The Sun.
London, England, 1850-04-25 00:00:00

DAY EVENING, APRIL. '25, 1850

but nos sense succeeds better than sense with not a few
people in this world, and therefore it is not always wise
to lea,,re a statement unanswered because it is nonsense.
It is t ecause Ireland is not a province in reality that we
cont.a ad she ought to be no longer a province in ortts ;
no I onger provincially treated, provincially governed.
Thrs system tends to atunp that charac!er upon her,
corttrary to truth and fact. It places her in the snorna-
low equivocal, and not very respectable situation of a
portion, and a most important portion, of our home
do minions, saddled and encumbered with a sort of non-
dtscript, halt-d,stnestic, half-colonial government, and
tr icked out with the cheap finery and tawdry trappings
f a provincial court, as if it was the great Atlantic that
'flowed between her and England, not that slender thread
of salt water across which the islands g2z3 on each other
on clear days."

THE FRENCH REPUBLIC

We have received the Paris journals of yesterday.
The votes of the army for the approaching election
for Paris have been taken, and so far as they are known,
they tend to prove that the army is thoroughly and
completely democratic.
The National states the following as the result
of the ballot of the 24th and 27th Regiments of the
Line, in garrison at Orleans, for a representative cf
the department of the Seine :
Eugene Sue ... ... 65
Leclerc ... ... 10
Blank tickets 3
In making this announcement the National says:
"The 24th regiment fought in the streets of Paris is
June 1848. The civil war had many victims from
its ranks, yet it rejects the candidature of M. LE-
CLERC. Why ? Because it wishes no more civil war
—because it will not have as its representative a man
who is patronised by the coalesced Monarchial factions
—that is to say, who is hostile to the Republic."
It is said that M. EUGENE SUE is disqualified for a
seat in the National Assembly in consequence of his
being under the interdiction of a corzseil judiciaire,
obtained against him in 1827 in the Cour Royal, and
which has not been legally reversed, although it has
continued inoperative since 1829. Other accounts
state that it was quashed in 1829. A deputation has
set out for Sologne to ascertain personally from
M. BUGENB SUE the real state of affairs in regard to
this matter. Should it turn out that he is dis-
qualified, M. Duro:sr DE L'EurtH will probably be
the Democratic candidate. It is a somewhat remark-
able fact, that although'll. LECLERC has written to
the journals denying that he had ever been bankrupt,
as has been pretended, he does not venture to affirm the
truth of the romantic story on the faith of which he was
started as a candidate, neither has he made any pro-
fession of political faith.
The absurd attempt of those two wiseacres, MM.
BAROCUE and CARLIEE, to prevent the sale of the
Evenenzent, has added immensely to the popularity
of that journal. The proprietors advertised on Mon-
day the shops where it could be procured, and on
Tuesday those shops were visited, the numbers seized,
and the sale prohibited. These measures, however,
only tended to give a more immediate and rapid cir-
culation fur the opinions of the .Evenement, for when-
ever it could be procured it was read aloud to the
bystanders, who, having heard it read, made
way far another congregation. The police
were present, but with a wisdom and prudence
which it would be well that MM. BAROCHE reed
CARLIER should imitate, they abstained from inter-
fering. The conduct of M. BaeocirE in this case is
worse than a fault—it is a b!under, and a blunder of
the grossest character.
According to the newly proposed arrangement re
gerding the Paris and Avignon Railway, the Minister
of Public Works has proposed to the Theiget Com-
mittee to give the Paris and Lyons Company the
works already executed for 50 millions of francs,
which sum shall be given to the Lyons and Avig-
non Company by way of subvention—the leases to be
for 99 years, without guarantee of interest.
Two days ago some men were discovered in the
act of setting fire to trees in the wood of Vincennes,
The illoniteur announces that General PELLET re-
tires from the direction of the topographical depart-
ment of the War-office, in consequence of the an-
nouncement of the decree against plurality of
appointments.
The same piper announces that the Government
has presented to the consideration of the Council of
State, a Bill on an improved mode of recruiting the
army.

