The Sun.
London, England, 1859-10-20 00:00:00

TURKEY.

The Paris papers publish the following note, coin
municated to the Sublime Porte by the represent&
tives of the Powers that signed the Treaty of Paris
We translate the note as published in the Constitu•
tionnel:—

" The representatives of the Powers which, while
guaranteeing the maintenance and the integrity of
the Ottoman Empire, testified a particular interest
in its prosperity, feel it their duty, under the pre-
sent grave circumstances, to call the earnest atten-
tion of the Porte to the political and financial con-
dition of the country. Europe has marked out an
important place for Turkey in her midst, but she
was well aware that an external guarantee would
not suffice to realise her wishes if the Power thus
strengthened from without did not exert itself, and
if its internal organisation was not promoted by the
gradual and-continued introduction of reforms, the
principles of which have been solemnly and liber-
ally admitted by his Majesty the Sultan. So great a
task cannot doubtless be performed in a day ; but its
furtherance brooks no delay ; and in the interme-
diary state through which the empire is passing
between the ruins of a defunct system, and the
still incomplete materials of a new one, a continual
and incessant impulse is necessary to urge on the
loggers, to compel all to work for the common good.
" Now, the representatives, as undersigned,
regret to state, without pointing out the cause,
that this impulse does not manifest itself in a
manner to attain the object at which the Sublime
Porte itself must aim.

" The unsettled feeling which prevails in the
public mind in the different classes of the empire
will not subside until the majority of the nation
can clearly foresee in a proximate future an epoch
where it will enjoy security resulting from the
'normal movement of a society satisfied with itself,
peacefully occupied with the development of its
resources, and governed by an Administration atten-
tive to its moral as well as to its material wants;
the declared enemy of abuses, especially economical
and prudent in the outlay of the public revenue.
The fulfilment of these general conditions of the
prosperity of States is independent of the differences
of religion and of race. The question to be resolved
is that of the establishment of a Government under
which all the subjects of his Majesty the Sultan,
Mussulmans and Christians, instead of suffering
analogous evils, will enjoy similar advantages."
AUSTRIA.
VIENNA, OCT. 17.

Baron Bruck's longer stay in office is almost im-
possible, so loud, so general is the outcry against
him. The most injurious epithets are applied, to
the once-popular Minister, who is suspected of hav-
ing done things of which he, in all probability, is
innocent. In letters addressed to their correspon-
dents in this city, certain foreign bankers and
merchants express their belief that the Minister
of Finances has manipulated with other Govern-
ment Stock as he has done with Nationtil Loan
Obligations, "it having attracted notice that the
211etalliques which have recently been sold abruad
on account of the Government are new." Other
writers express their want of confidence in the
monthly balance sheet of the Bank, and ask
whether any of the directors of that institution
have recently had an opportunity of satisfying
themselves that its reserve fund is 79,090,168 ft.

AMERICA.

(BY ELECTRIC TELEGRAPH.)

LIVERPOOL, THURSDAY MORNING.

The screw steamer City of Baltimore, from New
York, has arrived at Queenstown. She left on the
Bth inst., and has 23,255 dollars in specie.
Her news is anticipated per Vanderbilt.
She poke the American ship Fiddia on the 19th
inst., bound east. She encountered strong easterly
gales during the voyage.
She left for Liverpool at 5.30 a.m.

The screw steamer North American. with the
Canadian mails to the Bth inst., was off Donagha,
dee at 6 o'clock this morning.

