The Sun.
London, England, 1851-03-06 00:00:00

ITALY.

We read in a letter from Rome of February 24 :
" General Gemeau's fete was kept here last Thurs-
day, Many cardinals and Roman princes were
present, but retired early. The ball was very
brilliant. The first day of carnival, which began
on Satu:day, was not remarkable for gaiety;
Rome is, however, perfectly tranquil, and if the
weather prove favourable, there is every reason to be-
lieve that the carnival will be more splendid than last
year. The premium on specie continues to fall ;
trade is improving, and signs of increasing prosperity
begin to appear. A funeral mass was celebrated, and
a Te Deum sung at the church of St. Louis, on this
day, for the 24th of February."
Private letters from Rome of the 22d ult. state that
Cardinal Antonelli is likely to retire, and that the
Secretaryship of State will be divided between two
cardinals, one of whom is to be entrusted with Fo-
reign, the other with Home Affairs. Cardinal An-
tonelli, however, will, it is supposed, continue in the
post of Prefect of the Palace, so that his influence
with the Holy Father would not be diminished in
the slightest degree.

STATE OF TRADE.
(From the Manchester Guardian.)
MANCHESTER, TIIESDAY.—The termination of the
Ministerial crisis has removed the political pressure
which, in some degree, affected our market last week,
and, with the upward tendency of the raw material,
has encouraged the producers of some kind of yarn to
take a somewhat higher stand than they did a week
ago, and rather added to the firmness of others. The
quotations are fully id. per lb. higher for 20's and 30's
water in the bundle; and also fur pin-cops and warps;
in many instances, id. is demanded. The sellers
have found more inquiry, with an inelinatiou
for business among the buyers, which would have
been attended with greater actual results, if the pre-
vious rates had been accepted. A disposition has been
shown by the home consumers to add to their now scanty
supplies; and by the European merchants, to execute
such limited orders from the manufacturers and dealers
of Germany, Italy, and other parts of the continent, as
their deteriorated trade enables, and the fluctuating
state of our market warrants them to send over. There
have not been any particular indications of business either
in yarns or goods from the India merchants, who have
not yet received their lettere. The telegraphic statement
of the news by the overland mail, posted on 'Change
early in the forenoon, with the detailed accounts con-
tained in the newspapers, received at half-past two, have
not tended to promote but rather to check operations,
as they describe a worse state of trade both at Bombay
and Calcutta. The advices from Constantinople, re-
ceived this morning, represent the market as in-
creasingly depressed in yarns, prints, and gray
and white goods ; the merchants here have, therefore,
shown less inclination to purchase than before. The
present restricted buying on the part of the Greeks is
mainly in connexion with Alexandria. Altogether, the
day's transactions in goods have been on a limited
scale; there prevails, however, a general firmness in
prices; and the sales of 40-inch shirtings effected within
the last few days on China account have rather added
to the value of those articles.

ROCHDALE, MONDAY.—We have had another dull
market to-day; few pieces were sold, and those at re-
duced prices. There has been little or nothing doing in
wool ; those manufacturers who have purchased have
given less money for it.
MACCLESFIELD, TUESDAY.—The :demand for manu-
factured goods has not received any impulse since our
last ; the wholesale houses still demurring to give
any advance on the prices of last year. Should this
feeling continue, we fear that many more operatives
will be thrown out of employment. The thrown silk
market remains in the same inanimate state as quoted
for some time past. Notwithstanding this continued
flatness, we do not hear of prices having given way in
the least. The dyers are again very slack of work.
The raw silk market remains firm, with, however, very
little business doing.
HUDDERSFIELD, TUESDAY.—We had but slight hopes
this morning of any business being done; in our market
to-day ; and, indeed, our expectations were realized
up to ten or eleven o'clock, as ❑othing was done before
that hour. But after the resumption of office by the
late Ministers became generally known, business took
a change and began to be brisk nearly at once ;
and indeed a very good trade has been generally done,
but more especially amongst the lighter quality of
woollens and fancies for the spring trade. Mixtures
have been inquired for. In the wool trade it has been
flat, though the dealers are more open for bargains than
they were a fortnight since.
HALIFAX, SATURDAY.—The uncertainty that (hangs
over our domestic politics, and the increasing depression
in every branch of the worsted trade, make almost every
one unwilling to enter upon any operations, either in
wools, in yarns, or in manufactured goods; and prices
may be considered as almost nominal. . .

LEEDS, TUESDAY.—There is no change to noticein
the woollen trade since our last report. The markets
have been dull at the Cloth Halls, both to-day and
Saturday 14st. Prices unaltered, and stocks are not heavy.

