The Sun.
London, England, 1826-11-09 00:00:00

certain.

From Madrid it is asserted in private letters that
the Government have succeeded in raising a stun equal
to 1,500,000 francs, for the payment of the Alr,:line
tribute, by pledging the Commanderies of St. John of
Jerusalem. This security we should think not worth
having unless the knights are to receive some terri-
torial possession in return, which,, 'from other rumours,
we consider not 'improbable.
A new entry of French troops into Spain is much
talked of in Madrid, and it is said that a change of
t he system of the Government is to be effected by this

foreign aid.
The affairs of France' itself occupy tut a small por-
lion of these papers. An Ordinance of the KING,
dated the sth inst., convokes the Chamber of Peers
and the Chamber of Deputies for the 12th December.
The KING'S Birth-day was celebrated on Sunday,
when he received the congratulations of the several
authorities. The same day was inaptly selected for
the inauguration of a new. Temple of Plutus. This
Bourse, or Exchange, which ommenced by
BUONAPARTE, is a magnificent building. The ball
is of immense size, 116 feet by 76, and can contain
upwards of 2,000 persons.

Fattiest FUDS.—PARis, Nov. 6.—Five per Cents. 991. 60e.
50e. 40c. 30c. 40c. 25c. 30c. 40c, 35c. SOc. ; Three per Cents.
70f. 15c. 701. 69f. 95c. 90c: 95c. 70f. 691 90r. ; Bank Actions.
20411. 50c. 20501. ; Naplea Brutes, 771,. 161. 10c. 65c. 70c,
75c.. Cortex Bondi., 91 4'; Royal Ditto, 4911. 49f. 491 1.--
Exchange—One month, WA 55c. ; Three months, 251. 35c.

It is mentioned by the latest accounts from Con-
stantinople, that the Armenian Persian DAOUD ZA-
BQR now DAM) KHAN, the same who in 1816
proceeded to Paris from the &halt to Louts the

18th, has just arrived at Constantinople. It is re-
ported that the object of his mission is to induce the
PORTE to join Persia against Russia. He is lodged
at Kadkeuee, 'the ancient Chalcedon, and is said to
have solicited permission to reside in Constantinople.

The Allgenzeinc Zeitung of the 2d inst. has been
received this forenoon. It furnishes the substance of
the additional Convention between Russia and Turkey,

some clauses of which are likely to be important

their consequences, if the Convention should ever be
ratified, of which a doubt seems still to exist. The
following is an extract

ODESSA, OCT. 18.

The following is the substance of the important addi-
tional convention, proposed by the Russian Commission-
ers at Akinnann, and accepted by the Turkish negociatore.
The article Concerning Servia will probably make a great
impression on all the Greeks.
ART. I. Confirmation of the treaty of Bucharest which
is to be considered as inserted at full length in the present
convention.

ART. 11. Determination of the. &anti ers in Bessarabia, ac-
cording to Art. IV. of the treaty of Bucharest. The fron-
tiers are to be determined as fixed in the protocol of the
conference of 21st August, 1817, between Baron Stroga-
noff and the Turkish Commissioners.
Anr. 111. All preceding Conventions relating to the
Principalities of Moldeehs and Wallachia, are confirmed,
The Porte engages to renew the Haiti Scheriff 0f.1802,
within six months after the signing of the present Con-
vention. In consideration of the present situation of these
provinces, and it having been thought fit to intrust the go-
vernment of them. to Moldavian and Wallachian Boyars,
an alteration to which Russia has assented;, the Porte ac-
cedes to the clauses which have been specified for this ob-
ject in the concessions. These clauses relate to the choice
of the Princes which, according to ancient custom, is to be
made by the two Divans, and confirmed by the Porte,
which is only to give the investiture to , the new Hoer-
dars, h
to t-e,re-eligibiiity of the Thispodars, theirdeposition,
resignation, and the duration of . their Government ; to
regulations for the levy of the taxes and ground-rents, and
the entire remission of these ground-rents for trio years;
to the return of the Boyars, who have emigrated, during
the Hespodars„ and the
the revolution, and
is
thefinieildr7 by
of Beschlis, and Basch-
-Beschli-Agas, w
reei itsipoenctfilxveedDbievraoirt se,
Art. IV. As Russia, in conformity with the 3d Article
of the Treaty of Bucharest, has restored to the Porte the
IWhiethyoetrut sjiB42ld.e Ai ation from the propo-
conquered fortified places in Asia, . the frontier between
the two empires shall continue henceforth as it now is.
Art. V.. rho adrantsigeo promised .to ihe Berviies by
the Sth *tick of the Treaty of BuCharest .4011 be flier'
to them in the commit of a year, .after the signing or tits
present convention. These advantages, as the Deputies
require them, are--the levying of the taxes and graund-
rents, once for all ; the return of the districts (some vil-
lages) detached from Saris ; freedom of trade; pram-

sion to travel with their own passports; freedom of reli-
gion, and of the administration of justice ; the administra-
tion of estates, situated in Servia, belonging to Turkish
owners, but with the obligation to give an account of the
produce; the establishment of schools and printing offices;
the exclusion of the Turks from Servia, except garrisons
in the fortresses, &c.

