The Sun.
London, England, 1844-09-28 00:00:00

Government has acted in dealing with the debt of
FLolland.

We have intelligence from Madrid to the 19th inst.
If we are to believe the Ministerial journals, Consti-
tutional Government has returned with MARTINEZ DE
La ROSA, and NANYAEZ and his army are now sub-
ject to the civil power. The Tempo this boasts of
the important ehange

" The Cabinet of General Narvaez is now the Cabinet
of M. Martinez de la Rosa, of the old head of the
other Ministries ; of the man who has never submitted
but to legitimate and constitutional influences ; of the
man, in fine, who will probably, more than any other
person, govern the majority in the next Cortes. In a
word, even the shadow of military power disappeared
from the Ministry from the moment that M. Martinez de
la Rosa entered it. Military power is changed into one
which contains within itself all the conditions of politic
power, and this tendency, which should be a benefit, ac-
cording to the opinion of every man who proposes to
make a representative Government a reality, and of which
the accession of the new Minister to power is the express
sion, in the eyes of all those who form a sober and dis-
passionate opinion of things, is precisely what the Oppo-
sition journals take care to conceal in speaking of the
important change which has taken place in the Cabinet.',
According to letters from Barcelona of the 17th
placards had been posted in several streets, denouncing'
the Government, and several arrests had been made
i• consequence. At Reuse similar feeling prevailed,
and the troops had been confined to their barracks, as
an outbreak was apprehended.
Madrid Bourse on the 19th.—Three per Cents.,
sixty days, 27k; Fives, no quotation.

The articles in the Paris papers are generally des-
titute of interest. For want of more important sub-
jects, the Opposition journals still dwell on the affairs
of Morocco and Otaheite ; but the rage of the parties
has nearly died away, the fit is over, and we look
forward, therefore, to very dull declamation in the
war journals, till they can invent some fresh grievance
or a new insult from England. The Journal des
Dcbats, some days since, published the principal con-
ditions of the treaty of peace between France and
Morocco. These, however, were very incorrectly
I given, if we are to believe the Constitutionnel, and
some of the more objectionable articles were entirely
suppressed. The following, says the latter journal,
is a correct summary of the treaty :—" Art. 1. By
this article the Emperor of Morocco engages to dis-
perse the troops assembled on the eastern frontier, not
to assemble an army on this point, and not to have
more than 2,000 men there, unless by common ac-
cord.—Art. 2. A chastisement is to be inflicted on
the Moorish chiefs who hare violated the peace, and
invaded our territory. Before inflicting this chastise-
ment, the EMPEROR shall make known to France the
names of the offending parties, and the nature of their
punishment.—Art. 3. ABD-EL- KADER is outlawed
throughout the Moorish territory, and the territory
of our possessions in Africa. He shall be pursued by
the troops of both Governments until he shall be
expelled, or made prisoner.—Art. 4. Should he fall
into the power of the Moorish troops, he is to be sent
into the interior, until the two Governments have
decided on ulterior measures with respect to him.
Sould he fall into the power of the French troops,
the French Government engages to treat him with
proper consideration.—Art. 5. The frontiers of the
two empires shall remain the same as at the period of
the Turkish rule in Algeria. An ulterior convention
shall determine exactly these limits.—Art. 6. After
the exchange of ratifications, the isle of Mogadore
and the town of Ouchda shall be evacuated by the
French troops. The prisoners of war shall be ex-
changed immediately.—Art. 7. New negotiations shall
take place for the purpose of completing and consoli-
dating ancient treaties, which regulate our political
and commercial relations with Morocco. Meanwhile
these ancient treaties are maintained, and France
shall enjoy in the empire the privileges of the most
favoured nation.—Art. 8. The exchange of ratifica-
tions shall take place within a delay of two months."
The same journals assert that the Government have
also concealed some important facts relative to the
skirmishes between the Otaheitans and the French
troops. " The Government," it says, in announcing,
on the 17th, the death of MM. SZIGNIITTII and NAN-
sourT, the two officers killed at Otaheite, mentioned
fifty-two wounded. Everybody was struck with the
singular circumstance of only two officers having been
killed in the combat at Mabahana, and of their being
officers. Unhappily there has been an omission in the
official report. According to our information, the
slain amount in number to seventeen."
The Siecle improves on this, and gives the following
as a true and faithful account
" Although the latest news from Otaheite, published
in the Ministerial journals state, the loss of the French
at the attack of Mahahana at two officers killed and 52
privates wounded, it appears that the Government has
not published all the information which it received as to
that unfortunate affair. A letter has been communicated
to us, in which it is stated that, besides two officers
killed and 52 men wounded, we left more than 40 sea-
men or marines dead on the field. This letter adds, that
the plan of the intrenchments raised by the rebels was
given by British officers, and that the report of the Com-
mandant Bruat, received by the Ministers officially,
announces this fact."
The same journal thus attacks
GUIZOT, on the
plea
that he dare not aceept an offer of vast import-
ance to France, just made by a deputation from the
republic of Nicaragua :
" It is well known that there are at this moment at
Paris envoys from the republic of Nicaragua, who have
officially proposed to M. Guizot to place that State under
the protectorate of France. A proposal of this nature
should admit of no hesitation on the part of the French
Government. After having accepted the overtures of
Queen Pomare to seize upon an, insignificant point in
the Archipelago of the South bees, he cannot refuse
an appeal made to France by a nation placed on the
American continent, at the entrance of the isthmus
which separates, and which will, perhaps, join the
two oceans. England has given us the example, by
establishing herself at Belize and b 7 taking possession
of the island of Ruatan, in the bay of Honduras. What
England has effected without the consent, or rather
against the will of the natives, France has certainly a
right to do at the wish of the natives solemnly expressed.
Moreover we cannot understand how the Minister of
the cordial understanding should !fleet with the slightest
impediment from a power to which he generously sacri-
ficed our interests in Otaheite. M. Guizot, after such a
service, ought to find Lord Aberdeen the soul of bene-
volence and of conciliation. The reasons we have ad-
duced have, no doubt, prevented M. Guizot from reply-
ing by a direct and immediate refusal to the overtures
made to him by the envoys from Nicaragua. He has not
his responsi•
engaging
getely disclosed
bdaredty bto y dismisswt hbei
emb, fearwfobruld hea
vf
ee ncgoamg
the system of fear always, and fear everywhere. But what
the servant of England does not openly he hopes to
accomplish by a tortuous course, and by gaining time.
We are assured that M. Guizot signified to the
envoys from Nicaragua that they should wait.
Go
softly,' said he to them. Go softly, and why ? Ia
France, then, fallen so low, that nations who, on
the faith of her ancient fair fame, come to solicit
her protection become as embarrassment for ber ?
Is a nation which may be considered as having re-
ceived from Providence a mission to initiate the
world into the arts of civilization, at present to repu-
diate her great destiny ? Is she alone to fear to defend
her property or to maintain her right ? Must she de-
mand the permisssion of England before she can extend
her arms to the east or the west ? These are questions
ofNicaragua.
which will naturally be asked when it is known what
his
anxiety M. Guizot feels
.on account of the proposal made
caused
ayu s conceivedt
ehde bdye
himeog fa And such is the opinion
, that it is believed the delay
will end in a refusal."

