The Sun.
London, England, 1850-05-04 00:00:00

Z 0 J A

Anais, Madame Castellan ;Sinaide,ifadlle. Vera; Nicotri, Mdme.
d'Okoh3ki-; Merismane, Signor Tamburini ; Zora, Mon. Zelger (his
2d appearance at the Royal Italian Opera) ; Dahlia, Signor Lavia ;
Osiris, Signor Tagliafico ; The Oracle. Signor Polonial ; Aufhie,
Signor South ; and Amenod, Signor Tamberlik.
The Divertisement in the third act will be supported by Monsieur
Alexandre and Madlie. Louise Taglioni.
Composer, Director of the Music, and Conductor, Mr. Costa.

The Doors will be opened at Half-past Seven, and the performances
commence at Eight o'clock precisely.
Tickets for the Boxes, Stalls, or the Pit, may be had (for the night
or season), at the Box-office of the Theatre, which is open from Ten
till Five.

FRENCH PLAYS.—ST. JAMES'S THEATRE.
First appearance of M. Lafont, and continuation of M. Reviler and

31adile. Nathalie.
On MONDAY EVENING,
The. Performances will commence at Half-past Seven o'clock pre-

cisely, with
MEROVEE ; ou, Brunde et Blonde.
After which (with curtailment.) the Popular Comedy by Alexandre

Dumas, of
DEMOISELLES DE ST. CRY.
Roger, M. Lafont ; Hercule Dnbouloy, M. Regnier ;
Ch rlotte de Mc rian, Madlle. ie.
box-orrice of the 'Theatre is open daily from Eleven till
Five
Isoxcs and Stalls at Mr. Mltchell's Royal Library, 33, Old Bond-
atr eet.

THEATRE ROYAL, DRITRY-LANE.
Last night of the present season.
THIS EVENING,
Will be presented. by her Majesty's Servants,
THE BEGGAR'S OPERA. Captain Macheath, Mr. Rafter ;
Polly Peachum, Miss E. Nelson.
After which FAMILY JARS.
To conclude with THE DEVIL'S RING • or, Fire, Water, Earth,
and Air. In Three Acts and Foal* Elements.

THEATRE ROYAL, HAYMARKET.
Mr. B. Webster, Sole Lessee and Manager, Old Bromptoll.
Tills EVENINt,
Will be performed a new drama, called
THE VICAR OF WAKEFIELD.
Dr. Primrose, Mr. Webster ; Squire Thornhill, Mr. H. Vanden-
hoff ; Mr. Burchill, Mr. Stuart ; Moses, Mr. Buckstone ; Mrs. Prim-
rose, Mrs. Keeley ; Olivia, Miss Reynolds ; Lady Blarney, Miss
Horton ; Miss Skeg,gs, Mrs. Fitzwilliam.
To conclude with the Last Edition of IVANHOE, with all the
newest improvements.
Cedric the Saxon, Mr. J. Bland ; Slr Briant de Bore Guilbert, Mr.
Selby; Sir Wilfrid of Ivanhoe, Mrs. Keeley; Wamba, Mr. Buck-
ssene ; Isaac of York, Mr. Kee,ey; Robin Hood, Mrs. Fitzwilliam ;
Rebecca, Miss P. Horton.
The tibm-office is under the direction of Mr. I. T. Archer.

THEATRE ROYAL, ADELPHI.
Under the direction of Madame Celeste.
THIS EVENING,
Will be performed the celebrated Comeay of PAUL PRY. Harry
Stanley, Mr. Boyce; Witherton, Mr. Cullenford ; Colonel Hardy, Mr.
Lambert ; Paul Pry, Mr. Wright ; Eliza, Miss H. Coveney ; Marian,
Miss E. Hard ng ; Fhcebe, Miss Weolgar.
Tt, t,e followed by a grand historical Spectacle Vaudeville, entitled
PLAYING FIRSIs FIDDLE ; or, Follow my Leader Principal
Characters by Messrs. P. Bedford, Lambert, Madame Celeste, Miss
Woolgar, and Miss K. Fitzwilliam.
XO conclude with MY PRECIOUS BETSY. Characters by Messrs.
Wr'.g'it, Bedford, Worrell; Miss Harding, and Mrs. F. Matthews.

