The Sun.
London, England, 1851-01-21 00:00:00

TUESDAY EVENING, JANUARY 21, 1851.

THE FRENCH REPUBLIC.

We have received the Paris journals of yesterday.
The Itioniteur contains the following notice :
" All the Ministers have deposited their resignations
in the hands of the PRESIDENT Of the Republic.
Their resignations have been accepted. The late
members of the Cabinet will continue to carry on the
affairs till the nomination of their successors."
The Constitutionnel, which, since the death of the
Pouvoir, occupies a similar position to that occupied
under the last dynasty by the Journal des Debots,
contains what may be considered an official an-
nouncement, that the new Ministry will be chosen
from among the minority of 286, who voted against
the amendment of M. ST. BRUTE; but the minority is so
divided that the PRESIDENT will find some difficulty
in forming a presentable Cabinet. M. LEON FAU-
CHER, who is firmly attached to the PRESIDENT, who
is, moreover, a statesman and an orator, and therefore
it might be supposed the man, of all Others the most
necessary and the most pleasing to the PRESIDENT, is
unfortunately of such an impracticable temper, in
short, so completely the Earl GREY of his party, that
none of his former colleagues will willingly enter a
Cabinet of which he is an influential member ; more
particularly is this the case as regards M. ODILON
BARROT. Again, it is admitted on all bands, by men of
all parties, Republican and Monarchical, that the
man of all others best fitted to be Finance Minister
is M. PASSY ; and M. PassY has peculiar claims on
the PRESIDENT, inasmuch as, unlike the Count DE
MONTALEMBERT and some others, he was not content
with giving the PRESIDENT merely the benefit of his
vote, but in his bureau energetically urged upon his
colleagues to duly consider the danger of the course on
which they were entering before they ventured to
pass a vote of censure on the Ministry for dismissing
CIZANGARNIER; yet M. PASSY is obnoxious to the cro-
ehetty LEON FAUCHER, and is therefore considered
impossible.

The conduct of the Count DE MONTALEMBERT and
the other members of the parti-pretre is considered
most ungrateful. It was by consenting to the
expedition to Rome and to the education
Bill, against his own feelings and solely to conciliate
the parti-pretre, that the PRESIDENT incurred the dis-
pleasure of the moderate Republican party, whose votes
turned the scale in the division on the want of confi-
dence question ; and yet the Count DE MONTALEM-
BERT, instead of coming to the rescue, as on such an
occasion he was in duty bound, left M. BAROCHE to
combat alone both M. BERRYER and M. THIERS. It
is supposed that the wily Jesuit is afraid of commit-
ting himself; and is waiting the result in order to
declare for the victor.

The following were the votes of the military men
in the Assembly on the vote of censure :
For the vote of censure, and of course against the
Elysee, appear Generals Bedeau, Cavaignac, Chan-
gamier, Laistel, Lamoriciere, Launston, Le Flo, de
Lafosse, Rey, Rulliere, Saint Priest, Subervie, Tar-
tas, and Admiral Laine.

With the Elys6 there voted Generals Achard,
Arrighi, de Padoue, de Bas, Barraguay d'Hilliers,
de Chasseloup-Laubat, Fabvier, Gourgaud, de Gram-
mont, de Grouchy, Husson, Le Breton, Magnan,
Montholan, d'Ornano, Oudinot, Pelet, Regnaud de
St. Jean d'Angely, Rolle, and Vast Vimeux ; with
Admirals Cecille and Dupetit Thouars—that is, 13
generals for censure on the Elysee, and 19 in favour
of the Elysee. Of the Bonapartes, Pierre remained
away, but Napoleon voted against his cousin. Lucien
and Antony voted for Ministers.
The Bulletin de Paris announces that the Duke of
SOTOMAYOR, the Spanish Ambassador, has been sum-
moned to Madrid.

