The Sun.
London, England, 1857-07-23 00:00:00

ITALY•

A letter from Naples says :—" There is no dOubt
that the Neapolitan Government will give up the
Cagliari. The captain alleges that he took a quan-
tity of muskets on board for Turin, and 48 passen-
gers for the same destination. The bills of lading
and the passports of the
passengers were perfectly
regular. When on the open sea, the passengers
made him and his crew prisoners, and took posses-
sion of the muskets. With these they were enabled
to arm the prisoners of Pouza. At Padula, the
judge was in their favour, and that circumstance
probably induced them to make Padula their centre
of operations. This judge died fighting on their
side."

" Our correspondent at Vienna," says the .21 ord,
" corroborates the report that important reforms
in the Austrian administration are in contempla-
tion. A commission has been formed which meets
at the Ministry of the Interior to prepare the bases
of a project of reorganisation."
The Empress Dowager of Russia, accompanied
by the Grand Duke Michael and his fiancee, the
POLAND. Princess Cecilia of Baden, arrived on the 18th at
A letter from St. Peterpburg of the Bth, in Voss's the railway station of Wildpark, where they were
Chaette, says that the Polish nobility of Witebsk welcomed by the members of the Russian legation.

AMERIO A.

SIJUTHAMPTON, WEDNESDAY
NIGHT.

The European and American Company's steam-
ship jason,.Captsin Britton, with 168 passengers,
and dates from New York to the Bth inst., and the
Vanderbilt steamer North Star, Captain Lefevre,
with advice] from New York to the 11th, arrived
off Cowes this evening.
The Jason proceeded on to Bremen, calling at
the Victoria Docks in the Thames to land her pas
sengers, 185,000 dollars in specie, and cargo, of
which sk, has 1,000 tons. On the 21st instant she
exchanged signals with the Dutoh ship Dogger
Bank, in long. 10 deg., lat. 49 deg. 30 min. She
had fine weather throughout the voyage.
The North St.r has 165 passengers. She pro-
ceeded on to Bremen.

There is scarcely any news since the last arrival.

From Washington we learn that Mr. Mandeville,
formerly of New York, hay been appoiute I Sur-
vey( r-Getieral of California, in place of Colonel
Heys, who has been appointed the Surveyor-Gene-
ral of Utah.

Mr. H. E. B. Stowe, son of Professor Stowe,
was drowned iu the Connecticut river on the 10th.
He was a student at the Dartmouth College.
Judge Leavitt, on the 10th instant, discharged the
United States' Deputy Marshal and his assistant,
from the custody of the sheriff of Clarke County,
Ohio.

The Marshal's offence was connected with the
arrs,t of an alleged fugitive slave.
The New York street commissioners' case is in a
more complica ed state than ever. Two more vic-
tims, of the riot of July 4 wire recorded on the 11th
Thomas Sparks, appointed a policeman on
the 3d, and John Myers ; the former was clubbed,
and the la-ter shot.

The British officers who took home the Panchita
as a slaver from the Coast of Afr:ca were arrested
on the 10th at the suit of Mr. J. P. Weeks, and
held to bail iu 15,000 dollars. The owners of the
bark were confid?nt they can prove a wrongful 5.:4-
zu t e.

The rumoured ma,Psacre of Colon-1 Sumner's
command received no credence at the War Depart-
ment at Washington. _ _

Tne New York stock market on the 10th was
unse tied, and prices vatiabl4. Tennessee Sixes
declined 2 ; and Caifornia Sevens, 2 ' • New Yoik
Central Sevens roe 1 ; Delaware and lluflson rose
; Pennsylvania Coal, ; Erie declined ; Reack
ing advanced 2 per cent.; Michigan and Southern
Old, 1 per cent.; and Cleveland and Toledo, 1 ;
Milwankie and lississippi dtclined 5 ; and La
Croix, 1.

Money was easy, and grew more abundant daily.
The cotton market was exceedingly firm and
business reitricted in cbnsequencs. Middling Up-
lands were quoted 14i.c.; Mobile, 14ic ; and New
Orleans, 15c.

Flour had again slightly declined. Corn-meal
dull.