THE FINANCES.
(From the Derbyshire Courier.)
" Most people," says our politic contemporary, the
limes, " are now agreed upon the conclusion that Go-
vernments rise and sink, thrive or decline, in accordance
with the success or failures in the administration of
the public finances." Now this is a proposition
which we are by no means prepared to dispute.
The head of a family may be liberal, learned,
scientific, full of enlightened views and patriotic
aspirations, but if the finances of his establishment are
suffered to fall into confusion, his liberality fails to pro-
vide just remuneration for his dependants, his learning
and science are rendered inoperative, and all his en-
lightenment fails to secure the comfort, happiness,
and respectability of " those of his own household."
As it is with a family, so it is with a nation.
And, therefore, it is of the highest importance that a
country, and especially an old, a thickly-populated,
commercial, and deeply-indebted country, should pos-
sess, at least, one able financial Minister. No one will
accuse the late Chancellor of the Exchequer of
being this very desirable national functionary—a
good financier. Finance does not seem to have
been the forte of the late Ministry, and certainly
a more unsatisfactory, feeble, do-nothing Budget was
never intruded on the patience of a Parliament, than
that of Sir Charles Wood. It, doubtless, has ba-
nished him from office, and accelerated the downfall of
the Ministry which he encumbered with his assistance.
His refusal to adjust the income-tax, so as to
make an equitable distinction between the income
derived from personal exertion and professional
energy, and that derived from realised capital,
decided his fate. When, in 1842, after an ineffectual at-
tempt to raise the income of the country up to its ex-
penditure, it was sagely proclaimed that "indirect taxa-
tion had reached its limit," and with a deficit of upwards
of ten millions, the nation, in despair, submitted to the
imposition of an income-tax, which Peel assured them
was the only means of escaping from their embarrass-
ment, the country was too glad to get out of its
difficulties to inquire minutely into the means of
relief. But after the experience of some years, and find-
ing, moreover, that what was accepted only as a tempo-
rary expedient, is likely to become a permanent impost,
it is natural that all who pay this tax should insist
on its being equitably apportioned. There would
have been, we conceive, no real difficulty to
a man of business in doing this. But difficult
or not, the country expected that it should be at-
tempted ; but this expectation the Chancellor
disappointed, and his whole plan was weakness itself.
The country, as Mrs. Malaprop would say, does not ad-
mire the " ineffectual" qualities in a Chancellor, They
had hired him, and found him wanting. .2V ex quosis
',mi° Mercurius fit. But where are we to look for the
" coming" Chancellor? Would it not be well for the
country to advertise (our paper is " an excellent medium
for advertisements") for a Chancellor of the Exchequer?
He must be sober, and active, and understand his
business. He will be required to modify the income-tax,
so as to give satisfaction to everybody. To take five
millions or so off malt, and put it on something to which
nobody can object. He must be prepared to give up the
window-tax, paper, tea, soap, stamps, land-tat, hop
duty, with others of which the particulars may be seen
at the office. And lastly, he must so contrive that the
agricultural interest may, in some way or other, be in-
demnified for a loss of some fifty millions by the fall of
prices. And, when not better engaged, he will be ex-
pected to devise a plan for paying off the National
Debt.

Lord Stanley, it seems, has engaged to do his best to
form a Ministry—and we hear, from excellent authority,
that he has full power t But no remedy which does
not go to the very root of the financial evil, will meet the
exigencies of the country. We have seen Ministry after
Ministry based by the state of the public finances;
then what, we ask, would be done, if we should be
forced into a war? We must then return to
Yu' s sys-
tem—improved as much as you please—of a represen-
tative paper money. And by this means only can we
fight against the national indebtedness, against the dis-
tress which periodically pervades our agriculture, our
commerce, our manufactures, and against the in-
creasing requirements of our teeming population. One
Ministry may fall, and another rise, but we base our pi
diction for the future on the experience of the past, when
we say that without a real reform of the monetary
system, no Ministry, Protectionist or Free-trade, Whig
or Tory, can permanently retain office.

ACCIDENT TO THE STEAMER. ATALANTA.--00
Sunday evening last, about six o'clock, as this boat was
coming from Harwich, and when opposite the cuff, she ran
foul of the Admiral Codrington's anchor, which had been im-
prudently left without a buoy, or any one on board at the
time. There were 18 or 20 passengers on board the steamer,
who were taken on shore in boats ; all the valuable pro-
perty, carpets, looking-glasses, &c., being taken out of the
cabin as speedily as possible, and happily without sustaining
injury. The boat quickly filled with water and sank. For-
tunately, the damage done is very trifling, and another boat
being in it
reserve,Waa of course put on the station the fol-
lowing morning; the public, therefore, sustained no incon-
venience, nor is the slightest blame attributable to Captain
Cook, of the steam-boat, or any of the crew. We think it
desirable that the authoritiei should take coguisance of such
a matter as this, in order to prevent any similar occurrence,
by which human life is considerably endangered,—lpswich
Express.