The Five per Cents. opened at 94f. 80c., rose to
95f., and closed at D4f. 95c. The Three per Cents.
closed at 56f. 90c. The New Loan at 94f. 85c.
BUSINESS DONE IN FOREIGN RA ILWAYS AT THE
LONDON STOCK EXCHANGE, JAN. 20.
Boulogne and Amiens, OA—Dutch Rhenish, 3%—East
Indian, 12 - Luxembourg, TA—Namur and Liege, 8%—
Northern of France, 14% ex int.—Orleans and Bordeaux,
3:Y4—Paris and Strasbourg, B%—Sambre and Meuse, 2%_
Tours and Nantes, 4:%.

SPAIN.
Madrid journals of the 14th have been received.
They confirm the announcement which we made
yesterday of the nomination of the new Cabinet.
MADRID BOLSA, JAN. 14.—Three per Cents., 33
5-16; Five per Cents., 12k. No Exchange.

TEE SHARE MARKETS.

BRITISH RAILWAYS

Paid. j Nominal Prices.

Business done
to-day.

9% to 9% X.n.
%

6!,4 6 dis.

.. ••

34 1 p. x.n,

10 29 .-- 30
10 27 -28

8- 9 p
7- 8 p

10 -11

I j 75 —77
171 A —l7Nx.n
101,i
I 5% —5%

,0 115 N -
5 jl4 -14%

.• ..
27 —25 dls.

2 -ai
-

3% 1% -1%
5 1 -1%
2 li -1
10 5% -6%

_4 - %px.d

!3 41% df. —ii p

0 I 10% 10%

i 0 55 -57
i 0 55 -57
13 4 - 6 p

54 -G

•331 - 4•

10 16% - 16%
15 12 - 12%
6% 2% -3%

64 1 - -••

15 313 —32% x.d.
i 0 28 —29
:5 5% 6

..14_..36

81 .. -..

15 116% - 16%
12% 5% -5%
12% 10% - 11%
12% 12% - 12%

03 39 -40
2% 34 - N P. a.
10 242 - 245

)0' 737i54 7
3% Ala,
7
17 , 834
dia.
50 100 102
15 50 —5l
124 23 —24
i 0 68 —7O

13 534 - 6.
17344 % p 26 -27 p
10 54 -65

10% 104 dis,
74, 74 dis,
1% —1% die.

1130 - 135

61„(
_sli dis.

50 95 —96
50 12% 13%
9 —2% dis.
17 3 dig.
5 i% % dis.
9 % 1 p

C% *i%

9134 - 9234

lex 11%
i 0 57 -60

57 -60

►0 138 -140
5 4 1134 - 12.

2334 - 2434
122% -122%
314 - 3 1).
3% -434 p.
2% -2% p.
76 -77

12% I 12% 11% dig.
14 10 —lO dia.
.1!.. 1 2%-2%p. 1

.• ••
14 -16

734 1 .. -..

X 1 4% 3x, dig,

)0 22% - 24%
t 5 10%.- 11%
10 10% - 10%
2 %- % P

2 0T 2% dia.
'0 46 —47

21-90% dia. a,
24 —26

125 127 x. d,

•• ... ••

17% I .. -..

•• ••
2% •••• 3N(

•• ... ••

10 122 —24
[5 15 —l4 die.
% 5
tO I 154
16% x.i.
5 %

IS 5
- 8-
5

i 0 16% - 16%
15 42 -43
0% 7% -8% p.

tO 21 - 21%
GU 7% -7%
15 13% - 1414

:234 I 5 -144

5 3 7 —5% dls.
12 3 6 5;4 db.
8 10 10%

,d up 11 —l3
dup 534 654
10 9 —lO
1 1U 1 Ws.
10 1314 13%
iO%
13%
16% dig.
15 11 —l3
9% 4 21%
10 22% 22%

.. - ..
21)4 - 22

5 I 4 3 dia.

'''' 1.. -..

9% I 9 7 die.

17% —..
13 7% —6% dill
!O 3 4
o 0 15% 16

.. ,
20 -21

Is I ..

8 - 836

.. ..
20 -21

•• ". ••

• • ••• • •

43 ..... 44x4.

15 118% - 18%

10 1 f% —6U dig.

