The Sun.
London, England, 1846-06-30 00:00:00

THE SUN, LONDON, TUESDAY EVENING, JUNE 30, 1846.

respect and esteem of all good and honest men, the
profound admiration of a grateful nation, as at the
moment tit.j-ris secession from power, of delivering
over the destinies of the cotmntry to his successors in
office. 116 has exhibited the converse of that which
was said of the Minister of old—

" Who to party gave up
, What was meant for mankind."

Sir ROBERT PEEL, when thoroughly satisfied that
the well-being of the nation at large was necessarily
involved in the recognition of the great principles of
free trade, that their adoption by the Legislature was
essential to the commercial prosperity and to the
happiness of his country, hesitated not to sacrifice
place and power, to dissolve and disunite a
party, probably the most powerful that had existed
for many :years, -.to cast away long cherished
private friendships, and to expose himself to the
most embittered and rancorous attacks, the most
venomous and malignant hostility, from a factious
section of the monopolist party. By his conduct he
attained for himself a position probably higher than
that ever achieved by a public man, and well and nobly
has he sustained that high position, and added addi-
tional laurels to those which already had graced his
brow. No one can read the statement of the reasons
which led to the resignation of the PEEL Mini3try
without being impressed with a deep sense of the
high principle exhibited, the magnanimous and
honourable course pursued. Sir ROBERT clearly
pointed out his thorough knowledge of the position
in which his Government was placed. They felt
the impossibility of continuing to administer, with
credit to themselves, the affairs of the nation in the
face of such a reckless and factious opposition as that
manifested by a portion of their former supporters,
and they had recourse to no unworthy means to pro-
long their tenure of office, to retain to themselves its
honours, emoluments, and patronage ; they sought not
the chance of a dissolution for the purpose of retain-

ing power for themselves, although they would un-
hesitatingly have appealed to the country for the
purpose of carrying, in their integrity, the great
measures of commercial policy to which they had
pledged themselves. The point, however, on which
probably the most interest was felt was the announce-
ment of the views and feelings of the late Prime
Minister with respect to the future policy to be pursued

towards Ireland. He had ever s'ated that it was the
great difficulty of his Government. It was on an
Irish question that he sustained the defeat which led
to his abandonment of office. We deeply regretted,
and earnestly deprecated, the pressing on of the
measure, when, as we conceived, the painful causes
which bad evoked it had terminated, and

when tranquillised and peaceful Ireland bore the
most honourable testimony to the efficacy of
the liberal and conciliatory measures brought
forward by the Government. Sir ROBERT,
however, we doubt not, conscientiously conceived it
to be his duty to persevere, and many consistent and
liberal politicians felt it to be their duty to oppose
the granting of the unconstitutional powers to be
thereby created, so restrictive to the liberty of the
subject, unless the most imperative present necessity
existed for their concession. He has spoken out
boldly and fairly as to his feelings on the subject.
He stated that to the opinions which he avowed
at the close of the last session of Parliament, to
the opinions which 'had a practical effect given to
them by the Charitable Bequests Act, and by the
additional vote for the endowment of Maynooth, he
now, when about to relinquish office, entirely
subscribed; he deprecated the inference that,
because the Government had proposed measures
which had been termed measures of coercion,
but which they called measures for the protection
of life, their views with regard to the policy to be
pursued towards Ireland had undergone any
change, and he now stated that, in his opinion,
there ought to be established between England and
Ireland a complete equality in all civil, municipal,
and political rights—a real and substantial equality,
and that no person should be enabled to say, " that a
different law is enacted for Ireland; and, on account
of some jealousy or suspicion, Ireland has curtailed
and mutilated rights." This is, indeed, a cheering
avowal for the friends of that country—it is all that
can be wished for, or required, on its behalf:
if fully and efficiently carried into execution, it
must remove every well grounded cause of com-
plaint, and make Ireland happy and contented, the
right arm of Great Britain, a source of strength and
power. We trust the intention will be ably followed
up by the new Government, now that they are
assured of the zealous and cordial co-operation and
the powerful support of the Right Honourable
Baronet in giving effect to their good in-
tentions. With respect to the Executive Ad-
ministration the confidence of the Crown should
be bestowed without reference to religious distinc-
tions. He stated the difficulties which he had expe-
rienced in giving effect to that principle, and that if
his successors should act thereon, they should hear
no complaint from him on that ground ; and he
avowed his readiness to co-operate with those to
whom the practical administration of affairs might
be entrusted on the vitally important questions
of the social condition of the people, with
respect to the tenure of land and the relationship
between landlord and tenant. These manly and
honest declarations were deservedly received with the
most entire approbation by the House. Sir R. PEEL
has most assuredly done all in his power to smooth
the path of his successors on the Irish questions, and
we doubt not that they will receive at his hands a
reciprocation of the honourable support which they
rendered to him in giving effect to his great measures
of commercial policy.

