The Sun.
London, England, 1858-07-15 00:00:00

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"To the British Nercautile e'prcrauoty at
TRE RE:ELLION.—The 2;-I;oi.th, -China, .EMA2,Id re-
ports large,bodies of soldiers ai hurrying on for tho
protection Of 4angchow. Nanking is said to be
closely invested by the imperialiMs, who have
from 200 to 300 camps Within a mile of the city
wall. The rebels have only on tzato left open for .
ingress and egress to the river. The town
of Ohin-
keang is in.ruins, but in . posses:don of the impe-
rialists. •

4,1). STAyrk t 5 •

for Ame)ica at 'ormer rates. Jute in steady demo, d.
Saffilwer in a dull position and drooping in value. We
have no ,ales of lac dye to note. Shellac in fair demand.
No tr.:nsz.nt.ons in notch.

. _
THE PitOCEEDINGS OF THE PLENIPO-
TENTIARIES.
Not a littler Anxiety has been felt to know the ex-
actcharacter of the news brought by H.M.'s steam
ship Sampson-from the Gulf of Pecheli, bat these,
so far as we can learn indicate no esseutial change
in the position of affairs. Tsung-lun, one of the
commissioners who met Sir J. Bowring at Tien-
tsin in 1854, had been appointed to confer with the
plenipoteutiaries ; but from this nothing can be
deduced as yet. • His mission may only to in-
duce them to return to, the south, or he may have
power to treat with them ; but the former supposi-
tion is the more probable, as there is no intelli-
gence. of any one friendly to foreigners having been
radmated into the councils at Peking. His ap-
po.ntment, however, had led •!o the suspension of
hostilities against the two forts at the mouth of the
river, so there is no question that Lord Elgin is pre-
) aced to csuse troubles in the north before the Can-
ton question is settled. To filrther this end, the
Sampson leaves on Saturday next for Pecheli, with
six officers and 170 men of the Royal Engineers.
Two gunboats are to start for the same place, on
the same day, or immediately after. The 59th-
Regt. is also reported under orders for the north
the companies now in Hong-Kong to be relieved
by Indian troops.
The extracts which we subjoin from the North •
China Herald of the 15th May will serve to convey
tolerablya distinct and accurate idea of the post- .
tion of Lord Elgin end the other plenipotentiaries
at the mouth of the Peiho. it dues not appear
that Lord Elgin is acting on any fixed principles,
or following any definite line of policy ; like other
British statesmen of the time, he is feeling his way,
and acting as the necessities of ties moment dictate.
Finding tee, possession of Canton gave no great
'vantage-ground from which he might enforce his
claims ou tho Court of Peking, he moved north-
ward, in the hope that the Imperial commissioner
would be more reasonable the nearer the plenipo-
tentiaries approached to the seat of empire. Dis-
appointed in the expectation of meeting with the
,commissioner at the mouth of the Yang-tze-kiaug,
And refueed direct intercourse with Peking, lue ad-
vanced to the Peiho, evidently in some ignorance as
to what obstacles he might meet with, and enter-
taining a sanguine estimate of the means atlhis dis-
posal for making an impression. Possibly he may
have adopted the best course open to him in the
circumstances, but it must have been hit upon
pretty much at haphazard. The bar at the mouth
of the Tien-tsin River forms a serious obstacle to
the employment of the more formidable portion of
his naval force.' It does not yet appear with any
certainty that a commissioner with proper powers
has bceo appointed to treat, nor can it be said that
Lord Elgin has sufficient material means at his
commend to make the Chitiese submit should they
continue obstinate.

03r import market, so far rv, piece goods go, continuer
huoyint. Grey shrzing3 have been lamely dealt in at
a slight decline. The low dent.' ptions of grey jaconets
maintain position and vhlue. White sttirtin4s and ja,conets
too are in good demand. Tne demand fur mule turb.t
bag slackened. Turkey red goods arn, duil. Coloured
yarns have improved, as also chin!zei and prints. The
metal market has been dull.

MONEY MARKET.—There is Do alteration to note.
Money continues easily procurable on first-class et cart-
tier. The Bank of Congal has made no e.ttera'ion iu the
rates of in't,itst and discount.

