The Sun.
London, England, 1844-02-05 00:00:00

a letter is invaluable, as putting us in possession of
the cool, deliberate judgment of one of the wealthiest
merchants of the day ; and who is still less re-
markable for his wealth, than for h's great practical
sagacity, and the utter absence all party views that
characterise his opinions. The League has many
able lecturers in its service ; but the best lecturer it
can possibly employ, is this letter of Mr. JONES
LOYD, which it will do well to circulate in the cheapest,
possible form throughout the country, for it strips the
subject of its adventitious ornaments, and addresses it-
self, by its simple and transparent style, to the under-
standings of the most ordinary minded men. One word
more, by way of wind-up,to the League. The necessity
for strenuous agitation, always imperative, is now far
more so than ever. They must adopt a bolder tone
in their language—bearing in mind the effect that a
few recent bursts of dictatorial energy on the part
of the Monopolists have produced on the mind of
our trembling, canting, time-serving Minister
—must get up meeting after meeting ; issue
address after address ; and justify the confi-
dence of the country by preserving a stern,
impassioned, uncompromising course of conduct in
this, their apparent, season of depression. Have they
not justice—have they not common sense—have they
not every possible motive on their side that can urge
men to strenuous action ? Again and again we say
to the League—persevere, for in perseverance lies
your sole chance of success. What, though the
Premier has for the season sold himself to the Mono-
polists ! Surely you should by this time know him well !
He is a man who will sell himself readily to which-
ever party gives him the fairest prospect of a continu-
ance in office ; and your's will be able to offer
him this effectual bribe, if you only exert your-
selves with the spirit of men conscious of the justice
of the cause, and resolved to win the day.

We subjoin the very manly and sensible letter of
the Right Hon. Earl SPENCER, in reply to the
memorial of the meeting at Spalding (held on the
23d ult.), calling on his Lordship to resign his office
of President of the Royal Agricultural Society of
England. Our readers will remember, that a sec-
tion of that Society, in its abounding liberality,
and its exuberant solicitude to challenge free discus-
sion on all topics connected with the great agricul-
tural interest of this kingdom, had thought fit to
taboo the rather important question of the corn-law
monopoly. Any member was to be at liberty to ex-
press his own opinions, even on that matter—provided
always that they concurred with those of these sa-
gacious memorialists. The quiet dignity, good sense,
forbearance, and yet significant brevity with which
Lord SPENCER "declines to comply" with the re-
quest of the gentlemen, are eminently characteristic
of the Noble and inflexible President :

"Wiseton, Jan. 27, 1844.
"Sir—l have this day received your letter, containing a
request to me from certain inhabitants of Spalding and its
neighbourhood to resign the office which I hold for this year,
of President of the Royal Agricultural Society of England.
Believing, as I do, that the Society is doing a great deal of
good by the improvement which it is tending to produce in
the agriculture of the country, and wishing, therefore, most
earnestly to do all in my power to support it, no personal con-
sideration would induce me to hold the office of its President
for one moment, if I thought that my resignation of that
office would be advantageous to the Society. As, however,
upon the best consideration I can give to the subject, I am
convinced that my resignation of that office, for the reasons
stated in the paper which you have inclosed to me, would be
extremely detrimental to its interests, I must decline to com-
ply with the request of the gentlemen for whom you are
acting.
" I beg to say that the opinion which I have lately ex-
pressed upon the corn-laws is no new opinion of mine. I
held it, as it is perfectly well known, long before the Anti-
Corn-law League, with which I have no connection what-
ever, was in existence.
" I have the honour to he, Sir,
" Your most obedient humble servant.
"Chas. F. Bonner, Esq., Spalding." "SPENCER."

The accounts from Madrid are of the 26th ult. It
was stated in the journals that General Pant (now
Count DE REUB) was to be appointed Governor of
Madrid. The latest accounts from Saragossa and Bar-
celona were satisfactory. On the Madrid Bourse the
Three per Cents. were done at 26i and 27 for cash, and
28 for 60 days ; and the Five per Cents. at 19k at 60
days, with I premium.

The Paris papers of Thursday bring no intelligence
lof interest to an English reader. The resignation of
M. SALVANDY forms the principal subject of political
conversation. Parties hostile to the Government
look upon it in a favourable light, as he is known to
be a firm adherent of Count MOLE, destined as they
believe to be the successor of M. GEIZOT. During
the last three days, says the Reforme, the visits of
Count Mots to the Tuileries had become more fre-
quent. On Tuesday he was summoned twice to the
Palace, and on Wednesday he passed the greater
part of the day in conference with the KING. Mar-
shal VALLEE has likewise been received at the
Tuileries. Neither of the Chambers sat on Wednes-
day or Thursday; on Friday it was understood Minis-
ters were to bring on their proposed measure on
public instruction in the Chamber of Peers. The
funds had rallied a little on Thursday. The Three
per Cents. closed at 82f. 5c.; the Five per Cents.,
at 1241. 80c.; Orleans Railroad Shares, at 850 f. ' •
Rouen, 836 f. 26c. ; Havre, 665 f.; Avignon, 7421.
50c.; Spanish Actives, .30j. _ _

THE BOURSE-THURSDAY, FEB. 1.