The mark-et for pork was 10c. better iu mess, but
prices of ether descriptions were without material
alt .ration. Demand dull.

The sugar market was scarcely as Erm, though
there was no abatement in prices.

Freights flat, with no -immediate prospect of
aba'ement.

TRH EX-ROYAL FAMILY OF FRANCIE.—FETE CHAM-
PETRE AT ORLEANS HOUSE.—The Duke and Duchess
d'Autnale give a fete champetre yesterday afternoon, at
Orleans House, Twickenham, on which occasion there
was a rdunion of the members of the ea• Royal family of
France.

The second ordinary general meeting of the share-
holders of the Bank of London is called for the 6th of
August.
" Letters have been received from Sir James Brooke
(says the Bury and Norwich, Post) by his Norfolk friends,
in which he states that tranquillity had been restored to
Labuan. and speaks of its reviving prospects."
The King m Naples, emulous of the French Govern•
ment, has been doing a little bit of trade in the slave
Hoe at Alexandria. Acrording to the Presse d' Orient,
the ifeapolii an consul there lately purchased 40 negroes
to sent into &trope, for a p;ous purpose, as he said.
NORTH STAFFORDSHIRE RAILWAT.—The twenty-third
report of the directors states that the directors recom-
mend a dividend at the rate of 4/. per cent. per annum,
leaving a balance to carry forward of 3,243/ 63.
JUMPING ON A TRAIN IN MOTION.—On Monday, at
the Wakefield Petty Sessions, Mr. Christopher Elliot, a
farmer near Barnsley, was charged with having jumped
on to one of the Lancashire and Yorkshire trains, which
was I,aving for Baresley. lio was fined it. 10L
Cr,ditors of the Timber Preserving Company are
a' i e 1 to prove their claims before Viec-Coancel'or
Wo,,d, who proposes on the 6% of August to apt. oint an
official manager. _ _ _

A.o *tints from Vienna state that a line of packets
from Trit,ste to American ports is about to be established
by the Austrian LIo)d. _ _

A PArii:ituttet,lry piper, published yesterday rnornng
informs us tilt a further sum of 400,000/ will have to be
voted this year towards the rcitubur,ement• to the Elst
India C anpany of a moiety of the expenses of the war
with Persia.

From a Parliamentary paper, printed yesterday morn-
ing, it appear, that the arnoust of prize money realised
hv the seizure of Russian ships duriug the war was
72,0001., of which upwards of 41,0001. was distributed
in the finai,cial year 1856-57, leaving 30,330/ balance
on the 14 of April Jai t.

TIIE ATTEMPTED ASSASSINATION IN THE QUEEN'S
PRISON —At the Southwark police-?,ourt, yesterday,
7abes Gower and Anthoni Salvi, the two parsons who
stand charged with the above crime, were again brought
up on remand, before Mr. Combo, the sitting magistrate,
f re-examination. They were again remanded.
NAVz-..11 PRIZE-MONEY.—The receipt of naval prizes,
bounty, salvage, and other moneys, during the year
ended the 31st of March last amounted to 88,951/ , and
the payments to 48 2701., leaving a balance of 40,6811.
The amount distributed or paid away in the year
1856-57 on account of captures made under the "Prize
Act (Russia)" amounted to 72,0551., and the balance on
the Ist of April last was 80,330.
BEssEmEn's PATENT. —Time Scientific American states
that Mr. Bessemer's American patent for those im-
provements in the manufacture of iron and steel which
attract d so much attention on their announcement a
year ago, has been set aside by the Patent-office„ it
having been held as proved that the p ttentee was ad-
ticipated in the invention by Mr. W. Kelly, of the
Suraune Iron Works, Kentucky.
RAILWAYS. —lt is stated that amicable arrangements
have been resumed between the Eastern Giuntils and
Black wall Railways, by which the public and proprietors
will be benefited. A new railway called the Devon
Valley Railway is proposed for the county of E.irrose.
Arrangements ars being made for the construction of the
long pri jetted railway sx-ension from Hunge•rford west-
watd. The first turf of the Vale of Clwyd Railway is
to be turned on the 7th of Auguit. The foundation
stone of the docks at Silloth Bay is to be laid on the
4 h of August; the jetty of 1,000 feet is already com-
pleted.
THE AMERICAN MAILS.—LIVERPOOL, 22.—The
United States Midi Steamship Company's steamer Erics-
son left the Mersey, for New York, this afternoon, at
one o'clock, with tl:e usual mails, a full cargo, and 14