ROYAL LYCEUM THEATRE
THIS EVENING

Will be performed a Lyrical, Comical Pastoral, entitled
CYMON and IPHIGENIA, altered from the text of David Garrick.
Characters by Messrs. C. Mathews, Harley, F. Matthews, R. Roxby,
F. Cooke; 11ths St. George, Miss Kenworthy, Miss 11. Gilbert,
Mrs. Hamby, Miss Oliver, Miss Manners, and Miss Martindale.
To be followed by THE ISLAND OF JEWELS. Characters by
Messrs. Z. Matthews and F. Cooke; Madame Yestris, Miss Julia St. ;
George, Miss Dickinson, Miss Kenworthy, Mrs. Macnamara, Miss
Martindale, and Miss E. Honner.
to conclude with A PRACTICAL MAN.
All applications for Private Holes must be made to Mr. Allcroft
15, New Bond-street.
The Box-office, adjoining the Theatre, in Wellington-street, is
open daily from Ten to Six o'clock, under the superintendence of
bir. T. F. Bennett

PRINCESS'S THEATRE.
This Evening there will be no performance.
On MONDAY
__

his profession, from practising until he paid a further
sum amounting to 121. per annum, if resident in
London, or 8/. in the country. It bas in-
deed compelled many persons to relin-
quish practice altogether, and is the more
indefensible, as recent legislation, and the establish-
ment of the county courts, has tended to the mate-
rial diminution of the emoluments of attorneys and

solicitors.
At present gentlemen are compelled to pay a stamp
duty of 1201. on signing their original articles.
There is then a further charge, on admission, of 25/. ;
and then the annual duty of 121. or 8/., as the case
may be ; and if, after these enormous demands are
satisfied, they are so fortunate as to realise incomes
amounting to, or exceeding 150/., the collector of the
property and income-tax makes his claim, which is in
the same proportion as if the party received his profits
without trouble or exertion from dividends in the
public funds, or well-circumstanced ground rents.
It appears to be forgotten that the hard-working pro-
fessional man, who has probably expended the greater
portion of his patrimony in qualifying himself for
practice, must set aside a considerable portion of his
gains in order to provide for a rainy day, when disease
may prevent him from continuing his exertions, or old
age may compel him to relinquish practice ; and, if a
married man, he must also keep up a policy of
insurance for the benefit of his family. These
various drawbacks will probably reduce his net
income to one-half its original amount. But let us
see how much we must contribute to Government out
of that reduced sum.