SOUTHAMPTON, WEDNESDAY NIGHT.
The Vanderbilt steamship, Captain Lefevre, has
arrived with New York mails of the Bth inst., 255
passengers, 100,000 dols. for England, and 604,726
dols. for France. She has had heavy weather
during the voyage.
The steamship Canada arrived at Halifax on the
6th. The Fulton, hence, arrived at. New York on
the 7th, having had very heavy weather during
the passage out.
A despatch from New Orleans of the 7th inst.
states that the Fillibusters were arrested at the
South-wcst Pass at 1 o'clock that day by the
United States' Marshal, assisted by the United
States' Artillery. They peaceably surrendered.
Despatches were in preparation at the Depart-
ment of State, at Washington for the American
Minister in China, enlightening him on the subject
of neutrality:
Several private despatches bad been received at
the War Department from General Scott, dated at
Key West, where the steamship had put in for the
purpose of forwarding them. The old General was
in excellent health. Despatches of great import-
ance had been telegraphed to him in reply. The
election in Georgia had resulted in Oovernor
Brown's re-election by fully 15,000 majority.
Senator Frederick and Judge Terry had fought a
duel at San Francisco, and the judge received a
wound in the throat, which was supposed to be
mortal.
The New York cotton-market on the 7th was
without animation, while the sales were confined
to about 300 to 400 bales, without quotable change
in prices.
The flour market continued to be active up to
the receipt of the Canada's news, with a slight im-
provement in common and medium grades and low
extras. Wheat was firmer for prime lots of winter-
grown, while inferior and common qualities were
heavy. Corn was in good request, and rather
firmer.
Sugars were active, and closed at an advance of
4e. per lb. The sales embraced 1,850 hogsheads,
2,000 boxes, and 2,200 bags. The public ta sales,
although not large, were spirited; all the green and
nearly all the blacks-were sold at rates which fully
sustained previous prices. Coffce was quiet, but
steady.
Freight engagements were modcra:e, while rates
were without change of moment.
Exchange was down to 110 :per cent. on London
for the best of the standard drawers; 1091 for tran-
sient bank, and 109+ to 109 i per cent. for choice
merchant bills. T';e French exchanges have not
gone down in proportion, though the best bills are
had at sf. 144 c. to 51. 131 e. to the dollar. The
money-market continued to work quietly. The
stockbrokers are generally accommodated at 6 per
cent , and the discount brokers get money at 6 to
6+ on very short prime acceptances, and 7 per cent.
on choice lists of paper at four to sit months' dates.
Business on the stock•exchange was moderately
active, and prices at the close decidedly firm on
most of the railroad shares.

At Baltimore, Buffalo, Cincinnati, Oswego, and

Toronto, the flour markets were firm, and prices
generally unchanged.
Sales of cotton at New Orleans were small, the
market closing at 101 c. to 11kc. for middling.

THE NEW INDIAN LOAN.
o

The movement of the new Indian Loan continues
to furnish a most remarkable example of the way in
which the value of securities is influenced by mere
facilities of management. At its present price,
assuming it to be paid off in ten years, it will pay
about 4 or 41 per cent., while the native Five
per Cents. and Four per Cents., of which there are
about 60 or 60 millions in existence, can be bought
here, the former below 90, and the later at about
76. Both are negotiable in London, and rest
upon precisely the same security as the recent loan,
while they also enjoy the advantage of being pay-
able in silver and, consequently, free from any ad-
verse influence from the gold discoveries, and of
not being liable, at least as regards the Four per
Cents., to the contingency of being paid off or of
undergoing a reduction in the rate of interest. But
the fact that the dividends must be received at the
India-office in bills, instead of in cash at the Bank
of England, and that the security is in the shape
of a paper document instead of in stock like Con-
sols, is sufficient, although these bills can be turned
into cash at any of the leading India firms, and the
paper can be registered in the name of its possessor,
to make all the difference between popularity:and
unpopularity, even to the extent of a serious annual
loss to the investor. A yet more remarkable view
of the matter is presented by the position of the
ndian railways. These, with their 5 per cent. gua-
antee, notwithstanding a recent partial recovery,
ange from 7 per cent. discount to par, while the
Madras 41 per cent. shares are 18 to 15 discount.
Yet, in addition to the Government liability, they
have solid works, which will always be identified
with the prosperity of the people, to show for the
money expended, and the prospect of large extra
gains from the traffic yielding more than the gua-
rantee. The holders likewise have the conve-
nience of their dividends being remitted to them
by post, but the magic words "Bank of England"
am wanting, and the property must therefore re-
main subject to a disparaging contrast. That the
railway stocks cannot advance much beyond par,
except in cases where a development of traffic is
taking place, so as to show that the returns will be
more than 5 per cent., must be admitted, because as
fast as they rise to a premium the companies will,
of course, avail themselves of the notification that
guarantees for extensions may be had upon their
being asked for, but this circumstance can afford no
explanation for the present shares remaining at a
discount. The lesson conveyed seems therefore to
be that the public are guided, even in financial
matters, by convenience and fashion more than by
any deliberate judgment on the intrinsic and rela-
tive merits of the securities they may select, and
that the dealers who desire to prosper must study
this peculiarity rather than base their proceedings
on abstract calculations.—Times.