The Sun.
London, England, 1848-09-27 00:00:00

that " the diversion of capital from its ordinary em-
-1 ployment in commercial transactions to the construc-
tion of railways," was one of the chief causes of the
commercial distress that se lately paralysed the na-
tional industry, and brought many of the most useful
members of the community to the verge of bank-
ruptcy. The folly of sinking our floating capital in
the construction of railways, instead of applying it to
the production of commodities for legitimate
trade, has been commented upon in the most stringent
terms. It has been insinuated that the sterling divi-
dends that have been paid have been provided for out
of capital, and have not been realised by fair and
legitimate ,traffic ; and every device that could be
resorted to for injuring the prospects and depreciating
the property of a large and influential class of our
fellow-subjects, whose enterprise should have ob-
tained the national gratitude, has in turn been
adopted. It would appear as if the object of the
parties had been to excite a railway panic, to work
upon the minds of weak and timid persons, and
thereby induce them to withdraw their capital,
at any cost and at any sacrifice, from the
investments in which they had realised ample divi-
dends, paid with the utmost regularity, and upon as
valid and safe securities as any that could be selected-
Too much success, we regret to say, has, for the time
being, attended the attempt. While every description o
property throughout the entire country became un-
usually depreciated in value, the fall in the value
of railway shares was wholly unprecedented. It is
notorious that even at the present prices seven or
eight per cent. may readily be obtained on the amount
invested in the purchase of shares in some of the
oldest and most secure undertakings. It may safely
be asserted that the present market price of shares in
the principal trunk lines throughout the kingdom is
not fifty per cent. on their real and bona fide value.
It might naturally have been expected when
the trading, the commercial, and the manufacturing
interests were unusually depressed, when every
branch of industry was paralysed, and those who in
ordinary times earned large incomes by the exercise
of their several trades or callings, were only too happy
if the losses did not exceed the profits, and they
could live upon a portion of the capital realised in
more propitious seasons, that railway property
should share the general fate, that dividends should
be lowered, and that the selling value of railway
stock should be more than proportionately depre-
ciated ; but there can be no valid reason
why that depreciation should have been carried
to the extraordinary • extent which has surprised
and astonished those best acquainted with the
changes and fluctuations of the money market,
and baffled the calculations of the most sagacious and
experienced persons. This state of affairs cannot
possibly be prolonged for any considerable space of
time—a change must speedily come that will once
more place matters upon a sound and satisfactory
footing. Already indications may be discerned of an
approaching improvement in the prices of every de-
scription of securities, and of an abundant sup-
ply of money at easy rates of interest. There
is an ample supply of bullion in the coffers of the
Bank of England and of the private and joint-stock
banks throughout the kingdom. The reserve of
notes in the banking department, too, is far more
than can possibly ba required, and which cannot be
maintained at so high an amount if the directors
desire to keep up a fair dividend to the proprietors of
Bank Stock. It is, therefore, only reasonable to
suppose that greater money accommodation will
speedily be granted to the community in ge-
neral, and every legitimate facility afforded to those
desirous of obtaining legitimate discounts, and, as a
natural consequence, that persons who now, from an
absurd timidity, keep their resources hoarded and
locked up, will speedily seek for beneficial inves

