The Sun.
London, England, 1850-06-17 00:00:00

LONDON, MONDAY EVENING, JUNE 17, 1850.

more valuable, when, in fact, he converts his
labour into permanent property, we think it
would be quite as dishonest and immoral to deprive
him of this convertible value as it would be to take
his purse or any other tangible property that is his.
We are not disposed to set up any natural right
in opposition to the laws of the land or the general
welfare of the community, but to take from a man
the fruits of his industry, without rendering an equi
valent, we can view in no other light than an act o
the greatest injustice and cruelty. It is depriving
man of the inheritance of his Maker—the enjoyment
of the fruits of his toil. It is a fraud on man and
treason against GOD.

The Government cannot want information on this
subject. The report of the "Devon Commission"
could supply them with all they require. The
principle is tacitly recognized and acted on
in the north of Ireland, all that is required
is to define the " Ulster tenant-right," and make it
the law of the land. When this is done British ca-
pital will find its way to Ireland, the Encumbered
Estates Bill will work well, Irish property will not
he sacrificed, nor Irish creditors ruined—the Irish
proprietor will have a chance of something like fair
value for his property, which is being nuw sacrificed
in consequence of the unsettled state of the relations
between landlord and tenant, and the consequent agra-
rian outrages so frequently and fatally committed.
What English capitalist will venture into a country
where life and property are insecure? The true way
to secure the life of the landlord is by insuring the
rights of the tenant Let the landlord have his reason-
able rent, but insure to the tenant the benefits of his
improvements and his industry. Free trade has
lowered the price of the necessaries of life. The
landlord can well afford to lower his rent to the exi-
gencies of the times. The tenant cannot afford to
pay now the same rent as ;when corn brought a
higher price ; indeed it is well known that land in
Ireland is generally let far above its fair valuation,
and until a substantial reduction shall take place,
adequate to the present crisis, no permanent tran-
quillity or prosperity ca❑ be expected.in that country.
Tne labourer is entitled to a secure and permanent
interest in the soil he cultivates and improves; the
purchase-money he invests in the soil is his labour.
Labour, the fundamental wealth of all nations, has, we
conceive, its "rights" as well as any other species of
property, and those rights ought to be recognized,
and guarded by the laws of the State, and rendered
as secure and inviolable as any other rights whatso-
ever ; and until this be done, until the Irish tenant
shall be secured a beneficial and definite interest in

the works, and renders productive, he will,
o
naturally
si h e
enough,
nough,
remain discontented, while the
person and property of the landlord cannot be quite

secure.

um FRENCH REPUBLIC.

We have received the Paris journals of Saturday
and of yesterday.

The Committee on the Bill for the increase of the
PRESIDENT'S allowance has recommended the rejection
of the Bill as proposed, and the adoption of the fol-
lowing resolution :
" An extraordinary credit of sixteen hundred thousand
francs is opened at the Ministry of Finances for the
expenses whin)) have been incurred in 1849 and 1850, in
consequence of the installation of the Presid. nt of the
Republic. The expenses will be charged one-half to the
account of 1849, and one-half to 1850."

The Ministers have refused to accept this proposi-
tion, and should the Assembly confirm the resolution
of the Committee they will resign. The resolution
was agreed to by 9to 6. The Committee appointed
M. FLANDIN reporter, both M. CRETON and M. Da
MORNAY having refused to accept that office.
The Journal des Debats announces that, on hear-
ing of the settlement of the Greek affair by Mr.
W YSE, Baron BRUNNOW protested against that ar-
rangement, and that the Emperor of RUSSIA has con-
firmed that protest.
M. TRIERS returned to Paris on Friday, anal on
the same day MM. GuizoT, DE BROGLIE, Du-
CHATEL, and DuatoN, left Paris fur London and St.
Leonard's.

The following is the final state of the poll for the
department of the Lower Rhine:—
___

M. EMILE DE GIRARDIN ... ... 37.566
M. MULLER ... ... ... '29.538
M. LECHTENBERGER ... ... 13,057

The Journal des Debats declares that there is no
truth whatever in the statement that Louis PHILLIPE
is about t 9 publish a political testament acknowledg-
ing the right of HEiziti. V. This contradiction was
scarcely needed, it is utterly impossible that any of
those who were concerned either directly or indirectly
in the publication in 1830 of the protest alleged to
have been made in- Righind at the time of the birth
of the Duo DE BOURDEAUX, against his supposed
rights to the throne of France, or who were directly
or indirectly parties to the shameful expo,ure
of BLAME, can now come forward and give the lie
direct to their own former proceedings in the shameless
manner which any acknowledgment of the rights
of HENRI V. on their part would necessarily involve.
The Duchess of ORLEANS, acting, it is said, under
the advice of M. UDILON BARROT, refuses to be any
party to the proposed reconciliation with the elder
branch. Her supporters are in favour of " a Con-
servaive Republic" until the Comte DE Pears shall

become of age. ---- -
The only question relative to Greek affairs remain-
ing to be settled between England and France is as to
any demand that may be mane by Greeks for t'he
seizure of their vessels. England demands a guaran-
France.
tee against such claims, which guarantee is refused by