Tice Share Market is firw, an l mat j,int stock com-
panies are doing well, but there le little a(!tivity in the
worket. Bengal Bank Sharos are at 2100 rupees pr.--
MIMI); The Agra Back has dec!ared a dividend at 10
per cent. per annum, and ]os. per share bonus. The
Assam Company's surplus assets at the close of the
next season are estimated at upwards . of 100,0001
The nominal value of tha shares will have to he in-
cr.Aped or the am :lint paid as bonus t i shareholder-•.

C i:upany's Paper btlll cnnt noes most unaccountably
&pressed. Oue F :ur n,-r Cent. Loan is at
19-3 discount, and the Neal Company's Fuur per Cer,t.
Loan in Lqtuion is at par. Our Five per Cents, are a::
0,1.'6. R 3. 9- to 9-8 discount. Till Cornpauy'o. paper
}doves in value distrust wilt previ;ll, and the nathes con-
tinue to hoard. their silver unproductive, to the general
Octri.nent :t trade.

Exchan: a bag ruled. at 2=. Id. f-.r firs':,•class Fix
rni-...Tiths' eight credits, and 23 1k 1. for documents. Oa
CIO, a the rates are 214 ti) 216.
F.r.i.f6ts.hava out impro,red. Our prettat available
'ounage is mor© than enough for our requirernotts.

" Peiho, April 29, 1858.
" On the 17th inst., the day of our arrival here, we
had the Furious, Pique, Cormotant, Slaney,
and the America, lying at various distances from the
shore, the a Russian steamer, the nearest of all.
" Eatly the next day we had a fine view of the four
forts at the mouth of the Peiho—the morning son ren-
dering them very distinct against the horiz3n. Few
flags were secs compared with the previous day, nor
were any troops visible • but when I tell you we were
over six miles off it will not seem very surprising that
we could not learn many statistics of this sort.
"On Monday (the 19th) a boat that had been towed
up from Sbanghae was despatched, with a party of
men in her, to the mouth of the river, to make observa-
tions, and to get some provisions. Meanwhile, two
military officers came off to the fleet, recognised as hav-
ing been nn board the ships here is 1854. One was
Chin, a yults of Tien-tsin prefecture, the other was
Chang, a shau-fu of the same ; the fir t w re a Lilid
button, an I ra ut u, Ligu as a lseut..eolouel, the
.eoomi wore a crystal knob, and ranks as high as major.
They stayed on board the Mississippi au hour, and then
off to the Furious, where their hoat remained alongside
only a abort time. In neither case did they see the
plenipotentiaries. Poor fellows, they feel that they are
in a had :position, for the responsibility rests with them
to drive all these ships away from the coast, and if any
subsequent evils come upon the country through their
remz:sness, they will be visited for it with disgrace, if
with nothing worse.
"Next day about noon the Shangbae boat returned
from the mouth of the river, where she• bad remained all
night immediately under the forts ; the tide and wind
were against her, and the party on board had rather a
rough night of it, not being prepared for a bivouac.
The notice of our arrival and intentions was delivered to
an officer, who was brought down to the beach over the
mud on men's shoulders, and took the paper, promising
to return an answer in the morning. None was brought,
however, nor did any boat come off with provisions.
Toe forts had a considerable number of men in them,
but apparently not an extra garrison. Oa the beach the
guns were trained so as to fire on any vessel entering the
river, and ma were at work erecting a sew fort, *filch,
like the old ones, seemed to be made of toe purest mud,
but this perhaps might be found to be mixed with some
stone or timber.

