The Sun.
London, England, 1851-01-17 00:00:00

MINES.

Paid. Nominal pri,o, Business done
to-day.
—....:__—
Anglo-Mexican(is. 51. p.) . 100
Asturian .......... •• • • 15 ..
Australian 4 3% 3
Barossa Range ....... 113 0 3% —3%
Blaenarvon Iron and Coal 50 .•
Bolanos Scrip .. •
British ir0n.......• .... 13 5 ..
Brazilian Imp. (is. Si. p.) 2438 ..•Do. Coeaes and Cuiaba 30 3% —34
Do. St. John del Rey.• 15 14% 14%
Cobre Copper ...... ... 40 32% a. 5%
Coplapo • ..... •• • 14 53
General— • • 20 13% —l4
Real Del Monte, Unreg. I M
Do. Black Debentures . • • —••
Do. Red Debentures .. —•—
Santiago de Cuba 10 9 734
'fin Croft • • 7 10% 11
United Mexican ••23 2 8N 6% 5 % 53%
MISCELLANEOUS.
Canada .............. 323 4236 —44
Gen. Steam Navigation . 14 263 2714
Penin. & Oriental Steam. 50 73% —75 x. all ex. all
Royal 31 ail Steam GO 73 733 72
[We cannot be answerable for the errors of the Official Lists, and
will not be influenced by interested correspondents.]

MONEY and CO.IIIM.IaitUIAL NEWS-
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated at 2,500 bales, comprising 1,850 American, 200
Pernam cud Maranham at Bd. to 84d., 150 Egyptian at
Sil. to 9,1., and 300 Surat at sd. to s:id. per lb. The
market closed heavily, and all descriptions were per
lb. lower, and at this decline the number of sellers were
on the increase.—ln Railway Shares a further decline
took place.
The Corn Market is dull to-day.
Just at the moment when the commercial world were
buoyed up with the hopes of seeing the protracted
struggle between the Republics on the banks of the River
Plate brought to a conclusion they have been wofully
disappointed, by preparations for a renewal of hostilities
of a more formidable character, to the great interrup
tion of our commercial intercourse with two States, with
which, on their separation from the mother country, we
expected to derive considerable mercantile intercourse.
These expectations have not hitherto been realized, in
consequence of the feuds which, unfortunately, arose in
the Oriental Republic, from two of its most conspicuous
and influential chiefs, Generals Fructuoso Riveira and
Oribe, contending for the Presideucy; the latter having
been expelled before the term of his Presidentship ex-
pired, he appealed to the Governor-General of the pro-
vince at Buenos Ayres, Rosas, who readily put 12,000
men at Oribe's disposal, with a view, it is asserted, of
making the Oriental State a member of his so-called
"Argentine Confederation," had Oribe's attack on Monte
Video proved successful.
Foiled in attaining this object, and equally disap-
pointed in uniting the former Spanish provinces of Pa-
ragua, Entre-Rios, and Corrientes under his control and
dictatorship, he pretends that his failure has been occa-
sioned through the influence and interference of the
Brazils, and now seeks to embroil the Government and
people of that empire in the dissensions which have so
long distracted the countries over which he has any in-
fluence, or exercises any authority.
The subjoined extracts from General Santa Cruz's
(ex-President of Colombia and Peru) famous letter to
General Roses, will exhibit the latter's intrigues and
ambitious designs in their true colours, and at the same
time confirm what has been above stated :
" It is greatly to be lamented, when, through the in-
tervention of the two most powerful European States
(whose subjects were chiefly interested in the trade with
Buenos Ayres and Monte Video), the pacification of
those two republics is on the eve of being effected, and
the navigation of the River Plate of being freed from
all impediments, should again be subjected to interrup-
tion, if not annihilation, for the moment, in consequence
of a rupture betwixt Brazils and Buenos Ayres, arising
from causes which there was every prospect of seeing
removed by the cessation of the civil war in the Oriental
Republic.
" When the independence of the latter was acknow-
ledged by Brazils and the principal Powers of Europe,
and its integrity guaranteed, a great many Brazilian
subjects remained in possession of extensive estates they
had previously acquired and occupied, principally fur
the rearing of cattle in the Pampas' of that Republic.
On the arrival of Oribe with his troops from Buenos
Ayres he took possession of the country in the vicinity
of those Brazilian agricultural establishments, which he
plundered, and expelled the proprietors. All remon-
strance on the part of the Brazilian Government having
'been unheeded and unanswered, a party of those
Brazilians thus despoiled and ruined, joined
by some of the Orientals themselves, endea-
voured to retaliate, and in their turn made
incursions into the territories of the Oriental Republic
occupied by Oribe and his followers; the Brazilian Go-
vernment, however, put a stop to those annoyances; but
Rosati having made an arrangement with England, and
in prospect of one with France, which would place him,
be imagined, in a more advantageous position, has bid
defiance to Brazil, in the hope of drawing more closely
the connexion between him and the other republics bor-
dering on that empire, expecting they would make
common cause with him; the contrary, however, has
been the case, Paraguay having already co-operated
with Brasil, whilst the troops under the command of
Urqueze in Corrientes and Entre-Rios have refused to
joiu Oribe's forces, on pretence of not having the means
of making any movement. thus evading the execution of
the orders they had received from Rosas; and no doubt
should hostilities actually commence they will side with
the strongest party, which, from all that has transpired
as to the comparative means or sinews of war possessed
by both parties, will certainly prove to be Brazil, whose
superior end efficient naval armament will give her the
command of the estuary of La Plata, whilst her in-
creasing resource:, and turn of the scale as to the be-
lances of trade in her favour (fully indicated by the rise
in her exchanges and influx of the precious metale), will
enable her Government to sustain her credit unimpaired
and unimpeached as hitherto.
" Buenos Ayres, on the contrary, with a falling off of
commerce, troops no longer able to live on plunder, an
ill-equipped and inferior marine, an empty Treasury,
and a paper currency at its lowest ebb, left to fight her
own battles, will not long be able to contend against such
odds; it is therefore to bo hoped that should hostilities
really be resorted to, they will not be of long duration;
perhaps the operations will be confined to a blockade of
Buenos Ayres and its immediate dependencies, to the
great detriment, however, for the time being, of our
merchants and others concerned in the trade with that
country, if not with Monte Video, whose Government
de facto will afford Brazil every possible assistance."
Extracted from the letter of General Santa Cruz, ex-
President of Bolivia and Peru to General Roses, Go-
vernor- General of Buenos Ayres, dated Paris, May 10,
1850:
" What pretext can you have for meddling in the in-
ternal affairs of Bolivia, seeing you are only Governor
of one of the Argentine provinces? What can there
be of material interest between Bolivia and Buenos
Ayres ?
" The title you arrogate to yourself, without any for-
mal appointment of Chief of the Argentine Confede-
ration, you would extend to other neighbouring coun-
tries, which are respectively twice, four, or six times
larger than the province under your sway.
" When you are not in actual warfare with other
statee, your relations with them have always been sus-
picious. The Empire of Brazil,' continually agitated by
your maehinatioes, is obliged to be constantly on her
guard to frustrate them. The Republic of Uraguay
(Oriental Republic), whither you sent an army to put
down the Government de jure, and set up in its stead
one of your notorious Mesorqueiros,' would certainly
not desire you for its representative. Nor would Pa-
raguay' be more desirous of your being so. The Re-
public of Chili, whose commerce is interrupted by your
arbitrary proceedings, can never consent to be subject to
the governor of Buenos Ayres, much less can you flatter
yourself with obtaining the vote of Bolivia.
" I shall not dwell on Peru, and other Republics of
the'north placed beyond the reach of your contamination.
Neither of those have any acredited agents, even at
Buenos Ayres.
"I would ask you on what grounds you found your
pretensions? You who never performed any services to
America? You who never was present at any battle,
nor took any part whatever in the glorious struggle for
American independence, and are only known from acts
of barbarity recorded in the history of our civil wars.
You, in fine, who have done nothing but to render deso-
late the state which, unfortunately, submitted to your
sway. Can you claim any right to a preference, or even
consideration, from the Republics of South America?
" What has been the fate of the provinces subject to
your authority? Are there any establishments for the
education or employment of the people, or any other
useful public works erected in your time in either of
them? So far from it, those have disappeared which
previously existed.
"Instead of increasing the population and promoting
their prosperity, according to the impulse given thereto
by the noble Revadavia,' you have depopulated the
country.
"You have alienated, by such policy the sympathies
in Europe, which ought to be cultivated and appreciated,
in order to attract that immigration of labour so neces-
sary for the development of the riches which lie con-
cealed in our deserts, and to fertilize our uncultivated
woods and forests."