Louts Pamirra WilB to leave Paris on Wednesday
evening for the Chateau d'Eu, preparatory to his de-
parture for England. He was to be accompanied to
Eu by M. GUILOT and Admiral MACIEAII, who will
also attend his MAJESTY to Windsor. The squadron,
Ma-
under to Portsmouth, is ordered to assemble at Tre-
portunder Admiral LA SUSSE, which is to carry his Ma-
on the sth of next month, but his MAJEsTr will
not embark till the evening of the 7th. The French
QUEEN and Royal Family are to remain at St. Cloud
until the return of his MAJESTY.

THE BOURSE-1-n
• •71JDN118DIT, SEPT. 25.
First Highest Loweat Last
Price. Price. Price. Price.
French FlYe per C wits 119 30 .. 119 35 .. 119 05 • • 119 05
your-and-r-411f••• •111 60 .. 11] 60 111 60 .. 111 60
I ours ..
Three per Cent5.....59 15 .. 82 15 .. 82 15 52 15
5,0001. Shareesoss —5060 "5055 .. 4060
Bank of lerance• •••••• • • •• • 3C60 ..3060 3061 ..3060
665 .. 665 .. 665
Belgian Fives, 1840 •••• • • •• 106 .. 106 .. 106 .. 106
BL:lnigitante BliaLkk,.. • • • • • • • • • • • • 665
1842
101{ .. 107 k .. 1071 .. 1071
Spanish PILSSIYO • 6 6 .. 6 .. 6
Threes •• • ...... •• • 14f 341 .. 341 • • 341
New Deferred...... 13t 131 • • 131
Portuguese Ilya per Cents.. 461 .. 461 .. 46} .. 461
Neapolitan ..... •••• • • • • •• 98 75 .. 96 75 .. 98 75 .. 98 75
Roman ...•••••••••••••••• 106 .. 105 105 • • 105