"The channel was found to be shallow indeed, only
five feet on the bar, which at low water was dry on both
sides cf it, leaving less than half a mile passage. This
shallow water is a better defence to Peking than all the
forts ar d troops in the country, ani will prove a great
obstacle in the way of future trade with Tien-twin and
the metropolis. It was found that the channel had
altered somewhat since the survey made by the John
Hancock in 1854, but had not deepened at all anywhere.
"In the of ernoon of Tuesday, the French Minister
arrived from Shanehae in the Auclacieuse, with a gun-
boat in company.
"The calm pleasant morning cf the 23d was rendered
even more charming by the change 'from the beisteroun
weather of Thursday ; everybody looked happy, and
even the gulls chirped more merrily as they limw about
us. During the day two civi ian', of higher rink than
the two military men Chin and Chang, came off to the
Russian steamer ; and the French gunboat went into
the river, prececdirg up to the forts, Several confer-
enc:s were held, and notes passed between the four mi-
nisters, one and another visiting here and there.
eight o'clock next teorning (Saturday) messen-
gers from the four ministers were on their way for the
shore, each with a letter addressed to the governor-gene-
ral of the province of Chihli, and enclosing another for
the Prime 'Minister Yu,granting the Chinese Government
time to send out au envoy. Die four boats in which the
messengers proceeded were all towed to the month of the
river by the Slaney.; they then rowed into the stream
together. As they advanced towards the forte, a large
concourse cf people, troops, and officers, and others,
were assembled along the shore—nutnueriog perhaps
2,000 persons, most of them drawn together by curiosity.
Seine tents were erected near the forts, one of them a
large and imposing one, like a marquee, and other things
indicated the presence of an officer ~1 some rank higher
than any before seen. The Lent-Colonel Chin, who
came off to the ships on Monday, came down to the wharf
to receive the letters. Bath he and those with him ex-
pressed such disiuclinatioa to have the foreigners come
on chore, that the latter agreed to avoid any irritating
pro iedure by hrnding him the letters from their boats—
the low receding tide having interposed a few feet of
muddy bank between them, not easily or pleasantly to
be phs,ed over. All the letters were received by the Chi-
nese officer, who conversed pleasantly enough with the
foreigners. After a few words they all returned out of
the river, and on reaching the Slaney their boats were
towed back to the ships.
"It is not known how many junks have passed up
into the river, hut if the number of vessels which have
gone in and out since our arrival is an index of the usual
commerce of the river and city, Tien-tein must be the
en trepot of a large trade. The junks are of all sizes, some
appareetly small coasting boats, coming aerosa the gulf
from Liautung, while the largest ones are like those seen
in the Canton river for size, and are perhaps grain junks
from the south. No obstacles have been yet placed in
their way; and though none came off to any ship with
provitions, they seem to fear no danger, as, in fact, there is
none yet to fear. Their rulers, however, must apprehend
something, fir they are throwing up a new mud fort near
the others, and are arming the old ones with guns of dif-
ferent six is, varying ire m 6-pounders to 42-pounder', many
of them brass. They had better turn these latter to a
better u.e, by casting them into cash, than trying to de-
fend this river, where they are likely to lose them. In
the ferte and along the beach there are more than 100
pitetes of artillery.
"The French admiral arrived on the 25th, augmenting
the number of ships by the addition of the Nemesis and
four small steamers. On that day the Russian Minister
visited two high Chinese officers, who bad reached Ta-kn
the day before. One was Tsung-lun, a Manchu,' a vice-
president or shiliang of the 1111-Pu, or board of revenue,
and styled superintendent of the grain 'aud granaries at
the capital, and one of the persons formerly appointed
to confer with Mr. M'Lene and Sir J. Bowrinc in 1854.
Tee other is nun( d Wu, or, when read in full, Wurguntpi,
and is a member of the Nui-Koh, a ta-bioh-se, which
answers to an under secretary of the cabinet in western
countries. He has not heretofore, I think, appeared in
They
any official relation towards foreigners,
and as be is a
Manchu is likely never to have seen them. are
both officers of the second rank.

GRAND MAP OF ENGLAND AND WALES.--Size, 3 feet
G inches by 3 feet.—On July 24, instead Gf July
17, a 4 previously, announced, will be ishued with
the Illustrated,iaud 7anintde‘svaalelas,rgea whichnah
as carefullybee engraved
upwarde of
rya
l, e,
'bng
it, preparation, and base(l throughout on the
ord„r„cei: urvtrailway
ys. Every
sed, uteauntam' otootwpnainian havethe
k
ug„ oui d:btiectly ,efiz
been taken to insure accuracy. pi ies of the Paper and
Mal), SJ. ; or free by post for 7 stamp. No map of
the sawn size can be purcharad for a leas price than 6s.
Office, 145, Fleet.ltreet.