A case was heard in the Bail Court, before Mr.
Justice COLERIDGE, on Thursday, and reported in The
Sun of the same evening, to which we would earnesth
entreat the public attention. It was an ex parte ap-
plication for a criminal information against a magis-
trate cf the county of Devon for gross partiality in
the discharge of the duties of his important office, and
for most improper conduct during the hearing of an
information under the game-laws. According to the
statements contained in the affidavits on which the case
was brought forward, it appeared that on the 2d of
January a complaint had been preferred against a person
named GEORGE SMERDON, charging him with having,
on the 24th October preceding, at a place called
Lower Heald, in said county, used a dog and gun in
pursuit of game, without having previously obtained
a licence fur so doing, an offence which,- under the
Stamp Act, subjected him, if substantiated, to a
penalty not exceeding 201. A single witness, a
huntsman, appeared in support of the information,
who swore that, at the time stated, he had seen the
defendant and three other persons drawing a field of
turnips with dogs, beating for game, at the place in
question, which adjoined a farm called Hersey-hill,
the property of a gentleman who was the brother-in-
law of the presiding justice. The witness was unable to
state the description cf the dog, whether a greyhound
or otherwise, save that it was a black dog," but, on
cross-examination, he admitted " that he saw no shot
fired, or any game started." This evidence was suffi-
ciently vague, and would apparently require but very
slight rebutting testimony on the part of the de-
fendant. He was, however, prepared with no less
than three witnesses to show that the charge was totally
devoid of foundation, that he was, in fact, at the time
returning from the Hersey-hill farm, where he had
been to kill hares by permission of the tenant
granted under the recent Act, and that be was merely
crossing the turnip-field in order to reach another
farm, whither be was going, pursuant to previous ap-
pointment, for the purpose of killing the rats by
which it was infested. He was also prepared to show
that he had neither dog or gun with him at the time,
that he had not, in fact, the most remote intention of
seeking for game. The worthy justice, however, re-
fused to hear his witnesses. He declared that he did
not believe that his brother-in-law's tenant had any
right to grant the defendant permission to
kill hares on the Hersey-bill farm, and
therefore—mark the sequence—" he was perfectly
certain that SMERDON was in pursuit of game at
Lower Heald, and should fine him 201., the highest
penalty that could be inflicted." Quod iolumus
facile credimus—the magistrate was easily satisfied
as to the guilt of the party, who had the audacity to
destroy hares, and he would
nothtscrutinize too cu-
riously the evidence by which
sus-
tained. Nay more ; he thought he charge was
ethceowulidtneassbersidfgore
the trial, and dispense with even the
impartiality, re. by f"
to hearus,ng appearance of
the defence.
Mr.) SMEP.DON was not, however, disposed to
submit to such treatment without resistance. He
was of a different class from those who can be in-
carcerated for years at the mere will and pleasure of
some rural despot, in consequence of their inability
to give security for keeping the peace. He would
not bow down before the authority of the Devonshire
but was resolved that the tables should
be turned,
ed,and that the magistrate should be called
pto answer before a competent tribunal for his
veryuon
extraordinary conduct. Repeated application
light,ing, but
however,they
were peremptorily were accordingly made for the production in court of
the depositions.
or
rnotes of hearing,
refused. Anew
appeared to have broken in on the worthy justice, and
entertained some doubts as to
he appeared to have .
whether his proceedings were fully justified. lie ac-
cordingly,
sent Mr. SMERDOI'S attorney at
Exeter, "that
wordthere
wasno necessity for his granting
"pies of the depositions, as the informer had declined I
to proceed This withdrawal, or
further in the case."
evasion he, no d h ht doubt t oug would stop all further
investigation
bur. Sgaytpos was not, however, so

Will to presented the entirel;neW Opera (composed' expressly for this
Theatre, by Signor F. Schira), entitled
THE OPHAN OF GENEVA.
Count de Merville, Mr. Allen ; Carwin, Mr. Weiss ; Fontaine,
Mr,. 11. Corri ; Picard, Mr. Latter; Levine, Mr. Wynn ; Therese,
Miss Louisa Fyne.
To be followed by the Grand Masked Ball from Gustavus.
After which a New Grand Tale of Enchantment, with .splendid
Seenery, Costumes, and Appointments ; extensive Machinery, &c.,
entitled
TILE QUEEN OF THE ROSES ; or, The Sorcerer of Candahar.
Principal characters by Messrs. Ryder, Forman, Honey, Craven ;
Miss Louisa Howard, Miss Saunders, and Miss Villars.

ASTLEY'S ROYAL AMPHITHEATRE.
Proprietor and Manager, Mr. W. Batty.
Triumphant success of the new grand Easter Spectacle of Enchant-
ment. —Reappearance of that extraordinary and talented Artiste,
Madlle. Gardoni, on the Tight Rope.
THIS EVENING
The Entertainments will commence at Seven o'cleck, with
Fitzball's magnificent Spectacle, entitled
THE FOUR SONS OF AYMON ; or The Days of Charlemagne.
Produced with great splendour, and introducing the whole of the
vast resources of this Establishment, including the beautiful Stud,
together with the Camels, Zebras, &c., &c.
To be succeeded by the talented Male and Female Artists of the
Estaidi.hinent.
To conclude with the interesting Melodrama of
MEG MURDOCK: ; or, the Fatal Glen.
Box-office open From Eleven till Four.
Stage Manager, Mr. W. West.

WATER AT LONDON BRIDGE.
THIS PAY --Morning 43 min. after 6 I Evenin: 15 min. after 7
To-Moanow—Nlornirg 47 min. after 7 I Evening 28 min. after 8

THE WEATHER.—SUN OFFICE, MAT 4.
THERMOMETER.
55—highest since noon yesterday.
40—lowest this morning and during the night.
56—this day, at noon.

