The Sun.
London, England, 1848-01-19 00:00:00

EVENING, JANUARY 10, 1841,

KADER'S being detained in France, he will not be
placed at Bourges, as was at first talked of, but at
Villedieu, in our department. The château of M.
MASSON will, it is said, be taken for this purpose
by the State, and prepared for the reception of the
ex-E mir."

The Chamber of Deputies met on Monday for a
short time, and the Address as drawn up by the
Committee was read. The reform banquets are stig-
matised in the same words as in the Speech. This
paragraph gave rise to a warm discussion in the Com-
mittee, the particulars of which are thus given in the
Presse

" When the paragraph referring to the reform
banquets came under discussion, three of the Members,
Messrs. Plougoulm, d'Angeville, and Cousture, find-
ing that the reporter (M. Vitet) had drily repeated
the expressions of the King's Speech, blind and
hostile passions,' thought proper to remonstrate
against the dangerous tenor of the paragraph. The
Hon. Members suggested the propriety of drawing it
up in a less offensive form, and of establishing a
formal distinction between the real wishes of the
nation and the exaggerations of certain blind and
hostile passions.' After a long and somewhat stormy
discussion, Messrs. Plougoulm, d'Angeville, and
Cousture, resolved to withdrnw their proposition,
but almost immediately afterwards they, to the great
astonishment of their colleagues, submitted an addi-
tional paragraph, in which they expressed a hope in
favour of a desirable change in the present state of
public morality.' The result of this second proposi-
tion was as unsuccessful as the former ; it was re-
jected by a majority of 6to 3. We have been as-
sured that Messrs. Plougoulm aid d'Angeville have
announced to the Committee their intention to move
from the tribune an additional paragraph on public
morality during the discussion on the Address. M.
Cousture abstained from concurring in that declara-
tion. Should Messrs. Plougoulm and d'Angeville
persevere to the last in their courageous resolution, it
is more than probable that the Ministry will hasten
to make some slight concessions on that point, in
order to avoid a discussion which would derive a fear-
ful importance from recent circumstances.
"The Committee has introduced into the Address a
paragraph on Italy to the same effect as that of the
Chamber of Peers, and another on Poland, copied from
one of the former addresses of the Chamber."
The Journal des Debats announces that the Govern-
ment will immediately bring in a Bill absolutely
prohibiting any agreement being entered into by
public functionaries for the resignation of their
offices.

The KING is recovering. His MAJESTY attended
mass on Monday. The grand Reform banquet of
the electors of the 12th arrondissement, fixed for the
19th instant (this day), has been prohibited by the
Prefect of the Police, but inasmuch as the banquet is
to take place in a private house, the electors contend
that the Prefect has no authority to interfere, and
they intend to assemble together notwithstanding his
prohibition.
The National publishes a long, but admirably
written, letter, by JOSEPH MAZZINI, in reply to the
atrocious calumnies uttered by M. GUIZOT, and com-
mented on by the Count DE MONTALEMBERT and the
Journal des Debats, against the principles and the
conduct of the Italian patriots.
The Constitutionne/, in commenting on the speech of
the Count DE MONTALEMBERT on the subject of Swit-
zerland, says—" The facts of the case furnish a sufficient
reply to the virulent accusations which Jesuitism
conquered and a Ministry embarrassed to justsfy its
policy have not ceased to direct against Switzerland.
On reading the report of the proceedings of the Diet
on the 14th inst., it is evident that the intelligence on
which M. DE MONTALBMBERT founded his discourse
was for the most part false, and that the assertions of
M. GUIZOT are not better founded than were those of.
M. DE MONTALEMBERT. The accusations brought
against Switzerland are vague, and specify nothing ;
the facts, on the contrary, are precise, and
prove that everywhere throughout the seven cantons
the clergy have excited the people to revolt ; that the
Papal Nuncio—the same nuncio who now comes to
protest against the results of that war—had the
misfortune to be one of the instigators of it, and
blessed the colours of the Sonderbund at Lucerne ;
that if some excesses have been committed, the guilty
have been already punished, or are at present under
prosecution ; and that the fines imposed on the
rebellious cantons were absolutely necessary to make
good the deficit occasioned by the plunder of the
public Treasury by the Sonderbund authorities, and
to defray the expenses of the war."
The fall in the funds which took place in Paris on
Monday continued that night until the Three per
Cents. fell to 73f. The cause of the panic was the
reported death of the KING, which being disproved,
they closed at 73f. 40c.
COURS AUTHENTIQUE.—PARIS, JAN. 18.—Five per
Cents., 115 f. 60c. 50c. 40c. 35c. 50c. 600.; Four per
Cents., 1001.; Three per Cents., 73f. 40c. 30c. 20c.
30c. 40c. 60c. 70c. ; Bank Actions, 3,1851. 3,180 f. ;
Rente de Naples (Rothschild's), 99f. 50c.; Romans,
951 ; Belgian Five per Cents, 1840, 99 ; ditto, 1842,
99i ; ditto, Four-and-a-Half per Cents., 92. Ex-
change on London, one month, paper, 25f. 50c. ;
three months, paper, 25f, 321 c.; money, 25f. 32ic.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE

