The Sun.
London, England, 1856-11-06 00:00:00

AMERICA.

LIVERPOOL, Nov. 5.
The Canadian mail-steamer Anglc-Saxon has
arrived, with advices from Quebec to the 25th ult.
Telegraphic advices from New Orleans of Oct.
22 furnish further particulars of the engagements
between Walker and the allies. The accounts,
which are as follows, are ex parte :
Walker, finding the enemy advancing on Mas-
saya, withdrew his small force, when the enemy,
4,000 strong, occupied the place. Walker then
left a small force at Gran:•.da, and advanced Ito-
wards Massaya with 1,000 men, and, meeting the
enemy on the 12th inst. near the city, repulsed
them, driving them back to Massaya, where a
battle was fought, lasting until midnight. At day-
break a courier arrived from Granada, stating that
1,400 Geatemalans and natives were besieging that
place. Walker, on receiving this information, im-
mediately marched to the relief of Granada, and
arrived on the heights surrounding the city on the
morning of the 13th, at 10 o'clock, and, finding
the city blockaded by the whole force of the enemy,
he charged upon them and drove them from their
posts, capturing their commanders and all their
field pieces, and routing them from the city with
great slaughter. The total loss of the enemy was
1,100; Walker's loss was 10 killed and 30 wounded.
Walker would immediately march on Massaya and
Leon. His troops were in the highest spirits.
The citizens of Granada held the Government
buildings 22 hours against the force of the enemy,
and were vigorously defending the place when
beneral Walker arrived. Messrs. Lawless, Wheeler,
and Ferguson, American citizens, who have had
no connection with Nicaraguan affairs, were mur-
dered by the natives.
A telegraphic despatch from New York of the
22d ult. states that the State Fillmore Electoral
College had met, and repudiated fusion with any
other party, urging the American party to labour
unceasingly for their candidates. From Harris-
burg the returns from all the counties, except Elk
and another, show a Democratic majority of 2,870.
The New York commercial accounts report the
stock market active. There was a good supply of
money ; call loans taken freely at 7 per cent., and
short first-class paper at S to 9 per cent. sterling.
Exchange was inactive.
Flour was sc. to 10c. lower, with less doing.
Wheat was without important change in the Quebec
markets. Timber was in a state of great depres-
sion, prices being from ld. to 1.21 d. lower than pre-
. viously. Freights to Liverpool and Greenock,
465. 6d.. to 475. Ashes were coming in pretty
• freely. Mess pork had risen in value. Butter was
in demand, and English bar iron had advanced.

THE COMPLICATED STATE OF AFFAIRS.

