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

TilE SUN, LONDON, TUESDAY EVENING. JANUARY 4, iB4lB.

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-
factory to learn that the valour of his
past history has net been obliterated by
a sudden panic or an ignominious subjugation. He
has fallen like a true warrior tumid 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 NepoLxois 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 Ellin, with a
small band of adherents, assaulted the Moorish camps
and utterly routed the enormous forces of ABDER•
HAMAN. Notwithstanding this first success, how-
ever, the superiority of the dispersed army told with
terrific emphasis upon the followers of ABD-EL.-
KAMER, 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, ABD.
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 MOROCCO. 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 ABDERAHMAN, 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 LAMORICIERB,
and confiding in the generosity of France, he yitylded
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 MAttomET! Knowing that ABD-EL-
KADEIL 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 2401. 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, 184 g. 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 period his tailor's
bill amounted to 3011. ; the confectioner's, 461. ; the
wine-merchant's, 56/. ; saddler's, 33/. ; 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 9861. 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
531. 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, havitlt 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 surrotvided 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 I 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
vrievance. All cia,3es should combine together fer
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 j

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 stillmore 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 overt
and the majority of the Grand Council are Con-
servatives.

The Vorort 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 OTno has at last con•
rented to comply with all the demands of the SUL-
TAN. The apology to M. MUSSURUS has been already
made, and that gentleman returns to Athens as Turkish
Ambassador.

On the 23d nit. 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 Memo.a 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 Israelitees•
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 SERRA 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 NAIL-
TAEZ.

General CORDOYA, will, it is said, be the new
Inspector of Infantry.
MADRID Boma, Du.. 27.—The Three per Cents.
were done at 281, at 50 days; the Five per Cents.
at 1511 ; the Debt without interest at 5, for paper ;
and the Coupons, at 10i, for cash.

We have received the Paris papers of yesterday.
The Dtbats 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'Au MALE and of General LAMORICIEBB,
giving a detailed account of the events which led to
the surrender of ABD-.EL-KIDER. On the night of
the 11th and 12th be 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-Rhainants 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 Franco, 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 his deira and concentrated all his
forces and people towards the mouth of the Moulonia,
befween 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 eclaireurs ; 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-

noon Abd-el-Kader 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 mas-
sacre of our unfortunate comrades ! An hour after
Abd•el-Fader 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 derniere goutte du calice I
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 thelmorning 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 France, and the public consecration of
his abdication."

In consequence of the surrender of ABD-EL KADER
,he 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, thell/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 PETRONNET, 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-
, ion. 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 _Royal
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 !son of the late
Duke D'ORLEANS ; ten millions to the Duke DE NIP*
MOURS ; a million yearly to various private legacies;
and the rest of her fortune between the Prince DE
JoINTILLE 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 liistovas intends giving,
towards the end of the season, some soiries in the
Pavilion Marsan."
The Three per Cents. were done in the Passage de
l'Opera at '76f. 4210.
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 Havre, 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 300,000/. 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 "River 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, thE re 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
Hospital, 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.—His 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. 21.—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 tho company's steamer New Granada, which
left Valparaiso on the 28th of October from the under-
mentioned ports in Chili, Bolivia, Peru, Ecuador, and
Nvw Granada of the respective dates as under-noted :
Chili—Valparaiso, October 28 ; Coquimbo, 29 ; Bl-
asco, 30 ; Copiapo, 30. Bolivia—Cabija, November 1.
Peru—lquique, November 2 ; Arica, 3 Islay, 4 ;
Pisco, 6 ; Callao, 11 ' • Fahey, 14. Ecuador—Guayquil,
November 15. New Granada—Buonaventura, Nov. 19.