teers are organizing in Poland to come to the aid of the
Hungarians. The Democrats of Vienna, who knew that
with Hungary would fall the power of Austria herself,
are also arming, and the famous Academical legion,
despite the dangers that are menacing it, even in
Vienna, have just sent off to the support of Pew a corps
d'elite. In fine, the French, who inhabit Hungary do
not wish to remain unmoved spectators of a war which
inspires such generous sentiments. On the 18th, the
following proclamation was posted on the walls of
Pesth:—
"' The French citizens residing at Pesth have obtained
the honour of forming a private corps of volunteers,
who will carry both the French and Hungarian colours.
They will receive arms from the Hungarian Govern-
ment, and will be led to the combat by M. Lafitte, an old
warrior, at whose residence they are invited to put down
their names. The uniform will be that of the National
Guard of Paris. All Frenchmen will be sure to listen
to this call of their fellow-countrymen. They will feel
that the flag of the Republic ought to bo shown in the
struggle that is about to take place, and that it is
France that combats wherever the cause of liberty is at
stake.' "
We find the following in the Republique :
" The state of the Bank of France continues to pre-
sent a considerable increase of specie in its coffers, but
its portfolio of bills due continues to undergo a constant
diminution. It is certain that this decrease is not at an
end, and it is to be feared that before long we shall
see its portfolio below fifty millions. Can it be other-
wise, when the Bank is overcharged with public securi-
ties, and seems to hold its millions only at the disposal of
the Government ? What can commercial houses hope
for, when aid seems to be designedly withheld from
them, and yet they never were in greater want of assist-
ance to enable them to get over the crisis which now
weighs them down ? We again repeat it—the Bank of
France ought to aid men in business, as well as give its
co-operation to the Minister of Finance. But it is cer-
tain that it does not do so, and, from the late returns,
the conclusion to be drawn is that the financial position
of the country is each day becoming worse."
Towards the conclusion of the debate on the 20th
Article of the Constitution in the National Assembly,
on Monday, M. DUVERGIER DE HAURANNE made
a most eloquent and argumentative speech in favour
of the principle of two Chambers, as opposed to the
principle of a single Chamber, which is proposed by
the framers of the Constitution.
The following letter has been addressed by M. DR
LAMARTINE to the Democratic Club at Nismes, in
reply to their address to him on the subject of his
speech on the right to labour :
" Citizens,—l thank you for the Republican blunt-
ness of your letter. I thank you for the confidence and
the kindness which it leads me to suppose you entertain
for me. I will reply to it with entire frankness also—it
is the politeness of the heart. lam not a Socialist, and
never have been. Read my writings and speeches on
this question from 1835 to 1848. Property, under all its
forms, is sacred in my eyes. I have always said that I
only knew one communism—the communism of senti-
ment; that is to say, the religious love of the people, the
progressive series of institutions of labour, assistance, and
practical fraternity calculated to ennoble, dignify, and
improve the condition of all our brethren. In proclaim-
ing the Republic we restored their sovereignty to the
people. To be sovereign they must be reasonable,
otherwise they soon lose the title and exercise of so-
vereignty. It is, therefore, for them now to govern
themselves by their legitimate representatives. If they
do not respect themselves in their elected, in what will
they do so? And if they do not respect themselves,
who will respect them in the world? Recommend them
moderation and wisdam, which are what I never cease to
recommend myself. You think that I betray and abandon
them. You are mistaken. I serve them in the only
manner in which they require to be served at this
moment. The impatience which is caused among them
is the certain loss of all the rights they have conquered,
and all the social advantages of which those rights pro-
perly exercised give them the pledge. If this misfortune
occurs history will not accuse me—it will accuse those
who mislead them. The Republic, such as they desired
it in February, March, and April, was the sovereignty
of public reason, not the wildness of impracticable
sects and suicidal passions; and such is the Republic
which will instruct, moralise, and enrich the people. If
of a sect or violent, the Republic would give the victory
of the lenderactin to the enemies of human reason and
progressive institutions. I could desire to make this
conviction pass into your hearts, with the same strength
that it exists in mine. That is henceforth the only ser-
vice that I can endeavour to reader to our country. Put
aside after the storm by the impatience of some, the re-
sentment of others, I have no other ambition than that
of seeing the Republicans of all dates and all theories
unite in the idea common to all, of causing the Repub-
lican form to be accepted as the regular instrument of
perfected civilisation. In this point at least, citizens, we
are agreed; for whatever be the difference of our ideas
on the constitution of property, of labour, of branches
of industry, we are Frenchmen, we are brethren, we are
Republicans."
The Minister of Agriculture and Commerce has
just addressed a circular to the prefects, calling on
them to send in returns as to the yield of the late
harvest. They are also directed to state particularly
the produce of the potato crop.
The seals which had been placed on the papers of
M. CHATEAIIBRIAND after his decease were taken off
on Saturday, in presence of a commissary of the Go-
vernment, charged to claim, in the name of the state,
such papers as might be found in the possession of
the ex-minister and ambassador of the Restoration of
a nature to interest the Republic.
The Republicain, of Havre, says that the municipal
councillors of that town have resolved to wait on the
wealthy inhabitants to solicit them to contribute to
the loan of 250,000 f. voted to provide for the eventu-
alities of the winter, and assist unemployed workmen.
The town, it is said, will pay 6 per cent. interest on
the loan.
The Minister of War has taken all necessary mea-
sures for the immediate execution of the decree of the
19th, by which the National Assembly has sanctioned
the creation in Algeria of agricultural undertakings
for affording means of existence, based on property,
to unemployed workmen in Paris and other large
towns. A commission has been appointed to examine
the claims of applicants. In an interview with the
committee the Minister of War announced that the
first detachment, consisting of 500 persons, destined
to form the first colony, will leave for Algiers at the
beginning of October, and other detachments will
follow every week. Everything has been prepared
for their reception in the colony. M. TRELAT has
been chosen President of the Committee, and M.
DIDIER, one of the representatives of Algeria, Vice-
President.
ARRIVAL OF LOUIS NAPOLEON IN PARIS.
HIS APPEARANCE AT THE NATIONAL
ASSEMBLY.
The National Assembly met yesterday at the usual
hour, and considerable excitement was produced by
the announcement that Louis NAPOLEON was in
Paris, and was about to take his seat. A slight
movement was perceived in the neighbourhood of one
of the side doors of the hall of the Assembly, and
Prince Louis NeroLzoic entered and took his place
on the left between M. VIEILLARD, formerly his
tutor, and M. HAYIN. For a while the sitting was
in a measure suspended, for though M. MARCEL
BARTUE went on with his remarks, not a word could
be heard.
The President—l have to call on lion. Represen-
tatives to keep silence.
With some difficulty order was restored.
M. Marcel Barthe proceeded with his observations
in favour of a single Chamber, but was totally un
attended to.

