
Small
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Grenada, 1 per Cent. . . l9
Mexican Bonds, 1846, 5 per Cent 173/4%
Portuguese Bonds, 4 per Cent
Ditto for the Account 233/4,
Spanish Bonds, 5 per Cent, 1840
Ditto for the Account .....
Ditto 3 per Cent...
Ditto for the Account 283/4 294
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild 541/49 x d
Ditto 4 per Cent. Certificates
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. Put Swans.
Aberdeen

Amber., Notting., Boston, &c. 2% ...... te
Ayrshire and Galloway
Belfast and County Down .. 10 .. ..
Birmingham & Oxford June... 20
Birmingham, W 01.,& Dudley 10 ... .
Biriaing., Wol., & Stour Val. 101.145.... 1% die to
Birkenhead, Lancashire, and
Cheshire Junction..
Boston, Stamf., & Birming... 5
Bristol and Exeter
Do., Thirds
Buckinghamshire lOl. 4s — to
Caledonian
Ditto, Half Shares
Ditto, Clydesdale Junction 50 .....
Chester and Holyhead... 37% .....

Ditto, Preference 8
Clarence. .... -
Do., Ist Class, 6 per Cent— 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10 - ...... to
Dublin and Belfast Junction.. 20
Dundalk and Enniskillen ... 1i ......
East Anglia, 25!. L. & E.,
and L. & D.
Ditto, 181., E. kII lB .....
Ditto, 3/. 10s., E. & H... 2
Eastern Counties ....
Ditto, ditto (B)
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d... to
Do., d 0....... N 0.2,61. 13s. 4d...
Do., York Extension
Do., Northern & Eastern
Do., Quarter .... .. ........... 12q.....
Do., New
Easteran Union. 5O
Ditto, Quarter Shares
Ditto., Thirds l3s. 4d — to
Ditto (guar. 6 per cent.) ... ......
East Lancashire
Ditto,New

Do., New Quarters
East Lincolnshire l2th ll% to
Edinburgh and Glasgow -
Ditto, Half Shares
Ditto, Quarter Shares 121,4
Edinburgh and Northern ... 224 —
Ditto, New ..... ... ..... ...... 2% — ...... to
Ditto, New port.. ... ........ 9% — ...... to
Ditto, ditto, New 214 — ...... to
Exeter, Yeovil, & Dorchester 2% — to
Ditto, New .... ........... ... 2% — to
Glasg., Dumfries, & C,arlisle..BZ. 648 d... to
Glasgow, Kilmarnock, & Ayr 50 ......
Ditto, New _ - —

Do. VI Share. (5 per ct. gua.) 121,E ..... .. ... to
Great Northern 10%
Do. London & York Exten. 2% ..— ...... to
Gt. South. & West. (Ireland) 35 --to
_ __ _ _

Great North of England -100
Ditto, Nt w 401 5
Ditto, New 301.
Ditto, New 151.-- ...... . ... to
Great Western
Ditto, Half Shares