The National states that M. BEDIER PRAIRIE, a
French merchant residing at Pondicherry, who had
engaged a certain number of Coolies to go to Rennin,
had had the vessel on board which the Coolies were
shipped seized by the English collector of customs at
Cocanada, and had been himself detained as a priso-
ner five days. The pretence was that the Coolies
were English subjects, which is denied by M. BEDIER
PRAIRIE, who, with ail the French citizens and
authorities at Cocanada, protested against the conduct
of the English collector. Redress will be demanded
of the English Government.

The English journals having announced that ex-
tensive excursion parties were hying orglnizA, for
the purpose of visiting Paris during the Whitiuntide
holidays, the Constitutionnel thinks it useful to call

the attention of English travellers to the change
which has been lately made with regard to them, in
the old passport system. A pass is now given,
for the cost of five shillings, by any of the
consular agents, and which pass is valid fur
a month, and does not require the visa
of any of the authorities in France, but merely its
production. The Constitutionnel states that, not-
withstanding the instructions sent to the Channel

ports for the due observance of the new regulations,
they are not fully carried out, the commissionnaires
(touters) of the different hotels, persuading tra-
yellers that the visa is still necessary to their passes,
in order that they may extort money from
them for procuring that formality. Travellers
are cautioned not to submit to this imposi-
tion, and to refuse, on any account, to allow the pass
to go out of their own possession ; all they have to do is
to show it when demanded. Should the traveller wish
to prolong his stay in France, after the month has
expired, he has only to exchange his pass for a regular
passport. The Minister of the Interior has it in cor.-

. .
templation to send down a police agent to Boulogne
with a special mission, to send any of these commis-
sionnaires to prison who are found carrying on this
system of extortion.

PARIS BOURSE, APRIL 24.—Latest pricer.—Five
per Cents., 89f. 15c. ; Three per Cents. 55f. 50c. ;
Bank of France, 2,195 f.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE
LONDON STOCK-EXCHANGE, APRIL 24.
Boulogne and Amiens, 61/s Central of France (Orleans
and Vierzon), 12%—East Indian, 2
51/ —Great Indian Pe-
ninsula, 11lg —Namur and Liege, 6ti.

the 11)ating debt. 3. The small bank-notes of 1,2, 5
florins to be withdrawn from circulation, and no notes
lower than 10 florins to be henceforth issued. 4. Re-
form of the monetary system according to the German
standard, and the issue of new gold pieces of 5, 10,
20 florins. 5. The issue of the reserved shares of the
Bank, but at 800 florins, instead of the original price
of 600 florins, with the privilege to the primitive
shareholders to purchase the new shares. Ail these
resolutions were taken by the Commission after due
deliberation, and nearly all by the, unanimity of votes.
There is, consequently, reason to believe that not-
withstanding all his prudence, our Minister of Finance
will yield to the wishes of the Commission, which
express public opinion.

Accounts of the 233 inst. from Amsterdam state that
there was not much doing in Public Securities, which
were lowrr. The Dutch Two-and-a-Half per Cents.
realised 55 5-16ths. Spanish Bondi were better. At
Frankfort, on the 22.1, Austrian Bonds were 79 and
Spanish Three per Cents, 291. ,
The English Funds have been quiet again, and with
comparatively little fl.ictnatioc. Consols 95i to 96k for
Money and Time. The New Three-and-a-Quart,r per
Cents. have been quotA 971 to -a, and the Three per
Cents. 94y t 95k. Bank Stock is firm at 206 to 207,
and India Stock at 267. Exchequer-bills have realised
68s to 70i. prem.

Some excitement, and no small disgust, bag been oc-
caEioned among the holders of Spanish Bonds by the
outline received from Madrid of the proposed ar-
ranganent of tke debt. The plan of the Finance
Minister, it is conceived in many quarters, must
be rstber intended as a "feeler," for it is

