The Sun.
London, England, 1858-02-26 00:00:00

LONDON, FRIDAY, FEB. 26, 1858.

The extraordinary express in anticipation of
the Overland Mail has furnished intelligence from
Canton to the 15th January, and. from Calcutta
to the 23d, from which copious extracts will be
found in another part of this day's impression.
Although the salient points have been anticipated
by telegrams, already published, still the details,
especially those respecting the capture of Can-
ton and of Mr. Commissioner YEll, the
originator of the difficulty, of the Tartar General,
and a mysterious personage designated as the
" Fl7-TOE " or " FEU-KWET," will be perused
with considerable interest. YAK had exercised
his authority to the last, so far as beheading a
large number of the lieges of the " Celestial Ear-
Pznoa." He made a general clearance of all
scores in that department on the Saturday previ-
ous to his seizure. Although he made an
appearance of trying to escape in disguise, and
a friendly mandarin assumed his garb and
name, it is by no means improbable, that he did
not greatly regret being removed from the first
ebullition of the wrath of the " brother of the
SUN and MooN," which might fall rather more
heavily than he would desire to encounter. The
EMPEROR generally leans severely on unfortunate
servants, whether innocent or guilty, and when
the complications by which he had been an-
noyed were occasioned by the injudicious advice
of any particular servant, any extraordinary
leniency could scarcely be anticipated. Certain
it is that YETI manifested great philosophy, and
submitted to his captivity with, at least, an a&c-
tation of merriment.

The Tartar General and " the PEU-ICWEI "
were even more ready to conform to the wishes
of the new possessors of the pity. After a little
gentle persuasion they gave their adhesion to the
new regime, and were reinstated in office under
the supervision of three :European officers—two
British and one French.

Canton is thus completely in our power, and it
remains to be seen whether the EMPEROR, will
be contented with that demonstration or exhibit,
himself, to use the language of the P.R., a very
glutton iu receiving punishment. With the steam
'flotilla at our command, we may carry the war
much nearer home, s that it may prove
rather annoying to the present chief of
the Mant-chow dynasty. The Cuinese are,
however, fond of trade. They are by
by no means disposed to " quarrel with their
bread and butter," or to zelinquish any profit
that are within their reach,. We may therefore
anticipate that whatever way 'b© the decision of
"his Celestiality," the or. IrOXXOt will again be
prepared to trade with "Vale English barbarians,"
and to take every possible advantage that can
be obtained.

From India the tidings t,,re eminently satisfac-
tory. The neck of the rebellion has been broken,
0114 order agd trauquillitY a tat rill coVria restores

tion. We must be contented to bide our tim•
for the important results that must inevitably
attend the gallantry of our soldiers and the judi-
cious arrangements of the Commander-ie-Chief.
In Calcutta the inhabitants are anxiously
awaiting the promised change in the adminis-
tration of Indian affairs. The " direct Govern-
ment of the Crown " is the popular demand, and
that goes further to confute the arguments of the
advocates of the Company, than anything that
could be alleged in this country. We believe that
the accession to office of Lord ELLENBOROUGH will
be treated with universal approbation by all per.
eons untrammelled by official ties, who no longer
desire to see India held for the exclusive benefit
of the Civil Service.

We publish, in another part of our impression,
what will, we believe, be found a true list of the
new Ministry—the "correct card," as it may be
termed, of the competitors for DERBY honours.
It nearly coincides, respecting the more important
offices, with those that have already appeared in
As Sum. There is, however, one omission which
will be noticed with universal regret. The name
of Sir EDWARD BIILWER LYTTON is wantit,g in the
Ministerial programme. It was confidently as-
serted and universally believed that his valuable

