The Sun.
London, England, 1851-08-20 00:00:00

SPAIN.

Madrid journals of the 14th have arrived.
E-CUDEILO had been elew:ed for Seville by a large
inAj?rity ov,-r CORTI/VA.

MADItID BOLS 4, AUG. 14.--The Three per Cents.
were dine at 361 for time ; the Four per Cents. at
151 ; the Five per Cents. at 17i; the Debt without
loterest at 6i ; and the Coupons at Bfr.

They succeeded but too well for some time. There
was a market constantly falling—prices sinking day
after day, until at length they succeeded in depreciating
the quotations in the leading trunk lines to an almost
ridiculous extent. A panic was excited, and nothing
appeared too absurd ; the good shared the fate of the
had, and North-Wssterns, Great Westerns, South-
Westerns, South-e averns were alike peppered by
the indefatigable Bears. We exerted ourselves to the
utmost to resist their machinations, and we are
happy to say that our efforts were not altogether un-
successful. We explained the nature of the trans-
actions, showed that more than nine-tenths of the
sales were merely nominal, and emphatically cautioned 1
all bona fide holders against allowing their fears to
obtain the mastery of their reason, so as to induce
tnem to submit to such serious sacrifices as a transfer
of stock at that time would have rendered inevitable.
The prudence of this advice soon became apparent.
Timid !sellers no longer rushed madly forward to sell
et any price that could be obtained, while capitalists
became anxious to make investments on the very
favourable terms that could be obtained. The Bears
were caught in their own traps, and were compelled
to disgorge a considerable portion of their ill-gotten
gains before they could succeed in extricating them-
selves from the untoward positions in which they
were placed. The shares of the London and North- ITA L 1 .
Western Company, which had been quoted in April, The Piedmontese workmen, who are to visit the
1850, at and below p ir, rapidly rose to 127 or 128. The Great Loudon Eihibition, at, the expense of the corn
iiiprovement in Great Westerns was even more re- mi-shin formed at Turin for the purpose, are to set out
imprevernent in Great Westerns was even more re-
ort
r 77
!makable. Tnat was the line especially favoured by for London nt h
ee 27 h instant.
the "speculators fora fall," and they actually sac- The .on 0 oscano of the 13th announces
the creation of a Tuscan Cunsulate-General at St.
ceeded in bringing down prices to 47 or 48, indeed, Petereburwh-
we believe the quotation was one day 46, although it The Costituzionale of Florence of the 13th instant
had never paid less than 4 per cent., and there was
contains the
tolle*l'airnoingm:a—baodat.
Ito communicate to you
not the slightest probability of any further reduction
did"
bltette e r faecetesd I
taking place. We need scarcely remind our readers not consider them deserving? ° ofr "a. et
t e snot 7 or cn
e I Osth ol
autled
that these very shares were within less than twelve clandestine proclamations, 'violently attacking the
months worth 90, although every step was resisted Grand Dukeb and his Minister
the Baldasseroni, who is
country to Austria, have
_
by their inveterate opponents, who sustained heavy ETre,uusltadtedoi in aing
c
so
Tuscany. Those proclamations advocate
losses in their unavailing attempts. the annexation of Tuscany to Piedmont. Thanks to
They have now, however, recovered their courage, the
activity and ability of a Tuscan agent, the origin of
and are once more endeavouring to playa similar theseb proclamations,ddbt
under
tthe
writtene e andaud printed in Turin, and
direction
There
Mar-
game to that of the winter and spring of 1849.50. cielonef Azeglio,ou
has beeny discovered. thace actually
trust, however, that the proprietors will nos exists in Tuscany a Piedmontese party, which recogy-
nixes as its chief Neri Coraini, Marquis of Laiatico,
again be misled, or suffer themselves to be made ins
struments in the hands of their mischievous adver . ofbt oliehteeri
~odf them.lli
rus k eened.f
wCiairbi gbh: otiz thee feusseillatwMeirnisstel.r
eerie& We would earnestly desire, for their own vegooli, who, in 1847, called Charles Albert they- SA ord
sakes, that they should despise the unfounded rumours of Italy ; the Ahl, 6 Raphael Lambraschini, we 11
that have been or may be circulated, that they should et
!alosininc:iiiwarnitelere;tbtehreleNtsatswGe ipn,orCs
)auppousi; CAollunt Bar-