have brought me into this Assembly be certain that I
shall endeavour to justify their votes, in labouring
with you for the maintenance of tranquillity—that
first necessity of the country, and for the develop-
ment of the democratic institutions which the people
has the right to demand.
" Long have I been prevented from devoting to
France only the meditations of exile and of captivity;
at present, the career in which you are all advancing
is open to me. Receive me, my dear colleagues, into
your ranks with the same sentiment of affectionate
confidence that I bring with me here. My conduct.
always inspired by duty, always animated by respect
for the law, my conduct will prove, with respect to
the persons who have endeavoured to blacken my
character in order again to proscribe me, that no one
here more than myself is resolved to devote himself
to the defence and freedom of the Republic."
This address was received with some slight ap-
plause, but nothing worthy of remark. The lion.
Representative withdrew to his place, and the inci-
dent concluded.

There was no demonstration whatever in the streets
as Prince Lours NAPOLEON went to the Assembly.
M. GENT, the newly-elected Member for Van-
clause, has been killed in a duel by M. LEON DE LA..
HORDE, the editor of the Parti-Pretre paper L' Union
Nationale, which is published at Avignon.
A Socialist conspiracy for the assassination of Ge-
neral CAYAIGNAC has been discovered, and eight of the
principal conspirators arrested.
BOURSE—PARIS, TUESDAY, SEPT. 26.
THREE o'CLocK.—This has been another exceedingly
dull day at the Bourse, and the prices both of Rentes
and Shares remain nearly the same as yesterday. There
were no rumours of any kind, and the only subject that
appeared to cause any sensation was a rumour, which
turns out to be correct, that Louis Napoleon had taken
his seat in the Assembly. For the Account, the French
Three per Cents. have risen 15c.; Five per Cents. have
risen 15c.; the Loan has risen 25c. For Money, the
Three per Cents. have fallen 10c.; Five per Cents. have
risen 50c.; Loan has risen 50c.; Bons du Tresor are at
22 dis.; ank of France shares have risen 10f.; Belgian
Bsa n k Sh
(a3r es not Five per Cents. are the same
a
Funds not quoted. Exchange on
ditto (90 days), 25f. 17ic.
London
yesterday;
d ay Spanish
s 2 5 quoted;f.32c.;
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, SEPT. 26.
Boulogne and Amiens,- 6—Northern of France, 6%—
Orleans and Bordeaux, %.

SPAIN.
We find no news in the Madrid journals of the
21st.

SWITZERLAND.
A letter from Lucerne announces the death of
M. J. C. AMRHYN, formerly avoyer of the Canton of
Lucerne, and who, from 1815 to 1840, was almost
without interruption President of the Swiss Diet. He
died on the 18th inst., aged 71.
The Gazetta Ticinese, of the 22d, announces that
the Diet has named a commission of five members, to
give an answer to the third note of RADETZILY.
The deputy of Geneva proposed that the
Diet should not enter into direct corre-
spondence with RenETzxy, but address itself to the
Minister of Foreign Affairs, at Vienna, to know
whether the hostile measures against Switzerland have
been adopted by his order; if so, Switzerland must
consider them as a declaration of war ; if not, the
Minister should be called upon to suspend such mea-
sures immediately. Geneva was of opinion that the
Diet ought immediately to form a body of 20,000
men. The Zurich Gazette speaks of extraordinary
measures taken by RADETZKY against the Canton of
Tessin. The subjects of that canton are expelled
from Lombardy, and their establishment broken up;
all communication by post is interrupted.

" 1. The Sublime Ports refuses to acknowledge the
deputation in a legal or official character.
" 2. The guarantees given by Suleyman Pacha engage
the Porte in such a sense, that it declares null and of no
effect all that had hitherto been done in the principality.
"3. There is no salvation for Wallaehia but under the
special condition that every trace of the revolution
should be effaced; that the nation should by a solemn
act disavow the principles it has proclaimed and acted
upon in the principality, abandon itself entirely to the
absolute discretion of the Sublime Porte; that the lieu-
tenantcy general recognised and constituted by Suley-
man Pacha, should declare itself rebel, criminal, and
guilty of kzdt suzerainetd in the face of the country and
of all Europe.

ments for the capital now lying idle and unpro.
ductive.

