The Sun.
London, England, 1857-01-13 00:00:00

TITE CRISIS IN CHINA.

We have been requested to give publicity to the fol•
[owing

East India and China Association, Cowper's.
court, London, Jan. 6.
" To the Right Hon. the Earl of Clarendon, K.G., bet
Majesty's Principal Secretary of State for Foreign
Affairs, &c.
"My Lord,—The members of this association be%
leave to address your Lordship on the occasion of the
present crisis in China, many of us having personal CO;
uexions and a large amount of property at stake in that'
country, and being deeply interested in the unintet
rupted maintenance of our commercial intercourse with
its people.
"2. We therefore hope, if Admiral Seymour should
not have succeeded in effectually and permanently eats'
blishing our right of free ingress and egress into and Ott;
of the city of Canton, conformably with the treaty, he,
Majesty's Government will adopt prompt and pffectils`
steps to secure that important condition, in order to Pre'
elude any future collision with the local Government st
Canton.
" 3. Your lordship will be aware that the enfOrcemest
of this stipulation of the treaty was indulgently postponed
from time to time at the solicitation of the Chines"
authorities at Canton, and this indulgence, instead '3'
conciliating, has only encouraged the obstinacy and hos'
tility of the provincial Government and populace.
" 4. If free intercourse were insisted upon and eats;
blished at Canton we have no doubt that animosity "NOG
gradually subside, and our commercial transactions there
be carried on with the same mutual satisfaction as to the
northern ports, especially at Shanghai, where the
crease of trade exceeds all expectation.
" 5. It may be necessary to make a conciliatory but
powerful appeal to the Emperor at Pekin, either hi
Great Britain singly, or in concert with the other treat
Powers.

" 6. In fact, a new treaty will now he required, and
we are quite willing to concur in the same liberality
which was voluntarily accorded on the former ocaasiott
by allowing to other Powers all the advantages wbi
we may obtain for our own country.
7. In the arrangement of any new treaty it will be
necessary to revise the tariff ad valorem rates for the se'
sessment of duties, and it would be desirable to obtain
permission to trade at any other in addition to the five
ports, permitting in return Chinese vessels frora all ports
in China to trade with Hong Kong ; and for British sub-
jects to pass into the int?rior of the country, ti) which ne
objection seems to be made by the population in the
vicinity of Shanghai.
"It would be a great advantage, both to Chinese and
all other merchants, to have the navigation of the large
rivers.
"Ii a first-class representative and plenipotentiary froni
her Majesty could be sent out to negotiate a new treaty,
and t i be permanently accredited to the Court of Pekin,
the deplorable provincial collisions which have periods'
tally occurred would in all probability be hereafter
avoided.
" 8. Many members of this association have been re'
sident in China, and would at any time be ready to give
local information derived from their own experience.
" And when a new treaty is in course of formation
we hope we may be allowed, as on the former occasion,
to submit such further suggestions as may occur to ne
for the maintenance and extension of our commerce
with China.

" 9. We may observe, in conclusion, that our trade
with China has become one of the greatest national Inv
portance.

" The import of tea at the time of the treaty was, is
1842, 42,000,0001 b., and has been in 1856 87,000,0001 b.
Of silk, in 1842, yearly average, 3,000 bales ; 1856,
56,000 bales.

"10. Seeing the magnitude of this trade, we have no
doubt your lordBhip's powerful mind will be anxious to
place it permanently, according to the first article of the
Treaty of Nankin, upon the basis of ' peace, amity, and
protection for persons and property.'—l have, &0.,
, " GREGSON, M.P., Chairman."
The following is a copy of the reply to the above ad'
dress :

" " Foreign-office, Jan. 8.
Sir,—l am directed by the Earl of Clarendon to as"
knowledge the receipt of your letter of the 7th inst. with
reference to the events which have lately occurred at
Canton ; and, in thanking you for that cominunicatiovt
I am to assure you that it shall receive from her Ma'
jesty's Government all the attention which the impar"
tance of the subject demands.
" I have further to say that Lord Clarendon will have,
much satisfaction in receiving from the East India and China Association any suggestions or advice tv'th respect
to the new treaty which it is desirable to negotiate with
China.—l am, sir, &c., "E. liAmmoND.
" S. Gregson, Esq., M.P.,
East India and China Association, London."

it is estimated that the Peninsular and Oriental
stmmer Pera, with the Indian mall of tiro 20th, will
talc° out between 300,0001. and 400,0001.,
silver. On this oeca6ion no shipments will be made to
China.