According to the Frankfort Gazette, Cracow will
henceforth be governed by three directors, SCHINDLER,
the ex-president, nominated byAustria,MicgoszEwsKr,
the ex-director of police, nominated by Russia, and
the senator, VICTOR KOPFT, nominated by Prussia.

Accounts from Switzerland, dated Zurich, June
25, state that the Canton of Tessino has demanded of
the Diet a law declaring that' military capitulations
with foreign states -are incompatible with the na-
tional institutions of Switzerland, and that when the
existing capitulations shall have expired, they shall
not be renewed. On the suggestion of the Canton
of Thurgovia, seven of the cantons have agreed to
demand simultaneously of-the Diet the dissolution
of the alliance of the Catholic cantons. The Direc-
tory has demanded of the Government bf Lucerne
a categorical explanation of the nature and object of
this alliance. The Lucerne authorities, in reply,
transmitted to the Vorort a copy of the programme
of the conferences at Lucerne, which has already
been published.

Madrid papers to the 23d have been received. The
Government had received information from Portugal
stating that Miguelite bands had appeared in different
parts of the country. The Spanish authorities hav-
ing been informed that an enteute of the ex-National
Guard of Madrid was organised for the 24th, had
adopted measures for the preservation of the public
peace, and the repression of all attempts at disorder.
The Infant Don ENRIQUE left Bayonne for Paris
on the 25th June. He was escorted by the whole
garrison, and a salute of twenty-one guns was fired at
his departure. He goes on a visit to King Louis
PniLirrE, by special invitation. lie is to remain
some days in Park, and to proceed from thence to
Brussels steul visit his
Generalsister,friNo mARv whenceAEz will,
N he will re-
ll
leave. Bayonne.
Bayonne for Paris in a few days.
Five per Cents. at 2(W.
and those of i'slaatLT
fw. were done at 331/2 for cash ; the
r paperi ; the Debt without In-
The Three per Cents
aotfwthe Lank of San
terest at 61/2 for ea-ill ;"and
Fernando at 2SO ;

receivedmment
upon
ot
nh e
the defeat of Sir R. PEEL
on 3 papers of Sunday
on the Irish Bill, and the change of Ministry which
must take place in consequence.
Theylre all comment
The Journal des [Wats says—
" The vote which has for the present terminated the Minis-
terial career of Sir Robert Peel, tcok
place at a quarter pas
two o'clock on Friday morning. A few hours before that
event the Corn Bill was, without going to a division, read a
third time by the House of Lords. On the same evening, in
the House of Commons, the Conservative Minister played
his last game, and had against him a majority of 73 votes.
We were certain of his defeat. It was evident for some time
past that the majority of 1841 was in a state of complete dis-
solution. Nevertheless the result of the vote, or at least the
number of the majority, has surprised every one, and can
only be attributed to the conviction felt generally, that Sir
Robert Peel had resolved to retire at all events. It is a
remarkable fact that during the debate that preceded
this defeat, Sir Robert Peel obtained a great triumph.
Each of his adversaries before voting against him exalted
him ty his words and as it were demanded

pardon for the blow he was about giving him. Mr.
Charles Buller, Mr. Shell, Mr. Cobden, three most im-
portant Members of the House, made it a point to justify

their intended vote against the Minister. Nevertheless, not-
withstanding all these testimonies of admiration and respect
that he received from his adversaries, Sir Robert Peel is
not less thrown out of office. The considerable majority
which decidtd the struggle sufficiently proves to Idin that he
can do nothing more in the present House of Commons, and
that he must ath pt another course. If it could ever be per-
mitted to assert that the Legislature did not actually re•
present the country, it would be most assuredly in the
present case. It is certain that Sir Robert Peel is at this

moment the most popular man in Great Britain. The
illuminations which are about to hail the final
abolition of the tax on bread will display in brilliant
lights the name or initials of the great Minister who
endowed his country with that popular reform, and in a few
days we may expect to find the fallen statesman overwhelmed
with addresses of congratulation, and all the commerc;al
towns voting him their thanks. An artist whose great
talent could not prevent him from misfortune, and who com-
mitted suicide a few days past—Haydon—had previously to
his death appealed to the liberality of several persons of rank.
Sir Robert Peel alone answered the application; and when
overwhelmed with affairs and worried on every side, he had,
nevertheless, an ear for the last cry of the unfortunate artist,
and a generous hand to relieve it. The few lines which the
unhappy painter traced previously to his committing the
fatal act have created as much sensation in England as the
occurrence of a political event."