As railway property has been the most depreciated
it is almost certain that the reaction will be the
greatest therein. Indeed, there is no possible reason
why it should not be the case. For what other species
of investment can six per cent. now be obtained, and
that can be procured in the best lines, and at the
lowest dividends that have been struck for
many years past? These dividends will not
only be maintained, but in almost every in-
stance a considerable increase may be looked
for, with the greater degree of commercial activity
that is approaching, and also with the new branches
that are coming into daily operation, and which will
act as feeders to the main line. The reports of all
the leading companies that have recently been pre-
sented to the half-yearly meetings of shareholders
hold out the strongest hopes of better times and
greater prosperity rapidly approaching. We would
strongly reccommend all persons interested, before
they permit their property to be sacrificed at the pre.
sent most inadequate prices, either by the sale of
their shares or by neglecting to pay up
the calls that may be made thereon, and their conse-

"4. On These conditions the Sublime Porte declared
itself ready to introduce such ameliorations as it thought
necessary.
" Truly we must assure your Excellency that
between the of Fouad Effendi and the tas•
surances we had previously received from Suley-
man Pacha, there was a deep chasm. Your excel-
lency will permit us to add, we were in no wise
astonished at this language. It became evident that it
was not the Sublime Porte that had changed, but that
circumstances were no more the same, and we are more
assured than ever that the dispositions of the Sublime
Porte are still as favourable towards milts formerly. The
Sublime Porte, in persisting in its reiusal to recognise
the Wallachian deputation, by sending a new Commis-
sioner to the principalities, imparts to its policy a vacil-
lation which will astonish Europe, and at the same
time produce disaffection among the faithful vassals of
the Sublime Porte. How are we to assure the people
that the Sublime Porte is not at liberty to keep the en-
gagements made in its name by its plenipotentiary ?
How are we to explain that the Sovereign who imposes
the duties on the population—the most remote from all
notions of civilisation—allows to subsist in the most en-

quent forfeiture, to examine carefully the position
and prospects of the company to which they belong,
and they will then speedily discover how absurd are
their fears, and how subversive to their own best

lightened province of his empire a state of things worthy
of the barbarism of the middle ages ? In conse-
quence, the people—strangers to all the complications
which have neutralised the good intentions of the
Sublime Porte, and unable to comprehend that
though their rights are secured by treaties, the
Sublime Porte is not possessed of power to enforce
them, will perceive that the usurping influence of Russia
is at present the only master of the destinies of the Wal-
lachian people. They, further, will be made to under-
stand that Suleyman Pacha has deceived them by vain
promises, which he knew beforehand would not be re-
garded, but whose intention, by procrastination and de-
lay, was to concentrate troops, which he ordered to ad-
vance from all parts of Rumelai. The people, rendered
distrustful by these deceptions, will perceive that they
have fallen into a snare by accepting the recent over-
tures which were made to them. Who can tell to what
excesses the populace will be carried when it finds the
ancient order of things reinstated ? The Sublime
Porte surely has not forgotten the recent intttues of
Russia in Galata—the attempts that were made to excite
the Greeks against the Turks. The incredible efforts
which are being made at present to excite anarchy and
disorder in the principalities will finally be suppressed
by the armed intervention of Russia, and thus will Russia
soil the fairest jewel of the crown of our beloved Sove-
reign, if it cannot pluck it for its own use."

interests, and suicidal is the policy that would lead
to such a course.

On a future occasion we shall be prepared to show
;hat the expenditure upon the construction of rail-

ways could not, under a proper monetary code, in any
degree have injured the commercial interests, on the
contrary, that the parties to whose spirit and enter-
prise we are indebted therefor, are national benefac-
tors in the highest degree, and deserving of national
gratitude.

THE FRENCH REPUBLIC,

We have received the Paris papers of yesterday.
The announcement of the arrival of Prince Louts
NAPDLEON in Paris on Sunday was premature. The
Assent()lee Nationale says—
" Louis Napoleon was expected yesterday in Paris,
an apartment having been engaged for him in the Rue
Tranchet. The National was, therefore, ill informed in
announcing his arrival. He has left London, but is de-
tained on the road by serious indisposition ; his family
themselves are ignorant of where he is or when he will
arrive. The Prince intends to make the journey in the
strictest incognito, and not to make known his arrival
until he takes his seat as representative. There was a
report current in London that he would be arrested on
arriving in Paris. Several of his partisans who had in-
tended to have got up a kind of ovation in his honour
have given up the idea. The success of his candidateship
in France drew towards him a crowd of courtiers of a
secondary order in London; in order to escape their
importunities he was compelled to receive the visits
of his friends at the house of a Madame B. The
Government has adopted the most energetic measures
to oppose any attempts at an ovation in favour of
Louis Napoleon; it has assured itself of the feelings of
four battalions of the Garde Mobile and of the Garde
Republicaine, who, it is said, are determined to fire on
any one who may raise a cry of Vive I'Empereur!'
The Garde Marine and the Gendarmerie have been also
held in readiness to support the Garde Mobile. All the
troops are ordered to be on the alert, and cartridges
have been distributed at all the barracks. General Ca-
vaignac and his council appear determined to offer an
energetic resistance against all attempts. Persons who
are generally well informed on the subject declare that
on the first occasion of any bloodshed in consequence of
the presence of Louis Napoleon, the General will demand
of the National Assembly the banishment, not only of
the Prince, but of all his family. It appears that the
Napoleonist party, instead of meeting any support from
the Red Republicans, would meet with a decided oppo-
sition from them. The Government fears that under
pretence of fighting for the Pretender the Republicans
of Juno would assemble in arms, and become, after
gaining success, more formidable than before their late
defeat."

