The Sun.
London, England, 1850-07-08 00:00:00

ITALY.

In the sitting of the Chamber of Deputies of the
Ist, the discussion on the emission of 6,000,000
francs of renter, for the payment of the indemnity
due to Austria, was commenced without any incident
worthy of notice, except that the orators of all parties,
although in some cases hostile to Ministers in the de-
tails of the measure, generally concurred in the prin-
ciple. Before the adjournment of the discussion, the
Minister of Agriculture announced that the reform of
the customs duties was under consideration, and that
a Bill for the reform of the maritime financial laws
would be presented before the end of the week.
The Concordia of Turin of the 2d states from
Rome that the Government has directed that no more
passports shall be delivered to Roman subjects for
foreign parts.
The Messaggero of Modena states that Sig. CAM.
rEta.o, late Minister of War under the Roman Re-
public, has been set at liberty at Ancona, and fur..
nished with a French passport.
The Nazionale of Florence of the 29th mentions
the names of ten booksellers who were searched by
the police the day before. Several bundles of old
Florence newspapers, and some pamphlets of Maz-
zoni and other democratic writers were seized.

NATIONAL PENNY SUBSCRIP LION FUND,
FOR THE POOR MAN'S MONUMENT TO
THE LATE SIR ROBERT PEEL, BART., M.P.

TO THE EDITOR OF THE SUS.

Committee Rooms, Belvidere Hotel,
Pentonville, London, July 8, 1850.
SlR,—The committee for the above object being
anxious to take as little as possible (if any) from the
amount to be raised by the penny subscription, make
this appeal to the whole of the newspaper press of Lon-
don ani the United Kingdom, that such proprietors of
ne*spspers as will insert their advertisements free
(except duty paid) will be pleaiel to notify the same to
the Honourary Secretary at the Committee-rooms as
above. The committee wish to preserve a file of every
newspaper giving tlem their assistance, and therefore
every proprietor doing so is requested to furnish to
the committee his paper from the time of such notifica-
tion up to the Ist of January, 1851, which papers will
be paid for. As it is presumed this acquiescence will be
with the wish and disposition to forward the great and
national object in view, the proprietors will have it in
their option to insert the advertisements at full length,
or to use their best discretion to curtail them, as may
suit their own want of space and the circumstances of
their locality; but the committee desire to impress that
a due regard be paid to give every publicity to their
proceedings, which, with respect to the confidence and
good faith they are determined to keep with the public
at large, must be the primary consideration.
Yours faithfully,
JOHN DOWNES, Hon. Sec.

I beg to add that Joseph Hume, Esq., M.P., Lord
John Russell, M.P., Sir James Duke, Bart., M.P., Sir
James Graham, Bart, M.P., Viscount Hardinge, and
the Right Honourable,Mr. Gladstone, M.P., have written
me the most handsome letters, agreeing to be the
trustees of the fund at the Bank of England, and that
we are organising machinery to extend to the whole
nation. A public meeting is fixed for six o'clock on
Friday in the large racket-ground adjoining the Bel-
videre, at which Mr. Hume will preside.