Ditto, Quarter &area
I Ditto Fifths

Do. New 171
Huddersfield and Manchester 24 .. -.
Di tte, Thirds 8
Hull and Selby
Ditto, Half Shares
Ditto, Quarter Shares - 12% — to
rpswich & Bury St. Edmunds 17% —
Do. do. and Norwich
Do., do., Extension Scrip
(late (Carob. and Ely) 2%......1% t.
Lancaster and Carlisle.... ... 50
Do., Thirds lO - ...... to -.-
Lancashire and Yorkshire ... 93 ..... . ..... to
Ditto, ditto
Ditto Half Shares
Ditto Quarters 14% —
Ditto Fifths 8
Ditto Sixteenths ........... 614...... to
Ditto Thirds (Reg.) ... 101.4 s —
Do. Liverpool and Bury... 34
Do. (Hudders. and Shelf.) 33
Do., Wakefield, Pontefract,
and Goole 47% —
Do., West Riding Union ...4/. 25.....
Do., Preston and Wyre ... 25
Do., do., Half Shares (A) 9
Ditto ditto ..............(B) 2% .....
Leeds and Bradford
Leicester and Bedford
Leeds, Dewsbury, & Manches. 37% — to
Do., Branch % Shares 12%
Ditto, New Branch (blue).. 2% —
Ditto, Extension (green)... 2% ...... to
Do., New Exten. (pink)... 2% — ...... to
Leeds and Thirsk 36
Ditto, New
Do., do., Prefer., 6 per Cent. 3%. ....
Liverpool. Crosby, and South-
port.
Liverpool, Manchester, and
Newcastle Junction 2% ...... to
London & Blackwell-IGL 13s. 4d —
Ditto New, No. 1,.
Ditto New, No. 2 4/. 13s. 4d.... . .... to
Do. Extension
Lond., Bright., & South C oast 50 ...
Do. Consolidated Eighths... 30
Do. Guaranteed 5 per Cent. 9
Do. Pref. Cony. 5 per Cent. 50 ....„ ......
Ditto, ditto 1852 50 „ . _ to
London and Greenwich... 12/.155. 4d... 8% to
Ditto Preference .lBl 17s 2d... ...... to
London and North Western..loo 1483/, to
Do. Quarter ......L. and .13. 22
Do. do. New ...... .... ...... 2
Do. do. Fifths ... 2 ..... 11%14... to
Do. Quai tern ... G. J. 25 : .. ... to
Do. 401. Share'i.....L. &)31. 15 ......
Do. 40/. Shares...M. and. B. 40 ... —.to
Do. 10/.... M. and B. (.A..) 7%.....
Do. 10/. .. M. and B. ( B.) 7% ...- ...,.. to
Do. 101... M. and B. (:0.) •1
London and S. Western.... 41.. 6s 8d —
Do. New CoaLolicl ated 8 tt,s. 40
Ditt3 New 504 ....... ...... 32%......
Ditto New 404.. ..... .. .. 26
Do. Tenths (Consolidaf ,ed) 50 ......
Do. Tenths (Consolida.ted) 40
Ditto, Thirds ...11/. 6s. 8d ...
London, Salisbury, & Ye. Dvil 11,4 — •••••• to
Londonderry and Colerain 9.... 27,4 — ...... to --
Londonderry and Enniskilian 23% ..... to
Manch. Buxton, & Matloda 3
Manchr, Sheffield, and Lific;.100
Ditto 4 Shares (No. 1) .... 13
Ditto, ditto (No. 2) ..... ..... 25
Ditto, % Shares (No. 3,1.... 7% — to
Ditto Grimsby
Ditto, ditto.
Ditto, ditto .. . . 4% -
Ditto, Sheffield, :lid Lii ic. 7%...... . to
Manchesterand Southamp ton 214 .. .. ... to
Nlidiand .....:100 ......1091/, to
Ditto, Consul. Prefe:enc e...,100
Ditto, 40/. Shares
Ditto, 501. Shares-- ...... 10 ... . 8
Midland, Birth., sad Derby...ll 00 ..... 04 -

Midland, Consol. Bristol end
Birmingham 6 per cent.... 100
Midland, Bristol and Glouc. 36
Ditto ditto 111. 35.6 d. ..
Midland, Leices. and Swan-
ningtou (8 per ct.gua.)....100 .... .
Midld. Great Western (Irish) 35
Newcastle and Carlisle
Ditto Quarter Shares

Newmarket and Chesterford 181/2 —
to
Ditto Extension
Newport Abergy., and Heref. 6 ......
Norfolk
Ditto New 201.
Ditto Extension

Do. Scrip, 1847, N. of Norflk '2
Do. do. Waveney Valley... 2
Newry and Enniskillen .... 7
Newry, %Varrenpoint, and
Rostrevor
.3 orthern Counties Union
North British
Ditto Half Shares
Do. Quarters 434 • — -
Ditto. Extension .... byji
......
Ditto Thirds ... ....... ....... 2 ....
.. 13/4
North Staffordshire.—
North %Vales
31/e ••••• • .... to
North Western 6
Oxford, Worcester, and 'Wol-
verhampton

