The Sun.
London, England, 1870-03-21 00:00:00

THE FUNERAL OF DON HENRI.

The Temps of the 16th instant gives the following de-
tails of the funeral of Don Henri de Bourbon :—" Long
before the hour indicated, the streets were full of persons
waiting for the passage of the body of the Infant, desir-
ing to shew their sympathy with the unfortunate prince and
the royal family. At half-past one the cortege started, pre-
ceded by a detachment of police. First came the
children and the poor of the Hospital of San
Bernardico, after them came the hearse of the
chapel, which is constructed in the form of
a catafaqlue and gilded. On the coffin were the Catholic
emblems of the chapel, the insignia of a Spanish grandee,
and of a naval commander, and the decorations
of the deceased. Behind the hearse walked several of
the family, with the Duke of Lessa, who was
chief mourner, and a priest, M. I'Abb6 Pulido.
Among the cortege were observed Count Castelar, Senor
Genii y Rente, his son, and other relations of the
deceased. The son of Senor Guell is no other than the
Marquis of Valcarlos. Following' the cortege were the
Republicans, having at their head the Deputy Blanco and
a number of his fellow-thinkers
The shops in the Puerta del Sol and the street of Car-
retas were closed. When the funeral car arrived at the
PuertO del Sol, Senor Rivero was standing in the
Ministerial balcony. The acclamations were so
loud and sudden that they produced some alarm
in the street Arenal. The cortege was followed
by about twenty carriages, but all the world
went on foot. The crowd of persons coming to the
funeral was so great that before mid-day it
was almost impossible to pass from the street
carretas to the Place Isabella." The adja-
cent streets were also thronged, as were the balconies
of the houses near which the funeral train passed. Some
Republicans made speeches at the gate of the cemetery.
It is said that Senor Blanco declared that Don Henri had
been intended for the future President of the Repub-
lic. At the time the Tiempo was publishing there was a
report that these Republican addresses had occasioned
some disturbance, and that the agents of public safety had
drawn their revolvers.

SIGNOR. SELLA AND THE FINANCIAL SCHEME.—
It is reported from Florence that Signor Sella made the
following reply to those who expressed doubts as to
whether the Chamber would agree to some portions of his
complicated scheme for financial reform, " The Chamberr
must accept all or none, because one part cannot exist
without the other ; if it rejects one proposition only, the
consequences will be critical enough, because I shall deem
it my duty to appeal to the country." The correspondent
i
of the Mercantile Courier of Geneva, who s an authority
on financial matters, says of the proposition of Sella
that the repugnance to the increase of any tax,
i
es-
pecially a direct one, the little faith that s put in the
assertion that the increase of such a tax will produce any
great sum ih practise, the aversion to an increased burden
confiscating
ce
actoiunpga coupons
ecclesiastical
sithase revenuetica l
goodsand
atroo any
entertained new
projectiny as
for
much by the Centre as by the .Right It may there-
fore be predicted that the objections to these and other
parts of the plan have become and will become, general
and decided.
PARAGUAY.—.NOWS from Rio Janeiro on the
24th ult. states that fifteen hundred volunteers had re-
turned from Paraguay, and had made a triumphal entry
into Rio Janeiro. Every effort had been made on the
part of the Government to give the returning troops a
brilliant reception. The statement, which comes of course
from a Brazilian source, adds that the arrival of the
volunteers is received as conclusive evidence that the war
is really at an end, and that, according to the latest news
from the interior, Count d'Eu was still pursuing Lopez,
who was endeavouring to reach the frontiers of Malto
Grosso,APT
ABBEYef
13.
loesmst:wy
tshi FOILm provincehDnaoiENGLlSHlvye ryrelg
flattering
re
,Telegraph,
ohou,
Nl pass
—Finaththßerolilvigna-
whitecrhmhs asonofhteimn com-
mented, work, to make public an account of a new
the foundation stone of which is about to be laid
imAatlitiusbseLnbilltaeeaeypend,Pult'horly. It is described as being the first bond fide
monastery in the English Church that will have been
erected since the Reformation. Father Ignatius does not
vvibix the world to be startled by a bond fide monastery with
bond fide monks, being set up in England. Monks, he
says, are very harmless men. Their life is one of
absolute chastity ; they practice the highest philosophy,
and have for ages been venerated as men who glorify God,
and benefit humanity. He bitterly condemns the robbery
from the Monks of the middle ages of all their rights,
and the people of the enjoyment of the lands left to the
Monks for the use of the poor. We are- told that the
Duke of Bedford, the Duke of Beaufort, and countless
others, are living on lands and farms, which should be the
property of the poor. The "sons of robbers" are fatten.
ing on the inheritance of the murdered Monks. The
letter concludes by an appeal for subscriptions towards
the erection of this " sprig of the old &ous roots" the
Monastery in the Vlaot Yiguiltainsh

TRADE AND FINANCE.

