The Sun.
London, England, 1851-09-25 00:00:00

CASTELLI AND CO.

X s. d.
To bills payable, uncovered
To bills payable, less goods
To creditors, on open accounts 10,854 2 11
To creditors, on accounts current hold-

ing security
To liabilities on bills receivable on uc-
count of Rucker and Sons

30,520 14 7

53,100 0 0

Per contra.

206,686 5 6
Cr.
1,960 15 11

By debtors good
By surplus from merchandize hypo-
thecated
By surplus from goods held by creditors
as security

4,073 0 0

By sundry Property

1,339 3 11
7,628 0 0

150,000 19 0
This is just about suffilient to pay ls. 61. in the
pound; but if the produce in the hands of parties who
have made advances, but who cannot sell without the
consent of the creditors generally, should realise better
prices than those current a week or ten days back, when
the estimate wes made up, there may be an increase of
assets. Mr. Castelli estimates the property as being
likely to yield 2s. 6d. in the pound. In either case the
result is miserable enough, and if the estate be forced
into the Bankruptcy Court, as some of the creditors
threaten, we can pretty well guess the issue, seeing
there is produce hypothecated to the amount of 500,0001
And yet the capital of the firm was but 35,0001. two
years ago, and every partner had gone out except Mr.
Castelli, prior to September, 1850, after having lost all
the money placed in the firm. The question will arise
whether they are not liable for the debts up to that date,
but as they reside in Italy and are foreigners, there may
be very little use in trying the question if great (lit:lieut.
ties arise. The great losses of the firm appear to have
been upon corn, cotton, silk, ard coffee, imported in
1850. The following resolutions were adopted by the
creditors :
" 1. That Mr. Whately, cf the firm of La Breton,
Whatcly, and Co., and Mr. William Kettlewell, of the
lonian Bank, be requested to he inspectors, with power
to appoint a third inspector,
2. That a deed of arrangement be prepared with
proper provisions for the winding up the affairs under
the above-mentioned inspectors, end or securing the
due liquidation and the early distribution of the assets,
pro rata, amongst the creditors, and according to the
rules of administration in bankruptcy, and containing a
covenant by Mr. Castelli to carry on such liquidation
under the inspectors, and covenant on the part of the
creditors not to sue Mr. Castelli for twelve months, and
that the inspectors shall have power to enlarge that time
if they shall deem it necessary, and that at the expira-
tion of finch period, or of such enlarged period, and
upon Mr. Castelli assigning the outstanding assets to
trustees for distribution among the creditors, he shall be
releaseable from all claim. The deed shall also contain
snob after provisions as aro usual in deeds of inspector-
ship, and as shall be approved of by the inspectors on
behalf of the creditors.
"3. That creditors, according to this arrangement,
shall not be prejudiced as to any securities or liens they
may be entitled to, or as to their rights against third
parties.
"4. That the signature of this memorandum and of
the deed of arrangement shall not prejudice the rights,
remedies, or position of soy creditor against or in re-
spect of the parties at any time members of the firm of
Castelli, Guistiniani, and Co.
" 5. That the inspectors may be at liberty, if they shall
think fit, to release to Mr. Cuetelli his furniture and
such other private property at his residence as they may
think fit.
"6. That in the meantime, until the deed of arrange-
ment shall be executed, a copy of these resolutions may
be submitted to the creditors, and shall form a memo-
randum of arrangement for the administration of the

affairs.
" 7. The thanks of the meeting to the chairman were
then moved by Mr. Cunliffe, and eeeonded by Mr.
Chapman, and voted unanimously."
The Committee received this morning the following
communication from Mr. Lord, their agent, dated
"La Guayrs, Aug. 26th, 1851.
" To the foregoing copy of my last of the 9th instant
I have little to add, for, although the Minister told Mr.
Rojas on the 21st, that the next day he would reply
to my note of the 20th of June, even if the Council of
Government had not come to any decision on the
agreement, nothing has reached me since, either from
the Minister or from Mr. Rojas, and in a couple of
hours I must close the present. In this state of uncer -
tainty:l beg leave to transmit herewith, for the information
of the committee, a copy of the project of agreement deli-
vered by my agent to Senor Gellineau, on the 26th of
June, and at the foot thereof is an extract from Mr.
Rojas's lette r to me of the Ist of July, showing that on
that day, the agreement as drawn up was accepted by
tho Government, and requires only the as►ent of the
Council of Government to complete it.—l remain, &c.
(Sig❑ed) " H. J. Loan."
Translation of a project of agreement, presented to
Senor Gellinesu on the 26th of Ju❑e last:—