The Turkish Government is dispatching troops to-
wards the frontiers of Wallachia daily.

ITALY.

TUSCANY.

The insurrection at Leghorn is completely sup-
pressed, and the town has returned to its allegiance to
the GRAND DUKE, who on the 17th issued an order
of the day, permitting the National Guards of Pisa
and of other places to return to their homes, as there
was no further occasion for their services at Leghorn.

The President—The tribune is to M. Clement for
an election return.—(Deep silence.)
M. Clement said he had been charged by the ninth
bureau to declare that the election of Louis Napoleon
Bonaparte, for the department of the Yonne had been
perfectly regular, and there was no opposition or pro-
test sent in. In consequence the bureau recom-
mended to admit the citizen Louis Napoleon Bona-

parte provisionally, until he should custify his age
and nationality.—(Marks of disapprobation ; noise ;

cries of " Sena the'case back to the bureau, and let a
proper declaration be made.")
The President—The Hon. Representative ought to
speak clearly and categorically on the case.—(Cries
of " Yes, yes," and uproar.)
M. Vivien—The bureau was quite clear about the
validity of the election. All the gentlemen present
belonging to the bureau were of opinion that a pure
and simple declaration in favour of the admission
might perfectly well have been given in. The ob-
stacle to such a course was, that certain susceptibili-
ties were felt by the Assembly on the subject. Public
notoriety as to age or nationality could, certainly in
a case like this, supply the place of documents.—
(Hear.) He proposed, therefore, that the election be
proclaimed valid and the citizen Louis Napoleon Bona-
parte be admitted forthwith.—(Cries of" Yes, yes !")
The President—ls there any opposition ?—(Cries of
" No, no.") Consequently I proclaim that the citizen
Louis Napoleon Bonaparte is admitted as a member
of the Assembly.

It would appear from the Reforme that Prince
Louts NAPOLEON cannot reckon upon the Red Re-
publicans for assistance in the furtherance of his
ambitious projects, should he entertain any such.
That journal emphatically warns all true Republicans
against a Russian plot for restoring monarchy in
France, and pla _ling a Bonaparte on the throne.
The Moniteur du Soir officially contradicts the
statement which appeared in the National, that four
French steam-frigates had arrived at Venice with
4,000 men.

Prince Louis Napoleon Bonaparte they rose in his
place and said, I demand permission to speak.
Voices from all sides—" To the tribune, to the
tribune."

Prince Louis Napoleon Bonaparte then ascended
:he tribune, and read with a firm voice the following

It would appear from a statement in the National
that the French citizens inhabiting Pesth have offered
their assistance to the Hungarians, in their struggle
against the reactionary attempts of the Ban JELLA-
cnica and his semi-barbarous Croats, who are endea-
vouring to establish in Hungary by force of arms the
despotic rule of the Emperor of AUSTRIA. The
National says...-
" The Hungarians know that it is prudent for them to
count on their own patriotism; but the war that they
sustain is so truly the struggle of liberty against abso-
lutism, that allies spring up about them to march by
their side against the common enemy. Corps of Mutt-

address :

"Citizen Representatives—
"lt is not permitted to me to guard silence after
the calumnies of which I have been the object.
" I require to express here, frankly, and on the
first day when I am permitted to sit amongst you,
the true sentiments which animate me—which have

always animated me.
" After thirty-three years of proscription and exile,
lat last recover my country and all my rights of a
citizen.

" The Republic has given me this happiness; let
the Republic receive my oath of gratitude—my oath
of gratitude ; and may my generous countrymen who

THE SUN, LONDON, WEIMESDAY EVENING, SEPTEMBER 27, 1848.

RIRALYI, Count ALEXANDER ERDOOLT, NICHOLAS
VAT, EOTOOS, MESSAROS, and DCONYS KEMENEY.
The list has been coldly received. The Ministerial
President being asked why he had read only seven
names while there were eight portefeuilles, replied
that the eighth was
.not yet decided on.—Prussian
States Anzeiger, Sept. 24.