Letters from Macon mention that M. LAMARTINE
was stopped there, on his journey to the east, by an
attack of illness, which now confines him to his bed.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE. Juxx 15.
Northern of France, 131/2—Orleans and Bordeaux, 2%
Paris and Rouen, 22—Sambre and Meuse, 2%—Tours and
Nantes, 1%.

TURKEY.

Accounts from Constantinople of the Ist announce
the death of TAIIIR PACUA, Vizier of Bosnia. The
complaints of the people of Samos against the ad
ministration of Prince VCGORIDLIES have been inves-

tigated, and having proved well founded, the Prince
has been dismissed for having driven the people to
rebellion by his misconduct, and Prince CALLIMAKI
has been appointed to succeed him.

MONEY and COMMERCIAL NEWS.
CITY, TW 0 O'CLOCK.
_

The Cotton Market at Liverpool on Saturday was
quiet, the sales being estimated at 5,000 bales, of which
500 American were taken for export, at about previous
rates. The transactions comprised 2,400 American, 500
Brvzil, and 300 Surat.—Railway Shares were steady, at
previous quidations.
The market fur Corn is very dull to-day.
Accounts from Birmingham report still a very limited
demand tor iron in Staffordshire, and state—
" The staple trade of our district remains in a very
critical position. During the whole quarter the generality
of our works have not bad more than halt employment,
and that without profit; and while it is abundantly evi-
dt-nt that great difficulty would be encountered before a
re luced scale of wages could be established, there is no
probability that prices of iron will rule higher. The
resumption or bueiness by the nailmakers, and a slight
revival in the chain and hardware trades, have arrested
the downward movement in rods and some other pecu-
liar descriptions of from consumed in the manufacture of
those articles; but the probability of any actual im-
provement is remote."
By the steamer Europa late advices have been re-
cei% ed from the United States and Canada. At New
York public securities were still rather tending upwards,
and most of them are said to rule higher than has been
known for years. The demand for Bills of Exchange
on London had been active, and at firm rates, viz., 91 to
10 per cent. premium. The Cotton market had an
upward teidetcy atter the receipt of the advice* by the
stmaner America from Liverpool, and it is asserted that
large as is the falling off in the receipts, it would
have been much greater but for the diminution of stock
in the interior dekots, which the rapid rise in the rivers
had made it necessary to secure by sending forward to
the ports. It is further asserted, but we receive the
statement with all proper res• rvation, that the crop re-
cently planted is unquestionably the most unpromising
ever grown in the United States. Corn was a shade
lower upon the accounts from England. The general
state of trade on the other side of the Atlantic appears to
be satisfactory, and a return of the commerce of New York
for the month of May shows a total of nearly 4,000,000
dollars, about one-half being to Great Britain. A very
limited quantity of breadstuffs had been exported during
May, and even less, it was said, would be sent in the
present month. The accounts from the interior relative
to the supply of breadataffs were unfavourable, and
some parties were predicting an important rise in prices
before the lapse of many days.
The Canada accounts are to the Ist inst. The last
sale of superfine flour at Montreal was at 245. 6d. per
barrel. The number of vessels from sea arrived at
Quebec to the Ist instant was 330, of 137,647 tons,
bring an increase of 75 vessels and 35:923 tons. The
difference between the Indians and the Quebec Mining
Company had been settled, and a large force of miners
had arrived there. The weather at Montreal had been
unfavourable for business, but nevertheless considerable
activity had prevailed, particularly in flour. The rate
of exchange on London was 11 to 11i ; Government
were in the market, and tha large amount for which
they were privileged to draw would have a tendency,
perhaps, to depress notes. The ashes market was de-
pressed. Freights were rather lower. Respecting the tim-
ber market, advices from Kingston state " that the trade
in manufactured timber (or lumber, as it is usually
called in America), which has of late years sprung up
between Canada and the United States, is increasing
prodigiously. The county of Northumberland is this
spring exporting vast quantities from its ports in the
lake. The ports situated on the Bay of Quinte, and the
whole tract of country watered by the river Trent and
its attributaries, are alive to the prospect of the new
market for the produce of their saw-mills.
From the Napauee River, three millions of feet,
b. m. will be shipped at Oswego; and the mighty Ottawa
puts forth her giant stren_th in the endeavour to supply
the wants of our neighbours on the southern side of the
line 45 deg. The Rideau navigation will likewise con-
tribute about five millions feet, broad measure, most of
which will he shiped via Bytown and Burlington. One
forwarding house has, we understand, engaged to
transport two millions feet of the Rideau lumber.
The California intelligence is cheering. At San
Francisco, on the Ist May, great activity prevailed in
the markets, and the prices of merchandise were advanc-
ing. An immense number of emigrants were starting
fur the mines. Over one million of dollars had been re-
ceived at Panama on the 21st ult.

