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 16th January, and from Calcutta
to the 23d, from which copiousp 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 YETI, the
originator of the difficulty, of the Tartar General,
and a mysterious personage designated as the
" FII-TOR " or " PEII-JEWEr," will be perused
with considerable interest. Ysnit had exercised
his authority to the last, so far as beheading a
large number of the lieges of the " Celestial EM-
PEROR." He made a general clearance of all
scores in that department on :he 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 Yriti manifested great philosopky, and
_ _
submitted to his captivity with, 9. t least an aff,-c-
-tation of merriment.

The Tartar General and " the PELT-ILWEI "
Were even more ready to conform to the wishes
of the new possessors of the city. 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 in receiving punishment. With the steam
.flotilla at our command, we may carry the war
much nearer hove, so that it may prove
rather annoying to the present chief of
the Mant-chow dynasty. The Cainese are,
however, fond of trade. They aro by
by no means disposed to " quarrel with their
bread and butter," or to relinquish any profits
that are within their reach. We may therefore
anticipate that whatever may be the decision of
"his Celestiality," the of roXXot will again be
prepared to trade with "the English barbarians,"
and to take every possible advantage that can
be obtained.

From India the tidings aro eminently satisfac-
tory. The neck of the rebellion has been broken,
and order and trAnquillity Are in coarse of rector?-

Lion. We must be contented to bide our time
for the important results that must inevitably
attend the gallantry of our soldiers and the judi-
cious arrang,meqts of the Commander-in-Chief.
Iu Calcutta the iiJhabitants 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 ELLENBOROUGII will
be treated with universal approbation by all per-
sons 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
7he Sui. There is, however, one omission which

will be noticed with universal regret. The name
of Sir EDWARD BI7LWER LYTTON is wanting in the
Ministerial progra►nme. It was confidently as-

seated and universally bylieved that his valuable
services would be available, although doubts were
entertained whether ho 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 Hettfordslike; and notwith-
standing the strong probabilities of success,

afforded by tha public and private estimation in

which he is held, it was not deemed advisable,

for the time being, to oceasion the excitement that
would necessarily result from asharp contest forone

of the metropolitan counties, or the possible risk of
even a temporary absence from the House of
Commons, during the period when his powerful
eloquence would be so much required. It will

speedily be ascertained whether the new Mali-

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 Cola
nial Department, not merely because heir appa-
rent to the Premier, but became his ability and

moderation have been universally recognised, and

he is generally considered one of the most promis-

log 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." ft was announced,
by the thick and thin opponents of Lord DERBY,
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 littlestrange, when it remembers his former votes and
speeches, 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 18452, showed great apti-
tude. They have ever been great at borrowing.
They are nobly indifferent to the boast of origi-
nality. As it is said 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 to
pass measures just as liberal as the soi-disctnt
liberals themselves, and possibly more so, and
the latter are disgusted at the neoessity of
making an advanced bidding. Lord PIT,
MERSTON and Lord JOHN 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
me/es 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 a
fairer prospect of monetary and fiscal reform than
could be anticipated either from Sir G. C. I.ltivls
or Mr. GLADSTONE. The former was bent on
sustaining the Bank Charter Act without change
or modification. The latter wished to ren-
der it far more stringent. Mr. DasAga
voted in the minority against the report of the
Committee of 1847-8 on the causes of commer-
cial distress, and from him alone can Yrs expect
any beneficial modification of the monetary code.
Sir G. C. LEWIS and Mr. GLADSTONE strenuously
resisted any alteration in the assessment of the
Income Tax. Mr.'Disn.snra not only recognised
the distinction between the earnings g)f industry
and the proceeds of accumulated and realised pro-
perty, but actually brought forward a :proposition
for the purpose of introducing a more equitable
anportioument. We certainly greatly prefer him
—a man of the people—to either odf the rival
claimants.
We can easily conceive why Lord DEMl"should
have failed in 1852, and yet succeed on Cho present
occasion. The vexed question of "protection" wasthen a recent sore. Its advocates were distrudistrusted.The monster monopoly had preyed on the vita is of
li
the nation, and anything that opened the sligMfli
chance for its resuscitation was opposed with
strength and power of the people. Now it hill
long rested in its inglorious grave. It has beccga°
a matter of history, and we should just as ed•°ll
anticipate a proposal for the enactment of the
penal code, or the re-establishment of ropteri
boroughs, as for the imposition of a new btcrOd
tax. There has been for some time a subsidonof
of political disputes. There have been uo vexed
questions to disturb the House or the country
°thing
We have repeatedly heard that there was n
parties. Why, then, 31'4
tgoi
give
a prevent
fair a fu nof
chances i o
to the Derbyite Ministry, in
ascertain the nature and
d extent of their biddie4s
for popular favour, and see what their competitall
offer. Monopolies of any kind are always
Inn-
rious to the multitude, and no less so in Govertr
merit or in legislation than in business.