POLAND.
The Russian troops again occupy Kalisch. It is
said that the Poles in Posen contemplate making
another demonstration in favour of Polish nationality.
LIBELT and PALLAU have been for several days in
Posen. The Prussian General keeps the garrison
constantly under arms, and the guns of the citadel
mounted.

The cholera has broken out at a small town seven
miles from Posen, and GO persons have died of it in
two days.

WALLACHIA AND MOLDAVIA.
The deputation fromWallachia to the Sublime Porte
addressed the following memorandum to the Turkish
Minister for Foreign Affairs on the sth :
" Excelleney,—The unexpected refusal of the Sublime
Porte to recognize the deputation commissioned by Su •
leyman Pacha to deposit at the foot of the throne the
grievances of the Wallachian nation, the false position
this refusal has placed us in, the deceitful and slande-
rous interpretations which have been occasioned, and
especially the communication made to us by Fouad Ef-
fendi last Sunday, has put us to the necessity of break-
ing the silence we were desirous of maintaining until
the Sublime Porte had formally made known to us
its final resolutions in our regard. Your Excellency
will, in consequence, permit us to retrace the acts
of the Wallachian nation to some weeks previous to
Suleyman Pacha's arrival in the principality. A revo-
lution, undertaken in the name of the rights of huma-
nity and of moral order, and ordained by the special
decrees of Divine Providence, broke out some weeks
previous to his Excellency's arrival. This revolution,
which it would have been next to an impossibility to
delay, has in no way endangered the rights of existing
treaties, either internal or external. In fact, no change
whatever was made in the original order of things, with
the exception that an insignificant party, formed of the
minority in the country, was crushed by the legal pres-
sure of events. This minority, almost imperceptible in
the nation, sustained by Russia, but anti-national—an
enemy to progress or ameliorations, both in moral and
political order, was ready to sacrifice all to recover its
ancient privileges. Such was the state of things when
Suleyman Pacha, as Commissioner, arrived in the
principality. Notwithstanding the legal manner in
which the revolution had been brought about—
notwithstanding the submission of the Wallachian
nation to the Sublime Porte, Saleyman Pacha considered
that the initiative made by the people was an attempt
to infringe the rights of sovereignty of the Divan, and
instantly repaired the dissolution of the Provisional
Government, and the annihilation of all its acts. This
was exacting much, but nevertheless the will of the
Sublime Porte was obeyed in this, as in every othersub-
sequent measure which was considered requisite for the
maintenance of its rights. Suleyman Pacha must from
this period have fully conceived the true motives of the
revolution, though foul misrepresentations were made to
persuade him it was an attempt to overthrow both social
and political order. Among the twenty-two articles
which the Wallachians desired should become the basis
of their new organisation, he himself noted such points
as required correction ; and suppressions and modifica-
tions were made at his own special demand. Subse-
quently, Suleyman Pacha, knowing the spirit of justice,
which characterises his Majesty the Sultan, expressed
his hope that a deputation of five members, to be chosen
by the Wallachians, would proceed to Constantinople,
and submit to the sanction of his Highness the new con-
stitution, such as it had been modified by common con-
sent. Under these auspices, and with the formal gua-
rantee of Suleyman Pacha, the deputation set off for
Constantinople. We beg pardon of your Excelleney for
having troubled you with details totally at variance with
the object of this petition, but they are necessary to
establish the character of the deputation. Immediately
on our arrival here the Constantinople papers announced
the expedition of a new commissioner to Bucharest, and,
in an interview we had with this Envoy, the verbal
communication resolves itself under the following heads
viz.;-