Havannah dates of May 21 represent the excitement
as being very great, and it was feared some diffi-
culties would arise with the American Go-
♦ernment concerning the treatment of prisoners.
Sugars had been in active demand, notwithstanding
the decline in England. Vessels adapted for sugar were
plentiful, and the last charters to Cowes and near ports
were at 21.• The exchange on London was 11 to 12 per
cent. premium,, many houses refusing to draw; Paris 2
to 3 per cent. discount.
Pernambuco•accounts of April 25 state that fine white
Sugar was in request. A continuance of the dry
weather would bring forward considerable quantities,
and with the scarcity of vessels might cause a decline
in prices of all except superior white, but on the other
hand, it was generally supposed that the present crop
would prove much smaller than the former. The rebel-
lion in the•interior was suppressed. •
The Continental advices are not interesting in refe-
rence to mercantile affairs. At Amsterdam on the 15th
instant Dutch Stock was a little weaker.
Ttiere is a heavier market for Public Securities, more

than one circumstance having conduced thereto. The
btatetnent .truth St. Peter.burgh that the Huainan Go
lernecent highly approves of an uncompromising policy
on the part of Denmark, and the idea that the French
bilniitry is unstable, togeti.er with some digappoint-
went felt at the non-settlement of the Greek
affair, and the note of Count Nesselrode upon
the Tuscan claims, are all made • available

by the Bears. Consols have been 96 and 954.
the New Three-and-u-Qqarter per Cents. have been
quoted 98k to -k, and the Three per Cents. 96i 1; and
Excheque..-bills are 70s. premium.
In the Foreign Market the transactions have been
principally in Mexican Bonds, which have declined con-
siderably, owing to the intelligence that Congress had
adjourned, and that the Finance Minister had resigned,
or, according to other statements, that the Senate had
rejected the Bill arranging the foreign debt. There
seems to be much uncertainty in the matter, but
that it will be delayed is now well understood.
The Bonds opened at 311, and have since been as low
as 301 and 30. Buenos Aires Stock has realised 54 to
55, and Brazilian 89. Venezuela Bonds are 32k. Spanish
1 hree per Cents. are 3811. The Cuba news is reported
to have had a very injurious effect on prices at Madrid.
Portuguese Four per Cents. have been 34*. Dutch
Two-and-a-Half per Cents. have been 57* to.
In Shares there has been very little doing, and prices
are much the same.

QUARTER TO THREE.
... shut.
... 95i sellers

Consols ... ...
Ditto Account

ONE
PRICES OF BRITISH FUNDS O'CLOCK.
3 e .Lt,duuen 961,8141
N,w 314 per Cent. 981i,1414
Anna. to expire, J an. 11'461'1 ...... F, 3-16

CLOSING
PRICES.
9614
98
814

Ditto, 30 years, Oct. 10.1859 7 15-16 7 15-16
Consols for Account 9.5% 96 95% 95%