STOCK-EXCIIANGE.—The committee of the Stock'
Exchange yesterday unanimously adopted the following
resolution, with the view of checking the laxity shown
by some members of that establishment in undertaking
speculative transactions for clerks, of the nature recently
illustrated iu the instances of Itedpath, Robson, and
others :
" The committee particularly caution members of tbe
Stock-Exchange against transacting speculative business
for clerks in public or private establishments without the
knowledge of their employers. Members disregarding 01'4
caution are liable to be dealt with in such a manner 119 the
committee may deem advisable,"

DI ONE Y MARKET

AND

COMMERCIAL INTELLIGENCE.

CITY, Two o'CLocK.

Letters from Liverpool state that the cotton
market yesterday closed quietly, and prices of all
descriptions were without change. The sales were
estimated at 5,000 bales. _

The Railway Share market closed at a slight
advance, and a moderate business was transacted.
The colonial produce markets'are generally very
firm, and most of the leading staples are in good
demand at full rates. In consequence of the advices
received from China, recording the progress of hos-
tilities, there have been rather extensive operations
in tea, at 11/d. to ls. per pound for common congou.
Holders are firm, and evince little disposition to
sell even at the enhanced quotations. Sugar and
coffee command previous rates. With r3gard
to tallow, Messrs. Smith and Charles, in their cir-
cular published last even'lng, state the demand last
week was good, and prices have advanced. The
stock is now held in few hands, and the prospects
of the foreign supplies for the next few
months are not equal to an average consutnp-
ton, whilst so very moderate is the home sup-
ply that it seems certain that the trade will require
more than an average quantity of foreign. The
price of the latter must therefore advance until
substitutes for tallow are brought into more exten-
klive use. To-day the market opened firmly, and
-higher prices had to be paid before any sales were
made. Since Change we have continued firm, and
close with an upward tendency. Spot, 60s ; Feb-
ruary and March, 603. Buyers, March and April,
58s. to 58s. 6d. ; April to June, 555. 6d. to 565. ;
October and December, 535. 3d. to 535. 6d. Tallow
61) 378. ; elaine, 565. ; town tallow, 593. net cash.
It has been stated that the next steamer for India
and China will take out about 300,0001., but there
is reason to believe that the shipment will be much
larger than that amount, although the hostilities
in the Celestial Empire will aaturally cruse a di-
minution. in. the exports compared with those
hitherto tirade.
The ha:if-yearly meeting of the London and
Greenwich Railway Company was held this day—
Josiah Wilson, Esq., in the chair. The accounts
Were laid before the shareholders, and showed a net
balance, available for a dividend, of 11,1601. 125.,
from which the directors recommended a dividend
at the rate of ss. 2d. per share for the half-year.
The dividend was agreed to, and a vote of thanks
was passed to the Chairman and Directors of the
company, when the proceedings terminated.
There is an exceedingly active demand for money
to-day, and full rates are current. Business in the
_English Stock Market is very dull, and the quota-
tions have ruled heavy. Soon after the opening a
decline of about d occurred, but there has
since been more firmness. Consols for money have
been 931 1, and 934 For the account they have
been 931 and 934 to 94. The New 3 per Cents.
are marked 93.1 to 94 ; the Reduced 931 ; and
East India Bonds par. Exchequer Bills rule steady
at par to 4s. premium, and the Bonds are 981 to 99.
In the Foreign Market there have been rather
more numerous transactions. Turkish 6 per Cents.
have been heavy at 94i to 95, but they are now
941 to. 95i. The 4 per Cents. are 103 to 1031. In
RusFiian Bonds there have been numerous bargains.
The 5 per Cents. have been 107, and the 4i per
Cents. 95i to 96t. Sardinian Bonds are 89 to
139/, Chilian 6 per cents. 105, Brazilian 4i per
Cents. 891, and Dutch 4 per Cents., 98.
The following are the nominal prices of Foreigh
Stocks :—Grenada Deferred Bonds, 6 7 ; Mexi-
can, 214 ; Peruvian, 771 81 ; ditto 3 per Cents.,
55 6 ; Portuguese 3 per Cents., t 3 5 ; Russian
5 per Cents., 106 8 ; ditto 41 per Cents., 95 7 ;
Spanish 3 per Cents., 40i ; ditto Deferred,
231 4 ; ditto Certificates, 51 6 ; ditto Passive,
5i 61.

In the Railway Share Markets a moderate busi-
mess has been done, but the values of most of
the chief lines have undergone a reduction of
fully to per cent., and, in some instances,
rather more. Great Western, North Eastern
York declined ss. ; Lancashire and Yorkshire,
Midland, North British, North Eastern Berwick,
and South Eastern, 10s. ; Caledonian, 15s. ; and
East Lancashire, V. 10s. The French lines have
ruled firm, but Canadian and East Indian receded
about 10s.

Within the last hour there has been a slight
recovery in all descriptions of stock. In Joint-
Stoell Bank Shares the transactions are extremely
limited, with little or no alteration to report in
values. Miscellaneous Shares have also been in-
active. Crystal Palace improved 1. Canada
Land, and Canada Government 6 per Cents., are
dull at previous rates.

