The Sun.
London, England, 1848-02-18 00:00:00

THE SUN, LONDON, FRIDAY EVENING, PEBRUARY 18, 1848.

STRAND THEATRE.
NEW MANAGE3IENT,
Under the Sole Direction of Mr. Oaberry.
THIS EVENING,

The performances will commence with the Romantic Drama,
called THE DENOUNCER; or, THE SEVEN CLERKS OF
MARSEILLES. Principal characters by Mr. E. Laws (his third
appearance), Messrs. Oxberry, Yarnold,.. Rogerson, Huntloy, and
Miss Love.

After which (third time) a New Grand Burlesque Opera, by the
Author of the " Adelphi Norma," called LUCY OF LAMMER-
MOOR. Not with Mr. Bunn's or M. Jullien's, but with Oxberry's
powerfld cast—Lucy, Miss E. Terry ; Captain Ashton, Mr. Oxberry ;
and Edgar, Mr. Yarnold.
To conclude with the admired Comedietta of A ROWLAND FOR
AN OLIVER. Principal characters by Messrs. Laws, Rogerson,
Montague, Oxberry, Miss Egan and Miss Jane Coleman.
Private Boxes, 10s. 6d. ; Boxes, 2s. ; Pit, Is. ; Gallery, 4d.
price to Pit and Boxes at a Quarter before Nine.

ROYAL VICTORIA THEATRE.
THIS EVENING,
Will be performed THE KENT COAST SMUGGLER, or the
Murder on the Sea Beach. Principal characters by Messrs. Slicks,
Dale, Searle, Higgic, Howard, Forman ; Miss Vincent, and Miss Bur-
roughcliffe.
After which, THE VICTIM PATRIOT.
To conclude with DOMINIQUE, the DESERTER. Dominique,
the Deserter, Mr. Forman.
Boxes, is. ; Fit, 6d. ; Gallery, 4d. No Half-price to any part
of the house.
Doors open at Six, to commence at Half-past Six.

“THE SUN”

THIS EVENING, WILL CONTAIN

LORD J. RUSSELL'S
FINANCIAL STATEMENT.

Orders received by all Newsmen, and at the Sun•ojfce,

112, Strand.

THE WEATHER—Sun OFFICE, FEB. 18.
THERMOMETER, Lowest, 33 ; Highest, 42 ; Noon, 34.
BAROMETER, 30.44.—Wnin N.N.E.; fine.

HIGH WATER AT LONDON-BRIDGE THIS DAY.
Morninz.. 36 minutes after 1. J Evening .. 59 minntes after 1.