OPENING OP THE 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 Dacre's
ty, and Phu parish of Christ Church, Westminster,
publicly cpcned, They aro calculated to aco.-,ir,
modute 400 children of both sexes, who will be edu-
cated, and 50 of each clothed, free of all expense to their
parents,

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
In the Cotton Market at Liverpool yesterday the sales
were 5,000 bales, of which 4,000 bales were American
at 4id. to 6d. 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 arrivels 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 telegaaphs that may
be constructed. Two very important documents had
arrived out from the mother country. The Caerebec
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, 1641, 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 1841,
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 ailitia 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
851 to ;in the Three-and-a-Quarter per Cents. at 86/
to 86i; while Consols for the Account have ranged from
85/ to 851. The present value is a shade; lower. Ex-
chequer-bills have touched 17s. premium, and East India
Bonds under 1,000/., Ss. premium. Bank Stock has rea-
lised 1881.
The Foreign Bonds have also been in good request.
Spanish Three per Cents. for the Account have im-
proved from 284 to 291, and the Dutch Two-and-a-Half
per Cents. to 54k. 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.

ONE CLOSING
RICES OF BRITISH FUNDS. O'CLOCK. PRICES
Bank Stock
3 per Cent. Reduced Anne 8514 % 85%
New 314 per Cent. Anns 86%%3/41,4; 861/2
Long Anns. to expire Jan.lB6o ••• 8% 11-16 8 11-16
Ditto, Oct. 10, 1859 .....
India Bonds, LOON.
Ditto under 1,0001...
Consols for Account.
Exchequer Bills. 3d.
1,000/.
5001.
Small

8p
85%

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
Brazilian Bonds
Grenada Bonds, 1 per Cent. l9
Mexican, 5 per Cent. 1846 173/4 1/2 17%
Portuguese 5 per Cents.
Ditto, 4 per Cent —
Ditto, Account 233/4
Spanish 5 per Cent. 1840.
Ditto. Account l9
Ditto. 3 per Cent —
Ditto, Account . 283% 2914
Dividends on the above payable in London.
Dutch, DA per Cent., 12 Guild 541,%xd
Ditto. 4 per Cent. Certificates 85

CLOSIN (3
PRICES.
81

233/4

2914
54%
851,i

PRICES OF LAIBUSINESS DONE CLOSING
RAILWAY SHARES D' AT ONE O'CLOCK. PRICES

Aberdeen
Amber.. Nott., Boston,
and Eastern Junction 2%......
Ayrshire and Galloway.. 2%
beitast & County Down 10
Birmingham and Ox-
ford Junction
Hirmingham, Wolver-
hampton, and Dudley 10 ..... ... ....
Birming.,Wolverh'pton,
and Stour Valley 101. 145.... 1% dis l% dis.
Birkenhead, Lancashire,
and Cheshire June.... 7%
Boston, Stamfd, & Birm. 5
Bristol and Exeter

Ditto, Thirds
Buckinghamshire 101. 4s. —
Caledonian
Ditto, Half Shares 33/4
Ditto, Clydesdale Junc 50
Chester and Holyhead... 371,4 —
Ditto, Preference .. 8
Clarence
Do. lst Class, 6 per Ct. 10
Do. 2d Class, 5 per Ct. 10
Do. Government Loan,
4 per Cent.
Dublin and Belfast June. 20
Dundalk & Enniskillen 15
East Anglia, 25/., L. &
E. and L. and D. 25

Do., 181., E. & H.... 18
Do., 3/.105., E. &H. 2 —
Eastern Counties

Ditto (B) 2O
Ditto,Extension, 5 per
Cent, No. 61.133. 4d...
Ditto ditto, No. 2... 61. 13s. 4d... .. .
Do., York Extension.. 10
Do., North. & Eastern 60
Do., Quarters
Do., New 23
--
Eastern Union ,
Ditto, Quarter Shares 121
Ditto. Thirds ........13s. 4d