RAILWAY SHARES.
...... 885 387 50 .. 225 .• 387 50
L.B•• •• •• •• •••• 258 TS .. 260 .. 258 75 .. 260
Rouen •• •• •• •• •••• ••" •••• 995 995 995 .. 995
Rouen to Have a
7" •• 790 -. 750 .. 740
Orleans • • ••• • • ..... •-••• •• 937 SO .. 487 50 .. 987 60 .• 987 50
Strasburg to Bale • 263 73 .. 263 75 .• 262 50 •• 262 50
Mulhausen to Mann
375 . 374 .• 374 .• 375
RAILWAY SHARES FOR THE ACCOUNT, SEPTEMBER 80.
Versailles, L. 8." .•••• • , • • • 260 .. 260 .. 260 .. 260
Rouen • • •• 995 .. 996 25 . 992 50 .• 992 50

Rouen to Havre ...... .. ;/-5-0-

.. 750

•. 750

•. 760

Orleans •

Strasburg to 263 7,
266

. 262 50 .. 262 50

Mr. Glyn and a deputation transacted business
yesterday at the office of the Board of Trade.

MONEY AND COMMERCIAL NEWS.
CITY, FRIDAY EVENING.
The Funds closed without the slightest altera-
tion ; Consuls 99i to par for Money, and par to 100 k
far Account.
The Foreign Bonds have been rather heavy. The
state of Navarre makes Spanish flat, at 234 to 24 for the
Five per Cents., and 35 to * for the Three per Cents.
Brazilian have been up to 91 ; Portuguese Converted
were 47k ; Buenos Ayres brought 36i ; Colombian re-
ceded to 14f 4 ; and Mexican to 374 and 37.
The additional transactions in Railway Shares have
boas these :—Birmingham and Gloucesterwere 8 ; Dub-
lin and Belfast, 24; Great Western, Half, 37 ; Birming-
ham, 117 k ; Croydon, 24 ; Midland, 7 to * •, Newcastle
and Darlington, 27 to k ; Northern and Eastern, 12 ;
South-Eastern, 5* •, York and North Midland, Selby
Scrip, 35f ; Central of France, 1 to 4 ; Boulogne and
Amtens, ; and Paris and Orleans, 184 premium. Ca-
ledonian have been i to *discount.
The rate of exchange for three months' bills advanced
this afternoon on Paris, Antwerp, and Trieste, and was
very firm on Amsterdam, Frankfort, and ll4mburgh.

(From The Sun of Last Night.)