services would be available, although doubts were
entertained whether he would accept office as
Colonial Secretary or Chancellor of the Duchy
of Lancaster. It is well known that Lord
DERBY attached great importance to his co-
operation and assistance, andthere can be
but little doubt that the Colonial Depart-
ment was tendered for his acceptance. It
has, however, been declined, after attentive consi-
deration, not because of any political differences, but
simply because a fierce opposition would be offered
to his re-election for Hertfordshire; and notwith-
standing the strong probabilities of success,
afforded by the public and private estimation in
which he is held, it was not deemed advisable,
for the time being, to occasion the excitement that
would necessarily resu' t from asharp contest forone
of the metropolitan counties, or the possible risk of
even a temporary absence from the Hous• of
Commons, during the period when his powerful
eloquence would be so much required. It will
speedily be ascertained whether the new Admi-
nistration will receive fair play, or be subjected
to vexatious and factious opposition. Under any
circumstances, there is reason to hope that the
accomplished baronet will speedily be numbered
among the responsible advisers of her MAJESTY.
In the meantime, he will afford his advice and
assistance as fully as if he were indeed a leading
member of the Cabinet.
Lord STANLEY is to be at the head of the Colo-
nial Department, not merely because heir appa-
rent to the Premier, but bonnie his ability and
moderation have been universally recognised, and
he is generally considered one of the most promis-
ing and efficient members of the party to which
he belongs. He has, on many occasions, dis-
played the spirit of a true Reformer, and his
acceptance of office affords an auspicious augury
of the nature of the measures about to be brought
forward by the "coming men." It was announced,
by the thick and thin opponents of Lord DICRBY,
as a strong point, that his own son refused to
accept office, for which all admitted his fitness.
They are now sadly disappointed at the total
defeat of their gloomy vaticinations. Their
leader declares that the appointment " is a little
strange, when it remembers his former votes and
speeehes, to find the name of this very clever and
accomplished young nobleman upon the list of a
Conservative, not to say a Tory, Cabinet." This
estimate of the Times proves that in Lord STANLEY
the nation has at length seen " the right man in
the right place."

There is another ground for supposing that the
new Government will not prevent the passing of
popular measures. The Times, acting on its
inspiration, more than hints the course of policy
about to be pursued. It says :—" We see no
course but one, and that is one for which the
Tories, after their long abstinence and their half-
year's taste of office in 1852, showed great apti-
tnde. They have ever been great at borrowing.
They are nobly indifferent to the boast of origi•
nality. As it is said c fools build houses for
wise men to live in,' so Liberals make measures
for Tories to pass Why this is what the nation
wants. It is the indication that they intend co
pass measures just as liberal as the soi-disang
liberals themselves, and possibly more so, and,
the latter are disgusted at the necessity "
making an advanced bidding. Lord Pit'
MEESTON and Lord JoIIN RUSSELL have alike
spoke and voted against the Ballot, although the
latter profited by an ambiguous speech of his
brother at the last election for the City of London.
Possibly he may now see the necessity of arming
himself with that potent weapon in the general
melee that may be anticipated. At all events, the
cause of Reform will not suffer by the overthrow
of the PALMERSTON Government and the accession
of Lord DERBY and his followers.