The letters by the Overland Mail are construed as fa-
vourable upon the whole, but the scarcity of money will
lead to continued shipments of silver from Europe.
Great credit is due to the London agency of the
North-Western Bank of India for having detected
the frauds of its secretary at Calcutta, Major
Angelo. The deficiency of that officer amounts to about
12,000/, and his securities have been called upon to
make good the amounts for which they are liable. It is
not true that the deficiency arises from having to meet
the losses previous to 1847. Those were long since
covered from the reserved fund and deduction from
dividends. The following is the circular of the di-
rectors:—

" In consequence of the discovery of deficiencies car-
ried on by apparent fictitious entries in the books of the
bank, as detailed below, and made under authority of
Major Angelo's own handwriting, to the extent of
RI. 1,12,520.5.9, exclusive of interest, the directors of
N. W. Bank of India have deemed it imperative on
them to suspend Major Angelo from his °iliac of secre-
tary and agent, have sent the deputy secretary, Mr.C. B.
Wood, to take charge of the Calcutta agency, have
called their Mussoorie Agent tl Meerut to take charge
of the Bank, and directed Major Angelo to return to
Meerut. _

"The directors have called on Major Angelo's secu-
rities to be prepared to meet deficiencies to the extent
of their bond, they will also adopt every lawful me--
sure to secure the bank from ultimate loss?"
At Frankfort, on the 14th instant, Austrian Metallics
were 72k, and Spanish Three per Cents. 33k.
The Colonial Produce Markets have been very dull
this week.