" The undersigned Peter Charles Gellineau, Secretary
of State for the Finances of the Venezuelan Govern-
ment, in its name, and with authorization of his Excel-
lency the President of the Republic, and Henry Joseph
Lord, as agent of the bondholders of the foreign debt of
Venezuela, duly authorised by the Committee who re-
present the same in London, with the view of making an
arrangement for the linear interest of four years, so as
to facilitate its gradual and successive extinction, at the
same time that the payment of interest duo next Oc-
tober, as well as the subst quent dividends may bo paid
with exactitude, thereby establishing the credit of the
republic, for the advantage both of herself and of her cre-
ditors, have agreed as follows:
" Art. 1. The interest of the said foreign debt due and
unpaid from the Ist April, 1847, to Ist April, 1851,
amounting to 192,1461. Bs., shall be capitalised at par,
and the respective holders of the bonds of the principal
represented by the coupons of that sum shall receive
bonds with the annual interest of five per cent. on the
amount thereof. Those bonds will be signed by the Mi-
nister of the Republic in London, or by any other duly
authorised party, and certified by a public notary of that
capital, as the best guarantee both for the Government
and the creditors against all falsification.
" Art. 2. The interest of these bonds will be paid in
London, by the agt,ney of the Vern zuelan Government,
every six months, on the Ist April and Ist October of
each year. With regard to interest accruing from Ist
April last to Ist October next, there being various as-
sents required to the present agreement, their payment
will be deferred so tie to take piece immediately after the
issue of the new bonds, either including it, or adding it to
the payment of the half year due, or that which is next
due.
" Art. 3. For the payment of this interest, and for
the gradual redemption of the principal of this debt,
there shall be assigned ten per cent. or the above men-
tioned amount of 192,1461. Bs., together with what will
be included in confermity with Art. 10 of this egree-
ment, and the suns which will be required for this pur-
pose, shall be included in the annual budget of ways and
means of public expenses, with the preference due to the
nature of the debt.
" &rt. 4. Half of the amount of the sum assigned in
the said budget of ways and means shall be remitted to
London to the GOTONMOLit'S agency in that capital, in

