The Sun.
London, England, 1848-09-12 00:00:00

EVENING, SEPTEMBER 12, 1048,

GERMANY
AND. -

THE NORTHERN STATES.

AUSTRIA.

The Wiener Zeitung of the 6th inst. officially an-
nounces that Field-Marshal RADETZE.Y. has again
notified, under date of the 28th August, that all poli-
tical fugitives, who are truly Austrian subjects, are
permitted to return without molestation or fear of
the administration of justice for their past misde-
meanours.

The Minister of War, in a public notification, an-
nounces that independently of the Trophies in arms
and artillery at the taking of Vicenza, Treviso, and
Palma, the Royal Imperial troops have taken at
Austozza alone 15 cannons, 5 howitzers, and at
Pizzighettone, Milan, Peschiera, Brescia, and Pla-
centia 258 cannons, 28 howitzers, and 18 mortars of
different calibre, besides 37 munition carriages, and a
large quantity of munition and other war stores.

Several modifications are about to take place in the
composition of the Cabinet, in consequence of the re-
signation of Vox SCHWAIiTZEN, the Minister of Public.
Works. The Ministry of Public Works has been
offered to M. MAIER, Deputy at Frankfort. It is
also said that DORLHOEF will confide the portfolio of
the Interior to BACH, and will himself take the port-
folio either of Public Worship or Instruction.

PRUSSIA.

The news of the defeat of the. Ministry on the
Army Bill was received by the people of Berlin with
shouts of joy. STEIN, the mover of the amendment,
on which they were beaten, was carried in triumph
round the city. The Ministers were hung in effigy,
and the city was illuminated. The Burgher Guard
have resolved to make common cause with the people.
The Assembly met on the Bth, and having been
informed by the , President that the Ministers had
gone to Carlottenburg, to consult the KING, they
immediately adjourned.
s.
F-

in g of the Storthing important political events have taken
place in Europe. Thanks to the strength of our insti-
tutirms, we have avoided the c,nvolsions which oth,r
countries have undergone ; but, unfortunately, Norway
has felt the influence of these shocks in its commerce,
navigation, and finarcial resource!. It is with real
satisfaction that I express to you my gratitude for tic
readiness with which the Storthing has united its
Efforts to mine to lessen the effects which present cir-
cumstances produce on all the branches of our industry.
The object of my incessant care is to labour conjointly
with friendly Powers to preserve general peace, to- re-
establish in Europe the tranquillity and confidence which
are the conditions sine yud non of all social relations,
and of the common welfare. It was in pursuance of
my Efforts for this object that I thought right to co-
operate, even in making considerable sacrifices for the
two united kingdoms, for putting promptly an end to
disputes which seemed to threaten not only the general
peace, but also our frontiers and our dearest interests.
The propositions which I addressed to the Storthing on
this subject obtained the reception which I expected on
the part of the magnanimous Norwegian people. I
entertain the hope that the pacific settlement of these
differences, towards which, faithful to my principles, I
direct all my efforts, is not now distant. I re-
gret that present political circumstances have pre-
vented my coronation and that of the Queen from taking
place this year. According to the desire expressed by
the Storthing, the ceremony shall be gone through its
soon as possible. I flattered myself with the hope of
being able to stay some time at Christiania, surrounded
by the representatives of my faithful Norwegian people,
and of being able on the present occasion to address my-
self personally to you, gentlemen. Events, however,
have prevented the realisation of this hope, in address-
ing my royal salutations to you, I implore from Heaven
the greatest blessings on Norway and on the inhabitants
of this country, and I give to all of you, gentlemen and
loyal Norwegians, and to each of you in particular, the
assurance of my royal affection.
(Signed)

" OSCAR."

On the conclusion of the address the members of
the Storthing cried " GoD protect the KING, the
country, and the kingdom of Sweden !"

POLAND.

The cholera has appeared with great violence in
the province of Lublin. In the small town of Kras-
Hystau.more than 400 persons have died of it. The
disease broke out immediately after the arrival of a
regiment of Cossacks, several of whom have fallen
victims to it.

ITALY.

ROME.