The Epoque avows that it looks with misgivings
at the advent of the Whigs to power, and fears that it
may jeopardise the entente cordiale which forms the
basis of the policy of M. GUIZOT and Sir ROBERT

PEEL.

The Siecle draws a comparison between Sir R.
PEEL and M. GITIZOT, insinuating that the fall of
the latter will be a consequence of that of the

Former.

The National considers a coalition Ministry, of
which both Sir R. PEEL and Lord J. RUSSELL
shall be members, as sooner or later inevitable, and
regards Mr. COBDEN'S speech as most important,
inasmuch as it proves that such an alliance would
meet with the approval of the League.

The price of bread was increasing in the French
provinces in consequence of a deficient supply of corn.
The Government were adopting means to mitigate
the pressure of the apprehended scarcity and to
keep down the price. At Metz a large quantity
of corn belonging to the War Department has been
delivered to the local authorities, on condition of being
replaced after the harvest.
The Chamber of Peers passed several Bills on
Saturday.
The Moniteur contains the returns of the imports
into France during the month of May, 1546, from
which it results that the duties received upon them
amounted to 13,117,984 f. They have been in May,
1844, 12,575,250 f. ; and in 1845, 14,017,647 f. Those

duties produced, however, during the five first
months of 1846, 62,064,171 f., showing an increase u
769,3831. as compared with 1845, and of 2,587,903 f
over 1844.

The Apostolical Nuncio presented to the KING on
Saturday a letter from Pope Pius IX., notifying his
election to the Holy See. The announeement of the ap-
pointment of Cardinal GIZZY to the office of Secretary
of State by the new Pope is premature. Ilis Holiness
has not yet made any appointments.
Accounts from Algiers of the 19th of June an-
nounce the satisfactory state of the provinces of Al-
giers and Oran. Of the movements of ADD-EL
KADER nothing is known with certainty. Marshal
BUGEAUD, writing from Algiers on the 19th of June,
says—" ABD-EL-KADER was at Assela on the Ist
inst., on his way westward to Sefisila, where he was
said to have arrived on the 10th. Then he would
be close to the Moorish Desert ;" while General
THIERRY, in a letter from Oran of the same date,
states—" that on the 13th he had heard from Ge-
neral CAYAIGNAC that ADD-EL•KADER was about to
rejoin his deira, at El Korl, on the Upper Molonia."
A French soldier, named I3EAUPRETE, who was a
prisoner in the deira of ADD-EL-KADER at the time
of the massacre, arrived, on the 12th June,.at Tiaret,
having escaped almost by a miracle. It is hoped that
others may likewise have escaped, and may even-
tually be restored to their country.
The following intelligence from Rio de la Plata is
published in the Journal du Havre of Saturday :
"The postscripts of several commercial letters from
Buenos Ayres, dated May 8, brought by the Coriolan, mer-
chant vessel, which arrived here yesterday, state that two
Sardinian brigs and an English vessel having succeeded
during the night in forcing the blockade of the combined
squadron, the English and French commanders inimediately
dispatched armed boats in pursuit of them. They were
soon overtaken. The two Sardinians having run aground,
were set on tire, and the English vessel was brought off and
placed at the disposal of the British Commander. An Eng-
lish officer, sent with a flag of truce to Buenos Ayres, had
been massacred by the mob. That event had caused a deep
sensation, and the commanders of the combined forces were
making preparations to revenge that murder."
T. e Three per Cents. were done in the Passage
de l'Opera, on Sunday, at 82f. 85c.; and Northern
shares at 71.5 f.
BUSINESS DONE TN FOREIGN RAILWAYS AT THE
LONDON STOCK EXCHANGE, JUNE 29.

Boulogne and Atniens, 123( —Bordeaux, Toulouse, and Cette
(Mackenzie), 1 % —Dutch Rhenish, ni —Namur and Liege, 34
Northern of France Constituted, 14%—Orleans and Bordeaux, 914
—Paris and Lyons Constituted, G4—Paris and Strasbourg Consti-
tuted, 494—Sambre and Meuse, 4%—wrest Flanders, 34 1

APPEARANCE OF THE NEIGHBOURHOOD OF THE
FIOUSES OF PARLIADIENT.—RECEPTION OF THE DUKE
OF WELLINGTON AND SIR ROBERT PEEL.—Last even-
ing, shortly before five o'clock, Parliament-street was
crowded by well-dressed persons, anxious to expres:
their sympathy with the Free-trade Ministers. From
the residence of Sir Robert Peel, in Whitehall-gardens,
to the entrance to the Houses 'of Parliament, the streets
'Ai each side were crowded, leaving merely a clear
gangway for the passage of horses and car-
riages. The Duke of Wellington rode down
Parliament-street shortly before five o'clock. His Grace
was greeted with enthusiastic cheering along the whole
line, which he acknowledged by his usual military
salute. At 20 minutes past five the Duke returned from
the House of Lords on horseback, to the surprise of the
public. The fact was he said only a few words in the
House, announcing the resignation of Ministers, and then
left.