proper time to secure the punctual payment cf interest
at the stated periods of it April and lst October
of each year. And there being include d in this
budget an account of interest overdue fur the final-
cial year beginning e n the lot of next July
more than 120,000 dollars, wh.ch will about curer
the amount destined to the redemption of the debt, oe
cording to this agreement, atter the payment of eke in-
terest stipulated by it, it is hereby agreed that the sure
applied for this purpose shall begin to be remitted to
ILondon without delay, and according as the money,
which is to form this fund, is coming in at the Custom'
houses of the Republic, that it may be kept in deposit in
the Bank of England for the immediate and prompt
payment to tt e creditors so soon as the bonds are issuods
according to agreement. If any sum whatever be
wanting to make up the fund of redemption, the Elea-
, Live Power of Congress shall be applied to at the same
time when its assent to the present agreement shall be
asked, for the power cf apportionment as included inthe
Budget of 1851 to 1852.
" Art. 5. Alter the payment of such interest, and the_
commission and expense occasioned thereby, the net
residue will be applied immediately to the redectoptien°f'
bonds at the market price, a filch may be current when
this takes place, provided it does not exceed par, by 113°4
same agency of the Government of Venezuela, 1511'
through brokers deserving its confidence. be
" Art. 6. The bonds redecmed in this manner wi,
imusechat,ly concealed by the Agency, rendering them
worthless oy the mark of "cancelled," ehich will be
done by the individuals forming th.s Agency, and by
the broker or brokers employed in the porch..se. ,
" Art. 7. Ir. order to inspire the public in London
with all tha confidence due to the credit of Venezuela for
the publicity of her operations, as also by way of Pre'
caution against tiny attempts Of fraudulent falsifications
there shall be published by the Agency, in the Landoll
Gazette, and any other public paper that the Govern;
merit of Ye. ezueia may select, an account of the "'-
total issued in bends, with their proper numeration,
form, date, nod individuals by whom they are signed'
with the duo authorization of the Executive Power of t".
Republic. of
"Art. 8. The same public notice shall be givin,
ng
any operation of redemption of bonds effected
every six months, with the residue applied to this Pur's
pose, according to Art. 5, with the whole specification °'
bonds so redeemed.
" Art. 9. The coupons of interest which, by this agree:
went, are converted into new stock, will bo collectecl
the agency of Venezuela in London, and rclidere
worthless, through the same, by the mark cancelled:
16 Art. 10. In order to cover commissions and at:
pense3 incurred by the issue of bonds, according to lir•d
1, there shall be add,. d to the principal amount of the sal
bends the HIM that may be necessary for that purpose. e
" Art. 11. This agreement will be submitted by the
Executive Power to the Congress of Venezuela at
to
opening of its ordinary sessions in 1852 for their cons,.l.
tutional ansent, if appreved; and that assent being "0
taitied, the Government of Venezuela will be bound,' ,60
soon as the assent of the creditors in London has huel;11
given, to transmit to the fiscal agency there, Wit"rm
possible dispatch, the new bonds, and for which the ••••-•
vernment of the Republic will give most speedily the net
cessary orders.
„al by
"Art. 12. In the unexpected event of disapPr°—"o
any of the mentioned respective parties, in conseqne'-i,
of which the present agreement would be null. it
hereby agreed that in such case this does not alter 10
any manner the rights of the creditors in conformity
e
with the contract of 1840, with regard to the overdue
interest, which is the subject of that contract, re---ef
blishing in the whole the ;state quo in which it stood roi
fore entering upon the present agreement in bchnh.n.
the good and advantageous harmony between the 1"
terested parties.
"In witnees whereof we have signed the present °ref;
went in triplicate, under the seal of the Republic'.
Caracas, in June, 1851."
The following is the extract from Senor Rojas' letter
to Mr. Lord alluded to in the latter's communications' co
" I have seen again to-day his Excellency the Fin6Do
Minister, whom I met in his office with Senor Branch
(the Minister of the Interior and Foreign Affairs), b°„d
of whom told me that the agreement had been acneP''
by the Government, as also the terms of its indictment
(redaecion) ; but Senor Arend& added that, bi'litnhge
made use in the agreement of the expression tbf";,,3
Minister who signs this agreement is thereto authorl
by the President of the Republic'—it was necetteeri
of
that the Minister should obtain the written authority e,
the said President, and the vote of the Council bni,„.;
be obtained also, being necessary in cases of the eigm''
of a treaty."
Fiore Liverpool we are advised of the failure of Weser
Egger and Taylor, arising from corn and cotton ePecee,
!aliens, which have occasioned losses of consideran.
amount.
In the Amsterdam Stock Market, on the oed insta°'r
there was some alteration, many buyers, at rather bette
prices, having appeared. Dutch Two-and-a-nalf Per
Cents. had been 57 15-16 to 58. et
The market for Public Securities is very buoyant
again, end there is a good money business doing in
sots at 96 to Time dealings have been entered int°
fo
ie Exchequer-billa have been supported at 435.,,e.
465. premium, and East India Bonds at 475. to 50'' r s,
whim. The highly favourable state of the exchangeof
the large arrivals of bullion, the more pacific asPe6
he
political affairs in France, and the completion of t
harvest under most favourable ausp ices have all 0015:
tributed to inspire confidence; but we must look for -
partial reaction, owing to the reale& akin of profits upon
the recent advance.
The Foreign Investments hare ruled higher in some
stances, and are well maintained. Spanish Five per Cen';
are 20. cod t'
and the Three per Cents. about 361
Mex,c en Ben.ls hive been firmer, at 264 i• Egua is
Stack is worth 3i, and Grenada, ex the 1849 coupon'
at 14. Peruvian Old Stock is worth 90; Sardinis/1
Scrip has risen to 2-4- discount; Dutch Four per Ceti".
are 92a to ;41.
Tie., last week's Railway Receipts, aseertained.up to this
day, are iu round figures as under:—
1850'
1851.
8 105
Great Western...
North-Western
South-Western 17,469 ..• 'O7-
31
Brighton
15,1178 ;
...
0'6,39
Midland
14'206
5
South-Eastern
,003
North Stafford
Caledonian 9,425 ...
Lancashire and Yorkshire
York and North Midland
Newcastle and Berwick
Great Northern .........
In Railway Shares there has been a most extraordir
nary ameeint of activity, and prices are particulal
buoyant for several lines. Great Western heave risen t 0
h
and 24, North- Western about 1/., Caledonian 10s., Nor
British 51.. South-Western 10a., Sambre and Dlean3,l
2s. 6d. to 55., and some others in proportion. DZiella
are about the name; South-Eastern only a shade bette'd
North Stefferd, Eastern Counties, and Newport eve
Abergavenny firm. Lancashire and Yorkshire bit,
been much dealt in.

ONE
,•.ILICES OF 8R171311 FUNDS O'CLOCK.
3 ~,,,- ; ,ent. tkaasels Annul, i ,r .. 961A%%14
3 per Cent. Annuities, 1726 ... 95%
Long Anna. to ezpin J an.lB6t,

Ditto 30 yeare; Jan. 5, 1860. 7% 7 3-16
Indiz Bonds, 1,000:. 47 p
Ditto under 1,0004.-- ....... 50 o
:.lonaols for Account
xchcqucr Bill:, 1 A,v.i.
1,000/.
500 1 . . . 46 p
Small. ..