1 2% dlB.l
7 16 —l7
5 33( —4%

50 I 21U
10 11% -
FOREIGN.

8% - 9

15% - 15% x.i

4% —4% (Us.
ii 1 p. x.l

34 - % p. x.l,
% - U p. x.l.

9h
dia.

p Z.d.
% dll.

32U a. Int.
283

16% %
5%
10% 11
12%

[7
78% 78 77%

_
[5414
54% X 53%

92 % 93

,23 122%
20%

dia.
46% 47 46%
14! %

12634 x.d.

wit
11%
4%

I% $
li
8%

16%
42

21%
77

% dia..
%

9% ,

23 2% A

ex.d

18% % %

21% % %
8% %

15% ex.int.

ex.int.

Consols •••
Ditto Account

14% x.i.

30% 1

xd. k b.

41% ex.cllv.
15 ex,div.

Anglo-Mexican(is. 5/. p.)
Asturian • • • • . . • • • •
Australian .. ~ ~ ~ ~ ~ •••• • • ..
Barossa Range .. • .....
Blaenarvou Iron and Coal
Bolanos Scrip . .....
British Iron

Brazilian Imp. (is. 51. p.)
Do. Cocaes and Cula4

Do. St. John del Rey..
Cobrc Copper
Coplapo
Real Del Monte, Unreg.
Do. Black Debentures .1
Do. Red Debentures ..
Santiago de Cuba ......
....

Tin Croft ••• • • • .... • .
United Mexican........

Canada

Gen. Steam Navigation .
Penin. & Oriental Steam.
Royal Nail Steam ......
(We cannot be answer:

will not be influenced by

Paid,

1 13 0

Ncminal Priem

3% 2
31.,, --35%

13 5
24 ~,

2%- 2
14% - 14%
32% -35 k,
5%- 514
13.),3 - 14
14 -18

lluAn, se done
to day.

9 —7%
103,4 11
64 -514
ANEOUS.
42% 44
26% `b34
78 —7h x. all
73 —72 i 72
ie errors of the Official Lists,. and
interested correspondents.]

!28 2 83i1
[ISCELL.