directed. We shall at present restrict ourselves to the
consideration of the operation of that Act and of its
palpable and universally admitted failure to attain
the objects for which it had been enacted.
The first resolution brought forward by the Right
Honourable Gentleman was one on which little, if
any, difference of opinion could exist. It was a
justification of the course pursued by the Ministry
" in recommending to the Bank of England, for the
purpose of restoring confidence, a course of proceed-
ing at variance with the restrictions imposed by the
Act T and 8 VICTORIA, chap. 82." Strange to say,
no formal recognition by the House of that virtual
suspension of the law had ever been obtained
or even demanded. It is true that the provisions of
the Act had never been expressly violated. The
Bank, although its actual reserve of notes was re-
duced to a point very far below what was required
for the carrying on of the ordinary business transac-
tions of the establishment, had never exceeded the
limits prescribed by the statute, but it is certain that
they had acted with a degree of boldness and confi-
dence on which they could never have ventured had
it not been for the guarantee afforded by the Minis-
terial letter. As far as the directors of the Bank and
the public in general were concerned that Act was
altogether set aside for the time being. The know-
ledge that no power of expansion was reserved, that
the issues could not, under any possible circum-
stances, be legally extended beyond 14,000,0001. on
securities, had induced many parties to withdraw
their deposits and to hoard up all their resources for
the crisis which appeared to be so rapidly approach-
ing. " Sauve qui peat" became the general rule of
action, and even discreet and sensible men were
obliged to adopt a course similar to that which the
alarmists had pursued, because it was impossible to
say where matters would terminate, or what might
be the result, if the Minister of Finance should per-
severe in an obstinate adherence to the strict letter of
the law. Credit was apparently extinct, and the trade
and commerce of the country must speedily have been
brought to a stand-still unless something could be
done to restore the departed confidence. This was
altogether changed by what was felt by the public to
be the suspension of the Act of 1844, the recommen-
dation to discount more liberally, and the promise of
the Ministry to bring in a Bill of Indemnity, if any
violation of the law should occur in consequence of
the advice so given being fully carried out. The
spirit of the law, then, if not its letter, was most as-
suredly transgressed, and it was fit and proper that
that transgression should be brought under the notice
of, and obtain the sanction of the representatives of
the people, whose especial duty it is to take cog-
nisance of every question relating to the financial
affairs of the country ; that sanction has at length
been afforded by the unanimous adoption of the first
resolution last night.
The second proposition was, " that the House should
resolve itself into a Committee of the whole House
upon the said Act." On this a division took place, and
we regret to say that it was negatived by a majority of
41; the numbers being—for the motion 122, against
it 163. Had it been carried the Right Honourable
Gentleman intended to move in Committee the
suspension of the limitation relating to the
issue of notes payable on demand, subject to such
conditions as may be provided by any Act to
be passed for that purpose. Almost every
Member who took part in the discussion joined in
condemning the Act. In addition to the masterly
exposure of its fatal results which was given by Mr.
HERRIES ; Mr. HASTIE, Alderman THOMPSON, Mr. W.
BROWN, Mr. HUDSON, Mr. MACGREGOR, Mr. MASTER-
MAN, and Mr. Mustra, spoke their unqualified condem-
nation of the measure, while the veteran Free-trader, the
Member for Bradford, gave it but a qualified support,
and stated his desire to see but one bank of issue,
and that others should confine themselves to the
legitimate objects of banking. No others but the
Chancellor of the Exchequer and the Presi-
dent of the Board of Trade came to the
rescue, and, as far as the debate went, the opponents
of the Act had the field altogether to themselves.
They were out-voted on the division, but should not
be discouraged on that account. Many are desirous
of waiting for the financial statement, which will be
brought forward this night, while others are anxious
to put off the consideration of the subject until some
progress has been made in the investigation before
the Committee that was appointed previous to the
recess. The strength of the minority will, however,
show the progress of public opinion on the point on
which so great a majority formerly existed ; and we
doubt not that a fresh accession of strength will
speedily enable the Currency Reformers to change
positions with their opponents, and to introduce a
system under which .we may hope for permanent
and lasting prosperity.

We have received letters from Palermo, of the 25th
and 26th ult., which furnish us with sevqral interest-
ing particulars of recent events. On the 25th the
Royal Palace was attacked by the Palermitans. Pre•
vious to the attack the following proclamation was
issued by the patriotic Admiral RUGGIERO SETTIMO,
the chief of the Provisional Government of Sicily:—
" PROCLAMATION OF ADMIRAL RUGGIERO SETTIMO TO

THE PEOPLE ON THE LARGO DI PORTA FELICE.

PALERMO, JAN. 25, 1848.