Reading, Ciuildfd., & Reigate 714.,.,,, ... .. to
Royston and llitchin
Scottish Central
Scottish Midland ... ... 1714 — ...... to
Ditto, New lO ......
Sheffield, Rotherham, and
Goole
Shrewsbury and Birmingham 6
Ditto, ditto, Class B. 3
Shrewsbury and Chester
(Nor. W. Min.)
Ditto Halves, Ditto... 8 ..•
Ditto, Oswestry
Ditto (New) 1
Ditto 8 per Cent. Pref
Shrewsbury and Hereford ... 2
Shropshire Union .
South Devon ....... ...... ... 40
Ditto, Preference 2O ......
South Staffordshire 4
South Eastern and Dover 336 3834 to
Ditto, New, No. 1
Ditto, NOW, N 0.2
Ditto, New, No. 3 l5 - ...... to
Ditto New, No. 4. ...... ... .. 7% 5704... to
South Wales
South Yorkshire, Doncaster,
and Goole

Swans. and Loughor and Ca-
meron's Stm. Coal ...... .. 4
Chames Haven Dock and
Railway l7l/ —
raw Vale Extension ........ 4
Vale of Neath
Waterford and Kilkenny l3l/2......
Waterford and Limerick..... 40
Waterford, Wexford, Wicklw,
and Dublin
West Cornwall
Nhitehaven and Furness l2 ... ..... to
Windsor, Staines, and South
Western s2s.

Wilts,Somerset,&Weymouth 30 ..„.. ... to
V ork, Newcastle, and Berwick 25 ... . 33% to
Do. Original New & Ber'ck 25 .. ... 30% to
Do..NorthShields Purchase 25 .. ...
Do. Exten. No.l (Y. k N.) 10
Do. do. No. 2, New & B. 10
Do. G. N. E. Pur. or Pref. 8
t ork and North Midland .. 50 ...... 72% to 73%
Ditto, Preference
Ditto East and West Riding
Extension .... .. ...... 20
FOREIGN RAILWAYS.
Boulogne and Amiens 2O ...... ...... to
Central of France ( Orleans
and Vierzon)
Central of Spain
Ceylon .... ss.
Demerara.
Dendre Valley
Direct Bombay and Madras ss. .... .
Datch Rhenish .. .... 7
East Indian
Great Indian Peninsular
Italian and Austrian
Jamaica S. Midland Junction 1
Louvain Ala Sambre ......... 7
Luxembourg
Lyons and Avignon (Con-
stituted)
Madrid and Valentia
Namur and Liege l4 ...... ... . to
Northern of France
Orleans and Bordeaux ... .. 6
Over Yssel 4l3s 4d -
Paris and Lyons
Paris and Orleans... 2O
Paris and Rouen ..
Paris & Strasbourg
Rouen and Havre
Sambre and Meuse
Strasburg and Bale l4
Tours & Nantes ... .. ...... .. 8

Tournay, Jurbise, Landen,
and Hasselt

West Flanders B% — to
JOINT STOCK BANKS.

Australasia
British North American .... 50
Colonial
Commercial of London
London Joint Stock . ..... 10
London and Westminster... 20
National Provincial of Engld. 35
Ditto, New
National of Ireland 22IA — ... .. to
Provincial of Ireland
Ditto, New
Union of Australia
Ditto, New 21,4 —
Union of London ........ ...... 10
Union of Madrid
MINES.

Anglo Mexican .. 100
Astrian Mining Company ... 11 . —
Australian
Blaenarvon Iron and Coal ... 50
Bolanos Scrip
British Iron

Brazilian Imperial .... ~..• 21
Galvanized Iron
Ditto, New
Real del Monte, Unregistered . 13g to