• SATURDAY EVENING.
Money has been in good request throughout the week,
in connection with the operations for the fortnightly set-
tlement in stocks and shares, In Lombard-street the
value of money has been fully equal to the Bank rate, and
it is not improbable that if the Government balance in the
hands of the Bank had not been so large, owing
the rapid collection of the taxes—particularly of the
to income tax— the Bank rate would have taken a slight
up ward movement. The Government balance in the
Muds of the Bank is now no less than £8,553,130 against
£1,176,926 at the corresponding period last year, and
the knowledge of the existence of the large accumu-
lation is sufficient of itself to influence the
value of money out of doors, and to depress the
the discount quotations. While there is no reason to
Inlieve that any important upward movement will take
place in the value of money for some time to come, as the
accumulation of capital both here and abroad is still
great, there is no prospect whatever of lower rates ensuing.
The trade accounts recently published shew that,
notwithstanding the continued absence of specu-
lation in all articles of both import and export,
the volume of trade carried on during the past
twelve months has undergone a very satisfactory increase.
It may be remarked, too, that prices generally shew un-
mistakable signs of an upward movement, though such
will be very gradual, and, in the event of any considerable
rise, a larger amount of capital will be required to carry
on the same amount of trade as we are now experiencing.
But fluctuations in prices invariably lead to speculative
transactions, and the prospects of the money market for
the next few months are proportionately brighter.
It is understood that the applications for the Turkish
railway loan have been 'good, and have rather exceeded
the expectations of the Porte. Had not the miserable
device of a lottery been resorted to, and had the loan been
introduced into the London and Paris money markets,
there is no doubt that it would have received a much
larger measure of public favour, but, as it is, the invest-
meats made on British accountthrough the local bankers
have been heavy.
The markets generally have ruled quiet throughout
the past week. The change in the weather has hoad an
unfavourable influence upon the wheat trade, and the
recent advance in the quotations has not been supported.
At the same time, however, the diminishing stocks on
hand, and the comparatively small quantity of wheat
afloat for the United Kingdom, have enabled factors to
hold firmly. In cotton there has been rather more
activity, and the quotations have shewn firmness. Sales
at Liverpool have been rather large. The stock has been
returned at 295,000 bales—being in excess of 18,000 bales
over the estimate—against 264,000 last year. The rise that
has taken place in values this weekijs to be attributed to
the smallness of the receipts at the 'American outports.

THE NEW CONVENTION WITH CHINA.
The Committee of London Merchants have addressed a
letter to Lord Clarendon on his lordship's reply to their
memorial respecting the new convention with China.
Since their memorial was sent in, the committee have
learnt with satisfaction that, in consequence of the repre-
sentations
_made by-the mercantile community at Hon
Kong, Sir R. Alcock had agreed to reconsider the proposed
relinquishment of the right to trade at Kiungchoi,v. The
export duty on silk is the next topic, and the committee
reiterate their arguments against the proposed increase in
the export duty. On the subject of transit dues, which
have an important influence on British trade in China, the
committee adhere to their opinion that article 28 in the
Treaty of Tien-Tsin was intended to free British imports
into China from all internal municipal taxation. The
new arrangement regarding the non-treaty port provinces
they consider to be much less favourable to trade than
the old. They believe that the convention, "in expocing
British goods to unrestricted municipal taxation in one
half of China entails the forfeiture of a former'
treaty privilege," and they apprehend that British trade
in manufactures may irrevocably lose its footing in China.
The concession of the appointment of a Chinese consul at
Hong Kong they hold to be most unwise, and irksome to
the Chinese population, and likely to embitter the rela-
tions between the governments. The limitation of the
right of residence in the interior and the limitations with
respect to travel are strongly objected to, and in conclu-
sion they trust that Lord Clarendon will advice her
Majesty to withdraw the ratification of the convention
until it shall have been amended.