Mr. DISRAELI will, unquestionably, offer
fairer prospect of monetary and fiscal reform than
could be anticipated either from Sir G. C.
or Mr. GLADSTONE. The former was bent OR
sustaining the Bank Charter Act without 'change
or modification. The latter wished to ren-
der it far more stringent. Mr. DISRAELI
voted in the minority against the report of the
Committee of 1847-8 on the causes of cononerd
cial distress, and from him alone can We expo
any beneficial modification of the monger,' ev'e.
Sir G. C. LEWIS and Mr. GLADSTONE strenuously
resisted any alteration in the assessment of the
Income Tax. Mr. Dorwria not only recognised
the distinction between the earnings of industry
and tho proceeds of accumulated and realised pro-
perty, but actually brought forward a proposition
for the purpose of introducing a more equitable
apportioarnent, We certainly greatly prefer biAs
—a man of the people-..to either of the rival
claimants.
We can easily conceive why Lord D.E"I. should
s
have failed in 1852, and yet succeed on the presort
occasion. The vexed question of " protection" WS!
then a recent sore. Its advocates were distrusted.
The monster monopoly had preyed on the vitals Of
s
the nation, and anything that opened the sliglitteh9e
chance for its resuscitation was opposed with has
strength and power of the people. Nov( itiiouie
long rested in its inglorious grave. It has be—
a matter of history, and we should j soon
ust a°
the
be
anticipate a proposal for the enactment °
tte°
penal code, or the re-establishment of r° A
boron ha as for the imposition of a new brew
ot,
tax. There has been for some time a subsidenea
of political disputes. There have been no
trf•
that
12,
questions to disturb the House or the coon
there was no
We have repeatedly heard--
o.
to prevent a fusion of partie3. Why, then,
t of their biddiegi
give a fair chance to the Derbyite Ministrip
extent
ascertain the nature and aje
favour, and see what their con3pstitrefel
offer.
Monopolies of any kind are always
Bent or in legislation than in business.
inju
for
rou popularstothemultitude, and no less so in Gol'oril

Despatches were sent yesterday from the ColOolusl;
•Bice to the GOTerIICIA Of Lian lion, ()Ay MI/ 04 r
Alonritill/.

Id 0 . Y

i1.;,51.A.,..-15 ..tii: '....5.t

-

~... ... .
-+Lai.%ir a:r:.

GOYEINMENT SECURITIES.
474 Redeemable. Per Cent. '4„,
ti,l'wq States 6 per Cents. 1867-1868...101 103
-410,1 States 6 per Cent. Bonds 1868...101 103

STATE SECURITIES.
illibama 5 per Cent
... 78
a ki. eatoolq 6 per Cent. Bonds 1868-1872 91 93
li'l4ryland 5 per Cent. (Sterling Bonds)... ... 88 90
Iti,!asaclauietts 5 per Cent. (Sterl. Bonds). ...101 103
qqaaisoippe 6 per Cent. Pl. Bk.
pßeads lB4l-1871.. 40 42
lasippi 5 per Cent. Union Bk Bonds ... 20 23
elinsylvania 5 per Cont. Stock
VlLlnaylvanis 5 per Cent. Bonds 1877... 82 83
Ti is 6 par Cent. Bonds -
11:1_ .thia per Cant. Bonds 1886... 83 85
44114 5 per Cent. (Sterling Bonds) 1888... 82 84
LOANS OF CITIES.
113k_it012 0 Cent.
perßonds 1883... 83 90
est_i_trear 6 per Cent. Bonds 1856-1865...
w Orleans 6 per Cent. Stock 1883...

........
I RAILROAD BONDS.
-.'"l Central 7 per Cent. Ist Mortgage,
zilnot Convertible 1875... 86 87
tii!4oiii Central 6 per Cent 1875... 85 87
billobi Central 7 per Cent. Freeland
1860... 85 87
7nois Central (Shares), $3O paid ... 6 d 4 d
-4'thigen Central Bp. Cent., Convert 1860...
Do. do. do. 1869... 90 92
trlvr York Central 7p. Cent., Convert 1864... 92 94
"r.,' York Central 6 per Cent., not
‘lorivartible 1883... 82 81
or York and Erie 7 per Cent. 3d Mort-
" Xigy 1883... 80 82
'ME pad Erie 7p. Cent. Convertible 1862... 50 55
palelp and Erie 7 per Cent. Sinking
Ind
". 1875... 50 55
P.„"31 7 per Cent., Ist Mortgage 1865...
4471venia Central 6p. Cent., Ist Mort 1880... 88 90
t ilt) dealings in the Railway Share Market,
oday, have been of a very moderate character,
itlld prices have slightly declined. Most of the
eading lint El are now quoted ex dividend. Chester
111111 Holyhead have receded about I/. ; Brighton,
6s. ; Norfolk, 1/. 10s. ; and E Astern Counties,
great Northern, Lancashire and Yorkshire, Mid-
lands, North-Eastern (Berwick), and South-
."-;astern, about ss. to loa. South Western im-
t_roved II The Foreign and Colonial lines have
‘,"1°111 inactive, and also at reduced quotations.
'"orthern of France declined 11. Paris and Lyons
; and Great Luzern ,ourg and Sam .re and
ss. East India' have declined 11.; Grand
( °I Canada, 10s ; and Great Indian P,Hin-
-68. Great Western of Canada unproved
about 108.
yMines, Batiks, and Miscellaneous Shares were in
IT limited requo.t, and prices exhibited little
kruttion. Berliu Watt,'-works decline(' ss.