(From the Constitutionnel.)
The change of ministry which has taken place at
Constantinople is interpreted by some journals as s'
check experienced by our policy, and as destined to
aggravate the difficulties which have arisen in that
quarter. Too great haste has been displayed in giving
to this event a signification which appears to us at least
premature. Will the return of Reschid Pacha to fail"
have for result to envenom a state of things which io
already unsatisfactory, and to close the natural issue
which is open for the difficulties that preoccupy
Europe ? We hope that statesman will comprehend
tho actual position of matters in a more favourable
manner than appears to be anticipated, and that he will
adopt the only line of conduct which is compatible witli
the honour and dignity of his country. Can Turkey
consent to the presence of foreign forces on her territorf
when the proper period has passed away, when a'
plausible motive for this occupation no longer eV
ists, without abdicating all pride, without humblita
herself in the eyes of the world ? What is only for the
remainder of Europe an infraction of treaties is a direct
affront offered to Turkey. This power has demanded(
the withdrawal of the English and Austrian forces, and
it is for it a qftestion of honour and vital interest to Per'
severe in its demands. In fact, that
power is moreinterested than any other in seeing that those olaus°,
of the treaty are respected which have no other t
ob-
ject than to guarantee its independence and safety
The misunderstandings to which the execution off the
treaty of peace have given rase are open to the !'l3;
preciation of the public ; every sincere and honest nu"
may decide upon their merits. The Frendh PreBB,'
,
with its diversity of opinions, has, to its honour, undo'
mously condemned the pretensions advanced by the Go'
vernments of Austria and England. Good faith and
reason are, it is true. evident in the thesis maintained
by the French Government. Art. 20 of the treaty for-
mally attributes to Russia the passeseton of Bolgrad in
the new settlement of the frontiers. (" The new frontier
will be traced from the Black Sea. . . It will Pa'
to the south of Bolgrad," &c., &c.) The text and the
spirit of the treaty appear clear. England and Austria
pretend nevertheless that in the idea of the Plenipoten-
tiaries, it was question not of Bolgrad, a town of some
importance, but of a simple hamlet likewise which called
Bolgrad. This is the difficulty exists, and which Bass'6
consents to submit, along with others of less importance,
to the Congress, as was agreed upon ; she will defer to
its decision on every point. What can be objected to
this proposal ? Is not this the solution recommended
by good sense and good faith ? Either it is sought to
solve the question by means of an arrangement, through
an arbitration, or a fresh war is desired. In the first
case, what more satisfactory arbitration could be found
than that of the very parties who contracted and concluded
the treaty, the equitable interpretation of which is the
source of the present dispute ? Has not that case, more•
over, been anticipated by the understanding that a neat
meeting of the Congress would take place in order to
solve the questions which might remain open, and in order.
to assure the complete execution of the stipulations,'
Those who oppose the new conferences create therefore
at this moment the only real obstacle to the execution of
the treaty. We are told that the intention has been
formed of occupying the seas and the provinces of tilt)
Turkish Empire until all the stipulations have been 3°'
complished. This policy is open to the most unsetisfsci:
tory interpretation. In fact, the presence of Engi',',,s,
naval forces in the Black Sea, of Austrian troops in ""ia
Principalities, must henceforth be recognised as an ar""'
trary and a violent means of preventing the solution
which Russia is willing to consent to, by proposing
be
submit the question to her natural judges. Will it he
proposed to have recourse to force, to recommence t,
war ? Will the English Cabinet feel inclined to re-eni'er
the lists, not certainly to assure the execution of tb
treaty of Paris, but in order to tear it to pieces iinPr
dently before the eyes of the world, with the view of 83;
tisfying an ambition momentarily disguised ? We d° nah
believe that the English people is prepared to ratify snca
a police or to aaccep's with joy the consequences it 11:0
entail. We would willingly submit our opinions to
good sense, to the loyalty of the British nation, tolleighe
would without a scruple accept it as arbitrator 0, ds •
difference. For it is impossible to deceive it on a cfu,B"o •
tion which unjust suspicions and the vainest soplin,l'a
have not yet succeeded in rendering obscure. The 0,,;
lish nation has !sad a grand and solid proof of the fide„,ll'
of its ally and still believes in it ; it knows that the -L'ijih;
peror Napoleon has not repudiated its alliance, that "
is not open to the reproach of inconstancy and versatilizy;
Certain papers, like the Times, which dare not ope
defy that high esteem entertained by the British Into
for the Emperor Napoleon, thiele fit to distinguish of
Sovereign from his Government, the policy h,
the Emperor from that of his ministers. Sn°.
very poor subtleties do not require refutatili;
they will mislead no one in England, and ro
Times reckons too much on the ignorance of its readers
on snljsots which concern our government. We repo a
that it is in the power of the Cabinets of London Oa
Vienna to put an end, if such is their desire, to existi" •
difficulties, and to the mistrust excited by the actual 8,1,43
of matters. This can be effected by consenting to the.
meeting of the plenipotentiaries of the congress withon;
insisting en arbitrary and inadmis,ih!e exclusions whic
would completely transform its character, and would be •
another infraction of the treaties. Can it be said that tie
moment is not propitious fit this meeting ? We sy,c),,riese
reply that the opportunity cannot be contested by ''""01
who are reasly to submit themselves to it with loyalty
without " arriere pensee." We may finally add that, 'of
pacific solution is desired, no more favourable means
arrangement remains open, and it is the only plan "
can be' proposed with decency.

(Pront the Siecle.)
We trust that the government which undertook 19,(1
terminated the Eastern war in concert with Eue-to
and Piedmont has not awaited our opinion in order "fi
comprehend the fault into which some persons in
,terr;
tionally, others from ignorance or error, would siir
lead it. England has not, up to this moment, fails Let
the slightest in the engagement of the alliance. -„a
the French journals display a little more dignity 1/715
calm. Yesterday the English were our brethren
arms, and before we treat them as enemies let us Ili,
a proper reason for• doing so. The people who auer,i-be
France to a white cockade call us " Englisu'
cause we remember the blood shed at Inkerraan"a
There are many English like us in France and Italyta;
this fact gives despair to the conservatives of Earserisi;
Ifow happy they would be could they only re-oatVn: h
Russia at the head of the areopagus of kings, and '71;0
with the revolution by obtaining the dissolution of
vg
alliance which has transfetred the government of 133totic'tbe
from the secret and gloomy intrigues of diplomaeY - I e
all-powerful tribune of public opinion ? Would it oe-de r
a magnificent result for the partisans of European °r
to place England beyond the ban of governments• tip
to offer up isolated France to vindictive Russia? 33° re
is sufficient to signalise their intrigues in order to rellia
all chance of their success. The 'good sense of the Pit
re-
has valued their policy at its real worth, and we °,_11."00-
peat aloud what is spoken in private respecting tue
tics of the counter-revolution.