"My Children!—The hour of your triumph is arrived.
The last exploit remains to be fulfilled, and your soul
will exult in the most sublime of victories—of na-
tional victories. Heroic people ! to ask you to
swear to conquer or die is henceforth useless, since
you have, up to this moment, fought less with arms
than with the Italian spirit, with fraternal generosity,
and have only felt the satisfaction of the conqueror
by alleviating the miseries of the vanquished. Even
although overpowered, you will always be honoured
by Europe as one of the first people of the contem-
porary history.
"My children ! before dusk the royal palace (a for-
tified place, residence of the governor) must be taken.
I shall be at your head, if you wish it, in this last
undertaking; but you must remember well, if you
succeed in entering those huge walls, let me warmly
beseech you to silence the excruciating pain of your
wounds, to forget the agony of your own dying com-
rades, and do not see in those soldiers the assassins of
poor, inoffensive monks, the sacrilegious violators a
helpless women (nuns). Into those walls you have
to carry no other arms than bread for the famishing
there shut up, jugs of pure water for the thirsty,
bandages for the wounded, and biers for taking the
dead to an honourable grave. Not one drop of blood
is to be shed, of that precious blood, your own blood,
Italian blood ; above all be the women respected.
They are, alas ! but weeping widows and orphan
daughters ; be the one recommended to your mothers,
the others to your sisters, and the honour of all en-
trusted to the national faith. Those soldiers who,
with bombs and canon•shots, have destroyed a great
number of you, are more deserving of your estima-
tion than of your revenge, since not even the love of
their country has made them violate an oath, although
plighted to an unjust cause. You may easily ima-
gine how well they would have fought,
and how many examples of valour they
would have given you, had they had the good
fortune to defend your cause, or that of their coun-
try and of humanity. Do not bear them any grudge,
and look on those walls not with indignation, but
with love ; consider them but an obstacle that has
hindered you for a long while from embracing others
of your brethren. Oh, let me beseech you once
again, my children, be the purity of your glory the
only gratification that you are willing to impart to
my grey hairs.
" Let us now kneel down with humility. Ministers
of GOD bless our banners. Tu arms, to arms I Let
us die without infamy; let us conquer without re-
morse; to arms !"
Shortly after this proclamation was issued the
palazzo was taken by the people, and the greatest
order prevailed. The Neapolitan troops were obliged
to quit the town.
The royal palace is situated in the very centre of
Palermo. It is a splendid four-front building, quite
insulated. At the first breaking out of the revolution
it was filled with all the Neapolitan families, officers'
wives, &e. It is rather a strong place, and there was
hard fighting to take it. They had no provisions.
The General of the hostile army, in order to give a
tragical finale to his expedition, had opened the pri-
son to all the convicts condemned to the galleys, that
they might pounce like wolves on the city; but, oh !
miracle of patriotina, th© convicts stopped quietly

before the prisons, and sent a herald to the General
Committee to receive their orders.

The General Committee of Palermo, the President
of which is the highly respected Admiral RUG-
GIERO SETTIMO, Since the breaking out of the revolu•
tion, has been constituted a provisional Government.

It is this Sicilian Government at the head of
which we are gratified to see the patriotic Admiral
RUGGIERO SETTIAIO, that has resolved to enter into
negotiations with the Neapolitan Government as from
one power to another.
The revolution, every where victorious, is now or-
ganizing its administration. In Palermo the Pro-
visional Government was definitively constituted on
the sth inst. after General Guoss had surrendered
the fortress of Castellamore. The Executive power
is divided into four Committees under the high Presi-
dence of the Admiral. The first act of the Provi-
sional Government has been an order for the convo-
cation of the Sicilian Parliament in Palermo on the
Ist of March. On this Parliament will rest the
responsibility of the negotiations which have to inter-
vene between Sicily and the Neapolitan Government.

The riots at Munich have been much more serious
than was at first imagined. According to the last
accounts LOLA MONTES had been banished. At one
time the riot took a very serious aspect. The people,
armed with whatever they could seize hold of, medi-
tated an attack on the house of the KING'S mistress,
whereupon the cavalry charged, and two persons
were killed, and ten severely wounded. The ICING,
who arrived at this moment, was struck by two or
three stones, and was led away by Count DE BOTH-
MEE, one of his officers. A royal ordonnance an-
nounces the re-opening of the university. A change
of the Ministry seemed inevitable, but it was thought
that Prince DE WALLERSTEIN would retain his port-
foglio.
After leaving the Bavarian capital, the intrepid
LoLA, nothing daunted by the treatment she had
received, ordered the postilions to turn the horses'
heads towards the capital, but she was not allowed
to enter.

The accounts from Munich of the 12th state that
tranquillity had been in some measure restored. LOLA
MONTES was sent off, under an escort of cavalry, to
the Lake of Constance, and is to be sent from that
place into Switzerland.

Madrid papers of the 11th have arrived.
The proposed new law on the press, by which it
is sought to invest CHRISTINA with royal inviolabi-
lity, will be warmly opposed in the Cortes. OLOZAGA
leads the opposition to the measure.
The Sib to has been seized for one of its articles
on ESPARTERO and CHRISTINA.

General NARVAEZ is confined to his house by
illness.

General MANUEL DE LA CONCHA has been appointed
Ambassador to Paris.