LONDON STOCK. EXCHANGE, J. 18.
Boulogne and Amiens, 133x—Northern of France, 10%
ex int.—West Flanders, 1%.

THE PARIS BOURSE PANIC.
(From the Times' Correspondent.)
PARIS, JAN. 17, 1848.
It would seem that we have not seen the worst on
the Bourse. The Bears will have a fall at any price.
They succeeded yesterday in bringing down the
Three per Cents. from 74f. 15c. to 73f. 70c. on the
Bourse, and subsequently to 73c. in the Passage de
l'Opera. The chief cause of the panic I stated in
my letter of this morning, namely, an unfounded
rumour of the King's death. A person, who was
present in the chapel of the palace yesterday morn-
ing, at the celebration of mass offered in thanksgiv-
ing for the King's progress to recovery, assures me
that his Majesty looked in good health and spirits.
He wished, on leaving the chapel, to descend to the
garden, but was dissuaded lest he should again take
cold. The Queen of the Belgians left for Brussels
immediately after mass—that is to say, at nine o'clock
in the morning.
Although culpable reports respecting the King's
health may not be available any more for the Bears,
there appears an abundance of matter on which they
will not fail to act in aid of their " speculation for the
fall." One of these is the refusal of the police to
allow the Reformers of the 12th arrondissement of
Paris to dine together to morrow, while up to the
present the resolve of the Reformers to hold their
banquet nevertheless. Another is the certainty that
the threatened attack upon M. Guizot, for allowing
the sale of a place in the Finance Department to a
person name Petit, will be made in the Chamber of
Deputies on Thursday by M. Odillon Barrot. A
third is the equally certain fact that the forthcoming
discussion of the Address in the same Chamber will
be a conflict of life or death for Ministers. That they
will, after all, have a majority is more than probable,
but the effects of the struggle are looked to by their
friends with alarm.
Other doniestic circumstances, unconnected with
politics, have also contributed, and continue to con-
tribute, to the depression of the money market of
Paris—namely, the immense weight of the New
Loan ; unlucky speculations " for the rise," and the
consequent failure of very many persons who ven-
tured largely ; besides the vast amount of capital re-
quired to meet the calls of several railroad companies :
all these several causes have produced, and may yet
produce further disastrous effects upon the Bourse.
Although the market looked to-day as if likely to
recover, you will find that the Three per Cents. fell
a moment afterwards to 72f. 80c. This was, however;
ascribable in a great measure to the report that, in
addition to the large defaulter announced and (in the
language of the Bourse) " executed" yesterday,
others might be expected.
This recapitulation of the causes of the agitated
and desponding state of this market is not, however,
complete, for foreign political considerations further
enhance the prevailing gloom. The yet unsettled
situation of Switzerland—the actual state of Italy,
which you require not to be told is lamentable and
alarming--press heavily on the public mind. Revo-
lution or insurrection on a grand scale are not, it is
true, to be yet feared, but all the people of that
peninsula above the very lowest class are in a fever
of excitement. Thus predisposed, emeutes, or local
insurrections, whether urged by foreign or native
emissaries, are probable at any moment.
In the facts which I have here stated you have
the true causes of the alarming state of the Paris
Bourse. /hey will be acceptable, I trust, to all
connected with the money market, and they may
not be without interest for the general public, as
they necessarily comprise all the leading topics
discussed to-day in rave.

