The Sun.
London, England, 1833-03-30 00:00:00

conducted by him nobodl could doubt that ; for had it not
been for his exertions the paper could not have been carried
on for four days. That in the course of the last two years and
three months the debts and difficulties of the paper should be
increased was not at all surprising, when it was considered that
Mr. Grant had set up a rival paper, which he called the
True Sun.
The LORD CHANCELLOR—The True Sun dawned upon
me for the first time, when the case was last before the Court.
Sir K SUGDEN—It was not at all surprising that the diffi-
culties and losses of the paper should be increased, when a
rival paper was set up exactly opposite the place of
business of the old San, bearing the attractive appellation of
the True Sun, and the People's Paper. In his walks in the
neighbourhood of which these papers were carried on,
he must have been blind indeed, had he not perceived
the placards placed in every direction, in order to excite
and arrest the attention of persons from the old to the
True Sun. It was not, under such circumstances, at all
a matter of surprise that the difficulties and debts of the
old Sun had increased. Indeed it was a matter of surprise to
him that the receipts had equalled the enormous amount they
had, considering the difficulties under which it had laboured.
Whether it could now stand up against the rivalry of the peo-
ple's own paper, he could not say. But this he knew, that
the people were strong enough to destroy the one, and
set up the other. Mr. Young now stood as a creditor on the estate
to a large amount, and the moment that his bidding at the
sale was allowed, his character would be changed to that of
purchaser. He had every motive to conclude the purchase ;
and from the extent of his money now involved in the con.
cern, it was impossible that Mr. Young could have any other
motive in view than becoming a bonafide purchaser. And unless
the creditors could get a much larger price than the debt now
due to Mr. Young would cover, it seemed to him utterly
impossible that the interests of the creditors could be better
consulted than by adopting the course asked for by Mr.
Young.
The LORD CHANCELLOR immediately expressed him-
self in these terms :—I confess I am very much surprised that
the assignees, whose interests it was—whose bounden duty un.
doubtedly it was to abstain—and to take such steps as were
likely to enable them to get as high a price as possible for the
bankrupt's share—to abstain from any thing, and to dis-
countenance any thing that was calculated to lower the value of
the paper—l am surprised that they should not rather have
privately elected to grant what is now asked, rather than
have had all this made public. It does Mr. Young
no harm whatever, but I am quite sure it tends to lower
the price—to lower the value of the property ; to have it
made to appear that the paper, from whatever circum-
stances—whether from want of skill, or from negligence, or
from want of address on the part of Mr. Young, which is what
is meant to be said on theone side—or whether owing to the
rivalry, which is the supposition or statement on the other
side—from whatever cause, it clearly has been now made public
that this paper has not been in a very flourishing condition for
the last 8 or 10 months.

Mr. PALEY observed that the assignees could not but be
aware of this, but they considered that the injury likely to
arise from this publicity of their circumstances would be less
injurious than acceding to the terms now asked on behalf of
Mr. Young at the Bar.
The LORD CHANCELLOR—And did they really think
there was not a reasonable security on the face of this account
for 1,5001. or 1,600/. ? That's the point. Any man looking at
this account must see that lam safe as far as this goes. It's a
different thing as to the 8,000/. Sir Edward Sugden, you re-
quire both ; that is to say that this should stand as a de-
posit, and then that only security shall be required
in the event of the purchase being declared to be
made by Mr. Young, for the sum that may be given
ultra the 8,0001. Upon that I hesitate a little ; but I grant
the first and second part of the motion ; indeed, the first part
is not opposed. The second part is, that Mr. Young should be
allowed to have his claim considered as a deposit, and I have
no hesitation about that—l grant it ; I don't suppose the ass.
signees can run any risk whatever as far as regards the deposit
in the face of the account. As regards the other part, I
doubt whether I can allow you to take that without
giving any more security whatever, but I will look into the
account, and let you know what I can do. I will look into it,
and consider whether any, and if any, what part of this is such
as to afford a reasonable security. I entirely agree wills Sir
Edward Sugden in the last observation he made about Mr.
Young being the natural market for this paper—it is quite clear
he is the natural and proper market for the paper.

Sir E. SUGDEN—There can be no doubt of it whatever.
Mr. PALEY hoped the account would be taken to depend
upon what it should turn out to be before the Master.
_

The LORD CHANCELLOR—Oh, It must not be taken
or framed in such a way as to make it appear that even any
intimation of opinion has been given by me, that is likely to
turn out that this is the real state of the account—that is to be
matter of further investigation.
Sir E. SUGDEN—Undoubtedly!

Mr. PALEY—What is to be done is to be subject to the
taking of the account.

The LORD CHANCELLOR--Oh, clearly. All you want
is to see that a man shall not come forward who is a
stranger, to bid and who is not able to become a
purchaser, and that you shall have one who will make a
proper deposit. Supposing 11,0001. to be the likely sum to be
offered for these shares of the Paper,--and I am much afraid,
from what has appeared to-day, it is not likely to be 11,00 W.,—
if, however, you take it to be 11;0001., then 1,1001. or 1,2001.
will be all the deposit that will ever be required.