The public were anxiously waiting for Sir Robert
Peel, who did not make his appearance til

- -
half-past five o'clock. The Right Honourable Baronet
came down in his state carriage, and the moment he was
recognised the most enthusiastic plaudits burst forth all
along the line until he reached the doorway of the House
of Commons. At that moment the crowd pressed forward
with raptures of applause, and his feelings were deeply
affected. The sight altogether was very Interesting, and
the feeling intense.
• '

RECEPTION OF SIR ROBERT PEEL ON LEAVING TELE
HousE.—Sir Robert Peel left the House at half-past
seven o'clock, and proceeded on foot, between the
Chancellor of the Exchequer and Sir George
Clerk, to his residence in Privy Gardens. On 1 ac-
ing the Members' entrance he was received with
loudest demonstrations of applause, and was accompanied
to the doors of his residence by upwards of 2,000 ivr-
sons, who cheered him repeatedly. The Right Hon. Ba-
ronet repeatedly acknowledged the plaudits, and ap-
peared much affected. The crowds about the two
Houses of Parliament did not separate until the house
had adjourned.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER TO THREE.
The Cotton Market at Liverpool yesterday was dull.
Sales 5,000 to 6,000 bales, at fully previous rates. Shares
were steady.
There are no arrivals to -day with later colonial or foreign
intelligence, but the extraordinary events in home politics
during the last few. days absolutely engross almost un-
divided attention, while already we observe symptoms of a
disposition to test practically the advantages of the new
tariff.

The decisions in favour of the legality of Railway Scrip
Transfers excite much satisfaction in the City, because what-
ever might have been the intention of Parliament to unsettle
the immense business done hitherto, and open the door to
litigation, would be of the most serious consequences for
brokers and clients.
The Funds are looking very firm again to-day, and there
is more inclination to transact business, the dividends being
due in the course of a few days. Consols are 95%1/2 for the
opening.. New Three-and a-quatter per Cents. have touched
97. Bank Stock has been quiet at 205. Exchequer-bills
have not been quite so well supported. The premium is 9s.
to 14s.

The Foreign Market is looking well. Spanish Three per
Cents. are 37 to 14, Venezuela Bonds have been done at
421,x, Portuguese Four per Cents. realise 491, to 50, and
Mexican have declined to 27% %. Dutch Two-and-a-Half
per Cents. have been quoted 61.
Shares have been generally in more favour; and, with the
breaking up of so 'many of the new schemes, au improve-
ment in prices is likely to be the result.
inunsu FUNDS. ONE
O'CLOCK. PRICES.
Bank Stock .. •• 205 20i
'Three per Cent. Reduced Annuities 95%% 95%
New Three-and-a-Quarter per Cent. Aims. 967 k 97 97
L-nig Annuities, Expire Jan. ft, 1860 .. 10 3-16 U% 10%
Ditto, 30 years, Oct. 10, 1859 .. 10 1-16 10 1-16
India Bonds, 1,000/.
Ditto. under 1,0001. 18 p
Consols for Opening .• 95%%%
Exchequer Bills. 1 d.
1,0001... .... 9 14 pm.
Ditto. Small .... 14 pm.

o_\'E
O'CLOCK.

FOREIGN FUNDS,
Brazilian Bonds, 5 per Cent ..
Ditto, New Bonds, 1829 and 1839 .
Chilian Bonds, 6 per Cent .. . .
Ditto, for the Account
Grenada, 1 per Cent .......20
Mexican Bonds, 1837, 5 per Cent .. 27%
Ditto, Deferred .. 16%
Peruvian Bonds, 6 per Cent. .. 36%
Portuguese Four per Cent .. 50
Ditto, for the Account 49%
Fpanish Bonds, 5 per Cent ..
Ditto, Passive Bonds .. - 5
Ditto, Three per Cent .. 37 37
Venezuela Bonds, 2 per Cent .. 42%
Ditto, Deferred;
Dividends on the above payable in London.
Dutch Two-and-a-Half per Cent .. 61
Ditto. 4 per Cent. Certificates .. 93%

18 p
95%

CLOSING
PRICES.
5516
S2y,

5
37
41
13