an outrage to common sense to assume that
such a proposition would find favour with cre-
ditors who have patiently waited for many
years. The compromise offered sweeps off the whole
arrears of interest, some fifty per cent, we believe, and
amounts to a cancelment of about half the claim of the
bondholders, besi.es a general reduction of interest
from five to three per cant. upon the residue. A Gc-
vernmeat which degrades its character to the extent of
offering such ti:rms, is quite competent to break it, and
we now see still more clearly who were in the right at
the late meeting, those who advocated a firm or those
who were in favour of a lukewarm policy, trusting to the
"honour" of the Spanish Government!
Business in the Foreign Market has been exceedingly
dull, and Spanish have sustained a decided fall, the Five
per Cent,: having dropped to 17i and the Three per
Cents. to 37. ' Mt xican Bonds have been 29, and Grenada
16 to 4. Dutch Four per Cents. have been 851.
The interesting a really important matter of the
Madrid and Valencia. Railway, came on again yester-
day in the Court of Chancery, and a al .a eholder has
transmitted the following information:
" Sir,—As your piper his invariably sought to put
the public on their guard, I am induced to request the
insertion of the following statements of the accounts of
the Madrid and Valene:a Railway Company, as thereby
the shareholders will find that at least ttn,y will get
back the 40e.. per share 1 aid four and a half years age.
The Directors in February, 1847, stated by their
printed account that

They held in Exchequer Bills and at
bankers
Received from Bank of England 30,712 17 10

75,976 13 1
allowing 9761. 13g. ld to remain in
Bankers' hauds.
Interest on 75,000/. at 4 per cant. 3 years 9,000 0 0
6,000,000 Spanish Three per
Cent. Stock said to be in
the Bank of San Fer-
nandc, at Madrid, ct the
present price of 291 R. 1,770,000
34 years' interest at 3 per
cent. 630,000
R. 2,400,000 exchange at 50 .

X 109,976 13 1
53,000 shares at 40s. would be only 106,000 0 0

Leaving a balance of £3,976 13
To which must be added
The charges repudiated at the meeting
of shareholders in February, 1847,
made in the account then tendered ..
Interest on 15,4281., interest from the
various dates on which it was received
D.tnrences on the price paid Mr. Har-
vey, Mr. Moss, and othe's, fur shares,
and on those bought up by the secre-
tary, ?lr. Spackman, and others, and
the above price of 4135.
From which should he deducted
`• Office rent," which should have bet n
givell up long since, the company hav-
ing upwards of two 3 tars ago been
dissolved in Madrid, and the deposits
to the Spanish shareholders in full ..,
" Secretary," if he ought to be paid from
the funds of the company, for traf-
ficking in shares, and copying papers
fur the directors, to avoid a settle-
ment with the shareholders, which
they have made with some
"Law Expense," must be paid by the
directors themselves, as every suit has
been against them (not against the
Company) for withholding justice from
the shareholders.

Your obedient Serv,nt,

11. LIND°.
P.S. This account is only made up to Fehrua, y last.
The Railway Share Market is still exceedingly quiet,
and prices are much the same, or perhaps barely so
good in the case of the North-Western and Great
Western. With su little doing, the tone is difficult
to elicit.

ONE CLOSING
PRICES OF BP.ITISII FUNDS O'CLOCK. PRICES.
3axt.l dtuck
3er Cent. Reduced Anf s ........... 95 94% 95% 95
3 per Cont. Con3ols A mad tied— ..... 95% 96 lig 961 s
--1-,w 314 por C 3 it. Anna.
E, rlt: Anna. to expire Jan.lB6o -16 81i 814
MD.tto, 30 years, Oct. 10, 1859
Ditto 30 years, Jan. 5, 1860. 8 ri —l6 8 7-16
I 'die Stock 267 267
In his Bonds, 1,0001 94 93 p 98 p
South Sea Stock
Ditto Old Annuities
:ons..ls for Account.... .............
xemquer Bills. Ncl. & 2d
1,0001. June ..... ..... ....
5901. June
Small. June 7O p

70 p.
68 p
68 p

ONE
PRICES OF FOREIGN FUNDS. O'CLOCK.
Chilian Boads 6 per Cent .....• —
Danish 1i0nd5,1825,3 per Cent.
Ditto 5 Der Cent. ... —
Ditto, Scrip .. ............ ........
Equador Bonds -,.44
Grenada Bonds, 1% per Cent. l6 161% 1614
Greek Bonds —
Ditto ex Over-due Coupons ...., 634
m,,xican. 5 per Cent. 1846, with Co ipons—
Ditto, Ex Jan. Coupons ..., —
Ditto, Account 29
Peruvian Bonds, 4 per Cent
Ditto, Account
Ditto Deferred snus-dan5nus-dan Bondi ........ ......
Ditto, 4'4 per Coat
Ditto Scrip 2%% p 2'/s p
Spanlsh 5 per Cent. 1840 1770/v % 17
Ditto, Account
Ditto, Passive
Ditto. 3 per Cent
Ditto, Account
Venezuela Bonds, 2,,ii per Cent
Beligan, 4% per Cent. ...... .• —
I.,nvidends on the ab'jve payable in London.
Dutch 2% per Cent., 12 Guild. ..,