BAROMETER, 29.96.
Wnzp 'S.W.—light breeze and cloudy, with occasional

Let us, exempli gratia, assume that a solicitor resid-
ing in the metropolis realises a net profit of 2001.
per annum by his exertions. He has paid in the first
instance, 1451., which may be fairly calculated as
being worth 141. 10s. per annum during the period
he may continue to practice. There is then
the annual certificate, 121., and income, 51. 16s. Bd.
total, 321. 6s. Bd., which the attorney con-
tributed as his proportion of the national expendi-
ture, or 151. 3s. 4d. per cent. on his income, while the
fundholder, with 6,6661. 13s. 4d. in Three per Cent.
Consols, only pays Si. 16e. Bd., or 21. 18s. 4d. per
cent., being less than one-fifth of the amount which
the professional man must pay.
Sir CHARLES WOOD is, however, deaf to all such
arguments. "He would not enter into the merits or
demerits of the tax ;" he could not deny its palpable
unfairness ; but he defended himself by saying that
others were also unjust, ' and instanced the
case of " horse-dealers,' which might very
well be so demonstrated. That however may
be, and we admit it is, a sufficient reason for
abolishing the duty on horse-dealers' licences ; but it
does not justify the continuance of the tax on attor-
neys' certificates. He could not deny that "it had
driven many gentlemen from the exercise of their pro-
fession," but he thought that objection sufficiently
answered by stating " that it had not deterred others
from taking their places." His only argument, in fact,
was, that the " whole amount realised by the duty in
the United Kingdom was 117,0001. per annum, a
sum which he was certainly not prepared to give up."
This, then, is the morality, the integrity, of our excel•
lent Minister of Finance ! ! He wants the money, and
as he has got it, he'll keep it, without reference to the
propriety of his conduct. The same argument may
be used by any of those ill-used gentlemen who oc-
casionally figure in the dock at the Old Bailey for
being oblivious of the distinctions between meum and
Num. Their necessities induce them to plunder and
swindle others of amounts which " they are certainly
not prepared to give up ;" the only distinction is, that
the private gentleman is sentenced to banishment
from his native land, while the public character, the
Ministerial JONATHAN WILD, is cheered to the
echo by his toadies in St. Stephen's, re-
ceives a handsome salary from the nation,
and is made the medium through which certain in-
dividuals confess their former sins and make re-
tribution under the denomination of " conscience

money."

His arguments are not, however, invariably suc-
cessful. On Thursday he was left in. a minority of
19 (on the question) out of 291 representatives. He
has also been again obliged to postpone the Stamp
Duties Bill—the labour of fifteen years—sine die.
These palpable and disgraceful failures should at
least convince his colleagues of what the Right
Honourable Gentleman is reluctant to admit—the im-
perative necessity of a speedy revision of the entire
fiscal code, with the view of substituting a sys-
tem more just and equitable, as well as more politic
and expedient, than that now in existence.

showers.

TO CORRESPONDENTS.
" A Constant Reader," of the Spitfire, must give his
name, as we cannot insert certain communications
unless they be authenticated.

easily satisfied. It seemed to him that the
" great unpaid" required a lesson which they
should receive, and that the worthy magistrate
had fallen into a " trap," from which he should not
very easily escape. He consequently applied for
liberty to file a criminal information, and a condi
tional order was at once granted by the presiding
judge.

The matter will therefore, we trust, receive the
full investigation it so loudly demands. We shall not
follow the example of the " worshipful" defendant,
by condemning him before he has had an opportu-
nity of being heard in his own defence. We have,
therefore, omitted his name from our report of the
proceedings, and we trust that he may be enabled to
explain or justify the very extraordinary conduct
imputed to him. As yet we have only
" one-sided" statements; but these have been sworn
to. If unwarranted by the facts, the parties making
them can be punished according to law; and, as suffi-
cient prima facie grounds have been laid for a
searching inquiry into all the circumstances of the
case, it is essential that a matter of such importance
should not be cushioned or hushed up, more espe-
cially at a time when it is proposed to extend very
materially the magisterial powers in cases of summary
convictions, and to deprive many of the less wealthy
classes of the Englishman's privilege of " trial by
jury." Whatever may be the issue of the present
proceedings, we trust that the Home Secretary will
not lose sight of them. It is now essential that
the charge should either be fully substantiated
or completely rebutted. If the former, the de-
fendant should be removed from the important position
of which he is unworthy; if the latter, his vindication
should receive the same publicity as the very serious
accusation that has been preferred against him.