passeegers.
SOUTHAMPTON, Wednesrlay.—The European and
American Company's stmmship Argo, Captain Benson,
sai'e I hence this afternoon for New )(ark, with 360 pas-
sengers and 400 tons of freight. The screw steamer
Teutonia, Capt. Gas le, arrived last night from Hamburg,
and leaves on F6iity with ship-letter mails, passeng rs,
and cargo for Lisbon and the Bruins. The Js.son, belong.
ing to the European and American Company, Captain
Britton, arrived off C wes this evening from New York,
which she left on the Bth inst.,. and her aiviels have
consequently been anticipated -by the Perna. She has
a very large cargo, nrincipa ly composed of sagar for
London and about 200 passengers.
SALE OF MDLLII. RACHEL'S FURNITURE, &c.—The
admirers of Mdile. Rachel will shortly have an oppor-
tunity of testifying their enthusiasm, and of renewing,
in another place and in a different manner, those ova-
tions of which they have always been so prodigal. The
great actress is, we are informed, about to dispose of
her costly furniture, which will be sold by auction on
the 27tb, 28th, 29th, and 30th July, under the direction
of M. Haynanx du Tilly. The multitude of articles
which crowd her apartments will become souvenirs—
relies whose possession will doubtless be warmly die- ,
puted; while tha works of art, whose value has been I
enhanced by their sojourn in the Hotel de la Rue
Trudon, will he, worthily appreciated by amateurs.
SALE OF AN ISLAND.—Yesterday, at the auction
matt, Me ars. Dowers of eyed for sale Branksea Island,
the property of Colonel Waugh, whose name has for
some time been before the public in connexion with the
London and Eastern Banking Company. The property
comprises the entire island of Branksea, situated in the
harbour of Poele, Dorsetshire, and containing about
750 acres of freehold land, with the castle, dwelling-
houses, farm buildings, and a church. It abounds in
clay fit for pottery, china, and bricks, in sand grit and
other minerals, and manufacturing premises. The bid-
dings reached 118,0001., but the property was bought
in at 119,0001.

THE FIRST VOYAGE OF THE SIANIKON.—Tbe Shannon,
51, screw frigate, Captain Peel, made her passage to the
Cape in 52 days under sail, having experienced fine
weather all the way. She made 302 miles the last 24
hours ;
force of wind 8, and north ; and sailed 15 knots
without pressing her, wind abeam. Two fatal accidents
occurred on board during the passage—Mr. Coaker,
master' assistant, fell from aloft, struck fee fore chains,
and fell dead into the water ; and the ether, George
Brown, a boy of the first-class, who fell from aloft in-
board, and was killed. But for the admirable facility
afforded by Clifford's plan of lo leering beats, with which
the frigate was fitted, the body of the unfcrtunate young
officer could not have been recovered, nor the life of
another boy, who fell overboard, have been saved. On
both occasions the vessel was going at from 11 to 12
knots under all sail, not withstanding which the boat Was
manned and lowered in little more than a minute. The
boats were 30 feet cutter., the largest hung from man.
of-war's davits, and carrying from 17 to 20 men each,
and weighing. with gear complete, from two to three
tons.

BELFAST CHAMBEB OF COMMERCE.

The half-yearly meeting of the members of the
Chamber of Commerce was held on Wednesday--
Rot.ert Grimshaw, Esq., in the chair.