The Cotton market was steady at Liverpool yesterday,
and a moderate business was done at previous rates.
Sales 4,000 bales, of which exporters took 300 Ame-
rican and speculators 200. The sales included 600
Surat, at 20. to 31d.; 50 Maranham, at 51c1.; 200
Egyptian, at 61d. to 7d.; and the rest American, at 31d.
to W.—London and Birmingham Railway Shares
were in request again, and the market altogether was
steady. Birmingham and Gloucester, 105 ' • Bristol and
Gloucester, 45i ; Churnet Valley, 41; Dublin and
Cashel, 107; Dublin and Belfast, 41. 18s. 9d.; Grand
Junction, 214; Ditto, Halves, 107; Liverpool and Man-
chester, New, 351 ; London and Birmingham, 321.
Shares, 37; London and York, 4; Portsmouth, 2Z Is. 3d. ;
Midland Counties, 108 ; Scottish Central, 2 11-20 ;
Sheffield and Manchester, 94 ; Shrewsbury and Grand
Junction, 51; Lyons and Avignon, 21. Is. 6d.; Paris and
Orleans, 36 ; Paris and Strasburgh, 168.
There is every reason to believe that the information
received some days ago, that a new treaty, and a favour-
able one too, has been completed between our Govern-
ment and that of the Emperor of Brazil, is correct.
Later accounts have reached us to-day upon this subject
from Rio de Janeiro, which leave little doubt upon the
question. At present, however, a sort of solemn silence
is upheld as to the provisions of the new compact. A
few items only had gained publicity in the capital of
the Brazilian empire, and we may confidently state that
concessions on both sides have been made which must,
if held out, tend to augment the commerce between
both countries. The West India interest through
its representatives in the House of Commons will, if
our private information on this subject be correct, most
strenuously oppose one clause which the general body
connected with the colonies will think most objectionable.
However, the progress of liberal legislation in commer-
cial affairs has so far advanced that sectional interests
cannot by possibility prevent the onward movement by
which millions, and not small parties, must be benefited.
Mere is a feature with respect to the provision contract
taken yesterday, which is worth a notice. For the first
time, we believe, the Commissioners have, during peace,
enlarged their contract. This looks as though the de-
termination now is to keep up a good store of salted
meats in our dockyards. The Irish contractors, no
doubt, are much pleased with this increase of contract.
Last year large losses were sustained by them in conse-
quence of the niggardly amount which was then taken
to supply the navy of Great Britain.
The market for Stocks is very quiet to-day, but at the
same time very firm. Consols are 997 to par, the Com-
missioner having paid the highest rates. For Time par
to 100/ have been the quotations. India Stock has been
firm at 2881. Exchequer Bills have realised 745. to 765.
premium.
The Foreign Market is not active, the settlement oc•
cupyiug chief attention. Spanish Five per Cents, have
been 231 to 24 ; and the Three per Cents. 341 to 351,
being rather lower again. Portuguese Converted obtain
471 ; Mexican Bonds are steady, at 37i ; Colombian at
14i ; and Brazilian New at 871 to 881 ; Dutch Two-
and-a-Half per Cents. have been supported at 621.
The Share Market is looking better this morning, as
a reference to the quotations below, of the Railways
dealt in, will show. The business done has not been
extensive.
PRICES OF BRITISH FUNDS AT ONE O'CLOCK.
(From the Official List.)
$ per Cent. Consols. Annuities 99% 100
India Stock . .. ................. 28834
India Bonds, 401161... .. .....••••.•••••••••••«•••••••••••••
Ditto under 93
South Sea 5t0ck.............. ....... ...............
Ditto New Annuities 9814
Consols for Account 1003 100
Exchequer Bills, I%cl. I%d.
1 00W. 76 74 pm.
76 '74 pm.
Ditto 76 74 pm.
Ditto Advertised.
PRICES OF FOREIGN FUNDS AT ONE O'CLOCK.
Brazilian Bonds, 5 per Cent. ...........««..».» —
Ditto New Bonds, 1829 and 1839. 8734 8854
Columbian Bonds. .....».».»....».«.«.«.«.«.»« 14
Mexican Bonds, 1837, 5 per Cent. ........ 37% Ditto Deferred Stock..„ ....... .......... 15%
Peruvian Bonds, 8 per Cents 26
Portuguese Bonds, 5 per
Ditto Converted «
47%
Spanish Bonds, Five per Cent V's
Ditto for the Account 23%
Ditto Three per Cent. 85
Ditto for the Account ....... 3534 34%
Dutch 234 per Cent 5................. ....... 6254
Dutch 5 per 100%74
PRICES OF SHARES AT ONE O'CLOCK.
RAILWAYS. PAIL PR. SNARE.
Birmingham and Gloucester lOO ........ 108....... to 109
Bristol and Gloucester 3O ..... 4734
Dublin and Belfast Junction........ 234 534 to
Eastern Counties 25 11 to
Ditto New Registered...-. 81. 6s. ed. ...... 1314 . —. to
Great Western 75 ~»....,143% 144 to 142%
Lancaster and Carlisle 5 '7 to „-
London and Birmingham. lOO " to
London and Greenwich ........«., 19 •••••• 10% 4 *oil to
London and South Western 41% ...... 7534
Ditto Eighths.. ......... ...... 2%30; to
London and Croydon
London and York 234 4%36 .... to
Manchester and Birmingham ... 40 ..,.,« ,49 ... to -...
Midland Counties ..... 100 08% 10734 to 10134
Newcastle and DarlingtonJunct. 21
Northern and Eastern 45 ..... 56;4% ... to
South Devon 5 ........ 834 ...... to
South Eastern and Dover 33% ..„.. gg ... to 88%
Trent Valley
York and North Midland
Ditto 34 Shares 25
Ditto Selby Scrip ..»..... 35 ..«..... to
Central of 8 3 ..... to
Paris and Orleans .....

MANCHESTER STOCK EXCHANGE, SEPT. 26.—Our
market is somewhat quieter to-day, without any material
change in prices. Accrington, 3f ; Caledonians, 44. ;
Churnet Valley, 4k ; Eastern Counties, Perpetual, No.
2,19 s. ; Lancaster and Preston, New Shares, 3i ;
Leeds, Dewsbury, and Manchester, 5 5-16 4. ; London
and York, 4i ; Birmingham and Derby, 76. i ; South-
Eastern, 381 ; Trent Valley, 9i ; Water-Works, 60f.