" Every other demand to be made by the Servians,
which is not incompatible with the duty of good sub-
jects to the Sultan, shall be granted by the Porte."
ART. VI. Liquidations of the concerns and claims of the
subjects of both parties, including the robberies of the
Barbary Corsairs, and the damage done since 1821, by the
violation of the existing treaties. A mixed Commission
shall conclude this liquidation in 8 months, and the gross
amount of the sum to be fixed shall be paid to the Russian
legation at Constantinople.
ART. VII. This article is divided into four points.—
(1) All the points contained in the 7th article of the treaty
of Jassy in regard to the Barbary powers are retained, and
the Porte fartber engages in the time of two months,
after the delivery of the reclamations of the Russian lega-
tion, to make good to the Russian legation, out of the Im-
perial Treasury, every injury done by the Barbary States,
in case the latter shall not immediately do so themselves,
in compliance with the first &mans to be addressed to
them for the purpose.
(2) The Porte promises to fulfil all the obligations laid
upon it by the commercial treaty with Russia of 1783, and
especially the Ist, 31st, and 35th articles, as well' as every
thin that guarantees the free passage of ships under the
Russian flag.
(3) The Porte grants the trans-shipment of goods, and
hinders every innovation.
(1) The Porte accepts the good offices of Russia, with
respect to the admission of all flags into the Black Sea
that have hitherto been excluded from it.

ART. VIII. The ratifications of the present Convention
shall take place within four weeks, or sooner if possible.

Private accounts from Lisbon mention that a note
has been addressed by Sir W. A'CounT to the
Foreign Ambassadors at that Court, explaining the
circumstances under which a party of British Marines
had been landed to protect the PRINCESS REGENT.

Extract of a letter from Paris :—" It is reported in the politi-
cal circles, that the recal of Mons. de Moustier from Spain is fully,
decided upon in the Council. This measure is looked upon as the
forerunner of a change in the Ministry. It is a well-known fact,
that his Excellency has reaped a plenteous harvest in the Penin-
sula, of cordons and decorations, for his staunch support of the
Absolutists: he was also the very soul of the Camerilla. Every
thing seems to indicate that M. de Villele is willing to shake off
the shackles with which he has united himself to Russia, and to
form a closer union with England. It is certain that great cool.
ness prevails between Villele and the Count Poo di forgo ; and
the dissatisfaction that prevails at the Russian Embassy is of such
a nature as not to be disguised."

The accounts of the revenue, so far as the official quarter has
expired, are said to be extremely unfavourable ; but as might be
expected from the state of trade, the chief falling off is in the de-
partment of the Customs. We have often found occasion to
blame the imperfect manner in which the official returns are made
up, yet though the voice of all men who attend to the subject is
raised to exclakis against their want of clearness, there seems to be
a disposition to lessen rather than to increase the quantum of in-
formation which is doled forth to the public. A most useful do-
cument, which formerly was invariably attached to the quarterly
returns—vix., the comparative produce of different articles coming
under the head of excise duties—is now, and has been for a long
time past, wholly omitted. A vague sort of an excuse for this
omission was, we believe, put forth some months ago, by stating
that the collection of so many duties bad been transferred from the
head of excise to that of the customs, that the pUblication of the
usual document sio longer afforded a fair list of the comparative
return of that portion of the public ievcnue. This excuse might
perhaps be allowed to pass current while such changes in the mode
of collecting duties were in progress,Jmt it is of no weight now,
inasmuch as no transfer has taken place of the collection of duties
on any articles from the Excise to the CustoMs since April, 1825;
therefore, the usual table might have been made public with &Cat
utility,, on the sth of July' and the 10th of October last, affording
a species of information of muds value to men of business, and
the same means which the Treasury heretofore always afforded ?or
estimating in detail the situation of the public revenue....- Times.