MADRID BOLSA, FEE. 11.—The Three per Cents.
at 28/ at SO days, 271 to 1546 cash; Five per
Cents., 17 3-16 at 50 days, 16Z cash ; Passive Debt,
5/ to ; Coupons, 11i buyers.

MARKET NEWS.-(THIS DAY.)

CORN EXCHANGE-FRIDAY.

A full average quantity of English Wheat has been
received up to our market this week, coastwise, viz.,
4,810 quarters. To-day the stands were fairly supplied
with samples of both Red and White, the finest of which
moved off steadily, at full prices; but all other kinds
were much neglected. Tho demand for Foreign Wheat
was wholly in retail, and, to have effected large sales of
the middling and inferior kinds, lower rates must have
been submitted to. Barley was a very dull sale, at barely
stationary prices. There was very little inquiry for
Malt, and prices had, in some instances, a downward
tendency. Oats were steady, but not dearer. Beans,
Peas, and Indian Corn were somewhat easier to pur-
chase. Flour tolerably firm.

Wheat.
4,810 qrs.

ARRIVALS.
IBarley.
6,770 qrs.

. 2,50 n I
Malt, 4.940 on.
SMITHFIELD.

Oats. I Flour.
4,020 qrs. I 4,430 sks.
3,970 I --
380 I --

MONEY and COMMERCIAL NEWS.'
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was quiet,
with late prices of American barely maintained. There
was no change in other descriptions. Sales, 3,000 bales,
including 2,500 American at 41d. to 6d., 100 Egyptian at
6id., and 200 Surat at 31d. to 3id. per lb. There was
an improved tone in the market for Railway Shares, but
without any amendment in prices.
The Corn Market is dull to-day. The quantity of
English Wheat at market to-day is 4,810 qrs., of Barley
6,770 qrs, and Foreign Wheat 11,310 qrs.
There are no arrivals with later news of interest, ex-
cept the Continental Mails.
The importation of oranges has been upon an unpre-
cedented scale this season, upwards of 50,000 boxes
having been received in the port of London alone from
the " Azores" since January last. The &pressed state
of the times, and the abstinence of the poorer claws from
luxuries, has entailed a heavy loss to the importers, the
prices at which they have been sold about paying
freight duty and charges, and great difficulty having
been experienced in the delivery from the bonded ware-
houses in time to insure the forwarding of the article to
the various early markets in the metropolis, as well as
by the railways to different parts of the country. The
Board of Customs has been petitioned by Messrs. Keeling
and Hunt to allow the cargoes to be paid duty on
deposit on landing, similar to the plan adopted with raw
fruit, and from the liberal character now manifested in
that department, no doubt the point will be conceded.
All anxiety to-day is directed to the forthcoming
financial exposé, which, no doubt, from its important
character, and the extended objects which it is likely to
take in, is to be made by Lord John Russell, instead of
Sir Charles Wood. It is understood that political
matters, especially the national defences question, will
be so mixed up with the general review of our financial
position, that there will be no information wanting to
form a just opinion of our future prospects. The inten-
t tion announced to reduce the rate of interest upon Ex-
chequer-bills to 2i per diem is a step that has been
expected, and all are anxious to learn whether there will
be a loan. Opinion is divided upon this point, notwith-
standing the known deficit of last year and the con-
templated increased expenditure of the current year.
The Funds have been fluctuating a good deal. Consols
opened at 89i to 90, being done at both prices, but have
since given way to 89k 1. The Bulls have been realis-
ing. Bank Stock is 200 to 2012; and India Stock 242
to 243. The New Tbree-and-a-Quarter per Cents. have
been 901 to 91.
The Foreign Bonds are much the same.as yesterday.
Spanish Five per Cents. 20i- to 21, and the Three per
Cents. 32 to 4. Mexican Stock is at 18Z- to 19g. Dutch
Two-and-a-Half per Cents. are 54g.
Railway Shares are looking firm.
BRITISH FUNDS THIS DAY AT ONE O'CLOCK.
(From the Official List.)
Bank Stock
3 per Cent. Reduced Annuities........9o 89% 901/4 89%
3 per Cent. Consols Anns 9O 89%
New 314 per Cent. Aims ... 9l 90%
Long Annuities, Exp. Jan. sth, 1860... 9 9 1-16
Do. 30 Years, Expire Oct. 10,1859... 8 INII6
Do. 30 Years, Expire Jan. 5, 1860.. 8 11-16
India Stock 243 242
Do. Bonds, 1000/ l5 p
' South Sea Stock
Ditto Old Annuities B7
Consols for Account 8976 90 89%
Exchequer Bina. 3d.
June. March.
1,0001.
500/ 95 29 p
Ditto Advertised
PRICE OF FOREIGN FUNDS AT ONE O'CLOCK.
Mexican Bonds, 1846, 5 per Cent 19 X, 181/s
Spanish Bonds, 5 per Cent, 1840 ...
Ditto for the Account ....... 20% 21 201/
Ditto Passive Bonds 5
Spanish Bonds, 3 per Cent 32 3214
Dividends on the above payable in London.
Dutch 21A, per Cent.,l2 Guild 54%
BUSINESS DONE IN RAILWAY SHARES AT ONE O'CLOCK
RAILWAYS. PAID. Prii. SHARE.
Aberdeen
Amber., Notting., Boston, &c. 314 — . ..... to
Ayrshire and Galloway
Belfast and County Down .. 10 ..
Virmingnam Sc Oxford Junc... 20
Birmingham, W 01.,& Dudley 10 ... .
Birnsing., \Vol., & Stour Val. 10/.145....
Birkenhead, Lancashire, and
Cheshire Junction
Boston, Stamf., & Birming... 5
Bristol and Exeter
Do., Thirds
Buckinghamshire..
Caledonian