11111/71111N FIIINDI TAUS DAY eT 01118 uLt,.
(F rcnn the Official List:)
Busineos dose
BA La, stock
cme, t;edneed Antillitto-
Itter tgYA 0,n9olt.
14,1%, per Cent. Annuities
3-;qttfls, 29 p
itto.

f;t . anderccount £lOOO
„,
keols to
E r A.„
41` et •iins, tin
,1000
I.w
34 4 p
18,,,,i,
?1, Ditto Advertised 37 33 p
"4(44 OY FORBIGN FIINDS AT ON.i O'CLOCK.
, tle
IP°4 Ayres Bonds, 6 per Cent. —
is,,, `tto Account Bl4
waviau Bonds, 41 per Cent —
. tiitto Account
qtrrliniar. Bowls, 5 per Cent
Ditto Account
4Di eib ~ds, 3 per. cen
.• ..
........t
....... . 91.; 1
............
tqtto Account
........ . ...................... 41}
l&la., Othlts, , per cent... ...... ....... 1013 i
Ditto Account
Ditto Guaranteed, i per Cent.
Ditto Account
104
1)11 Dividends on the above payable in London.
tc4 Eiehange, 2i per 12 Guilders —to
1+„,., • 4 ~er Pent. Certificates
""Itn Dollar Bonds, 41 per Cent 564
TWO O'CLoCk.
11°;‘,'Igols, money
—,,,"40, Account
'onsols for Account, (April)

41 1"
"'"10,. 'ENT TO THE EMPEROR OF THE FRENCH.—The
and ammunition
,aa°ueder field-piece, with limber
fl,c4fle, intended as a present from herMa.,ety to the
taosrsy.ester•
tll.-3,P6ror Napoleon, having been c(mpleted,.j7
The
itp,,;ill4Pected, at Woolviich, by numerous vie'
turned out
It,t446filf is the most perfect specimen yet
4rrithe Royal gun factories, and the ironwork of the
of ,;`,fCee is so highly polished as to have the appe.
the ~","*. The timber oak. grained and varnished, nou,.
*orin)"..i_ele.s. are in every re'-pect beautiful specimens
MIDLAND GREAT WESTERN RAILWAY. —The
Ot this company have decide,' upon recoin.
4' to their propriaturs, at the f,irthootaing half-
•
s'e ly g?
"titigo dividend at the rate of 5 per eont•
1.'114 31 m, free of income tax, for the half-year ending
'b I)ftera4er last.