CONSECRATION OF ST. THOMAS'S CHURCH, BETH-
NAL-GREEN (THIS DAY).—II having become generally
known that the consecration of the above church, which is
the last of the ten new churches in Bethnal-green, was to
take place this morning, a large number of ladies and gentle-
men attended to witness the interesting ceremony. The
Right Reverend the Lord Bishop of London arrived shortly
before eleven o'clock, accompanied by his chaplain, and the
impressive ceremony usual upon these occasions was pro-
ceeded with, his Lordship preaching the sermon. The
whole cost of consecrating the church had been defrayed by
the munificence of an anonymous friend of the fund.
DINNER TO LORD PALMERSTON.—The Reform
Club banquet to Lord Palmerston will be held on Saturday
next. Mr. Bernal Osborne is to take the chair, and the
members of the Cabinet will be invited as guests. The num-
ber of the members of the club who desired to pay honour to
the Foreign Minister of England was so great, that it was
contemplated to give the dinner out of the club. A nume-
rotely attended meeting of members was held yesterday, at
which the matter was discussed, and it was decided that the
banquet should be held within the club, and that the num-
ber of diners should be limited to 250. This arrangement
must necessarily exclude a large number of members anxious
to express their admiration of the private character of Lord
Palmerston and their confidence in his policy; but it has
been thought advisable to consult the wishes of those gentle-
men who originated the testimonial while the result of the
division was yet uncertain. It the intention of the banquet
were to celebrate the recent victory in the Legislature the
numbers might have been extended, and means taken to
admit all who desired to Join in the triumph. The very
limits• ion enhances the compliment, and will show that the
support of Lord Palmerston's policy by the Reform Club is
not dependent on the chance of a majority in Parliament,
but that the Liberals of this country are with him at all
times Weekly Chronicle.
WAR STEAMERS FOR THE SPANISH GOVERN-
MENT.—Messrs. Maudslay, Sons, and Field have contracted
to make four pair of engines of 500-horse power each pair,
for the Spanish Government, at an estimated coat of
200,0001. for the whole. Messrs. John Penn and Son have
also contracted to make two pair of engines, of 350-horse
power each pair, and Messrs. Miller, Ravenbill, and Co.,
two pair of engines of 350-horse power each pair for the
same Government. Messrs. Wigram are building a war
steamer, and Mr. Green, at Blackwell, another of a similar
class, to be fitted with their engines in this country. The
other steamers for the 500-horse power engines are on the
stocks in Spain, and will soon be ready for their reception.
The Government of Spain are at the present time greatly
increasing the royal navy of that country.
THE WRECK OF THE ORION.—PORTPATRICK,
FAIDAY.—On Wednesday night the wind blew a heavy
gale, and yesterday about noon the Orion began to break up.
Large pieces of her deck and the woodwork of the cabins
floated away from the wreck, and both masts fell overboard.
There is now no vestige of the vessel above the water. The
body of Captain M'Neill was found on Wednesday floating
near to the wreck. It had been brought to the surface by
the ground swell. The Enelish divers who were at the
time on the hill immediately' above the wreck observed it,
when they manned a boat and picked up the body. There
was found upon the body a purse containing 23/. in gold
and 14s. in silver, a gold locket, a knife (with "A. APNe i 1
engraved upon it), and a button hook. All hopes of raising
the Orion are now at an end. and Captain Douglas has re-
turned to Glasgow to countermand all further preparations
for that pur,pose. The three Government steamers still re-
main in Portpatrick Bay, but owing to the
the sea e severity of the
When weather they have remained inactive. w
be-
comes calm the divers will resume operations; and as, from
the breaking up of the deck, there will now be easy access
to the interior of the vessel, should she remain together, it
is expected that a great amount of property will be saved.
The parties in custody, the captain
and mend mate, were
liberkted on bail on Saturday last.

MONEY and COMMERCIAL NEWS.

CITY, 7'B 0 O'CLOCK.
The sales of Cotton at Liverpool on Saturday were
estimated at 12,000 baies,ot which 3,000 American,

1,500 Egyptian, and 800 Surat were t4ken on specula-
tion. Extreme rates were obtained, and the market
closed with an upward tendency. The sales comprised
8,000 American, 200 Pernam and Maranham at 7,id to
B,ld, 100 13ahia at 7/-il to 7id, 2,000 Egyptian at 711 to
9-1-,d, 1,500 Surat at 44d to sid, and 150 Sea Island at
Is Id to is bid per lb.—Railway shares were dull, and
prices tending downwards.
The Corn Market is firmer, and owing to the
limited arrivals of English, and the report that the
storms have laid a good deal, wheat is 2s. dearer. The
foreign supplies are good.
The amount of bills drawn by the Honourable the
East India Company, from the 27th of June to the 6th
of July, 1850, was as under :
Rate of Exchange. Amount.
On Bengal ... 2s. Od. per rupee £15,938 0 0
On Madras ... 2i. 0(1. per rupee 4,043 7 0
On Bombay... 2s. Old. per rupee 822 12 4

Tatal £20,803 19 4

The Hamturgh mail of Friday last quotes the ex-
change on London 13 7i, being a better. Not much was
doing in bills.
Late accounts from St. Petersburgh notice largo sales
of grain.
The steamer from America brings advices which are
rather inters sting, as showing more clearly the proba-
bility of a considerate amount of specie coming to
England, perhaps four or five millions of dollars.
The American papers contain accounts from Buenos
Ayres, under date of April 27. The Argentine Packet
states—