LLOYD'S SHIPPING—(THIS DAY.)
LONDON, JAN. 4. Wind S.S.E., light breeze, and
fine clear weather.
DEAL, J.N. 3.—Wind fresh.—Arrd. Sabina,
Havannah, for Bremen; Matchless, Honduras • Almada,
Boston; Josepha, Day, Prince Edward's Island; Hype-
rion, Quebec; Douglas, ditto., and both sailed for Hull.
Velocity, Newfoundland, arrived from the river for
Bolton; Adelaide, South Atistralii. Put back, Frithjof,
Bahia.
BRISTOL, JAN. 3.—Wind S.S.W., fresh. Arrd.
Caroline, Dangerfield, Jamaica.
BIDEFORD, JAN. 2.—Arrd. Wellington, Day, Sydney,
Cape Breton, with damage to hull and spars from stress
of weather.
CORK. JAN. I.—Sld. Oxford, New York.
SHIELDS, JAN. 3.—Wind S. to S.S.W.—Arrd.
Favorite, A lexander, Valparaiso.
FALMOUTH, JAN. 3.—The crew of the Pembroke
Castle, Williams, from Cardiff to Limerick, which was
dismasted 23d ult. off the Skelligs, and afterwards aban-
doned, has been landed h. re by the Syren, Lawscn, from
Alexandria, having been transferred from the Joanna
from Swansea, for Valparaiso, by which vessel they were
saved
BIDEFORD, JAN. 2.—The Howard, of Liverpool, from
St. John's, with damage, was spoken in lon. 25 W., by
the Wellington, Day, arrived at Bideford.
SCARBOROUGH, JAN. 2.—The Union, Walker, of and
from Dundee to London, was in contact 2d inst., off this
port with a loaded brig.
PLYMOUTH, JAN. 4.—Wind S.—Arrd. her Majesty's
ship Endymion. West Indies ; Oscar, Thompson, Prince
Edward's Island.

PORTSMOUTH, JAN. 3.—Wind, S.S.W. fresh breezes
and fine.—Arrd. her Majesty's ship Modeste, Valparaiso,
sailed 6th October, Rio 18th November, with 8,000
dollars on freight on merchants' account.
LIVERPOOL, JAN. 3.—Wind S.S.W. fresh.—Arrd. 2d,
Isabella Harnett, Newby, Calcutta ; Lord Nelson,
Cornish, Bonny. 3(1, Middleton, Milligan, Callao ;
Archer, Laguna ; Amoy, Clark, New Orleans ; Monu.
ment, Trott, New Orleans ; Higginson, Charleston ;
Cutha, Fergus, Charleston. Off port, Pelita, Hannah ;
St. Augusta, New Orleans. Sld. 3d, Leonard, Dobbin,
Charleston ; Fidelia, New York ; Bella Lemegna, Rio
Janeiro ; llelen Hamilton, Maracaibo ; Auckland,
Jamaica ; Empire Queen, Boston ; John R. Skiddy,
New York ; 2d, Leo, Bolivar, formerly Angostura ;
Indian Queen, Barbadoes.
MUMBLES, JAN. 31.—Arrd. Hannah Gregory, Quebec
for Llanelly.
MONTROSE, DEC. 31.—Arrd. Sarah Sim, Quebec.
GALWAY, JAN. I.—Arrd. Albion, New York.
OFF NEWHAVEN, JAN. I.—Eurepe, Quebec.
OFF BEACHY HEAD, JAN. I.—Ben Nevis, Prince
Edward's Island; Richard Watson, Binney, Quebec.
BRIXTON, ISLE OF WIGHT, JAIL 2.—The Llan
Rumney, on the Sheep Ledge 30th ult., is a total wreck;
great part of the cargo will be saved if the weather
prove fine.
YOUGHAL, DEC. 31.—The Peri, of and for Cork, from
Newport, is leaky, having struck on the bar; must dis-
charge.
SHIELDS, JAN. I.—The Republican, Wisbeach to
Newcastle, was in contact off Seaham with a laden brig,
name unknown, and was abandoned in a sinking state;
crew saved.
STRANRAER, JAN. 2.—The Rosamond, Dublin to Bel-
fast, got on shore on the Bay of Luce last night.' -)
WATERFORD, JAN. 2.—Wind S.W. to N.N.W.—
Arrd. Alert, Loughlin, St. John's, New Brunswick.
KEDDLETHORPE, NEAR LOUGH, JAN. 3.—The sloop
Oby, of London, Gravesend to Newcastle, stranded this
morning' has three feet water in her hold; cargo will be
saved, weather permitting.