Ditto, Half Shares
Ditto. Clydesdale Junction 50
Chester and Holyhead... 371/ —
Ditto, Preference
Clarence.
___ _ _ _

Do., Ist Class, 6 per Cent... 10.
Do., 2d Class, 5 per Cent... 10
Do., Goy. Loan, 4 per Cent. 10 - to
Direct London & Portsmouth 3% — to
Dublin and Belfast Junction.. 25
Dundalk and Enniskillen ... 17%
East Anglia, 25/. L. & E.,
and L. & D 25
Ditto, 18/., E. & H lii ...... --
Ditto, U. 10s., E. & H... 316 3% to
Eastern Counties .... 2O ...... -----
Ditto, ditto (B)
Do. Perpet., 5 per ct. No. 1,6/. 13s. 4d...
Do., d 0....... N 0.9,6/. 13s. 4d... N; p to
Do., Northern & Eastern... 50
Do., Quarter 12%... ..
Do., New ' 23
East ersn Union. ... ... .. 50
Ditto, Quarter Shares
Ditto., Thirds .. ......... ...13s 4d — to
Ditto (guar. 6 per cent.) ... 10 , lO
Ditto, ditto ......... ......... 20 ......
East Lancashire
Ditto, New
Do., New Quarters
East Lincolnshire -
Edinburgh and Glasgow
Ditto, Half Shares
Ditto, Quarter Shares 12% .....
Edinburgh and Northern ... 22% ......
Ditto, New..... ........ ......
_3% — ...... to

..
Ditto, New port.. ..
Ditto, ditto, New 2l/4 ••• .•• to
Exeter, Yeovil, & Dorchester 2%
Ditto New -

Glasg., Dumfries, & Carlisle..B/. 6.8 d... to
Glasgow, Kihnarnock, & Ayr 50 ......
Ditto, New
Do. Preference Consolidated 15
Great Northern.... .......... ... 104 43/4%4— to
Do. London &I York Exten. 2% 3/4... .. to
Gt. South. & West. (Ireland) 37
Great North of England 100 — •••••• to —.
Ditto, IN t w 40/
Ditto, New 30/................ 30 ... .. .. to ....

Ditto, New 151.-- ... 6l/i...... . ... to
Great Western 9O —

Ditto.

Half Shares 5O
__ .