" The negotiations now going on between the Argen-
tine Government and the Plenipotentiary of France, are
conducted oath all becoming reserve. Nothing, conse-
quently, has transpired to enable us to form any idea of
the progress made. Meanwhile several vessels have ar-
rived at Monte Video, with part of the troops placed at
the disposal of Admiral I.4,aedour, to secure the obedi-
ence of his refractory countrymen. Whether, on the
arrival of the whole, the Admiral will at once pro-
ceed to disarm the foreign garrison, is yet a matter of
speculation."
The Packet of the 27th says:—
" Our great diplomatic mystery has not yet been un-
veiled. Whatever quid nuncs and speculators may say
to tho contrary, notning has oozed out that can afford
any clue for the formation of a correct opinion as to the
actual state or prospects of the negotiation."
On other matters, the Packet ut the 20th gives the
following:—
" Accounts continue to be received of irruptions of the
Rio Grande banditti into the Oriental territory, and of
the chastisements uniformly inflicted upon them.
The new eresident of that province has issued a prce
clamation, which, if honestly acted upon, will, no doubt,
have the effect of precluding the necessity of the allied
forces departing from the considerate line of conduct
they have hitherto so forbearingly pursued. At all
evente, we hope nut to see General Caldwell, the new
Commander-in-Chief, re-enact the farce performed by
his predecessor, General Arruda, of arresting the Baron
de Jacuhy, and than allowing his rescue by a handful of
his partisans, in the very centre of the province. The
brigands have taken the rather whimsical appellation of
Californians.' "
A special meeting will be held at Derby on the 19th
instant, "to consider the expediency of entering into
certain arrangements with the holders of the 501. shares
in the Midland Company, for an alteration of the con
ditions, rights, and privileges attaching to such shares,
and the preferential dividends payable thereon; and of
taking such steps as may be thought fit by the said
meeting connected with any proposals which may be
then made with relation to such shares, and for carrying
into effect any arrangements which may be approved by
the said meeting relative thereto."
Copy of a proposition (which has been made by cer-
tain of the holders of the 501. shares) to be submitted to
the meeting:—
" That the 5 per cent. dividend en the 351. already
called on the 501. shares shall cease to be payable after
the 21st December, 1850.
" That 331. 6s. Bd, (part of such 351.) shall be conso-
lidated into and receive dividend rateably with the
general capital stock of the company, from the Ist
January, 1851, the company guaranteeing henceforth a
dividend of 4i per cent. on any future calls that may be
made on the 501. shares (beyond the call now due), and
also on 11. 13s. 4d. per share, part of the 35/. already
called up.
" That an Act of Parliament shall be applied for to
sanction the arrangement."
The following note dated Ist inst., has been received
from the Secretary of the York and North Midland line:
—" I beg to advise you, for the information of the mem-
bers of the Stock Exchange, that the transfer•books of
the Hull and. Selby Purchase or Preference Shares' of
this company will be closed from Thursday, the 11th
instant, to Thursday, the 23d instant, both days inclusive,
for the purpose of making up the dividends on these
shares, and which dividend will he payable at the rate
of 6s. per share (leis income-tax) on the 25th inst."
The English Funds opened this morning much the
same as they closed on Saturday, and the speculation
for a rise is a little checked by the realisation of profits,
although the foreign news continues favourable, the
Danish dispute being arranged, and the anticipation of
the French budget being more satisfactory. Console.
have realised 961 j-. The New Three-and-a-Quarter
uer Cents. are 98i to 99, and the Three pF r Cents. 97
to 97k. Bank Stock is firm at 211. Exchequer-bills
have been marked 675. to 703. premium.
The Foreign Stocks are not so animated. In the
Peninsular Bonds there has been no transactions.

Mexicali are quiet at 30, and Grenada Bonds have ranged
from 181 to 18k. Peruvian are steady at 823 for the
Active, i.nd at 36 to 36k for the Deerred. Buenos
A) res Stock has been at 583 to 593. The French Five
per Cents. have been quoted 95 123, with the exchange
at 25 60 Dutch Two-and-u-Halt per Ceuta. have rea-
liaed 56-1 to 574.
Railway Shales are much the same, and with rather
less doing.