The Sun.
London, England, 1857-11-25 00:00:00

SPAIN.

The Madrid journals of the 20th announce that
the confinement of the Queen was expected almost
every hour, and that the customary prayers for her
Majesty had begun to be offered. up in churches.
They add that it the child born be a prince he is to
receive the name of Francisco de Assis—if a prin-
cess, that of Purissima Concepcion (Most Pure Con-
ception). Several persons had gone to the Bank to
get notes changed, but the opening of a special
office for their payment had restored public confi-
dence. In the provinces, speculators were endea-
vouring to obtain specie, whichis stated to
be abundant, for., exportation, but it is an-
nounced that the Government was taking mea-
sures to prevent them. A royal order in the
Gazette directs that the sale of communal pro-
perty shall be suspended until the Cortes can
.decide on the matter. The levying of the provin-
cial militia was being effected with calmness. It was
reporte
det la that
Cthoencto, cveraiipmtaeinnt_Glelauclresaeinotf
Cuba,orders to
General
organise a body of infantry, with the necessary
ymaetxaicosl:eirtitthe
acornitilllneeryn,cein hostilitiesorde rto
against
earienasdt notice to
of the prevent negocations event

The Bourse of Stockholm has founded an associa-
tion, under the tile of ‘‘ Credit Society." The
object of it is to aid members
and thus to render mutual assisbtyanmeee,aannsdosfulnpopaorst,
public credit. The subscription amounts to the
sum of four millions. A board of twelve members,
provided with tile most extensive powers, has been
elected to manage the affairs. These managers
are composed of the most notable members of the
Bourse.
The Nuremberg Gazette, in giving an account of
the d?cision of the Germanic Diet on the 19th to
communicaie to the Danish Government the com-
plaints forwarded by the Duchie", with a view to
affording the Government of the King of Denmark
an opportunity of offering explatia,tions, affirms
that the case of Holstein is not included in this pro-
ceeding of the Diet, inasmuch as the States of Hol-
stein bad not sent in its complaint to the Diet in
proper time. The Holstein affair is to be brought
forward at a later period.

MESSRS. NAYLOR, VICKERS, AND CO.'S
'SUSPENSION.

The meeting of the creditors of the above steel
firm was held at their offices, at Sheffield, yesterday
afternoon. There was a very numerous attend-
ance, most of the principal creditors being repre-
sented. The balance-sheet, which had been prepared
by Messrs. Harwood, Banner, and Son, of Liver-
pool, accountants, was read. It appeared that the
assets in England were, in round numbers, as
follows :—Good debts, 30,0001. ; iron, metals, (Sic.,
90,0001. ; property, less mortgages, about 24,0001.;
total assets in England (with various smaller items),
about 181,0001. Assets in America, about 407,0001
Total assets, 589,0001. Total liabilities of the firm
in England, America, and elsewhere, about 370,0001.
It thus appears that there is a surplus in favour of
the firm of about 220,0001. The estimate had been
made rather below than above the mark. The
private property of the partners would show a sur-
plus, after meeting all private liabilities of between
20,0001. and 30,0001.; so that there would be a
total surplus of about a quarter of a million. There
arc sundry small debts owing by the firm, all under
2001., and amounting in the whole to about 4,0001.
These it was determined should be paid in full im-
mediately. With respect to the general liabilities
of the firm, it was proposed, seconded, and adopted,
with only one dissentient, that they should all be
paid in full, 20s. in the pound, in the following
manner :-ss. in the pound on the 15th July, 1858;
ss. in the pound on the 15th October, 1858 ; Se. in
the pound on the 15th January, 1859 ; and the
remaining ss. in the pound on the 15th April,lBs9.
The acceptances of the firm are to be given to the
creditors immediately, in the proportions, and
payable at the dates above specified. By this
arrangement the creditors will immediately receive
the whole amount of their claims in bills. A gen-
tleman who represented the Bank of Liverpool, a
large creditor, suggested that a committee of con-
sultation should be appointed to advise upon the
realisation of the assets and to inspect the affairs of
the firm from time to time ; but this proposition
was not seconded, and it thereforefeli to the ground.
Mr. DuNN said that if bills were given at once,
there ought to be no committee of inspection ; and
that if there were a committee of inspection bills
ought not to be given now, but the creditors ought
not to be paid till and as the assets were realised.
The decision, therefore, is, that Messrs. Naylor,
Vickers, and Co., are to be entirely uncontrolled
in the management of their business.

Much sympathy was expressed with the firm,
and the remark was general that the most surpris-
ing circumstance was that a houso with such an im-
mense surplus, and with such a lucrative t asiness,
should be under the necessity of seeking the indul-
gence of its creditors.