decide tor themselves the real value of their property+ tunately connected with the Marquis4go‘f Azeglier,ewitint;
and not part with it at a lower rate, under any pos- reside d a lone time in Tuscany, and active ly laboured
sible cireurn-tances. We would also warn them with him, in 1848, at the time of the annexation of
the
xha4rtadyt to
tPLie Piedmont, to prevailT o on Tuscany tii follow
against lending their stock on any inducement, as the ii h
aw d
eeraz emigrants
numberi teolyi sai
thesele
practical effect of such loans is to enable the Bears to from Genies turnished wish
carry on their projects, arid to depreciate the pro- proclsmeious, and amply supplied with meney and
perty of the person, to whom they are apply-
,letters ot recomme lietiou from M.d'iNzeglio, landed at
" Accommodation," their heearrnrivl, whereaarrested theAustrianthem. Embarrassed
aathorttie informedat their P d net.
ing for the accommodation.
forsooth! As well might a burglar apply to the master sition, and on being promised impunity, they confessed,
of a house for the " accommodation" of a crowbar, arid adduced proofs that they were the mere agents of
offering to pay very liberally for its use, or a high- of the great
Piazza
ca
s tsitteehrioenwl‘)urinrignasddespots in thethe support Palace
weyman borrow from a traveller the arms which be afforded to them' at
by Lord,in virtue
Palmerston. of
We
wiis:e
had for his own protection. how they can vindietste themselves against so serious a
What just cause, we ask, is there for the sudden charge.'
fall that has taken place in the shares ? The London Thei correspondent of the Constitutionale is evi-
and North-Western have been done at 118 d,
, and Yet, fromht Ythae fn
or Aguesrtyr i ft De
d pa pa
yr; maeandt ofh tbleettAeruasntrtiambacnatibaonn.
Chan-
perhaps, the accounts and the entire state of affairs cery, put forth as an excuse for a meditated attack
have never been more encouraging, as Mr. Gems upon Piedmont, which can be withdrawn should
justly remarked at the half yearly meeting, held on Austria not deem it prudent to carry out her brigand
Friday last. The usual dividend, after the rate of intentions.l
Opinionl e of
dTutreidn,moifianthel4l-6bt.h inst., quotes
5i per cent. per annum, has been fully maintained, the following The
and there is still an available balance of no less than " I was to ye,etteerer,rduay that all die officera tend soldiers
124,0771. 78. sd. in the hands of the bankers, to be on leave of absence had been ordered to return to their
carried to the next half-year's accounts. "Oh I but," eorps, and that at Verona
the all _ the retired officers bad
say the alarmist*, " that dividend was not actually
in been i
tires cuari line ed. Aalpidorttiho nof
those
ewho tsthe,r,
hair: ton
not
te rbeei num tta ife,r
c 1
earned. It was necessary to take 8,0001. from the I active service are to be employed in the strong places.
reserve fund in order to pay it." Granted I But a si- Some persons suppose this measure to be dictated by the
milar demand is made on that fund, at this period rtiairlye and o
tr in
co.
ri .
se menacingo
last tt .
it
tu db easof'bethpl i
ez F lerchouhrmyhe in
every year, and for a like purpose, and generally to a want of fresh troops, to protect the Huntgriiriten, Pyolitah,
greater extent. It was, in fact, with that object j and Transylvanian frontiers, where the Rutoians will
that the reserve fund was instituted to meet such I be obliged to withdraw their troops to repair the checks
1 they have suffered in Caucasus Notwithstanding the
claims, and keep the dividends equal. The net profits . pressing demands of Radetexicy; the army in the Lora-
of the autumn half-year are generally much bardo-Venetian kingdom is not to be increased, through
gle ater than those of the first six months; a portion a want of money. The troops quartered in other parts
the empire are paid ire paper currency; but thr.eree
of the excess is, consequently, set aside at the
stationedi.n Italy could not live it they did not receive
February meeting to provide for the anticipated de- their pay in sptcie."
ficiency at. the August meeting, and the proprietors
nay w ell be eungratulattei on having the tetnuturt re-
G ILEAT W k.STkILIN RAILWAY I)OCKS.—I4 is pro-
quired so vary small. i posed to raise an additional capital of 60,0004 by 111 IT !IWO,
,1011: but," ;spin mutter Ow croaker', " much mon ' for the purposes of
the sucintakin• i