MONEY mid COMMERCIAL NEWS.
v
CITY, QUARTEIe TO THREE.
In the Cotton Market at Liverpool yesterday the
sales were 4,000 bales at steady prices. Railway Shares
were flair, with more disposition to press sales.
There is still some uneasiness experienced at the com-
plexion of the news from France and Italy, though no
doubt is entertained but that speculation has a great
deal to do with the rumours set abroad just now.
The produce markets are at the present moment rather
improving, but prices are still far below what was paid
by the agents of the importers at the place of shipment.
Advices of December 21, from Pernambuco, state that
extreme mistrust had been excited by the failures in
England, and that specie was likely to be sent forward
in lieu of bills. Produce had declined, but was still far
above the rates obtainable in England.
The Cape of Good Hope papers to Nov. 1 have been
anticipated by a previous arrival.
The Corn Market is:heavy again to-day.
It is gratifying to learn that the American States are
steadily improving in their financial resources so as to
afford every promise of meeting the claims upon them.
The Message of Governor Pratt, of Maryland, to the
Legislature of that state gives a brief statement of the
public finances. It appears that, by the operations of the
two years, ending December, 1846, the amount of in-
terest has been reduced to less than one million three
hundred thousand dollars, and during the past year
more than four hundred thousand dollars of arrears of
interest have been paid, leaving, on the Ist of Decem-
ber, an amount of interest to be funded of less
than nine hundred thousand dollars. The existing re
venue system is imperfect in many particulars, aal the
Governor recommends that the system be examined and
improved by the increase of the present, or the impo-
sition of other taxes.

This is " pay-day " in the Stock Exchange, and there
is rather more demand for money. Consols have fluc
tuated from 86j- to 87* for transfer, and from 86i to 874
for account ; New Three-and-a-Quarter per Cents. have
been 88 to 881 and the Three per Cents. 86i to 87-11.
Bank Stock has been as high as 1951 and 198. Exche-
quer-bills have been marked 245. to 275. premium, at d
India Bonds 1 s. premium.

The Foreign Bonds have been depressed. Spanish
Five per Cents. are 18k, and the Three per Cents. 28- to
294. Portuguese Four per Cents, are 25k. Mexica❑
have not been dealt in.

Railway Shares have been very quiet at about the
previous rates.

ONE CLOSING
PRICES OF BRITISH FUNDS. O'CLOCK. PRICES
Bank Stock ... 1951,4 198 198
3 per Cent. Reduced Anne.. 86% 87%% 87%,
3 per Cent. Consols Annuities.-- 8714 8674 871 h 87%
Sew 314 per Cent. Anne BBl/814 88 88% 88%
Long Anus. to expire Jan.lß6o
India Bonds, 1,0001.
South Sea Stock
Ditto Old Annuities
Consols for Account
Exchequer Bills. 3d.
1,0001.
5001.
Small
ONE CLOSIN(,
RICES OF FOREIGN FUNDS. O'CLOCK. PRICES.
Brazilian Bonds —
Ditto, Small — 83
Chilian Bonds 6 per Cent.... -
Ditto 3 Der Cent...
Grenada Bonds, 1 per Cent. —
Ditto, Deferred 4LA 41/s
...

._
Mexican, 5 per Cent. 184618
Peruvian Bonds, 6 per Cents 371,¢ 39;4
Portuguese 5 per Cents. —
Ditto. 3 per Cent 261/2 261%
Ditto, 4 per Cent 2514 25
Russian Bonds .. 10944 1091/.2,
Spanish 5 per Cent. 1840.
Ditto, 3 per Cent 28% 29% 29%
Dividends on the above payable in London.
__ _

French Rentes, 5 per Cent. ..:..: —f. —c.
Exchange E c.

115 f. 25c.
251. 60c.

Dutch, 2% per Cent., 12 Guild.... 53% Vs 54% 54%
Ditto. 4 her Cent Certificates 841/4 3/4 84%
PRICES OF PAID. BUSINESS DONE CLOSING
RAILWAY SHARES.AT ONE O'CLOCK. PRICES.
Aberdeen
Amber., Nott., Boston,
and Eastern Junction 2%......
Ayrshire and Galloway.. 2IA,
Belfast & County Down 10 ......
Birmingham and 0x•
ford Junction .... ... 20
Birmingham, Wolver-
hampton, and,Dudley 10 ..... ... 141/2
Birming.,Wolverh'pton,
and. Stour Valley 10/. 145...
Birkenhead, Lancashire,
and Cheshire June.— 7% — ..... ...... ...
Boston, Stamfd & Birm. 5
Bristol and Exeter BO
Ditto, Thirds
Buckinghamshire... 10/. 4s. ... .. 2% dis..„ 2% dis
Caledonian
Ditto, Half Shares ~ 3% l3 .. . 1
Ditto,Clydesdale June 50
Chester 6ful.-.llolyhead... 37% --• ,•••
Ditto, Preference.— 12 ...... - _
Clarence '' - 7814 - -
Do. lsttlass, 6 per Ct. 10
Do. 2.j Class, 5 per Ct. 10
Do. Gnernment Loan,
4 per Cent. .. lO ......
Dublin and Belfast June. 25 ......
Dundalk & Enniskillen 15 .....
Anglia,EasAnglia, 25/., L. &
E. and L. and... .. ..
.. 25 .... ‘,l 1
-D
Do., 181., E. H..... 18
Do., 3/. 108., 801. .... 134 l%
Eastern Counties........ 20
Ditto (B) 2O ...... 15% 15%
Ditto,Extension,s per
Cent., No. I.— 6/. 13s. 4d.... ... .........
Ditto ditto, No. 2...61. 13s. 4d...
Do., York Extension.. 10
Do., North: & Eastern 50
Do., Quarters
Do., New ... 23 ...... 23
Eastern Union