Despatches were seat yesterday from the Colonial'
office to the Governors of Hong Kcmg, Ceylon* wad th.
NlAnritins.

MONEYA Ab

I. LTD

COMMERCIAL

tA."EY, Two o'ULOOL.

The-foreign and c produce m ke;
.ta.t'
exhibited rather more firiun-si duriog tine lamt few
tlaYs. The finer qualities of sugar hive siigh ly
IreProyed, as also coffee and coe)a, but tea, r.ce,
4,14 saltpetre baie been dull. In the latter article,
40wever, an improvement of about 6d. per cwt.
may be quoted. The public sales of silk have gone
off very languidly, scarcely any bidding* having
"en made, but a moderate busine4s has been doing
Priitate contracts at about former rate . Tali w
has been.dull; and lower quotations are current.
r*Y.C., on the spot, is qu 52% 9d. ; March
delivery, 525. 6d. ; and last three months, 51s. 6d.
Per cwt.

The usual quarterly ;ales of Foreign and Col. vial
)°°l commences! yesterday afteretton, when ab
2,lBo,bales of Syduey quality were su'an.tted to
Public compet.i.ion. The attendance of hal h home
and foreign buyers was rather large, but very li' tee
animation was evinced in the bidding-5 as buyers
liPpear to act with gr. at catiti,m. A few superi
(Mantles realised an a I vauce of about id. To Id.
Per lb. o-i last Naveinb-r sales' rites, but in most
instances little variation can be not- d in values.
Accounts from Liverpool report that the Cotton
tarket yesterday manifested an active appearance,
arid prices continued to improve. The sales
illununted to 10,000 bales, 2,000 of which were
teken by the speculators. The Railway Share
market closed steadily, and a good business was
transacted at about previous rates.
Al_ the Bank. of England yesterday there were
ao receipts of gold; but on the contrary a small
amount, viz., 40,0001. was withdrawn for the
Purpose of transmission to the Continent.
Sil4rer is firm at ss. 15d. to ss. 2d. per oz.
*heard for bars. -
,n,T4 Wooloomooloo has arrived from New South
wales with 1,000 ounces of gold.
This day the annual meeting of the Chartered
411 Ink of India, 'Australia, and China, took place,
When a report was presented, which stated that
agencies bad been establishid at Bombay and Cal-
ttltta,, and that the certificate of the treasury had
3,en'received as to half the capital being paid up.
k_l:4e Other 101. would be payable 'within two years
,7°lll:the date of the certificate, but the directors
wout4 not make a call on that amount for twelve
tniths after the commencement of business. The
lence-sheet showe&the assets to be 323,2071. 13s.
itt Some discussion took place, and the report
adopted.
astt- the meeting of the South Yorkshire, Don-
Vi"er) and Goole Railway Company to-day, a
dividend of 38 per cent. on the ordinary capital was
ell d. The gloss revenue receipts of the half-
-4484;;. compared with 1856, showed an increase of
14 15s. 7d.
10, ,413 report of the London, Tilbury, and South-
og Company, read at the meeting
1•
-day, states the .kalance of receipts for
re 4 •
Was larger than in N. 56 by 2,4871., the total
aricelPtS fur 1857 being 54,2251. The report was
4,h()Pted.
The market for English Securities has been deoi-
,Oly heavY to day, owing to s--me large sales on
-
liteutaiive account. The decline in the Foreign
Changes, and tie withdrawal from the Bank of
ire4oo/. for export have stimulated these opera-