The French reactionaries of 1850, whether they
call themselves "honest and moderate," or Legiti-
matists, or Orleanists, or Bonapartists, occupy, since
the election of the 28th April, precisely the same po-
sition which in May, 1848, was occupied by BARBES
and his companions who invaded the. Assembly,which,
in June, 1848, was occupied by the insurgents who
fought behind the Barricades. They are rebelling
against universal suffrage. This has always been
brought forward against BARBES and his companions
as the very head and front of their offending. It was
insisted on by M. BAROCHE as the crime of all others
the most odious, inasmuch as by universal suffrage,
and by universal suffrage alone, can the expression
of the national will be ascertained, and any opposi-
tion to that will so ascertained is treason. Yet we
now find this very M. BAROCHE himself in rebellion
against the principle of universal suffrage, because
universal suffrage has chosen M. EUGENE SUE as
Member for Paris. Is universal suffrage then not the
expression of the national will ? If it be not, what
becomes of the boast of the elected of 6,000,000 by
universal suffrage ? What becomes of the claim of
the present Assembly to be considered as the organ
of the national will, to dispute whose behests are
treason ? If it be the expression of the national
will, then are M. Baroche, the Minister of the In-
terior and his colleagues of the Committee—M.
Benoist d'Azy, M. Berryer, M. Beugnot, M. de
Broglie, M. Buffet, M. de Chasseloup-Laubat, M.
Daru, M. Leon Faucher, M. Jules de Lasteyrie, M.
MoI6, M. de Montalembert, M. de Montebello, M.
Piscatory, M. de Seze, General de Saint Priest, M.
Thiers, and M. Vatimesnil, who have undertaken
to frame a law for the modification of universal
suffrage guilty of the very same crime for which
BARBES stands condemned ; if it be not, then has
BARBES been condemned unjustly, for he certainly
had the same right to attempt to modify universal
,uffrage according to his peculiar ideas that has M.
Baii.ooHE. We shall be curious to see the result of
the labours of this Committee, composed as it is ex-
clusively of Legitimatists and Orleanists, and we
venture to assert that any modification of universal
suffrage which they may attempt to introduce will
eventually turn to their own disadvantage, and
'o the benefit and consolidation of the Republic.
The object of these persons is to juggle with the
iuffrage so as to disfranchise those whom they desig-
nate as the canaille of large towns, and for this pur-
pose they will propose, it is said, to confine the
franchise to persons who pay direct taxes. This will
reduce the constituency of Paris to 80,000, but it
will cot add one tittle to the chances of success of a
reactionary candidate, and, from our own knowledge
of Paris and its inhabitants, we feel convinced that
had the recent election taken place with such
a constituency the relative majority of
EUGENE SUE over his opponent would have been
greater than it was under the present system. Any
mere modification, therefore, cf universal suffrage
would be perfectly useless for reactionary purposes,
so far as the towns are concerned. But how will it
act in the country ? It will disfranchise all those
ignorant peasants upon whose votes the priest
can count as securely as he can upon his
own, and by whom, and by whom alone the
partisans of the parti•pretre are returned ; and,
by throwing the exercise of the franchise ex-
clusively into the hands of the educated and the
propertied among the rural population, will
annihilate the parti-prelre as a political
party, and will thus secure the return of an
Assembly of an infinitely more democratical charac-
ter than even the Constituent Assembly itself. We
look forward, therefore, with calmness to the result
of the labours of this Commission, because we are
convinced that it cannot propose any modification of
universal suffrage which will not be most damaging
co the cause of monarchical and clerical reaction.

THE FRENCH RE-PUBLIC.