Ditto, Quarter Shares 12% —

Ditto, Thirds .......138.4i1..
Do. (guar. 6 par cent.) 10
East Lancashire
Ditto, New ... 13 ...... 914 ex hit 9l/4ez in
Ditto, New Quarters 33/4
East Lincolnshire ......:12%
Edinburgh and Glasgow,,so ...... 44 44% •• 44
Ditto, Half Shares ... 15 .. .. 11% ll4
Ditto, Quarter Shares 1214.--
Edinburgh and Northern 221/2 —
Ditto, New.. 33/4
•

Ditto, Newport l2.

- -
Dittc,_ditto, New 214. . ..
Exeter,Yeovil, & Dorch. 2%
Ditto, New . .. 2% —
Glaegow, Dumfries, and
Carlisle
Glasgow,Kilmar., & Ayr 50 ......
Ditto, New 4O
Do. Preference Consol. 12th — . ...... . ...
Great Northern,
Do., London and York 2%. ...••• 1
(Treat South. and West.

(Ireland)
Great North of England 100 .....
Ditto, New 401 5
Ditto, New 30/ 3O - 69
Ditto, New, 151.
Great Western 9O lO2 ..
Ditto, 1,, Shares 5O ...... 59
Ditto, lit Shares - 19% 19%
Ditto, Fifths
Ditto, New 17/. ...... 91, lO% lO%
Huddersfield and Manch. 24
Ditto, Thirds
Hull and Selby .. ...... 50
Ditto, Balt' Shares
... 25 ...... ... _
Ditto, y Shares
..
.....
Ipswich & Bury St. Edm 17%
Do., do., and Norwich 15
Do., do., Extens. Scrip
(late Camb. & Ely) 2% l3/4 ex int l3/4 xin
Lancaster and Carlisle... 50
Ditto, Thirds
Lancashire & Yorkshire 93
Ditto, ditto ...., tB2 ..... 741 ••.. • 74%
Ditto, 1/., Shares ....... 38 ... .. - •••••• -
1)o. Quarter Shares... 14% •• —
• ,• •
Do. Fifths..
Do. Sixteenths 6l/4 —
Do. Thirus (1teg.)....10/.45...... •
Do. Liverp. and Bury 38 ......
Ditto % (late Hud-
dersfield and Sheff.) 33 ...... ••
Do.(Wakefield,Ponte-
tract, and G001e).... 471,4 ......
Do. (W. Riding Union)4l. 25......
Do,(Preston & Neyy!e) 25

DO. 1/ Shares ( .i).•-• 9
Ditto ditto (II) ... 1%
Leeds and Bradford 5O ...... 94
Leicester and Bedford ... 16s.
Leeds, Dewsbury, &c... 421/2,..,.. _
...
Do. Branch 1A Shares 121/2...... _
......
......
_.
......
Do.Newßranch (blue) 2%..,, .. _
Do. Extension (green) 21/2 -. -
Do. New Exten.(pink) 21 ...... \
Leeds and Thirsk
Ditto, New ...... ....... 221/2
Do., Prefer., 6 per Ct. 31......
Liverpool, Crosby and - -
Southport . 2
Liverp., Mnchstr &New-
castle Junction 2lh
London & Blackwall.l6/. 13s. 4d...•
Do. New, No. 2 ... 41. 13s. 4d....
Do. Extension ... 171/2...... ...............
London, Brighton, and
South Coast ......... 50
Do. Consol. Eighths. 30 _
Do. Guarant. 5 per ct.., 9
Do. Pref. Con.sper ct. 50 .. ... _
..
Ditto, ditt0...... 1852 50 —
London and Greenwich 12/15s 4d...
Ditto, Preference... 18i 17s 2d... — . J
London and N. Weitern 100 1111„••'-
Do., Quarters L. & B. 22 -
-
Do., do., New
Ditto Fifths
' . .. 2 ...... lik4l/2..-...
Do. 1, Shares (G. J.) 25 - '
Do 40/. Shares( L. M.) 15
Do. 40/. (M. & B.) ... 40
Do. 101. (M. & B.) A. 7t/2... ::: • .--. ,4 —
Do. 10/. (M. & B.) B. 7% — ' —
Do. 10/. (111. & B.) C. 1
VOlld. & S.Western ...411.65. 8d.... --•=
Do. New Consol. Bths 40
Do. New 501. ... ..... 821,4..
Do. New 40/. - . 26
Do. Tenths (Consol.) 50 - 47 .... ...
Ditto ditto ....... .... 40
Ditto, Thirds ....... ..81. 6s. 8d.... •
~........,.....s., .....
London, Salisbury, and
Yoovil ..... ... ........ 114...... _
Londonderry &C,.4era int. 271/2
Londonderry. and Ennis-
killen .. . ... ....... ..... 25
Matlock.. ,
and Lincolnshire ...100
... .. .........
Do. Quarters (No. 1) 13
Ditto ditto (No. 2).- 25 „. ..•-• ...........
„•
- ........ ..... ,
Ditto ditto (No. 3)... 7%
. ..
Ditto and Grimsby.... 25 ............
Ditt4 ditty • tf f Melo 7
ipim ..1111.«,,. ems 4-