Do., (guar. 6 percent)
East Lancashire
Ditto, New
Ditto, New Quarters 344
.
kast Lincolnshire
Edinburgh and Glasgow 50 ...... 431/2
Ditto Half Shares ... 15
Ditto, Quarter Shares 121/2
Edinburgh & Northern.. 221/2
Ditto, New .....
Ditto, Newport —
Ditto, ditto, New •
Exeter, Yeovil, tic Dorch. 2% —
Ditto, New . 2% —
Glasgow Dumfries, and
Carlisle 81.65. 8d —
Glasgow, Kilmar.4 Ayr 50 ....
Ditto, New ......... 40 ..... •• ••
Do. Prei erence Consol. 12 1/2 ..•

rreatNortkern lOl/2 ... ...... .
Do., London and York 21/2..
Great South. and West.
(Ireland)
Great North of England..loo
thtto, New 401. 5
Ditto, New 30/.
Ditto, New 15/ 6►/2
....

Great Western

Ditto, lii Shares 5O
Ditto, M Shares ...... 15
Ditto, Fifths 2O
Ditto, New 171

Huddersfield & Manche's. 24 •..••••«•••
Ditto, Thirds ... 8 ......
Hull and Selby
Ditto, Half Shares 25
Ditto, IA Shares-- .. 12q — •..
Ip.- 171/2

.pswich&-I.lury St. Edm. -
Do., do., and Norwich 15
Do., do., Extens. Scrip
(late Camb. & Ely) 2%
Lancaster and Carlisle... 50
Ditto, Thirds
Lancashire & Yorkshire 93
Ditto, ditto
Ditto ip Shares . 38
Do. Quarter Shares.— 14% —
Do. Fifths
Do. Sixteemths 614 --
Do. Thirds (Reg.)....101. 4s.

Do. Liverp. andlfury 34
Ditto % (late Hud-
dersfield and Sheff.) 33
Do.( akefield, Ponte-
fract. & Goole
Do. (W. Riding Union) 41.2 s
Do. (Preston h `Pyre) 25
Do. 14 Shares (A) 9
Ditto ditto (B) 2%
Leeds and Bradford 5O
Leicester and Bedford." 165....•.•

Leeds, Dewsbury, 37%...... • • •••• •••••••••
Do., Branch 1/.2 Shares 12%. •••
Do• New Branch(blue) ......
Do. Extension (green) 2%•• •••
Do. New Exten. (pink) 2% —
Leeds and Thirsk
Ditto, New
Do., Prefer., 6 per Ct.
Liverpool, Crosby and
Southport 41••• 2
Liverp., Mnchstr& i eiv•
castle Junction
London & Blackwall.l6/. 13s. 4d — .....
Do. New, No. 2 .. 41. 13s. 4d —
Do. Extension 17% —
Londcn, Brighton, and
South Coast
Do. Consol. Eighths.. 30
Do. Guarant. 5 per ct. 9 ...... •• •••
Do. Pref. Con. 5 per ct. 50
Ditto, ditto ......1852 50
London and Greenwich 12115 s 4d B%
Ditto,Preference ... 18/17s 2d... ............ ••
London and N. Western 100 148% .............
Do., Quarters L.& B. 22
Do., do., New . 2
Ditto Fifths

Do. 1,4 Shares (G. J.) 25
Du 40/. Shares( L. M.) 15 ....
Do. 404 (M. & B.) ... 40
Do. 101. (M. & B.) A. —
Do. 10/. (M. & B.) B. 71A —
Do. 10/.(.11.& B.) C. 1

Load. & S.Western ...411.6w. 8d.... -- ..... .. .
Do. New ConsoL Btbs 40 ...... 39% ,
Do. New 501. ... ..... 3214.. ..
Do. New 401 • . 26
Do. Tenths (Consol. ) 50 - •••• ••• ••• ••
Ditto ditto . .... .... 40 -

Ditto. Thirdc; B/. t; 8d.... ......
Lind° I.ry, ar,d
............... .„ 14
Londonderry &Coleraine 271/4... .
Londonderry and Ennis-
killen 234/1, ~• Pttf•

36%

21%

11%
43

94
57
16%
73/4

1%
55

11%

3 dis.