'able for a

ex.aT

Y and CoMileiLitt; AI. NEWS.
CITY, TWO O'CLOCK.
The sales of Cotton at Liverpool yesterday were esti-
mated Ist 5,000 bales, comprising 3,500 American; 300
Pernam and Maranham, at Bd. to Bd.; 200 Bahia, at
Bd. to 8,-rd.; 600 Egyptian, at Bid. to 9d.; and 300 Surat,
at sd. to &id. per lb. The market closed firm, at pre-
vious rates.—Railway Shares continued very flat.
General business is still somewhat inactive, both in
London and the provinces, but more briskness seems to
be anticipated, and there is decided seundness.
The position of the Company of Copper Miners in
England has long been one of peculiar embarrassment.
Once a wealthy and highly influential body, it has
dwindled down into a state of comparative insignifi-
cance, or at least of temporary helplessness. Various
circumstances have conduced to this result, and few
have proved more embarrassing than the claims of the
debenture holders. A resumd of the matter is given in
the Mining Journal, and also of the Bill about to be in-
troduced into the House of Commons to facilitate the
settlement of the affairs of the company.
The original charter was first granted the 3d of Aug.,
1691, by William and Mary—there being at that time,
as the charter states, " a want of skilful artists to refine
and purify the great quantities of copper ore found in
the kingdom, owing to which great sums of money were
transmitted to foreign parts to pay for the same com-
modity. The parties who were then incorporated had
found out several furnaces, engines, &c., and besought
therefore, letters patent to carry on the same as a joint-
stock." On the 22d of September, the same year, these
privileges were extended to Ireland; and on the 9th Feb.,
1711, Queen Anne further confirmed the letters patent
granted by her predecessor. The shares, prior to the year
1741, were 7,600, which were estimated at the nominal
value of 131. each. At that date, 2,400 further shares were
issued, and the stock of the company was then repre-
sented by 328,8351. lls. Bd. In 1746, a large sum of
money was raised by the issue of preference shares and
scrip, at the rate of 251. each—the holders receiving a
preferential half-yearly dividend on that amount of 11.
175. 6d.; this preference stock being represented by the
sum of 281,3001. From time to time the court, having
borrowed money on debentures, loan notes, &c.,
their debts now amount in the aggregate to 613,225/,
inclusive of 150,0001. held by the Bank of England,
and 115,0001. held by different creditors by way of secu-
rity. On the 10th of October, 1847, the Bank of Eng-
land advanced a further sum of 120,0001.—interest being
paid on both at the rate of 5 per cent. per annum; at
the same time taking as a security a mortgage on the
whole property. In the year 1849, the case of " War-
ner v. the Copper Miners' Company," was heard in
the Court of Chancery ; and the same year the
assignees of Thomas Bruton, a bankrupt, seized
some of the property in Glamorgansbire on
account of debt. The Bank have twice attempted
to sell the property ; but being aware that by a
forced sale not one-fourth of the value of the mortgage
can be realised, they have offered to compromise with
the company on advantageous terms. As the works
cannot be efficiently carried out without a fresh issue of
shares, it is necessary to apply to Parliament for the ne-
cessary powers. Numbers of poor and industrious people
depending on them, it is prayed to afford facilities for
prosecuting the works with activity. In order to
avoid the difficulties which have brought the company
to their present condition, it is proposed that auditors
should be appointed to restrict the court from borrowing
more than a certain proportion of the amount of their
capital. The new Bill proposes that the letters patent
may be confirmed—that the Companies' Clauses Conso-
lidation Act, 1845 s with respect to the distribution of
the capital of the company into shares, and with re-
spect to the payment of subscriptions, transfer of shares,
means of enforcing payment of calls, forfeiture
of shares for non-payment, borrowing of money by
mortgage bond, conversion of borrowed money into
capital, consolidation of shares into stock, exercise of
the right of voting, settlement of disputes by arbitra-
tion, &c., shall extend to the stock of this company.
Three months after the passing of the Act a
meeting is to be held to elect a governor, deputy-
governor, and court of assistants. A meeting of the
debenture-holders and creditors to be held according
to advertisement, soon after, to compute and arrange
their debts—the debentures held by the Bank of
England to be excluded from the computation.
Mr. Wood, who has a claim of 2,272!. 2s. against the
company, to be considered a creditor until the arbitrators
of his debt have made their final award. Mr. Lord
having entered into a suit of Chancery against the go-
vernor and court, to protect the interest of himself and
the other shareholders, and to prevent the irrevocable
loss of the property, the committee appointed the 4th
of April, 1849, have arranged that his suit should
be withdrawn on the payment of his cost, not
exceeding a sum of 5501. Mr. Lord's claims for com-
pensation for services rendered and outlay are to be re-
ferred to the arbitrators under the Companies' Consoli-
dation Act —the Governor seed Court, who opposed Mr.
Lord, both in the Vice and Lord Chancellor's Courts,
having now approved of the recommendation of the com-
mittee. The stock is to be reduced in these pro-
portions:—The holder of a Debenture of 5001.
to receive 250/. stock; Preference Stock, 500/. to
have 1251.; and the old stock of 5004 to be
considered as 621. 10s. The Governor and Court can
raise by mortgage the sum of 200,0001., or such further
sum, not exceeding the sun of 100,0001., as shall be fixed
by a general or extraordinary meeting of the company.
These preference shares to be first offered to debenture-
holders and creditors. Should they not accept of this
offer, they are to lose the benefit; in event
of their accepting them, they are to be
offered to stock-holders. Auditors are to be ap-
pointed at a general meeting of the company at an an-
nual salary—no qualification being necessary. The
number of assistants not to be more than ten. The
company are not obliged to elect more than five; the
qualification of the governor, deputy-governor, or as-
sistants, to be at least 1,0001. stock, paid up.
One-third of the governing body to go out every
year, but are eligible for re-election; so that the
whole number must go out of (Ace in three years. The
company, acting by the governor, deputy-governor, or
court of assistants, have power, under the common seal,
to draw and endorse bills, and transact all necessary
business. The rights of the Earl of Jersey, Christopher
Talbot, Esq , and others, under whom the company hold
lands and tenements, are riot affected by this Bill; but all
leases to remain in statu quo, as if the Act had not been
passed.