The Greek Deputies appear to have been 'as unfor-
tunate in the management of their affairs in the United
States is in Europe. A pamphlet has been published
in New York by a gentleman who was employed as
counsel for the Deputies in an arbitration which took
place between them and the mercantile houses which
undertook to build the frigates, and puts us in pos-
session of some curious facts, which incontrovertably
prove that the system of jobbing has been carried on
to as great and ruinous an extent to the cause of Greece
on the other side of the Atlantic as in this country.
The following is an extract of the pamphlet in ques-

ion :

" In the early part of the year 1825 a gentleman of dis-
tinction arrived in the city.of New York, being the bearer
of instructions from the Greek Deputies residing in Lon-
don, for the purchase or construction of two frigates in
this country. These instructions were addressed jointly
,to two mercantile houses in this city, and the gentleman
above referred to. They were accompanied by two letters
of credit from Samuel Williams, of London, in favour of
. each of the houses, amounting to 25,000 h each. At the
same time the Deputies assured the houses, that as to the
additional funds that might be necessary, they would im-
mediately open a further credit, either with Mr. Williams
or with the Messrs. Ricardo, with which latter gentlemefi
.a loan for two millions sterling to the Greek Government
had been contracted. The two houses in question accept-
ed the commission, and on or about the 14th of May, 1825,
they commenced the constrection of two frigateo.try. days'
work. On the 23d of May, having drawn for the 50,0001.
on 'Williams, they drew for the further sum of 25,0001.,
land from time to time after they drew bills on the Messrs.
;.Ricardo to such an extent, that on the 31st of October
each house bad drawn (including the bills on Williams)
for 77,5001. sterling. In a letter, dated the 31st of Oc-
tober, they, for the first time, informed the Deputies of
the probable cost of these frigates,
_and that, under profes-
sions, which will not be here repeated, ther had made a
total wreck of the whOle."
tlporary, in dmesrceriebitalingineltelstee
We cannot du bectoiremtlan finish
words used bya
subsequent details of this
evidence taken before the arbi-
nefarious transactions.
• " It appears from the
1 States frigate the Brandywine,
built
tratore, that the Unite(
'Pbaumiltiilalksht . lido* of live oak, and completely
0f one of the Greek frigates, built of in-
d cos .273 v
t only Q dollars, or a little more
equippe
that one of these Greek frigates, sold
,oartndtifmroem7 the
0„,
for the equipment of the other,—(both having
to pay .
°us y cost 750 000 d Ila —crd not
timber
'having prevrt o rs, I
tfleirainort ;
bring more than 253,5 /0 dollars; that after the es,-
neeffiture of 750,000 dollars, or nearly 150,0001.,
more than '250,000 dollars more would have been
necessary to prepare these frigates • for sea ; and
that the one which actually id sail cost Greece
`about 150,0001,, or nearly as much as three large
'frigates like the Brandywine. Out of this immense
expenditure there were some -very pretty pickings,
'both for the merchants who undertoo-k the job,—the
ship-builders,—the French agent for Greece, and the
American lawyers. The mercantile houses had 10
per cent. commission, or about 40,000 dollars, for in..

curring no risk, (as they look to be paid all their outlay
in advance) ; about 61,000 dollars were paid by these
houses to sub-agents appointed by themselves ; a Cap'
thin CHAUNCEY, of the American navy, received
12,000 dollars for seeing that nobody ran away with the
said frigates while they were on the stocks building;
850 dollars were paid to an attorney for drawing out
the contract with .the said mercantile houses; and
when at last the poor Deputies, in order to.get one of
their frigates at the price which might have purchased
nearly a fleet, were obliged to refer their rights to
arbitration; the Hon. Judge PLATT and his two fellow
'arbitrators claimed 1,500 dollars for their labour. NVe
shall conclude with the very curious paragraph
which this American Solomon first secures the reW'
of his own wise decision, before he 'gives any decriiiia
the matters in dispute :
"We do award, adjudge, and determine, that from the
avails of said ship or ships, and their tackle, apparel, fir*
ture, and equipments, and the other property contained IS
the said assignment, or such part as shall be sold bYll° usf
pursuant to the terms of the said submission, there a
first deducted the sum of FOUR THOUSAND FINN HUNDR,E.D
• DOLLARS, for our services as arbitrators in the prenita•

Our silence with reference to the important de-
cision which the VICE-CHANCELLOR pronounced on
Tuesday last, as to the liability of non-incorporated
Joint Stock Companies, has not proceeded from any
"
inattention to this important Subject, but solely --
ground that this decree might be appealed against by
those most immediately concerned, and in which event
it might by possibility be altogether reversed.
Britisli
The proceedings were taken against the
Stannary Company,andthe Imperial Distillery Com-
pany, and by the decree, the Directors of Ole° Com-
panies have been held responsible for the sums "calve 4
by them from the Subscribers. It will not ta to be
.
remarked, that the Directors and the Subscribers stood
in exactly the same relative position to one anotbCr
and it therefore became absolutely necessary to ihsw
some special ground for calling on a court of equili
interfere between parties entitled to the same tie'
vested with the same character, and,boih, de jure 01

