The Sun.
London, England, 1851-07-10 00:00:00

MINES.

Paid. Nominal Prices. I Business donoto-day.
Australian •••• • • • • 4 1% —2%
Barossa Range .. ..... 113 0 334 —B%
Blaenarvon Iron and Coal all
Bolanos Scrip • • •
British 1rv.... .• •• • • 13 5 '• '•
Brazilian Imp. (Is. Si. p.) 2434
Do. Cocaes and Cuiaba all
De. St. John del Re,y.• 15 17%; 193{ xd X.d
Cobra Copper .• .• • 40 3934 41% 403
Copiapo ............ .. 14 634 '7%
General. all 18% 14
Mexican& S. American 9 334 435
Real Del Monte, Uureg. 34 %
Do. Black Debentures . • • —'•
Do. Red Debentures .. •• —• "
Santiago do Cuba ...... 10 735 —6%
Tin Croft a
United Mexican ....... 28 2783(, —2%
JOINT STOCK BANES.
Australasia ........ •• • . all 33 343(
British North America.. 50 45% —46
Colonial •• • • 25 1014 —l2
Commercial of London.. 20 25 25%
London Joint Stock .... 10 18% 17%
London and Westminster 20 27% 28%
National Provincial Eng. 38„ „
Do. New ... .... •• .. 10
National of Ireland ...• 2230 18% 20%
Provincial of Ireland.... 25 42 —44 x.d.
Do. New .. •• ••• all 1584 —l5
Union of Australia .. • • all 35 3634 36
Do. New ........ •• • • 23G 3 —3%
Union of London •• • • 10 12% 13%
Union of Madrid • all • • -
MISCELLANEOUS.
Canada •........• •• • • 3234 4434 4634
Gen. Steam Navigation . 14 2634 —2B
Penin. & Oriental Steam. all 69A —7l x.d
Ditto ditto 5 11 934 xd x.d
Royal Mail Steam .. • ... 60 75 —7B

MONEY and COMMERCIAL NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 6,000 bales, of which 1,500 American were
taken for export. The sales comprised 5,000 American,
350 Pernam and Maranbam, at sd. to 64d.; 250 Egyp-
tian at sid. to 7icl.; 300 Surat at 3d. to 4d.; and 70
Sea Island at 10d. to ls. sd. per lb. Brazil were jd, to
id. lower. Other kinds were without material altera-
tion.—Railway Shares were flat.
The six weeks' average price of Wheat is officially
returned at 40s. 10d. per quarter. The quantity sold is
70,331 quarters.
The terms upon which the Sardinian loan is issued
have been slightly altered to suit the convenience of
subscribers. The deposit is now 20 per cent. on allot-
ment, the first instalment is to be 15 per cent. instead of
10, but it is to be payable on the 21st August; the
second is also increased to 15, payable Sept. 20; the
third is 10, due Oct. 21; the fourth also 10, due Nov. 21;
and the last la, payable Dec. 1.
The Secretary of the United States Government
has at length forwarded to the Committee an
answer to the application for the payment of the
indemnity money, and certainly the reasons given
for non-compliance are very conclusive. The Go-
vernment of Mexico has formally assigned over,
the 2,500,000 dollars of the indemnity due next May,
and the American Executive says it will be faithfully
paid. As the whole sum bears 6 per cent. interest, there
is no great hardship in the delay. An assignment of so
positive a character, made we may say, in diplomatic
form, since a copy was forwarded to Lord Palmerston,
and the original delivered by a special ambassa-
dor to the committte, becomes au instrument
upon which even a easus belli might, if the necessity
arose, be founded. There is, fortunately, however, no
prospect of misunderstanding. The Mexican Govern-
me?tmakes punctual remittances, and shows every dis-
position to fulfil its engagements to the utmost of its
power, and the new President is firm, able, and honest.
The following is Mr. Webster's letter:—
"Department of State, Washington, June 2, 1851.
" Sir,—l have to acknowledge the receipt of your letter
of the 25th of April last, accompanied by a copy and
translation of an assignment to you by the Mexican
Treasury of 2,500,000 dolls. of the amount due by this
Government to that of Mexico, on the 31st May, 1852,
pursuant to the treaty of Guadalupe Hidalgo. You re-
quest to be informed where the Government intend to
pay the money, and whether it is disposed to make the
payment in advance. In reply, I have to inform you that
the place and time of the payment will be strictly in ac-
cordance with the terms of the treaty. You will here-
with receive a copy of a letter of the 19th February last,
addressed by this department to Mr. liayly, the Chair-
man of the Committee of Ways and Means of the House
of Representatives. This letter fully expresses the views
of the department upon the subject.
"I am, Sir, very respectfully,
" Your obedient Servant,
(Signed) " DANIEL WEBSTER.
" To Isaac L. Goldsmid, &c., Chairman of the
Committee of Mexican Bondholders, London."
The inclosure in Mr. Webster's letter is a communi-
cation from Mr. Webster sent last February to the
Chairman of the Ways and Means, in the House of Re-
presentatives. It appears that a Mr. J. D. Marks was
alleged to have made a contract with the Mexican Go-
vernment for the payment of the third and fourth in-
stalments due to that Government by the United States.
To show the real bearing of the case, Mr. Webster then
quotes a paragraph from the treaty of Guadalupe
Hidalgo, which states:—