Dividend Amount
Same of Company. per of Paid. Prioe.
Annum. Share.
s. d. a. d.
Australasia •••••• • • • • V. per cent. 40 0 0 40 0 0 34
BritshNorth American 51. per cent. 50 0 0 5O 0 0 -
Ceylon ••••..•• • • • • •• 25 0 0' 25 0 0 -
Commercial of London 61. per cent. 100 0 0 20 0 0 25%
Colonial 21. per cent. 100 0 0 25 0 0 -
Gloucestershire •• • • 15/per cent. -
lonian ••••••.. • • • • • • 61. par cent. 25 0 0 25 0 0 -
Landon and County .. 61. per cant. 100 0 0 20 0 0 -
Londn and Westminstr 61. per cent. 50 0 0 20 0 0 -
London Joint-Stock 6i. per cent. 50 0 0 10 0 0 17%
Provincial of Ireland.. ! 81. per cent. 100 0 0 25 0 0 -
Ditto, New......... ! 8/. per cent. 10 0 0 10 0 0 -
National of Ireland .. 51. per cent. 50 0 0 22 10 0 -
Nat. Provincial of Eng. 61. per cent. 100 0 0 35 0 0 -
Ditto, New. • •• • • 51. per cent. 20 0 0 10 0 0 -
South Australia •• •• •• 61. per cent. 25 0 0 25 0 0 -
Union of Australia • • 61. per cent. 25 0 0 25 0 0 34
Ditto • ....... • • • • 61. per cent. - 2 10 0 3%
Union of London... 61. per cent. 50 0 0 10 0 0 -
Union of Madrid .•... 40 0 0 40 0 0 -
INE11:111ANC113 COMPANIEIB.,
Dividend Amount
Name of Company. per of Paid. Price
Annum. Share.
s. d. X s. 41.
Albion .. •••••• •• • • .• Si. 10s. 500 0 0 50 0 0 86
Alliance Brit. and For. 7114s6d&bs 100 0 0 ! 11 0 0 -
Ditto Marine. •• •• •• 61. per cent. 100 0 0 ' 5 0 0 -
Atlas 138.6 d. 50 0 0 510 0 17%
Argus Life ••.•• • • • • 4i.per cent. 100 O 0 16 0 0 -
British Ceramercial • • 73. 6d. 50 0 0 5 0 0 7%
Clericl,Med.&Gen.Life spr ct.&bs. 100 0 0 10 0 0 20
4/. 100 0 0 10 0 0 86
14s. SO 0 0 5 0 0 15
Eagle ss. 50 0 0 5 0 0 6%
European Life ••• • •• 10s. 20 0 0 All paid. 11%
General ••••••• • •• •• 0 0 5)4
Globe
Guardian •.•• • • • • 51. 100 0 0 45 0 56
Imperial Fire .... •• 121. per cent. 500 0 0 50 0 245
Imperial Life • • 12s. 100 0 0 10 0 18%
Indemnity Marine,. • • 11. slit. & bs. 100 0 0, 20 0 47%
Law Fire 100 0 0 ! 2 1 0 2%
Law Life.......... 11. 16s. 100 0 0 10 0 46
Legal and General Life 50 0 0 2 0 4%
Licensed Victuallers • • 5 0 0 1 0 -
London Fire .... •• • . 10s. 25 0 0 12 1 0 17%
London Ship
Marine •• • •..• 15s.per share 100 0 0 15 0 6%
Med. Invlid &Gen. Life 4%1. per et. 50 0 0 2 0 2%
National Lean Fund- 51. per cent. 20 0 0 2 1 0 2%
National Life.... -
Palladium Life 5l. per cent. 50 0 0 2 0 2%
Phoenix - 155
Professional Life ...... 51. per cent. 6 5 0, 0 1 0 205.0 d
Provident Life........ 11. ss. & bs. 100 0 0 10 0 30
flock Life............ ss. 5 0 0 0 1 0 6%
Royal Exchange Si. p.ct. k be. Stock. 215
Sun Fire. - - 209
Ditto Life 11. 6s. 48
United Kingdom .... 41. p. ct.&bs. 20 0 0 4 0 0 3%
Universal Life.....• 10% ct.lk bs. 100 0 0 10 0 0 -
Victoria Life . 51. per cnt. - 4 12 6 5

Name of Company.

East London..•. •• •• ••
Grand Janctian • • •• ••

$l. per cent.
41. per cnt.
41. per cut.

Lambeth ............ 51. per cnt.

New Rivr Lndn lirdge
Vauxhall
West Middlesex . . •

it. Os.
51. per cnt.
51.05. pr cnt.