The Epoca of Rome, of the Ist, publishes a cir-
cular addressed by the Marquis MATO, President of
the National Club of Rome, to all the clubs of Italy,
proposing a general organization of them by a com-
mon statute.

It was currently reported at Rome, on the 30th ult.,
that the POPE had confided to M. DE Rossi the task
of organizing a new Ministry.

PIEDMONT.

nuPro Boru, whose arrest and exile from Genoa
was the cause of the late disturbances in that city, re-
turned on the sth. The citizens intend to get up an
ovation in his honour.

Ctt) ,
CITY, QUARTER TO THREE.
In the Cotton market at Liverpool yestei day the sales
r., 5000 bales. American r, alis: d 30. to 54d. per lb.
In Rada ay Shares a fair business eras done, and an im-
proved fedi! g Nistcd in the market.
e vessel C, lately a, charter, d by the Hudson's Bay
'l.7onipany for CMembia River, is loading, and has been
fur some days past announced as about to leave. Several
parties, we understand, have already offered to proceed
n, Vancouver's Island, but the Company is very anxious
to encourage those only who have some means, or who
are prepared to take upon themselves the responsibility
of affording employment to a given number of hands.
A steamer: is expected from America.
The export trade in British manufactures, although
not very active, is affording fair employment in the dis-
tricts of Manchester, &c., and there is less reason to
complain than we fear there will be as we advance mere
towards the winter. It seems to be admitted that the
affairs of the Continent cannot settle down for some months
in a way to inspire confidence among traders. 'That a
war may be averted is the hope of all, and the impres-
sion of many, though the state of affairs in Germany is
certainly looked at with anxiety. The idea of those
who advocate peace, is that the interest of nations is for
peace, owing to the low state of their finances.
It is so important to resist the efforts of those who
contend that free trade has failed in any respect in
producing the advantages anticipated, that we deem
it important to give some further remarks con-
cerning the " Merino question," It is stated that
" relative to the cause of the distress in Bradford being
chiefly attributable to the importation of French me-
rinos, &c., there is one feature of the case which has
not been put with sufficient clearness before the public,
and which would, I think, if fairly stated, aid in coming
to a right understanding of the matter, so far as the de-
putation, or rather two gentlemen, are concerned. It
must be borne in mind that this deputation went to
London to obtain the assistance of Government, if pos-
sible, in a pecuniary way, towards relieving the distress
which then existed. I think there will scarcely be a
person acquainted with the trade of Bradford, excepting
the gentlemen alluded to, who would maintain that the
distress was either mainly or in any great degree attri-
butable to this cause. Why the thing is so ridiculous
that I dare venture to say nine out of ten who have read
it would scarcely refrain from laughing at this reason
being assigned by these two gentlemen above all others,
because they were both practically acquainted with an-
other cause that would go much farther towards ex-
plaining it, whilst on the other hand they were not very
well acquainted with the nature of the subject about
which they were complaining. It will generally
be admitted that the greatest proportion of suffering
from want in Bradford has been amongst the
woolcombers. The gentlemen forming the deputation
to London knew this fact perfectly well, and Messrs.
Rund and Walker also knew that they themselves had
lately introduced machines into their own establish-
ments that would account for the non-employment of
more woolcombers than all the French merinos
imported would require. I have been told that
they have substituted machine-combing for hand-
combing to a much greater extent than this.
But supposing they have substituted the machine
for a thousand combers, these thousand combers would
not be over -toiled to comb each 221bs. of wool, about
1011bs. of top in one week; and this would, ac-
cording to their figures, account for the displacement
of as many combers, amongst whom the distress in
Bradford chiefly exists, as would be required to comb
all the wool, for all the French merinos they say are
imported. Here, then, we have another reason for the
distress in Bradford, which these two gentlemen were
better than any other two in the town acquainted with