CLOSING PRICES.
BRITISH FUNDS.
Indian 2.5%
Ditto Bonds ••••••••••••••• Ls pm
Ditto Old Annuities
Ditto New Annuities 98%
Ex. Bills, 1,0001. 134 d „ 74 pm
Ditto 5001.
Ditto 5ma11..„,,, 74 pm
Bank Stock for Acct —
Consols for Act 100
India Stock for Acct
FOREIGN

Sank Stock
3 per Cent. Red
1 per Cent. Cone
334 per Cont. Red
New 3% per Cent.
New 5 per Cent .....
Long Annuities to expire
len IS6O

Oct 1854)

Jan. 1aG0.......•• •.... --

FUNDS.
Austrian, 5 per Cent — Portuguese, 5 per Cent •••••• .....6
Belgian, S per Cent .... - --Ditto, New Ditto._ .... „.
Brazilian Bonds - Prussian, 5 per Cent
Buenos Ayres, 6 per Cent.. 363{ Russian 5 per Cent .._
M Chllian, 6 per Cent ........... Ditto, etall-ie..... ..... _, _
Colombian, 6 per Cent ..... 14% Spanish, 5 per Cent 24
Ditto, 1fe24.................. Ditto, 9 per Cent .......
Cuba Bonds, 6 per... Cent.... 'Ditto, Deferred,,,,,,,,,,,,,,,,
Danish, 3 per Cent .... ..... ... !French, 5 per Cent-... —f —c.
Greek, 184, 5 per Cent — Exchange .... .. „»„ '2
_r
'.. - •
Mexican, 5 per Cent
Ditto, 6 per Cent., MI — .Dutch, 2% per Cent..... 623
Peruvian, 1825, 6 per Cent 26 'Ditto. 5 per Cent ........100X

. -
SHARES.
Birmingham and Gloucester (100 paid) lO6
Caledonian, 5 paid
Dublin and Belfast Junction, 2% paid 4
Great Western (75 paid)
Ditto Half Shares, 50 paid B7
London and Birmingham (Stock)
London and Croydon (Trunk)
London and York, 2% paid 4%
Midland Counties (100 paid) 107%
Newcastle and Darlingron Junction, 21 paid. 44%
Northern and Easteni (45 paid)
South Eastern and Dover (33 2s 4d pail)
York and Selby Scrip. paid :45%
Boulogne and Amiens, 2 piid ..... .........
Paris and Rouen. 20 paid
COURSE OF EXCHANGE.—(YESTERDAY:
Amsterdam CF. 12 6i Gibraltar —
Ditto, at sight l2 4 Leghorn 3O 50
Rotterdam 9U. 12 90 Genoa 25 85
Antwerp 25 7 Milan —
Hamburgh M.B. 13 144 Venice ........ .......... 47
Mtona l3 14 Naples 39f
Paris, 3 days' sight... 25 60 Palermo, par oz llB
Ditto, 3 months 25 85 Lisbon 55
Marseilles
Bourdeaux 25 90 Rio Janeiro 23
Frankfort on Maine .. 121 Bahia 23
Petersburgh, 3 Us... 37 Buenoe Ayres —
Berlin 7 NewYork,2ldys sight
Vienna, effec. 11. 3 M 952 Philadelphia —
Trieste, ditto
Madrid 364 Foreign Gold, bars.. £3 17 9
Cadiz
Bilbao 36 New Doubloons.— 00 0
Barcelona 36 New Dollars O4 10
Seville — Sily©r in Bars 0 4 11. E

BANK OF ENGLAND.
(From Last Night's Gazette.)
An Account, pursuant to the Act 7th and Bth of Vic-
toria, cap. 32, for the Week ending on Saturday, the
21st day of September, 1844.
ISSWE DEPARTMENT.

X.
Notes issued ... 28,582,705

IGoYernment debt 11,015,100
Other securities 2,934,900
Gold coin and

£28,582,705

bullion
Silver bullion

£28,582,705
RSJIALL, Chief Cashier.
Itember, 1844.

M. MA
Dated the 26th day of Sep

BANKING D

Proprietors'capi-
tal 14,553,000
Rest . 3,567,00;
Public deposit/4
(including Ex-
chequer,savings'
banks, Commis-
sioners of Na-
tional Debt, and
dividend ac-
counts)
Other deposits
Seven day and
other bills

£32,898,3521 £32,898,352
M. MARSHALL, Chief Cashier.
bated the 26th day of September, 1844.