-
The English Funds have been very heavy again, and
anxiety is felt at the continued Cabinet Councils
in Downing.atreet, as being suggestive of want
of unity among the Minibters. The state of af-
fairs in. France does not, on the other hand, lead
to any particular apprehension, seeing the trifling effect
produced at the Paris Bourse. Au influential broker
has sold a large amount of Stock, said to be 200,0001.,
and for the Scotch Banks. Consols have realised 96 to

96i for TratTsfer,and96f to for Account. The New
Three•and-a•Quarter per Cents. realised 98i 11, and the
Three per Cents. 96i to 97. E.st India Stock was
marked 267 to 267 k. Exchequer-bills are quoted 555.
to 58s. premium, being the previous rates.
Foreign Securities have been dull, and the quotations
have undergone scarcely any variation. Portuguese
Old Bonds have been at 86, and the Converted of 1841
at 36. Peruvian Deterred have been 33i. Mexican
Bonds have been 32i to 33, and Brazilian Old Five per
Cents. 89f. Russian Five per Cent. Stock is worth 112,
French Five per Cents. are 95 50, with the exchange at
24 95. Dutch Two-and-a-Half per Cents. have realised
57k.
Railway Shares have been depressed, but can scarcely
be called lower than yesterday, and there is not much
doing.

QUARTER TO THREa
P•
96.81
• • • ••• 9 6-4-
ONE
PRICES OF BRITIBII FUNDS O'CLOCK.
Bank Stock ...........................
3 per Cent. Reduced Arms. ....... 96-gi 97 9634
3 per Cent. Consols Annaitieo... 961 A %96
New 314 per Cent. 98%%
Long Anne. to expimJan.lB,lo
Ditto 30 years, Jan. 5, 1860. 7 7-16
India Stcck
Cons..ls for Account ................. 96A%
Exchequer Bills. R4o. at 2d
1,0001. June ...........
500/. June .................... 55 58 p
Small, June ...
PRICES OF FOREIGN FUNDS. O'CLO ONECK.
Brazilian Bonds
bllxican, 5 per Con t. 1840, with Coupons—
Ditto, Ex Jan. Coupons
Ditto, Small
Peruvian Bonds, 41AI per
Ditto, Account
Ditto Deferred
Poluguege 5 per Centel_
Ditto, Converted, 1841
R 'swan Bonds
Ditto, 4% per C
iiividcnds eo tha above psi able itc I.nndoz
French Rentes, 5 per Cent ... 95E 10c.
21E 95c,
Exchange
Belgian, 41j per Cent.
Ditto, 4 fi,oerr
,bO7IA,

CLOSING
PRICES.
2141,(2
6:;,/i
96,1

sx;

7 7-16
267

58 r
58 P

58
CLOtAIN,,
PRICES.
69%

33 xd,

78
m%
86
86
112
!i61,;

95f. 50c.
24f. sssc.

571/2

THE NEW VICAR OF SHEFFIELD.-- he gentleman
whom the Rev. Matthew M. Preston has nominated to suc-
ceed the late Dr. Sutton to the vicarage of Sheffield, is the
Rev. Thomas Sale, M.A., perpetual curate of Southgate, in
the parish of Edmonton, near. London, to which incumbency
Mr. Sale was presented by the vicar of Edmonton in 1330.
The annual value of the incumbency of Southgate is returned
at 1804-814 field Times.

THE Gn.sr MARKET.—The Prince of Wallachia
has published an. order stating the conditions under which
gipsies may in future be sold : 1. Families of gipsies shall
never be parted.
.2. All sales of more than three familiesat
41)19 An 0991404 1110Ple•Prffoicot Stoats Anzetger.