equal in extent to the one they named, but of which
we do not hear of their having said one word. This is,
however, going partly on the assumption that the
50,000 pieces of French merinos said to be im-
ported, have displaced 50,000 pieces of a similar fabric
previously made in this neighbourhood, an assumption
so grossly false that no man at all acquainted with the
trade would make it and at the same time believe it. It
is well known by those who are most likely to have
certain knowledge on the subject, that at no time within
the last six years have so many as 10,000 pieces of
worsted warp double-twilled merinos been made in one
year, and this is the only cloth which can at all be said
to resemble the French merino. But as Mr. W.'s letter
refers chiefly to the free importation of French
merinos, I may state another fact which can-
not be controverted, and that is, that for the
twelve months immediately previous to the ope-
ration of Sir R. Peel's tariff, by which these goods
were admitted free, not two thousand pieces were made
here, and that if French merinos annihilated the manu-
facture of this fabric at all it did it when a duty of
nearly 15 per cent. was levied upon them. Supposing,
however, for argument's sake, that this tariff destroyed
the manufacture of the greater quantity stated, 10,000
pieces, pray how many combers would the manufacture
of that number find employment for. Certainly not
300. How stupidly absurd then does it appear
to put this forward as a principal reason for
the distress, to aid in the relief of which
they went to ask the aid of Government.
The truth is, we never possessed the trade represented
by the French merinos, and therefore could never lose
it, and for any person to assert to the contrary, indicates
an ignorance not only of the character of the fabric it-
self, but of the whole question. If the moderate protec-
tion Mr. W. talks of—and how much that is it would be
difficult to say, if his pocket interest is to determine the
amount —were replaced to-day, it would not cause a
single piece of the worsted warp double twills, formerly
manufactured here, to be made again. I do not
mean to insinuate that Messrs. Rand and Walker
are to be blamed for the effects of the introduction of
combing machines into their establishments; far from it,
for this only proves them to be spirited tradesmen who
keep in the front ranks of their business, for if the
machine economizes labour, and cheapens production, no
power in Bradford would prevent it being brought into
operation either here or elsewhere, and in either case its
effects would have been precisely the same in the end.
But I think they may fairly be blamed for going up to
London and making a great fuss about the effect of
things they did not understand, and neglecting to men-
tion things they did understand which had a much
greater bearing upon the object they had in view.
The Stock Market is much the same as yesterday,
being firm. Consols 86 to for Transfer, and 8641 for
Account; Exchequer-bills, 295. to 325. prem. ; New
Three and-a Quarter per Cents., about to shut, 87 to
87i-; Bank Stock is 1954 to 197; and India Stock, 238 k.
Spanish Three per Cents. are 23; Portuguese Four
per Cents., 21; Mexican, 164; and Chilian, 87. Dutch
Two -and-a-Half per Cents. are 444 s
Shares are rather flatter after yesterday's rally.
(3.,E CLOSING
P {ICES Or I!KITISH FUNDS. O'CLOCK. PRICES.
Bank Stock
3 per Cent. Reduced Anns.. BO4l/11,4 861/2
3 per Cent. Consols Annuities. B6 IA 86 86
New 314 per Cent. Anna
Long Anns. to expire Jan. 1E360
Ditto, Oct. 10, 1859 ... 8 11-16 8 11-16
India Stock 2381/2 2381,4
India Bonds, 1,0001.
Ditto under 1,0001. . a ..... 24 p 24 p
South Sea Stock

Ditto Old Annuities
Consols for Account, Oct. 17
P,xchequer Bills. 2%d. &

1,000/. June 25 2623 p ' 23 p
1,0004 March
500/. Match. 32p 32 p
500/. June
Small, March 29 p
29 p
Small, June
26 p
PRICES OF FOREIGN FUNDS. ONE CLOSING
O'CLOCK. PRICEF.

Brazilian Bonds
Chilian Bonds 6 per Cent B7
Mexican, 5 per Cent. 1846 16%
Portuguese 5 per Cents.
•
Ditto, 4 per CenL
Spanish 5 per Cent. 1840.
Ditto, 3 per Cent ........... .
Dividends on the above payable in London.
Dutch 2% per Cent., 12 Guild 44% 443
Ditto, 4 per Cent. Certificates
Ditto. Account
PRICES OF PAID. AT
DONE
. S.
RAILWAY SHARES. AT ONE O'CLOCK. PRICSI ES.
A berdeen
Amber. Nott., Boston,

•
and Ea.itern Junction n 4 ...... --- ......
ckyroh ;ro and Gal 10 way.. 2,/2 ......
Lielfast & County Down 17V

...............