THE CURRENCY.
Mr. SEED remarked that the currency question
was one of such imp:attar:co that he would again
press its consideration upon the notice of the Cham-
ber, and would take leave to move the following re-
solution, addressed as a memorial to the House of
Commons :—" That this Chamber, believing that
the f equent fluctuations in the sta, e of the money
market arise from an imperfect monetary system,
respectfully request your Honourable House will
appoint a commi tee for the purpose of considering
the question in its entirety.'
Mr. BRISTOW stated that this motion was un-
called for, as a committee on (the que-tion was;
alrcagly sitting in the House, of Commons.
Mr. SEED reminded Mr. Bristow that the coin-
mit.ee he alluded to was confined to the investiga-
ion of the "Bank Charter," which was only one
branch of the great monetary question to which he
was calling their attention. He went on to say--'
Every increase of 1 per cent, in discounts is a
loss to the trade profits of the nation of 6,000,0001.
per annum, as the average circulation of bills of
exchange is reckoned at 600,000,000/. sterling.
This amount, discounted at 6 per
cent., is
and at 4 per cent., 24,000,000
leaving a difference in favour of trade

of no less then 12,000,000
The Bank Charter curtails the circulation, and
causes the Bank to advance its rate of discount
when the supply of gold dimin shes, and expands
it when gold increases, thus acting in an inverse
ratio to the requiremeets of commerce. It deprives
the Bank of England note of legal tender in Ire-
land, and the Bank of Ireland note of legal tender
in Great Britain ; thus crippling the circulating
medium to an important exteet. It restrictsthe
issue of notes in England below 51., thus offering 0,
premium to the people to hoard up gold to an
enormous extent, to the great le.sening of the
supply in the coffers ef the p :rent bank. The Bank
Charter thus obliges an itumen-e amount of gold to
lie idle and unproductive, to the great detriment
of every branch of industry. The Bank Charter
prohibits the establishment of additional banks of
issue, under any circumAan, es, even if 40si in the
pound in hard specie were deposited iu lieu of
every paper note issued. The restrictive circula-
tion now existing was framed to suit the trade of
1844, when the value of the imports and exports
of the country alone was 80 per cent. less than it
is now—thus assuming that a circulation Of
38,000,0001. to 40,000,0001. sterling will suit a
trade valued by imports and exports alone et
250,000,000/. sterling, as well as it did one of
only 140,000,0001. The following amendments
were suggested by Mr. Seed as primarily neces-
sary, in order to bring this charter more
into unison with "Free Trade" principles:
—" let. That all restrictions upon the quantity
and value of Vl° notes issued be re.cindedf,
leaving them to be regulated by the natural law of
supply and demand, the convertibility of the notes
being retait.ecl as at present,, founded upon a ba3is
of one-half or three-fourths of the amount being
lodged with Government, either in specie or other,
approved negotiable security. 2d. That the Bank
of England and Bank of Ireland notes be made
legal tender throughout the United Kingdom. 3J;
That the possibili-y of a deficiency of the legaltender arising be provided for by the Government.
Mr. JOSIAS CUNNINGHAM remarked that it would,
be much better to allow matters to remain as they
are, than to give unrestricted permission to t' o,
issue of notes, as Mr. Seed proposed, as it wawa
lead to a great increase of " kiting," and greatly
increase the risks of commerce.

Mr. SEED stated that Mr. Cunningham had quite
mistaken his proposition. He (Mr. Seed) was
quite as much against kiting as Mr. Cunningham
wag, but he was quite prepared to leave that to t'te
bankers themselves, as their own interests would
prevent them from discounting ill.gitimate paper',
and the system he proposed bound the banker's
themselves to deposit a security with the Goya 11"
ment for every note they issued, so that there
could bs no danger of undue acoommodAtion,
Mr. Cunningham apprehended.
Mr. WORKMAN st,ted thit he hoped the citleP
Con raised by Mr. Seed would not be allo7ftd
drop, as it was one of the most irnpertant that nowt'
te brought before them, involving s s it did the
great commercial interests of the kingdom. 01
would suggest that a committee be appointed to
exam;no into, and report up'..m the matter to the
Council of the Ch ‘mber.
After s true emversition, it was finally arranged
privately, that Messrs. James K.-mtiody, John
Workman, Vim. E watt, jun. ; James Bartlett, all°
John St ed, shoulj form themselves into a comrol-
tee, aid report to the Chamber at a future we"
ing on the subject. The meeting then separated'