Mr. William Tite MF.P.S.
, .P., F. ha been elecEpd
'the
director of the London and Westminster Bank) in
room of Frederick Bureaester, deccased.

MOVE MARKET

d.iYD

COMMERCIAL INTELLIGENCR

CITY, Two o'CLooc

The Liverpool Cotton Market yesterday was
very dull, and prices of American were rid. per lb.
lower. The sales amounted to 7,000 bales, 1,500
for export. The Railway Share Market was buoy-
ant, and prices of some of the leading stocks ad-
vanced.

Further accounts to the 3d inst., from Berlin re-
lative to the construction of international railways
between Prussia and Russia, announce the arrival
of the Russian General Smolikowski to treat upon
the subject. The General has been received by the
Ring and the Minister of Commerce, and has had
conferences daily with the director-general of pub-
lic works. Cotrat Adlerberg, military plenipoten-
tiary of Russia at Berlin, it is said, has been also
concerned in this question. The first line proposed
will be a branch of the Prussian Eastern Railway
to the St. Petersburg and Warsaw line.

During the last fe; days some very discouraging
but entirely unfounded rumours have been circu-
lated affecting the credit of commercial firms, and
otherwise tending to create mistrust. The public,
however, should be cautioned to turn a deaf ear to
these absurdities, which, from the apparent since-
rity with wl.ich they are uttered, combined with
the well-known sensitiveness of the money market,
are likely to excite attention. Latterly there have
been expectations that the tendency i❑ the position
of monetary affairs was towards improvement, and
because during the last few days no intelligence of
an authentic character liar transpired alarmists