xchequer Bills. 1 L;27). & 20
1.,000/. June 7O p
500/. June
Small. June

70 p
70 p
70 p

LLOYD'S SHIPPING.—(THIS DAY.)
LONDON, JUNE 17. Win d at noon N., light breeze
and tine, though cloudy at times.
QUEENsTOWN. JUNE 15.—A quarter cask of brandy,
Era, ke d close to the bearing " W. J. L.," and " No. 23,
0." in.derneisth, and on the head, " Marshall," and "
L. 23," underneath, which had been on the water op-
prtntl) about three weeks, w a picked up 11,h inst. 40
miles Kett of Lundy by the Daring, from Cardiff for this
port and Lisbon, which vessel saw several pieces of
wreck the day before.
FALMOUTH, JUNE 16.—Wind variable and light.--
Arrd. Agenuria, De Gruchy, Monte Video and Pernam-
buco, and sailed for London; Georgians, Thompson,
Sicubanti, and sailedifor Liverpool. Off port, Rookery,
Turner, Launceston, V,,n Dit men's Land; Johanne,
Clanper, Porto Cabello, for Hamburgh; Anna Cicelia,
Fisher, Butte°, for Antwerp.
PENZANCE, JUNE 15.—Wind N.—Sld. Oregon, New
York.
DUBLIN, JUNE 15.—Wind N.W.—Arrd. Elizabeth
Taylor, Bunter, Antigua.
WATERFORD, JUNE 15.—Wind W.N.W. to N.N.W.
—Skylark, Quebec; Hirpocampet ditto.
DEAL, JUNE 15 AND 16.—Wind N. to E., moderate.--
Arrd. Severn, Duncan, Ceylon; Empress,
Pipon, Algoa
Bay; John Brooks, Cull, Dominica; Mayflower, Long'
muir, Callao. Arrived from the River, and sailed for,
with the rest of the outward bound, Ameer, Calcutta;
Constantine, Calcutta; Francis Kay, Calcutta; Ellen-
borough, Madras, &c.; John Wickliffe, Bombay; Caro-
line Agnes, Adelaide, South Australia; Minden, Cal-
cutta ; Wellesley, Madras and Calcutta; Sarah Charlotte,
Valparaiso; Gilbert. Munro, St. Lucia.
OFF DOVER, JUNE 16.—Wind Garay',
Ilti.vannab. tor Bremen.
PORTSMOUTH. JUNE 16.—S. to S.E.—Off port, Ellen-.
borough, Lambert, Calcutta; Constantine, Calcutta.
CowEs, JUNE 16.—Wind S.E.—Arrd. Sophith
chal, St. John's, New Brunswick.
TORBAY, JUNE 15.—Wind N.—Sld. Potentate, Leen;
ceston, Van Dieman's Land; Jamaica, Antigua; Au.
mirat, New York.
PLYMOUTH, JUNE 16.—Wind S.—Sid. Stebonheath
Adelaide. South Australia; Princess Helena, ditto.
OFF MOUNT'S BAY.—Neord, Quaade, St. Croix, for
Copenhagen.
PILL, JUNE 15.—Wind.., S.S.E.—SId. Elizsbethi
Callao; Neptune, Barbadoes.
SCILLY, JUNE 14.—Wind W.S.W., a Arra.
Olinda, Newcastle, for Ceylon, leaky.
LIVERPOOL, JUNE 16.—Wind S.—Arrd. Seriwt Pam
tagonia; Victoria, Williamson, Barbadoes; Washington,Washington,
Page, New York; Mandarin, Philips,Shangae; GeorgleN
Williamson, Calcutta; Eliza Johnstone, Donaldseet
Pernambuco; Mahaica, Reed, Demerara; Arthur, Akett,
New Orleans; W. D. Sewall, Small, New York;* Awe'
rica, Bukwith, Parsbro, N.S.; Europa steamer, New
York. Sid. Palatine, Bombay; Emily, Morocco; Ra 7
gostham, Hong-Kong; Eleanor, Dixon, Calcutta; Cali-
tornia, Bombay; Eleanor, San Francisco; Barbara,
Lima; Alciope, Istappa ; Esther Ann, Pernambuco;
Roscoe, Rio Grande; Martha, Smallcross, Rio Janeiro;
Bellona, Demerara; Lieut. Patterson, St. Domingo. The
sloop Bangor packet, of. Bangor, was passed yesterday,
diamasted, with masts and sails alongside, steering for
Belfast, in tow of a schooner,:the Mull of Galloway, 2"
by W. distant eight miles.
QUEENSTOWN, JUNE 15.—The Bromleys, arrived here
from Monte Video, was in contact, 6th instant. let. 43'
long. 24 W., with a brig, supposed to be the Minerva,
from the Clyde to Newtoundiand, and carried sway jib'
boom, foreyard, &c.; the latter damaged quarter, main'
topsail, &c.
HARTLEPOOL, JUNE 15.—The Hammond, London to
Shields, drove on the beach last night during a strong
breeze from the eastward, and has become a total wreck;
crew saved.
CLYDE.—SId. Lady Cornwall, Demerara; Cumberland,
Madras; Tay, Valparaiso; Wandsworth, Quebec.