MARKET NEWS.— (THIS DAY.)
HAT 11111.1113LIMS.
SMITIFIELD.—Meadow Hay, 2110 s .to 31 12s ; Clover,
ditto, 31 105 to 4/ 14s ; and Straw, 11 4s to 11 lOs
per load. Supply but moderato, and trade dull.
CUMBERLAND.—Meadow Hay, 21 lOs to 31 15s ;
Clover ditto, 3/ 103 to 4/12s; and Straw, 11 Ss to 11 103
per load. A full average supply, and a slugglish demand.
WHITECHAPFIL.—Meadow Hay, 2110 s to Si 14s;
Clover ditto, 3/ lOs to 41 15s ; and Straw, 1/ 4s to
11 lOs per load. Trade dull, at barely stationary prices.

_
COLONIAL. -
SucAn.—The quantity of British Plantation landed
last week at the East and West India Docks was 141
hds, 36 tierces, 1 barrel ; there were taken for home
consumption 1,123 hhtls, 108 tierces, 315 barrels. The
stock in the same places is 18,324 hhds, 1,987 tierces,
4,79 • barrels.
RUM.--The quantity landed last week at the East and
West India Docks was 796 puns, 126 Will ; there were

taken for home consumption 224 puns, 18 hhds, and est•
ported 64 puns. 11 hhds. The st(uk in the same pieces
is 14,720 puns, 2,094 lids.
TALLOW.—P.Y.C. is 45s to 45s 3d per cwt on the
spot, and Town 49s Gd per cwt.
TEA—The market is quiet.
TOBACCO.—There was an improved demand for some
descriptions emards the latter part of last month, and
sales rattier exceeded 1.250 hhds. The market has
not presented any dtcided character, excepting that
for selections possessing colour, an advance has
been submitted to ; undoubtedly the prospective
views of importers are, that higher prices will be ob-
tained as the season advances, and some of the reasons
assigned are unquestionably deserving consideration ;
but with the present stock, and an average importation,
the consequences assigned of a considerable contraotion
by the planters, and the estimated large deficiency to
result from this circumstance, are probably too remote to
have any immediate effect on the market. In taking a
retrospective view of the Tobacco market for the last
twelve months, prices have been subject to a
very trifl►ng fluctuation, whilst almost every other kind
of produce has beets seriously depressed. In Virginia,
sales have been 350 hhds., principally of good and fine
qualities; for Ireland and Scotland, at present quo-
tations, parcels hitherto sampled have been in very good
condition, and superior quality to that of last year's
importation ; there has been more inquiry for ordi-
nary sorts for exportation, and limited sales have
been; effected. In Kentucky leaf and strips, sales
have been 300 hogsheads of leaf and GOO hogsheads
of strips, and is some instances for selections as an
advance on previous rates. The importation may be
considered decidedly superior in many respects to that
of last year, the only deficiency being that of colour.
There has been an improved inquiry for mid asui oad
sorts for exportation. Maryland—A few hhds
have been taken at 5d to 6d. In Havannah Leaf a
very limited business has been done, owing to the
reduced stocks of suitable qualities, nearly Om
whole of which is in the hands of the trade.
Sales of a few bales have been made at advanced rates.
Havannah Cigars have been in moderate request, and
sales difficult to effect. ➢Manilla Cheroots have been ne-
glected, both for home trade and exportation. Cuba
has been in good demand, and a fair extent of
business has been transacted. In St. Domingo
nothing done ; stock nearly exhausted For Co•
lumbian leaf of good and fine quality, the demand
has continued very steady at present quotations. In
Negro head and Cavendish sales have been to it mode-
rato extent; an improved demand is confidently expected
as the seasen advances. Stalks are in good demand.

YLSTSR()AT.

Trimdon
Byer's Green 203 Od
Richardson's Tees 23, 6d
Tees
Whitworth 20s Od
Blasngwaur
Derwentwater Hartley 23, Od
Field's silkstone.... 2os 3d
New Flocton ..
Snapethorpe
Cliffe
et, 36—sold, 30.