CLOSING
PRICES.
97%

71
30%

3614
34%
89%

Ditto,V per Cont. Certamtes.:. 853 85%
itICES OF BUSINESS DONE CLOSIN •
RAILWAY 'WARES. PAI AT ONE O'CLOSIK. PRICES,
Aber teal,
Do. Preference
tlinning, Wolverh'ton,

and F ulley, calls duly
' pd, or with guarantee 15
Bristol and Exeter 100 ... ..
Catalonian ...
Ditto, New led. Pref... 10
..aatern Counties........ 20 ......
Diettoon,EJ No.lte .6
nsion, spelr
138.4 d....
3/I p
14:astern Onion Class A
(lats E. U. Shares) 25
East Lincolnshire, guar.
6 per Cent.
F.dinourgh and Glasgow 50 ...... 261/
Great Northern
Do., 4B 6 per Cent— 914. ..... 4 . ...
Do., 5 per Ceut. Prof. 12 tA... .. 10 x.i lO x.i.
i•;•.at North of England.loo ......216
Gcsat Western 100
flail and Selby .. ...... 50
Lancashire& Yorkshire 100 ...... 3314 '4
Leeds and Bradford
I. radon, Brighton, .a.4:1
South G0ut..... , 10)
T.o ‘,i(in and N Weitern 100 1024 MIA.--
L) mlon '. ~W4.-sta:rn 10 ... L 8 i.. ..... .......
Midi Vi.

3/4 P

78 !‘
1011/.2
58

1.):,., 50/. Sham ....• 30 2N3:% 3 ..... .. 2
D.,. Consolid. tritto: &
II irai mg., 6 per et. ~.1.00 - .. . st•a• ••• .• 119
tiqrth iiritiikt . ...%. ... 25
Ditto Preference
N;rth Staffordshire ... 17% 7 7/8.

MONEY and COMMERCIAL NEWS.
CITY, QUARTER 7 0 THREE.
The vales of Cotton at Liverpool yesterday were esti.
mated at 13,000 bale:, of which 5,000 were taken or
speculation. Brazil, Egyptian, and Surat were in de
[nand. The market was steady, and prices were fro
supperted.—Railway Shares were firm at rather higher
quotat one.
The sales of wheat in the markets which regul,t3 the
averages were last week 78,261 quarters. The six
week. average price is 38a.
It is stated, upon the subject of the dried fruit trade in
London, by Messrs. Witherby and Hanson, that "
pleasing to be able to announce some little improve.
went in the extent of our clearances for home consump-
tion, though they still fLII far short of those of 1849.
From 19th ult, to 18th instant they have reached 750
tons against 1,020 tone, and 650 tons during the like
period of 1849 and 1848 inclusively. From January
1•t to 18th instant they have been 1,735 tons,
against 2 950 tons in the like period of
1849. At Liverpool, on the contrary, not only have the
clearances of the last few weeks exceeded those of the
corresponding weeks of 1849, but from Ist January to
16th inst. they have been 1,580 tone, against 1,400 tons
from Ist January to IGth April; 1849, thus establishing,
in face of a falling off in the metropolitan clearances of
40 per cent., a❑ increase of about 10 per cent. in the
manufacturing districts during the same period. Not-
withstanding the late heavy arrivals, the stock of Cur-
rants is considerably less than a 3-ear ago, and
since our I.st the market has maintained its firm
character, and even higher prices have been
paid for fine Currants, a parcel of fine Vas-
t'zzi having been sold at 445., and a cargo of
fine Zantes at 424., with all faults. Shipments have
been made to the Continent, and more will speedily fol-
low ; meanwhile the home demand is gradually im-
proving, and as the stocks in dealers' hands are much
reduced, we may look fur an extensive trade shortly.
Though the present prices do not remunerate im-
porters, yet, by the latest advices from the islands, pur-
chaser ha I again been made at high rates, and very
little remained unsold. The increasing• consumption
in Germany and Austria enables the growers to be
more independent of this couutry.than used to be the
case."