431 A

331 A
7. N

3 9 IA3

Mancheter,Buxton,an.:.
Matlock 3
Manchester, Sheffield,
and Lincolnshire ...100
Do. Quarters (No. 1) 13
Ditto ditto (No. 2)... 25
Ditto ditto (No. 3)... 7% —
Ditto and Grimsby.... 25
Ditto ditto . ....• 7
Ditto ditto
Ditto Sheffield and
Lincolnshire 7l/2....... —....— ......... —.

••••
Manchest. & Southampt. •••
blildand lOO lO9l/2....
Do. Consolidated Pref.loo
Do. 401. Shares
Do. SW. Shares .. 10 ..... 8 73/4
Do. Birm., and Derbyloo ...... 84
Midland Consol. Brist. &
Binning., 6 per cent. 100
111(11hd, Brist. &Glocstr. 36
Ditto, ditto ........ill. 3s. 6d .....••••

Midlnd, Leicest. & Swan-
nington, 8 per ct.guar.loo ...... ...............
Midland Great Western
Irish
Newcastle and Carlisle...1(X)
Do. Quarters
25
Newmrket&Chesterford 181/2
Do. Extension .........21. 12s —
Newport, Abergavenny,
and Hereford
Newry and Enniskillen 7
New ry, Warren point,
and Rostrevor •• 121./
Norfolk ..... —.loo
Do. New 20/. ... ...... 5
Do. Extension
Do. Scrip, 1847, North
of Norfolk... 2
Do. do. Waveney Val. 2 -
Northern Counties Union 4 ••••••
North British ... .... ... 25
Do. half Shares l2 % ...... •••
Do. Quarters •1:1 —
Do. Extension
Ditto Thirds 2 ...... 11,/t
Norti Statlordshire...... 7 % ......
North Wales
North Western
Oxford, Worcester, and
Wolverhampton
Reading, Guildford, and
Reigate
Royston and Ilitchin ... 1% ll/4 ... ........ ••
Scottish Central
Scottish Midland
Ditto, New
Sheffield, Rotherham,
and Goole
Shrewsbury and Birm... 6
Ditto ditto, Class B. 3
Shrewsbury & Chester
(Nor. W. Min.)

Ditto llalyes ... ditto 8
Ditto Oswestry .. 12
Ditto New
Do. 8 per Cent. Pref 5
Shrewsbury and Herod. 2
Shropshire Union
south Devon... 4O

109 IA
42%
84

1%

1%

1 1/i;

~ 1~

11,4

Do. Preference
South Staffordshire
-outh East,,rn & Dover. 331/8 303/4 3Ol/2
Do., No. 1
Do., Ne, 2.
Do., No. 3 .. ..... ...... ;5
Do~ No. 4
South \Vales ..... 15
south Yorkshire, Don-
caster, and tioole 2 - ..
Swans. & Loughor &Ca-
meron's Stm. C0a 1.... 4
Taw Vale Extenium ... 4
Thames llaven Dock
and Railway .... ..... . 17 1/2 ••••• •
Vale of N eath ... .. ...... 4

Waterford and Kilkenny 131/2. • •
Waterford and Limerick 40

53/4

W aterf d,Wxfrd,Wicklw,
and Dublin
West Cornwall ...... 4
Whitehayen & Furness 12
Windsor, Staines, and
South Western........ 523.
Wilts, Somerset,& Wey-
mouth
York, Newcastle, and
lierwick. . 25 ..... 33%...
Do. Original New and
Berwick ...... 25
Do. N orth Shields l' ur. 23
Do. Extensiox No. 1. 10
Do. do. No. 2......... 10

De. G.N2E.Preterence 8
York and North Midland 50
Ditto, Preference lO
Do. East and NV est Rid-
ing Extension
FOREIGN RAILWAYS.
Boulogne and Amiens... 20 ...... ...•.......•
Central of France (Or-
leans and Vierzon) ... 14