BRITISH FUNDS THIS DAY AT ONK
(From the Official List.)
fenslussb done
'3 per Cent. Reduced Annuities 93
3 r.er Cent. Console Annuities 93 # a
New 3 per Cent. Annuities 94 3i--
Loin Annuities, expire sth Jan. 1860...
Ditto 30 Years, expire 10th Oct., 1859 2 11-16
indiu Bonds, £l000
Consols or Account.
Escheqnor Bills, 2td.
£lOOO
£500
Ditto Bonds, 1858, 34 per Cent. par 4 p
Ditto, 1859
PRICES OF FOREIGN FUNDS AT ONE O'CLOC
Brazilian Eonds, 5 per Cent.
Ditto New, 1852, ‘q• per Cent.
Chiiiau Bonds, 6 per Cent lO5
Russian Bonds, 1822, 1.; St., 5 per Cent lO7
Ditto, 4i per Cent.
Ekrdinian Bonds, 5 per Cent. . ......... 891 9
Turkish Bonds, 6 per cent 948 5
Ditto Guaranteed, 4 per Cent.
'cent; t!se slum, plrote it n.
Mitch Exchange, 2 per 12 Guilders
Ditto 1 per Cent. Certificates 9B
TWO O'CLOCK,
q3i
934 94

Cnnsols, m0ney.....,
Ditto Account .

SIR ROBERT PEEL AND THE FOREIGN PRESS.—The 20
French papers are much amused with Sir Robert Peel's 10
speech, and give copious extracts from it, together .2o
with translations from the comments of the London 10
journals. The A ssemblee of Saturday devotes an
article of four columns to the matter, but it is only 0
remarkable for the floaindering attempts made to 20
translate the Yankee expression, " soft sawder" The 5
reclacteurs of the Assemblee, who probably •put their 4,(,:
heads together and consulted all their dictionaries,i
the result of their learned researches in the following g'vge
note :—" 'lt is all soft sawder,' an expression more Lii‘
American than English, and one which it is itnion tni.tobrlee
to translate literally. 'Soft sawder' means a Ps7Wyer --
who handles his saw lazily and does but little 11(
work. A soft sawder' is what, in the language It
of working people, is called un lambin, un grand 21
lache, une poulle mouillee." Having by this lexica. 21
graphical proceed obtained a choice of epithets, the As-
semblee selects lambin as the most appropriate, and p.c. 11
cordingly in the text of the article it is represented 'I
that Sir Robert Peel, instead of saying that the Grand
Duke's frankness and cordiality was all "soft saw-
der," calied him a "great drone " (lambin). The 2
indcpendance Beige of Saturday says :—" Sir Robert
Peel, who apparently desires to surpass the most corn- a
plate specimens of eccentricity that England has yet 2
furnished, has just made a speech at Birmingham
which 2
will produce legitimate indignation in Russia, stupe-
faction in Europe, and, to say the least of it, astonish-
ment in England, notwithstanding such ephemeral_
success as may be inferred from the frantic ;aughter af
tbe audience before whom it was delivered. This
speech, or rather lecture, is a grotesque narrative of
his journey to Russia last year, to be present at the
coronation of the Emperor Alexander, by the son of the
statesman of whom great Britain is so justly proud. He
turns everybody into ridicule— Admiral Napier, the
Grand Duke Constantine, the Russian functionaries, the
na'tng., and the entire corps diplomatique then assembled
but "se"' Sir Roberi; Peel made his audience laugh, 100
bit weeauddo not perceive what advantage he expects from iga
uct either for his country, himself, or the 100
government of which he is a member." 20
THE LINENDRAFERS' INSTITIITION.—The twenty-fifth 20
annual ball in aid of the funds of this institution was
held la,A •
night at Willis 'n
the gratification t
Rooms, and the stewards bad
o find 20
that their call upon the several roo
trades were responded
rine of thii best iseenl to by the most numerous, and io
per,
expressed thei ages of the season. Nearly 500 100
this useful society. xrrba.t wishes for the prosperity of 100
in attendance ; and Mr .31-datns, with his full band, was -20
arhant officiated as master of f 0
the ceremonies until an early hour of the morning.l
BATHS FROM
Mr S k
CIIa.LIeNrG: 20
.—Laq evening an inquest 25
the body of a child,
waDs held before
aged
faotuthe London Hospital, on 20
absence of an elder sister,
drank
ears, who, during the 110
from the spout of a tea kettle, whirl:" boiling water 6
quell caused its death a 25
short time after. Two other in were held before 25
the same coroner, on the bodies of selisildren, aged three
and five years, who were killed from the effects of 5O
scalding water. In each case the jury returned a verdict 100
of "Accidental death."
100