one body of men united '
tclogetiloiermr.ingFor. it must be • obvious to all, 'hit
dslYielifaitphOut some special ground attachitgexc:ll* 1:3 ee;
one or more of the members of the same firm, the
other members could' have no legal or equitable nAht
against them. This special ground has been
found in setting up Fraud. In plainer ternl''
the Directors are accused of having done lc/ml
thing in their Directorial capacities,
the eye of law and ' equity, . amounts:4o fraud'
This alleged fraud consisted of many pasta."'
tors 'That w
it names
ho li t
order, ultitni:eateol,lo:
2nd. That the
to sad
actualh Directors had taken upon thematic°
toht era to their body-3d. That theyboll nocbrought
whalemnaunmly'sab:!le number oei sanction
rni
shares fairly into the
hoisrerateudthoiiriityt list of Dire
heed in their own hands, in
to retain them, or reject them, according as
course or the other might be profitable to t‘l'l'ebliillivie"
--and lastly, that they bad proceeded to (I)9acts t°'
fraud. -
wards carrying on the proposed operations, be" thde
deed for the regulation of the partnership was PrePret,
and executed. It is to'no means intended to disrof
avcnaeusuettefrraigudnorainneeanoyf ittreanpsraoc;
the jurisdcrioctioatnteonfilt)htetCoocrori
so,of Chancery ill cat,/
But we have market,but
iionnwcootitasldndpbprecoitii:tot-ho:;
Equity.ry . point which gives jurisdiction to it C.,°11 soy
great doubts wbawir, so
tof Equity has the power topronoun° deg
transaction fraudulent, except in VMS di?, esSe
clearest_ and most manifest dishonesty. 'n - ar.
rive
it is not possible for a reasonable inn to
lve at
. any other conclusion, it would bs,restes,
send it to a jury ; but We' do say that doubtlni ia
, sot
or cases of apparent fraud (using the word aPefisu,l),
000Estiolidllicc.C5ri:titi2:the 41t(3251
tiveodri orit
iasflirna
ruleled otfheboetxhistceonucertsoloffraituaisilly:riteittssocititoiltii,ekn,
fnever to presume fraud ; and applYing
our alleged frauds, in the two cases wider &set' thing
we put it to any man whether there be 'ld lead
on the face of either of them till I ooki"g
to a reasonable suspicion . of frAum' ra '''
l'at
at these alleged frauds separatelP mud, st6,lo°
one of them that amounts to direct iniu'en.'neer,
third is the only one that is in our opinion evy-t- isiesili
tionable. But lot us dissect this charge' 74iiistell
that certain shares were kept back, in order) ""' resin
to retain them. Now in order ultimatelY to resin
them, where is the overt art of fraud, uPc'n °I; pillti"
inference is built ? or was it shown that in sr,,:Joui or
cpurol
cording as the one course or the other wo Z"- fi 4°l
al-ritain: tl:?ncle;etahnesw-silearr,:"*No,"--"tayeimt ia-nPrth r:l:lys°e.g- cift°lol
any such fact, in the absence of any 0014A-101i
which to found an intention to defraud, in "'coo of.
teeth of a long established and Vell-known .ro. of
equity, these charges are said to be suflicieet t..rt of
port the special ground of fraud, and give A e°67loers,
Equity the privilege of adjudicating between P ,„. oat
. Although we have deemed it propr to tlilr°ollo6
these remarks on the decision of the Vice-Cl''.l loot'
sped for I".' . id be
we nevertheless beg to express our re
ing. and. ability'; but at the same time vas. see fora
paying him but an indifferent complitrieol if wattreef
to speak out boldly our sentiments upou A, .tice
which appears to us to be contrary to naturit J" be
be ith t.,..
and reason,. however consonant it may ,-,- Kith
however v
duluoty_deumf'mdaonetritonemsano.f Court- of Chancery eV' ' 'ad
equity which the world well knows is not 'in.,Ler'eateet
m fact has but little reference to that first an" gr
kCoril-
We have no great admiration for Joirit-stoo thtir
e!nies, no particular affection for their destine:To.
Directors, or their schemes ; but in dikiPA 1 Of
stock Companies, we are not *o unfair as to ci.sli, di*
displeasure on the Directors_ only. Wre thi"corn.
subscribers are equally to blame, for howeyeribcrlaidi
Play was originally concocted, it is evident tics wig,
were animated, and its dealings rendered in,l,c )13 toti
chievonnt; not by the Directors only, but by tila not
merit, has kept them from the directorial chsit., oily,
chairs, however, they would have filled witted it t Ict
their brother subscribers, whose good luck) 11,00
if the alluring prospect of gain had boa OM 11 ,