ONE
PRIC:Ci OF FOREIGN FUNDS. O'CLOCK.
Brazilian Lionds, 5 per Cent. .....

Ditto, Small
Equador Bonds
Grenada Bonds, 11%. per Cent
Do. Ex Dec., 1849 Coupons l4
,saran. NIT Ut ,ex Jan. Coupe 2614
Ditto, Small
Penman Bonds, 5 pr Cent... -
Ditto, Account
Sardinian Bonds, 5 per Cent.
Ditto, Scrip

5 pia C,nt,. 184 k, ......... 20 ;11
Ditto. 3 per Cent
Venezuela Bonds, 21,2 i per Cent 29

CIMSISG
j
1,51,4

7 3"16
47 P
b 0 P
96,'

46 P

46 P
46 P
,N1(1
Cl,o*:
TRICI'B.

.8-94
343

14
2614
Wig

9-014

2 0 4,
364
29 ,
204
933,4
68'1,
92%
92N

Ditto, Account
Dividends on the above payable in London.
Belgian, 416 per Cent.
Dutch 21,6 per Cent. 12 Guild —
Ditto 4 per Cant. Certificates
Ditto Acc0unt.......... 9 _O/4

LLOYD'S - - -
tSIII.PPING.—( THIS DA"
LONDON, SEPT. 25.—Wind at noon S.; light breeie
and cloudy. A d.
PORTSMOUTH, SEPT. 23.—Wind E. to S.S.E rAt
Johanna Edward, Calcutta, fur London. 51d. Patric
Henry, New York
CowEs, SEPT. 24.—Wind S.W.—Arrd. Laura, 51.
Paul de Loancla ; Anna, Calao.
DARTMOUTH, SEPT. 24.—l Wind S.—Off port, Chrir
tian, Porto Rico, for llamburgh.
PLYMOUTH, SEPT. 24.—Wind variable.—Arrd. Fiore
Labrador.oe tt
BRISTOL, SEPT. 24.—Wind N.—Arrd. •Der,-13
Quebec ; Delta, Quebec.
GLOUCESTER,SEPT. `24.—Arrd. Ilenriette, Quebec ;
Sophie, Wlier.ze, Quebec. Sid. Diana, Quebec. A
es,
'
QUEENSTOWN, SEPT. 23.—Wind ,s,—Sid.. 11°"1"
Australia.
TRALEE.—SId. Miame, New York. !Ili'
SHIELDS, SEPT. 24.—Wind S.—Arrd. Strig,
ramichi.
LIVERPOOL, SEPT. 24.—Wind E.N.E.—Arrd. Strl:
Callao; Temple man, Islay; Cuba, Maranham; -11°13' „-
St. Domingo; Icarus, Jamaica; Aelwoo, New Oruleetro:
Faneuil, hall, Mirainiehi; Earl of Claremont, (2 ?
chttur:
Clontarf, Bombay; Victoria, Callao; Courier,
Liverpool, Jamaica; Ileughton, New Orleans; fit'hecec.
New York; Caroline Nesmith, ditto; Olivia, Qthurs,
Sid. Don Ricardo, Va'paraisc; Avoca, diltoOaciriulii-
Rio GraiAle; Allieis, Philadelphia; blary .bitali A'!3.,.,
more; P.merica, New Murk; Queen of the West, dim
Off port, Pia: iix, Antigua.
DEAL, SEPT. 24.—Wind E.S.E.—Arrd. Lander, 111,
But nes Ayres, for Antwerp; Carlos habanero.
._,
Frau Geesko, Bfoarb
iviaanrniia,bArfrofera,lP.,mburg,b; Thomas Forrest, Calcto!
Callao,
Demarara, for SLITIJ,
lialt;irnvbiurtrugrhi;a, Johanna George, - ,or.
and; Lf or.. Illiv,nnah. Arrd. from the river ana el d•
Fielnitt., Rio Janeiro; Alice, ditto; Appoline, Ctil"'
Salonica, Newport and Bahia. rase'
FALMOUTH, tiEPT. 24.—Wind E.S.F.—Arru,i ;r11,030
verauce, Sierra Leone; Ccrsair, Mays(l,l"; no, port.
and emvsbeth, Havannali ; Gilbert, Ilavannah..,-,0001 ;
lralLyful', Sierra Leone, a,,d sld. for Wblt %floor,
Tut ir, Buenos Acres, end ski. for the Weser; ii'd. for
Rio Janeiro; Earl of Dalhousie, Bahia, sod f /Tor
ou Sthampton; Eleonore, Mazatlan, and sld. fol
'-
burgh. Cal=
it urateetli
Okg THE SCIIITII FQBELEI.ED.,-ZiAbekiii u