The Sun.
London, England, 1860-10-05 00:00:00

your approval of the bill which I have the honour to lay
before you.
" Only, in the important and extraordinary circumstances
in which our country is placed, Parliament should not limit
itself to deliberate upon the legislative dispositions which
the unfolding of political events may render opportune or
necessary. _ _ _

" It is also your duty to consider whether the men who
have in these days the honour to sit at the Council Board
of the Crown are equal to the high task committed to them,
and if they seem to deserve the confidence of tho nation.
All material means placed within reach of the Executive
power, and all authority granted to it by the law, will al-
ways be scanty and weak unless the King's Ministers cw►n
reckon on that moral efficacy, that irresistible authority,
which in free constitutional Governments flows from the
perfect agreement between the greatest powers of the State.
" The vote of confidence you gave the Ministers a few
months since enabled them to overcome difficulties, both
numerous and serious, which stood in their way. Now
that they may hold with a steady hand the helm of the State
it is necessary that they should know, and that Italy should
know, whether their deeds and behaviour during this inter-
val were of a nature to diminish the confidence you put in
them.

" This is all the more necessary, as a voice justly dear to
the multitude expressed to the Crown and the country itl
distrust of us.

" Such a declaration, indeed, painfully affected us, but
it could not turn us by a tittle from our purposes.
IFaithful guardians of the Constitution, of which we
must be the most scrupulous executors, we think that the
voice of one citizen, whatever signal services he may have
rendered to the country, should not prevail against the
authority of the great powers of the State.
" It therefore ie the duty of the Ministers of a constitu-
tional King not to give way before pretensions not very
legal, even if they be backed by a splendid halo of popula-
rity and by a victorious sword.

" But as we would fail in our duty by giving way to those
pretensions, so we should have failed in our obligation to-
wards Parliament if wo had not put the question to it whe-
ther it be ready to sanction the sentence pronounced against
us.

" The decision must result from the discussion which
may arise on the bill now laid before you."

The house adjourned as the Minister read his
last words, as the bill must be taken into considera-
tion in the Bureaux, and before a commission, pre-
vious to its public discussion.

MONEY MARKET AND CITY NETTS.

CITY, Two o'CLocic.

During the last few days there has been more
activity in the Foreign and Colonial Produce Mar-
ket. Sugars have been in increased demand, pas.
ticularly for refined descriptions for exportation to
France, owing to the reduction of the duty under
the provisions of the late treaty. Tea has continued
quiet, but a fair business has been done in coffee, at
slightly reduced rates. Cocoa, rice, and fruit have
met with a moderate enquiry, without material
change in prices. Saltpetre continued dull, and a
few parcels sold at public sale went at a reduction
in value of is. per cwt. Tallow remained in good
demand for both present and forward delivery, at
enhanced quotations.

In the Liverpool Cotton Market yesterday a fair
amount of business was recorded at about previous
rates. The sales were 12,000 bales. The Railway
Share Market continued very active, and prices
were again higher.

The bills which arrived at maturity yesterday,
the *th of the month, were met in a satisfactory
manner, no failures of importance having taken

place.

A sum of £16,000 was withdrawn from the Bank
of England yesterday for exportation to Spain ;
and it is expected that the next Australian supplies
will be similarly appropriated.

The directors of the South Austrian and Lom-
bardo-Vcnetian Railway have made a call of £2
per share payable on and after the 15th proximo.
Notice has been given that the 6 per Cent. De-
benture Bonds of the Great Western Railway of
Canada, falling duo on the 18th inst., will be paid
on and after that date.

A meeting took place yesterday of the crediteas
of Smith and Co., of the Whitechapel Distillery,
when the liabilities were stated at £33,302, and
assets £44,050, thereby showing a surplus of
£10,700. After some discussion, it was resolved
that the estate should be wound up under inspec-
tion.

The market for Public Securities is unfavourably
affected by an excessive supply of Stock, several
extensive sales for delivery having lately taken place.
A small amount of business has been transacted to-
day, but it has created heaviness, and the indica-
tions of buoyancy noticed yesterday have entirely
disappeared, Consols being 931 for money, and
931 for the account.