Sir E. SUGDEN— Will your Lordship be kind enough to
bear in mind that the sale is fixed for the 2d of April?
The LORD CHANCELLOR—I see that ; and that is the
reason why the motion presses. Let me have the affidavit.
You have no affidavit, Mr. Paley, in opposition.
Mr. PALEY—No, my Lord, there is no affidavit on our
side.

SHIPPING INTELLIGENCE. (THIS DAY.)

FROM LLOYD'S.

DEAL, MARCH 29.—Wind S.E.—Arrived the Macqueen
and Duchess of Athol from China. Sailed the outward bound.
Remain his Majesty's ship Talavera, three French frigates, one
corvette, and a brig, _

PORTSMOUTH, MARCH 29.—Wind S.E.—Arrived the
Castilian Maid, Scott, from St. Miehael's.

PLYMOUTH, MARCII 28.—Wind S —Passed by the Earl
of Eldon, Theaker, from Bombay ; and Kitty, Brodrick, from
Messina.

FALMOUTH, MARCH t28.--=-Wind S.W., fresh breezes and
squally.—Arrived his Majesty's ship Royalist from Lisbon—
sailed the 10th inst., and from Oporto the 15th ditto ; and the
James Todd, from Port-au-Prince. Off port, the Adah,
Martin, from Port-au-Prince ; and Traveller, Harvey, from
Aux Cayes.

LIVERPOOL, MAacit 28.—Arrived the Chandos from
Jamaica; Herald, Duff, and Mary Catherine Jane, from
Charleston ; John Jay, Meany, from New York; and Achilles,
, from Odessa. Off port, the Britannia, from New York ;
Lady H. Ellice, from Baltimore; and Ellen Jenkinson, from
Lisbon.

SLIGO, Mallen 27.—Arrived the Atlantic, Leavett, from
New York.

CORK, MARCH 27.—Arrived the Bounty Hall, Jackson,
from Bengal ; and Carmarthen, Hayes, from Newfoundland.
Sailed the Orissa, Todd, for Batavia and Singapore.
PORTLAND, MARCH 29.—Arrived the Simon Taylor,
Christie, from the Mauritius.
COWES, MARCH 29.—Arrived the Reform, Lamb, from St.
Domingo ; and Ulla, Wicklander, from New York.
SCILLY, MARCH 28.—Arrived off port the Hawk, from St.
Michael's.

BRISTOL, MAncu 29.—Arrived the Prudence, —, from
Messina.

BRIGHTON, MARCII O.—Arrived off port the Two
Brothers, , from St. Michael's.

The Anna, Robertson, from Jamaica, has arrived off the
Wight.
The Restaurador, from St. Übe's to Dublin, was run foul of
and sunk, on the 4th instant, near St. Übe's—crew saved.
The Lovely Ann, of London, has been fallen in with off
St. Übe's, waterlogged and abandoned.
The Java, Zweet, from Batavia to Rotterdam, has been de.
tained and carried into Plymouth, by the Fox revenue cutter.

CITY THEATRE.—This establishment closed
on Monday last for the benefit of Mr. MANDERS, after
the moat successful season known here since CHAPMAN
first opened it ; all tb,ir novelties have been fortunate,
particularly The Rohe's Progress, which was played at
the City 54 nights, and produced also at Sadler's Wells, the
pavilion, an .I the Queen's ; The Five Degrees of Crime
and The Barn Burners have also been hits at the City,
which re-op, ns on Easter Monday with a new piece, by
the author of the above dramas, and with other novelties.
The company be augmented by some well-known per-
formers.

EAST INDIA COMPANY'S CHARTER.-
The system of Government pursued in India by the
Honourable Company is fully expounded, and illustrated
by a series of remarkable facts, in the work of Major
ARCHER, just published. Besides the narrative of Tours
in the Upper Provinces, and the Journey in the Himalaya
Mountains, Major ARCHER'S volumes embrace an account
of the interior of the Courts of the Princes of Hindoostan,
which he visited officially in the suite of the Commander-
in-Chief ; and he takes occasion, from the circumstances
which came within his own knowledge, to demonstrate
the effects, evil as well as good, resulting from the mea•
sures Originating in the Court of Directors in Leadenhall-
street.

We mentioned yesterday the death of the
female who was admitted into St Bartholomew's Hospital
in consequence 01 the dreadful acciden, which she sus-
tained in Finsbury-square. Immediately upon her de-
cease it was resolved to take 4neasures for saving, if pos-
sible, the offspring of which this poor female was pregnant.
precisely six minutes after life because extinct in the mo-
ther, Mr. Quite, one of the house-surgeons of the hospital,
periorrned the Cmsarean operation, and in the space of
less than a minute extracted a lull-grown male child, quite
dead. The disapp.intment of all present was excessive
when the surgeon declared that the little creature pre-
sented over its body such marks as indicated that its death
must have occurred at a p2riod anterior to that of the
mother, and in all probability it was to ha attributed to
the sane Recideut that proved fatal to herself.