1 MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
In the Cotton Market at Liverpool yesterday there
was nu alteration, business bting very quiet. Sales,
3,000 to 4,000 bales. Anierican 3d. to 6kd. per lb.—ln
Railway Shares there was no improvement.
The continental news received to-day does not appear
to be of special import. In .Germany affairs
are in a state to excite well-founded appre-
hension, and intelligent natives of that coun•
try, with whom we have the opportunity of daily
converse, deplore most unfeignedly the atrocities com-
mitted in the name of liberty. The same is the case
with respect to Sicily. and unless the voice of humanity
is loudly raised, and by the popular leaders too, in de-
nunciation of such savage crimes, civilized nations will
have to blush for deeds that would disgrace barbarians.
By the ship Britannia, from St. Petersburgh, a cargo
of block ice, the first imported from Russia into this
country, has been received by Messrs. Keeling and
Hunt. The principal object in sending ice at this ad-
vanced season of the year is stated to be not so much
with a view to its sale, as for the purpose of testing its
quality compared with that received from America and
Norway.
Accounts from Canada notice that Sugar is unprece-
dentedly low, both in New York and Halifax ; in the
latter place it is quoted at 17s. 63. to 18s. 9d. in bond.
The rate in Montreal is nearly as cheap, with the duty
added, the price at a recent auction being 37:=. 6d. to
395. 9d. At the same sale, Molasses brought Is. 5d ;
Twankay Tea is. Id. to Is. 2d. Two or three schooners,
laden with Fish and Oil, have arrived, and their car-
goes been disposed of. Mackerel is low this year.
We are told also in the same accounts that the Go-
vernment debentures appear to be in no high estimation.
The superintendent of schools for the Prince Edward
district was paid the Government allowance in deben-
tures, but could only exchange them by giving 3i per
cent. discount. It is said that in Upper Canada some
will not take them unless at ten per cent. discount.
From this it seems that public credit is at a low ebb.
Halifax (Nova Scotia) papers state that since the late
heavy rains the potato vines have become green again,
with prospects of a good and healthy yield. This is a
new fact in the progress of the rot, Which we do not re-
member to have seen noticed in any other country.
The Stock Market is flatter to-day, and business is
very dull. There will be Jewish holidays to-morrow
and during the rest of the week. Consols have been
86i -I, and since down to 86 to ff. Exchequer-bills
realise 30s. to 335. premium.
In the Foreign Market, the dealings have been at
prices exhibiting no marked alteration. Spanish Five
per Cents. 111 to 12, and the Three per Cents. 224 to
231. Portuguese Four per Cents 23i, and Brazilian 75
to 76. Dutch Two-and-a-Half per Cents. 44i to 451.
Railway Shares have been rather lower, and with less
inquiry. Eastern Counties 12! to 13, Great Western
79 to 80, North Western 109 f to 110 f, Midland 83i to
84i, &c.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
3 per Cent. Consols Anna 86%14 86
India Stock
Do. Bonds, 10001 3O 29 p
Bank Stock for Account 193
Consols for Account
Exchequer Bills. 21hd. 2d.
March. June.
1,000/.
5001. 33 30 p 26 p
Small 3l p 26 29 p
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent
Ditto Small
Ditto New Bonds, 1829 and 1839 75 76
Chilian Bonds, 6 per Cent ...... .. ~ 861
Ditto 3 per Cent 46%
Mexican Bonds, IM6, 5 per Cent. 1714, 17
Portuguese Bonds, 5 per Cent 67
Russian Bonds. 1822, 5 per Cent 9934
Spanish Bonds, 5 per Cent,lB4o
Ditto Passive Bonds 2%
Spanish Bonds, 3 per Cent 2346
Dividends on the above payable in London.
Dutch 2 per Cent.,l2 Guild 44% 45
BUSINESS DONE IN RAILWAY SHARER AT ONE O'CLOCK
RAILWAYS. PAID. Pt& SnAze.
Aberdeen
Amber., Notting., Boston, &c 33/4 —
Ayrshire and Galloway 2% to
Belfast and County Down .. 17% .. ..
Birmingham & Oxford June... 20
Birmingham, Wol., & Dudley 10 ... .
Binning., Wol., & Stour Val. 131.145....
Birkenhead, Lancashire, and
Cheshire Junction lO
Boston, Stamf., & Birming... 5
Bristol and Exeter
Do., Thirds
Buckinghamshire..
Caledonian
Ditto, Half Shares -
Ditto, New 101. Preference 2% 2 ...... to
Ditto. Clydesdale Junction 5()
Chester and Holyhead 471%....
Ditto, Preference
Clarence.
Do., Ist Class, 6 per Cent... 10
Do., 2d Class, 5 per Cent... 10
Do., Gov. Loan, 4 per Cent. 10
Direct London & Portsmouth 514 — to
Dahlia and Belfast Junction.. 30
Dundalk and Enniskillen ... 20 ...... to
East Anglia, 251. L. & E.,
and L. & D
Ditto, 181.,E. & II l5
Ditto, 31. 103., E. & H... 3%
Eastern Counties
Do. New Guarant. 6 per Ct. 7% to
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d...
Do., do N 0.2,61. 135.4 d... ...... to
Do., Northern & Eastern... 50
Do., 5 per cent. SO
Do., Quarter 12',.....
Do., New
Eastern Union, Class A (late
E. U. Shares) ... .. 25
Ditto, ditto, Class A, ditto 1
Ditto, do, Class B (L & B) DJ
.... .. __..