g
Ya. •
K '1„

CITY, Two o'CLoot..
Tee foreign and colonial produce m srkets have
exhibited rather more fineness tl:e lest few
days. The fin-_r qualities of bug tr have elieh ly
improved, as also coffee and cocoa, but tea, rice,
and saltpetre have been dull. In the latter article,
however, an improvement of about 6d. per cwt.
may be quoted. The publio sales of silk have gone
off very languidly, scarcely any biddings having
bleu made, but a moderate busines has been doing
by private contracts at about former rate . Tallow
has been dull, and lower quotations are current.
P.Y.C., on the spot, is quoted 525. 9d. ; March
delirery, 52e. 6d. ; and last three months, 51s. 6d.
per cwt.
The usual quarterly sales of Foreign and Colonial
wool ceintneuce i yesterday aftereooe, when ab :ut
2,180 bales of Sydney quality were summated to
Inulic compe'i inn. The etteudtece of bteh home
and foreign buyers was rather large, but very li Ile
animation was evinced in tee bidding-, as buyers
appear to ac' with gee a. canteen. A few superi r
qualities realised an advance of about id. to Id.
per lb. o last N svemb-~r sales' rites, but in most
instances litrle variation can be not d in values.
Accounts from Liverpool report that the Cotton
Merl:et yes erday manifested an active epee srance,
and prices continued to improve. The sales
am .unted to 10.000 bale, 2,000 of which were
taken by the speculators. The Railway Share
Market closed steadily, and a good business was
transacted at about previous rates.
At the Bank of England yesterday there were
no receipts of gold ; but on the contrary a small
amount, viz., 40,0001. was withdrawn for the
Purpose of transmission to the Continent.
Silver is firm at ss. lid. to ss. 2d. per oz.
standard for bars.
The Wooloomooloo has arrived from New South
Wales with 1,000 ounces of gold.
This day the annual meeting of the Chartered
Bank of India, Australia, and China, took place,
when a report was presented, which stated that
agencies had been established at Bombay and Cal-
cutta, and that the certificate of the treasury had
been received as to half the capital being paid up.
The other 101. would be payable within two years
from the date of the certificate, but the directors
Would not make a call on that amount for twelve
Months after the commencement of business. The
balance-sheet showed the assets to be 323,2071. 13s.
4cis Some discussion took place, and the report
Was adopted.
At the meeting of the South Yorkshire, Don-
caster, and Goole Railway Company to-day, a
dividend of 31 per cent. on the ordinary capital was
declared. The gross revenue receipts of the half-
/ear, compared with 1856, showed an increase of
4,488/. 15s. 7d.
The report of the London, Tilbury, and South-
end Railway Company, read at the meeting
cf to-day, states the balance of receipts for
1857 was larger than in 1856 by 2,4871., the total
receipts fur 1857 being 54,2251. The report was
Adopted.
The market for English Securities has been deci-
dedly heavy to day, owing to some large sales on
apeculative account. The decline in the Foreign
exchanges, and tee withdrawal from the Bank of
40,0001. for export have stimulated these opera-
tions. Transactions have teen recorded at a de-
cline of about k per cent. Consols having been as
low as 96/ 97 fur money, 96k 97 for March, and
97i k for April. The New Three per Cents. are
narked 971 and tie Reduced 97i I. Exchequer
have risen to 355. end 39-. premium, and
ludia Bonds are 255. to -9s. premium. Bank
'stock is 225 to 2251.
Foreign Securities are dull, and prices have gene-
rally declined. Turkish 6 per Cents. are 101 i 102;
4tid the 4 per Cents., 1041; Peruvian ,4 per Cent.
art' 823/4 ; Sardinian 5 per tents., 9Ds ; Spanish
tPer Cents.,444- ; ani Dutce 4 per Cents., 100 i ;
eruviau dollar bowls, 56k ; and Buenos Ayres
°Per Cents., 81g.
The fellevrine are the nominal prices of Foreign
)eks:—:Mexican,2ol to 20i ; Peruvian 4} per Cents,
ei to 833/4 ; Du. 3 per Con's., 56 to 57 ; Portuguese
tiPer Cents.. to —; Russian 5 per Cents., 111 ;
2itto 4 per Cents , 99 to 991 ; Spauusii 3 per
44i to 441 ; Ditto Now Deterred, 26i to
6'
D. Bell, Son, and Co., give the follow-
I 14 the prices of American Securities :

20
20
10

St..
St.
St.
St.

20
100
100

St.
20
100
100
20