i. ilk Transactions have t een recorded at a de-
.46
of about per cent. Consols having been as
e,,w, as 962 97 for money, 96i 97 for March, and
ID 14 for April. The New Twee per Cents. are
lake(' 97/ if, and the Reduced 974 f. Exchequer
1:14 have risen to 355. .nd 39-. premium, and
kirlia Bonds are 255. to 9ki. premium. Bank
',°Cit. is 225 to 2255.
rif;Dreign Securittes are dull; and prices have gene-
sLl declined. Turkish 6 per Cents. are 101 k 102;
0,1,-:
.Q,t,116 4 per Cents., 104} ; Peruvian 4s per Ceut-.
1,,,-46 '; Sardinian 5 per Cents., 94 ; Spanish
Pe",,,r Cents., 444 ; and Dutch 4 per Cents., 1001; ;
dollar bonds, 551 ; and Buenos Ayres
11,i't Cents, 81g.
keit! followin4 are the nominal prices of Foreign
82 :--Mexioan, 234 to ; Peru via n 4 -et- Cents,
vLo 83A • Do, 3 per Ceu,s., 56 to 57 ; Portuguese
~ptto
Cent/s,, to ; Russian 5 per Cents., 111 ;
ZZ 4i per Cents., 99 to 998 ; Spanish 3 per
444 to 4R ; Ditto New Deferred, 26k to
kit 1:/.114rs• D. Bell, Son , and Co., givta the follow-
the' prices of American Securities :
GOVERNMENT SECURITIES.
Ni Redeemable. Redeemable. Per Cent.
States 6 per Cents. 1867-1868...101 103
-4‘84 States 6 per Cent. Bonds 1868-101 103
per
Cent STATE SROURITI7CS.
lama 5 78 -
liMetiky 6 per Cent. Bonds 1866-1872... 91 93
la.T.4ind 5 per Cent. (Sterling Bonds)... ... 88 90
10,01insetts 5 per Cent. (Sterl. Bonds). ~.101 103
341PPi 6 per Cent. Pl. Bk.
?f. nos lB4l-1871... 40 42
Pi 5 per Cent.
per Cent. ..0
Stock Union Bk Bonds ... 20 23
te):l4Ylvania 5
... 77 79
T,34ll°Ylvania 5 per Cent. Bonds 1877... 82 83
lizeit". • 6 per Cent.'Bonds -
Per Cent. Bonds 1886... 83 85
.1 per Cent. (Sterling Bonds) 1888... 82 84
40._ , LOANS OP CITIES.
41.041Z.N per
Cent. Bonds 1883... 88 90
efew 6pe Cent. Bonds 18561865:7. -
• • gleans 6 per Cent. Stock BB3
k• r, ' RAILROAD BONDS.
tui,V4intral 7 per Cent. lit Mortgage,
Convertible 1875... 86 67
iii 1° Central 6 per Cent 1875... 85 87
it Central 7 per Cent. Freeland
ads
tte,ll,°:a Central (Shares), $3O paid . 6 d 4 d
,1011 Central 8 p. Cent., Convert 1860... -
41 -
'",e. do. do. 1869... 90 92
11.4- z ork Central 7p. Cent., Convert 1864... 92 94
0, Yorke Central 6 per Cent., not
. kt,,,tertitbe 1883... 82 81
orit and Erie 7 per Cent. 3d Mod-
er 1883... 80 82
'twit and Erie 7p. Cent. Convertible-1862... 50 55
rid and Erie 7 per Cent. Sinking
t"4, d 1875... 50 55
toii,":l4/4 7 per Cent., Ist Mortgage 1865... -- -
7171vania Central 6p. Cent.. Ist Mort 1880... 88 90
t 43,, es dealings in the Railway Share Market,
eel
maY, have been of a very moderate character,
▪ prices have slightly declined. Most of the
pMing buts are now quoted ex dividend: Chester
i Holyhead have receded about 1/. ; Brighton,
; Norfolk, 11.. los. ; and E .stern Counties,
E4teat Northern, Lancashire and Yorkshire, Mid.
~allorth-Eastern (Berwick), and South.:
r-44n, about ss. to 108. South-Western itne
es3ved 11. The Foreign and Colonial lines nave
inactive and als reduced quotations.
t°estath of France declined 11. Pans anti Lyons
ken• ' and Great Luxem.,ourg and Sam ire and
Tr
sulk -. 58. East India,• have declined 11.; Grand
of Canada, 103 ; Great Indian Polon-
vent lOs
ba• Great Western of Canada improved
k;._ •
ferp limited tees, •
Banks, and Miscellaneous Shares were in
request, and prices exhibited little
7,`Cation,. Berlin Water-works declined ss.