We have received the Paris journals of yesterday.
In the National Assembly on Thursday, the vote
for the expenses of the Roman army of occupation
was proposed, and M. E. ARAGO took advantage of
the occasion to protest against the attack upon Rome,
And the destruction of the Roman Republic, neither
of which had been sanctioned by the Constituent
Assembly. M. FAVAND, who had formed part of the
expedition, as a chef de bataillon, produced a great
effect by declaring from his own personal observations
that the great majority of the population of Rome
was hostile to the expedition, and hostile to the re-
storation of the POPE. After a defence of the expe-
dition by General OUDINOT, the proposed grant was
vated by 462 to 198.
It is said that the Committee on the Electoral
Law intend to propose the destruction of universal
suffrage, and to restrict the right of voting to those
who pay direct taxes. This would reduce the con-
stituency of Paris to about 80,000. It is considered
doubtful whether the reactionary chiefs will be able
to carry this measure. The Bill will be presented in
a few days, and urgency demanded.
The Minister of Marine has just appointed a com-
mittee of eleven persons, with Admiral CECILLR as
president, to consider in what manner the fraudulent
introduction of salt herrings from Scotland and
England can be best prevented. The law of May 6,
1841, was intended to prevent purchases of herrings
from foreign countries ; as far as those of Holland
are concerned, a duty of 40f. the 100 kilogrammes
has been levied, but it would appear that the in-
troduction of this fish from Scotland and England is
not sufficiently provided against, and it is for that
purposeAß PARIS
that
BR
o theus
E,MAY 3. —Latest r
present committeeates ha sr
Prices—Five
ee
iyep named.
ie: r
Three per Cents., 53f. Sc.; Bank
oCfenvtrsa.,nBcBe,f. 2 3,10
oc
0.;
f

BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, MAY 3.

Lord PONSONBY is about to leave Vienna.
Ragusa, in Dalmatia, has been nearly destroyed
by an earthquake.
It is confidently asserted that a Congress of the
League is to assemble in Berlin on the 7th inst. A
protest is on the point of being entered against the
plan of Austria to dub the Congress which that Power
is about to hold at Frankfort with the name of a
" federal assembly," since, in so doing, Austria makes
an arbitrary assumption of her former right of Head
of the Germanic Confederation.

Increase ... ...
Public Deposits ... ... ...

Increase ...
Other Deposits

Decrease .
Seven Day and other Bills ...
Increase •••
Government Securities
Other Securities
Increase

Notes ... ...
Increase ...
Bullion ...
Increase ..
Active Circulation
Decrease ...

Boulogne and Amiens, 61/g—Eaq Indian, 54::-Luxem-
bourg, 2—Namur and Liege, 6',,4—.Northern of France, 1214.

SPA IN.
Madrid journals of the 27th ult. have arrived.
Their contents are unimportant.
MADRID BOLSA, APRIL 27.—The Three per Cents.
were 301.

LONDON, SATURDAY EVENING, MAY 4, 1850.

MONEY and COMMERCIAL NEWS.

CITY, QUARTER 7 0 THREE.
The sales of Cotton at Liverpool, yesterday, were es-
timated at from 10,000 to 12,000 bales, one-third of
which were taken on speculation. The market was not
so active, but prices were without alteration.—Railway
Shares were again lower.

The alterati-Ons shown in the weekly return of the
Bank of England liabilities and assets, to the 27th ult.,
are not of particular moment, but there is an increase in
the former, and a slight redaction in the latter. The
public deposits and the bullion have turned upwards
again, and the securities and circulation have slightly
fallen off, money being easier within the last fortnight.
Compared with the previous week, the results are as
follows:
Notes issued
Increase
Rest ...