First

- ,
Higliest Lowest Last

Price. P-rice. Price. Price.
French Five per Cents. •• • • 124 40 .. 124 60 •• 124 40 ...124 60
Four per Cents. • • lO6 .. 106 -• • 106 .• 106
Three per Cents... • • 81 90 . • 81 90 • • 81 80 • • 81 SO
Bank of France ..... •• • 3282 50 -•3282 50 •.3282 50 •.3282 50
Belgian Bank
1841 lOBO ••1080 ••1080 ••1080
Belgian Fives lO6l .• 107 •• 1061 .. 107
1840 ••• —108 f 109 .. 1081 .. 109
1842
Spanish Active •
1.4,813iVe .••.•• • • • • • • 51 • • 51 • . 51 .. 5i
Portuguese Five per Cents .• 48} • • 48f • • 47i • • 481
Neapolitan lO7 .. 107 .. 107 •. 107
Roman 106 •• 106 .. 106 .. 106

RAILWAY SHARES.
St. Germiu
Versailles, L.B. ..
Rouen • . • • • • •• • • •• • • •• • • •• 845 • • 845 .. 845 .. 845

Rouen to itarre•• •• •••••••• 663 75 .. 663 75 .. 663 75 .. 6G3 75
Orleans

Strasburg to Bale •••. • • •• 235 • • 235 .. 233 75 235
Avignon to Marseilles-- 742 50 .. 745 .. 742 50 .. 745
RAILWAY SHARES FOR JANUARY ACCOUNT.
Versailles,;L.B.• •••••• • • • • • 181 25 .• 181 25 • • 181 25 .. 181 25
Rouen to Ilavre.• •.... ..... 668 75 • • 668 75 .. 668 75 .. 668 75
Orleans •...
Strasburg; to Bale •
♦vignon to Marseilles—. • • 740 .. 745 • • 740 • • 7 4
. RAILWAY SHARES FOR FEBRUARY ACCOUNT.
Versailles, L.B. ..... .• •• • • 180 •• 182 50 .. 180 .. 182 50
Rouen
Rouen to Havre.. • •• 665 .. 665 • . 665 •• 665'
Orleans . ....... ......• .• 845 • • 850 .. 845 • • 850
Strasburg to Bale. 236 25 .'..236 25 .. 235 .. 235
Avignon to Marseilles• .••

POSTPONEMENT OF THE COMMONS' ADDRESS.---The
reception by the Queen of the address from the House
of Commons was postponed, in consequence of intelli-
gence having reached his Royal Highness Prince Albert
of the decease of his father, the Duke of Saxe Coburg.
Notice was, in consequence, sent to the House of Corn
mons, and to all the usual officers of the Household.

FLANDERS AND DUTCH MAIL.
BRUSSELS, FEB. I.—DEATH OF THE KINQ'S
BROTllER.—Yesterday evening the Court had a se-
cond ball in the palace, at which about 1,000 per-
sons were present. The dancing was very animated,
and the King was conversing with different persons
in the great drawing-room, when General d'llane
came in and told his Majesty that an officer had ar-
rived express from the Court of Saxe-Coburg with
important dispatches. The King immediately went
to the apartment where the officer was waiting, and
there he heard the afflicting news of the sudden death
of his elder brother, the reigning Duke of Saxe-
Coburg.

His—Majesty, overcome with grief, directly retired
to his private apartments. Unwilling, however, that
the ball should be broken up, he sent word to the
Queen that a slight indisposition hindered him from
joining the company. The melancholy and unex-
pected news, however, soon became known to a part
of the company and threw a damp over the whole.
Many gentlemen and ladies declined dancing any
more.

The Queen did not leave the ball till just one
o'clock, when she,was first informed of the death of
her brother-in-law, whom she highly esteemed. It
is probable that there will be no more fetes at Court
during the whole winter.
THE HAGUE, l'En. 2.—ln the second sitting of the
Chamber of the States General to-day, the President
proposed to put on the order of the day for Tuesday
next,. the debate on the project of law for re-
gulating and providing for the deficiency of
1840 and the preceding years. Some mem-
bers objected on account of the connection be-
tween the measure and that relative to an extra-
ordinary income-tax and a voluntary loan. After
some debate, the President's proposal was agreed to
by a majority of 22 to 15. In the same sitting, the
Central Section brought up the report on the project
of law for meeting the deficiency of 1841, 1842, and
1843, the debate on which is immediately to follow
the preceding one.
TIIE HAGUE, FEB. 3.—On the 31st of January in
the evening, during a splendid ball given by King
Leopold, in his palace at Brussels, his Alajesty re-
ceived the news of the death of the reigni,ig Duke of
Saxe-Coburg- G otha.

The deceased }Jerson was nutter of Prince Albert,
consort of the Queen of EygLind, :,tri uncle to the
of l'orttural, to the
_Nemours, thi
to the husband' of Irutcess %iteutehtme, daughter of
King Louis