Ditto, Quartet Shares
Ditto, Fifths 2O
Do. New 171 --- -
Huddersfield and Manchester 24 .~
Ditte, Thirds 8
Hull and Selby 50
Ditto, Half Shares
Ditto, Quarter Shares 121,4 — to
Ipswich & Bury St. Edmunds 17% — to
Do. do. and Norwich
Do., do., Extension Scrip
(late (Carob. and Ely) 21A...... ..... to
Lancaster and Carlisle.... ... 50
Do., Thirds lO ......
Lancashire and Yorkshire ... 93 .....
Ditto, ditto
Ditto Half Shares - 38
Ditto Quarters 144 ...... ... .. to
Ditto Fifths 8
Ditto Sixteenths ........... 6A.-- ..... to
Ditto Thirds (Reg.) ... 101.45. 4% dis. to
Do. Liverpool and Bury... 38
Do. (Rudders. and Sheff.) 33
Do., Wakefield, Pontefract,
and Goole
Do., West Riding Union ...41. 25.....
Do., Preston and Wyre ... 25
Do., do., Half Shares (A) 9
Ditto ditto ..............(B) 1% .....
Leeds and Bradford
Leeds, Dewsbury, & Manches. 421,‘,
Do., Branch 1/ Shares ls

Ditto, New Branch (blue). 2V2 — ...... to
Ditto, Extension (green)... 21,2 —
Do., New Exten. (pink)... 21,i — ...... to
Leeds and Thirsk ...—... ...... 40
Ditto, New ••• 22%2. ....
Do., do., Prefer., 6 per Cent. 31.....
Liverpool. Crosby, and Sout h-
port.
2
Liverpool, Manchester, and
Newcastle Junction —21 A ....... to
London & Blackwall ...13/. 6s. 8d
Ditto New, No. 2 5l. 13s. 4d.... .. ... to
Do. Extension ........ ....... 171,2
Lond., Bright., & South Coast 50 37 x. d. to 36% Ld.
Do. Consolidated Eighths... 40 ..., 26% x.d. to
Do. Guaranteed 5 per Cent. 9
De. Prof. Cony. 5 per Cent. 50
Ditto, ditto 1852 50 .....
London and Greenwich... 121.155. 4d...
Ditto Preference lBl 17s 2d... ...... to
London & North Western.....loo 145 147... to 146%
Do. Quarter ......L. and B. 22
Do. do. New ..... . .... ...... .2
Do. do. Fifths
Do. Quarters
Do. 40/. Shares L. &M. 15 .•••••
Do. 40/. Shares...M. and B. 40 ......
Do. 101. 111. and B. (A.) 71/2.....
Do. 101. .. M. and B. (13.) 7% — to
Do. 101... M. and B. (C.) 1
London and S. Western...—. 50 ..
Ditto, New 50/.
Ditto, New 401— ..... .. -. 30
Do. Tenths (Consolidated) 50 ......
Do. Tenths (Consolidated) 40
Ditto, Thirds El. 6s. 8d ...
Lendon, Salisbury, & Yeovil 11A — to
Londonderry and Coleraine... 271/2 — ...... •

Londonderry and Enniskillen 25
Lowestoft (guar. 4 per cent.) 20
Ditto (guar. 6 per sent. ... 3
blanch, Buxton, & Matlock
...3

Manchr, Sheffield, and Linc.100
Ditto 14 Shares (No. 1) ... 18
Ditto, ditto (No. 2) 25
Ditto, IA Shares (No. 3)... 7%...... to
Do., New 101. Preference.. 7% — to
Ditto Grimsby 25 — ...... to
Ditto, ditto.
Ditto, ditto
.. to
Ditto, Shefaeld, and Liss. 7'/ —,

. ~...W-a43.
!..4
.5.,,,.....„,.„...,, -I
... , .1
i''• IL._ ibt_t_ 7.... . , AZIW' 1•v AS ,
' 3 ti'''•,;;,' ' iiig•4 '4 - - •ItP4lllOlOO • 'NZ?" ik
. '4lll 5 •••''' . , Qiiir . 'K' ' ..• • . 111, '•,,,.fr'eKat• -
4111 ••' '' 1` ''' '-•••••' Y..i 4 X • MO*4 ' ••7:l:,i':' ' - Zia ni • .11117 •`', ...
. ''''' '',U.,... Di E v 0i,134•00N. -.; , .6.,' • . . i, ,
...
.....-.0, : • '"•••-
---