1/11ITISH FUNDS.-CLOSING PItIOE THIS DAY.

From the o;fietal "Ast:t

BusineoF doee
Itsu .__, , . 225k 56.
i' (2°ethnt."-tcd-L;ced Anntal-ea ''''''
..... O7ll
6447 6
41-ir . "1. ,‘CTAIOLO ,lii,,A.Lieb
ISp.
ci Per Cont. Annuities* 976 13 i i
Iscjil:'°llt- Annuities ll4l
nons, *Alton •-• 29 p
ti
'1
t'''
4" illoot, 25 p
ot,ol, er
7 6,i t.
" .veonot .. '
'
Nee 81113, a
:10
37 35 39 p
's(io
tzte:itotlo:lA:edvertl'ed ' 33 p
.........
37 33 p
~,,....,::, ..
14.85.8....:::er-Cent —
Oltto. tu9
........ ' '
PRICES OF FOREIGN.....FUND..S —THIS DAY.
11enoe Ayres Bonds 6 per Cent.
Dicto Account .. '
''etisb. Bonds, 3
I\bitto Deferred 3 .........n.i: ...
... . .... ..
131
pet Cent., 1825 B4
/'ertic.„. • Per • eat
ri.;lan Borids, 4t per Cent B3
11114;it° Account
ti‘rcii,,a,4 lionds, 1822, to: St., 5 per Cont.— 11 1
tk''"'' Benda 5 per Cent.
$h 140 Account'
,„ bit','h • ...,1,,, ~ per '`ant. ...
Atltki"? Account
.044 Gude, 6 p.r obat
102 A
t),L,°_ Account .
1041
.b.,." Quarimteed . per Cont.
Vis, '''° Account .
331
"4116-.l' Bonds, .1i per Cent
6titeti z thvidend„ on the above pavable in London.
b°
-Ichange. 2. per Con.., 12 Guilders
ertl,„._" (-r oat. , ertitienteslool
' "MI Dollar Bonds, 41 per Cent 561
C 1180, Money
(March .'i !MET Z7OCK.
4 ••
Ilsolss account 4)
D 13414,,
~, e
,*Potin,4‘lslT TO THE EMPSIIQH OF THE FRENCLI.
.1:.%
k440-4;e:i field-piece, with limber and a.
t to the
T,,. ntended as a present from her Majes y
r.
tl roe
ity I Nitpoleon havine, been completed, was yeste
Re • °Ptet d ' •°' rurounitio
1, 4lteelf . ° , at Woolwich, by numerous visitors. The.
%;14 the -,%3 the most perfect specimen yet turned out
I.' ttR -, `Yal gun factorie,,,., and the ironwqrk of the
t'3ll ilise.sr 14
4 ' highly v•liJed a' to have the appParalic,
% vehio*, The timber r .: grained and varnished, ano
Otion. Lei 4143 are in eve ro,pect beautiful specimens of
4 •