The Sun.
London, England, 1848-03-03 00:00:00

IRELAND.

FURTHER GREAT FALL IN THE FUNDS.
Dunux, FEB. 28.—The intelligence of the establish-
ment of a Republic in France, received this morning,
produced a most extraordinary sensation in Dublin, and
there was a complete panic on the Stock Exchange this
afternoon. Consols, which closed on Saturday at 864,
were first sold at 82, and finally closed at 81/, a decline
of nearly 4i per cent. Three-and•a-Quarter per Cents.
criyened to-day at 83, sunk rapidly to 82, and closed at
811, the same price exactly as Consols. The fall in the
Three-and-a-Quarter per Cents., on the closing prices
of Saturday, was 4i per cent. The fall in Bank of
L; lend Stock was 44 per cent. Little or nothing was
din in share's of any kind.

DESTITUTION.----ABANDONMENT OF FARMS.
The accounts from some of the western districts are
becoming really alarming. The Galway papers give
'ost painful statements of destitution and mortality,
chiefly caused by the " clearance" system.
Tne Galway Vindicator says:—" We have to•day in
our county prison 997 prisoners, in a house originally
built for the reception of only 110 inmates. The num-
ber of deaths in the gaol are 25 since Sunday last, and
16 since the first of the month. Our poor-house, origi-
nally intended for 800, now contains 1,105, with 242 in
hospital, and 30 deaths, during the week. The fever
hospital is filled to overflowing, and death has upon
his record 73 victims in the week, or upon an average
11 per day."
The same journal adds—" The small farmers and
holders of land in the neighbourhood of this town, in all
directions, alarmed at the enormous high amount of
poor-rates and taxes, and the ruinous low prices of
g rain, are giving up their holdings to their respective
landlords. This will bring on, at least in this doomed
district, a third year of famine, starvation, and death.
The land will not be tilled. The number of paupers will
be doubled, increased rates will fall on a more limited
number, until at length, beat down from the pressure of
rates and taxes, the people of the west of Ireland will
become one mass of paupers."
MOST HORRIBLE OCCURRENCE.

The Sligo Champion announces a most afflicting and
tragical occurrence:—" On Friday evening (says that
journal), Mrs. Armstrong, of Ballincar (a lady most re-
spectably connected), in a fit of temporary insanity,
drowned herself and her three young children. She tied
two of them on her back, took the third in her arms, and
deliberately walked into the sea. They all perished.
We have barely time to make known the deplorable
transaction, which has thrown the deepest gloom over
the whole town."
ALTAR DENUNCIITIONS.

The following very remarkable letter from the Right
Rev. Dr. Kennedy, Boman Catholic Bishop of Killaloe,
appears in the Dublin Evening Post:—
" Deer-park, Six-mile-bridge, Feb. 26, 1848.
" My dear Sir,—My conduct, as well as my motives
for it, towards the Rev. Mc. Nolan, of Monsea, have
been to very injuriously misrepresented, as well in
some of the metropolitan journals (unintentionally, I am
sure, on the part of their proprietors), as in a local
paper, to which I am sorry I cannot concede the same
indulgence—that I feel it my duty, with your kind per-
mission, to set myself right with the public on both
heads, in your next publication of the Evening Post.
`• It has been a rule of this diocese for the last seven or
eight years that no priest, curate, or pastor should
attempt, under any pretext whatsoever, to indulge in
invective against, or denounce from the altar, or the
pulpit, any person, without my permission, or that of the
vicar of his district.

" This rule, sir, was made by me ; and here, in justice
to th© respectable clergy of this diocese, I feel bound to
state, that in the establishment of it I was influenced
chiefly by a desire the more effectually to restrain this very
rev. ientleman from the indulgence in an inveterate,
and, as it would seem, an incorrigible propensity. I
will not now say how often, since the promulgation of
this rule. the reverend gentleman has been called to ac-
count by me for his violations of it; but this I may not
omit, that about twelve months since, more or less, I
felt it to be my duty to compel him to make a most hu-
miliating apology, from the same alter from which he
assailed him, to a Mr. O'Keefe, a miller, and one of his
parishioners, who complained to me that his life
was placed in imminent peril by his unpro-
voked attacks upon him from the altar and
in other places. On this occasion I delared to
the Rev. Mr. Nolan that, should I ever again receive
proof of such an offence against him, I was determined
forthwith to deprive him of the administration of his
parishes for ever.
" Thus were I and the rev, gentleman circumstanced
when the police report was ordered by his Excellency
to be placed before me ; and it was so done, unac-
companied by a single suggestion, or an observation
of any kind. Now, Sir, had the complaint conveyed
in that report been made to me by the humblest man
in society, I most certainly would have paid to it
the same prompt attention that I paid to that of
Mr. O'Keefe—a gentleman not even personally known to
me. And are the public to be told that, because it was
made known to me by the highest authority in the
kingdom, I should have taken no notice whatsoever of it?
or is it to be broadly insinuated, that I have acted under
corrupt influence, to the great joy and exultation of the
enemies of Ireland, tt7.d to the sore mortification and
deep•distress of her friends? But, from such friends, I
say, Good Lord deliver us,'—
"'Non tali auxilio, non defensoribus istis.'

" The investigation of this complaint was necessarily
delayed until the 10th of this month, the police officer
who made it having been obliged to attend the special
commission at Clonmel. On the 10th I arrived at
Nena'h, accompanied by the Very Reverend Mr.
Kenny, parish priest of Castleconnell, whom I took
with me, for the double purpose, as I told him, of
being a respectable witness of my conduct in the
transaction, and of deputing him to Mr. Nolan with
the following communication from me, viz.:—' That,
if he was innocent of the charge preferred against
him, he should undoubtedly vindicate himself, and repel
it; but, if guilty, that I advised him that his only
prudent and proper course was at once to submit, pro-
mising him that, in that case, I would not put in exe-
cution the threat of depriving him for ever of the
administration of his parishes.' To this communication
the Very Rev. Mr. Kenny brought me the following
reply:—' That Mr. Nolan would at once submit, if I
would give him an assurance that I would not suspend
him,' and this ass Tance I most emphatically refused
to give him. Mr. Nolan then came to me with
Mr. Kenny to confess his offence, and perceiving that he
was somewhat disposed to shuffle, I desired that he
would give me a distinct answer—yes or no—did he use
the language charged against him in the police report,
which I read for him, or any language of similar im-
port? His answer was that he did use language of
similar import,' and this was in the presence of the Very
Rev. Mr. Kenny and Mr. O'Dell, sub•inspector.—
Believe me, my dear, sir, your faithful servant,

k P. KENNEDY.

"F. W. Conway, Eig."
REPRESENTATIoN of SLIGO.—On the speculation o
a vacancy, there is active canvassing in the borough o.
Sligo. One section of the electors have determined to
support Mr. Charles Townley, an English Roman Ca-
tholic. Mr. R)grr Walker is also a candidate.
INSOLVENCY AMONGST IRISH FARMERS.—The Dublin
Gazette of the 15th instant contained the names of 55
insolvents (including 40 farmers) for the county of Tip-
perary. The Gazette of the 18th contained 26 insol-
vents (including nine farmers) for the city and county of
Limerick. The Gazette of the 22d contained a list of
32 insolvents (including 19 farmers) for the county of
Cl.,re; and the Gazette of Friday last contained the
names of 28 insolvents (including four farmers), whose
cases are to be heard at Galway on the 11th of March,
and 39 insolvents (including 26 farmers) for the county
of Cavan.