Central of Spain ... . ... 2 •••••••••••
Ceylon
Demerara 5 ... •
Dendre Valley
Direct Bombay and
Madras
Dutch Rhenish 7
East Indian ... .... 1,4
Great Indian Peninsular ss.
Italian and Austrian.... 4
Jamaica S.Mid. Junction 1
Louvain a, la Sambre ... 6 ... .
Luxembourg .. 6
Lyons and Avignon
Madrid and Valentia.... 2 ...
Namur and Liege
Northern of France lO .. ... 12
Orleans and Bordeaux 6
Over Ysset 4l3s 4d . ......
Paris and Lyons
Paris and Orleans 2O
Paris and Rouen
Faris and Strasbourg 8
Rouen and Havre
Sambre and Meuse 18 •
Strasbourg and Basle ... 14
['ours d Nantes 8
Tournay, Jurbise, Lan-
den, and Hasselt. l6 ......
West F1ander5.......... 81/.12 — .........
MINES.

Anglo Mexican IOO
Brazilian Cocaes & Cuiba 30 ...
British Iron l2
Bolonos Scrip
Galvanized Iron
Ditto,New
Real Del Monte, Unreg.

91/2
. 721/2
151.4
331/2

LLOYD'S SHIPPING_(THIS DAY.)
LONDON, JAN. 4. Wind S.S.E., light breeze, and
fine clear weather.
DEAL, JAN. S.—Wind S.S.W., 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 Australia. Put back, Frithiot;
Bahia.
BRISTOL, J.N. 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 here by the Syren, Lawson, 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, W at 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.
LivEnPooL, JAN. 3.—Wind S.S. W. fresh.—Arrd. 2d,
Isabella Harnett, Newby, Calcutta • Lord Nelson,
Cornish, Bonny. 3d, Middleton, Milligan, Callao ;
Archer, Laguna ; Amoy, Clark, Now Orleans ; Monu•
ment, Trott, New Orleans ; Higginson, Charleston ;
Cutha, Fergus, Charleston. Off port, Pelita Hannah ;
St. Augusta, New Orleans. Std. 3d, Leonard, Dobbin,
Charleston ; Fidelia, New York ; Bella Lemegna, Rio
Janeiro ; Helen Hamilton, Maracaibo ; Auckland,
Jamaica ; Empire Queen, Boston ; John R. Skiddy,
New York ; 2d, Leo, Bolivar, formerly Angostura ;
Indian Queen, Barbadoes.
BRIXTON, ISLE OF WIGHT, JAW. 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.
OFF NEWHAVEN, JAN. I.—Europe, Quebec.
YOEGIIAL, 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 threo feet water in hor hold; cargo will be
saved, weather permitting.

MARKET NEWS.-(THIS DAY.)
HAY IVLAWL=Ts.
SMITHFIELD.—Meadow Hay, 21 lOs to 31 12s ; Clover,
ditto, 31 lOs to 41 14s ; and Straw, 11 4s to 11 lOs
per load. Supply but moderate, and trade dull.
CUMBERLAND.—AIeadow Hay, 21 10s to 31 IGs ;
Clover ditto, 31 los to 41125; and Straw, 1/ 5s to I/ 103
per load. A full average supply, and a slugglish demand.
WElTEcilApat..—Meadow Hay, 2110 s to 3/ 14r;
Clover ditto, 31 lOs to 41 15s ; and Straw, 1/ 4s to
1/ lOs per load. Trade dull, at barely stationary prices.
-

_
COLONIAL.
SUGAR.—The quantity of British Plantation landed
last week at the East and West India Docks was 141
hds, 36 tierces, 1 barrel ; there were take❑ for home
consumption 1,121 bads, 10S tierces, 315 s;+rro!q. The
stock in the same places is 18,324 hhds, 1,96; tierces,
4,791 barrels.
RUM.--The quantity landed last week at the East and
West India Docks was 796 DUD ;126 hhds ; there were