and others have wilfully promulgated their extreme
ideas, and have not hesitated to spread pernicious
statements, which, although preposterous, are, in
times like the present, sure to be made the most of
by the speculative community. Yesterday after-
noon all kinds of rumours were current, but most
of them are so extremely absurd that they do not
require special comment. One of these canards
might have been excessively injurious to commer-
cial credit, but it met a flat contradiction in all
quarters, and is proved to be without the slightest
foundation.
The Bank directors have been two hours in de-
liberation, and have just adjourned. No alteration
in the discount terms has been resolved upon.
Amongst the numerous companies which have
come into existence since the passing of the
Limited Liability Act, it is a matter of im-
portance to the capitalist to invest in those
Which have for their purpose the development
of British resources in preference to foreign un-
dertakings, not only as regards the question
in a patriotic sense, but as it affords him greater
security for his investment, and control over the
Management of the company. Of these home in-
vestn3ents, few exhibit a more promising aspect
than the National Guaranteed Manure Company,
Which has for its object the supplying of manures
to the agricultural community, composed of
organic and inorganic substances, which they shall
guarantee to contain a certain percentage of nitro-
gen, ammonia, and other elements of fertilisation,
essential to the growth of crops. At present the
richest manures are imported from foreign
Colintries at a large cost, when it is well
known that our own country abounds with
animal matter of equal richness, and thus the re-
sources of the country are in this matter neglected.
The company declare their intention of remedying
this evil, by introducing scientific appliances
refine the crude manures, .eo as to be-
come equal to the richest that are im-
ported. For this purpose the company
have already made arrangements with two
in other manure companies one in London and one
the North of England, to secure their co-opera-
tion and experience in the matter, by purchasing
their interests, A large portion of the shares
are already subscribed for, and we can recommend
this as an advantageous investment. The capital
iS 100,0001. in 50,000 shares of 21. each. Deposit
10s. per share.
_ The English Funds yesterday afternoon were
depressed, in consequence of unfavourable reports
ere has andben
the closing a large Bull account. This morning
th more firmness, and a mod business has been done at about the quotationserat cur-
e rent at the official close yesterday. The account
has passed off satisfactorily, and the tone of the
market has been firm. Since one o'clock the
Prices have been affected bythe suspense experienced
during the sitting of the Bank of England Directnrs.
Consols for money have been 92a.1, and 92ft. For
account, December 4, they have been 93'e 931, and
93 to !. At present they are 92`,;- and 93 re-
spectively. The New Threes have been 92 to 923,
and the Reduced 91 74. Bank Stock is 214.
Exchequer Bills are 2s. discount to 2s. premium.
Foreign Stocks are dull and rather flat. Turkish
6 per Cents, have been 901 and the 4 per Cents.
lave declined to 1004 1. Spanish are firmer, the
Threes being 42 to 42k, the Deferred 232. Sar-
dinian have been 891 and Mexican 22.
The following are the nominal prices of Foreign
Stocks :—Grenada Deferred Bonds, 6:1 71 ;
211 22 ; Peruvian 41 per Cents., 76 8
3an' ditto
per Cents., 54 6 ; Portuguese 3 per Cents.,
4,3 ; Russian 5 per Cents., 106 8 ; ditto 41 per
cents., 95 7; Spanish 3 per Cents., 411 42 ; ditto
Deferred, 231 24; ditto Certificates, 51 I; ditto
passive, 6 It.
Au active business has been done in Railway
shares.. this morning. Prices have, however, ex-
hibited a decided decline upon the closing rates of
Yesterday, Caledonian, Edinburgh, Perth and
Dundee, Great Northern North British, North-
,Eastern Berwick, and South-Eastern declined f ally
e2l • percent., and Lancashire and Yorkshire Nor th-
stern, and Midland about 1 to l 4 per cent.
e Foreign and Colonial lines have also been fairly
dealt in at lower quotations. Great Trunk of
v411111(1a, Groat Western of Canada, Lombardo•
enetian, and Paris and Lyons receded to per
nt.
The last week's rairway receipts, ascertained up
to this day, are in round figures as under :-
1856. 1855.
Great "Western
Ziorth-Western
kicmth-Western
Brighton ........... .................
south-Easte .....
Caledonian ......
******************
1129'617 11,256
Great *****************************
Northerne4eucaehire and Yorkshire 06:041 25,717
13r1stel and Exeter
_Cheater a Ilolyhead ** *********
6,332 6,243
22,165 20,064
6 447 6,097
Lan ca teed and Carlisle **************
6:394 6,167
Landon Gen•Otnnibus Cornpauy.., 10,039 Manchester ,Sh
9,404
North-Em4rn effield, and Lincoln 10,014
North London ********************
**
**
***
********************* 324.1124 31:989502
North Stafford
6,362
Belfast and
***************************** 6,594106° 905
'Ulster *****
1,608
Glasgow and * ************* *** ************ 61.'654365
Edinburgh and Glasgow
****** 5,719 6,037
Great Western of
e 5,112
Grrtnd Trunk of anamndad a••.•••.• - 15,925 13,035
a
In Joint Stock *** ********* 5,004 4,705
ported has not bee
eßxtensive, but prices in one
tish, and Australian i m
rporvoevd U., and Le . English,ondon Scot-
Chartered of Australia 10s.
declined 10s. •union of Australia
There has been very little business done m
cellaneous shares. Australian Agricultural
lower by•
10s., and Canada bßoyal Mail Steam were 65i. and by

BRITISH FUNDS THIS DAY.—CLOSING PRICES
( From the Official List.)

Stinnes. done.
Bank Stock
3 per Cent. Reduced Annual-6s
1. Per Cent. Consols Annuities ,-,2g 4 $ 3
.eir Cent. Annul Lies
'°IITS Annaities, expire sth Jan. ISCO
......... •

.o, under D.OOO Dec. Consols for Account, Dec. 4
Exchequer Bills, 2id.
£lOOO ........... ..... 9 d 2 11
2 1
£6OO ... p
p ......... .. ............................ 2 ( ,
%all
Ditto Bonds, 1858, 3i
en
PRICES OF FOREIGN FUNDS THIS PAY'
Brazilian Bonds, 5 per Cent.
‘,..Ditto, 4 per Cent. ........................
atoxioan 3 per Cent ................... .
Dia° Account ....... .......
Di lan Bonds 1622, II St., 5 per Cent._
•Dito 4 per 'Cent.
Sardinian Boio.s, 6 por Cent.
*Pae, Ditto Account ................... ......
n igh Bo%ds, 3 per Cent ...
Ditto Account
41:18
Ditto NOW Deferred, 3 por Cent. •
23t
Turicieh i3oncis f; par cent ........... .
Ditto Account
904 A i 93
Ditto Guaranteed 4 per Cent.
Ditto Account ' .....
butch nicit'ervis oi, the above pavath:e in. tondc 100 i
Exchange, 2,1 per ~ Oen'j 12 Guilders 64-
Consols
A(M THREE O'Cr,OCK.
oney) 92i
Ditto
meecnuat) Decenthor ...

4 p par
3

100
t(10
20
10

11th
•20
100
100
100
100