The Sun.
London, England, 1835-04-28 00:00:00

SPIRIT OF THE PUBLIC JOURNALS.

Sir Edward Knatehbull, who still does the duty of
Paymaster of the Forces, must have been somewhat asto-
nished to find in the Tory organ (the Times of Saturday
last) that the blunder of one of his clerks had nearly occa-
sioned a national bankruptcy.
" Three bills," said the -Times, " drawn from abroad on the
Treasury in Downing-street, and duly accepted, were pre-
sented this (Friday) morning at the Bank, and refused pay-
ment, the answer of the clerk to the party presenting them
being 'No effects.' In a few minutes notice was sent to
the owner of the bills, that if again presented they would be
paid, which was done in the course of the afternoon. This is
all that has transpired on the subject ; but much conjecture
has naturally been exercised on so remarkable an event as a
stoppage of payment on the part of the Government, which is,
according to mercantile usage, the true character of the affair."
And then the Times reads a lecture to the Reformers
on the evils of faction. See the danger of a factious op-
position to Government! What a narrow escape we have
had ! It happens, however, that the " factious opposition"'
had nothing to do with the affair. The ground of the delay
of the Bank was altogether technical. The Paymaster of
the Forces, on whom the bills were drawn, had actually a
large balance at the Bank ; but he keeps two accounts
there ; one on which the balance is large, and another on
which there was also supposed to be a larger balance than
actually proved to be the case, from a blunder of a clerk in
the Paymaster's Office. The bills had reference to the
account in which the the error was committed, but the
mistake was immediately rectified. The state of the Sup-
plies voted by Parliament had nothing to do with the mat-
ter. The eagerness with which so trifling a circumstance
has been laid hold of, is the only thing remarkable in the
whole affair. We refer our readers to our City article for
more ample details respecting this business. They will see
that the Bank is expressly prohibited by Act of Parliament,
under a penalty, from transferring from one account to
an-
other any portion of the money held for the public service,
or even to advance a single shilling beyond the balance to
the order of the particular account drawn upon.—Morning
Chronicle.

THE FUNDS.-(THIS DAY.)

CITY, TWELVE O'CLOCK.

The continuation of the easterly wind prevents us from
arrivals this morning. We have only a French mail, with the
Express from Paris, which are of little importance. The
accounts from Madrid are not later than we had by the last
arrival, but the French Papers received this morning state,
from the above capital, that the Bank of St. Ferdinand did
not answer its purposes, and a new Bank was going to be
established on the principle of that at Brussels and Rome,
under the direction of Rothschild's house, and its paper to be
negoc iated at Paris and at London, and that Count Poreno
had promised to it the protection of the Spanish Government.
The troops which left Madrid with such haste did not pro-
ceed to Toledo, but went to Aranguez, where the Carlists had
entered, being well received by the Monks of the Convent;
but soon after were driven out by the militia and the troops,
who murdered the monks, with the exception of those who
made their escape.

THE FUNDS.

During the whole of yesterday, both the British and Foreign
Markets were very heavy, but more particularly the latter,
caused by the mania which has prevailed for some time past
for speculating in South American Stocks. For instance, Co-
lombian Stock, which had reached a few days since 55k, re-
ceded yesterday to 46. Other South American Securities
are also in a fair way of experiencing a similar fate. Spanish
Bonds and Spanish Scrip also receded, but Portuguese Stock
continued firm, and maintained their prices. Northern Stocks
are steady.
Coinsols, which left off heavy yesterday at 92i- I for money,
and 92i I for the Account, opened this morning at 92i f for
Account. Exchequer Bills, 35 36 ; India Bonds, 17 19;
Bank Stock, 2171 218.

The following are the opening prices of the foreign stocks
this morning : —Spanish Stock, 70 to If ; Spanish Scrip,
10 to i ; Portuguese, 99a ; Columbian, 47 to I.
The express from Paris being of Sunday's date, we have
no prices of the funds, but at Tortoni's they were done at
3 per Cents. 82 25.
HALF-PAST ONE.
The funds continue heavy, but more especially the Foreign
Securities, owing to a prevailing opinion that the negociations
with Don Carlos, for his leaving Spain, will not succeed. In-
deed a gentleman who has just arrived from the Peninsula
gives it as his opinion, that if General Valdez does not strike a
decisive blow soon, Zumalacarreguy will be in the course of
the suminer at Madrid. There appears to be a great anxiety felt
amongst the Spanish bondholders to receive some information
respecting the operations of the above General, in consequence
of which the Spanish Stocks are rather heavy.
The speculations in South American Stocks have, as we
stated, turned out to be a very dangerous concern, and those
who have purchased in them now begin to find out that their
capitals are in jeopardy.
The Pertuguese Stocks maintain their prices.
Consols have continued during the morning at 921 for the
Account ; little doing. Exchequer Bills 35 36 ; India Bonds
19 ; Bank Stock 218.

In the Foreign Market Columbian Stock receded to 44;
a re-action took place, and it is now 46k. Spanish Bonds,
70 to ; Spanish Scrip, 14 prem. ; Portuguese, 99.1 100 ;
Dutch, 2- per Cents., 57k.
Money is in demand for the Foreign Market, owing to its
being settling-day to-morrow in the Foreign Funds.

THREE O'CLOCK.

Comb, for the Account, 02
THE FUNDS —C]
BRITISH
Bank Stock 2lB
3 per Cent. Red 91%
3 per Cent. Cons 9254
'3 per Cent.
3% per Cent. Red com,
New 3% per Cent 100%
4 per Cent. Assented
Dissented
Long Annuities to expire
Jad 1560 l6 15-16
Oct. 1859
Jan. 1860
OREIGI,

,OSING PRICES.
FUNDS.
India Stock 260%
Ditto Bonde l9 pm.
South Sea Stock
Ditto Old Annuities
Ditto New Annuities
Ex. Bills, 10' 0/.
Ditto 5001 16 pm.
Ditto WI/ 36 pm.
Bank Stock for Opg.
India Stock lor Act.
Consols for Act.

Austrian, 5 per cent
Belgian, 5 per cent
Brxzilian Bonds

Buenos Ayres, 6 per cent —
Chilian, 6 per cent 53!4
Columbian, 6 per cent. 42
Ditto, 1824 49
Danish —
Greek. Bonds, 1325.5 per cent —
Mexican, 5 per cent., 182.5 3334
Ditto, 1825, 6 per rent 48%
Peruvian, 6 per cent