,
Ditto, do, Class C,. ditto... 171
Ditto Scrip (gua. 6 per ct.) 10 ......
Ditto, ditto ......... ........ 20 ......
Ditto (C. & E.), 5 per ct. 214 —
East Lancashire
Ditto, New
Do., New Quarters
Do., 6 per Cent. Preference
Quarter Shares
East Lincolnshire
Edinburgh and Glasgow
Ditto, Half Shares
Ditto, Quarter Shares 121,4 —
Edinburgh and Northern ... 25
Ditto, New ..... . ....... ...... 614 — ...... to
Ditto, New port.. ... ...... .. 13
Ditto, ditto, New 3% — ...... to
Exeter, Yeovil, & Dorchester 2% — ...... to
Ditto, New ...
Glasg.,:Dumfries, & Carlisle..B4 68.8 d... to
Glasgow, Kilmarnock, & Ayr 50
Ditto, New
4
Do. Preference Consolidated 15 .—. —5
to Vs
...
Great Northern ... 17
Do. London & York Eaten. 21,¢ — •••••• to
Gt. South. & West. (Ireland) 42% — ••
..to
Great North of England 100
Ditto, New 404 4O -
Ditto, ditto ....
Ditto, New 30/
Ditto, New 154.•••• ••• ......
Great Western
44 ... to
Ditto, Quarter Shares
20
Ditto, Half Shares ..... - ..... 1::11
Ditto, Fifths — ...... to
Do. New 171 l3 - ••• —... to
Huddersfield and Manchester 28 ‘,. .. _
...... to -...
Ditto, Thirds 9 ......
[lull and Selby 5O ...... . ..... to
Ditto, Half Shares .. - ...... to
Ditto, Quarter Shares - 12% —
to
Lancaster and Carlisle.... ... 50
Do., Thirds...... lO
-- ...... to
Lancashire and Yorkshire ... 93
Ditto, ditto
Ditto Half Shares
- 43 ...... -- •• .•• to --
Ditto Quarters ......... 17% lO ..... to
Ditto Fifths ........... .. ..... 9
Ditto Sixteenths ........... 614 ..• . to
Ditto Thirds (Reg.)
Do., New Guar. 6 per cent. 5
Do. Liverpool and Bury... 43
Do. (Rudders. and Shelf.) 43 - -... to
Do., Wakefield, Pontefract,
and Goole
Do., West Riding Union... 6 .... •
Do., Preston and Wyre ... 25....
Do., do., Half Shares (A) 94 ........ ..
to
Leeds and Bradford
Leeds,Dewebury,& blanches. 50 .....
Do., Half Shares
--
Leeds and Thirsk ...-..•
Ditto, New ..... ... ...... .. 30 . -... to
Do.,do.,Prefer., 6 per Cent. 3%.
Liverpool, Crosby, and Soul h-
port.. ......... ....... 3% - ... to .
Liverpool, Manchester, and
N ewcastle Junction
London & Blackwall ......134 6s. 8d —
Do. Extension
_ _.

......
...
to
Ditto ttt:o ;
Lond., Bright., & South Coast 50 -
Do. Guaranteed 5 per Cent. 9 . •••
Do. Pref. Cony. 5 per Cent. 50
Ditto, ditto 1852 50 .., ...
Do., New, guar. 6 per cent. 4 ...... ...
LLondon and Greenwich... 12/.152. 4d... -.- •• to
Ditto Preference lBl 178 '2d... —....— to
London & North Western.....loo llO 109% to 110%
Do. Quarters (L. and B.) 22
Dl. New ,
Do. Fifths
Do. 401. Shares.....L. & M 25 ......
Do. 10/.... M. and B. (A.) 9 ...• •
Do. 10/. .. M. and B. (13.) 9 ..... —.
302i/21,; ... tott —3-8:1i
Do. 10/.... M. and B. (C.)
London and S. Western...—. 501 ......
421- .. 27% to
Ditto, New 504
Ditto, New 40/..... ..... .. .. 34
Do. Tenths (Consolidated) 50
Do. Tenths (Consolidated) 40 •
to
Ditto. Thirds •... ...... .11/. 138.4 d ... 5% die. to
Do., New Scrip, 1848, Pref.
7 per Ct. on Deposit and
5 per Ct. on Calls .....1/. 13s. 4d.... !,‘ dis. to —.
London, Salisbury, & Yeovil 1% — ...... to .—.
Londonderry and Coleraine... 27% — •••••• to —.
Ditto (guar. 6 ..... to --
LLoowndeostnodietrry(
guaanrc.l
4Ernenrisckeinllte.3
2205
....
...... to
per cent. ... 8
%tench. Buxton, & Matlock 4 •
•14 ...... to
Alanchr, Sheffield, and Linc.100
Ditto 14 Shares ( No. 1) ... 18
25
......
.. .. ..
tltoGo =Ditto, ditto (No. 2)
Ditto, ]th Shares (No. 3) 7%...
.. :
Do., New 101. Preference lO
Ditto Grimsby ...
DittoDD tt
tt
oo
: Sddhiittottfooll'eld::::an.d.: ..................
•L.:
...... to
%
Ditto, Giurafinn.sbzil),ino.ckun.ioi.i.
4171.11(22; .....
Mid1and........ ........... . ..100 * —B4 83% tttooo 8=414
Ditte, Consol. Preference...loo ...... 107% to
Ditto, 501. Shares