India Loan has receded 1031 d ; ditto Deben-
tures are firm at 96:, and the Bonds are heavy
at ss. discount. Exchequer Bills remain at ls. to
4s. premium. _ _

Foreign Securities have been dealt in to a fair
extent, but prices, in most instances, are depressed.
Turkish 6 per Cents. are 731 to 74 ; ditto New,
56 to 569 ; and the 4 per Cents. are firm at 1011 i.
Venezuelan have receded to 231 ; ditto 11 per Cents.,
to 121 ; Brazilian 41 per Cents. are 871 88; Peru-
vian 3 per Cents., 739. Spanish are steady, at 49.

The Ocean Marine Insurance Shares are 1s 21
prem. ; the Thames and Mersey, t j prem. ; and
the Universal, t t prem.

Messrs. D. Bell, Son, and Co., report the prices
of American Securities as follows :

Redeemable. Prices.
United States 6 per Cents 1867-1868 98 99
Do. 5 per Cent Bonds
Kentucky 6 per Cent. Bonds . 1568-72 91 93
Pennsylvania 5 per Ct. Bonds 1877 88 89
Illinois Central 7 per Cent. 1875 89 91
Illinois Central 6 per Cent 1875 88 90
Do. shares, 80 dole. paid
Michigan Central 8 per Cent , 1869 90 91
Do. do. shares
New York Central 6 per Ct.,

not convertible.
New York Central .7 per Ct.,
convertible, from June 15,
1857-59
Do. do. shares
New York and Erie, 7 per Ct.,
let mortgage
Do. de., '2d mortgage
Do. do., 3d mortgage
Do. do. convertible
Do. do. shares
Panama 7 per Ct., Ist mort •
gage Str. Bonds, not cony..
Do. do., 2d do.
Pennsylvania Central 6 per
Ct., Ist mortgage

1883

88 90

1864

1867
1859
1883
1862

93 95
8J 82

93 95
89 90
78 80 ex
57 59
30 32

1865 101 103
1872 99 101

1880

There has been rather less activity exhibited in
the Railway Share Market, and prices have sym-
pathised with the decline in the English Funds.
Great Northerns, Great Westerns, Lancashire and
Yorkshire, London, Chatham, and Dover, and South
Eastens have receded ss. ; Eastern Counties,
Brighton, Midland, North Eastern (Berwick), 10s.,
and North Western, 15s.
The Foreign and Colonial lines have also shown
a downward tendency in prices. South Austrian
and Lombardo-Venetian have receded 55.; Dutch
Rhenish, 55.; Grand Trutk of Canada, 10s. ; Great
Western of Canada, Os., and East Indian, ss.
Joint Stock Bank and Miscellaneous Shares have
shown no change of importance.

BRITISH FUNDS—CLOSING PRICES.
3 per Cent. Consils Annuities
India Stock.
Ditto 6 per Cent
Ditto Debentures, 1858
,itto Bonds £l,OOO 5 1 d
Bank Stock
Ditto Account
Co's°la for Account, 11th Oct 3l i
Exchequer Bills, £l,OOO, lid
Ditto £5OO 4 1
Ditto Small

FOREIGN FUNDS--CLOSING PRICES.
Brazilian 5 per Cent ..
Ditto 4f per Cent. 1852
Ditto 4f per Cent. 1860 B7a 8
Mexican 3 per Cent —
• Ditto Account
Peruvian 41 per Cent
Ditto 3 per Cent
Ditto Account
Russian 5 per Cent. 1822, £ St ..
Ditto 4} per Cent 9l 3a
Ditto 3 per Cent.
BPanish 3 per Cent,;
Ditto Account
Ditto New Deferred
Ditto Passive
Turkish 6 per Cent 23
Ditto New Loan . 73i
4 PO; ......... ********
10ti I
Ditto Account
************************
Ditto Guaranteed, 56i.
Venezuelan 3 per Cell,
................
2jt
Cent.DittoDltvidpeerndson . .
the above payable in London.
Austrian 5 per Cent. Ex. 10 Florins 52
...
...TREE..... :Y3Ct LO
93}
...
Consols, Money
Ditto Account. ..................... 93i 934
...............—...—,....__

heavy appearance, but some steady receipts of
The Continental exchanges do not present a
neutal end gagterA demand,
PgaorldticfurolmarlyAustralia will now be requiro to moo the
con.