D

IA
G
Manchest. & Southampt. 2IA — ..
Mildanl lOO 118
Do. Consolidated Pref.100
Do. 401. Shares
Do. 501. Shares
Do. Birm., and Derbyloo
Midland Cunsol. Brist. &

Birming., 6 per ct ...100 ...... ......••.......
Midlnd, Brist. &Glocstr. 36 ...... ..... ...... ...
Ditto, ditto MU, 641.•• es••••••• ..... •••••
Midlnd, Leicest. & Swan-
nington, 8 per ct.guar.loo ......
Midland Great Western
Irish 35 ...... --- • ..... .• ...••
Newcastle and Carlisle 100
Do. Quarters 25
Newmrket & Chesterford 18%
Do. Extension .........21. 125.... -
Newport, Abergavenny,
and Hereford --•
Newry and Enniskillen 7
Newry, Warrenpoint,
and Rostrevor l2l/2 — .. ........ ....
Norfolk ... ...100
Do. New 20/. ..,
Do. Extension
Do. Scrip, 147, North
of Norf01k...
Do. do. Waveney Val. 2
Northern Counties Union 4
_'• orth British .. .... ... 25 ...... 2614....... ...
1)o. Half Shari s
Do. Quarters 4% — .... —
Do. Extension -
Ditt , Thirds -
Nortl- Staflordshire lO ...... 10% 10 .. ...... 10
North Wales
North Western 6 - ..... .... ..... ---
xtord, Worcester. and
Wolverhampton ...... 35 ...
Reading, Guildford, and
li.eigate
Roystcn and Ilitchin ... 1% — ~
Scottish Central
Scottish Midland

2614

Ditto, New
hetheld, Rotherham,

und Goole
Shrewsbury and Birra... 7
Ditto ditto. Class B. 4 -
Shrewsbury & Chester
(Nor. %V. Min.)
- -

Ditto Halves .:. ditto 8 — .. ... .........
Ditto Oswestry ... .. 12
Ditto New
Do. 8 per Cent. Pref 5
... ........ ...
Shrewsbury and Herefd. 2
Shropshire Union
South Devon... 4O
Do. Preference
• oath Staffordshire
South Eastern & Dover. 331/n 3034 30%
Do., No. 1 24
Do., Nc, 2.
Do., No. 3 ......• .....• 20
Do~ No. 4
South Wales
South Yorkshire, Don-
caster, and Goole
Swans. & Loughor & Ca-
meron's Stm. Coal. ... 4
Taw Vale Extension ... 4
Thames Haven Dock
and Railway ........... 171/,1 -
Vale of Neath ... .. ...... 4
Waterford and Kilkenny 13 la. ~... ..
Waterford and Limerick 40
Waterfd,Wxfrd,Wicklw,
and Dublin
West Cornwall
Whitehaven & Furness 12
Windsor, Staines, and
South Western ..... ... 52s —
Wilts, Somerset, & Wey-
mouth 3O —
York, Newcastle, and
Berwick..... ,
Do. Original New and
Berwick .. ... 25
Do. North ShieldsPur. 25
Do. Extonsiox No. 1. 15
Do. do. No. 2. ..... ... 10
Do. G.N E.Preference 8 ......
York and N or th Midland. 50
Ditto, Preference ...... 10
Do. East and ‘l7 est Rid-
ing Extension

...•• •

2%P

,'

►itto ditto .•••••••••••• 4%
►itta Sheffield and
Lincolnshire_ —