... 29,937,875
... 64,875
... 3,082,232
1,986
4,693,443
66,125
... 10,907,429
38,913
1,187,973
29 338
no alteration.
9,781,347
2,137
. 9,641,600
, 104.040
▪ 16,646,835
17.234
...▪ 20,296,275
• 39,165

A slight decline occurred in the rates at which burs
were done yesterday afternoon upon some of the princi-
pal continental cities, date 90 days. Paris, 25 721 to
771; Antwerp, 25 75 to 80; Amsterdam, 12 3 to 34;
Hamburgh, 13 12:11 to 13 ; Fraukfort, 121- j-; and
Trieste, 12 8 to 12 12.
As a matter of impartiality we give the following
communication relative to Mexican stock, but we leave
those interested to judge whether the writer dues not
draw the most unfavourable conclusions possible.
Firstly, as to the indemnity money, we believe no one
can be fully aware whether some small portion may not
be appropriated to the dividends. Next, we know that
Messrs. Manning and Mackintosh have annouoc,cl by
letter that they are ready to pay over 100,000 dollara on
account of the tobacco dutiee. Thirdly, we have the
authority of one of the first mercantile houses here f.r
stating that the latest accounts concerning trade are
better, and that the glut of goods which has been so de-
trimental during the winter is clearing off. Lastly,
Santa Anna has lost much of his popularity.
"Liverpool, May 1, 1850.
" Sir,-Having seen a notification from Mexico which
was posted in the London Stock Exchange. from which
it would appear that the Mexican bondholders are lkd to
expect large remittances from thence, I beg to state that
lam sorry to entertain a very different opinion, and I
give you a few facts.

" The next instalment of the indemnity money from
the United States is all mortgaged, and nothing can be
expected from that.

"I have not any intelligence from Mexico inclining
me to the supposition that moneys are forthcoming on
account cf the tobacco revenue, as stated.
" The only reliable sources to which the bondholders
have to look for their dividends are the one-sixth of the
import duties set apart at the ports of Vera Cruz and
Tampico, and these have declined very seriously within
the last six months, arising from the glut of manufac-
tured goods throughout the country.
Cleared from Liverpool for Vera Cruz, from
Ist Oct., 1848, to 26th April, 1849-
15 vessels, with value as per note* £357,352
Cleared from ditto to ditto, from Ist Oct.,
1849 to 26th April, 1850-
9 vessels, with value as per note*

... ... 141,96

Less than the corresponding period ... £215,391
which will be more than doubled during the year.
" This statement is from the Custom-house entries,
and open to all for inspection.
"The exports to Tampico, though on a more limited
scale, exhibit a falling off in a corresponding ratio, while
from all foreign ports the same proportionate diminution
is manifest.

" On this subject my last advices from Mexico state—
"' It is necessary you should bear iu mind that the
imports this year will be very small, and consequently
the receipts at the Ccstom-houses must be very limited
and curtailed.'

" The finances of the country are proverbially in the
most deplorable condition, and hence the repeated
changes of the Fir,ance Minister; and we all know the
trade has been disastrous for the past year.
"It will be found the wily General Santa Anna, al-
though reported to have left in the last steamer from
Jamaica for Carthagena, has proceeded to Chagr?s, and
will promptly make his appearance on the west coast of
Mexico. He is yet destined to rule in that country.
" I look upon it as unjust for parties to mislead the
public iu the endeavour to give a fictitious value to stocks,
and I therefore ♦enture to off,sr you a few facts, which
may be placed in juxta-position with the statements al-
luded to.

" A MEXICAN MERCHANT."
One or two points in reference to the above letter also
immediately present themselves. Could it be expected
that Mexico should immediately recover itself after the
late crushing war, and is it not rather matter for con-
gratulation that it has so soon fallen into an easier posi-
tion? Further, it is undeniable that, favoured by the
"go a-head" spirit of the Yartkeris, the Mexicans are
more than ever disposed to exert themselves, and that
mining enterprise is already carried on with greater
spirit and improved result. Still let every one judge
for himself as to investment (if money, and receive in
good part or with reservation whatever statements are
offered on either side.

The Funds opened well, but aro rather flatter since.
Consols have been done at 96 for money; they are
now 958. Bank Stock is 206. Exclquer-bills are
68!. to 71s. premium.
_ _ _

Foreign Securities are dull. Spanish Five re 7 Cents.
l7e. Mexican firm at 29. Dutch Two•and-a•Half per
Cents. 55i 44.
Shares are quiet.
There have been no precious metals exported dircct
from London this week.

'll4,
‘..54
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