" Immediately atter this treaty shall have hien duly
ratified by the Governm,nt of the Mexican Republic,
the sum of three millions of dollars shall be paid to tbe
said Government by that of the United States, at the
city of Mexico, in the gold or silver coin of Mexico.
The remaining twelve millions of dollars shall be paid
at the same place and in the slaw coin, in annual instal-
ments of three millions of dollars each, together with
Interest on the same at the rate of six per cent. per an-
num. This interest shall begin to run upon the whole
sum of twelve millions from the day of the ratification
of the present treaty by the Mexican Government, and
the first of the instalments shall be paid at the expira-
tion of one year from the same day, together with each
annual instalment, as it falls due, the whole interest
accruing on such instalment from the beginning shall
also be paid."
Hereupon Mr. Webster obvirveia, in continuation:—
" This being a treaty stipulation no branch of this
Government can alter the obligations which it imposes
upon the United States, or enlarge the rights to which
it restricts the Mexican Government. This can legally
be done only by another treaty, duly negotiated and ra-
tified. The article referred to confers no right upon
the Mexican Government to draw drafts upon tbe
Treasury of the United States, and imposes no obliga-
tion upon that department, either to accept or to pay
them. The Mexican Government is to receive its money
at stated times, in Mexican coin, at the city of Mexico.
"It is well known that when the treaty was sent to
the Senate for ratification, the following words followed
what has been quoted from the 12th article:
"' Certificates, in proper form, for the said instal-
ments respectively in such cases as shall be desired by
the Mexican Government, and transferable by it, shall
be delivered to the said Government.'

" But the Senate declined to advise the ratification of
the treaty with these words in it, but amended it by
striking them from the article, and thus amended, the
treaty was finally agreed to by both Governments."
Now it is a very fortunate circumstance fur the bond-
holders that such a p-rmimsion wa, refused, or the whole
of the indemnity money would long since have been
discounted. As it is, they are sure of payment. Me:ars.
Baring Brothers are usually the agents who act in
Mexico for the United Status, and no other firm pro-
bably, except Rothschilds, could possibly carry out the
operation connected with the payment of such a large
amount.

The Funds are very quiet this morning, and the cir-
cumstance of the French renter cominz slightly lower
has its influence. Consols have been 96g to 97, the New
Three-and-a-Quarter per Cents. 98i to 99, and the
Three per Cents. 97i ,i-. Exchequer-bills have realised
501. to 53a. premium.
The Foreign Stock Market has been very fluctuating.
Sardinian Scrip has been lg to 2g premium. Mexican
Bonds opened at 33, have since been 32i, and are now
32* g. Peruvian Stock has been 89i- to 90. Portu-
guese Four per Cents. are at 34. Spanish Five per
Cent'. have realised 20k. Dutch Two-and-a-Half per
Cents. are 59e.
Railway Snares have been rather flat again, but the
traffic returns generally are all that could be desired.
North Stafford and North-Western show particularly
well.
The last week's Railway receipts ascertained up to
this day are in round figures as under:-
1851. 1850.
Great Western...
North-Western X 61.239 ..- 46.516
South-Western 16.744 ••• 11 723
Brighten
Midland
South-Eastern
17,706 ... 14,159
North Stafford 5,705 5,103
Caledonian
• 6 674 ..- 6,479
QUARTER TO THREE.
961 97
... ... ... 96i 97
ONE CLOSING
PRICES OF BRITISII FUNDS O'CLOCK. PRICES,
3 pen tent. ktodtmed Anne.
8 per Cent. Consols Any ines... .., 063,s 97 96'43
New 314 per Cent. Annsn .... • 983i,1% 99 98% 99
Long Anns. to expire Jan.1860
lidle Bonds,_ L00M...,....,
consols for Account
Fxchequer Bills. 1441.
1,0001.
50 53 p
R5°W. ... ......................
-ralll. .- ... ....... -
ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
_
AI-'xican, 5 per it., eX Jan. Coup.
Ditto, Account ........
Ditto, Small
Peruvian Bonds. 5 per Cent -
Ditto, Account
Ditto, Small
Portuguese bper Cents.
31
Ditto, 4 per Cent.
Rrissian Bonds

Consols
Ditto Account

53 p
53 1,
53 p
CLOSINk,
PRICES.

32%
321/2
90114

- ... ... •wa ..... 11M.
Sardinian Bonds, 5 per Cent......
Ditto, Scrip
~.,.11 4. Olir ( 'ant. 1804, ............ _
Ditto Account.-- .. ...... ...... 20EA dis. 1% dis.
S.
Ditto. is par Cent —
Ditto. Account ..... ....
Dividends on the above payable in London.
Dutch 21,4 per Cent. 12 Guild 591%
Ditto 4 per .'ant tiArtiri,...r... .. 92 91%

20%

383/4
504
911/4

------------ —
DE ATM OF AN ARTIST.—We are sorry tO an-
nounce that Mr. T. S. Bell, late a student in the Govern-
ment School of Design, who, on the recommendation of
Sir Richard Westmacott,, R A., was sent out in November
last, by the trustees of the British Museum, to act as a
draughtsman under the direction of Mr. A. H. Layard, in
carrying on his excavations amongst the ruins et Nineveh,
was unturtunately drowned on the 13th of May last, near
Bavian, whilst bathing in the river Gomel, about 0 mils
frcm 81944ci1.